Factsheet - Pioneer Investments

Pioneer Funds – Euro Cash Plus
August 2012
Key Facts
Trailing Returns
ISIN Number LU0275636784
as at 31 Aug 2012 Fund % Benchmark %
Valor Number
Domiciled
Fund Size (Mil)
Fund Inception
Unit Class Launch
4354916
Luxembourg
€851.0
24/02/2003
10/06/2008
1 Month
3 Months
YTD
1 Year
0.5
1.1
4.3
3.8
0.0
0.1
0.6
1.1
Fees and Expenses
Initial Sales Charge Max. 5.00%
3 Years Ann.
5 Years Ann.
2.8
-
1.0
-
Management Fee
Ongoing Charges
0.30 %
0.47 %
Calendar Year Returns
as at 31 Dec 2011
Fund % Benchmark %
2011 0.2 1.3
Benchmark
2010 2.1 0.7
Name % 2009 10.5 1.5
Euribor 3M Index 100
Past performance does not guarantee and is not
indicative of future results.
See reverse side for footnotes and other important information. www.pioneerinvestments.ch
FACTSHEET
Class A EUR Non-Distributing Morningstar Rating †††
Short-Term
Instruments
Issuer %
Corporate 95.2
Others 1.6
Asset Backed 0.8
Cash¹ 2.3
Gross Currency Exposure
Currency %
Euros 94.0
US Dollar 3.2
Pound Sterling 0.4
Cash¹ 2.3
Credit Rating²
Quality / Rating %
AA 10.2
A 48.3
BBB 33.2
BB 2.4
Not Rated 3.5
Cash¹ 2.3
Top 10 Holdings
Latest Update
as at 31 August 2012
End Month Nav 57.42
Investment Objective
This Sub-Fund seeks to achieve capital appreciation and
income consistent with maintaining capital over the
short to medium-term by investing at least 75% of its
assets in a diversified portfolio of debt and debt-related
instruments that are denominated in euro as well as
Money Market Instruments. The Sub-Fund may invest
up to 25% of its assets in debt and debt-related
instruments denominated in other freely convertible
currencies. No more than 5% will be invested in sub-
Investment Grade debt and debt-related instruments.
The total average interest rate duration of the Sub-Fund
(including cash and Money Market Instruments) shall
not be longer than 12 months.
Issuer Coupon % Maturity Rating Mod Duration %
HSBC Bank PLC 1.14 08/04/2013 AA- 0.6 4.7
Merrill Lynch & Co Inc 0.59 30/05/2014 A- 1.7 3.5
Volvo Treasury AB 1.12 09/05/2014 BBB 1.7 3.0
Standard Chartered Bank 0.95 28/03/2018 A 5.4 2.7
BPCE SA 1.22 29/10/2013 A 1.1 2.4
Banque Federative du Credit Mutuel 1.11 25/03/2013 A+ 0.6 2.4
Intesa Sanpaolo Bank Ireland PLC 4.00 08/08/2013 BBB+ 0.9 2.0
Daimler International Finance BV 0.74 18/11/2013 A- 1.2 1.8
ING Bank NV 1.20 28/03/2013 A+ 0.6 1.8
Credito Emiliano SpA 1.85 01/10/2012 BBB 0.1 1.8
Portfolio Analysis
Total Number of Holdings 95
Assets in Top 10 Holdings 25.9 %
Country Breakdown
Country %
France 15.7
Italy 13.2
Netherlands 11.8
Sweden 11.8
United Kingdom 11.4
Spain 8.9
United States 7.5
Germany 7.1
Others 10.4
Cash¹ 2.3
Cash¹ 2.3 %
Bond Analysis
Effective Duration (Yrs) -0.0009
Modified Duration (Yrs) 1.3324
Yield to Maturity (%) 1.6769
Current Yield (%) 1.8024
Time to Maturity (Yrs) 1.3973
Coupon (%) 1.8281
Average Credit Quality² A-
Risk Analysis (3 Years)
Standard Deviation 1.96 %
Sharpe Ratio 1.02
Alpha 0.99 %
Beta -1.9517
R-Squared -0.0123

Pioneer Funds – Euro Cash Plus August 2012
Growth of 10,000 EUR
Notes
Pioneer Funds – Euro Cash Plus Class A EUR Non-Distributing Benchmark
About The Investment Team
Pioneer Funds – Euro Cash Plus is managed by
Tanguy Le Saout. Tanguy is Head of European Fixed
Income, where he oversees all European Fixed Income
portfolio management as well as European credit
research. He joined Pioneer Investments in 1999 from
Dresdner in Paris where he worked as an Arbitrageur
on Equity Options. Tanguy is an Engineering graduate
in Applied Mathematics from INSA Rouen France. He
also has a Masters degree in Finance from ESSEC
Paris, France.
