# EDGAR Filing Document

**Accession Number:** 0001261166
**File Stem:** 0001752724-23-064049
**Filing Date:** 2023-3
**Character Count:** 59588
**Document Hash:** 38ad4270b72187773369bb29bee16fee
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-064049.hdr.sgml**: 20230322

**ACCESSION NUMBER**: 0001752724-23-064049

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230322

**DATE AS OF CHANGE**: 20230322

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND INC
- **CENTRAL INDEX KEY:** 0001261166
- **IRS NUMBER:** 161685121
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21421
- **FILM NUMBER:** 23753457

**BUSINESS ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104
- **BUSINESS PHONE:** 2124768800

**MAIL ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104

## Nport-Ex

Schedule of Investments Real Estate Securities Income Fund Inc.^ (Unaudited) <br>January 31, 2023

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Common Stocks 85.8%** | **Common Stocks 85.8%** | **Common Stocks 85.8%** |
| **Apartments 8.1%** | **Apartments 8.1%** | **Apartments 8.1%** |
| 132380 | Apartment Income REIT Corp. | $5064859<sup>(a)</sup> |
| &nbsp;&nbsp; 86130 | Equity Residential | &nbsp;&nbsp; 5482175<sup>(a)</sup> |
| &nbsp;&nbsp; 19205 | Essex Property Trust, Inc. | &nbsp;&nbsp; 4341674<sup>(a)</sup> |
|  |  | **14888708** |
| **Commercial Financing 5.4%** | **Commercial Financing 5.4%** | **Commercial Financing 5.4%** |
| 188249 | Blackstone Mortgage Trust, Inc. Class A | &nbsp;&nbsp; 4487856<sup>(a)</sup> |
| 260951 | Starwood Property Trust, Inc. | &nbsp;&nbsp; 5451266<sup>(a)</sup> |
|  |  | **9939122** |
| **Data Centers 4.1%** | **Data Centers 4.1%** | **Data Centers 4.1%** |
| &nbsp;&nbsp; 43676 | Digital Realty Trust, Inc. | &nbsp;&nbsp; 5006143<sup>(a)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp; 3400 | Equinix, Inc. | &nbsp;&nbsp; 2509642 |
|  |  | **7515785** |
| **Diversified 1.7%** | **Diversified 1.7%** | **Diversified 1.7%** |
| &nbsp;&nbsp; 36813 | WP Carey, Inc. | **3148616**<sup>(a)</sup> |
| **Free Standing 2.6%** | **Free Standing 2.6%** | **Free Standing 2.6%** |
| &nbsp;&nbsp; 71067 | Realty Income Corp. | **4820475**<sup>(a)</sup> |
| **Health Care 9.3%** | **Health Care 9.3%** | **Health Care 9.3%** |
| 151499 | Medical Properties Trust, Inc. | &nbsp;&nbsp; 1961912<sup>(a)</sup> |
| 144129 | Omega Healthcare Investors, Inc. | &nbsp;&nbsp; 4243158<sup>(a)</sup> |
| 82711 | Ventas, Inc. | &nbsp;&nbsp; 4285257<sup>(a)</sup> |
| &nbsp;&nbsp; 89515 | Welltower, Inc. | &nbsp;&nbsp; 6717205<sup>(a)</sup> |
|  |  | **17207532** |
| **Home Financing 4.4%** | **Home Financing 4.4%** | **Home Financing 4.4%** |
| 319062 | AGNC Investment Corp. | &nbsp;&nbsp; 3701119 |
| 188732 | Annaly Capital Management, Inc. | &nbsp;&nbsp; 4429540<sup>(a)</sup> |
|  |  | **8130659** |
| **Industrial 8.1%** | **Industrial 8.1%** | **Industrial 8.1%** |
| &nbsp;&nbsp; 94846 | Prologis, Inc. | &nbsp;&nbsp; 12261691<sup>(a)</sup> |
| &nbsp;&nbsp; 77074 | STAG Industrial, Inc. | &nbsp;&nbsp; 2743834<sup>(a)</sup> |
|  |  | **15005525** |
| **Infrastructure 13.3%** | **Infrastructure 13.3%** | **Infrastructure 13.3%** |
| &nbsp;&nbsp; 58919 | American Tower Corp. | &nbsp;&nbsp; 13161916<sup>(a)</sup> |
| &nbsp;&nbsp; 76848 | Crown Castle, Inc. | &nbsp;&nbsp; 11381957<sup>(a)</sup> |
|  |  | **24543873** |
| **Manufactured Homes 3.9%** | **Manufactured Homes 3.9%** | **Manufactured Homes 3.9%** |
| &nbsp;&nbsp; 52032 | Equity LifeStyle Properties, Inc. | &nbsp;&nbsp; 3734857<sup>(a)</sup> |
| &nbsp;&nbsp; 21838 | Sun Communities, Inc. | &nbsp;&nbsp; 3425509<sup>(a)</sup> |
|  |  | **7160366** |
| **Office 2.9%** | **Office 2.9%** | **Office 2.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8414 | Alexandria Real Estate Equities, Inc. | &nbsp;&nbsp; 1352466<sup>(a)</sup> |
| &nbsp;&nbsp; 26483 | Boston Properties, Inc. | &nbsp;&nbsp; 1974043<sup>(a)</sup> |
| &nbsp;&nbsp; 82265 | Vornado Realty Trust | &nbsp;&nbsp; 2006443<sup>(a)</sup> |
