Closed End Funds - Audit Committee Charter 7 13 10

EXCHANGE LISTED PIONEER FUNDS Audit Committee Charter This Audit Committee Charter is applicable to each of the exchange listed Pioneer Funds (the “Funds”). Italicized terms used in this Charter are defined in Annex A. Membership. The Audit Committee of each Fund shall be composed exclusively of Trustees (“Independent Trustees”) who are not “interested persons” as defined in the Investment Company Act of 1940, as amended (the “1940 Act”), of Pioneer Investment Management, Inc. (“Pioneer”). The Audit Committee of each Fund shall include at least three Independent Trustees who are designated for membership from time to time by the Board of Trustees of that Fund. In selecting Independent Trustees to serve on the Audit Committee of a Fund, the Board of Trustees of that Fund shall select members who are free of any relationship that, in the opinion of the Board of Trustees, may interfere, or give the appearance of interfering, with such member’s individual exercise of independent judgment. Except as otherwise permitted by the applicable rules of the exchange on which the applicable Pioneer Fund is listed, each member of the Audit Committee shall be independent. Unless otherwise determined by the Board of Trustees, no member of the Audit Committee of a Fund may serve on the audit committee of more than two public companies (other than the Pioneer open-end and/or closed-end Funds). With respect to each Fund that has shares listed on the New York ...