Pioneer International Value Fund

Top 10 Portfolio Holdings as of 5/30/2014
Default: sorted by market value

Security Name Par / Shares Market Value
ABB, Ltd. 129,700 $3,086,257
ACE, Ltd. 51,200 $5,309,952
Allianz SE 29,300 $4,970,523
Amcor, Ltd./Australia 535,400 $5,281,685
Aon Plc 59,300 $5,333,442
AXA SA 219,800 $5,434,187
Banco Bilbao Vizcaya Argentaria SA 366,408 $4,703,417
Barclays Plc 889,825 $3,687,514
BASF SE 38,500 $4,434,079
BG Group Plc 268,400 $5,496,263
BHP Billiton, Ltd. 127,000 $4,312,610
BNP Paribas SA 24,300 $1,704,189
Bridgestone Corp. 92,400 $3,354,466
Casino Guichard Perrachon SA 39,500 $5,095,467
Cie Generale des Etablissements Michelin 30,200 $3,732,465
CITIGROUP GLOBAL MARKETS INC. -33 $-16,500
Croda International Plc 103,800 $4,585,373
Daikin Industries, Ltd. 71,500 $4,293,703
Daimler AG 41,200 $3,916,553
Danone SA 53,900 $4,018,110
Domino's Pizza Group Plc 317,400 $2,996,396
Eni S.p.A. 111,800 $2,851,087
Fresenius SE & Co KGaA 31,700 $4,730,282
Fujitsu, Ltd. 782,000 $5,333,581
GAGFAH SA 205,600 $3,429,295
GEA Group AG 112,500 $4,839,031
Gerresheimer AG 73,300 $4,936,842
GKN Plc 344,200 $2,267,868
Goodman Group 485,100 $2,295,928
Guangdong Investment, Ltd. 3,333,400 $3,701,897
Gulfport Energy Corp. 69,200 $4,257,876
Henkel AG & Co KGaA 45,700 $4,636,302
Hennes & Mauritz AB 61,100 $2,586,084
Hibernia Real Estate Investment Trust plc 2,119,472 $3,038,734
Hitachi, Ltd. 671,100 $4,543,455
Honda Motor Co, Ltd. 116,900 $4,107,828
Hoya Corp. 108,800 $3,386,694
Incitec Pivot, Ltd. 1,430,400 $3,656,416
Keppel Corp, Ltd. 538,700 $4,567,514
Keurig Green Mountain, Inc. 19,700 $2,221,766
Komatsu, Ltd. 150,100 $3,284,147
Koninklijke Ahold NV 85,738 $1,559,793
Koninklijke Philips NV 129,100 $4,081,933
Kubota Corp. 115,000 $1,580,682
Kuraray Co, Ltd. 416,800 $5,026,073
MediaTek, Inc. 306,000 $4,946,178
Mitsubishi UFJ Financial Group, Inc. 304,600 $1,725,864
Murata Manufacturing Co, Ltd. 56,600 $4,825,780
Nabtesco Corp. 214,900 $4,678,984
Nordea Bank AB 341,000 $5,037,637
Novartis AG 83,400 $7,498,724
Pacific Textiles Holdings, Ltd. 400,000 $490,205
PVH Corp. 31,800 $4,185,834
Red Electrica Corp SA 59,700 $5,122,882
Roche Holding AG 22,406 $6,615,032
Rolls-Royce Holdings Plc 26,237,200 $43,988
Rolls-Royce Holdings Plc 195,800 $3,416,956
Royal Dutch Shell Plc 103,700 $4,080,559
Schneider Electric SA 55,200 $5,216,487
Sekisui Chemical Co, Ltd. 383,200 $4,175,958
Shire Plc 113,600 $6,546,775
Siemens AG 23,400 $3,109,377
SoftBank Corp. 52,000 $3,787,447
Sumitomo Mitsui Financial Group, Inc. 41,400 $1,681,678
Sundrug Co, Ltd. 99,700 $4,489,208
Suntory Beverage & Food, Ltd. 163,000 $6,236,295
Syngenta AG 11,600 $4,469,041
Tata Motors, Ltd. 554,700 $2,421,832
Total SA 94,000 $6,602,400
UBS AG 115,000 $2,309,953
Unicharm Corp. 83,300 $5,067,581
Verizon Communications, Inc. 44,186 $2,205,370
Verizon Communications, Inc. 101,931 $5,092,473
Vodafone Group Plc 916,418 $3,216,487
Wereldhave NV 45,100 $4,022,710
West Holdings Corp. 120,800 $1,859,091
Yaskawa Electric Corp. 295,000 $3,643,849

The portfolio is actively managed, and current holdings may be different.

For fund descriptions, historical and current performance, standardized returns as of the most recent quarter-end, risk disclosure or a prospectus, please click here.

Please request a free information kit on any Pioneer fund by ordering from this web site or by calling 1-800-225-6292. The kit includes a quarterly fact sheet and a prospectus. You should consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about each fund and should be read carefully before you invest or send money. To obtain a prospectus directly and for other information on any Pioneer fund please visit our download literature page.