|
SECURITY
|
NUMBER
OF SHARES
|
VALUE ($)
|
|
COMMON STOCKS 99.2% OF NET ASSETS
|
||
|
|
||
|
Australia 2.8%
|
||
|
Charter Hall Group
|
9,730
|
142,403
|
|
Dexus
|
35,664
|
143,585
|
|
Goodman Group
|
14,737
|
334,891
|
|
GPT Group
|
46,204
|
160,906
|
|
Mirvac Group
|
193,236
|
234,543
|
|
Region Group
|
40,951
|
66,798
|
|
Scentre Group
|
151,299
|
415,664
|
|
Stockland
|
105,029
|
308,677
|
|
Vicinity Ltd.
|
139,404
|
253,057
|
|
|
|
2,060,524
|
|
|
||
|
Belgium 0.3%
|
||
|
Aedifica SA
|
906
|
74,736
|
|
Cofinimmo SA
|
1,010
|
97,838
|
|
Warehouses De Pauw CVA
|
2,734
|
70,807
|
|
|
|
243,381
|
|
|
||
|
Brazil 0.1%
|
||
|
Allos SA
|
3,300
|
18,454
|
|
Cyrela Brazil Realty SA Empreendimentos e
Participacoes
|
14,840
|
66,249
|
|
|
|
84,703
|
|
|
||
|
Canada 2.3%
|
||
|
Allied Properties Real Estate Investment
Trust
|
10,857
|
79,145
|
|
Altus Group Ltd.
|
1,381
|
42,372
|
|
Canadian Apartment Properties REIT
|
5,886
|
149,685
|
|
Choice Properties Real Estate Investment
Trust
|
8,561
|
97,803
|
|
Colliers International Group, Inc.
|
1,077
|
101,642
|
|
Crombie Real Estate Investment Trust
|
7,105
|
86,786
|
|
Dream Industrial Real Estate Investment
Trust
|
7,545
|
76,728
|
|
First Capital Real Estate Investment Trust
|
8,263
|
140,848
|
|
FirstService Corp.
|
949
|
127,222
|
|
Granite Real Estate Investment Trust
|
1,830
|
127,907
|
|
H&R Real Estate Investment Trust
|
21,861
|
164,277
|
|
Killam Apartment Real Estate Investment
Trust
|
3,824
|
50,870
|
|
RioCan Real Estate Investment Trust
|
16,874
|
271,595
|
|
SmartCentres Real Estate Investment Trust
|
4,982
|
104,724
|
|
Vital Infrastructure Property Trust
|
12,343
|
48,077
|
|
|
|
1,669,681
|
|
|
||
|
China 6.5%
|
||
|
A-Living Smart City Services Co. Ltd.,
H Shares
|
199,250
|
59,537
|
|
C&D International Investment Group Ltd.
|
30,719
|
61,854
|
|
China Merchants Shekou Industrial Zone
Holdings Co. Ltd., A Shares
|
71,200
|
92,848
|
|
China Resources Land Ltd.
|
296,500
|
1,335,329
|
|
China Resources Mixc Lifestyle Services Ltd.
|
9,400
|
49,884
|
|
SECURITY
|
NUMBER
OF SHARES
|
VALUE ($)
|
|
China Vanke Co. Ltd., A Shares *
|
539,900
|
283,293
|
|
China Vanke Co. Ltd., H Shares *
|
881,500
|
304,957
|
|
Country Garden Services Holdings Co. Ltd.
|
263,900
|
195,916
|
|
Gemdale Corp., A Shares *
|
191,200
|
77,728
|
|
Greentown China Holdings Ltd.
|
144,500
|
163,549
|
|
Greentown Service Group Co. Ltd.
|
88,000
|
49,730
|
|
Guangzhou R&F Properties Co. Ltd.,
H Shares *(a)
|
1,267,422
|
57,412
|
|
Hopson Development Holdings Ltd. *(b)
|
225,100
|
77,035
|
|
KE Holdings, Inc., ADR
|
29,307
|
486,496
|
|
Logan Group Co. Ltd. *
|
49,000
|
8,259
|
|
Longfor Group Holdings Ltd.
|
514,000
|
514,106
|
|
Onewo, Inc., H Shares
|
6,300
|
14,111
|
|
Poly Developments & Holdings Group Co.
