# EDGAR Filing Document

**Accession Number:** 0001472190
**File Stem:** 0001472190-23-000001
**Filing Date:** 2023-2
**Character Count:** 40861
**Document Hash:** 3f232565f7ca2b991d2246d129fcc6d3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001472190-23-000001.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001472190-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PGGM Investments
- **CENTRAL INDEX KEY:** 0001472190
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** P7
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13635
- **FILM NUMBER:** 23614504

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 117
- **CITY:** ZEIST
- **STATE:** P7
- **ZIP:** 3700 AC
- **BUSINESS PHONE:** 0031302779479

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 117
- **CITY:** ZEIST
- **STATE:** P7
- **ZIP:** 3700 AC

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** PGGM Investments<br>**Address:** PO BOX 117<br>ZEIST, P7 3700 AC

**Form 13F File Number:** 028-13635

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Peter Mullink<br>**Title:** Directeur Compliance<br>**Phone:** 0031651684935

**Signature, Place, and Date of Signing:**

Peter Mullink  Zeist, P7  02-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 378

**Form 13F Information Table Value Total:** $5712850

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALLEGION PLC ORD SHS | SHS | G0176J109 |  | 6999 | 66497 | SH |  | SOLE | 0 | 66497 | 0 | 0 |
| AMDOCS LTD SHS | SHS | G02602103 |  | 13264 | 145922 | SH |  | SOLE | 0 | 145922 | 0 | 0 |
| AON PLC SHS CL A | CLASS A | G0403H108 |  | 6388 | 21283 | SH |  | SOLE | 0 | 21283 | 0 | 0 |
| ARCH CAP GROUP LTD ORD | ORD | G0450A105 |  | 6717 | 106985 | SH |  | SOLE | 0 | 106985 | 0 | 0 |
| ACCENTURE PLC IRELAND SHS CLASS A | CLASS A | G1151C101 |  | 6696 | 25093 | SH |  | SOLE | 0 | 25093 | 0 | 0 |
| CREDICORP LTD COM | COM | G2519Y108 |  | 2680 | 19756 | SH |  | SOLE | 0 | 19756 | 0 | 0 |
| COCA-COLA EUROPACIFIC PARTNE SHS | SHS | G25839104 |  | 10589 | 191412 | SH |  | SOLE | 0 | 191412 | 0 | 0 |
| EATON CORP PLC SHS | SHS | G29183103 |  | 661 | 4211 | SH |  | SOLE | 0 | 4211 | 0 | 0 |
| EVEREST RE GROUP LTD COM | COM | G3223R108 |  | 4965 | 14987 | SH |  | SOLE | 0 | 14987 | 0 | 0 |
| ICON PLC SHS | SHS | G4705A100 |  | 435 | 2241 | SH |  | SOLE | 0 | 2241 | 0 | 0 |
| JOHNSON CTLS INTL PLC SHS | SHS | G51502105 |  | 1011 | 15798 | SH |  | SOLE | 0 | 15798 | 0 | 0 |
| LIBERTY GLOBAL PLC SHS CL C | CLASS C | G5480U120 |  | 2335 | 120178 | SH |  | SOLE | 0 | 120178 | 0 | 0 |
| LINDE PLC SHS | SHS | G5494J103 |  | 6314 | 19358 | SH |  | SOLE | 0 | 19358 | 0 | 0 |
| MEDTRONIC PLC SHS | SHS | G5960L103 |  | 74367 | 956861 | SH |  | SOLE | 0 | 956861 | 0 | 0 |
| PENTAIR PLC SHS | SHS | G7S00T104 |  | 22026 | 489679 | SH |  | SOLE | 0 | 489679 | 0 | 0 |
| ROYALTY PHARMA PLC SHS CLASS A | CLASS A | G7709Q104 |  | 4313 | 109125 | SH |  | SOLE | 0 | 109125 | 0 | 0 |
| TRANE TECHNOLOGIES PLC SHS | SHS | G8994E103 |  | 6949 | 41339 | SH |  | SOLE | 0 | 41339 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD SHS | SHS | G96629103 |  | 4502 | 18407 | SH |  | SOLE | 0 | 18407 | 0 | 0 |
| CHUBB LIMITED COM | COM | H1467J104 |  | 14994 | 67968 | SH |  | SOLE | 0 | 67968 | 0 | 0 |
| GARMIN LTD SHS | SHS | H2906T109 |  | 1374 | 14889 | SH |  | SOLE | 0 | 14889 | 0 | 0 |
| TE CONNECTIVITY LTD SHS | SHS | H84989104 |  | 10507 | 91524 | SH |  | SOLE | 0 | 91524 | 0 | 0 |
| ADECOAGRO S A COM | COM | L00849106 |  | 37305 | 4500000 | SH |  | SOLE | 0 | 4500000 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT ORD | ORD | M22465104 |  | 11142 | 88319 | SH |  | SOLE | 0 | 88319 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N SHS - A - | CLASS A | N53745100 |  | 2819 | 33954 | SH |  | SOLE | 0 | 33954 | 0 | 0 |
| NXP SEMICONDUCTORS N V COM | COM | N6596X109 |  | 7312 | 46269 | SH |  | SOLE | 0 | 46269 | 0 | 0 |
| FLEX LTD ORD | ORD | Y2573F102 |  | 6686 | 311579 | SH |  | SOLE | 0 | 311579 | 0 | 0 |
| AFLAC INC COM | COM | 001055102 |  | 10861 | 150976 | SH |  | SOLE | 0 | 150976 | 0 | 0 |
| ABBOTT LABS COM | COM | 002824100 |  | 30946 | 281868 | SH |  | SOLE | 0 | 281868 | 0 | 0 |
| ABBVIE INC COM | COM | 00287Y109 |  | 5768 | 35688 | SH |  | SOLE | 0 | 35688 | 0 | 0 |
| ACUITY BRANDS INC COM | COM | 00508Y102 |  | 4026 | 24312 | SH |  | SOLE | 0 | 24312 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED COM | COM | 00724F101 |  | 9963 | 29605 | SH |  | SOLE | 0 | 29605 | 0 | 0 |
| ADVANCE AUTO PARTS INC COM | COM | 00751Y106 |  | 971 | 6605 | SH |  | SOLE | 0 | 6605 | 0 | 0 |
| ADVANCED DRAIN SYS INC DEL COM | COM | 00790R104 |  | 10183 | 124226 | SH |  | SOLE | 0 | 124226 | 0 | 0 |
| AGILENT TECHNOLOGIES INC COM | COM | 00846U101 |  | 8588 | 57385 | SH |  | SOLE | 0 | 57385 | 0 | 0 |
