# EDGAR Filing Document

**Accession Number:** 0001557156
**File Stem:** 0001752724-25-146904
**Filing Date:** 2025-6
**Character Count:** 70647
**Document Hash:** 8aa693d9a2824a682a64c93eec99add0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-146904.hdr.sgml**: 20250617

**ACCESSION NUMBER**: 0001752724-25-146904

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250617

**DATE AS OF CHANGE**: 20250617

**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:** 251052705

**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:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1369728236.81

**Total Liabilities:** $533126115.85

**Net Assets:** $836602120.96

**Cash Not Reported:** $2660639.95

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000154943 | 2.90%                | 0.60%                | 2.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-912299.09              | $21977467.62                               |
| Month 2  | $3056830.88              | $-703539.24                                |
| Month 3  | $1696300.49              | $13520881.23                               |

### Schedule of Portfolio Investments

| Name                                                   | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LondonMetric Property PLC                              | LondonMetric Property PLC                              | CUSIP: 000000000<br>LEI: 213800OCERWWPQDURL87 | Long             | EC               |  | GB        |    991817 | NS      | $2544714.94   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Global Medical REIT Inc                                | Global Medical REIT Inc                                | CUSIP: 37954A204<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EC               |  | US        |     59174 | NS      | $458006.76    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors Inc                         | Omega Healthcare Investors Inc                         | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               |  | US        |      3077 | NS      | $120156.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                                     | Equity Residential                                     | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               |  | US        |    110998 | NS      | $7798719.48   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Orix JREIT Inc                                         | Orix JREIT Inc                                         | CUSIP: 000000000<br>LEI: 353800WVNTBIU65TA247 | Long             | EC               |  | JP        |      1816 | NS      | $2287207.02   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Wihlborgs Fastigheter AB                               | Wihlborgs Fastigheter AB                               | CUSIP: 000000000<br>LEI: 549300RC1YDJPITF8X06 | Long             | EC               | CORP              | SE        |    221080 | NS      | $2293122.59   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Welltower Inc                                          | Welltower Inc                                          | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               |  | US        |    191260 | NS      | $29184363.40  | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV         | Grupo Aeroportuario del Centro Norte SAB de CV         | CUSIP: 400501102<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |      6700 | NS      | $596099.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chartwell Retirement Residences                        | Chartwell Retirement Residences                        | CUSIP: 16141A103<br>LEI: 549300M7UBEIZBWP4069 | Long             | EC               | CORP              | CA        |    199762 | NS      | $2508254.91   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc                            | American Water Works Co Inc                            | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     21817 | NS      | $3207317.17   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Swire Properties Ltd                                   | Swire Properties Ltd                                   | CUSIP: 000000000<br>LEI: 5299001L12PHYVQ92465 | Long             | EC               | CORP              | HK        |    586800 | NS      | $1296811.43   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Realty Income Corp                                     | Realty Income Corp                                     | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               |  | US        |     21887 | NS      | $1266381.82   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Catena AB                                              | Catena AB                                              | CUSIP: 000000000<br>LEI: 549300EMLM7AH5LDLY65 | Long             | EC               | CORP              | SE        |     45260 | NS      | $2130674.30   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Essential Properties Realty Trust Inc                  | Essential Properties Realty Trust Inc                  | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               |  | US        |    117456 | NS      | $3778559.52   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Scentre Group                                          | Scentre Group                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   1939157 | NS      | $4492529.81   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| UDR Inc                                                | UDR Inc                                                | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               |  | US        |     28992 | NS      | $1214184.96   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Terna - Rete Elettrica Nazionale                       | Terna - Rete Elettrica Nazionale                       | CUSIP: 000000000<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |    191940 | NS      | $1908614.57   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Ventas Inc                                             | Ventas Inc                                             | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |    146181 | NS      | $10244364.48  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa House REIT Investment Corp                       | Daiwa House REIT Investment Corp                       | CUSIP: 000000000<br>LEI: 3538001FWU534P8JMO05 | Long             | EC               |  | JP        |       846 | NS      | $1417026.99   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Italgas SpA                                            | Italgas SpA                                            | CUSIP: 000000000<br>LEI: 815600F25FF44EF1FA76 | Long             | EC               | CORP              | IT        |    123561 | NS      | $1015179.35   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Aeroports de Paris SA                                  | Aeroports de Paris SA                                  | CUSIP: 000000000<br>LEI: 969500PJMBSFHYC37989 | Long             | EC               | CORP              | FR        |      9643 | NS      | $1205825.66   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyera Corp                                            | Keyera Corp                                            | CUSIP: 493271100<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |    108870 | NS      | $3379187.07   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV              | Grupo Aeroportuario del Sureste SAB de CV              | CUSIP: 