Portfolio
of
Investments
March
31,
2026
JRS
(Unaudited)
SHARES
DESCRIPTION
VALUE
LONG-TERM
INVESTMENTS
-
141.1%
(97.3%
of
Total
Investments)
244307715
COMMON
STOCKS
-
103
.2
%
(
71
.2
%
of
Total
Investments)
244307715
DATA
CENTER
REITS
-
13.4%
84,112
Digital
Realty
Trust,
Inc
$
15,157,823
16,971
Equinix,
Inc
16,635,653
TOTAL
DATA
CENTER
REITS
31,793,476
HEALTH
CARE
REITS
-
16.3%
72,944
Alexandria
Real
Estate
Equities,
Inc
3,386,060
487,343
Healthpeak
Properties,
Inc
8,007,046
94,218
(a)
Janus
Living,
Inc
2,220,718
178,950
Ventas,
Inc
14,634,531
52,491
Welltower,
Inc
10,377,996
TOTAL
HEALTH
CARE
REITS
38,626,351
HOTEL
&
RESORT
REITS
-
3.5%
244,636
Host
Hotels
&
Resorts,
Inc
4,687,226
230,120
Pebblebrook
Hotel
Trust
2,906,416
78,955
Sunstone
Hotel
Investors,
Inc
711,384
TOTAL
HOTEL
&
RESORT
REITS
8,305,026
INDUSTRIAL
REITS
-
13.7%
144,750
First
Industrial
Realty
Trust,
Inc
8,373,788
182,602
ProLogis,
Inc
24,136,332
TOTAL
INDUSTRIAL
REITS
32,510,120
MULTI-FAMILY
RESIDENTIAL
REITS
-
10.2%
28,527
AvalonBay
Communities,
Inc
4,659,886
69,784
Camden
Property
Trust
6,815,105
87,059
Equity
Residential
5,149,540
21,120
Essex
Property
Trust,
Inc
5,111,040
70,955
UDR,
Inc
2,396,860
TOTAL
MULTI-FAMILY
RESIDENTIAL
REITS
24,132,431
OFFICE
REITS
-
7.0%
119,875
BXP,
Inc
6,221,513
100,605
Cousins
Properties,
Inc
2,270,655
217,290
Douglas
Emmett,
Inc
2,046,872
101,035
Kilroy
Realty
Corp
2,850,197
82,115
SL
Green
Realty
Corp
3,033,328
TOTAL
OFFICE
REITS
16,422,565
OTHER
SPECIALIZED
REITS
-
2.9%
250,390
VICI
Properties,
Inc
6,840,655
TOTAL
OTHER
SPECIALIZED
REITS
6,840,655
RETAIL
REITS
-
21.4%
89,530
Acadia
Realty
Trust
1,711,813
69,965
Agree
Realty
Corp
5,273,962
71,980
Federal
Realty
Investment
Trust
7,644,996
182,115
Kimco
Realty
Corp
4,092,124
270,061
Kite
Realty
Group
Trust
6,629,997
290,469
Macerich
Co
5,489,864
149,060
NNN
REIT,
Inc
6,264,992
103,460
Realty
Income
Corp
6,329,683
38,789
Simon
Property
Group,
Inc
7,235,312
TOTAL
RETAIL
REITS
50,672,743
SELF-STORAGE
REITS
-
7.2%
180,727
CubeSmart
6,623,644
31,299
Extra
Space
Storage,
Inc
4,104,238
23,475
Public
Storage
6,358,908
TOTAL
SELF-STORAGE
REITS
17,086,790
SINGLE-FAMILY
RESIDENTIAL
REITS
-
5.5%
149,902
American
Homes
4
Rent,
Class
A
4,185,264
170,705
Invitation
Homes,
Inc
4,242,019
35,855
Sun
Communities,
Inc
4,516,296
TOTAL
SINGLE-FAMILY
RESIDENTIAL
REITS
12,943,579
Portfolio
of
Investments
March
31,
2026
(continued)
JRS
SHARES
DESCRIPTION
VALUE
TELECOM
TOWER
REITS
-
2.1%
28,900
SBA
Communications
Corp
$
4,973,979
TOTAL