Ltd., A Shares
|
289,700
|
247,120
|
|
Red Star Macalline Group Corp. Ltd.,
H Shares *
|
217,200
|
34,662
|
|
Seazen Group Ltd. *
|
836,000
|
194,067
|
|
Seazen Holdings Co. Ltd., A Shares *
|
28,300
|
54,883
|
|
Shenzhen Overseas Chinese Town Co. Ltd.,
A Shares *
|
229,900
|
65,916
|
|
Shui On Land Ltd. *
|
899,000
|
55,120
|
|
Sunac China Holdings Ltd. *
|
1,679,000
|
203,645
|
|
Zhuhai Huafa Properties Co. Ltd., A Shares
|
96,200
|
41,665
|
|
|
|
4,729,122
|
|
|
||
|
France 2.1%
|
||
|
Carmila SA
|
3,557
|
68,911
|
|
Covivio SA
|
2,346
|
150,680
|
|
Gecina SA
|
1,688
|
144,291
|
|
ICADE *(a)
|
4,967
|
121,695
|
|
Klepierre SA
|
7,080
|
288,819
|
|
Mercialys SA
|
3,885
|
53,657
|
|
Nexity SA *
|
14,444
|
137,567
|
|
Unibail-Rodamco-Westfield *
|
4,823
|
557,535
|
|
|
|
1,523,155
|
|
|
||
|
Germany 1.1%
|
||
|
LEG Immobilien SE
|
2,427
|
157,573
|
|
TAG Immobilien AG
|
6,208
|
102,730
|
|
Vonovia SE
|
21,546
|
537,005
|
|
|
|
797,308
|
|
|
||
|
Guernsey 0.0%
|
||
|
Sirius Real Estate Ltd.
|
10,748
|
14,228
|
|
|
||
|
Hong Kong 10.3%
|
||
|
China Jinmao Holdings Group Ltd.
|
869,000
|
193,006
|
|
China Overseas Grand Oceans Group Ltd.
|
526,000
|
194,643
|
|
China Overseas Land & Investment Ltd.
|
674,000
|
1,340,639
|
|
CK Asset Holdings Ltd.
|
143,450
|
866,098
|
|
Fortune Real Estate Investment Trust
|
72,000
|
44,387
|
|
Hang Lung Group Ltd.
|
68,000
|
126,436
|
|
Hang Lung Properties Ltd.
|
86,697
|
88,983
|
|
Henderson Land Development Co. Ltd.
|
57,866
|
228,460
|
|
Hongkong Land Holdings Ltd.
|
40,727
|
310,459
|
|
Hysan Development Co. Ltd.
|
34,500
|
82,112
|
|
SECURITY
|
NUMBER
OF SHARES
|
VALUE ($)
|
|
Jiayuan International Group Ltd. *(b)
|
534,000
|
0
|
|
Kerry Properties Ltd.
|
54,500
|
144,076
|
|
Link REIT
|
87,100
|
448,984
|
|
New World Development Co. Ltd. *
|
548,460
|
575,761
|
|
Poly Property Group Co. Ltd.
|
683,000
|
181,481
|
|
Shanghai Industrial Holdings Ltd.
|
70,000
|
134,861
|
|
Shenzhen Investment Ltd. *
|
606,000
|
61,088
|
|
Shinsun Holdings Group Co. Ltd. *(b)
|
1,290,000
|
0
|
|
Sino Land Co. Ltd.
|
111,797
|
168,472
|
|
Sun Hung Kai Properties Ltd.
|
65,842
|
1,105,798
|
|
Swire Pacific Ltd., A Shares
|
38,500
|
400,646
|
|
Swire Pacific Ltd., B Shares
|
77,500
|
128,845
|
|
Swire Properties Ltd.
