Pioneer International Value Fund

Top 10 Portfolio Holdings as of 6/30/2014
Default: sorted by market value

Security Name Par / Shares Market Value
ABB, Ltd. 84,400 $1,948,452
ACE, Ltd. 33,300 $3,453,210
Allianz SE 19,000 $3,167,341
Amcor, Ltd./Australia 348,500 $3,427,635
Aon Plc 38,600 $3,477,474
AXA SA 143,100 $3,415,798
Banco Bilbao Vizcaya Argentaria SA 238,508 $3,037,073
BASF SE 25,100 $2,923,231
BG Group Plc 174,700 $3,691,768
BHP Billiton, Ltd. 82,600 $2,820,421
BNP Paribas SA 15,800 $1,072,254
Bridgestone Corp. 60,100 $2,106,708
Casino Guichard Perrachon SA 25,700 $3,406,216
Cie Generale des Etablissements Michelin 19,700 $2,357,268
Croda International Plc 67,600 $2,547,582
Daikin Industries, Ltd. 46,600 $2,948,116
Daimler AG 26,800 $2,510,370
Danone SA 43,900 $3,258,869
Domino's Pizza Group Plc 206,700 $1,851,572
Eni S.p.A. 72,800 $1,990,359
Fresenius SE & Co KGaA 20,700 $3,087,677
Fujitsu, Ltd. 509,000 $3,824,522
GAGFAH SA 133,800 $2,436,520
GDF Suez 72,657 $1,998,146
GEA Group AG 73,200 $3,467,966
Gerresheimer AG 47,700 $3,289,156
GKN Plc 224,100 $1,390,058
Goodman Group 485,100 $2,310,136
Guangdong Investment, Ltd. 2,169,400 $2,502,829
Henkel AG & Co KGaA 29,800 $2,999,424
Hennes & Mauritz AB 61,100 $2,666,183
Hibernia Real Estate Investment Trust plc 1,379,672 $2,085,574
Hitachi, Ltd. 501,100 $3,678,137
Honda Motor Co, Ltd. 76,100 $2,662,528
Hoya Corp. 99,900 $3,324,949
Incitec Pivot, Ltd. 931,200 $2,547,174
Keppel Corp, Ltd. 350,700 $3,036,075
Komatsu, Ltd. 97,700 $2,272,322
Koninklijke Philips NV 84,100 $2,666,593
Kubota Corp. 115,000 $1,634,176
Kuraray Co, Ltd. 271,400 $3,445,963
MediaTek, Inc. 200,000 $3,385,445
Mitsubishi UFJ Financial Group, Inc. 198,300 $1,218,392
Murata Manufacturing Co, Ltd. 27,400 $2,570,653
Nabtesco Corp. 139,900 $3,099,135
Novartis AG 54,300 $4,920,554
Pacific Textiles Holdings, Ltd. 566,000 $707,629
Red Electrica Corp SA 38,900 $3,564,051
Roche Holding AG 14,506 $4,330,321
Rolls-Royce Holdings Plc 26,237,200 $44,883
Rolls-Royce Holdings Plc 127,500 $2,327,649
Royal Dutch Shell Plc 67,500 $2,794,115
Schlumberger, Ltd. 28,000 $3,302,600
Schneider Electric SA 35,900 $3,386,621
Sekisui Chemical Co, Ltd. 249,200 $2,892,642
Shire Plc 73,900 $5,792,031
Siemens AG 15,300 $2,021,183
SoftBank Corp. 33,900 $2,522,742
Sumitomo Mitsui Financial Group, Inc. 26,900 $1,129,759
Sundrug Co, Ltd. 64,900 $2,893,543
Suntory Beverage & Food, Ltd. 81,100 $3,184,630
Swedbank AB 123,700 $3,276,369
Syngenta AG 7,600 $2,840,631
Tata Motors, Ltd. 361,100 $1,774,639
Total SA 61,200 $4,422,694
Trswap: Jpnk400 Index Jpy Buy -1,265,287,478 $245,273
UBS AG 74,900 $1,373,017
Unicharm Corp. 54,300 $3,240,502
Verizon Communications, Inc. 21,900 $1,071,567
Verizon Communications, Inc. 44,186 $2,161,414
Vodafone Group Plc 596,518 $1,992,564
Wereldhave NV 29,400 $2,734,157
West Holdings Corp. 78,600 $1,182,833
Yaskawa Electric Corp. 192,000 $2,330,966
Zurich Insurance Group AG 9,500 $2,865,287

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.