Pioneer Real Estate Shares
Data updated: 2023-05-22
C000027664 — Pioneer Real Estate Shares. Emerging Markets Real Estate · $48.76M AUM · 1.20% expense ratio. Holdings, fees, performance and SEC filings.
C000027664 Fund Overview
Pioneer Real Estate Shares is a US mutual fund managed by Pioneer Real Estate Shares, categorised as Emerging Markets Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Pioneer Real Estate Shares
- Category: Emerging Markets Real Estate
- Assets under management: $48.76M
- 1-year return: -23.1%
- SEC CIK: 0000908996
- SEC series ID: S000010000
- Share class ID: C000027664
C000027664 Investment Objective and Strategy
Pioneer Real Estate Shares describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Pioneer Real Estate Shares.
Investment objective
Long-term growth of capital.
Principal investment strategy
"Normally, the fund invests at least 80% of its total assets in equity securities of real estate investment trusts (REITs) and other real estate industry issuers. The fund may at times emphasize particular sub-sectors of the real estate industry. For purposes of the fund's investment policies, equity securities include common stocks and other equity instruments, such as funds that invest primarily in equity securities, warrants, rights, and preferred stocks. The fund may invest up to 20% of its total assets in debt securities of real estate industry issuers, mortgage-backed securities and short-term investments. The fund may invest up to 5% of its net assets in below investment grade debt securities (known as ""junk bonds""), including below investment grade convertible debt securities. The fund may invest up to 25% of its total assets in securities of non-U.S.
issuers. Up to 10% of the fund's total assets may be invested in the securities of emerging markets issuers. The fund may, but is not required to, use derivatives. The fund may use derivatives, such as options and futures, for a variety of purposes, including; in an attempt to hedge against adverse changes in the market price of securities, interest rates or currency exchange rates; as a substitute for purchasing or selling securities; to attempt to increase the fund's return as a non-hedging strategy that may be considered speculative; to manage portfolio characteristics: and as a cash flow management technique. The fund may choose not to make use of derivatives for a variety of reasons, and any use may be limited by applicable law and regulations. The fund also may hold cash or other short-term investments.
The fund may invest in fewer than 40 securities. The fund may invest in initial public offerings of equity securities. The fund uses a ""growth at a reasonable price"" style of management. The adviser seeks to invest in companies with above average potential for earnings and revenue growth that are also trading at attractive market valuations. To select stocks, the adviser employs fundamental and qualitative research and an evaluation of the issuer based on its financial statements and operations. The adviser focuses on the quality and price of individual issuers and securities. The adviser generally sells a portfolio security when it believes that the issuer no longer offers the potential for above average earnings and revenue growth."
C000027664 Performance
Total returns for C000027664 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -23.1% |
| 3 years (annualised) | 6.7% |
C000027664 Risk Information
Risk metrics for C000027664, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 23.8%
C000027664 Costs and Fees
C000027664 costs about $120 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.20%
- Gross expense ratio: 1.29%
- Portfolio turnover: 105%
- Brokerage commissions: 17.40 bps of average net assets (SEC N-CEN)
C000027664 Cashflows
Over the 12 months to 2023-03, Pioneer Real Estate Shares had net inflows of $18.36M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-03 | $4.94M |
| 2023-02 | $902.12K |
| 2023-01 | $843.47K |
| 2022-12 | $2.21M |
| 2022-11 | $2.49M |
| 2022-10 | $687.53K |
C000027664 Debt Constituents
No individual debt constituents are reported in Pioneer Real Estate Shares's latest SEC N-PORT filing.
C000027664 Prospectus and SEC Filings
Official Pioneer Real Estate Shares filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-04-27
- Prospectus (485BPOS) — filed 2021-04-28
- Prospectus (485BPOS) — filed 2020-05-04
- Portfolio holdings (N-PORT) — filed 2023-05-22
- Portfolio holdings (N-PORT) — filed 2023-02-23
- Portfolio holdings (N-PORT) — filed 2022-11-22
- Annual census (N-CEN) — filed 2023-03-16
- Annual census (N-CEN) — filed 2022-03-11
Related Funds
Other Emerging Markets Real Estate funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.