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Pioneer Funds - Absolute Return Commodity
Schedule of Investments as at 31 December 2012 (expressed in EUR)
Holding
Currency
Description of Securities
Transferable Securities and Money Market Instruments Admitted to an Official Exchange
Listing or Dealt in on Other Regulated Markets
Market Value
Net Assets %
Supranationals, Governments and Local Public Authorities, Debt Instruments
400,000
100,000
300,000
EUR
EUR
EUR
Governments
French Treasury Note BTAN 4.5% 12/Jul/2013
State of Berlin 3% 09/Apr/2013
State of Berlin 3.75% 11/Jun/2013
409,230
100,748
304,792
17.00%
4.19%
12.66%
450,000
500,000
200,000
300,000
EUR
EUR
EUR
EUR
Local Public Authorities
Free State of Bavaria 3.375% 21/Jan/2013
State of Brandenburg 4% 20/Feb/2013
State of North Rhine-Westphalia 2.25% 17/Jun/2013
State of Saxony-Anhalt 4.125% 22/Apr/2013
450,810
502,650
201,926
303,587
18.73%
20.90%
8.39%
12.61%
Total Supranationals, Governments and Local Public Authorities, Debt Instruments
Total Transferable Securities and Money Market Instruments Admitted to an Official
Exchange Listing or Dealt in on Other Regulated Markets
2,273,743
2,273,743
94.48%
94.48%
Total Securities
2,273,743
94.48%
Net Asset Value
2,406,619
100.00%
Outstanding Swaps as at 31 December 2012 (expressed in EUR)
Maturity Date Contract
Underlying
09-Jan-13 Commodity Swap Credit Suisse Custom 54 Excess return Index
09-Jan-13 Commodity Swap Merrill Lynch Seasonal Roll P1.0 Index
09-Jan-13 Commodity Swap Goldman Sachs Commodity Carry Alpha Pairs Strategy
Total Net Unrealised Gain/(Loss) on Swaps
Received Rate
CS54E 1D
MLCXS 1D
ABGSC 1D
Paid Rate Currency Nominal
Unrealised
Gain/(Loss)
0.700% USD 2,400,000 (6,111)
0.600% USD 1,100,000
246
0.950% USD 500,000 (1,811)
(7,676)
The accompanying notes form an integral part of these financial statements.
Any differences in the percentage of net assets are the results of roundings.
356 Pioneer Funds - Annual Report