# EDGAR Filing Document

**Accession Number:** 0000315700
**File Stem:** 0001752724-25-159805
**Filing Date:** 2025-6
**Character Count:** 43648
**Document Hash:** bd8cef4e34f39e4d853f6608ab6cb7f4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-159805.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-159805

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY ADVISOR SERIES VII
- **CENTRAL INDEX KEY:** 0000315700

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03010
- **FILM NUMBER:** 251079731

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PLYMOUTH SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19911118

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** READY CASH FUND
- **DATE OF NAME CHANGE:** 19880207

## Series and Classes Contracts Data

### Fidelity Advisor Global Real Estate Fund (Series ID: S000054816)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000172330 | Class A      | FWRAX           |
| C000172331 | Class M      | FWRTX           |
| C000172332 | Class C      | FWRCX           |
| C000172333 | Class I      | FWRIX           |
| C000205009 | Class Z      | FIKKX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity Advisor® Global Real Estate Fund**

**April 30, 2025**

AGRE-NPRT3-0625

1.9879814.108 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 99.0%** | &nbsp;&nbsp;**Common Stocks - 99.0%** | &nbsp;&nbsp;**Common Stocks - 99.0%** |
|  | Shares | Value ($)<br>|
| AUSTRALIA - 6.6%  |  |  |
| Real Estate - 6.6% |  |  |
| Industrial REITs - 1.4% |  |  |
| Goodman Group unit  | 3804 | 72823 |
| Retail REITs - 3.0% |  |  |
| Charter Hall Retail REIT  | 30603 | 73098 |
| Scentre Group unit  | 38544 | 89297 |
|  |  | 162395 |
| Specialized REITs - 2.2% |  |  |
| Arena REIT unit  | 26870 | 63989 |
| National Storage REIT unit  | 37641 | 55348 |
|  |  | 119337 |
| TOTAL AUSTRALIA |  | 354555 |
| BELGIUM - 1.0%  |  |  |
| Real Estate - 1.0% |  |  |
| Residential REITs - 1.0% |  |  |
| Xior Student Housing NV (a) | 1545 | 49970 |
| Xior Student Housing NV rights (b)(c) | 1675 | 2365 |
| Xior Student Housing NV rights (b) | 1518 | 858 |
| Xior Student Housing NV rights (b) | 1190 | 703 |
| TOTAL BELGIUM |  | 53896 |
| CANADA - 2.9%  |  |  |
| Real Estate - 2.9% |  |  |
| Industrial REITs - 1.0% |  |  |
| Dream Industrial Real Estate Investment Trust  | 7191 | 55291 |
| Residential REITs - 1.9% |  |  |
| Boardwalk Real Estate Investment Trust  | 2157 | 101717 |
| TOTAL CANADA |  | 157008 |
| FRANCE - 2.2%  |  |  |
| Real Estate - 2.2% |  |  |
| Diversified REITs - 1.5% |  |  |
| Covivio SA/France  | 1454 | 81205 |
| Retail REITs - 0.7% |  |  |
| Unibail-Rodamco-Westfield unit  | 465 | 39255 |
| TOTAL FRANCE |  | 120460 |
| GERMANY - 1.4%  |  |  |
| Real Estate - 1.4% |  |  |
| Real Estate Management & Development - 1.4% |  |  |
| LEG Immobilien SE  | 443 | 37413 |
| Vonovia SE  | 1210 | 40136 |
| TOTAL GERMANY |  | 77549 |
| HONG KONG - 1.4%  |  |  |
| Real Estate - 1.4% |  |  |
| Real Estate Management & Development - 0.3% |  |  |
| Hongkong Land Holdings Ltd (Singapore)  | 3664 | 17932 |
| Retail REITs - 1.1% |  |  |
| Link REIT  | 12700 | 59524 |
| TOTAL HONG KONG |  | 77456 |
| JAPAN - 9.3%  |  |  |
| Real Estate - 9.3% |  |  |
| Industrial REITs - 3.2% |  |  |
| GLP J-REIT  | 33 | 28435 |
| LaSalle Logiport REIT  | 84 | 79958 |
| Mitsui Fudosan Logistics Park Inc  | 90 | 64142 |
|  |  | 172535 |
| Real Estate Management & Development - 5.2% |  |  |
| Katitas Co Ltd  | 2236 | 32309 |
| Mitsubishi Estate Co Ltd  | 6132 | 107715 |
| Mitsui Fudosan Co Ltd  | 11124 | 110246 |
| Nomura Real Estate Holdings Inc  | 4392 | 26015 |
|  |  | 276285 |
| Residential REITs - 0.9% |  |  |
| Advance Residence Investment Corp  | 50 | 51510 |
| TOTAL JAPAN |  | 500330 |
| NETHERLANDS - 0.3%  |  |  |
| Real Estate - 0.3% |  |  |
| Real Estate Management & Development - 0.3% |  |  |
| CTP NV (a)(d) | 787 | 14729 |