|  |  | **5332952** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Real Estate Securities Income Fund Inc.^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Regional Malls 5.8%** | **Regional Malls 5.8%** | **Regional Malls 5.8%** |
| &nbsp;&nbsp; 82996 | Simon Property Group, Inc. | **$10661666**<sup>(a)</sup> |
| **Self Storage 3.3%** | **Self Storage 3.3%** | **Self Storage 3.3%** |
| &nbsp;&nbsp; 20158 | Public Storage | **6134886**<sup>(a)</sup> |
| **Shopping Centers 5.6%** | **Shopping Centers 5.6%** | **Shopping Centers 5.6%** |
| 166507 | Kimco Realty Corp. | &nbsp;&nbsp; 3739747<sup>(a)</sup> |
| 344768 | Tanger Factory Outlet Centers, Inc. | &nbsp;&nbsp; 6588517<sup>(a)</sup> |
|  |  | **10328264** |
| **Single Family Homes 2.5%** | **Single Family Homes 2.5%** | **Single Family Homes 2.5%** |
| &nbsp;&nbsp; 49082 | American Homes 4 Rent Class A | &nbsp;&nbsp; 1683022 |
| &nbsp;&nbsp; 87180 | Invitation Homes, Inc. | &nbsp;&nbsp; 2833350<sup>(a)</sup> |
|  |  | **4516372** |
| **Specialty 4.8%** | **Specialty 4.8%** | **Specialty 4.8%** |
| &nbsp;&nbsp; 79374 | Iron Mountain, Inc. | &nbsp;&nbsp; 4332233<sup>(a)</sup> |
| 132025 | VICI Properties, Inc. | &nbsp;&nbsp; 4512614<sup>(a)</sup> |
|  |  | **8844847** |
| **Total Common Stocks (Cost $153,608,689)** | **Total Common Stocks (Cost $153,608,689)** | **158179648** |
| **Preferred Stocks 42.7%** | **Preferred Stocks 42.7%** | **Preferred Stocks 42.7%** |
| **Commercial Financing 0.3%** | **Commercial Financing 0.3%** | **Commercial Financing 0.3%** |
| &nbsp;&nbsp; 30000 | KKR Real Estate Finance Trust, Inc., Ser. A, 6.50% | **580500**<sup>(a)(b)</sup> |
| **Data Centers 1.0%** | **Data Centers 1.0%** | **Data Centers 1.0%** |
| &nbsp;&nbsp; 78449 | Digital Realty Trust, Inc., Ser. L, 5.20% | **1844336**<sup>(b)</sup> |
| **Diversified 1.9%** | **Diversified 1.9%** | **Diversified 1.9%** |
| 50000 | Armada Hoffler Properties, Inc., Ser. A, 6.75% | &nbsp;&nbsp; 1141500<sup>(a)(b)</sup> |
| &nbsp;&nbsp; 80155 | Gladstone Commercial Corp., Ser. G, 6.00% | &nbsp;&nbsp; 1704095<sup>(b)</sup> |
| &nbsp;&nbsp; 29000 | Global Net Lease, Inc., Ser. A, 7.25% | &nbsp;&nbsp; 693100<sup>(b)</sup> |
|  |  | **3538695** |
| **Free Standing 2.8%** | **Free Standing 2.8%** | **Free Standing 2.8%** |
| 170800 | Agree Realty Corp., Ser. A, 4.25% | &nbsp;&nbsp; 3127348<sup>(a)(b)</sup> |
| &nbsp;&nbsp; 87615 | Spirit Realty Capital, Inc., Ser. A, 6.00% | &nbsp;&nbsp; 2118531<sup>(a)(b)</sup> |
|  |  | **5245879** |
| **Lodging/Resorts 8.2%** | **Lodging/Resorts 8.2%** | **Lodging/Resorts 8.2%** |
| 118000 | Ashford Hospitality Trust, Inc., Ser. G, 7.38% | &nbsp;&nbsp; 2440346<sup>(a)(b)</sup> |
| 188700 | Chatham Lodging Trust, Ser. A, 6.63% | &nbsp;&nbsp; 4319343<sup>(a)(b)</sup> |
| 9500 | DiamondRock Hospitality Co., Ser. A, 8.25% | &nbsp;&nbsp; 244720<sup>(b)</sup> |
| 72021 | Hersha Hospitality Trust, Ser. C, 6.88% | &nbsp;&nbsp; 1523086<sup>(a)(b)</sup> |
| 33755 | Hersha Hospitality Trust, Ser. D, 6.50% | &nbsp;&nbsp; 695015<sup>(a)(b)</sup> |
| 131250 | Hersha Hospitality Trust, Ser. E, 6.50% | &nbsp;&nbsp; 2724750<sup>(a)(b)</sup> |
| 10000 | Pebblebrook Hotel Trust, Ser. H, 5.70% | &nbsp;&nbsp; 192300<sup>(b)</sup> |
| 45620 | Summit Hotel Properties, Inc., Ser. E, 6.25% | &nbsp;&nbsp; 1043320<sup>(a)(b)</sup> |
| 36990 | Summit Hotel Properties, Inc., Ser. F, 5.88% | &nbsp;&nbsp; 810451<sup>(b)</sup> |
| 33000 | Sunstone Hotel Investors, Inc., Ser. H, 6.13% | &nbsp;&nbsp; 707850<sup>(b)</sup> |
| &nbsp;&nbsp; 20000 | Sunstone Hotel Investors, Inc., Ser. I, 5.70% | &nbsp;&nbsp; 411800<sup>(b)</sup> |
|  |  | **15112981** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Real Estate Securities Income Fund Inc.^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Office 6.0%** | **Office 6.0%** | **Office 6.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6000 | Highwoods Properties, Inc., Ser. A, 8.63% | $6501600<sup>(b)(c)(d)</sup> |
| 8283 | SL Green Realty Corp., Ser. I, 6.50% | &nbsp;&nbsp; 188190<sup>(b)</sup> |
| 30000 | Vornado Realty Trust, Ser. L, 5.40% | &nbsp;&nbsp; 572400<sup>(b)</sup> |
| 107100 | Vornado Realty Trust, Ser. M, 5.25% | &nbsp;&nbsp; 2017764<sup>(b)</sup> |
