# EDGAR Filing Document

**Accession Number:** 0001557156
**File Stem:** 0001410368-25-038300
**Filing Date:** 2025-12
**Character Count:** 80947
**Document Hash:** 51bc2c1690214df8c20c7501d88a1231
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-038300.hdr.sgml**: 20251217

**ACCESSION NUMBER**: 0001410368-25-038300

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251217

**DATE AS OF CHANGE**: 20251217

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Goldman Sachs Trust II
- **CENTRAL INDEX KEY:** 0001557156

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22781
- **FILM NUMBER:** 251578348

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **STREET 2:** 15TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282
- **BUSINESS PHONE:** 212-902-1000

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **STREET 2:** 15TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282

## Series and Classes Contracts Data

### Goldman Sachs Multi-Manager Real Assets Strategy Fund (Series ID: S000049147)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000154943 | Class R6 Shares | GRASX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Goldman Sachs Trust II

- **b. Investment Company Act file number:** 811-22781

- **c. CIK number of Registrant:** 0001557156

- **d. LEI of Registrant:** 54930076LXUZ0NBAPG06

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

  - **Street Address 1:** 200 WEST STREET

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10282

  - **Telephone number:** 212-902-1000

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

- **a. Name of Series:** Goldman Sachs Multi-Manager Real Assets Strategy Fund

- **b. EDGAR series identifier (if any):** S000049147

- **c. LEI of Series:** 549300BU16GEI7JWOM31

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2242942591.72

**Total Liabilities:** $961352245.28

**Net Assets:** $1281590346.44

**Cash Not Reported:** $950385782.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000154943 | 2.82%                | 1.61%                | -1.95%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2277847.15              | $25229647.09                               |
| Month 2  | $1702808.89              | $12908990.31                               |
| Month 3  | $2072709.81              | $-27144023.92                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Agree Realty Corp                                      | Agree Realty Corp                                      | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               |  | US        |    158466 | NS      | $11569602.66  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| British Land Co PLC/The                                | British Land Co PLC/The                                | CUSIP: 000000000<br>LEI: RV5B68J2GV3QGMRPW209 | Long             | EC               |  | GB        |    319363 | NS      | $1595044.94   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Alliant Energy Corp                                    | Alliant Energy Corp                                    | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     56493 | NS      | $3774862.26   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Allied Properties Real Estate Investment Trust         | Allied Properties Real Estate Investment Trust         | CUSIP: 019456102<br>LEI: 549300AMZMPKVHA0MY77 | Long             | EC               |  | CA        |     10640 | NS      | $112123.77    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc                                   | Kinetik Holdings Inc                                   | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57176 | NS      | $2201847.76   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Derwent London PLC                                     | Derwent London PLC                                     | CUSIP: 000000000<br>LEI: 213800BXKQ9KZNUR1M61 | Long             | EC               |  | GB        |     21880 | NS      | $506641.22    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| American Homes 4 Rent                                  | American Homes 4 Rent                                  | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |    216586 | NS      | $6844117.60   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                                    | American Tower Corp                                    | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |    186523 | NS      | $33383886.54  | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc                            | American Water Works Co Inc                            | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     45182 | NS      | $5802724.26   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust Inc                             | Americold Realty Trust Inc                             | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               |  | US        |     99072 | NS      | $1277038.08   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                                      | Atmos Energy Corp                                      | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     77115 | NS      | $13242187.80  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                              | AvalonBay Communities Inc                              | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               |  | US        |     38781 | NS      | $6744791.52   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITE Group PLC/The                                    | UNITE Group PLC/The                                    | CUSIP: 000000000<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               |  | GB        |    273241 | NS      | $2038163.88   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Black Hills Corp                                       | Black Hills Corp                                       | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     39262 | NS      | $2490388.66   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                                                | BXP Inc                                                | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               |  | US        |     23470 | NS      | $1670829.30   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                             | Brixmor Property Group Inc                             | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               |  | US        |    145020 | NS      | $3793723.20   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc                               | Broadstone Net Lease Inc                               | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               |  | US        |     56470 | NS      | $1011942.40   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                               | CSX Corp                                               | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    239766 | NS      | $8636371.32   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                                  | Camden Property Trust                                  | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               |  | US        |     42580 | NS      | $4235858.40   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Apartment Properties REIT                     | Canadian Apartment Properties REIT                     | CUSIP: 134921105<br>LEI: 549300B1MYVTQEB2DI90 | Long             | EC               |  | CA        |     50595 | NS      | $1391357.99   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc                                 | CenterPoint Energy Inc                                 | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    381818 | NS      | $14600720.32  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Chartwell Retirement Residences                        | Chartwell Retirement Residences                        | CUSIP: 16141A103<br>LEI: 549300M7UBEIZBWP4069 | Long             | EC               | CORP              | CA        |    478124 | NS      | $7046324.97   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                                    | Cheniere Energy Inc                                    | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     21102 | NS      | $4473624.