Pioneer Real Estate Shares

Top 10 Portfolio Holdings as of 3/31/2015
Default: sorted by market value

Security Name Par / Shares Market Value
Acadia Realty Trust 80,000 $2,790,400
Alexander & Baldwin, Inc. 47,000 $2,029,460
American Assets Trust, Inc. 62,100 $2,687,688
American Campus Communities, Inc. 57,200 $2,452,164
American Homes 4 Rent 49,200 $814,260
AvalonBay Communities, Inc. 53,000 $9,235,250
BioMed Realty Trust, Inc. 125,900 $2,852,894
Boston Properties, Inc. 66,500 $9,341,920
Camden Property Trust 50,000 $3,906,500
Chatham Lodging Trust 63,300 $1,861,653
CubeSmart 94,600 $2,284,590
DDR Corp. 189,300 $3,524,766
Douglas Emmett, Inc. 62,000 $1,848,220
DuPont Fabros Technology, Inc. 101,300 $3,310,484
Easterly Government Properties, Inc. 26,300 $422,115
Empire State Realty Trust, Inc. 104,200 $1,960,002
Equity LifeStyle Properties, Inc. 53,900 $2,961,805
Equity Residential 142,800 $11,118,408
Extended Stay America, Inc. 96,700 $1,888,551
Extra Space Storage, Inc. 53,500 $3,614,995
Federal Realty Investment Trust 35,500 $5,225,955
Forest City Enterprises, Inc. 128,800 $3,286,976
Gramercy Property Trust, Inc. 77,050 $2,162,794
HCP, Inc. 142,000 $6,135,820
Health Care Real Estate Investment Trust, Inc. 91,500 $7,078,440
Hilton Worldwide Holdings, Inc. 71,100 $2,105,982
Host Hotels & Resorts, Inc. 191,100 $3,856,398
Kilroy Realty Corp. 66,400 $5,057,688
Liberty Property Trust 69,000 $2,463,300
National Retail Properties, Inc. 50,000 $2,048,500
Paramount Group, Inc. 74,500 $1,437,850
Piedmont Office Realty Trust, Inc. 173,500 $3,228,835
Prologis, Inc. 201,000 $8,755,560
Public Storage 46,000 $9,068,440
Ramco-Gershenson Properties Trust 73,500 $1,367,100
Retail Opportunity Investments Corp. 97,400 $1,782,420
Rexford Industrial Realty, Inc. 125,400 $1,982,574
RLJ Lodging Trust 88,400 $2,767,804
Simon Property Group, Inc. 78,200 $15,299,048
STORE Capital Corp. 50,818 $1,186,600
Taubman Centers, Inc. 102,800 $7,928,964
The Macerich Co. 31,100 $2,622,663
Ventas, Inc. 77,800 $5,680,956
Vornado Realty Trust 23,000 $2,576,000

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.