Pioneer Real Estate Shares

Top 10 Portfolio Holdings as of 6/30/2015
Default: sorted by market value

Security Name Par / Shares Market Value
Acadia Realty Trust 82,600 $2,404,486
Alexander & Baldwin, Inc. 45,100 $1,776,940
American Assets Trust, Inc. 59,600 $2,336,916
American Campus Communities, Inc. 54,800 $2,065,412
American Homes 4 Rent 47,200 $757,088
AvalonBay Communities, Inc. 47,100 $7,529,877
BioMed Realty Trust, Inc. 120,700 $2,334,338
Boston Properties, Inc. 66,300 $8,024,952
Camden Property Trust 46,600 $3,461,448
Chatham Lodging Trust 60,700 $1,606,729
CubeSmart 96,200 $2,227,992
DDR Corp. 181,500 $2,805,990
Douglas Emmett, Inc. 59,500 $1,602,930
DuPont Fabros Technology, Inc. 96,100 $2,830,145
Easterly Government Properties, Inc. 18,900 $300,888
Empire State Realty Trust, Inc. 99,900 $1,704,294
Equity LifeStyle Properties, Inc. 49,600 $2,607,968
Equity Residential 136,900 $9,606,273
Extended Stay America, Inc. 94,800 $1,779,396
Extra Space Storage, Inc. 40,700 $2,654,454
Federal Realty Investment Trust 34,000 $4,355,060
Forest City Enterprises, Inc. 141,700 $3,131,570
Gramercy Property Trust, Inc. 84,950 $1,985,282
HCP, Inc. 134,700 $4,912,509
Health Care Real Estate Investment Trust, Inc. 88,900 $5,834,507
Hilton Worldwide Holdings, Inc. 74,300 $2,046,965
Host Hotels & Resorts, Inc. 168,400 $3,339,372
Kilroy Realty Corp. 21,200 $1,423,580
Liberty Property Trust 30,900 $995,598
National Retail Properties, Inc. 44,600 $1,561,446
Paramount Group, Inc. 121,500 $2,084,940
Piedmont Office Realty Trust, Inc. 166,300 $2,925,217
Prologis, Inc. 192,700 $7,149,170
Public Storage 41,300 $7,614,481
Retail Opportunity Investments Corp. 95,300 $1,488,586
Rexford Industrial Realty, Inc. 128,200 $1,869,156
RLJ Lodging Trust 81,200 $2,418,136
Simon Property Group, Inc. 78,200 $13,530,164
STORE Capital Corp. 62,318 $1,252,592
Tanger Factory Outlet Centers, Inc. 54,700 $1,733,990
Taubman Centers, Inc. 97,300 $6,762,350
The Macerich Co. 33,700 $2,514,020
Ventas, Inc. 72,300 $4,489,107
Vornado Realty Trust 19,800 $1,879,614

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.