Pioneer Real Estate Shares

Top 10 Portfolio Holdings as of 7/31/2015
Default: sorted by market value

Security Name Par / Shares Market Value
Acadia Realty Trust 81,500 $2,606,370
Alexander & Baldwin, Inc. 45,100 $1,702,525
American Assets Trust, Inc. 58,900 $2,451,418
American Campus Communities, Inc. 54,100 $2,019,012
American Homes 4 Rent 46,600 $771,230
AvalonBay Communities, Inc. 45,000 $7,755,300
BioMed Realty Trust, Inc. 117,900 $2,539,566
Boston Properties, Inc. 65,500 $8,074,840
Camden Property Trust 46,000 $3,662,980
Chatham Lodging Trust 66,300 $1,791,426
CubeSmart 121,700 $3,183,672
DDR Corp. 176,600 $2,878,580
Douglas Emmett, Inc. 57,300 $1,679,463
DuPont Fabros Technology, Inc. 93,900 $2,831,085
Empire State Realty Trust, Inc. 98,600 $1,753,108
Equity LifeStyle Properties, Inc. 47,900 $2,772,452
Equity Residential 135,100 $10,106,831
Extended Stay America, Inc. 85,600 $1,626,400
Extra Space Storage, Inc. 27,100 $1,992,392
Federal Realty Investment Trust 33,000 $4,514,070
Forest City Enterprises, Inc. 139,800 $3,264,330
Gramercy Property Trust, Inc. 87,950 $2,151,257
HCP, Inc. 131,600 $5,085,024
Health Care Real Estate Investment Trust, Inc. 86,900 $6,028,253
Hilton Worldwide Holdings, Inc. 78,100 $2,096,985
Host Hotels & Resorts, Inc. 172,100 $3,335,298
Kilroy Realty Corp. 15,300 $1,084,005
Liberty Property Trust 24,000 $816,720
National Retail Properties, Inc. 43,700 $1,624,329
Paramount Group, Inc. 156,300 $2,793,081
Piedmont Office Realty Trust, Inc. 173,000 $3,150,330
Prologis, Inc. 190,200 $7,724,022
Public Storage 40,400 $8,289,272
Retail Opportunity Investments Corp. 93,200 $1,598,380
Rexford Industrial Realty, Inc. 129,600 $1,888,272
RLJ Lodging Trust 79,400 $2,368,502
Simon Property Group, Inc. 78,200 $14,640,604
STORE Capital Corp. 62,318 $1,308,678
Tanger Factory Outlet Centers, Inc. 57,400 $1,864,352
Taubman Centers, Inc. 95,100 $7,113,480
The Macerich Co. 33,300 $2,636,028
Ventas, Inc. 70,700 $4,743,263
Vornado Realty Trust 17,500 $1,707,125

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.