000000000<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |     68027 | NS      | $2154919.69   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                                   | WEC Energy Group Inc                                   | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     15136 | NS      | $1657694.72   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust Inc                             | Americold Realty Trust Inc                             | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               |  | US        |    280568 | NS      | $5426185.12   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                                   | Regency Centers Corp                                   | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               |  | US        |    118978 | NS      | $8587832.04   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                                   | Williams Cos Inc/The                                   | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    389570 | NS      | $22817114.90  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Fudosan Co Ltd                                  | Mitsui Fudosan Co Ltd                                  | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |   1162233 | NS      | $11518480.56  | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Severn Trent PLC                                       | Severn Trent PLC                                       | CUSIP: 000000000<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |     78193 | NS      | $2908565.33   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaga Nasional Bhd                                    | Tenaga Nasional Bhd                                    | CUSIP: 000000000<br>LEI: 549300FV8X6UID6I1413 | Long             | EC               | CORP              | MY        |    367800 | NS      | $1182896.20   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Cheniere Energy Inc                                    | Cheniere Energy Inc                                    | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     23314 | NS      | $5388098.54   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                          | PURCHASED USD / SOLD JPY                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $278.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Keppel DC REIT                                         | Keppel DC REIT                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | SG        |   2072355 | NS      | $3428596.40   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Mapletree Logistics Trust                              | Mapletree Logistics Trust                              | CUSIP: 000000000<br>LEI: 549300M9EBZIYH387075 | Long             | EC               |  | SG        |   1522439 | NS      | $1310106.49   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Atmos Energy Corp                                      | Atmos Energy Corp                                      | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     26374 | NS      | $4236455.62   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                                               | PPL Corp                                               | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     66713 | NS      | $2435024.50   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                            | Exelon Corp                                            | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    339056 | NS      | $15901726.40  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Merlin Properties Socimi SA                            | Merlin Properties Socimi SA                            | CUSIP: 000000000<br>LEI: 959800L8KD863DP30X04 | Long             | EC               |  | ES        |    218435 | NS      | $2477112.32   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Venture Global Inc                                     | Venture Global Inc                                     | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |    168519 | NS      | $1413874.41   | 0.17%             |  |  |  | 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        |    148416 | NS      | $3017297.28   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Hotel REIT Investment Corp                       | Japan Hotel REIT Investment Corp                       | CUSIP: 000000000<br>LEI: 353800L8KG849FP1JI68 | Long             | EC               |  | JP        |      1844 | NS      | $911876.61    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Prologis Inc                                           | Prologis Inc                                           | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |    171503 | NS      | $17527606.60  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong & China Gas Co Ltd                           | Hong Kong & China Gas Co Ltd                           | CUSIP: 000000000<br>LEI: 254900P7BETXGC7YU827 | Long             | EC               | CORP              | HK        |   1409200 | NS      | $1267960.93   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Enbridge Inc                                           | Enbridge Inc                                           | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    379078 | NS      | $17727519.70  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                                  | American Homes 4 Rent                                  | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |    194787 | NS      | $7283085.93   | 0.87%             |  |  |  | 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        |    142774 | NS      | $508542.05    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Gas Co Ltd                                       | Tokyo Gas Co Ltd                                       | CUSIP: 000000000<br>LEI: 353800678EIJLOQSWZ83 | Long             | EC               | CORP              | JP        |    102100 | NS      | $3392047.30   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Gaming and Leisure Properties Inc                      | Gaming and Leisure Properties Inc                      | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               |  | US        |     60869 | NS      | $2913190.34   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Realty & Development Co Ltd                   | Sumitomo Realty & Development Co Ltd                   | CUSIP: 000000000<br>LEI: 353800SO2DCLOI3LNZ64 | Long             | EC               | CORP              | JP        |     98865 | NS      | $3682352.56   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Unibail-Rodamco-Westfield                              | Unibail-Rodamco-Westfield                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | FR        |     55378 | NS      | $4688027.07   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| DT Midstream Inc                                       | DT Midstream Inc                                       | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44063 | NS      | $4282923.60   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodman Group                                          | Goodman Group                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    558943 | NS      | $10700312.86  | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Santos Brasil Participacoes SA                         | Santos Brasil Participacoes SA                