# EDGAR Filing Document

**Accession Number:** 0001533503
**File Stem:** 0001410368-25-032606
**Filing Date:** 2025-11
**Character Count:** 255167
**Document Hash:** a766c24d2e47cba26ab2f506f8d603f1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-032606.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001410368-25-032606

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cohen & Steers Real Assets Fund, Inc.
- **CENTRAL INDEX KEY:** 0001533503

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22621
- **FILM NUMBER:** 251530620

**BUSINESS ADDRESS:**
- **STREET 1:** 1166 AVENUE OF THE AMERICAS
- **STREET 2:** 30TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800-330-7348

**MAIL ADDRESS:**
- **STREET 1:** 1166 AVENUE OF THE AMERICAS
- **STREET 2:** 30TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

## Series and Classes Contracts Data

### Cohen & Steers Real Assets Fund, Inc. (Series ID: S000035709)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000109430 | Class A      | RAPAX           |
| C000109431 | Class C      | RAPCX           |
| C000109432 | Class I      | RAPIX           |
| C000109433 | Class R      | RAPRX           |
| C000109434 | Class Z      | RAPZX           |

## Nport-Ex

**COHEN & STEERS REAL ASSETS FUND, INC.** 

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
|  | | **Shares** | **Value** |
|  COMMON STOCK | 57.9% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AGRIBUSINESS | 5.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AGRICULTURAL PRODUCTS | 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bunge Global SA |  | 151830 | $12336187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CONSTRUCTION MACHINERY & HEAVY TRUCKS | 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AGCO Corp. |  | 59271 | 6346146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kubota Corp. (Japan) |  | 164900 | 2077349 |
|  |  |  | 8423495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FERTILIZERS & AGRICULTURAL CHEMICALS | 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albemarle Corp. |  | 12422 | 1007176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CF Industries Holdings, Inc. |  | 18697 | 1677121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corteva, Inc.(a) |  | 101424 | 6859305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mosaic Co. |  | 187190 | 6491749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nutrien Ltd. (Canada) |  | 123446 | 7247515 |
|  |  |  | 23282866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PACKAGED FOODS & MEATS | 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bakkafrost P (Faeroe Islands) |  | 121344 | 5561648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hormel Foods Corp. |  | 88912 | 2199683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JBS NV, Class A(b) |  | 221577 | 3308145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minerva SA (Brazil)(b) |  | 1534055 | 1945582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mowi ASA (Norway) |  | 187558 | 3961825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pilgrim's Pride Corp. |  | 61852 | 2518613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Smithfield Foods, Inc. |  | 272628 | 6401305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WH Group Ltd. (Hong Kong)(c) |  | 3392000 | 3674472 |
|  |  |  | 29571273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL AGRIBUSINESS |  |  | 73613821 |
| &nbsp;&nbsp;&nbsp;&nbsp; AIRPORTS | 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aena SME SA (Spain)(c) |  | 60461 | 1651804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aeroports de Paris SA (France) |  | 19490 | 2569676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auckland International Airport Ltd. (New Zealand) |  | 304894 | 1392887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GMR Airports Ltd. (India)(b) |  | 944415 | 926559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grupo Aeroportuario del Sureste SAB de CV, Class B (Mexico) |  | 84769 | 2737872 |
|  |  |  | 9278798 |
| &nbsp;&nbsp;&nbsp;&nbsp; COMMUNICATIONS | 2.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; COMMUNICATIONS | 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp. |  | 64112 | 12330020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Infrastrutture Wireless Italiane SpA (Italy)(c) |  | 293706 | 3451706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SES SA (Luxembourg) |  | 147664 | 1124272 |
|  |  |  | 16905998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOWER | 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cellnex Telecom SA (Spain)(c) |  | 102964 | 3564897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Castle, Inc. |  | 178545 | 17227807 |
|  |  |  | 20792704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMUNICATIONS |  |  | 37698702 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; ELECTRIC | 3.6% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliant Energy Corp. |  | 46025 | $3102545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Black Hills Corp. |  | 20529 | 1264381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CenterPoint Energy, Inc. |  | 164779 | 6393425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cia Paranaense de Energia—Copel (Brazil) |  | 1040965 | 2362696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entergy Corp. |  | 22526 | 2099198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equatorial Energia SA (Brazil) |  | 138558 | 961946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Evergy, Inc. |  | 44356 | 3371943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exelon Corp. |  | 77212 | 3475312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; National Grid PLC (United Kingdom) |  | 1083800 | 15559902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy, Inc. |  | 32672 | 2466409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NTPC Ltd. (India) |  | 224946 | 863162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PG&E Corp. |  | 372293 | 5614179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Power Assets Holdings Ltd. (Hong Kong) |  | 172500 | 1092374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PPL Corp. |  | 61690 | 2292401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tenaga Nasional Bhd. (Malaysia) |  | 607200 | 1907374 |
|  |  |  | 52827247 |
| &nbsp;&nbsp;&nbsp;&nbsp; ENERGY | 5.6% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; COAL & CONSUMABLE FUELS | 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cameco Corp. (Canada) |  | 41836 | 3508367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Denison Mines Corp. (Canada)(b) |  | 262728 | 722502 |
|  |  |  | 4230869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INTEGRATED OIL & GAS | 3.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BP PLC |  | 609175 | 3488081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cenovus Energy, Inc. (Canada) |  | 167721 | 2847774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chevron Corp. |  | 65169 | 10120094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exxon Mobil Corp. |  | 89766 | 10121116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petroleo Brasileiro SA—Petrobras, ADR (Brazil) |  | 83576 | 1058072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shell PLC |  | 419058 | 14915433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Suncor Energy, Inc. (Canada) |  | 151167 | 6326052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TotalEnergies SE (France) |  | 117509 | 7136749 |
|  |  |  | 56013371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OIL & GAS EQUIPMENT & SERVICES | 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tenaris SA |  | 85427 | 1523491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OIL & GAS EXPLORATION & PRODUCTION | 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canadian Natural Resources Ltd. (Canada) |  | 54422 | 1740159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EOG Resources, Inc. |  | 34780 | 3899534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expand Energy Corp. |  | 39256 | 4170557 |
|  |  |  | 9810250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OIL & GAS REFINING & MARKETING | 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marathon Petroleum Corp. |  | 17703 | 3412076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reliance Industries Ltd., GDR (India)(c) |  | 125120 | 7632320 |
|  |  |  | 11044396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL ENERGY |  |  | 82622377 |
| &nbsp;&nbsp;&nbsp;&nbsp; ENVIRONMENTAL SERVICES | 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleanaway Waste Management Ltd. (Australia) |  | 1008479 | 1848450 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Waste Connections, Inc. |  | 7126 | $1252747 |
|  |  |  | 3101197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GAS DISTRIBUTION | 2.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atmos Energy Corp. |  | 29885 | 5102864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ENN Energy Holdings Ltd., (H Shares) (China) |  | 335857 | 2777247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italgas SpA (Italy) |  | 374159 | 3441772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Naturgy Energy Group SA (Spain) |  | 36153 | 1123107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NiSource, Inc. |  | 97187 | 4208197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Osaka Gas Co. Ltd. (Japan) |  | 45300 | 1313803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sempra |  | 138737 | 12483555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spire, Inc. |  | 23302 | 1899579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tokyo Gas Co. Ltd. (Japan) |  | 28600 | 1018023 |
|  |  |  | 33368147 |
| &nbsp;&nbsp;&nbsp;&nbsp; INDUSTRIALS | 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TRANSPORTATION | 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kirby Corp.(b) |  | 13201 | 1101623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MARINE PORTS | 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; International Container Terminal Services, Inc. (Philippines) |  | 252450 | 2045626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Koninklijke Vopak NV (Netherlands) |  | 52706 | 2415776 |
|  |  |  | 4461402 |
| &nbsp;&nbsp;&nbsp;&nbsp; MATERIALS | 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MATERIALS | 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interfor Corp. (Canada)(b) |  | 244695 | 1784619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PAPER PACKAGING | 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; International Paper Co. |  | 46146 | 2141174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL MATERIALS |  |  | 3925793 |
| &nbsp;&nbsp;&nbsp;&nbsp; METALS & MINING | 5.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ALUMINUM | 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alcoa Corp. |  | 34595 | 1137830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Century Aluminum Co.(b) |  | 88229 | 2590403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Constellium SE(b) |  | 100346 | 1493149 |
|  |  |  | 5221382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DIVERSIFIED METALS & MINING | 2.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anglo American PLC (South Africa) |  | 189830 | 7110168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capstone Copper Corp. (Canada)(b) |  | 213599 | 1814141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foran Mining Corp. (Canada)(b) |  | 309625 | 865446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc. |  | 21618 | 847858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Glencore PLC (Australia)(b) |  | 1532256 | 7039455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hudbay Minerals, Inc. (Canada) |  | 153934 | 2331629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rio Tinto PLC, ADR (Australia) |  | 62726 | 4140543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Teck Resources Ltd., Class B (Canada) |  | 151784 | 6661800 |
|  |  |  | 30811040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GOLD | 2.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agnico Eagle Mines Ltd. (Canada) |  | 48628 | 8196736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coeur Mining, Inc.(b) |  | 171528 | 3217865 |

---

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---

| | | | |
|:---|:---|:---|:---|
|  | | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Newmont Corp. |  | 125820 | $10607884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Perpetua Resources Corp.(b) |  | 149473 | 3023839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wheaton Precious Metals Corp. (Brazil) |  | 63931 | 7150043 |
|  |  |  | 32196367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PRECIOUS METALS & MINERALS | 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valterra Platinum Ltd. (South Africa) |  | 26300 | 1874655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; STEEL | 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ArcelorMittal SA (Luxembourg) |  | 57534 | 2065613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc.(b) |  | 116120 | 1416664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; POSCO Holdings, Inc. (South Korea) |  | 6927 | 1362640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reliance, Inc. |  | 3677 | 1032612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vale SA, ADR (Brazil) |  | 210668 | 2287854 |
|  |  |  | 8165383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL METALS & MINING |  |  | 78268827 |
| &nbsp;&nbsp;&nbsp;&nbsp; MIDSTREAM | 5.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cheniere Energy, Inc. |  | 15241 | 3581330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DT Midstream, Inc. |  | 37125 | 4197352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enbridge, Inc. (Canada) |  | 220519 | 11124983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Keyera Corp. (Canada) |  | 19708 | 661182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Keyera Corp., Subscription Receipts (Canada) |  | 79684 | 2599449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kinetik Holdings, Inc. |  | 46582 | 1990915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Bow Corp. (Canada) |  | 61645 | 1744327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Targa Resources Corp. |  | 45849 | 7681541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TC Energy Corp. (Canada) |  | 354593 | 19280055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture Global, Inc., Class A |  | 259347 | 3680134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Williams Cos., Inc. |  | 300119 | 19012539 |
|  |  |  | 75553807 |
| &nbsp;&nbsp;&nbsp;&nbsp; RAILWAYS | 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Central Japan Railway Co. (Japan) |  | 48200 | 1382917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSX Corp. |  | 80620 | 2862816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Norfolk Southern Corp. |  | 4166 | 1251508 |
|  |  |  | 5497241 |
| &nbsp;&nbsp;&nbsp;&nbsp; REAL ESTATE | 25.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DATA CENTERS | 2.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Digital Core REIT Management Pte. Ltd. (Singapore) |  | 4877900 | 2317002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Digital Realty Trust, Inc. |  | 127405 | 22025776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equinix, Inc. |  | 13144 | 10294907 |
|  |  |  | 34637685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DIVERSIFIED | 5.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; British Land Co. PLC (United Kingdom) |  | 72170 | 337968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CapitaLand Integrated Commercial Trust (Singapore) |  | 2538384 | 4506298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Hall Group (Australia) |  | 231445 | 3484098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fastighets AB Balder, Class B (Sweden)(b) |  | 301027 | 2153208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodman Group (Australia) |  | 535577 | 11616946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ingenia Communities Group (Australia) |  | 962020 | 3462933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan Metropolitan Fund Invest (Japan) |  | 4130 | 3175312 |

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| | | | |
|:---|:---|:---|:---|
|  | | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KDX Realty Investment Corp. (Japan) |  | 1537 | $1751256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Land Securities Group PLC (United Kingdom) |  | 276357 | 2163133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Link REIT (Hong Kong) |  | 642100 | 3300458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LondonMetric Property PLC (United Kingdom) |  | 840433 | 2056012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Merlin Properties Socimi SA (Spain) |  | 153577 | 2315144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mitsubishi Estate Co. Ltd. (Japan) |  | 162700 | 3743910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mitsui Fudosan Co. Ltd. (Japan) |  | 630800 | 6880214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nomura Real Estate Master Fund, Inc. (Japan) |  | 2622 | 2843891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nyfosa AB (Sweden) |  | 158491 | 1381308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stockland (Australia) |  | 1717768 | 6956280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sumitomo Realty & Development Co. Ltd. (Japan) |  | 104000 | 4593623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sun Hung Kai Properties Ltd. (Hong Kong) |  | 391500 | 4688773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Suntec Real Estate Investment Trust (Singapore) |  | 135900 | 134852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swiss Prime Site AG (Switzerland) |  | 28791 | 4025423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wharf Real Estate Investment Co. Ltd. (Hong Kong) |  | 1012000 | 2991024 |
|  |  |  | 78562064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HEALTH CARE | 3.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aedifica SA (Belgium) |  | 43654 | 3231439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CareTrust REIT, Inc. |  | 103437 | 3587195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Healthcare Realty Trust, Inc., Class A |  | 305820 | 5513935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Omega Healthcare Investors, Inc. |  | 98493 | 4158374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PACS Group, Inc.(b) |  | 29293 | 402193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parkway Life Real Estate Investment Trust (Singapore) |  | 400920 | 1280507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Welltower, Inc. |  | 204106 | 36359443 |
|  |  |  | 54533086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HOTEL | 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.(b) |  | 123305 | 3332318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Host Hotels & Resorts, Inc. |  | 707963 | 12049530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan Hotel REIT Investment Corp. (Japan) |  | 3678 | 2218464 |
|  |  |  | 17600312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INDUSTRIAL OFFICE | 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Castellum AB (Sweden) |  | 89024 | 1005189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sirius Real Estate Ltd. (Germany) |  | 572177 | 752206 |
|  |  |  | 1757395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INDUSTRIALS | 2.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Catena AB (Sweden) |  | 16372 | 744308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dream Industrial Real Estate Investment Trust (Canada) |  | 618816 | 5526969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GLP J-REIT (Japan) |  | 427 | 394127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mitsui Fudosan Logistics Park, Inc. (Japan) |  | 366 | 263082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nippon Prologis REIT, Inc. (Japan) |  | 6008 | 3510100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prologis, Inc. |  | 156286 | 17897873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Segro PLC (United Kingdom) |  | 154433 | 1361245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tritax Big Box REIT PLC (United Kingdom) |  | 1803313 | 3504522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VGP NV (Belgium) |  | 7931 | 885514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warehouses De Pauw CVA (Belgium) |  | 72041 | 1799858 |
|  |  |  | 35887598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INFRASTRUCTURE | 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SBA Communications Corp., Class A |  | 8156 | 1576963 |

