# EDGAR Filing Document

**Accession Number:** 0001131013
**File Stem:** 0001145549-23-008739
**Filing Date:** 2023-2
**Character Count:** 73470
**Document Hash:** acb949c2e37f4e5552f2f30df3532926
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-008739.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001145549-23-008739

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GuideStone Funds
- **CENTRAL INDEX KEY:** 0001131013
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10263
- **FILM NUMBER:** 23659021

**BUSINESS ADDRESS:**
- **STREET 1:** 5005 LYNDON B. JOHNSON FREEWAY
- **STREET 2:** SUITE 2200
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75244-6152
- **BUSINESS PHONE:** 214-720-2148

**MAIL ADDRESS:**
- **STREET 1:** 5005 LYNDON B. JOHNSON FREEWAY
- **STREET 2:** SUITE 2200
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75244-6152

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AB FUNDS TRUST/DE
- **DATE OF NAME CHANGE:** 20010405

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ANNUITY BOARD FUNDS TRUST
- **DATE OF NAME CHANGE:** 20010102

## Series and Classes Contracts Data

### Global Real Estate Securities Fund (Series ID: S000014482)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000039453 | Investor      | GREZX           |
| C000158247 | Institutional | GREYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-10263

- **c. CIK number of Registrant:** 0001131013

- **d. LEI of Registrant:** 5493004CCGXMXJDWX424

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

  - **Street Address 1:** 5005 LBJ Freeway, Ste. 2200

  - **City:** Dallas

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 75244

  - **Telephone number:** 214-720-1170

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

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

- **b. EDGAR series identifier (if any):** S000014482

- **c. LEI of Series:** 5493000K1XYCV5ZDGU19

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

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

- **b. Date as of which information is reported:** 2022-12-30

**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:** $245540543.35

**Total Liabilities:** $679152.19

**Net Assets:** $244861391.16

**Cash Not Reported:** $277388.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000039453 | 2.55%                | 7.21%                | -2.81%               |
| Class ID C000158247 | 2.56%                | 7.23%                | -2.77%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4798435.17             | $10471483.42                               |
| Month 2  | $-3346500.13             | $19594740.35                               |
| Month 3  | $-1119280.15             | $-6864011.00                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Guidestone Fds                                             | Guidestone Fds MONEY MKT INSTL                                                 | CUSIP: 40171W793<br>LEI: 5493004CCGXMXJDWX424 | Long             | STIV             | RF                | US        |   6985001 | NS      | $6985000.68   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITE Group PLC                                            | UNITE Group PLC ORD GBP0.25                                                    | CUSIP: G9283N101<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               | CORP              | GB        |    103104 | NS      | $1131122.96   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Big Yellow Group PLC                                       | Big Yellow Group PLC ORD GBP0.10                                               | CUSIP: G1093E108<br>LEI: 213800W7Q4V2ZI8LIW31 | Long             | EC               | CORP              | GB        |     54283 | NS      | $751892.84    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Grainger PLC                                               | Grainger PLC ORD GBP0.05                                                       | CUSIP: G40432117<br>LEI: 2138007CEIRKZMNI2979 | Long             | EC               | CORP              | GB        |    373105 | NS      | $1136684.62   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| British Land Company PLC                                   | British Land Company PLC ORD GBP0.25                                           | CUSIP: G15540118<br>LEI: RV5B68J2GV3QGMRPW209 | Long             | EC               | CORP              | GB        |    332155 | NS      | $1576993.22   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Derwent London PLC                                         | Derwent London PLC ORD GBP0.05                                                 | CUSIP: G27300105<br>LEI: 213800BXKQ9KZNUR1M61 | Long             | EC               | CORP              | GB        |     19816 | NS      | $567158.99    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Mapletree Panasia Commercial Trust                         | Mapletree Panasia Commercial Trust NPV(REAL ESTATE INVESTMENT TRUSTS)REG S     | CUSIP: Y5759T101<br>LEI: 549300BF18K4IC5LZ208 | Long             | EC               | CORP              | SG        |    677400 | NS      | $846371.02    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| American Homes 4 Rent                                      | American Homes 4 Rent COM USD0.01 'A'                                          | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |     59031 | NS      | $1779194.34   | 0.73%             |  |  |  | No            |                  1 | On Loan: —       |
| Alexandria Real Estate Equities, Inc.                      | Alexandria Real Estate Equities, Inc. COM USD0.01                              | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     21620 | NS      | $3149385.40   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                                | AvalonBay Communities, Inc. COM USD0.01                                        | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     35608 | NS      | $5751404.16   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust, Inc.                        | First Industrial Realty Trust, Inc. COM STK USD0.01                            | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42885 | NS      | $2069630.10   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastgroup Properties, Inc.                                 | Eastgroup Properties, Inc. COM USD0.0001                                       | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     20818 | NS      | $3082313.08   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corporation                                   | Kimco Realty Corporation COM USD0.01                                           | CUSIP: 49446R109<br>LEI: 549300EA7I6T15IBYS12 | Long             | EC               | CORP              | US        |    117472 | NS      | $2488056.96   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities, Inc.                    | Mid-America Apartment Communities, Inc. COM USD0.01                            | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     31388 | NS      | $4927602.12   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                                   | Simon Property Group Inc COM USD0.0001                                         | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     38014 | NS      | $4465884.72   | 1.82%             |  |  |  | No            |                  1 | On Loan: —       |
