Statem<strong>en</strong>t of Operations and Changes in Net Assets for the year <strong>en</strong>ded 31 December 2012 (continued) Income Divid<strong>en</strong>ds, net Interest on securities Interest on bank accounts Interest on swaps Income from securities l<strong>en</strong>ding Other income Total Income Pioneer Funds - Global Equity Target Income (8) EUR 2,423,196 - 13,137 - - 13,896 2,450,229 Pioneer Funds - Global Select EUR 11,297,536 - 356,092 - 521,990 - 12,175,618 Pioneer Funds - Global Ecology EUR 16,173,000 - 225,843 - 1,690,839 - 18,089,682 Exp<strong>en</strong>ses Managem<strong>en</strong>t fees Distribution fees Depositary & administration fees Taxe d’abonnem<strong>en</strong>t Professional fees Printing & publishing fees Performance fees Interest on swaps Other charges Total Exp<strong>en</strong>ses Net Operational Income/(Loss) (1,400,160) (1,100) (148,840) (44,582) (6,152) (938) - - (36,873) (1,638,645) 811,584 (7,768,977) (457,707) (834,248) (258,608) (29,655) (20,903) (1,143) - (98,896) (9,470,137) 2,705,481 (13,143,274) (2,160,232) (1,475,951) (417,683) (46,482) (36,438) (1,179,818) - (105,544) (18,565,422) (475,740) Statem<strong>en</strong>t of Changes In Net Assets Net <strong>as</strong>set value at the beginning of the year Net Operational Income/(Loss) 96,989,873 811,584 509,264,152 2,705,481 869,975,018 (475,740) Net realised gain/(loss) on sales of securities Net realised gain/(loss) on foreign exchange Net realised gain/(loss) on forward foreign exchange contracts Net realised gain/(loss) on financial futures contracts Net realised gain/(loss) on options Net realised gain/(loss) on Contracts For Differ<strong>en</strong>ces Net realised gain/(loss) on swaps Net Realised Gain/(Loss) 12,293,739 (120,961) 402,838 687,740 (383) - - 13,262,973 (1,636,760) 80,993 (1,498,110) 5,231,332 2,558,134 - - 4,735,589 (15,962,776) (249,142) 16,715,216 4,617,540 - - - 5,120,838 Net change in unrealised gain/(loss) on securities Net change in unrealised gain/(loss) on forward foreign exchange contracts Net change in unrealised gain/(loss) on financial futures contracts Net change in unrealised gain/(loss) on options Net change in unrealised gain/(loss) on Contracts For Differ<strong>en</strong>ces Net change in unrealised gain/(loss) on swaps Net Change in Unrealised Gain/(Loss) for the Year Net Incre<strong>as</strong>e/(Decre<strong>as</strong>e) in Net Assets <strong>as</strong> a Result of Operations (4,651,398) (241,935) (51,232) (8,624) - - (4,953,189) 9,121,368 49,764,674 453,722 179,098 (1,819,955) - - 48,577,539 56,018,609 139,038,443 (4,058,459) - - - - 134,979,984 139,625,082 Net subscriptions/(redemptions) Divid<strong>en</strong>d declared Net Asset Value at Year End (43,210,219) - 62,901,022 (25,088,840) - 540,193,921 (108,319,484) - 901,280,616 Footnotes available at the <strong>en</strong>d of this section. The accompanying notes form an integral part of these financial statem<strong>en</strong>ts. 60 Pioneer Funds - Annual Report
Statem<strong>en</strong>t of Operations and Changes in Net Assets for the year <strong>en</strong>ded 31 December 2012 (continued) Income Divid<strong>en</strong>ds, net Interest on securities Interest on bank accounts Interest on swaps Income from securities l<strong>en</strong>ding Other income Total Income Pioneer Funds - Gold and Mining EUR 710,000 - 4,685 - - - 714,685 Pioneer Funds - Japanese Equity (9) EUR 5,374,576 - 215 - 57,930 - 5,432,721 Pioneer Funds - Emerging Markets Equity EUR 17,179,944 67,546 166,809 - - - 17,414,299 Exp<strong>en</strong>ses Managem<strong>en</strong>t fees Distribution fees Depositary & administration fees Taxe d’abonnem<strong>en</strong>t Professional fees Printing & publishing fees Performance fees Interest on swaps Other charges Total Exp<strong>en</strong>ses Net Operational Income/(Loss) (626,069) (12,777) (61,947) (16,535) (3,768) (1,497) - - (14,894) (737,487) (22,802) (3,065,882) (40,147) (376,781) (99,281) (8,025) (9,063) - - (81,858) (3,681,037) 1,751,684 (10,873,473) (530,828) (1,766,990) (300,114) (47,903) (31,162) - - (193,642) (13,744,112) 3,670,187 Statem<strong>en</strong>t of Changes In Net Assets Net <strong>as</strong>set value at the beginning of the year Net Operational Income/(Loss) 38,854,857 (22,802) 254,129,623 1,751,684 787,465,023 3,670,187 Net realised gain/(loss) on sales of securities Net realised gain/(loss) on foreign exchange Net realised gain/(loss) on forward foreign exchange