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | CUSIP: 20441A102<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |    187844 | NS      | $4609691.76   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Paranaense de Energia - Copel                      | Cia Paranaense de Energia - Copel                      | CUSIP: 000000000<br>LEI: 2549001AS1I9A71VG663 | Long             | EC               | CORP              | BR        |   1277727 | NS      | $3113597.89   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                                | COPT Defense Properties                                | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               |  | US        |     34159 | NS      | $962259.03    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc                                 | Cousins Properties Inc                                 | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               |  | US        |    175056 | NS      | $4539202.08   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                                       | Crown Castle Inc                                       | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |    176188 | NS      | $15895681.36  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                              | CubeSmart                                              | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               |  | US        |    107517 | NS      | $4050165.39   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp                               | Curbline Properties Corp                               | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               |  | US        |    220172 | NS      | $5077166.32   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                                       | DT Midstream Inc                                       | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133241 | NS      | $14588557.09  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co                             | DiamondRock Hospitality Co                             | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               |  | US        |    152760 | NS      | $1194583.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                               | Digital Realty Trust Inc                               | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |    133879 | NS      | $22814320.39  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc                                     | Douglas Emmett Inc                                     | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               |  | US        |     52770 | NS      | $682843.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                          | PURCHASED JPY / SOLD USD                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | JP        |         1 | NC      | $-236.96      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                          | PURCHASED JPY / SOLD USD                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | JP        |         1 | NC      | $282.86       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV              | Grupo Aeroportuario del Sureste SAB de CV              | CUSIP: 000000000<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |    104049 | NS      | $3147428.35   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc                               | EastGroup Properties Inc                               | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               |  | US        |     28298 | NS      | $4938849.94   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust Inc                          | Empire State Realty Trust Inc                          | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               |  | US        |    136713 | NS      | $1010309.07   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                                           | Enbridge Inc                                           | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    572628 | NS      | $26701273.54  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                                           | Entergy Corp                                           | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     27649 | NS      | $2656792.41   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                            | Equinix Inc                                            | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |     39258 | NS      | $33212660.58  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc                        | Equity LifeStyle Properties Inc                        | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |     72467 | NS      | $4424110.35   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                                     | Equity Residential                                     | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               |  | US        |     21330 | NS      | $1267855.20   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc                  | Essential Properties Realty Trust Inc                  | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               |  | US        |    238022 | NS      | $7112097.36   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                               | Essex Property Trust Inc                               | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |     21794 | NS      | $5487075.38   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                             | Evergy Inc                                             | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     54444 | NS      | $4181843.64   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                                      | Eversource Energy                                      | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |    145828 | NS      | $10763564.68  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                            | Exelon Corp                                            | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    294283 | NS      | $13572331.96  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                                | Extra Space Storage Inc                                | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               |  | US        |    104018 | NS      | $13890563.72  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust                        | Federal Realty Investment Trust                        | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               |  | US        |     18540 | NS      | $1783362.60   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| First Capital Real Estate Investment Trust             | First Capital Real Estate Investment Trust             | CUSIP: 31890B103<br>LEI: 54930042UG2WCIIAQZ39 | Long             | EC               |  | CA        |     48050 | NS      | $644412.32    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust Inc                      | First Industrial Realty Trust Inc                      | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               |  | US        |    183274 | NS      | $10131386.72  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL Environmental Inc                                  | GFL Environmental Inc                                  | CUSIP: 36168Q104<br>LEI: 894500E7NLBY9VZRT696 | Long             | EC               | CORP              | CA        |     40188 | NS      | $1755813.72   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc                      | Gaming and Leisure Properties Inc                      | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               |  | US        |     53403 | NS      | $2384977.98   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund         | Goldman Sachs Financial Square Government Fund         | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | EC               | RF                | US        |  49545022 | NS      | $49545021.66  | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc                           | American Healthcare REIT Inc                           | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               |  | US        |    273436 | NS      | $12392119.52  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Pacifico SAB de CV             | Grupo Aeroportuario del Pacifico SAB de CV             | CUSIP: 400506101<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |     15264 | NS      | $3179796.48   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV              | Grupo Aeroportuario del Sureste SAB de CV              | CUSIP: 40051E202<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |      3120 | NS      | $943300.80    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Real Estate Investment Trust                       | H&R Real Estate Investment Trust                       | CUSIP: 403925407<br>LEI: 549300TGNP6B6GUVGW10 | Long             | EC               |  | CA        |     38310 | NS      | $305649.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cofinimmo SA                                           | Cofinimmo SA                                           | CUSIP: 000000000<br>LEI: 549300TM914CSF6KI389 | Long             | EC               |  | BE        |      4820 | NS      | $411607.83    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Healthcare Realty Trust Inc                            | Healthcare Realty Trust Inc                            | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |     76180 | NS      | $1349909.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                              | Healthpeak Properties Inc                              | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               |  | US        |    400868 | NS      | $7195580.60   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc                              | Host Hotels & Resorts Inc                              | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               |  | US        |    140540 | NS      | $2251450.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Pacific Properties Inc                          | Hudson Pacific Properties Inc                          | CUSIP: 444097109<br>LEI: N/A                  | Long             | EC               |  | US        |    792579 | NS      | $1933892.76   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyatt Hotels Corp                                      | Hyatt Hotels Corp                                      | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |      8676 | NS      | $1192169.16   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc                          | Independence Realty Trust Inc                          | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               |  | US        |    295386 | NS      | $4705498.98   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc                                   | Invitation Homes Inc                                   | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               |  | US        |    229170 | NS      | $6451135.50   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                                      | Iron Mountain Inc                                      | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |    191163 | NS      | $19680230.85  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyera Corp                                            | Keyera Corp                                            | CUSIP: 493271100<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |    147877 | NS      | $4366037.99   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyera Corp                                            | Keyera Corp                                            | CUSIP: 493271118<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |     97481 | NS      | $2787752.95   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                                     | Kilroy Realty Corp                                     | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               |  | US        |     42855 | NS      | $1810623.75   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                                      | Kimco Realty Corp                                      | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               |  | US        |    546918 | NS      | $11299325.88  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                                      | Kinder Morgan Inc                                      | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    322317 | NS      | $8441482.23   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                                | Kite Realty Group Trust                                | CUSIP: 49803T300<br>LEI: 549300OVTYLM7DH6CM14 | Long             | EC               |  | US        |    130520 | NS      | $2889712.80   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                                   | LXP Industrial Trust                                   | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               |  | US        |    149379 | NS      | $1417606.71   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Lineage Inc                                            | Lineage Inc                                            | CUSIP: 53566V106<br>LEI: N/A                  | Long             | EC               |  | US        |     10820 | NS      | $426308.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sacyr SA                                               | Sacyr SA                                               | CUSIP: 000000000<br>LEI: 959800XKAB9VNAVN9425 | Long             | EC               | CORP              | ES        |    509026 | NS      | $2239207.82   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Macerich Co/The                                        | Macerich Co/The                                        | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               |  | US        |     25990 | NS      | $445728.