Pioneer Real Estate Shares

Top 10 Portfolio Holdings as of 11/28/2014
Default: sorted by market value

Security Name Par / Shares Market Value
Acadia Realty Trust 72,300 $2,310,708
Alexander & Baldwin, Inc. 40,500 $1,542,240
American Assets Trust, Inc. 61,000 $2,397,300
American Campus Communities, Inc. 56,100 $2,244,000
American Homes 4 Rent 48,600 $835,920
AvalonBay Communities, Inc. 53,000 $8,521,870
BioMed Realty Trust, Inc. 124,100 $2,661,945
Boston Properties, Inc. 66,500 $8,621,060
Camden Property Trust 44,600 $3,419,928
Chatham Lodging Trust 42,100 $1,126,596
CubeSmart 89,200 $1,921,368
DDR Corp. 173,900 $3,187,587
Douglas Emmett, Inc. 61,200 $1,703,808
DuPont Fabros Technology, Inc. 91,000 $2,965,690
Empire State Realty Trust, Inc. 101,800 $1,706,168
EPR Properties 12,100 $677,479
Equity LifeStyle Properties, Inc. 53,200 $2,639,252
Equity Residential 142,800 $10,115,952
Extended Stay America, Inc. 98,300 $1,828,380
Extra Space Storage, Inc. 63,000 $3,734,010
Federal Realty Investment Trust 34,000 $4,510,440
Forest City Enterprises, Inc. 130,000 $2,806,700
Gramercy Property Trust, Inc. 285,500 $1,684,450
HCP, Inc. 140,000 $6,272,000
Health Care Real Estate Investment Trust, Inc. 87,200 $6,423,152
Hilton Worldwide Holdings, Inc. 85,100 $2,231,322
Host Hotels & Resorts, Inc. 188,300 $4,376,092
Kilroy Realty Corp. 83,000 $5,700,440
Liberty Property Trust 64,400 $2,278,472
National Retail Properties, Inc. 47,900 $1,845,587
Paramount Group, Inc. 40,300 $757,640
Piedmont Office Realty Trust, Inc. 167,800 $3,154,640
Prologis, Inc. 190,000 $8,033,200
Public Storage 45,700 $8,574,691
Ramco-Gershenson Properties Trust 71,600 $1,281,640
Regency Centers Corp. 25,100 $1,543,148
Retail Opportunity Investments Corp. 96,100 $1,581,806
Rexford Industrial Realty, Inc. 106,600 $1,619,254
RLJ Lodging Trust 87,200 $2,871,496
Simon Property Group, Inc. 78,200 $14,138,560
STORE Capital Corp. 39,000 $813,540
Taubman Centers, Inc. 71,600 $5,691,484
The Macerich Co. 59,400 $4,697,352
Ventas, Inc. 76,700 $5,487,885
Vornado Realty Trust 23,000 $2,565,880

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.