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| | | | |
|:---|:---|:---|:---|
|  | | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OFFICE | 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BXP, Inc. |  | 44588 | $3314672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gecina SA (France) |  | 4265 | 427125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Great Portland Estates PLC (United Kingdom) |  | 182055 | 779833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hudson Pacific Properties, Inc.(b) |  | 159712 | 440805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan Real Estate Investment Corp. (Japan) |  | 3316 | 2791642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Keppel REIT (Singapore) |  | 1938700 | 1517956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kilroy Realty Corp. |  | 125599 | 5306558 |
|  |  |  | 14578591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RESIDENTIAL | 3.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Homes 4 Rent, Class A |  | 114019 | 3791132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Centurion Accommodation REIT (Singapore)(b) |  | 3102900 | 2501660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Essex Property Trust, Inc. |  | 66928 | 17913948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invitation Homes, Inc. |  | 404193 | 11854981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LEG Immobilien SE (Germany) |  | 16955 | 1347638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mitsui Fudosan Accommodations Fund, Inc. (Japan) |  | 1711 | 1527214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sun Communities, Inc. |  | 64094 | 8268126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TAG Immobilien AG (Germany) |  | 111512 | 1924535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UNITE Group PLC (United Kingdom) |  | 40750 | 394045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vonovia SE (Germany) |  | 122852 | 3829425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Xior Student Housing NV (Belgium)(d) |  | 31898 | 1095409 |
|  |  |  | 54448113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RETAIL | 2.9% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agree Realty Corp. |  | 151191 | 10740609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frasers Centrepoint Trust (Singapore) |  | 717727 | 1290846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kimco Realty Corp. |  | 298494 | 6522094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kite Realty Group Trust |  | 83479 | 1861582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Klepierre SA (France) |  | 104226 | 4057676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mercialys SA (France) |  | 135458 | 1743019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp. |  | 77359 | 4702653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Simon Property Group, Inc. |  | 47844 | 8978883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unibail-Rodamco-Westfield (France) |  | 21541 | 2261958 |
|  |  |  | 42159320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SELF STORAGE | 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Big Yellow Group PLC (United Kingdom) |  | 120320 | 1572874 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extra Space Storage, Inc. |  | 76877 | 10835044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Storage |  | 15857 | 4580295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Safestore Holdings PLC (United Kingdom) |  | 91529 | 809980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shurgard Self Storage Ltd. (Belgium) |  | 13061 | 494530 |
|  |  |  | 18292723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SPECIALTY | 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iron Mountain, Inc. |  | 103437 | 10544368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Outfront Media, Inc. |  | 74265 | 1360535 |
|  |  |  | 11904903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TIMBER | 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weyerhaeuser Co. |  | 116538 | 2888977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL REAL ESTATE |  |  | 368827730 |

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| | | | |
|:---|:---|:---|:---|
|  | | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; TOLL ROADS | 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vinci SA (France) |  | 115502 | $15994633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zhejiang Expressway Co. Ltd., (H Shares) (China) |  | 690000 | 637514 |
|  |  |  | 16632147 |
| &nbsp;&nbsp;&nbsp;&nbsp; TRANSPORT LOGISTICS | 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Qube Holdings Ltd. (Australia) |  | 429123 | 1167037 |
| &nbsp;&nbsp;&nbsp;&nbsp; WATER | 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Water Works Co., Inc. |  | 34915 | 4859819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pennon Group PLC (United Kingdom) |  | 506403 | 3184642 |
|  |  |  | 8044461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMON STOCK <br>(Identified cost—$720,703,840) |  |  | 855990357 |
|  EXCHANGE-TRADED FUNDS | 7.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CORPORATE BONDS | 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SPDR Portfolio Short Term Corporate Bond ETF |  | 788925 | 23896539 |
| &nbsp;&nbsp;&nbsp;&nbsp; GOLD | 5.6% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; iShares Gold Trust(b) |  | 337303 | 24545539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SPDR Gold MiniShares Trust(b) |  | 749082 | 57267319 |
|  |  |  | 81812858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL EXCHANGE-TRADED FUNDS <br>(Identified cost—$68,013,349) |  |  | 105709397 |
|  PREFERRED SECURITIES—EXCHANGE-TRADED | 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; BANKING | 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley, 6.875%, Series F(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley, 6.875%, Series F(e) | 1547 | 38907 |
| &nbsp;&nbsp;&nbsp;&nbsp; INSURANCE | 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reinsurance Group of America, Inc., 5.75% to 6/15/26, due 6/15/56(f) |  | 7412 | 184262 |
| &nbsp;&nbsp;&nbsp;&nbsp; UTILITIES | 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Algonquin Power & Utilities Corp., 8.76% (3 Month USD Term SOFR + 4.01%),<br>due 7/1/79, Series 19-A (Canada)(g) |  | 10000 | 255000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL PREFERRED SECURITIES—EXCHANGE-TRADED <br>(Identified cost—$474,491) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL PREFERRED SECURITIES—EXCHANGE-TRADED <br>(Identified cost—$474,491) |  | 478169 |
|  |  | **Principal<br>Amount\*** |  |
|  PREFERRED SECURITIES—OVER-THE-COUNTER | 5.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BANKING | 0.9% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp., 6.30% to 3/10/26, Series DD(e)(f) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp., 6.30% to 3/10/26, Series DD(e)(f) | 950000 | 956548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays PLC, 6.125% to 12/15/25 (United Kingdom)(e)(f)(h) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays PLC, 6.125% to 12/15/25 (United Kingdom)(e)(f)(h) | 1000000 | 1001275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc., 6.25% to 8/15/26, Series T(e)(f) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc., 6.25% to 8/15/26, Series T(e)(f) | 1200000 | 1209022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC Holdings PLC, 6.00% to 5/22/27 (United Kingdom)(e)(f)(h) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC Holdings PLC, 6.00% to 5/22/27 (United Kingdom)(e)(f)(h) | 1600000 | 1608147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; M&T Bank Corp., 5.40% to 7/30/30, due 7/30/35(f) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; M&T Bank Corp., 5.40% to 7/30/30, due 7/30/35(f) | 725000 | 730746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toronto-Dominion Bank, 8.125% to 10/31/27, due 10/31/82 (Canada)(f) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toronto-Dominion Bank, 8.125% to 10/31/27, due 10/31/82 (Canada)(f) | 3000000 | 3174902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truist Financial Corp., 4.949% (3 Month USD Term SOFR + 0.912%), due 3/15/28(g) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truist Financial Corp., 4.949% (3 Month USD Term SOFR + 0.912%), due 3/15/28(g) | 550000 | 539271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truist Financial Corp., 5.143% (3 Month USD Term SOFR + 0.932%), due 5/15/27, Series A(g) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truist Financial Corp., 5.143% (3 Month USD Term SOFR + 0.932%), due 5/15/27, Series A(g) | 600000 | 595664 |

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---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount\*** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truist Financial Corp., 6.669% to 3/1/26, Series N(e)(f) |  | 2343000 | $2356503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS Group AG, 5.125% to 7/29/26 (Switzerland)(d)(e)(f)(h) |  | 1000000 | 998776 |
|  |  |  | 13170854 |
| &nbsp;&nbsp;&nbsp;&nbsp; CONSUMER DISCRETIONARY | 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Volkswagen Group of America Finance LLC, 5.40%, due 3/20/26<br>(Germany)(c) |  | 3433000 | 3451394 |
| &nbsp;&nbsp;&nbsp;&nbsp; CONSUMER DISCRETIONARY PRODUCTS | 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Volkswagen Group of America Finance LLC, 1.25%, due 11/24/25<br>(Germany)(c) |  | 3410000 | 3394015 |
| &nbsp;&nbsp;&nbsp;&nbsp; FINANCIAL SERVICES | 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley, 5.00%, due 11/24/25 |  | 6840000 | 6845274 |
| &nbsp;&nbsp;&nbsp;&nbsp; INSURANCE | 2.9% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Argentum Netherlands BV for Swiss Re Ltd., 5.524% to 8/15/27 (Switzerland)(d)(e)(f) |  | 1400000 | 1410435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Argentum Netherlands BV for Swiss Re Ltd., 5.625% to 8/15/27, due 8/15/52 (Switzerland)(d)(f) |  | 981000 | 993089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AXA SA, 5.125% to 1/17/27, due 1/17/47 (France)(d)(f) |  | 3100000 | 3125251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cloverie PLC for Zurich Insurance Co. Ltd., 5.625% to 6/24/26, due 6/24/46 (Switzerland)(d)(f) |  | 7050000 | 7085603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corebridge Financial, Inc., 6.875% to 9/15/27, due 12/15/52(f) |  | 4055000 | 4159405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meiji Yasuda Life Insurance Co., 5.10% to 4/26/28, due 4/26/48 (Japan)(c)(f) |  | 2400000 | 2426700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meiji Yasuda Life Insurance Co., 5.20% to 10/20/25, due 10/20/45<br>(Japan)(c)(f) |  | 11122000 | 11123019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nippon Life Insurance Co., 4.00% to 9/19/27, due 9/19/47 (Japan)(c)(f) |  | 2115000 | 2090264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nippon Life Insurance Co., 4.70% to 1/20/26, due 1/20/46 (Japan)(c)(f) |  | 10200000 | 10193873 |
|  |  |  | 42607639 |
| &nbsp;&nbsp;&nbsp;&nbsp; PIPELINES | 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enbridge, Inc., 5.50% to 7/15/27, due 7/15/77, Series 2017-A (Canada)(f) |  | 2250000 | 2241540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transcanada Trust, 5.875% to 8/15/26, due 8/15/76, Series 16-A (Canada)(f) |  | 5987000 | 6012972 |
|  |  |  | 8254512 |
| &nbsp;&nbsp;&nbsp;&nbsp; TELECOMMUNICATIONS | 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rogers Communications, Inc., 5.25% to 3/15/27, due 3/15/82 (Canada)(c)(f) |  | 3850000 | 3826245 |
| &nbsp;&nbsp;&nbsp;&nbsp; UTILITIES | 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emera, Inc., 6.75% to 6/15/26, due 6/15/76, Series 16-A<br>(Canada)(f) |  | 1656000 | 1666656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sempra, 4.875% to 10/15/25(e)(f) |  | 1705000 | 1706842 |
|  |  |  | 3373498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL PREFERRED SECURITIES—OVER-THE-COUNTER <br>(Identified cost—$84,256,054) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL PREFERRED SECURITIES—OVER-THE-COUNTER <br>(Identified cost—$84,256,054) |  | 84923431 |
|  CORPORATE BONDS | 9.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CONSUMER STAPLE PRODUCTS | 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mars, Inc., 4.45%, due 3/1/27(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mars, Inc., 4.45%, due 3/1/27(c) | 1775000 | 1788521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mars, Inc., 4.60%, due 3/1/28(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mars, Inc., 4.60%, due 3/1/28(c) | 2540000 | 2571607 |
|  |  |  | 4360128 |
| &nbsp;&nbsp;&nbsp;&nbsp; ENERGY | 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BP Capital Markets America, Inc., 5.017%, due 11/17/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BP Capital Markets America, Inc., 5.017%, due 11/17/27 | 1240000 | 1266491 |
| &nbsp;&nbsp;&nbsp;&nbsp; HEALTH CARE | 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AbbVie, Inc., 4.65%, due 3/15/28 |  | 1450000 | 1474172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co., 4.90%, due 2/22/27 |  | 1475000 | 1494861 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount\*** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eli Lilly & Co., 4.00%, due 10/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eli Lilly & Co., 4.00%, due 10/15/28 | 4750000 | $4759365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Johnson & Johnson, 4.55%, due 3/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Johnson & Johnson, 4.55%, due 3/1/28 | 1720000 | 1754450 |
|  |  |  | 9482848 |
| &nbsp;&nbsp;&nbsp;&nbsp; INDUSTRIAL PRODUCTS | 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John Deere Capital Corp., 4.20%, due 7/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John Deere Capital Corp., 4.20%, due 7/15/27 | 945000 | 951509 |
| &nbsp;&nbsp;&nbsp;&nbsp; OIL & GAS | 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repsol E&P Capital Markets U.S. LLC, 4.805%, due 9/16/28 (Spain)(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repsol E&P Capital Markets U.S. LLC, 4.805%, due 9/16/28 (Spain)(c) | 1300000 | 1306058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repsol E&P Capital Markets U.S. LLC, 5.204%, due 9/16/30 (Spain)(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repsol E&P Capital Markets U.S. LLC, 5.204%, due 9/16/30 (Spain)(c) | 750000 | 755767 |
|  |  |  | 2061825 |
| &nbsp;&nbsp;&nbsp;&nbsp; PIPELINES | 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Bow USA Infrastructure Holdings LLC, 4.911%, due 9/1/27 (Canada) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Bow USA Infrastructure Holdings LLC, 4.911%, due 9/1/27 (Canada) | 2903000 | 2928462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Bow USA Infrastructure Holdings LLC, 5.026%, due 10/1/29 (Canada) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Bow USA Infrastructure Holdings LLC, 5.026%, due 10/1/29 (Canada) | 700000 | 708240 |
|  |  |  | 3636702 |
| &nbsp;&nbsp;&nbsp;&nbsp; REAL ESTATE | 4.9% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Homes 4 Rent LP, 4.25%, due 2/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Homes 4 Rent LP, 4.25%, due 2/15/28 | 2551000 | 2545383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp., 3.125%, due 1/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp., 3.125%, due 1/15/27 | 1250000 | 1233170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp., 5.80%, due 11/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp., 5.80%, due 11/15/28 | 1600000 | 1671333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AvalonBay Communities, Inc., 2.95%, due 5/11/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AvalonBay Communities, Inc., 2.95%, due 5/11/26 | 1275000 | 1266317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boston Properties LP, 3.65%, due 2/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boston Properties LP, 3.65%, due 2/1/26 | 3210000 | 3200584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Castle, Inc., 4.45%, due 2/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Castle, Inc., 4.45%, due 2/15/26 | 2338000 | 2336944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Castle, Inc., 4.80%, due 9/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Castle, Inc., 4.80%, due 9/1/28 | 1525000 | 1547170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Castle, Inc., 5.00%, due 1/11/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Castle, Inc., 5.00%, due 1/11/28 | 2479000 | 2514311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CubeSmart LP, 3.125%, due 9/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CubeSmart LP, 3.125%, due 9/1/26 | 2051000 | 2032527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CubeSmart LP, 4.00%, due 11/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CubeSmart LP, 4.00%, due 11/15/25 | 8152000 | 8142280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equinix, Inc., 1.45%, due 5/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equinix, Inc., 1.45%, due 5/15/26 | 1100000 | 1081295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ERP Operating LP, 3.25%, due 8/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ERP Operating LP, 3.25%, due 8/1/27 | 1400000 | 1381532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Essex Portfolio LP, 3.375%, due 4/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Essex Portfolio LP, 3.375%, due 4/15/26 | 1504000 | 1496495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal Realty OP LP, 3.25%, due 7/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal Realty OP LP, 3.25%, due 7/15/27 | 2250000 | 2214303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Host Hotels & Resorts LP, 4.50%, due 2/1/26, Series F | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Host Hotels & Resorts LP, 4.50%, due 2/1/26, Series F | 3486000 | 3481663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kimco Realty OP LLC, 3.25%, due 8/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kimco Realty OP LLC, 3.25%, due 8/15/26 | 1559000 | 1545102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NNN REIT, Inc., 4.00%, due 11/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NNN REIT, Inc., 4.00%, due 11/15/25 | 404000 | 403633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp., 0.75%, due 3/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp., 0.75%, due 3/15/26 | 500000 | 492176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp., 3.20%, due 1/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp., 3.20%, due 1/15/27 | 587000 | 580388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp., 4.625%, due 11/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp., 4.625%, due 11/1/25 | 800000 | 799957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp., 5.05%, due 1/13/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp., 5.05%, due 1/13/26 | 1583000 | 1583314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regency Centers LP, 3.60%, due 2/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regency Centers LP, 3.60%, due 2/1/27 | 1180000 | 1172131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regency Centers LP, 3.90%, due 11/1/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regency Centers LP, 3.90%, due 11/1/25 | 4112000 | 4105901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SBA Communications Corp., 3.875%, due 2/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SBA Communications Corp., 3.875%, due 2/15/27 | 1400000 | 1379953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Scentre Group Trust 1/Scentre Group Trust 2, 3.25%, due 10/28/25 (Australia)(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Scentre Group Trust 1/Scentre Group Trust 2, 3.25%, due 10/28/25 (Australia)(c) | 2253000 | 2250785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Scentre Group Trust 1/Scentre Group Trust 2, 3.625%, due 1/28/26 (Australia)(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Scentre Group Trust 1/Scentre Group Trust 2, 3.625%, due 1/28/26 (Australia)(c) | 5869000 | 5855510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tanger Properties LP, 3.875%, due 7/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tanger Properties LP, 3.875%, due 7/15/27 | 2000000 | 1983494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UDR, Inc., 2.95%, due 9/1/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UDR, Inc., 2.95%, due 9/1/26 | 250000 | 247488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UDR, Inc., 3.50%, due 7/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UDR, Inc., 3.50%, due 7/1/27 | 2037000 | 2016465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ventas Realty LP, 4.125%, due 1/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ventas Realty LP, 4.125%, due 1/15/26 | 5672000 | 5660722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VICI Properties LP, 4.75%, due 4/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VICI Properties LP, 4.75%, due 4/1/28 | 515000 | 520648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VICI Properties LP/VICI Note Co., Inc., 4.50%, due 1/15/28(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VICI Properties LP/VICI Note Co., Inc., 4.50%, due 1/15/28(c) | 1587000 | 1585438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VICI Properties LP/VICI Note Co., Inc., 5.75%, due 2/1/27(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VICI Properties LP/VICI Note Co., Inc., 5.75%, due 2/1/27(c) | 1525000 | 1544529 |

