# EDGAR Filing Document

**Accession Number:** 0001872253
**File Stem:** 0000940400-26-020919
**Filing Date:** 2026-5
**Character Count:** 33443
**Document Hash:** 4b9692eb939293ea6502a406c73a5083
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020919.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0000940400-26-020919

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Total Fund Solution
- **CENTRAL INDEX KEY:** 0001872253

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23724
- **FILM NUMBER:** 261018075

**BUSINESS ADDRESS:**
- **STREET 1:** 810 GLENEAGLES CT
- **STREET 2:** SUITE 106
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21286
- **BUSINESS PHONE:** 703-608-3499

**MAIL ADDRESS:**
- **STREET 1:** 810 GLENEAGLES CT
- **STREET 2:** SUITE 106
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21286

## Series and Classes Contracts Data

### Cromwell CenterSquare Real Estate Fund (Series ID: S000074018)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000231344 | Investor Class      | MRESX           |
| C000234136 | Institutional Class | MRASX           |

## Nport-Ex

#### Cromwell

#### CenterSquare

#### Real

#### Estate

#### Fund

#### Schedules

#### of

#### Investments
March

31,

2026

(Unaudited)

#### Shares

#### Value

#### REAL

#### ESTATE

#### INVESTMENT

#### TRUSTS

#### -

#### 99

#### .1

#### %

#### Apartments

#### -

#### 11

#### .1

#### %
American

Homes

Rent

-

Class

A

.......................................................

44,080

$

1,230,714

Camden

Property

Trust

.................................................................

19,000

1,855,540

Equity

LifeStyle

Properties,

Inc.

..........................................................

19,130

1,194,094

Equity

Residential

......................................................................

7,890

466,693

Essex

Property

Trust,

Inc.

...............................................................

1,372

332,024

Independence

Realty

Trust,

Inc.

.........................................................

22,937

341,532

Invitation

Homes,

Inc.

..................................................................

58,260

1,447,761

Mid-America

Apartment

Communities,

Inc.

................................................

4,780

583,734

UDR,

Inc.

.............................................................................

68,020

2,297,716

9,749,808

#### Diversified

#### -

#### 26

#### .8

#### %
(a) American

Tower

Corp.

..................................................................

30,710

5,299,932

Broadstone

Net

Lease,

Inc.

.............................................................

23,840

435,557

Crown

Castle,

Inc.

.....................................................................

28,450

2,313,270

Digital

Realty

Trust,

Inc.

................................................................

24,650

4,442,176

Equinix,

Inc.

...........................................................................

7,070

6,930,297

FrontView

REIT,

Inc.

...................................................................

7,540

116,644

InvenTrust

Properties

Corp.

.............................................................

9,874

300,762

Lamar

Advertising

Co.

-

Class

A

.........................................................

3,180

402,779

SBA

Communications

Corp.

.............................................................

5,840

1,005,122

VICI

Properties,

Inc.

....................................................................

49,150

1,342,778

Weyerhaeuser

Co.

.....................................................................

36,589

893,869

23,483,186

#### Health

#### Care

#### -

#### 20

#### .5

#### %
Alexandria

Real

Estate

Equities,

Inc.

.....................................................

15,320

711,154

American

Healthcare

REIT,

Inc.

..........................................................

23,710

1,118,164

Diversified

Healthcare

Trust

.............................................................

42,129

279,737

Healthcare

Realty

Trust,

Inc.

............................................................

63,151

1,072,936

Janus

Living,

Inc.

(b) .....................................................................

18,270

430,624

National

Health

Investors,

Inc.

...........................................................

4,750

384,085

Omega

Healthcare

Investors,

Inc.

........................................................

28,315

1,240,763

Sabra

Health

Care

REIT,

Inc.

............................................................

38,710

744,393

Ventas,

Inc.

...........................................................................

46,550

3,806,859

Welltower,

Inc.

.........................................................................

41,300

8,165,423

17,954,138

#### Hotels

#### -

#### 2

#### .6

#### %
DiamondRock

Hospitality

Co.

............................................................

