EX-99 11 poafriedman.txt POWER OF ATTORNEY (BENJAMIN M. FRIEDMAN) POWER OF ATTORNEY I, the undersigned trustee or officer of the investment companies listed on Annex A for which Pioneer Investment Management, Inc. or one of its affiliates acts as investment adviser (each, a "Trust" and collectively, the "Trusts"), hereby constitute and appoint Dorothy E. Bourassa, John F. Cogan, Jr., Daniel K. Kingsbury and Mark E. Bradley, and each of them acting singly, to be my true, sufficient and lawful attorneys, with full power to each of them to sign for me, in my name, (i) any Registration Statement on Form N-1A, N-2 or any other applicable registration form under the Investment Company Act of 1940, as amended, and/or under the Securities Act of 1933, as amended, and any and all amendments thereto filed by each Trust, of which I am now, or am on the date of such filing, a Trustee or officer of the Trust, (ii) any application, notice or other filings with the Securities and Exchange Commission, and (iii) any and all other documents and papers relating thereto, and generally to do all such things in my name and on behalf of me to enable each Trust to comply with the Investment Company Act of 1940, as amended, and the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder, hereby ratifying and confirming my signature as it may be signed by said attorneys, or each of them, to any and all Registration Statements and amendments to said Registration Statements, including any amendments to establish a new series of a Trust, and any other filings with the Securities and Exchange Commission on behalf of each Trust. IN WITNESS WHEREOF, I have hereunder set my hand as of this 30th day of May, 2008. /s/ Benjamin M. Friedman --------------------------- Benjamin M. Friedman POWER OF ATTORNEY ANNEX A Pioneer Bond Fund * Pioneer Series Trust IV: *, +, ++ Pioneer Diversified High Income Trust + Pioneer Classic Balanced Fund Pioneer Emerging Markets Fund Pioneer Government Income Fund Pioneer Equity Income Fund Pioneer Institutional Money Market Fund Pioneer Equity Opportunity Fund Pioneer Treasury Reserves Fund Pioneer Floating Rate Trust + Pioneer Series Trust V: Pioneer Fund * Pioneer Global Select Equity Fund Pioneer Fundamental Growth Fund Pioneer High Income Municipal Fund Pioneer Growth Shares Pioneer Oak Ridge All Cap Growth Fund Pioneer High Income Trust + Pioneer Select Research Growth Fund Pioneer High Yield Fund Pioneer Select Research Value Fund Pioneer Ibbotson Allocation Series: * Pioneer Series Trust VI: Pioneer Ibbotson Aggressive Allocation Fund Pioneer Floating Rate Fund Pioneer Ibbotson Conservative Allocation Fund Pioneer Series Trust VII: Pioneer Ibbotson Growth Allocation Fund Pioneer Global High Yield Fund Pioneer Ibbotson Moderate Allocation Fund Pioneer Global Aggregate Bond Fund Pioneer CityplaceIndependence Fund Pioneer Global Diversified Equity Fund Pioneer Interest Shares Pioneer Series Trust VIII: Pioneer International Equity Fund Pioneer International Value Fund Pioneer Mid Cap Growth Fund Pioneer Series Trust IX: Pioneer Mid Cap Value Fund * Pioneer Europe Select Equity Fund Pioneer Money Market Trust: * Pioneer Short Term Income Fund * Pioneer Cash Reserves Fund Pioneer Small Cap Value Fund Pioneer Municipal and Equity Income Trust + Pioneer Strategic Income Fund Pioneer Municipal High Income Trust + Pioneer Tax Free Income Fund * Pioneer Municipal High Income Advantage Trust + Pioneer Value Fund * Pioneer Protected Principal Trust: Pioneer Variable Contracts Trust: * Pioneer Protected Principal Plus Fund Pioneer Bond VCT Portfolio Pioneer Protected Principal Plus Fund II Pioneer Cullen Value VCT Portfolio Pioneer Real Estate Shares Pioneer Emerging Markets VCT Portfolio Pioneer Research Fund Pioneer Equity Income VCT Portfolio Pioneer Select Growth Fund Pioneer Fund VCT Portfolio Pioneer Select Value Fund Pioneer Global High Yield VCT Portfolio Pioneer Series Trust I: * Pioneer Growth Opportunities VCT Portfolio Pioneer Oak Ridge Large Cap Growth Fund Pioneer Growth Shares VCT Portfolio Pioneer Oak Ridge Small Cap Growth Fund Pioneer High Yield VCT Portfolio Pioneer Series Trust II: * Pioneer Ibbotson Aggressive Allocation VCT Portfolio Pioneer AmPac Growth Fund Pioneer Ibbotson Growth Allocation VCT Portfolio Pioneer AMT-Free CA Municipal Fund Pioneer Ibbotson Moderate Allocation VCT Portfolio Pioneer AMT-Free Municipal Fund Pioneer International Value VCT Portfolio Pioneer Growth Leaders Fund Pioneer Mid Cap Value VCT Portfolio Pioneer Growth Opportunities Fund Pioneer Money Market VCT Portfolio Pioneer Small and Mid Cap Growth Fund Pioneer Oak Ridge Large Cap Growth VCT Portfolio Pioneer Tax Free Money Market Fund Pioneer Real Estate Shares VCT Portfolio Pioneer Series Trust III: Pioneer Small Cap Value VCT Portfolio Pioneer Cullen Value Fund Pioneer Strategic Income VCT Portfolio
+ Mr. Friedman is not a Trustee of this Trust. ++ Mr. Kingsbury is not a Trustee of this Trust. * Mr. West is not a Trustee of this Trust.