| CTP NV rights (b)(c) | 787 | 267 |
| TOTAL NETHERLANDS |  | 14996 |
| SINGAPORE - 2.9%  |  |  |
| Real Estate - 2.9% |  |  |
| Diversified REITs - 0.4% |  |  |
| Mapletree Pan Asia Commercial Trust  | 20613 | 19304 |
| Real Estate Management & Development - 0.5% |  |  |
| UOL Group Ltd  | 6138 | 27153 |
| Retail REITs - 2.0% |  |  |
| CapitaLand Integrated Commercial Trust  | 65051 | 107055 |
| TOTAL SINGAPORE |  | 153512 |
| SPAIN - 1.1%  |  |  |
| Consumer Discretionary - 0.4% |  |  |
| Household Durables - 0.4% |  |  |
| Neinor Homes SA (a)(d) | 1194 | 20722 |
| Real Estate - 0.7% |  |  |
| Diversified REITs - 0.7% |  |  |
| Merlin Properties Socimi SA  | 3288 | 37099 |
| TOTAL SPAIN |  | 57821 |
| SWEDEN - 2.0%  |  |  |
| Real Estate - 2.0% |  |  |
| Real Estate Management & Development - 2.0% |  |  |
| Catena AB  | 1836 | 86202 |
| Swedish Logistic Property AB B Shares (b) | 5092 | 20809 |
| TOTAL SWEDEN |  | 107011 |
| UNITED KINGDOM - 7.1%  |  |  |
| Real Estate - 7.1% |  |  |
| Diversified REITs - 1.1% |  |  |
| British Land Co PLC/The  | 4800 | 25165 |
| LondonMetric Property PLC  | 13511 | 34626 |
|  |  | 59791 |
| Industrial REITs - 0.7% |  |  |
| Segro PLC  | 4372 | 39656 |
| Office REITs - 0.4% |  |  |
| Helical PLC  | 8145 | 23446 |
| Real Estate Management & Development - 2.8% |  |  |
| Grainger PLC  | 50508 | 144721 |
| Residential REITs - 0.9% |  |  |
| UNITE Group PLC/The  | 4330 | 49656 |
| Retail REITs - 1.2% |  |  |
| Shaftesbury Capital PLC  | 35093 | 63512 |
| TOTAL UNITED KINGDOM |  | 380782 |
| UNITED STATES - 60.8%  |  |  |
| Real Estate - 60.8% |  |  |
| Health Care REITs - 9.1% |  |  |
| Ventas Inc  | 2564 | 179684 |
| Welltower Inc  | 2017 | 307774 |
|  |  | 487458 |
| Industrial REITs - 10.7% |  |  |
| Americold Realty Trust Inc  | 3902 | 75465 |
| Prologis Inc  | 3846 | 393061 |
| STAG Industrial Inc Class A  | 1926 | 63616 |
| Terreno Realty Corp  | 718 | 40445 |
|  |  | 572587 |
| Residential REITs - 14.1% |  |  |
| American Homes 4 Rent Class A  | 2856 | 106786 |
| Camden Property Trust  | 506 | 57583 |
| Elme Communities  | 786 | 12237 |
| Equity LifeStyle Properties Inc  | 283 | 18333 |
| Equity Residential  | 1975 | 138764 |
| Flagship Communities REIT Class A  | 5328 | 88711 |
| Invitation Homes Inc  | 2252 | 76996 |
| Mid-America Apartment Communities Inc  | 215 | 34325 |
| Sun Communities Inc  | 609 | 75778 |
| UDR Inc  | 3525 | 147627 |
|  |  | 757140 |
| Retail REITs - 10.3% |  |  |
| Acadia Realty Trust  | 635 | 12129 |
| Curbline Properties Corp  | 514 | 11765 |
| FrontView REIT Inc  | 750 | 9329 |
| InvenTrust Properties Corp  | 420 | 11701 |
| Kimco Realty Corp  | 7566 | 151169 |
| Macerich Co/The  | 2130 | 31226 |
| NNN REIT Inc  | 3538 | 145447 |
| Phillips Edison & Co Inc  | 935 | 32445 |
| Regency Centers Corp  | 687 | 49588 |
| SITE Centers Corp  | 995 | 11781 |
| Tanger Inc  | 836 | 26342 |
| Urban Edge Properties  | 3196 | 57752 |
|  |  | 550674 |
| Specialized REITs - 16.6% |  |  |
| CubeSmart  | 1040 | 42297 |
| Digital Realty Trust Inc  | 1012 | 162466 |
| Equinix Inc  | 392 | 337415 |
| Extra Space Storage Inc  | 241 | 35311 |
| Four Corners Property Trust Inc  | 1215 | 33959 |
| Iron Mountain Inc  | 1103 | 98906 |
| Public Storage Operating Co  | 568 | 170644 |
|  |  | 880998 |
| TOTAL UNITED STATES |  | 3248857 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $4,532,774) |  | <br> **5304233** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 1.2%** | &nbsp;&nbsp;**Money Market Funds - 1.2%** | &nbsp;&nbsp;**Money Market Funds - 1.2%** | &nbsp;&nbsp;**Money Market Funds - 1.2%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (e)<br>(Cost $62,860)<br>| 4.33 | 62848 | **62860** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.2%**<br> (Cost $4,595,634)<br>| <br>**5367093** |
| **NET OTHER ASSETS (LIABILITIES) - (0.2)%**  | **(11523)** |
| **NET ASSETS - 100.0%** | **5355570** |

