# EDGAR Filing Document

**Accession Number:** 0000891290
**File Stem:** 0001752724-23-047864
**Filing Date:** 2023-2
**Character Count:** 78279
**Document Hash:** fc1e3e27d2e22c980e601a7a0786b179
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-047864.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-047864

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COHEN & STEERS TOTAL RETURN REALTY FUND INC
- **CENTRAL INDEX KEY:** 0000891290
- **IRS NUMBER:** 133680664
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07154
- **FILM NUMBER:** 23686433

**BUSINESS ADDRESS:**
- **STREET 1:** 280 PARK AVENUE
- **STREET 2:** 10TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 2128323232

**MAIL ADDRESS:**
- **STREET 1:** 280 PARK AVENUE
- **STREET 2:** 10TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COHEN & STEERS OPPORTUNITY TRUST INC
- **DATE OF NAME CHANGE:** 19930714

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** COHEN & STEERS TOTAL RETURN REALTY FUND INC

- **b. Investment Company Act file number:** 811-07154

- **c. CIK number of Registrant:** 0000891290

- **d. LEI of Registrant:** GX4NWLLSAEWW78DPBS49

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

  - **Street Address 1:** 280 PARK AVENUE

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

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

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

- **a. Name of Series:** COHEN & STEERS TOTAL RETURN REALTY FUND INC

- **c. LEI of Series:** GX4NWLLSAEWW78DPBS49

**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:** $314025304.32

**Total Liabilities:** $8066646.38

**Net Assets:** $305958657.94

**Cash Not Reported:** $23487.30

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 3.84%                | 5.25%                | -3.43%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-486093.95              | $4673247.95                                |
| Month 2  | $692340.64               | $15910087.79                               |
| Month 3  | $107764.06               | $-15232130.28                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T INC                                              | AT&T Inc                                                              | CUSIP: 00206R706<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |     18000 | NS      | $313920.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                                 | Wells Fargo & Co                                                      | CUSIP: 949746RN3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    400000 | PA      | $387000.00    | 0.13%             | 2025-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Public Storage                                        | Public Storage                                                        | CUSIP: 74460W628<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               |  | US        |      4981 | NS      | $100367.15    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties Inc                                    | UMH Properties Inc                                                    | CUSIP: 903002509<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EP               |  | US        |     18731 | NS      | $416764.75    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                               | Kite Realty Group Trust                                               | CUSIP: 76131VAB9<br>LEI: 549300OVTYLM7DH6CM14 | Long             | DBT              |  | US        |    900000 | PA      | $794628.08    | 0.26%             | 2030-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                   | American Express Co                                                   | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    219000 | PA      | $180456.00    | 0.06%             | 2026-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Welltower Inc                                         | Welltower Inc                                                         | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               |  | US        |    246089 | NS      | $16131133.95  | 5.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties Inc                              | Highwoods Properties Inc                                              | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               |  | US        |     71119 | NS      | $1989909.62   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                              | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp    | CUSIP: 505742AP1<br>LEI: N/A                  | Long             | DBT              |  | US        |    300000 | PA      | $242649.00    | 0.08%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp                                    | Realty Income Corp                                                    | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               |  | US        |    247251 | NS      | $15683130.93  | 5.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES                                | PNC Financial Services Group Inc/The                                  | CUSIP: 693475BF1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    700000 | PA      | $685825.00    | 0.22%             | 2027-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                  | Bank of America Corp                                                  | CUSIP: 060505EN0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    567000 | PA      | $547549.07    | 0.18%             | 2025-03-17      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                               | Goldman Sachs Group Inc/The                                           | CUSIP: 38141GYU2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    400000 | PA      | $333461.34    | 0.11%             | 2026-11-10      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LEGACY GATEWAY JV LLC                                 | LEGACY GATEWAY JV LLC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | US        |         0 | OU      | $3705012.91   | 1.21%             |  |  |  | No            |                  3 | On Loan: No      |
