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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 />

1,471,000 USD<br />

Description of Securities<br />

Star G<strong>as</strong> Partners LP / Star G<strong>as</strong> Finance Co 8.875% 01/Dec/2017<br />

Market Value<br />

1,132,483<br />

Net Assets %<br />

0.04%<br />

Total Bonds<br />

2,206,501,623<br />

85.20%<br />

Equities<br />

11,175<br />

USD<br />

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

Industrial Metals and Mining<br />

Vale SA - Adr Pfd<br />

172,067<br />

0.01%<br />

7,195<br />

453<br />

9,305<br />

USD<br />

USD<br />

USD<br />

Financials<br />

<strong>Bank</strong>s<br />

Ally Financial Inc<br />

BTA <strong>Bank</strong> JSC - Gdr 144A<br />

Wells Fargo & Co - Pfd<br />

5,354,194<br />

377<br />

8,650,214<br />

0.21%<br />

0.00%<br />

0.33%<br />

344,000<br />

USD<br />

Financial Services<br />

GMAC Capital Trust I<br />

6,881,826<br />

0.27%<br />

92,120<br />

USD<br />

Real Estate Investm<strong>en</strong>t and Services<br />

Forest City Enterprises Inc - Pfd<br />

3,910,684<br />

0.15%<br />

50,000<br />

USD<br />

Real Estate Investm<strong>en</strong>t Trusts<br />

Health Care REIT Inc - Pfd<br />

2,163,607<br />

0.08%<br />

33,512<br />

33,512<br />

CAD<br />

CAD<br />

Industrials<br />

Construction and Materials<br />

Ainsworth Lumber Co Ltd - Regs<br />

Ainsworth Lumber Co Ltd - 21/Dec/2012<br />

68,928<br />

38,294<br />

0.00%<br />

0.00%<br />

15,800<br />

USD<br />

Industrial Engineering<br />

Stanley Black & Decker Inc - Pfd<br />

1,446,735<br />

0.06%<br />

6,574<br />

USD<br />

Industrial Transportation<br />

Horizon Lines Inc<br />

7,480<br />

0.00%<br />

1,958<br />

USD<br />

Oil and G<strong>as</strong><br />

Oil and G<strong>as</strong> Producers<br />

Rowan Cos Plc<br />

46,455<br />

0.00%<br />

198,292<br />

NOK<br />

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

Sevan Marine ASA<br />

545,916<br />

0.02%<br />

Total Equities<br />

29,286,777<br />

1.13%<br />

44,559<br />

NOK<br />

Warrants<br />

NORDEA BANK AB - Norse Energy Corp ASA - CW15 - 16/Jun/2015<br />

972<br />

0.00%<br />

Total Warrants<br />

972<br />

0.00%<br />

10,000,000<br />

5,590,000<br />

9,375,960<br />

2,900,000<br />

19,000,000<br />

6,827,000<br />

190,000<br />

2,750,000<br />

800,000<br />

886,000<br />

2,350,000<br />

505,000<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 />

Mortgages and Asset Backed securities<br />

ACE Securities Corp - HE1 A2A - Libor 1M 25/Jan/2037<br />

Aircraft Finance Trust - 1A A1 - Libor 1M 15/May/2024<br />

American Home Mortgage Investm<strong>en</strong>t Trust Floating 25/Jun/2045<br />

Amortizing Resid<strong>en</strong>tial Collateral Trust - BC1 M1 - Floating 25/Jan/2032<br />

Bayview Commercial Asset Trust - SP1 IO - Floating 25/Apr/2036<br />

Bear Stearns Asset Backed Securities Trust - M3 - Libor 1M 25/Oct/2034<br />

Bear Stearns Asset Backed Securities Trust - 2 A3 - Libor 1M 25/Jan/2047<br />

Bear Stearns Commercial Mortgage Securities - TOP2 D - 6.94% 15/Feb/2035<br />

CarNow Auto Receivables Trust - 1A D - 6.9% 15/Nov/2016<br />

Carrington Mortgage Loan Trust - FRE1 A2 - Libor 1M 25/Dec/2036<br />

Carrington Mortgage Loan Trust - FRE1 A2 - Libor 1M 25/Jul/2036<br />

Carrington Mortgage Loan Trust - HE1 A1 - Libor 1M 25/Feb/2032<br />

328,029<br />

1,396,587<br />

784,978<br />

152,081<br />

89,173<br />

4,507,443<br />

66,013<br />

2,083,033<br />

608,987<br />

532,618<br />

505,957<br />

87,127<br />

0.01%<br />

0.05%<br />

0.03%<br />

0.01%<br />

0.00%<br />

0.17%<br />

0.00%<br />

0.08%<br />

0.02%<br />

0.02%<br />

0.02%<br />

0.00%<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 323

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