<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001503123</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000042011</seriesId>
        <classId>C000130526</classId>
      </seriesClassInfo>

    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>DBX ETF Trust</regName>
      <regFileNumber>811-22487</regFileNumber>
      <regCik>0001503123</regCik>
      <regLei>DNLQXYGHEZ10Q9SIK386</regLei>
      <regStreet1>875 Third Avenue</regStreet1>
      <regCity>New York</regCity>
      <regStateConditional regCountry="US" regState="US-NY"/>
      <regZipOrPostalCode>10022-6225</regZipOrPostalCode>
      <regPhone>212-454-4500</regPhone>
      <seriesName>Xtrackers International Real Estate ETF</seriesName>
      <seriesId>S000042011</seriesId>
      <seriesLei>549300XUCO6WNEIEWE15</seriesLei>
      <repPdEnd>2020-05-31</repPdEnd>
      <repPdDate>2019-11-29</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>149026074.57</totAssets>
      <totLiabs>1443184.51</totLiabs>
      <netAssets>147582890.06</netAssets>
      <assetsAttrMiscSec>0</assetsAttrMiscSec>
      <assetsInvested>0</assetsInvested>
      <amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0</amtPayAftOneYrOther>
      <delayDeliv>0</delayDeliv>
      <standByCommit>0</standByCommit>
      <liquidPref>0</liquidPref>
      <cshNotRptdInCorD>183445.57</cshNotRptdInCorD>
      <borrowers>
        <borrower aggrVal="746.16308679" lei="549300RA02N3BNSWBV74" name="VIRTU AMERICAS LLC"/>
        <borrower aggrVal="284914.47680715" lei="FOR8UP27PHTHYVLBNG30" name="Goldman, Sachs &amp; Co. LLC"/>
        <borrower aggrVal="149055.28959951" lei="1V8Y6QCX6YMJ2OELII46" name="Credit Suisse Securities (USA) LLC"/>
        <borrower aggrVal="421562.48781946" lei="AC28XWWI3WIBK2824319" name="Barclays Capital Inc."/>
        <borrower aggrVal="22356.36038457" lei="DL6FFRRLF74S01HE2M14" name="Credit Suisse Securities (Europe) Limited"/>
        <borrower aggrVal="343221.67385794" lei="K6Q0W1PS1L1O4IQL9C32" name="JP Morgan Securities, Plc."/>
        <borrower aggrVal="261478.05874402" lei="O2RNE8IBXP4R0TD8PU41" name="Societe Generale"/>
        <borrower aggrVal="197376.24694154" lei="549300BLWPABP1VNME36" name="Scotia Capital (USA) INC"/>
        <borrower aggrVal="3919.90239852" lei="MBNUM2BPBDO7JBLYG310" name="Citigroup Global Markets Inc."/>
        <borrower aggrVal="48981.82814614" lei="8NAV47T0Y26Q87Y0QP81" name="BOFA SECURITIES INC"/>
        <borrower aggrVal="106545.54596115" lei="XKZZ2JZF41MRHTR1V493" name="Citigroup Global Markets Limited"/>
      </borrowers>
      <aggregateCondition isNonCashCollateral="Y">
        <aggregateInfos>
          <aggregateInfo amt="588392.37569745" collatrl="631802.85624341">
            <invstCat>UST</invstCat>
          </aggregateInfo>
        </aggregateInfos>
      </aggregateCondition>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000130526" rtn1="1.81000000" rtn2="3.20000000" rtn3="-0.44000000"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <commodityContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </commodityContracts>
          <creditContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </creditContracts>
          <equityContracts>
            <mon1 netRealizedGain="-2385.00000000" netUnrealizedAppr="13345.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="11760.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="3690.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="-2385.00000000" netUnrealizedAppr="13345.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="11760.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="3690.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </equityContracts>
          <foreignExchgContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </foreignExchgContracts>
          <interestRtContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </interestRtContracts>
          <otherContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </otherContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="-77324.32000000" netUnrealizedAppr="1755721.09000000"/>
        <othMon2 netRealizedGain="-31408.03000000" netUnrealizedAppr="3810917.55000000"/>
        <othMon3 netRealizedGain="31799.97000000" netUnrealizedAppr="-998999.67000000"/>
      </returnInfo>
      <mon1Flow redemption="0.00000000" reinvestment="0.00000000" sales="12830064.12000000"/>
      <mon2Flow redemption="0.00000000" reinvestment="0.00000000" sales="11657488.03000000"/>
      <mon3Flow redemption="-139.59000000" reinvestment="0.00000000" sales="14763641.91000000"/>


    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Palm Hills Developments SAE</name>
        <lei>N/A</lei>
        <title>Palm Hills Developments SAE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EGS655L1C012"/>
          <ticker value="PHDC"/>
          <other otherDesc="SEDOL" value="B2R2W06"/>
        </identifiers>
        <balance>158308.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="16.12000000"/>
        <valUSD>19739.40000000</valUSD>
        <pctVal>0.013375127693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sunteck Realty Ltd</name>
        <lei>335800TFT4V77I31F853</lei>
        <title>Sunteck Realty Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE805D01034"/>
          <ticker value="SRIN"/>
          <other otherDesc="SEDOL" value="BF0F7S6"/>
        </identifiers>
        <balance>9822.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="71.73750000"/>
        <valUSD>53451.94000000</valUSD>
        <pctVal>0.036218249946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ascendas Hospitality Trust</name>
        <lei>N/A</lei>
        <title>Ascendas Hospitality Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2F05983695"/>
          <ticker value="ASCHT"/>
          <other otherDesc="SEDOL" value="B88Z154"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>82635.56000000</valUSD>
        <pctVal>0.055992642484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Radium Life Tech Co Ltd</name>
        <lei>N/A</lei>
        <title>Radium Life Tech Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002547007"/>
          <ticker value="2547"/>
          <other otherDesc="SEDOL" value="6314006"/>
        </identifiers>
        <balance>70559.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>27173.21000000</valUSD>
        <pctVal>0.018412168232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vonovia SE</name>
        <lei>5299005A2ZEP6AP7KM81</lei>
        <title>Vonovia SE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A1ML7J1"/>
          <ticker value="VNA"/>
          <other otherDesc="SEDOL" value="BBJPFY1"/>
        </identifiers>
        <balance>68795.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>3587108.56000000</valUSD>
        <pctVal>2.430572106659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lai Sun Development Co Ltd</name>
        <lei>254900703QFF6V3H5059</lei>
        <title>Lai Sun Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000356821"/>
          <ticker value="488"/>
          <other otherDesc="SEDOL" value="BYTQH83"/>
        </identifiers>
        <balance>17790.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>24590.44000000</valUSD>
        <pctVal>0.016662121191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Catena AB</name>
        <lei>549300EMLM7AH5LDLY65</lei>
        <title>Catena AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0001664707"/>
          <ticker value="CATE"/>
          <other otherDesc="SEDOL" value="B131GJ7"/>
        </identifiers>
        <balance>3198.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>132301.31000000</valUSD>
        <pctVal>0.089645425662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REA Group Ltd</name>
        <lei>N/A</lei>
        <title>REA Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000REA9"/>
          <ticker value="REA"/>
          <other otherDesc="SEDOL" value="6198578"/>
        </identifiers>
        <balance>6849.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>483464.82000000</valUSD>
        <pctVal>0.327588665463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fullshare Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Fullshare Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3690U1058"/>
          <ticker value="607"/>
          <other otherDesc="SEDOL" value="BSVXB88"/>
        </identifiers>
        <balance>837756.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>18836.20000000</valUSD>
        <pctVal>0.012763132631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3919.90239852"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Workspace Group PLC</name>
        <lei>2138003GUZRFIN3UT430</lei>
        <title>Workspace Group PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B67G5X01"/>
          <ticker value="WKP"/>
          <other otherDesc="SEDOL" value="B67G5X0"/>
        </identifiers>
        <balance>17040.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>244878.41000000</valUSD>
        <pctVal>0.165926016152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sunway Real Estate Investment</name>
        <lei>N/A</lei>
        <title>Sunway Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5176TO001"/>
          <ticker value="SREIT"/>
          <other otherDesc="SEDOL" value="B62QFR9"/>
        </identifiers>
        <balance>126600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>56381.18000000</valUSD>
        <pctVal>0.038203059973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AKIS Gayrimenkul Yatirimi AS</name>
        <lei>N/A</lei>
        <title>AKIS Gayrimenkul Yatirimi AS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TREAIGY00017"/>
          <ticker value="AKSGY"/>
          <other otherDesc="SEDOL" value="B8055M7"/>
        </identifiers>
        <balance>21984.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="5.74350000"/>
        <valUSD>14659.83000000</valUSD>
        <pctVal>0.009933285622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Touyun Tech Group Ltd</name>
        <lei>N/A</lei>
        <title>China Touyun Tech Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG215AV2062"/>
          <ticker value="1332"/>
          <other otherDesc="SEDOL" value="BHZ62Z0"/>
        </identifiers>
        <balance>124600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>3740.67000000</valUSD>
        <pctVal>0.002534623084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GT Capital Holdings Inc</name>
        <lei>N/A</lei>
        <title>GT Capital Holdings Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY290451046"/>
          <ticker value="GTCAP"/>
          <other otherDesc="SEDOL" value="B77H110"/>
        </identifiers>
        <balance>12941.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.81500000"/>
        <valUSD>227801.33000000</valUSD>
        <pctVal>0.154354837411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Far East Hospitality Trust</name>
        <lei>N/A</lei>
        <title>Far East Hospitality Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2F08984575"/>
          <ticker value="FEHT"/>
          <other otherDesc="SEDOL" value="B8GM577"/>
        </identifiers>
        <balance>119800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>64830.16000000</valUSD>
        <pctVal>0.043927964802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHUANG'S INT'L</name>
        <lei>N/A</lei>
        <title>Chuang's Consortium International Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2122V1458"/>
          <ticker value="367"/>
          <other otherDesc="SEDOL" value="6197401"/>
        </identifiers>
        <balance>68888.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>13024.72000000</valUSD>
        <pctVal>0.008825359087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Swire Properties Ltd</name>
        <lei>5299001L12PHYVQ92465</lei>
        <title>Swire Properties Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000063609"/>
          <ticker value="1972"/>
          <other otherDesc="SEDOL" value="B67C2G0"/>
        </identifiers>
        <balance>144857.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>450610.71000000</valUSD>
        <pctVal>0.305327202778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kowloon Development Co Ltd</name>
        <lei>N/A</lei>
        <title>Kowloon Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0034000254"/>
          <ticker value="34"/>
          <other otherDesc="SEDOL" value="6491998"/>
        </identifiers>
        <balance>41219.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>49182.14000000</valUSD>
        <pctVal>0.033325096140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cathay No 1 REIT</name>
        <lei>N/A</lei>
        <title>Cathay No 1 REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW00001002T6"/>
          <ticker value="01002T"/>
          <other otherDesc="SEDOL" value="B0LCGD9"/>
        </identifiers>
        <balance>201502.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>115972.37000000</valUSD>
        <pctVal>0.078581175604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daiwa Office Investment Corp</name>
        <lei>N/A</lei>
        <title>Daiwa Office Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046310003"/>
          <ticker value="8976"/>
          <other otherDesc="SEDOL" value="B0LNTF5"/>
        </identifiers>
        <balance>34.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>255209.57000000</valUSD>
        <pctVal>0.172926258522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Open House Co Ltd</name>
        <lei>529900WQOGPBIJEHW865</lei>
        <title>Open House Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3173540000"/>
          <ticker value="3288"/>
          <other otherDesc="SEDOL" value="BD3D170"/>
        </identifiers>
        <balance>8800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>235368.46000000</valUSD>
        <pctVal>0.159482213625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>alstria office REIT-AG</name>
        <lei>529900QIJIGPI0DRL085</lei>
        <title>alstria office REIT-AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A0LD2U1"/>
          <ticker value="AOX"/>
          <other otherDesc="SEDOL" value="B1VP947"/>
        </identifiers>
        <balance>21937.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>401032.98000000</valUSD>
        <pctVal>0.271734060660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jaya Sukses Makmur Sentosa Tbk</name>
        <lei>N/A</lei>
        <title>Jaya Sukses Makmur Sentosa Tbk PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000144801"/>
          <ticker value="RISE"/>
          <other otherDesc="SEDOL" value="BFMJV40"/>
        </identifiers>
        <balance>210038.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14105.00000000"/>
        <valUSD>9455.81000000</valUSD>
        <pctVal>0.006407118058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Motor Bus Co Ltd</name>
        <lei>N/A</lei>
        <title>China Motor Bus Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0026000205"/>
          <ticker value="26"/>
          <other otherDesc="SEDOL" value="6190897"/>
        </identifiers>
        <balance>1816.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>27839.42000000</valUSD>
        <pctVal>0.018863582349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hammerson PLC</name>
        <lei>213800G1C9KKVVDN1A60</lei>
        <title>Hammerson PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0004065016"/>
          <ticker value="HMSO"/>
          <other otherDesc="SEDOL" value="0406501"/>
        </identifiers>
        <balance>104606.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>402135.35000000</valUSD>
        <pctVal>0.272481010391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIK Group PJSC</name>
        <lei>253400H5ZKVZTW6E7Q13</lei>
        <title>PIK Group PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU000A0JP7J7"/>
          <ticker value="PIKK"/>
          <other otherDesc="SEDOL" value="B59Q6G1"/>
        </identifiers>
        <balance>36260.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="64.27000000"/>
        <valUSD>217605.13000000</valUSD>
        <pctVal>0.147446041957</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABACUS PROPERTY GROUP</name>
        <lei>2138009R3Y4TK4IZDW59</lei>
        <title>ABACUS PROPERTY GROUP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ABP9"/>
          <ticker value="ABP"/>
          <other otherDesc="SEDOL" value="6565707"/>
        </identifiers>
        <balance>46099.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>120671.89000000</valUSD>
        <pctVal>0.081765501374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADLER Real Estate AG</name>
        <lei>529900Y6QFNN3D363B76</lei>
        <title>ADLER Real Estate AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005008007"/>
          <ticker value="ADL"/>
          <other otherDesc="SEDOL" value="7100099"/>
        </identifiers>
        <balance>5093.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>66375.76000000</valUSD>
        <pctVal>0.044975240675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U City PCL</name>
        <lei>N/A</lei>
        <title>U City PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0329010R11"/>
          <ticker value="U-R"/>
          <other otherDesc="SEDOL" value="6649601"/>
        </identifiers>
        <balance>380600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>24183.07000000</valUSD>
        <pctVal>0.016386093259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SM Prime Holdings Inc</name>
        <lei>254900SZK83MIAB8CU32</lei>
        <title>SM Prime Holdings Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY8076N1120"/>
          <ticker value="SMPH"/>
          <other otherDesc="SEDOL" value="6818843"/>
        </identifiers>
        <balance>1989357.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.81500000"/>
        <valUSD>1526811.43000000</valUSD>
        <pctVal>1.034545013571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mobimo Holding AG</name>
        <lei>50670018HN8O1GD3O385</lei>
        <title>Mobimo Holding AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0011108872"/>
          <ticker value="MOBN"/>
          <other otherDesc="SEDOL" value="B0BV896"/>
        </identifiers>
        <balance>900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.99935000"/>
        <valUSD>258468.00000000</valUSD>
        <pctVal>0.175134122861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chartwell Retirement Residence</name>
        <lei>N/A</lei>
        <title>Chartwell Retirement Residences</title>
        <cusip>16141A103</cusip>
        <identifiers>
          <isin value="CA16141A1030"/>
          <ticker value="CSH-U"/>
          <other otherDesc="SEDOL" value="B8S8C94"/>
        </identifiers>
        <balance>28813.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>315842.11000000</valUSD>
        <pctVal>0.214009977627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ayala Corp</name>
        <lei>254900QJ68UH8GKNGI69</lei>
        <title>Ayala Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY0486V1154"/>
          <ticker value="AC"/>
          <other otherDesc="SEDOL" value="B09JBT3"/>
        </identifiers>
        <balance>40255.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.81500000"/>
        <valUSD>638503.00000000</valUSD>
        <pctVal>0.432640260493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Comforia Residential REIT Inc</name>
        <lei>N/A</lei>
        <title>Comforia Residential REIT Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047540004"/>
          <ticker value="3282"/>
          <other otherDesc="SEDOL" value="B8N6QD5"/>
        </identifiers>
        <balance>84.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>268468.63000000</valUSD>
        <pctVal>0.181910402954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hysan Development Co Ltd</name>
        <lei>5299007BABFLKIH9HL03</lei>
        <title>Hysan Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0014000126"/>
          <ticker value="14"/>
          <other otherDesc="SEDOL" value="6449629"/>
        </identifiers>
        <balance>85408.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>321872.31000000</valUSD>
        <pctVal>0.218095952633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mapletree North Asia Commercia</name>
        <lei>5493006BB2S52YF6CU81</lei>
        <title>Mapletree North Asia Commercial Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2F55990442"/>
          <ticker value="MAGIC"/>
          <other otherDesc="SEDOL" value="B87GTZ4"/>
        </identifiers>
        <balance>290000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>250246.81000000</valUSD>
        <pctVal>0.169563565192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Midea Real Estate Holding Ltd</name>
        <lei>300300CW5XG771ZXV614</lei>
        <title>Midea Real Estate Holding Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG609201085"/>
          <ticker value="3990"/>
          <other otherDesc="SEDOL" value="BF55Q06"/>
        </identifiers>
        <balance>12257.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>30377.29000000</valUSD>
        <pctVal>0.020583205809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HK FERRY (HOLD)</name>
        <lei>N/A</lei>
        <title>Hong Kong Ferry Holdings Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0050000345"/>
          <ticker value="50"/>
          <other otherDesc="SEDOL" value="6435833"/>
        </identifiers>
        <balance>26328.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>23543.93000000</valUSD>
        <pctVal>0.015953021376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Derwent London PLC</name>
        <lei>213800BXKQ9KZNUR1M61</lei>
        <title>Derwent London PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0002652740"/>
          <ticker value="DLN"/>
          <other otherDesc="SEDOL" value="0265274"/>
        </identifiers>
        <balance>14373.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>687513.43000000</valUSD>
        <pctVal>0.465849008459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chinese Estates Holdings Ltd</name>
        <lei>254900OCQEQVNKB0UF58</lei>
        <title>Chinese Estates Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2108M2182"/>
          <ticker value="127"/>
          <other otherDesc="SEDOL" value="6191180"/>
        </identifiers>
        <balance>56317.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>43886.65000000</valUSD>
        <pctVal>0.029736949847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Platinum Group PCL/The</name>
        <lei>N/A</lei>
        <title>Platinum Group PCL/The</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH6329010R15"/>
          <ticker value="PLAT-R"/>
          <other otherDesc="SEDOL" value="BVYPBR1"/>
        </identifiers>
        <balance>240000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>34152.40000000</valUSD>
        <pctVal>0.023141164931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ascencio</name>
        <lei>549300PHFI20T3WJRO63</lei>
        <title>Ascencio</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003856730"/>
          <ticker value="ASC"/>
          <other otherDesc="SEDOL" value="B1R6PX5"/>
        </identifiers>
        <balance>800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>52042.76000000</valUSD>
        <pctVal>0.035263410263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suncity Group Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Suncity Group Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8572D1135"/>
          <ticker value="1383"/>
          <other otherDesc="SEDOL" value="B89X6B8"/>
        </identifiers>
        <balance>135369.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>30263.58000000</valUSD>
        <pctVal>0.020506157582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="22356.36038457"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>L E Lundbergforetagen AB</name>
        <lei>529900BPSFZS6O3A9R04</lei>
        <title>L E Lundbergforetagen AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000108847"/>
          <ticker value="LUNDB"/>
          <other otherDesc="SEDOL" value="4538002"/>
        </identifiers>
        <balance>10153.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>402634.60000000</valUSD>
        <pctVal>0.272819294862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Tatemono Co Ltd</name>
        <lei>529900RQA4JTW1869J86</lei>
        <title>Tokyo Tatemono Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3582600007"/>
          <ticker value="8804"/>
          <other otherDesc="SEDOL" value="6895426"/>
        </identifiers>
        <balance>29300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>445747.42000000</valUSD>
        <pctVal>0.302031908860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kenedix Office Investment Corp</name>
        <lei>353800FFT483NCIHFY42</lei>
        <title>Kenedix Office Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046270009"/>
          <ticker value="8972"/>
          <other otherDesc="SEDOL" value="B0C5Q59"/>
        </identifiers>
        <balance>67.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>507195.69000000</valUSD>
        <pctVal>0.343668354640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gazit-Globe Ltd</name>
        <lei>213800EO12XXGZSQ2A73</lei>
        <title>Gazit-Globe Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0001260111"/>
          <ticker value="GZT"/>
          <other otherDesc="SEDOL" value="6585396"/>
        </identifiers>
        <balance>11442.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>123847.01000000</valUSD>
        <pctVal>0.083916916079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Capital Realty Inc</name>
        <lei>549300U55W8QFK2YTK38</lei>
        <title>First Capital Realty Inc</title>
        <cusip>31943B100</cusip>
        <identifiers>
          <isin value="CA31943B1004"/>
          <ticker value="FCR"/>
          <other otherDesc="SEDOL" value="2185596"/>
        </identifiers>
        <balance>27619.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>448724.28000000</valUSD>
        <pctVal>0.304048985500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Swiss Prime Site AG</name>
        <lei>506700XI9H64OPR34158</lei>
        <title>Swiss Prime Site AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0008038389"/>
          <ticker value="SPSN"/>
          <other otherDesc="SEDOL" value="B083BH4"/>
        </identifiers>
        <balance>10277.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.99935000"/>
        <valUSD>1085957.07000000</valUSD>
        <pctVal>0.735828570343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Champion REIT</name>
        <lei>N/A</lei>
        <title>Champion REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK2778034606"/>
          <ticker value="2778"/>
          <other otherDesc="SEDOL" value="B14WZ47"/>
        </identifiers>
        <balance>327977.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>211172.31000000</valUSD>
        <pctVal>0.143087257550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Plaza SA</name>
        <lei>N/A</lei>
        <title>Plaza SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CL0002456714"/>
          <ticker value="MALLPLA"/>
          <other otherDesc="SEDOL" value="BYVW0G8"/>
        </identifiers>
        <balance>37012.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="806.92000000"/>
        <valUSD>69054.63000000</valUSD>
        <pctVal>0.046790403665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Corp Inmobiliaria Vesta SAB de</name>
        <lei>4469000001BIRIFZJ959</lei>
        <title>Corp Inmobiliaria Vesta SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MX01VE0M0003"/>
          <ticker value="VESTA*"/>
          <other otherDesc="SEDOL" value="B8F6ZF8"/>
        </identifiers>
        <balance>77057.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.50550000"/>
        <valUSD>130248.87000000</valUSD>
        <pctVal>0.088254722445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cairo Investment &amp; Real Estate</name>
        <lei>N/A</lei>
        <title>Cairo Investment &amp; Real Estate Development Co SAE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EGS65541C012"/>
          <ticker value="CIRA"/>
          <other otherDesc="SEDOL" value="6719355"/>
        </identifiers>
        <balance>31627.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="16.12000000"/>
        <valUSD>23543.67000000</valUSD>
        <pctVal>0.015952845204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DLF Ltd</name>
        <lei>335800PJLUEOB8914F48</lei>
        <title>DLF Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE271C01023"/>
          <ticker value="DLFU"/>
          <other otherDesc="SEDOL" value="B1YLCV0"/>
        </identifiers>
        <balance>134308.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="71.73750000"/>
        <valUSD>411325.56000000</valUSD>
        <pctVal>0.278708161788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aveo Group</name>
        <lei>N/A</lei>
        <title>Aveo Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000AOG1"/>
          <ticker value="AOG"/>
          <other otherDesc="SEDOL" value="BGDW134"/>