| CENTERSPACE                                           | Centerspace                                                           | CUSIP: 15202L206<br>LEI: 5493002LG2SH9EEHT720 | Long             | EP               |  | US        |     19695 | NS      | $497298.75    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                   | JPMorgan Chase & Co                                                   | CUSIP: 48128B549<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     22843 | NS      | $430362.12    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                                       | CMS Energy Corp                                                       | CUSIP: 125896852<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |     17000 | NS      | $377060.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                               | UDR Inc                                                               | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               |  | US        |    189607 | NS      | $7343479.11   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MARKEL CORP                                           | Markel Corp                                                           | CUSIP: 570535AW4<br>LEI: 549300SCNO12JLWIK605 | Long             | DBT              | CORP              | US        |    350000 | PA      | $339062.50    | 0.11%             | 2025-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                               | KeyCorp                                                               | CUSIP: 493267843<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |      6000 | NS      | $147180.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES SCHWAB CORP                                   | Charles Schwab Corp/The                                               | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $399350.00    | 0.13%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                | REALTY INCOME CORP                                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -104 | NC      | $-520.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                  | Bank of America Corp                                                  | CUSIP: 060505EH3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    875000 | PA      | $842503.26    | 0.28%             | 2024-09-05      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                | PROLOGIS INC                                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -66 | NC      | $-7590.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                                              | AT&T Inc                                                              | CUSIP: 000000000<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    500000 | PA      | $481171.33    | 0.16%             | 2025-03-02      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Ventas Inc                                            | Ventas Inc                                                            | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |     41692 | NS      | $1878224.60   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA ENERGY                                         | Sempra Energy                                                         | CUSIP: 816851604<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EP               | CORP              | US        |      9984 | NS      | $215953.92    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES LP                                    | VICI Properties LP                                                    | CUSIP: 925650AD5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |    375000 | PA      | $347953.13    | 0.11%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE/GLOBAL                               | Global Net Lease Inc / Global Net Lease Operating Partnership LP      | CUSIP: 37892AAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    300000 | PA      | $248525.03    | 0.08%             | 2027-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                   | JPMorgan Chase & Co                                                   | CUSIP: 46625HJQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1076506.20   | 0.35%             | 2024-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                                    | Vodafone Group PLC                                                    | CUSIP: 92857WBW9<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $594857.05    | 0.19%             | 2081-06-04      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                         | Citigroup Inc                                                         | CUSIP: 172967JM4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    400000 | PA      | $360780.00    | 0.12%             | 2025-05-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                         | Citigroup Inc                                                         | CUSIP: 172967KM2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    430000 | PA      | $418175.00    | 0.14%             | 2026-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Americold Realty Trust Inc                            | Americold Realty Trust Inc                                            | CUSIP: 03064D108<br>LEI: 549300R7N1V5YV8MWH02 | Long             | EC               |  | US        |    210861 | NS      | $5969474.91   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                                 | Wells Fargo & Co                                                      | CUSIP: 94988U151<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     18400 | NS      | $337088.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Banking Group PLC                              | Lloyds Banking Group PLC                                              | CUSIP: 539439AG4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $388600.00    | 0.13%             | 2024-06-27      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                        | Public Storage                                                        | CUSIP: 74460W594<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               |  | US        |       268 | NS      | $5172.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL STORAGE AFFILIA                              | National Storage Affiliates Trust                                     | CUSIP: 637870205<br>LEI: N/A                  | Long             | EP               |  | US        |     15031 | NS      | $336018.01    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GREEN BRICK PARTNERS INC                              | Green Brick Partners Inc                                              | CUSIP: 392709200<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EP               | CORP              | US        |      6230 | NS      | $121235.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                               | Pebblebrook Hotel Trust                                               | CUSIP: 70509V704<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               |  | US        |     28944 | NS      | $515203.