Pioneer Real Estate Shares

Top 10 Portfolio Holdings as of 12/31/2014
Default: sorted by market value

Security Name Par / Shares Market Value
Acadia Realty Trust 78,400 $2,511,152
Alexander & Baldwin, Inc. 41,800 $1,641,068
American Assets Trust, Inc. 61,000 $2,428,410
American Campus Communities, Inc. 56,100 $2,320,296
American Homes 4 Rent 48,600 $827,658
AvalonBay Communities, Inc. 53,000 $8,659,670
BioMed Realty Trust, Inc. 124,100 $2,673,114
Boston Properties, Inc. 66,500 $8,557,885
Camden Property Trust 44,600 $3,293,264
Chatham Lodging Trust 42,100 $1,219,637
CubeSmart 89,200 $1,968,644
DDR Corp. 182,300 $3,347,028
Douglas Emmett, Inc. 61,200 $1,738,080
DuPont Fabros Technology, Inc. 91,000 $3,024,840
Empire State Realty Trust, Inc. 101,800 $1,789,644
Equity LifeStyle Properties, Inc. 53,200 $2,742,460
Equity Residential 142,800 $10,258,752
Extended Stay America, Inc. 98,300 $1,898,173
Extra Space Storage, Inc. 63,000 $3,694,320
Federal Realty Investment Trust 34,500 $4,604,370
Forest City Enterprises, Inc. 130,000 $2,769,000
Gramercy Property Trust, Inc. 360,100 $2,484,690
HCP, Inc. 140,000 $6,164,200
Health Care Real Estate Investment Trust, Inc. 87,200 $6,598,424
Hilton Worldwide Holdings, Inc. 85,100 $2,220,259
Host Hotels & Resorts, Inc. 188,300 $4,475,891
Kilroy Realty Corp. 83,000 $5,732,810
Liberty Property Trust 64,400 $2,423,372
National Retail Properties, Inc. 47,900 $1,885,823
Paramount Group, Inc. 40,300 $749,177
Piedmont Office Realty Trust, Inc. 167,800 $3,161,352
Prologis, Inc. 190,000 $8,175,700
Public Storage 45,700 $8,447,645
Ramco-Gershenson Properties Trust 71,600 $1,341,784
Retail Opportunity Investments Corp. 96,100 $1,613,519
Rexford Industrial Realty, Inc. 106,600 $1,674,686
RLJ Lodging Trust 87,200 $2,923,816
Simon Property Group, Inc. 78,200 $14,241,002
STORE Capital Corp. 47,200 $1,019,992
Taubman Centers, Inc. 75,000 $5,731,500
The Macerich Co. 50,100 $4,178,841
Ventas, Inc. 76,700 $5,499,390
Vornado Realty Trust 23,000 $2,707,330

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.