|
36,600
|
103,920
|
|
Wharf Holdings Ltd.
|
37,000
|
104,680
|
|
Wharf Real Estate Investment Co. Ltd.
|
88,400
|
270,924
|
|
Yuexiu Property Co. Ltd.
|
288,359
|
160,755
|
|
|
|
7,465,514
|
|
|
||
|
Israel 0.4%
|
||
|
Alony Hetz Properties & Investments Ltd.
|
6,426
|
81,388
|
|
Azrieli Group Ltd.
|
447
|
73,858
|
|
Elco Ltd.
|
779
|
40,877
|
|
Mivne Real Estate KD Ltd.
|
11,826
|
60,125
|
|
|
|
256,248
|
|
|
||
|
Japan 9.7%
|
||
|
Activia Properties, Inc.
|
73
|
59,951
|
|
Advance Residence Investment Corp.
|
72
|
69,620
|
|
AEON REIT Investment Corp.
|
81
|
62,428
|
|
Daito Trust Construction Co. Ltd.
|
33,750
|
670,409
|
|
Daiwa House REIT Investment Corp.
|
143
|
108,224
|
|
Daiwa Office Investment Corp.
|
20
|
39,927
|
|
Daiwa Securities Living Investments Corp.
|
69
|
43,923
|
|
Frontier Real Estate Investment Corp.
|
86
|
44,056
|
|
GLP J-Reit
|
114
|
95,672
|
|
Hulic Co. Ltd.
|
24,700
|
263,494
|
|
Industrial & Infrastructure Fund Investment
Corp.
|
75
|
66,028
|
|
Invincible Investment Corp.
|
131
|
50,392
|
|
Japan Excellent, Inc.
|
50
|
44,102
|
|
Japan Hotel REIT Investment Corp.
|
80
|
38,471
|
|
Japan Logistics Fund, Inc.
|
77
|
44,430
|
|
Japan Metropolitan Fund Invest
|
228
|
161,013
|
|
Japan Prime Realty Investment Corp.
|
116
|
69,247
|
|
Japan Real Estate Investment Corp.
|
203
|
145,625
|
|
Japan Wool Textile Co. Ltd.
|
4,700
|
51,764
|
|
KDX Realty Investment Corp.
|
69
|
68,827
|
|
Leopalace21 Corp.
|
17,600
|
68,809
|
|
Mitsubishi Estate Co. Ltd.
|
48,900
|
1,235,592
|
|
Mitsui Fudosan Accommodations Fund, Inc.
|
67
|
52,948
|
|
Mitsui Fudosan Co. Ltd.
|
118,700
|
1,136,239
|
|
Nippon Building Fund, Inc.
|
219
|
175,170
|
|
Nippon Prologis REIT, Inc.
|
174
|
93,151
|
|
Nomura Real Estate Holdings, Inc.
|
38,300
|
218,570
|
|
Nomura Real Estate Master Fund, Inc.
|
154
|
147,516
|
|
NTT UD REIT Investment Corp.
|
53
|
44,016
|
|
Orix JREIT, Inc.
|
172
|
103,767
|
|
Relo Group, Inc.
|
5,100
|
58,969
|
|
Sekisui House Reit, Inc.
|
125
|
64,348
|
|
Starts Corp., Inc.
|
2,600
|
74,057
|
|
Sumitomo Realty & Development Co. Ltd.
|
24,800
|
578,418
|
|
Token Corp.
|
900
|
72,276
|
|
Tokyo Tatemono Co. Ltd.
|
11,300
|
231,738
|
|
Tokyu Fudosan Holdings Corp.
|
47,500
|
392,809
|
|
United Urban Investment Corp.