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                  | Bank of America Corp                                                  | CUSIP: 060505229<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     24869 | NS      | $594866.48    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGENTUM (ZURICH INS)                                 | Argentum Netherlands BV for Zurich Insurance Co Ltd                   | CUSIP: 000000000<br>LEI: 50ZCTKCMUDIABGHX3R52 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $363864.00    | 0.12%             | 2048-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                               | Algonquin Power & Utilities Corp                                      | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $324578.00    | 0.11%             | 2082-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sun Communities Inc                                   | Sun Communities Inc                                                   | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |     46013 | NS      | $6579859.00   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON PROPERTIES LP                                  | Boston Properties LP                                                  | CUSIP: 10112RBG8<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |    105000 | PA      | $108451.15    | 0.04%             | 2027-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust Inc                              | Digital Realty Trust Inc                                              | CUSIP: 253868830<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               |  | US        |     16005 | NS      | $365074.05    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                          | Prologis Inc                                                          | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |    229517 | NS      | $25873451.41  | 8.46%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                                 | American Homes 4 Rent                                                 | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |     79252 | NS      | $2388655.28   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                                        | Public Storage                                                        | CUSIP: 74460W461<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               |  | US        |     33847 | NS      | $562875.61    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                              | Brandywine Operating Partnership LP                                   | CUSIP: 105340AR4<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |    200000 | PA      | $196481.27    | 0.06%             | 2028-03-15      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| ESSENTIAL PROPER                                      | Essential Properties LP                                               | CUSIP: 29670VAA7<br>LEI: 254900XX9FNFCDE1NX02 | Long             | DBT              | CORP              | US        |    200000 | PA      | $145892.54    | 0.05%             | 2031-07-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                           | BNP Paribas SA                                                        | CUSIP: 05565AHN6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    600000 | PA      | $581841.49    | 0.19%             | 2024-03-25      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                   | JPMorgan Chase & Co                                                   | CUSIP: 48128B655<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     25000 | NS      | $584750.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                         | Citigroup Inc                                                         | CUSIP: 172967GD7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    430000 | PA      | $426882.50    | 0.14%             | 2023-01-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                 | Wells Fargo & Co                                                      | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $980996.80    | 0.32%             | 2026-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| SUNSTONE HOTEL INVESTORS                              | Sunstone Hotel Investors Inc                                          | CUSIP: 867892804<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               |  | US        |     14000 | NS      | $271600.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                                       | CMS Energy Corp                                                       | CUSIP: 125896845<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |     20000 | NS      | $448000.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| QBE Insurance Group Ltd                               | QBE Insurance Group Ltd                                               | CUSIP: 000000000<br>LEI: 549300D2FBW76FPUSG65 | Long             | DBT              | CORP              | AU        |    606000 | PA      | $591827.92    | 0.19%             | 2044-12-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                                   | American Tower Corp                                                   | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |     92724 | NS      | $19644506.64  | 6.42%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                                         | DTE Energy Co                                                         | CUSIP: 233331859<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |     12000 | NS      | $254400.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AVALONBAY COMMUNITIES                                 | AvalonBay Communities Inc                                             | CUSIP: 053484AD3<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |    225000 | PA      | $222107.26    | 0.07%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                          | Enbridge Inc                                                          | CUSIP: 29250NBN4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    340000 | PA      | $331313.92    | 0.11%             | 2083-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                  | Bank of America Corp                                                  | CUSIP: 06055HAB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    620000 | PA      | $609925.00    | 0.20%             | 2027-04-27      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                   | JPMorgan Chase & Co                                                   | CUSIP: 48126HAC4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    430000 | PA      | $418774.85    | 0.14%             | 2024-10-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                                | Regions Financial Corp                                                | CUSIP: 7591EPAR1<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195446.00    | 0.06%             | 2025-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SITE Centers Corp                                     | SITE Centers Corp                                                     | CUSIP: 82981J877<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EP               |  | US        |     48952 | NS      | $1086734.40   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                                 | Wells Fargo & Co                                                      | CUSIP: 95002Y400<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |      9775 | NS      | $160994.25    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                              | Digital Realty Trust Inc                                              | CUSIP: 253868822<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               |  | US        |     10175 | NS      | $205636.75    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                                  | Vornado Realty Trust                                                  | CUSIP: 929042828<br>LEI: N/A                  | Long             | EP               |  | US        |      6815 | NS      | $109448.90    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co                                  | Lamar Advertising Co                                                  | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               |  | US        |     44713 | NS      | $4220907.20   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                                      | Crown Castle Inc                                                      | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |     67556 | NS      | $9163295.84   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                                    | Energy Transfer LP                                                    | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $172500.00    | 0.06%             | 2026-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                   | JPMorgan Chase & Co                                                   | CUSIP: 46625HJW1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244184.20    | 0.08%             | 2024-04-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                                | Credit Suisse Group AG                                                | CUSIP: 225401AX6<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    200000 | PA      | $174713.47    | 0.06%             | 2027-06-23      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Public Storage                                        | Public Storage                                                        | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               |  | US        |     44329 | NS      | $12420542.51  | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                   | JPMorgan Chase & Co                                                   | CUSIP: 48128B622<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     25000 | NS      | $481500.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc                              | Prudential Financial Inc                                              | CUSIP: 744320AM4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295158.00    | 0.10%             | 2043-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                               | American Electric Power Co Inc                                        | CUSIP: 025537AV3<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123384.75    | 0.04%             | 2027-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SAUL CENTERS INC                                      | Saul Centers Inc                                                      | CUSIP: 804395879<br>LEI: N/A                  | Long             | EP               |  | US        |     21465 | NS      | $422645.85    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BG LLH, LLC                                           | BG LLH, LLC                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | US        |     21740 | NS      | $2048995.00   | 0.67%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SOUTHERN CAL EDISON                                   | Southern California Edison Co                                         | CUSIP: 842400HS5<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257764.08    | 0.08%             | 2027-11-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts Inc                             | Host Hotels & Resorts Inc                                             | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               |  | US        |    304256 | NS      | $4883308.80   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC                               | DigitalBridge Group Inc                                               | CUSIP: 25401T306<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |     43643 | NS      | $819179.11    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                                | CROWN CASTLE INC                                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -47 | NC      | $-5640.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NY MELLON CORP                                | Bank of New York Mellon Corp/The                                      | CUSIP: 064058AL4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    388000 | PA      | $313487.26    | 0.10%             | 2026-12-20      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                              | Prudential Financial Inc                                              | CUSIP: 744320BK7<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    300000 | PA      | $290815.31    | 0.10%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                           | Southern Co/The                                                       | CUSIP: 842587800<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |      7000 | NS      | $137480.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SVB FINANCIAL GROUP                                   | SVB Financial Group                                                   | CUSIP: 78486QAP6<br>LEI: 549300D2KJ20JMXE7542 | Long             | DBT              | CORP              | US        |    550000 | PA      | $361858.04    | 0.12%             | 2026-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                              | Corebridge Financial Inc                                              | CUSIP: 21871XAN9<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    550000 | PA      | $510779.80    | 0.17%             | 2052-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES                               | Summit Hotel Properties Inc                                           | CUSIP: 866082704<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               |  | US        |     19054 | NS      | $326395.02    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                                     | Kimco Realty Corp                                                     | CUSIP: 49446R109<br>LEI: 549300EA7I6T15IBYS12 | Long             | EC               |  | US        |    265163 | NS      | $5616152.34   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA COMMUNICATIONS CORP                               | SBA Communications Corp                                               | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |    250000 | PA      | $226303.38    | 0.07%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent                                 | American Homes 4 Rent                                                 | CUSIP: 02665T876<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EP               |  | US        |     23645 | NS      | $523973.