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Pioneer Funds - Euro 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 />

6,036,000 EUR<br />

4,200,000 USD<br />

1,600,000 GBP<br />

750,000 EUR<br />

250,000 EUR<br />

1,700,000 EUR<br />

Description of Securities<br />

Fiat Industrial Finance Europe SA 6.25% 09/Mar/2018<br />

Global Investm<strong>en</strong>ts Group Finance Ltd 11% 24/Sep/2017<br />

House of Fr<strong>as</strong>er Funding PLC 8.875% 15/Aug/2018<br />

Numericable Finance & Co SCA Euribor 3M 15/Oct/2018<br />

Numericable Finance & Co SCA 12.375% 15/Feb/2019<br />

Numericable Finance & Co SCA 8.75% 15/Feb/2019<br />

Market Value<br />

6,814,160<br />

3,121,966<br />

2,105,782<br />

776,018<br />

300,313<br />

1,827,585<br />

Net Assets %<br />

0.87%<br />

0.40%<br />

0.27%<br />

0.10%<br />

0.04%<br />

0.23%<br />

3,200,000<br />

6,150,000<br />

EUR<br />

GBP<br />

Nonlife Insurance<br />

Mu<strong>en</strong>ch<strong>en</strong>er Rueckversicherungs AG Floating 26/May/2042<br />

Towergate Finance PLC - Regs - 10.5% 15/Feb/2019<br />

3,911,232<br />

8,037,232<br />

0.50%<br />

1.02%<br />

2,333,000<br />

1,333,000<br />

1,500,000<br />

2,500,000<br />

4,250,000<br />

USD<br />

EUR<br />

EUR<br />

GBP<br />

GBP<br />

Health Care<br />

Health Care Equipm<strong>en</strong>t and Services<br />

ConvaTec Healthcare E SA - Regs - 10.5% 15/Dec/2018<br />

ConvaTec Healthcare E SA - Regs - 7.375% 15/Dec/2017<br />

ConvaTec Healthcare E SA 10.875% 15/Dec/2018<br />

Priory Group No 3 PLC 7% 15/Feb/2018<br />

Priory Group No 3 PLC 8.875% 15/Feb/2019<br />

1,968,646<br />

1,458,569<br />

1,736,250<br />

3,295,216<br />

5,501,159<br />

0.25%<br />

0.19%<br />

0.22%<br />

0.42%<br />

0.70%<br />

3,800,000<br />

EUR<br />

Pharmaceuticals and Biotechnology<br />

Rottapharm Ltd 6.125% 15/Nov/2019<br />

3,965,034<br />

0.51%<br />

4,469,000<br />

2,500,000<br />

4,500,000<br />

4,350,000<br />

3,500,000<br />

2,700,000<br />

1,744,000<br />

8,700,000<br />

EUR<br />

USD<br />

EUR<br />

EUR<br />

EUR<br />

EUR<br />

USD<br />

EUR<br />

Industrials<br />

Construction and Materials<br />

Buzzi Unicem SpA 6.25% 28/Sep/2018<br />

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

Cemex Finance LLC 9.625% 14/Dec/2017<br />

HeidelbergCem<strong>en</strong>t Finance BV 8.5% 31/Oct/2019<br />

HeidelbergCem<strong>en</strong>t Finance BV 9.5% 15/Dec/2018<br />

Lafarge SA Floating 24/Nov/2016<br />

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

Spie BondCo 3 SCA - Regs - 11% 15/Aug/2019<br />

4,834,117<br />

2,081,121<br />

4,908,735<br />

5,446,853<br />

4,525,640<br />

3,272,265<br />

1,408,799<br />

9,552,600<br />

0.62%<br />

0.27%<br />

0.63%<br />

0.69%<br />

0.58%<br />

0.42%<br />

0.18%<br />

1.22%<br />

9,424,000<br />

3,600,000<br />

6,000,000<br />

2,521,000<br />

2,600,000<br />

EUR<br />

EUR<br />

EUR<br />

EUR<br />

EUR<br />

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

Norcell Swed<strong>en</strong> Holding 2 AB 10.75% 29/Sep/2019<br />

NorCell 1B AB 12.4% 01/Dec/2019<br />

Rexel SA 7% 17/Dec/2018<br />

Techem Energy Metering Service GmbH & Co KG 7.875% 01/Oct/2020<br />

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

10,298,076<br />

3,559,500<br />

6,659,040<br />

2,832,974<br />

2,830,932<br />

1.30%<br />

0.45%<br />

0.85%<br />

0.36%<br />

0.36%<br />

2,361,612<br />

3,000,000<br />

5,500,000<br />

2,000,000<br />

8,750,000<br />

2,000,000<br />

2,000,000<br />

3,000,000<br />

822,000<br />

2,614,000<br />

5,000,000<br />

3,000,000<br />

EUR<br />

EUR<br />

EUR<br />

EUR<br />

EUR<br />

EUR<br />

EUR<br />

EUR<br />

EUR<br />

EUR<br />

EUR<br />

EUR<br />

G<strong>en</strong>eral Industrials<br />

ARD Finance SA 11.125% 01/Jun/2018<br />

Ardagh Gl<strong>as</strong>s Finance PLC 7.125% 15/Jun/2017<br />

Ardagh Packaging Finance PLC - Regs - 9.25% 15/Oct/2020<br />

Beverage Packaging Holdings Luxembourg II SA 8% 15/Dec/2016<br />

Beverage Packaging Holdings Luxembourg II SA 9.5% 15/Jun/2017<br />

Clondalkin Industries BV - Reg.S - 8% 15/Mar/2014<br />

Guala Closures SpA Euribor 3M 15/Nov/2019<br />

KM Germany Holdings GmbH 8.75% 15/Dec/2020<br />

Nord<strong>en</strong>ia International AG - Regs - 9.75% 15/Jul/2017<br />

OI European Group BV 6.875% 31/Mar/2017<br />

Polish Television Holding BV Floating 15/May/2017<br />

Yioula Gl<strong>as</strong>sworks SA 9% 01/Dec/2015<br />

2,502,010<br />

3,110,490<br />

6,032,455<br />

2,043,440<br />

9,167,637<br />

1,784,540<br />

2,040,000<br />

3,161,730<br />

965,850<br />

2,724,389<br />

5,562,000<br />

1,785,000<br />

0.32%<br />

0.40%<br />

0.77%<br />

0.26%<br />

1.17%<br />

0.23%<br />

0.26%<br />

0.40%<br />

0.12%<br />

0.35%<br />

0.71%<br />

0.23%<br />

1,900,000<br />

1,200,000<br />

6,200,000<br />

7,000,000<br />

USD<br />

USD<br />

USD<br />

EUR<br />

Industrial Transportation<br />

CEVA Group PLC 12.75% 31/Mar/2020<br />

CEVA Group PLC 8.375% 01/Dec/2017<br />

CMA CGM SA 8.5% 15/Apr/2017<br />

CMA CGM SA 8.875% 15/Apr/2019<br />

1,080,856<br />

914,745<br />

3,844,433<br />

5,661,250<br />

0.14%<br />

0.12%<br />

0.49%<br />

0.72%<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 />

330 Pioneer Funds - Annual Report

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