Pioneer Real Estate Shares

Top 10 Portfolio Holdings as of 7/31/2014
Default: sorted by market value

Security Name Par / Shares Market Value
Acadia Realty Trust 65,500 $1,849,065
Alexander & Baldwin, Inc. 36,600 $1,397,022
Alexandria Real Estate Equities, Inc. 24,700 $1,941,420
American Assets Trust, Inc. 57,657 $1,977,059
American Campus Communities, Inc. 53,600 $2,086,112
American Homes 4 Rent 49,300 $898,246
Armada Hoffler Properties, Inc. 34,000 $319,600
AvalonBay Communities, Inc. 52,700 $7,803,816
BioMed Realty Trust, Inc. 127,200 $2,734,800
Boston Properties, Inc. 66,800 $7,979,260
Camden Property Trust 46,300 $3,350,268
CubeSmart 70,800 $1,289,268
DDR Corp. 168,900 $2,962,506
Douglas Emmett, Inc. 62,700 $1,786,323
DuPont Fabros Technology, Inc. 96,200 $2,636,842
Empire State Realty Trust, Inc. 104,500 $1,697,080
EPR Properties 43,200 $2,328,480
Equity Lifestyle Properties, Inc. 55,500 $2,458,095
Equity Residential 152,300 $9,846,195
Essex Property Trust, Inc. 8,467 $1,605,089
Extra Space Storage, Inc. 68,400 $3,538,332
Federal Realty Investment Trust 37,600 $4,590,960
Forest City Enterprises, Inc. 126,600 $2,426,922
Gramercy Property Trust, Inc. 95,900 $566,769
HCP, Inc. 151,800 $6,304,254
Health Care Real Estate Investment Trust, Inc. 85,900 $5,465,817
Hilton Worldwide Holdings, Inc. 60,800 $1,471,968
Host Hotels & Resorts, Inc. 304,000 $6,608,960
Kilroy Realty Corp. 88,200 $5,454,288
Liberty Property Trust 79,600 $2,799,532
National Retail Properties, Inc. 46,600 $1,657,562
Piedmont Office Realty Trust, Inc. 77,800 $1,513,210
Prologis, Inc. 198,900 $8,117,109
Public Storage 44,900 $7,705,289
Ramco-Gershenson Properties Trust 73,300 $1,216,780
Regency Centers Corp. 47,000 $2,554,920
Retail Opportunity Investments Corp. 97,400 $1,502,882
Rexford Industrial Realty, Inc. 43,300 $598,839
RLJ Lodging Trust 84,500 $2,369,380
Simon Property Group, Inc. 79,800 $13,421,562
Taubman Centers, Inc. 55,600 $4,089,936
The Macerich Co. 74,800 $4,862,748
Ventas, Inc. 83,800 $5,321,300
Vornado Realty Trust 34,200 $3,625,884
Washington Prime Group, Inc. 23,500 $443,915

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.