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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 />

Description of Securities<br />

Market Value<br />

Net Assets %<br />

5,932,000<br />

15,024,000<br />

7,831,000<br />

2,650,000<br />

9,650,000<br />

8,200,000<br />

7,625,000<br />

7,470,000<br />

2,600,000<br />

6,740,000<br />

760,000<br />

9,440,000<br />

450,000<br />

3,800,000<br />

2,850,000<br />

3,850,000<br />

14,350,000<br />

1,475,000<br />

9,730,000<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 />

EUR<br />

EUR<br />

EUR<br />

USD<br />

USD<br />

EUR<br />

Telecommunications<br />

Fixed Line Telecommunications<br />

Cincinnati Bell Inc 8.25% 15/Oct/2017<br />

Cincinnati Bell Inc 8.375% 15/Oct/2020<br />

Cincinnati Bell Inc 8.75% 15/Mar/2018<br />

Digicel Group Ltd - 144A - 10.5% 15/Apr/2018<br />

Digicel Ltd - 144A - 8.25% 01/Sep/2017<br />

Frontier Communications Corp 7.125% 15/Jan/2023<br />

Frontier Communications Corp 8.5% 15/Apr/2020<br />

Frontier Communications Corp 8.75% 15/Apr/2022<br />

Frontier Communications Corp 9.25% 01/Jul/2021<br />

GCI Inc 6.75% 01/Jun/2021<br />

GCI Inc 8.625% 15/Nov/2019<br />

PAETEC Holding Corp 8.875% 30/Jun/2017<br />

PAETEC Holding Corp 9.875% 01/Dec/2018<br />

Tel<strong>en</strong>et Finance III Luxembourg SCA 6.625% 15/Feb/2015<br />

Tel<strong>en</strong>et Finance IV Luxembourg S.C.A. Euribor 3M 15/Jun/2021<br />

Tel<strong>en</strong>et Finance Luxembourg SCA - 144A - 6.375% 15/Nov/2020<br />

Windstream Corp 7.75% 01/Oct/2021<br />

Windstream Corp 7.875% 01/Nov/2017<br />

Ziggo Bond Co BV - 144A - 8% 15/May/2018<br />

4,848,096<br />

12,335,771<br />

6,132,818<br />

2,211,013<br />

7,831,842<br />

6,592,840<br />

6,651,054<br />

6,572,512<br />

2,322,133<br />

5,010,012<br />

612,485<br />

7,679,308<br />

390,815<br />

4,028,000<br />

2,764,500<br />

4,085,813<br />

11,809,580<br />

1,258,628<br />

10,703,000<br />

0.19%<br />

0.48%<br />

0.24%<br />

0.09%<br />

0.30%<br />

0.25%<br />

0.26%<br />

0.25%<br />

0.09%<br />

0.19%<br />

0.02%<br />

0.30%<br />

0.02%<br />

0.16%<br />

0.11%<br />

0.16%<br />

0.46%<br />

0.05%<br />

0.41%<br />

5,700,000<br />

7,070,000<br />

20,275,000<br />

9,714<br />

1,305,000<br />

3,750,000<br />

4,615,000<br />

3,745,000<br />

150,000<br />

9,300,000<br />

2,100,000<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

Mobile Telecommunications<br />

Digicel Group Ltd 8.25% 30/Sep/2020<br />

Intelsat Jackson Holdings SA 7.25% 01/Apr/2019<br />

Intelsat Luxembourg SA - 144A - 11.5% 04/Feb/2017<br />

Intelsat Luxembourg SA 11.5% 04/Feb/2017<br />

MetroPCS Wireless Inc 6.625% 15/Nov/2020<br />

NII Capital Corp 7.625% 01/Apr/2021<br />

NII Capital Corp 8.875% 15/Dec/2019<br />

Telesat Canada / Telesat LLC 12.5% 01/Nov/2017<br />

Vimpel Communications OJSC Via UBS Luxembourg SA 8.25% 23/May/2016<br />

VimpelCom Holdings BV 7.5043% 01/Mar/2022<br />

WCP Wireless Site Funding / WCP Wireless Site RE Funding 6.829% 15/Nov/2015<br />

4,755,765<br />

5,791,566<br />

16,339,644<br />

7,829<br />

1,051,701<br />

2,168,822<br />

2,782,862<br />

3,117,519<br />

128,428<br />

8,103,288<br />

1,724,338<br />

0.18%<br />

0.22%<br />

0.62%<br />

0.00%<br />

0.04%<br />

0.08%<br />

0.11%<br />

0.12%<br />

0.00%<br />

0.31%<br />

0.07%<br />

3,855,000<br />

4,375,000<br />

4,360,000<br />

6,863,000<br />

1,550,000<br />

1,860,000<br />

6,600,000<br />

17,675,000<br />

14,300,000<br />

2,942,000<br />

6,300,000<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

Utilities<br />

Electricity<br />

Cia de Transporte de Energia Electrica <strong>en</strong> Alta T<strong>en</strong>sion Trans<strong>en</strong>er SA 9.75% 15/Aug/2021<br />

Dubai Electricity & Water Authority - Regs - 7.375% 21/Oct/2020<br />

Dubai Electricity & Water Authority 8.5% 22/Apr/2015<br />

Empresa Distribuidora Y Comercializadora Norte - 144A - 9.75% 25/Oct/2022<br />

Energy Future Holdings Corp Floating 15/Jan/2020<br />

Interg<strong>en</strong> NV 9% 30/Jun/2017<br />

NRG Energy Inc 7.625% 15/Jan/2018<br />

NRG Energy Inc 7.625% 15/May/2019<br />

NRG Energy Inc 8.25% 01/Sep/2020<br />

NSG Holdings LLC / NSG Holdings Inc 7.75% 15/Dec/2025<br />

Star Energy Geothermal Wayang Windu Ltd 11.5% 12/Feb/2015<br />

1,052,640<br />

4,077,504<br />

3,736,954<br />

2,290,443<br />

1,313,808<br />

1,262,667<br />

5,556,735<br />

14,344,849<br />

12,148,058<br />

2,298,438<br />

5,094,857<br />

0.04%<br />

0.16%<br />

0.14%<br />

0.09%<br />

0.05%<br />

0.05%<br />

0.21%<br />

0.55%<br />

0.47%<br />

0.09%<br />

0.20%<br />

9,750,000<br />

930,000<br />

2,250,000<br />

2,200,000<br />

USD<br />

USD<br />

USD<br />

USD<br />

G<strong>as</strong>, Water and Multiutilities<br />

AmeriG<strong>as</strong> Finance LLC / AmeriG<strong>as</strong> Finance Corp 7% 20/May/2022<br />

AmeriG<strong>as</strong> Partners LP / AmeriG<strong>as</strong> Finance Corp 6.5% 20/May/2021<br />

Ferrellg<strong>as</strong> LP / Ferrellg<strong>as</strong> Finance Corp 6.5% 01/May/2021<br />

Southern Union Co Libor 3M 01/Nov/2066<br />

8,264,279<br />

765,360<br />

1,689,548<br />

1,428,815<br />

0.32%<br />

0.03%<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 />

322 Pioneer Funds - Annual Report

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