Pioneer Real Estate Shares

Top 10 Portfolio Holdings as of 12/31/2015
Default: sorted by market value

Security Name Par / Shares Market Value
Acadia Realty Trust 81,200 $2,691,780
Alexander & Baldwin, Inc. 52,500 $1,853,775
American Assets Trust, Inc. 57,300 $2,197,455
American Campus Communities, Inc. 54,000 $2,232,360
American Homes 4 Rent 94,500 $1,574,370
AvalonBay Communities, Inc. 44,600 $8,212,198
Boston Properties, Inc. 64,200 $8,188,068
Camden Property Trust 52,500 $4,029,900
Chatham Lodging Trust 73,600 $1,507,328
CubeSmart 143,300 $4,387,846
DDR Corp. 176,700 $2,975,628
Douglas Emmett, Inc. 59,400 $1,852,092
DuPont Fabros Technology, Inc. 93,300 $2,966,007
Empire State Realty Trust, Inc. 104,200 $1,882,894
Equity LifeStyle Properties, Inc. 46,500 $3,100,155
Equity Residential 130,000 $10,606,700
Extended Stay America, Inc. 129,500 $2,059,050
Federal Realty Investment Trust 31,000 $4,529,100
Forest City Enterprises, Inc. 155,700 $3,414,501
Gramercy Property Reit Trust 345,933 $2,670,603
Hilton Worldwide Holdings, Inc. 91,000 $1,947,400
Host Hotels & Resorts, Inc. 186,900 $2,867,046
Paramount Group, Inc. 164,600 $2,979,260
Piedmont Office Realty Trust, Inc. 226,300 $4,272,544
Prologis, Inc. 181,700 $7,798,564
Public Storage 39,000 $9,660,300
Retail Opportunity Investments Corp. 92,700 $1,659,330
Rexford Industrial Realty, Inc. 150,800 $2,467,088
RLJ Lodging Trust 82,200 $1,777,986
Simon Property Group, Inc. 77,800 $15,127,432
STORE Capital Corp. 86,518 $2,007,218
Tanger Factory Outlet Centers, Inc. 70,700 $2,311,890
Taubman Centers, Inc. 87,200 $6,689,984
The Macerich Co. 40,400 $3,259,876
Ventas, Inc. 115,900 $6,540,237
Vornado Realty Trust 15,200 $1,519,392
Welltower, Inc. 116,000 $7,891,480

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.