| 92925 | Vornado Realty Trust, Ser. N, 5.25% | &nbsp;&nbsp; 1688447<sup>(a)(b)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp; 9143 | Vornado Realty Trust, Ser. O, 4.45% | &nbsp;&nbsp; 148208<sup>(b)</sup> |
|  |  | **11116609** |
| **Real Estate Management & Development 7.8%** | **Real Estate Management & Development 7.8%** | **Real Estate Management & Development 7.8%** |
| &nbsp;&nbsp; 50000 | Brookfield Property Partners LP, Ser. A, 5.75% | &nbsp;&nbsp; 912000<sup>(b)</sup> |
| 35581 | DigitalBridge Group, Inc., Ser. H, 7.13% | &nbsp;&nbsp; 799149<sup>(b)</sup> |
| 348616 | DigitalBridge Group, Inc., Ser. I, 7.15% | &nbsp;&nbsp; 7847346<sup>(a)(b)</sup> |
| 218350 | DigitalBridge Group, Inc., Ser. J, 7.13% | &nbsp;&nbsp; 4858288<sup>(a)(b)</sup> |
|  |  | **14416783** |
| **Regional Malls 0.1%** | **Regional Malls 0.1%** | **Regional Malls 0.1%** |
| &nbsp;&nbsp; 61942 | Pennsylvania Real Estate Investment Trust, Ser. C, 7.20% | **110257**<sup>\*(b)</sup> |
| **Self Storage 7.2%** | **Self Storage 7.2%** | **Self Storage 7.2%** |
| 44000 | Public Storage, Ser. H, 5.60% | &nbsp;&nbsp; 1121560<sup>(b)</sup> |
| 18000 | Public Storage, Ser. I, 4.88% | &nbsp;&nbsp; 408240<sup>(b)</sup> |
| 33176 | Public Storage, Ser. J, 4.70% | &nbsp;&nbsp; 719587<sup>(a)(b)</sup> |
| 102000 | Public Storage, Ser. K, 4.75% | &nbsp;&nbsp; 2234820<sup>(a)(b)</sup> |
| 80793 | Public Storage, Ser. L, 4.63% | &nbsp;&nbsp; 1729778<sup>(a)(b)</sup> |
| 31700 | Public Storage, Ser. M, 4.13% | &nbsp;&nbsp; 610542<sup>(a)(b)</sup> |
| 25000 | Public Storage, Ser. O, 3.90% | &nbsp;&nbsp; 461000<sup>(a)(b)</sup> |
| 137286 | Public Storage, Ser. P, 4.00% | &nbsp;&nbsp; 2633146<sup>(a)(b)</sup> |
| 19775 | Public Storage, Ser. Q, 3.95% | &nbsp;&nbsp; 365244<sup>(b)</sup> |
| 154200 | Public Storage, Ser. S, 4.10% | &nbsp;&nbsp; 2934426<sup>(a)(b)</sup> |
|  |  | **13218343** |
| **Shopping Centers 4.9%** | **Shopping Centers 4.9%** | **Shopping Centers 4.9%** |
| &nbsp;&nbsp; 59331 | Cedar Realty Trust, Inc., Ser. C, 6.50% | &nbsp;&nbsp; 730365<sup>(b)</sup> |
| 55600 | Federal Realty Investment Trust, Ser. C, 5.00% | &nbsp;&nbsp; 1261008<sup>(b)</sup> |
| 23369 | Kimco Realty Corp., Ser. L, 5.13% | &nbsp;&nbsp; 547068<sup>(b)</sup> |
| 50425 | Kimco Realty Corp., Ser. M, 5.25% | &nbsp;&nbsp; 1192047<sup>(b)</sup> |
| 58523 | Saul Centers, Inc., Ser. E, 6.00% | &nbsp;&nbsp; 1344273<sup>(a)(b)</sup> |
| 47845 | SITE Centers Corp., Ser. A, 6.38% | &nbsp;&nbsp; 1198039<sup>(a)(b)</sup> |
| 122250 | Urstadt Biddle Properties, Inc., Ser. K, 5.88% | &nbsp;&nbsp; 2682165<sup>(a)(b)</sup> |
|  |  | **8954965** |
| **Single Family Homes 2.1%** | **Single Family Homes 2.1%** | **Single Family Homes 2.1%** |
| 165620 | American Homes 4 Rent, Ser. G, 5.88% | **3968255**<sup>(a)(b)</sup> |
| **Specialty 0.4%** | **Specialty 0.4%** | **Specialty 0.4%** |
| &nbsp;&nbsp; 36008 | EPR Properties, Ser. G, 5.75% | **728082**<sup>(b)</sup> |
| **Total Preferred Stocks (Cost $91,814,476)** | **Total Preferred Stocks (Cost $91,814,476)** | **78835685** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Real Estate Securities Income Fund Inc.^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Number of Units** | **Number of Units** | **Value** |
| **Master Limited Partnerships and Limited Partnerships 1.7%** | **Master Limited Partnerships and Limited Partnerships 1.7%** | **Master Limited Partnerships and Limited Partnerships 1.7%** |
| **Real Estate Management & Development 1.7%** | **Real Estate Management & Development 1.7%** | **Real Estate Management & Development 1.7%** |
| 163421 | Brookfield Property Preferred LP, 6.25% **(Cost $3,881,248)** | **$3109902** |
| **Total Investments 130.2% (Cost $249,304,413)** | **Total Investments 130.2% (Cost $249,304,413)** | **240125235** |
| Liabilities Less Other Assets (30.2)% | Liabilities Less Other Assets (30.2)% | &nbsp;&nbsp;&nbsp; (55683280) |
| **Net Assets Applicable to Common Stockholders 100.0%** | **Net Assets Applicable to Common Stockholders 100.0%** | **$184441955** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