        </identifiers>
        <balance>55778.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>82813.49000000</valUSD>
        <pctVal>0.056113205241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA OVERSEAS</name>
        <lei>529900I6W35GYKRIZ151</lei>
        <title>China Overseas Land &amp; Investment Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0688002218"/>
          <ticker value="688"/>
          <other otherDesc="SEDOL" value="6192150"/>
        </identifiers>
        <balance>506770.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>1699429.91000000</valUSD>
        <pctVal>1.151508761828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADO Group Ltd</name>
        <lei>213800TKSXWFS1WL9A98</lei>
        <title>ADO Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0005050161"/>
          <ticker value="ADO"/>
          <other otherDesc="SEDOL" value="6043311"/>
        </identifiers>
        <balance>1002.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>28335.28000000</valUSD>
        <pctVal>0.019199569806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Melisron Ltd</name>
        <lei>213800B9SL62L9VLO604</lei>
        <title>Melisron Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0003230146"/>
          <ticker value="MLSR"/>
          <other otherDesc="SEDOL" value="6565310"/>
        </identifiers>
        <balance>2499.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>161602.14000000</valUSD>
        <pctVal>0.109499237976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Housing Development &amp; Infrastr</name>
        <lei>N/A</lei>
        <title>Housing Development &amp; Infrastructure Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE191I01012"/>
          <ticker value="HDIL"/>
          <other otherDesc="SEDOL" value="B1RPZ09"/>
        </identifiers>
        <balance>35478.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="71.73750000"/>
        <valUSD>1829.85000000</valUSD>
        <pctVal>0.001239879500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eco World International Bhd</name>
        <lei>N/A</lei>
        <title>Eco World International Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5283OO006"/>
          <ticker value="ECWI"/>
          <other otherDesc="SEDOL" value="BD9GJH9"/>
        </identifiers>
        <balance>47900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>10551.42000000</valUSD>
        <pctVal>0.007149487312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fukuoka REIT Corp</name>
        <lei>N/A</lei>
        <title>Fukuoka REIT Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046240002"/>
          <ticker value="8968"/>
          <other otherDesc="SEDOL" value="B0B8154"/>
        </identifiers>
        <balance>97.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>165017.81000000</valUSD>
        <pctVal>0.111813645831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vital Healthcare Property Trus</name>
        <lei>N/A</lei>
        <title>Vital Healthcare Property Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZCHPE0001S4"/>
          <ticker value="VHP"/>
          <other otherDesc="SEDOL" value="6173843"/>
        </identifiers>
        <balance>50822.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.55787450"/>
        <valUSD>87265.60000000</valUSD>
        <pctVal>0.059129889626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aeon Mall Co Ltd</name>
        <lei>N/A</lei>
        <title>Aeon Mall Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3131430005"/>
          <ticker value="8905"/>
          <other otherDesc="SEDOL" value="6534202"/>
        </identifiers>
        <balance>12700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>203993.24000000</valUSD>
        <pctVal>0.138222825096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Property Perfect PCL</name>
        <lei>N/A</lei>
        <title>Property Perfect PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0352010R13"/>
          <ticker value="PF-R"/>
          <other otherDesc="SEDOL" value="6362425"/>
        </identifiers>
        <balance>1113300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>30579.60000000</valUSD>
        <pctVal>0.020720288095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SA Corporate Real Estate Ltd</name>
        <lei>N/A</lei>
        <title>SA Corporate Real Estate Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000203238"/>
          <ticker value="SAC"/>
          <other otherDesc="SEDOL" value="BZ1C8N8"/>
        </identifiers>
        <balance>269420.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65300000"/>
        <valUSD>59388.97000000</valUSD>
        <pctVal>0.040241094327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dios Fastigheter AB</name>
        <lei>549300G3VF7LZQ9IW435</lei>
        <title>Dios Fastigheter AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0001634262"/>
          <ticker value="DIOS"/>
          <other otherDesc="SEDOL" value="B1323T9"/>
        </identifiers>
        <balance>12134.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>104579.95000000</valUSD>
        <pctVal>0.070861839036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MBK PCL</name>
        <lei>N/A</lei>
        <title>MBK PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0480010R12"/>
          <ticker value="MBK-R"/>
          <other otherDesc="SEDOL" value="6361723"/>
        </identifiers>
        <balance>149100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>110033.26000000</valUSD>
        <pctVal>0.074556921845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Shibei Hi-Tech Co Ltd</name>
        <lei>549300OHIRVYSNIDYU09</lei>
        <title>Shanghai Shibei Hi-Tech Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE0000003Y6"/>
          <ticker value="900902C"/>
          <other otherDesc="SEDOL" value="6800798"/>
        </identifiers>
        <balance>46665.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16099.43000000</valUSD>
        <pctVal>0.010908737451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yuexiu Property Co Ltd</name>
        <lei>529900GASK6R1FD08W10</lei>
        <title>Yuexiu Property Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0123000694"/>
          <ticker value="123"/>
          <other otherDesc="SEDOL" value="6392422"/>
        </identifiers>
        <balance>882011.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>188171.36000000</valUSD>
        <pctVal>0.127502151450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAI Cheung Holdings Ltd</name>
        <lei>N/A</lei>
        <title>TAI Cheung Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG8659B1054"/>
          <ticker value="88"/>
          <other otherDesc="SEDOL" value="6869852"/>
        </identifiers>
        <balance>32700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>26109.04000000</valUSD>
        <pctVal>0.017691102260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Leopalace21 Corp</name>
        <lei>529900Z3BHJUW1DY6254</lei>
        <title>Leopalace21 Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3167500002"/>
          <ticker value="8848"/>
          <other otherDesc="SEDOL" value="6598424"/>
        </identifiers>
        <balance>30100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>78610.17000000</valUSD>
        <pctVal>0.053265097307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="78607.5609575"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Big Shopping Centers Ltd</name>
        <lei>N/A</lei>
        <title>Big Shopping Centers Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0010972607"/>
          <ticker value="BIG"/>
          <other otherDesc="SEDOL" value="B1KZR22"/>
        </identifiers>
        <balance>700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>69473.50000000</valUSD>
        <pctVal>0.047074223828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Warehouses De Pauw CVA</name>
        <lei>549300HWDYC5JXC85138</lei>
        <title>Warehouses De Pauw CVA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003763779"/>
          <ticker value="WDP"/>
          <other otherDesc="SEDOL" value="5710360"/>
        </identifiers>
        <balance>2399.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>424809.40000000</valUSD>
        <pctVal>0.287844613848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mapletree Industrial Trust</name>
        <lei>549300R7WZFHXNKDJF41</lei>
        <title>Mapletree Industrial Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2C32962814"/>
          <ticker value="MINT"/>
          <other otherDesc="SEDOL" value="B4LR5Q8"/>
        </identifiers>
        <balance>186588.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>342488.49000000</valUSD>
        <pctVal>0.232065173585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Supalai PCL</name>
        <lei>N/A</lei>
        <title>Supalai PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0371010R13"/>
          <ticker value="SPALI-R"/>
          <other otherDesc="SEDOL" value="6554749"/>
        </identifiers>
        <balance>190000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>109406.80000000</valUSD>
        <pctVal>0.074132441745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hongkong Land Holdings Ltd</name>
        <lei>213800XCHYNRPAYGXW28</lei>
        <title>Hongkong Land Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG4587L1090"/>
          <ticker value="HKL"/>
          <other otherDesc="SEDOL" value="6434915"/>
        </identifiers>
        <balance>158087.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>869478.50000000</valUSD>
        <pctVal>0.589145868905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Filinvest Development Corp</name>
        <lei>N/A</lei>
        <title>Filinvest Development Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY247771496"/>
          <ticker value="FDC"/>
          <other otherDesc="SEDOL" value="6358491"/>
        </identifiers>
        <balance>106640.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.81500000"/>
        <valUSD>28079.17000000</valUSD>
        <pctVal>0.019026033430</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Global REIT ETF</name>
        <lei>549300254BKG04Y2B303</lei>
        <title>iShares Global REIT ETF</title>
        <cusip>46434V647</cusip>
        <identifiers>
          <isin value="US46434V6478"/>
          <ticker value="REET"/>
        </identifiers>
        <balance>1500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42540.00000000</valUSD>
        <pctVal>0.028824479573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="19852"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Globe Trade Centre SA</name>
        <lei>25940046GV7I3I2ZN618</lei>
        <title>Globe Trade Centre SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PLGTC0000037"/>
          <ticker value="GTC"/>
          <other otherDesc="SEDOL" value="B1BFM59"/>
        </identifiers>
        <balance>25244.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.91105000"/>
        <valUSD>60414.43000000</valUSD>
        <pctVal>0.040935930971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CFE Capital S de RL de CV</name>
        <lei>N/A</lei>
        <title>CFE Capital S de RL de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MXFEFC0C0003"/>
          <ticker value="FCFE18"/>
          <other otherDesc="SEDOL" value="BD96JF7"/>
        </identifiers>
        <balance>121258.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.50550000"/>
        <valUSD>176924.59000000</valUSD>
        <pctVal>0.119881505185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Summit Industrial Income REIT</name>
        <lei>2549002JNRHTJ9H0MR86</lei>
        <title>Summit Industrial Income REIT</title>
        <cusip>866120116</cusip>
        <identifiers>
          <isin value="CA8661201167"/>
          <ticker value="SMU-U"/>
          <other otherDesc="SEDOL" value="B928VJ0"/>
        </identifiers>
        <balance>15176.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>146704.19000000</valUSD>
        <pctVal>0.099404605737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="146694.52286849"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Building Fund Inc</name>
        <lei>52990053R8NL2MB32172</lei>
        <title>Nippon Building Fund Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3027670003"/>
          <ticker value="8951"/>
          <other otherDesc="SEDOL" value="6396800"/>
        </identifiers>
        <balance>193.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>1448689.62000000</valUSD>
        <pctVal>0.981610821831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Singha Estate PCL</name>
        <lei>N/A</lei>
        <title>Singha Estate PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0940010R15"/>
          <ticker value="S-R"/>
          <other otherDesc="SEDOL" value="B1TRN76"/>
        </identifiers>
        <balance>459600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>44716.60000000</valUSD>
        <pctVal>0.030299311784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Belle Corp</name>
        <lei>N/A</lei>
        <title>Belle Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY0775S1043"/>
          <ticker value="BEL"/>
          <other otherDesc="SEDOL" value="6090180"/>
        </identifiers>
        <balance>508000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.81500000"/>
        <valUSD>20393.98000000</valUSD>
        <pctVal>0.013818661493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Land &amp; Houses PCL</name>
        <lei>529900O7AEACUWP7KS87</lei>
        <title>Land &amp; Houses PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0143010R16"/>
          <ticker value="LHR"/>
          <other otherDesc="SEDOL" value="6581941"/>
        </identifiers>
        <balance>1130200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>366541.24000000</valUSD>
        <pctVal>0.248362963925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEG Immobilien AG</name>
        <lei>391200SO40AKONBO0Z96</lei>
        <title>LEG Immobilien AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000LEG1110"/>
          <ticker value="LEG"/>
          <other otherDesc="SEDOL" value="B9G6L89"/>
        </identifiers>
        <balance>8528.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>963335.32000000</valUSD>
        <pctVal>0.652741872454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cominar Real Estate Investment</name>
        <lei>549300UPHCRPB5SL8E15</lei>
        <title>Cominar Real Estate Investment Trust</title>
        <cusip>199910100</cusip>
        <identifiers>
          <isin value="CA1999101001"/>
          <ticker value="CUF-U"/>
          <other otherDesc="SEDOL" value="2419927"/>
        </identifiers>
        <balance>22486.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>240730.98000000</valUSD>
        <pctVal>0.163115778463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Logistics Fund Inc</name>
        <lei>3538004KZWISCQO70151</lei>
        <title>Japan Logistics Fund Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046230003"/>
          <ticker value="8967"/>
          <other otherDesc="SEDOL" value="B07NL19"/>
        </identifiers>
        <balance>115.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>294247.10000000</valUSD>
        <pctVal>0.199377515835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Carmila SA</name>
        <lei>222100P6D3QKU33LZQ72</lei>
        <title>Carmila SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0010828137"/>
          <ticker value="CARM"/>
          <other otherDesc="SEDOL" value="B4Y0230"/>
        </identifiers>
        <balance>8563.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>172403.09000000</valUSD>
        <pctVal>0.116817803154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Heiwa Real Estate Co Ltd</name>
        <lei>N/A</lei>
        <title>Heiwa Real Estate Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3834800009"/>
          <ticker value="8803"/>
          <other otherDesc="SEDOL" value="6419600"/>
        </identifiers>
        <balance>6000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>144151.22000000</valUSD>
        <pctVal>0.097674750739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Montea C.V.A</name>
        <lei>5493006K5LQDD0GK1T60</lei>
        <title>Montea C.V.A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003853703"/>
          <ticker value="MONT"/>
          <other otherDesc="SEDOL" value="B1FWD64"/>
        </identifiers>
        <balance>1687.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>147132.93000000</valUSD>
        <pctVal>0.099695113668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lippo Karawaci Tbk PT</name>
        <lei>254900KQ77NJ1AG8IC28</lei>
        <title>Lippo Karawaci Tbk PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000108905"/>
          <ticker value="LPKR"/>
          <other otherDesc="SEDOL" value="B19HDX2"/>
        </identifiers>
        <balance>6790385.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14105.00000000"/>
        <valUSD>117465.72000000</valUSD>
        <pctVal>0.079593047644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Axis Real Estate Investment Tr</name>
        <lei>N/A</lei>
        <title>Axis Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5106TO008"/>
          <ticker value="AXRB"/>
          <other otherDesc="SEDOL" value="B0CMCL8"/>
        </identifiers>
        <balance>84489.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>36008.72000000</valUSD>
        <pctVal>0.024398980115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADO Properties SA</name>
        <lei>391200OYYFJ3DWAMEC69</lei>
        <title>ADO Properties SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU1250154413"/>
          <ticker value="ADJ"/>
          <other otherDesc="SEDOL" value="BYNXBZ5"/>
        </identifiers>
        <balance>3805.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>148349.21000000</valUSD>
        <pctVal>0.100519247142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unitech Ltd</name>
        <lei>335800JCY5Q6H8TI9P70</lei>
        <title>Unitech Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE694A01020"/>
          <ticker value="UT"/>
          <other otherDesc="SEDOL" value="B17MRV5"/>
        </identifiers>
        <balance>547747.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="71.73750000"/>
        <valUSD>9544.29000000</valUSD>
        <pctVal>0.006467070807</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Centuria Industrial REIT</name>
        <lei>N/A</lei>
        <title>Centuria Industrial REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CIP0"/>
          <ticker value="CIP"/>
          <other otherDesc="SEDOL" value="BD31FD8"/>
        </identifiers>
        <balance>33121.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>80650.97000000</valUSD>
        <pctVal>0.054647913431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALE Property Group</name>
        <lei>N/A</lei>
        <title>ALE Property Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000LEP0"/>
          <ticker value="LEP"/>
          <other otherDesc="SEDOL" value="6713528"/>
        </identifiers>
        <balance>15737.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>58651.24000000</valUSD>
        <pctVal>0.039741219308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BWP Trust</name>
        <lei>N/A</lei>
        <title>BWP Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BWP3"/>
          <ticker value="BWP"/>
          <other otherDesc="SEDOL" value="6127453"/>
        </identifiers>
        <balance>64344.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>185404.94000000</valUSD>
        <pctVal>0.125627665866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DREAM Unlimited Corp</name>
        <lei>N/A</lei>
        <title>DREAM Unlimited Corp</title>
        <cusip>26153M200</cusip>
        <identifiers>
          <isin value="CA26153M2004"/>
          <ticker value="DRM"/>
          <other otherDesc="SEDOL" value="BB2D0Q9"/>
        </identifiers>
        <balance>10113.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>88167.54000000</valUSD>
        <pctVal>0.059741030931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Summarecon Agung Tbk PT</name>
        <lei>529900NX0EYVOH3TJZ08</lei>
        <title>Summarecon Agung Tbk PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000092406"/>
          <ticker value="SMRA"/>
          <other otherDesc="SEDOL" value="6538527"/>
        </identifiers>
        <balance>1215817.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14105.00000000"/>
        <valUSD>87921.54000000</valUSD>
        <pctVal>0.059574344942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unizo Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>Unizo Holdings Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3394400000"/>
          <ticker value="3258"/>
          <other otherDesc="SEDOL" value="B2PNJP5"/>
        </identifiers>
        <balance>3600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>161245.55000000</valUSD>
        <pctVal>0.109257617827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Siam Future Development PCL</name>
        <lei>N/A</lei>
        <title>Siam Future Development PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0699010R17"/>
          <ticker value="SF-R"/>
          <other otherDesc="SEDOL" value="6578169"/>
        </identifiers>
        <balance>169640.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>30034.71000000</valUSD>
        <pctVal>0.020351078629</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MRCB-QUILL REIT</name>
        <lei>N/A</lei>
        <title>MRCB-QUILL REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5123TO003"/>
          <ticker value="MQREIT"/>
          <other otherDesc="SEDOL" value="B1M32W9"/>
        </identifiers>
        <balance>64100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>15347.78000000</valUSD>
        <pctVal>0.010399430444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GEMDALE PPT</name>
        <lei>N/A</lei>
        <title>Gemdale Properties &amp; Investment Corp Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG3911S1035"/>
          <ticker value="535"/>
          <other otherDesc="SEDOL" value="B9M3N77"/>
        </identifiers>
        <balance>568589.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>66100.22000000</valUSD>
        <pctVal>0.044788538815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Origin Property PCL</name>
        <lei>N/A</lei>
        <title>Origin Property PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH6789010R10"/>
          <ticker value="ORI-R"/>
          <other otherDesc="SEDOL" value="BYTM037"/>
        </identifiers>
        <balance>140000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>31968.23000000</valUSD>
        <pctVal>0.021661203400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amata Corp PCL</name>
        <lei>N/A</lei>
        <title>Amata Corp PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0617010R19"/>
          <ticker value="AMATA-R"/>
          <other otherDesc="SEDOL" value="6592965"/>
        </identifiers>
        <balance>129800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>91065.11000000</valUSD>
        <pctVal>0.061704381831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arad Investment &amp; Industrial D</name>
        <lei>N/A</lei>
        <title>Arad Investment &amp; Industrial Development Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0007310183"/>
          <ticker value="ARAD"/>
          <other otherDesc="SEDOL" value="6047636"/>
        </identifiers>
        <balance>214.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>18975.76000000</valUSD>
        <pctVal>0.012857696439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ciputra Development Tbk PT</name>
        <lei>2549000JMJUYB9U5Y204</lei>
        <title>Ciputra Development Tbk PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000115306"/>
          <ticker value="CTRA"/>
          <other otherDesc="SEDOL" value="6291767"/>
        </identifiers>
        <balance>1378320.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14105.00000000"/>
        <valUSD>98207.13000000</valUSD>
        <pctVal>0.066543709748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Societe Fonciere Lyonnaise SA</name>
        <lei>969500B0S40FTUVKD182</lei>
        <title>Societe Fonciere Lyonnaise SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000033409"/>
          <ticker value="FLY"/>
          <other otherDesc="SEDOL" value="4643304"/>
        </identifiers>
        <balance>1199.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>94392.12000000</valUSD>
        <pctVal>0.063958714971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FirstService Corp</name>
        <lei>5493000XUDIV75BCF118</lei>
        <title>FirstService Corp</title>
        <cusip>33767E202</cusip>
        <identifiers>
          <isin value="CA33767E2024"/>
          <ticker value="FSV"/>
          <other otherDesc="SEDOL" value="BJMKSJ5"/>
        </identifiers>
        <balance>4251.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>406713.40000000</valUSD>
        <pctVal>0.275583029871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Growthpoint Properties Austral</name>
        <lei>N/A</lei>
        <title>Growthpoint Properties Australia Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000GOZ8"/>
          <ticker value="GOZ"/>
          <other otherDesc="SEDOL" value="B1Y9BC8"/>
        </identifiers>
        <balance>40166.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>119540.45000000</valUSD>
        <pctVal>0.080998854238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OUE Commercial Real Estate Inv</name>
        <lei>549300ZH7I6OTTYIPE70</lei>
        <title>OUE Commercial Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2G60000004"/>
          <ticker value="OUECT"/>
          <other otherDesc="SEDOL" value="BJ62K79"/>
        </identifiers>
        <balance>387439.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>158664.55000000</valUSD>
        <pctVal>0.107508770112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Isras Investment Co Ltd</name>
        <lei>N/A</lei>
        <title>Isras Investment Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0006130343"/>
          <ticker value="ISRS"/>
          <other otherDesc="SEDOL" value="6461496"/>
        </identifiers>
        <balance>201.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>46199.71000000</valUSD>
        <pctVal>0.031304245350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iguatemi Empresa de Shopping C</name>
        <lei>N/A</lei>
        <title>Iguatemi Empresa de Shopping Centers SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRIGTAACNOR5"/>
          <ticker value="IGTA3"/>
          <other otherDesc="SEDOL" value="B1NXMK6"/>
        </identifiers>
        <balance>12343.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.22830000"/>
        <valUSD>138542.39000000</valUSD>
        <pctVal>0.093874289860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City Retail Developments Tbk P</name>
        <lei>N/A</lei>
        <title>City Retail Developments Tbk PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000124605"/>
          <ticker value="NIRO"/>
          <other otherDesc="SEDOL" value="B7KXTX3"/>
        </identifiers>
        <balance>2725854.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14105.00000000"/>
        <valUSD>26475.86000000</valUSD>
        <pctVal>0.017939654108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cache Logistics Trust</name>
        <lei>529900J4YL3CYGKS5I45</lei>
        <title>Cache Logistics Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1Z70955880"/>
          <ticker value="CACHE"/>
          <other otherDesc="SEDOL" value="B521L46"/>
        </identifiers>
        <balance>139800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>73097.37000000</valUSD>
        <pctVal>0.049529704947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UOA Development Bhd</name>
        <lei>N/A</lei>
        <title>UOA Development Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5200OO000"/>
          <ticker value="UOAD"/>
          <other otherDesc="SEDOL" value="B41LHL9"/>
        </identifiers>
        <balance>41200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>19828.09000000</valUSD>
        <pctVal>0.013435222736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CapitaLand Retail China Trust</name>
        <lei>5493007T7JU82E186P49</lei>
        <title>CapitaLand Retail China Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1U25933169"/>
          <ticker value="CRCT"/>
          <other otherDesc="SEDOL" value="B1HL3P8"/>
        </identifiers>
        <balance>98041.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>113996.99000000</valUSD>
        <pctVal>0.077242687112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Heiwa Real Estate REIT Inc</name>
        <lei>N/A</lei>
        <title>Heiwa Real Estate REIT Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046220004"/>
          <ticker value="8966"/>
          <other otherDesc="SEDOL" value="B064LV3"/>
        </identifiers>
        <balance>114.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>145636.01000000</valUSD>