| Public Storage                                             | Public Storage COM USD0.10                                                     | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               | CORP              | US        |     22234 | NS      | $6229744.46   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                                                | Ventas Inc. COM USD0.25                                                        | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |    103706 | NS      | $4671955.30   | 1.91%             |  |  |  | No            |                  1 | On Loan: —       |
| Rexford Industrial Realty Inc.                             | Rexford Industrial Realty Inc. COM USD0.01                                     | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     24783 | NS      | $1354143.12   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp.                                        | Realty Income Corp. COM USD1                                                   | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     94266 | NS      | $5979292.38   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors Inc.                              | Sunstone Hotel Investors Inc. COM USD0.01                                      | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |     76556 | NS      | $739530.96    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                                   | Digital Realty Trust Inc COM STK USD0.01                                       | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      5944 | NS      | $596004.88    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Lifestyle Properties Inc                            | Equity Lifestyle Properties Inc COM USD0.01                                    | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     59601 | NS      | $3850224.60   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| PSP Swiss Property AG                                      | PSP Swiss Property AG CHF0.10 (REGD)                                           | CUSIP: H64687124<br>LEI: 50670042Y437P8X44F56 | Long             | EC               | CORP              | CH        |      6646 | NS      | $780719.33    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Agree Realty Corp                                          | Agree Realty Corp COM USD0.0001                                                | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70507 | NS      | $5001061.51   | 2.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Prologis Inc.                                              | Prologis Inc. COM USD0.01                                                      | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     83868 | NS      | $9454439.64   | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc                           | Ryman Hospitality Properties Inc COM USD0.01                                   | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     29909 | NS      | $2445958.02   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Castellum AB                                               | Castellum AB NPV                                                               | CUSIP: W2084X107<br>LEI: 549300GU5OHTR1T5IY68 | Long             | EC               | CORP              | SE        |     68835 | NS      | $833623.27    | 0.34%             |  |  |  | No            |                  2 | On Loan: —       |
| Aedifica SA                                                | Aedifica SA NPV                                                                | CUSIP: B0130A108<br>LEI: 529900DTKNXL0AXQFN28 | Long             | EC               | CORP              | BE        |      6147 | NS      | $500169.38    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Activia Properties Inc                                     | Activia Properties Inc REIT                                                    | CUSIP: J00089102<br>LEI: 353800RPGYN3ML8CXV54 | Long             | EC               | CORP              | JP        |       508 | NS      | $1592517.07   | 0.65%             |  |  |  | No            |                  2 | On Loan: —       |
| Mirvac Group                                               | Mirvac Group STAPLED SECURITIES                                                | CUSIP: Q62377108<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   1133781 | NS      | $1640265.88   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Mori Trust Sogo Reit Inc                                   | Mori Trust Sogo Reit Inc REIT                                                  | CUSIP: J4664Q101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1046 | NS      | $1169164.57   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Global one Real Estate Investment                          | Global one Real Estate Investment REIT                                         | CUSIP: J1727U103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1209 | NS      | $993192.49    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| City Developments Ltd                                      | City Developments Ltd NPV                                                      | CUSIP: V23130111<br>LEI: 254900BPLPJS0RJ72373 | Long             | EC               | CORP              | SG        |     41600 | NS      | $255728.62    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Hongkong Land Holdings Ltd.                                | Hongkong Land Holdings Ltd. ORD USD0.10(SINGAPORE REG)                         | CUSIP: G4587L109<br>LEI: 213800XCHYNRPAYGXW28 | Long             | EC               | CORP              | SG        |    145100 | NS      | $667578.34    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Keihanshin Building Co Ltd                                 | Keihanshin Building Co Ltd NPV                                                 | CUSIP: J31976103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     78700 | NS      | $762347.78    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| British Land Company PLC                                   | British Land Company PLC ORD GBP0.25                                           | CUSIP: G15540118<br>LEI: RV5B68J2GV3QGMRPW209 | Long             | EC               | CORP              | GB        |    125621 | NS      | $596418.74    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Safestore Holdings PLC                                     | Safestore Holdings PLC ORD GBP0.01                                             | CUSIP: G77733106<br>LEI: 213800WGA3YSJC1YOH73 | Long             | EC               | CORP              | GB        |     37335 | NS      | $425745.97    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXTDC Ltd.                                                | NEXTDC Ltd. NPV                                                                | CUSIP: Q6750Y106<br>LEI: 529900RTERU3X7G3D672 | Long             | EC               | CORP              | AU        |     46350 | NS      | $286007.62    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| CTO Realty Growth Inc New                                  | CTO Realty Growth Inc New COM                                                  | CUSIP: 22948Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16721 | NS      | $305659.88    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Mapletree Panasia Commercial Trust                         | Mapletree Panasia Commercial Trust NPV(REAL ESTATE INVESTMENT TRUSTS)REG S     | CUSIP: Y5759T101<br>LEI: 549300BF18K4IC5LZ208 | Long             | EC               | CORP              | SG        |    615704 | NS      | $769285.53    | 0.31%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                      | Alexandria Real Estate Equities, Inc. COM USD0.01                              | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     17628 | NS      | $2567870.76   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Properties, Inc.                                    | Boston Properties, Inc. COM USD0.01                                            | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     18306 | NS      | $1237119.48   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential Properties Trust                        | Equity Residential Properties Trust SBI USD0.01                                | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     39139 | NS      | $2309201.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc                                  | Host Hotels & Resorts Inc COM STK USD0.01                                      | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |    108565 | NS      | $1742468.25   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                                   | Simon Property Group Inc COM USD0.0001                                         | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     17612 | NS      | $2069057.76   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                             | Public Storage COM USD0.10                                                     | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               | CORP              | US        |     10250 | NS      | $2871947.50   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities, Inc.                                      | Sun Communities, Inc. COM USD0.01                                              | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |     19924 | NS      | $2849132.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp.                                        | Realty Income Corp. COM USD1                                                   | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     37163 | NS      | $2357249.09   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital & Counties                                         | Capital & Counties ORD GBP0.25                                                 | CUSIP: G19406100<br>LEI: 549300TTXXZ1SHUI0D54 | Long             | EC               | CORP              | GB        |    225314 | NS      | $290098.95    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GLP J-REIT                                                 | GLP J-REIT REIT                                                                | CUSIP: J17305103<br>LEI: 353800E27V9KA51K2I90 | Long             | EC               | CORP              | JP        |       501 | NS      | $576990.73    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| PSP Swiss Property AG                                      | PSP Swiss Property AG CHF0.10 (REGD)                                           | CUSIP: H64687124<br>LEI: 50670042Y437P8X44F56 | Long             | EC               | CORP              | CH        |      4596 | NS      | $539901.61    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Agree Realty Corp                                          | Agree Realty Corp COM USD0.0001                                                | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20822 | NS      | $1476904.46   | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Medical Properties Trust Inc.                              | Medical Properties Trust Inc. COM USD0.001                                     | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |    121593 | NS      | $1354546.02   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Prologis Inc.                                              | Prologis Inc. COM USD0.01                                                      | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     56896 | NS      | $6413886.08   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitaland Investment Ltd.                                 | Capitaland Investment Ltd. NPV                                                 | CUSIP: Y1091P105<br>LEI: 254900AT4UQDU7SNXX49 | Long             | EC               | CORP              | SG        |    169272 | NS      | $467815.90    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| TAG Immobilien AG                                          | TAG Immobilien AG NPV                                                          | CUSIP: D8283Q174<br>LEI: 529900TAE68USJNXLR59 | Long             | EC               | CORP              | DE        |     37657 | NS      | $244401.77    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Wihlborgs Fastigheter AB                                   | Wihlborgs Fastigheter AB NPV                                                   | CUSIP: W9899F163<br>LEI: 549300RC1YDJPITF8X06 | Long             | EC               | CORP              | SE        |     41825 | NS      | $315848.01    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Hang Lung Properties Ltd.                                  | Hang Lung Properties Ltd. NPV                                                  | CUSIP: Y30166105<br>LEI: 529900CIVTNMXQT59E61 | Long             | EC               | CORP              | HK        |    106460 | NS      | $207385.21    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| VGP NV                                                     | VGP NV NPV                                                                     | CUSIP: B9738D109<br>LEI: 315700NENYPIXFR94T49 | Long             | EC               | CORP              | BE        |      3639 | NS      | $304486.30    | 0.12%             |  |  |  | No            |                  2 | On Loan: —       |
| Eurocommercial                                             | Eurocommercial EUR10.00                                                        | CUSIP: N31068195<br>LEI: 724500SFK53FPNM68L95 | Long             | EC               | CORP              | NL        |     12141 | NS      | $294131.56    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Fastighets AB Balder                                       | Fastighets AB Balder SER'B'NPV                                                 | CUSIP: W2951M127<br>LEI: 549300GHKJCEZOAEUU82 | Long             | EC               | CORP              | SE        |     66179 | NS      | $308876.02    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| EPR Properties                                             | EPR Properties SBI USD0.01                                                     | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     20625 | NS      | $777975.