52,110

488,271

Host

Hotels

&

Resorts,

Inc.

..............................................................

58,040

1,112,046

Ryman

Hospitality

Properties,

Inc.

.......................................................

5,610

517,635

Sunstone

Hotel

Investors,

Inc.

...........................................................

19,606

176,650

2,294,602

#### Cromwell

#### CenterSquare

#### Real

#### Estate

#### Fund

#### Schedules

#### of

#### Investments
(Continued)

March

31,

2026

(Unaudited)

#### Shares

#### Value

#### REAL

#### ESTATE

#### INVESTMENT

#### TRUSTS

#### -
(Continued)

#### Office

#### Property

#### -

#### 2

#### .6

#### %
Cousins

Properties,

Inc.

................................................................

28,775

$

649,452

Empire

State

Realty

Trust,

Inc.

-

Class

A

..................................................

47,038

244,597

Piedmont

Realty

Trust,

Inc.

(b) ............................................................

46,060

302,614

SL

Green

Realty

Corp.

.................................................................

9,490

350,561

Vornado

Realty

Trust

...................................................................

27,760

721,482

2,268,706

#### Regional

#### Malls

#### -

#### 3

#### .8

#### %
Simon

Property

Group,

Inc.

.............................................................

11,910

2,221,572

The

Macerich

Co.

......................................................................

57,410

1,085,049

3,306,621

#### Shopping

#### Centers

#### -

#### 7

#### .9

#### %
Brixmor

Property

Group,

Inc.

............................................................

81,930

2,359,584

Federal

Realty

Investment

Trust

.........................................................

860

91,341

Kimco

Realty

Corp.

....................................................................

96,126

2,159,951

Kite

Realty

Group

Trust

.................................................................

71,030

1,743,787

NETSTREIT

Corp.

.....................................................................

30,081

566,425

6,921,088

#### Single

#### Tenant

#### -

#### 4

#### .0

#### %
Agree

Realty

Corp.

.....................................................................

29,230

2,203,357

Realty

Income

Corp.

...................................................................

22,210

1,358,808

3,562,165

#### Storage

#### -

#### 8

#### .9

#### %
CubeSmart

...........................................................................

14,103

516,875

Extra

Space

Storage,

Inc.

...............................................................

20,310

2,663,250

Iron

Mountain,

Inc.

.....................................................................

20,108

2,053,831

Public

Storage

.........................................................................

9,410

2,548,981

7,782,937

#### Warehouse/Industrial

#### -

#### 10

#### .9

#### %
Americold

Realty

Trust,

Inc.

.............................................................

17,800

203,988

First

Industrial

Realty

Trust,

Inc.

.........................................................

31,040

1,795,664

Lineage,

Inc.

..........................................................................

4,620

151,351

LXP

Industrial

Trust

....................................................................

12,050

557,433

Prologis,

Inc.

..........................................................................

47,490

6,277,228

Rexford

Industrial

Realty,

Inc.

...........................................................

18,430

603,214

9,588,878

TOTAL

INVESTMENTS

-

.1

%

(Cost

$

66,863,241)

.......................................................

$

86,912,129

Other

Assets

in

Excess

of

Liabilities

-

.9

%

................................................................

823,892

#### TOTAL

#### NET

#### ASSETS

#### -

#### 100%

#### ...........................................................................

#### $

#### 87,736,021
Percentages

are

stated

as

a

percent

of

net

assets.

REIT

-

Real

Estate

Investment

Trust

#### Cromwell

#### CenterSquare

#### Real

#### Estate

#### Fund

#### Schedules

#### of

#### Investments
(Continued)

March

31,

2026

(Unaudited)

(a) To

the

extent

that

the

Fund

invests

more

heavily

in

a

particular

industry

or

sector

of

the

economy,

its

performance

will

be

especially

sensitive

to

developments

that

significantly

affect

those

industries

or

sectors.

