# EDGAR Filing Document

**Accession Number:** 0000836487
**File Stem:** 0001752724-23-041526
**Filing Date:** 2023-2
**Character Count:** 72336
**Document Hash:** 2a404452439bc0adfea267a62f923cfa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041526.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041526

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MORGAN STANLEY INSTITUTIONAL FUND INC
- **CENTRAL INDEX KEY:** 0000836487
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05624
- **FILM NUMBER:** 23671508

**BUSINESS ADDRESS:**
- **STREET 1:** 522 FIFTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 800-548-7786

**MAIL ADDRESS:**
- **STREET 1:** 522 FIFTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY DEAN WITTER INSTITUTIONAL FUND INC
- **DATE OF NAME CHANGE:** 19990329

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY INSTITUTIONAL FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Multi-Asset Real Return Portfolio (Series ID: S000061991)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000200799 | Class I      | MRJIX           |
| C000200800 | Class A      | MRJAX           |
| C000200801 | Class C      | MRJCX           |
| C000200802 | Class IS     | MRJSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MORGAN STANLEY INSTITUTIONAL FUND INC

- **b. Investment Company Act file number:** 811-05624

- **c. CIK number of Registrant:** 0000836487

- **d. LEI of Registrant:** 54930067DYRSUSGS4E97

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

  - **Street Address 1:** 522 FIFTH AVENUE

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

  - **Telephone number:** 800-548-7786

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

- **a. Name of Series:** Multi-Asset Real Return Portfolio

- **b. EDGAR series identifier (if any):** S000061991

- **c. LEI of Series:** 549300SU81KVUZB8LD55

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $43612143.02

**Total Liabilities:** $498001.56

**Net Assets:** $43114141.46

**Amount of Assets Invested in Other Investment Companies:** $1751069.10

**Cash Not Reported:** $959291.65

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1.88000000 | **1-Year:** -41.68000000 | **5-Year:** -196.28000000 | **10-Year:** -3209.70000000 | **30-Year:** -702.29000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000200802 | 2.07%                | 7.62%                | 1.03%                |
| Class ID C000200799 | 2.07%                | 7.62%                | 0.99%                |
| Class ID C000200801 | 1.89%                | 7.52%                | 0.98%                |
| Class ID C000200800 | 2.07%                | 7.53%                | 0.99%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-143067.44              | $944707.63                                 |
| Month 2  | $265667.90               | $1817666.73                                |
| Month 3  | $1155791.04              | $-1244470.77                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Zijin Mining Group Co Ltd                          | Zijin Mining Group Co Ltd                                                                                                                  | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |    100805 | NS      | $135481.10    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| EQT Corp                                           | EQT Corp                                                                                                                                   | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |       284 | NS      | $9607.72      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GoGold Resources Inc                               | GoGold Resources Inc                                                                                                                       | CUSIP: 38045Y102<br>LEI: 549300PNCGJ26Y676N19 | Long             | EC               | CORP              | CA        |      1475 | NS      | $2363.92      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                          | L3Harris Technologies Inc                                                                                                                  | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      1010 | NS      | $210292.10    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamana Gold Inc                                    | Yamana Gold Inc                                                                                                                            | CUSIP: 98462Y100<br>LEI: 54930002VY22NXG01418 | Long             | EC               | CORP              | CA        |     16192 | NS      | $89865.60     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                                 | Equity Residential                                                                                                                         | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               |  | US        |       788 | NS      | $46492.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DRDGOLD Ltd                                        | DRDGOLD Ltd                                                                                                                                | CUSIP: 26152H301<br>LEI: 529900Z0P3GRRN23MG34 | Long             | EC               | CORP              | ZA        |      1472 | NS      | $10892.80     | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| HSBC Securities (USA) Inc.                         | HSBC TRI PARTY   A REPO                                                                                                                    | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Long             | RA               | CORP              | US        |      7351 | PA      | $7351.26      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Welltower Inc                                      | Welltower Inc                                                                                                                              | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               |  | US        |      1000 | NS      | $65550.00     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                                 | Realty Income Corp                                                                                                                         | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               |  | US        |      1326 | NS      | $84108.18     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                                          | Hess Corp                                                                                                                                  | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |       238 | NS      | $33753.16     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                                 | Valero Energy Corp                                                                                                                         | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |       348 | NS      | $44147.28     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                                     | Royal Gold Inc                                                                                                                             | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      1129 | NS      | $127260.88    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp                            | Marathon Petroleum Corp                                                                                                                    | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |       462 | NS      | $53772.18     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey Inc                                       | WP Carey