        <pctVal>0.098680822648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vukile Property Fund Ltd</name>
        <lei>549300BDQAETROOTKO37</lei>
        <title>Vukile Property Fund Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000180865"/>
          <ticker value="VKE"/>
          <other otherDesc="SEDOL" value="BTLK2B6"/>
        </identifiers>
        <balance>110530.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65300000"/>
        <valUSD>148600.35000000</valUSD>
        <pctVal>0.100689415920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IMPACT Growth Real Estate Inve</name>
        <lei>N/A</lei>
        <title>IMPACT Growth Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH5882010017"/>
          <ticker value="IMPACT/"/>
          <other otherDesc="SEDOL" value="BRCFG03"/>
        </identifiers>
        <balance>157300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>134044.01000000</valUSD>
        <pctVal>0.090826253602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITE Group PLC/The</name>
        <lei>213800BBUUWVDH9YI827</lei>
        <title>UNITE Group PLC/The</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0006928617"/>
          <ticker value="UTG"/>
          <other otherDesc="SEDOL" value="0692861"/>
        </identifiers>
        <balance>39288.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>635746.66000000</valUSD>
        <pctVal>0.430772604969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hemfosa Fastigheter AB</name>
        <lei>549300PZRE1NF5Y4QZ03</lei>
        <title>Hemfosa Fastigheter AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0007126115"/>
          <ticker value="HEMF"/>
          <other otherDesc="SEDOL" value="BXRTNW3"/>
        </identifiers>
        <balance>22816.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>278402.32000000</valUSD>
        <pctVal>0.188641325486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="261478.05874402"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Macquarie Mexico Real Estate M</name>
        <lei>N/A</lei>
        <title>Macquarie Mexico Real Estate Management SA de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MXCFFI0U0002"/>
          <ticker value="FIBRAMQ"/>
          <other otherDesc="SEDOL" value="B80RZK1"/>
        </identifiers>
        <balance>108516.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.50550000"/>
        <valUSD>151267.59000000</valUSD>
        <pctVal>0.102496698593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canadian Apartment Properties</name>
        <lei>549300B1MYVTQEB2DI90</lei>
        <title>Canadian Apartment Properties REIT</title>
        <cusip>134921105</cusip>
        <identifiers>
          <isin value="CA1349211054"/>
          <ticker value="CAR-U"/>
          <other otherDesc="SEDOL" value="2117599"/>
        </identifiers>
        <balance>21309.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>889419.13000000</valUSD>
        <pctVal>0.602657347093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PSP Swiss Property AG</name>
        <lei>50670042Y437P8X44F56</lei>
        <title>PSP Swiss Property AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0018294154"/>
          <ticker value="PSPN"/>
          <other otherDesc="SEDOL" value="B012877"/>
        </identifiers>
        <balance>4905.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.99935000"/>
        <valUSD>638555.56000000</valUSD>
        <pctVal>0.432675874378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sella Capital Real Estate Ltd</name>
        <lei>N/A</lei>
        <title>Sella Capital Real Estate Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0011096448"/>
          <ticker value="SLARL"/>
          <other otherDesc="SEDOL" value="B2QF712"/>
        </identifiers>
        <balance>25973.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>77841.91000000</valUSD>
        <pctVal>0.052744535608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CH OVS G OCEANS</name>
        <lei>N/A</lei>
        <title>China Overseas Grand Oceans Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000065737"/>
          <ticker value="81"/>
          <other otherDesc="SEDOL" value="6803247"/>
        </identifiers>
        <balance>241306.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>135330.50000000</valUSD>
        <pctVal>0.091697960342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Huaku Development Co Ltd</name>
        <lei>N/A</lei>
        <title>Huaku Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002548005"/>
          <ticker value="2548"/>
          <other otherDesc="SEDOL" value="6275459"/>
        </identifiers>
        <balance>34625.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>106676.39000000</valUSD>
        <pctVal>0.072282356007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bukit Sembawang Estates Ltd</name>
        <lei>529900J6WGBZEVNF0B20</lei>
        <title>Bukit Sembawang Estates Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T88932077"/>
          <ticker value="BS"/>
          <other otherDesc="SEDOL" value="B1FMSL4"/>
        </identifiers>
        <balance>21100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>74527.77000000</valUSD>
        <pctVal>0.050498922991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YTL Hospitality REIT</name>
        <lei>N/A</lei>
        <title>YTL Hospitality REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5109TO002"/>
          <ticker value="YTLREIT"/>
          <other otherDesc="SEDOL" value="B0JVKJ2"/>
        </identifiers>
        <balance>93800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>30319.65000000</valUSD>
        <pctVal>0.020544149791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CapitaLand Ltd</name>
        <lei>2549006LYGY45GHGWZ89</lei>
        <title>CapitaLand Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1J27887962"/>
          <ticker value="CAPL"/>
          <other otherDesc="SEDOL" value="6309303"/>
        </identifiers>
        <balance>456651.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>1228911.97000000</valUSD>
        <pctVal>0.832692712211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Segro PLC</name>
        <lei>213800XC35KGM9NFC641</lei>
        <title>Segro PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B5ZN1N88"/>
          <ticker value="SGRO"/>
          <other otherDesc="SEDOL" value="B5ZN1N8"/>
        </identifiers>
        <balance>149030.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>1723368.20000000</valUSD>
        <pctVal>1.167728995752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Redco Properties Group Ltd</name>
        <lei>54930027GMI4T9YDMM54</lei>
        <title>Redco Properties Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG733101318"/>
          <ticker value="1622"/>
          <other otherDesc="SEDOL" value="BYYNHM3"/>
        </identifiers>
        <balance>132212.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>76850.26000000</valUSD>
        <pctVal>0.052072608124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dream Office Real Estate Inves</name>
        <lei>N/A</lei>
        <title>Dream Office Real Estate Investment Trust</title>
        <cusip>26153P104</cusip>
        <identifiers>
          <isin value="CA26153P1045"/>
          <ticker value="D-U"/>
          <other otherDesc="SEDOL" value="BMJJVS6"/>
        </identifiers>
        <balance>6050.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>138331.26000000</valUSD>
        <pctVal>0.093731231271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Befimmo SA</name>
        <lei>529900UM10B3V374TA43</lei>
        <title>Befimmo SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003678894"/>
          <ticker value="BEFB"/>
          <other otherDesc="SEDOL" value="4082628"/>
        </identifiers>
        <balance>2665.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>171898.23000000</valUSD>
        <pctVal>0.116475717429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CDL Hospitality Trusts</name>
        <lei>N/A</lei>
        <title>CDL Hospitality Trusts</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T66931158"/>
          <ticker value="CDREIT"/>
          <other otherDesc="SEDOL" value="B192HG8"/>
        </identifiers>
        <balance>100100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>118587.15000000</valUSD>
        <pctVal>0.080352912151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA SDHS FIN</name>
        <lei>N/A</lei>
        <title>China Shandong Hi-Speed Financial Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2118Q1006"/>
          <ticker value="412"/>
          <other otherDesc="SEDOL" value="BYRMJ21"/>
        </identifiers>
        <balance>3343643.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>98245.08000000</valUSD>
        <pctVal>0.066569424111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="8814.79352306"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mirai Corp</name>
        <lei>353800HQCYM7P10R9D93</lei>
        <title>Mirai Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3048370005"/>
          <ticker value="3476"/>
          <other otherDesc="SEDOL" value="BZ1B0D9"/>
        </identifiers>
        <balance>207.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>116060.63000000</valUSD>
        <pctVal>0.078640979284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LJZ</name>
        <lei>N/A</lei>
        <title>Shanghai Lujiazui Finance &amp; Trade Zone Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000HH6"/>
          <ticker value="900932"/>
          <other otherDesc="SEDOL" value="6798666"/>
        </identifiers>
        <balance>150822.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>138002.13000000</valUSD>
        <pctVal>0.093508217615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>8990 Holdings Inc</name>
        <lei>N/A</lei>
        <title>8990 Holdings Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY2257P1031"/>
          <ticker value="HOUSE"/>
          <other otherDesc="SEDOL" value="BFG0SY8"/>
        </identifiers>
        <balance>96600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.81500000"/>
        <valUSD>28249.06000000</valUSD>
        <pctVal>0.019141148400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche EuroShop AG</name>
        <lei>529900Y9QTEFHFEKQ736</lei>
        <title>Deutsche EuroShop AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007480204"/>
          <ticker value="DEQ"/>
          <other otherDesc="SEDOL" value="4754972"/>
        </identifiers>
        <balance>6589.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>190634.57000000</valUSD>
        <pctVal>0.129171186390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Emlak Konut Gayrimenkul Yatiri</name>
        <lei>N/A</lei>
        <title>Emlak Konut Gayrimenkul Yatirim Ortakligi AS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TREEGYO00017"/>
          <ticker value="EKGYO"/>
          <other otherDesc="SEDOL" value="B586565"/>
        </identifiers>
        <balance>290232.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="5.74350000"/>
        <valUSD>73777.09000000</valUSD>
        <pctVal>0.049990273242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Develia SA</name>
        <lei>259400HUJAX3D4W3RL34</lei>
        <title>Develia SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PLLCCRP00017"/>
          <ticker value="DVL"/>
          <other otherDesc="SEDOL" value="B1Z7745"/>
        </identifiers>
        <balance>63044.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.91105000"/>
        <valUSD>40298.64000000</valUSD>
        <pctVal>0.027305766937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Wohnen SE</name>
        <lei>529900QE24Q67I3FWZ10</lei>
        <title>Deutsche Wohnen SE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A0HN5C6"/>
          <ticker value="DWNI"/>
          <other otherDesc="SEDOL" value="B0YZ0Z5"/>
        </identifiers>
        <balance>45251.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>1768734.93000000</valUSD>
        <pctVal>1.198468826082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eco World Development Group Bh</name>
        <lei>N/A</lei>
        <title>Eco World Development Group Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL8206OO004"/>
          <ticker value="ECW"/>
          <other otherDesc="SEDOL" value="6773737"/>
        </identifiers>
        <balance>73300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>11320.12000000</valUSD>
        <pctVal>0.007670347148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sekisui House Reit Inc</name>
        <lei>N/A</lei>
        <title>Sekisui House Reit Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047820000"/>
          <ticker value="3309"/>
          <other otherDesc="SEDOL" value="BSKRKL7"/>
        </identifiers>
        <balance>588.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>519755.27000000</valUSD>
        <pctVal>0.352178541691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cromwell Property Group</name>
        <lei>N/A</lei>
        <title>Cromwell Property Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CMW8"/>
          <ticker value="CMW"/>
          <other otherDesc="SEDOL" value="6225476"/>
        </identifiers>
        <balance>292985.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>242764.47000000</valUSD>
        <pctVal>0.164493641438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Israel Canada T.R Ltd</name>
        <lei>N/A</lei>
        <title>Israel Canada T.R Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0004340191"/>
          <ticker value="ISCN"/>
          <other otherDesc="SEDOL" value="6742629"/>
        </identifiers>
        <balance>11631.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>21039.10000000</valUSD>
        <pctVal>0.014255785336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Scentre Group</name>
        <lei>N/A</lei>
        <title>Scentre Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SCG8"/>
          <ticker value="SCG"/>
          <other otherDesc="SEDOL" value="BLZH0Z7"/>
        </identifiers>
        <balance>719508.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>1917500.51000000</valUSD>
        <pctVal>1.299270199425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Viva Energy REIT</name>
        <lei>N/A</lei>
        <title>Viva Energy REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000VVR9"/>
          <ticker value="VVR"/>
          <other otherDesc="SEDOL" value="BZ4SMX1"/>
        </identifiers>
        <balance>67733.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>127822.75000000</valUSD>
        <pctVal>0.086610819145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Empiric Student Property PLC</name>
        <lei>213800FPF38IBPRFPU87</lei>
        <title>Empiric Student Property PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BLWDVR75"/>
          <ticker value="ESP"/>
          <other otherDesc="SEDOL" value="BLWDVR7"/>
        </identifiers>
        <balance>82786.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>103871.28000000</valUSD>
        <pctVal>0.070381654646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sunlight Real Estate Investmen</name>
        <lei>N/A</lei>
        <title>Sunlight Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0435036626"/>
          <ticker value="435"/>
          <other otherDesc="SEDOL" value="B1KR438"/>
        </identifiers>
        <balance>133388.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>85202.01000000</valUSD>
        <pctVal>0.057731631332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Argosy Property Ltd</name>
        <lei>N/A</lei>
        <title>Argosy Property Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZARGE0010S7"/>
          <ticker value="ARG"/>
          <other otherDesc="SEDOL" value="B6ZFBN1"/>
        </identifiers>
        <balance>116512.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.55787450"/>
        <valUSD>105452.60000000</valUSD>
        <pctVal>0.071453133867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Resilient REIT Ltd</name>
        <lei>N/A</lei>
        <title>Resilient REIT Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000209557"/>
          <ticker value="RES"/>
          <other otherDesc="SEDOL" value="BZ1MVY0"/>
        </identifiers>
        <balance>39188.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65300000"/>
        <valUSD>178382.56000000</valUSD>
        <pctVal>0.120869404256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vanguard Global ex-U.S. Real Estate ETF</name>
        <lei>N/A</lei>
        <title>Vanguard Global ex-U.S. Real Estate ETF</title>
        <cusip>922042676</cusip>
        <identifiers>
          <isin value="US9220426764"/>
          <ticker value="VNQI"/>
        </identifiers>
        <balance>8138.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>492023.48000000</valUSD>
        <pctVal>0.333387887850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First REIT</name>
        <lei>549300SI6X0UQQINB286</lei>
        <title>First Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1U27933225"/>
          <ticker value="FIRT"/>
          <other otherDesc="SEDOL" value="B1L0H71"/>
        </identifiers>
        <balance>70500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>53102.49000000</valUSD>
        <pctVal>0.035981467755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Advance Residence Investment C</name>
        <lei>N/A</lei>
        <title>Advance Residence Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047160001"/>
          <ticker value="3269"/>
          <other otherDesc="SEDOL" value="B62WZW2"/>
        </identifiers>
        <balance>188.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>606866.95000000</valUSD>
        <pctVal>0.411204137385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pavilion Real Estate Investmen</name>
        <lei>N/A</lei>
        <title>Pavilion Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5212TO004"/>
          <ticker value="PREIT"/>
          <other otherDesc="SEDOL" value="B79YDV3"/>
        </identifiers>
        <balance>54400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>23445.47000000</valUSD>
        <pctVal>0.015886306326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LaSalle Logiport REIT</name>
        <lei>353800II3DI1RPKBB314</lei>
        <title>LaSalle Logiport REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3048180008"/>
          <ticker value="3466"/>
          <other otherDesc="SEDOL" value="BDD1L29"/>
        </identifiers>
        <balance>171.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>261083.01000000</valUSD>
        <pctVal>0.176906015252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Storage REIT</name>
        <lei>N/A</lei>
        <title>National Storage REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000NSR2"/>
          <ticker value="NSR"/>
          <other otherDesc="SEDOL" value="BGP6479"/>
        </identifiers>
        <balance>105313.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>137481.08000000</valUSD>
        <pctVal>0.093155161783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>US Masters Residential Property Fund</name>
        <lei>549300JQVHF1MPNZ0U07</lei>
        <title>US Masters Residential Property Fund</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000URF4"/>
          <ticker value="URF"/>
          <other otherDesc="SEDOL" value="B3MCLB2"/>
        </identifiers>
        <balance>51929.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>28099.82000000</valUSD>
        <pctVal>0.019040025567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frasers Centrepoint Trust</name>
        <lei>5493002RGQ266FKERZ83</lei>
        <title>Frasers Centrepoint Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T60930966"/>
          <ticker value="FCT"/>
          <other otherDesc="SEDOL" value="B17NZ47"/>
        </identifiers>
        <balance>93100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>187908.88000000</valUSD>
        <pctVal>0.127324298855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LondonMetric Property PLC</name>
        <lei>213800OCERWWPQDURL87</lei>
        <title>LondonMetric Property PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B4WFW713"/>
          <ticker value="LMP"/>
          <other otherDesc="SEDOL" value="B4WFW71"/>
        </identifiers>
        <balance>115663.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>347993.41000000</valUSD>
        <pctVal>0.235795226573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grainger PLC</name>
        <lei>2138007CEIRKZMNI2979</lei>
        <title>Grainger PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B04V1276"/>
          <ticker value="GRI"/>
          <other otherDesc="SEDOL" value="B04V127"/>
        </identifiers>
        <balance>82857.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>303950.09000000</valUSD>
        <pctVal>0.205952119433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>British Land Co PLC/The</name>
        <lei>RV5B68J2GV3QGMRPW209</lei>
        <title>British Land Co PLC/The</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0001367019"/>
          <ticker value="BLND"/>
          <other otherDesc="SEDOL" value="0136701"/>
        </identifiers>
        <balance>120782.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>899269.48000000</valUSD>
        <pctVal>0.609331799664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frasers Hospitality Trust</name>
        <lei>N/A</lei>
        <title>Frasers Hospitality Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1AA5000001"/>
          <ticker value="FHT"/>
          <other otherDesc="SEDOL" value="BNG6J61"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>51921.46000000</valUSD>
        <pctVal>0.035181219163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Intervest Offices &amp; Warehouses</name>
        <lei>549300MEVEE709A1SM83</lei>
        <title>Intervest Offices &amp; Warehouses NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003746600"/>
          <ticker value="INTO"/>
          <other otherDesc="SEDOL" value="5633605"/>
        </identifiers>
        <balance>3099.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>93112.16000000</valUSD>
        <pctVal>0.063091432863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>St Modwen Properties PLC</name>
        <lei>213800WMV4WVES8TQH05</lei>
        <title>St Modwen Properties PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0007291015"/>
          <ticker value="SMP"/>
          <other otherDesc="SEDOL" value="0729101"/>
        </identifiers>
        <balance>26642.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>157488.87000000</valUSD>
        <pctVal>0.106712146601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SC Asset Corp PCL</name>
        <lei>N/A</lei>
        <title>SC Asset Corp PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0747010R14"/>
          <ticker value="SC-R"/>
          <other otherDesc="SEDOL" value="6711384"/>
        </identifiers>
        <balance>229800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>17643.29000000</valUSD>
        <pctVal>0.011954834325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AIMS APAC REIT</name>
        <lei>549300MGNQOBQ3KVN734</lei>
        <title>AIMS APAC REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2D63974620"/>
          <ticker value="AAREIT"/>
          <other otherDesc="SEDOL" value="B58DLN5"/>
        </identifiers>
        <balance>69900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>73097.37000000</valUSD>
        <pctVal>0.049529704947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Artis Real Estate Investment T</name>
        <lei>549300OG2O5VI2N1XS44</lei>
        <title>Artis Real Estate Investment Trust</title>
        <cusip>04315L105</cusip>
        <identifiers>
          <isin value="CA04315L1058"/>
          <ticker value="AX-U"/>
          <other otherDesc="SEDOL" value="B0XZXV3"/>
        </identifiers>
        <balance>18087.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>160818.72000000</valUSD>
        <pctVal>0.108968404084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capital &amp; Counties Properties</name>
        <lei>549300TTXXZ1SHUI0D54</lei>
        <title>Capital &amp; Counties Properties PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B62G9D36"/>
          <ticker value="CAPC"/>
          <other otherDesc="SEDOL" value="B62G9D3"/>
        </identifiers>
        <balance>86756.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>272018.84000000</valUSD>
        <pctVal>0.184315973138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mori Trust Sogo Reit Inc</name>
        <lei>N/A</lei>
        <title>Mori Trust Sogo Reit Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046170001"/>
          <ticker value="8961"/>
          <other otherDesc="SEDOL" value="6729558"/>
        </identifiers>
        <balance>120.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>215541.96000000</valUSD>
        <pctVal>0.146048068249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Prologis REIT Inc</name>
        <lei>353800PHBMSDLAFURY41</lei>
        <title>Nippon Prologis REIT Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047550003"/>
          <ticker value="3283"/>
          <other otherDesc="SEDOL" value="B98BC67"/>
        </identifiers>
        <balance>281.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>753627.07000000</valUSD>
        <pctVal>0.510646640470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>O-Bank No1 Real Estate Investm</name>
        <lei>N/A</lei>
        <title>O-Bank No1 Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW00001009T1"/>
          <ticker value="01009T"/>
          <other otherDesc="SEDOL" value="BG31SZ2"/>
        </identifiers>
        <balance>22357.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>6968.59000000</valUSD>
        <pctVal>0.004721814295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cromwell European Real Estate</name>
        <lei>21380093RFHTC319NL93</lei>
        <title>Cromwell European Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1EA8000000"/>
          <ticker value="CERT"/>
          <other otherDesc="SEDOL" value="BZ6CLB2"/>
        </identifiers>
        <balance>154400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>87674.41000000</valUSD>
        <pctVal>0.059406893281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Golden Land Property Developme</name>
        <lei>N/A</lei>
        <title>Golden Land Property Development PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0400010R10"/>
          <ticker value="GOLD-R"/>
          <other otherDesc="SEDOL" value="6368586"/>
        </identifiers>
        <balance>174300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>48741.13000000</valUSD>
        <pctVal>0.033026274238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SmartCentres Real Estate Inves</name>
        <lei>549300HKEP2IYWZ14H97</lei>
        <title>SmartCentres Real Estate Investment Trust</title>
        <cusip>83179X108</cusip>
        <identifiers>
          <isin value="CA83179X1087"/>
          <ticker value="SRU-U"/>
          <other otherDesc="SEDOL" value="BZ22BK5"/>
        </identifiers>
        <balance>16690.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>402469.94000000</valUSD>
        <pctVal>0.272707723663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hufvudstaden AB</name>
        <lei>213800UEV5ZAFFVQ4J85</lei>
        <title>Hufvudstaden AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000170375"/>
          <ticker value="HUFVA"/>
          <other otherDesc="SEDOL" value="4449137"/>
        </identifiers>
        <balance>16339.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>297688.77000000</valUSD>
        <pctVal>0.201709540908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IGB Bhd</name>
        <lei>254900MALKUSJ222KY95</lei>
        <title>IGB Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5606OO008"/>
          <ticker value="IGBB"/>
          <other otherDesc="SEDOL" value="6874544"/>
        </identifiers>
        <balance>18633.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>14365.68000000</valUSD>
        <pctVal>0.009733973900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>InterRent Real Estate Investme</name>
        <lei>N/A</lei>
        <title>InterRent Real Estate Investment Trust</title>
        <cusip>46071W205</cusip>
        <identifiers>
          <isin value="CA46071W2058"/>
          <ticker value="IIP-U"/>
          <other otherDesc="SEDOL" value="B1L9R12"/>
        </identifiers>
        <balance>16254.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>201668.30000000</valUSD>
        <pctVal>0.136647479879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lippo Cikarang Tbk PT</name>
        <lei>N/A</lei>
        <title>Lippo Cikarang Tbk PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000080302"/>
          <ticker value="LPCK"/>
          <other otherDesc="SEDOL" value="6008666"/>
        </identifiers>
        <balance>166653.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14105.00000000"/>
        <valUSD>11874.25000000</valUSD>
        <pctVal>0.008045817503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dream Industrial Real Estate I</name>