(a) All or a portion of this security is pledged with the custodian in connection with the Fund's loans payable outstanding. 

(b) Perpetual security. Perpetual securities have no stated maturity date, but they may be called/redeemed by the issuer. 

(c) Value determined using significant unobservable inputs.

(d) Security fair valued as of January 31, 2023 in accordance with procedures approved by the valuation designee. Total value of all such securities at January 31, 2023 amounted to $6,501,600, which represents 3.5% of net assets applicable to common stockholders of the Fund. 

See Notes to Schedule of Investments

------

Schedule of Investments Real Estate Securities Income Fund Inc.^ (Unaudited) (cont'd)

The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund's investments as of January 31, 2023:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3**<sup>(a)</sup> | **Total** |
| Investments: |  |  |  |  |
| Common Stocks<sup>#</sup> <br>| $158179648 | $— | $— | $158179648 |
| Preferred Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Office | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4615009 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6501600 | &nbsp;&nbsp;&nbsp;&nbsp; 11116609 |
| &nbsp;&nbsp;&nbsp; Other Preferred Stocks<sup>#</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 67719076 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 67719076 |
| Total Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp; 72334085 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6501600 | &nbsp;&nbsp;&nbsp;&nbsp; 78835685 |
| Master Limited Partnerships and Limited Partnerships<sup>#</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3109902 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3109902 |
| **Total Investments** | **$233623635** | **$—** | **$6501600** | **$240125235** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

