| Name of securities | Currency | Number or nominal qty | Market value | % Assets Net |
| --- | --- | --- | --- | --- |
| Deutsche Wohnen SE | EUR | 584,953 | 25,556,596.57 | 6.55 |
| TAG Immobilien AG | EUR | 362,631 | 9,392,142.90 | 2.41 |
| Grainger Plc Reg | GBP | 1,326,024 | 4,200,867.65 | 1.08 |
| Orpea SA | EUR | 43,700 | 4,699,935.00 | 1.20 |
| Unite Group Plc Reg | GBP | 266,389 | 3,109,667.59 | 0.80 |
| Montea SCA Dist | EUR | 73,386 | 6,832,236.60 | 1.75 |
| Aedifica SICAFI Dist | EUR | 166,562 | 16,373,044.60 | 4.19 |
| Argan Dist | EUR | 76,033 | 6,356,358.80 | 1.63 |
| Covivio SA Dist | EUR | 229,318 | 17,279,111.30 | 4.43 |
| Gecina Reg | EUR | 163,074 | 20,596,246.20 | 5.28 |
| Klépierre Dist | EUR | 924,804 | 17,007,145.56 | 4.36 |
| alstria office REIT-AG | EUR | 842,544 | 12,469,651.20 | 3.19 |
| Icade SA | EUR | 61,249 | 3,852,562.10 | 0.99 |
| Inmobiliaria Colo SOCIMI SA Dist | EUR | 714,887 | 5,736,968.18 | 1.47 |
| Altarea | EUR | 26,378 | 3,782,605.20 | 0.97 |
| VGP SA | EUR | 40,484 | 4,963,338.40 | 1.27 |
| Segro Plc | GBP | 507,125 | 5,368,110.68 | 1.38 |
| Grand City Properties SA | EUR | 282,160 | 5,914,073.60 | 1.52 |
| Bright Horizons Family Sol Inc Reg | USD | 26,238 | 3,709,473.37 | 0.95 |
| LEG Immobilien AG Reg | EUR | 254,318 | 32,313,645.08 | 8.24 |
| Vonovia SE | EUR | 524,740 | 31,358,462.40 | 8.03 |
| Care Property Invest SA Dist | EUR | 103,891 | 2,794,667.90 | 0.72 |
| Store Capital Corp Reg | USD | 193,337 | 5,369,067.72 | 1.38 |
| Equinix Inc REIT | USD | 5,382 | 3,141,318.05 | 0.80 |
| Cellnex Telecom SA | EUR | 97,569 | 4,792,589.28 | 1.23 |
| ADLER Group SA | EUR | 161,255 | 4,676,395.00 | 1.20 |
| Scout24 AG | EUR | 38,338 | 2,570,562.90 | 0.66 |
| Xior Student Housing NV | EUR | 151,397 | 7,433,592.70 | 1.90 |
| Aroundtown SA Bearer | EUR | 3,108,528 | 19,024,191.36 | 4.87 |
| Unibail-Rodamco-Westf +1 Sh WFD Unib R | EUR | 426,533 | 27,545,501.14 | 7.06 |
| Kojamo Plc Reg | EUR | 907,489 | 16,425,550.90 | 4.21 |
| Instone Real Estate Group AG Bearer | EUR | 337,840 | 7,094,640.00 | 1.82 |
| Shurgard Self Storage Eu Sàrl Reg | EUR | 129,268 | 4,589,014.00 | 1.18 |
| Warehouses De Pauw NV Reg | EUR | 625,454 | 17,675,330.04 | 4.53 |
| Cofinimmo Dist | EUR | 94,693 | 11,533,607.40 | 2.95 |
| CA-Immobilien-Anlagen AG | EUR | 343,125 | 10,756,968.75 | 2.76 |
| Société Foncière Lyonnaise SA | EUR | 16,762 | 1,082,825.20 | 0.28 |
| TOTAL Equities and similar securities traded on a regulated or similar market (except | 387,378,065.32 | 99.24 |
| Warrants and subscription certificates) |  |  |
| TOTAL Equities and similar securities traded on a regulated market | 387,378,065.32 | 99.24 |
| TOTAL Equities and equivalent securities | 387,378,065.32 | 99.24 |
| Grainger Plc Reg | GBP | 1,326,024 | 53,918.04 | 0.01 |
| Aedifica SICAFI Dist | EUR | 158,005 | 138,333.38 | 0.04 |
| Store Capital Corp Reg | USD | 193,337 | 48,350.05 | 0.01 |
| Xior Student Housing NV | EUR | 277,292 | 126,365.93 | 0.03 |
| Aroundtown SA Bearer | EUR | 3,668,227 | 436,519.01 | 0.11 |
| TOTAL Coupons and dividends | 803,486.41 | 0.20 |
| Misc. creditors S/R EUR | EUR | -223,278.93 | -223,278.93 | -0.06 |