---

------

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| | | | |
|:---|:---|:---|:---|
|  | | **Principal<br>Amount\*** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Welltower OP LLC, 4.25%, due 4/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Welltower OP LLC, 4.25%, due 4/15/28 | 1877000 | $1888892 |
|  |  |  | 71761833 |
| &nbsp;&nbsp;&nbsp;&nbsp; RETAIL & WHOLESALE—DISCRETIONARY | 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home Depot, Inc., 4.875%, due 6/25/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home Depot, Inc., 4.875%, due 6/25/27 | 2200000 | 2237215 |
| &nbsp;&nbsp;&nbsp;&nbsp; TELECOMMUNICATIONS | 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AT&T, Inc., 2.30%, due 6/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AT&T, Inc., 2.30%, due 6/1/27 | 3309000 | 3212922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AT&T, Inc., 4.25%, due 3/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AT&T, Inc., 4.25%, due 3/1/27 | 374000 | 374745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rogers Communications, Inc., 3.625%, due 12/15/25 (Canada) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rogers Communications, Inc., 3.625%, due 12/15/25 (Canada) | 6845000 | 6832532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; T-Mobile USA, Inc., 2.25%, due 2/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; T-Mobile USA, Inc., 2.25%, due 2/15/26 | 750000 | 744204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; T-Mobile USA, Inc., 2.625%, due 4/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; T-Mobile USA, Inc., 2.625%, due 4/15/26 | 2230000 | 2212198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; T-Mobile USA, Inc., 3.75%, due 4/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; T-Mobile USA, Inc., 3.75%, due 4/15/27 | 1750000 | 1740326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; T-Mobile USA, Inc., 4.75%, due 2/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; T-Mobile USA, Inc., 4.75%, due 2/1/28 | 2250000 | 2253493 |
|  |  |  | 17370420 |
| &nbsp;&nbsp;&nbsp;&nbsp; UTILITIES | 1.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Algonquin Power & Utilities Corp., 5.365%, due 6/15/26 (Canada) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Algonquin Power & Utilities Corp., 5.365%, due 6/15/26 (Canada) | 1740000 | 1752905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CMS Energy Corp., 3.60%, due 11/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CMS Energy Corp., 3.60%, due 11/15/25 | 4235000 | 4225944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dominion Energy, Inc., 4.60%, due 5/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dominion Energy, Inc., 4.60%, due 5/15/28 | 1380000 | 1394376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DTE Energy Co., 4.875%, due 6/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DTE Energy Co., 4.875%, due 6/1/28 | 2995000 | 3047687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DTE Energy Co., 4.95%, due 7/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DTE Energy Co., 4.95%, due 7/1/27 | 910000 | 921776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Duke Energy Corp., 4.85%, due 1/5/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Duke Energy Corp., 4.85%, due 1/5/27 | 1405000 | 1419261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enel Finance International NV, 4.125%, due 9/30/28 (Italy)(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enel Finance International NV, 4.125%, due 9/30/28 (Italy)(c) | 3800000 | 3790754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enel Finance International NV, 7.05%, due 10/14/25 (Italy)(c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enel Finance International NV, 7.05%, due 10/14/25 (Italy)(c) | 800000 | 800708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc., 4.685%, due 9/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc., 4.685%, due 9/1/27 | 1855000 | 1875531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc., 4.95%, due 1/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc., 4.95%, due 1/29/26 | 1625000 | 1629318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NiSource, Inc., 3.49%, due 5/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NiSource, Inc., 3.49%, due 5/15/27 | 1934000 | 1916314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southern Power Co., 0.90%, due 1/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southern Power Co., 0.90%, due 1/15/26 | 750000 | 742887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WEC Energy Group, Inc., 4.75%, due 1/9/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WEC Energy Group, Inc., 4.75%, due 1/9/26 | 1485000 | 1486709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WEC Energy Group, Inc., 5.60%, due 9/12/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WEC Energy Group, Inc., 5.60%, due 9/12/26 | 401000 | 406414 |
|  |  |  | 25410584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(Identified cost—$137,732,058) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(Identified cost—$137,732,058) |  | 138539555 |
|  U.S. TREASURY NOTES | 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States Treasury Notes, 4.125%, due 2/28/27 |  | 6400000 | 6439125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL U.S. TREASURY NOTES <br>(Identified cost—$6,420,155) |  |  | 6439125 |
|  |  | **Shares** |  |
|  WARRANTS | 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AGRIBUSINESS | 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minerva SA, exercise price $5.17, expires 4/7/28 (Brazil)(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minerva SA, exercise price $5.17, expires 4/7/28 (Brazil)(b) | 197322 | 109371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; REAL ESTATE—OFFICE | 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hudson Pacific Properties, Inc., exercise price $0.01(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hudson Pacific Properties, Inc., exercise price $0.01(b) | 280706 | 771942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL WARRANTS <br>(Identified cost—$623,167) |  |  | 881313 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | | **Shares** | **Value** |
|  SHORT-TERM INVESTMENTS | 19.0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MONEY MARKET FUNDS | 1.7% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional Treasury Plus Money Market Fund, Premier Class, 4.07%(i) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional Treasury Plus Money Market Fund, Premier Class, 4.07%(i) | 12730939 | $12730939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.09%(i) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund, Premier Class, 4.09%(i) | 12730274 | 12730274 |
|  |  |  | 25461213 |
|  |  | **Principal<br>Amount\*** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. TREASURY BILLS | 17.3% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills, 4.281%, due 10/7/25(j) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills, 4.281%, due 10/7/25(j) | 86630000 | 86569431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills, 4.344%, due 11/18/25(j)(k) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills, 4.344%, due 11/18/25(j)(k) | 91000000 | 90487306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills, 4.349%, due 11/18/25(j)(k) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills, 4.349%, due 11/18/25(j)(k) | 28000000 | 27842080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills, 3.948%, due 12/11/25(j) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills, 3.948%, due 12/11/25(j) | 20000000 | 19848336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills, 3.975%, due 12/11/25(j) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills, 3.975%, due 12/11/25(j) | 30000000 | 29772505 |
|  |  |  | 254519658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL SHORT-TERM INVESTMENTS <br>(Identified cost—$279,977,774) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL SHORT-TERM INVESTMENTS <br>(Identified cost—$279,977,774) |  | 279980871 |
|  TOTAL INVESTMENTS IN SECURITIES <br>(Identified cost—$1,298,200,888) | 99.7% |  | 1472942218 |
|  OTHER ASSETS IN EXCESS OF LIABILITIES(l) | 0.3 |  | 4743748 |
|  NET ASSETS | 100.0% |  | $1477685966 |

---

**Over-the-Counter Total Return Swap Contracts** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Notional<br>Amount** | **Fixed<br>Payable<br>Rate** | **Fixed<br>Payment<br>Frequency** | **Underlying<br>Reference Entity** | **Position** | **Maturity<br>Date** | **Value** | **Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| BNP Paribas | $355576449 | 0.075% | Monthly | BNPXDDIC Index(m) | Long | 6/5/26 | $115461 | $— | $115461 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** |
| **Description** | **Number of<br>Contracts** | **Expiration Date** | **Notional<br>Amount** | **Notional<br>Value** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  <u>LONG FUTURES OUTSTANDING</u> | <u>LONG FUTURES OUTSTANDING</u> |  |  |  |  |
|  Aluminum HG LME | 105 | October 13, 2025 | $6565791 | $7042350 | $476559 |
|  Aluminum HG LME | 103 | November 17, 2025 | 6454396 | 6904013 | 449617 |
|  Aluminum HG LME | 111 | December 15, 2025 | 7251222 | 7439470 | 188248 |
|  Aluminum HG LME | 110 | January 19, 2026 | 7194276 | 7379680 | 185404 |
|  Brent Crude Oil(n) | 171 | December 30, 2025 | 11258872 | 11169720 | (89152) |
|  Brent Crude Oil(n) | 171 | January 30, 2026 | 11240112 | 11138940 | (101172) |
|  Coffee C | 38 | March 19, 2026 | 4424466 | 5115037 | 690571 |
|  Coffee C | 45 | May 18, 2026 | 6117195 | 5863219 | (253976) |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** |
| **Description** | **Number of<br>Contracts** | **Expiration Date** | **Notional<br>Amount** | **Notional<br>Value** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  Copper | 83 | March 27, 2026 | $11691407 | $10209000 | $(1482407) |
|  Copper | 84 | May 27, 2026 | 9869851 | 10403400 | 533549 |
|  Corn | 583 | March 13, 2026 | 12518588 | 12592800 | 74212 |
|  Corn | 209 | May 14, 2026 | 4697609 | 4616288 | (81321) |
|  Cotton No.2 | 77 | March 9, 2026 | 2656112 | 2601445 | (54667) |
|  Cotton No.2 | 75 | May 6, 2026 | 2620824 | 2582250 | (38574) |
|  Gasoline RBOB | 43 | November 28, 2025 | 3308335 | 3385708 | 77373 |
|  Gasoline RBOB | 41 | December 31, 2025 | 3129850 | 3187767 | 57917 |
|  Gold 100 oz | 88 | February 25, 2026 | 32639420 | 34360480 | 1721060 |
|  Gold 100 oz | 89 | April 28, 2026 | 31118319 | 34995690 | 3877371 |
|  KC HRW Wheat | 108 | March 13, 2026 | 2977180 | 2801250 | (175930) |
|  KC HRW Wheat | 104 | May 14, 2026 | 2839300 | 2775500 | (63800) |
|  Lead LME | 31 | October 13, 2025 | 1548493 | 1513482 | (35011) |
|  Lead LME | 31 | November 17, 2025 | 1554536 | 1527672 | (26864) |
|  Lead LME | 62 | January 19, 2026 | 3133795 | 3093149 | (40646) |
|  Lead LME | 29 | March 16, 2026 | 1504008 | 1462745 | (41263) |
|  Lean Hogs(n) | 40 | December 12, 2025 | 1279640 | 1419600 | 139960 |
|  Lean Hogs(n) | 141 | February 13, 2026 | 5047667 | 5092920 | 45253 |
|  Live Cattle | 122 | February 27, 2026 | 11457996 | 11574140 | 116144 |
|  Live Cattle | 30 | April 30, 2026 | 2814622 | 2857800 | 43178 |
|  Low Sulphur Gasoil | 68 | December 11, 2025 | 4360105 | 4579800 | 219695 |
|  Low Sulphur Gasoil | 67 | January 12, 2026 | 4275007 | 4453825 | 178818 |
|  Natural Gas | 432 | October 29, 2025 | 17554586 | 14268960 | (3285626) |
|  Natural Gas | 420 | December 29, 2025 | 18211799 | 17543400 | (668399) |
|  Nickel LME | 80 | October 13, 2025 | 7240000 | 7241021 | 1021 |
|  Nickel LME | 41 | November 17, 2025 | 3799827 | 3728002 | (71825) |
|  Nickel LME | 44 | December 15, 2025 | 4018608 | 4015553 | (3055) |
|  Nickel LME | 43 | January 19, 2026 | 3968671 | 3942893 | (25778) |
|  Nickel LME | 41 | March 16, 2026 | 3814581 | 3786070 | (28511) |
|  NY Harbor ULSD | 38 | November 28, 2025 | 3562099 | 3671279 | 109180 |
|  NY Harbor ULSD | 37 | December 31, 2025 | 3461860 | 3548093 | 86233 |
|  Silver | 45 | March 27, 2026 | 8852366 | 10620000 | 1767634 |
|  Silver | 48 | May 27, 2026 | 10259981 | 11416320 | 1156339 |
|  Soybean | 313 | January 14, 2026 | 16211144 | 15966912 | (244232) |
|  Soybean | 76 | May 14, 2026 | 4110338 | 3989050 | (121288) |
|  Soybean Meal | 384 | January 14, 2026 | 11215577 | 10671360 | (544217) |
|  Soybean Oil | 222 | January 14, 2026 | 7078630 | 6638688 | (439942) |
|  Soybean Oil | 68 | March 13, 2026 | 2199169 | 2050200 | (148969) |
|  Soybean Oil | 157 | May 14, 2026 | 4916119 | 4753332 | (162787) |
|  Sugar #11 (World) | 225 | February 27, 2026 | 4305145 | 4183200 | (121945) |
|  Sugar #11 (World) | 235 | April 30, 2026 | 4242664 | 4248048 | 5384 |
|  Wheat | 340 | March 13, 2026 | 9258550 | 8959000 | (299550) |
|  WTI Crude Oil | 157 | November 20, 2025 | 9712271 | 9727720 | 15449 |
|  WTI Crude Oil | 155 | December 19, 2025 | 9561410 | 9560400 | (1010) |
|  Zinc LME | 52 | October 13, 2025 | 3408319 | 3892642 | 484323 |
|  Zinc LME | 48 | November 17, 2025 | 3207414 | 3571572 | 364158 |
|  Zinc LME | 53 | December 15, 2025 | 3753214 | 3934111 | 180897 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** |
| **Description** | **Number of<br>Contracts** | **Expiration Date** | **Notional<br>Amount** | **Notional<br>Value** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  Zinc LME | 53 | January 19, 2026 | $3662889 | $3923153 | $260264 |
|  |  |  | $399136225 | $403990119 | $4853894 |
|  <u>SHORT FUTURES OUTSTANDING</u> | <u>SHORT FUTURES OUTSTANDING</u> |  |  |  |  |
|  Aluminum HG LME | 105 | October 13, 2025 | $(6844363) | $(7042350) | $(197987) |
|  Aluminum HG LME | 103 | November 17, 2025 | (6720009) | (6904013) | (184004) |
|  Aluminum HG LME | 2 | January 19, 2026 | (133003) | (134176) | (1173) |
|  Lead LME | 31 | October 13, 2025 | (1579991) | (1513482) | 66509 |
|  Lead LME | 31 | November 17, 2025 | (1557338) | (1527672) | 29666 |
|  Lead LME | 29 | March 16, 2026 | (1476269) | (1462746) | 13523 |
|  Nickel LME | 80 | October 13, 2025 | (7422647) | (7241019) | 181628 |
|  Nickel LME | 41 | November 17, 2025 | (3754275) | (3728003) | 26272 |
|  Nickel LME | 41 | March 16, 2026 | (3790481) | (3786070) | 4411 |
|  Zinc LME | 52 | October 13, 2025 | (3565187) | (3892642) | (327455) |
|  Zinc LME | 48 | November 17, 2025 | (3396594) | (3571572) | (174978) |
|  Zinc LME | 1 | January 19, 2026 | (70622) | (74022) | (3400) |
|  |  |  | $(40310779) | $(40877767) | $(566988) |

---

Glossary of Portfolio Abbreviations

---

| | |
|:---|:---|
| ADR | American Depositary Receipt |
| ETF | Exchange-Traded Fund |
| GDR | Global Depositary Receipt |
| HG | High Grade |
| HRW | Hard Red Winter |
| LME | London Metal Exchange |
| RBOB | Reformulated Gasoline Blendstock for Oxygen Blending |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |
| SPDR | Standard & Poor's Depositary Receipt |
| ULSD | Ultra Low Sulfur Diesel |
| USD | United States Dollar |
| WTI | West Texas Intermediate |

---

------

**Fair Value Hierarchy as of Period End** 

Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund's policy regarding valuation of financial instruments, refer to the Notes to Consolidated Schedule of Investments.

