# EDGAR Filing Document

**Accession Number:** 0000916620
**File Stem:** 0002066578-25-001563
**Filing Date:** 2025-11
**Character Count:** 179576
**Document Hash:** 1d1a7f6e478607d924988ad26453ee55
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-25-001563.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0002066578-25-001563

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN FUNDS
- **CENTRAL INDEX KEY:** 0000916620

**ORGANIZATION NAME:**
- **EIN:** 391777365
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08236
- **FILM NUMBER:** 251506530

**BUSINESS ADDRESS:**
- **STREET 1:** NORTHERN FUNDS
- **STREET 2:** 50 SOUTH LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
- **BUSINESS PHONE:** 800-595-9111

**MAIL ADDRESS:**
- **STREET 1:** NORTHERN FUNDS
- **STREET 2:** 50 SOUTH LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603

## Series and Classes Contracts Data

### GLOBAL REAL ESTATE INDEX FUND (Series ID: S000012717)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000034255 | GLOBAL REAL ESTATE INDEX FUND | NGREX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Northern Funds

- **b. Investment Company Act file number:** 811-08236

- **c. CIK number of Registrant:** 0000916620

- **d. LEI of Registrant:** 5493004ZY1PEJR3C0A81

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

  - **Street Address 1:** 50 South LaSalle Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60603