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Veris Residential Inc                                  | Veris Residential Inc                                  | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               |  | US        |    308049 | NS      | $4423583.64   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Naturgy Energy Group SA                                | Naturgy Energy Group SA                                | CUSIP: 000000000<br>LEI: TL2N6M87CW970S5SV098 | Long             | EC               | CORP              | ES        |     44356 | NS      | $1343616.14   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TAG Immobilien AG                                      | TAG Immobilien AG                                      | CUSIP: 000000000<br>LEI: 529900TAE68USJNXLR59 | Long             | EC               | CORP              | DE        |    330585 | NS      | $5488013.33   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Vopak NV                                   | Koninklijke Vopak NV                                   | CUSIP: 000000000<br>LEI: 724500UL634GFV1KYF10 | Long             | EC               | CORP              | NL        |     64665 | NS      | $2930422.35   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Mirvac Group                                           | Mirvac Group                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   2972803 | NS      | $4475338.17   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Central Japan Railway Co                               | Central Japan Railway Co                               | CUSIP: 000000000<br>LEI: 353800YAR3OVUITHTG64 | Long             | EC               | CORP              | JP        |     59100 | NS      | $1446869.21   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| City Developments Ltd                                  | City Developments Ltd                                  | CUSIP: 000000000<br>LEI: 254900BPLPJS0RJ72373 | Long             | EC               | CORP              | SG        |    613919 | NS      | $3409986.58   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Transurban Group                                       | Transurban Group                                       | CUSIP: 000000000<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |    681962 | NS      | $6452513.76   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd                                | ENN Energy Holdings Ltd                                | CUSIP: 000000000<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | KY        |    574600 | NS      | $5006644.41   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Kunlun Energy Co Ltd                                   | Kunlun Energy Co Ltd                                   | CUSIP: 000000000<br>LEI: 5299007GRIKP15GM4927 | Long             | EC               | CORP              | BM        |   1312000 | NS      | $1205971.39   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| National Health Investors Inc                          | National Health Investors Inc                          | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               |  | US        |     54264 | NS      | $4043210.64   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| GPT Group/The                                          | GPT Group/The                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    238956 | NS      | $839333.12    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| NNN REIT Inc                                           | NNN REIT Inc                                           | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               |  | US        |     22220 | NS      | $899021.20    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust                      | National Storage Affiliates Trust                      | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               |  | US        |    173656 | NS      | $5051653.04   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Building Fund Inc                               | Nippon Building Fund Inc                               | CUSIP: 000000000<br>LEI: 52990053R8NL2MB32172 | Long             | EC               |  | JP        |      8972 | NS      | $8278621.77   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Real Estate Investment Corp                      | Japan Real Estate Investment Corp                      | CUSIP: 000000000<br>LEI: 3538003YAIR3CBGJJ928 | Long             | EC               |  | JP        |      1876 | NS      | $1547273.57   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| NETSTREIT Corp                                         | NETSTREIT Corp                                         | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               |  | US        |    297681 | NS      | $5542820.22   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| China Merchants Port Holdings Co Ltd                   | China Merchants Port Holdings Co Ltd                   | CUSIP: 000000000<br>LEI: 529900GA4UH90FUOR048 | Long             | EC               | CORP              | HK        |    366000 | NS      | $708397.73    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Integrated Commercial Trust                 | CapitaLand Integrated Commercial Trust                 | CUSIP: 000000000<br>LEI: 54930031292WUTXF0L29 | Long             | EC               |  | SG        |   4542036 | NS      | $8257373.30   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Assets Holdings Ltd                              | Power Assets Holdings Ltd                              | CUSIP: 000000000<br>LEI: 254900JOWYUW1ZX4DF47 | Long             | EC               | CORP              | HK        |    211485 | NS      | $1343509.50   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong & China Gas Co Ltd                           | Hong Kong & China Gas Co Ltd                           | CUSIP: 000000000<br>LEI: 254900P7BETXGC7YU827 | Long             | EC               | CORP              | HK        |   3192200 | NS      | $2970826.95   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| International Container Terminal Services Inc          | International Container Terminal Services Inc          | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |    309730 | NS      | $2793573.87   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Orix JREIT Inc                                         | Orix JREIT Inc                                         | CUSIP: 000000000<br>LEI: 353800WVNTBIU65TA247 | Long             | EC               |  | JP        |       340 | NS      | $230139.20    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NextEra Energy Inc                                     | NextEra Energy Inc                                     | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     40103 | NS      | $3264384.20   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                                           | NiSource Inc                                           | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    293010 | NS      | $12338651.10  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                                  | Norfolk Southern Corp                                  | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      5113 | NS      | $1448921.94   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Estate Co Ltd                               | Mitsubishi Estate Co Ltd                               | CUSIP: 000000000<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |    570590 | NS      | $12091872.73  | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Co Ltd                                  | Mitsui Fudosan Co Ltd                                  | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |   1430290 | NS      | $14892751.51  | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Osaka Gas Co Ltd                                       | Osaka Gas Co Ltd                                       | CUSIP: 000000000<br>LEI: 353800024KMNOPQRWZ02 | Long             | EC               | CORP              | JP        |     55500 | NS      | $1746298.86   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Omega Healthcare Investors Inc                         | Omega Healthcare Investors Inc                         | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               |  | US        |     53940 | NS      | $2267098.20   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                                              | ONEOK Inc                                              | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     25779 | NS      | $1727193.