Pioneer Real
Estate Shares
Estate Shares
Schedule of Investments | March 31, 2022
A: PWREX | C: PCREX | Y: PYREX |
Schedule of Investments | 3/31/22
(unaudited)
Shares | Value | |||||
UNAFFILIATED ISSUERS — 100.3% | ||||||
Common Stocks — 96.5% of Net Assets | ||||||
Equity Real Estate Investment Trusts (REITs) — 93.3% | ||||||
10,334 | American Assets Trust, Inc. | $ 391,555 | ||||
12,192 | Apartment Income REIT Corp. | 651,784 | ||||
85,921 | Apple Hospitality REIT, Inc. | 1,544,000 | ||||
9,809 | AvalonBay Communities, Inc. | 2,436,261 | ||||
10,994 | Boston Properties, Inc. | 1,416,027 | ||||
92,794 | Brixmor Property Group, Inc. | 2,395,013 | ||||
14,034 | Camden Property Trust | 2,332,451 | ||||
4,147 | Centerspace | 406,904 | ||||
18,452 | EastGroup Properties, Inc. | 3,750,923 | ||||
13,045 | EPR Properties | 713,692 | ||||
2,503 | Equinix, Inc. | 1,856,275 | ||||
22,905(a) | Equity Commonwealth | 646,150 | ||||
16,771 | Extra Space Storage, Inc. | 3,448,118 | ||||
7,787 | First Industrial Realty Trust, Inc. | 482,093 | ||||
31,607 | Gaming and Leisure Properties, Inc. | 1,483,317 | ||||
26,325 | Gladstone Land Corp. | 958,757 | ||||
30,902 | Global Net Lease, Inc. | 486,088 | ||||
18,404 | Healthcare Trust of America, Inc., Class A | 576,781 | ||||
57,865 | Independence Realty Trust, Inc. | 1,529,951 | ||||
38,499 | Invitation Homes, Inc. | 1,546,890 | ||||
21,511 | Iron Mountain, Inc. | 1,191,925 | ||||
31,643 | Kilroy Realty Corp. | 2,418,158 | ||||
104,258 | Kimco Realty Corp. | 2,575,173 | ||||
35,751 | Kite Realty Group Trust | 814,050 | ||||
16,196 | Life Storage, Inc. | 2,274,404 | ||||
14,338 | MGM Growth Properties LLC, Class A | 554,881 | ||||
14,830 | Mid-America Apartment Communities, Inc. | 3,106,143 | ||||
47,095 | National Storage Affiliates Trust | 2,955,682 | ||||
22,971 | NexPoint Residential Trust, Inc. | 2,074,511 | ||||
48,099 | Prologis, Inc. | 7,767,027 | ||||
8,151 | Public Storage | 3,181,172 | ||||
36,293 | Rexford Industrial Realty, Inc. | 2,707,095 | ||||
31,811 | RPT Realty | 438,037 | ||||
6,259(a) | Ryman Hospitality Properties, Inc. | 580,647 | ||||
16,571 | Sabra Health Care REIT, Inc. | 246,742 | ||||
11,506 | Simon Property Group, Inc. | 1,513,729 | ||||
6,550 | Sun Communities, Inc. | 1,148,150 | ||||
49,334 | UDR, Inc. | 2,830,292 | ||||
32,728 | Ventas, Inc. | 2,021,281 | ||||
37,186 | Welltower, Inc. | 3,575,062 | ||||
Total Equity Real Estate Investment Trusts (REITs) | $73,027,191 |
1Pioneer Real Estate Shares | | 3/31/22
Shares | Value | |||||
Hotels, Restaurants & Leisure — 1.6% | ||||||
1,972(a) | Airbnb, Inc., Class A | $ 338,711 | ||||
6,799 | Choice Hotels International, Inc. | 963,826 | ||||
Total Hotels, Restaurants & Leisure | $1,302,537 | |||||
Real Estate Management & Development — 1.6% | ||||||
8,045(a) | Howard Hughes Corp. | $ 833,542 | ||||
25,626 | Newmark Group, Inc., Class A | 407,966 | ||||
Total Real Estate Management & Development | $1,241,508 | |||||
Total Common Stocks (Cost $54,129,516) | $75,571,236 | |||||
SHORT TERM INVESTMENTS — 3.8% of Net Assets | ||||||
Open-End Fund — 3.8% | ||||||
2,943,981(b) | Dreyfus Government Cash Management, Institutional Shares, 0.19% | $ 2,943,981 | ||||
$2,943,981 | ||||||
TOTAL SHORT TERM INVESTMENTS (Cost $2,943,981) | $2,943,981 | |||||
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 100.3% (Cost $57,073,497) | $78,515,217 | |||||
OTHER ASSETS AND LIABILITIES — (0.3)% | $(235,865) | |||||
net assets — 100.0% | $78,279,352 |
REIT | Real Estate Investment Trust. |
(a) | Non-income producing security. |
(b) | Rate periodically changes. Rate disclosed is the 7-day yield at March 31, 2022. |
Pioneer Real Estate Shares | | 3/31/222
Schedule of Investments | 3/31/22
(unaudited) (continued)
Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels below.
Level 1 | – | unadjusted quoted prices in active markets for identical securities. |
Level 2 | – | other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
Level 3 | – | significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments). |
The following is a summary of the inputs used as of March 31, 2022, in valuing the Fund's investments:
Level 1 | Level 2 | Level 3 | Total | |
Common Stocks | $75,571,236 | $— | $— | $75,571,236 |
Open-End Fund | 2,943,981 | — | — | 2,943,981 |
Total Investments in Securities | $78,515,217 | $— | $— | $78,515,217 |
During the period ended March 31, 2022, there were no transfers in or out of Level 3.
3Pioneer Real Estate Shares | | 3/31/22