  - **Telephone number:** 800-595-9111

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

- **a. Name of Series:** Global Real Estate Index Fund

- **b. EDGAR series identifier (if any):** S000012717

- **c. LEI of Series:** 549300IBNCW08MG2I792

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

- **a. Date of fiscal year-end:** 2026-03-31

- **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:** $755089332.50

**Total Liabilities:** $159924.11

**Net Assets:** $754929408.39

**Cash Not Reported:** $1604911.85

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000034255 | -1.30%               | 4.25%                | 1.26%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8379828.38              | $-19417748.05                              |
| Month 2  | $4359718.33              | $25262398.11                               |
| Month 3  | $2619973.86              | $3005280.18                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ARENA REIT                                    | ARENA REIT                                    | CUSIP: Q0457C152<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     145023 | NS      | $373001.69    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CHOICE PROPS. REAL ESTATE                     | CHOICE PROPS. REAL ESTATE                     | CUSIP: 17039A106<br>LEI: 5493007MYGFSLOZGT937 | Long             | EC               | CORP              | CA        |      59016 | NS      | $623363.66    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AL RAJHI REIT                                 | AL RAJHI REIT                                 | CUSIP: M0857X107<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     100545 | NS      | $223191.13    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| COUSINS PROPS. INC                            | COUSINS PROPS. INC                            | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |      61647 | NS      | $1784064.18   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTURION CORP LTD                            | CENTURION CORP LTD                            | CUSIP: Y8068A128<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |      67500 | NS      | $78640.71     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HULIC REIT INC                                | HULIC REIT INC                                | CUSIP: J2359T109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        474 | NS      | $543332.41    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MERLIN PROPS. SOCIMI SA                       | MERLIN PROPS. SOCIMI SA                       | CUSIP: E7390Z100<br>LEI: 959800L8KD863DP30X04 | Long             | EC               | CORP              | ES        |     145050 | NS      | $2199238.78   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| RIOCAN REAL ESTATE INV. T                     | RIOCAN REAL ESTATE INV. T                     | CUSIP: 766910103<br>LEI: 549300S8HVUSEU3JBY60 | Long             | EC               | CORP              | CA        |      51439 | NS      | $700416.07    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN APT. PROPS. REIT                     | CANADIAN APT. PROPS. REIT                     | CUSIP: 134921105<br>LEI: 549300B1MYVTQEB2DI90 | Long             | EC               | CORP              | CA        |      28575 | NS      | $835670.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LEG IMMOBILIEN SE                             | LEG IMMOBILIEN SE                             | CUSIP: D4960A103<br>LEI: 391200SO40AKONBO0Z96 | Long             | EC               | CORP              | DE        |      27788 | NS      | $2209144.98   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| REDEFINE PROPS. LTD                           | REDEFINE PROPS. LTD                           | CUSIP: S6815L196<br>LEI: 37890061EC026A7DA532 | Long             | EC               | CORP              | ZA        |    2572970 | NS      | $740930.55    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICOLD REALTY TST. INC                     | AMERICOLD REALTY TST. INC                     | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |     100742 | NS      | $1233082.08   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARDWALK REAL ESTATE INV                     | BOARDWALK REAL ESTATE INV                     | CUSIP: 096631106<br>LEI: 549300KXE6YWGWBI0U31 | Long             | EC               | CORP              | CA        |       8934 | NS      | $443779.13    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DIOS FASTIGHETER AB                           | DIOS FASTIGHETER AB                           | CUSIP: W2592B100<br>LEI: 549300G3VF7LZQ9IW435 | Long             | EC               | CORP              | SE        |      42084 | NS      | $292131.75    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| IOI PROPS. GRP. BHD                           | IOI PROPS. GRP. BHD                           | CUSIP: Y417A6104<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     480900 | NS      | $238884.24    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERRENT REAL ESTATE INV                     | INTERRENT REAL ESTATE INV                     | CUSIP: 46071W205<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      26984 | NS      | $259234.09    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CT REAL ESTATE INV. TRUST                     | CT REAL ESTATE INV. TRUST                     | CUSIP: 126462100<br>LEI: 549300QXEHJXT6D53X16 | Long             | EC               | CORP              | CA        |      21037 | NS      | $245182.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DREAM INDL. REAL ESTATE I                     | DREAM INDL. REAL ESTATE I                     | CUSIP: 26153W109<br>LEI: 549300QOI0TM3CBYUH79 | Long             | EC               | CORP              | CA        |      51221 | NS      | $457481.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| KITE REALTY GRP. TRUST                        | KITE REALTY GRP. TRUST                        | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      79392 | NS      | $1770441.60   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MONTEA NV                                     | MONTEA NV                                     | CUSIP: B6214F103<br>LEI: 5493006K5LQDD0GK1T60 | Long             | EC               | CORP              | BE        |       7251 | NS      | $585712.48    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CROMBIE REAL ESTATE INV.                      | CROMBIE REAL ESTATE INV.                      | CUSIP: 227107109<br>LEI: 549300OGQML2MCFAPT83 | Long             | EC               | CORP              | CA        |      20454 | NS      | $221485.79    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DAR AL ARKAN REAL ESTATE                      | DAR AL ARKAN REAL ESTATE                      | CUSIP: M2723D109<br>LEI: 558600USX20EGH6LVQ89 | Long             | EC               | CORP              | SA        |     189231 | NS      | $1004922.13   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| CONCENTRADORA FIBRA DANHO                     | CONCENTRADORA FIBRA DANHO                     | CUSIP: P2825H138<br>LEI: 2SFFM4FUIE05S37WFU55 | Long             | EC               | CORP              | MX        |     120953 | NS      | $184135.73    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HYPROP INVS. LTD                              | HYPROP INVS. LTD                              | CUSIP: S3723H102<br>LEI: 3789003E3E1AD1E96166 | Long             | EC               | CORP              | ZA        |     143722 | NS      | $389371.07    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA VANKE CO LTD                            | CHINA VANKE CO LTD                            | CUSIP: Y77421132<br>LEI: 529900E66UJ2DWY7KW55 | Long             | EC               | CORP              | HK        |     794841 | NS      | $569594.94    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN PRIME REALTY INV. C                     | JAPAN PRIME REALTY INV. C                     | CUSIP: J2741H102<br>LEI: 353800NJOQJAY1ODEX72 | Long             | EC               | CORP              | JP        |       1219 | NS      | $849861.66    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPITALAND ASCENDAS REIT                      | CAPITALAND ASCENDAS REIT                      | CUSIP: Y0205X103<br>LEI: 549300ILIBAEMQZK3L20 | Long             | EC               | CORP              | SG        |    1419534 | NS      | $3077584.26   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| MAHINDRA LIFESPACE DEVELO                     | MAHINDRA LIFESPACE DEVELO                     | CUSIP: Y54162105<br>LEI: 335800C4GAEGPH1E9B03 | Long             | EC               | CORP              | IN        |      40041 | NS      | $159585.52    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| INVINCIBLE INV. CORP                          | INVINCIBLE INV. CORP                          | CUSIP: J2442V103<br>LEI: 353800JY6M2692VAV685 | Long             | EC               | CORP              | JP        |       2752 | NS      | $1255742.82   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| ARTIS REAL ESTATE INV. TR                     | ARTIS REAL ESTATE INV. TR                     | CUSIP: 04315L105<br>LEI: 549300OG2O5VI2N1XS44 | Long             | EC               | RF                | CA        |      20185 | NS      | $91374.22     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HANG LUNG GRP. LTD                            | HANG LUNG GRP. LTD                            | CUSIP: Y30148111<br>LEI: 529900V2T2EPOQYH0981 | Long             | EC               | CORP              | HK        |     290000 | NS      | $546944.87    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MIVNE REAL ESTATE KD LTD                      | MIVNE REAL ESTATE KD LTD                      | CUSIP: M5514Q106<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     206552 | NS      | $806127.51    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| HYSAN DEV. CO LTD                             | HYSAN DEV. CO LTD                             | CUSIP: Y38203124<br>LEI: 5299007BABFLKIH9HL03 | Long             | EC               | CORP              | HK        |     217045 | NS      | $443433.51    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| KEIHANSHIN BLDG. CO LTD                       | KEIHANSHIN BLDG. CO LTD                       | CUSIP: J31976103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      11200 | NS      | $123970.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SALHIA REAL ESTATE CO KSC                     | SALHIA REAL ESTATE CO KSC                     | CUSIP: M69626105<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |     147171 | NS      | $189712.96    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GEMDALE PROPS. & INV. COR                     | GEMDALE PROPS. & INV. COR                     | CUSIP: G3911S103<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    2130000 | NS      | $53373.56     | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| PROLOGIS PROP. MEXICO SA                      | PROLOGIS PROP. MEXICO SA                      | CUSIP: P4559M101<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     382384 | NS      | $1565992.30   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SCENTRE GROUP                                 | SCENTRE GROUP                                 | CUSIP: Q8351E109<br>LEI: 529900TUCASM3W86E831 | Long             | EC               | CORP              | AU        |    1891916 | NS      | $5118997.71   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| ENTRA ASA                                     | ENTRA ASA                                     | CUSIP: R2R8A2105<br>LEI: 549300APU14LQKTYCH34 | Long             | EC               | CORP              | NO        |      18181 | NS      | $216967.44    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SMARTCENTRES REAL ESTATE                      | SMARTCENTRES REAL ESTATE                      | CUSIP: 83179X108<br>LEI: 549300HKEP2IYWZ14H97 | Long             | EC               | CORP              | CA        |      26637 | NS      | $511992.35    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVATIVE INDL. PROPS. I                     | INNOVATIVE INDL. PROPS. I                     | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |      10247 | NS      | $549034.26    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ARABIAN CENTRES CO LTD                        | ARABIAN CENTRES CO LTD                        | CUSIP: M0000Y101<br>LEI: 8945006MT4ZZ5EBVCI56 | Long             | EC               | CORP              | SA        |      78216 | NS      | $472750.26    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| NETSTREIT CORP                                | NETSTREIT CORP                                | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |      28907 | NS      | $522060.42    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| ARRIYADH DEV. CO                              | ARRIYADH DEV. CO                              | CUSIP: M1R03C105<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      42269 | NS      | $333503.27    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| EMAAR ECONOMIC CITY                           | EMAAR ECONOMIC CITY                           | CUSIP: M4018S106<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      71453 | NS      | $265027.69    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PHOENIX MILLS LTD/THE                         | PHOENIX MILLS LTD/THE                         | CUSIP: Y6973B132<br>LEI: 33580037PCXCE5PNQU51 | Long             | EC               | CORP              | IN        |      73105 | NS      | $1280897.29   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| DEXUS                                         | DEXUS                                         | CUSIP: Q318A1104<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     395074 | NS      | $1879638.10   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| BRIGADE ENTS. LTD                             | BRIGADE ENTS. LTD                             | CUSIP: Y0970Q101<br>LEI: 335800QDUUQVHS6II245 | Long             | EC               | CORP              | IN        |      49179 | NS      | $496389.53    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| NESCO LTD                                     | NESCO LTD                                     | CUSIP: Y6268M124<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |       7499 | NS      | $110830.13    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SEAZEN GRP. LTD                               | SEAZEN GRP. LTD                               | CUSIP: G7956A109<br>LEI: 5493006M8GRAQRCSCD67 | Long             | EC               | CORP              | KY        |     867904 | NS      | $285647.15    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| GRAND CITY PROPS. SA                          | GRAND CITY PROPS. SA                          | CUSIP: L4459Y100<br>LEI: 5299002QLUYKK2WBMB18 | Long             | EC               | CORP              | DE        |      25550 | NS      | $337317.44    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL STORAGE REIT                         | NATIONAL STORAGE REIT                         | CUSIP: Q6605D109<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     428203 | NS      | $667301.13    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| CARETRUST REIT INC                            | CARETRUST REIT INC                            | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |      79819 | NS      | $2768122.92   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| KILLAM APT. REAL ESTATE I                     | KILLAM APT. REAL ESTATE I                     | CUSIP: 49410M102<br>LEI: 2549001RZSL75H60JE41 | Long             | EC               | CORP              | CA        |      20637 | NS      | $266470.42    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R REAL ESTATE INV. TRUS                     | H&R REAL ESTATE INV. TRUS                     | CUSIP: 403925407<br>LEI: 549300TGNP6B6GUVGW10 | Long             | EC               | CORP              | CA        |      47008 | NS      | $379995.69    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITE GRP. PLC/THE                            | UNITE GRP. PLC/THE                            | CUSIP: G9283N101<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               | CORP              | GB        |     141045 | NS      | $1365099.27   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| GRAINGER PLC                                  | GRAINGER PLC                                  | CUSIP: G40432117<br>LEI: 2138007CEIRKZMNI2979 | Long             | EC               | CORP              | GB        |     261595 | NS      | $683238.24    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| BRITISH LAND CO PLC/THE                       | BRITISH LAND CO PLC/THE                       | CUSIP: G15540118<br>LEI: RV5B68J2GV3QGMRPW209 | Long             | EC               | CORP              | GB        |     360763 | NS      | $1695448.21   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| DERWENT LONDON PLC                            | DERWENT LONDON PLC                            | CUSIP: G27300105<br>LEI: 213800BXKQ9KZNUR1M61 | Long             | EC               | CORP              | GB        |      38200 | NS      | $899963.75    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| SAFESTORE HLDGS. PLC                          | SAFESTORE HLDGS. PLC                          | CUSIP: G77733106<br>LEI: 213800WGA3YSJC1YOH73 | Long             | EC               | CORP              | GB        |      82487 | NS      | $733709.37    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| VUKILE PROP. LTD                              | VUKILE PROP. LTD                              | CUSIP: S9468N170<br>LEI: 549300BDQAETROOTKO37 | Long             | EC               | CORP              | ZA        |     425205 | NS      | $510909.04    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| APPLE HOSPITALITY REIT IN                     | APPLE HOSPITALITY REIT IN                     | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |      84804 | NS      | $1018496.04   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NOMURA REAL ESTATE MASTER                     | NOMURA REAL ESTATE MASTER                     | CUSIP: J589D3119<br>LEI: 353800TNNZOQ1CPZE086 | Long             | EC               | CORP              | JP        |       1448 | NS      | $1570636.64   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUINIX INC                                   | EQUINIX INC                                   | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      35619 | NS      | $27898225.56  | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| PANDOX AB                                     | PANDOX AB                                     | CUSIP: W70174102<br>LEI: 549300K4HA8EBLSL3B97 | Long             | EC               | CORP              | SE        |      39659 | NS      | $759880.59    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SUPERMARKET INC. REIT PLC                     | SUPERMARKET INC. REIT PLC                     | CUSIP: G8586X105<br>LEI: 2138007FOINJKAM7L537 | Long             | EC               | CORP              | GB        |     477697 | NS      | $505950.05    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CRE LOGISTICS REIT INC                        | CRE LOGISTICS REIT INC                        | CUSIP: J7008E106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        191 | NS      | $196480.60    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTURIA OFFICE REIT                          | CENTURIA OFFICE REIT                          | CUSIP: Q2227Z107<br>LEI: 984500D9D1RFE9AF4796 | Long             | EC               | CORP              | AU        |     124803 | NS      | $99065.58     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ATRIUM LJUNGBERG AB                           | ATRIUM LJUNGBERG AB                           | CUSIP: W1R95C129<br>LEI: 5493001NNP6HM67OVU09 | Long             | EC               | CORP              | SE        |      90983 | NS      | $306459.67    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUITY FRACTIONAL ESCROW                      | EQUITY FRACTIONAL ESCROW                      | CUSIP: CKEESC010<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      75000 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| REIT 1 LTD                                    | REIT 1 LTD                                    | CUSIP: M8209Q100<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      74471 | NS      | $551223.34    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| HIAG IMMOBILIEN HLDG. AG                      | HIAG IMMOBILIEN HLDG. AG                      | CUSIP: H3634R100<br>LEI: 549300TU2XXQ3TU4KJ11 | Long             | EC               | CORP              | CH        |       1791 | NS      | $251081.46    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SEKISUI HOUSE REIT INC                        | SEKISUI HOUSE REIT INC                        | CUSIP: J91258103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       1550 | NS      | $834275.23    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| XENIA HOTELS & RESORTS IN                     | XENIA HOTELS & RESORTS IN                     | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |      35983 | NS      | $493686.76    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMUNITY HEALTHCARE TST.                     | COMMUNITY HEALTHCARE TST.                     | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |      10888 | NS      | $166586.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMARY HEALTH PROPS. PLC                     | PRIMARY HEALTH PROPS. PLC                     | CUSIP: G7240B186<br>LEI: 213800Y5CJHXOATK7X11 | Long             | EC               | CORP              | GB        |     861341 | NS      | $1059959.88   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| LENDLEASE GBL. COMMER. RE                     | LENDLEASE GBL. COMMER. RE                     | CUSIP: Y5229U100<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |     622501 | NS      | $301755.79    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| EASTERLY GOV. PROPS. INC                      | EASTERLY GOV. PROPS. INC                      | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |      16036 | NS      | $367705.48    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INC                             | IRON MOUNTAIN INC                             | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |     107345 | NS      | $10942749.30  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                                 | WELLTOWER INC                                 | CUSIP: 95040Q104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     238163 | NS      | $42426356.82  | 5.62%             |  |  |  | No            |                  1 | On Loan: No      |