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Consolidated Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Quoted Prices in<br>Active Markets<br>for Identical<br>Investments<br>(Level 1)** | **Other<br>Significant<br>Observable<br>Inputs<br>(Level 2)** | **Significant<br>Unobservable<br>Inputs<br>(Level 3)** | **Total** |
|  Common Stock | $855990357 | $— | $— | $855990357 |
|  Exchange-Traded Funds | 105709397 |  |  | 105709397 |
|  Preferred Securities—Exchange-Traded | 478169 |  |  | 478169 |
|  Preferred Securities—Over-the-Counter |  | 84923431 |  | 84923431 |
|  Corporate Bonds |  | 138539555 |  | 138539555 |
|  U.S. Treasury Notes |  | 6439125 |  | 6439125 |
|  Warrants: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate |  | 771942 |  | 771942 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Industries | 109371 |  |  | 109371 |
|  Short-Term Investments |  | 279980871 |  | 279980871 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments in Securities(o) | $962287294 | $510654924 | $— | $1472942218 |
|  Futures Contracts | $13827820 | $— | $— | $13827820 |
|  Total Return Swaps Contracts |  | 115461 |  | 115461 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Derivative Assets(o) | $13827820 | $115461 | $— | $13943281 |
|  Futures Contracts | $(9540914) | $— | $— | $(9540914) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Derivative Liabilities(o) | $(9540914) | $— | $— | $(9540914) |

---

Note: Percentages indicated are based on the net assets of the Fund.

\* Amount denominated in U.S. dollars unless otherwise indicated. 

(a) All or a portion of the security is pledged in connection with exchange-traded written option contracts.
$4,599 in aggregate has been pledged as collateral.

(b) Non–income producing security.

(c) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only
be resold to qualified institutional buyers. Aggregate holdings amounted to $78,730,386 which represents 5.3% of the net assets of the Fund, of which 0.0% are illiquid.

(d) Securities exempt from registration under Regulation S of the Securities Act of 1933. These securities are
subject to resale restrictions. Aggregate holdings amounted to $14,708,563 which represents 1.0% of the net assets of the Fund, of which 0.0% are illiquid.

(e) Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed by
the issuer.

(f) Security converts to floating rate after the indicated fixed–rate coupon period.

(g) Variable rate. Rate shown is in effect at September 30, 2025.

(h) Contingent Capital security (CoCo). CoCos are debt or preferred securities with loss absorption
characteristics built into the terms of the security for the benefit of the issuer. Aggregate holdings amounted to $3,608,198 or 0.2% of the net assets of the Fund.

(i) Rate quoted represents the annualized seven–day yield.

(j) The rate shown is the effective yield on the date of purchase.

(k) All or a portion of this security has been pledged as collateral for futures contracts. $33,471,354 in
aggregate has been pledged as collateral to Morgan Stanley & Co. LLC.

(l) Other assets in excess of liabilities include unrealized appreciation/depreciation on open futures contracts
at September 30, 2025.

(m) The BNP Paribas Daily CDI Carry Index (BNPXDDIC Index) seeks to capture the difference in carry costs
between different commodity futures contracts while maintaining a diversified exposure and managing the risk of the portfolio. The Fund has indirect exposure to all of the below underlying positions that make up the custom index at September 30,
2025. When applicable, the table is limited to the largest 50 positions (based on absolute market value).

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Commodity Name** | **Expiration Date** | **Weight** | **Quantity<sup>1</sup>** | **9/30/25 Value<sup>1</sup>** |
|  WTI Crude Oil | March 20, 2026 | -2.22% | (128.79) | (7893891) |
|  WTI Crude Oil | November 20, 2025 | 2.22% | 127.31 | 7888336 |
|  WTI Crude Oil | October 21, 2025 | 2.22% | 126.43 | 7885304 |
|  WTI Crude Oil | December 19, 2025 | 2.16% | 124.60 | 7685568 |
|  WTI Crude Oil | February 20, 2026 | -2.12% | (122.94) | (7543767) |
|  Brent Crude Oil | March 31, 2026 | -1.97% | (108.02) | (7023162) |
|  Brent Crude Oil | February 27, 2026 | -1.97% | (107.92) | (7021082) |
|  Brent Crude Oil | December 30, 2025 | 1.97% | 107.43 | 7017366 |
|  Brent Crude Oil | November 28, 2025 | 1.97% | 106.92 | 7015792 |
|  Brent Crude Oil | October 31, 2025 | 1.97% | 106.25 | 7015420 |
|  Copper | December 14, 2026 | 1.84% | 25.37 | 6538857 |
|  Copper | June 15, 2026 | 1.84% | 25.42 | 6535123 |
|  Copper | March 16, 2026 | -1.84% | (25.42) | (6532536) |
|  Copper | November 17, 2025 | -1.83% | (25.45) | (6525467) |
|  Natural Gas | November 25, 2025 | -1.75% | (160.57) | (6230108) |
|  Natural Gas | January 28, 2026 | 1.75% | 156.30 | 6219344 |
|  Natural Gas | April 28, 2026 | 1.75% | 176.62 | 6213571 |
|  Corn | December 14, 2026 | 1.49% | 231.27 | 5307597 |
|  WTI Crude Oil | April 21, 2026 | -1.49% | (86.47) | (5297125) |
|  Corn | July 14, 2026 | -1.48% | (234.83) | (5271971) |
|  Natural Gas | November 25, 2026 | -1.44% | (113.14) | (5135589) |
|  Brent Crude Oil | April 30, 2026 | -1.43% | (78.19) | (5081495) |
|  Natural Gas | December 29, 2025 | -1.40% | (119.31) | (4983763) |
|  Soybean | November 14, 2025 | -1.36% | (96.89) | (4852915) |
|  Soybean | January 14, 2026 | -1.36% | (95.08) | (4850142) |
|  Soybean | July 14, 2026 | 1.36% | 91.44 | 4849585 |
|  Soybean | May 14, 2026 | 1.36% | 92.39 | 4849111 |
|  Brent Crude Oil | September 30, 2026 | -1.33% | (72.97) | (4729873) |
|  WTI Crude Oil | January 20, 2026 | -1.31% | (75.63) | (4649443) |
|  WTI Crude Oil | June 22, 2026 | 1.27% | 74.04 | 4528069 |
|  Brent Crude Oil | October 31, 2028 | 1.18% | 63.17 | 4206669 |
|  Natural Gas | September 28, 2026 | 1.03% | 93.29 | 3665215 |
|  WTI Crude Oil | November 20, 2028 | 1.02% | 57.98 | 3623227 |
|  Gold 100 oz | April 28, 2026 | 0.94% | 8.51 | 3347719 |
|  WTI Crude Oil | May 19, 2026 | -0.93% | (54.00) | (3306074) |
|  Live Cattle | April 30, 2026 | 0.88% | 32.86 | 3130684 |
|  Live Cattle | December 31, 2025 | -0.88% | (33.31) | (3128224) |
|  Low Sulphur Gasoil | December 10, 2026 | -0.75% | (41.91) | (2655984) |
|  Low Sulphur Gasoil | June 11, 2026 | -0.75% | (41.49) | (2650922) |
|  Low Sulphur Gasoil | April 10, 2026 | 0.74% | 41.02 | 2649072 |
|  Low Sulphur Gasoil | February 12, 2026 | -0.74% | (40.17) | (2647467) |
|  Low Sulphur Gasoil | November 12, 2025 | 0.74% | 38.54 | 2647359 |
|  Low Sulphur Gasoil | December 11, 2025 | 0.74% | 39.30 | 2646943 |
|  Gasoline RBOB | November 28, 2025 | 0.74% | 33.53 | 2639983 |
|  Wheat | July 14, 2026 | 0.74% | 95.23 | 2627074 |
|  Low Sulphur Gasoil | January 12, 2026 | -0.71% | (37.79) | (2512014) |
|  Aluminum HG LME | December 15, 2025 | 0.71% | 37.46 | 2510728 |
|  Gasoline RBOB | October 31, 2025 | 0.70% | 31.01 | 2503370 |
|  Gasoline RBOB | February 27, 2026 | -0.66% | (29.77) | (2342277) |
|  Aluminum HG LME | June 15, 2026 | -0.63% | (32.94) | (2226851) |

---

<sup>1</sup> Amounts represent quantity and value of index components as they relate specifically to the Fund's swap position as of September 30, 2025 

(n) Futures contracts are cash settled based upon the price of the underlying 
commodity.

(o) Portfolio holdings are disclosed individually on the Consolidated Schedule of Investments.

------

---

| | |
|:---|:---|
| **Country Summary** | **% of<br>Net<br>Assets** |
|  United States | 50 |
|  Canada | 7.8 |
|  Japan | 4.4 |
|  Australia | 3.2 |
|  France | 2.5 |
|  United Kingdom | 2.3 |
|  Brazil | 1.1 |
|  Hong Kong | 1.1 |
|  Germany | 1 |
|  Switzerland | 1 |
|  Singapore | 0.9 |
|  Italy | 0.8 |
|  Spain | 0.7 |
|  India | 0.6 |
|  South Africa | 0.6 |
|  Belgium | 0.5 |
|  Other (includes short-term investments) | 21.5 |
|  | 100 |

---

------

**COHEN & STEERS REAL ASSETS FUND, INC.** 

NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

**Note 1. Portfolio Valuation** 

Investments in securities that are listed on the New York Stock Exchange (NYSE) are valued, except as indicated below, at the last sale price reflected at the close of the NYSE on the business day as of which such value is being determined. If there has been no sale on such day, the securities are valued at the mean of the closing bid and ask prices on such day or, if no ask price is available, at the bid price. Commodity futures contracts and options on futures contracts are valued at the settlement price as of the close of futures trading on the primary exchange on which the futures are traded. Exchange-traded options are valued at their last sale price as of the close of options trading on applicable exchanges on the valuation date. In the absence of a last sale price on such day, options are valued based upon prices provided by a third-party pricing service. Over-the-counter (OTC) option and total return swap contracts are valued based upon prices provided by a third-party pricing service or counterparty.

Securities not listed on the NYSE but listed on other domestic or foreign securities exchanges are valued in a similar manner. Securities traded on more than one securities exchange are valued at the last sale price reflected at the close of the exchange representing the principal market for such securities on the business day as of which such value is being determined. If after the close of a foreign market, but prior to the close of business on the day the securities are being valued, market conditions change significantly, certain non-U.S. equity holdings may be fair valued pursuant to procedures established by the Board of Directors.

Readily marketable securities traded in the OTC market, including listed securities whose primary market is believed by Cohen & Steers Capital Management, Inc. (the investment advisor) to be OTC, are valued on the basis of prices provided by a third-party pricing service or third-party broker-dealers when such prices are believed by the investment advisor, pursuant to delegation by the Board of Directors, to reflect the fair value of such securities.

Fixed-income securities are valued on the basis of prices provided by a third-party pricing service or third-party broker-dealers when such prices are believed by the investment advisor, pursuant to delegation by the Board of Directors, to reflect the fair value of such securities. The pricing services or broker-dealers use multiple valuation techniques to determine fair value. In instances where sufficient market activity exists, the pricing services or broker-dealers may utilize a market-based approach through which quotes from market makers are used to determine fair value. In instances where sufficient market activity may not exist or is limited, the pricing services or broker-dealers also utilize proprietary valuation models which may consider market transactions in comparable securities and the various relationships between securities in determining fair value and/or characteristics such as benchmark yield curves, option-adjusted spreads, credit spreads, estimated default rates, coupon rates, anticipated timing of principal repayments, underlying collateral, and other unique security features which are then used to calculate the fair values.

Short-term debt securities with a maturity date of 60 days or less are valued at amortized cost, which approximates fair value. Investments in open-end mutual funds are valued at their closing net asset value (NAV).

The Board of Directors has designated the investment advisor as the Fund's "Valuation Designee" under Rule 2a-5 under the Investment Company Act of 1940 (the 1940 Act). As Valuation Designee, the investment advisor is authorized to make fair valuation determinations, subject to the oversight of the Board of Directors. The investment advisor has established a valuation committee (Valuation Committee) to administer, implement and oversee the fair valuation process according to the policies and procedures approved annually by the Board of Directors. Among other things, these procedures allow the Fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Securities for which market prices are unavailable, or securities for which the investment advisor determines that the bid and/or ask price or a counterparty valuation does not reflect market value, will be valued at fair value, as determined in good faith by the Valuation Committee, pursuant to procedures approved by the Fund's Board of Directors. Circumstances in which market prices may be unavailable include, but are not limited to, when trading in a security is suspended, the exchange on which the security is traded is subject to an unscheduled close or disruption or material events occur after the close of the exchange on which the security is principally traded. In these circumstances, the Fund determines fair value in a manner that fairly reflects the market value of the security on the valuation date based on consideration of any information or factors it deems appropriate. These may include, but are not limited to, recent transactions in comparable securities, information relating to the specific security and developments in the markets.

Foreign equity fair value pricing procedures utilized by the Fund may cause certain non-U.S. equity holdings to be fair valued on the basis of fair value factors provided by a pricing service to reflect any significant market movements between the time the Fund values such securities and the earlier closing of foreign markets.

The Fund's use of fair value pricing may cause the NAV of Fund shares to differ from the NAV that would be calculated using market quotations. Fair value pricing involves subjective judgments and it is possible that the fair value determined for a security may be materially different than the value that could be realized upon the sale of that security.

------

**COHEN & STEERS REAL ASSETS FUND, INC.** 

NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

Fair value is defined as the price that the Fund would expect to receive upon the sale of an investment or expect to pay to transfer a liability in an orderly transaction with an independent buyer in the principal market or, in the absence of a principal market, the most advantageous market for the investment or liability. The hierarchy of inputs that are used in determining the fair value of the Fund's investments is summarized below.

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 — quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest
rates, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the
fair value of investments)

The inputs or methodology used for valuing investments may or may not be an indication of the risk associated with those investments. Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy.