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    617313 | NS      | $1472810.06   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| South Bow Corp                                         | South Bow Corp                                         | CUSIP: 83671M105<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |     76444 | NS      | $1888088.06   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ENN Energy Holdings Ltd                                | ENN Energy Holdings Ltd                                | CUSIP: 000000000<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | KY        |    453800 | NS      | $3582468.33   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel SpA                                               | Enel SpA                                               | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    278430 | NS      | $2411067.18   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                                   | Targa Resources Corp                                   | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     42672 | NS      | $7292644.80   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                                    | American Tower Corp                                    | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |    130461 | NS      | $29407214.01  | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Residence Investment Corp                      | Advance Residence Investment Corp                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |       969 | NS      | $998464.06    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Pembina Pipeline Corp                                  | Pembina Pipeline Corp                                  | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |    324374 | NS      | $12399905.55  | 1.48%             |  |  |  | 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        |    103625 | NS      | $1153059.26   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities Inc                    | Alexandria Real Estate Equities Inc                    | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               |  | US        |       655 | NS      | $47592.30     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp                             | Pinnacle West Capital Corp                             | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     34461 | NS      | $3279997.98   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Investment Ltd/Singapore                    | CapitaLand Investment Ltd/Singapore                    | CUSIP: 000000000<br>LEI: 254900AT4UQDU7SNXX49 | Long             | EC               | CORP              | SG        |    311169 | NS      | $655817.08    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Shurgard Self Storage Ltd                              | Shurgard Self Storage Ltd                              | CUSIP: 000000000<br>LEI: 549300J0UEIKU81XO336 | Long             | EC               |  | GG        |     48256 | NS      | $2002193.41   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Assets Holdings Ltd                              | Power Assets Holdings Ltd                              | CUSIP: 000000000<br>LEI: 254900JOWYUW1ZX4DF47 | Long             | EC               | CORP              | HK        |    153500 | NS      | $1015125.61   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryman Hospitality Properties Inc                       | Ryman Hospitality Properties Inc                       | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               |  | US        |     47513 | NS      | $4178768.35   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                          | PURCHASED USD / SOLD JPY                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-95.88       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Entergy Corp                                           | Entergy Corp                                           | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     22876 | NS      | $1902596.92   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Safestore Holdings PLC                                 | Safestore Holdings PLC                                 | CUSIP: 000000000<br>LEI: 213800WGA3YSJC1YOH73 | Long             | EC               |  | GB        |    161022 | NS      | $1355253.63   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Stockland                                              | Stockland                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   2195315 | NS      | $7714854.10   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Lineage Inc                                            | Lineage Inc                                            | CUSIP: 53566V106<br>LEI: N/A                  | Long             | EC               |  | US        |      2808 | NS      | $135429.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                                 | Sempra                                                 | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     82438 | NS      | $6122670.26   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| GLP J-Reit                                             | GLP J-Reit                                             | CUSIP: 000000000<br>LEI: 353800E27V9KA51K2I90 | Long             | EC               |  | JP        |      4061 | NS      | $3502801.26   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Crown Castle Inc                                       | Crown Castle Inc                                       | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |    105024 | NS      | $11107338.24  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                             | Brixmor Property Group Inc                             | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               |  | US        |     88168 | NS      | $2196264.88   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Wharf Real Estate Investment Co Ltd                    | Wharf Real Estate Investment Co Ltd                    | CUSIP: 000000000<br>LEI: 529900QLPKS8U9QOPB59 | Long             | EC               | CORP              | KY        |    336000 | NS      | $803560.62    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Accommodations Fund Inc                         | Nippon Accommodations Fund Inc                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      2781 | NS      | $2268660.06   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd                            | Sun Hung Kai Properties Ltd                            | CUSIP: 000000000<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |    462162 | NS      | $4384258.97   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| CapitaLand Ascendas REIT                               | CapitaLand Ascendas REIT                               | CUSIP: 000000000<br>LEI: 549300ILIBAEMQZK3L20 | Long             | EC               |  | SG        |   1059427 | NS      | $2158749.81   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| COPT Defense Properties                                | COPT Defense Properties                                | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               |  | US        |     40214 | NS      | $1049987.54   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                         | Public Storage                                         | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               |  | US        |     13731 | NS      | $4125204.33   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc                           | American Healthcare REIT Inc                           | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               |  | US        |    241085 | NS      | $7782223.80   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom SA                                     | Cellnex Telecom SA                                     | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |    358308 | NS      | $14500491.51  | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXTDC Ltd                                             | NEXTDC Ltd                                             | CUSIP: 000000000<br>LEI: 529900RTERU3X7G3D672 | Long             | EC               | CORP              | AU        |    551065 | NS      | $4183868.84   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Elia Group SA/NV                                       | Elia Group SA/NV                                       | CUSIP: 000000000<br>LEI: 549300S1MP1NFDIKT460 | Long             | EC               | CORP              | BE        |      9803 | NS      | $1062836.66   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Osaka Gas Co Ltd                                       | Osaka Gas Co Ltd                                       | CUSIP: 000000000<br>LEI: 353800024KMNOPQRWZ02 | Long             | EC               | CORP              | JP        |     78200 | NS      | $1983000.21   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Sunstone Hotel Investors Inc                           | Sunstone Hotel Investors Inc                           | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               |  | US        |    118400 | NS      | $987456.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                                  | Waste Connections Inc                                  | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      6998 | NS      | $1382087.23   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc                                | Consolidated Edison Inc                                | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     58622 | NS      | $6609630.50   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Vopak NV                                   | Koninklijke Vopak NV                                   | CUSIP: 000000000<br>LEI: 724500UL634GFV1KYF10 | Long             | EC               | CORP              | NL        |     41794 | NS      | $1728209.97   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| EPR Properties                                         | EPR Properties                                         | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               |  | US        |     69435 | NS      | $3436338.15   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc                               | Broadstone Net Lease Inc                               | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               |  | US        |    125971 | NS      | $2038210.78   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Link REIT                                              | Link REIT                                              | CUSIP: 000000000<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               |  | HK        |    794880 | NS      | $3721513.04   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Sabra Health Care REIT Inc                             | Sabra Health Care REIT Inc                             | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               |  | US        |    178782 | NS      | $3191258.70   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| East Japan Railway Co                                  | East Japan Railway Co                                  | CUSIP: 000000000<br>LEI: 353800SENYJ2DSM6PS44 | Long             | EC               | CORP              | JP        |     44100 | NS      | $955950.06    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Real Estate Investment Corp                      | Japan Real Estate Investment Corp                      | CUSIP: 000000000<br>LEI: 3538003YAIR3CBGJJ928 | Long             | EC               |  | JP        |       778 | NS      | $617430.68    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Grainger PLC                                           | Grainger PLC                                           | CUSIP: 000000000<br>LEI: 2138007CEIRKZMNI2979 | Long             | EC               | CORP              | GB        |    649847 | NS      | $1864376.95   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| InterRent Real Estate Investment Trust                 | InterRent Real Estate Investment Trust                 | CUSIP: 46071W205<br>LEI: N/A                  | Long             | EC               |  | CA        |    328155 | NS      | $2687414.73   | 0.32%             |  |  |  | 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        |  18160884 | NS      | $18160884.05  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Gas Group Ltd                          | China Resources Gas Group Ltd                          | CUSIP: 000000000<br>LEI: 529900A0E1J5JSOKEK83 | Long             | EC               | CORP              | BM        |    195900 | NS      | $547227.19    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| First Industrial Realty Trust Inc                      | First Industrial Realty Trust Inc                      | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               |  | US        |     67043 | NS      | $3189905.94   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors Inc                          | National Health Investors Inc                          | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               |  | US        |     19453 | NS      | $1472008.51   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Metropolitan Fund Invest                         | Japan Metropolitan Fund Invest                         | CUSIP: 000000000<br>LEI: 353800QDHNIP60E1LQ93 | Long             | EC               |  | JP        |       830 | NS      | $553011.84    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Frasers Logistics & Commercial Trust                   | Frasers Logistics & Commercial Trust                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | SG        |    395438 | NS      | $271245.76    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Essex Property Trust Inc                               | Essex Property Trust Inc                               | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |     38742 | NS      | $10814829.30  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Building Fund Inc                               | Nippon Building Fund Inc                               | CUSIP: 000000000<br>LEI: 52990053R8NL2MB32172 | Long             | EC               |  | JP        |      4591 | NS      | $4261408.78   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Prologis REIT Inc                               | Nippon Prologis REIT Inc                               | CUSIP: 000000000<br>LEI: 353800PHBMSDLAFURY41 | Long             | EC               |  | JP        |       960 | NS      | $1587671.54   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| SES SA                                                 | SES SA                                                 | CUSIP: 000000000<br>LEI: 5493008JPA4HYMH1HX51 | Long             | EC               | CORP              | LU        |    146185 | NS      | $775072.51    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| PSP Swiss Property AG                                  | PSP Swiss Property AG                                  | CUSIP: 000000000<br>LEI: 50670042Y437P8X44F56 | Long             | EC               | CORP              | CH        |      9434 | NS      | $1679917.38   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| CapitaLand Integrated Commercial Trust                 | CapitaLand Integrated Commercial Trust                 | CUSIP: 000000000<br>LEI: 54930031292WUTXF0L29 | Long             | EC               |  | SG        |   1612666 | NS      | $2653964.72   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Evergy Inc                                             | Evergy Inc                                             | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     35031 | NS      | $2420642.10   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                                      | Iron Mountain Inc                                      | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |     88247 | NS      | $7913108.49   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                                   | Vornado Realty Trust                                   | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               |  | US        |     48402 | NS      | $1707622.56   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                              | PG&E Corp                                              | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    761436 | NS      | $12578922.72  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp                               | Curbline Properties Corp                               | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               |  | US        |     73349 | NS      | $1678958.61   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc                                        | TXNM Energy Inc                                        | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |     32509 | NS      | $1729478.80   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                                | SBA Communications Corp                                | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |     13203 | NS      | $3213610.20   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirvac Group                                           | Mirvac Group                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   1657342 | NS      | $2417484.97   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| United Utilities Group PLC                             | United Utilities Group PLC                             | CUSIP: 000000000<br>LEI: 2138002IEYQAOC88ZJ59 | Long             | EC               | CORP              | GB        |    108060 | NS      | $1624612.90   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| GFL Environmental Inc                                  | GFL Environmental Inc                                  | CUSIP: 36168Q104<br>LEI: 549300FYK4MBXWIVZU26 | Long             | EC               | CORP              | CA        |     27706 | NS      | $1382529.40   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                                      | Kinder Morgan Inc                                      | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    230130 | NS      | $6052419.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Piedmont Office Realty Trust Inc                       | Piedmont Office Realty Trust Inc                       | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               |  | US        |    185834 | NS      | $1098278.94   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc                                 | CenterPoint Energy Inc                                 | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    288127 | NS      | $11173565.06  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Estate Co Ltd                               | Mitsubishi Estate Co Ltd                               | CUSIP: 000000000<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |    203500 | NS      | $3574675.96   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| AvalonBay Communities Inc                              | AvalonBay Communities Inc                              | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               |  | US        |     39118 | NS      | $8213997.64   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                                  | Urban Edge Properties                                  | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               |  | US        |     75408 | NS      | $1362622.56   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                                           | NiSource Inc                                           | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    235540 | NS      | $9211969.40   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                 | DJ US REAL ESTATE JUN25                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DE               |  | US        |       439 | NC      | $-194016.05   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Fastighets AB Balder                                   | Fastighets AB Balder                                   | CUSIP: 000000000<br>LEI: 549300GHKJCEZOAEUU82 | Long             | EC               | CORP              | SE        |    515709 | NS      | $3707141.98   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Hydro One Ltd                                          | Hydro One Ltd                                          | CUSIP: 448811208<br>LEI: 5493007QZDXTP1W2VL44 | Long             | EC               | CORP              | CA        |     45300 | NS      | $1742863.77   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubu Electric Power Co Inc                            | Chubu Electric Power Co Inc                            | CUSIP: 000000000<br>LEI: 529900A76GOP0PGNHT63 | Long             | EC               | CORP              | JP        |     87100 | NS      | $1131021.41   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Aena SME SA                                            | Aena SME SA                                            | CUSIP: 000000000<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |     14327 | NS      | $3599170.33   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Ameren Corp                                            | Ameren Corp                                            | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     30419 | NS      | $3018781.56   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas Inc                                            | ONE Gas Inc                                            | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     15177 | NS      | $1191546.27   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| VGP NV                                                 | VGP NV                                                 | CUSIP: 000000000<br>LEI: 315700NENYPIXFR94T49 | Long             | EC               | CORP              | BE        |       330 | NS      | $30533.66     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Gecina SA                                              | Gecina SA                                              | CUSIP: 000000000<br>LEI: 9695003E4MMA10IBTR26 | Long             | EC               |  | FR        |     15789 | NS      | $1620876.77   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| National Storage Affiliates Trust                      | National Storage Affiliates Trust                      | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               |  | US        |     69164 | NS      | $2572900.80   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Eiffage SA                                             | Eiffage SA                                             | CUSIP: 000000000<br>LEI: 969500OQXKE5WDM9M994 | Long             | EC               | CORP              | FR        |     30660 | NS      | $4171990.33   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Redeia Corp SA                                         | Redeia Corp SA                                         | CUSIP: 000000000<br>LEI: 5493009HMD0C90GUV498 | Long             | EC               | CORP              | ES        |    172635 | NS      | $3620205.60   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Tritax Big Box REIT PLC                                | Tritax Big Box REIT PLC                                | CUSIP: 000000000<br>LEI: 213800L6X88MIYPVR714 | Long             | EC               |  | GB        |    858743 | NS      | $1642678.05   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Kilroy Realty Corp                                     | Kilroy Realty Corp                                     | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               |  | US        |    108797 | NS      | $3428193.47   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITE Group PLC/The                                    | UNITE Group PLC/The                                    | CUSIP: 000000000<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               |  | GB        |    455329 | NS      | $5231286.36   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| VICI Properties Inc                                    | VICI Properties Inc                                    | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |    285556 | NS      | $9143503.12   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                                 | RWE AG                                                 | CUSIP: 000000000<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |     36213 | NS      | $1406300.97   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                               | Vinci SA                                               | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |    163337 | NS      | $22943510.28  | 2.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Simon Property Group Inc                               | Simon Property Group Inc                               | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |     72204 | NS      | $11363465.52  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                                         | TC Energy Corp                                         | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    407771 | NS      | $20601516.14  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Smartstop Self Storage REIT Inc                        | Smartstop Self Storage REIT Inc                        | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               |  | US        |     44908 | NS      | $1578067.12   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc                                   | Kinetik Holdings Inc                                   | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29082 | NS      | $1202249.88   | 0.14%             |  |  |  | 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        |     13760 | NS      | $2827817.60   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurizon Holdings Ltd                                   | Aurizon Holdings Ltd                                   | CUSIP: 000000000<br>LEI: 5299005PC1O6NOWL3H48 | Long             | EC               | CORP              | AU        |    231037 | NS      | $452304.24    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Klepierre SA                                           | Klepierre SA                                           | CUSIP: 000000000<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               |  | FR        |    230949 | NS      | $8453462.99   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| RioCan Real Estate Investment Trust                    | RioCan Real Estate Investment Trust                    | CUSIP: 766910103<br>LEI: 549300S8HVUSEU3JBY60 | Long             | EC               |  | CA        |     24873 | NS      | $310686.97    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                                   | LXP Industrial Trust                                   | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               |  | US        |     16629 | NS      | $131202.81    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleanaway Waste Management Ltd                         | Cleanaway Waste Management Ltd                         | CUSIP: 000000000<br>LEI: 549300D5C72CV6CIBS66 | Long             | EC               | CORP              | AU        |    823518 | NS      | $1370503.86   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| China Tower Corp Ltd                                   | China Tower Corp Ltd                                   | CUSIP: 000000000<br>LEI: 300300T6BNNP0L7O7H91 | Long             | EC               | CORP              | CN        |    993100 | NS      | $1438482.22   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Transurban Group                                       | Transurban Group                                       | CUSIP: 000000000<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |    291144 | NS      | $2623607.17   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Agree Realty Corp                                      | Agree Realty Corp                                      | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               |  | US        |     85303 | NS      | $6620365.83   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Apartment Properties REIT                     | Canadian Apartment Properties REIT                     | CUSIP: 134921105<br>LEI: 549300B1MYVTQEB2DI90 | Long             | EC               |  | CA        |     59829 | NS      | $1827071.59   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Mapletree Industrial Trust                             | Mapletree Industrial Trust                             | CUSIP: 000000000<br>LEI: 549300R7WZFHXNKDJF41 | Long             | EC               |  | SG        |    926400 | NS      | $1433028.95   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| National Storage REIT                                  | National Storage REIT                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   1843453 | NS      | $2710639.60   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| EastGroup Properties Inc                               | EastGroup Properties Inc                               | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               |  | US        |     14161 | NS      | $2314190.62   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Auckland International Airport Ltd                     | Auckland International Airport Ltd                     | CUSIP: 000000000<br>LEI: 549300HFZIZDJWB7AK60 | Long             | EC               | CORP              | NZ        |    359731 | NS      | $1606874.91   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Sekisui