---

**Legend**

(a) Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $85,421 or 1.6% of net assets.

(b) Non-income producing

(c) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(d) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $35,451 or 0.7% of net assets.

(e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 34600 | 667904 | 639644 | 1205 | - | - | 62860 | 62848 | 0.0% |
| Total | 34600 | 667904 | 639644 | 1205 | - | - | 62860 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Advisor Series VII

- **b. Investment Company Act file number:** 811-03010

- **c. CIK number of Registrant:** 0000315700

- **d. LEI of Registrant:** PM3JTBFBEM0RCCY2GO89

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

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

- **b. EDGAR series identifier (if any):** S000054816

- **c. LEI of Series:** 5493008VAE8FIVA8Q821

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $5409345.89

**Total Liabilities:** $46098.46

**Net Assets:** $5363247.43

**Delayed Delivery Securities:** $2632.35

**Cash Not Reported:** $2190.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000205009 | 2.83%                | -1.56%               | 1.30%                |
| Class ID C000172331 | -0.83%               | -1.58%               | 1.23%                |
| Class ID C000172332 | 1.66%                | -1.57%               | 1.13%                |
| Class ID C000172330 | -3.06%               | -1.57%               | 1.22%                |
| Class ID C000172333 | 2.76%                | -1.57%               | 1.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-16923.73               | $175833.10                                 |
| Month 2  | $-5576.92                | $-110130.86                                |
| Month 3  | $-2446.82                | $48825.48                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DIGITAL REALTY TRUST INC                      | DIGITAL REALTY TRUST INC                    | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      1012 | NS      | $162466.48    | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SCENTRE GROUP                                 | SCENTRE GROUP STAPLED UNIT                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     38544 | NS      | $89296.58     | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUINIX INC                                   | EQUINIX INC                                 | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |       392 | NS      | $337414.00    | 6.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMDEN PROPERTY TRUST                         | CAMDEN PROPERTY TRUST - REIT                | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |       506 | NS      | $57582.80     | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UOL GROUP LIMITED                             | UOL GROUP LIMITED                           | CUSIP: N/A<br>LEI: 254900O9PRCWTMR86R25       | Long             | EC               | CORP              | SG        |      6138 | NS      | $27152.56     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| BRITISH LAND CO PLC                           | BRITISH LAND CO PLC                         | CUSIP: N/A<br>LEI: RV5B68J2GV3QGMRPW209       | Long             | EC               | CORP              | GB        |      4800 | NS      | $25165.64     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FOUR CORNERS PROPERTY TRUST INC               | FOUR CORNERS PPTY TR INC W/I                | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |      1215 | NS      | $33959.25     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTRA SPACE STORAGE INC                       | EXTRA SPACE STORAGE INC                     | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       241 | NS      | $35311.32     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| GLP J REIT                                    | GLP J-REIT                                  | CUSIP: N/A<br>LEI: 353800E27V9KA51K2I90       | Long             | EC               | CORP              | JP        |        33 | NS      | $28434.75     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI ESTATE CO LTD                      | MITSUBISHI ESTATE CO LTD                    | CUSIP: N/A<br>LEI: 353800KOFMRGOXSJ5Z65       | Long             | EC               | CORP              | JP        |      6132 | NS      | $107714.57    | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TERRENO RLTY CORP                             | TERRENO REALTY CORP                         | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       718 | NS      | $40444.94     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                                 | WELLTOWER INC                               | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |      2017 | NS      | $307774.03    | 5.74%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMCO REALTY CORP                             | KIMCO REALTY CORPORATION                    | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |      7566 | NS      | $151168.68    | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| FRONTVIEW REIT INC                            | FRONTVIEW REIT INC                          | CUSIP: 35922N100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       750 | NS      | $9330.00      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| COVIVIO                                       | COVIVIO                                     | CUSIP: N/A<br>LEI: 969500P8M3W2XX376054       | Long             | EC               | CORP              | FR        |      1454 | NS      | $81205.18     | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIA REALTY TRUST                           | ACADIA RLTY TR REIT                         | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Long             | EC               | CORP              | US        |       635 | NS      | $12128.50     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN COMMUNITIES INC                           | SUN COMMUNITIES INC - REIT                  | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |       609 | NS      | $75777.87     | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT INC                                  | NNN REIT INC                                | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |      3538 | NS      | $145447.18    | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CUBESMART                                     | CUBESMART                                   | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1040 | NS      | $42296.80     | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTAS INC                                    | VENTAS INC REIT                             | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      2564 | NS      | $179685.12    | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITE GROUP PLC                               | UNITE GROUP PLC                             | CUSIP: N/A<br>LEI: 213800BBUUWVDH9YI827       | Long             | EC               | CORP              | GB        |      4330 | NS      | $49655.94     | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER HALL RETAIL REIT                      | CHARTER HALL RETAIL REIT                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     30603 | NS      | $73098.90     | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                | PUBLIC STORAGE                              | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               | CORP              | US        |       568 | NS      | $170644.24    | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SHAFTESBURY CAPITAL PLC                       | SHAFTESBURY CAPITAL PLC                     | CUSIP: N/A<br>LEI: 549300TTXXZ1SHUI0D54       | Long             | EC               | CORP              | GB        |     35093 | NS      | $63511.54     | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| URBAN EDGE PROPERTIES                         | URBAN EDGE PROPERTIES                       | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3196 | NS      | $57751.72     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITALAND INTEGRATED COMMERCIAL TRUST        | CAPITALAND INTEGRATED COMMERCIAL TRUST      | CUSIP: N/A<br>LEI: 54930031292WUTXF0L29       | Long             | EC               | CORP              | SG        |     65051 | NS      | $107054.51    | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICOLD REALTY TRUST                        | AMERICOLD REALTY TRUST                      | CUSIP: 03064D108<br>LEI: 549300R7N1V5YV8MWH02 | Long             | EC               | CORP              | US        |      3902 | NS      | $75464.68     | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAINGER PLC                                  | GRAINGER PLC                                | CUSIP: N/A<br>LEI: 2138007CEIRKZMNI2979       | Long             | EC               | CORP              | GB        |     50508 | NS      | $144720.82    | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| KATITAS CO LTD                                | KATITAS CO LTD                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2236 | NS      | $32309.25     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| LONDONMETRIC PROPERITY PLC                    | LONDONMETRIC PROPERITY PLC                  | CUSIP: N/A<br>LEI: 213800OCERWWPQDURL87       | Long             | EC               | CORP              | GB        |     13511 | NS      | $34625.74     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| GOODMAN GROUP                                 | GOODMAN GROUP STAPLED UNIT                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |      3804 | NS      | $72823.17     | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| SEGRO PLC                                     | SEGRO PLC                                   | CUSIP: N/A<br>LEI: 213800XC35KGM9NFC641       | Long             | EC               | CORP              | GB        |      4372 | NS      | $39655.59     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY RESIDENTIAL                            | EQUITY RESIDENTIAL REIT                     | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |      1975 | NS      | $138763.50    | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| INVENTRUST PROPERTIES CORP                    | INLAND AMERICN REAL EST TR INC              | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |       420 | NS      | $11701.20     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILLIPS EDISON and CO INC                    | PHILLIPS EDISON and CO INC                  | CUSIP: 71844V201<br>LEI: 549300UC1QJSQ49IC243 | Long             | EC               | CORP              | US        |       935 | NS      | $32444.50     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SWEDISH LOGISTIC PROPERTY AB                  | SWEDISH LOGISTIC PROPERTY AB-B              | CUSIP: N/A<br>LEI: 254900AWRHP1QNE6OQ19       | Long             | EC               | CORP              | SE        |      5092 | NS      | $20809.48     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCE RESIDENCE INVESTMENT CORP             | ADVANCE RESID INV CRP NEW REIT              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |        50 | NS      | $51510.70     | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUI FUDOSAN CO LTD                         | MITSUI FUDOSAN CO                           | CUSIP: N/A<br>LEI: 353800ND4ZKNZDYKMF33       | Long             | EC               | CORP              | JP        |     11124 | NS      | $110246.03    | 2.