Pioneer Real Estate Shares

Top 10 Portfolio Holdings as of 2/28/2014
Default: sorted by market value

Security Name Par / Shares Market Value
Acadia Realty Trust 55,300 $1,462,685
Alexander & Baldwin, Inc. 15,000 $624,300
Alexandria Real Estate Equities, Inc. 35,800 $2,593,710
American Assets Trust, Inc. 52,400 $1,732,868
American Campus Communities, Inc. 46,800 $1,728,792
American Homes 4 Rent 45,800 $750,204
Armada Hoffler Properties, Inc. 44,500 $435,655
AvalonBay Communities, Inc. 48,100 $6,203,457
BioMed Realty Trust, Inc. 113,600 $2,349,248
Boston Properties, Inc. 64,000 $7,195,520
BRE Properties, Inc. 27,800 $1,717,206
Camden Property Trust 42,200 $2,814,740
CubeSmart 65,900 $1,153,909
DDR Corp. 156,900 $2,607,678
Douglas Emmett, Inc. 57,400 $1,545,782
DuPont Fabros Technology, Inc. 89,300 $2,371,808
Empire State Realty Trust, Inc. 94,200 $1,443,144
EPR Properties 60,200 $3,206,252
Equity Lifestyle Properties, Inc. 51,700 $2,080,925
Equity Residential 152,300 $8,904,981
Extra Space Storage, Inc. 63,900 $3,137,490
Federal Realty Investment Trust 34,100 $3,795,671
First Potomac Realty Trust 51,300 $650,484
Forest City Enterprises, Inc. 112,900 $2,199,292
HCP, Inc. 135,400 $5,249,458
Health Care Real Estate Investment Trust, Inc. 73,000 $4,288,020
Hilton Worldwide Holdings, Inc. 54,600 $1,220,856
Host Hotels & Resorts, Inc. 286,800 $5,641,356
Kilroy Realty Corp. 82,000 $4,716,640
Liberty Property Trust 74,000 $2,831,240
National Retail Properties, Inc. 43,500 $1,561,215
Piedmont Office Realty Trust, Inc. 46,000 $794,880
Prologis, Inc. 184,700 $7,607,793
Public Storage 43,000 $7,267,000
Ramco-Gershenson Properties Trust 69,500 $1,160,650
Regency Centers Corp. 48,300 $2,452,191
Retail Opportunity Investments Corp. 90,500 $1,342,115
RLJ Lodging Trust 75,800 $1,970,042
Simon Property Group, Inc. 79,800 $12,870,942
Taubman Centers, Inc. 46,700 $3,290,015
The Macerich Co. 70,800 $4,257,204
Ventas, Inc. 83,100 $5,187,933
Vornado Realty Trust 32,900 $3,167,941

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.