| AIRBNB INC COM CL A | CLASS A | 009066101 |  | 253 | 2959 | SH |  | SOLE | 0 | 2959 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC COM | COM | 00971T101 |  | 237 | 2806 | SH |  | SOLE | 0 | 2806 | 0 | 0 |
| ALBEMARLE CORP COM | COM | 012653101 |  | 12545 | 57849 | SH |  | SOLE | 0 | 57849 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN COM | COM | 015271109 |  | 54069 | 371175 | SH |  | SOLE | 0 | 371175 | 0 | 0 |
| ALLY FINL INC COM | COM | 02005N100 |  | 555 | 22681 | SH |  | SOLE | 0 | 22681 | 0 | 0 |
| ALPHABET INC CAP STK CL A | CLASS A | 02079K305 |  | 48594 | 550769 | SH |  | SOLE | 0 | 550769 | 0 | 0 |
| AMAZON COM INC COM | COM | 023135106 |  | 10090 | 120124 | SH |  | SOLE | 0 | 120124 | 0 | 0 |
| AMERICAN EXPRESS CO COM | COM | 025816109 |  | 5432 | 36766 | SH |  | SOLE | 0 | 36766 | 0 | 0 |
| AMERICAN INTL GROUP INC COM NEW | COM | 026874784 |  | 6307 | 99728 | SH |  | SOLE | 0 | 99728 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW COM | COM | 030420103 |  | 21873 | 143502 | SH |  | SOLE | 0 | 143502 | 0 | 0 |
| AMERISOURCEBERGEN CORP COM | COM | 03073E105 |  | 15567 | 93942 | SH |  | SOLE | 0 | 93942 | 0 | 0 |
| AMERIPRISE FINL INC COM | COM | 03076C106 |  | 8360 | 26850 | SH |  | SOLE | 0 | 26850 | 0 | 0 |
| AMETEK INC COM | COM | 031100100 |  | 11950 | 85529 | SH |  | SOLE | 0 | 85529 | 0 | 0 |
| AMGEN INC COM | COM | 031162100 |  | 19712 | 75053 | SH |  | SOLE | 0 | 75053 | 0 | 0 |
| AMPHENOL CORP NEW CL A | CLASS A | 032095101 |  | 8802 | 115603 | SH |  | SOLE | 0 | 115603 | 0 | 0 |
| ANNALY CAPITAL MANAGEMENT IN COM NEW | COM | 035710839 |  | 152 | 7230 | SH |  | SOLE | 0 | 7230 | 0 | 0 |
| ELEVANCE HEALTH INC COM | COM | 036752103 |  | 13477 | 26273 | SH |  | SOLE | 0 | 26273 | 0 | 0 |
| APPLE INC COM | COM | 037833100 |  | 118038 | 908477 | SH |  | SOLE | 0 | 908477 | 0 | 0 |
| APPLIED MATLS INC COM | COM | 038222105 |  | 2686 | 27584 | SH |  | SOLE | 0 | 27584 | 0 | 0 |
| ARAMARK COM | COM | 03852U106 |  | 2162 | 52298 | SH |  | SOLE | 0 | 52298 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO COM | COM | 039483102 |  | 31200 | 336023 | SH |  | SOLE | 0 | 336023 | 0 | 0 |
| ARROW ELECTRS INC COM | COM | 042735100 |  | 6938 | 66350 | SH |  | SOLE | 0 | 66350 | 0 | 0 |
| ASSURANT INC COM | COM | 04621X108 |  | 2306 | 18442 | SH |  | SOLE | 0 | 18442 | 0 | 0 |
| ATLASSIAN CORPORATION CL A ADDED | CLASS A | 049468101 |  | 672 | 5220 | SH |  | SOLE | 0 | 5220 | 0 | 0 |
| ATMOS ENERGY CORP COM | COM | 049560105 |  | 2966 | 26464 | SH |  | SOLE | 0 | 26464 | 0 | 0 |
| AUTODESK INC COM | COM | 052769106 |  | 7034 | 37642 | SH |  | SOLE | 0 | 37642 | 0 | 0 |
| AUTOLIV INC COM | COM | 052800109 |  | 1786 | 23317 | SH |  | SOLE | 0 | 23317 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN COM | COM | 053015103 |  | 10000 | 41865 | SH |  | SOLE | 0 | 41865 | 0 | 0 |
| AUTOZONE INC COM | COM | 053332102 |  | 14220 | 5766 | SH |  | SOLE | 0 | 5766 | 0 | 0 |
| AVALONBAY CMNTYS INC COM | COM | 053484101 |  | 4455 | 27581 | SH |  | SOLE | 0 | 27581 | 0 | 0 |
| AVANGRID INC COM | COM | 05351W103 |  | 2756 | 64132 | SH |  | SOLE | 0 | 64132 | 0 | 0 |
| AVERY DENNISON CORP COM | COM | 053611109 |  | 9345 | 51632 | SH |  | SOLE | 0 | 51632 | 0 | 0 |
| BANK AMERICA CORP COM | COM | 060505104 |  | 9081 | 274188 | SH |  | SOLE | 0 | 274188 | 0 | 0 |
| BANK NEW YORK MELLON CORP COM | COM | 064058100 |  | 1401 | 30786 | SH |  | SOLE | 0 | 30786 | 0 | 0 |
| BATH BODY WORKS INC COM | COM | 070830104 |  | 878 | 20831 | SH |  | SOLE | 0 | 20831 | 0 | 0 |
| BECTON DICKINSON CO COM | COM | 075887109 |  | 2053 | 8074 | SH |  | SOLE | 0 | 8074 | 0 | 0 |
| BERKLEY W R CORP COM | COM | 084423102 |  | 4737 | 65280 | SH |  | SOLE | 0 | 65280 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | COM | 084670702 |  | 4326 | 14004 | SH |  | SOLE | 0 | 14004 | 0 | 0 |
| BEST BUY INC COM | COM | 086516101 |  | 1517 | 18913 | SH |  | SOLE | 0 | 18913 | 0 | 0 |
| BIO-TECHNE CORP COM | COM | 09073M104 |  | 249 | 3008 | SH |  | SOLE | 0 | 3008 | 0 | 0 |
| BLOCK H R INC COM | COM | 093671105 |  | 2609 | 71448 | SH |  | SOLE | 0 | 71448 | 0 | 0 |
| BOOKING HOLDINGS INC COM | COM | 09857L108 |  | 16951 | 8411 | SH |  | SOLE | 0 | 8411 | 0 | 0 |
| BORGWARNER INC COM | COM | 099724106 |  | 2078 | 51629 | SH |  | SOLE | 0 | 13163 | 0 | 0 |
| BOSTON SCIENTIFIC CORP COM | COM | 101137107 |  | 1815 | 39225 | SH |  | SOLE | 0 | 39225 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO COM | COM | 110122108 |  | 10675 | 148361 | SH |  | SOLE | 0 | 148361 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN COM | COM | 11133T103 |  | 1726 | 12865 | SH |  | SOLE | 0 | 12865 | 0 | 0 |
| BROADCOM INC COM | COM | 11135F101 |  | 1660 | 2969 | SH |  | SOLE | 0 | 2969 | 0 | 0 |
| BROWN FORMAN CORP CL B | CLASS B | 115637209 |  | 6509 | 99096 | SH |  | SOLE | 0 | 99096 | 0 | 0 |
| CBRE GROUP INC CL A | CLASS A | 12504L109 |  | 4995 | 64908 | SH |  | SOLE | 0 | 64908 | 0 | 0 |