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidestone Fds                                             | Guidestone Fds MONEY MKT INSTL                                                 | CUSIP: 40171W793<br>LEI: 5493004CCGXMXJDWX424 | Long             | STIV             | RF                | US        |    964509 | NS      | $964509.34    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Homeco Daily Needs Reit                                    | Homeco Daily Needs Reit NPV                                                    | CUSIP: Q46596104<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    610452 | NS      | $533577.88    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Digital Core REIT                                          | Digital Core REIT NPV (REIT)                                                   | CUSIP: Y2076L101<br>LEI: 549300IIGO612K0POE26 | Long             | EC               | CORP              | SG        |   1202120 | NS      | $661831.93    | 0.27%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Amasten Fastighets AB                                      | Amasten Fastighets AB NPV                                                      | CUSIP: W0R88G105<br>LEI: 213800QBPS3L89U9TZ44 | Long             | EC               | CORP              | SE        |      5890 | NS      | $11035.28     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Ingenia Communities Group                                  | Ingenia Communities Group NPV (UNITS)                                          | CUSIP: Q4912D185<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    175893 | NS      | $532257.51    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyu Fudosan Holdings Corp                                | Tokyu Fudosan Holdings Corp NPV                                                | CUSIP: J88764105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    107446 | NS      | $509522.67    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyu Fudosan Holdings Corp                                | Tokyu Fudosan Holdings Corp NPV                                                | CUSIP: J88764105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    201800 | NS      | $956961.39    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd                                | Sun Hung Kai Properties Ltd NPV                                                | CUSIP: Y82594121<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |      8500 | NS      | $116093.34    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Life Storage Inc                                           | Life Storage Inc COM USD0.01                                                   | CUSIP: 53223X107<br>LEI: W9EE01AFDDF9DQCQZC68 | Long             | EC               | CORP              | US        |     11879 | NS      | $1170081.50   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Storage Inc                                           | Life Storage Inc COM USD0.01                                                   | CUSIP: 53223X107<br>LEI: W9EE01AFDDF9DQCQZC68 | Long             | EC               | CORP              | US        |     16839 | NS      | $1658641.50   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius Real Estate Ltd.                                    | Sirius Real Estate Ltd. ORD NPV                                                | CUSIP: G8187C104<br>LEI: 213800NURUF5W8QSK566 | Long             | EC               | CORP              | GB        |    364877 | NS      | $325643.04    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| NSI NV                                                     | NSI NV EUR3.68(POST CONSOLIDATION)                                             | CUSIP: N6S10A115<br>LEI: 724500I77C30W2LZZJ03 | Long             | EC               | CORP              | NL        |      8544 | NS      | $212642.76    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Unibail-Rodamco-Westfield SE                               | Unibail-Rodamco-Westfield SE UNIT 1 COM & 1 WT-A                               | CUSIP: F95094581<br>LEI: N/A                  | Long             | EC               | CORP              | NL        |      2903 | NS      | $151757.82    | 0.06%             |  |  |  | No            |                  2 | On Loan: —       |
| Essential Properties Realty Trust Inc.                     | Essential Properties Realty Trust Inc. USD0.01                                 | CUSIP: 29670E107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68431 | NS      | $1606075.57   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Kojamo Oyj                                                 | Kojamo Oyj NPV                                                                 | CUSIP: X4543E117<br>LEI: 7437007YPUOQZ8OV1R42 | Long             | EC               | CORP              | FI        |     20530 | NS      | $303618.50    | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Postal Realty Trust Inc                                    | Postal Realty Trust Inc COM USD0.01 CL A                                       | CUSIP: 73757R102<br>LEI: 5493007B7ZZSIJRGWC41 | Long             | EC               | CORP              | US        |     34493 | NS      | $501183.29    | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Apartment Income Reit Corp                                 | Apartment Income Reit Corp COM                                                 | CUSIP: 03750L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7938 | NS      | $272352.78    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                                 | Brixmor Property Group Inc COM USD0.01                                         | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     14911 | NS      | $338032.37    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hulic Reit, Inc.                                           | Hulic Reit, Inc. REIT                                                          | CUSIP: J2359T109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       563 | NS      | $701214.68    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon REIT Investment Corporation                         | Nippon REIT Investment Corporation NPV REIT                                    | CUSIP: J5530Q100<br>LEI: 3538004O49OJ90PEXX85 | Long             | EC               | CORP              | JP        |       229 | NS      | $603936.23    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Merlin Properties Socimi S.A.                              | Merlin Properties Socimi S.A. EUR1                                             | CUSIP: E7390Z100<br>LEI: 959800L8KD863DP30X04 | Long             | EC               | CORP              | ES        |     55754 | NS      | $522911.40    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Merlin Properties Socimi S.A.                              | Merlin Properties Socimi S.A. EUR1                                             | CUSIP: E7390Z100<br>LEI: 959800L8KD863DP30X04 | Long             | EC               | CORP              | ES        |     84296 | NS      | $790604.07    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                              | Equinix, Inc. COM USD0.001                                                     | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     13609 | NS      | $8914303.27   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                              | Equinix, Inc. COM USD0.001                                                     | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      5625 | NS      | $3684543.75   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandox AB (publ)                                           | Pandox AB (publ) SER'B'NPV                                                     | CUSIP: W70174102<br>LEI: 549300K4HA8EBLSL3B97 | Long             | EC               | CORP              | SE        |     17241 | NS      | $192361.60    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| SBA Communications Corporation                             | SBA Communications Corporation COM USD0.01 CL A                                | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      3410 | NS      | $955857.10    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc.                                      | Invitation Homes Inc. COM USD0.01                                              | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53123 | NS      | $1574565.72   | 0.64%             |  |  |  | No            |                  1 | On Loan: —       |