Unless otherwise stated, all information is correct as at 31 August 2012.
Risk Measures, except Standard Deviation and Sharpe Ratio, are based on Class E Units, which are only offered for public sale in Italy. Standard Deviation and Sharpe Ratio: Morningstar.
Morningstar Ratings: Copyright © 2012 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) may not be copied or distributed; and (2) is not warranted to be accurate, complete or timely.
Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Pioneer Funds – Euro Cash Plus (the “Sub-Fund”) is a sub-fund of Pioneer Funds (the “Fund”), a fonds commun de placement with several separate sub-funds established under the laws of the Grand Duchy of Luxembourg.
The Units of the Sub-Fund may not be offered for sale in the United States of America, or in any of its territories or possessions subject to its jurisdiction or to/for the benefit of a United States Person.
No offer of any interest in any product will be made in any jurisdiction in which the offer, solicitation or sale is not authorised, or to any person to whom it is unlawful to make such offer, solicitation or sale. Not all unit classes
are available in all countries.
Performance data provided refers to Class A units only, and is based upon NAV net of fees. For details of other unit Classes available, please refer to the prospectus.
¹ The cash position reflects the percentage of settled and available cash.
² For the purposes of Credit Rating breakdowns and Average Credit Quality calculations, an average of available ratings across S&P, Moodys and Fitch is used. Average Credit Quality is an average of the rating of the bond,
CDS and CDS indices portion of the portfolio. Cash and all other instruments are excluded. Non sovereign bonds that are not rated by any of the 3 referenced rating agencies are assigned a rating of D for the purposes of the
Average Credit Quality calculation.
The Ratings shown in the top 10 holdings are the actual ratings of the security and are taken in the following order based on availability of an issue rating from the providers: S&P, Moodys and Fitch.
This Sub-Fund uses derivatives. The derivative exposure is only reflected in the data in the Bond Analysis table in this document.
Disclaimer
The funds mentioned in this material are “Fonds communs de placement” (FCP) or sub-funds of "Pioneer Funds" or "Pioneer S.F." or "Pioneer P.F.", a FCP or “Pioneer Investments Global Portfolio”, a “Société
d’Investissement à Capital Variable” (SICAV) with several separate sub-funds established by Pioneer Asset Management S.A. under the laws of the Grand Duchy of Luxembourg. With the exception of Pioneer S.F. – Euro
Curve Funds, sub-funds of "Pioneer S.F." or "Pioneer P.F." are not registered for public distribution in Switzerland. Any risk-return classes mentioned herein are from the perspective of euro-based investors. Any fund
awards cited correspond to the latest available information. Unless otherwise stated, all charts, performance data and risk measures are from Pioneer Investments.
Contact for inquiries: Pioneer Investments AG, Schanzenstrasse 1, 3001 Bern, Switzerland.
Representative for stand-alone funds, sub-funds of "Pioneer Funds", “Pioneer S.F.” or of “Pioneer Investments Global Portfolio” registered for public distribution in Switzerland (from which annual or semi-annual reports,
the prospectus, the simplified prospectus, additional information and the trust instrument/articles of association can be obtained): BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, 8002
Zurich, Switzerland. Past performance does not guarantee future results. Performance results do not take account of any fees charged upon subscription or redemption of units. Unless otherwise stated, all views expressed
in this document are based on research, computations and information from Pioneer Investments. These views are subject to change at any time based on market and other conditions and there can be no assurances that
countries, markets or sectors will perform as expected. Investments involve certain risks, including political and currency risks. Investment return and principal value may go down as well as up and could result in the loss of
all capital invested. Please read the prospectus carefully before you invest. Further information on risks is also included in the prospectus. Units of stand-alone funds, of "Pioneer Funds", "Pioneer S.F.", "Pioneer P.F" and
“Pioneer Investments Global Portfolio” ("units") may not be offered for public sale in the United States of America ("USA") or in any of its territories or possessions subject to its jurisdiction or to or for the benefit of any
United States person. This material is not a prospectus and does not constitute an offer to buy or a solicitation to sell any units of the fund by or to anyone in any jurisdiction in which such offer or solicitation would be
unlawful.
This material is for the use of dealer/broker only and not to be distributed to the public. All rights reserved.
Pioneer Investments is a trading name of the Pioneer Global Asset Management S.p.A. group of companies.