Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PLD	PROLOGIS INC.	390,693	$52.08M	11.7%	$89.12	+18.5%	COM	74340W103
EQIX	EQUINIX INC	46,300	$37.29M	8.4%	$735.97	-0.3%	COM	29444U700
BRX	BRIXMOR PPTY GROUP INC	1,567,258	$36.47M	8.2%	$17.49	—	COM	11120U105
O	REALTY INCOME CORP	592,675	$34.03M	7.7%	$50.17	-7.3%	COM	756109104
ARE	ALEXANDRIA REAL ESTATE EQ IN	226,281	$28.69M	6.5%	$96.63	-1.0%	COM	015271109
PSA	PUBLIC STORAGE	93,575	$28.54M	6.4%	$242.81	0.0%	COM	74460D109
SUI	SUN CMNTYS INC	196,404	$26.25M	5.9%	$156.88	—	COM	866674104
REXR	REXFORD INDL RLTY INC	404,990	$22.72M	5.1%	$52.85	—	COM	76169C100
AVB	AVALONBAY CMNTYS INC	114,117	$21.36M	4.8%	$143.64	+12.5%	COM	053484101
—	HUDSON PAC PPTYS INC	2,066,415	$19.24M	4.3%	$16.79	—	COM	444097109
SBAC	SBA COMMUNICATIONS CORP NEW	73,144	$18.56M	4.2%	$217.07	-0.7%	CL A	78410G104
UDR	UDR INC	476,775	$18.26M	4.1%	$31.90	0.0%	COM	902653104
INVH	INVITATION HOMES INC	518,300	$17.68M	4.0%	$29.98	0.0%	COM	46187W107
SBRA	SABRA HEALTH CARE REIT INC	1,078,522	$15.39M	3.5%	$16.17	—	COM	78573L106
—	PARAMOUNT GROUP INC	1,216,346	$6.289M	1.4%	$12.86	—	COM	69924R108
WELL	WELLTOWER INC	63,917	$5.763M	1.3%	$70.29	+18.1%	COM	95040Q104
MPT	MEDICAL PPTYS TRUST INC	753,468	$3.7M	0.8%	$20.00	—	COM	58463J304
AMT	AMERICAN TOWER CORP NEW	12,960	$2.798M	0.6%	$231.26	-24.3%	COM	03027X100
KRG	KITE RLTY GROUP TR	121,430	$2.776M	0.6%	$22.50	—	COM NEW	49803T300
DLR	DIGITAL RLTY TR INC	20,071	$2.701M	0.6%	$104.53	+15.4%	COM	253868103
REG	REGENCY CTRS CORP	39,830	$2.669M	0.6%	$52.62	+7.5%	COM	758849103
SPG	SIMON PPTY GROUP INC NEW	18,647	$2.66M	0.6%	$111.49	-2.8%	COM	828806109
GLPI	GAMING & LEISURE PPTYS INC	48,983	$2.417M	0.5%	$42.10	—	COM	36467J108
CCI	CROWN CASTLE INC	19,755	$2.276M	0.5%	$131.05	-30.7%	COM	22822V101
EQR	EQUITY RESIDENTIAL	35,354	$2.162M	0.5%	$47.69	+10.8%	SH BEN INT	29476L107
EXR	EXTRA SPACE STORAGE INC	13,079	$2.097M	0.5%	$121.53	-4.8%	COM	30225T102
VICI	VICI PPTYS INC	65,192	$2.078M	0.5%	$22.79	+13.7%	COM	925652109
WPC	WP CAREY INC	31,236	$2.024M	0.5%	$70.98	—	COM	92936U109
ADC	AGREE RLTY CORP	31,424	$1.978M	0.4%	$67.78	—	COM	008492100
CPT	CAMDEN PPTY TR	18,212	$1.808M	0.4%	$91.06	-6.4%	SH BEN INT	133131102
VTR	VENTAS INC	32,160	$1.603M	0.4%	$41.80	-0.1%	COM	92276F100
CUBE	CUBESMART	32,360	$1.5M	0.3%	$30.21	—	COM	229663109
HR	HEALTHCARE RLTY TR	85,998	$1.482M	0.3%	$21.84	—	CL A COM	42226K105
AMH	AMERICAN HOMES 4 RENT	41,000	$1.474M	0.3%	$35.96	—	CL A	02665T306
DOC	HEALTHPEAK PROPERTIES INC	69,407	$1.374M	0.3%	$19.77	-22.2%	COM	42250P103
CDP	COPT DEFENSE PROPERTIES	52,756	$1.352M	0.3%	$24.45	—	SHS BEN INT	22002T108
—	EASTERLY GOVT PPTYS INC	93,164	$1.252M	0.3%	$19.98	—	COM	27616P103
BDN	BRANDYWINE RLTY TR	215,367	$1.163M	0.3%	$11.02	—	SH BEN INT NEW	105368203
FR	FIRST INDL RLTY TR INC	20,800	$1.096M	0.2%	$52.67	—	COM	32054K103
HIW	HIGHWOODS PPTYS INC	46,336	$1.064M	0.2%	$35.71	—	COM	431284108
ED	CONSOLIDATED EDISON INC	9,600	$873K	0.2%	$65.27	+27.2%	COM	209115104
ES	EVERSOURCE ENERGY	13,730	$847K	0.2%	$67.87	-23.4%	COM	30040W108
KMI	KINDER MORGAN INC DEL	45,700	$806K	0.2%	$12.66	+21.2%	COM	49456B101
AWK	AMERICAN WTR WKS CO INC NEW	5,470	$722K	0.2%	$139.78	-14.1%	COM	030420103
OKE	ONEOK INC NEW	9,100	$639K	0.1%	$38.61	+56.3%	COM	682680103
—	APARTMENT INCOME REIT CORP	18,371	$638K	0.1%	$38.99	—	COM	03750L109
EIX	EDISON INTL	8,650	$618K	0.1%	$48.43	+22.9%	COM	281020107
WMB	WILLIAMS COS INC	13,800	$481K	0.1%	$21.13	+52.2%	COM	969457100
LNG	CHENIERE ENERGY INC	2,750	$469K	0.1%	$92.35	+86.1%	COM NEW	16411R208
SRE	SEMPRA	5,550	$415K	0.1%	$60.26	+10.8%	COM	816851109
FPI	FARMLAND PARTNERS INC	25,000	$312K	0.1%	$12.48	—	COM	31154R109
NSA	NATIONAL STORAGE AFFILIATES	7,300	$303K	0.1%	$48.39	—	COM SHS BEN IN	637870106
PDM	PIEDMONT OFFICE REALTY TR IN	42,144	$300K	0.1%	$14.90	—	COM CL A	720190206
—	CREATIVE MEDIA & CMNTY TR	70,000	$258K	0.1%	$3.69	—	COM NEW	125525584