| CTP NV                                                     | CTP NV EUR0.16                                                                 | CUSIP: N2368S105<br>LEI: 3157000YTVO4TN65UM14 | Long             | EC               | CORP              | NL        |     40907 | NS      | $484172.35    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| RioCan Real Estate Investment Trust                        | RioCan Real Estate Investment Trust UNIT                                       | CUSIP: 766910103<br>LEI: 549300S8HVUSEU3JBY60 | Long             | EC               | CORP              | CA        |    126624 | NS      | $1976045.14   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Apartment Properties Real Estate Investment Trust | Canadian Apartment Properties Real Estate Investment Trust TRUST UNITS         | CUSIP: 134921105<br>LEI: 549300B1MYVTQEB2DI90 | Long             | EC               | CORP              | CA        |     35218 | NS      | $1110121.30   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc.                             | Rexford Industrial Realty Inc. COM USD0.01                                     | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     32454 | NS      | $1773286.56   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Sekisui House REIT,Inc.                                    | Sekisui House REIT,Inc. REIT                                                   | CUSIP: J91258103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1955 | NS      | $1108770.74   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Asset Holdings Ltd.                                     | CK Asset Holdings Ltd. HKD1                                                    | CUSIP: G2177B101<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | HK        |    300678 | NS      | $1844110.61   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Asset Holdings Ltd.                                     | CK Asset Holdings Ltd. HKD1                                                    | CUSIP: G2177B101<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | HK        |     90393 | NS      | $554396.03    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Wharf Real Estate Investment Co Ltd                        | Wharf Real Estate Investment Co Ltd HKD0.1                                     | CUSIP: G9593A104<br>LEI: 529900QLPKS8U9QOPB59 | Long             | EC               | CORP              | HK        |    185000 | NS      | $1077465.88   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Lendlease Global Commercial REIT                           | Lendlease Global Commercial REIT NPV                                           | CUSIP: Y5229U100<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    965620 | NS      | $508201.00    | 0.21%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Centerspace                                                | Centerspace COM                                                                | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |      8518 | NS      | $499751.06    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Real Estate Investment Trust                       | Granite Real Estate Investment Trust STAPLED UNIT (1 ORD & 1 UNI               | CUSIP: 387437114<br>LEI: 549300U7HUKRB4S4KZ73 | Long             | EC               | CORP              | CA        |     23612 | NS      | $1204665.41   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                                    | Kite Realty Group Trust COM USD0.01                                            | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    121539 | NS      | $2558395.84   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                                    | Kite Realty Group Trust COM USD0.01                                            | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    134285 | NS      | $2826699.25   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Incorporated                                 | Iron Mountain Incorporated COM USD0.01                                         | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |     37810 | NS      | $1884828.50   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower OP LLC                                           | Welltower OP LLC COM USD1                                                      | CUSIP: 95040Q104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48233 | NS      | $3161673.15   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Prs Reit Plc (THE)                                         | Prs Reit Plc (THE) ORD GBP0.01                                                 | CUSIP: G7282R107<br>LEI: 21380037Q91HU97WZX58 | Long             | EC               | CORP              | GB        |    261241 | NS      | $280770.50    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Aroundtown SA                                              | Aroundtown SA EUR0.01                                                          | CUSIP: L0269F109<br>LEI: 529900H4DWG3KWMBMQ39 | Long             | EC               | CORP              | DE        |     37484 | NS      | $87316.01     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Fabege AB                                                  | Fabege AB NPV                                                                  | CUSIP: W7888D199<br>LEI: 549300JNPI46XNH0PM97 | Long             | EC               | CORP              | SE        |     45718 | NS      | $388828.46    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Fabege AB                                                  | Fabege AB NPV                                                                  | CUSIP: W7888D199<br>LEI: 549300JNPI46XNH0PM97 | Long             | EC               | CORP              | SE        |    112060 | NS      | $953062.63    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Tritax EuroBox PLC                                         | Tritax EuroBox PLC ORD EUR0.01 (EUR)                                           | CUSIP: G9101X109<br>LEI: 213800HK59N7H979QU33 | Long             | EC               | CORP              | GB        |    398721 | NS      | $294926.35    | 0.12%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Arima Real Estate Sa                                       | Arima Real Estate Sa EUR10                                                     | CUSIP: E0R03F109<br>LEI: 959800K5R280DP2B5694 | Long             | EC               | CORP              | ES        |     29500 | NS      | $238193.68    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitaland Investment Ltd.                                 | Capitaland Investment Ltd. NPV                                                 | CUSIP: Y1091P105<br>LEI: 254900AT4UQDU7SNXX49 | Long             | EC               | CORP              | SG        |    364354 | NS      | $1006962.74   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Catena AB                                                  | Catena AB NPV                                                                  | CUSIP: W2356E100<br>LEI: 549300EMLM7AH5LDLY65 | Long             | EC               | CORP              | SE        |      8302 | NS      | $310100.74    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Activia Properties Inc                                     | Activia Properties Inc REIT                                                    | CUSIP: J00089102<br>LEI: 353800RPGYN3ML8CXV54 | Long             | EC               | CORP              | JP        |       118 | NS      | $369915.38    | 0.15%             |  |  |  | No            |                  2 | On Loan: —       |