| CDW CORP COM | COM | 12514G108 |  | 10443 | 58479 | SH |  | SOLE | 0 | 58479 | 0 | 0 |
| CF INDS HLDGS INC COM | COM | 125269100 |  | 10751 | 126190 | SH |  | SOLE | 0 | 126190 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC COM NEW | COM | 12541W209 |  | 4287 | 46820 | SH |  | SOLE | 0 | 46820 | 0 | 0 |
| CIGNA CORP NEW COM | COM | 125523100 |  | 17829 | 53809 | SH |  | SOLE | 0 | 53809 | 0 | 0 |
| CNA FINL CORP COM | COM | 126117100 |  | 3425 | 81008 | SH |  | SOLE | 0 | 81008 | 0 | 0 |
| CSX CORP COM | COM | 126408103 |  | 5300 | 171064 | SH |  | SOLE | 0 | 171064 | 0 | 0 |
| CVS HEALTH CORP COM | COM | 126650100 |  | 8721 | 93584 | SH |  | SOLE | 0 | 93584 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC COM | COM | 127387108 |  | 5303 | 33013 | SH |  | SOLE | 0 | 33013 | 0 | 0 |
| CAMDEN PPTY TR SH BEN INT | INT | 133131102 |  | 115941 | 1036300 | SH |  | SOLE | 0 | 1036300 | 0 | 0 |
| CAMPBELL SOUP CO COM | COM | 134429109 |  | 712 | 12539 | SH |  | SOLE | 0 | 12539 | 0 | 0 |
| CAPITAL ONE FINL CORP COM | COM | 14040H105 |  | 2098 | 22569 | SH |  | SOLE | 0 | 22569 | 0 | 0 |
| CARDINAL HEALTH INC COM | COM | 14149Y108 |  | 10995 | 143030 | SH |  | SOLE | 0 | 143030 | 0 | 0 |
| CARRIER GLOBAL CORPORATION COM | COM | 14448C104 |  | 4053 | 98262 | SH |  | SOLE | 0 | 98262 | 0 | 0 |
| CATERPILLAR INC COM | COM | 149123101 |  | 6007 | 25075 | SH |  | SOLE | 0 | 25075 | 0 | 0 |
| CELANESE CORP DEL COM | COM | 150870103 |  | 3351 | 32771 | SH |  | SOLE | 0 | 32771 | 0 | 0 |
| CENTENE CORP DEL COM | COM | 15135B101 |  | 5296 | 64583 | SH |  | SOLE | 0 | 64583 | 0 | 0 |
| CENTERPOINT ENERGY INC COM | COM | 15189T107 |  | 906 | 30223 | SH |  | SOLE | 0 | 30223 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N CL A | CLASS A | 16119P108 |  | 686 | 2022 | SH |  | SOLE | 0 | 2022 | 0 | 0 |
| CHENIERE ENERGY INC COM NEW | COM | 16411R208 |  | 7737 | 51594 | SH |  | SOLE | 0 | 51594 | 0 | 0 |
| CHEVRON CORP NEW COM | COM | 166764100 |  | 20652 | 115060 | SH |  | SOLE | 0 | 115060 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC COM | COM | 169656105 |  | 1809 | 1304 | SH |  | SOLE | 0 | 1304 | 0 | 0 |
| CHURCH DWIGHT CO INC COM | COM | 171340102 |  | 2181 | 27061 | SH |  | SOLE | 0 | 27061 | 0 | 0 |
| CISCO SYS INC COM | COM | 17275R102 |  | 9403 | 197367 | SH |  | SOLE | 0 | 197367 | 0 | 0 |
| CINTAS CORP COM | COM | 172908105 |  | 17575 | 38915 | SH |  | SOLE | 0 | 38915 | 0 | 0 |
| CITIGROUP INC COM NEW | COM | 172967424 |  | 7636 | 168818 | SH |  | SOLE | 0 | 168818 | 0 | 0 |
| CITIZENS FINL GROUP INC COM | COM | 174610105 |  | 394 | 10010 | SH |  | SOLE | 0 | 10010 | 0 | 0 |
| COCA COLA CO COM | COM | 191216100 |  | 18529 | 291294 | SH |  | SOLE | 0 | 291294 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO CL A | CLASS A | 192446102 |  | 4621 | 80800 | SH |  | SOLE | 0 | 80800 | 0 | 0 |
| COLGATE PALMOLIVE CO COM | COM | 194162103 |  | 6446 | 81818 | SH |  | SOLE | 0 | 81818 | 0 | 0 |
| COMCAST CORP NEW CL A | CLASS A | 20030N101 |  | 3642 | 104147 | SH |  | SOLE | 0 | 104147 | 0 | 0 |
| COMERICA INC COM | COM | 200340107 |  | 1578 | 23605 | SH |  | SOLE | 0 | 23605 | 0 | 0 |
| COMMERCE BANCSHARES INC COM | COM | 200525103 |  | 6729 | 98854 | SH |  | SOLE | 0 | 98854 | 0 | 0 |
| COMPANHIA DE SANEAMENTO BASI SPONSORED ADR | ADR | 20441A102 |  | 10905 | 1023000 | SH |  | SOLE | 0 | 1023000 | 0 | 0 |
| CONSOLIDATED EDISON INC COM | COM | 209115104 |  | 3508 | 36811 | SH |  | SOLE | 0 | 36811 | 0 | 0 |
| CONSTELLATION BRANDS INC CL A | CLASS A | 21036P108 |  | 8110 | 34993 | SH |  | SOLE | 0 | 34993 | 0 | 0 |
| COPART INC COM | COM | 217204106 |  | 3088 | 50714 | SH |  | SOLE | 0 | 50714 | 0 | 0 |
| CORTEVA INC COM | COM | 22052L104 |  | 50756 | 863486 | SH |  | SOLE | 0 | 863486 | 0 | 0 |
| COSTCO WHSL CORP NEW COM | COM | 22160K105 |  | 2899 | 6351 | SH |  | SOLE | 0 | 6351 | 0 | 0 |
| COUSINS PPTYS INC COM NEW | COM | 222795502 |  | 70514 | 2788223 | SH |  | SOLE | 0 | 2788223 | 0 | 0 |
| CUBESMART COM | COM | 229663109 |  | 115292 | 2864394 | SH |  | SOLE | 0 | 2864394 | 0 | 0 |
| CUMMINS INC COM | COM | 231021106 |  | 8190 | 33803 | SH |  | SOLE | 0 | 33803 | 0 | 0 |
| DANAHER CORPORATION COM | COM | 235851102 |  | 2298 | 8658 | SH |  | SOLE | 0 | 8658 | 0 | 0 |
| DARDEN RESTAURANTS INC COM | COM | 237194105 |  | 1557 | 11256 | SH |  | SOLE | 0 | 11256 | 0 | 0 |
| DARLING INGREDIENTS INC COM | COM | 237266101 |  | 4256 | 68000 | SH |  | SOLE | 0 | 68000 | 0 | 0 |
| DAVITA INC COM | COM | 23918K108 |  | 904 | 12112 | SH |  | SOLE | 0 | 12112 | 0 | 0 |
| DEERE CO COM | COM | 244199105 |  | 2753 | 6420 | SH |  | SOLE | 0 | 6420 | 0 | 0 |
| DELL TECHNOLOGIES INC CL C | CLASS C | 24703L202 |  | 1975 | 49096 | SH |  | SOLE | 0 | 49096 | 0 | 0 |
| DENTSPLY SIRONA INC COM | COM | 24906P109 |  | 817 | 25673 | SH |  | SOLE | 0 | 25673 | 0 | 0 |
| DEVON ENERGY CORP NEW COM | COM | 25179M103 |  | 11511 | 187136 | SH |  | SOLE | 0 | 187136 | 0 | 0 |