| FOUR CORNERS PROP. TST. I                     | FOUR CORNERS PROP. TST. I                     | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |      36605 | NS      | $893162.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MEGA OR HLDGS. LTD                            | MEGA OR HLDGS. LTD                            | CUSIP: M6889L102<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |       8694 | NS      | $471318.96    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| EAGLE HOSPITALITY TRUST                       | EAGLE HOSPITALITY TRUST                       | CUSIP: Y2188L106<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |     496400 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ESR-REIT                                      | ESR-REIT                                      | CUSIP: Y2301D114<br>LEI: 5493008PFX3JN1RMMD48 | Long             | EC               | CORP              | SG        |     219167 | NS      | $476030.89    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| STONEWEG EUR. STAPLED TRU                     | STONEWEG EUR. STAPLED TRU                     | CUSIP: Y816FX103<br>LEI: 21380093RFHTC319NL93 | Long             | EC               | CORP              | SG        |     126771 | NS      | $226226.58    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| TORUNLAR GAYRIMENKUL YATI                     | TORUNLAR GAYRIMENKUL YATI                     | CUSIP: M8820E106<br>LEI: 789000AZI3NB7PA5A670 | Long             | EC               | CORP              | TR        |      72904 | NS      | $131109.07    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BLUE SQUARE REAL ESTATE L                     | BLUE SQUARE REAL ESTATE L                     | CUSIP: M20259103<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |       2156 | NS      | $235747.68    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ECO WORLD DEV. GRP. BHD                       | ECO WORLD DEV. GRP. BHD                       | CUSIP: Y74998108<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     403600 | NS      | $210126.86    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| FRASERS LOGISTICS & COMME                     | FRASERS LOGISTICS & COMME                     | CUSIP: Y26465107<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    1047846 | NS      | $773676.03    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| TAKARA LEBEN REAL ESTATE                      | TAKARA LEBEN REAL ESTATE                      | CUSIP: J80746100<br>LEI: 353800B55299YP0HS329 | Long             | EC               | CORP              | JP        |        322 | NS      | $204882.50    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SASSEUR REAL ESTATE INV.                      | SASSEUR REAL ESTATE INV.                      | CUSIP: Y7541M105<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |     213400 | NS      | $112556.72    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LOTTE REIT CO LTD                             | LOTTE REIT CO LTD                             | CUSIP: Y528AU105<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      62556 | NS      | $173736.07    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SMARTSTOP SELF STORAGE RE                     | SMARTSTOP SELF STORAGE RE                     | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               | CORP              | US        |      10898 | NS      | $410200.72    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| SUPALAI PCL                                   | SUPALAI PCL                                   | CUSIP: Y8309K174<br>LEI: 9845000F0E39B2C16696 | Long             | EC               | CORP              | TH        |     144200 | NS      | $81053.45     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SANSIRI PCL                                   | SANSIRI PCL                                   | CUSIP: Y7511B121<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    5497466 | NS      | $247758.68    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| RUENTEX DEV. CO LTD                           | RUENTEX DEV. CO LTD                           | CUSIP: Y73659123<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     573955 | NS      | $558120.26    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| AP THAILAND PCL                               | AP THAILAND PCL                               | CUSIP: Y0209X125<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     434904 | NS      | $118836.54    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORI TRUST                                    | MORI TRUST                                    | CUSIP: J4664Q101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        974 | NS      | $499123.54    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| FRONTIER REAL ESTATE INV.                     | FRONTIER REAL ESTATE INV.                     | CUSIP: J1516D106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        862 | NS      | $520468.73    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN LOGISTICS INC                           | JAPAN LOGISTICS INC                           | CUSIP: J2785A104<br>LEI: 3538004KZWISCQO70151 | Long             | EC               | CORP              | JP        |        930 | NS      | $614919.40    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| KDX REALTY INV. CORP                          | KDX REALTY INV. CORP                          | CUSIP: J32922106<br>LEI: 353800FFT483NCIHFY42 | Long             | EC               | CORP              | JP        |       1506 | NS      | $1715136.77   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| AXIS REAL ESTATE INV. TRU                     | AXIS REAL ESTATE INV. TRU                     | CUSIP: Y05193100<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     529362 | NS      | $258126.68    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SUN FRONTIER FUDOUSAN CO                      | SUN FRONTIER FUDOUSAN CO                      | CUSIP: J7808L102<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      11400 | NS      | $180338.99    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HANKYU HANSHIN REIT INC                       | HANKYU HANSHIN REIT INC                       | CUSIP: J19573104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        261 | NS      | $301223.65    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| FUKUOKA REIT CORP                             | FUKUOKA REIT CORP                             | CUSIP: J17128109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        252 | NS      | $322565.18    | 0.04%             |  |  |  | No            |                  2 | On Loan: —       |
| HEIWA REAL ESTATE REIT IN                     | HEIWA REAL ESTATE REIT IN                     | CUSIP: J1927C101<br>LEI: 3538003GH25628YW4R98 | Long             | EC               | CORP              | JP        |        409 | NS      | $420120.10    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| RIMO INTL. LESTARI TBK PT                     | RIMO INTL. LESTARI TBK PT                     | CUSIP: Y71354107<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   42545100 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| KEPPEL REIT                                   | KEPPEL REIT                                   | CUSIP: Y4740G104<br>LEI: 549300ZD5HZLQCF55J25 | Long             | EC               | CORP              | SG        |     969920 | NS      | $759896.52    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| MEGAWORLD CORP                                | MEGAWORLD CORP                                | CUSIP: Y59481112<br>LEI: 254900P57OOZ5AY5C521 | Long             | EC               | CORP              | PH        |    3048001 | NS      | $104203.17    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DAIWA SECS. LIVING INVS.                      | DAIWA SECS. LIVING INVS.                      | CUSIP: J1R49P106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        748 | NS      | $543229.68    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| FRASERS CENTREPOINT TRUST                     | FRASERS CENTREPOINT TRUST                     | CUSIP: Y2642S101<br>LEI: 5493002RGQ266FKERZ83 | Long             | EC               | CORP              | SG        |     479709 | NS      | $862658.06    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN HOTEL REIT INV. COR                     | JAPAN HOTEL REIT INV. COR                     | CUSIP: J2761Q107<br>LEI: 353800L8KG849FP1JI68 | Long             | EC               | CORP              | JP        |       1831 | NS      | $1103982.71   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA REAL ESTATE HOLDIN                     | NOMURA REAL ESTATE HOLDIN                     | CUSIP: J5893B104<br>LEI: 353800UZ91CT24OL9P59 | Long             | EC               | CORP              | JP        |     201500 | NS      | $1284900.90   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPITALAND CHINA TRUST                        | CAPITALAND CHINA TRUST                        | CUSIP: Y1092E109<br>LEI: 5493007T7JU82E186P49 | Long             | EC               | CORP              | SG        |     425827 | NS      | $260793.88    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GPT GROUP/THE                                 | GPT GROUP/THE                                 | CUSIP: Q4252X155<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     704955 | NS      | $2507351.94   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| HEIWA REAL ESTATE CO LTD                      | HEIWA REAL ESTATE CO LTD                      | CUSIP: J19278100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      13500 | NS      | $215737.97    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| HENDERSON LAND DEV. CO LT                     | HENDERSON LAND DEV. CO LT                     | CUSIP: Y31476107<br>LEI: 529900SYQB7IVR9QGN76 | Long             | EC               | CORP              | HK        |     525555 | NS      | $1855159.81   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| HONGKONG LAND HLDGS. LTD                      | HONGKONG LAND HLDGS. LTD                      | CUSIP: G4587L109<br>LEI: 213800XCHYNRPAYGXW28 | Long             | EC               | CORP              | SG        |     395618 | NS      | $2503470.59   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| BIG YELLOW GRP. PLC                           | BIG YELLOW GRP. PLC                           | CUSIP: G1093E108<br>LEI: 213800W7Q4V2ZI8LIW31 | Long             | EC               | CORP              | GB        |      66879 | NS      | $874356.60    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ALTAREA SCA                                   | ALTAREA SCA                                   | CUSIP: F0261X121<br>LEI: 969500ICGCY1PD6OT783 | Long             | EC               | CORP              | FR        |       2187 | NS      | $269949.21    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| OBEROI REALTY LTD                             | OBEROI REALTY LTD                             | CUSIP: Y6424D109<br>LEI: 335800TCKG1XQXN51L44 | Long             | EC               | CORP              | IN        |      45547 | NS      | $811560.68    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| NORTHWEST HEALTHCARE PROP                     | NORTHWEST HEALTHCARE PROP                     | CUSIP: 667495105<br>LEI: 254900P6YIXMWDQDD912 | Long             | EC               | CORP              | CA        |      47357 | NS      | $173203.37    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AIMS APAC REIT                                | AIMS APAC REIT                                | CUSIP: Y0029Z136<br>LEI: 549300MGNQOBQ3KVN734 | Long             | EC               | CORP              | SG        |     193982 | NS      | $204511.79    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| STORAGEVAULT CANADA INC                       | STORAGEVAULT CANADA INC                       | CUSIP: 86212H105<br>LEI: 254900A6LDI0HRL1VD69 | Long             | EC               | CORP              | CA        |      84741 | NS      | $314802.74    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RETAL URBAN DEV. CO                           | RETAL URBAN DEV. CO                           | CUSIP: M8S0B0106<br>LEI: 5586009EAJUMBXKV7452 | Long             | EC               | CORP              | SA        |      87936 | NS      | $282209.28    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| KEYSTONE REALTORS LTD                         | KEYSTONE REALTORS LTD                         | CUSIP: Y475W5100<br>LEI: 335800648RNLVE7JFK88 | Long             | EC               | CORP              | IN        |      11345 | NS      | $75480.96     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LOGISTEA AB SER B NPV                         | LOGISTEA AB SER B NPV                         | CUSIP: W5S480156<br>LEI: N/A                  | Long             | EC               | CORP              | SE        |     118489 | NS      | $193472.25    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUITY RESIDENTIAL                            | EQUITY RESIDENTIAL                            | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     131269 | NS      | $8497042.37   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR INC                                       | UDR INC                                       | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |     114256 | NS      | $4257178.56   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| KERRY PROPS. LTD                              | KERRY PROPS. LTD                              | CUSIP: G52440107<br>LEI: 5299006T5ULIIRZ7LK49 | Long             | EC               | CORP              | HK        |     209099 | NS      | $560826.68    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SP SETIA BHD GROUP                            | SP SETIA BHD GROUP                            | CUSIP: Y8132G101<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     882469 | NS      | $216227.81    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| TOKYO TATEMONO CO LTD                         | TOKYO TATEMONO CO LTD                         | CUSIP: J88333133<br>LEI: 529900RQA4JTW1869J86 | Long             | EC               | CORP              | JP        |      69000 | NS      | $1381407.51   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| INDEPENDENCE REALTY TST.                      | INDEPENDENCE REALTY TST.                      | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |      86759 | NS      | $1421980.01   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL STORAGE AFFILIAT                     | NATIONAL STORAGE AFFILIAT                     | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |      26848 | NS      | $811346.56    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGHWOODS PROPS. INC                          | HIGHWOODS PROPS. INC                          | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |      38795 | NS      | $1234456.90   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMCO REALTY CORP                             | KIMCO REALTY CORP                             | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |     245765 | NS      | $5369965.25   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| BRANDYWINE REALTY TRUST                       | BRANDYWINE REALTY TRUST                       | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |      66096 | NS      | $275620.32    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PURAVANKARA LTD                               | PURAVANKARA LTD                               | CUSIP: Y71589108<br>LEI: 335800RUKQKFGE1ZN148 | Long             | EC               | CORP              | IN        |      20475 | NS      | $60733.64     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SLATE GROCERY REIT                            | SLATE GROCERY REIT                            | CUSIP: 831062203<br>LEI: 5493007WH5UCZ7KXH140 | Long             | EC               | CORP              | CA        |      10998 | NS      | $114587.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CBL & ASSOC. PROPS. INC                       | CBL & ASSOC. PROPS. INC                       | CUSIP: 124830878<br>LEI: 529900EIVFBRS4PUBZ13 | Long             | EC               | CORP              | US        |       6329 | NS      | $193540.82    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMARIS REAL ESTATE INV.                     | PRIMARIS REAL ESTATE INV.                     | CUSIP: 74167K109<br>LEI: 549300WUM45OXSEVOT03 | Long             | EC               | CORP              | CA        |      19478 | NS      | $214556.11    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIED PROPS. REAL ESTATE                     | ALLIED PROPS. REAL ESTATE                     | CUSIP: 019456102<br>LEI: 549300AMZMPKVHA0MY77 | Long             | EC               | RF                | CA        |      22864 | NS      | $340733.89    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWELL DEV. CORP                             | CROWELL DEV. CORP                             | CUSIP: Y1804B104<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      75600 | NS      | $71943.83     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| INVENTRUST PROPS. CORP                        | INVENTRUST PROPS. CORP                        | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |      28829 | NS      | $825085.98    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WALLENSTAM AB                                 | WALLENSTAM AB                                 | CUSIP: W9898B148<br>LEI: 21380081R2P9MKFQBD25 | Long             | EC               | CORP              | SE        |     142402 | NS      | $661760.59    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERSHOP HLDG. AG                            | INTERSHOP HLDG. AG                            | CUSIP: H42507279<br>LEI: 506700CGX4K77JX3R725 | Long             | EC               | CORP              | CH        |       2228 | NS      | $438940.86    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| JADWA REIT SAUDI FUND                         | JADWA REIT SAUDI FUND                         | CUSIP: M61444101<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      61529 | NS      | $180192.34    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EMBASSY OFFICE PARKS REIT                     | EMBASSY OFFICE PARKS REIT                     | CUSIP: Y2R9YR104<br>LEI: 335800O555A557E43Z08 | Long             | EC               | CORP              | IN        |     307977 | NS      | $1464046.58   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| PUBLIC PROP. INVEST AS                        | PUBLIC PROP. INVEST AS                        | CUSIP: R7S512109<br>LEI: N/A                  | Long             | EC               | CORP              | NO        |      45145 | NS      | $106119.94    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SILA REALTY TRUST INC COM                     | SILA REALTY TRUST INC COM                     | CUSIP: 146280508<br>LEI: 549300HXH142HWKKSW59 | Long             | EC               | CORP              | US        |      20126 | NS      | $505162.60    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE CENTERS CORP                             | SITE CENTERS CORP                             | CUSIP: 82981J851<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               | CORP              | US        |      19783 | NS      | $178244.83    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT INC                                  | NNN REIT INC                                  | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |      68111 | NS      | $2899485.27   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AEDIFICA SA                                   | AEDIFICA SA                                   | CUSIP: B0130A108<br>LEI: 529900DTKNXL0AXQFN28 | Long             | EC               | CORP              | BE        |      17116 | NS      | $1270536.16   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| WIHLBORGS FASTIGHETER AB                      | WIHLBORGS FASTIGHETER AB                      | CUSIP: W9899F163<br>LEI: 549300RC1YDJPITF8X06 | Long             | EC               | CORP              | SE        |     103398 | NS      | $1011823.83   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| HEALTHCARE REALTY TST. IN                     | HEALTHCARE REALTY TST. IN                     | CUSIP: 42226K105<br>LEI: 549300CB86LH2IOKHH22 | Long             | EC               | CORP              | US        |     120771 | NS      | $2177501.13   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| HONG FOK CORP LTD                             | HONG FOK CORP LTD                             | CUSIP: Y3281P101<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |     134400 | NS      | $83494.35     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LINK REIT                                     | LINK REIT                                     | CUSIP: Y5281M111<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               | CORP              | HK        |     944226 | NS      | $4856876.40   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| YUEXIU REAL ESTATE INV. T                     | YUEXIU REAL ESTATE INV. T                     | CUSIP: Y9865D109<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    1001477 | NS      | $119719.86    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| VASTNED NV                                    | VASTNED NV                                    | CUSIP: B52491105<br>LEI: 54930068RSC6OT68NE51 | Long             | EC               | CORP              | BE        |       3480 | NS      | $122594.98    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LIGHTHOUSE PROPERTIES PLC                     | LIGHTHOUSE PROPERTIES PLC                     | CUSIP: V40375103<br>LEI: 549300UG27SWRF0X2U62 | Long             | EC               | CORP              | MT        |     434537 | NS      | $197561.65    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SL GREEN RLTY CORP COM PA                     | SL GREEN RLTY CORP COM PA                     | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |      26024 | NS      | $1556495.44   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| FASTIGHETS AB BALDER                          | FASTIGHETS AB BALDER                          | CUSIP: W2951M127<br>LEI: 549300GHKJCEZOAEUU82 | Long             | EC               | CORP              | SE        |     259471 | NS      | $1864001.08   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| HAMMERSON PLC                                 | HAMMERSON PLC                                 | CUSIP: G4273Q206<br>LEI: 213800G1C9KKVVDN1A60 | Long             | EC               | CORP              | GB        |     180741 | NS      | $711276.65    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| RL COMMER. REIT INC                           | RL COMMER. REIT INC                           | CUSIP: Y7319E103<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |    1960500 | NS      | $244509.04    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NEPI ROCKCASTLE N.V.                          | NEPI ROCKCASTLE N.V.                          | CUSIP: N6S06Q108<br>LEI: 549300FMWM53K9ULYT15 | Long             | EC               | CORP              | NL        |     222351 | NS      | $1784033.81   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| SK REITS CO LTD                               | SK REITS CO LTD                               | CUSIP: Y806SW102<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      53192 | NS      | $189917.45    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| REGION RE LTD                                 | REGION RE LTD                                 | CUSIP: Q8501V100<br>LEI: 549300MS6NZV0B7K7D28 | Long             | EC               | CORP              | AU        |     431076 | NS      | $682905.40    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| CURBLINE PROPS. CORP                          | CURBLINE PROPS. CORP                          | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |      34940 | NS      | $779162.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL REALTY INV. TRUST                     | FEDERAL REALTY INV. TRUST                     | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |      29702 | NS      | $3009109.62   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| GRANITE REAL ESTATE INV.                      | GRANITE REAL ESTATE INV.                      | CUSIP: 387437205<br>LEI: 549300U7HUKRB4S4KZ73 | Long             | EC               | CORP              | CA        |      11300 | NS      | $627886.04    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEA FASTIGHETER AB                          | INTEA FASTIGHETER AB                          | CUSIP: W4R62U163<br>LEI: 549300KD3XGX3754UW61 | Long             | EC               | CORP              | SE        |      28281 | NS      | $208993.26    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL REIT INC                       | GLOBAL MEDICAL REIT INC                       | CUSIP: 37954A303<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EC               | CORP              | US        |       4929 | NS      | $166143.11    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MAKKAH COMPANY FOR REC &                      | MAKKAH COMPANY FOR REC &                      | CUSIP: M6S89F103<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      36412 | NS      | $867891.81    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| LASALLE LOGIPORT REIT                         | LASALLE LOGIPORT REIT                         | CUSIP: J38684106<br>LEI: 353800II3DI1RPKBB314 | Long             | EC               | CORP              | JP        |        644 | NS      | $624883.86    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| PRASHKOVSKY INVS. AND CON                     | PRASHKOVSKY INVS. AND CON                     | CUSIP: M41416104<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |       2607 | NS      | $105110.49    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TARGET HEALTHCARE REIT PL                     | TARGET HEALTHCARE REIT PL                     | CUSIP: G8672Z105<br>LEI: 213800RXPY9WULUSBC04 | Long             | EC               | CORP              | GB        |     233598 | NS      | $303578.32    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HEALTHPEAK PROPS. INC                         | HEALTHPEAK PROPS. INC                         | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |     252297 | NS      | $4831487.55   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SOSILA LOGISTICS REIT INC                     | SOSILA LOGISTICS REIT INC                     | CUSIP: J7645P100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        227 | NS      | $182145.78    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRST CAP. REAL ESTATE IN                     | FIRST CAP. REAL ESTATE IN                     | CUSIP: 31890B103<br>LEI: 54930042UG2WCIIAQZ39 | Long             | EC               | CORP              | CA        |      38341 | NS      | $544658.74    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SVEAFASTIGHETER AB                            | SVEAFASTIGHETER AB                            | CUSIP: W8963L106<br>LEI: N/A                  | Long             | EC               | CORP              | SE        |      25832 | NS      | $111224.67    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EMPIRIC STUDENT PROP. PLC                     | EMPIRIC STUDENT PROP. PLC                     | CUSIP: G30381100<br>LEI: 213800FPF38IBPRFPU87 | Long             | EC               | CORP              | GB        |     224928 | NS      | $280616.06    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| VICINITY LTD                                  | VICINITY LTD                                  | CUSIP: Q9395F102<br>LEI: 549300S7GOEVR0EGFN47 | Long             | EC               | CORP              | AU        |    1403690 | NS      | $2345206.67   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| RESILIENT REIT LTD                            | RESILIENT REIT LTD                            | CUSIP: S6990F105<br>LEI: 378900F37FF47D486C58 | Long             | EC               | CORP              | ZA        |     105793 | NS      | $392490.60    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| RAYMOND REALTY LTD                            | RAYMOND REALTY LTD                            | CUSIP: Y72125100<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      10028 | NS      | $64750.09     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER HALL RET. REIT                        | CHARTER HALL RET. REIT                        | CUSIP: Q2308D108<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     201381 | NS      | $551626.05    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| PRESTIGE ESTATES PROJECTS                     | PRESTIGE ESTATES PROJECTS                     | CUSIP: Y707AN101<br>LEI: 335800HHEBP52VZLTU94 | Long             | EC               | CORP              | IN        |      61922 | NS      | $1053017.07   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED DEV. CO QSC                            | UNITED DEV. CO QSC                            | CUSIP: M9405E107<br>LEI: N/A                  | Long             | EC               | CORP              | QA        |     660772 | NS      | $181240.87    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ZIRAAT GAYRIMENKUL YATIRI                     | ZIRAAT GAYRIMENKUL YATIRI                     | CUSIP: M9892P102<br>LEI: 789000MO4TRW4909N793 | Long             | EC               | CORP              | TR        |     369036 | NS      | $204526.36    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                       | PEBBLEBROOK HOTEL TRUST                       | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |      42558 | NS      | $484735.62    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TERRENO REALTY CORP                           | TERRENO REALTY CORP                           | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      37381 | NS      | $2121371.75   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MAPLETREE INDL. TRUST                         | MAPLETREE INDL. TRUST                         | CUSIP: Y5759S103<br>LEI: 549300R7WZFHXNKDJF41 | Long             | EC               | CORP              | SG        |     782555 | NS      | $1293798.75   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| MAPLETREE PAN ASIA COMMER                     | MAPLETREE PAN ASIA COMMER                     | CUSIP: Y5759T101<br>LEI: 549300BF18K4IC5LZ208 | Long             | EC               | CORP              | SG        |     850361 | NS      | $942484.93    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| RAK PROPS. PJSC                               | RAK PROPS. PJSC                               | CUSIP: M81868107<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |     498238 | NS      | $200777.75    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| KUWAIT REAL ESTATE CO RTS                     | KUWAIT REAL ESTATE CO RTS                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |      44654 | NS      | $26163.90     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NI US GOV T PORTFOLIO                         | NI US GOV T PORTFOLIO                         | CUSIP: 665278404<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   16636721 | NS      | $16636720.73  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SAKURA DEV. CO LTD                            | SAKURA DEV. CO LTD                            | CUSIP: Y74567101<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     136153 | NS      | $217324.21    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| KEPPEL DC REIT RTS                            | KEPPEL DC REIT RTS                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |      54237 | NS      | $6306.87      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STAG INDL. INC                                | STAG INDL. INC                                | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |      67554 | NS      | $2383980.66   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| DUBAI RESIDENTIAL REIT AE                     | DUBAI RESIDENTIAL REIT AE                     | CUSIP: M28898100<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |     693338 | PA      | $234526.52    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA MERCHANTS SHEKOU IN                     | CHINA MERCHANTS SHEKOU IN                     | CUSIP: Y14907102<br>LEI: 300300T3ACALX7NIPW13 | Long             | EC               | CORP              | CN        |     193800 | NS      | $276258.88    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUITES PROP. LTD                             | EQUITES PROP. LTD                             | CUSIP: S2755Y108<br>LEI: 378900F47D60FBC7C419 | Long             | EC               | CORP              | ZA        |     298893 | NS      | $277969.52    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| KOJAMO OYJ                                    | KOJAMO OYJ                                    | CUSIP: X4543E117<br>LEI: 7437007YPUOQZ8OV1R42 | Long             | EC               | CORP              | FI        |      50303 | NS      | $641301.60    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| APARTMENT INV. AND MGT. C                     | APARTMENT INV. AND MGT. C                     | CUSIP: 03748R747<br>LEI: 549300O8FT5GJ4RU1D57 | Long             | EC               | CORP              | US        |      50967 | NS      | $404168.31    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIXMOR PROP. GRP. INC                        | BRIXMOR PROP. GRP. INC                        | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     110948 | NS      | $3071040.64   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER HALL SOCIAL INFRA                     | CHARTER HALL SOCIAL INFRA                     | CUSIP: Q2308H109<br>LEI: 254900W31UGIMDQW3W98 | Long             | EC               | CORP              | AU        |     116719 | NS      | $262029.48    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ISRAEL CANADA T.R LTD                         | ISRAEL CANADA T.R LTD                         | CUSIP: M5897Z129<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      67601 | NS      | $299144.78    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BROOKFIELD INDIA REAL EST                     | BROOKFIELD INDIA REAL EST                     | CUSIP: Y0974Z107<br>LEI: 335800MCXUOZ6TVFEQ25 | Long             | EC               | CORP              | IN        |     120226 | NS      | $465047.75    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ADVANCETEK ENT. CO LTD                        | ADVANCETEK ENT. CO LTD                        | CUSIP: Y0018T125<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      77000 | NS      | $106464.60    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SUMMIT REAL ESTATE HLDGS.                     | SUMMIT REAL ESTATE HLDGS.                     | CUSIP: M8705C134<br>LEI: 254900R2MAR4ZEW3DO03 | Long             | EC               | CORP              | IL        |      14719 | NS      | $284646.30    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HOME REIT PLC                                 | HOME REIT PLC                                 | CUSIP: G4579X103<br>LEI: 213800A53AOVH3FCGG44 | Long             | EC               | CORP              | GB        |     484349 | NS      | $147933.16    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| CENTERSPACE                                   | CENTERSPACE                                   | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |       6541 | NS      | $385264.90    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HAMBORNER REIT AG                             | HAMBORNER REIT AG                             | CUSIP: D29316144<br>LEI: 529900EJTD8IR1GN0P96 | Long             | EC               | CORP              | DE        |      28693 | NS      | $191370.02    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| LODHA DEVELOPERS LIMITED                      | LODHA DEVELOPERS LIMITED                      | CUSIP: Y5311S112<br>LEI: 254900B5QCN52ETNU557 | Long             | EC               | CORP              | IN        |     109734 | NS      | $1405610.40   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| PHILLIPS EDISON INC                           | PHILLIPS EDISON INC                           | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               | CORP              | US        |      45996 | NS      | $1579042.68   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MABANEE CO KPSC                               | MABANEE CO KPSC                               | CUSIP: M6782J113<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |     247218 | NS      | $798138.00    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CIPUTRA DEV. TBK PT                           | CIPUTRA DEV. TBK PT                           | CUSIP: Y7121J134<br>LEI: 2549000JMJUYB9U5Y204 | Long             | EC               | CORP              | ID        |    3603336 | NS      | $202299.21    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| IGB REAL ESTATE INV. TRUS                     | IGB REAL ESTATE INV. TRUS                     | CUSIP: Y3865M102<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     569900 | NS      | $376629.69    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MATRIX CONCEPTS HLDGS. BH                     | MATRIX CONCEPTS HLDGS. BH                     | CUSIP: Y5840A103<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     390050 | NS      | $130766.74    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PSP SWISS PROP. AG                            | PSP SWISS PROP. AG                            | CUSIP: H64687124<br>LEI: 50670042Y437P8X44F56 | Long             | EC               | CORP              | CH        |      16620 | NS      | $2857887.24   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| DIAMONDROCK HOSPITALITY C                     | DIAMONDROCK HOSPITALITY C                     | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |      75722 | NS      | $602747.12    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ICADE                                         | ICADE                                         | CUSIP: F4931M119<br>LEI: 969500UDH342QLTE1M42 | Long             | EC               | CORP              | FR        |      11877 | NS      | $299737.78    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| REGENCY CENTERS CORP                          | REGENCY CENTERS CORP                          | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |      62614 | NS      | $4564560.60   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| HUFVUDSTADEN AB                               | HUFVUDSTADEN AB                               | CUSIP: W30061126<br>LEI: 213800UEV5ZAFFVQ4J85 | Long             | EC               | CORP              | SE        |      41786 | NS      | $563653.57    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| GLADSTONE COMMER. CORP                        | GLADSTONE COMMER. CORP                        | CUSIP: 376536108<br>LEI: 529900EVVV534W8R0T32 | Long             | EC               | CORP              | US        |      16131 | NS      | $198733.