# The Schedule of Investments provides information on the industry or sector categorization. <br> (a) The following is a reconciliation between the beginning and ending balances of investments in which unobservable inputs (Level 3) were used in determining value:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(000's** <br>**omitted)**<br>| **Beginning** <br>**balance as** <br>**of 11/1/2022**<br>| **Accrued** <br>**discounts/** <br>**(premiums)**<br>| **Realized** <br>**gain/(loss)**<br>| **Change** <br>**in unrealized** <br>**appreciation/** <br>**(depreciation)**<br>| **Purchases** | **Sales**  | **Transfers** <br>**into** <br>**Level 3**<br>| **Transfers** <br>**out of** <br>**Level 3**<br>| **Balance** <br>**as of** <br>**1/31/2023**<br>| **Net change in** <br>**unrealized** <br>**appreciation/** <br>**(depreciation)** <br>**from** <br>**investments** <br>**still held as of** <br>**1/31/2023**<br>|
| **Investments in** <br>**Securities:** <br>|  |  |  |  |  |  |  |  |  |  |
| Preferred Stocks<sup>(1)</sup> | $6367 | $— | $— | $135 | $— | $— | $— | $— | $6502 | $135 |
| **Total** | **$6367** | **$—** | **$—** | **$135** | **$—** | **$—** | **$—** | **$—** | **$6502** | **$135** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) <br>Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) <br>Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) <br>Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) <br>Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) <br>Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) <br>Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) <br>Quantitative Information about Level 3 Fair Value Measurements: |
| **Investment type** | **Fair value** <br>**at** <br>**1/31/2023**<br>| &nbsp;&nbsp; **Valuation** <br>**approach**<br>| &nbsp;&nbsp; **Unobservable** <br>**input(s)**<br>| &nbsp;&nbsp; **Input value/** <br>**range**<br>| &nbsp;&nbsp; **Weighted** <br>**average**<sup>(a)</sup><br>| **Impact to** <br>**valuation** <br>**from** <br>**increase** <br>**in input**<sup>(b)</sup><br>|
| Preferred Stock | $6501600 | Income Approach | Yield Spread | 1.08% | 1.08% | Decrease |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Schedule of Investments

------

January 31, 2023

Notes to Schedule of Investments Real Estate Securities Income Fund Inc. (Unaudited)

In accordance with Accounting Standards Codification 820 "Fair Value Measurement" ("ASC 820"), all investments held by Neuberger Berman Real Estate Securities Income Fund Inc. (the "Fund") are carried at the value that Management believes the Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Fund's investments, some of which are discussed below. At times, Management may need to apply significant judgment to value investments in accordance with ASC 820.

ASC 820 established a three-tier hierarchy of inputs to create a classification of value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – unadjusted quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.

The value of the Fund's investments in equity securities, master limited partnerships and limited partnerships, and certain preferred stocks, for which market quotations are available, is generally determined by Management by obtaining valuations from independent pricing services based on the latest sale price quoted on a principal exchange or market for that security (Level 1 inputs). Securities traded primarily on the NASDAQ Stock Market are normally valued at the NASDAQ Official Closing Price ("NOCP") provided by NASDAQ each business day. The NOCP is the most recently reported price as of 4:00:02 p.m., Eastern Time, unless that price is outside the range of the "inside" bid and asked prices (i.e., the bid and asked prices that dealers quote to each other when trading for their own accounts); in that case, NASDAQ will adjust the price to equal the inside bid or asked price, whichever is closer. Because of delays in reporting trades, the NOCP may not be based on the price of the last trade to occur before the market closes. If there is no sale of a security on a particular day, the independent pricing services may value the security based on market quotations. The value of certain preferred stock is determined by Management by obtaining valuations from independent pricing services which are based on market information which may include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, benchmark securities, bids, offers, and reference data, such as market research publications, when available (generally Level 2 inputs).

Management has developed a process to periodically review information provided by independent pricing services for all types of securities.

If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount the Fund might reasonably expect to receive on a current sale in an orderly transaction, Management seeks to obtain quotations from brokers or dealers (generally considered Level 2 or Level 3 inputs depending on the number of quotes available). If such quotations are not available, the security is valued using methods Management has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, the Fund's Board of Directors designated Management as the Fund's valuation designee. As the Fund's valuation designee, Management is responsible for determining fair value in good faith for any and all Fund investments. Inputs and assumptions considered in determining the fair value of a security based on Level 2 or Level 3 inputs may include, but are not limited to, the type of the security; the initial cost of the security; the existence of any contractual restrictions on the security's disposition; the price and extent of public trading in similar securities of the issuer or of comparable companies; quotations or evaluated prices from

For information on the Fund's significant accounting policies, please refer to the Fund's most recent stockholder reports.

------

Notes to Schedule of Investments Real Estate Securities Income Fund Inc. (Unaudited) (cont'd)

broker-dealers and/or pricing services; information obtained from the issuer and/or analysts; an analysis of the company's or issuer's financial statements; an evaluation of the inputs that influence the issuer and the market(s) in which the security is purchased and sold.

The value of the Fund's investments in foreign securities is generally determined using the same valuation methods and inputs as other Fund investments, as discussed above. Foreign security prices expressed in local currency values are normally translated from the local currency into U.S. dollars using the exchange rates as of 4:00 p.m., Eastern Time on days the New York Stock Exchange ("NYSE") is open for business. Management has approved the use of ICE Data Services ("ICE") to assist in determining the fair value of foreign equity securities when changes in the value of a certain index suggest that the closing prices on the foreign exchanges may no longer represent the amount that the Fund could expect to receive for those securities or on days when foreign markets are closed and U.S. markets are open. In each of these events, ICE will provide adjusted prices for certain foreign equity securities using a statistical analysis of historical correlations of multiple factors (Level 2 inputs). In the absence of precise information about the market values of these foreign securities as of the time as of which the Fund's share price is calculated, Management has determined on the basis of available data that prices adjusted or evaluated in this way are likely to be closer to the prices the Fund could realize on a current sale than are the prices of those securities established at the close of the foreign markets in which the securities primarily trade.

Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or next trades.

**Other Matters:** 

**Coronavirus**: The outbreak of the novel coronavirus in many countries has, among other things, disrupted global travel and supply chains, and adversely impacted global commercial activity, the transportation industry and commodity prices in the energy sector. The impact of this virus has negatively affected and may continue to affect the economies of many nations, individual companies and the global securities and commodities markets, including liquidity and volatility. The development and fluidity of this situation precludes any prediction as to its ultimate impact, which may have a continued adverse effect on global economic and market conditions. Such conditions (which may be across industries, sectors or geographies) have impacted and may continue to impact certain issuers of the securities held by the Fund and in turn, may impact the financial performance of the Fund.

**Russia's Invasion of Ukraine:** Russia's invasion of Ukraine, and corresponding events in late February 2022, have had, and could continue to have, severe adverse effects on regional and global economic markets for securities and commodities. Following Russia's actions, various governments, including the United States, have issued broad-ranging economic sanctions against Russia. The current events have had, and could continue to have, an adverse effect on global markets performance and liquidity, thereby negatively affecting the value of the Fund's investments beyond any direct exposure to Russian or Ukrainian issuers. The duration of ongoing hostilities and the vast array of sanctions and related events cannot be predicted. Those events present material uncertainty and risk with respect to markets globally and the performance of the Fund and its investments or operations could be negatively impacted.

For information on the Fund's significant accounting policies, please refer to the Fund's most recent stockholder reports.

------

Notes to Schedule of Investments Real Estate Securities Income Fund Inc. (Unaudited) (cont'd)

Legend

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Other Abbreviations:**  | **Other Abbreviations:**  |
| Management | = Neuberger Berman Investment Advisers LLC |

---

For information on the Fund's significant accounting policies, please refer to the Fund's most recent stockholder reports.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND INC

- **b. Investment Company Act file number:** 811-21421

- **c. CIK number of Registrant:** 0001261166

- **d. LEI of Registrant:** 549300WU72ZN21PNWQ56

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

  - **Street Address 1:** 1290 AVENUE OF THE AMERICAS

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10104

  - **Telephone number:** 212-476-8800

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

- **a. Name of Series:** NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND INC