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CATENA AB                                     | CATENA AB                                   | CUSIP: N/A<br>LEI: 549300EMLM7AH5LDLY65       | Long             | EC               | CORP              | SE        |      1836 | NS      | $86201.11     | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| FLAGSHIP COMMUNITIES REIT                     | FLAGSHIP COMMUNITIES REIT                   | CUSIP: 33843T108<br>LEI: 894500P7IQ2SJ1DF2L20 | Long             | EC               | CORP              | CA        |      5328 | NS      | $88711.20     | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE CENTERS CORP                             | SITE CENTERS CORP                           | CUSIP: 82981J851<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               | CORP              | US        |       995 | NS      | $11780.80     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUI FUDOSAN LOGISTICS PARK INC             | MITSUI FUDOSAN LOGISTICS PARK INC           | CUSIP: N/A<br>LEI: 353800DN63EIYS760S59       | Long             | EC               | CORP              | JP        |        90 | NS      | $64141.84     | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MERLIN PROPERTIES SOCIMI SA                   | MERLIN PROPERTIES SOCIMI SA                 | CUSIP: N/A<br>LEI: 959800L8KD863DP30X04       | Long             | EC               | CORP              | ES        |      3288 | NS      | $37099.12     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG INDUSTRIAL INC                           | STAG INDUSTRIAL INC CL A                    | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |      1926 | NS      | $63615.78     | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MACERICH CO                                   | MACERICH COMPANY                            | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |      2130 | NS      | $31225.80     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| NOMURA REAL ESTATE HOLDING INC                | NOMURA REAL ESTATE HOLDING INC              | CUSIP: N/A<br>LEI: 353800UZ91CT24OL9P59       | Long             | EC               | CORP              | JP        |      4392 | NS      | $26014.72     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| XIOR STUDENT HOUSING NV                       | XIOR STUDENT HOUSING NV SCRIP RT 31/12/2049 | CUSIP: N/A<br>LEI: 549300JK7HFOCP0U8K85       | Long             | EC               | CORP              | BE        |      1518 | NS      | $857.94       | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LINK REIT                                     | LINK REAL ESTATE INVESTMENT TR              | CUSIP: N/A<br>LEI: 529900XUE70U36QX5M62       | Long             | EC               | CORP              | HK        |     12700 | NS      | $59524.09     | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| INVITATION HOMES INC                          | INVITATION HOMES INC                        | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2252 | NS      | $76995.88     | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ELME COMMUNITIES                              | ELME COMMUNITIES                            | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |       786 | NS      | $12238.02     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CURBLINE PROPERTIES CORP                      | CURBLINE PROPERTIES CORP                    | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |       514 | NS      | $11765.46     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CTP BV                                        | CTP BV                                      | CUSIP: N/A<br>LEI: 3157000YTVO4TN65UM14       | Long             | EC               | CORP              | NL        |       787 | NS      | $14728.45     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MID-AMERICA APT CMNTYS INC                    | MID AMERICA APT CMNTY INC                   | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |       215 | NS      | $34324.75     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARDWALK REAL ESTATE INVESTMENT TRUST        | BOARDWALK REIT UNIT                         | CUSIP: 096631106<br>LEI: 549300RMNRTTJRCOYW23 | Long             | EC               | CORP              | CA        |      2157 | NS      | $101716.65    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                  | Fidelity Cash Central Fund                  | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |     62848 | NS      | $62860.43     | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT                         | AMERICAN HOMES 4 RENT                       | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |      2856 | NS      | $106785.84    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| XIOR STUDENT HOUSING NV                       | XIOR STUDENT HOUSING NV RT                  | CUSIP: N/A<br>LEI: 549300JK7HFOCP0U8K85       | Long             | EC               | CORP              | BE        |      1675 | NS      | $2364.88      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| XIOR STUDENT HOUSING NV                       | XIOR STUDENT HOUSING NV                     | CUSIP: N/A<br>LEI: 549300JK7HFOCP0U8K85       | Long             | EC               | CORP              | BE        |      1545 | NS      | $49969.73     | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| LASALLE LOGIPORT REIT                         | LASALLE LOGIPORT REIT                       | CUSIP: N/A<br>LEI: 353800II3DI1RPKBB314       | Long             | EC               | CORP              | JP        |        84 | NS      | $79958.04     | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INC                             | IRON MOUNTAIN INC                           | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |      1103 | NS      | $98906.01     | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| CTP BV                                        | CTP NV - SCRIP RT 12/31/2049                | CUSIP: N/A<br>LEI: 3157000YTVO4TN65UM14       | Long             | EC               | CORP              | NL        |       787 | NS      | $267.47       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LEG IMMOBILIEN GMBH                           | LEG IMMOBILIEN SE                           | CUSIP: N/A<br>LEI: 391200SO40AKONBO0Z96       | Long             | EC               | CORP              | DE        |       443 | NS      | $37413.11     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| ARENA REIT                                    | ARENA REIT (STAPLED)                        | CUSIP: N/A<br>LEI: 984500FEAC9A1C1FC967       | Long             | EC               | CORP              | AU        |     26870 | NS      | $63988.66     | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| VONOVIA SE                                    | VONOVIA SE                                  | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |      1210 | NS      | $40135.81     | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| XIOR STUDENT HOUSING NV                       | XIOR STUDENT HOUSING NV COUPON 25           | CUSIP: N/A<br>LEI: 549300JK7HFOCP0U8K85       | Long             | EC               | CORP              | BE        |      1190 | NS      | $703.30       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY LIFESTYLE PROPERTIES INC               | EQUITY LIFESTYLE PPTYS INC                  | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |       283 | NS      | $18332.74     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR INC                                       | UDR INC                                     | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |      3525 | NS      | $147627.00    | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| HELICAL PLC                                   | HELICAL BAR PLC                             | CUSIP: N/A<br>LEI: 2138003SBD2Z7WV2MP70       | Long             | EC               | CORP              | GB        |      8145 | NS      | $23446.46     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MAPLETREE PAN ASIA COMMERCIAL TRUST           | MAPLETREE PAN ASIA COMMERCIAL TRUST         | CUSIP: N/A<br>LEI: 549300BF18K4IC5LZ208       | Long             | EC               | CORP              | SG        |     20613 | NS      | $19304.48     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| UNIBAIL-RODAMCO-WESTFIELD                     | UNIBAIL-RODAMCO-WESTFIELD (STAPLED)         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |       465 | NS      | $39255.29     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL STORAGE REIT                         | NATIONAL STORAGE REIT STAPLED               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     37641 | NS      | $55347.88     | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| DREAM INDUSTRIAL REAL ESTATE INVESTMENT TRUST | DREAM INDUSTRIAL REAL ESTATE INVMT TR       | CUSIP: 26153W109<br>LEI: 549300QOI0TM3CBYUH79 | Long             | EC               | CORP              | CA        |      7191 | NS      | $55291.31     | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENCY CENTERS CORP(REIT)                    | REGENCY CENTERS CORP REIT                   | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |       687 | NS      | $49587.66     | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| NEINOR HOMES SLU                              | NEINOR HOMES SLU                            | CUSIP: N/A<br>LEI: 959800FW4JL65YWSQ217       | Long             | EC               | CORP              | ES        |      1194 | NS      | $20722.18     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| HONGKONG LAND HOLDINGS LTD                    | HONGKONG LAND HLDGS LTD                     | CUSIP: N/A<br>LEI: 213800XCHYNRPAYGXW28       | Long             | EC               | CORP              | BM        |      3664 | NS      | $17931.63     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| TANGER INC                                    | TANGER INC- REIT                            | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |       836 | NS      | $26342.36     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS INC                                  | PROLOGIS INC REIT                           | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      3846 | NS      | $393061.20    | 7.33%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Stacie M. Smith

**Signature:** Stacie M. Smith

**Name of Signer:** Stacie M. Smith

**Title:** President and Treasurer