(b) Non-income

producing

security.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Total Fund Solution

- **b. Investment Company Act file number:** 811-23724

- **c. CIK number of Registrant:** 0001872253

- **d. LEI of Registrant:** 549300CL4E1CB85QJL55

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 810 Gleneagles Ct

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21286

  - **Telephone number:** 888-844-4110

**Item A.2. Information about the Series.**

- **a. Name of Series:** Cromwell CenterSquare Real Estate Fund

- **b. EDGAR series identifier (if any):** S000074018

- **c. LEI of Series:** 549300WIERUVLR71X537

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $87647809.78

**Total Liabilities:** $203439.75

**Net Assets:** $87444370.03

**Cash Not Reported:** $244661.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234136 | 2.65%                | 7.75%                | -5.92%               |
| Class ID C000231344 | 2.65%                | 7.66%                | -5.87%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-17275.88               | $2270187.63                                |
| Month 2  | $120630.54               | $6678889.37                                |
| Month 3  | $853715.24               | $-6343004.75                               |

### Schedule of Portfolio Investments

| Name                                         | Title                                                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Kite Realty Group Trust                      | Kite Realty Group Trust COM NEW                               | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71030 | NS      | $1743786.50   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc.                               | Welltower Inc. COM                                            | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     41300 | NS      | $8165423.00   | 9.34%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corporation                   | American Tower Corporation COM                                | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     30710 | NS      | $5299931.80   | 6.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Diversified Healthcare Trust                 | Diversified Healthcare Trust COM SH BEN INT                   | CUSIP: 25525P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42129 | NS      | $279736.56    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                               | Public Storage COM                                            | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      9410 | NS      | $2548980.80   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                         | Vornado Realty Trust SH BEN INT                               | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27760 | NS      | $721482.40    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                | Equinix, Inc. COM                                             | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      7070 | NS      | $6930296.80   | 7.93%             |  |  |  | No            |                  1 | On Loan: No      |
| INVITATION HOMES INC                         | Invitation Homes Inc. COM                                     | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               | CORP              | US        |     58260 | NS      | $1447761.00   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc.               | Rexford Industrial Realty Inc. COM                            | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     18430 | NS      | $603213.90    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Vici Properties Inc                          | Vici Properties Inc COM                                       | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     49150 | NS      | $1342778.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust Inc                   | Americold Realty Trust Inc COM                                | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |     17800 | NS      | $203988.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corporation                     | Kimco Realty Corporation COM                                  | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |     97310 | NS      | $2186555.70   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTRA SPACE STORAGE INC                      | Extra Space Storage Inc. COM                                  | CUSIP: 30225T102<br>LEI: 529900SDJHKRQWED6A16 | Long             | EC               | CORP              | US        |     19990 | NS      | $2621288.70   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sl Green Realty Corp                         | Sl Green Realty Corp COM                                      | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |      9490 | NS      | $350560.60    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.        | Alexandria Real Estate Equities, Inc. COM                     | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     15320 | NS      | $711154.40    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Treasury Obligations Cash Management | Dreyfus Treasury Obligations Cash Management TREASURY INSTNAL | CUSIP: 261908107<br>LEI: 549300MKKM9KT7BF6329 | Long             | STIV             | RF                | US        |    337365 | NS      | $337364.75    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| DiamondRock Hospitality Co.                  | DiamondRock Hospitality Co. COM                               | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |     52110 | NS      | $488270.70    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors Inc.                | Sunstone Hotel Investors Inc. COM                             | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |     19606 | NS      | $176650.06    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors, Inc.              | National Health Investors, Inc. COM                           | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |      4750 | NS      | $384085.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| FrontView REIT Inc                           | FrontView REIT Inc COM                                        | CUSIP: 35922N100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7540 | NS      | $116643.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Company                         | Weyerhaeuser Company COM NEW                                  | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |     36589 | NS      | $893869.27    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust              | Federal Realty Investment Trust SH BEN INT NEW                | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |       860 | NS      | $91340.60     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| The Macerich Company                         | The Macerich Company COM                                      | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |     57410 | NS      | $1085049.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Lifestyle Properties Inc              | Equity Lifestyle Properties Inc COM                           | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     19130 | NS      | $1194094.60   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc                | Independence Realty Trust Inc COM                             | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |     22937 | NS      | $341531.93    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities, Inc.      | Mid-America Apartment Communities, Inc. COM                   | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |      4780 | NS      | $583733.60    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Lineage Inc                                  | Lineage Inc COM                                               | CUSIP: 53566V106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4620 | NS      | $151351.