        <lei>N/A</lei>
        <title>Dream Industrial Real Estate Investment Trust</title>
        <cusip>26153W109</cusip>
        <identifiers>
          <isin value="CA26153W1095"/>
          <ticker value="DIR-U"/>
          <other otherDesc="SEDOL" value="BMH4P92"/>
        </identifiers>
        <balance>15061.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>158859.11000000</valUSD>
        <pctVal>0.107640601112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frasers Commercial Trust</name>
        <lei>549300V2Y9SWB50TML22</lei>
        <title>Frasers Commercial Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2C81967185"/>
          <ticker value="FCOT"/>
          <other otherDesc="SEDOL" value="B11HJT8"/>
        </identifiers>
        <balance>109900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>134215.51000000</valUSD>
        <pctVal>0.090942459485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YNH Property Bhd</name>
        <lei>N/A</lei>
        <title>YNH Property Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL3158OO002"/>
          <ticker value="YNHB"/>
          <other otherDesc="SEDOL" value="6712365"/>
        </identifiers>
        <balance>50100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>30708.97000000</valUSD>
        <pctVal>0.020807947308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Hotel REIT Investment Co</name>
        <lei>353800L8KG849FP1JI68</lei>
        <title>Japan Hotel REIT Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046400002"/>
          <ticker value="8985"/>
          <other otherDesc="SEDOL" value="B1530B1"/>
        </identifiers>
        <balance>602.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>493100.17000000</valUSD>
        <pctVal>0.334117437190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA JINMAO</name>
        <lei>3003000CW9WBO3PJ7R66</lei>
        <title>China Jinmao Holdings Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0817039453"/>
          <ticker value="817"/>
          <other otherDesc="SEDOL" value="B23TGR6"/>
        </identifiers>
        <balance>810803.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>538619.09000000</valUSD>
        <pctVal>0.364960389230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RioCan REIT</name>
        <lei>549300S8HVUSEU3JBY60</lei>
        <title>RioCan Real Estate Investment Trust</title>
        <cusip>766910103</cusip>
        <identifiers>
          <isin value="CA7669101031"/>
          <ticker value="REI-U"/>
          <other otherDesc="SEDOL" value="2229610"/>
        </identifiers>
        <balance>41754.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>853155.32000000</valUSD>
        <pctVal>0.578085521738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Keppel REIT</name>
        <lei>N/A</lei>
        <title>Keppel REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T22929874"/>
          <ticker value="KREIT"/>
          <other otherDesc="SEDOL" value="B12RQH4"/>
        </identifiers>
        <balance>249900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>224781.16000000</valUSD>
        <pctVal>0.152308414551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sansiri PCL</name>
        <lei>N/A</lei>
        <title>Sansiri PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0577010R15"/>
          <ticker value="SIRI-R"/>
          <other otherDesc="SEDOL" value="6363354"/>
        </identifiers>
        <balance>2187900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>80369.62000000</valUSD>
        <pctVal>0.054457274801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Redefine Properties Ltd</name>
        <lei>37890061EC026A7DA532</lei>
        <title>Redefine Properties Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000190252"/>
          <ticker value="RDF"/>
          <other otherDesc="SEDOL" value="BMP3858"/>
        </identifiers>
        <balance>695144.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65300000"/>
        <valUSD>390434.39000000</valUSD>
        <pctVal>0.264552611648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="342644.4489226"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASIA STANDARD</name>
        <lei>N/A</lei>
        <title>Asia Standard International Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG0533U2355"/>
          <ticker value="129"/>
          <other otherDesc="SEDOL" value="6054584"/>
        </identifiers>
        <balance>32975.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>5265.72000000</valUSD>
        <pctVal>0.003567974578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chong Hong Construction Co Ltd</name>
        <lei>N/A</lei>
        <title>Chong Hong Construction Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0005534002"/>
          <ticker value="5534"/>
          <other otherDesc="SEDOL" value="6511788"/>
        </identifiers>
        <balance>28721.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>77096.41000000</valUSD>
        <pctVal>0.052239395751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prince Housing &amp; Development C</name>
        <lei>N/A</lei>
        <title>Prince Housing &amp; Development Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002511003"/>
          <ticker value="2511"/>
          <other otherDesc="SEDOL" value="6703165"/>
        </identifiers>
        <balance>190050.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>69764.84000000</valUSD>
        <pctVal>0.047271631536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sun Hung Kai Properties Ltd</name>
        <lei>529900LUMD393RD3S874</lei>
        <title>Sun Hung Kai Properties Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0016000132"/>
          <ticker value="16"/>
          <other otherDesc="SEDOL" value="6859927"/>
        </identifiers>
        <balance>211180.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>3072837.28000000</valUSD>
        <pctVal>2.082109436094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Assura PLC</name>
        <lei>21380026T19N2Y52XF72</lei>
        <title>Assura PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BVGBWW93"/>
          <ticker value="AGR"/>
          <other otherDesc="SEDOL" value="BVGBWW9"/>
        </identifiers>
        <balance>336859.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>330281.47000000</valUSD>
        <pctVal>0.223793876014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOC Co Ltd</name>
        <lei>N/A</lei>
        <title>TOC Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3538400007"/>
          <ticker value="8841"/>
          <other otherDesc="SEDOL" value="6893497"/>
        </identifiers>
        <balance>7000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>56058.81000000</valUSD>
        <pctVal>0.037984626793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wihlborgs Fastigheter AB</name>
        <lei>549300RC1YDJPITF8X06</lei>
        <title>Wihlborgs Fastigheter AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0011205194"/>
          <ticker value="WIHL"/>
          <other otherDesc="SEDOL" value="BFZP1W3"/>
        </identifiers>
        <balance>18588.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>311478.11000000</valUSD>
        <pctVal>0.211052995285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hoshino Resorts REIT Inc</name>
        <lei>N/A</lei>
        <title>Hoshino Resorts REIT Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047610005"/>
          <ticker value="3287"/>
          <other otherDesc="SEDOL" value="BBH7G35"/>
        </identifiers>
        <balance>23.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>121185.28000000</valUSD>
        <pctVal>0.082113366902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Entra ASA</name>
        <lei>549300APU14LQKTYCH34</lei>
        <title>Entra ASA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0010716418"/>
          <ticker value="ENTRA"/>
          <other otherDesc="SEDOL" value="BRJ2VC4"/>
        </identifiers>
        <balance>19145.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.20960000"/>
        <valUSD>291033.27000000</valUSD>
        <pctVal>0.197199871801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shaftesbury PLC</name>
        <lei>213800N7LHKFNTDKAT98</lei>
        <title>Shaftesbury PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0007990962"/>
          <ticker value="SHB"/>
          <other otherDesc="SEDOL" value="0799096"/>
        </identifiers>
        <balance>20202.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>237011.00000000</valUSD>
        <pctVal>0.160595174619</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alony Hetz Properties &amp; Invest</name>
        <lei>213800PNXOBRJDRRDC27</lei>
        <title>Alony Hetz Properties &amp; Investments Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0003900136"/>
          <ticker value="ALHE"/>
          <other otherDesc="SEDOL" value="6013154"/>
        </identifiers>
        <balance>17739.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>265617.26000000</valUSD>
        <pctVal>0.179978356496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cathay Real Estate Development</name>
        <lei>N/A</lei>
        <title>Cathay Real Estate Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002501004"/>
          <ticker value="2501"/>
          <other otherDesc="SEDOL" value="6179733"/>
        </identifiers>
        <balance>73712.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>50251.87000000</valUSD>
        <pctVal>0.034049929486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hulic Reit Inc</name>
        <lei>N/A</lei>
        <title>Hulic Reit Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047660000"/>
          <ticker value="3295"/>
          <other otherDesc="SEDOL" value="BJ04C42"/>
        </identifiers>
        <balance>163.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>300666.61000000</valUSD>
        <pctVal>0.203727281582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goldcrest Co Ltd</name>
        <lei>N/A</lei>
        <title>Goldcrest Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3306800008"/>
          <ticker value="8871"/>
          <other otherDesc="SEDOL" value="6123343"/>
        </identifiers>
        <balance>2000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>39558.03000000</valUSD>
        <pctVal>0.026803940472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hansteen Holdings PLC</name>
        <lei>2138007274QQL9KBWY58</lei>
        <title>Hansteen Holdings PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B0PPFY88"/>
          <ticker value="HSTN"/>
          <other otherDesc="SEDOL" value="B0PPFY8"/>
        </identifiers>
        <balance>58207.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>78001.29000000</valUSD>
        <pctVal>0.052852529157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Land Securities Group PLC</name>
        <lei>213800V8IAVKS37D6B88</lei>
        <title>Land Securities Group PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BYW0PQ60"/>
          <ticker value="LAND"/>
          <other otherDesc="SEDOL" value="BYW0PQ6"/>
        </identifiers>
        <balance>94163.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>1167330.80000000</valUSD>
        <pctVal>0.790966215342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPH REIT</name>
        <lei>549300147IMZFE7VYR26</lei>
        <title>SPH REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2G02994595"/>
          <ticker value="SPHREIT"/>
          <other otherDesc="SEDOL" value="BCDYJ72"/>
        </identifiers>
        <balance>119900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>92942.34000000</valUSD>
        <pctVal>0.062976365324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Retail Estates NV</name>
        <lei>5493007CO5W5OBFG7L21</lei>
        <title>Retail Estates NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003720340"/>
          <ticker value="RET"/>
          <other otherDesc="SEDOL" value="5438361"/>
        </identifiers>
        <balance>1416.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>139110.30000000</valUSD>
        <pctVal>0.094259097340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atrium Ljungberg AB</name>
        <lei>5493001NNP6HM67OVU09</lei>
        <title>Atrium Ljungberg AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000191827"/>
          <ticker value="ATRLJB"/>
          <other otherDesc="SEDOL" value="B1TJ338"/>
        </identifiers>
        <balance>6492.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>140391.03000000</valUSD>
        <pctVal>0.095126901189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hong Pu Real Estate Developmen</name>
        <lei>N/A</lei>
        <title>Hong Pu Real Estate Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002536000"/>
          <ticker value="2536"/>
          <other otherDesc="SEDOL" value="6447678"/>
        </identifiers>
        <balance>16526.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>11835.04000000</valUSD>
        <pctVal>0.008019249382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xior Student Housing NV</name>
        <lei>549300JK7HFOCP0U8K85</lei>
        <title>Xior Student Housing NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0974288202"/>
          <ticker value="XIOR"/>
          <other otherDesc="SEDOL" value="BZ1NNF8"/>
        </identifiers>
        <balance>1982.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>111016.03000000</valUSD>
        <pctVal>0.075222832372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Reit 1 Ltd</name>
        <lei>N/A</lei>
        <title>Reit 1 Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0010989205"/>
          <ticker value="RIT1"/>
          <other otherDesc="SEDOL" value="B1NYV46"/>
        </identifiers>
        <balance>24828.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>158837.38000000</valUSD>
        <pctVal>0.107625877183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEA Holdings Ltd</name>
        <lei>N/A</lei>
        <title>SEA Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG7946B1000"/>
          <ticker value="251"/>
          <other otherDesc="SEDOL" value="6824710"/>
        </identifiers>
        <balance>17550.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>16658.24000000</valUSD>
        <pctVal>0.011287378904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GPT Group/The</name>
        <lei>N/A</lei>
        <title>GPT Group/The</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000GPT8"/>
          <ticker value="GPT"/>
          <other otherDesc="SEDOL" value="6365866"/>
        </identifiers>
        <balance>232996.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>969230.83000000</valUSD>
        <pctVal>0.656736583492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shinhan Alpha REIT Co Ltd</name>
        <lei>N/A</lei>
        <title>Shinhan Alpha REIT Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7293940003"/>
          <ticker value="293940"/>
          <other otherDesc="SEDOL" value="BG0WBV5"/>
        </identifiers>
        <balance>4676.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1181.15000000"/>
        <valUSD>32818.90000000</valUSD>
        <pctVal>0.022237604905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suntec REIT</name>
        <lei>549300C46QFXSI2F4K13</lei>
        <title>Suntec Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1Q52922370"/>
          <ticker value="SUN"/>
          <other otherDesc="SEDOL" value="B04PZ72"/>
        </identifiers>
        <balance>262200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>352808.51000000</valUSD>
        <pctVal>0.239057867654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Killam Apartment Real Estate I</name>
        <lei>N/A</lei>
        <title>Killam Apartment Real Estate Investment Trust</title>
        <cusip>49410M102</cusip>
        <identifiers>
          <isin value="CA49410M1023"/>
          <ticker value="KMP-U"/>
          <other otherDesc="SEDOL" value="BYZ1856"/>
        </identifiers>
        <balance>12031.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>180340.46000000</valUSD>
        <pctVal>0.122196048557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vista Land &amp; Lifescapes Inc</name>
        <lei>N/A</lei>
        <title>Vista Land &amp; Lifescapes Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY9382G1068"/>
          <ticker value="VLL"/>
          <other otherDesc="SEDOL" value="B1Z75R4"/>
        </identifiers>
        <balance>541700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.81500000"/>
        <valUSD>81017.81000000</valUSD>
        <pctVal>0.054896478831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Growthpoint Properties Ltd</name>
        <lei>37890019DD1E46632291</lei>
        <title>Growthpoint Properties Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000179420"/>
          <ticker value="GRT"/>
          <other otherDesc="SEDOL" value="BBGB5W0"/>
        </identifiers>
        <balance>342974.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65300000"/>
        <valUSD>533900.02000000</valUSD>
        <pctVal>0.361762816667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLP J-Reit</name>
        <lei>353800E27V9KA51K2I90</lei>
        <title>GLP J-Reit</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047510007"/>
          <ticker value="3281"/>
          <other otherDesc="SEDOL" value="B8RBZV7"/>
        </identifiers>
        <balance>513.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>682063.74000000</valUSD>
        <pctVal>0.462156378508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ananda Development PCL</name>
        <lei>N/A</lei>
        <title>Ananda Development PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH4101010R10"/>
          <ticker value="ANAN-R"/>
          <other otherDesc="SEDOL" value="B904JN0"/>
        </identifiers>
        <balance>210000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>20292.88000000</valUSD>
        <pctVal>0.013750157617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Land &amp; General Bhd</name>
        <lei>N/A</lei>
        <title>Land &amp; General Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL3174OO009"/>
          <ticker value="LGH"/>
          <other otherDesc="SEDOL" value="6365491"/>
        </identifiers>
        <balance>129400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>4492.52000000</valUSD>
        <pctVal>0.003044065608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UOL Group Ltd</name>
        <lei>254900O9PRCWTMR86R25</lei>
        <title>UOL Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1S83002349"/>
          <ticker value="UOL"/>
          <other otherDesc="SEDOL" value="6916844"/>
        </identifiers>
        <balance>64717.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>367255.78000000</valUSD>
        <pctVal>0.248847125741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Castellum AB</name>
        <lei>549300GU5OHTR1T5IY68</lei>
        <title>Castellum AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000379190"/>
          <ticker value="CAST"/>
          <other otherDesc="SEDOL" value="B0XP0T0"/>
        </identifiers>
        <balance>34926.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>747985.56000000</valUSD>
        <pctVal>0.506824036103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Great Portland Estates PLC</name>
        <lei>213800JMEDD2Q4N1MC42</lei>
        <title>Great Portland Estates PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BF5H9P87"/>
          <ticker value="GPOR"/>
          <other otherDesc="SEDOL" value="BF5H9P8"/>
        </identifiers>
        <balance>31862.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>342402.07000000</valUSD>
        <pctVal>0.232006616661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Altus Group Ltd/Canada</name>
        <lei>54930041VO1EIY4IV355</lei>
        <title>Altus Group Ltd/Canada</title>
        <cusip>02215R107</cusip>
        <identifiers>
          <isin value="CA02215R1073"/>
          <ticker value="AIF"/>
          <other otherDesc="SEDOL" value="B67M8D9"/>
        </identifiers>
        <balance>5542.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>153794.93000000</valUSD>
        <pctVal>0.104209187079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fubon No 2 REIT</name>
        <lei>N/A</lei>
        <title>Fubon No 2 REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW00001004T2"/>
          <ticker value="01004T"/>
          <other otherDesc="SEDOL" value="B12XFQ4"/>
        </identifiers>
        <balance>76146.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>34540.92000000</valUSD>
        <pctVal>0.023404420380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fortune Real Estate Investment</name>
        <lei>N/A</lei>
        <title>Fortune Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1O33912138"/>
          <ticker value="FRT"/>
          <other otherDesc="SEDOL" value="6677174"/>
        </identifiers>
        <balance>157800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>173367.83000000</valUSD>
        <pctVal>0.117471496817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FastPartner AB</name>
        <lei>549300BG6SL5QQ7LQW56</lei>
        <title>FastPartner AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0011309228"/>
          <ticker value="FPAR"/>
          <other otherDesc="SEDOL" value="BDRTSB7"/>
        </identifiers>
        <balance>7051.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>69241.92000000</valUSD>
        <pctVal>0.046917308620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Torunlar Gayrimenkul Yatirim O</name>
        <lei>N/A</lei>
        <title>Torunlar Gayrimenkul Yatirim Ortakligi AS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TRETRGY00018"/>
          <ticker value="TRGYO"/>
          <other otherDesc="SEDOL" value="B4WW142"/>
        </identifiers>
        <balance>25989.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="5.74350000"/>
        <valUSD>10633.61000000</valUSD>
        <pctVal>0.007205178049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Klovern AB</name>
        <lei>549300D4GJAZR1EMIA07</lei>
        <title>Klovern AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0006593919"/>
          <ticker value="KLOVB"/>
          <other otherDesc="SEDOL" value="BTJR9M9"/>
        </identifiers>
        <balance>63845.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>124459.78000000</valUSD>
        <pctVal>0.084332120037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HENDERSON LAND</name>
        <lei>529900SYQB7IVR9QGN76</lei>
        <title>Henderson Land Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0012000102"/>
          <ticker value="12"/>
          <other otherDesc="SEDOL" value="6420538"/>
        </identifiers>
        <balance>179271.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>862259.67000000</valUSD>
        <pctVal>0.584254495659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capitaland Malaysia Mall Trust</name>
        <lei>N/A</lei>
        <title>Capitaland Malaysia Mall Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5180TO003"/>
          <ticker value="CMMT"/>
          <other otherDesc="SEDOL" value="B3RZ1Q1"/>
        </identifiers>
        <balance>63600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>15837.18000000</valUSD>
        <pctVal>0.010731040700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VGP NV</name>
        <lei>315700NENYPIXFR94T49</lei>
        <title>VGP NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003878957"/>
          <ticker value="VGP"/>
          <other otherDesc="SEDOL" value="B29L881"/>
        </identifiers>
        <balance>1099.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>111239.42000000</valUSD>
        <pctVal>0.075374198157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Merlin Properties Socimi SA</name>
        <lei>959800L8KD863DP30X04</lei>
        <title>Merlin Properties Socimi SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0105025003"/>
          <ticker value="MRL"/>
          <other otherDesc="SEDOL" value="BNGNB77"/>
        </identifiers>
        <balance>49768.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>711718.89000000</valUSD>
        <pctVal>0.482250272853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Neinor Homes SA</name>
        <lei>959800FW4JL65YWSQ217</lei>
        <title>Neinor Homes SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0105251005"/>
          <ticker value="HOME"/>
          <other otherDesc="SEDOL" value="BD9BPN2"/>
        </identifiers>
        <balance>7605.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>96179.16000000</valUSD>
        <pctVal>0.065169587044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="746.16308679"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mirvac Group</name>
        <lei>N/A</lei>
        <title>Mirvac Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MGR9"/>
          <ticker value="MGR"/>
          <other otherDesc="SEDOL" value="6161978"/>
        </identifiers>
        <balance>535670.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>1221042.74000000</valUSD>
        <pctVal>0.827360637471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIPPON REIT Investment Corp</name>
        <lei>3538004O49OJ90PEXX85</lei>
        <title>NIPPON REIT Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047750009"/>
          <ticker value="3296"/>
          <other otherDesc="SEDOL" value="BLC7414"/>
        </identifiers>
        <balance>70.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>309697.74000000</valUSD>
        <pctVal>0.209846642706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tropicana Corp Bhd</name>
        <lei>N/A</lei>
        <title>Tropicana Corp Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5401OO004"/>
          <ticker value="TRCB"/>
          <other otherDesc="SEDOL" value="6474137"/>
        </identifiers>
        <balance>29561.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>6582.48000000</valUSD>
        <pctVal>0.004460191826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyu REIT Inc</name>
        <lei>N/A</lei>
        <title>Tokyu REIT Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3044510000"/>
          <ticker value="8957"/>
          <other otherDesc="SEDOL" value="6687203"/>
        </identifiers>
        <balance>120.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>229239.34000000</valUSD>
        <pctVal>0.155329211880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kerry Properties Ltd</name>
        <lei>5299006T5ULIIRZ7LK49</lei>
        <title>Kerry Properties Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG524401079"/>
          <ticker value="683"/>
          <other otherDesc="SEDOL" value="6486314"/>
        </identifiers>
        <balance>81806.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>263881.89000000</valUSD>
        <pctVal>0.178802495257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Olav Thon Eiendomsselskap ASA</name>
        <lei>5967007LIEEXZXGOW838</lei>
        <title>Olav Thon Eiendomsselskap ASA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0005638858"/>
          <ticker value="OLT"/>
          <other otherDesc="SEDOL" value="4657628"/>
        </identifiers>
        <balance>4205.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.20960000"/>
        <valUSD>71867.07000000</valUSD>
        <pctVal>0.048696071726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frasers Property Ltd</name>
        <lei>254900IDI7TIHU0J2Q58</lei>
        <title>Frasers Property Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2G52000004"/>
          <ticker value="FPL"/>
          <other otherDesc="SEDOL" value="BH7T0P3"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>62890.78000000</valUSD>
        <pctVal>0.042613869381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HKR International Ltd</name>
        <lei>2549008D4GKSRL4VE775</lei>
        <title>HKR International Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4520J1040"/>
          <ticker value="480"/>
          <other otherDesc="SEDOL" value="6159672"/>
        </identifiers>
        <balance>69589.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>29159.33000000</valUSD>
        <pctVal>0.019757933990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ascendas India Trust</name>
        <lei>N/A</lei>
        <title>Ascendas India Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1V35936920"/>
          <ticker value="AIT"/>
          <other otherDesc="SEDOL" value="B23DMQ9"/>
        </identifiers>
        <balance>100900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>114369.81000000</valUSD>
        <pctVal>0.077495304471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Altarea SCA</name>
        <lei>969500ICGCY1PD6OT783</lei>
        <title>Altarea SCA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000033219"/>
          <ticker value="ALTA"/>
          <other otherDesc="SEDOL" value="4821638"/>
        </identifiers>
        <balance>483.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>104274.51000000</valUSD>
        <pctVal>0.070654877376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atrium European Real Estate Lt</name>
        <lei>213800OJ67K27RCO2J56</lei>