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST LP                               | Digital Realty Trust LP                                               | CUSIP: 25389JAV8<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              |  | US        |    170000 | PA      | $171430.05    | 0.06%             | 2028-01-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Essex Property Trust Inc                              | Essex Property Trust Inc                                              | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |     10433 | NS      | $2210961.36   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                                        | EPR Properties                                                        | CUSIP: 26884U505<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               |  | US        |     16472 | NS      | $276564.88    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES                               | Summit Hotel Properties Inc                                           | CUSIP: 866082605<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               |  | US        |     31105 | NS      | $568599.40    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                                       | CMS Energy Corp                                                       | CUSIP: 125896860<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |      5162 | NS      | $112376.74    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirit Realty Capital Inc                             | Spirit Realty Capital Inc                                             | CUSIP: 84860W300<br>LEI: 549300LTU6LVPZSHMJ25 | Long             | EC               |  | US        |    119672 | NS      | $4778502.96   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                                    | Energy Transfer LP                                                    | CUSIP: 29273V605<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |     27235 | NS      | $596174.15    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                                 | Camden Property Trust                                                 | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               |  | US        |     42492 | NS      | $4754004.96   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                                    | Energy Transfer LP                                                    | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    515000 | PA      | $431312.50    | 0.14%             | 2030-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                  | Boston Properties LP                                                  | CUSIP: 10112RBF0<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |     75000 | PA      | $54153.46     | 0.02%             | 2033-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| SABRA HEALTH CARE LP                                  | Sabra Health Care LP                                                  | CUSIP: 78574MAA1<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              |  | US        |    100000 | PA      | $74635.19     | 0.02%             | 2031-12-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                                   | American Tower Corp                                                   | CUSIP: 03027XAR1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    267000 | PA      | $245856.10    | 0.08%             | 2028-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                              | AT&T Inc                                                              | CUSIP: 00206R508<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |     15000 | NS      | $275250.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES LP                                    | VICI Properties LP                                                    | CUSIP: 925650AE3<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |    200000 | PA      | $177203.00    | 0.06%             | 2052-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LXP INDUSTRIAL TRUST                                  | LXP Industrial Trust                                                  | CUSIP: 529043309<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EP               |  | US        |     17289 | NS      | $821227.50    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES / NOTE                                | VICI Properties LP / VICI Note Co Inc                                 | CUSIP: 92564RAE5<br>LEI: N/A                  | Long             | DBT              |  | US        |    594000 | PA      | $520845.93    | 0.17%             | 2030-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                           | Southern Co/The                                                       | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    535000 | PA      | $433324.01    | 0.14%             | 2051-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ARMADA HOFFLER PROPERTIE                              | Armada Hoffler Properties Inc                                         | CUSIP: 04208T207<br>LEI: 549300WQRSIV6XZT9313 | Long             | EP               |  | US        |     53000 | NS      | $1112470.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR REAL ESTATE FIN                                   | KKR Real Estate Finance Trust Inc                                     | CUSIP: 48251K209<br>LEI: 549300K23AYZDZ2REL62 | Long             | EP               |  | US        |     15001 | NS      | $247516.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                | NextEra Energy Capital Holdings Inc                                   | CUSIP: 65339KCJ7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    210000 | PA      | $206600.06    | 0.07%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                      | Deutsche Bank AG                                                      | CUSIP: 251525AN1<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    400000 | PA      | $373968.89    | 0.12%             | 2025-04-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY TRUST INC                                | Arbor Realty Trust Inc                                                | CUSIP: 038923876<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               |  | US        |      7200 | NS      | $124272.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES / NOTE                                | VICI Properties LP / VICI Note Co Inc                                 | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              |  | US        |    350000 | PA      | $327293.29    | 0.11%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                | PNC Financial Services Group Inc/The                                  | CUSIP: 693475AK1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125124.79    | 0.04%             | 2023-02-01      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                   | Charles Schwab Corp/The                                               | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1085937.50   | 0.35%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TANGER PROPERTIES LP                                  | Tanger Properties LP                                                  | CUSIP: 875484AL1<br>LEI: PQPGJDNFN35EXH363L31 | Long             | DBT              |  | US        |    225000 | PA      | $163420.47    | 0.05%             | 2031-09-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Life Storage LP                                       | Life Storage LP                                                       | CUSIP: 53227JAB0<br>LEI: X0MIGH67XZCB7HL1A534 | Long             | DBT              |  | US        |    300000 | PA      | $269414.72    | 0.09%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                               | SBA Communications Corp                                               | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |    100000 | PA      | $83324.50     | 0.03%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL REALTY INVS TRST                              | Federal Realty Investment Trust                                       | CUSIP: 313747AT4<br>LEI: 549300LI6XZ51GOCJ427 | Long             | DBT              |  | US        |    200000 | PA      | $197805.18    | 0.06%             | 2023-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SCENTRE GROUP TRUST 2                                 | Scentre Group Trust 2                                                 | CUSIP: 76025LAA2<br>LEI: 549300VRF0U0JH8TBJ74 | Long             | DBT              |  | AU        |    600000 | PA      | $538050.00    | 0.18%             | 2080-09-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                              | Hudson Pacific Properties LP                                          | CUSIP: 44409MAD8<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |    250000 | PA      | $233835.95    | 0.08%             | 2028-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| VORNADO REALTY LP                                     | Vornado Realty LP                                                     | CUSIP: 929043AK3<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              |  | US        |    150000 | PA      | $126934.32    | 0.04%             | 2026-06-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                | REALTY INCOME CORP                                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       104 | NC      | $5200.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEL FINANCE INTL NV                                  | Enel Finance International NV                                         | CUSIP: 29278GBA5<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $211957.20    | 0.07%             | 2032-10-14      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SPIRIT REALTY CAPITAL IN                              | Spirit Realty Capital Inc                                             | CUSIP: 84860W201<br>LEI: 549300LTU6LVPZSHMJ25 | Long             | EP               |  | US        |     47667 | NS      | $1060590.75   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Agricole SA                                    | Credit Agricole SA                                                    | CUSIP: 225313AL9<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $287865.00    | 0.09%             | 2024-09-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                              | Lloyds Banking Group PLC                                              | CUSIP: 539439AU3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $773765.70    | 0.25%             | 2025-09-27      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VORNADO REALTY TRUST                                  | Vornado Realty Trust                                                  | CUSIP: 929042810<br>LEI: N/A                  | Long             | EP               |  | US        |     22545 | NS      | $366130.80    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES / NOTE                                | VICI Properties LP / VICI Note Co Inc                                 | CUSIP: 92564RAJ4<br>LEI: N/A                  | Long             | DBT              |  | US        |    750000 | PA      | $732045.68    | 0.24%             | 2027-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| URSTADT BIDDLE PROPERTIE                              | Urstadt Biddle Properties Inc                                         | CUSIP: 917286874<br>LEI: 549300XXD0YL0AER3Z82 | Long             | EP               |  | US        |     25000 | NS      | $512000.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| REXFORD INDUSTRIAL REALT                              | Rexford Industrial Realty Inc                                         | CUSIP: 76169C407<br>LEI: 549300MSLO0DF0EMX355 | Long             | EP               |  | US        |     23833 | NS      | $507166.24    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                                   | VICI Properties Inc                                                   | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |     64657 | NS      | $2094886.80   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT Corp                                        | NETSTREIT Corp                                                        | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               |  | US        |    100044 | NS      | $1833806.52   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP                                 | Truist Financial Corp                                                 | CUSIP: 89832Q695<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |     15000 | NS      | $286350.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                              | Simon Property Group Inc                                              | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |    119491 | NS      | $14037802.68  | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                              | Hudson Pacific Properties Inc                                         | CUSIP: 444097307<br>LEI: N/A                  | Long             | EP               |  | US        |     28000 | NS      | $350840.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                                | REALTY INCOME CORP                                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -104 | NC      | $-1248.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust                                     | RLJ Lodging Trust                                                     | CUSIP: 74965L200<br>LEI: N/A                  | Long             | EP               |  | US        |     33675 | NS      | $801128.25    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC                               | DigitalBridge Group Inc                                               | CUSIP: 25401T405<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |     74794 | NS      | $1403135.44   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AGREE LP                                              | Agree LP                                                              | CUSIP: 008513AD5<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              |  | US        |    150000 | PA      | $139225.95    | 0.05%             | 2032-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                         | Citigroup Inc                                                         | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    400000 | PA      | $327571.60    | 0.11%             | 2026-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                        | Morgan Stanley                                                        | CUSIP: 61761J406<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     15000 | NS      | $363900.