Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PLD	Prologis	103,711	$12.94M	7.6%	$124.77 *	$123.24	-7.3%	COM	74340W103
SPG	Simon Property Group	114,671	$12.84M	7.6%	$111.97 *	$110.09	-12.2%	COM	828806109
AMT	American Tower Corp Class A	62,428	$12.76M	7.5%	$204.34 *	$215.82	-14.4%	COM	03027X100
EQIX	Equinix	17,307	$12.48M	7.4%	$721.04 *	$703.29	-3.2%	COM	29444U700
WELL	Welltower	170,771	$12.24M	7.2%	$71.69 *	$72.05	-6.6%	COM	95040Q104
DLR	Digital Realty Trust	107,345	$10.55M	6.2%	$98.31 *	$117.06	-23.4%	COM	253868103
EXR	Extra Space Storage	48,949	$7.975M	4.7%	$162.93 *	$155.18	-6.9%	COM	30225T102
AVB	Avalonbay Cmntys Inc	46,591	$7.83M	4.6%	$168.06 *	$185.23	-17.5%	COM	053484101
EQR	Equity Residential	128,709	$7.723M	4.5%	$60.00 *	$64.87	-17.3%	SH BEN INT	29476L107
ARE	Alexandria Real Estate EQ IN	54,485	$6.843M	4.0%	$125.59 *	$149.49	-27.1%	COM	015271109
IRM	Iron Mountain	108,007	$5.715M	3.4%	$52.91 *	$43.52	+10.6%	COM	46284V101
SUI	Sun Communities	39,966	$5.63M	3.3%	$140.88	$176.63	—	COM	866674104
VTR	Ventas	124,374	$5.392M	3.2%	$43.35 *	$44.66	-11.4%	COM	92276F100
UDR	UDR	111,607	$4.583M	2.7%	$41.06 *	$43.02	-15.2%	COM	902653104
DOC	Healthpeak Properties	198,450	$4.36M	2.6%	$21.97 *	$24.13	-23.5%	COM	42250P103
KIM	Kimco Realty Corp	219,374	$4.284M	2.5%	$19.53 *	$18.67	-8.5%	COM	49446R109
ESS	Essex Property Trust	18,938	$3.961M	2.3%	$209.14 *	$193.68	-2.7%	COM	297178105
REXR	Rexford Industrial Realty	65,187	$3.888M	2.3%	$59.65	$67.41	—	COM	76169C100
ELS	Equity Lifestyle Properties	57,682	$3.872M	2.3%	$67.13	$77.28	—	COM	29472R108
HST	Host Hotels & Resorts	231,989	$3.825M	2.3%	$16.49 *	$14.31	-0.8%	COM	44107P104
REG	Regency Centers Corp	56,086	$3.431M	2.0%	$61.18 *	$58.03	-5.8%	COM	758849103
BXP	Boston Properties	48,877	$2.645M	1.6%	$54.12 *	$77.63	-40.2%	COM	101121101
FRT	Federal Realty Invs Trust	25,839	$2.554M	1.5%	$98.83 *	$97.58	-10.1%	SH BEN INT NEW	313745101
COLD	Americold Realty Trust	88,555	$2.519M	1.5%	$28.45	$30.24	—	COM	03064D108
KRC	Kilroy Realty Corp	34,573	$1.12M	0.7%	$32.40	$52.38	—	COM	49427F108
VNO	Vornado Realty Trust	60,224	$926K	0.5%	$15.37	$29.75	—	SH BEN INT	929042109
HASI	Hannon Armstrong Sustainable Infrastructure Capital	29,859	$854K	0.5%	$28.60 *	$36.31	-33.1%	COM	41068X100
MAC	Macerich Co	70,545	$748K	0.4%	$10.60	$13.30	—	COM	554382101
SHO	Sunstone Hotel Investors	62,489	$617K	0.4%	$9.88	$9.72	—	COM	867892101
DRH	Diamondrock Hospitality Co	68,750	$559K	0.3%	$8.13	$9.03	—	COM	252784301
ALEX	Alexander & Baldwin	27,917	$528K	0.3%	$18.91	$21.39	—	COM	014491104
JBGS	JBG Smith Properties	33,668	$507K	0.3%	$15.06	$22.48	—	COM	46590V100
SLG	SL Green Realty Corp	21,143	$497K	0.3%	$23.52	$53.48	—	COM	78440X887
RLJ	RLJ Lodging Trust	46,588	$494K	0.3%	$10.60	$12.25	—	COM	74965L101
UMH	UMH Properties	23,900	$353K	0.2%	$14.79	$15.48	—	COM	903002103
AAT	American Assets TR INC	18,931	$352K	0.2%	$18.59	$27.41	—	COM	024013104
ESRT	Empire State Realty Trust	52,847	$343K	0.2%	$6.49	$7.83	—	CL A	292104106
—	Hudson Pacific Properties	47,530	$316K	0.2%	$6.65	$17.69	—	COM	444097109
—	Paramount Group	68,341	$312K	0.2%	$4.56	$6.66	—	COM	69924R108
BDN	Brandywine Realty Trust	56,476	$267K	0.2%	$4.73	$5.50	—	SH BEN INT NEW	105368203
—	Hersha Hospitality Trust	11,491	$77,220	0.0%	$6.72	$6.72	—	PR SHS BEN INT	427825500
FSP	Franklin Street Properties Corp	18,517	$29,072	0.0%	$1.57	$5.94	—	COM	35471R106