The levels associated with valuing the Fund's investments as of September 30, 2025 are disclosed in the Fund's Consolidated Schedule of Investments.

**Note 2. Derivative Investments** 

*Futures Contracts:* The Fund uses futures contracts in order to gain exposure to the underlying commodities markets. Futures contracts provide for the delayed delivery of the underlying instrument at a fixed price or for a cash amount based on the change in the value of the underlying instrument at a specific date in the future. Upon entering into a futures contract, the Fund is required to deposit with the broker, cash or securities in an amount equal to a certain percentage of the contract amount, which is referred to as the initial margin deposit. Subsequent payments, referred to as variation margin, are made or received by the Fund periodically and are based on changes in the market value of open futures contracts. Changes in the market value of open futures contracts are recorded as change in unrealized appreciation or depreciation on futures. Realized gain or loss, representing the difference between the value of the contract at the time it was opened and the value at the time it was closed, is reported at the closing or expiration of the futures contract. Securities deposited as initial margin are designated as such on the Consolidated Schedule of Investments and cash deposited is recorded. A receivable from and/or a payable to brokers for the daily variation margin is also recorded.

The Fund may be subject to the risk that the change in the value of the futures contract may not correlate perfectly with the underlying instrument. Use of long futures contracts subjects the Fund to risk of loss, up to the notional value of the futures contracts. Use of short futures contracts subjects the Fund to unlimited risk of loss. With exchange traded futures contracts, the exchange or board of trade acts as the counterparty to futures transactions; therefore, the Fund's credit risk is limited to failure of the exchange or board of trade. Additionally, credit risk exists in exchange traded futures contracts with respect to initial and variation margin that is held in a clearing broker's customer accounts. While clearing brokers are required to segregate customer margin from their own assets, in the event that a clearing broker becomes insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the clearing broker for all its clients, typically the shortfall would be allocated on a pro rata basis across all the clearing broker's customers, potentially resulting in losses to the Fund.

Under some circumstances, futures exchanges may establish daily limits on the amount that the price of a futures contract can vary from the previous day's settlement price, which could effectively prevent liquidation of certain positions. In certain circumstances, the futures commission merchant (FCM) can require additional margin on the futures contracts which would subject the Fund to counterparty credit risk with the FCM.

Morgan Stanley & Co. LLC serves as the Fund's FCM for the purpose of trading in commodity futures contracts, options and interests therein.

*Option Contracts:* The Fund may purchase and write exchange-listed and OTC put or call options on securities, stock indices and other financial instruments for hedging purposes, to enhance portfolio returns and/or reduce overall volatility.

When the Fund writes (sells) an option, an amount equal to the premium received by the Fund is recorded as a liability. The amount of the liability is subsequently marked-to-market to reflect the current market value of the option written. When an option expires, the Fund realizes a gain on the option to the extent of the premium received. Premiums received from writing options which are exercised or closed are added to or offset against the proceeds or amount paid on the transaction to determine the realized gain or loss. If a put option on a security is exercised, the premium reduces the cost basis of the security purchased by the Fund. If a call option is exercised, the premium is added to the proceeds of the security sold to determine the realized gain or loss. The Fund, as writer of an option, bears the market risk of an unfavorable change in the price of the underlying index or security. Other risks include the possibility of an illiquid options market or the inability of the counterparties to fulfill their obligations under the contracts.

Put and call options purchased are accounted for in the same manner as portfolio securities. Premiums paid for purchasing options which expire are treated as realized losses. Premiums paid for purchasing options which are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss when the underlying transaction is executed. The risk associated with purchasing an option is that the Fund pays a premium whether or not the option is exercised. Additionally, the Fund bears the risk of loss of the premium and change in market value should the counterparty not perform under the contract.

------

**COHEN & STEERS REAL ASSETS FUND, INC.** 

NOTES TO CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

*Over-the-Counter Total Return Swap Contracts:* In a total return swap, one party receives a periodic payment equal to the total return of a specified security, basket of securities, index, or other reference asset for a specified period of time. In return, the other party receives a fixed or variable stream of payments, typically based upon short-term interest rates, possibly plus or minus an agreed upon spread. During the term of the outstanding swap agreement, changes in the value of the swap are recorded as unrealized appreciation and depreciation. Periodic payments received or made are recorded as realized gains or losses. The Fund bears the risk of loss in the event of nonperformance by the swap counterparty. Risks may also arise from unanticipated movements in the value of exchange rates, interest rates, securities, index, or other reference asset.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Cohen & Steers Real Assets Fund, Inc.

- **b. Investment Company Act file number:** 811-22621

- **c. CIK number of Registrant:** 0001533503

- **d. LEI of Registrant:** 54930015MR6KGI3VRN73

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

  - **Street Address 1:** 1166 Avenue of the Americas,

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

  - **Telephone number:** 212-832-3232

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

- **a. Name of Series:** Cohen & Steers Real Assets Fund, Inc.

- **b. EDGAR series identifier (if any):** S000035709

- **c. LEI of Series:** 54930015MR6KGI3VRN73

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $1480785654.59

**Total Liabilities:** $3849536.98

**Net Assets:** $1476936117.61

**Amount of Assets Invested in Other Investment Companies:** $230959431.16

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -2151.76000000 | **1-Year:** -14230.68000000 | **5-Year:** -6418.24000000 | **10-Year:** -17.07000000 | **30-Year:** -30.19000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -121.16000000 | **1-Year:** -892.15000000 | **5-Year:** -73.17000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000109434 | -0.56%               | 2.81%                | 2.46%                |
| Class ID C000109431 | -0.65%               | 2.73%                | 2.38%                |
| Class ID C000109430 | -0.65%               | 2.81%                | 2.46%                |
| Class ID C000109433 | -0.64%               | 2.78%                | 2.43%                |
| Class ID C000109432 | -0.56%               | 2.80%                | 2.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $341435.26               | $-7074693.40                               |
| Month 2  | $2205350.04              | $26184400.07                               |
| Month 3  | $1794094.50              | $23485396.27                               |