        <title>Atrium European Real Estate Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JE00B3DCF752"/>
          <ticker value="ATRS"/>
          <other otherDesc="SEDOL" value="B3DCF75"/>
        </identifiers>
        <balance>18700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>73402.35000000</valUSD>
        <pctVal>0.049736354919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Villar International Ltd</name>
        <lei>N/A</lei>
        <title>Villar International Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0004160169"/>
          <ticker value="VILR"/>
          <other otherDesc="SEDOL" value="6928797"/>
        </identifiers>
        <balance>600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>22512.32000000</valUSD>
        <pctVal>0.015254017583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bayside Land Corp</name>
        <lei>N/A</lei>
        <title>Bayside Land Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0007590198"/>
          <ticker value="BYSD"/>
          <other otherDesc="SEDOL" value="6089724"/>
        </identifiers>
        <balance>135.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>93874.82000000</valUSD>
        <pctVal>0.063608200084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Medinet Nasr Housing</name>
        <lei>N/A</lei>
        <title>Medinet Nasr Housing</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EGS65571C019"/>
          <ticker value="MNHD"/>
          <other otherDesc="SEDOL" value="6311881"/>
        </identifiers>
        <balance>84801.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="16.12000000"/>
        <valUSD>25408.74000000</valUSD>
        <pctVal>0.017216589260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Godrej Properties Ltd</name>
        <lei>335800KM3Y5NZWXOE183</lei>
        <title>Godrej Properties Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE484J01027"/>
          <ticker value="GPL"/>
          <other otherDesc="SEDOL" value="BGQL729"/>
        </identifiers>
        <balance>15257.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="71.73750000"/>
        <valUSD>193281.92000000</valUSD>
        <pctVal>0.130964991891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ayala Land Inc</name>
        <lei>254900EWT10TQ6DKTV34</lei>
        <title>Ayala Land Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY0488F1004"/>
          <ticker value="ALI"/>
          <other otherDesc="SEDOL" value="6055112"/>
        </identifiers>
        <balance>1061396.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.81500000"/>
        <valUSD>950379.18000000</valUSD>
        <pctVal>0.643962982167</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MCUBS MidCity Investment Corp</name>
        <lei>353800WZPKHG2SQS1P32</lei>
        <title>MCUBS MidCity Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046450007"/>
          <ticker value="3227"/>
          <other otherDesc="SEDOL" value="B19PR78"/>
        </identifiers>
        <balance>210.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>226855.99000000</valUSD>
        <pctVal>0.153714288904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kungsleden AB</name>
        <lei>5493005OXRTBK0WSJN46</lei>
        <title>Kungsleden AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000549412"/>
          <ticker value="KLED"/>
          <other otherDesc="SEDOL" value="B12W4C0"/>
        </identifiers>
        <balance>24677.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>236273.67000000</valUSD>
        <pctVal>0.160095570634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAG Immobilien AG</name>
        <lei>529900TAE68USJNXLR59</lei>
        <title>TAG Immobilien AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0008303504"/>
          <ticker value="TEG"/>
          <other otherDesc="SEDOL" value="5735631"/>
        </identifiers>
        <balance>20180.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>485950.60000000</valUSD>
        <pctVal>0.329272993503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cofinimmo SA</name>
        <lei>549300TM914CSF6KI389</lei>
        <title>Cofinimmo SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003593044"/>
          <ticker value="COFB"/>
          <other otherDesc="SEDOL" value="4177988"/>
        </identifiers>
        <balance>3459.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>511824.90000000</valUSD>
        <pctVal>0.346805039386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sino Land Co Ltd</name>
        <lei>529900G5P51053HJVZ92</lei>
        <title>Sino Land Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0083000502"/>
          <ticker value="83"/>
          <other otherDesc="SEDOL" value="6810429"/>
        </identifiers>
        <balance>432662.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>648903.18000000</valUSD>
        <pctVal>0.439687269802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aroundtown SA</name>
        <lei>529900H4DWG3KWMBMQ39</lei>
        <title>Aroundtown SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU1673108939"/>
          <ticker value="AT1"/>
          <other otherDesc="SEDOL" value="BF0CK44"/>
        </identifiers>
        <balance>120617.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>1048246.16000000</valUSD>
        <pctVal>0.710276211269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK D&amp;D Co Ltd</name>
        <lei>988400MVYDOY6OP6CO22</lei>
        <title>SK D&amp;D Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7210980009"/>
          <ticker value="210980"/>
          <other otherDesc="SEDOL" value="BZ0CSR3"/>
        </identifiers>
        <balance>990.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1181.15000000"/>
        <valUSD>24767.81000000</valUSD>
        <pctVal>0.016782304500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Central Pattana PCL</name>
        <lei>N/A</lei>
        <title>Central Pattana PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0481010R10"/>
          <ticker value="CPN-R"/>
          <other otherDesc="SEDOL" value="B013L15"/>
        </identifiers>
        <balance>448700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>924350.96000000</valUSD>
        <pctVal>0.626326642352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Granite Real Estate Investment</name>
        <lei>N/A</lei>
        <title>Granite Real Estate Investment Trust</title>
        <cusip>387437114</cusip>
        <identifiers>
          <isin value="CA3874371147"/>
          <ticker value="GRP/U"/>
        </identifiers>
        <balance>6585.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>342156.60000000</valUSD>
        <pctVal>0.231840289793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Azrieli Group Ltd</name>
        <lei>N/A</lei>
        <title>Azrieli Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0011194789"/>
          <ticker value="AZRG"/>
          <other otherDesc="SEDOL" value="B5MN1W0"/>
        </identifiers>
        <balance>4948.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>386560.27000000</valUSD>
        <pctVal>0.261927564802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daibiru Corp</name>
        <lei>N/A</lei>
        <title>Daibiru Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3497200000"/>
          <ticker value="8806"/>
          <other otherDesc="SEDOL" value="6661672"/>
        </identifiers>
        <balance>8500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>90425.53000000</valUSD>
        <pctVal>0.061271011811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIFULL Co Ltd</name>
        <lei>N/A</lei>
        <title>LIFULL Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3758140002"/>
          <ticker value="2120"/>
          <other otherDesc="SEDOL" value="B1FM483"/>
        </identifiers>
        <balance>10000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>54424.25000000</valUSD>
        <pctVal>0.036877072930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="48981.82814614"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sagax AB</name>
        <lei>549300LJX28T6OM8DT95</lei>
        <title>Sagax AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0009161052"/>
          <ticker value="SAGAD"/>
          <other otherDesc="SEDOL" value="BDQZF59"/>
        </identifiers>
        <balance>13334.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>48894.28000000</valUSD>
        <pctVal>0.033130046430</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Stockland</name>
        <lei>N/A</lei>
        <title>Stockland</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SGP0"/>
          <ticker value="SGP"/>
          <other otherDesc="SEDOL" value="6850856"/>
        </identifiers>
        <balance>321779.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>1099139.25000000</valUSD>
        <pctVal>0.744760622015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goodman Property Trust</name>
        <lei>N/A</lei>
        <title>Goodman Property Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZCPTE0001S9"/>
          <ticker value="GMT"/>
          <other otherDesc="SEDOL" value="6299192"/>
        </identifiers>
        <balance>143394.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.55787450"/>
        <valUSD>196515.31000000</valUSD>
        <pctVal>0.133155889493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fastighets AB Balder</name>
        <lei>549300GHKJCEZOAEUU82</lei>
        <title>Fastighets AB Balder</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000455057"/>
          <ticker value="BALDB"/>
          <other otherDesc="SEDOL" value="B0LC9F2"/>
        </identifiers>
        <balance>13226.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>551304.98000000</valUSD>
        <pctVal>0.373556162083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Korea Real Estate Investment &amp;</name>
        <lei>N/A</lei>
        <title>Korea Real Estate Investment &amp; Trust Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7034830000"/>
          <ticker value="034830"/>
          <other otherDesc="SEDOL" value="6354488"/>
        </identifiers>
        <balance>19281.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1181.15000000"/>
        <valUSD>35178.05000000</valUSD>
        <pctVal>0.023836130316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHOICE PROPERTIES REIT</name>
        <lei>N/A</lei>
        <title>CHOICE PROPERTIES REIT</title>
        <cusip>17039A106</cusip>
        <identifiers>
          <isin value="CA17039A1066"/>
          <ticker value="CHP-U"/>
          <other otherDesc="SEDOL" value="BBX46Q3"/>
        </identifiers>
        <balance>32056.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>331359.97000000</valUSD>
        <pctVal>0.224524651784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Parque Arauco SA</name>
        <lei>N/A</lei>
        <title>Parque Arauco SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CLP763281068"/>
          <ticker value="PARAUCO"/>
          <other otherDesc="SEDOL" value="2684349"/>
        </identifiers>
        <balance>91679.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="806.92000000"/>
        <valUSD>195987.55000000</valUSD>
        <pctVal>0.132798287064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wharf Real Estate Investment C</name>
        <lei>529900QLPKS8U9QOPB59</lei>
        <title>Wharf Real Estate Investment Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9593A1040"/>
          <ticker value="1997"/>
          <other otherDesc="SEDOL" value="BF0GWS4"/>
        </identifiers>
        <balance>154916.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>859902.30000000</valUSD>
        <pctVal>0.582657176350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frasers Logistics &amp; Industrial</name>
        <lei>N/A</lei>
        <title>Frasers Logistics &amp; Industrial Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1CI9000006"/>
          <ticker value="FLT"/>
          <other otherDesc="SEDOL" value="BYYFHZ2"/>
        </identifiers>
        <balance>219147.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>198721.91000000</valUSD>
        <pctVal>0.134651049264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Regal Real Estate Investment T</name>
        <lei>N/A</lei>
        <title>Regal Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK1881037571"/>
          <ticker value="1881"/>
          <other otherDesc="SEDOL" value="B1VMDH9"/>
        </identifiers>
        <balance>82015.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>19697.64000000</valUSD>
        <pctVal>0.013346831730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Real Estate Investment C</name>
        <lei>3538003YAIR3CBGJJ928</lei>
        <title>Japan Real Estate Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3027680002"/>
          <ticker value="8952"/>
          <other otherDesc="SEDOL" value="6397580"/>
        </identifiers>
        <balance>190.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>1292576.02000000</valUSD>
        <pctVal>0.875830537994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aedifica SA</name>
        <lei>529900DTKNXL0AXQFN28</lei>
        <title>Aedifica SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003851681"/>
          <ticker value="AED"/>
          <other otherDesc="SEDOL" value="B1G5XP1"/>
        </identifiers>
        <balance>3402.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>416366.35000000</valUSD>
        <pctVal>0.282123727100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LPN Development PCL</name>
        <lei>N/A</lei>
        <title>LPN Development PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0456010R12"/>
          <ticker value="LPN-R"/>
          <other otherDesc="SEDOL" value="B00PXK5"/>
        </identifiers>
        <balance>189900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>28908.41000000</valUSD>
        <pctVal>0.019587914282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amot Investments Ltd</name>
        <lei>N/A</lei>
        <title>Amot Investments Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0010972789"/>
          <ticker value="AMOT"/>
          <other otherDesc="SEDOL" value="B18MCB9"/>
        </identifiers>
        <balance>22052.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>163065.71000000</valUSD>
        <pctVal>0.110490931525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mapletree Logistics Trust</name>
        <lei>549300M9EBZIYH387075</lei>
        <title>Mapletree Logistics Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1S03926213"/>
          <ticker value="MLT"/>
          <other otherDesc="SEDOL" value="B0D6P43"/>
        </identifiers>
        <balance>338200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>417973.60000000</valUSD>
        <pctVal>0.283212776108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyprop Investments Ltd</name>
        <lei>N/A</lei>
        <title>Hyprop Investments Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000190724"/>
          <ticker value="HYP"/>
          <other otherDesc="SEDOL" value="BN8SXL8"/>
        </identifiers>
        <balance>32072.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65300000"/>
        <valUSD>129005.92000000</valUSD>
        <pctVal>0.087412517770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ichigo Office REIT Investment</name>
        <lei>N/A</lei>
        <title>Ichigo Office REIT Investment</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046300004"/>
          <ticker value="8975"/>
          <other otherDesc="SEDOL" value="B0LNCF6"/>
        </identifiers>
        <balance>200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>211487.54000000</valUSD>
        <pctVal>0.143300852770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Premier Investment Corp</name>
        <lei>N/A</lei>
        <title>Premier Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3041770003"/>
          <ticker value="8956"/>
          <other otherDesc="SEDOL" value="6543800"/>
        </identifiers>
        <balance>186.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>277530.82000000</valUSD>
        <pctVal>0.188050809878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fubon No 1 REIT</name>
        <lei>N/A</lei>
        <title>Fubon No 1 REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW00001001T8"/>
          <ticker value="01001T"/>
          <other otherDesc="SEDOL" value="B06JQ68"/>
        </identifiers>
        <balance>53595.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>28562.45000000</valUSD>
        <pctVal>0.019353496864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New World Development Co Ltd</name>
        <lei>2549008GWMWXTIRL4S48</lei>
        <title>New World Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0017000149"/>
          <ticker value="17"/>
          <other otherDesc="SEDOL" value="6633767"/>
        </identifiers>
        <balance>770046.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>1005380.87000000</valUSD>
        <pctVal>0.681231319966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aventus Group</name>
        <lei>N/A</lei>
        <title>Aventus Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000AVN2"/>
          <ticker value="AVN"/>
          <other otherDesc="SEDOL" value="BYMTNB4"/>
        </identifiers>
        <balance>54614.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>104542.78000000</valUSD>
        <pctVal>0.070836653190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AP Thailand PCL</name>
        <lei>N/A</lei>
        <title>AP Thailand PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0308010R15"/>
          <ticker value="AP-R"/>
          <other otherDesc="SEDOL" value="6612670"/>
        </identifiers>
        <balance>320500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>72654.09000000</valUSD>
        <pctVal>0.049229344926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dream Global Real Estate Inves</name>
        <lei>549300B5ZRQ7QDUOWK16</lei>
        <title>Dream Global Real Estate Investment Trust</title>
        <cusip>26154A106</cusip>
        <identifiers>
          <isin value="CA26154A1066"/>
          <ticker value="DRG-U"/>
          <other otherDesc="SEDOL" value="BMJ71D5"/>
        </identifiers>
        <balance>23827.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>301010.40000000</valUSD>
        <pctVal>0.203960228640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUDONG JINQIAO</name>
        <lei>N/A</lei>
        <title>Shanghai Jinqiao Export Processing Zone Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000941"/>
          <ticker value="900911"/>
          <other otherDesc="SEDOL" value="6800839"/>
        </identifiers>
        <balance>30232.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26301.84000000</valUSD>
        <pctVal>0.017821740710</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ayana Land International PT</name>
        <lei>N/A</lei>
        <title>Ayana Land International PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000140205"/>
          <ticker value="NASA"/>
          <other otherDesc="SEDOL" value="BF0KMJ7"/>
        </identifiers>
        <balance>623131.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14105.00000000"/>
        <valUSD>28936.60000000</valUSD>
        <pctVal>0.019607015412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>K. WAH INT'L</name>
        <lei>529900ZOP51K5LHLPK04</lei>
        <title>K Wah International Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG5321P1169"/>
          <ticker value="173"/>
          <other otherDesc="SEDOL" value="6480082"/>
        </identifiers>
        <balance>146610.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>80349.64000000</valUSD>
        <pctVal>0.054443736646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Blue Square Real Estate Ltd</name>
        <lei>N/A</lei>
        <title>Blue Square Real Estate Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0010985658"/>
          <ticker value="BLSR"/>
          <other otherDesc="SEDOL" value="B1NV2H7"/>
        </identifiers>
        <balance>700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>37621.39000000</valUSD>
        <pctVal>0.025491701636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KEE TAI Properties Co Ltd</name>
        <lei>N/A</lei>
        <title>KEE TAI Properties Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002538006"/>
          <ticker value="2538"/>
          <other otherDesc="SEDOL" value="6485292"/>
        </identifiers>
        <balance>33046.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>13647.09000000</valUSD>
        <pctVal>0.009247067864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JM AB</name>
        <lei>529900X0UEM9DOM6FK12</lei>
        <title>JM AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000806994"/>
          <ticker value="JM"/>
          <other otherDesc="SEDOL" value="B142FZ8"/>
        </identifiers>
        <balance>7515.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>205693.60000000</valUSD>
        <pctVal>0.139374964073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Global One Real Estate Investm</name>
        <lei>N/A</lei>
        <title>Global One Real Estate Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3044520009"/>
          <ticker value="8958"/>
          <other otherDesc="SEDOL" value="6693608"/>
        </identifiers>
        <balance>123.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>163648.07000000</valUSD>
        <pctVal>0.110885530113</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Land Development Corp</name>
        <lei>N/A</lei>
        <title>Taiwan Land Development Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002841004"/>
          <ticker value="2841"/>
          <other otherDesc="SEDOL" value="6141088"/>
        </identifiers>
        <balance>79569.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>22636.76000000</valUSD>
        <pctVal>0.015338336300</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S IMMO AG</name>
        <lei>5299001QKV44IT3WPL26</lei>
        <title>S IMMO AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000652250"/>
          <ticker value="SPI"/>
          <other otherDesc="SEDOL" value="7390801"/>
        </identifiers>
        <balance>5789.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>145531.41000000</valUSD>
        <pctVal>0.098609947224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hankyu Hanshin REIT Inc</name>
        <lei>N/A</lei>
        <title>Hankyu Hanshin REIT Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046320002"/>
          <ticker value="8977"/>
          <other otherDesc="SEDOL" value="B0LLJ37"/>
        </identifiers>
        <balance>100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>157611.18000000</valUSD>
        <pctVal>0.106795022062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Heba Fastighets AB</name>
        <lei>549300B1UZTBDU27UJ88</lei>
        <title>Heba Fastighets AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0012676336"/>
          <ticker value="HEBAB"/>
          <other otherDesc="SEDOL" value="BKC5W51"/>
        </identifiers>
        <balance>5043.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>42990.22000000</valUSD>
        <pctVal>0.029129542037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CK Asset Holdings Ltd</name>
        <lei>5299006GJZSGP78B8S35</lei>
        <title>CK Asset Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2177B1014"/>
          <ticker value="1113"/>
          <other otherDesc="SEDOL" value="BYZQ077"/>
        </identifiers>
        <balance>355188.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>2361794.31000000</valUSD>
        <pctVal>1.600317156710</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Realty &amp; Development</name>
        <lei>N/A</lei>
        <title>Sumitomo Realty &amp; Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3409000001"/>
          <ticker value="8830"/>
          <other otherDesc="SEDOL" value="6858902"/>
        </identifiers>
        <balance>64100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>2232466.44000000</valUSD>
        <pctVal>1.512686490346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsui Fudosan Logistics Park</name>
        <lei>353800DN63EIYS760S59</lei>
        <title>Mitsui Fudosan Logistics Park Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3048300002"/>
          <ticker value="3471"/>
          <other otherDesc="SEDOL" value="BYZWTW3"/>
        </identifiers>
        <balance>37.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>164035.25000000</valUSD>
        <pctVal>0.111147877598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sunway Bhd</name>
        <lei>N/A</lei>
        <title>Sunway Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5211OO007"/>
          <ticker value="SWB"/>
          <other otherDesc="SEDOL" value="B6VGS93"/>
        </identifiers>
        <balance>248061.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>104534.27000000</valUSD>
        <pctVal>0.070830886939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kuoyang Construction Co Ltd</name>
        <lei>N/A</lei>
        <title>Kuoyang Construction Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002505005"/>
          <ticker value="2505"/>
          <other otherDesc="SEDOL" value="6497800"/>
        </identifiers>
        <balance>58046.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>28252.01000000</valUSD>
        <pctVal>0.019143147277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Precinct Properties New Zealan</name>
        <lei>N/A</lei>
        <title>Precinct Properties New Zealand Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZAPTE0001S3"/>
          <ticker value="PCT"/>
          <other otherDesc="SEDOL" value="6093275"/>
        </identifiers>
        <balance>138571.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.55787450"/>
        <valUSD>161442.00000000</valUSD>
        <pctVal>0.109390729463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yeni Gimat Gayrimenkul Ortakli</name>
        <lei>N/A</lei>
        <title>Yeni Gimat Gayrimenkul Ortakligi AS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TREYGMI00012"/>
          <ticker value="YGGYO"/>
          <other otherDesc="SEDOL" value="BD3CV33"/>
        </identifiers>
        <balance>18157.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="5.74350000"/>
        <valUSD>39168.67000000</valUSD>
        <pctVal>0.026540115852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gecina SA</name>
        <lei>9695003E4MMA10IBTR26</lei>
        <title>Gecina SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0010040865"/>
          <ticker value="GFC"/>
          <other otherDesc="SEDOL" value="7742468"/>
        </identifiers>
        <balance>6467.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>1118065.51000000</valUSD>
        <pctVal>0.757584777981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Poly Property Group Co Ltd</name>
        <lei>N/A</lei>
        <title>Poly Property Group Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0119000674"/>
          <ticker value="119"/>
          <other otherDesc="SEDOL" value="6220987"/>
        </identifiers>
        <balance>258340.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>92408.67000000</valUSD>
        <pctVal>0.062614758365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PROPERTY PERFECT R RTS</name>
        <lei>N/A</lei>
        <title>PROPERTY PERFECT R RTS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="RT6362425"/>
        </identifiers>
        <balance>118087.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frasers Property Thailand PCL</name>
        <lei>N/A</lei>
        <title>Frasers Property Thailand PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0675010R17"/>
          <ticker value="FPT-R"/>
          <other otherDesc="SEDOL" value="6703938"/>
        </identifiers>
        <balance>39900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>19938.45000000</valUSD>
        <pctVal>0.013510001052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eastern &amp; Oriental Bhd</name>
        <lei>N/A</lei>
        <title>Eastern &amp; Oriental Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL3417OO002"/>
          <ticker value="EAST"/>
          <other otherDesc="SEDOL" value="6468754"/>
        </identifiers>
        <balance>98800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>13247.46000000</valUSD>
        <pctVal>0.008976284442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA OVS PPT</name>
        <lei>N/A</lei>
        <title>China Overseas Property Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2118M1096"/>
          <ticker value="2669"/>
          <other otherDesc="SEDOL" value="BYYMZN7"/>
        </identifiers>
        <balance>176955.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>108961.46000000</valUSD>
        <pctVal>0.073830685898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Filinvest Land Inc</name>
        <lei>N/A</lei>
        <title>Filinvest Land Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY249161019"/>
          <ticker value="FLI"/>
          <other otherDesc="SEDOL" value="6341446"/>
        </identifiers>
        <balance>1119000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.81500000"/>