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Stockland                                              | Stockland                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   2140829 | NS      | $8850999.47   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Realty & Development Co Ltd                   | Sumitomo Realty & Development Co Ltd                   | CUSIP: 000000000<br>LEI: 353800SO2DCLOI3LNZ64 | Long             | EC               | CORP              | JP        |     55200 | NS      | $2356873.66   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd                            | Sun Hung Kai Properties Ltd                            | CUSIP: 000000000<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |    858410 | NS      | $10445805.92  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Gas Co Ltd                                       | Tokyo Gas Co Ltd                                       | CUSIP: 000000000<br>LEI: 353800678EIJLOQSWZ83 | Long             | EC               | CORP              | JP        |    115400 | NS      | $4049867.98   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaga Nasional Bhd                                    | Tenaga Nasional Bhd                                    | CUSIP: 000000000<br>LEI: 549300FV8X6UID6I1413 | Long             | EC               | CORP              | MY        |    744900 | NS      | $2360029.60   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| PG&E Corp                                              | PG&E Corp                                              | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |   1166394 | NS      | $18615648.24  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhejiang Expressway Co Ltd                             | Zhejiang Expressway Co Ltd                             | CUSIP: 000000000<br>LEI: 213800X1ZRKM85U9H438 | Long             | EC               | CORP              | CN        |   1080000 | NS      | $1054303.10   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Pembina Pipeline Corp                                  | Pembina Pipeline Corp                                  | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |     61827 | NS      | $2338983.01   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fraport AG Frankfurt Airport Services Worldwide        | Fraport AG Frankfurt Airport Services Worldwide        | CUSIP: 000000000<br>LEI: 5299001ERX0K10IZUL40 | Long             | EC               | CORP              | DE        |     29911 | NS      | $2563812.59   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp                             | Pinnacle West Capital Corp                             | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     38672 | NS      | $3423245.44   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                           | Prologis Inc                                           | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |    263126 | NS      | $32651305.34  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                         | Public Storage                                         | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               |  | US        |     14890 | NS      | $4147758.40   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                                     | Realty Income Corp                                     | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               |  | US        |     52130 | NS      | $3022497.40   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Klepierre SA                                           | Klepierre SA                                           | CUSIP: 000000000<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               |  | FR        |    125612 | NS      | $4800456.78   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Regency Centers Corp                                   | Regency Centers Corp                                   | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               |  | US        |     62823 | NS      | $4331645.85   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc                          | Rexford Industrial Realty Inc                          | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               |  | US        |     89855 | NS      | $3712808.60   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| RioCan Real Estate Investment Trust                    | RioCan Real Estate Investment Trust                    | CUSIP: 766910103<br>LEI: 549300S8HVUSEU3JBY60 | Long             | EC               |  | CA        |    120560 | NS      | $1613426.40   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockpoint Gas Storage Inc                              | Rockpoint Gas Storage Inc                              | CUSIP: 773915103<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     83201 | NS      | $1537606.45   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Gecina SA                                              | Gecina SA                                              | CUSIP: 000000000<br>LEI: 9695003E4MMA10IBTR26 | Long             | EC               |  | FR        |     22244 | NS      | $2067163.54   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryman Hospitality Properties Inc                       | Ryman Hospitality Properties Inc                       | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               |  | US        |     21898 | NS      | $1903155.18   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                                | SBA Communications Corp                                | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |     22160 | NS      | $4243196.80   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp                                   | SL Green Realty Corp                                   | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               |  | US        |    124918 | NS      | $6414539.30   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT Inc                             | Sabra Health Care REIT Inc                             | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               |  | US        |    195128 | NS      | $3477180.96   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                                 | Sempra                                                 | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    309175 | NS      | $28425549.50  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                               | Simon Property Group Inc                               | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |     83465 | NS      | $14669808.40  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Smartstop Self Storage REIT Inc                        | Smartstop Self Storage REIT Inc                        | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               |  | US        |    187964 | NS      | $6456563.40   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| South Bow Corp                                         | South Bow Corp                                         | CUSIP: 83671M105<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |     75665 | NS      | $1962634.27   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                              | Spire Inc                                              | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     78139 | NS      | $6751209.60   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors Inc                           | Sunstone Hotel Investors Inc                           | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               |  | US        |    254159 | NS      | $2249307.15   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                                   | Targa Resources Corp                                   | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     77572 | NS      | $11949190.88  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                                         | TC Energy Corp                                         | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    717470 | NS      | $36002665.57  | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                                | UDR Inc                                                | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               |  | US        |    380819 | NS      | $12829792.11  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                                             | Ventas Inc                                             | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |    210574 | NS      | $15538255.46  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Venture Global Inc                                     | Venture Global Inc                                     | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |    160479 | NS      | $1375305.03   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Corp Inmobiliaria Vesta SAB de CV                      | Corp Inmobiliaria Vesta SAB de CV                      | CUSIP: 92540K109<br>LEI: 4469000001BIRIFZJ959 | Long             | EC               | CORP              | MX        |     28830 | NS      | $875567.10    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                                    | VICI Properties Inc                                    | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |    232559 | NS      | $6974444.41   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                                   | Vornado Realty Trust                                   | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               |  | US        |     93231 | NS      | $3537184.14   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                                  | Waste Connections Inc                                  | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      8746 | NS      | $1466781.31   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                                          | Welltower Inc                                          | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               |  | US        |    276318 | NS      | $50024610.72  | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                                   | Williams Cos Inc/The                                   | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    653504 | NS      | $37818276.48  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                        | Xcel Energy Inc                                        | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     72500 | NS      | $5884825.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Property Mexico SA de CV                      | Prologis Property Mexico SA de CV                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | MX        |    124474 | NS      | $497065.21    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Keppel DC REIT                                         | Keppel DC REIT                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | SG        |   1017604 | NS      | $1867236.10   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Real Estate Master Fund Inc                     | Nomura Real Estate Master Fund Inc                     | CUSIP: 000000000<br>LEI: 353800TNNZOQ1CPZE086 | Long             | EC               |  | JP        |      1315 | NS      | $1403096.38   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Cleanaway Waste Management Ltd                         | Cleanaway Waste Management Ltd                         | CUSIP: 000000000<br>LEI: 549300D5C72CV6CIBS66 | Long             | EC               | CORP              | AU        |   1237317 | NS      | $2062654.30   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Frasers Logistics & Commercial Trust                   | Frasers Logistics & Commercial Trust                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | SG        |   1214000 | NS      | $890261.38    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Warehouses De Pauw CVA                                 | Warehouses De Pauw CVA                                 | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               |  | BE        |    119646 | NS      | $3038371.75   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Fastighets AB Balder                                   | Fastighets AB Balder                                   | CUSIP: 000000000<br>LEI: 549300GHKJCEZOAEUU82 | Long             | EC               | CORP              | SE        |    984203 | NS      | $7218998.60   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Aena SME SA                                            | Aena SME SA                                            | CUSIP: 000000000<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |    331770 | NS      | $9011260.75   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| NTT DC REIT                                            | NTT DC REIT                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | SG        |    525000 | NS      | $529627.35    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                 | DJ US REAL ESTATE DEC25                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DE               |  | US        |       717 | NC      | $-794378.15   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Invincible Investment Corp                             | Invincible Investment Corp                             | CUSIP: 000000000<br>LEI: 353800JY6M2692VAV685 | Long             | EC               |  | JP        |      4004 | NS      | $1788961.34   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| SES SA                                                 | SES SA                                                 | CUSIP: 000000000<br>LEI: 5493008JPA4HYMH1HX51 | Long             | EC               | CORP              | LU        |    146385 | NS      | $1121655.92   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| PSP Swiss Property AG                                  | PSP Swiss Property AG                                  | CUSIP: 000000000<br>LEI: 50670042Y437P8X44F56 | Long             | EC               | CORP              | CH        |     24696 | NS      | $4271510.41   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Terna - Rete Elettrica Nazionale                       | Terna - Rete Elettrica Nazionale                       | CUSIP: 000000000<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |    338816 | NS      | $3474243.97   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Dexus                                                  | Dexus                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    240710 | NS      | $1147650.23   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Goodman Group                                          | Goodman Group                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    862661 | NS      | $18606022.95  | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Suntec Real Estate Investment Trust                    | Suntec Real Estate Investment Trust                    | CUSIP: 000000000<br>LEI: 549300C46QFXSI2F4K13 | Long             | EC               |  | SG        |    226080 | NS      | $232745.51    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Grainger PLC                                           | Grainger PLC                                           | CUSIP: 000000000<br>LEI: 2138007CEIRKZMNI2979 | Long             | EC               |  | GB        |    358554 | NS      | $883426.67    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Elia Group SA/NV                                       | Elia Group SA/NV                                       | CUSIP: 000000000<br>LEI: 549300S1MP1NFDIKT460 | Long             | EC               | CORP              | BE        |     23469 | NS      | $2828678.61   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| KDX Realty Investment Corp                             | KDX Realty Investment Corp                             | CUSIP: 000000000<br>LEI: 353800FFT483NCIHFY42 | Long             | EC               |  | JP        |      1239 | NS      | $1371765.67   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Mapletree Logistics Trust                              | Mapletree Logistics Trust                              | CUSIP: 000000000<br>LEI: 549300M9EBZIYH387075 | Long             | EC               |  | SG        |    721700 | NS      | $742672.88    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiwa Office Investment Corp                           | Daiwa Office Investment Corp                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |       315 | NS      | $770585.95    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Link REIT                                              | Link REIT                                              | CUSIP: 000000000<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               |  | HK        |    652928 | NS      | $3400197.75   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Castellum AB                                           | Castellum AB                                           | CUSIP: 000000000<br>LEI: 549300GU5OHTR1T5IY68 | Long             | EC               | CORP              | SE        |    105990 | NS      | $1205341.82   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiwa House REIT Investment Corp                       | Daiwa House REIT Investment Corp                       | CUSIP: 000000000<br>LEI: 3538001FWU534P8JMO05 | Long             | EC               |  | JP        |      1402 | NS      | $1208171.90   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Equatorial Energia SA                                  | Equatorial Energia SA                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    170072 | NS      | $1158586.75   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Keppel REIT                                            | Keppel REIT                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | SG        |    772000 | NS      | $622926.77    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Excellent Inc                                    | Japan Excellent Inc                                    | CUSIP: 000000000<br>LEI: 35380015J62221TE0D86 | Long             | EC               |  | JP        |       655 | NS      | $625206.02    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Aeroports de Paris SA                                  | Aeroports de Paris SA                                  | CUSIP: 000000000<br>LEI: 969500PJMBSFHYC37989 | Long             | EC               | CORP              | FR        |     41647 | NS      | $5713176.03   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Frasers Centrepoint Trust                              | Frasers Centrepoint Trust                              | CUSIP: 000000000<br>LEI: 5493002RGQ266FKERZ83 | Long             | EC               |  | SG        |    337600 | NS      | $606898.25    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Accommodations Fund Inc                 | Mitsui Fudosan Accommodations Fund Inc                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      3944 | NS      | $3323735.99   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Severn Trent PLC                                       | Severn Trent PLC                                       | CUSIP: 000000000<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |    120515 | NS      | $4405425.03   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Aedifica SA                                            | Aedifica SA                                            | CUSIP: 000000000<br>LEI: 529900DTKNXL0AXQFN28 | Long             | EC               |  | BE        |     14340 | NS      | $1047227.47   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Qube Holdings Ltd                                      | Qube Holdings Ltd                                      | CUSIP: 000000000<br>LEI: 391200RT2MUFEO3RFW25 | Long             | EC               | CORP              | AU        |    676880 | NS      | $1939895.14   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Safestore Holdings PLC                                 | Safestore Holdings PLC                                 | CUSIP: 000000000<br>LEI: 213800WGA3YSJC1YOH73 | Long             | EC               |  | GB        |    177329 | NS      | $1665642.87   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Keppel Ltd                                             | Keppel Ltd                                             | CUSIP: 000000000<br>LEI: 254900SQ7IPDOY6IDW33 | Long             | EC               | CORP              | SG        |    134900 | NS      | $1054964.84   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                               | Vinci SA                                               | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |    226384 | NS      | $30271219.25  | 2.36%             |  |  |  | No            |                  2 | On Loan: No      |
| United Utilities Group PLC                             | United Utilities Group PLC                             | CUSIP: 000000000<br>LEI: 2138002IEYQAOC88ZJ59 | Long             | EC               | CORP              | GB        |     81191 | NS      | $1280908.45   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| LondonMetric Property PLC                              | LondonMetric Property PLC                              | CUSIP: 000000000<br>LEI: 213800OCERWWPQDURL87 | Long             | EC               |  | GB        |   2161115 | NS      | $5406686.94   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXTDC Ltd                                             | NEXTDC Ltd                                             | CUSIP: 000000000<br>LEI: 529900RTERU3X7G3D672 | Long             | EC               | CORP              | AU        |    592963 | NS      | $6096213.95   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Segro PLC                                              | Segro PLC                                              | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               |  | GB        |    113558 | NS      | $1042049.41   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Advance Residence Investment Corp                      | Advance Residence Investment Corp                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |       830 | NS      | $898345.34    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Swire Properties Ltd                                   | Swire Properties Ltd                                   | CUSIP: 000000000<br>LEI: 5299001L12PHYVQ92465 | Long             | EC               | CORP              | HK        |   1724032 | NS      | $4696736.37   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Activia Properties Inc                                 | Activia Properties Inc                                 | CUSIP: 000000000<br>LEI: 353800RPGYN3ML8CXV54 | Long             | EC               |  | JP        |       832 | NS      | $761253.71    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Comforia Residential REIT