contracts Net realised gain/(loss) on financial futures contracts Net realised gain/(loss) on options Net realised gain/(loss) on Contracts For Differ<strong>en</strong>ces Net realised gain/(loss) on swaps Net Realised Gain/(Loss) (3,812,605) 23,664 - 81,716 - - - (3,707,225) (1,506,391) (630,942) 69,560 645,448 (14,025) - - (1,436,350) 34,067,635 (520,705) 44,084 (429,246) 121,254 - - 33,283,022 Net change in unrealised gain/(loss) on securities Net change in unrealised gain/(loss) on forward foreign exchange contracts Net change in unrealised gain/(loss) on financial futures contracts Net change in unrealised gain/(loss) on options Net change in unrealised gain/(loss) on Contracts For Differ<strong>en</strong>ces Net change in unrealised gain/(loss) on swaps Net Change in Unrealised Gain/(Loss) for the Year Net Incre<strong>as</strong>e/(Decre<strong>as</strong>e) in Net Assets <strong>as</strong> a Result of Operations 2,426,712 - 3,130 - - - 2,429,842 (1,300,185) 11,245,640 5,177 292,753 - - - 11,543,570 11,858,904 11,381,966 94,338 1,127,357 (106,625) - - 12,497,036 49,450,245 Net subscriptions/(redemptions) Divid<strong>en</strong>d declared Net Asset Value at Year End (870,105) - 36,684,567 (65,223,852) - 200,764,675 (162,785,268) - 674,130,000 Footnotes available at the <strong>en</strong>d of this section. The accompanying notes form an integral part of these financial statem<strong>en</strong>ts. Pioneer Funds - Annual Report 61
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Annual Report 31 December 2012 (Aud
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Table of Contents Annual Commentary
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Table of Contents Pioneer Funds - E
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Table of Contents Pioneer Funds - L
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Pioneer Funds Annual Report 2012 An
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Pioneer Funds - Euro Short-Term Sch
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Pioneer Funds - Euro Cash Plus Sche
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Pioneer Funds - Euro Cash Plus Sche
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Pioneer Funds - Euro Corporate Shor
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Pioneer Funds - Euro Bond Schedule
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Pioneer Funds - Euro Aggregate Bond
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Pioneer Funds - Euro Corporate Bond
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Pioneer Funds - Global Aggregate Bo
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Pioneer Funds - Euro Strategic Bond
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Pioneer Funds - Global Multi-Asset
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Pioneer Funds - Euroland Equity Sch
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Pioneer Funds - Core European Equit
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Pioneer Funds - Core European Equit
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Pioneer Funds - Top European Player
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Pioneer Funds - European Equity Val
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Pioneer Funds - European Potential
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Pioneer Funds - Emerging Europe and
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Pioneer Funds - Emerging Europe and
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Pioneer Funds - Asia (Ex. Japan) Eq
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Pioneer Funds - Latin American Equi
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Pioneer Funds - China Equity Schedu
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Pioneer Funds - Indian Equity Sched
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Pioneer Funds - Indian Equity Sched
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Pioneer Funds - Russian Equity Sche
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Pioneer Funds Notes to the Financia
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Pioneer Funds Notes to the Financia
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Pioneer Funds Notes to the Financia
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Management and Administration Manag
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Management and Administration (cont