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ANANT RAJ LTD                                 | ANANT RAJ LTD                                 | CUSIP: Y01272122<br>LEI: 335800J1QMHJ15K7PF47 | Long             | EC               | CORP              | IN        |      42719 | NS      | $336242.39    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| UEM SUNRISE BHD                               | UEM SUNRISE BHD                               | CUSIP: Y90347124<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     567900 | NS      | $102789.95    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AMOT INVS. LTD                                | AMOT INVS. LTD                                | CUSIP: M1035R103<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      91549 | NS      | $685231.94    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ELECTRA REAL ESTATE LTD                       | ELECTRA REAL ESTATE LTD                       | CUSIP: M3752K105<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      12502 | NS      | $189692.07    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| AZRIELI GRP. LTD                              | AZRIELI GRP. LTD                              | CUSIP: M1571Q105<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      15548 | NS      | $1545252.77   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST                             | RLJ LODGING TRUST                             | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      54997 | NS      | $395978.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| PROLOGIS INC                                  | PROLOGIS INC                                  | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     337933 | NS      | $38700087.16  | 5.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CUBESMART                                     | CUBESMART                                     | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      82667 | NS      | $3361240.22   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| RYMAN HOSPITALITY PROPS.                      | RYMAN HOSPITALITY PROPS.                      | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |      22002 | NS      | $1971159.18   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MACQUARIE MEXICO REAL EST                     | MACQUARIE MEXICO REAL EST                     | CUSIP: P3515D155<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     297826 | NS      | $512110.78    | 0.07%             |  |  |  | Yes           |                  1 | On Loan: No      |
| SAGAX AB                                      | SAGAX AB                                      | CUSIP: W7519A200<br>LEI: 549300LJX28T6OM8DT95 | Long             | EC               | CORP              | SE        |      80642 | NS      | $1686565.84   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTRAL PATTANA PCL                           | CENTRAL PATTANA PCL                           | CUSIP: Y1242U276<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     581626 | NS      | $1005124.39   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| REYSAS GAYRIMENKUL YATIRI                     | REYSAS GAYRIMENKUL YATIRI                     | CUSIP: M8215U103<br>LEI: 789000T4S7UQTKKLGO34 | Long             | EC               | CORP              | TR        |     250101 | NS      | $120033.37    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FABEGE AB                                     | FABEGE AB                                     | CUSIP: W7888D199<br>LEI: 549300JNPI46XNH0PM97 | Long             | EC               | CORP              | SE        |      72933 | NS      | $617651.90    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| C&D INTL. INV. GRP. LTD                       | C&D INTL. INV. GRP. LTD                       | CUSIP: G3165D109<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     321549 | NS      | $739244.63    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| AREIT INC                                     | AREIT INC                                     | CUSIP: Y1001D101<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |     336900 | NS      | $248614.24    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MINDSPACE BUSINESS PARKS                      | MINDSPACE BUSINESS PARKS                      | CUSIP: Y60386102<br>LEI: 335800KNDFQZVN5X6W64 | Long             | EC               | CORP              | IN        |      75144 | NS      | $384883.65    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BROADSTONE NET LEASE INC                      | BROADSTONE NET LEASE INC                      | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |      68048 | NS      | $1216017.76   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| YUEXIU PROP. CO LTD                           | YUEXIU PROP. CO LTD                           | CUSIP: Y9863Z128<br>LEI: 529900GASK6R1FD08W10 | Long             | EC               | CORP              | HK        |     509674 | NS      | $341825.60    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CA IMMOBILIEN ANLAGEN AG                      | CA IMMOBILIEN ANLAGEN AG                      | CUSIP: A1144Q155<br>LEI: 5299003ICAPV07J0R180 | Long             | EC               | CORP              | AT        |      13461 | NS      | $369513.76    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLREAL HOLDING AGCHF50                       | ALLREAL HOLDING AGCHF50                       | CUSIP: H0151D100<br>LEI: 5067006XH174LA44H658 | Long             | EC               | CORP              | CH        |       5462 | NS      | $1277447.86   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| SWISS PRIME SITE AG                           | SWISS PRIME SITE AG                           | CUSIP: H8403W107<br>LEI: 506700XI9H64OPR34158 | Long             | EC               | CORP              | CH        |      29120 | NS      | $4075555.14   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| CASTELLUM AB                                  | CASTELLUM AB                                  | CUSIP: W2084X107<br>LEI: 549300GU5OHTR1T5IY68 | Long             | EC               | CORP              | SE        |     133246 | NS      | $1508307.91   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| MOBIMO HLDG. AG                               | MOBIMO HLDG. AG                               | CUSIP: H55058103<br>LEI: 50670018HN8O1GD3O385 | Long             | EC               | CORP              | CH        |       2608 | NS      | $1071342.81   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| TAG IMMOBILIEN AG                             | TAG IMMOBILIEN AG                             | CUSIP: D8283Q174<br>LEI: 529900TAE68USJNXLR59 | Long             | EC               | CORP              | DE        |      63428 | NS      | $1096612.03   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| UMH PROPS. INC                                | UMH PROPS. INC                                | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |      30367 | NS      | $450949.95    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GODREJ PROPS. LTD                             | GODREJ PROPS. LTD                             | CUSIP: Y2735G139<br>LEI: 335800KM3Y5NZWXOE183 | Long             | EC               | CORP              | IN        |      54221 | NS      | $1204247.92   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| BSR REAL ESTATE INV. TRUS                     | BSR REAL ESTATE INV. TRUS                     | CUSIP: 05585D103<br>LEI: 254900JO0IGNDM4G5Q74 | Long             | EC               | CORP              | CA        |      11449 | NS      | $143112.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NYFOSA AB                                     | NYFOSA AB                                     | CUSIP: W6S88K102<br>LEI: 5493000YR2B83SILCJ50 | Long             | EC               | CORP              | SE        |      60884 | NS      | $532049.33    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| HOPSON DEV HOLD                               | HOPSON DEV HOLD                               | CUSIP: G4600H119<br>LEI: 549300HYMKPTC1DTZS42 | Long             | EC               | CORP              | BM        |     446273 | NS      | $198152.90    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| IGUATEMI SA                                   | IGUATEMI SA                                   | CUSIP: P5R52Z102<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |      82000 | NS      | $375314.95    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL ONE REAL ESTATE IN                     | GLOBAL ONE REAL ESTATE IN                     | CUSIP: J1727U103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        363 | NS      | $351001.51    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED URBAN INV. CORP                        | UNITED URBAN INV. CORP                        | CUSIP: J9427E105<br>LEI: 353800GYZWBD7BDCN841 | Long             | EC               | CORP              | JP        |       1077 | NS      | $1306786.91   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| MAH SING GRP. BHD                             | MAH SING GRP. BHD                             | CUSIP: Y5418R108<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     542600 | NS      | $144167.82    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GOODMAN PROP. TRUST                           | GOODMAN PROP. TRUST                           | CUSIP: Q4232A119<br>LEI: N/A                  | Long             | EC               | CORP              | NZ        |     392276 | NS      | $484316.85    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| GOODMAN GROUP                                 | GOODMAN GROUP                                 | CUSIP: Q4229W132<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     739315 | NS      | $16097037.29  | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| SINO LAND CO LTD                              | SINO LAND CO LTD                              | CUSIP: Y80267126<br>LEI: 529900G5P51053HJVZ92 | Long             | EC               | CORP              | HK        |    1343144 | NS      | $1700429.08   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| SM PRIME HLDGS. INC                           | SM PRIME HLDGS. INC                           | CUSIP: Y8076N112<br>LEI: 254900SZK83MIAB8CU32 | Long             | EC               | CORP              | PH        |    3644453 | NS      | $1407859.52   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPITALAND INDIA                              | CAPITALAND INDIA                              | CUSIP: Y0259C104<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |     346055 | NS      | $322027.77    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MULTIPLAN EMPREENDIMENTOS                     | MULTIPLAN EMPREENDIMENTOS                     | CUSIP: P69913187<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     123372 | NS      | $673623.06    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| STOCKLAND                                     | STOCKLAND                                     | CUSIP: Q8773B105<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     870551 | NS      | $3536442.61   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| SUMITOMO REALTY & DEV. CO                     | SUMITOMO REALTY & DEV. CO                     | CUSIP: J77841112<br>LEI: 353800SO2DCLOI3LNZ64 | Long             | EC               | CORP              | JP        |     112425 | NS      | $4959821.98   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA JINMAO HLDGS. GRP.                      | CHINA JINMAO HLDGS. GRP.                      | CUSIP: Y1500V107<br>LEI: 3003000CW9WBO3PJ7R66 | Long             | EC               | CORP              | HK        |    1986042 | NS      | $396150.79    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| PARKWAY LIFE REAL ESTATE                      | PARKWAY LIFE REAL ESTATE                      | CUSIP: Y67202104<br>LEI: 549300I4DKVD2OF5LW91 | Long             | EC               | CORP              | SG        |     164500 | NS      | $526034.89    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SEGRO PLC                                     | SEGRO PLC                                     | CUSIP: G80277141<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               | CORP              | GB        |     466704 | NS      | $4129695.49   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| FORTUNE REAL ESTATE INV.                      | FORTUNE REAL ESTATE INV.                      | CUSIP: Y2616W104<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     545000 | NS      | $353751.28    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN ASSETS TST. INC                      | AMERICAN ASSETS TST. INC                      | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      17757 | NS      | $360822.24    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WHITESTONE REIT                               | WHITESTONE REIT                               | CUSIP: 966084204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      16407 | NS      | $201477.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PAKUWON JATI TBK PT                           | PAKUWON JATI TBK PT                           | CUSIP: Y712CA107<br>LEI: 254900GUXQAQB065PM73 | Long             | EC               | CORP              | ID        |    5524140 | NS      | $125271.22    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TRITAX BIG BOX REIT PLC                       | TRITAX BIG BOX REIT PLC                       | CUSIP: G9101W101<br>LEI: 213800L6X88MIYPVR714 | Long             | EC               | CORP              | GB        |     805426 | NS      | $1566474.78   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANGHAI ZHANGJIANG HIGH-                     | SHANGHAI ZHANGJIANG HIGH-                     | CUSIP: Y7699D105<br>LEI: 300300QF9LB9KZ188A33 | Long             | EC               | CORP              | CN        |      31500 | NS      | $242656.06    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA VANKE CO LTD                            | CHINA VANKE CO LTD                            | CUSIP: Y77421116<br>LEI: 529900E66UJ2DWY7KW55 | Long             | EC               | CORP              | CN        |     223740 | NS      | $215888.90    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| COREM PROP. GRP. AB                           | COREM PROP. GRP. AB                           | CUSIP: W2R19Q152<br>LEI: 213800CHXQQD7TSS1T59 | Long             | EC               | CORP              | SE        |     234135 | NS      | $102735.03    | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| GREAT PORTLAND ESTATES PL                     | GREAT PORTLAND ESTATES PL                     | CUSIP: G40712211<br>LEI: 213800JMEDD2Q4N1MC42 | Long             | EC               | CORP              | GB        |     127457 | NS      | $547203.31    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMHALLSBYGGNADSBOLAGET I                     | SAMHALLSBYGGNADSBOLAGET I                     | CUSIP: W2R93A131<br>LEI: 549300HX9MRFY47AH564 | Long             | EC               | CORP              | SE        |     421599 | NS      | $230669.18    | 0.03%             |  |  |  | No            |                  2 | On Loan: —       |
