Pioneer Real Estate Shares

Top 10 Portfolio Holdings as of 5/29/2015
Default: sorted by market value

Security Name Par / Shares Market Value
Acadia Realty Trust 81,700 $2,534,334
Alexander & Baldwin, Inc. 45,500 $1,868,685
American Assets Trust, Inc. 60,100 $2,364,935
American Campus Communities, Inc. 55,300 $2,157,253
American Homes 4 Rent 47,600 $794,444
AvalonBay Communities, Inc. 50,500 $8,408,250
BioMed Realty Trust, Inc. 121,800 $2,483,502
Boston Properties, Inc. 63,500 $8,256,905
Camden Property Trust 48,400 $3,629,032
Chatham Lodging Trust 61,200 $1,709,928
CubeSmart 91,500 $2,176,785
DDR Corp. 183,200 $3,099,744
Douglas Emmett, Inc. 60,000 $1,762,800
DuPont Fabros Technology, Inc. 98,000 $3,159,520
Easterly Government Properties, Inc. 27,900 $433,287
Empire State Realty Trust, Inc. 100,800 $1,822,464
Equity LifeStyle Properties, Inc. 50,000 $2,739,500
Equity Residential 138,200 $10,271,024
Extended Stay America, Inc. 93,300 $1,829,613
Extra Space Storage, Inc. 47,000 $3,291,410
Federal Realty Investment Trust 34,300 $4,612,321
Forest City Enterprises, Inc. 145,900 $3,364,454
Gramercy Property Trust, Inc. 85,250 $2,268,503
HCP, Inc. 139,300 $5,393,696
Health Care Real Estate Investment Trust, Inc. 89,700 $6,302,322
Hilton Worldwide Holdings, Inc. 76,600 $2,218,336
Host Hotels & Resorts, Inc. 175,000 $3,486,000
Kilroy Realty Corp. 53,000 $3,660,710
Liberty Property Trust 62,000 $2,166,280
National Retail Properties, Inc. 45,000 $1,687,950
Paramount Group, Inc. 96,700 $1,773,478
Piedmont Office Realty Trust, Inc. 167,900 $2,886,201
Prologis, Inc. 194,500 $7,700,255
Public Storage 43,400 $8,399,636
Retail Opportunity Investments Corp. 96,200 $1,570,946
Rexford Industrial Realty, Inc. 125,400 $1,829,586
RLJ Lodging Trust 82,000 $2,478,860
Simon Property Group, Inc. 78,200 $14,185,480
STORE Capital Corp. 49,218 $1,026,687
Tanger Factory Outlet Centers, Inc. 47,700 $1,604,151
Taubman Centers, Inc. 98,200 $7,269,746
The Macerich Co. 20,700 $1,699,677
Ventas, Inc. 73,000 $4,855,960
Vornado Realty Trust 20,500 $2,047,745

The portfolio is actively managed, and current holdings may be different.

For fund descriptions, historical and current performance, standardized returns as of the most recent quarter-end, risk disclosure or a prospectus, please click here.

Please request a free information kit on any Pioneer fund by ordering from this web site or by calling 1-800-225-6292. The kit includes a quarterly fact sheet and a prospectus. You should consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about each fund and should be read carefully before you invest or send money. To obtain a prospectus directly and for other information on any Pioneer fund please visit our download literature page.