| DIAMONDBACK ENERGY INC COM | COM | 25278X109 |  | 9388 | 68639 | SH |  | SOLE | 0 | 68639 | 0 | 0 |
| DIGITAL RLTY TR INC COM | COM | 253868103 |  | 172290 | 1718260 | SH |  | SOLE | 0 | 1718260 | 0 | 0 |
| DISCOVER FINL SVCS COM | COM | 254709108 |  | 4237 | 43310 | SH |  | SOLE | 0 | 43310 | 0 | 0 |
| DOCUSIGN INC COM | COM | 256163106 |  | 989 | 17837 | SH |  | SOLE | 0 | 17837 | 0 | 0 |
| DOMINOS PIZZA INC COM | COM | 25754A201 |  | 5264 | 15197 | SH |  | SOLE | 0 | 15197 | 0 | 0 |
| DOVER CORP COM | COM | 260003108 |  | 10851 | 80134 | SH |  | SOLE | 0 | 80134 | 0 | 0 |
| DOW INC COM | COM | 260557103 |  | 2598 | 51566 | SH |  | SOLE | 0 | 51566 | 0 | 0 |
| DUPONT DE NEMOURS INC COM | COM | 26614N102 |  | 420 | 6124 | SH |  | SOLE | 0 | 6124 | 0 | 0 |
| EOG RES INC COM | COM | 26875P101 |  | 10987 | 84828 | SH |  | SOLE | 0 | 84828 | 0 | 0 |
| EPR PPTYS COM SH BEN INT | INT | 26884U109 |  | 49727 | 1318323 | SH |  | SOLE | 0 | 1318323 | 0 | 0 |
| EASTMAN CHEM CO COM | COM | 277432100 |  | 3388 | 41598 | SH |  | SOLE | 0 | 41598 | 0 | 0 |
| ECOLAB INC COM | COM | 278865100 |  | 4602 | 31618 | SH |  | SOLE | 0 | 31618 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP COM | COM | 28176E108 |  | 459 | 6150 | SH |  | SOLE | 0 | 6150 | 0 | 0 |
| ELECTRONIC ARTS INC COM | COM | 285512109 |  | 3914 | 32038 | SH |  | SOLE | 0 | 32038 | 0 | 0 |
| EMERSON ELEC CO COM | COM | 291011104 |  | 4906 | 51076 | SH |  | SOLE | 0 | 51076 | 0 | 0 |
| EQUINIX INC COM | COM | 29444U700 |  | 98932 | 151035 | SH |  | SOLE | 0 | 151035 | 0 | 0 |
| EQUITABLE HLDGS INC COM | COM | 29452E101 |  | 930 | 32418 | SH |  | SOLE | 0 | 32418 | 0 | 0 |
| EQUITY LIFESTYLE PPTYS INC COM | COM | 29472R108 |  | 2583 | 39987 | SH |  | SOLE | 0 | 39987 | 0 | 0 |
| EQUITY RESIDENTIAL SH BEN INT | INT | 29476L107 |  | 2480 | 42033 | SH |  | SOLE | 0 | 42033 | 0 | 0 |
| ESSENTIAL PPTYS RLTY TR INC COM | COM | 29670E107 |  | 36707 | 1564009 | SH |  | SOLE | 0 | 1564009 | 0 | 0 |
| ESSEX PPTY TR INC COM | COM | 297178105 |  | 135367 | 638766 | SH |  | SOLE | 0 | 638766 | 0 | 0 |
| EVERSOURCE ENERGY COM | COM | 30040W108 |  | 2101 | 25060 | SH |  | SOLE | 0 | 25060 | 0 | 0 |
| F G ANNUITIES LIFE INC COMMON STOCK ADDED | COM | 30190A104 |  | 106 | 5320 | SH |  | SOLE | 0 | 5320 | 0 | 0 |
| EXPEDIA GROUP INC COM NEW | COM | 30212P303 |  | 2866 | 32718 | SH |  | SOLE | 0 | 32718 | 0 | 0 |
| EXPEDITORS INTL WASH INC COM | COM | 302130109 |  | 12837 | 123530 | SH |  | SOLE | 0 | 123530 | 0 | 0 |
| EXTRA SPACE STORAGE INC COM | COM | 30225T102 |  | 1780 | 12095 | SH |  | SOLE | 0 | 12095 | 0 | 0 |
| EXXON MOBIL CORP COM | COM | 30231G102 |  | 293 | 2654 | SH |  | SOLE | 0 | 2654 | 0 | 0 |
| FMC CORP COM NEW | COM | 302491303 |  | 65621 | 525811 | SH |  | SOLE | 0 | 525811 | 0 | 0 |
| META PLATFORMS INC CL A | CLASS A | 30303M102 |  | 917 | 7620 | SH |  | SOLE | 0 | 7620 | 0 | 0 |
| FACTSET RESH SYS INC COM | COM | 303075105 |  | 2301 | 5734 | SH |  | SOLE | 0 | 5734 | 0 | 0 |
| FAIR ISAAC CORP COM | COM | 303250104 |  | 11679 | 19512 | SH |  | SOLE | 0 | 19512 | 0 | 0 |
| FASTENAL CO COM | COM | 311900104 |  | 4497 | 95028 | SH |  | SOLE | 0 | 95028 | 0 | 0 |
| FEDERAL RLTY INVT TR NEW SH BEN INT NEW | COM | 313745101 |  | 1234 | 12215 | SH |  | SOLE | 0 | 12215 | 0 | 0 |
| FEDEX CORP COM | COM | 31428X106 |  | 1750 | 10103 | SH |  | SOLE | 0 | 10103 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL FNF GROUP COM | COM | 31620R303 |  | 2943 | 78240 | SH |  | SOLE | 0 | 78240 | 0 | 0 |
| FIFTH THIRD BANCORP COM | COM | 316773100 |  | 571 | 17398 | SH |  | SOLE | 0 | 17398 | 0 | 0 |
| FIRST REP BK SAN FRANCISCO C COM | COM | 33616C100 |  | 352 | 2891 | SH |  | SOLE | 0 | 2891 | 0 | 0 |
| FISERV INC COM | COM | 337738108 |  | 419 | 4142 | SH |  | SOLE | 0 | 4142 | 0 | 0 |
| FLEETCOR TECHNOLOGIES INC COM | COM | 339041105 |  | 4997 | 27206 | SH |  | SOLE | 0 | 27206 | 0 | 0 |
| FORTINET INC COM | COM | 34959E109 |  | 7616 | 155780 | SH |  | SOLE | 0 | 155780 | 0 | 0 |
| FORTIVE CORP COM | COM | 34959J108 |  | 4561 | 70990 | SH |  | SOLE | 0 | 70990 | 0 | 0 |
| FREEPORT-MCMORAN INC CL B | CLASS B | 35671D857 |  | 3363 | 88510 | SH |  | SOLE | 0 | 88510 | 0 | 0 |
| GARTNER INC COM | COM | 366651107 |  | 15445 | 45947 | SH |  | SOLE | 0 | 45947 | 0 | 0 |
| GENERAL MLS INC COM | COM | 370334104 |  | 1234 | 14721 | SH |  | SOLE | 0 | 14721 | 0 | 0 |
| GENTEX CORP COM | COM | 371901109 |  | 7149 | 262141 | SH |  | SOLE | 0 | 262141 | 0 | 0 |
| GENUINE PARTS CO COM | COM | 372460105 |  | 18703 | 107791 | SH |  | SOLE | 0 | 107791 | 0 | 0 |
| GILEAD SCIENCES INC COM | COM | 375558103 |  | 7749 | 90258 | SH |  | SOLE | 0 | 90258 | 0 | 0 |
| GLOBE LIFE INC COM | COM | 37959E102 |  | 7059 | 58560 | SH |  | SOLE | 0 | 58560 | 0 | 0 |
| GODADDY INC CL A | CLASS A | 380237107 |  | 2550 | 34085 | SH |  | SOLE | 0 | 34085 | 0 | 0 |
