Pioneer Real Estate Shares

Top 10 Portfolio Holdings as of 3/31/2016
Default: sorted by market value

Security Name Par / Shares Market Value
Acadia Realty Trust 79,500 $2,792,835
Alexander & Baldwin, Inc. 55,700 $2,043,076
American Assets Trust, Inc. 69,100 $2,758,472
American Campus Communities, Inc. 56,300 $2,651,167
American Homes 4 Rent 98,500 $1,566,150
AvalonBay Communities, Inc. 44,600 $8,482,920
Boston Properties, Inc. 65,000 $8,260,200
Camden Property Trust 56,700 $4,767,903
Chatham Lodging Trust 76,800 $1,645,824
CubeSmart 152,300 $5,071,590
DDR Corp. 155,700 $2,769,903
Douglas Emmett, Inc. 61,900 $1,863,809
DuPont Fabros Technology, Inc. 108,600 $4,401,558
Empire State Realty Trust, Inc. 115,700 $2,028,221
Equity LifeStyle Properties, Inc. 43,100 $3,134,663
Equity Residential 130,000 $9,753,900
Extended Stay America, Inc. 139,700 $2,277,110
Federal Realty Investment Trust 28,600 $4,463,030
Forest City Enterprises LP 164,500 $3,469,305
Gramercy Property Trust 408,900 $3,455,205
Hilton Worldwide Holdings, Inc. 95,900 $2,159,668
Host Hotels & Resorts, Inc. 186,500 $3,114,550
Paramount Group, Inc. 171,700 $2,738,615
Piedmont Office Realty Trust, Inc. 236,200 $4,797,222
Prologis, Inc. 184,700 $8,160,046
Public Storage 39,000 $10,757,370
Retail Opportunity Investments Corp. 92,800 $1,867,136
Rexford Industrial Realty, Inc. 162,400 $2,949,184
RLJ Lodging Trust 85,700 $1,960,816
Simon Property Group, Inc. 77,800 $16,158,282
STORE Capital Corp. 86,200 $2,230,856
Tanger Factory Outlet Centers, Inc. 75,700 $2,754,723
Taubman Centers, Inc. 90,900 $6,474,807
The Macerich Co. 37,100 $2,939,804
Ventas, Inc. 122,900 $7,737,784
Vornado Realty Trust 15,800 $1,491,994
Welltower, Inc. 111,000 $7,696,740

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.