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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 />

6,255,000 USD<br />

2,199,000 USD<br />

9,680,000 USD<br />

4,746,000 USD<br />

26,500,000 NOK<br />

14,500,000 NOK<br />

3,515,000 USD<br />

4,500,000 USD<br />

3,800,000 USD<br />

4,565,000 USD<br />

2,330,000 USD<br />

Description of Securities<br />

Stone Energy Corp 7.5% 15/Nov/2022<br />

Stone Energy Corp 8.625% 01/Feb/2017<br />

Tesoro Corp 5.375% 01/Oct/2022<br />

Tesoro Corp 9.75% 01/Jun/2019<br />

Transocean Norway Drilling AS Nibor 3M 24/Feb/2016<br />

Transocean Norway Drilling AS 11% 24/Feb/2016<br />

Unit Corp 6.625% 15/May/2021<br />

Vanguard Natural Resources LLC / VNR Finance Corp 7.875% 01/Apr/2020<br />

Vantage Drilling Co 7.875% CV 01/Sep/2042<br />

V<strong>en</strong>oco Inc 8.875% 15/Feb/2019<br />

W&T Offshore Inc 8.5% 15/Jun/2019<br />

Market Value<br />

4,934,163<br />

1,790,941<br />

7,819,478<br />

4,103,792<br />

3,801,348<br />

2,094,805<br />

2,736,096<br />

3,583,890<br />

3,166,907<br />

3,246,122<br />

1,899,841<br />

Net Assets %<br />

0.19%<br />

0.07%<br />

0.30%<br />

0.16%<br />

0.15%<br />

0.08%<br />

0.11%<br />

0.14%<br />

0.12%<br />

0.13%<br />

0.07%<br />

8,525,000<br />

3,405,000<br />

1,750,000<br />

2,935,000<br />

2,920,000<br />

718,000<br />

2,460,000<br />

8,310,000<br />

12,500,000<br />

5,110,000<br />

1,375,000<br />

6,195,000<br />

1,210,000<br />

4,240,000<br />

5,455,000<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 />

Oil Equipm<strong>en</strong>t, Services and Distribution<br />

B<strong>as</strong>ic Energy Services Inc 7.75% 15/Feb/2019<br />

Cie G<strong>en</strong>erale de Geophysique - Verit<strong>as</strong> 9.5% 15/May/2016<br />

Copano Energy LLC / Copano Energy Finance Corp 7.125% 01/Apr/2021<br />

Enterprise Products Operating LLC Floating 01/Jun/2067<br />

Enterprise Products Operating LLC 8.375% 01/Aug/2066<br />

Expro Finance Luxembourg SCA 8.5% 15/Dec/2016<br />

Exterran Holdings Inc 7.25% 01/Dec/2018<br />

Forbes Energy Services Ltd 9% 15/Jun/2019<br />

Golar LNG Ltd 3.75% CV 07/Mar/2017<br />

Holly Energy Partners LP / Holly Energy Finance Corp 6.5% 01/Mar/2020<br />

Holly Energy Partners LP / Holly Energy Finance Corp 8.25% 15/Mar/2018<br />

Key Energy Services Inc 6.75% 01/Mar/2021<br />

Pioneer Drilling Co 9.875% 15/Mar/2018<br />

Transportadora de G<strong>as</strong> del Sur SA - 144A - 7.875% 14/May/2017<br />

Trinidad Drilling Ltd 7.875% 15/Jan/2019<br />

6,466,171<br />

2,769,920<br />

1,425,260<br />

2,400,587<br />

2,527,647<br />

569,107<br />

1,987,181<br />

5,609,754<br />

9,282,084<br />

4,147,224<br />

1,134,187<br />

4,675,383<br />

998,085<br />

2,669,296<br />

4,396,190<br />

0.25%<br />

0.11%<br />

0.06%<br />

0.09%<br />

0.10%<br />

0.02%<br />

0.08%<br />

0.22%<br />

0.36%<br />

0.16%<br />

0.04%<br />

0.18%<br />

0.04%<br />

0.10%<br />

0.17%<br />

5,475,000<br />

4,124,000<br />

4,645,000<br />

2,824,000<br />

3,525,000<br />

4,575,000<br />

7,550,000<br />

3,835,000<br />

10,900,000<br />

3,190,000<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

Technology<br />

Software and Computer Services<br />

All<strong>en</strong> Systems Group Inc Floating 15/Nov/2016<br />

First Data Corp 12.625% 15/Jan/2021<br />

First Data Corp 7.375% 15/Jun/2019<br />

First Data Corp 8.25% 15/Jan/2021<br />

First Data Corp 8.875% 15/Aug/2020<br />

MedAssets Inc 8% 15/Nov/2018<br />

M<strong>en</strong>tor Graphics Corp 4% CV 01/Apr/2031<br />

Nuance Communications Inc 2.75% CV 01/Nov/2031<br />

WebMD Health Corp 2.25% CV 31/Mar/2016<br />

WebMD Health Corp 2.5% CV 31/Jan/2018<br />

3,073,043<br />

3,292,256<br />

3,646,522<br />

2,141,990<br />

2,914,328<br />

3,782,426<br />

6,710,904<br />

3,134,263<br />

7,709,534<br />

2,026,415<br />

0.12%<br />

0.13%<br />

0.14%<br />

0.08%<br />

0.11%<br />

0.15%<br />

0.26%<br />

0.12%<br />

0.30%<br />

0.08%<br />

7,555,000<br />

2,390,000<br />

5,155,000<br />

4,753,000<br />

3,290,000<br />

7,415,000<br />

2,757,000<br />

7,095,000<br />

7,350,000<br />

2,060,000<br />

1,920,000<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

Technology Hardware and Equipm<strong>en</strong>t<br />

Amkor Technology Inc 6.625% 01/Jun/2021<br />

CPI International Inc 8% 15/Feb/2018<br />

Intel Corp 2.95% CV 15/Dec/2035<br />

Lam Research Corp 1.25% CV 15/May/2018<br />

MEMC Electronic Materials Inc 7.75% 01/Apr/2019<br />

Novellus Systems Inc 2.625% CV 15/May/2041<br />

ON Semiconductor Corp 2.625% CV 15/Dec/2026<br />

SanDisk Corp 1.5% CV 15/Aug/2017<br />

Seagate HDD Cayman 7% 01/Nov/2021<br />

Seagate HDD Cayman 7.75% 15/Dec/2018<br />

ViaSat Inc 6.875% 15/Jun/2020<br />

5,716,105<br />

1,769,749<br />

4,046,894<br />

3,578,089<br />

2,096,177<br />

6,956,484<br />

2,214,027<br />

6,192,115<br />

6,006,997<br />

1,724,609<br />

1,521,845<br />

0.22%<br />

0.07%<br />

0.16%<br />

0.14%<br />

0.08%<br />

0.27%<br />

0.09%<br />

0.24%<br />

0.23%<br />

0.07%<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 />

Pioneer Funds - Annual Report 321

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