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD PROP PFD LP                                | Brookfield Property Preferred LP                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     27000 | NS      | $382590.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander SA                                    | Banco Santander SA                                                    | CUSIP: 000000000<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $195988.00    | 0.06%             | 2024-02-08      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Options Clearing Corp.                                | VICI PROPERTIES INC                                                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -205 | NC      | $-23575.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| US CELLULAR CORP                                      | United States Cellular Corp                                           | CUSIP: 911684884<br>LEI: 549300B164AZXESI6E03 | Long             | EP               | CORP              | US        |     21378 | NS      | $309125.88    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                                | AMERICAN TOWER CORP                                                   | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -30 | NC      | $-8550.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                              | AT&T Inc                                                              | CUSIP: 00206R409<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |     19118 | NS      | $433978.60    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| VODAFONE GROUP PLC                                    | VODAFONE GROUP PLC                                                    | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $672385.00    | 0.22%             | 2078-10-03      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                           | BNP Paribas SA                                                        | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    800000 | PA      | $792000.00    | 0.26%             | 2029-08-16      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SVB FINANCIAL GROUP                                   | SVB Financial Group                                                   | CUSIP: 78486QAJ0<br>LEI: 549300D2KJ20JMXE7542 | Long             | DBT              | CORP              | US        |    870000 | PA      | $575304.92    | 0.19%             | 2026-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                | PNC Financial Services Group Inc/The                                  | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    300000 | PA      | $282636.66    | 0.09%             | 2027-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                         | Citigroup Inc                                                         | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    900000 | PA      | $786258.00    | 0.26%             | 2025-12-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                          | UBS Group AG                                                          | CUSIP: 90352JAF0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    800000 | PA      | $789058.69    | 0.26%             | 2024-01-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SPIRIT REALTY LP                                      | Spirit Realty LP                                                      | CUSIP: 84861TAF5<br>LEI: 549300GTBVIBJRX5BW73 | Long             | DBT              |  | US        |    300000 | PA      | $250555.21    | 0.08%             | 2030-01-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Societe Generale                                      | Societe Generale SA                                                   | CUSIP: 83368JFA3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    800000 | PA      | $801500.00    | 0.26%             | 2025-09-29      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NECESS RETAIL/AFIN OP LP                              | Necessity Retail REIT Inc/The / American Finance Operating Partner LP | CUSIP: 02608AAA7<br>LEI: N/A                  | Long             | DBT              |  | US        |    600000 | PA      | $441882.00    | 0.14%             | 2028-09-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                          | Barclays PLC                                                          | CUSIP: 06738EBG9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $779284.59    | 0.25%             | 2024-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                                    | Vodafone Group PLC                                                    | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $302037.00    | 0.10%             | 2079-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AGREE REALTY CORP                                     | Agree Realty Corp                                                     | CUSIP: 008492209<br>LEI: N/A                  | Long             | EP               |  | US        |     15501 | NS      | $249721.11    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Income REIT Corp                            | Apartment Income REIT Corp                                            | CUSIP: 03750L109<br>LEI: N/A                  | Long             | EC               |  | US        |     67866 | NS      | $2328482.46   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                                 | American Homes 4 Rent                                                 | CUSIP: 02665T868<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EP               |  | US        |     29838 | NS      | $693014.40    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities Inc                 | Mid-America Apartment Communities Inc                                 | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |     64711 | NS      | $10158979.89  | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CITY OFFICE REIT                                      | City Office REIT Inc                                                  | CUSIP: 178587200<br>LEI: 5493003J7157VP25NL57 | Long             | EP               |  | US        |     20543 | NS      | $388057.27    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                              | Digital Realty Trust Inc                                              | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |    124905 | NS      | $12524224.35  | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Saul Centers Inc                                      | Saul Centers Inc                                                      | CUSIP: 804395804<br>LEI: N/A                  | Long             | EP               |  | US        |     39100 | NS      | $817190.