House Reit Inc                                 | Sekisui House Reit Inc                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      2714 | NS      | $1464146.81   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Kunlun Energy Co Ltd                                   | Kunlun Energy Co Ltd                                   | CUSIP: 000000000<br>LEI: 5299007GRIKP15GM4927 | Long             | EC               | CORP              | BM        |    680000 | NS      | $648159.00    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortis Inc/Canada                                      | Fortis Inc/Canada                                      | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |     28350 | NS      | $1403927.54   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Vonovia SE                                             | Vonovia SE                                             | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |    274912 | NS      | $9118857.21   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Mid-America Apartment Communities Inc                  | Mid-America Apartment Communities Inc                  | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |     19184 | NS      | $3062725.60   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                               | Digital Realty Trust Inc                               | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |     58862 | NS      | $9449705.48   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Veris Residential Inc                                  | Veris Residential Inc                                  | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               |  | US        |    223909 | NS      | $3475067.68   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                                    | STAG Industrial Inc                                    | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               |  | US        |     62593 | NS      | $2067446.79   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Naturgy Energy Group SA                                | Naturgy Energy Group SA                                | CUSIP: 000000000<br>LEI: TL2N6M87CW970S5SV098 | Long             | EC               | CORP              | ES        |     32041 | NS      | $954567.02    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Invincible Investment Corp                             | Invincible Investment Corp                             | CUSIP: 000000000<br>LEI: 353800JY6M2692VAV685 | Long             | EC               |  | JP        |      7187 | NS      | $2970443.39   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Warehouses De Pauw CVA                                 | Warehouses De Pauw CVA                                 | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               |  | BE        |      1098 | NS      | $28045.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Segro PLC                                              | Segro PLC                                              | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               |  | GB        |    398961 | NS      | $3629210.76   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC                                      | National Grid PLC                                      | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |   1445631 | NS      | $20866383.30  | 2.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Extra Space Storage Inc                                | Extra Space Storage Inc                                | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               |  | US        |     92425 | NS      | $13542111.00  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc                          | Rexford Industrial Realty Inc                          | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               |  | US        |     94618 | NS      | $3131855.80   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp                                   | SL Green Realty Corp                                   | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               |  | US        |     38477 | NS      | $2024274.97   | 0.24%             |  |  |  | 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        |     35108 | NS      | $2326662.17   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Healthcare Realty Trust Inc                            | Healthcare Realty Trust Inc                            | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |    151429 | NS      | $2351692.37   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                            | Equinix Inc                                            | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |     32575 | NS      | $28038931.25  | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| International Container Terminal Services Inc          | International Container Terminal Services Inc          | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |    202020 | NS      | $1235590.97   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Healthpeak Properties Inc                              | Healthpeak Properties Inc                              | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               |  | US        |    201791 | NS      | $3599951.44   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc                                 | Cousins Properties Inc                                 | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               |  | US        |     82380 | NS      | $2268745.20   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Prime Site AG                                    | Swiss Prime Site AG                                    | CUSIP: 000000000<br>LEI: 506700XI9H64OPR34158 | Long             | EC               | CORP              | CH        |      5368 | NS      | $756920.30    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Equity LifeStyle Properties Inc                        | Equity LifeStyle Properties Inc                        | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |     50832 | NS      | $3292896.96   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                                              | ONEOK Inc                                              | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     56938 | NS      | $4678026.08   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc                                   | Invitation Homes Inc                                   | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               |  | US        |    180435 | NS      | $6169072.65   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennon Group PLC                                       | Pennon Group PLC                                       | CUSIP: 000000000<br>LEI: 213800V1CCTS41GWH423 | Long             | EC               | CORP              | GB        |    296679 | NS      | $1986069.24   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia Paranaense de Energia - Copel                      | Cia Paranaense de Energia - Copel                      | CUSIP: 000000000<br>LEI: 2549001AS1I9A71VG663 | Long             | EC               | CORP              | BR        |    455997 | NS      | $838851.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

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

**Signature:** Peter Fortner

**Name of Signer:** Peter Fortner

**Title:** Vice President