| UNIBAIL-RODAMCO-WESTFIELD                     | UNIBAIL-RODAMCO-WESTFIELD                     | CUSIP: F95094581<br>LEI: 969500SHQITWXSIS7N89 | Long             | EC               | CORP              | FR        |      44211 | NS      | $4662271.09   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| WAYPOINT REIT LTD                             | WAYPOINT REIT LTD                             | CUSIP: Q95666105<br>LEI: 5493003CS5K82RREKA54 | Long             | EC               | CORP              | AU        |     226448 | NS      | $405020.44    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| AURA INVS. LTD                                | AURA INVS. LTD                                | CUSIP: M15346105<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      57666 | NS      | $383087.45    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| EUROCOMMERCIAL PROPS. NV                      | EUROCOMMERCIAL PROPS. NV                      | CUSIP: N31068195<br>LEI: 724500SFK53FPNM68L95 | Long             | EC               | CORP              | NL        |      16667 | NS      | $521643.93    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| GECINA SA                                     | GECINA SA                                     | CUSIP: F4268U171<br>LEI: 9695003E4MMA10IBTR26 | Long             | EC               | CORP              | FR        |      16620 | NS      | $1665934.07   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| KLEPIERRE SA                                  | KLEPIERRE SA                                  | CUSIP: F5396X102<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               | CORP              | FR        |      77987 | NS      | $3037760.19   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| INDUSTRIAL & INFRA. INV.                      | INDUSTRIAL & INFRA. INV.                      | CUSIP: J24393118<br>LEI: 353800WCHFY04YKYCI19 | Long             | EC               | CORP              | JP        |        896 | NS      | $822810.31    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| TALAAT MOUSTAFA GROUP                         | TALAAT MOUSTAFA GROUP                         | CUSIP: M8763H108<br>LEI: N/A                  | Long             | EC               | CORP              | EG        |     276279 | NS      | $328416.92    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| COVIVIO SA/FRANCE                             | COVIVIO SA/FRANCE                             | CUSIP: F2R22T119<br>LEI: 969500P8M3W2XX376054 | Long             | EC               | CORP              | FR        |      20102 | NS      | $1355786.95   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| QUALITY HOUSES PCL                            | QUALITY HOUSES PCL                            | CUSIP: Y7173A213<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    2544400 | NS      | $106880.54    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MELISRON LTD                                  | MELISRON LTD                                  | CUSIP: M5128G106<br>LEI: 213800B9SL62L9VLO604 | Long             | EC               | CORP              | IL        |       8684 | NS      | $1049937.08   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| ADVANCE RESIDENCE INV. CO                     | ADVANCE RESIDENCE INV. CO                     | CUSIP: J00184101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       1047 | NS      | $1176126.01   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| NIPPON PROLOGIS REIT INC                      | NIPPON PROLOGIS REIT INC                      | CUSIP: J5528H104<br>LEI: 353800PHBMSDLAFURY41 | Long             | EC               | CORP              | JP        |       2419 | NS      | $1413341.79   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| AP (THAILAND) PUBLIC COMP                     | AP (THAILAND) PUBLIC COMP                     | CUSIP: Y0209X117<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     441405 | NS      | $120550.35    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| VONOVIA SE                                    | VONOVIA SE                                    | CUSIP: D9581T100<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |     273500 | NS      | $8536027.21   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| AEON REIT INV. CORP                           | AEON REIT INV. CORP                           | CUSIP: J10006104<br>LEI: 353800P59F8MJB4FE788 | Long             | EC               | CORP              | JP        |        573 | NS      | $502343.32    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| PLATZER FASTIGHETER HLDG.                     | PLATZER FASTIGHETER HLDG.                     | CUSIP: W7S644112<br>LEI: 5493009KPII4BZE70820 | Long             | EC               | CORP              | SE        |      23517 | NS      | $172417.45    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| INGENIA COMMUNITIES GROUP                     | INGENIA COMMUNITIES GROUP                     | CUSIP: Q4912D185<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     136898 | NS      | $493423.78    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| POLY DEVS. AND HLDGS. GRP                     | POLY DEVS. AND HLDGS. GRP                     | CUSIP: Y7000Q100<br>LEI: 300300W9OF1ZRGUDVU96 | Long             | EC               | CORP              | CN        |     252000 | NS      | $277642.77    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NP3 FASTIGHETER AB                            | NP3 FASTIGHETER AB                            | CUSIP: W5909X111<br>LEI: 549300MGVITW8GYJHZ50 | Long             | EC               | CORP              | SE        |      11763 | NS      | $314342.61    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| JBG SMITH PROPERTIES                          | JBG SMITH PROPERTIES                          | CUSIP: 46590V100<br>LEI: 549300HHIW6GDQCPEC54 | Long             | EC               | CORP              | US        |      26740 | NS      | $594965.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| INVITATION HOMES INC                          | INVITATION HOMES INC                          | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               | CORP              | US        |     211631 | NS      | $6207137.23   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTURIA INDL. REIT                           | CENTURIA INDL. REIT                           | CUSIP: Q2227X102<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     197548 | NS      | $456981.05    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MIRAI CORP                                    | MIRAI CORP                                    | CUSIP: J4309J108<br>LEI: 353800HQCYM7P10R9D93 | Long             | EC               | CORP              | JP        |        728 | NS      | $238977.48    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE INC                          | GLOBAL NET LEASE INC                          | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               | CORP              | US        |      76252 | NS      | $619928.76    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| XIOR STUDENT HOUSING NV                       | XIOR STUDENT HOUSING NV                       | CUSIP: B9901Y104<br>LEI: 549300JK7HFOCP0U8K85 | Long             | EC               | CORP              | BE        |      14036 | NS      | $483373.88    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNTECK REALTY LTD                            | SUNTECK REALTY LTD                            | CUSIP: Y8308R113<br>LEI: 335800TFT4V77I31F853 | Long             | EC               | CORP              | IN        |      19915 | NS      | $92795.97     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HOMECO DAILY NEEDS REIT                       | HOMECO DAILY NEEDS REIT                       | CUSIP: Q46596104<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     658689 | NS      | $591470.53    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CK ASSET HLDGS. LTD                           | CK ASSET HLDGS. LTD                           | CUSIP: G2177B101<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | HK        |     698500 | NS      | $3389822.87   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| WERELDHAVE NV                                 | WERELDHAVE NV                                 | CUSIP: N95060120<br>LEI: 724500YRQCY3BD9RJZ92 | Long             | EC               | CORP              | NL        |      15614 | NS      | $349116.12    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| AGREE REALTY CORP                             | AGREE REALTY CORP                             | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |      41507 | NS      | $2948657.28   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE LIBERTY PROPS. INC                        | ONE LIBERTY PROPS. INC                        | CUSIP: 682406103<br>LEI: 549300QII1CQZGZBZR14 | Long             | EC               | CORP              | US        |       6546 | NS      | $144797.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDICAL PROPS. TST. INC                       | MEDICAL PROPS. TST. INC                       | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |     188525 | NS      | $955821.75    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| PARK HOTELS & RESORTS INC                     | PARK HOTELS & RESORTS INC                     | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |      75165 | NS      | $832828.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| PRS REIT PLC/THE                              | PRS REIT PLC/THE                              | CUSIP: G7282R107<br>LEI: 21380037Q91HU97WZX58 | Long             | EC               | CORP              | GB        |     194766 | NS      | $293782.37    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CARMILA SA                                    | CARMILA SA                                    | CUSIP: F1387K266<br>LEI: 222100P6D3QKU33LZQ72 | Long             | EC               | CORP              | FR        |      22697 | NS      | $470476.49    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ESR KENDALL SQUARE REIT C                     | ESR KENDALL SQUARE REIT C                     | CUSIP: Y2S0MS103<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      57998 | NS      | $187190.53    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| DIGITAL CORE REIT MGT. PT                     | DIGITAL CORE REIT MGT. PT                     | CUSIP: Y2076L101<br>LEI: 549300IIGO612K0POE26 | Long             | EC               | CORP              | SG        |     286600 | NS      | $136232.88    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI ESTATE LOGISTI                     | MITSUBISHI ESTATE LOGISTI                     | CUSIP: J4S41D104<br>LEI: 353800YYSGZU31ICQK38 | Long             | EC               | CORP              | JP        |        533 | NS      | $438583.62    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| RETAIL ESTATES NV                             | RETAIL ESTATES NV                             | CUSIP: B7081U108<br>LEI: 5493007CO5W5OBFG7L21 | Long             | EC               | CORP              | BE        |       4668 | NS      | $348355.86    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CATENA AB                                     | CATENA AB                                     | CUSIP: W2356E100<br>LEI: 549300EMLM7AH5LDLY65 | Long             | EC               | CORP              | SE        |      16705 | NS      | $761734.69    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXPOINT RESIDENTIAL TST.                     | NEXPOINT RESIDENTIAL TST.                     | CUSIP: 65341D102<br>LEI: 549300U2J6XVYBF87166 | Long             | EC               | CORP              | US        |       7498 | NS      | $241585.56    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SABRA HEALTH CARE REIT IN                     | SABRA HEALTH CARE REIT IN                     | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |      85868 | NS      | $1600579.52   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AFRICA ISRAEL RESIDENCES                      | AFRICA ISRAEL RESIDENCES                      | CUSIP: M0191T101<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |       2449 | NS      | $192582.64    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SUMMIT HOTEL PROPS. INC                       | SUMMIT HOTEL PROPS. INC                       | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Long             | EC               | CORP              | US        |      43656 | NS      | $239671.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDER & BALDWIN INC                       | ALEXANDER & BALDWIN INC                       | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      28000 | NS      | $509320.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUI FUDOSAN LOGISTICS                      | MITSUI FUDOSAN LOGISTICS                      | CUSIP: J44788107<br>LEI: 353800DN63EIYS760S59 | Long             | EC               | CORP              | JP        |       1172 | NS      | $842756.64    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER HALL LONG WALE RE                     | CHARTER HALL LONG WALE RE                     | CUSIP: Q2308E106<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     241809 | NS      | $704700.08    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| WP CAREY INC                                  | WP CAREY INC                                  | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |      79552 | NS      | $5375328.64   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| EMPIRE STATE REALTY TST.                      | EMPIRE STATE REALTY TST.                      | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |      50697 | NS      | $388339.02    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| STAR ASIA INV. CORP                           | STAR ASIA INV. CORP                           | CUSIP: J76639103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        958 | NS      | $390748.80    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| YH DIMRI CONSTRUCTION & D                     | YH DIMRI CONSTRUCTION & D                     | CUSIP: M98848100<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |       3391 | NS      | $390998.41    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERNATIONAL WORKPLACE                       | INTERNATIONAL WORKPLACE                       | CUSIP: G4969N103<br>LEI: 2138003LWDII27UTAG52 | Long             | EC               | CORP              | GB        |     271757 | NS      | $816282.74    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| LAND SECS. GRP. PLC                           | LAND SECS. GRP. PLC                           | CUSIP: G5375M142<br>LEI: 213800V8IAVKS37D6B88 | Long             | EC               | CORP              | GB        |     259879 | NS      | $2040225.52   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| CPI EUROPE AG                                 | CPI EUROPE AG                                 | CUSIP: A27849339<br>LEI: 5299000DUMZ99SBBX121 | Long             | EC               | CORP              | AT        |      13145 | NS      | $286698.62    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CITYCON OYJ                                   | CITYCON OYJ                                   | CUSIP: X1422T280<br>LEI: 549300P8N0P6KDGTJ206 | Long             | EC               | CORP              | FI        |      27857 | NS      | $106980.02    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| RADIANCE HLDGS. GRP. CO L                     | RADIANCE HLDGS. GRP. CO L                     | CUSIP: G7339A107<br>LEI: 549300487COLIJOB7F68 | Long             | EC               | CORP              | KY        |     297000 | NS      | $101729.29    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DEXUS INDUSTRIA REIT                          | DEXUS INDUSTRIA REIT                          | CUSIP: Q0R50L139<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |      87871 | NS      | $166354.23    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SHURGARD SELF STORAGE LTD                     | SHURGARD SELF STORAGE LTD                     | CUSIP: G81317102<br>LEI: 549300J0UEIKU81XO336 | Long             | EC               | CORP              | GG        |      12316 | NS      | $467137.74    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| WHA CORP PCL                                  | WHA CORP PCL                                  | CUSIP: Y95310192<br>LEI: 254900E68VLEZZULQP27 | Long             | EC               | CORP              | TH        |    3112600 | NS      | $342084.37    | 0.05%             |  |  |  | No            |                  2 | On Loan: —       |
| AMERICAN HOMES 4 RENT                         | AMERICAN HOMES 4 RENT                         | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |     120707 | NS      | $4013507.75   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TARC LTD                                      | TARC LTD                                      | CUSIP: Y012BE105<br>LEI: 98450099A1013DD3EA92 | Long             | EC               | CORP              | IN        |      38086 | NS      | $67451.54     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ISRAS HLDGS. LTD                              | ISRAS HLDGS. LTD                              | CUSIP: M61448102<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |       1523 | NS      | $171236.69    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE EQ                     | ALEXANDRIA REAL ESTATE EQ                     | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      56545 | NS      | $4712460.30   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP INC                                       | BXP INC                                       | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |      54596 | NS      | $4058666.64   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| OMEGA HEALTHCARE INVSTRS.                     | OMEGA HEALTHCARE INVSTRS.                     | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |     105066 | NS      | $4435886.52   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AVALONBAY COMMUNITIES INC                     | AVALONBAY COMMUNITIES INC                     | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      51790 | NS      | $10004274.30  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMDEN PROP. TRUST                            | CAMDEN PROP. TRUST                            | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |      38782 | NS      | $4141141.96   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIS RESIDENTIAL INC                         | VERIS RESIDENTIAL INC                         | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               | CORP              | US        |      29620 | NS      | $450224.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PROP. TST. INC                          | ESSEX PROP. TST. INC                          | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      23400 | NS      | $6263244.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST INDL. REALTY TST. I                     | FIRST INDL. REALTY TST. I                     | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      47941 | NS      | $2467523.27   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWARD HUGHES HLDGS. INC                      | HOWARD HUGHES HLDGS. INC                      | CUSIP: 44267T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      12084 | NS      | $992942.28    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTRA SPACE STORAGE INC                       | EXTRA SPACE STORAGE INC                       | CUSIP: 30225T102<br>LEI: 529900SDJHKRQWED6A16 | Long             | EC               | CORP              | US        |      77203 | NS      | $10880990.82  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNSTONE HOTEL INVSTRS. I                     | SUNSTONE HOTEL INVSTRS. I                     | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |      70785 | NS      | $663255.45    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TST. INC                       | DIGITAL REALTY TST. INC                       | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     122614 | NS      | $21197508.32  | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY LIFESTYLE PROPS. I                     | EQUITY LIFESTYLE PROPS. I                     | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |      65918 | NS      | $4001222.60   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SHAFTESBURY CAPITAL PLC O                     | SHAFTESBURY CAPITAL PLC O                     | CUSIP: G19406100<br>LEI: 549300TTXXZ1SHUI0D54 | Long             | EC               | CORP              | GB        |     525557 | NS      | $1005457.23   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNWAY REAL ESTATE INV. T                     | SUNWAY REAL ESTATE INV. T                     | CUSIP: Y83099104<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     652600 | NS      | $325726.28    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNAC CHINA HLDGS. LTD                        | SUNAC CHINA HLDGS. LTD                        | CUSIP: G8569A106<br>LEI: 549300OLARYHDXP3WK18 | Long             | EC               | CORP              | HK        |    3060000 | NS      | $669976.05    | 0.09%             |  |  |  | No            |                  2 | On Loan: —       |