|
99
|
100,803
|
|
|
|
7,046,799
|
|
|
||
|
SECURITY
|
NUMBER
OF SHARES
|
VALUE ($)
|
|
Jersey 0.3%
|
||
|
International Workplace Group PLC
|
92,314
|
234,995
|
|
|
||
|
Luxembourg 0.2%
|
||
|
Aroundtown SA *
|
43,007
|
127,195
|
|
|
||
|
Mexico 0.7%
|
||
|
Corp. Inmobiliaria Vesta SAB de CV
|
15,240
|
53,534
|
|
FIBRA Macquarie Mexico
|
33,724
|
84,811
|
|
Fibra Uno Administracion SA de CV
|
178,322
|
308,569
|
|
Prologis Property Mexico SA de CV
|
13,080
|
62,891
|
|
|
|
509,805
|
|
|
||
|
Netherlands 0.4%
|
||
|
CTP NV
|
2,973
|
56,316
|
|
Eurocommercial Properties NV
|
1,893
|
64,363
|
|
NEPI Rockcastle NV *
|
22,134
|
193,534
|
|
|
|
314,213
|
|
|
||
|
Philippines 0.5%
|
||
|
Ayala Corp.
|
16,160
|
114,541
|
|
Ayala Land, Inc.
|
364,432
|
86,201
|
|
Megaworld Corp.
|
1,171,000
|
39,542
|
|
Robinsons Land Corp.
|
158,400
|
41,927
|
|
SM Prime Holdings, Inc.
|
288,600
|
86,209
|
|
|
|
368,420
|
|
|
||
|
Singapore 1.6%
|
||
|
CapitaLand Ascendas REIT
|
99,574
|
195,142
|
|
CapitaLand Ascott Trust
|
97,680
|
68,528
|
|
CapitaLand Integrated Commercial Trust
|
112,975
|
201,090
|
|
City Developments Ltd.
|
25,200
|
169,373
|
|
Frasers Logistics & Commercial Trust *
|
123,200
|
96,539
|
|
Mapletree Industrial Trust
|
57,644
|
87,620
|
|
Mapletree Logistics Trust
|
97,431
|
91,688
|
|
Mapletree Pan Asia Commercial Trust
|
73,627
|
73,842
|
|
UOL Group Ltd.
|
24,880
|
197,902
|
|
Yanlord Land Group Ltd.
|
8,900
|
4,884
|
|
|
|
1,186,608
|
|
|
||
|
South Africa 0.6%
|
||
|
Growthpoint Properties Ltd.
|
215,166
|
221,734
|
|
Hyprop Investments Ltd.
|
15,982
|
55,987
|
|
Redefine Properties Ltd.
|
361,107
|
133,620
|
|
|
|
411,341
|
|
|
||
|
Spain 0.3%
|
||
|
Colonial SFL Socimi SA
|
11,317
|
75,557
|
|
Merlin Properties Socimi SA
|
8,041
|
141,262
|
|
|
|
216,819
|
|
|
||
|
Sweden 0.6%
|
||
|
Castellum AB
|
13,277
|
180,250
|
|
Fabege AB
|
6,329
|
54,601
|
|
Fastighets AB Balder, B Shares *
|
11,354
|
65,035
|
|
Norion Bank AB *
|
925
|
5,811
|
|
Sagax AB, B Shares
|
2,389
|
43,068
|
|
SECURITY
|
NUMBER
OF SHARES
|
VALUE ($)
|
|
Samhallsbyggnadsbolaget i Norden AB *
|
155,606
|
57,688
|
|
Wihlborgs Fastigheter AB
|
6,486
|
59,785
|
|
|
|
466,238
|
|
|
||
|
Switzerland 0.7%
|
||
|
Allreal Holding AG
|
410
|
109,868
|
|
Mobimo Holding AG
|
125
|
56,851
|
|
PSP Swiss Property AG
|
623
|
118,668
|
|
Swiss Prime Site AG
|
1,393
|
233,505
|
|
|
|
518,892
|
|
|
||
|
Taiwan 0.2%
|
||
|
Huaku Development Co. Ltd.
|
17,640
|
67,293
|
|
Ruentex Development Co. Ltd.