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. International PLC                | HEALTHCARE REALTY TRUST INC                                           | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DE               |  | US        |      -319 | NC      | $-8034.88     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                   | Bank of Nova Scotia/The                                               | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $208269.43    | 0.07%             | 2082-10-27      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co                                       | Weyerhaeuser Co                                                       | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |     40389 | NS      | $1252059.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                              | Diversified Healthcare Trust                                          | CUSIP: 25525PAA5<br>LEI: N/A                  | Long             | DBT              |  | US        |    150000 | PA      | $143957.22    | 0.05%             | 2025-06-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage Inc                               | Extra Space Storage Inc                                               | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               |  | US        |     64356 | NS      | $9471916.08   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                                          | Enbridge Inc                                                          | CUSIP: 29250NAN5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $275901.32    | 0.09%             | 2077-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SEMPRA ENERGY                                         | Sempra Energy                                                         | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    500000 | PA      | $389622.26    | 0.13%             | 2052-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| State Street Institutional Treasury Money Market Fund | State Street Institutional Treasury Money Market Fund                 | CUSIP: 857492870<br>LEI: 549300Q3FHSMZ70NLT76 | Long             | STIV             | RF                | US        |   7210747 | NS      | $7210747.27   | 2.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Healthcare Realty Trust Inc                           | Healthcare Realty Trust Inc                                           | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |    329430 | NS      | $6348116.10   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                               | Pebblebrook Hotel Trust                                               | CUSIP: 70509V803<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               |  | US        |     28566 | NS      | $519901.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                           | Equinix Inc                                                           | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |     16670 | NS      | $10919350.10  | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc                                | Cousins Properties Inc                                                | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               |  | US        |     50458 | NS      | $1276082.82   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ING GROEP NV                                          | ING Groep NV                                                          | CUSIP: 456837AR4<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $532931.99    | 0.17%             | 2026-11-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SCENTRE GROUP TRUST 2                                 | Scentre Group Trust 2                                                 | CUSIP: 76025LAB0<br>LEI: 549300VRF0U0JH8TBJ74 | Long             | DBT              |  | AU        |   1100000 | PA      | $923175.00    | 0.30%             | 2080-09-24      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SL Green Realty Corp                                  | SL Green Realty Corp                                                  | CUSIP: 78440X507<br>LEI: 549300VQZPJU97H3GT17 | Long             | EP               |  | US        |     11626 | NS      | $235077.72    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                               | Pebblebrook Hotel Trust                                               | CUSIP: 70509V886<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               |  | US        |     24000 | NS      | $396000.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| DAI-ICHI LIFE INSURANCE                               | Dai-ichi Life Insurance Co Ltd/The                                    | CUSIP: 23380YAD9<br>LEI: 3538001235ACEIORUV72 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $280089.63    | 0.09%             | 2026-07-24      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Inc                                  | Invitation Homes Inc                                                  | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               |  | US        |    481136 | NS      | $14260871.04  | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| OFFICE PPTY INCOME TRST                               | Office Properties Income Trust                                        | CUSIP: 67623CAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $146346.63    | 0.05%             | 2027-02-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| SUNSTONE HOTEL INVESTORS                              | Sunstone Hotel Investors Inc                                          | CUSIP: 867892887<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               |  | US        |      9827 | NS      | $176787.73    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.                                | DIGITAL REALTY TRUST INC                                              | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -76 | NC      | $-15732.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Brown Brothers Harriman & Co.                         | PURCHASED USD / SOLD EUR                                              | CUSIP: 000000000<br>LEI: 5493006KMX1VFTPYPW14 | N/A              | DFE              |  | US        |         1 | NC      | $-16395.26    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BROOKFIELD PROPERTY PART                              | Brookfield Property Partners LP                                       | CUSIP: 000000000<br>LEI: 5493004J5Z0TZW83NU62 | Long             | EP               | CORP              | BM        |     23926 | NS      | $323718.78    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| REXFORD INDUSTRIAL REALT                              | Rexford Industrial Realty Inc                                         | CUSIP: 76169C308<br>LEI: 549300MSLO0DF0EMX355 | Long             | EP               |  | US        |     15000 | NS      | $333150.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO-DOMINION BANK                                 | Toronto-Dominion Bank/The                                             | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $208500.00    | 0.07%             | 2082-10-31      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** COHEN & STEERS TOTAL RETURN REALTY FUND INC

**Signature:** Albert Laskaj

**Name of Signer:** Albert Laskaj

**Title:** Treasurer and Chief Financial Officer