| ALDAR PROPERTIES PJSC                         | ALDAR PROPERTIES PJSC                         | CUSIP: M0517N101<br>LEI: 98450048CD8AEF13B480 | Long             | EC               | CORP              | AE        |    1397683 | NS      | $3606597.40   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| WORKSPACE GRP. PLC                            | WORKSPACE GRP. PLC                            | CUSIP: G5595E136<br>LEI: 2138003GUZRFIN3UT430 | Long             | EC               | CORP              | GB        |      53169 | NS      | $283643.73    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PAVILION REAL ESTATE INV.                     | PAVILION REAL ESTATE INV.                     | CUSIP: Y6754A105<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     626800 | NS      | $271162.33    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| GLP J-REIT                                    | GLP J-REIT                                    | CUSIP: J17305103<br>LEI: 353800E27V9KA51K2I90 | Long             | EC               | CORP              | JP        |       1644 | NS      | $1517343.28   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| COMFORIA RESIDENTIAL REIT                     | COMFORIA RESIDENTIAL REIT                     | CUSIP: J0816Z106<br>LEI: 353800BJ2SV3UPG9JU05 | Long             | EC               | CORP              | JP        |        242 | NS      | $531857.69    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| GROWTHPOINT PROPS. LTD                        | GROWTHPOINT PROPS. LTD                        | CUSIP: S3373C239<br>LEI: 37890019DD1E46632291 | Long             | EC               | CORP              | ZA        |    1251257 | NS      | $1070181.39   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| COFINIMMO SA                                  | COFINIMMO SA                                  | CUSIP: B25654136<br>LEI: 549300TM914CSF6KI389 | Long             | EC               | CORP              | BE        |      13703 | NS      | $1190124.36   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| LAMDA DEV. SA                                 | LAMDA DEV. SA                                 | CUSIP: X4740Y122<br>LEI: 213800C7PQZVF38FYL54 | Long             | EC               | CORP              | GR        |      23431 | NS      | $214097.04    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN HEALTHCARE REIT                      | AMERICAN HEALTHCARE REIT                      | CUSIP: 398182303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      58781 | NS      | $2469389.81   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| HUDSON PACIFIC PROPS. INC                     | HUDSON PACIFIC PROPS. INC                     | CUSIP: 444097109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     137930 | NS      | $380686.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA O/SEAS. GRAND OCEAN                     | CHINA O/SEAS. GRAND OCEAN                     | CUSIP: Y1505S117<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     600500 | NS      | $192481.46    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ACTIVIA PROPS. INC                            | ACTIVIA PROPS. INC                            | CUSIP: J00089102<br>LEI: 353800RPGYN3ML8CXV54 | Long             | EC               | CORP              | JP        |        775 | NS      | $705742.45    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| FAR EAST HOSPITALITY TRUS                     | FAR EAST HOSPITALITY TRUS                     | CUSIP: Y24258108<br>LEI: 5493001NEC2QWVTAYN18 | Long             | EC               | CORP              | SG        |     391203 | NS      | $183621.95    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CIBUS NORDIC REAL ESTATE                      | CIBUS NORDIC REAL ESTATE                      | CUSIP: W24214103<br>LEI: 549300PW36MFK96GCR23 | Long             | EC               | CORP              | SE        |      25259 | NS      | $455068.47    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| FASTPARTNER AB                                | FASTPARTNER AB                                | CUSIP: W2148D188<br>LEI: 549300BG6SL5QQ7LQW56 | Long             | EC               | CORP              | SE        |      21009 | NS      | $113112.33    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDCREST CO LTD                              | GOLDCREST CO LTD                              | CUSIP: J17451105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       5600 | NS      | $126987.24    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MIRVAC GROUP                                  | MIRVAC GROUP                                  | CUSIP: Q62377108<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    1427524 | NS      | $2145612.70   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| BWP PROP. GRP. LTD                            | BWP PROP. GRP. LTD                            | CUSIP: Q1921Q132<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     213960 | NS      | $527582.52    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| HANG LUNG PROPERTIES (HLP                     | HANG LUNG PROPERTIES (HLP                     | CUSIP: Y30166105<br>LEI: 529900CIVTNMXQT59E61 | Long             | EC               | CORP              | HK        |     715674 | NS      | $802714.54    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| LEOPALACE21 CORP                              | LEOPALACE21 CORP                              | CUSIP: J38781100<br>LEI: 529900Z3BHJUW1DY6254 | Long             | EC               | CORP              | JP        |      61500 | NS      | $296538.28    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN REAL ESTATE INV. CO                     | JAPAN REAL ESTATE INV. CO                     | CUSIP: J27523109<br>LEI: 3538003YAIR3CBGJJ928 | Long             | EC               | CORP              | JP        |       2315 | NS      | $1949257.34   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPITALAND INTEGRATED COM                     | CAPITALAND INTEGRATED COM                     | CUSIP: Y0259J109<br>LEI: 54930031292WUTXF0L29 | Long             | EC               | CORP              | SG        |    2124214 | NS      | $3771305.43   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENZHEN INV. LTD                             | SHENZHEN INV. LTD                             | CUSIP: Y7743P120<br>LEI: 529900QMH55P3EJRQC98 | Long             | EC               | CORP              | HK        |    1071191 | NS      | $122476.92    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LAND & HOUSES PCL                             | LAND & HOUSES PCL                             | CUSIP: Y5172C164<br>LEI: 529900O7AEACUWP7KS87 | Long             | EC               | CORP              | TH        |    2714200 | NS      | $361925.78    | 0.05%             |  |  |  | No            |                  2 | On Loan: —       |
| KATITAS CO LTD                                | KATITAS CO LTD                                | CUSIP: J30978100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      18900 | NS      | $356212.20    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MAPLETREE LOGISTICS TRUST                     | MAPLETREE LOGISTICS TRUST                     | CUSIP: Y5759Q107<br>LEI: 549300M9EBZIYH387075 | Long             | EC               | CORP              | SG        |    1299426 | NS      | $1260721.25   | 0.17%             |  |  |  | No            |                  2 | On Loan: —       |
| ICHIGO OFFICE REIT INV. C                     | ICHIGO OFFICE REIT INV. C                     | CUSIP: J2382Z106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        398 | NS      | $254186.88    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| DAIWA HOUSE REIT INV. COR                     | DAIWA HOUSE REIT INV. COR                     | CUSIP: J1236F118<br>LEI: 3538001FWU534P8JMO05 | Long             | EC               | CORP              | JP        |       1580 | NS      | $1346116.54   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| CHONG HONG CONSTRUCTION C                     | CHONG HONG CONSTRUCTION C                     | CUSIP: Y1582T103<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      68000 | NS      | $170391.56    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| YANLORD LAND GRP. LTD                         | YANLORD LAND GRP. LTD                         | CUSIP: Y9729A101<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |     219000 | NS      | $125837.56    | 0.02%             |  |  |  | No            |                  2 | On Loan: —       |
| JAPAN EXCELLENT INC                           | JAPAN EXCELLENT INC                           | CUSIP: J2739K109<br>LEI: 35380015J62221TE0D86 | Long             | EC               | CORP              | JP        |        397 | NS      | $389783.88    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| GREENTOWN CHINA HLDGS. LT                     | GREENTOWN CHINA HLDGS. LT                     | CUSIP: G4100M105<br>LEI: 529900BLBC6YDNWS8530 | Long             | EC               | CORP              | HK        |     364000 | NS      | $444975.74    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUI FUDOSAN                                | MITSUI FUDOSAN                                | CUSIP: J52066107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        881 | NS      | $786468.44    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| HUAKU DEV. CO LTD                             | HUAKU DEV. CO LTD                             | CUSIP: Y3742X107<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      96890 | NS      | $305331.18    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTRAL PATTANA PCL                           | CENTRAL PATTANA PCL                           | CUSIP: Y1242U128<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     156998 | NS      | $271463.01    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SHUI ON LAND LTD                              | SHUI ON LAND LTD                              | CUSIP: G81151113<br>LEI: 5299008W71Y7DHTU7753 | Long             | EC               | CORP              | HK        |    1178777 | NS      | $112204.51    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HIGHWEALTH CONSTRUCTION C                     | HIGHWEALTH CONSTRUCTION C                     | CUSIP: Y31959102<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     525118 | NS      | $693711.27    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA O/SEAS. LAND & INV.                     | CHINA O/SEAS. LAND & INV.                     | CUSIP: Y15004107<br>LEI: 529900I6W35GYKRIZ151 | Long             | EC               | CORP              | HK        |    1387042 | NS      | $2563336.97   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA RES. LAND LTD                           | CHINA RES. LAND LTD                           | CUSIP: G2108Y105<br>LEI: 5299001HL0TU7X15HK51 | Long             | EC               | CORP              | HK        |    1165398 | NS      | $4556146.38   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| CITY DEVS. LTD                                | CITY DEVS. LTD                                | CUSIP: V23130111<br>LEI: 254900BPLPJS0RJ72373 | Long             | EC               | CORP              | SG        |     182300 | NS      | $978066.82    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| POLY PROP. GRP. CO LTD                        | POLY PROP. GRP. CO LTD                        | CUSIP: Y7064G105<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     819000 | NS      | $184336.62    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ALANDALUS PROP. CO                            | ALANDALUS PROP. CO                            | CUSIP: M0417Z105<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      15517 | NS      | $82811.92     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPITALAND ASCOTT TRUST                       | CAPITALAND ASCOTT TRUST                       | CUSIP: Y0261Y177<br>LEI: 549300W6RTG7Y32IWY65 | Long             | EC               | CORP              | SG        |     952814 | NS      | $687315.49    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE TR                     | DIVERSIFIED HEALTHCARE TR                     | CUSIP: 25525P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      66888 | NS      | $294976.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| WAREHOUSES DE PAUW CVA                        | WAREHOUSES DE PAUW CVA                        | CUSIP: B9T59Z100<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               | CORP              | BE        |      72605 | NS      | $1822482.44   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| ABACUS GROUP                                  | ABACUS GROUP                                  | CUSIP: Q0015N260<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     150237 | NS      | $122918.11    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIBA INVS. CO                                | TAIBA INVS. CO                                | CUSIP: M8T637106<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      48177 | NS      | $533620.52    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXUS SELECT TRUST                            | NEXUS SELECT TRUST                            | CUSIP: Y6S6L6100<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     294956 | NS      | $550132.13    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SIGNATUREGLOBAL INDIA LTD                     | SIGNATUREGLOBAL INDIA LTD                     | CUSIP: Y7939W111<br>LEI: 335800W546JCVSM7EX05 | Long             | EC               | CORP              | IN        |      10712 | NS      | $127585.51    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ABACUS STORAGE KING                           | ABACUS STORAGE KING                           | CUSIP: Q0R11R100<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     163252 | NS      | $151352.87    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLOS SA                                      | ALLOS SA                                      | CUSIP: P0R6A1107<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     135359 | NS      | $657688.71    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTGROUP PROPS. INC                          | EASTGROUP PROPS. INC                          | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |      19042 | NS      | $3223048.92   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ELME COMMUNITIES                              | ELME COMMUNITIES                              | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |      31204 | NS      | $526099.44    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| KILROY REALTY CORP                            | KILROY REALTY CORP                            | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |      41232 | NS      | $1742052.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| MACERICH CO/THE                               | MACERICH CO/THE                               | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |      91150 | NS      | $1658930.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL HEALTH REALTY I                     | UNIVERSAL HEALTH REALTY I                     | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               | CORP              | US        |       5149 | NS      | $201686.33    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP INDL. TRUST                               | LXP INDL. TRUST                               | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |     109509 | NS      | $981200.64    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HOST HOTELS & RESORTS INC                     | HOST HOTELS & RESORTS INC                     | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |     251858 | NS      | $4286623.16   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MID-AMERICA APT. COMMUNIT                     | MID-AMERICA APT. COMMUNIT                     | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |      42538 | NS      | $5943834.74   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL HEALTH INVSTRS.                      | NATIONAL HEALTH INVSTRS.                      | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |      16820 | NS      | $1337190.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| GETTY REALTY CORP                             | GETTY REALTY CORP                             | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |      19579 | NS      | $525304.57    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ST JOE CO/THE                                 | ST JOE CO/THE                                 | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |      13931 | NS      | $689305.88    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROP. GRP. INC                          | SIMON PROP. GRP. INC                          | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     118839 | NS      | $22302515.13  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT DEFENSE PROPERTIES                       | COPT DEFENSE PROPERTIES                       | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |      41270 | NS      | $1199306.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                                | PUBLIC STORAGE                                | CUSIP: 74460D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      57468 | NS      | $16599631.80  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN COMMUNITIES INC                           | SUN COMMUNITIES INC                           | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |      46384 | NS      | $5983536.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| TANGER INC                                    | TANGER INC                                    | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |      40774 | NS      | $1379792.16   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PARQUE ARAUCO SA                              | PARQUE ARAUCO SA                              | CUSIP: P76328106<br>LEI: 2549001WW2PV1Y0UEU97 | Long             | EC               | CORP              | CL        |     245012 | NS      | $620283.54    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KENNEDY-WILSON HLDGS. INC                     | KENNEDY-WILSON HLDGS. INC                     | CUSIP: 489398107<br>LEI: 549300MOI1T78144X610 | Long             | EC               | CORP              | US        |      42584 | NS      | $354298.88    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LONDONMETRIC PROP. PLC                        | LONDONMETRIC PROP. PLC                        | CUSIP: G5689W109<br>LEI: 213800OCERWWPQDURL87 | Long             | EC               | CORP              | GB        |     847286 | NS      | $2074156.09   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| DOUGLAS EMMETT INC                            | DOUGLAS EMMETT INC                            | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      61983 | NS      | $965075.31    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PIEDMONT REALTY TRUST INC                     | PIEDMONT REALTY TRUST INC                     | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      45192 | NS      | $406728.