        <valUSD>33912.43000000</valUSD>
        <pctVal>0.022978564782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ashtrom Properties Ltd</name>
        <lei>N/A</lei>
        <title>Ashtrom Properties Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0002510175"/>
          <ticker value="ASPR"/>
          <other otherDesc="SEDOL" value="6053945"/>
        </identifiers>
        <balance>5651.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>35728.92000000</valUSD>
        <pctVal>0.024209391742</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Safestore Holdings PLC</name>
        <lei>213800WGA3YSJC1YOH73</lei>
        <title>Safestore Holdings PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B1N7Z094"/>
          <ticker value="SAFE"/>
          <other otherDesc="SEDOL" value="B1N7Z09"/>
        </identifiers>
        <balance>29098.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>284545.54000000</valUSD>
        <pctVal>0.192803881184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EL KANIT</name>
        <lei>N/A</lei>
        <title>Alrov Properties and Lodgings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0003870198"/>
          <ticker value="ALRPR"/>
          <other otherDesc="SEDOL" value="6308009"/>
        </identifiers>
        <balance>756.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>33659.55000000</valUSD>
        <pctVal>0.022807217006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DWS Government Money Market Series</name>
        <lei>N/A</lei>
        <title>DWS Government Money Market Series</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="US25160K2078"/>
          <ticker value="ICAXX"/>
          <other otherDesc="Internal" value="9A3CUKP"/>
        </identifiers>
        <balance>147430.23000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>147430.23000000</valUSD>
        <pctVal>0.099896559784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shurgard Self Storage SA</name>
        <lei>549300J0UEIKU81XO336</lei>
        <title>Shurgard Self Storage SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU1883301340"/>
          <ticker value="SHUR"/>
          <other otherDesc="SEDOL" value="BGT2VM7"/>
        </identifiers>
        <balance>3505.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>130044.33000000</valUSD>
        <pctVal>0.088116129144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Talaat Moustafa Group</name>
        <lei>N/A</lei>
        <title>Talaat Moustafa Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EGS691S1C011"/>
          <ticker value="TMGH"/>
          <other otherDesc="SEDOL" value="B2989Q7"/>
        </identifiers>
        <balance>113833.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="16.12000000"/>
        <valUSD>62353.93000000</valUSD>
        <pctVal>0.042250107701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Echo Investment SA</name>
        <lei>259400LHRL5AUI6F1F70</lei>
        <title>Echo Investment SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PLECHPS00019"/>
          <ticker value="ECH"/>
          <other otherDesc="SEDOL" value="B19HLL6"/>
        </identifiers>
        <balance>25535.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.91105000"/>
        <valUSD>30816.58000000</valUSD>
        <pctVal>0.020880862264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Keppel DC REIT</name>
        <lei>N/A</lei>
        <title>Keppel DC REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1AF6000009"/>
          <ticker value="KDCREIT"/>
          <other otherDesc="SEDOL" value="BT9Q186"/>
        </identifiers>
        <balance>162955.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>238334.13000000</valUSD>
        <pctVal>0.161491708085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hamborner REIT AG</name>
        <lei>529900EJTD8IR1GN0P96</lei>
        <title>Hamborner REIT AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0006013006"/>
          <ticker value="HAB"/>
          <other otherDesc="SEDOL" value="5735642"/>
        </identifiers>
        <balance>9989.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>105182.55000000</valUSD>
        <pctVal>0.071270151951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Relo Group Inc</name>
        <lei>353800T595XRZDA8IB59</lei>
        <title>Relo Group Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3755200007"/>
          <ticker value="8876"/>
          <other otherDesc="SEDOL" value="6173906"/>
        </identifiers>
        <balance>16900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>447076.07000000</valUSD>
        <pctVal>0.302932182598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EMPEROR INT'L</name>
        <lei>3003002GET5X9UP2V860</lei>
        <title>Emperor International Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG3036C2239"/>
          <ticker value="163"/>
          <other otherDesc="SEDOL" value="B05GWV7"/>
        </identifiers>
        <balance>68889.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>16633.16000000</valUSD>
        <pctVal>0.011270385065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goodman Group</name>
        <lei>N/A</lei>
        <title>Goodman Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000GMG2"/>
          <ticker value="GMG"/>
          <other otherDesc="SEDOL" value="B03FYZ4"/>
        </identifiers>
        <balance>222785.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>2233252.30000000</valUSD>
        <pctVal>1.513218977546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Immobiliare Grande Distribuzio</name>
        <lei>815600CF8C0389D0E272</lei>
        <title>Immobiliare Grande Distribuzione SIIQ SpA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005322612"/>
          <ticker value="IGD"/>
          <other otherDesc="SEDOL" value="BF0VLX7"/>
        </identifiers>
        <balance>7193.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>51075.69000000</valUSD>
        <pctVal>0.034608137826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KLCCP Stapled Group</name>
        <lei>N/A</lei>
        <title>KLCCP Stapled Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5235SS008"/>
          <ticker value="KLCCSS"/>
          <other otherDesc="SEDOL" value="B92NSW7"/>
        </identifiers>
        <balance>30100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>57655.93000000</valUSD>
        <pctVal>0.039066811861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grand Canal Land PCL</name>
        <lei>N/A</lei>
        <title>Grand Canal Land PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0538010R17"/>
          <ticker value="GLAND-R"/>
          <other otherDesc="SEDOL" value="6361745"/>
        </identifiers>
        <balance>228900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>18028.69000000</valUSD>
        <pctVal>0.012215975708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Colliers International Group I</name>
        <lei>D3O8K13PHLEXXD1DT480</lei>
        <title>Colliers International Group Inc</title>
        <cusip>194693107</cusip>
        <identifiers>
          <isin value="CA1946931070"/>
          <ticker value="CIGI"/>
          <other otherDesc="SEDOL" value="BYL7SB4"/>
        </identifiers>
        <balance>5160.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>373485.71000000</valUSD>
        <pctVal>0.253068434862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Office J-Reit Inc</name>
        <lei>353800L26AROSFHOI265</lei>
        <title>Invesco Office J-Reit Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047760008"/>
          <ticker value="3298"/>
          <other otherDesc="SEDOL" value="BMBL9L9"/>
        </identifiers>
        <balance>1177.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>228607.34000000</valUSD>
        <pctVal>0.154900977956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hibernia REIT plc</name>
        <lei>635400MHRA4QVVFTON18</lei>
        <title>Hibernia REIT plc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE00BGHQ1986"/>
          <ticker value="HBRN"/>
          <other otherDesc="SEDOL" value="BGHQ198"/>
        </identifiers>
        <balance>98218.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>157894.47000000</valUSD>
        <pctVal>0.106986975208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Quality Houses PCL</name>
        <lei>N/A</lei>
        <title>Quality Houses PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0256010R16"/>
          <ticker value="QH-R"/>
          <other otherDesc="SEDOL" value="B00PN27"/>
        </identifiers>
        <balance>1114000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>98801.03000000</valUSD>
        <pctVal>0.066946127670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Safety Godown Co Ltd</name>
        <lei>N/A</lei>
        <title>Safety Godown Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0237001216"/>
          <ticker value="237"/>
          <other otherDesc="SEDOL" value="6767097"/>
        </identifiers>
        <balance>7356.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>11652.70000000</valUSD>
        <pctVal>0.007895698475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nyfosa AB</name>
        <lei>5493000YR2B83SILCJ50</lei>
        <title>Nyfosa AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0011426428"/>
          <ticker value="NYF"/>
          <other otherDesc="SEDOL" value="BFD2NK8"/>
        </identifiers>
        <balance>23627.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>178458.56000000</valUSD>
        <pctVal>0.120920900740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IMMOFINANZ AG</name>
        <lei>5299000DUMZ99SBBX121</lei>
        <title>IMMOFINANZ AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000A21KS2"/>
          <ticker value="IIA"/>
          <other otherDesc="SEDOL" value="BFZ5BQ7"/>
        </identifiers>
        <balance>12632.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>341933.73000000</valUSD>
        <pctVal>0.231689276352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lar Espana Real Estate Socimi</name>
        <lei>9598002PHMH00MHN3741</lei>
        <title>Lar Espana Real Estate Socimi SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0105015012"/>
          <ticker value="LRE"/>
          <other otherDesc="SEDOL" value="BKJ95B3"/>
        </identifiers>
        <balance>11734.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>101950.80000000</valUSD>
        <pctVal>0.069080365588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IOI Properties Group Bhd</name>
        <lei>N/A</lei>
        <title>IOI Properties Group Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5249OO007"/>
          <ticker value="IOIPG"/>
          <other otherDesc="SEDOL" value="BH7JFJ2"/>
        </identifiers>
        <balance>209625.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>57720.28000000</valUSD>
        <pctVal>0.039110414477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PARAMOUNT CORP BHD</name>
        <lei>N/A</lei>
        <title>PARAMOUNT CORP BHD -CW99</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL1724WAY77"/>
          <ticker value="1724WA"/>
          <other otherDesc="SEDOL" value="BJT99Z8"/>
        </identifiers>
        <balance>7840.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>319.12000000</valUSD>
        <pctVal>0.000216231027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>H&amp;R Real Estate Investment Tru</name>
        <lei>549300TGNP6B6GUVGW10</lei>
        <title>H&amp;R Real Estate Investment Trust</title>
        <cusip>403925407</cusip>
        <identifiers>
          <isin value="CA4039254079"/>
          <ticker value="HR-U"/>
          <other otherDesc="SEDOL" value="BGM8DW6"/>
        </identifiers>
        <balance>38746.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>629503.99000000</valUSD>
        <pctVal>0.426542663410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FE CONSORT INTL</name>
        <lei>54930031259IQB0EH527</lei>
        <title>Far East Consortium International Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3307Z1090"/>
          <ticker value="35"/>
          <other otherDesc="SEDOL" value="6331555"/>
        </identifiers>
        <balance>128272.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>59484.19000000</valUSD>
        <pctVal>0.040305614001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Klovern AB</name>
        <lei>549300D4GJAZR1EMIA07</lei>
        <title>Klovern AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0006593927"/>
          <ticker value="KLOVPRE"/>
          <other otherDesc="SEDOL" value="BTJR9T6"/>
        </identifiers>
        <balance>2299.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>87664.21000000</valUSD>
        <pctVal>0.059399981911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jaya Real Property Tbk PT</name>
        <lei>N/A</lei>
        <title>Jaya Real Property Tbk PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000128903"/>
          <ticker value="JRPT"/>
          <other otherDesc="SEDOL" value="BCKF8Y8"/>
        </identifiers>
        <balance>443678.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14105.00000000"/>
        <valUSD>17300.45000000</valUSD>
        <pctVal>0.011722530974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Takara Leben Co Ltd</name>
        <lei>N/A</lei>
        <title>Takara Leben Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3460800000"/>
          <ticker value="8897"/>
          <other otherDesc="SEDOL" value="6416355"/>
        </identifiers>
        <balance>11300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>50148.84000000</valUSD>
        <pctVal>0.033980117871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Charter Hall Retail REIT</name>
        <lei>N/A</lei>
        <title>Charter Hall Retail REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CQR9"/>
          <ticker value="CQR"/>
          <other otherDesc="SEDOL" value="6225595"/>
        </identifiers>
        <balance>48769.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>151741.83000000</valUSD>
        <pctVal>0.102818036656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Excellent Inc</name>
        <lei>N/A</lei>
        <title>Japan Excellent Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046420000"/>
          <ticker value="8987"/>
          <other otherDesc="SEDOL" value="B15T1R2"/>
        </identifiers>
        <balance>174.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>293945.76000000</valUSD>
        <pctVal>0.199173332274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLOUR LIFE</name>
        <lei>549300SJU6HWU2QSU335</lei>
        <title>Colour Life Services Group Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG229151058"/>
          <ticker value="1778"/>
          <other otherDesc="SEDOL" value="BNG5KW1"/>
        </identifiers>
        <balance>41619.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>23128.31000000</valUSD>
        <pctVal>0.015671403365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wing Tai Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Wing Tai Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1K66001688"/>
          <ticker value="WINGT"/>
          <other otherDesc="SEDOL" value="6972385"/>
        </identifiers>
        <balance>66300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>95029.43000000</valUSD>
        <pctVal>0.064390546872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hang Lung Group Ltd</name>
        <lei>529900V2T2EPOQYH0981</lei>
        <title>Hang Lung Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0010000088"/>
          <ticker value="10"/>
          <other otherDesc="SEDOL" value="6408352"/>
        </identifiers>
        <balance>117707.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>284803.50000000</valUSD>
        <pctVal>0.192978671094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Farglory Land Development Co L</name>
        <lei>N/A</lei>
        <title>Farglory Land Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0005522007"/>
          <ticker value="5522"/>
          <other otherDesc="SEDOL" value="6203687"/>
        </identifiers>
        <balance>26524.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>33252.26000000</valUSD>
        <pctVal>0.022531243280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CROMBIE REAL ESTATE INVES</name>
        <lei>N/A</lei>
        <title>CROMBIE REAL ESTATE INVES</title>
        <cusip>227107109</cusip>
        <identifiers>
          <isin value="CA2271071094"/>
          <ticker value="CRR-U"/>
          <other otherDesc="SEDOL" value="B11YBV5"/>
        </identifiers>
        <balance>12155.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>145777.64000000</valUSD>
        <pctVal>0.098776789057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GDI Property Group</name>
        <lei>N/A</lei>
        <title>GDI Property Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000GDI7"/>
          <ticker value="GDI"/>
          <other otherDesc="SEDOL" value="BHB0NV9"/>
        </identifiers>
        <balance>71736.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>74966.85000000</valUSD>
        <pctVal>0.050796437154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daito Trust Cons</name>
        <lei>353800QQ4DRI3KXS3038</lei>
        <title>Daito Trust Construction Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3486800000"/>
          <ticker value="1878"/>
          <other otherDesc="SEDOL" value="6250508"/>
        </identifiers>
        <balance>9800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>1197817.55000000</valUSD>
        <pctVal>0.811623589640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TLG Immobilien AG</name>
        <lei>549300NYSIH10FPUO363</lei>
        <title>TLG Immobilien AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A12B8Z4"/>
          <ticker value="TLG"/>
          <other otherDesc="SEDOL" value="BR2Z8G3"/>
        </identifiers>
        <balance>8256.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>256706.65000000</valUSD>
        <pctVal>0.173940657955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Rental Housing Investmen</name>
        <lei>N/A</lei>
        <title>Japan Rental Housing Investments Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046410001"/>
          <ticker value="8986"/>
          <other otherDesc="SEDOL" value="B15T1S3"/>
        </identifiers>
        <balance>216.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>214402.34000000</valUSD>
        <pctVal>0.145275878465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICE FUTURES US INC</name>
        <lei>5493004R83R1LVX2IL36</lei>
        <title>MSCI EAFE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="MFSZ9"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG00M1CK643"/>
        </identifiers>
        <balance>5.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>14590.00000000</valUSD>
        <pctVal>0.009885969839</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE FUTURES US INC</counterpartyName>
              <counterpartyLei>5493004R83R1LVX2IL36</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MSCI</issuerName>
                <issueTitle>MSCI EAFE INDEX</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <ticker value="MXEA"/>
                  <other otherDesc="INTERNAL" value="MXEA_INDEX_US"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2019-12-20</expDate>
            <notionalAmt>479735</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>14590</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Urban Investment Corp</name>
        <lei>353800GYZWBD7BDCN841</lei>
        <title>United Urban Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3045540006"/>
          <ticker value="8960"/>
          <other otherDesc="SEDOL" value="6723839"/>
        </identifiers>
        <balance>410.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>797461.42000000</valUSD>
        <pctVal>0.540348152604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CapitaLand Commercial Trust</name>
        <lei>5493006N1HMMKB2HAT92</lei>
        <title>CapitaLand Commercial Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1P32918333"/>
          <ticker value="CCT"/>
          <other otherDesc="SEDOL" value="B011YD2"/>
        </identifiers>
        <balance>357720.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>525808.77000000</valUSD>
        <pctVal>0.356280304435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aedas Homes SAU</name>
        <lei>9598005H67MP8U20RW81</lei>
        <title>Aedas Homes SAU</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0105287009"/>
          <ticker value="AEDAS"/>
          <other otherDesc="SEDOL" value="BYP70L4"/>
        </identifiers>
        <balance>3198.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>72990.63000000</valUSD>
        <pctVal>0.049457379490</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Citycon Oyj</name>
        <lei>549300P8N0P6KDGTJ206</lei>
        <title>Citycon Oyj</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI4000369947"/>
          <ticker value="CTY1S"/>
          <other otherDesc="SEDOL" value="BHWV281"/>
        </identifiers>
        <balance>13227.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>138694.81000000</valUSD>
        <pctVal>0.093977567415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="106545.54596115"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nexity SA</name>
        <lei>969500JJ71T2DIPDVV84</lei>
        <title>Nexity SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0010112524"/>
          <ticker value="NXI"/>
          <other otherDesc="SEDOL" value="B037JC2"/>
        </identifiers>
        <balance>5609.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>282878.49000000</valUSD>
        <pctVal>0.191674312574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Highwealth Construction Corp</name>
        <lei>N/A</lei>
        <title>Highwealth Construction Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002542008"/>
          <ticker value="2542"/>
          <other otherDesc="SEDOL" value="6154075"/>
        </identifiers>
        <balance>134038.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>204502.35000000</valUSD>
        <pctVal>0.138567790559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Platzer Fastigheter Holding AB</name>
        <lei>5493009KPII4BZE70820</lei>
        <title>Platzer Fastigheter Holding AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0004977692"/>
          <ticker value="PLAZB"/>
          <other otherDesc="SEDOL" value="BH0WHG9"/>
        </identifiers>
        <balance>8507.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>96870.92000000</valUSD>
        <pctVal>0.065638313466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Matrix Concepts Holdings Bhd</name>
        <lei>N/A</lei>
        <title>Matrix Concepts Holdings Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5236OO004"/>
          <ticker value="MCH"/>
          <other otherDesc="SEDOL" value="BB2BGK9"/>
        </identifiers>
        <balance>58196.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>26335.55000000</valUSD>
        <pctVal>0.017844582111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Retail Fund Investment C</name>
        <lei>353800QDHNIP60E1LQ93</lei>
        <title>Japan Retail Fund Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3039710003"/>
          <ticker value="8953"/>
          <other otherDesc="SEDOL" value="6513342"/>
        </identifiers>
        <balance>366.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>833200.62000000</valUSD>
        <pctVal>0.564564509924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hang Lung Properties Ltd</name>
        <lei>529900CIVTNMXQT59E61</lei>
        <title>Hang Lung Properties Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0101000591"/>
          <ticker value="101"/>
          <other otherDesc="SEDOL" value="6030506"/>
        </identifiers>
        <balance>257764.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>528189.40000000</valUSD>
        <pctVal>0.357893384378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BR Malls Participacoes SA</name>
        <lei>N/A</lei>
        <title>BR Malls Participacoes SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRBRMLACNOR9"/>
          <ticker value="BRML3"/>
          <other otherDesc="SEDOL" value="B1RYG58"/>
        </identifiers>
        <balance>117327.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.22830000"/>
        <valUSD>432036.84000000</valUSD>
        <pctVal>0.292741821104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UK Commercial Property REIT Lt</name>
        <lei>213800JN4FQ1A9G8EU25</lei>
        <title>UK Commercial Property REIT Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B19Z2J52"/>
          <ticker value="UKCM"/>
          <other otherDesc="SEDOL" value="B19Z2J5"/>
        </identifiers>
        <balance>119385.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>135430.42000000</valUSD>
        <pctVal>0.091765664668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Savills PLC</name>
        <lei>213800WXICGMBWHTA933</lei>
        <title>Savills PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B135BJ46"/>
          <ticker value="SVS"/>
          <other otherDesc="SEDOL" value="B135BJ4"/>
        </identifiers>
        <balance>19175.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>245548.58000000</valUSD>
        <pctVal>0.166380113507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Covivio</name>
        <lei>969500P8M3W2XX376054</lei>
        <title>Covivio</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000064578"/>
          <ticker value="COV"/>
          <other otherDesc="SEDOL" value="7745638"/>
        </identifiers>
        <balance>7334.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>811882.07000000</valUSD>
        <pctVal>0.550119373370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GuocoLand Ltd</name>
        <lei>N/A</lei>
        <title>GuocoLand Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1R95002270"/>
          <ticker value="GUOL"/>
          <other otherDesc="SEDOL" value="6786735"/>
        </identifiers>
        <balance>40000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>59380.60000000</valUSD>
        <pctVal>0.040235422938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Care Property Invest NV</name>
        <lei>54930096UUTCOUCQDU64</lei>
        <title>Care Property Invest NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0974273055"/>
          <ticker value="CPINV"/>
          <other otherDesc="SEDOL" value="BKXNCS7"/>
        </identifiers>
        <balance>2660.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>87107.67000000</valUSD>
        <pctVal>0.059022878576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ascott Residence Trust</name>
        <lei>549300W6RTG7Y32IWY65</lei>
        <title>Ascott Residence Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T08929278"/>
          <ticker value="ART"/>
          <other otherDesc="SEDOL" value="B10SSL7"/>
        </identifiers>
        <balance>159200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>157168.45000000</valUSD>
        <pctVal>0.106495034713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Summit Real Estate Holdings Lt</name>
        <lei>254900R2MAR4ZEW3DO03</lei>
        <title>Summit Real Estate Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0010816861"/>
          <ticker value="SMT"/>
          <other otherDesc="SEDOL" value="6304977"/>
        </identifiers>
        <balance>5056.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>66206.92000000</valUSD>
        <pctVal>0.044860837169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LANDING INTL</name>
        <lei>N/A</lei>
        <title>Landing International Development Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG5369T1788"/>
          <ticker value="582"/>
          <other otherDesc="SEDOL" value="BFWY6S4"/>
        </identifiers>
        <balance>150499.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>14804.28000000</valUSD>
        <pctVal>0.010031162822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fortress REIT Ltd</name>
        <lei>N/A</lei>
        <title>Fortress REIT Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000248506"/>
          <ticker value="FFB"/>
          <other otherDesc="SEDOL" value="BD9FS68"/>
        </identifiers>
        <balance>135857.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65300000"/>
        <valUSD>74914.66000000</valUSD>
        <pctVal>0.050761073976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fibra Uno Administracion SA de</name>
        <lei>N/A</lei>
        <title>Fibra Uno Administracion SA de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MXCFFU000001"/>
          <ticker value="FUNO11"/>
          <other otherDesc="SEDOL" value="B671GT8"/>
        </identifiers>
        <balance>536424.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.50550000"/>
        <valUSD>821459.84000000</valUSD>
        <pctVal>0.556609129734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oberoi Realty Ltd</name>
        <lei>335800TCKG1XQXN51L44</lei>
        <title>Oberoi Realty Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE093I01010"/>
          <ticker value="OBER"/>
