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Pioneer Funds - Global High Yield<br />

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

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

4,900,000 USD<br />

3,702,743 USD<br />

10,955,000 USD<br />

368,000 USD<br />

Description of Securities<br />

Surgical Care Affiliates Inc 10% 15/Jul/2017<br />

Surgical Care Affiliates Inc 8.875% 15/Jul/2015<br />

Vanguard Health Holding Co II LLC / Vanguard Holding Co II Inc - 144A - 7.75% 01/Feb/2019<br />

Vanguard Health Systems Inc 0% 01/Feb/2016<br />

Market Value<br />

3,893,166<br />

2,843,619<br />

8,600,140<br />

209,345<br />

Net Assets %<br />

0.15%<br />

0.11%<br />

0.33%<br />

0.01%<br />

2,515,000<br />

7,350,000<br />

5,335,000<br />

14,920,000<br />

5,030,000<br />

5,750,000<br />

5,225,000<br />

13,940,000<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

Pharmaceuticals and Biotechnology<br />

Corsicanto Ltd 3.5% CV 15/Jan/2032<br />

Cubist Pharmaceuticals Inc 2.5% CV 01/Nov/2017<br />

KV Pharmaceutical 0% 15/Mar/2015<br />

Lantheus Medical Imaging Inc 9.75% 15/May/2017<br />

Sky Growth Acquisition Corp 7.375% 15/Oct/2020<br />

STHI Holding Corp 8% 15/Mar/2018<br />

Valeant Pharmaceuticals International 6.375% 15/Oct/2020<br />

VPI Escrow Corp 6.375% 15/Oct/2020<br />

2,346,367<br />

8,679,484<br />

3,237,257<br />

10,524,575<br />

3,796,154<br />

4,721,158<br />

4,250,465<br />

11,339,995<br />

0.09%<br />

0.34%<br />

0.13%<br />

0.41%<br />

0.15%<br />

0.18%<br />

0.16%<br />

0.44%<br />

7,470,000<br />

3,000,000<br />

3,250,000<br />

USD<br />

EUR<br />

USD<br />

Industrials<br />

Aerospace and Def<strong>en</strong>se<br />

ADS Tactical Inc 11% 01/Apr/2018<br />

Heckler & Koch GmbH 9.5% 15/May/2018<br />

Silver II Borrower 7.75% 15/Dec/2020<br />

5,779,278<br />

2,595,000<br />

2,551,388<br />

0.22%<br />

0.10%<br />

0.10%<br />

7,085,000<br />

4,443,000<br />

5,274,000<br />

9,275,000<br />

3,900,000<br />

11,450,000<br />

10,050,000<br />

2,500,000<br />

10,285,000<br />

3,500,000<br />

13,825,000<br />

3,200,000<br />

2,430,000<br />

1,495,000<br />

6,520,000<br />

7,125,000<br />

1,175,000<br />

5,139,000<br />

3,950,000<br />

6,400,000<br />

1,155,000<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 />

USD<br />

Construction and Materials<br />

Calcipar SA 6.875% 01/May/2018<br />

Cemex Espana Luxembourg - Regs - 9.875% 30/Apr/2019<br />

Cemex Finance LLC - 144A - 9.5% 14/Dec/2016<br />

Cemex SAB de CV - 144A - 9% 11/Jan/2018<br />

Cemex SAB de CV Libor 3M 30/Sep/2015<br />

Cemex SAB de CV 3.75% CV 15/Mar/2018<br />

China Liansu Group Holdings Ltd 7.875% 13/May/2016<br />

Corp GEO SAB de CV 8.875% 27/Mar/2022<br />

Desarrolladora Homex SAB de CV 9.5% 11/Dec/2019<br />

Empres<strong>as</strong> ICA SAB de CV 8.375% 24/Jul/2017<br />

Empres<strong>as</strong> ICA SAB de CV 8.9% 04/Feb/2021<br />

M<strong>as</strong>co Corp 5.95% 15/Mar/2022<br />

M<strong>as</strong>Tec Inc 4% CV 15/Jun/2014<br />

M<strong>as</strong>Tec Inc 4.25% CV 15/Dec/2014<br />

New Enterprise Stone & Lime Co Inc 11% 01/Sep/2018<br />

OAS Investm<strong>en</strong>ts GmbH 8.25% 19/Oct/2019<br />

Tex<strong>as</strong> Industries Inc 9.25% 15/Aug/2020<br />

Urbi Desarrollos Urbanos SAB de CV 9.5% 21/Jan/2020<br />

Urbi Desarrollos Urbanos SAB de CV 9.75% 03/Feb/2022<br />

USG Corp - 144A - 7.875% 30/Mar/2020<br />

USG Corp 8.375% 15/Oct/2018<br />

5,481,417<br />

3,757,543<br />

4,350,330<br />

7,615,433<br />

3,009,898<br />

9,732,370<br />

7,994,491<br />

2,019,493<br />

8,386,207<br />

2,860,475<br />

11,429,953<br />

2,690,515<br />

2,982,436<br />

1,892,279<br />

3,709,041<br />

5,728,535<br />

955,846<br />

3,683,522<br />

2,838,763<br />

5,424,757<br />

976,809<br />

0.21%<br />

0.15%<br />

0.17%<br />

0.29%<br />

0.12%<br />

0.38%<br />

0.31%<br />

0.08%<br />

0.32%<br />

0.11%<br />

0.44%<br />

0.10%<br />

0.12%<br />

0.07%<br />

0.14%<br />

0.22%<br />

0.04%<br />

0.14%<br />

0.11%<br />

0.21%<br />

0.04%<br />

6,560,000<br />

2,339,000<br />

3,195,000<br />

9,455,000<br />

9,006,000<br />

700,000<br />

7,100,000<br />

2,913,000<br />

3,664,000<br />

11,448,000<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

EUR<br />

USD<br />

USD<br />

USD<br />

USD<br />

Electronic and Electrical Equipm<strong>en</strong>t<br />

Coleman Cable Inc 9% 15/Feb/2018<br />

G<strong>en</strong>eral Cable Corp Floating CV 15/Nov/2029<br />

SunPower Corp 4.5% CV 15/Mar/2015<br />

SunPower Corp 4.75% CV 15/Apr/2014<br />

Suntech Power Holdings Co Ltd 3% CV 15/Mar/2013<br />

Techem GmbH 6.125% 01/Oct/2019<br />

Vi<strong>as</strong>ystems Inc - 144A - 7.875% 01/May/2019<br />

WESCO Distribution Inc 7.5% 15/Oct/2017<br />

WESCO International Inc 6% CV 15/Sep/2029<br />

WireCo WorldGroup Inc Floating 15/May/2017<br />

5,348,908<br />

1,894,982<br />

2,247,696<br />

6,759,206<br />

3,108,108<br />

752,066<br />

5,277,609<br />

2,238,662<br />

6,685,536<br />

9,204,248<br />

0.21%<br />

0.07%<br />

0.09%<br />

0.26%<br />

0.12%<br />

0.03%<br />

0.20%<br />

0.09%<br />

0.26%<br />

0.36%<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 />

318 Pioneer Funds - Annual Report

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