**Designated Index Information**

- **Index Name:** 27.5% TRNGLU, 27.5% BCOMTR, 15% SPGNRUN, 10% C1A0, 5% XAU, 15% DJBGIT

- **Index Identifier:** TRNGLU, BCOMTR, SPGNRUN, C1A0, XAU, DJBGIT

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LondonMetric Property PLC                                    | LondonMetric Property PLC                                                      | CUSIP: 000000000<br>LEI: 213800OCERWWPQDURL87 | Long             | EC               |  | GB        |    840433 | NS      | $2056011.88   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                      | John Deere Capital Corp                                                        | CUSIP: 24422EXV6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    945000 | PA      | $951508.52    | 0.06%             | 2027-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                           | Realty Income Corp                                                             | CUSIP: 756109BZ6<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |    587000 | PA      | $580387.70    | 0.04%             | 2027-01-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                         | Enel Finance International NV                                                  | CUSIP: 29278GBF4<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   3800000 | PA      | $3790754.18   | 0.26%             | 2028-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Commodities Exchange Center                                  | GOLD 100 OZ FUTR APR26                                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        89 | NC      | $3877370.89   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT INC                                                 | NNN REIT Inc                                                                   | CUSIP: 637417AH9<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              |  | US        |    404000 | PA      | $403632.71    | 0.03%             | 2025-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                        | LME LEAD FUTURE OCT25                                                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -31 | NC      | $66509.29     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                                 | NY HARB ULSD FUT JAN26                                                         | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        37 | NC      | $86232.84     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Portland Estates PLC                                   | Great Portland Estates PLC                                                     | CUSIP: 000000000<br>LEI: 213800JMEDD2Q4N1MC42 | Long             | EC               |  | GB        |    182055 | NS      | $779833.47    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                                               | Albemarle Corp                                                                 | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |     12422 | NS      | $1007175.76   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors Inc                               | Omega Healthcare Investors Inc                                                 | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               |  | US        |     98493 | NS      | $4158374.46   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| LEG Immobilien SE                                            | LEG Immobilien SE                                                              | CUSIP: 000000000<br>LEI: 391200SO40AKONBO0Z96 | Long             | EC               | CORP              | DE        |     16955 | NS      | $1347638.16   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                                                 | NiSource Inc                                                                   | CUSIP: 65473QBE2<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   1934000 | PA      | $1916314.01   | 0.13%             | 2027-05-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Castellum AB                                                 | Castellum AB                                                                   | CUSIP: 000000000<br>LEI: 549300GU5OHTR1T5IY68 | Long             | EC               | CORP              | SE        |     89024 | NS      | $1005188.99   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                     | Volkswagen Group of America Finance LLC                                        | CUSIP: 928668CE0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   3433000 | PA      | $3451393.74   | 0.23%             | 2026-03-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SCENTRE GROUP TRUST 1/2                                      | Scentre Group Trust 1 / Scentre Group Trust 2                                  | CUSIP: 80622GAD6<br>LEI: 549300SQ859FBKRKSI77 | Long             | DBT              |  | AU        |   5869000 | PA      | $5855509.93   | 0.40%             | 2026-01-28      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Welltower Inc                                                | Welltower Inc                                                                  | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               |  | US        |    204106 | NS      | $36359442.84  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AVALONBAY COMMUNITIES                                        | AvalonBay Communities Inc                                                      | CUSIP: 05348EAX7<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |   1275000 | PA      | $1266316.71   | 0.09%             | 2026-05-11      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Rio Tinto PLC                                                | Rio Tinto PLC                                                                  | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     62726 | NS      | $4140543.26   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc                                  | American Water Works Co Inc                                                    | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     35340 | NS      | $4918974.60   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                       | U.S. Treasury Bills                                                            | CUSIP: 912797QY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  50000000 | PA      | $49620840.50  | 3.36%             | 2025-12-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                       | NextEra Energy Capital Holdings Inc                                            | CUSIP: 65339KCS7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1629317.72   | 0.11%             | 2026-01-29      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                        | LME LEAD FUTURE JAN26                                                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        62 | NC      | $-40646.05    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                       | NextEra Energy Capital Holdings Inc                                            | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1875530.68   | 0.13%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp                                           | Realty Income Corp                                                             | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               |  | US        |     77359 | NS      | $4702653.61   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                                      | UDR Inc                                                                        | CUSIP: 90265EAL4<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |    250000 | PA      | $247488.10    | 0.02%             | 2026-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                               | Long: BNPXDDI26 TRS USD R E REC EQUITY / Short: BNPXDDI26 TRS USD P F   .07500 | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DCO              |  | US        | 355584526 | OU      | $115460.80    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Expressway Co Ltd                                   | Zhejiang Expressway Co Ltd                                                     | CUSIP: 000000000<br>LEI: 213800X1ZRKM85U9H438 | Long             | EC               | CORP              | CN        |    634000 | NS      | $585773.49    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Catena AB                                                    | Catena AB                                                                      | CUSIP: 000000000<br>LEI: 549300EMLM7AH5LDLY65 | Long             | EC               | CORP              | SE        |     16372 | NS      | $744308.29    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                                 | WTI CRUDE FUTURE JAN26                                                         | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       155 | NC      | $-1010.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Sirius Real Estate Ltd                                       | Sirius Real Estate Ltd                                                         | CUSIP: 000000000<br>LEI: 213800NURUF5W8QSK566 | Long             | EC               |  | GG        |    572177 | NS      | $752206.33    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                                       | BP PLC                                                                         | CUSIP: 000000000<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    622745 | NS      | $3565781.51   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BP CAP MARKETS AMERICA                                       | BP Capital Markets America Inc                                                 | CUSIP: 10373QBY5<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1266491.22   | 0.09%             | 2027-11-17      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange                                 | WTI CRUDE FUTURE DEC25                                                         | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       160 | NC      | $14897.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON LIFE INSURANCE                                        | Nippon Life Insurance Co                                                       | CUSIP: 654579AE1<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |   3200000 | PA      | $3198077.76   | 0.22%             | 2046-01-20      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| JBS NV                                                       | JBS NV                                                                         | CUSIP: 000000000<br>LEI: 254900JSFON4WL81TW77 | Long             | EC               | CORP              | NL        |    221577 | NS      | $3308144.61   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Real Estate Master Fund Inc                           | Nomura Real Estate Master Fund Inc                                             | CUSIP: 000000000<br>LEI: 353800TNNZOQ1CPZE086 | Long             | EC               |  | JP        |      2622 | NS      | $2843890.86   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE USA INC                                             | T-Mobile USA Inc                                                               | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    750000 | PA      | $744204.57    | 0.05%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                             | T-Mobile USA Inc                                                               | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1740325.74   | 0.12%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Qube Holdings Ltd                                            | Qube Holdings Ltd                                                              | CUSIP: 000000000<br>LEI: 391200RT2MUFEO3RFW25 | Long             | EC               | CORP              | AU        |    429123 | NS      | $1167037.24   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORP                                           | Realty Income Corp                                                             | CUSIP: 756109BQ6<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |   1583000 | PA      | $1583314.10   | 0.11%             | 2026-01-13      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Land Securities Group PLC                                    | Land Securities Group PLC                                                      | CUSIP: 000000000<br>LEI: 213800V8IAVKS37D6B88 | Long             | EC               |  | GB        |    276357 | NS      | $2163133.27   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media Inc                                           | Outfront Media Inc                                                             | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               |  | US        |     74265 | NS      | $1360534.80   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                                                   | AbbVie Inc                                                                     | CUSIP: 00287YDY2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1474171.66   | 0.10%             | 2028-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp                                      | Marathon Petroleum Corp                                                        | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     17703 | NS      | $3412076.22   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME PRI ALUM FUTR DEC25                                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       111 | NC      | $188247.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                                           | NextEra Energy Inc                                                             | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     32672 | NS      | $2466409.28   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES LP                                           | VICI Properties LP                                                             | CUSIP: 925650AJ2<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |    515000 | PA      | $520648.13    | 0.04%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SCENTRE GROUP TRUST 1/2                                      | Scentre Group Trust 1 / Scentre Group Trust 2                                  | CUSIP: 806213AD6<br>LEI: 549300SQ859FBKRKSI77 | Long             | DBT              |  | AU        |   2253000 | PA      | $2250784.87   | 0.15%             | 2025-10-28      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Nyfosa AB                                                    | Nyfosa AB                                                                      | CUSIP: 000000000<br>LEI: 5493000YR2B83SILCJ50 | Long             | EC               | CORP              | SE        |    158491 | NS      | $1381308.05   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mowi ASA                                                     | Mowi ASA                                                                       | CUSIP: 000000000<br>LEI: 549300W1OGQF5LZIH349 | Long             | EC               | CORP              | NO        |    187558 | NS      | $3961824.57   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                     | Corebridge Financial Inc                                                       | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   4055000 | PA      | $4159405.22   | 0.28%             | 2052-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe                                           | LOW SU GASOIL G DEC25                                                          | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |        70 | NC      | $225638.24    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME ZINC FUTURE OCT25                                                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        52 | NC      | $484322.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Italgas SpA                                                  | Italgas SpA                                                                    | CUSIP: 000000000<br>LEI: 815600F25FF44EF1FA76 | Long             | EC               | CORP              | IT        |    374159 | NS      | $3441771.51   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME NICKEL FUTURE DEC25                                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        44 | NC      | $-3054.54     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                                  | SILVER FUTURE MAY26                                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        48 | NC      | $1156338.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Aeroports de Paris SA                                        | Aeroports de Paris SA                                                          | CUSIP: 000000000<br>LEI: 969500PJMBSFHYC37989 | Long             | EC               | CORP              | FR        |     19490 | NS      | $2569676.38   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T BANK CORPORATION                                         | M&T Bank Corp                                                                  | CUSIP: 55261FAZ7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    725000 | PA      | $730745.89    | 0.05%             | 2035-07-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Keyera Corp                                                  | Keyera Corp                                                                    | CUSIP: 493271100<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |     19708 | NS      | $661181.66    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV                    | Grupo Aeroportuario del Sureste SAB de CV                                      | CUSIP: 000000000<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |     84769 | NS      | $2737871.83   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME PRI ALUM FUTR OCT25                                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       105 | NC      | $476559.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                                            | EOG Resources Inc                                                              | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     34780 | NS      | $3899533.60   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| REPSOL E&P CAP MARKETS                                       | Repsol E&P Capital Markets US LLC                                              | CUSIP: 76026AAA5<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1306057.75   | 0.09%             | 2028-09-16      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| State Street Institutional U.S. Government Money Market Fund | State Street Institutional U.S. Government Money Market Fund                   | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    408000 | NS      | $408000.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                | Citigroup Inc                                                                  | CUSIP: 172967KM2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1209021.60   | 0.08%             | 2026-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Ventas Realty LP                                             | Ventas Realty LP                                                               | CUSIP: 92277GAG2<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              |  | US        |   5672000 | PA      | $5660721.80   | 0.38%             | 2026-01-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Shell PLC                                                    | Shell PLC                                                                      | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    422493 | NS      | $15037693.83  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KDX Realty Investment Corp                                   | KDX Realty Investment Corp                                                     | CUSIP: 000000000<br>LEI: 353800FFT483NCIHFY42 | Long             | EC               |  | JP        |      1537 | NS      | $1751256.04   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP INC                                         | WEC Energy Group Inc                                                           | CUSIP: 92939UAM8<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    401000 | PA      | $406413.74    | 0.03%             | 2026-09-12      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                                  | Nutrien Ltd                                                                    | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |    124891 | NS      | $7332350.61   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                      | Bristol-Myers Squibb Co                                                        | CUSIP: 110122EE4<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1494861.47   | 0.10%             | 2027-02-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                                         | Williams Cos Inc/The                                                           | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    302418 | NS      | $19158180.30  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Fudosan Co Ltd                                        | Mitsui Fudosan Co Ltd                                                          | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |    578800 | NS      | $6313043.24   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| TAG Immobilien AG                                            | TAG Immobilien AG                                                              | CUSIP: 000000000<br>LEI: 529900TAE68USJNXLR59 | Long             | EC               | CORP              | DE        |    111512 | NS      | $1924534.84   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOVERIE PLC ZURICH INS                                      | Cloverie PLC for Zurich Insurance Co Ltd                                       | CUSIP: 000000000<br>LEI: 5493002N598MXOKUEF55 | Long             | DBT              | CORP              | IE        |   7050000 | PA      | $7085602.65   | 0.48%             | 2046-06-24      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Tenaga Nasional Bhd                                          | Tenaga Nasional Bhd                                                            | CUSIP: 000000000<br>LEI: 549300FV8X6UID6I1413 | Long             | EC               | CORP              | MY        |    607200 | NS      | $1907374.12   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyera Corp                                                  | Keyera Corp                                                                    | CUSIP: 493271118<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |     79684 | NS      | $2599449.31   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| British Land Co PLC/The                                      | British Land Co PLC/The                                                        | CUSIP: 000000000<br>LEI: RV5B68J2GV3QGMRPW209 | Long             | EC               |  | GB        |     72170 | NS      | $337967.78    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc                                    | Caesars Entertainment Inc                                                      | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |    123305 | NS      | $3332317.63   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                                          | Cheniere Energy Inc                                                            | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     15241 | NS      | $3581330.18   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                                                | Mosaic Co/The                                                                  | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |    189440 | NS      | $6569779.20   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME ZINC FUTURE JAN26                                                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        -1 | NC      | $-3399.98     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                                          | American Tower Corp                                                            | CUSIP: 03027XCE8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   1600000 | PA      | $1671332.62   | 0.11%             | 2028-11-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FEDERAL REALTY OP LP                                         | Federal Realty OP LP                                                           | CUSIP: 313747AY3<br>LEI: 549300LI6XZ51GOCJ427 | Long             | DBT              |  | US        |   2250000 | PA      | $2214303.44   | 0.15%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Atmos Energy Corp                                            | Atmos Energy Corp                                                              | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     30213 | NS      | $5158869.75   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                                       | Agnico Eagle Mines Ltd                                                         | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     49028 | NS      | $8264159.68   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp                                                    | AGCO Corp                                                                      | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     59986 | NS      | $6422701.02   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                                         | Capstone Copper Corp                                                           | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |    213599 | NS      | $1814141.11   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY CO                                                | DTE Energy Co                                                                  | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    910000 | PA      | $921775.65    | 0.06%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PPL Corp                                                     | PPL Corp                                                                       | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     61690 | NS      | $2292400.40   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                                          | Sun Communities Inc                                                            | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |     64094 | NS      | $8268126.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                                  | Exelon Corp                                                                    | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     77212 | NS      | $3475312.12   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Perpetua Resources Corp                                      | Perpetua Resources Corp                                                        | CUSIP: 714266103<br>LEI: 529900BQBMS383SEPY05 | Long             | EC               | CORP              | CA        |    149473 | NS      | $3023838.79   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Merlin Properties Socimi SA                                  | Merlin Properties Socimi SA                                                    | CUSIP: 000000000<br>LEI: 959800L8KD863DP30X04 | Long             | EC               |  | ES        |    153577 | NS      | $2315144.17   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                                  | COPPER FUTURE MAR26                                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        84 | NC      | $-1504546.56  | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                                  | Corteva Inc                                                                    | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    102624 | NS      | $6940461.12   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME PRI ALUM FUTR JAN26                                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       110 | NC      | $185404.01    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                     | Rogers Communications Inc                                                      | CUSIP: 775109BE0<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   3095000 | PA      | $3089362.40   | 0.21%             | 2025-12-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                        | LME LEAD FUTURE MAR26                                                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -29 | NC      | $13522.83     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMCO REALTY OP LLC                                          | Kimco Realty OP LLC                                                            | CUSIP: 948741AM5<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |   1559000 | PA      | $1545102.01   | 0.10%             | 2026-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRA HLDS                                     | South Bow USA Infrastructure Holdings LLC                                      | CUSIP: 83007CAB8<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |   2903000 | PA      | $2928461.92   | 0.20%             | 2027-09-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Smithfield Foods Inc                                         | Smithfield Foods Inc                                                           | CUSIP: 832248207<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | EC               | CORP              | US        |    275928 | NS      | $6478789.44   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Gold Trust                                           | iShares Gold Trust                                                             | CUSIP: 464285204<br>LEI: 5493006UOY7GXQW0IP42 | Long             | EC               | RF                | US        |    340028 | NS      | $24743837.56  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Venture Global Inc                                           | Venture Global Inc                                                             | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |    259347 | NS      | $3680133.93   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Hotel REIT Investment Corp                             | Japan Hotel REIT Investment Corp                                               | CUSIP: 000000000<br>LEI: 353800L8KG849FP1JI68 | Long             | EC               |  | JP        |      3678 | NS      | $2218464.35   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                               | Morgan Stanley                                                                 | CUSIP: 6174467X1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   6840000 | PA      | $6845273.91   | 0.46%             | 2025-11-24      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                             | Crown Castle Inc                                                               | CUSIP: 22822VBB6<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   1525000 | PA      | $1547170.59   | 0.10%             | 2028-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BXP Inc                                                      | BXP Inc                                                                        | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               |  | US        |     44588 | NS      | $3314671.92   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Keppel REIT                                                  | Keppel REIT                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | SG        |   1584500 | NS      | $1240625.61   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                                  | LEAN HOGS FUTURE FEB26                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |       141 | NC      | $45252.59     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                                 | Prologis Inc                                                                   | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |    156286 | NS      | $17897872.72  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                       | KC HRW WHEAT FUT MAR26                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       108 | NC      | $-175930.40   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                       | U.S. Treasury Notes                                                            | CUSIP: 91282CMP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6400000 | PA      | $6439124.99   | 0.44%             | 2027-02-28      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Cenovus Energy Inc                                           | Cenovus Energy Inc                                                             | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |    167721 | NS      | $2847774.11   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kubota Corp                                                  | Kubota Corp                                                                    | CUSIP: 000000000<br>LEI: 549300CSY4INHEHQQT13 | Long             | EC               | CORP              | JP        |    164900 | NS      | $2077348.62   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional Treasury Plus Money Market Fund   | State Street Institutional Treasury Plus Money Market Fund                     | CUSIP: 857492862<br>LEI: 549300PNASLVKQG64331 | Long             | STIV             | RF                | US        |  12730939 | NS      | $12730939.09  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                 | Enbridge Inc                                                                   | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    222209 | NS      | $11210242.07  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS GROUP AG                                                 | UBS Group AG                                                                   | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $998776.00    | 0.07%             | 2026-07-29      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent                                        | American Homes 4 Rent                                                          | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |    114019 | NS      | $3791131.75   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Gas Co Ltd                                             | Tokyo Gas Co Ltd                                                               | CUSIP: 000000000<br>LEI: 353800678EIJLOQSWZ83 | Long             | EC               | CORP              | JP        |     28600 | NS      | $1018023.46   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP                                        | Truist Financial Corp                                                          | CUSIP: 86787XAA3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    600000 | PA      | $595663.77    | 0.04%             | 2027-05-15      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                  | LEAN HOGS FUTURE DEC25                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        40 | NC      | $139960.