| GOLDMAN SACHS GROUP INC COM | COM | 38141G104 |  | 1141 | 3322 | SH |  | SOLE | 0 | 3322 | 0 | 0 |
| GRAINGER W W INC COM | COM | 384802104 |  | 12549 | 22560 | SH |  | SOLE | 0 | 22560 | 0 | 0 |
| HCA HEALTHCARE INC COM | COM | 40412C101 |  | 617 | 2571 | SH |  | SOLE | 0 | 2571 | 0 | 0 |
| HAIN CELESTIAL GROUP INC COM | COM | 405217100 |  | 43094 | 2663423 | SH |  | SOLE | 0 | 2663423 | 0 | 0 |
| HARTFORD FINL SVCS GROUP INC COM | COM | 416515104 |  | 6164 | 81292 | SH |  | SOLE | 0 | 81292 | 0 | 0 |
| HASBRO INC COM | COM | 418056107 |  | 193 | 3159 | SH |  | SOLE | 0 | 3159 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC COM | COM | 42250P103 |  | 102695 | 4096330 | SH |  | SOLE | 0 | 4096330 | 0 | 0 |
| HEICO CORP NEW COM | COM | 422806109 |  | 6093 | 39656 | SH |  | SOLE | 0 | 39656 | 0 | 0 |
| HENRY JACK ASSOC INC COM | COM | 426281101 |  | 7668 | 43680 | SH |  | SOLE | 0 | 43680 | 0 | 0 |
| HERSHEY CO COM | COM | 427866108 |  | 10533 | 45487 | SH |  | SOLE | 0 | 45487 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C COM | COM | 42824C109 |  | 1260 | 78931 | SH |  | SOLE | 0 | 78931 | 0 | 0 |
| HOLOGIC INC COM | COM | 436440101 |  | 8431 | 112700 | SH |  | SOLE | 0 | 112700 | 0 | 0 |
| HOME DEPOT INC COM | COM | 437076102 |  | 14341 | 45404 | SH |  | SOLE | 0 | 45404 | 0 | 0 |
| HOWMET AEROSPACE INC COM | COM | 443201108 |  | 2036 | 51664 | SH |  | SOLE | 0 | 51664 | 0 | 0 |
| HUDSON PAC PPTYS INC COM | COM | 444097109 |  | 10684 | 1098062 | SH |  | SOLE | 0 | 1098062 | 0 | 0 |
| HUMANA INC COM | COM | 444859102 |  | 7790 | 15210 | SH |  | SOLE | 0 | 15210 | 0 | 0 |
| HUNT J B TRANS SVCS INC COM | COM | 445658107 |  | 6588 | 37782 | SH |  | SOLE | 0 | 37782 | 0 | 0 |
| HUNTINGTON BANCSHARES INC COM | COM | 446150104 |  | 1792 | 127068 | SH |  | SOLE | 0 | 127068 | 0 | 0 |
| IDEX CORP COM | COM | 45167R104 |  | 11850 | 51900 | SH |  | SOLE | 0 | 51900 | 0 | 0 |
| ILLINOIS TOOL WKS INC COM | COM | 452308109 |  | 15295 | 69430 | SH |  | SOLE | 0 | 69430 | 0 | 0 |
| ILLUMINA INC COM | COM | 452327109 |  | 21189 | 104793 | SH |  | SOLE | 0 | 104793 | 0 | 0 |
| INCYTE CORP COM | COM | 45337C102 |  | 19793 | 246429 | SH |  | SOLE | 0 | 246429 | 0 | 0 |
| INGREDION INC COM | COM | 457187102 |  | 1633 | 16672 | SH |  | SOLE | 0 | 16672 | 0 | 0 |
| INTERPUBLIC GROUP COS INC COM | COM | 460690100 |  | 2393 | 71828 | SH |  | SOLE | 0 | 71828 | 0 | 0 |
| INVITATION HOMES INC COM | COM | 46187W107 |  | 128765 | 4344304 | SH |  | SOLE | 0 | 4344304 | 0 | 0 |
| IQVIA HLDGS INC COM | COM | 46266C105 |  | 4240 | 20693 | SH |  | SOLE | 0 | 20693 | 0 | 0 |
| ITRON INC COM | COM | 465741106 |  | 44192 | 872489 | SH |  | SOLE | 0 | 872489 | 0 | 0 |
| JPMORGAN CHASE CO COM | COM | 46625H100 |  | 16222 | 120968 | SH |  | SOLE | 0 | 120968 | 0 | 0 |
| JEFFERIES FINL GROUP INC COM | COM | 47233W109 |  | 1694 | 49404 | SH |  | SOLE | 0 | 49404 | 0 | 0 |
| JUNIPER NETWORKS INC COM | COM | 48203R104 |  | 418 | 13084 | SH |  | SOLE | 0 | 13084 | 0 | 0 |
| KLA CORP COM NEW | COM | 482480100 |  | 12314 | 32660 | SH |  | SOLE | 0 | 32660 | 0 | 0 |
| KELLOGG CO COM | COM | 487836108 |  | 1838 | 25802 | SH |  | SOLE | 0 | 25802 | 0 | 0 |
| KEURIG DR PEPPER INC COM | COM | 49271V100 |  | 1775 | 49786 | SH |  | SOLE | 0 | 49786 | 0 | 0 |
| KEYCORP COM | COM | 493267108 |  | 2071 | 118868 | SH |  | SOLE | 0 | 118868 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC COM | COM | 49338L103 |  | 11566 | 67608 | SH |  | SOLE | 0 | 67608 | 0 | 0 |
| KILROY RLTY CORP COM | COM | 49427F108 |  | 74211 | 1919078 | SH |  | SOLE | 0 | 1919078 | 0 | 0 |
| KIMBERLY-CLARK CORP COM | COM | 494368103 |  | 1622 | 11950 | SH |  | SOLE | 0 | 11950 | 0 | 0 |
| LKQ CORP COM | COM | 501889208 |  | 8060 | 150903 | SH |  | SOLE | 0 | 150903 | 0 | 0 |
| LABORATORY CORP AMER HLDGS COM NEW | COM | 50540R409 |  | 4142 | 17590 | SH |  | SOLE | 0 | 17590 | 0 | 0 |
| LAM RESEARCH CORP COM | COM | 512807108 |  | 3808 | 9061 | SH |  | SOLE | 0 | 9061 | 0 | 0 |
| LAMB WESTON HLDGS INC COM | COM | 513272104 |  | 2116 | 23676 | SH |  | SOLE | 0 | 23676 | 0 | 0 |
| LAUDER ESTEE COS INC CL A | CLASS A | 518439104 |  | 160 | 646 | SH |  | SOLE | 0 | 646 | 0 | 0 |
| LENNAR CORP CL A | CLASS A | 526057104 |  | 679 | 7502 | SH |  | SOLE | 0 | 7502 | 0 | 0 |
| LIBERTY MEDIA CORP DEL COM C SIRIUSXM | COM | 531229607 |  | 5444 | 139118 | SH |  | SOLE | 0 | 139118 | 0 | 0 |
| LIFE STORAGE INC COM | COM | 53223X107 |  | 89759 | 911260 | SH |  | SOLE | 0 | 911260 | 0 | 0 |
| LILLY ELI CO COM | COM | 532457108 |  | 10145 | 27732 | SH |  | SOLE | 0 | 27732 | 0 | 0 |
| LOEWS CORP COM | COM | 540424108 |  | 10208 | 175007 | SH |  | SOLE | 0 | 175007 | 0 | 0 |
| LOWES COS INC COM | COM | 548661107 |  | 20134 | 101056 | SH |  | SOLE | 0 | 101056 | 0 | 0 |
| MGM RESORTS INTERNATIONAL COM | COM | 552953101 |  | 1586 | 47313 | SH |  | SOLE | 0 | 47313 | 0 | 0 |
| MSCI INC COM | COM | 55354G100 |  | 3266 | 7021 | SH |  | SOLE | 0 | 7021 | 0 | 0 |