- **c. LEI of Series:** 549300WU72ZN21PNWQ56

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $244843524.97

**Total Liabilities:** $60400945.30

**Net Assets:** $184442579.67

**Cash Not Reported:** $4417191.67

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 6.26%                | -10.73%              | 16.32%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-697185.90              | $13374849.74                               |
| Month 2  | $-2093316.10             | $-9368599.79                               |
| Month 3  | $-342361.58              | $23972181.36                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Hersha Hospitality Trust            | Hersha Hospitality Trust                  | CUSIP: 427825609<br>LEI: 549300DNC58BIN1VO064 | Long             | EP               |  | US        |     33755 | NS      | $695015.45    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors Inc      | Omega Healthcare Investors Inc            | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               |  | US        |    144129 | NS      | $4243157.76   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                      | Public Storage                            | CUSIP: 74460W628<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               |  | US        |     18000 | NS      | $408240.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                  | Equity Residential                        | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               |  | US        |     86130 | NS      | $5482174.50   | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                       | Welltower Inc                             | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               |  | US        |     89515 | NS      | $6717205.60   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| PENN REAL ESTATE INVEST             | Pennsylvania Real Estate Investment Trust | CUSIP: 709102602<br>LEI: 5493001GPBXRIG8WJO70 | Long             | EP               |  | US        |     61942 | NS      | $110256.76    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Factory Outlet Centers Inc   | Tanger Factory Outlet Centers Inc         | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               |  | US        |    344768 | NS      | $6588516.48   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                  | Realty Income Corp                        | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               |  | US        |     71067 | NS      | $4820474.61   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Hersha Hospitality Trust            | Hersha Hospitality Trust                  | CUSIP: 427825708<br>LEI: 549300DNC58BIN1VO064 | Long             | EP               |  | US        |    131250 | NS      | $2724750.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey Inc                        | WP Carey Inc                              | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               |  | US        |     36813 | NS      | $3148615.89   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC Investment Corp                | AGNC Investment Corp                      | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               |  | US        |    319062 | NS      | $3701119.20   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                          | Ventas Inc                                | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |     82711 | NS      | $4285256.91   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease Inc                | Global Net Lease Inc                      | CUSIP: 379378300<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               |  | US        |     29000 | NS      | $693100.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                      | Public Storage                            | CUSIP: 74460W594<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               |  | US        |     33176 | NS      | $719587.44    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC             | DigitalBridge Group Inc                   | CUSIP: 25401T504<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |     35581 | NS      | $799149.26    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                   | Kimco Realty Corp                         | CUSIP: 49446R737<br>LEI: 549300EA7I6T15IBYS12 | Long             | EP               |  | US        |     23369 | NS      | $547068.29    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                 | Sun Communities Inc                       | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |     21838 | NS      | $3425508.68   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Properties Inc               | Boston Properties Inc                     | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               |  | US        |     26483 | NS      | $1974042.82   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                        | Prologis Inc                              | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |     94846 | NS      | $12261690.88  | 6.65%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent               | American Homes 4 Rent                     | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |     49082 | NS      | $1683021.78   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                      | Public Storage                            | CUSIP: 74460W461<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               |  | US        |    137286 | NS      | $2633145.48   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                      | Public Storage                            | CUSIP: 74460W446<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |     19775 | NS      | $365244.25    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL REALTY INVS TRST            | Federal Realty Investment Trust           | CUSIP: 313745200<br>LEI: 549300LI6XZ51GOCJ427 | Long             | EP               |  | US        |     55600 | NS      | $1261008.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                   | Kimco Realty Corp                         | CUSIP: 49446R711<br>LEI: 549300EA7I6T15IBYS12 | Long             | EP               |  | US        |     50425 | NS      | $1192047.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNSTONE HOTEL INVESTORS            | Sunstone Hotel Investors Inc              | CUSIP: 867892804<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               |  | US        |     33000 | NS      | $707850.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                 | American Tower Corp                       | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |     58919 | NS      | $13161915.41  | 7.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                      | Public Storage                            | CUSIP: 74460W644<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               |  | US        |     44000 | NS      | $1121560.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                      | Public Storage                            | CUSIP: 74460W487<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               |  | US        |     25000 | NS      | $461000.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities Inc | Alexandria Real Estate Equities Inc       | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               |  | US        |      8414 | NS      | $1352466.36   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE Centers Corp                   | SITE Centers Corp                         | CUSIP: 82981J877<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EP               |  | US        |     47845 | NS      | $1198038.80   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc            | Digital Realty Trust Inc                  | CUSIP: 253868822<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               |  | US        |     78449 | NS      | $1844335.99   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                | Vornado Realty Trust                      | CUSIP: 929042828<br>LEI: N/A                  | Long             | EP               |  | US        |    107100 | NS      | $2017764.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle International Corp     | Crown Castle Inc                          | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |     76848 | NS      | $11381957.28  | 6.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                      | Public Storage                            | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               |  | US        |     20158 | NS      | $6134885.72   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUL CENTERS INC                    | Saul Centers Inc                          | CUSIP: 804395879<br>LEI: N/A                  | Long             | EP               |  | US        |     58523 | NS      | $1344273.31   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC             | DigitalBridge Group Inc                   | CUSIP: 25401T306<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |    218350 | NS      | $4858287.50   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                      | Public Storage                            | CUSIP: 74460W396<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               |  | US        |    154200 | NS      | $2934426.