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                            | Agree Realty Corp COM                                         | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |     29230 | NS      | $2203357.40   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT, Inc.                 | Sabra Health Care REIT, Inc. COM                              | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |     38710 | NS      | $744393.30    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                           | Equity Residential SH BEN INT                                 | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |      7890 | NS      | $466693.50    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc             | Ryman Hospitality Properties Inc COM                          | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |      5610 | NS      | $517634.70    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                         | LXP Industrial Trust COM                                      | CUSIP: 529043408<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |     11680 | NS      | $540316.80    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT Corp.                              | NETSTREIT Corp. COM                                           | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |     30081 | NS      | $566425.23    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Company                    | Lamar Advertising Company CL A                                | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |      3180 | NS      | $402778.80    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                                  | Ventas Inc. COM                                               | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     46550 | NS      | $3806859.00   | 4.35%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST INDUSTRIAL REALTY TRUST INC            | First Industrial Realty Trust, Inc. COM                       | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30490 | NS      | $1763846.50   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PIEDMONT OFFICE REALTY TRUST INC             | Piedmont Realty Trust Inc. COM CL A                           | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46060 | NS      | $302614.20    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                                | Prologis Inc. COM                                             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     47490 | NS      | $6277228.20   | 7.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Inventrust Properties Corporation            | Inventrust Properties Corporation COM NEW                     | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |      9874 | NS      | $300762.04    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc.                      | Cousins Properties Inc. COM NEW                               | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |     28775 | NS      | $649451.75    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust Inc                | Empire State Realty Trust Inc CL A                            | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |     47038 | NS      | $244597.60    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc.                | American Healthcare REIT Inc. COM SHS                         | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |     23710 | NS      | $1118163.60   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc.                    | Digital Realty Trust Inc. COM                                 | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     24650 | NS      | $4442176.50   | 5.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation                    | Realty Income Corporation COM                                 | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     22210 | NS      | $1358807.80   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                        | Camden Property Trust SH BEN INT                              | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     19000 | NS      | $1855540.00   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Living Inc.                            | Janus Living Inc. CL A-1                                      | CUSIP: 471024109<br>LEI: 2549003JCIOFKGHO7313 | Long             | EC               | CORP              | US        |     18270 | NS      | $430623.90    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                      | UDR Inc COM                                                   | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |     65680 | NS      | $2218670.40   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| HRTI LLC                                     | HRTI LLC CL A COM                                             | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |     63151 | NS      | $1072935.49   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp.                     | SBA Communications Corp. CL A                                 | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      5840 | NS      | $1005122.40   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc                     | Broadstone Net Lease Inc COM                                  | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |     23840 | NS      | $435556.80    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                        | American Homes 4 Rent CL A                                    | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |     44080 | NS      | $1230713.60   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CUBESMART                                    | CubeSmart (Maryland) COM                                      | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14103 | NS      | $516874.95    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc                    | Host Hotels & Resorts Inc COM                                 | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |     58040 | NS      | $1112046.40   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                     | Simon Property Group Inc COM                                  | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     11910 | NS      | $2221572.30   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.                   | Essex Property Trust, Inc. COM                                | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      1372 | NS      | $332024.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                   | Brixmor Property Group Inc COM                                | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     81930 | NS      | $2359584.00   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors, Inc.             | Omega Healthcare Investors, Inc. COM                          | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |     28315 | NS      | $1240763.30   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc.                            | Crown Castle Inc. COM                                         | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     28450 | NS      | $2313269.50   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc.                           | Iron Mountain Inc. COM                                        | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |     20108 | NS      | $2053831.12   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-26

**Name of Applicant:** Total Fund Solution

**Signature:** Brian Nelson

**Name of Signer:** Brian Nelson

**Title:** Treasurer, Principal Financial Officer