TELECOM
TOWER
REITS
4,973,979
TOTAL
COMMON
STOCKS
(Cost
$187,864,539)
244,307,715
SHARES
DESCRIPTION
RATE
VALUE
1,801,761
CONVERTIBLE
PREFERRED
SECURITIES
-
0
.7
%
(
0
.5
%
of
Total
Investments)
1,801,761
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
0.7%
30,155
Kimco
Realty
Corp
7
.250
%
1,801,761
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
1,801,761
TOTAL
CONVERTIBLE
PREFERRED
SECURITIES
(Cost
$1,495,537)
1,801,761
SHARES
DESCRIPTION
RATE
VALUE
88002265
PREFERRED
STOCK
-
37
.2
%
(
25
.6
%
of
Total
Investments)
88002265
ASSET
MANAGEMENT
&
CUSTODY
BANKS
-
0.7%
44,840
DigitalBridge
Group,
Inc
7
.125
738,963
52,815
DigitalBridge
Group,
Inc
7
.150
858,244
TOTAL
ASSET
MANAGEMENT
&
CUSTODY
BANKS
1,597,207
DATA
CENTER
REITS
-
3.7%
194,120
Digital
Realty
Trust,
Inc
5
.200
3,765,928
134,245
Digital
Realty
Trust,
Inc
5
.850
2,954,732
95,960
Digital
Realty
Trust,
Inc
5
.250
1,944,149
TOTAL
DATA
CENTER
REITS
8,664,809
DIVERSIFIED
REITS
-
0.4%
34,560
AH
Realty
Trust,
Inc
6
.750
752,026
10,000
CTO
Realty
Growth,
Inc
6
.375
202,200
TOTAL
DIVERSIFIED
REITS
954,226
HOTEL
&
RESORT
REITS
-
3.8%
90,130
Chatham
Lodging
Trust
6
.625
1,802,600
21,740
Pebblebrook
Hotel
Trust
6
.300
419,582
151,610
Pebblebrook
Hotel
Trust
6
.375
2,941,234
88,100
Pebblebrook
Hotel
Trust
5
.700
1,532,059
55,820
Sunstone
Hotel
Investors,
Inc
6
.125
1,076,768
69,935
Sunstone
Hotel
Investors,
Inc
5
.700
1,309,183
TOTAL
HOTEL
&
RESORT
REITS
9,081,426
INDUSTRIAL
REITS
-
2.8%
56,719
ProLogis,
Inc
8
.540
2,963,794
22,741
Rexford
Industrial
Realty,
Inc
5
.875
491,547
158,030
Rexford
Industrial
Realty,
Inc
5
.625
3,239,615
TOTAL
INDUSTRIAL
REITS
6,694,956
MULTI-FAMILY
RESIDENTIAL
REITS
-
0.8%
34,353
Mid-America
Apartment
Communities,
Inc
8
.500
1,840,290
TOTAL
MULTI-FAMILY
RESIDENTIAL
REITS
1,840,290
OFFICE
REITS
-
11.8%
12,713
Highwoods
Properties,
Inc
8
.625
13,121,926
144,320
SL
Green
Realty
Corp
6
.500
2,929,696
176,330
Vornado
Realty
Trust
4
.450
2,514,466
226,090
Vornado
Realty
Trust
5
.250
3,673,963
222,827
Vornado
Realty
Trust
5
.250
3,607,569
126,524
Vornado
Realty
Trust
5
.400
2,049,689
TOTAL
OFFICE
REITS
27,897,309
OTHER
SPECIALIZED
REITS
-
0.1%
12,465
EPR
Properties
5
.750
252,167
TOTAL
OTHER
SPECIALIZED
REITS
252,167
RETAIL
REITS
-
6.8%
99,265
Agree
Realty
Corp
4
.250
1,667,652
134,110
Federal
Realty
Investment
Trust
5
.000
2,586,982
156,704
Kimco
Realty
Corp
5
.250
3,134,080
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets
applicable
to
common
shares
unless
otherwise
noted.