          <other otherDesc="SEDOL" value="B4MXNL6"/>
        </identifiers>
        <balance>19179.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="71.73750000"/>
        <valUSD>138193.07000000</valUSD>
        <pctVal>0.093637595756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bumi Serpong Damai Tbk PT</name>
        <lei>N/A</lei>
        <title>Bumi Serpong Damai Tbk PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000110802"/>
          <ticker value="BSDE"/>
          <other otherDesc="SEDOL" value="B2RJPM0"/>
        </identifiers>
        <balance>1311376.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14105.00000000"/>
        <valUSD>116215.53000000</valUSD>
        <pctVal>0.078745937251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Noble Development PCL</name>
        <lei>N/A</lei>
        <title>Noble Development PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0564010R13"/>
          <ticker value="NOBLE-R"/>
          <other otherDesc="SEDOL" value="6362083"/>
        </identifiers>
        <balance>28400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>16447.42000000</valUSD>
        <pctVal>0.011144530367</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Equites Property Fund Ltd</name>
        <lei>N/A</lei>
        <title>Equites Property Fund Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000188843"/>
          <ticker value="EQU"/>
          <other otherDesc="SEDOL" value="BN898F0"/>
        </identifiers>
        <balance>60620.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65300000"/>
        <valUSD>83237.18000000</valUSD>
        <pctVal>0.056400291365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Covivio Hotels SACA</name>
        <lei>969500N2QX5LGFFZ0I67</lei>
        <title>Covivio Hotels SACA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000060303"/>
          <ticker value="COVH"/>
          <other otherDesc="SEDOL" value="B1WSPV4"/>
        </identifiers>
        <balance>9748.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>295574.22000000</valUSD>
        <pctVal>0.200276752867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hemfosa Fastigheter AB</name>
        <lei>549300PZRE1NF5Y4QZ03</lei>
        <title>Hemfosa Fastigheter AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0007126123"/>
          <ticker value="HEMFPRE"/>
          <other otherDesc="SEDOL" value="BXRTP38"/>
        </identifiers>
        <balance>1500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>29225.41000000</valUSD>
        <pctVal>0.019802708828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mercialys SA</name>
        <lei>969500081CGAXB7YS433</lei>
        <title>Mercialys SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0010241638"/>
          <ticker value="MERY"/>
          <other otherDesc="SEDOL" value="B0LMF87"/>
        </identifiers>
        <balance>8748.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>115746.63000000</valUSD>
        <pctVal>0.078428217493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHARTER HALL EDUCATION TRUST</name>
        <lei>N/A</lei>
        <title>CHARTER HALL EDUCATION TRUST</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000030645"/>
          <ticker value="CQE"/>
          <other otherDesc="SEDOL" value="BHJVMY0"/>
        </identifiers>
        <balance>33519.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>78446.00000000</valUSD>
        <pctVal>0.053153858125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Intu Properties PLC</name>
        <lei>213800JSNTERD5CJZO95</lei>
        <title>Intu Properties PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0006834344"/>
          <ticker value="INTU"/>
          <other otherDesc="SEDOL" value="0683434"/>
        </identifiers>
        <balance>111030.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>50266.11000000</valUSD>
        <pctVal>0.034059578301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="577.22493534"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kenedix Residential Next Inves</name>
        <lei>353800CYD58GUMFQME07</lei>
        <title>Kenedix Residential Next Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047480003"/>
          <ticker value="3278"/>
          <other otherDesc="SEDOL" value="B76BZX3"/>
        </identifiers>
        <balance>116.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>225305.45000000</valUSD>
        <pctVal>0.152663665759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nomura Real Estate Holdings In</name>
        <lei>N/A</lei>
        <title>Nomura Real Estate Holdings Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3762900003"/>
          <ticker value="3231"/>
          <other otherDesc="SEDOL" value="B1CWJM5"/>
        </identifiers>
        <balance>17900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>432339.51000000</valUSD>
        <pctVal>0.292946905853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Soilbuild Business Space REIT</name>
        <lei>5493003FPG03GD7G5377</lei>
        <title>Soilbuild Business Space REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2G07995670"/>
          <ticker value="SBREIT"/>
          <other otherDesc="SEDOL" value="BCZSZV8"/>
        </identifiers>
        <balance>128536.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>49348.35000000</valUSD>
        <pctVal>0.033437717597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hoivatilat Oyj</name>
        <lei>743700BHJI147K0VF382</lei>
        <title>Hoivatilat Oyj</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI4000148648"/>
          <ticker value="HOIVA"/>
          <other otherDesc="SEDOL" value="BDCRPX7"/>
        </identifiers>
        <balance>2998.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>49088.12000000</valUSD>
        <pctVal>0.033261389568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pruksa Holding PCL</name>
        <lei>529900V2DKG77EI8X273</lei>
        <title>Pruksa Holding PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH7595010R10"/>
          <ticker value="PSH-R"/>
          <other otherDesc="SEDOL" value="BYMJ6J3"/>
        </identifiers>
        <balance>110000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>56424.26000000</valUSD>
        <pctVal>0.038232250348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Accommodations Fund Inc</name>
        <lei>N/A</lei>
        <title>Nippon Accommodations Fund Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046440008"/>
          <ticker value="3226"/>
          <other otherDesc="SEDOL" value="B182BB2"/>
        </identifiers>
        <balance>74.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>464907.31000000</valUSD>
        <pctVal>0.315014369085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prime US REIT</name>
        <lei>N/A</lei>
        <title>Prime US REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SGXC75818630"/>
          <ticker value="PRIME"/>
          <other otherDesc="SEDOL" value="BJK0400"/>
        </identifiers>
        <balance>102900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>101356.50000000</valUSD>
        <pctVal>0.068677676632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MLP Group SA</name>
        <lei>2594005Q9DIECHVXBO95</lei>
        <title>MLP Group SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PLMLPGR00017"/>
          <ticker value="MLG"/>
          <other otherDesc="SEDOL" value="BFWGXT0"/>
        </identifiers>
        <balance>1310.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.91105000"/>
        <valUSD>16613.44000000</valUSD>
        <pctVal>0.011257023082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Robinsons Land Corp</name>
        <lei>N/A</lei>
        <title>Robinsons Land Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY731961264"/>
          <ticker value="RLC"/>
          <other otherDesc="SEDOL" value="6744722"/>
        </identifiers>
        <balance>158961.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.81500000"/>
        <valUSD>81959.62000000</valUSD>
        <pctVal>0.055534635462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morguard Corp</name>
        <lei>549300UZ0SQJ32MWEL16</lei>
        <title>Morguard Corp</title>
        <cusip>617577101</cusip>
        <identifiers>
          <isin value="CA6175771014"/>
          <ticker value="MRC"/>
          <other otherDesc="SEDOL" value="2005809"/>
        </identifiers>
        <balance>699.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>105777.53000000</valUSD>
        <pctVal>0.071673301665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen Investment Ltd</name>
        <lei>529900QMH55P3EJRQC98</lei>
        <title>Shenzhen Investment Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0604011236"/>
          <ticker value="604"/>
          <other otherDesc="SEDOL" value="6535261"/>
        </identifiers>
        <balance>376935.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>148313.35000000</valUSD>
        <pctVal>0.100494948933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSI Properties Ltd</name>
        <lei>N/A</lei>
        <title>CSI Properties Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2581C1091"/>
          <ticker value="497"/>
          <other otherDesc="SEDOL" value="B1WSH52"/>
        </identifiers>
        <balance>546688.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>19555.13000000</valUSD>
        <pctVal>0.013250269046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Six of October Development &amp; I</name>
        <lei>N/A</lei>
        <title>Six of October Development &amp; Investment</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EGS65851C015"/>
          <ticker value="OCDI"/>
          <other otherDesc="SEDOL" value="6651996"/>
        </identifiers>
        <balance>23580.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="16.12000000"/>
        <valUSD>21897.80000000</valUSD>
        <pctVal>0.014837627851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hung Sheng Construction Ltd</name>
        <lei>N/A</lei>
        <title>Hung Sheng Construction Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002534005"/>
          <ticker value="2534"/>
          <other otherDesc="SEDOL" value="6432889"/>
        </identifiers>
        <balance>80098.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>58937.09000000</valUSD>
        <pctVal>0.039934907072</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CA Immobilien Anlagen AG</name>
        <lei>5299003ICAPV07J0R180</lei>
        <title>CA Immobilien Anlagen AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000641352"/>
          <ticker value="CAI"/>
          <other otherDesc="SEDOL" value="5681046"/>
        </identifiers>
        <balance>7591.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>311776.66000000</valUSD>
        <pctVal>0.211255288382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Selvaag Bolig ASA</name>
        <lei>5967007LIEEXZXIHPK59</lei>
        <title>Selvaag Bolig ASA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0010612450"/>
          <ticker value="SBO"/>
          <other otherDesc="SEDOL" value="B4V6DD8"/>
        </identifiers>
        <balance>6045.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.20960000"/>
        <valUSD>41680.15000000</valUSD>
        <pctVal>0.028241857835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Estate Co Ltd</name>
        <lei>353800KOFMRGOXSJ5Z65</lei>
        <title>Mitsubishi Estate Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3899600005"/>
          <ticker value="8802"/>
          <other otherDesc="SEDOL" value="6596729"/>
        </identifiers>
        <balance>188600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>3455628.71000000</valUSD>
        <pctVal>2.341483290234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Omaxe Ltd</name>
        <lei>3358007IGGTMNOLUEX72</lei>
        <title>Omaxe Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE800H01010"/>
          <ticker value="OAXE"/>
          <other otherDesc="SEDOL" value="B234RZ6"/>
        </identifiers>
        <balance>23465.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="71.73750000"/>
        <valUSD>59351.44000000</valUSD>
        <pctVal>0.040215664550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Is Gayrimenkul Yatirim Ortakli</name>
        <lei>N/A</lei>
        <title>Is Gayrimenkul Yatirim Ortakligi AS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TRAISGYO91Q3"/>
          <ticker value="ISGYO"/>
          <other otherDesc="SEDOL" value="B03MTW7"/>
        </identifiers>
        <balance>65352.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="5.74350000"/>
        <valUSD>12857.62000000</valUSD>
        <pctVal>0.008712134580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Centuria Metropolitan REIT</name>
        <lei>N/A</lei>
        <title>Centuria Metropolitan REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CMA4"/>
          <ticker value="CMA"/>
          <other otherDesc="SEDOL" value="BT6HT99"/>
        </identifiers>
        <balance>37692.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>80563.79000000</valUSD>
        <pctVal>0.054588841543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="75675.50383354"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wereldhave NV</name>
        <lei>724500YRQCY3BD9RJZ92</lei>
        <title>Wereldhave NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000289213"/>
          <ticker value="WHA"/>
          <other otherDesc="SEDOL" value="4948623"/>
        </identifiers>
        <balance>5456.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>130542.65000000</valUSD>
        <pctVal>0.088453783461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="110779.41201609"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kiwi Property Group Ltd</name>
        <lei>N/A</lei>
        <title>Kiwi Property Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZKPGE0001S9"/>
          <ticker value="KPG"/>
          <other otherDesc="SEDOL" value="BTDY2M7"/>
        </identifiers>
        <balance>198477.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.55787450"/>
        <valUSD>201295.84000000</valUSD>
        <pctVal>0.136395106450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyu Fudosan Holdings Corp</name>
        <lei>N/A</lei>
        <title>Tokyu Fudosan Holdings Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3569200003"/>
          <ticker value="3289"/>
          <other otherDesc="SEDOL" value="BDC6LT2"/>
        </identifiers>
        <balance>83900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>575371.20000000</valUSD>
        <pctVal>0.389863079497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prestige Estates Projects Ltd</name>
        <lei>335800HHEBP52VZLTU94</lei>
        <title>Prestige Estates Projects Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE811K01011"/>
          <ticker value="PEPL"/>
          <other otherDesc="SEDOL" value="B4T3LF9"/>
        </identifiers>
        <balance>22727.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="71.73750000"/>
        <valUSD>96246.21000000</valUSD>
        <pctVal>0.065215019140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Huang Hsiang Construction Corp</name>
        <lei>N/A</lei>
        <title>Huang Hsiang Construction Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002545001"/>
          <ticker value="2545"/>
          <other otherDesc="SEDOL" value="6156037"/>
        </identifiers>
        <balance>10500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>13008.64000000</valUSD>
        <pctVal>0.008814463515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ESR-REIT</name>
        <lei>5493008PFX3JN1RMMD48</lei>
        <title>ESR-REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T70931228"/>
          <ticker value="EREIT"/>
          <other otherDesc="SEDOL" value="B18TLR9"/>
        </identifiers>
        <balance>261785.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>102420.55000000</valUSD>
        <pctVal>0.069398661293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SLHC</name>
        <lei>N/A</lei>
        <title>Shanghai Lingang Holdings Corp Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000GW7"/>
          <ticker value="900928"/>
          <other otherDesc="SEDOL" value="6798763"/>
        </identifiers>
        <balance>12255.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17353.08000000</valUSD>
        <pctVal>0.011758192289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dexus</name>
        <lei>N/A</lei>
        <title>Dexus</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000DXS1"/>
          <ticker value="DXS"/>
          <other otherDesc="SEDOL" value="B033YN6"/>
        </identifiers>
        <balance>148491.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>1228372.91000000</valUSD>
        <pctVal>0.832327453067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lippo Malls Indonesia Retail T</name>
        <lei>5493003TYHRXE6MX7954</lei>
        <title>Lippo Malls Indonesia Retail Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1W27938677"/>
          <ticker value="LMRT"/>
          <other otherDesc="SEDOL" value="B296MJ5"/>
        </identifiers>
        <balance>229900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>40349.56000000</valUSD>
        <pctVal>0.027340269582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Instone Real Estate Group AG</name>
        <lei>391200DINUIRPDZQHX03</lei>
        <title>Instone Real Estate Group AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A2NBX80"/>
          <ticker value="INS"/>
          <other otherDesc="SEDOL" value="BFYXP82"/>
        </identifiers>
        <balance>5053.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>114214.57000000</valUSD>
        <pctVal>0.077390116126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Resources Land Ltd</name>
        <lei>5299001HL0TU7X15HK51</lei>
        <title>China Resources Land Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2108Y1052"/>
          <ticker value="1109"/>
          <other otherDesc="SEDOL" value="6193766"/>
        </identifiers>
        <balance>363751.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>1572989.86000000</valUSD>
        <pctVal>1.065834839906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Altus San Nicolas Corp</name>
        <lei>N/A</lei>
        <title>Altus San Nicolas Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="1737514"/>
          <other otherDesc="SEDOL" value="BK7ZJ44"/>
        </identifiers>
        <balance>2036.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.81500000"/>
        <valUSD>208.10000000</valUSD>
        <pctVal>0.000141005505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Langham Hospitality Investment</name>
        <lei>N/A</lei>
        <title>Langham Hospitality Investments and Langham Hospitality Investments Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000150521"/>
          <ticker value="1270"/>
          <other otherDesc="SEDOL" value="B8W3S31"/>
        </identifiers>
        <balance>90652.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>25825.30000000</valUSD>
        <pctVal>0.017498844201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MKH Bhd</name>
        <lei>N/A</lei>
        <title>MKH Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL6114OO002"/>
          <ticker value="MKH"/>
          <other otherDesc="SEDOL" value="6579678"/>
        </identifiers>
        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>6895.73000000</valUSD>
        <pctVal>0.004672445428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UEM Sunrise Bhd</name>
        <lei>N/A</lei>
        <title>UEM Sunrise Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5148OO001"/>
          <ticker value="UEMS"/>
          <other otherDesc="SEDOL" value="B3FKMY3"/>
        </identifiers>
        <balance>83100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>14126.90000000</valUSD>
        <pctVal>0.009572180077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ingenia Communities Group</name>
        <lei>N/A</lei>
        <title>Ingenia Communities Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000INA9"/>
          <ticker value="INA"/>
          <other otherDesc="SEDOL" value="B84GSC7"/>
        </identifiers>
        <balance>36395.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>115702.63000000</valUSD>
        <pctVal>0.078398403739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Emaar Misr for Development SAE</name>
        <lei>N/A</lei>
        <title>Emaar Misr for Development SAE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EGS673Y1C015"/>
          <ticker value="EMFD"/>
          <other otherDesc="SEDOL" value="BVW29L4"/>
        </identifiers>
        <balance>53962.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="16.12000000"/>
        <valUSD>9774.75000000</valUSD>
        <pctVal>0.006623227120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ho Bee Land Ltd</name>
        <lei>N/A</lei>
        <title>Ho Bee Land Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1H41875896"/>
          <ticker value="HOBEE"/>
          <other otherDesc="SEDOL" value="6199355"/>
        </identifiers>
        <balance>29900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>51821.27000000</valUSD>
        <pctVal>0.035113331890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Powerlong Real Estate Holdings</name>
        <lei>549300R3K12EPXCGDP22</lei>
        <title>Powerlong Real Estate Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG720051047"/>
          <ticker value="1238"/>
          <other otherDesc="SEDOL" value="B4LL9N5"/>
        </identifiers>
        <balance>152400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>88779.53000000</valUSD>
        <pctVal>0.060155706372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bangkok Land PCL</name>
        <lei>N/A</lei>
        <title>Bangkok Land PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0285010R15"/>
          <ticker value="BLAND-R"/>
          <other otherDesc="SEDOL" value="6712893"/>
        </identifiers>
        <balance>1843600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>78704.19000000</valUSD>
        <pctVal>0.053328803879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Property for Industry Ltd</name>
        <lei>2549004GA9AY0LPSSF23</lei>
        <title>Property for Industry Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZPFIE0001S5"/>
          <ticker value="PFI"/>
          <other otherDesc="SEDOL" value="6696618"/>
        </identifiers>
        <balance>70267.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.55787450"/>
        <valUSD>105769.83000000</valUSD>
        <pctVal>0.071668084258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kindom Development Co Ltd</name>
        <lei>N/A</lei>
        <title>Kindom Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002520004"/>
          <ticker value="2520"/>
          <other otherDesc="SEDOL" value="6491329"/>
        </identifiers>
        <balance>32703.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>33174.08000000</valUSD>
        <pctVal>0.022478269660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Primary Health Properties PLC</name>
        <lei>213800Y5CJHXOATK7X11</lei>
        <title>Primary Health Properties PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BYRJ5J14"/>
          <ticker value="PHP"/>
          <other otherDesc="SEDOL" value="BYRJ5J1"/>
        </identifiers>
        <balance>154906.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>294946.26000000</valUSD>
        <pctVal>0.199851256388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IGB Real Estate Investment Tru</name>
        <lei>N/A</lei>
        <title>IGB Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5227TO002"/>
          <ticker value="IGBREIT"/>
          <other otherDesc="SEDOL" value="B89JCF2"/>
        </identifiers>
        <balance>204000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>93781.87000000</valUSD>
        <pctVal>0.063545218528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Industrial Buildings Corp Ltd</name>
        <lei>N/A</lei>
        <title>Industrial Buildings Corp Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0002260193"/>
          <ticker value="IBLD"/>
          <other otherDesc="SEDOL" value="6416980"/>
        </identifiers>
        <balance>49286.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>131662.26000000</valUSD>
        <pctVal>0.089212414763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arab Co for Asset Management &amp;</name>
        <lei>N/A</lei>
        <title>Arab Co for Asset Management &amp; Development</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EGS72AQ1C016"/>
          <ticker value="ACAMD"/>
          <other otherDesc="SEDOL" value="BFMFG76"/>
        </identifiers>
        <balance>41469.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="16.12000000"/>
        <valUSD>6379.85000000</valUSD>
        <pctVal>0.004322892712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Parkway Life Real Estate Inves</name>
        <lei>549300I4DKVD2OF5LW91</lei>
        <title>Parkway Life Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1V52937132"/>
          <ticker value="PREIT"/>
          <other otherDesc="SEDOL" value="B23WXW9"/>
        </identifiers>
        <balance>50100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>119072.00000000</valUSD>
        <pctVal>0.080681439394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Joy City Property Ltd</name>
        <lei>3003007J5TS7S6D4OG97</lei>
        <title>Joy City Property Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG5210S1061"/>
          <ticker value="207"/>
          <other otherDesc="SEDOL" value="BVFNDJ0"/>
        </identifiers>
        <balance>623206.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>66080.42000000</valUSD>
        <pctVal>0.044775122626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Big Yellow Group PLC</name>
        <lei>213800W7Q4V2ZI8LIW31</lei>
        <title>Big Yellow Group PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0002869419"/>
          <ticker value="BYG"/>
          <other otherDesc="SEDOL" value="0286941"/>
        </identifiers>
        <balance>22777.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>325555.96000000</valUSD>
        <pctVal>0.220591939802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daiwa House Residential Invest</name>
        <lei>3538001FWU534P8JMO05</lei>
        <title>Daiwa House REIT Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046390005"/>
          <ticker value="8984"/>
          <other otherDesc="SEDOL" value="B0Z6WY0"/>
        </identifiers>
        <balance>263.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>719041.18000000</valUSD>
        <pctVal>0.487211749077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atal SA/Poland</name>
        <lei>259400RPKPMJK94SJA60</lei>
        <title>Atal SA/Poland</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PLATAL000046"/>
          <ticker value="1AT"/>
          <other otherDesc="SEDOL" value="BYV7085"/>
        </identifiers>
        <balance>771.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.91105000"/>
        <valUSD>7274.24000000</valUSD>
        <pctVal>0.004928918248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ez Tec Empreendimentos e Parti</name>
        <lei>N/A</lei>
        <title>Ez Tec Empreendimentos e Participacoes SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BREZTCACNOR0"/>
          <ticker value="EZTC3"/>
          <other otherDesc="SEDOL" value="B1YW5V4"/>
        </identifiers>
        <balance>16957.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.22830000"/>
        <valUSD>173808.95000000</valUSD>
        <pctVal>0.117770393254</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cyrela Brazil Realty SA Empree</name>
        <lei>N/A</lei>
        <title>Cyrela Brazil Realty SA Empreendimentos e Participacoes</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRCYREACNOR7"/>
          <ticker value="CYRE3"/>
          <other otherDesc="SEDOL" value="2189855"/>
        </identifiers>
        <balance>40516.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.22830000"/>
        <valUSD>257183.61000000</valUSD>
        <pctVal>0.174263839050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Keppel Pacific Oak US REIT</name>
        <lei>N/A</lei>
        <title>Keppel Pacific Oak US REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1EA1000007"/>
          <ticker value="KORE"/>
          <other otherDesc="SEDOL" value="BF249P2"/>
        </identifiers>
        <balance>70097.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>53974.69000000</valUSD>
        <pctVal>0.036572457673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KSL Holdings Bhd</name>
        <lei>N/A</lei>
        <title>KSL Holdings Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5038OO004"/>
          <ticker value="KSL"/>
          <other otherDesc="SEDOL" value="6433019"/>
        </identifiers>
        <balance>28800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>5275.23000000</valUSD>
        <pctVal>0.003574418415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sinyi Realty Inc</name>
        <lei>N/A</lei>
        <title>Sinyi Realty Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0009940007"/>