Translation (ENFR, 2020-12-31):
| Désignation des valeurs | Devise | Qté Nbre ou nominal | Valeur boursière | % Actif Net |
| --- | --- | --- | --- | --- |
| Deutsche Wohnen SE | EUR | 584 953 | 25 556 596,57 | 6,55 |
| TAG Immobilien AG | EUR | 362 631 | 9 392 142,90 | 2,41 |
| Grainger Plc Reg | GBP | 1 326 024 | 4 200 867,65 | 1,08 |
| Orpea SA | EUR | 43 700 | 4 699 935,00 | 1,20 |
| Unite Group Plc Reg | GBP | 266 389 | 3 109 667,59 | 0,80 |
| Montea SCA Dist | EUR | 73 386 | 6 832 236,60 | 1,75 |
| Aedifica SICAFI Dist | EUR | 166 562 | 16 373 044,60 | 4,19 |
| Argan Dist | EUR | 76 033 | 6 356 358,80 | 1,63 |
| Covivio SA Dist | EUR | 229 318 | 17 279 111,30 | 4,43 |
| Gecina Reg | EUR | 163 074 | 20 596 246,20 | 5,28 |
| Klepierre Dist | EUR | 924 804 | 17 007 145,56 | 4,36 |
| alstria office REIT-AG | EUR | 842 544 | 12 469 651,20 | 3,19 |
| Icade SA | EUR | 61 249 | 3 852 562,10 | 0,99 |
| Inmobiliaria Colo SOCIMI SA Dist | EUR | 714 887 | 5 736 968,18 | 1,47 |
| Altarea | EUR | 26 378 | 3 782 605,20 | 0,97 |
| VGP SA | EUR | 40 484 | 4 963 338,40 | 1,27 |
| Segro Plc | GBP | 507 125 | 5 368 110,68 | 1,38 |
| Grand City Properties SA | EUR | 282 160 | 5 914 073,60 | 1,52 |
| Bright Horizons Family Sol Inc Reg | USD | 26 238 | 3 709 473,37 | 0,95 |
| LEG Immobilien AG Reg | EUR | 254 318 | 32 313 645,08 | 8,24 |
| Vonovia SE | EUR | 524 740 | 31 358 462,40 | 8,03 |
| Care Property Invest SA Dist | EUR | 103 891 | 2 794 667,90 | 0,72 |
| Store Capital Corp Reg | USD | 193 337 | 5 369 067,72 | 1,38 |
| Equinix Inc REIT | USD | 5 382 | 3 141 318,05 | 0,80 |
| Cellnex Telecom SA | EUR | 97 569 | 4 792 589,28 | 1,23 |
| ADLER Group SA | EUR | 161 255 | 4 676 395,00 | 1,20 |
| Scout24 AG | EUR | 38 338 | 2 570 562,90 | 0,66 |
| Xior Student Housing NV | EUR | 151 397 | 7 433 592,70 | 1,90 |
| Aroundtown SA Bearer | EUR | 3 108 528 | 19 024 191,36 | 4,87 |
| Unibail-Rodamco-Westf +1 Sh WFD Unib R | EUR | 426 533 | 27 545 501,14 | 7,06 |
| Kojamo Plc Reg | EUR | 907 489 | 16 425 550,90 | 4,21 |
| Instone Real Estate Group AG Bearer | EUR | 337 840 | 7 094 640,00 | 1,82 |
| Shurgard Self Storage Eu Sàrl Reg | EUR | 129 268 | 4 589 014,00 | 1,18 |
| Warehouses De Pauw NV Reg | EUR | 625 454 | 17 675 330,04 | 4,53 |
| Cofinimmo Dist | EUR | 94 693 | 11 533 607,40 | 2,95 |
| CA-Immobilien-Anlagen AG | EUR | 343 125 | 10 756 968,75 | 2,76 |
| Société Foncière Lyonnaise SA | EUR | 16 762 | 1 082 825,20 | 0,28 |
| TOTAL Actions et valeurs assimilées négociées sur un marché régl. ou ass.(sauf Warrant et 387 378 065,32 | 99,24 |
| Bons de sous) |  |
| TOTAL Actions et valeurs assimilées négociées sur un marché regl. |  | 387 378 065,32 | 99,24 |
| TOTAL Actions & Valeurs assimilées |  | 387 378 065,32 | 99,24 |
| Grainger Plc Reg | GBP | 1 326 024 | 53 918,04 | 0,01 |
| Aedifica SICAFI Dist | EUR | 158 005 | 138 333,38 | 0,04 |
| Store Capital Corp Reg | USD | 193 337 | 48 350,05 | 0,01 |
| Xior Student Housing NV | EUR | 277 292 | 126 365,93 | 0,03 |
| Aroundtown SA Bearer | EUR | 3 668 227 | 436 519,01 | 0,11 |
| TOTAL Coupons et dividendes |  | 803 486,41 | 0,20 |
| CdtDiv S/R EUR | EUR | -223 278,93 | -223 278,93 | -0,06 |