Inc                                                                                                                               | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               |  | US        |       426 | NS      | $33291.90     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                            | UDR Inc                                                                                                                                    | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               |  | US        |       702 | NS      | $27188.46     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Oil Corp                                  | Marathon Oil Corp                                                                                                                          | CUSIP: 565849106<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | EC               | CORP              | US        |       605 | NS      | $16377.35     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd                                   | Schlumberger Ltd                                                                                                                           | CUSIP: 000000000<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |      1206 | NS      | $64472.76     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | MERRILL LYNCH TRI PARTY A REPO                                                                                                             | CUSIP: 000000000<br>LEI: 8NAV47T0Y26Q87Y0QP81 | Long             | RA               | CORP              | US        |      7351 | PA      | $7351.26      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ventas Inc                                         | Ventas Inc                                                                                                                                 | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |       881 | NS      | $39689.05     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AngloGold Ashanti Ltd                              | AngloGold Ashanti Ltd                                                                                                                      | CUSIP: 035128206<br>LEI: 378900EF3BA9A5F42A59 | Long             | EC               | CORP              | ZA        |      7055 | NS      | $137008.10    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhaojin Mining Industry Co Ltd                     | Zhaojin Mining Industry Co Ltd                                                                                                             | CUSIP: 000000000<br>LEI: 3003007KU2DRDX06PN04 | Long             | EC               | CORP              | CN        |     46963 | NS      | $51913.43     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| EOG Resources Inc                                  | EOG Resources Inc                                                                                                                          | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |       500 | NS      | $64760.00     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                               | Regency Centers Corp                                                                                                                       | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               |  | US        |       342 | NS      | $21375.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                               | Williams Cos Inc/The                                                                                                                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      1040 | NS      | $34216.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution Mining Ltd                               | Evolution Mining Ltd                                                                                                                       | CUSIP: 000000000<br>LEI: 254900BCFW5QO5LW8F27 | Long             | EC               | CORP              | AU        |     35310 | NS      | $72191.91     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| General Dynamics Corp                              | General Dynamics Corp                                                                                                                      | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      1450 | NS      | $359759.50    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd                        | Northern Star Resources Ltd                                                                                                                | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |     21081 | NS      | $157755.81    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Cheniere Energy Inc                                | Cheniere Energy Inc                                                                                                                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |       195 | NS      | $29242.20     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                             | Agnico Eagle Mines Ltd                                                                                                                     | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |      5367 | NS      | $279030.33    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                                | Sun Communities Inc                                                                                                                        | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |       268 | NS      | $38324.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                                 | Coterra Energy Inc                                                                                                                         | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |       687 | NS      | $16879.59     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Properties Inc                              | Boston Properties Inc                                                                                                                      | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               |  | US        |       328 | NS      | $22166.24     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| West African Resources Ltd                         | West African Resources Ltd                                                                                                                 | CUSIP: 000000000<br>LEI: 529900XLO8GMJNTUL013 | Long             | EC               | CORP              | AU        |     19950 | NS      | $16138.50     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Phillips 66                                        | Phillips 66                                                                                                                                | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |       411 | NS      | $42776.88     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                       | Prologis Inc                                                                                                                               | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |      2034 | NS      | $229292.82    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortuna Silver Mines Inc                           | Fortuna Silver Mines Inc                                                                                                                   | CUSIP: 349915108<br>LEI: 5493003Q88RVK7CW4735 | Long             | EC               | CORP              | CA        |      4887 | NS      | $18326.25     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                              | American Homes 4 Rent                                                                                                                      | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |       690 | NS      | $20796.60     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                                    | Baker Hughes Co                                                                                                                            | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       841 | NS      | $24834.73     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp                                  | Kinross Gold Corp                                                                                                                          | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |     21809 | NS      | $89198.81     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                                     | CBRE Group Inc                                                                                                                             | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |       721 | NS      | $55488.16     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc                  | Gaming and Leisure Properties Inc                                                                                                          | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               |  | US        |       563 | NS      | $29326.67     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining Inc                                     | SSR Mining Inc                                                                                                                             | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | CA        |      3703 | NS      | $58026.01     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                        | S+P500 EMINI FUT MAR23                                                                                                                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       -46 | NC      | $294364.60    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp                               | Lockheed Martin Corp                                                                                                                       | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      1394 | NS      | $678167.06    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| K92 Mining Inc                                     | K92 Mining Inc                                                                                                                             | CUSIP: 499113108<br>LEI: 254900EA8H0X9FEVZU11 | Long             | EC               | CORP              | CA        |      3972 | NS      | $22500.18     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Centamin PLC                                       | Centamin PLC                                                                                                                               | CUSIP: 000000000<br>LEI: 213800PDI9G7OUKLPV84 | Long             | EC               | CORP              | JE        |     19328 | NS      | $26412.19     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                             | United States Treasury Inflation Indexed Bonds                                                                                             | CUSIP: 912810FR4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1495427 | PA      | $1496923.11   | 3.47%             | 2025-01-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Centerra Gold Inc                                  | Centerra Gold Inc                                                                                                                          | CUSIP: 152006102<br>LEI: 549300K0HXTMP5JJ0E62 | Long             | EC               | CORP              | CA        |      4326 | NS      | $22396.79     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BofA Securities Europe SA                          | Long: SMIAE3X69 IRS USD R F  2.91050 II3518390211213 CCPINFLATIONZE / Short: SMIAE3X69 IRS USD P V 12MUSCPI II0609370211213 CCPINFLATIONZE | CUSIP: 000000000<br>LEI: 549300FH0WJAPEHTIQ77 | N/A              | DIR              |  | US        |   2523000 | OU      | $-86985.87    | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining PLC                               | Endeavour Mining PLC                                                                                                                       | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |      4238 | NS      | $90706.97     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                               | Targa Resources Corp                                                                                                                       | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |       185 | NS      | $13597.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                                | American Tower Corp                                                                                                                        | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |      1006 | NS      | $213131.16    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                     | PURCHASED EUR / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | XX        |         1 | NC      | $1666.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OceanaGold Corp                                    | OceanaGold Corp                                                                                                                            | CUSIP: 675222103<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |     12379 | NS      | $23587.75     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                          | Occidental Petroleum Corp                                                                                                                  | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |       800 | NS      | $50392.00     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Silvercorp Metals Inc                              | Silvercorp Metals Inc                                                                                                                      | CUSIP: 82835P103<br>LEI: 52990092RT3UCQ7G3177 | Long             | EC               | CORP              | CA        |       661 | NS      | $1956.56      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                                    | Gold Fields Ltd                                                                                                                            | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     15318 | NS      | $158541.30    | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Huntington Ingalls Industries Inc                  | Huntington Ingalls Industries Inc                                                                                                          | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |       210 | NS      | $48442.80     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                                       | Newmont Corp                                                                                                                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      9533 | NS      | $449957.60    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities Inc                | Alexandria Real Estate Equities Inc                                                                                                        | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               |  | US        |       342 | NS      | $49819.14     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                       | Chevron Corp                                                                                                                               | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1594 | NS      | $286107.06    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| SWAP BNP PARIBAS BOC                               | SWAP BNP PARIBAS BOC                                                                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Short            | STIV             | CORP              | US        |    -90000 | NS      | $-90000.00    | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| Barrick Gold Corp                                  | Barrick Gold Corp                                                                                                                          | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     20888 | NS      | $358855.84    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                                   | Crown Castle Inc                                                                                                                           | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |       954 | NS      | $129400.56    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Road Resources Ltd                            | Gold Road Resources Ltd                                                                                                                    | CUSIP: 000000000<br>LEI: 213800HJWH96TDEMNY83 | Long             | EC               | CORP              | AU        |     19272 | NS      | $22307.83     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                             | United States Treasury Inflation Indexed Bonds                                                                                             | CUSIP: 912828ZJ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1640405 | PA      | $1563648.27   | 3.63%             | 2025-04-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| Endeavour Silver Corp                              | Endeavour Silver Corp                                                                                                                      | CUSIP: 29258Y103<br>LEI: 549300IF2E29780PPV02 | Long             | EC               | CORP              | CA        |      3267 | NS      | $10585.08     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Public Storage                                     | Public Storage                                                                                                                             | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               |  | US        |       348 | NS      | $97506.12     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesdome Gold Mines Ltd                             | Wesdome Gold Mines Ltd                                                                                                                     | CUSIP: 95083R100<br>LEI: 254900D63U62QS84H719 | Long             | EC               | CORP              | CA        |      2594 | NS      | $14330.22     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BofA Securities Europe SA                          | Long: BMIALP944 IRS USD R V 12MUSCPI II7104600220301 CCPINFLATIONZE / Short: BMIALP944 IRS USD P F  2.92100 II9449850220301 CCPINFLATIONZE | CUSIP: 000000000<br>LEI: 549300FH0WJAPEHTIQ77 | N/A              | DIR              |  | US        |   7995000 | OU      | $20434.10     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Victoria Gold Corp                                 | Victoria Gold Corp                                                                                                                         | CUSIP: 92625W507<br>LEI: 549300VUIN6RQ5764L78 | Long             | EC               | CORP              | CA        |       323 | NS      | $1705.65      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                   | Exxon Mobil Corp                                                                                                                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      3596 | NS      | $396638.80    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Minas Buenaventura SAA                      | Cia de Minas Buenaventura SAA                                                                                                              | CUSIP: 204448104<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | EC               | CORP              | PE        |      4019 | NS      | $29941.55     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank N.A.                                      | PURCHASED CHF / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | CH        |         1 | NC      | $-2594.73     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts Inc                          | Host Hotels & Resorts Inc                                                                                                                  | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               |  | US        |      1576 | NS      | $25294.80     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank N.A.                                      | PURCHASED EUR / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | XX        |         1 | NC      | $6104.42      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Texas Pacific Land Corp                            | Texas Pacific Land Corp                                                                                                                    | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         4 | NS      | $9376.92      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                                   | Coeur Mining Inc                                                                                                                           | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |      4513 | NS      | $15163.68     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                                  | Kimco Realty Corp                                                                                                                          | CUSIP: 49446R109<br>LEI: 549300EA7I6T15IBYS12 | Long             | EC               |  | US        |      1362 | NS      | $28847.16     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Newcrest Mining Ltd                                | Newcrest Mining Ltd                                                                                                                        | CUSIP: 000000000<br>LEI: 5299006MN50OZJUJI655 | Long             | EC               | CORP              | AU        |     12705 | NS      | $178153.43    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Harmony Gold Mining Co Ltd                         | Harmony Gold Mining Co Ltd                                                                                                                 | CUSIP: 413216300<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |     10008 | NS      | $34027.20     | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Ramelius Resources Ltd                             | Ramelius Resources Ltd                                                                                                                     | CUSIP: 000000000<br>LEI: 254900E44AIGW7KKNR98 | Long             | EC               | CORP              | AU        |      5435 | NS      | $3474.94      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Essex Property Trust Inc                           | Essex Property Trust Inc                                                                                                                   | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |       144 | NS      | $30516.48     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BofA Securities Europe SA                          | Long: SMIALP902 IRS USD R F  3.28020 II9778190220301 CCPINFLATIONZE / Short: SMIALP902 IRS USD P V 12MUSCPI II0025600220301 CCPINFLATIONZE | CUSIP: 000000000<br>LEI: 549300FH0WJAPEHTIQ77 | N/A              | DIR              |  | US        |   7995000 | OU      | $-26464.73    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                     | Long: 1325132   TRS USD R V 00MSOFR II0908390221219 EQUITYTRS / Short: 1325132   TRS USD P E II5684410221219 EQUITYTRS                     | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DE               |  | FR        |   2929836 | OU      | $27534.76     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Dundee Precious Metals Inc                         | Dundee Precious Metals Inc                                                                                                                 | CUSIP: 265269209<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |      3346 | NS      | $16087.49     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                              | Camden Property Trust                                                                                                                      | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               |  | US        |       224 | NS      | $25061.12     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                                    | Alamos Gold Inc                                                                                                                            | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |      6692 | NS      | $67656.12     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                                  | Iron Mountain Inc                                                                                                                          | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |       641 | NS      | $31953.85     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                             | United States Treasury Inflation Indexed Bonds                                                                                             | CUSIP: 912828WU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1662756 | PA      | $1609349.86   | 3.73%             | 2024-07-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| Perseus Mining Ltd                                 | Perseus Mining Ltd                                                                                                                         | CUSIP: 000000000<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |     24678 | NS      | $35510.78     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Vornado Realty Trust                               | Vornado Realty Trust                                                                                                                       | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               |  | US        |       359 | NS      | $7470.79      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank N.A.                           | PURCHASED JPY / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | JP        |         1 | NC      | $39313.12     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| BofA Securities Europe SA                          | Long: BMIAE3X36 IRS USD R V 12MUSCPI II9108360211213 CCPINFLATIONZE / Short: BMIAE3X36 IRS USD P F  2.67500 II8890380211213 CCPINFLATIONZE | CUSIP: 000000000<br>LEI: 549300FH0WJAPEHTIQ77 | N/A              | DIR              |  | US        |   4629000 | OU      | $177770.03    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Eldorado Gold Corp                                 | Eldorado Gold Corp                                                                                                                         | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |      3116 | NS      | $26049.76     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                                 | BRENT CRUDE FUTR  DEC23                                                                                                                    | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |        47 | NC      | $627.16       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                            | SBA Communications Corp                                                                                                                    | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |       237 | NS      | $66433.47     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                                  | Kinder Morgan Inc                                                                                                                          | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |      1742 | NS      | $31495.36     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                          | AvalonBay Communities Inc                                                                                                                  | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               |  | US        |       308 | NS      | $49748.16     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Regis Resources Ltd                                | Regis Resources Ltd                                                                                                                        | CUSIP: 000000000<br>LEI: 213800XH9YUXBLYBD749 | Long             | EC               | CORP              | AU        |     13955 | NS      | $19640.26     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| St Barbara Ltd                                     | St Barbara Ltd                                                                                                                             | CUSIP: 000000000<br>LEI: 2549001WR6XSXNOD1F93 | Long             | EC               | CORP              | AU        |     17483 | NS      | $9345.31      | 0.02%             |  |  |  | No            |                  2 | On Loan: —       |
| APA Corp                                           | APA Corp                                                                                                                                   | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |       289 | NS      | $13490.52     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp                         | Raytheon Technologies Corp                                                                                                                 | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      7779 | NS      | $785056.68    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Aya Gold & Silver Inc                              | Aya Gold & Silver Inc                                                                                                                      | CUSIP: 05466C109<br>LEI: 549300BWX8KJOTUL4M51 | Long             | EC               | CORP              | CA        |      1701 | NS      | $11331.62     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                        | GOLD 100 OZ FUTR FEB23                                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        14 | NC      | $100758.28    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                                  | Devon Energy Corp                                                                                                                          | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |       535 | NS      | $32907.85     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                                | VICI Properties Inc                                                                                                                        | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |      2123 | NS      | $68785.20     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank N.A.                           | PURCHASED GBP / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | GB        |         1 | NC      | $-48618.68    | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Simon Property Group Inc                           | Simon Property Group Inc                                                                                                                   | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |       724 | NS      | $85055.52     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SWAP BANK OF AMERICA COC                           | SWAP BANK OF AMERICA COC                                                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    400000 | NS      | $400000.00    | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Franco-Nevada Corp                                 | Franco-Nevada Corp                                                                                                                         | CUSIP: 351858105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      2254 | NS      | $307625.92    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Osisko Gold Royalties Ltd                          | Osisko Gold Royalties Ltd                                                                                                                  | CUSIP: 68827L101<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |      3096 | NS      | $37368.72     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| New Gold Inc                                       | New Gold Inc                                                                                                                               | CUSIP: 644535106<br>LEI: 5493005G0GNCHP0H6L96 | Long             | EC               | CORP              | CA        |     11517 | NS      | $11286.66     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co                       | Pioneer Natural Resources Co                                                                                                               | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |       197 | NS      | $44992.83     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp                       | Wheaton Precious Metals Corp                                                                                                               | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |      5396 | NS      | $210875.68    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                             | United States Treasury Inflation Indexed Bonds                                                                                             | CUSIP: 912828B25<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1656321 | PA      | $1621297.15   | 3.76%             | 2024-01-15      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| Hecla Mining Co                                    | Hecla Mining Co                                                                                                                            | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |      9667 | NS      | $53748.52     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank N.A.                           | PURCHASED CAD / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | CA        |         1 | NC      | $407.20       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Torex Gold Resources Inc                           | Torex Gold Resources Inc                                                                                                                   | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |      1491 | NS      | $17123.38     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                              | Northrop Grumman Corp                                                                                                                      | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |       812 | NS      | $443035.32    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                             | Diamondback Energy Inc                                                                                                                     | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |       144 | NS      | $19696.32     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| B2Gold Corp                                        | B2Gold Corp                                                                                                                                | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |     18460 | NS      | $65902.20     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                     | Long: 1325131   TRS USD R E II1348960221219 EQUITYTRS / Short: 1325131   TRS USD P V 00MSOFR II3474080221219 EQUITYTRS                     | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DE               |  | FR        |   2931631 | OU      | $11957.47     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                           | Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio                                                                          | CUSIP: 61747C582<br>LEI: 549300D1XR6GP7EZ0T47 | Long             | STIV             | RF                | US        |  11198228 | NS      | $11198227.52  | 25.97%            |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp                                  | Equinox Gold Corp                                                                                                                          | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |      5507 | NS      | $18062.96     | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Morgan Stanley & Co. LLC                           | Morgan Stanley Institutional Liquidity Funds - Treasury Securities Portfolio                                                               | CUSIP: 61747C525<br>LEI: 549300OJY9IZ31SGS926 | Long             | STIV             | RF                | US        |     79230 | NS      | $79230.23     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp                           | Pan American Silver Corp                                                                                                                   | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |      3767 | NS      | $61552.78     | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Medical Properties Trust Inc                       | Medical Properties Trust Inc                                                                                                               | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               |  | US        |      1323 | NS      | $14738.22     | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| United States Treasury                             | United States Treasury Inflation Indexed Bonds                                                                                             | CUSIP: 91282CEZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4456015 | PA      | $4085089.18   | 9.48%             | 2032-07-15      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| Mid-America Apartment Communities Inc              | Mid-America Apartment Communities Inc                                                                                                      | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |       254 | NS      | $39875.46     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                           | Digital Realty Trust Inc                                                                                                                   | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |       628 | NS      | $62969.56     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Capricorn Metals Ltd                               | Capricorn Metals Ltd                                                                                                                       | CUSIP: 000000000<br>LEI: 529900CRG304NUYMOV23 | Long             | EC               | CORP              | AU        |      6967 | NS      | $21846.66     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| IAMGOLD Corp                                       | IAMGOLD Corp                                                                                                                               | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |      8827 | NS      | $22773.66     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank N.A.                                      | PURCHASED JPY / SOLD USD                                                                                                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | JP        |         1 | NC      | $11568.83     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co                                    | Weyerhaeuser Co                                                                                                                            | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |      1641 | NS      | $50871.00     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                            | Extra Space Storage Inc                                                                                                                    | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               |  | US        |       296 | NS      | $43565.28     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| First Majestic Silver Corp                         | First Majestic Silver Corp                                                                                                                 | CUSIP: 32076V103<br>LEI: 529900PWCU5DUH1DYR51 | Long             | EC               | CORP              | CA        |      4420 | NS      | $36862.80     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN GOVERNMENT RRB                            | Canadian Government Real Return Bond                                                                                                       | CUSIP: 135087XQ2<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |   3953411 | PA      | $3534419.54   | 8.20%             | 2036-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Healthcare Realty Trust Inc                        | Healthcare Realty Trust Inc                                                                                                                | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |       839 | NS      | $16167.53     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                             | United States Treasury Inflation Indexed Bonds                                                                                             | CUSIP: 912828H45<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1627917 | PA      | $1561839.98   | 3.62%             | 2025-01-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Equinix Inc                                        | Equinix Inc                                                                                                                                | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |       201 | NS      | $131661.03    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                          | Healthpeak Properties Inc                                                                                                                  | CUSIP: 42250P103<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | EC               |  | US        |      1189 | NS      | $29808.23     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc                    | Equity LifeStyle Properties Inc                                                                                                            | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |       389 | NS      | $25129.40     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                             | United States Treasury Inflation Indexed Bonds                                                                                             | CUSIP: 912828YL8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1651473 | PA      | $1590646.67   | 3.69%             | 2024-10-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| Zillow Group Inc                                   | Zillow Group Inc                                                                                                                           | CUSIP: 98954M200<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |       357 | NS      | $11498.97     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                                     | Halliburton Co                                                                                                                             | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |       770 | NS      | $30299.50     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandstorm Gold Ltd                                 | Sandstorm Gold Ltd                                                                                                                         | CUSIP: 80013R206<br>LEI: 549300QWJPV45VQF1B33 | Long             | EC               | CORP              | CA        |      4526 | NS      | $23806.76     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                                          | ONEOK Inc                                                                                                                                  | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |       381 | NS      | $25031.70     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                             | United States Treasury Inflation Indexed Bonds                                                                                             | CUSIP: 9128286N5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1604423 | PA      | $1560390.70   | 3.62%             | 2024-04-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | United States Treasury Inflation Indexed Bonds                                                                                             | CUSIP: 912828XL9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1625924 | PA      | $1561892.63   | 3.62%             | 2025-07-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Inc                               | Invitation Homes Inc                                                                                                                       | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               |  | US        |      1346 | NS      | $39895.44     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Silver Lake Resources Ltd                          | Silver Lake Resources Ltd                                                                                                                  | CUSIP: 000000000<br>LEI: 254900Z1BWS584OIKJ61 | Long             | EC               | CORP              | AU        |     17622 | NS      | $14344.86     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ConocoPhillips                                     | ConocoPhillips                                                                                                                             | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      1104 | NS      | $130272.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Karora Resources Inc                               | Karora Resources Inc                                                                                                                       | CUSIP: 48575L206<br>LEI: 549300S6PWY0YYVHMC70 | Long             | EC               | CORP              | CA        |       662 | NS      | $2273.49      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-17

**Name of Applicant:** MORGAN STANLEY INSTITUTIONAL FUND INC

**Signature:** Francis Smith

**Name of Signer:** Francis Smith

**Title:** Principal Financial Officer