| MANPOWERGROUP INC WIS COM | COM | 56418H100 |  | 3909 | 46976 | SH |  | SOLE | 0 | 46976 | 0 | 0 |
| MARATHON OIL CORP COM | COM | 565849106 |  | 3147 | 116255 | SH |  | SOLE | 0 | 116255 | 0 | 0 |
| MARATHON PETE CORP COM | COM | 56585A102 |  | 9179 | 78865 | SH |  | SOLE | 0 | 78865 | 0 | 0 |
| MARKEL CORP COM | COM | 570535104 |  | 6075 | 4611 | SH |  | SOLE | 0 | 4611 | 0 | 0 |
| MARSH MCLENNAN COS INC COM | COM | 571748102 |  | 7892 | 47689 | SH |  | SOLE | 0 | 47689 | 0 | 0 |
| MASCO CORP COM | COM | 574599106 |  | 3230 | 69200 | SH |  | SOLE | 0 | 69200 | 0 | 0 |
| MASTERCARD INCORPORATED CL A | CLASS A | 57636Q104 |  | 19372 | 55709 | SH |  | SOLE | 0 | 55709 | 0 | 0 |
| MCCORMICK CO INC COM NON VTG | COM | 579780206 |  | 1240 | 14958 | SH |  | SOLE | 0 | 14958 | 0 | 0 |
| MCDONALDS CORP COM | COM | 580135101 |  | 22360 | 84848 | SH |  | SOLE | 0 | 84848 | 0 | 0 |
| MCKESSON CORP COM | COM | 58155Q103 |  | 21796 | 58104 | SH |  | SOLE | 0 | 58104 | 0 | 0 |
| MERCADOLIBRE INC COM | COM | 58733R102 |  | 1209 | 1429 | SH |  | SOLE | 0 | 1429 | 0 | 0 |
| MERCK CO INC COM | COM | 58933Y105 |  | 13871 | 125022 | SH |  | SOLE | 0 | 125022 | 0 | 0 |
| METLIFE INC COM | COM | 59156R108 |  | 7758 | 107201 | SH |  | SOLE | 0 | 107201 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL COM | COM | 592688105 |  | 18755 | 12975 | SH |  | SOLE | 0 | 12975 | 0 | 0 |
| MICROSOFT CORP COM | COM | 594918104 |  | 94869 | 395586 | SH |  | SOLE | 0 | 395586 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. COM | COM | 595017104 |  | 209 | 2980 | SH |  | SOLE | 0 | 2980 | 0 | 0 |
| MID-AMER APT CMNTYS INC COM | COM | 59522J103 |  | 4919 | 31331 | SH |  | SOLE | 0 | 31331 | 0 | 0 |
| MODERNA INC COM | COM | 60770K107 |  | 9170 | 51052 | SH |  | SOLE | 0 | 51052 | 0 | 0 |
| MOLINA HEALTHCARE INC COM | COM | 60855R100 |  | 3105 | 9402 | SH |  | SOLE | 0 | 9402 | 0 | 0 |
| MOLSON COORS BEVERAGE CO CL B | CLASS B | 60871R209 |  | 696 | 13510 | SH |  | SOLE | 0 | 13510 | 0 | 0 |
| MONDELEZ INTL INC CL A | CLASS A | 609207105 |  | 8390 | 125882 | SH |  | SOLE | 0 | 125882 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW COM | COM | 61174X109 |  | 162 | 1599 | SH |  | SOLE | 0 | 1599 | 0 | 0 |
| MORGAN STANLEY COM NEW | COM | 617446448 |  | 1848 | 21739 | SH |  | SOLE | 0 | 21739 | 0 | 0 |
| MOSAIC CO NEW COM | COM | 61945C103 |  | 373 | 8494 | SH |  | SOLE | 0 | 8494 | 0 | 0 |
| MOTOROLA SOLUTIONS INC COM NEW | COM | 620076307 |  | 8484 | 32921 | SH |  | SOLE | 0 | 32921 | 0 | 0 |
| MUELLER WTR PRODS INC COM SER A | COM | 624758108 |  | 19609 | 1822388 | SH |  | SOLE | 0 | 1822388 | 0 | 0 |
| NVR INC COM | COM | 62944T105 |  | 3985 | 864 | SH |  | SOLE | 0 | 864 | 0 | 0 |
| NASDAQ INC COM | COM | 631103108 |  | 812 | 13232 | SH |  | SOLE | 0 | 13232 | 0 | 0 |
| NATIONAL RETAIL PROPERTIES I COM | COM | 637417106 |  | 114594 | 2504236 | SH |  | SOLE | 0 | 2504236 | 0 | 0 |
| NETAPP INC COM | COM | 64110D104 |  | 5260 | 87584 | SH |  | SOLE | 0 | 87584 | 0 | 0 |
| NEWS CORP NEW CL A | CLASS A | 65249B109 |  | 2353 | 129263 | SH |  | SOLE | 0 | 129263 | 0 | 0 |
| NEXTERA ENERGY INC COM | COM | 65339F101 |  | 22154 | 265000 | SH |  | SOLE | 0 | 265000 | 0 | 0 |
| NORFOLK SOUTHN CORP COM | COM | 655844108 |  | 7676 | 31149 | SH |  | SOLE | 0 | 31149 | 0 | 0 |
| GEN DIGITAL INC COM | COM | 668771108 |  | 2107 | 98312 | SH |  | SOLE | 0 | 98312 | 0 | 0 |
| NUCOR CORP COM | COM | 670346105 |  | 11568 | 87766 | SH |  | SOLE | 0 | 87766 | 0 | 0 |
| OREILLY AUTOMOTIVE INC COM | COM | 67103H107 |  | 15669 | 18565 | SH |  | SOLE | 0 | 18565 | 0 | 0 |
| OLD DOMINION FREIGHT LINE IN COM | COM | 679580100 |  | 8243 | 29046 | SH |  | SOLE | 0 | 29046 | 0 | 0 |
| OMNICOM GROUP INC COM | COM | 681919106 |  | 3596 | 44086 | SH |  | SOLE | 0 | 44086 | 0 | 0 |
| ORACLE CORP COM | COM | 68389X105 |  | 2137 | 26146 | SH |  | SOLE | 0 | 26146 | 0 | 0 |
| ORGANON CO COMMON STOCK | COM | 68622V106 |  | 2204 | 78907 | SH |  | SOLE | 0 | 78907 | 0 | 0 |
| OTIS WORLDWIDE CORP COM | COM | 68902V107 |  | 8523 | 108842 | SH |  | SOLE | 0 | 108842 | 0 | 0 |
| OWENS CORNING NEW COM | COM | 690742101 |  | 51607 | 605010 | SH |  | SOLE | 0 | 605010 | 0 | 0 |
| PNC FINL SVCS GROUP INC COM | COM | 693475105 |  | 7282 | 46109 | SH |  | SOLE | 0 | 46109 | 0 | 0 |
| PPG INDS INC COM | COM | 693506107 |  | 3792 | 30156 | SH |  | SOLE | 0 | 30156 | 0 | 0 |
| PTC INC COM | COM | 69370C100 |  | 381 | 3175 | SH |  | SOLE | 0 | 3175 | 0 | 0 |
| PACCAR INC COM | COM | 693718108 |  | 5372 | 54275 | SH |  | SOLE | 0 | 54275 | 0 | 0 |
| PACKAGING CORP AMER COM | COM | 695156109 |  | 1374 | 10739 | SH |  | SOLE | 0 | 10739 | 0 | 0 |
| PALO ALTO NETWORKS INC COM | COM | 697435105 |  | 3943 | 28255 | SH |  | SOLE | 0 | 28255 | 0 | 0 |
| PARK HOTELS RESORTS INC COM | COM | 700517105 |  | 85662 | 7265635 | SH |  | SOLE | 0 | 7265635 | 0 | 0 |