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME NICKEL FUTURE NOV25                                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -41 | NC      | $26272.42     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Realty & Development Co Ltd                         | Sumitomo Realty & Development Co Ltd                                           | CUSIP: 000000000<br>LEI: 353800SO2DCLOI3LNZ64 | Long             | EC               | CORP              | JP        |    118000 | NS      | $5211995.81   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Portfolio LP                                           | Essex Portfolio LP                                                             | CUSIP: 29717PAQ0<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              |  | US        |   1504000 | PA      | $1496494.87   | 0.10%             | 2026-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                             | TotalEnergies SE                                                               | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    118879 | NS      | $7219954.48   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Unibail-Rodamco-Westfield                                    | Unibail-Rodamco-Westfield                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | XX        |     21541 | NS      | $2261957.75   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                                             | DT Midstream Inc                                                               | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37125 | NS      | $4197352.50   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodman Group                                                | Goodman Group                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    535577 | NS      | $11616945.91  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Big Yellow Group PLC                                         | Big Yellow Group PLC                                                           | CUSIP: 000000000<br>LEI: 213800W7Q4V2ZI8LIW31 | Long             | EC               |  | GB        |    120320 | NS      | $1572873.92   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| South Bow Corp                                               | South Bow Corp                                                                 | CUSIP: 83671M105<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |     61645 | NS      | $1744327.15   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Properties LP                                         | Boston Properties LP                                                           | CUSIP: 10112RAX2<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |   3210000 | PA      | $3200583.95   | 0.22%             | 2026-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| UDR Inc                                                      | UDR Inc                                                                        | CUSIP: 90265EAM2<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |   2037000 | PA      | $2016464.84   | 0.14%             | 2027-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bakkafrost P/F                                               | Bakkafrost P/F                                                                 | CUSIP: 000000000<br>LEI: 2138007LH7OP4V112978 | Long             | EC               | CORP              | FO        |    121344 | NS      | $5561648.13   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                                        | Norfolk Southern Corp                                                          | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      4166 | NS      | $1251508.06   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Properties LP                                         | Tanger Properties LP                                                           | CUSIP: 875484AK3<br>LEI: PQPGJDNFN35EXH363L31 | Long             | DBT              |  | US        |   2000000 | PA      | $1983494.40   | 0.13%             | 2027-07-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd                                      | ENN Energy Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | KY        |    335857 | NS      | $2777247.08   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                                            | Suncor Energy Inc                                                              | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |    152997 | NS      | $6402633.67   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                                         | Targa Resources Corp                                                           | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     46205 | NS      | $7741185.70   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile USA Inc                                             | T-Mobile USA Inc                                                               | CUSIP: 87264AAV7<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2253492.65   | 0.15%             | 2028-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                                          | American Tower Corp                                                            | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |     64747 | NS      | $12452143.04  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                       | COTTON NO.2 FUTR MAR26                                                         | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        77 | NC      | $-54667.29    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| REINSURANCE GRP OF AMER                                      | Reinsurance Group of America Inc                                               | CUSIP: 759351802<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |      7412 | NS      | $184262.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENCY CENTERS LP                                           | Regency Centers LP                                                             | CUSIP: 75884RAU7<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |   4112000 | PA      | $4105900.63   | 0.28%             | 2025-11-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                                | DTE Energy Co                                                                  | CUSIP: 233331BJ5<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   2995000 | PA      | $3047686.66   | 0.21%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Kite Realty Group Trust                                      | Kite Realty Group Trust                                                        | CUSIP: 49803T300<br>LEI: 549300OVTYLM7DH6CM14 | Long             | EC               |  | US        |     83479 | NS      | $1861581.70   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                       | SUGAR 11 (WORLD) MAR26                                                         | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       225 | NC      | $-121945.02   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                                                 | Newmont Corp                                                                   | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    126855 | NS      | $10695145.05  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ERP Operating LP                                             | ERP Operating LP                                                               | CUSIP: 26884ABG7<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              |  | US        |   1400000 | PA      | $1381531.61   | 0.09%             | 2027-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| POSCO Holdings Inc                                           | POSCO Holdings Inc                                                             | CUSIP: 000000000<br>LEI: 988400E5HRVX81AYLM04 | Long             | EC               | CORP              | KR        |      6927 | NS      | $1362639.96   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                       | COFFEE 'C' FUTURE MAR26                                                        | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        41 | NC      | $771510.27    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                                 | Chevron Corp                                                                   | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65709 | NS      | $10203950.61  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional U.S. Government Money Market Fund | State Street Institutional U.S. Government Money Market Fund                   | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    446000 | NS      | $446000.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Shurgard Self Storage Ltd                                    | Shurgard Self Storage Ltd                                                      | CUSIP: 000000000<br>LEI: 549300J0UEIKU81XO336 | Long             | EC               |  | GG        |     15126 | NS      | $572717.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Assets Holdings Ltd                                    | Power Assets Holdings Ltd                                                      | CUSIP: 000000000<br>LEI: 254900JOWYUW1ZX4DF47 | Long             | EC               | CORP              | HK        |    172500 | NS      | $1092374.02   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                               | Morgan Stanley                                                                 | CUSIP: 61763E207<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |      1547 | NS      | $38907.05     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerva SA/Brazil Warrants                                   | Minerva SA/Brazil Warrants                                                     | CUSIP: 000000000<br>LEI: 391200UHL6YHY0OA1P30 | N/A              | DE               |  | BR        |    197322 | NS      | $109371.02    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NTPC Ltd                                                     | NTPC Ltd                                                                       | CUSIP: 000000000<br>LEI: 335800Q4TRGJXNLVMB81 | Long             | EC               | CORP              | IN        |    224946 | NS      | $863162.31    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                                    | Spire Inc                                                                      | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     23302 | NS      | $1899579.04   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                                                 | Entergy Corp                                                                   | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     22526 | NS      | $2099197.94   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                       | SUGAR 11 (WORLD) MAY26                                                         | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       235 | NC      | $5383.82      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Safestore Holdings PLC                                       | Safestore Holdings PLC                                                         | CUSIP: 000000000<br>LEI: 213800WGA3YSJC1YOH73 | Long             | EC               |  | GB        |     91529 | NS      | $809980.26    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| REPSOL E&P CAP MARKETS                                       | Repsol E&P Capital Markets US LLC                                              | CUSIP: 76026AAB3<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |    750000 | PA      | $755767.32    | 0.05%             | 2030-09-16      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                       | U.S. Treasury Bills                                                            | CUSIP: 912797RB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  92630000 | PA      | $92565235.88  | 6.27%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Constellium SE                                               | Constellium SE                                                                 | CUSIP: 000000000<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |    100346 | NS      | $1493148.48   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp                                             | Black Hills Corp                                                               | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     20529 | NS      | $1264381.11   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Stockland                                                    | Stockland                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   1717768 | NS      | $6956279.61   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                                              | CMS Energy Corp                                                                | CUSIP: 125896BP4<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   4235000 | PA      | $4225944.00   | 0.29%             | 2025-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                       | Sempra                                                                         | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    139804 | NS      | $12579563.92  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                       | SOYBEAN OIL FUTR JAN26                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       222 | NC      | $-439941.72   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Parkway Life Real Estate Investment Trust                    | Parkway Life Real Estate Investment Trust                                      | CUSIP: 000000000<br>LEI: 549300I4DKVD2OF5LW91 | Long             | EC               |  | SG        |    400920 | NS      | $1280507.31   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                                             | Crown Castle Inc                                                               | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |    179290 | NS      | $17299692.10  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON LIFE INSURANCE                                        | Nippon Life Insurance Co                                                       | CUSIP: 654579AF8<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |   2115000 | PA      | $2090264.44   | 0.14%             | 2047-09-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wharf Real Estate Investment Co Ltd                          | Wharf Real Estate Investment Co Ltd                                            | CUSIP: 000000000<br>LEI: 529900QLPKS8U9QOPB59 | Long             | EC               | CORP              | KY        |   1012000 | NS      | $2991024.10   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional U.S. Government Money Market Fund | State Street Institutional U.S. Government Money Market Fund                   | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    683000 | NS      | $683000.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Accommodations Fund Inc                       | Mitsui Fudosan Accommodations Fund Inc                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      1711 | NS      | $1527213.71   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Hung Kai Properties Ltd                                  | Sun Hung Kai Properties Ltd                                                    | CUSIP: 000000000<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |    391500 | NS      | $4688773.38   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp                                         | Pilgrim's Pride Corp                                                           | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |     61852 | NS      | $2518613.44   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                                           | BRENT CRUDE FUTR FEB26                                                         | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       176 | NC      | $-88669.40    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                                        | American Homes 4 Rent LP                                                       | CUSIP: 02666TAA5<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |   2551000 | PA      | $2545383.41   | 0.17%             | 2028-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                       | SOYBEAN FUTURE JAN26                                                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       316 | NC      | $-247343.38   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                               | Public Storage                                                                 | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               |  | US        |     15857 | NS      | $4580294.45   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Japan Railway Co                                     | Central Japan Railway Co                                                       | CUSIP: 000000000<br>LEI: 353800YAR3OVUITHTG64 | Long             | EC               | CORP              | JP        |     48200 | NS      | $1382916.46   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                             | Exxon Mobil Corp                                                               | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     90506 | NS      | $10204551.50  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom SA                                           | Cellnex Telecom SA                                                             | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |    102964 | NS      | $3564897.25   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Xior Student Housing NV                                      | Xior Student Housing NV                                                        | CUSIP: 000000000<br>LEI: 549300JK7HFOCP0U8K85 | Long             | EC               |  | BE        |     31179 | NS      | $1070717.47   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                                      | Algonquin Power & Utilities Corp                                               | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   1740000 | PA      | $1752905.56   | 0.12%             | 2026-06-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts Inc                                    | Host Hotels & Resorts Inc                                                      | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               |  | US        |    707963 | NS      | $12049530.26  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME NICKEL FUTURE MAR26                                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -41 | NC      | $4410.66      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerva SA/Brazil                                            | Minerva SA/Brazil                                                              | CUSIP: 000000000<br>LEI: 391200UHL6YHY0OA1P30 | Long             | EC               | CORP              | BR        |   1534055 | NS      | $1945581.52   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Osaka Gas Co Ltd                                             | Osaka Gas Co Ltd                                                               | CUSIP: 000000000<br>LEI: 353800024KMNOPQRWZ02 | Long             | EC               | CORP              | JP        |     45300 | NS      | $1313802.62   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORP                                           | Realty Income Corp                                                             | CUSIP: 756109BE3<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |    800000 | PA      | $799957.32    | 0.05%             | 2025-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                        | LME LEAD FUTURE MAR26                                                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        29 | NC      | $-41262.64    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                                        | Waste Connections Inc                                                          | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      7126 | NS      | $1252746.40   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME LEAD FUTURE OCT25                                                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        31 | NC      | $-35010.85    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Vopak NV                                         | Koninklijke Vopak NV                                                           | CUSIP: 000000000<br>LEI: 724500UL634GFV1KYF10 | Long             | EC               | CORP              | NL        |     52706 | NS      | $2415776.24   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                       | CORN FUTURE MAY26                                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       209 | NC      | $-81321.32    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| GMR Airports Ltd                                             | GMR Airports Ltd                                                               | CUSIP: 000000000<br>LEI: 3358008S2MTRWZ255P70 | Long             | EC               | CORP              | IN        |    944415 | NS      | $926558.72    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Link REIT                                                    | Link REIT                                                                      | CUSIP: 000000000<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               |  | HK        |    642100 | NS      | $3300458.11   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                                  | SILVER FUTURE MAR26                                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        48 | NC      | $1886676.10   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                                   | Kirby Corp                                                                     | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     13201 | NS      | $1101623.45   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                                             | Coeur Mining Inc                                                               | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |    171528 | NS      | $3217865.28   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Equatorial Energia SA                                        | Equatorial Energia SA                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    138558 | NS      | $961946.19    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Real Estate Investment Corp                            | Japan Real Estate Investment Corp                                              | CUSIP: 000000000<br>LEI: 3538003YAIR3CBGJJ928 | Long             | EC               |  | JP        |      3316 | NS      | $2791642.15   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                                            | Kimco Realty Corp                                                              | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               |  | US        |    298494 | NS      | $6522093.90   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Aena SME SA                                                  | Aena SME SA                                                                    | CUSIP: 000000000<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |     60461 | NS      | $1651804.13   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                      | SBA Communications Corp                                                        | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |   1400000 | PA      | $1379952.91   | 0.09%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Charter Hall Group                                           | Charter Hall Group                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    231445 | NS      | $3484097.53   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                                                     | AT&T Inc                                                                       | CUSIP: 00206RJX1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   3309000 | PA      | $3212922.56   | 0.22%             | 2027-06-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Japan Metropolitan Fund Invest                               | Japan Metropolitan Fund Invest                                                 | CUSIP: 000000000<br>LEI: 353800QDHNIP60E1LQ93 | Long             | EC               |  | JP        |      4130 | NS      | $3175311.90   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Aedifica SA                                                  | Aedifica SA                                                                    | CUSIP: 000000000<br>LEI: 529900DTKNXL0AXQFN28 | Long             | EC               |  | BE        |     43654 | NS      | $3231439.08   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Pacific Properties Inc                                | Hudson Pacific Properties Inc                                                  | CUSIP: 444097109<br>LEI: N/A                  | Long             | EC               |  | US        |    159712 | NS      | $440805.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart LP                                                 | CubeSmart LP                                                                   | CUSIP: 22966RAC0<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              |  | US        |   8152000 | PA      | $8142280.04   | 0.55%             | 2025-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Essex Property Trust Inc                                     | Essex Property Trust Inc                                                       | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |     66928 | NS      | $17913948.48  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp                                            | Hormel Foods Corp                                                              | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     88912 | NS      | $2199682.88   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                                                  | Cameco Corp                                                                    | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     41836 | NS      | $3508366.96   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                                              | Bunge Global SA                                                                | CUSIP: 000000000<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |    153080 | NS      | $12437750.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Prologis REIT Inc                                     | Nippon Prologis REIT Inc                                                       | CUSIP: 000000000<br>LEI: 353800PHBMSDLAFURY41 | Long             | EC               |  | JP        |      7597 | NS      | $4438454.20   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME ZINC FUTURE OCT25                                                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -52 | NC      | $-327454.64   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORP                                           | Realty Income Corp                                                             | CUSIP: 756109AZ7<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |    500000 | PA      | $492176.56    | 0.03%             | 2026-03-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                        | LME ZINC FUTURE DEC25                                                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        53 | NC      | $180897.02    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp                                          | Alliant Energy Corp                                                            | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     46025 | NS      | $3102545.25   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                                                 | Enbridge Inc                                                                   | CUSIP: 29250NAS4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2250000 | PA      | $2241540.00   | 0.15%             | 2077-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                             | Duke Energy Corp                                                               | CUSIP: 26441CCB9<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1405000 | PA      | $1419260.74   | 0.10%             | 2027-01-05      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SES SA                                                       | SES SA                                                                         | CUSIP: 000000000<br>LEI: 5493008JPA4HYMH1HX51 | Long             | EC               | CORP              | LU        |    147664 | NS      | $1124272.14   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC                                            | HSBC Holdings PLC                                                              | CUSIP: 404280BL2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1600000 | PA      | $1608147.30   | 0.11%             | 2027-05-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange                                 | GASOLINE RBOB FUT DEC25                                                        | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        43 | NC      | $77372.71     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Integrated Commercial Trust                       | CapitaLand Integrated Commercial Trust                                         | CUSIP: 000000000<br>LEI: 54930031292WUTXF0L29 | Long             | EC               |  | SG        |   2538384 | NS      | $4506298.20   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                                   | Evergy Inc                                                                     | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     44356 | NS      | $3371943.12   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                                            | Iron Mountain Inc                                                              | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |    103437 | NS      | $10544367.78  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP                                        | Truist Financial Corp                                                          | CUSIP: 89832QAD1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2343000 | PA      | $2356502.71   | 0.16%             | 2026-03-01      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| Denison Mines Corp                                           | Denison Mines Corp                                                             | CUSIP: 248356107<br>LEI: 529900JWGSW17LJK6586 | Long             | EC               | CORP              | CA        |    262728 | NS      | $722502.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                                    | PG&E Corp                                                                      | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    376731 | NS      | $5681103.48   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                       | WHEAT FUTURE(CBT) MAR26                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       340 | NC      | $-299549.90   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Transcanada Trust                                            | Transcanada Trust                                                              | CUSIP: 89356BAB4<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   5987000 | PA      | $6012971.61   | 0.41%             | 2076-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| State Street Institutional U.S. Government Money Market Fund | State Street Institutional U.S. Government Money Market Fund                   | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  10681274 | NS      | $10681274.34  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                       | SOYBEAN FUTURE MAY26                                                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        76 | NC      | $-121288.22   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                                      | SBA Communications Corp                                                        | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |      8156 | NS      | $1576962.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Fudosan Logistics Park Inc                            | Mitsui Fudosan Logistics Park Inc                                              | CUSIP: 000000000<br>LEI: 353800DN63EIYS760S59 | Long             | EC               |  | JP        |       524 | NS      | $376652.13    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME PRI ALUM FUTR NOV25                                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       103 | NC      | $449616.58    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP INC                                         | WEC Energy Group Inc                                                           | CUSIP: 92939UAK2<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   1485000 | PA      | $1486709.04   | 0.10%             | 2026-01-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CSX Corp                                                     | CSX Corp                                                                       | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     80620 | NS      | $2862816.20   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudbay Minerals Inc                                          | Hudbay Minerals Inc                                                            | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |    153934 | NS      | $2331629.46   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                     | Rogers Communications Inc                                                      | CUSIP: 775109BS9<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   3850000 | PA      | $3826245.50   | 0.26%             | 2082-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange                                 | GASOLINE RBOB FUT JAN26                                                        | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        41 | NC      | $57916.51     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                       | CORN FUTURE MAR26                                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       583 | NC      | $74212.23     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                                 | NATURAL GAS FUTR JAN26                                                         | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       420 | NC      | $-668398.71   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                                         | Freeport-McMoRan Inc                                                           | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     21618 | NS      | $847857.96    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc                                       | CenterPoint Energy Inc                                                         | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    166806 | NS      | $6472072.80   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Estate Co Ltd                                     | Mitsubishi Estate Co Ltd                                                       | CUSIP: 000000000<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |    162700 | NS      | $3743909.79   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd                               | Canadian Natural Resources Ltd                                                 | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     54422 | NS      | $1740158.