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Statement of Operations and Changes in Net Assets
for the year ended 31 December 2012 (continued)
Income
Dividends, net
Interest on securities
Interest on bank accounts
Interest on swaps
Income from securities lending
Other income
Total Income
Pioneer Funds -
Russian Equity
EUR
512,090
-
2,092
-
-
-
514,182
Pioneer Funds -
Commodity Alpha
EUR
-
-
76
9,365
-
56
9,497
Combined
EUR
245,967,789
808,063,875
2,134,147
74,241,075
16,561,420
3,986,559
1,150,954,865
Expenses
Management fees
Distribution fees
Depositary & administration fees
Taxe d’abonnement
Professional fees
Printing & publishing fees
Performance fees
Interest on swaps
Other charges
Total Expenses
Net Operational Income/(Loss)
(320,241)
(2,329)
(50,112)
(9,573)
(689)
(778)
-
-
(7,643)
(391,365)
122,817
(3,122,419)
(480,348)
(511,546)
(104,972)
(10,698)
(12,069)
(2,025)
(1,289,572)
(37,918)
(5,571,567)
(5,562,070)
(302,710,803)
(44,997,549)
(47,169,826)
(11,392,147)
(1,369,761)
(1,154,846)
(14,228,853)
(46,199,834)
(7,753,940)
(476,977,559)
673,977,306
Statement of Changes In Net Assets
Net asset value at the beginning of the year
Net Operational Income/(Loss)
16,419,187
122,817
315,603,687
(5,562,070)
29,309,073,175
673,977,306
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 Differences
Net realised gain/(loss) on swaps
Net Realised Gain/(Loss)
(1,359,309)
644
-
23,156
-
-
-
(1,335,509)
12,136,668
385,994
2,142,543
-
-
-
9,657,770
24,322,975
803,697,004
7,172,417
8,662,806
(39,695,013)
(13,967,799)
1,875,532
18,454,542
786,199,489
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 Differences
Net change in unrealised gain/(loss) on swaps
Net Change in Unrealised Gain/(Loss) for the Year
Net Increase/(Decrease) in Net Assets as a Result of Operations
3,203,132
-
83,257
-
-
-
3,286,389
2,073,697
(16,249,802)
149,656
-
-
-
-
(16,100,146)
2,660,759
1,593,215,029
11,872,929
17,187,069
(1,975,928)
(2,017,052)
73,115,052
1,691,397,099
3,151,573,894
Net subscriptions/(redemptions)
Dividend declared
Net Asset Value at Year End
(1) The first NAV was calculated on 29 May 2012.
(2) The first NAV was calculated on 11 July 2012.
(3) The first NAV was calculated on 11 December 2012.
(4) The first NAV was calculated on 11 January 2012.
(5) Formerly known as Pioneer Funds - Global Balanced.
(6) The first NAV was calculated on 16 May 2012.
(7) The last NAV was calculated on 17 December 2012.
(8) Formerly known as Pioneer Funds - Global Diversified Equity.
(9) The NAV was calculated as of 28 December 2012.
(10) The first NAV was calculated on 18 July 2012.
The accompanying notes form an integral part of these financial statements.
(700,119)
-
17,792,765
(45,772,005)
-
272,492,441
(1,698,530,036)
(263,615,189)
30,498,501,844
64 Pioneer Funds - Annual Report