| PARKER-HANNIFIN CORP COM | COM | 701094104 |  | 7012 | 24096 | SH |  | SOLE | 0 | 24096 | 0 | 0 |
| PAYCHEX INC COM | COM | 704326107 |  | 5477 | 47393 | SH |  | SOLE | 0 | 47393 | 0 | 0 |
| PEBBLEBROOK HOTEL TR COM | COM | 70509V100 |  | 11700 | 873765 | SH |  | SOLE | 0 | 873765 | 0 | 0 |
| PEPSICO INC COM | COM | 713448108 |  | 21150 | 117071 | SH |  | SOLE | 0 | 117071 | 0 | 0 |
| PERKINELMER INC COM | COM | 714046109 |  | 1346 | 9597 | SH |  | SOLE | 0 | 9597 | 0 | 0 |
| PFIZER INC COM | COM | 717081103 |  | 13927 | 271794 | SH |  | SOLE | 0 | 271794 | 0 | 0 |
| PHILLIPS 66 COM | COM | 718546104 |  | 3098 | 29765 | SH |  | SOLE | 0 | 29765 | 0 | 0 |
| PIONEER NAT RES CO COM | COM | 723787107 |  | 13437 | 58834 | SH |  | SOLE | 0 | 58834 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP IN COM | COM | 74251V102 |  | 5983 | 71294 | SH |  | SOLE | 0 | 71294 | 0 | 0 |
| PROCTER AND GAMBLE CO COM | COM | 742718109 |  | 20498 | 135247 | SH |  | SOLE | 0 | 135247 | 0 | 0 |
| PROLOGIS INC. COM | COM | 74340W103 |  | 213635 | 1895100 | SH |  | SOLE | 0 | 1895100 | 0 | 0 |
| PRUDENTIAL FINL INC COM | COM | 744320102 |  | 3108 | 31253 | SH |  | SOLE | 0 | 31253 | 0 | 0 |
| PUBLIC STORAGE COM | COM | 74460D109 |  | 42227 | 150710 | SH |  | SOLE | 0 | 150710 | 0 | 0 |
| PULTE GROUP INC COM | COM | 745867101 |  | 412 | 9058 | SH |  | SOLE | 0 | 9058 | 0 | 0 |
| QORVO INC COM | COM | 74736K101 |  | 808 | 8912 | SH |  | SOLE | 0 | 8912 | 0 | 0 |
| QUALCOMM INC COM | COM | 747525103 |  | 1066 | 9698 | SH |  | SOLE | 0 | 9698 | 0 | 0 |
| QUEST DIAGNOSTICS INC COM | COM | 74834L100 |  | 4046 | 25864 | SH |  | SOLE | 0 | 25864 | 0 | 0 |
| REALTY INCOME CORP COM | COM | 756109104 |  | 80911 | 1275590 | SH |  | SOLE | 0 | 1275590 | 0 | 0 |
| REGENCY CTRS CORP COM | COM | 758849103 |  | 88953 | 1423242 | SH |  | SOLE | 0 | 1423242 | 0 | 0 |
| REGENERON PHARMACEUTICALS COM | COM | 75886F107 |  | 34461 | 47763 | SH |  | SOLE | 0 | 47763 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW COM | COM | 7591EP100 |  | 2924 | 135644 | SH |  | SOLE | 0 | 135644 | 0 | 0 |
| REPUBLIC SVCS INC COM | COM | 760759100 |  | 147 | 1141 | SH |  | SOLE | 0 | 1141 | 0 | 0 |
| REXFORD INDL RLTY INC COM | COM | 76169C100 |  | 117586 | 2152020 | SH |  | SOLE | 0 | 2152020 | 0 | 0 |
| ROBERT HALF INTL INC COM | COM | 770323103 |  | 5460 | 73957 | SH |  | SOLE | 0 | 73957 | 0 | 0 |
| ROLLINS INC COM | COM | 775711104 |  | 3420 | 93587 | SH |  | SOLE | 0 | 93587 | 0 | 0 |
| ROPER TECHNOLOGIES INC COM | COM | 776696106 |  | 3489 | 8074 | SH |  | SOLE | 0 | 8074 | 0 | 0 |
| SEI INVTS CO COM | COM | 784117103 |  | 11496 | 197185 | SH |  | SOLE | 0 | 197185 | 0 | 0 |
| SS C TECHNOLOGIES HLDGS INC COM | COM | 78467J100 |  | 2607 | 50082 | SH |  | SOLE | 0 | 50082 | 0 | 0 |
| HENRY SCHEIN INC COM | COM | 806407102 |  | 8901 | 111448 | SH |  | SOLE | 0 | 111448 | 0 | 0 |
| SCHLUMBERGER LTD COM STK | COM | 806857108 |  | 2057 | 38483 | SH |  | SOLE | 0 | 38483 | 0 | 0 |
| SEMPRA COM | COM | 816851109 |  | 3645 | 23587 | SH |  | SOLE | 0 | 23587 | 0 | 0 |
| SHERWIN WILLIAMS CO COM | COM | 824348106 |  | 2150 | 9060 | SH |  | SOLE | 0 | 9060 | 0 | 0 |
| SIMON PPTY GROUP INC NEW COM | COM | 828806109 |  | 127913 | 1088809 | SH |  | SOLE | 0 | 1088809 | 0 | 0 |
| SIRIUS XM HOLDINGS INC COM | COM | 82968B103 |  | 5541 | 948843 | SH |  | SOLE | 0 | 948843 | 0 | 0 |
| SITE CTRS CORP COM | COM | 82981J109 |  | 99345 | 7272691 | SH |  | SOLE | 0 | 7272691 | 0 | 0 |
| SMUCKER J M CO COM NEW | COM | 832696405 |  | 350 | 2206 | SH |  | SOLE | 0 | 2206 | 0 | 0 |
| SNAP ON INC COM | COM | 833034101 |  | 10691 | 46791 | SH |  | SOLE | 0 | 46791 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC COM | COM | 83417M104 |  | 15145 | 53464 | SH |  | SOLE | 0 | 53464 | 0 | 0 |
| SPROUTS FMRS MKT INC COM | COM | 85208M102 |  | 52798 | 1631073 | SH |  | SOLE | 0 | 1631073 | 0 | 0 |
| STARBUCKS CORP COM | COM | 855244109 |  | 6484 | 65367 | SH |  | SOLE | 0 | 65367 | 0 | 0 |
| STEEL DYNAMICS INC COM | COM | 858119100 |  | 9027 | 92390 | SH |  | SOLE | 0 | 92390 | 0 | 0 |
| STRYKER CORPORATION COM | COM | 863667101 |  | 155 | 633 | SH |  | SOLE | 0 | 633 | 0 | 0 |
| SUN CMNTYS INC COM | COM | 866674104 |  | 9680 | 67693 | SH |  | SOLE | 0 | 67693 | 0 | 0 |
| SUNRUN INC COM | COM | 86771W105 |  | 12773 | 531778 | SH |  | SOLE | 0 | 531778 | 0 | 0 |
| SYNOPSYS INC COM | COM | 871607107 |  | 7410 | 23209 | SH |  | SOLE | 0 | 23209 | 0 | 0 |
| SYNCHRONY FINANCIAL COM | COM | 87165B103 |  | 2381 | 72461 | SH |  | SOLE | 0 | 72461 | 0 | 0 |
| SYSCO CORP COM | COM | 871829107 |  | 4180 | 54678 | SH |  | SOLE | 0 | 54678 | 0 | 0 |
| TJX COS INC NEW COM | COM | 872540109 |  | 1317 | 16551 | SH |  | SOLE | 0 | 16551 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC COM | COM | 879360105 |  | 180 | 449 | SH |  | SOLE | 0 | 449 | 0 | 0 |
| TERADYNE INC COM | COM | 880770102 |  | 7109 | 81389 | SH |  | SOLE | 0 | 81389 | 0 | 0 |