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                                      | Vale SA                                                                        | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    210668 | NS      | $2287854.48   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart LP                                                 | CubeSmart LP                                                                   | CUSIP: 22966RAD8<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              |  | US        |   2051000 | PA      | $2032527.42   | 0.14%             | 2026-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                                  | Equinix Inc                                                                    | CUSIP: 29444UBQ8<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |   1100000 | PA      | $1081295.16   | 0.07%             | 2026-05-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRA HLDS                                     | South Bow USA Infrastructure Holdings LLC                                      | CUSIP: 83007CAD4<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    700000 | PA      | $708240.27    | 0.05%             | 2029-10-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                               | Home Depot Inc/The                                                             | CUSIP: 437076DB5<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2237215.44   | 0.15%             | 2027-06-25      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WH Group Ltd                                                 | WH Group Ltd                                                                   | CUSIP: 000000000<br>LEI: 254900A4AYEDRWYSE928 | Long             | EC               | CORP              | KY        |   3392000 | NS      | $3674472.34   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC                                             | Crown Castle Inc                                                               | CUSIP: 22822VBA8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   2479000 | PA      | $2514311.22   | 0.17%             | 2028-01-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| International Paper Co                                       | International Paper Co                                                         | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     46146 | NS      | $2141174.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                     | Volkswagen Group of America Finance LLC                                        | CUSIP: 928668BL5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   3410000 | PA      | $3394014.70   | 0.23%             | 2025-11-24      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| NiSource Inc                                                 | NiSource Inc                                                                   | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     97187 | NS      | $4208197.10   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastighets AB Balder                                         | Fastighets AB Balder                                                           | CUSIP: 000000000<br>LEI: 549300GHKJCEZOAEUU82 | Long             | EC               | CORP              | SE        |    301027 | NS      | $2153207.66   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEL FINANCE INTL NV                                         | Enel Finance International NV                                                  | CUSIP: 29278GAZ1<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    800000 | PA      | $800708.43    | 0.05%             | 2025-10-14      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Valterra Platinum Ltd                                        | Valterra Platinum Ltd                                                          | CUSIP: 000000000<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |     27210 | NS      | $1939519.87   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                                                       | Sempra                                                                         | CUSIP: 816851BK4<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1705000 | PA      | $1706841.40   | 0.12%             | 2025-10-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd                                      | Reliance Industries Ltd                                                        | CUSIP: 759470107<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |    126145 | NS      | $7694845.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| VGP NV                                                       | VGP NV                                                                         | CUSIP: 000000000<br>LEI: 315700NENYPIXFR94T49 | Long             | EC               | CORP              | BE        |      7931 | NS      | $885513.74    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Gecina SA                                                    | Gecina SA                                                                      | CUSIP: 000000000<br>LEI: 9695003E4MMA10IBTR26 | Long             | EC               |  | FR        |      2752 | NS      | $275603.23    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGENTUM (SWISS RE LTD)                                      | Argentum Netherlands BV for Swiss Re Ltd                                       | CUSIP: 000000000<br>LEI: 724500RPEZI5VVQQWE89 | Long             | DBT              | CORP              | NL        |   1400000 | PA      | $1410435.60   | 0.10%             | 2027-08-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                               | Eli Lilly & Co                                                                 | CUSIP: 532457DB1<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   4750000 | PA      | $4759364.82   | 0.32%             | 2028-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                         | Bank of America Corp                                                           | CUSIP: 060505EU4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    950000 | PA      | $956548.35    | 0.06%             | 2026-03-10      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Regency Centers LP                                           | Regency Centers LP                                                             | CUSIP: 75884RAV5<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |   1180000 | PA      | $1172130.88   | 0.08%             | 2027-02-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                       | VICI Properties LP / VICI Note Co Inc                                          | CUSIP: 92564RAJ4<br>LEI: N/A                  | Long             | DBT              |  | US        |   1525000 | PA      | $1544528.89   | 0.10%             | 2027-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                          | Dominion Energy Inc                                                            | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1394376.38   | 0.09%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Century Aluminum Co                                          | Century Aluminum Co                                                            | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |     88229 | NS      | $2590403.44   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                                                       | AXA SA                                                                         | CUSIP: 000000000<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | DBT              | CORP              | FR        |   3100000 | PA      | $3125250.99   | 0.21%             | 2047-01-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Tritax Big Box REIT PLC                                      | Tritax Big Box REIT PLC                                                        | CUSIP: 000000000<br>LEI: 213800L6X88MIYPVR714 | Long             | EC               |  | GB        |   1847674 | NS      | $3590732.20   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                                           | Kilroy Realty Corp                                                             | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               |  | US        |    131612 | NS      | $5560607.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                       | SOYBEAN MEAL FUTR JAN26                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       384 | NC      | $-544216.83   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                                  | COPPER FUTURE MAY26                                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        85 | NC      | $541139.52    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME PRI ALUM FUTR JAN26                                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        -2 | NC      | $-1173.07     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                                         | Cleveland-Cliffs Inc                                                           | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    116120 | NS      | $1416664.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME NICKEL FUTURE MAR26                                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        41 | NC      | $-28510.81    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                                     | AT&T Inc                                                                       | CUSIP: 00206RDQ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    374000 | PA      | $374745.15    | 0.03%             | 2027-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITE Group PLC/The                                          | UNITE Group PLC/The                                                            | CUSIP: 000000000<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               |  | GB        |     40750 | NS      | $394045.46    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME LEAD FUTURE NOV25                                                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -31 | NC      | $29666.26     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER OP LLC                                             | Welltower OP LLC                                                               | CUSIP: 95040QAD6<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |   1877000 | PA      | $1888891.98   | 0.13%             | 2028-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Vinci SA                                                     | Vinci SA                                                                       | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |    116473 | NS      | $16129096.67  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                                     | Simon Property Group Inc                                                       | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |     47844 | NS      | $8978883.48   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                                               | TC Energy Corp                                                                 | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    357308 | NS      | $19427675.76  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                                  | LIVE CATTLE FUTR FEB26                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |       122 | NC      | $116144.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGENTUM (SWISS RE LTD)                                      | Argentum Netherlands BV for Swiss Re Ltd                                       | CUSIP: 000000000<br>LEI: 724500RPEZI5VVQQWE89 | Long             | DBT              | CORP              | NL        |    981000 | PA      | $993088.98    | 0.07%             | 2052-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                        | Truist Financial Corp                                                          | CUSIP: 86788LAA8<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    550000 | PA      | $539271.56    | 0.04%             | 2028-03-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Kinetik Holdings Inc                                         | Kinetik Holdings Inc                                                           | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46582 | NS      | $1990914.68   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME NICKEL FUTURE OCT25                                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -80 | NC      | $181626.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaris SA                                                   | Tenaris SA                                                                     | CUSIP: 000000000<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |     85427 | NS      | $1523490.56   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Infrastrutture Wireless Italiane SpA                         | Infrastrutture Wireless Italiane SpA                                           | CUSIP: 000000000<br>LEI: 81560066183FE361C071 | Long             | EC               | CORP              | IT        |    293706 | NS      | $3451705.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Klepierre SA                                                 | Klepierre SA                                                                   | CUSIP: 000000000<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               |  | FR        |    104226 | NS      | $4057676.60   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                                 | NATURAL GAS FUTR NOV25                                                         | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       432 | NC      | $-3285625.60  | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                       | COFFEE 'C' FUTURE MAY26                                                        | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        45 | NC      | $-253975.62   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| MEIJI YASUDA LIFE INSURA                                     | Meiji Yasuda Life Insurance Co                                                 | CUSIP: 585270AA9<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |  11122000 | PA      | $11123018.78  | 0.75%             | 2045-10-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SPDR Portfolio Short Term Corporate Bond ETF                 | SPDR Portfolio Short Term Corporate Bond ETF                                   | CUSIP: 78464A474<br>LEI: 549300D2BO7L1J2SO973 | Long             | EC               | RF                | US        |    788925 | NS      | $23896538.25  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                                 | NY HARB ULSD FUT DEC25                                                         | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        38 | NC      | $109179.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras                           | Petroleo Brasileiro SA - Petrobras                                             | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     83576 | NS      | $1058072.16   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                                   | CF Industries Holdings Inc                                                     | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     18697 | NS      | $1677120.90   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES WARRANTS                           | HUDSON PACIFIC PROPERTIES WARRANTS                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |    280706 | NS      | $771941.50    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Wheaton Precious Metals Corp                                 | Wheaton Precious Metals Corp                                                   | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     64681 | NS      | $7233923.04   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MARS INC                                                     | Mars Inc                                                                       | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2571606.52   | 0.17%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Cleanaway Waste Management Ltd                               | Cleanaway Waste Management Ltd                                                 | CUSIP: 000000000<br>LEI: 549300D5C72CV6CIBS66 | Long             | EC               | CORP              | AU        |   1008479 | NS      | $1848450.09   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME NICKEL FUTURE JAN26                                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        43 | NC      | $-25778.12    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Ingenia Communities Group                                    | Ingenia Communities Group                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    962020 | NS      | $3462933.09   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold MiniShares Trust                                   | SPDR Gold MiniShares Trust                                                     | CUSIP: 98149E303<br>LEI: 5493002IEEMEY6LRJ932 | Long             | EC               | RF                | US        |    755127 | NS      | $57729459.15  | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                                          | American Tower Corp                                                            | CUSIP: 03027XAM2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   1250000 | PA      | $1233169.96   | 0.08%             | 2027-01-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                             | T-Mobile USA Inc                                                               | CUSIP: 87264ABU8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2212198.07   | 0.15%             | 2026-04-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Glencore PLC                                                 | Glencore PLC                                                                   | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |   1550116 | NS      | $7121506.64   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Foran Mining Corp                                            | Foran Mining Corp                                                              | CUSIP: 344911201<br>LEI: 529900LRYPIWB6RISB58 | Long             | EC               | CORP              | CA        |    309625 | NS      | $865446.04    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Frasers Centrepoint Trust                                    | Frasers Centrepoint Trust                                                      | CUSIP: 000000000<br>LEI: 5493002RGQ266FKERZ83 | Long             | EC               |  | SG        |    818627 | NS      | $1472316.48   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Emera Inc                                                    | Emera Inc                                                                      | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |   1656000 | PA      | $1666656.36   | 0.11%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Agree Realty Corp                                            | Agree Realty Corp                                                              | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               |  | US        |    151191 | NS      | $10740608.64  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                       | SOYBEAN OIL FUTR MAR26                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        68 | NC      | $-148969.22   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                                            | Johnson & Johnson                                                              | CUSIP: 478160DH4<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1754450.10   | 0.12%             | 2028-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                  | LIVE CATTLE FUTR APR26                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        30 | NC      | $43177.90     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                                           | BRENT CRUDE FUTR MAR26                                                         | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       171 | NC      | $-101172.05   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Centurion Accommodation Reit                                 | Centurion Accommodation Reit                                                   | CUSIP: 000000000<br>LEI: 254900NE2W0T2HDOXF24 | Long             | EC               |  | SG        |   3102900 | NS      | $2501659.75   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Auckland International Airport Ltd                           | Auckland International Airport Ltd                                             | CUSIP: 000000000<br>LEI: 549300HFZIZDJWB7AK60 | Long             | EC               | CORP              | NZ        |    304894 | NS      | $1392887.23   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts LP                                     | Host Hotels & Resorts LP                                                       | CUSIP: 44107TAW6<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              |  | US        |   3486000 | PA      | $3481662.93   | 0.24%             | 2026-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                     | Mars Inc                                                                       | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1788520.94   | 0.12%             | 2027-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                       | SOYBEAN OIL FUTR MAY26                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       157 | NC      | $-162786.91   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME LEAD FUTURE NOV25                                                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        31 | NC      | $-26863.53    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Vonovia SE                                                   | Vonovia SE                                                                     | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |    122852 | NS      | $3829425.23   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                                                   | Alcoa Corp                                                                     | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |     34595 | NS      | $1137829.55   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                                             | ArcelorMittal SA                                                               | CUSIP: 000000000<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |     59379 | NS      | $2131852.72   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                                     | Digital Realty Trust Inc                                                       | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |    127405 | NS      | $22025776.40  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                                  | GOLD 100 OZ FUTR FEB26                                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        88 | NC      | $1721059.71   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Naturgy Energy Group SA                                      | Naturgy Energy Group SA                                                        | CUSIP: 000000000<br>LEI: TL2N6M87CW970S5SV098 | Long             | EC               | CORP              | ES        |     36153 | NS      | $1123106.70   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Suntec Real Estate Investment Trust                          | Suntec Real Estate Investment Trust                                            | CUSIP: 000000000<br>LEI: 549300C46QFXSI2F4K13 | Long             | EC               |  | SG        |    362600 | NS      | $359803.09    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME NICKEL FUTURE OCT25                                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        80 | NC      | $1020.85      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Warehouses De Pauw CVA                                       | Warehouses De Pauw CVA                                                         | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               |  | BE        |     72041 | NS      | $1799857.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MEIJI YASUDA LIFE INSURA                                     | Meiji Yasuda Life Insurance Co                                                 | CUSIP: 585270AC5<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |   2400000 | PA      | $2426700.00   | 0.16%             | 2048-04-26      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Segro PLC                                                    | Segro PLC                                                                      | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               |  | GB        |    132376 | NS      | $1166824.42   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                       | KC HRW WHEAT FUT MAY26                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       104 | NC      | $-63799.78    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME PRI ALUM FUTR OCT25                                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |      -105 | NC      | $-197987.26   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                       | COTTON NO.2 FUTR MAY26                                                         | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        75 | NC      | $-38573.85    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                                            | National Grid PLC                                                              | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |   1092892 | NS      | $15690433.86  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional U.S. Government Money Market Fund | State Street Institutional U.S. Government Money Market Fund                   | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    512000 | NS      | $512000.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co                                              | Weyerhaeuser Co                                                                | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |    116538 | NS      | $2888977.02   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                                      | Extra Space Storage Inc                                                        | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               |  | US        |     76877 | NS      | $10835044.38  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd                                           | Teck Resources Ltd                                                             | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |    153594 | NS      | $6741240.66   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Dream Industrial Real Estate Investment Trust                | Dream Industrial Real Estate Investment Trust                                  | CUSIP: 26153W109<br>LEI: 549300QOI0TM3CBYUH79 | Long             | EC               |  | CA        |    618816 | NS      | $5526969.09   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME ZINC FUTURE NOV25                                                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        48 | NC      | $364157.49    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME ZINC FUTURE JAN26                                                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        53 | NC      | $260264.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Core REIT Management Pte Ltd                         | Digital Core REIT Management Pte Ltd                                           | CUSIP: 000000000<br>LEI: 254900RTT7SLEEJYGV92 | Long             | EC               |  | SG        |   4877900 | NS      | $2317002.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercialys SA                                                 | Mercialys SA                                                                   | CUSIP: 000000000<br>LEI: 969500081CGAXB7YS433 | Long             | EC               |  | FR        |    135458 | NS      | $1743018.72   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS PLC                                                 | Barclays PLC                                                                   | CUSIP: 06738EBN4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1001274.61   | 0.07%             | 2025-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Healthcare Realty Trust Inc                                  | Healthcare Realty Trust Inc                                                    | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |    305820 | NS      | $5513934.60   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PACS Group Inc                                               | PACS Group Inc                                                                 | CUSIP: 69380Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29293 | NS      | $402192.89    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                                  | Equinix Inc                                                                    | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |     13144 | NS      | $10294906.56  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                                           | LOW SU GASOIL G JAN26                                                          | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |        67 | NC      | $178818.07    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| International Container Terminal Services Inc                | International Container Terminal Services Inc                                  | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |    252450 | NS      | $2045625.77   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME PRI ALUM FUTR NOV25                                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |      -103 | NC      | $-184003.55   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                        | LME ZINC FUTURE NOV25                                                          | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -48 | NC      | $-174977.79   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                                      | Algonquin Power & Utilities Corp                                               | CUSIP: 015857808<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EP               | CORP              | CA        |     10000 | NS      | $255000.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                                           | Expand Energy Corp                                                             | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     39256 | NS      | $4170557.44   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Prime Site AG                                          | Swiss Prime Site AG                                                            | CUSIP: 000000000<br>LEI: 506700XI9H64OPR34158 | Long             | EC               | CORP              | CH        |     28791 | NS      | $4025423.40   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                                           | Anglo American PLC                                                             | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |    192040 | NS      | $7192944.66   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc                                           | CareTrust REIT Inc                                                             | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               |  | US        |    103437 | NS      | $3587195.16   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Interfor Corp                                                | Interfor Corp                                                                  | CUSIP: 45868C109<br>LEI: 549300P4G5UZ3AMJE056 | Long             | EC               | CORP              | CA        |    244695 | NS      | $1784618.99   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN POWER CO                                            | Southern Power Co                                                              | CUSIP: 843646AW0<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    750000 | PA      | $742886.95    | 0.05%             | 2026-01-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| Reliance Inc                                                 | Reliance Inc                                                                   | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      3677 | NS      | $1032611.91   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc                                         | Invitation Homes Inc                                                           | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               |  | US        |    404193 | NS      | $11854980.69  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC                                             | Crown Castle Inc                                                               | CUSIP: 22822VAB7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   2338000 | PA      | $2336943.83   | 0.16%             | 2026-02-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                       | VICI Properties LP / VICI Note Co Inc                                          | CUSIP: 92564RAK1<br>LEI: N/A                  | Long             | DBT              |  | US        |   1587000 | PA      | $1585437.61   | 0.11%             | 2028-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                       | U.S. Treasury Bills                                                            | CUSIP: 912797RP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        | 119000000 | PA      | $118329386.00 | 8.01%             | 2025-11-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennon Group PLC                                             | Pennon Group PLC                                                               | CUSIP: 000000000<br>LEI: 213800V1CCTS41GWH423 | Long             | EC               | CORP              | GB        |    506403 | NS      | $3184641.83   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Paranaense de Energia - Copel                            | Cia Paranaense de Energia - Copel                                              | CUSIP: 000000000<br>LEI: 2549001AS1I9A71VG663 | Long             | EC               | CORP              | BR        |   1040965 | NS      | $2362695.70   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO-DOMINION BANK                                        | Toronto-Dominion Bank/The                                                      | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $3174902.25   | 0.21%             | 2082-10-31      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                        | LME NICKEL FUTURE NOV25                                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        41 | NC      | $-71824.62    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Cohen & Steers Real Assets Fund, Inc.

**Signature:** Albert Laskaj

**Name of Signer:** Albert Laskaj

**Title:** Treasurer and Chief Financial Officer