Inc                          | Comforia Residential REIT Inc                          | CUSIP: 000000000<br>LEI: 353800BJ2SV3UPG9JU05 | Long             | EC               |  | JP        |       580 | NS      | $1223152.29   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GLP J-Reit                                             | GLP J-Reit                                             | CUSIP: 000000000<br>LEI: 353800E27V9KA51K2I90 | Long             | EC               |  | JP        |      4889 | NS      | $4431855.82   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Prologis REIT Inc                               | Nippon Prologis REIT Inc                               | CUSIP: 000000000<br>LEI: 353800PHBMSDLAFURY41 | Long             | EC               |  | JP        |      3365 | NS      | $1957177.88   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| LEG Immobilien SE                                      | LEG Immobilien SE                                      | CUSIP: 000000000<br>LEI: 391200SO40AKONBO0Z96 | Long             | EC               | CORP              | DE        |     52543 | NS      | $4004524.06   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Vonovia SE                                             | Vonovia SE                                             | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |    121945 | NS      | $3665148.31   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Italgas SpA                                            | Italgas SpA                                            | CUSIP: 000000000<br>LEI: 815600F25FF44EF1FA76 | Long             | EC               | CORP              | IT        |    410461 | NS      | $4306937.44   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Redeia Corp SA                                         | Redeia Corp SA                                         | CUSIP: 000000000<br>LEI: 5493009HMD0C90GUV498 | Long             | EC               | CORP              | ES        |    471059 | NS      | $8479939.97   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC                                      | National Grid PLC                                      | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |   2183270 | NS      | $32736171.96  | 2.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Wharf Real Estate Investment Co Ltd                    | Wharf Real Estate Investment Co Ltd                    | CUSIP: 000000000<br>LEI: 529900QLPKS8U9QOPB59 | Long             | EC               | CORP              | KY        |    615000 | NS      | $1750424.52   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Unibail-Rodamco-Westfield                              | Unibail-Rodamco-Westfield                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | FR        |    120930 | NS      | $12504550.56  | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Tritax Big Box REIT PLC                                | Tritax Big Box REIT PLC                                | CUSIP: 000000000<br>LEI: 213800L6X88MIYPVR714 | Long             | EC               |  | GB        |   2538036 | NS      | $5010224.54   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| National Storage REIT                                  | National Storage REIT                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   3329369 | NS      | $5009952.60   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Auckland International Airport Ltd                     | Auckland International Airport Ltd                     | CUSIP: 000000000<br>LEI: 549300HFZIZDJWB7AK60 | Long             | EC               | CORP              | NZ        |    557287 | NS      | $2589528.76   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CTP NV                                                 | CTP NV                                                 | CUSIP: 000000000<br>LEI: 3157000YTVO4TN65UM14 | Long             | EC               | CORP              | NL        |     40811 | NS      | $851036.88    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Scentre Group                                          | Scentre Group                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   2254096 | NS      | $6004537.04   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Merlin Properties Socimi SA                            | Merlin Properties Socimi SA                            | CUSIP: 000000000<br>LEI: 959800L8KD863DP30X04 | Long             | EC               |  | ES        |    605708 | NS      | $9435880.39   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| CapitaLand Investment Ltd/Singapore                    | CapitaLand Investment Ltd/Singapore                    | CUSIP: 000000000<br>LEI: 254900AT4UQDU7SNXX49 | Long             | EC               | CORP              | SG        |    336000 | NS      | $680749.27    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Pennon Group PLC                                       | Pennon Group PLC                                       | CUSIP: 000000000<br>LEI: 213800V1CCTS41GWH423 | Long             | EC               | CORP              | GB        |   1115246 | NS      | $7600537.25   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Region Group                                           | Region Group                                           | CUSIP: 000000000<br>LEI: 549300MS6NZV0B7K7D28 | Long             | EC               |  | AU        |    510076 | NS      | $814704.99    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Gemlife Communities Group                              | Gemlife Communities Group                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     98700 | NS      | $327417.59    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Centurion Accommodation Reit                           | Centurion Accommodation Reit                           | CUSIP: 000000000<br>LEI: 254900NE2W0T2HDOXF24 | Long             | EC               |  | SG        |    727800 | NS      | $592707.44    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sekisui House Reit Inc                                 | Sekisui House Reit Inc                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      2330 | NS      | $1199178.51   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| DigiCo Infrastructure REIT                             | DigiCo Infrastructure REIT                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    187920 | NS      | $319386.33    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| China Tower Corp Ltd                                   | China Tower Corp Ltd                                   | CUSIP: 000000000<br>LEI: 300300T6BNNP0L7O7H91 | Long             | EC               | CORP              | CN        |   1515100 | NS      | $2188783.94   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellnex Telecom SA                                     | Cellnex Telecom SA                                     | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |    467665 | NS      | $14559222.95  | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Primary Health Properties PLC                          | Primary Health Properties PLC                          | CUSIP: 000000000<br>LEI: 213800Y5CJHXOATK7X11 | Long             | EC               |  | GB        |    554950 | NS      | $683250.42    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Orsted AS                                              | Orsted AS                                              | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | EC               | CORP              | DK        |     77719 | NS      | $1391888.64   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** Goldman Sachs Trust II

**Signature:** Allison Fracchiolla

**Name of Signer:** Allison Fracchiolla

**Title:** Vice President