Pioneer International Value Fund

Top 10 Portfolio Holdings as of 2/28/2014
Default: sorted by market value

Security Name Par / Shares Market Value
ABB, Ltd. 129,700 $3,313,636
ACE, Ltd. 33,500 $3,278,645
Allianz SE 21,400 $3,833,849
Amcor, Ltd./Australia 535,400 $4,865,620
Aon Plc 51,200 $4,382,720
AstraZeneca Plc 89,200 $6,079,012
AXA SA 171,200 $4,469,666
Banco Bilbao Vizcaya Argentaria SA 359,362 $4,456,093
Barclays Plc 889,825 $3,749,165
BASF SE 30,800 $3,549,274
BG Group Plc 268,400 $4,887,896
BHP Billiton, Ltd. 74,400 $2,562,393
BNP Paribas SA 71,800 $5,884,697
Bridgestone Corp. 106,400 $3,849,030
Casino Guichard Perrachon SA 31,500 $3,566,671
Cie Financiere Richemont SA 34,499 $3,437,909
Cie Generale des Etablissements Michelin 36,000 $4,396,373
Credit Suisse Group AG 79,905 $2,513,856
Croda International Plc 103,800 $4,409,154
Daikin Industries, Ltd. 71,500 $4,120,246
Daimler AG 50,800 $4,736,726
Danone SA 37,400 $2,643,560
Domino's Pizza Group Plc 203,200 $1,903,509
Eni S.p.A. 111,800 $2,696,979
Fresenius SE & Co KGaA 21,100 $3,282,177
Fujitsu, Ltd. 1,031,000 $6,447,571
GAGFAH SA 132,200 $2,012,307
GEA Group AG 112,500 $5,455,502
Gerresheimer AG 47,300 $3,222,142
GKN Plc 599,100 $4,067,813
Green Mountain Coffee Roasters, Inc. 19,700 $2,162,666
Guangdong Investment, Ltd. 3,333,400 $3,483,464
Gulfport Energy Corp. 69,200 $4,574,120
Henkel AG & Co KGaA 45,700 $4,625,352
Hennes & Mauritz AB 84,200 $3,792,310
Hibernia Real Estate Investment Trust plc 1,255,972 $1,871,069
Hitachi, Ltd. 819,100 $6,485,897
Honda Motor Co, Ltd. 115,900 $4,166,471
Hoya Corp. 138,500 $4,119,558
Incitec Pivot, Ltd. 1,430,400 $4,036,113
Intesa Sanpaolo S.p.A. 1,506,400 $4,663,361
ITOCHU Corp. 327,100 $4,073,593
Jun14 Gmcr C @ 110 -33 $-36,960
Keppel Corp, Ltd. 538,700 $4,452,581
Komatsu, Ltd. 90,600 $1,901,847
Koninklijke Ahold NV 201,000 $3,753,288
Koninklijke Philips NV 157,800 $5,522,517
Kubota Corp. 115,000 $1,615,023
Kuraray Co, Ltd. 283,900 $3,185,202
Makita Corp. 80,600 $4,500,849
MediaTek, Inc. 306,000 $4,489,084
Mitsubishi UFJ Financial Group, Inc. 868,400 $5,029,693
Murata Manufacturing Co, Ltd. 70,000 $6,686,102
Nippon Telegraph & Telephone Corp. 150,400 $8,444,651
Nordea Bank AB 341,000 $4,885,133
Novartis AG 83,400 $6,959,772
OSRAM Licht AG 63,160 $4,274,056
Prosegur Cia de Seguridad SA 575,100 $3,376,673
Roche Holding AG 18,906 $5,829,899
Rolls-Royce Holdings Plc 195,800 $3,272,388
Sekisui Chemical Co, Ltd. 383,200 $4,387,544
Shire Plc 102,200 $5,681,194
Siemens AG 17,600 $2,352,569
SK Hynix, Inc. 91,000 $3,317,081
Sumitomo Mitsui Financial Group, Inc. 111,700 $4,999,814
Sundrug Co, Ltd. 99,700 $4,023,431
Suntory Beverage & Food, Ltd. 163,000 $5,747,806
Syngenta AG 14,300 $5,203,316
T&D Holdings, Inc. 330,100 $4,061,088
Total SA 94,000 $6,101,868
Unicharm Corp. 58,700 $3,343,272
Verizon Communications, Inc. 44,186 $2,095,300
Verizon Communications, Inc. 44,631 $2,123,543
Vodafone Group Plc 916,418 $3,812,343
Vodafone Group Plc (A.D.R.) 92,563 $3,847,844
Wereldhave NV 45,100 $3,869,335
West Holdings Corp. 120,800 $1,429,901
Ziggo NV 76,000 $3,480,080

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.