Pioneer Real Estate Shares

Top 10 Portfolio Holdings as of 6/30/2014
Default: sorted by market value

Security Name Par / Shares Market Value
Acadia Realty Trust 62,700 $1,761,243
Alexander & Baldwin, Inc. 30,500 $1,264,225
Alexandria Real Estate Equities, Inc. 38,400 $2,981,376
American Assets Trust, Inc. 56,200 $1,941,710
American Campus Communities, Inc. 50,300 $1,923,472
American Homes 4 Rent 49,300 $875,568
American Realty Capital Properties, Inc. 35,100 $439,803
Armada Hoffler Properties, Inc. 34,000 $329,120
AvalonBay Communities, Inc. 52,700 $7,493,413
Aviv Real Estate Investment Trust, Inc. 9,300 $261,981
BioMed Realty Trust, Inc. 122,300 $2,669,809
Boston Properties, Inc. 66,800 $7,894,424
Camden Property Trust 46,300 $3,294,245
CubeSmart 70,800 $1,297,056
DDR Corp. 168,900 $2,977,707
Douglas Emmett, Inc. 62,700 $1,769,394
DuPont Fabros Technology, Inc. 96,200 $2,593,552
Empire State Realty Trust, Inc. 104,500 $1,724,250
EPR Properties 46,200 $2,581,194
Equity Lifestyle Properties, Inc. 55,500 $2,450,880
Equity Residential 152,300 $9,594,900
Essex Property Trust, Inc. 9,667 $1,787,525
Extra Space Storage, Inc. 68,400 $3,642,300
Federal Realty Investment Trust 37,600 $4,546,592
First Potomac Realty Trust 6,340 $83,181
Forest City Enterprises, Inc. 125,500 $2,493,685
Gramercy Property Trust, Inc. 62,700 $379,335
HCP, Inc. 147,900 $6,120,102
Health Care Real Estate Investment Trust, Inc. 85,900 $5,383,353
Hilton Worldwide Holdings, Inc. 60,800 $1,416,640
Host Hotels & Resorts, Inc. 304,000 $6,691,040
Kilroy Realty Corp. 88,200 $5,493,096
Liberty Property Trust 79,600 $3,019,228
National Retail Properties, Inc. 46,600 $1,733,054
Piedmont Office Realty Trust, Inc. 49,500 $937,530
Prologis, Inc. 198,900 $8,172,801
Public Storage 44,900 $7,693,615
Ramco-Gershenson Properties Trust 73,300 $1,218,246
Regency Centers Corp. 49,000 $2,728,320
Retail Opportunity Investments Corp. 97,400 $1,532,102
Rexford Industrial Realty, Inc. 28,100 $400,144
RLJ Lodging Trust 84,500 $2,441,205
Simon Property Group, Inc. 79,800 $13,269,144
Taubman Centers, Inc. 55,600 $4,215,036
The Macerich Co. 74,800 $4,992,900
Ventas, Inc. 85,100 $5,454,910
Vornado Realty Trust 34,200 $3,650,166
Washington Prime Group, Inc. 23,500 $440,390

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.