SHARES
DESCRIPTION
RATE
VALUE
RETAIL
REITS
(continued)
124,919
Kimco
Realty
Corp
5
.125
%
$
2,419,681
51,590
Regency
Centers
Corp
5
.875
1,135,496
73,095
Regency
Centers
Corp
6
.250
1,633,673
19,725
Saul
Centers,
Inc
6
.125
406,335
127,775
Saul
Centers,
Inc
6
.000
2,886,437
3,184
Simon
Property
Group,
Inc
8
.375
169,835
TOTAL
RETAIL
REITS
16,040,171
SELF-STORAGE
REITS
-
4.8%
44,661
National
Storage
Affiliates
Trust
6
.000
1,012,465
3,225
Public
Storage
4
.000
49,117
76,355
Public
Storage
4
.000
1,162,887
2,940
Public
Storage
3
.900
44,188
94,490
Public
Storage
4
.625
1,655,465
26,360
Public
Storage
4
.750
478,698
26,680
Public
Storage
4
.700
476,505
83,290
Public
Storage
4
.875
1,550,027
142,370
Public
Storage
5
.600
3,106,513
102,599
Public
Storage
5
.050
1,983,239
TOTAL
SELF-STORAGE
REITS
11,519,104
SINGLE-FAMILY
RESIDENTIAL
REITS
-
1.5%
102,970
American
Homes
4
Rent
6
.250
2,435,240
34,615
American
Homes
4
Rent
5
.875
772,607
12,175
UMH
Properties,
Inc
6
.375
252,753
TOTAL
SINGLE-FAMILY
RESIDENTIAL
REITS
3,460,600
TOTAL
PREFERRED
STOCK
(Cost
$107,604,043)
88,002,265
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$296,964,119)
334,111,741
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM
INVESTMENTS
-
3.9%(2.7%
of
Total
Investments)
9198013
REPURCHASE
AGREEMENTS
-
3
.9
%
(
2
.7
%
of
Total
Investments)
9198013
$
298,013
(b)
Fixed
Income
Clearing
Corporation
1
.060
04/01/26
298,013
8,900,000
(c)
Fixed
Income
Clearing
Corporation
3
.600
04/01/26
8,900,000
TOTAL
REPURCHASE
AGREEMENTS
(Cost
$9,198,013)
9,198,013
TOTAL
SHORT-TERM
INVESTMENTS
(Cost
$9,198,013)
9,198,013
TOTAL
INVESTMENTS
-
145
.0
%
(Cost
$
306,162,132
)
343,309,754
BORROWINGS
-
(43.2)%
(d),(e)
(
102,400,000
)
OTHER
ASSETS
&
LIABILITIES,
NET
- (1.8)%
(
4,140,720
)
NET
ASSETS
APPLICABLE
TO
COMMON
SHARES
-
100%
$
236,769,034
REIT
Real
Estate
Investment
Trust
(a)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(b)
Agreement
with
Fixed
Income
Clearing
Corporation,
1.060%
dated
3/31/26
to
be
repurchased
at
$298,022
on
4/1/26,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
3.375%
and
maturity
date
11/30/27,
valued
at
$304,068.
(c)
Agreement
with
Fixed
Income
Clearing
Corporation,
3.600%
dated
3/31/26
to
be
repurchased
at
$8,900,890
on
4/1/26,
collateralized
by
Government
Agency
Securities,
with
coupon
rate
4.625%
and
maturity
date
11/15/55,
valued
at
$9,078,146.
(d)
Borrowings
as
a
percentage
of
Total
Investments
is
29.8%.
(e)
The
Fund
may
pledge
up
to
100%
of
its
eligible
investments
(excluding
any
investments
separately
pledged
as
collateral
for
specific
investments
in
derivatives,
when
applicable)
in
the
Portfolio
of
Investments
as
collateral
for
borrowings.
As
of
the
end
of
the
reporting
period,
investments
with
a
value
of
$208,120,979
have
been
pledged
as
collateral
for
borrowings.
Portfolio
of
Investments
March
31,
2026
(continued)
JRS
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
JRS
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
244,307,715
$
–
$
–
$
244,307,715
Convertible
Preferred
Securities
1,801,761
–
–
1,801,761
Preferred
Stock
88,002,265
–
–
88,002,265
Short-Term
Investments:
Repurchase
Agreements
–
9,198,013
–
9,198,013
Total
$
334,111,741
$
9,198,013
$
–
$
343,309,754