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Pioneer Funds - Emerging Markets Bond<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 />

1,500,000 USD<br />

12,500,000 CNY<br />

6,933,000 USD<br />

80,000,000 CNY<br />

7,860,000 USD<br />

4,000,000 USD<br />

Description of Securities<br />

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

Agile Property Holdings Ltd 9.875% 20/Mar/2017<br />

China SCE Property Holdings Ltd 10.5% 14/Jan/2016<br />

Emaar Sukuk Ltd 6.4% 18/Jul/2019<br />

Evergrande Real Estate Group Ltd 7.5% 19/Jan/2014<br />

Hopson Developm<strong>en</strong>t Holdings Ltd 11.75% 21/Jan/2016<br />

KWG Property Holding Ltd 13.25% 22/Mar/2017<br />

Market Value<br />

1,285,649<br />

1,572,763<br />

5,731,925<br />

9,818,787<br />

6,272,124<br />

3,628,571<br />

Net Assets %<br />

0.17%<br />

0.20%<br />

0.74%<br />

1.26%<br />

0.81%<br />

0.47%<br />

6,000,000<br />

USD<br />

Health Care<br />

Pharmaceuticals and Biotechnology<br />

CFR International SpA 5.125% 06/Dec/2022<br />

4,729,760<br />

0.61%<br />

2,800,000<br />

7,000,000<br />

5,600,000<br />

6,000,000<br />

5,000,000<br />

3,000,000<br />

2,500,000<br />

2,266,000<br />

5,075,000<br />

2,000,000<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

EUR<br />

USD<br />

USD<br />

USD<br />

USD<br />

Industrials<br />

Construction and Materials<br />

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

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

China Shanshui Cem<strong>en</strong>t Group Ltd - Regs - 10.5% 27/Apr/2017<br />

China Shanshui Cem<strong>en</strong>t Group Ltd 8.5% 25/May/2016<br />

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

C10-EUR Capital SPV Ltd Floating Perpetual<br />

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

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

Odebrecht Finance Ltd 7.125% 26/Jun/2042<br />

Yuksel Insaat AS 9.5% 10/Nov/2015<br />

2,320,237<br />

5,774,044<br />

4,905,947<br />

4,937,803<br />

4,048,468<br />

2,010,000<br />

2,047,937<br />

1,826,172<br />

4,484,508<br />

1,206,007<br />

0.30%<br />

0.75%<br />

0.63%<br />

0.64%<br />

0.52%<br />

0.26%<br />

0.26%<br />

0.24%<br />

0.58%<br />

0.16%<br />

8,000,000<br />

5,000,000<br />

5,500,000<br />

2,300,000<br />

USD<br />

USD<br />

EUR<br />

EUR<br />

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

DTEK Finance BV 9.5% 28/Apr/2015<br />

Noble Group Ltd 6.75% 29/Jan/2020<br />

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

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

6,143,507<br />

4,015,284<br />

5,984,413<br />

1,332,080<br />

0.79%<br />

0.52%<br />

0.77%<br />

0.17%<br />

5,100,000<br />

7,655,000<br />

USD<br />

USD<br />

Industrial Engineering<br />

OSX 3 Le<strong>as</strong>ing BV 9.25% 20/Mar/2015<br />

WPE International Cooperatief UA - Regs - 10.375% 30/Sep/2020<br />

4,008,552<br />

5,051,464<br />

0.52%<br />

0.65%<br />

6,600,000<br />

5,000,000<br />

4,667,000<br />

7,146,000<br />

4,750,000<br />

4,054,000<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

Industrial Transportation<br />

Brunswick Rail Finance Ltd 6.5% 01/Nov/2017<br />

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

COSCO Finance 2011 Ltd 4% 03/Dec/2022<br />

Grupo S<strong>en</strong>da Autotransporte SA de CV - Regs - 10.5% 03/Oct/2015<br />

Kazakhstan Temir Zholy Finance BV 6.95% 10/Jul/2042<br />

Navios South American Logistics Inc / Navios Logistics Finance US Inc 9.25% 15/Apr/2019<br />

5,240,352<br />

3,062,424<br />

3,609,463<br />

5,664,116<br />

4,539,593<br />

3,032,659<br />

0.68%<br />

0.40%<br />

0.47%<br />

0.73%<br />

0.59%<br />

0.39%<br />

4,925,000<br />

5,125,000<br />

5,691,000<br />

USD<br />

USD<br />

EUR<br />

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

Alternative Energy<br />

CE Oaxaca II S de RL de CV 7.25% 31/Dec/2031<br />

CE Oaxaca IV S de RL de CV 7.25% 31/Dec/2031<br />

EP Energy AS 5.875% 01/Nov/2019<br />

3,729,199<br />

3,894,652<br />

6,141,699<br />

0.48%<br />

0.50%<br />

0.79%<br />

5,000,000<br />

6,300,000<br />

6,111,000<br />

4,000,000<br />

25,500,000<br />

15,000,000<br />

3,985,000<br />

12,364,000<br />

USD<br />

EUR<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

USD<br />

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

Baghlan Group FZCO for Baghlan Group Ltd 14.75% 27/Jun/2015<br />

MOL Hungarian Oil and G<strong>as</strong> PLC 5.875% 20/Apr/2017<br />

OGX Austria GmbH - Regs - 8.375% 01/Apr/2022<br />

Pacific Rubiales Energy Corp 7.25% 12/Dec/2021<br />

Petroleos de V<strong>en</strong>ezuela SA 5.25% 12/Apr/2017<br />

Petroleos de V<strong>en</strong>ezuela SA 5.375% 12/Apr/2027<br />

Rosneft Oil Co via Rosneft International Finance Ltd 4.199% 06/Mar/2022<br />

Tupr<strong>as</strong> Turkiye Petrol Rafinerileri AS 4.125% 02/May/2018<br />

3,811,438<br />

6,698,412<br />

3,881,950<br />

3,519,417<br />

16,972,277<br />

8,021,086<br />

3,083,055<br />

9,366,311<br />

0.49%<br />

0.86%<br />

0.50%<br />

0.45%<br />

2.18%<br />

1.03%<br />

0.40%<br />

1.20%<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 343

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