Pioneer Real Estate Shares

Top 10 Portfolio Holdings as of 5/30/2014
Default: sorted by market value

Security Name Par / Shares Market Value
Acadia Realty Trust 61,200 $1,688,508
Alexander & Baldwin, Inc. 27,900 $1,057,689
Alexandria Real Estate Equities, Inc. 38,400 $2,921,856
American Assets Trust, Inc. 56,200 $1,927,660
American Campus Communities, Inc. 50,300 $1,953,652
American Homes 4 Rent 49,300 $868,666
American Realty Capital Properties, Inc. 66,300 $822,783
Armada Hoffler Properties, Inc. 34,800 $336,168
AvalonBay Communities, Inc. 52,700 $7,474,968
Aviv Real Estate Investment Trust, Inc. 11,700 $324,675
BioMed Realty Trust, Inc. 122,300 $2,653,910
Boston Properties, Inc. 66,800 $8,061,424
Camden Property Trust 46,300 $3,252,112
CubeSmart 70,800 $1,291,392
DDR Corp. 168,900 $2,923,659
Douglas Emmett, Inc. 62,700 $1,780,053
DuPont Fabros Technology, Inc. 96,200 $2,459,834
Empire State Realty Trust, Inc. 104,500 $1,712,755
EPR Properties 59,500 $3,208,240
Equity Lifestyle Properties, Inc. 55,500 $2,427,570
Equity Residential 152,300 $9,412,140
Essex Property Trust, Inc. 9,667 $1,749,340
Extra Space Storage, Inc. 68,400 $3,580,740
Federal Realty Investment Trust 37,600 $4,493,952
First Potomac Realty Trust 33,940 $443,935
Forest City Enterprises, Inc. 125,500 $2,388,265
Gramercy Property Trust, Inc. 18,900 $110,943
HCP, Inc. 145,900 $6,091,325
Health Care Real Estate Investment Trust, Inc. 85,100 $5,380,873
Hilton Worldwide Holdings, Inc. 58,600 $1,325,532
Host Hotels & Resorts, Inc. 304,000 $6,709,280
Kilroy Realty Corp. 88,200 $5,343,156
Liberty Property Trust 79,600 $3,081,316
National Retail Properties, Inc. 46,600 $1,630,068
Piedmont Office Realty Trust, Inc. 49,500 $921,690
Prologis, Inc. 198,900 $8,256,339
Public Storage 44,900 $7,739,862
Ramco-Gershenson Properties Trust 74,800 $1,241,680
Regency Centers Corp. 51,900 $2,771,460
Retail Opportunity Investments Corp. 97,400 $1,538,920
Rexford Industrial Realty, Inc. 24,700 $345,306
RLJ Lodging Trust 84,500 $2,341,495
Simon Property Group, Inc. 79,800 $13,283,508
Taubman Centers, Inc. 52,800 $3,954,720
The Macerich Co. 78,600 $5,190,744
Ventas, Inc. 87,900 $5,871,720
Vornado Realty Trust 34,200 $3,662,136
Washington Prime Group Inc 31,600 $628,524

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.