| Chartwell Retirement Residences                            | Chartwell Retirement Residences TRUST UNITS                                    | CUSIP: 16141A103<br>LEI: 549300M7UBEIZBWP4069 | Long             | EC               | RF                | CA        |    228957 | NS      | $1427176.57   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                                      | Urban Edge Properties COM USD0.01                                              | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52131 | NS      | $734525.79    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenedix Retail REIT Corporation                            | Kenedix Retail REIT Corporation REIT                                           | CUSIP: J3243R101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       647 | NS      | $1251286.09   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Frasers Logistics & Commercial Trust                       | Frasers Logistics & Commercial Trust NPV UNITS (REIT)                          | CUSIP: Y26465107<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |   1530600 | NS      | $1325246.83   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Logistics Park Inc                          | Mitsui Fudosan Logistics Park Inc REIT                                         | CUSIP: J44788107<br>LEI: 353800DN63EIYS760S59 | Long             | EC               | CORP              | JP        |       138 | NS      | $504457.73    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Takara Leben Real Estate Investment Corporation            | Takara Leben Real Estate Investment Corporation REIT                           | CUSIP: J80746100<br>LEI: 353800B55299YP0HS329 | Long             | EC               | CORP              | JP        |       497 | NS      | $375944.35    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Mirvac Group                                               | Mirvac Group STAPLED SECURITIES                                                | CUSIP: Q62377108<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    553369 | NS      | $800571.09    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Building Fund Inc.                                  | Nippon Building Fund Inc. REIT                                                 | CUSIP: J52088101<br>LEI: 52990053R8NL2MB32172 | Long             | EC               | CORP              | JP        |       115 | NS      | $514258.29    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| CapitaLand Integrated Commercial Trust Ltd.                | CapitaLand Integrated Commercial Trust Ltd. NPV (REAL ESTATE INVESTMENT TRUST) | CUSIP: Y1100L160<br>LEI: 54930031292WUTXF0L29 | Long             | EC               | CORP              | SG        |   1119996 | NS      | $1708231.76   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Metropolitan Fund Investment Corp.                   | Japan Metropolitan Fund Investment Corp. REIT                                  | CUSIP: J27544105<br>LEI: 353800QDHNIP60E1LQ93 | Long             | EC               | CORP              | JP        |       374 | NS      | $297522.27    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| United Urban Investment Corp.                              | United Urban Investment Corp. REIT                                             | CUSIP: J9427E105<br>LEI: 353800GYZWBD7BDCN841 | Long             | EC               | CORP              | JP        |       428 | NS      | $488988.27    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Mapletree Logistics Trust                                  | Mapletree Logistics Trust NPV (REIT)                                           | CUSIP: Y5759Q107<br>LEI: 549300M9EBZIYH387075 | Long             | EC               | CORP              | SG        |    516324 | NS      | $613965.60    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Invincible Investment Corporation                          | Invincible Investment Corporation REIT                                         | CUSIP: J2442V103<br>LEI: 353800JY6M2692VAV685 | Long             | EC               | CORP              | JP        |      1446 | NS      | $560313.05    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Link Real Estate Investment Trust                          | Link Real Estate Investment Trust UNITS                                        | CUSIP: Y5281M111<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               | CORP              | HK        |    170380 | NS      | $1246728.42   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Link Real Estate Investment Trust                          | Link Real Estate Investment Trust UNITS                                        | CUSIP: Y5281M111<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               | CORP              | HK        |    331596 | NS      | $2426400.74   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Ichigo Office REIT Investment Corporation                  | Ichigo Office REIT Investment Corporation REIT                                 | CUSIP: J2382Z106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       450 | NS      | $290367.69    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| GPT Group                                                  | GPT Group NPV (STAPLED SECURITIES)                                             | CUSIP: Q4252X155<br>LEI: 549300N0X6IGFL5O5R09 | Long             | EC               | CORP              | AU        |    249831 | NS      | $712520.67    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Henderson Land Development Co Ltd                          | Henderson Land Development Co Ltd NPV                                          | CUSIP: Y31476107<br>LEI: 529900SYQB7IVR9QGN76 | Long             | EC               | CORP              | HK        |     85645 | NS      | $298147.58    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Hongkong Land Holdings Ltd.                                | Hongkong Land Holdings Ltd. ORD USD0.10(SINGAPORE REG)                         | CUSIP: G4587L109<br>LEI: 213800XCHYNRPAYGXW28 | Long             | EC               | CORP              | SG        |    113626 | NS      | $522772.27    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Hysan Development Co Ltd                                   | Hysan Development Co Ltd NPV                                                   | CUSIP: Y38203124<br>LEI: 5299007BABFLKIH9HL03 | Long             | EC               | CORP              | HK        |    111831 | NS      | $362155.94    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| UDR Inc                                                    | UDR Inc COM USD0.01                                                            | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |     55980 | NS      | $2168105.40   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Keihanshin Building Co Ltd                                 | Keihanshin Building Co Ltd NPV                                                 | CUSIP: J31976103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     34143 | NS      | $330734.94    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Estate Co Ltd                                   | Mitsubishi Estate Co Ltd NPV                                                   | CUSIP: J43916113<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |     75067 | NS      | $972386.21    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Estate Co Ltd                                   | Mitsubishi Estate Co Ltd NPV                                                   | CUSIP: J43916113<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |    196300 | NS      | $2542787.29   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Co Ltd                                      | Mitsui Fudosan Co Ltd NPV                                                      | CUSIP: J4509L101<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |     66212 | NS      | $1210155.07   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Co Ltd                                      | Mitsui Fudosan Co Ltd NPV                                                      | CUSIP: J4509L101<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |     88100 | NS      | $1610201.49   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Realty & Devmt Co Ltd                             | Sumitomo Realty & Devmt Co Ltd NPV                                             | CUSIP: J77841112<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4751 | NS      | $111971.30    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd                                | Sun Hung Kai Properties Ltd NPV                                                | CUSIP: Y82594121<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |     96117 | NS      | $1312897.83   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd                                | Sun Hung Kai Properties Ltd NPV                                                | CUSIP: Y82594121<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |    169500 | NS      | $2315263.50   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| TOC Co Ltd                                                 | TOC Co Ltd NPV                                                                 | CUSIP: J84248103<br>LEI: 5299004ARKE9M7JAGL73 | Long             | EC               | CORP              | JP        |     31000 | NS      | $158902.42    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| VGP NV                                                     | VGP NV NPV                                                                     | CUSIP: B9738D109<br>LEI: 315700NENYPIXFR94T49 | Long             | EC               | CORP              | BE        |      2491 | NS      | $208429.61    | 0.09%             |  |  |  | No            |                  2 | On Loan: —       |
| SEGRO PLC                                                  | SEGRO PLC ORD GBP0.10                                                          | CUSIP: G80277141<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               | CORP              | GB        |    156711 | NS      | $1443662.78   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| SEGRO PLC                                                  | SEGRO PLC ORD GBP0.10                                                          | CUSIP: G80277141<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               | CORP              | GB        |     53414 | NS      | $492063.76    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Swire Properties Ltd.                                      | Swire Properties Ltd. NPV                                                      | CUSIP: Y83191109<br>LEI: 5299001L12PHYVQ92465 | Long             | EC               | CORP              | HK        |        26 | NS      | $65.86        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tritax Big Box REIT PLC                                    | Tritax Big Box REIT PLC ORD GBP0.01                                            | CUSIP: G9101W101<br>LEI: 213800L6X88MIYPVR714 | Long             | EC               | CORP              | GB        |    299028 | NS      | $501148.51    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Scentre Group Ltd.                                         | Scentre Group Ltd. NPV STAPLED UNIT                                            | CUSIP: Q8351E109<br>LEI: 529900TUCASM3W86E831 | Long             | EC               | CORP              | AU        |    383662 | NS      | $746821.33    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Scentre Group Ltd.                                         | Scentre Group Ltd. NPV STAPLED UNIT                                            | CUSIP: Q8351E109<br>LEI: 529900TUCASM3W86E831 | Long             | EC               | CORP              | AU        |    978668 | NS      | $1905036.57   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Entra ASA                                                  | Entra ASA NOK1                                                                 | CUSIP: R2R8A2105<br>LEI: 549300APU14LQKTYCH34 | Long             | EC               | CORP              | NO        |     16255 | NS      | $175640.33    | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Samhallsbyggnadsbolaget I Norden AB                        | Samhallsbyggnadsbolaget I Norden AB SER'B'NPV                                  | CUSIP: W2R93A131<br>LEI: 549300HX9MRFY47AH564 | Long             | EC               | CORP              | SE        |     58901 | NS      | $98233.93     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NETSTREIT Corp.                                            | NETSTREIT Corp. COM                                                            | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |     81290 | NS      | $1490045.70   | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| Fastighets AB Balder                                       | Fastighets AB Balder SER'B'NPV                                                 | CUSIP: W2951M127<br>LEI: 549300GHKJCEZOAEUU82 | Long             | EC               | CORP              | SE        |    167603 | NS      | $782250.37    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Gecina SA                                                  | Gecina SA EUR7.50                                                              | CUSIP: F4268U171<br>LEI: 9695003E4MMA10IBTR26 | Long             | EC               | CORP              | FR        |      5689 | NS      | $579595.49    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Klepierre S.A.                                             | Klepierre S.A. EUR1.40                                                         | CUSIP: F5396X102<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               | CORP              | FR        |     21632 | NS      | $499280.12    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Klepierre S.A.                                             | Klepierre S.A. EUR1.40                                                         | CUSIP: F5396X102<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               | CORP              | FR        |     58603 | NS      | $1352593.99   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial & Infrastructure Fund Investment Corp.          | Industrial & Infrastructure Fund Investment Corp. REIT                         | CUSIP: J24393118<br>LEI: 353800WCHFY04YKYCI19 | Long             | EC               | CORP              | JP        |      1180 | NS      | $1362052.26   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial & Infrastructure Fund Investment Corp.          | Industrial & Infrastructure Fund Investment Corp. REIT                         | CUSIP: J24393118<br>LEI: 353800WCHFY04YKYCI19 | Long             | EC               | CORP              | JP        |       450 | NS      | $519426.71    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Covivio, S.A.                                              | Covivio, S.A. EUR3                                                             | CUSIP: F2R22T119<br>LEI: 969500P8M3W2XX376054 | Long             | EC               | CORP              | FR        |      5482 | NS      | $325403.71    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Dexus                                                      | Dexus NPV (STAPLED)                                                            | CUSIP: Q318A1104<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    133245 | NS      | $699544.78    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Dexus                                                      | Dexus NPV (STAPLED)                                                            | CUSIP: Q318A1104<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    199655 | NS      | $1048201.53   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Prologis Reit Inc                                   | Nippon Prologis Reit Inc REIT                                                  | CUSIP: J5528H104<br>LEI: 353800PHBMSDLAFURY41 | Long             | EC               | CORP              | JP        |       306 | NS      | $717440.34    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Vonovia SE                                                 | Vonovia SE NPV                                                                 | CUSIP: D9581T100<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |    117055 | NS      | $2757398.73   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Vonovia SE                                                 | Vonovia SE NPV                                                                 | CUSIP: D9581T100<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |     37380 | NS      | $880539.61    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Guidestone Fds                                             | Guidestone Fds MONEY MKT INSTL                                                 | CUSIP: 40171W793<br>LEI: 5493004CCGXMXJDWX424 | Long             | STIV             | RF                | US        |   1971793 | NS      | $1971792.82   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Inmobiliaria Colonial Socimi S.A.                          | Inmobiliaria Colonial Socimi S.A. EUR2.5                                       | CUSIP: E6451E105<br>LEI: 95980020140005007414 | Long             | EC               | CORP              | ES        |     54029 | NS      | $347527.55    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| LXi REIT PLC                                               | LXi REIT PLC ORD GBP0.01                                                       | CUSIP: G57009105<br>LEI: 2138008YZGXOKAXQVI45 | Long             | EC               | CORP              | GB        |    283871 | NS      | $387918.32    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Healthpeak Properties Inc                                  | Healthpeak Properties Inc COM                                                  | CUSIP: 42250P103<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | EC               | CORP              | US        |     83079 | NS      | $2082790.53   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| First Capital Real Estate Investment Trust                 | First Capital Real Estate Investment Trust UNIT                                | CUSIP: 31890B103<br>LEI: 549300U55W8QFK2YTK38 | Long             | EC               | CORP              | CA        |     51804 | NS      | $643150.10    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hammerson PLC                                              | Hammerson PLC ORD GBP0.05                                                      | CUSIP: G4273Q164<br>LEI: 213800G1C9KKVVDN1A60 | Long             | EC               | CORP              | GB        |    912560 | NS      | $262571.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Region Group                                               | Region Group FULLY PAID UNITS STAPLED SECURITIES                               | CUSIP: Q8501V100<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    519085 | NS      | $955082.81    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Sabra Health Care REIT, Inc.                               | Sabra Health Care REIT, Inc. COM USD0.01                                       | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |    176419 | NS      | $2192888.17   | 0.90%             |  |  |  | No            |                  1 | On Loan: —       |
| Kenedix Residential Next Investment Corporation            | Kenedix Residential Next Investment Corporation REIT                           | CUSIP: J3243Q103<br>LEI: 353800CYD58GUMFQME07 | Long             | EC               | CORP              | JP        |       249 | NS      | $388653.81    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| W. P. Carey Inc                                            | W. P. Carey Inc COM USD0.001                                                   | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |     72505 | NS      | $5666265.75   | 2.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Summit Industrial Income REIT                              | Summit Industrial Income REIT TRUST UNITS                                      | CUSIP: 866120116<br>LEI: 2549002JNRHTJ9H0MR86 | Long             | EC               | CORP              | CA        |      9782 | NS      | $163924.36    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mori Trust Hotel Reit Inc                                  | Mori Trust Hotel Reit Inc REIT                                                 | CUSIP: J4672S107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1095 | NS      | $1125426.23   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Life Science Reit Plc                                      | Life Science Reit Plc ORD GBP0.01                                              | CUSIP: G72540100<br>LEI: 213800RG7JNX7K8F7525 | Long             | EC               | CORP              | GB        |    276332 | NS      | $241533.77    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Inst Fds                                          | Northern Inst Fds LIQ ASET PORTF                                               | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    796222 | NS      | $796222.30    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Inst Fds                                          | Northern Inst Fds LIQ ASET PORTF                                               | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   1697893 | NS      | $1697892.90   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Guidestone Funds

**Signature:** Patrick Pattison

**Name of Signer:** Patrick Pattison

**Title:** Vice President & Treasurer