|
53,273
|
39,565
|
|
|
|
106,858
|
|
|
||
|
Thailand 0.6%
|
||
|
3BB Internet Infrastructure Fund, Class F
|
248,400
|
49,131
|
|
Central Pattana PCL NVDR
|
82,500
|
163,092
|
|
Land & Houses PCL NVDR
|
832,211
|
91,963
|
|
Sansiri PCL NVDR
|
1,393,383
|
61,306
|
|
Supalai PCL NVDR
|
152,482
|
72,622
|
|
|
|
438,114
|
|
|
||
|
United Arab Emirates 0.9%
|
||
|
Aldar Properties PJSC
|
38,446
|
82,130
|
|
Emaar Development PJSC
|
26,329
|
104,351
|
|
Emaar Properties PJSC
|
151,408
|
490,009
|
|
|
|
676,490
|
|
|
||
|
United Kingdom 1.8%
|
||
|
Big Yellow Group PLC
|
4,739
|
53,513
|
|
British Land Co. PLC
|
30,213
|
164,680
|
|
Derwent London PLC
|
3,887
|
92,888
|
|
Grainger PLC
|
22,804
|
48,553
|
|
Land Securities Group PLC
|
29,943
|
252,796
|
|
LondonMetric Property PLC
|
18,827
|
47,887
|
|
Primary Health Properties PLC
|
54,130
|
68,349
|
|
Safestore Holdings PLC
|
7,228
|
62,700
|
|
Savills PLC
|
11,483
|
128,662
|
|
Segro PLC
|
23,600
|
228,774
|
|
Tritax Big Box REIT PLC
|
34,039
|
68,762
|
|
UNITE Group PLC
|
8,352
|
57,819
|
|
|
|
1,275,383
|
|
|
||
|
United States 54.2%
|
||
|
Acadia Realty Trust
|
2,876
|
63,329
|
|
Agree Realty Corp.
|
1,419
|
105,219
|
|
Alexandria Real Estate Equities, Inc.
|
11,024
|
547,672
|
|
American Assets Trust, Inc.
|
3,332
|
77,636
|
|
American Healthcare REIT, Inc.
|
1,938
|
94,749
|
|
American Homes 4 Rent, Class A
|
7,688
|
246,631
|
|
American Tower Corp.
|
10,196
|
1,906,244
|
|
Americold Realty Trust, Inc.
|
21,666
|
339,940
|
|
Apple Hospitality REIT, Inc.
|
14,001
|
205,675
|
|
AvalonBay Communities, Inc.
|
3,758
|
685,873
|
|
Brandywine Realty Trust
|
36,374
|
112,759
|
|
Brixmor Property Group, Inc.
|
10,646
|
325,342
|
|
Broadstone Net Lease, Inc.
|
6,188
|
125,183
|
|
BXP, Inc.
|
9,706
|
582,457
|
|
Camden Property Trust
|
3,308
|
352,500
|
|
CareTrust REIT, Inc.
|
1,619
|
66,088
|
|
CBRE Group, Inc., Class A *
|
11,628
|
1,453,965
|
|
SECURITY
|
NUMBER
OF SHARES
|
VALUE ($)
|
|
Centerspace
|
814
|
54,929
|
|
Claros Mortgage Trust, Inc. *
|
25,703
|
62,458
|
|
Compass, Inc., Class A *
|
70,551
|
580,635
|
|
COPT Defense Properties
|
4,994
|
160,108
|
|
CoStar Group, Inc. *
|
4,052
|
130,474
|
|
Cousins Properties, Inc.
|
8,101
|
217,188
|
|
Crown Castle, Inc.
|
15,973
|
1,461,529
|
|
CubeSmart
|
6,023
|
240,920
|
|
Cushman & Wakefield Ltd. *
|
23,362
|
290,623
|
|
DiamondRock Hospitality Co.
|
9,531
|
104,746
|
|
Digital Realty Trust, Inc.
|
7,326
|
1,391,940
|
|
Diversified Healthcare Trust
|
30,682
|
255,274
|
|
Douglas Emmett, Inc.
|
15,036
|
175,019
|
|
Easterly Government Properties, Inc.
|
3,061
|
73,403
|
|
EastGroup Properties, Inc.
