Pioneer Real Estate Shares

Top 10 Portfolio Holdings as of 2/27/2015
Default: sorted by market value

Security Name Par / Shares Market Value
Acadia Realty Trust 80,000 $2,732,800
Alexander & Baldwin, Inc. 47,000 $1,900,210
American Assets Trust, Inc. 62,100 $2,547,342
American Campus Communities, Inc. 56,800 $2,344,136
American Homes 4 Rent 49,200 $821,148
AvalonBay Communities, Inc. 53,000 $8,922,020
BioMed Realty Trust, Inc. 125,900 $2,800,016
Boston Properties, Inc. 66,500 $9,137,765
Camden Property Trust 50,000 $3,639,500
Chatham Lodging Trust 60,300 $1,749,906
CubeSmart 94,000 $2,180,800
DDR Corp. 189,300 $3,585,342
Douglas Emmett, Inc. 62,000 $1,789,940
DuPont Fabros Technology, Inc. 101,300 $3,171,703
Easterly Government Properties Inc 27,500 $442,750
Empire State Realty Trust, Inc. 104,200 $1,844,340
Equity LifeStyle Properties, Inc. 53,900 $2,903,593
Equity Residential 142,800 $10,999,884
Extended Stay America, Inc. 91,100 $1,758,230
Extra Space Storage, Inc. 63,000 $4,144,140
Federal Realty Investment Trust 35,500 $5,042,065
Forest City Enterprises, Inc. 132,000 $3,333,000
Gramercy Property Trust, Inc. 360,100 $2,538,705
HCP, Inc. 142,000 $6,015,120
Health Care Real Estate Investment Trust, Inc. 91,500 $7,055,565
Hilton Worldwide Holdings, Inc. 74,100 $2,094,807
Host Hotels & Resorts, Inc. 191,100 $4,013,100
Kilroy Realty Corp. 69,200 $5,118,724
Liberty Property Trust 69,000 $2,568,180
National Retail Properties, Inc. 50,000 $2,012,000
Paramount Group, Inc. 67,100 $1,231,285
Piedmont Office Realty Trust, Inc. 170,200 $3,119,766
Prologis, Inc. 201,000 $8,584,710
Public Storage 45,400 $8,953,788
Ramco-Gershenson Properties Trust 73,500 $1,375,920
Retail Opportunity Investments Corp. 97,400 $1,631,450
Rexford Industrial Realty, Inc. 125,400 $2,011,416
RLJ Lodging Trust 88,400 $2,812,004
Simon Property Group, Inc. 78,200 $14,886,152
STORE Capital Corp. 50,818 $1,150,520
Taubman Centers, Inc. 82,000 $5,931,880
The Macerich Co. 50,100 $4,190,865
Ventas, Inc. 77,800 $5,793,766
Vornado Realty Trust 23,000 $2,530,920

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.