Pioneer International Value Fund

Top 10 Portfolio Holdings as of 7/31/2014
Default: sorted by market value

Security Name Par / Shares Market Value
ABB, Ltd. 121,400 $2,792,448
ACE, Ltd. 33,300 $3,333,330
Allianz SE 19,000 $3,175,478
Amcor, Ltd./Australia 348,500 $3,349,388
Aon Plc 38,600 $3,256,296
AXA SA 143,100 $3,276,788
Banco Bilbao Vizcaya Argentaria SA 238,508 $2,934,615
BASF SE 25,100 $2,608,363
BG Group Plc 102,400 $2,020,202
BHP Billiton, Ltd. 82,600 $2,936,712
Bridgestone Corp. 60,100 $2,168,906
Casino Guichard Perrachon SA 25,700 $3,095,115
Cie Generale des Etablissements Michelin 19,700 $2,157,425
Croda International Plc 88,000 $3,122,099
Daikin Industries, Ltd. 46,600 $3,215,180
Daimler AG 26,800 $2,220,084
Danone SA 43,900 $3,170,273
Domino's Pizza Group Plc 206,700 $1,903,395
Encana Corp. 94,200 $2,028,910
Eni S.p.A. 72,800 $1,850,408
Fresenius SE & Co KGaA 20,700 $3,100,125
Fujitsu, Ltd. 509,000 $3,915,409
GAGFAH SA 133,800 $2,344,229
GDF Suez 72,657 $1,861,254
GEA Group AG 73,200 $3,292,476
Gerresheimer AG 47,700 $3,287,554
GKN Plc 224,100 $1,288,043
Goodman Group 485,100 $2,382,111
Henkel AG & Co KGaA 29,800 $2,841,470
Hennes & Mauritz AB 61,100 $2,503,689
Hibernia Real Estate Investment Trust plc 1,648,672 $2,340,929
Hitachi, Ltd. 501,100 $3,900,988
Honda Motor Co, Ltd. 76,100 $2,640,412
Hoya Corp. 80,700 $2,623,598
Incitec Pivot, Ltd. 931,200 $2,554,094
Keppel Corp, Ltd. 350,700 $3,078,839
Komatsu, Ltd. 97,700 $2,148,729
Koninklijke Philips NV 84,100 $2,588,138
Kubota Corp. 115,000 $1,522,847
Kuraray Co, Ltd. 271,400 $3,571,008
Mitsubishi UFJ Financial Group, Inc. 198,300 $1,173,815
Murata Manufacturing Co, Ltd. 27,400 $2,615,970
Nabtesco Corp. 139,900 $3,179,168
National Australia Bank, Ltd. 63,700 $2,067,843
Nippon Telegraph & Telephone Corp. 31,200 $2,074,174
Novartis AG 54,300 $4,738,511
Orange SA 170,400 $2,667,390
Pacific Textiles Holdings, Ltd. 566,000 $710,289
Red Electrica Corp SA 38,900 $3,331,083
Roche Holding AG 14,506 $4,213,173
Rolls-Royce Holdings Plc 127,500 $2,221,156
Royal Dutch Shell Plc 50,800 $2,090,017
Schlumberger, Ltd. 28,000 $3,034,920
Schneider Electric SE 35,900 $3,019,760
Sekisui Chemical Co, Ltd. 312,200 $3,740,291
Shire Plc 45,000 $3,709,589
Siemens AG 15,300 $1,892,603
SoftBank Corp. 45,000 $3,190,415
Sumitomo Mitsui Financial Group, Inc. 26,900 $1,101,252
Sundrug Co, Ltd. 76,300 $3,430,893
Suntory Beverage & Food, Ltd. 81,100 $3,047,803
Swedbank AB 123,700 $3,168,609
Syngenta AG 9,200 $3,270,474
Tata Motors, Ltd. 361,100 $1,743,350
Total SA 61,200 $3,947,329
Trswap: Jpnk400 Index Jpy Buy -1,265,287,478 $522,577
UBS AG 148,700 $2,553,101
Unicharm Corp. 54,300 $3,331,373
Vodafone Group Plc 1,025,518 $3,414,541
Wereldhave NV 29,400 $2,617,752
Yaskawa Electric Corp. 261,500 $3,409,263
Zurich Insurance Group AG 9,500 $2,760,978

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.