|
763
|
154,057
|
|
Empire State Realty Trust, Inc., Class A
|
15,259
|
87,434
|
|
EPR Properties
|
2,962
|
168,982
|
|
Equinix, Inc.
|
1,324
|
1,414,085
|
|
Equity LifeStyle Properties, Inc.
|
3,619
|
223,546
|
|
Equity Residential
|
13,425
|
878,666
|
|
Essential Properties Realty Trust, Inc.
|
2,526
|
77,245
|
|
Essex Property Trust, Inc.
|
1,747
|
476,302
|
|
eXp World Holdings, Inc.
|
17,689
|
87,030
|
|
Extra Space Storage, Inc.
|
3,583
|
517,063
|
|
Federal Realty Investment Trust
|
2,855
|
341,544
|
|
First Industrial Realty Trust, Inc.
|
2,980
|
184,373
|
|
Four Corners Property Trust, Inc.
|
2,136
|
53,186
|
|
Gaming & Leisure Properties, Inc.
|
7,142
|
335,460
|
|
Global Net Lease, Inc.
|
10,677
|
100,043
|
|
Healthcare Realty Trust, Inc.
|
16,330
|
325,294
|
|
Healthpeak Properties, Inc.
|
30,356
|
581,317
|
|
Highwoods Properties, Inc.
|
7,792
|
203,371
|
|
Host Hotels & Resorts, Inc.
|
33,637
|
772,978
|
|
Hudson Pacific Properties, Inc. *
|
12,537
|
150,193
|
|
Independence Realty Trust, Inc.
|
5,848
|
94,913
|
|
Innovative Industrial Properties, Inc.
|
1,324
|
76,779
|
|
InvenTrust Properties Corp.
|
2,394
|
79,313
|
|
Invitation Homes, Inc.
|
15,930
|
465,952
|
|
Iron Mountain, Inc.
|
6,757
|
866,585
|
|
JBG SMITH Properties
|
8,703
|
127,673
|
|
Jones Lang LaSalle, Inc. *
|
3,197
|
902,545
|
|
Kennedy-Wilson Holdings, Inc.
|
9,874
|
108,713
|
|
Kilroy Realty Corp.
|
7,409
|
253,906
|
|
Kimco Realty Corp.
|
18,689
|
450,031
|
|
Kite Realty Group Trust
|
6,216
|
170,443
|
|
Lamar Advertising Co., Class A
|
2,627
|
400,512
|
|
Lineage, Inc.
|
2,741
|
121,728
|
|
LTC Properties, Inc.
|
1,513
|
56,601
|
|
LXP Industrial Trust
|
2,919
|
150,737
|
|
Macerich Co.
|
10,582
|
238,307
|
|
Marcus & Millichap, Inc.
|
2,307
|
65,150
|
|
McGrath RentCorp
|
939
|
102,342
|
|
Medical Properties Trust, Inc.
|
59,327
|
303,161
|
|
Mid-America Apartment Communities, Inc.
|
3,687
|
475,881
|
|
National Health Investors, Inc.
|
1,120
|
82,085
|
|
National Storage Affiliates Trust
|
2,300
|
98,095
|
|
Newmark Group, Inc., Class A
|
6,170
|
86,195
|
|
NNN REIT, Inc.
|
5,006
|
222,817
|
|
Omega Healthcare Investors, Inc.
|
5,971
|
279,204
|
|
Outfront Media, Inc.
|
7,596
|
244,895
|
|
Park Hotels & Resorts, Inc.
|
22,822
|
276,831
|
|
Pebblebrook Hotel Trust
|
10,800
|
164,700
|
|
Phillips Edison & Co., Inc.
|
3,258
|
130,809
|
|
Piedmont Realty Trust, Inc., Class A *
|
17,206
|
142,982
|
|
Prologis, Inc.
|
15,567
|
2,233,397
|
|
Public Storage
|
2,915
|
885,256
|
|
Realty Income Corp.
|
13,131
|
804,668
|
|
Regency Centers Corp.
|
4,637
|
358,672
|
|
Rexford Industrial Realty, Inc.
