Pioneer International Value Fund

Top 10 Portfolio Holdings as of 5/29/2015
Default: sorted by market value

Security Name Par / Shares Market Value
ACE, Ltd. 18,400 $1,959,232
Alps Electric Co, Ltd. 78,700 $2,008,009
Amcor, Ltd./Australia 223,600 $2,470,326
Aon Plc 24,200 $2,449,524
Astellas Pharma, Inc. 168,900 $2,452,468
AXA SA 127,300 $3,217,378
Banco Bilbao Vizcaya Argentaria SA 292,223 $2,886,826
Barclays Plc 761,500 $3,144,469
BG Group Plc 113,000 $1,965,349
BNP Paribas SA 52,200 $3,162,685
Bridgestone Corp. 60,100 $2,496,076
Croda International Plc 69,200 $3,096,824
Daikin Industries, Ltd. 35,400 $2,705,208
Daimler AG 18,400 $1,724,090
Danone SA 39,100 $2,686,705
Deutsche Annington Immobilien SE 83,385 $2,640,949
Distribuidora Internacional de Alimentacion SA 259,900 $2,072,189
Domino's Pizza Group Plc 206,700 $2,517,935
Encana Corp. 230,000 $2,913,826
Fresenius SE & Co KGaA 59,400 $3,787,198
Fujitec Co, Ltd. 133,400 $1,551,755
Gas Natural SDG SA 84,300 $2,074,560
GEA Group AG 52,000 $2,528,758
Gerresheimer AG 58,800 $3,355,295
Goodman Group 560,600 $2,794,884
Henkel AG & Co KGaA 31,300 $3,215,420
Hennes & Mauritz AB 61,100 $2,409,294
Hibernia Real Estate Investment Trust plc 507,700 $716,090
Hibernia Real Estate Investment Trust plc 1,665,215 $2,377,949
Hitachi, Ltd. 371,100 $2,532,243
Hoya Corp. 67,600 $2,486,065
Incitec Pivot, Ltd. 928,800 $2,821,101
KDDI Corp. 114,000 $2,561,426
Kerry Group Plc 43,400 $3,238,080
Koninklijke Philips NV 102,000 $2,780,405
Kubota Corp. 121,000 $2,009,079
Kuraray Co, Ltd. 232,400 $3,044,695
Methanex Corp. 27,100 $1,503,571
Mitsubishi Electric Corp. 203,000 $2,771,950
Mitsui Fudosan Co, Ltd. 91,000 $2,644,992
Murata Manufacturing Co, Ltd. 18,000 $2,921,504
Nabtesco Corp. 72,500 $1,863,792
National Australia Bank, Ltd. 96,000 $2,508,311
Nippon Telegraph & Telephone Corp. 28,500 $2,003,332
Novartis AG 43,700 $4,498,116
Orange SA 125,700 $1,992,185
Pacific Textiles Holdings, Ltd. 566,000 $792,494
Panasonic Corp. 137,900 $2,022,833
PAX Global Technology, Ltd. 1,086,000 $1,963,770
Persimmon Plc 102,900 $3,092,657
Publicis Groupe SA 23,200 $1,863,284
Red Electrica Corp SA 22,800 $1,918,712
Roche Holding AG 11,406 $3,358,792
Schlumberger, Ltd. 26,200 $2,378,174
Schneider Electric SE 41,200 $3,125,330
Sekisui Chemical Co, Ltd. 227,200 $3,060,558
Shire Plc 56,500 $4,893,112
Siemens AG 27,900 $2,935,725
SK Hynix, Inc. 33,700 $1,540,468
SoftBank Corp. 27,700 $1,654,514
SSE Plc 57,300 $1,461,512
Sumitomo Mitsui Financial Group, Inc. 59,000 $2,673,362
Sundrug Co, Ltd. 62,800 $3,309,933
Suntory Beverage & Food, Ltd. 46,000 $1,917,865
Swedbank AB 123,700 $2,903,558
Syngenta AG 9,200 $4,214,142
TOTO, Ltd. 165,000 $2,721,438
Trswap: Jpnk400 Index Jpy Buy -1,605,168,104 $768,584
UBS Group AG 151,300 $3,255,722
Unicharm Corp. 90,800 $2,001,413
Unilever NV 54,900 $2,342,773
Vodafone Group Plc 848,118 $3,318,437
Wasion Group Holdings, Ltd. 512,000 $791,361
Wereldhave NV 44,172 $2,674,664
Yaskawa Electric Corp. 210,600 $2,947,111
Zurich Insurance Group AG 11,500 $3,674,723

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.