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES             | Summit Hotel Properties Inc               | CUSIP: 866082704<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               |  | US        |     36990 | NS      | $810450.90    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust Inc         | Starwood Property Trust Inc               | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               |  | US        |    260951 | NS      | $5451266.39   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                   | Kimco Realty Corp                         | CUSIP: 49446R109<br>LEI: 549300EA7I6T15IBYS12 | Long             | EC               |  | US        |    166507 | NS      | $3739747.22   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent               | American Homes 4 Rent                     | CUSIP: 02665T876<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EP               |  | US        |    165620 | NS      | $3968255.20   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc            | Essex Property Trust Inc                  | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |     19205 | NS      | $4341674.35   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                      | EPR Properties                            | CUSIP: 26884U505<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               |  | US        |     36008 | NS      | $728081.76    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES             | Summit Hotel Properties Inc               | CUSIP: 866082605<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               |  | US        |     45620 | NS      | $1043320.28   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                | Vornado Realty Trust                      | CUSIP: 929042844<br>LEI: N/A                  | Long             | EP               |  | US        |     30000 | NS      | $572400.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                   | Iron Mountain Inc                         | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |     79374 | NS      | $4332232.92   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                | Vornado Realty Trust                      | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               |  | US        |     82265 | NS      | $2006443.35   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMADA HOFFLER PROPERTIE            | Armada Hoffler Properties Inc             | CUSIP: 04208T207<br>LEI: 549300WQRSIV6XZT9313 | Long             | EP               |  | US        |     50000 | NS      | $1141500.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR REAL ESTATE FIN                 | KKR Real Estate Finance Trust Inc         | CUSIP: 48251K209<br>LEI: 549300K23AYZDZ2REL62 | Long             | EP               |  | US        |     30000 | NS      | $580500.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIRIT REALTY CAPITAL IN            | Spirit Realty Capital Inc                 | CUSIP: 84860W201<br>LEI: 549300LTU6LVPZSHMJ25 | Long             | EP               |  | US        |     87615 | NS      | $2118530.70   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST                | Vornado Realty Trust                      | CUSIP: 929042810<br>LEI: N/A                  | Long             | EP               |  | US        |     92925 | NS      | $1688447.25   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| HERSHA HOSPITALITY TRUST            | Hersha Hospitality Trust                  | CUSIP: 427825401<br>LEI: 549300DNC58BIN1VO064 | Long             | EP               |  | US        |     72021 | NS      | $1523085.70   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| URSTADT BIDDLE PROPERTIE            | Urstadt Biddle Properties Inc             | CUSIP: 917286874<br>LEI: 549300XXD0YL0AER3Z82 | Long             | EP               |  | US        |    122250 | NS      | $2682165.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                 | VICI Properties Inc                       | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |    132025 | NS      | $4512614.50   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc            | Simon Property Group Inc                  | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |     82996 | NS      | $10661666.16  | 5.78%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC             | DigitalBridge Group Inc                   | CUSIP: 25401T405<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |    348616 | NS      | $7847346.16   | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGHWOODS PROPERTIES                | Highwoods Properties Inc                  | CUSIP: 431284207<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EP               |  | US        |      6000 | NS      | $6501600.00   | 3.52%             |  |  |  | No            |                  3 | On Loan: No      |
| BROOKFIELD PROP PFD LP              | Brookfield Property Preferred LP          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    163421 | NS      | $3109901.63   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                      | Public Storage                            | CUSIP: 74460W537<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               |  | US        |     31700 | NS      | $610542.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ASHFORD HOSPITALITY TRUS            | Ashford Hospitality Trust Inc             | CUSIP: 044103703<br>LEI: N/A                  | Long             | EP               |  | US        |    118000 | NS      | $2440346.20   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Cedar Realty Trust Inc              | Cedar Realty Trust Inc                    | CUSIP: 150602506<br>LEI: 54930056URX93R2RSN82 | Long             | EP               |  | US        |     59331 | NS      | $730364.61    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| GLADSTONE COMMER                    | Gladstone Commercial Corp                 | CUSIP: 376536884<br>LEI: 529900EVVV534W8R0T32 | Long             | EP               |  | US        |     80155 | NS      | $1704095.30   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Mortgage Trust Inc       | Blackstone Mortgage Trust Inc             | CUSIP: 09257W100<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | EC               |  | US        |    188249 | NS      | $4487856.16   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AGREE REALTY CORP                   | Agree Realty Corp                         | CUSIP: 008492209<br>LEI: N/A                  | Long             | EP               |  | US        |    170800 | NS      | $3127348.00   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Income REIT Corp          | Apartment Income REIT Corp                | CUSIP: 03750L109<br>LEI: N/A                  | Long             | EC               |  | US        |    132380 | NS      | $5064858.80   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust Inc        | Medical Properties Trust Inc              | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               |  | US        |    151499 | NS      | $1961912.05   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc            | Digital Realty Trust Inc                  | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |     43676 | NS      | $5006143.12   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                 | STAG Industrial Inc                       | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               |  | US        |     77074 | NS      | $2743834.40   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CHATHAM LODGING                     | Chatham Lodging Trust                     | CUSIP: 16208T201<br>LEI: N/A                  | Long             | EP               |  | US        |    188700 | NS      | $4319343.00   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                         | Equinix Inc                               | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |      3400 | NS      | $2509642.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc     | Equity LifeStyle Properties Inc           | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |     52032 | NS      | $3734856.96   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp                | SL Green Realty Corp                      | CUSIP: 78440X507<br>LEI: 549300VQZPJU97H3GT17 | Long             | EP               |  | US        |      8283 | NS      | $188189.76    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                      | Public Storage                            | CUSIP: 74460W578<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               |  | US        |    102000 | NS      | $2234820.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST             | Pebblebrook Hotel Trust                   | CUSIP: 70509V886<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               |  | US        |     10000 | NS      | $192300.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc                | Invitation Homes Inc                      | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               |  | US        |     87180 | NS      | $2833350.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNSTONE HOTEL INVESTORS            | Sunstone Hotel Investors Inc              | CUSIP: 867892887<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               |  | US        |     20000 | NS      | $411800.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDROCK HOSPITALITY             | DiamondRock Hospitality Co                | CUSIP: 252784400<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EP               |  | US        |      9500 | NS      | $244720.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management Inc       | Annaly Capital Management Inc             | CUSIP: 000000000<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               |  | US        |    188732 | NS      | $4429540.04   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                      | Public Storage                            | CUSIP: 74460W552<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               |  | US        |     80793 | NS      | $1729778.13   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD PROPERTY PART            | Brookfield Property Partners LP           | CUSIP: 000000000<br>LEI: 5493004J5Z0TZW83NU62 | Long             | EP               | CORP              | BM        |     50000 | NS      | $912000.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST                | Vornado Realty Trust                      | CUSIP: 929042794<br>LEI: N/A                  | Long             | EP               |  | US        |      9143 | NS      | $148208.03    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-23

**Name of Applicant:** NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND INC

**Signature:** John McGovern

**Name of Signer:** John McGovern

**Title:** Treasurer