|
4,324
|
153,372
|
|
SECURITY
|
NUMBER
OF SHARES
|
VALUE ($)
|
|
RLJ Lodging Trust
|
17,747
|
172,678
|
|
Ryman Hospitality Properties, Inc.
|
1,351
|
155,541
|
|
Sabra Health Care REIT, Inc.
|
8,747
|
173,978
|
|
SBA Communications Corp.
|
2,442
|
496,117
|
|
Service Properties Trust
|
66,251
|
118,589
|
|
Sila Realty Trust, Inc.
|
2,065
|
62,446
|
|
Simon Property Group, Inc.
|
6,738
|
1,380,684
|
|
SITE Centers Corp.
|
2,398
|
12,110
|
|
SL Green Realty Corp.
|
4,810
|
218,374
|
|
STAG Industrial, Inc.
|
4,914
|
186,093
|
|
Summit Hotel Properties, Inc.
|
10,512
|
60,654
|
|
Sun Communities, Inc.
|
3,627
|
448,515
|
|
Sunstone Hotel Investors, Inc.
|
13,733
|
148,591
|
|
Tanger, Inc.
|
2,826
|
101,934
|
|
Terreno Realty Corp.
|
1,415
|
92,951
|
|
UDR, Inc.
|
10,449
|
385,568
|
|
Uniti Group, Inc.
|
11,865
|
133,125
|
|
Urban Edge Properties
|
5,194
|
116,553
|
|
Ventas, Inc.
|
11,131
|
939,679
|
|
VICI Properties, Inc.
|
19,457
|
549,077
|
|
Vornado Realty Trust
|
8,106
|
273,577
|
|
Welltower, Inc.
|
6,890
|
1,414,724
|
|
WP Carey, Inc.
|
5,973
|
444,511
|
|
Xenia Hotels & Resorts, Inc.
|
6,334
|
110,022
|
|
|
|
39,494,018
|
|
Total Common Stocks
(Cost $51,647,677)
|
72,236,052
|
|
|
|
||
|
PREFERRED STOCKS 0.0% OF NET ASSETS
|
||
|
|
||
|
Brazil 0.0%
|
||
|
Cyrela Brazil Realty SA Empreendimentos e
Participacoes *
|
1,380
|
5,605
|
|
Total Preferred Stocks
(Cost $2,260)
|
5,605
|
|
|
|
||
|
INVESTMENT COMPANIES 0.1% OF NET ASSETS
|
||
|
|
||
|
United States 0.1%
|
||
|
iShares Core U.S. REIT ETF
|
1,428
|
92,506
|
|
Total Investment Companies
(Cost $92,927)
|
92,506
|
|
|
SECURITY
|
NUMBER
OF SHARES
|
VALUE ($)
|
|
SHORT-TERM INVESTMENTS 0.2% OF NET ASSETS
|
||
|
|
||
|
Money Market Funds 0.2%
|
||
|
State Street Institutional U.S. Government
Money Market Fund, Premier Class
3.56% (c)(d)
|
175,000
|
175,000
|
|
Total Short-Term Investments
(Cost $175,000)
|
175,000
|
|
|
Total Investments in Securities
(Cost $51,917,864)
|
72,509,163
|
|
|
|
NUMBER OF
CONTRACTS
|
NOTIONAL
AMOUNT
($)
|
CURRENT VALUE/
UNREALIZED
DEPRECIATION
($)
|
|
FUTURES CONTRACTS
|
|||
|
Long
|
|
|
|
|
Dow Jones U.S. Real Estate
Index, expires 06/18/26
|
8
|
307,120
|
(737
)
|
|
MSCI EAFE Index, expires
06/19/26
|
1
|
155,565
|
(10
)
|
|
MSCI Emerging Markets Index,
expires 06/19/26
|
1
|
87,425
|
(229
)
|
|
|
|
|
(976
)
|
|
*
|
Non-income producing security.
|
|
(a)
|
All or a portion of this security is on loan.
|
|
(b)
|
Fair valued using significant unobservable inputs.
|
|
(c)
|
The rate shown is the annualized 7-day yield.
|
|
(d)
|
Security purchased with cash collateral received for securities on loan.