| TERRENO RLTY CORP COM | COM | 88146M101 |  | 100722 | 1771084 | SH |  | SOLE | 0 | 1771084 | 0 | 0 |
| TESLA INC COM | COM | 88160R101 |  | 4627 | 37561 | SH |  | SOLE | 0 | 37561 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS | ADS | 881624209 |  | 14711 | 1613034 | SH |  | SOLE | 0 | 1613034 | 0 | 0 |
| TEXAS INSTRS INC COM | COM | 882508104 |  | 7561 | 45765 | SH |  | SOLE | 0 | 45765 | 0 | 0 |
| THE TRADE DESK INC COM CL A | CLASS A | 88339J105 |  | 593 | 13225 | SH |  | SOLE | 0 | 13225 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC COM | COM | 883556102 |  | 117382 | 213154 | SH |  | SOLE | 0 | 213154 | 0 | 0 |
| 3M CO COM | COM | 88579Y101 |  | 4092 | 34120 | SH |  | SOLE | 0 | 34120 | 0 | 0 |
| TRACTOR SUPPLY CO COM | COM | 892356106 |  | 659 | 2928 | SH |  | SOLE | 0 | 2928 | 0 | 0 |
| TRAVELERS COMPANIES INC COM | COM | 89417E109 |  | 9588 | 51137 | SH |  | SOLE | 0 | 51137 | 0 | 0 |
| TRIMBLE INC COM | COM | 896239100 |  | 1097 | 21694 | SH |  | SOLE | 0 | 21694 | 0 | 0 |
| TRUIST FINL CORP COM | COM | 89832Q109 |  | 3553 | 82574 | SH |  | SOLE | 0 | 82574 | 0 | 0 |
| TYSON FOODS INC CL A | CLASS A | 902494103 |  | 2938 | 47193 | SH |  | SOLE | 0 | 47193 | 0 | 0 |
| UDR INC COM | COM | 902653104 |  | 116523 | 3008595 | SH |  | SOLE | 0 | 3008595 | 0 | 0 |
| US BANCORP DEL COM NEW | COM | 902973304 |  | 4849 | 111179 | SH |  | SOLE | 0 | 111179 | 0 | 0 |
| UBIQUITI INC COM | COM | 90353W103 |  | 2095 | 7658 | SH |  | SOLE | 0 | 7658 | 0 | 0 |
| ULTA BEAUTY INC COM | COM | 90384S303 |  | 7180 | 15306 | SH |  | SOLE | 0 | 15306 | 0 | 0 |
| UNION PAC CORP COM | COM | 907818108 |  | 12843 | 62022 | SH |  | SOLE | 0 | 62022 | 0 | 0 |
| UNITED PARCEL SERVICE INC CL B | CLASS B | 911312106 |  | 16748 | 96339 | SH |  | SOLE | 0 | 96339 | 0 | 0 |
| UNITED RENTALS INC COM | COM | 911363109 |  | 4280 | 12042 | SH |  | SOLE | 0 | 12042 | 0 | 0 |
| UNITEDHEALTH GROUP INC COM | COM | 91324P102 |  | 35252 | 66491 | SH |  | SOLE | 0 | 66491 | 0 | 0 |
| UNIVERSAL HLTH SVCS INC CL B | CLASS B | 913903100 |  | 405 | 2877 | SH |  | SOLE | 0 | 2877 | 0 | 0 |
| VALERO ENERGY CORP COM | COM | 91913Y100 |  | 10912 | 86015 | SH |  | SOLE | 0 | 86015 | 0 | 0 |
| VENTAS INC COM | COM | 92276F100 |  | 985 | 21855 | SH |  | SOLE | 0 | 21855 | 0 | 0 |
| VERISIGN INC COM | COM | 92343E102 |  | 10634 | 51763 | SH |  | SOLE | 0 | 51763 | 0 | 0 |
| VERISK ANALYTICS INC COM | COM | 92345Y106 |  | 4157 | 23565 | SH |  | SOLE | 0 | 23565 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC COM | COM | 92532F100 |  | 2280 | 7896 | SH |  | SOLE | 0 | 7896 | 0 | 0 |
| VICI PPTYS INC COM | COM | 925652109 |  | 4124 | 127299 | SH |  | SOLE | 0 | 127299 | 0 | 0 |
| VISA INC COM CL A | CLASS A | 92826C839 |  | 22710 | 109311 | SH |  | SOLE | 0 | 109311 | 0 | 0 |
| VONTIER CORPORATION COM | COM | 928881101 |  | 2127 | 110016 | SH |  | SOLE | 0 | 110016 | 0 | 0 |
| VOYA FINANCIAL INC COM | COM | 929089100 |  | 3379 | 54954 | SH |  | SOLE | 0 | 54954 | 0 | 0 |
| WP CAREY INC COM | COM | 92936U109 |  | 138574 | 1773176 | SH |  | SOLE | 0 | 1773176 | 0 | 0 |
| WABTEC COM | COM | 929740108 |  | 3243 | 32496 | SH |  | SOLE | 0 | 32496 | 0 | 0 |
| WASTE MGMT INC DEL COM | COM | 94106L109 |  | 4004 | 25525 | SH |  | SOLE | 0 | 25525 | 0 | 0 |
| WATERS CORP COM | COM | 941848103 |  | 9226 | 26932 | SH |  | SOLE | 0 | 26932 | 0 | 0 |
| WELLTOWER INC COM | COM | 95040Q104 |  | 178531 | 2723584 | SH |  | SOLE | 0 | 2723584 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC COM | COM | 955306105 |  | 3428 | 14567 | SH |  | SOLE | 0 | 14567 | 0 | 0 |
| WESTERN UN CO COM | COM | 959802109 |  | 2641 | 191758 | SH |  | SOLE | 0 | 191758 | 0 | 0 |
| WESTLAKE CORPORATION COM | COM | 960413102 |  | 226 | 2203 | SH |  | SOLE | 0 | 2203 | 0 | 0 |
| WEYERHAEUSER CO MTN BE COM NEW | COM | 962166104 |  | 5002 | 161358 | SH |  | SOLE | 0 | 161358 | 0 | 0 |
| WHIRLPOOL CORP COM | COM | 963320106 |  | 727 | 5137 | SH |  | SOLE | 0 | 5137 | 0 | 0 |
| XYLEM INC COM | COM | 98419M100 |  | 2778 | 25120 | SH |  | SOLE | 0 | 25120 | 0 | 0 |
| YUM BRANDS INC COM | COM | 988498101 |  | 17561 | 137108 | SH |  | SOLE | 0 | 137108 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI CL A | CLASS A | 989207105 |  | 2457 | 9581 | SH |  | SOLE | 0 | 9581 | 0 | 0 |
| ZILLOW GROUP INC CL A | CLASS A | 98954M101 |  | 469 | 15032 | SH |  | SOLE | 0 | 15032 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC COM | COM | 98956P102 |  | 265 | 2080 | SH |  | SOLE | 0 | 2080 | 0 | 0 |
| ZIONS BANCORPORATION N A COM | COM | 989701107 |  | 2010 | 40885 | SH |  | SOLE | 0 | 40885 | 0 | 0 |
| ZOETIS INC CL A | CLASS A | 98978V103 |  | 3715 | 25351 | SH |  | SOLE | 0 | 25351 | 0 | 0 |
| CBOE GLOBAL MKTS INC COM | COM | 12503M108 |  | 1652 | 13163 | SH |  | SOLE | 0 | 13163 | 0 | 0 |

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