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPAN METROPOLITAN INVEST                     | JAPAN METROPOLITAN INVEST                     | CUSIP: J27544105<br>LEI: 353800QDHNIP60E1LQ93 | Long             | EC               | CORP              | JP        |       2643 | NS      | $2032212.48   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| TOKYU REIT INC                                | TOKYU REIT INC                                | CUSIP: J88914106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        274 | NS      | $370761.28    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NIPPON BLDG. INC                              | NIPPON BLDG. INC                              | CUSIP: J52088101<br>LEI: 52990053R8NL2MB32172 | Long             | EC               | CORP              | JP        |       2820 | NS      | $2660817.76   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| AYALA LAND INC                                | AYALA LAND INC                                | CUSIP: Y0488F100<br>LEI: 254900EWT10TQ6DKTV34 | Long             | EC               | CORP              | PH        |    2353981 | NS      | $984538.16    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| NTT UD REIT INV. CORP                         | NTT UD REIT INV. CORP                         | CUSIP: J7446X104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        517 | NS      | $475584.60    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX JREIT INC                                | ORIX JREIT INC                                | CUSIP: J8996L102<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       1919 | NS      | $1300136.76   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| SUPALAI PCL                                   | SUPALAI PCL                                   | CUSIP: Y8309K190<br>LEI: 9845000F0E39B2C16696 | Long             | EC               | CORP              | TH        |     280445 | NS      | $157509.61    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ICHIGO INC                                    | ICHIGO INC                                    | CUSIP: J2382Y109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      67800 | NS      | $193766.42    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| STARHILL GBL. REIT                            | STARHILL GBL. REIT                            | CUSIP: Y7545N109<br>LEI: 549300GCJNC7HDN3YK51 | Long             | EC               | CORP              | SG        |     509290 | NS      | $222994.82    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| DAIWA OFFICE INV. CORP                        | DAIWA OFFICE INV. CORP                        | CUSIP: J1250G109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        192 | NS      | $473871.31    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| AMATA CORP PCL                                | AMATA CORP PCL                                | CUSIP: Y0099Y126<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     318735 | NS      | $158435.64    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TOSEI CORP                                    | TOSEI CORP                                    | CUSIP: J8963D109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      10000 | NS      | $234967.12    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CDL HOSPITALITY TRUSTS                        | CDL HOSPITALITY TRUSTS                        | CUSIP: Y1233P104<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |     319352 | NS      | $199308.82    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GUANGZHOU R&F PROPS. CO L                     | GUANGZHOU R&F PROPS. CO L                     | CUSIP: Y2933F115<br>LEI: 529900ICJ8CK8LFWH863 | Long             | EC               | CORP              | CN        |     674000 | NS      | $59784.98     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORI HILLS REIT INV. CORP                     | MORI HILLS REIT INV. CORP                     | CUSIP: J4665S106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        537 | NS      | $519198.76    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| DAIWA HOUSE IND. CO LTD                       | DAIWA HOUSE IND. CO LTD                       | CUSIP: J11508124<br>LEI: 353800K9WXR9XRZJZI46 | Long             | EC               | CORP              | JP        |     203900 | NS      | $7330031.40   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNTEC REAL ESTATE INV. T                     | SUNTEC REAL ESTATE INV. T                     | CUSIP: Y82954101<br>LEI: 549300C46QFXSI2F4K13 | Long             | EC               | CORP              | SG        |     707591 | NS      | $702668.04    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI ESTATE CO LTD                      | MITSUBISHI ESTATE CO LTD                      | CUSIP: J43916113<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |     386680 | NS      | $8904703.68   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUI FUDOSAN CO LTD                         | MITSUI FUDOSAN CO LTD                         | CUSIP: J4509L101<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |     961586 | NS      | $10504561.95  | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| PRINCE HOUSING & DEV. COR                     | PRINCE HOUSING & DEV. COR                     | CUSIP: Y7080J109<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     350000 | NS      | $105096.98    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ROBINSONS LAND CORP                           | ROBINSONS LAND CORP                           | CUSIP: Y73196126<br>LEI: 254900BUUS5N9MUSIS52 | Long             | EC               | CORP              | PH        |     551196 | NS      | $141417.06    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANGHAI JINQIAO EXPORT P                     | SHANGHAI JINQIAO EXPORT P                     | CUSIP: Y4443D101<br>LEI: 300300145JZKQZO13H90 | Long             | EC               | CORP              | CN        |     108216 | NS      | $82760.32     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UOL GRP. LTD                                  | UOL GRP. LTD                                  | CUSIP: Y9299W103<br>LEI: 254900O9PRCWTMR86R25 | Long             | EC               | CORP              | SG        |     166797 | NS      | $1009792.36   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| LONGFOR GRP. HLDGS. LTD                       | LONGFOR GRP. HLDGS. LTD                       | CUSIP: G5635P109<br>LEI: 254900UJX27B2F1JYR13 | Long             | EC               | CORP              | HK        |     753071 | NS      | $1152325.28   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| COMMERCIAL REAL ESTATE CO                     | COMMERCIAL REAL ESTATE CO                     | CUSIP: M25735115<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |     530495 | NS      | $360021.70    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| FRP HLDGS. INC                                | FRP HLDGS. INC                                | CUSIP: 30292L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       5390 | NS      | $131300.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SIRIUS REAL ESTATE LTD OR                     | SIRIUS REAL ESTATE LTD OR                     | CUSIP: G8187C104<br>LEI: 213800NURUF5W8QSK566 | Long             | EC               | CORP              | GG        |     548724 | NS      | $722620.92    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| EMAAR DEV. PJSC                               | EMAAR DEV. PJSC                               | CUSIP: M4100K102<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |     366340 | NS      | $1342036.48   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| DEYAAR DEV. PJSC                              | DEYAAR DEV. PJSC                              | CUSIP: M28055115<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |     386459 | NS      | $105158.82    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NIPPON REIT INV. CORP                         | NIPPON REIT INV. CORP                         | CUSIP: J5530Q100<br>LEI: 3538004O49OJ90PEXX85 | Long             | EC               | CORP              | JP        |        642 | NS      | $420312.86    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| KUWAIT REAL ESTATE CO KSC                     | KUWAIT REAL ESTATE CO KSC                     | CUSIP: M78904105<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |     260044 | NS      | $330874.04    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| VENTAS INC                                    | VENTAS INC                                    | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     164224 | NS      | $11494037.76  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST                          | VORNADO REALTY TRUST                          | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      59074 | NS      | $2394269.22   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| YUNGSHIN CONSTRUCTION & D                     | YUNGSHIN CONSTRUCTION & D                     | CUSIP: Y9880Z101<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      30000 | NS      | $86383.76     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SELLA CAP. REAL ESTATE LT                     | SELLA CAP. REAL ESTATE LT                     | CUSIP: M8274U101<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      89677 | NS      | $292454.44    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CORP INMOBILIARIA VESTA S                     | CORP INMOBILIARIA VESTA S                     | CUSIP: P9781N108<br>LEI: 4469000001BIRIFZJ959 | Long             | EC               | CORP              | MX        |     316100 | NS      | $896855.11    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| REXFORD INDL. REALTY INC                      | REXFORD INDL. REALTY INC                      | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |      85867 | NS      | $3529992.37   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| KEPPEL DC REIT                                | KEPPEL DC REIT                                | CUSIP: Y47230100<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |     677966 | NS      | $1257705.44   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMTY RESIDENTIAL INV. CO                     | SAMTY RESIDENTIAL INV. CO                     | CUSIP: J6779Q108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        104 | NS      | $80716.94     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WHARF REAL ESTATE INV. CO                     | WHARF REAL ESTATE INV. CO                     | CUSIP: G9593A104<br>LEI: 529900QLPKS8U9QOPB59 | Long             | EC               | CORP              | HK        |     613317 | NS      | $1813654.33   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUL CENTERS INC                              | SAUL CENTERS INC                              | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       5039 | NS      | $160592.93    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC PROPS. INC                                | LTC PROPS. INC                                | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |      17523 | NS      | $645897.78    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIA REALTY TRUST                           | ACADIA REALTY TRUST                           | CUSIP: 004239109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      47720 | NS      | $961558.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INC. CORP                              | REALTY INC. CORP                              | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     328758 | NS      | $19985198.82  | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDER S INC                               | ALEXANDER S INC                               | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               | CORP              | US        |        891 | NS      | $208930.59    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| IRISH RESIDENTIAL PROPS.                      | IRISH RESIDENTIAL PROPS.                      | CUSIP: G49456109<br>LEI: 635400EOPACLULRENY18 | Long             | EC               | CORP              | IE        |     207288 | NS      | $238473.81    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| PARAMOUNT GRP. INC                            | PARAMOUNT GRP. INC                            | CUSIP: 69924R108<br>LEI: 5493006GJU1CFI7Z5J17 | Long             | EC               | CORP              | US        |      63681 | NS      | $416473.74    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AROUNDTOWN SA                                 | AROUNDTOWN SA                                 | CUSIP: L0269F109<br>LEI: 529900H4DWG3KWMBMQ39 | Long             | EC               | CORP              | DE        |     287568 | NS      | $1102628.36   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXITY SA                                     | NEXITY SA                                     | CUSIP: F6527B126<br>LEI: 969500JJ71T2DIPDVV84 | Long             | EC               | CORP              | FR        |      13865 | NS      | $180397.51    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MERCIALYS SA                                  | MERCIALYS SA                                  | CUSIP: F61573105<br>LEI: 969500081CGAXB7YS433 | Long             | EC               | CORP              | FR        |      36173 | NS      | $465918.71    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL REAL ESTATE CO K                     | NATIONAL REAL ESTATE CO K                     | CUSIP: M7244G101<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |     504647 | NS      | $131247.99    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FIBRA UNO ADMINISTRACION                      | FIBRA UNO ADMINISTRACION                      | CUSIP: P3515D163<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    1030233 | NS      | $1527896.27   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| DA-LI DEV. CO LTD                             | DA-LI DEV. CO LTD                             | CUSIP: Y1975L105<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      85613 | NS      | $138226.16    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KIWI PROP. GRP. LTD                           | KIWI PROP. GRP. LTD                           | CUSIP: Q5349C104<br>LEI: N/A                  | Long             | EC               | CORP              | NZ        |     599380 | NS      | $367146.58    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| URBAN EDGE PROPERTIES                         | URBAN EDGE PROPERTIES                         | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      46554 | NS      | $952960.38    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PLYMOUTH INDL. REIT INC                       | PLYMOUTH INDL. REIT INC                       | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      16014 | NS      | $357592.62    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ISRAS INV. CO LTD                             | ISRAS INV. CO LTD                             | CUSIP: M61446106<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |        452 | NS      | $120532.49    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FARGLORY LAND DEV. CO LTD                     | FARGLORY LAND DEV. CO LTD                     | CUSIP: Y2642L106<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     102462 | NS      | $208762.04    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| KINDOM DEV. CO LTD                            | KINDOM DEV. CO LTD                            | CUSIP: Y4792R107<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     148190 | NS      | $174972.88    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| DLF LTD                                       | DLF LTD                                       | CUSIP: Y2089H105<br>LEI: 335800PJLUEOB8914F48 | Long             | EC               | CORP              | IN        |     268753 | NS      | $2158794.34   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| GROWTHPOINT PROPS. AUSTRA                     | GROWTHPOINT PROPS. AUSTRA                     | CUSIP: Q4359J133<br>LEI: 529900VCPJ9IEDF4TJ03 | Long             | EC               | CORP              | AU        |      97978 | NS      | $166850.62    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HULIC CO LTD                                  | HULIC CO LTD                                  | CUSIP: J23594112<br>LEI: 3538002E12E7IHAKTB10 | Long             | EC               | CORP              | JP        |     169240 | NS      | $1854866.83   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| SUN HUNG KAI PROPS. LTD                       | SUN HUNG KAI PROPS. LTD                       | CUSIP: Y82594121<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |     526925 | NS      | $6319958.47   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| HOSHINO RESORTS REIT INC                      | HOSHINO RESORTS REIT INC                      | CUSIP: J2245U104<br>LEI: 353800DF2MUZWFL4IL56 | Long             | EC               | CORP              | JP        |        205 | NS      | $373187.50    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| AEDAS HOMES SA                                | AEDAS HOMES SA                                | CUSIP: E01587109<br>LEI: 9598005H67MP8U20RW81 | Long             | EC               | CORP              | ES        |       3023 | NS      | $75310.37     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| INMOBILIARIA COLONIAL SOC                     | INMOBILIARIA COLONIAL SOC                     | CUSIP: E6451E105<br>LEI: 95980020140005007414 | Long             | EC               | CORP              | ES        |     103939 | NS      | $680586.58    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| FORTRESS REAL ESTATE INVS                     | FORTRESS REAL ESTATE INVS                     | CUSIP: S30253108<br>LEI: 378900FE98E30F24D975 | Long             | EC               | CORP              | ZA        |     455158 | NS      | $608153.77    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| SIME DARBY PROP. BHD                          | SIME DARBY PROP. BHD                          | CUSIP: Y7962J102<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     963000 | NS      | $337016.76    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - HKD                       | CURRENCY CONTRACT - HKD                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -111236 | NC      | $-2.45        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - SEK                       | CURRENCY CONTRACT - SEK                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -27495 | NC      | $-267.90      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - SGD                       | CURRENCY CONTRACT - SGD                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -53990 | NC      | $-362.82      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                       | CURRENCY CONTRACT - USD                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -2221000 | NC      | $115.60       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                       | CURRENCY CONTRACT - USD                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        | -152269000 | NC      | $1071.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                       | CURRENCY CONTRACT - USD                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -5575000 | NC      | $1330.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                       | CURRENCY CONTRACT - USD                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -205000 | NC      | $-748.51      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                       | CURRENCY CONTRACT - USD                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -304501 | NC      | $3116.87      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                       | CURRENCY CONTRACT - USD                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -360881 | NC      | $1176.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                       | CURRENCY CONTRACT - USD                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -1259107 | NC      | $-552.82      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                       | CURRENCY CONTRACT - USD                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -36677298 | NC      | $1053.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                       | CURRENCY CONTRACT - USD                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -860000 | NC      | $799.97       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                       | CURRENCY CONTRACT - USD                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -99199 | NC      | $215.18       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                       | CURRENCY CONTRACT - USD                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -384477 | NC      | $270.58       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Montreal Exchange                             | FUT. ME S&P CAN DEC25                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | CA        |         18 | NC      | $4585815.91   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures US futures                        | FUT. ICUS MSCI EMG DEC25                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | XX        |         16 | NC      | $1087760.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures US futures                        | FUT. ICUS MSCI EAF DEC25                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | XX        |         57 | NC      | $7938105.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| International Monetary Market                 | FUT. IMMEMINI MDCP DEC25                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |         26 | NC      | $8544120.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Liquid Asset Portfolio | Northern Institutional Liquid Asset Portfolio | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    6458160 | NS      | $6458159.80   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Northern Funds

**Signature:** Randal E. Rein

**Name of Signer:** Randal E. Rein

**Title:** Treasurer and Principal Financial Officer