Securities on loan were valued at $164,810.
|
|
ADR —
|
American Depositary Receipt
|
|
CVA —
|
Dutch Certificate
|
|
ETF —
|
Exchange-Traded Fund
|
|
NVDR —
|
Non-Voting Depositary Receipt
|
|
REIT —
|
Real Estate Investment Trust
|
|
SECURITY
|
VALUE AT
2/28/26
|
PURCHASES
|
SALES
|
NET REALIZED
GAINS (LOSSES)
|
NET CHANGE
IN UNREALIZED
APPRECIATION
(DEPRECIATION)
|
VALUE AT
5/31/26
|
BALANCE
OF SHARES
HELD AT
5/31/26
|
DIVIDENDS
RECEIVED
|
|
COMMON STOCKS 0.0% OF NET ASSETS
|
||||||||
|
|
||||||||
|
United States 0.0%
|
||||||||
|
Service Properties Trust
|
$168,098
|
$—
|
($12,202
)
|
($35,941
)
|
($1,366
)
|
$—
|
—
|
$681
|
|
DESCRIPTION
|
QUOTED PRICES IN
ACTIVE MARKETS FOR
IDENTICAL ASSETS
(LEVEL 1)
|
OTHER SIGNIFICANT
OBSERVABLE INPUTS
(LEVEL 2)
|
SIGNIFICANT
UNOBSERVABLE INPUTS
(LEVEL 3)
|
TOTAL
|
|
Assets
|
|
|
|
|
|
Common Stocks 1
|
$42,086,648
|
$—
|
$—
|
$42,086,648
|
|
Australia
|
—
|
2,060,524
|
—
|
2,060,524
|
|
Belgium
|
—
|
243,381
|
—
|
243,381
|
|
China
|
824,194
|
3,827,893
|
77,035
|
4,729,122
|
|
France
|
—
|
1,523,155
|
—
|
1,523,155
|
|
Germany
|
—
|
797,308
|
—
|
797,308
|
|
Hong Kong
|
255,731
|
7,209,783
|
0
*
|
7,465,514
|
|
Israel
|
—
|
256,248
|
—
|
256,248
|
|
Japan
|
464,359
|
6,582,440
|
—
|
7,046,799
|
|
Jersey
|
—
|
234,995
|
—
|
234,995
|
|
Luxembourg
|
—
|
127,195
|
—
|
127,195
|
|
Philippines
|
240,292
|
128,128
|
—
|
368,420
|
|
Singapore
|
—
|
1,186,608
|
—
|
1,186,608
|
|
South Africa
|
355,354
|
55,987
|
—
|
411,341
|
|
Spain
|
—
|
216,819
|
—
|
216,819
|
|
Sweden
|
63,499
|
402,739
|
—
|
466,238
|
|
Switzerland
|
56,851
|
462,041
|
—
|
518,892
|
|
Taiwan
|
67,293
|
39,565
|
—
|
106,858
|
|
Thailand
|
72,622
|
365,492
|
—
|
438,114
|
|
United Arab Emirates
|
—
|
676,490
|
—
|
676,490
|
|
United Kingdom
|
230,728
|
1,044,655
|
—
|
1,275,383
|
|
Preferred Stocks 1
|
5,605
|
—
|
—
|
5,605
|
|
Investment Companies 1
|
92,506
|
—
|
—
|
92,506
|
|
Short-Term Investments 1
|
175,000
|
—
|
—
|
175,000
|
|
Liabilities
|
|
|
|
|
|
Futures Contracts 2
|
(976
)
|
—
|
—
|
(976
)
|
|
Total
|
$44,989,706
|
$27,441,446
|
$77,035
|
$72,508,187
|
|
*
|
Level 3 amount shown includes securities determined to have no value.
|
|
1
|
As categorized in the Portfolio Holdings.
|
|
2
|
Futures contracts are reported at cumulative unrealized appreciation or depreciation.
|