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Pioneer Funds - Strategic Income<br />

Schedule of Investm<strong>en</strong>ts <strong>as</strong> at 31 December 2012 (expressed in EUR)<br />

Holding Curr<strong>en</strong>cy<br />

Description of Securities<br />

Transferable Securities and Money Market Instrum<strong>en</strong>ts Admitted to an Official Exchange<br />

Listing or Dealt in on Other Regulated Markets<br />

Market Value<br />

Net Assets %<br />

Bonds<br />

1,710,000<br />

1,910,000<br />

2,290,000<br />

1,970,000<br />

1,800,000<br />

5,015,000<br />

1,500,000<br />

1,555,000<br />

2,325,000<br />

9,180,000<br />

800,000<br />

1,000,000<br />

3,600,000<br />

2,646,000<br />

3,675,000<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

EUR<br />

USD<br />

USD<br />

EUR<br />

USD<br />

USD<br />

EUR<br />

B<strong>as</strong>ic Materials<br />

Chemicals<br />

B<strong>as</strong>ell Finance Co BV 8.1% 15/Mar/2027<br />

Br<strong>as</strong>kem Finance Ltd - 144A - 7.375% Perpetual<br />

Cytec Industries Inc 8.95% 01/Jul/2017<br />

E<strong>as</strong>tman Chemical Co 4.8% 01/Sep/2042<br />

EuroChem Mineral & Chemical Co OJSC via EuroChem GI Ltd 5.125% 12/Dec/2017<br />

Hexion US Finance Corp / Hexion Nova Scotia Finance ULC 8.875% 01/Feb/2018<br />

Ineos Finance PLC - 144A - 7.5% 01/May/2020<br />

Ineos Finance PLC 9% 15/May/2015<br />

Ineos Group Holdings SA 7.875% 15/Feb/2016<br />

LyondellB<strong>as</strong>ell Industries NV 5% 15/Apr/2019<br />

Mexichem SAB de CV 4.875% 19/Sep/2022<br />

Mom<strong>en</strong>tive Performance Materials Inc 9.5% 15/Jan/2021<br />

Rain CII Carbon LLC / CII Carbon Corp 8% 01/Dec/2018<br />

Rhodia SA 6.875% 15/Sep/2020<br />

Styrolution Group GmbH 7.625% 15/May/2016<br />

1,731,531<br />

1,506,675<br />

2,180,039<br />

1,604,797<br />

1,398,031<br />

3,908,459<br />

1,191,786<br />

1,253,176<br />

2,308,353<br />

7,694,099<br />

653,823<br />

720,000<br />

2,778,368<br />

2,262,117<br />

3,822,000<br />

0.07%<br />

0.06%<br />

0.08%<br />

0.06%<br />

0.05%<br />

0.15%<br />

0.04%<br />

0.05%<br />

0.09%<br />

0.29%<br />

0.02%<br />

0.03%<br />

0.10%<br />

0.09%<br />

0.14%<br />

5,500,000<br />

1,550,000<br />

4,075,000<br />

2,700,000<br />

USD<br />

USD<br />

USD<br />

USD<br />

Forestry and Paper<br />

Appleton Papers Inc 10.5% 15/Jun/2015<br />

Buckeye Partners LP 6.05% 15/Jan/2018<br />

Inversiones CMPC SA - 144A - 4.5% 25/Apr/2022<br />

Sappi Papier Holding GmbH - 144A - 6.625% 15/Apr/2021<br />

4,422,027<br />

1,324,982<br />

3,182,833<br />

2,022,338<br />

0.17%<br />

0.05%<br />

0.12%<br />

0.08%<br />

3,380,000<br />

1,910,000<br />

2,325,000<br />

4,850,000<br />

2,800,000<br />

1,830,000<br />

3,630,000<br />

8,398,000<br />

5,300,000<br />

3,000,000<br />

1,670,000<br />

2,425,000<br />

3,400,000<br />

4,574,000<br />

6,655,000<br />

6,700,000<br />

3,750,000<br />

3,012,000<br />

1,030,000<br />

1,650,000<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

Industrial Metals and Mining<br />

Alcoa Inc 6.15% 15/Aug/2020<br />

ArcelorMittal Floating 05/Aug/2020<br />

ArcelorMittal 5.75% 01/Mar/2021<br />

ArcelorMittal 6.125% 01/Jun/2018<br />

Citic Pacific Ltd 6.875% 21/Jan/2018<br />

Cliffs Natural Resources Inc 5.9% 15/Mar/2020<br />

Commercial Metals Co 7.35% 15/Aug/2018<br />

Essar Steel Algoma Inc 9.375% 15/Mar/2015<br />

Global Br<strong>as</strong>s and Copper Inc - 144A - 9.5% 01/Jun/2019<br />

Hyundai Steel Co 4.625% 21/Apr/2016<br />

Metinvest BV - Regs - 10.25% 20/May/2015<br />

Metinvest BV - 144A - 10.25% 20/May/2015<br />

Metinvest BV - 144A - 8.75% 14/Feb/2018<br />

Mueller Water Products Inc 7.375% 01/Jun/2017<br />

Novelis Inc/GA 8.375% 15/Dec/2017<br />

Quadra FNX Mining Ltd 7.75% 15/Jun/2019<br />

Samarco Mineracao SA 4.125% 01/Nov/2022<br />

Severstal Columbus LLC 10.25% 15/Feb/2018<br />

Southern Copper Corp 5.375% 16/Apr/2020<br />

Volcan Cia Minera SAA 5.375% 02/Feb/2022<br />

2,804,236<br />

1,453,848<br />

1,758,445<br />

3,732,617<br />

2,243,923<br />

1,478,132<br />

3,001,138<br />

5,764,707<br />

4,381,826<br />

2,441,789<br />

1,304,688<br />

1,894,531<br />

2,507,964<br />

3,582,111<br />

5,565,183<br />

5,272,489<br />

2,894,133<br />

2,404,528<br />

900,459<br />

1,386,055<br />

0.11%<br />

0.05%<br />

0.07%<br />

0.14%<br />

0.08%<br />

0.06%<br />

0.11%<br />

0.22%<br />

0.16%<br />

0.09%<br />

0.05%<br />

0.07%<br />

0.09%<br />

0.13%<br />

0.21%<br />

0.20%<br />

0.11%<br />

0.09%<br />

0.03%<br />

0.05%<br />

2,340,000<br />

1,875,000<br />

1,850,000<br />

4,085,000<br />

2,300,000<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

Mining<br />

Alpha Natural Resources Inc 6% 01/Jun/2019<br />

ALROSA Finance SA 7.75% 03/Nov/2020<br />

AngloGold Ashanti Holdings PLC 5.125% 01/Aug/2022<br />

AngloGold Ashanti Holdings PLC 5.375% 15/Apr/2020<br />

Bumi Capital Pte Ltd 12% 10/Nov/2016<br />

1,641,763<br />

1,649,727<br />

1,422,136<br />

3,197,792<br />

1,648,589<br />

0.06%<br />

0.06%<br />

0.05%<br />

0.12%<br />

0.06%<br />

The accompanying notes form an integral part of these financial statem<strong>en</strong>ts.<br />

Any differ<strong>en</strong>ces in the perc<strong>en</strong>tage of net <strong>as</strong>sets are the results of roundings.<br />

274 Pioneer Funds - Annual Report

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