          <ticker value="9940"/>
          <other otherDesc="SEDOL" value="6193915"/>
        </identifiers>
        <balance>37310.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>38397.73000000</valUSD>
        <pctVal>0.026017738224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Indiabulls Real Estate Ltd</name>
        <lei>335800BB14JHMN4NZI69</lei>
        <title>Indiabulls Real Estate Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE069I01010"/>
          <ticker value="IBREL"/>
          <other otherDesc="SEDOL" value="B1TRMQ8"/>
        </identifiers>
        <balance>37986.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="71.73750000"/>
        <valUSD>36033.42000000</valUSD>
        <pctVal>0.024415716473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Industrial Corp Ltd</name>
        <lei>N/A</lei>
        <title>United Industrial Corp Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1K37001643"/>
          <ticker value="UIC"/>
          <other otherDesc="SEDOL" value="6916532"/>
        </identifiers>
        <balance>28000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>59790.12000000</valUSD>
        <pctVal>0.040512907678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhenro Properties Group Ltd</name>
        <lei>549300I66TVJEL841P38</lei>
        <title>Zhenro Properties Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9897E1098"/>
          <ticker value="6158"/>
          <other otherDesc="SEDOL" value="BDRHD05"/>
        </identifiers>
        <balance>187662.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>121068.39000000</valUSD>
        <pctVal>0.082034163954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Puradelta Lestari Tbk PT</name>
        <lei>N/A</lei>
        <title>Puradelta Lestari Tbk PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000134109"/>
          <ticker value="DMAS"/>
          <other otherDesc="SEDOL" value="BXRTT03"/>
        </identifiers>
        <balance>1202301.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14105.00000000"/>
        <valUSD>27617.55000000</valUSD>
        <pctVal>0.018713246494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Megaworld Corp</name>
        <lei>254900P57OOZ5AY5C521</lei>
        <title>Megaworld Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY594811127"/>
          <ticker value="MEG"/>
          <other otherDesc="SEDOL" value="6563648"/>
        </identifiers>
        <balance>1764600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.81500000"/>
        <valUSD>153836.03000000</valUSD>
        <pctVal>0.104237035836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Principal Capital PCL</name>
        <lei>N/A</lei>
        <title>Principal Capital PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0862010R11"/>
          <ticker value="PRINC-R"/>
          <other otherDesc="SEDOL" value="B14X1M0"/>
        </identifiers>
        <balance>229800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>34373.99000000</valUSD>
        <pctVal>0.023291311063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Attacq Ltd</name>
        <lei>N/A</lei>
        <title>Attacq Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000177218"/>
          <ticker value="ATT"/>
          <other otherDesc="SEDOL" value="BFH3QX1"/>
        </identifiers>
        <balance>89072.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65300000"/>
        <valUSD>78112.00000000</valUSD>
        <pctVal>0.052927544628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tricon Capital Group Inc</name>
        <lei>N/A</lei>
        <title>Tricon Capital Group Inc</title>
        <cusip>89612W102</cusip>
        <identifiers>
          <isin value="CA89612W1023"/>
          <ticker value="TCN"/>
          <other otherDesc="SEDOL" value="B4NP281"/>
        </identifiers>
        <balance>26812.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>227092.04000000</valUSD>
        <pctVal>0.153874232919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="144240.54206668"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YT Realty Group Ltd</name>
        <lei>N/A</lei>
        <title>YT Realty Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG987731079"/>
          <ticker value="75"/>
          <other otherDesc="SEDOL" value="6692070"/>
        </identifiers>
        <balance>74218.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>20953.89000000</valUSD>
        <pctVal>0.014198048291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK FUNDS</name>
        <lei>N/A</lei>
        <title>DEUTSCHE BANK FUNDS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="DBBXX"/>
          <other otherDesc="INTERNAL" value="99VVBC8K0"/>
        </identifiers>
        <balance>1428999.03000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1428999.03000000</valUSD>
        <pctVal>0.968268767076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="1428999.03" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Manulife US Real Estate Invest</name>
        <lei>254900OMIOIPNIC1T502</lei>
        <title>Manulife US Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1CI1000004"/>
          <ticker value="MUST"/>
          <other otherDesc="SEDOL" value="BYV9SY3"/>
        </identifiers>
        <balance>187326.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>180769.59000000</valUSD>
        <pctVal>0.122486820746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LBS Bina Group Bhd</name>
        <lei>N/A</lei>
        <title>LBS Bina Group Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5789OO002"/>
          <ticker value="LBS"/>
          <other otherDesc="SEDOL" value="6431284"/>
        </identifiers>
        <balance>62300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>7383.81000000</valUSD>
        <pctVal>0.005003161272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Klepierre SA</name>
        <lei>969500PB4U31KEFHZ621</lei>
        <title>Klepierre SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000121964"/>
          <ticker value="LI"/>
          <other otherDesc="SEDOL" value="7582556"/>
        </identifiers>
        <balance>32629.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>1171763.20000000</valUSD>
        <pctVal>0.793969544520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mori Hills REIT Investment Cor</name>
        <lei>N/A</lei>
        <title>Mori Hills REIT Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046470005"/>
          <ticker value="3234"/>
          <other otherDesc="SEDOL" value="B1GF9P3"/>
        </identifiers>
        <balance>206.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>333708.34000000</valUSD>
        <pctVal>0.226115872825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City Developments Ltd</name>
        <lei>254900BPLPJS0RJ72373</lei>
        <title>City Developments Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1R89002252"/>
          <ticker value="CIT"/>
          <other otherDesc="SEDOL" value="6197928"/>
        </identifiers>
        <balance>62498.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>472579.85000000</valUSD>
        <pctVal>0.320213169567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kojamo Oyj</name>
        <lei>7437007YPUOQZ8OV1R42</lei>
        <title>Kojamo Oyj</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI4000312251"/>
          <ticker value="KOJAMO"/>
          <other otherDesc="SEDOL" value="BFYR8L8"/>
        </identifiers>
        <balance>22128.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>365487.31000000</valUSD>
        <pctVal>0.247648836427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sobha Ltd</name>
        <lei>3358009VFP3MXXLJDN54</lei>
        <title>Sobha Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE671H01015"/>
          <ticker value="SOBHA"/>
          <other otherDesc="SEDOL" value="B1BL581"/>
        </identifiers>
        <balance>8275.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="71.73750000"/>
        <valUSD>47847.64000000</valUSD>
        <pctVal>0.032420858529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LAI SUN INT'L</name>
        <lei>254900174PJNJZL9CU22</lei>
        <title>Lai Sun Garment International Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000356805"/>
          <ticker value="191"/>
          <other otherDesc="SEDOL" value="BF99WX9"/>
        </identifiers>
        <balance>8612.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>11001.88000000</valUSD>
        <pctVal>0.007454712396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nomura Real Estate Master Fund</name>
        <lei>353800TNNZOQ1CPZE086</lei>
        <title>Nomura Real Estate Master Fund Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3048110005"/>
          <ticker value="3462"/>
          <other otherDesc="SEDOL" value="BYSJJF4"/>
        </identifiers>
        <balance>613.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>1118412.93000000</valUSD>
        <pctVal>0.757820184674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allreal Holding AG</name>
        <lei>5067006XH174LA44H658</lei>
        <title>Allreal Holding AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0008837566"/>
          <ticker value="ALLN"/>
          <other otherDesc="SEDOL" value="5914270"/>
        </identifiers>
        <balance>1945.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.99935000"/>
        <valUSD>372515.13000000</valUSD>
        <pctVal>0.252410784101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Starts Corp Inc</name>
        <lei>N/A</lei>
        <title>Starts Corp Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3399200009"/>
          <ticker value="8850"/>
          <other otherDesc="SEDOL" value="6841913"/>
        </identifiers>
        <balance>4100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>99289.56000000</valUSD>
        <pctVal>0.067277148428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsui Fudosan Co Ltd</name>
        <lei>353800ND4ZKNZDYKMF33</lei>
        <title>Mitsui Fudosan Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3893200000"/>
          <ticker value="8801"/>
          <other otherDesc="SEDOL" value="6597603"/>
        </identifiers>
        <balance>133100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>3309572.64000000</valUSD>
        <pctVal>2.242517841095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Prime Realty Investment</name>
        <lei>353800NJOQJAY1ODEX72</lei>
        <title>Japan Prime Realty Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3040890000"/>
          <ticker value="8955"/>
          <other otherDesc="SEDOL" value="6528175"/>
        </identifiers>
        <balance>118.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>537147.29000000</valUSD>
        <pctVal>0.363963119154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grand City Properties SA</name>
        <lei>5299002QLUYKK2WBMB18</lei>
        <title>Grand City Properties SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU0775917882"/>
          <ticker value="GYC"/>
          <other otherDesc="SEDOL" value="B8K9X70"/>
        </identifiers>
        <balance>14075.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>326832.40000000</valUSD>
        <pctVal>0.221456836810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Activia Properties Inc</name>
        <lei>353800RPGYN3ML8CXV54</lei>
        <title>Activia Properties Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047490002"/>
          <ticker value="3279"/>
          <other otherDesc="SEDOL" value="B8BSRY1"/>
        </identifiers>
        <balance>96.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>495297.23000000</valUSD>
        <pctVal>0.335606132796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="412747.6942964"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shining Building Business Co L</name>
        <lei>N/A</lei>
        <title>Shining Building Business Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0005531008"/>
          <ticker value="5531"/>
          <other otherDesc="SEDOL" value="6355287"/>
        </identifiers>
        <balance>33376.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>11595.54000000</valUSD>
        <pctVal>0.007856967698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Univentures PCL</name>
        <lei>N/A</lei>
        <title>Univentures PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0136010R10"/>
          <ticker value="UV-R"/>
          <other otherDesc="SEDOL" value="6715450"/>
        </identifiers>
        <balance>80000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>16679.08000000</valUSD>
        <pctVal>0.011301499783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>R&amp;F PROPERTIES</name>
        <lei>529900ICJ8CK8LFWH863</lei>
        <title>Guangzhou R&amp;F Properties Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000569"/>
          <ticker value="2777"/>
          <other otherDesc="SEDOL" value="B19H8Y8"/>
        </identifiers>
        <balance>136294.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>229137.24000000</valUSD>
        <pctVal>0.155260030418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WHA Premium Growth Freehold &amp;</name>
        <lei>N/A</lei>
        <title>WHA Premium Growth Freehold &amp; Leasehold Real Estate InvestmentTrust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH6141010012"/>
          <ticker value="WHART/F"/>
          <other otherDesc="SEDOL" value="BTKFJF5"/>
        </identifiers>
        <balance>199900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>113122.86000000</valUSD>
        <pctVal>0.076650389455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brigade Enterprises Ltd</name>
        <lei>335800QDUUQVHS6II245</lei>
        <title>Brigade Enterprises Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE791I01019"/>
          <ticker value="BRGD"/>
          <other otherDesc="SEDOL" value="B29ZGD4"/>
        </identifiers>
        <balance>25405.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="71.73750000"/>
        <valUSD>72598.36000000</valUSD>
        <pctVal>0.049191583096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LAMDA Development SA</name>
        <lei>213800C7PQZVF38FYL54</lei>
        <title>LAMDA Development SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GRS245213004"/>
          <ticker value="LAMDA"/>
          <other otherDesc="SEDOL" value="4248947"/>
        </identifiers>
        <balance>5354.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>42503.94000000</valUSD>
        <pctVal>0.028800045847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kenedix Retail REIT Corp</name>
        <lei>353800IOH9ONLGE3AQ55</lei>
        <title>Kenedix Retail REIT Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047900000"/>
          <ticker value="3453"/>
          <other otherDesc="SEDOL" value="BTLX226"/>
        </identifiers>
        <balance>76.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>195152.95000000</valUSD>
        <pctVal>0.132232774355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eagle Hospitality Trust</name>
        <lei>N/A</lei>
        <title>Eagle Hospitality Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SGXC28500103"/>
          <ticker value="EAGLEHT"/>
          <other otherDesc="SEDOL" value="BJFD6P3"/>
        </identifiers>
        <balance>98500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51712.50000000</valUSD>
        <pctVal>0.035039630934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Norstar Holdings Inc</name>
        <lei>N/A</lei>
        <title>Norstar Holdings Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PAL0605071A3"/>
          <ticker value="NSTR"/>
          <other otherDesc="SEDOL" value="6362652"/>
        </identifiers>
        <balance>1598.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>32815.62000000</valUSD>
        <pctVal>0.022235382425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>C C Land Holdings Ltd</name>
        <lei>529900HHI8OH6B42PS54</lei>
        <title>C C Land Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG1985B1138"/>
          <ticker value="1224"/>
          <other otherDesc="SEDOL" value="B1LYG76"/>
        </identifiers>
        <balance>152380.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>33677.29000000</valUSD>
        <pctVal>0.022819237369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AEON REIT Investment Corp</name>
        <lei>353800P59F8MJB4FE788</lei>
        <title>AEON REIT Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3047650001"/>
          <ticker value="3292"/>
          <other otherDesc="SEDOL" value="BFSSCF9"/>
        </identifiers>
        <balance>200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>278330.75000000</valUSD>
        <pctVal>0.188592830704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alam Sutera Realty Tbk PT</name>
        <lei>2549001ML992STTEP738</lei>
        <title>Alam Sutera Realty Tbk PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000108400"/>
          <ticker value="ASRI"/>
          <other otherDesc="SEDOL" value="B29Y9F4"/>
        </identifiers>
        <balance>1479950.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14105.00000000"/>
        <valUSD>25181.71000000</valUSD>
        <pctVal>0.017062757064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hulic Co Ltd</name>
        <lei>N/A</lei>
        <title>Hulic Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3360800001"/>
          <ticker value="3003"/>
          <other otherDesc="SEDOL" value="6805317"/>
        </identifiers>
        <balance>71500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>803730.25000000</valUSD>
        <pctVal>0.544595819795</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pandox AB</name>
        <lei>549300K4HA8EBLSL3B97</lei>
        <title>Pandox AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0007100359"/>
          <ticker value="PNDXB"/>
          <other otherDesc="SEDOL" value="BZ0CT92"/>
        </identifiers>
        <balance>11097.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>241714.19000000</valUSD>
        <pctVal>0.163781987127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ruentex Development Co Ltd</name>
        <lei>N/A</lei>
        <title>Ruentex Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0009945006"/>
          <ticker value="9945"/>
          <other otherDesc="SEDOL" value="6748423"/>
        </identifiers>
        <balance>99263.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>148355.25000000</valUSD>
        <pctVal>0.100523339758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Corem Property Group AB</name>
        <lei>213800CHXQQD7TSS1T59</lei>
        <title>Corem Property Group AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0010714287"/>
          <ticker value="COREB"/>
          <other otherDesc="SEDOL" value="BYVWKN5"/>
        </identifiers>
        <balance>20264.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>50807.39000000</valUSD>
        <pctVal>0.034426341684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WHA Corp PCL</name>
        <lei>254900E68VLEZZULQP27</lei>
        <title>WHA Corp PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH3871010R19"/>
          <ticker value="WHA-R"/>
          <other otherDesc="SEDOL" value="B830433"/>
        </identifiers>
        <balance>1126400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>157306.46000000</valUSD>
        <pctVal>0.106588548263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orix JREIT Inc</name>
        <lei>N/A</lei>
        <title>Orix JREIT Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3040880001"/>
          <ticker value="8954"/>
          <other otherDesc="SEDOL" value="6527774"/>
        </identifiers>
        <balance>378.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>830833.71000000</valUSD>
        <pctVal>0.562960726451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tritax Big Box REIT PLC</name>
        <lei>213800L6X88MIYPVR714</lei>
        <title>Tritax Big Box REIT PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BG49KP99"/>
          <ticker value="BBOX"/>
          <other otherDesc="SEDOL" value="BG49KP9"/>
        </identifiers>
        <balance>233640.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77309550"/>
        <valUSD>447880.60000000</valUSD>
        <pctVal>0.303477320316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SP Setia Bhd Group</name>
        <lei>N/A</lei>
        <title>SP Setia Bhd Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL8664OO004"/>
          <ticker value="SPSB"/>
          <other otherDesc="SEDOL" value="6868774"/>
        </identifiers>
        <balance>134505.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>41866.75000000</valUSD>
        <pctVal>0.028368295256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sime Darby Property Bhd</name>
        <lei>N/A</lei>
        <title>Sime Darby Property Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5288OO005"/>
          <ticker value="SDPR"/>
          <other otherDesc="SEDOL" value="BF6RHX1"/>
        </identifiers>
        <balance>343146.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>64496.49000000</valUSD>
        <pctVal>0.043701874908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Oceanwide Holdings Ltd</name>
        <lei>2549002OI2H8FLV7IB62</lei>
        <title>China Oceanwide Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2117K1045"/>
          <ticker value="715"/>
          <other otherDesc="SEDOL" value="BVRWLY6"/>
        </identifiers>
        <balance>309820.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>11082.32000000</valUSD>
        <pctVal>0.007509217359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Hotel Income Properties REIT LP</name>
        <lei>5493005C6UF6VGGY7R52</lei>
        <title>American Hotel Income Properties REIT LP</title>
        <cusip>026695106</cusip>
        <identifiers>
          <isin value="CA0266951064"/>
          <ticker value="HOT-U"/>
          <other otherDesc="SEDOL" value="B8YR4B1"/>
        </identifiers>
        <balance>10410.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>54391.42000000</valUSD>
        <pctVal>0.036854827804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="50681.72407304"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AFI Properties Ltd</name>
        <lei>N/A</lei>
        <title>AFI Properties Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0010913544"/>
          <ticker value="AFPR"/>
          <other otherDesc="SEDOL" value="B034CL3"/>
        </identifiers>
        <balance>2119.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>75658.94000000</valUSD>
        <pctVal>0.051265387179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PLA Administradora Industrial</name>
        <lei>N/A</lei>
        <title>PLA Administradora Industrial S de RL de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MXCFTE0B0005"/>
          <ticker value="TERRA13"/>
          <other otherDesc="SEDOL" value="B87Y2V5"/>
        </identifiers>
        <balance>105221.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.50550000"/>
        <valUSD>171920.40000000</valUSD>
        <pctVal>0.116490739495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alarko Gayrimenkul Yatirim Ort</name>
        <lei>N/A</lei>
        <title>Alarko Gayrimenkul Yatirim Ortakligi AS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TRAALGYO91Q5"/>
          <ticker value="ALGYO"/>
          <other otherDesc="SEDOL" value="B03MNJ2"/>
        </identifiers>
        <balance>1408.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="5.74350000"/>
        <valUSD>19391.10000000</valUSD>
        <pctVal>0.013139124726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lamda Development SA</name>
        <lei>N/A</lei>
        <title>Lamda Development SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="R51294414"/>
        </identifiers>
        <balance>5354.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>3591.88000000</valUSD>
        <pctVal>0.002433805164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Airport City Ltd</name>
        <lei>N/A</lei>
        <title>Airport City Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0010958358"/>
          <ticker value="ARPT"/>
          <other otherDesc="SEDOL" value="B0Z7M21"/>
        </identifiers>
        <balance>10216.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>194216.17000000</valUSD>
        <pctVal>0.131598025977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boardwalk Real Estate Investme</name>
        <lei>N/A</lei>
        <title>Boardwalk Real Estate Investment Trust</title>
        <cusip>096631106</cusip>
        <identifiers>
          <isin value="CA0966311064"/>
          <ticker value="BEI-U"/>
          <other otherDesc="SEDOL" value="B011205"/>
        </identifiers>
        <balance>4614.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>168580.78000000</valUSD>
        <pctVal>0.114227862004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Heliopolis Housing</name>
        <lei>N/A</lei>
        <title>Heliopolis Housing</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EGS65591C017"/>
          <ticker value="HELI"/>
          <other otherDesc="SEDOL" value="6591003"/>
        </identifiers>
        <balance>12243.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="16.12000000"/>
        <valUSD>18379.69000000</valUSD>
        <pctVal>0.012453808156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mapletree Commercial Trust</name>
        <lei>549300BF18K4IC5LZ208</lei>
        <title>Mapletree Commercial Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2D18969584"/>
          <ticker value="MCT"/>
          <other otherDesc="SEDOL" value="B5143W8"/>
        </identifiers>
        <balance>268870.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>464026.62000000</valUSD>
        <pctVal>0.314417626468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mah Sing Group Bhd</name>
        <lei>N/A</lei>
        <title>Mah Sing Group Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL8583OO006"/>
          <ticker value="MSGB"/>
          <other otherDesc="SEDOL" value="B1YYNJ4"/>
        </identifiers>
        <balance>78300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>13029.69000000</valUSD>
        <pctVal>0.008828726686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Link REIT</name>
        <lei>529900XUE70U36QX5M62</lei>
        <title>Link REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0823032773"/>
          <ticker value="823"/>
          <other otherDesc="SEDOL" value="B0PB4M7"/>
        </identifiers>
        <balance>285903.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>2921943.09000000</valUSD>
        <pctVal>1.979865747860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sitara Propertindo Tbk PT</name>
        <lei>N/A</lei>
        <title>Sitara Propertindo Tbk PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000132202"/>
          <ticker value="TARA"/>
          <other otherDesc="SEDOL" value="BNY7RL7"/>
        </identifiers>
        <balance>1107019.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14105.00000000"/>
        <valUSD>55723.75000000</valUSD>
        <pctVal>0.037757595055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allied Properties Real Estate</name>
        <lei>549300AMZMPKVHA0MY77</lei>
        <title>Allied Properties Real Estate Investment Trust</title>
        <cusip>019456102</cusip>
        <identifiers>
          <isin value="CA0194561027"/>
          <ticker value="AP-U"/>
          <other otherDesc="SEDOL" value="2387701"/>
        </identifiers>
        <balance>15573.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>626085.60000000</valUSD>
        <pctVal>0.424226412523</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NorthWest Healthcare Propertie</name>
        <lei>N/A</lei>
        <title>NorthWest Healthcare Properties Real Estate Investment Trust</title>
        <cusip>667495105</cusip>
        <identifiers>
          <isin value="CA6674951059"/>
          <ticker value="NWH-U"/>
          <other otherDesc="SEDOL" value="B4Y8WM3"/>
        </identifiers>
        <balance>13019.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>121736.10000000</valUSD>
        <pctVal>0.082486594449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prologis Property Mexico SA de</name>
        <lei>N/A</lei>
        <title>Prologis Property Mexico SA de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MXCFFI170008"/>
          <ticker value="FIBRAPL"/>
          <other otherDesc="SEDOL" value="BN56JP1"/>
        </identifiers>
        <balance>48412.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.50550000"/>
        <valUSD>102951.98000000</valUSD>
        <pctVal>0.069758750460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wheelock &amp; Co Ltd</name>
        <lei>254900QXFKSHVV2YBM95</lei>
        <title>Wheelock &amp; Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0020000177"/>
          <ticker value="20"/>
          <other otherDesc="SEDOL" value="6981488"/>
        </identifiers>
        <balance>104451.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>649170.09000000</valUSD>
        <pctVal>0.439868124100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PATRIZIA AG</name>
        <lei>5299002NZCMF1NIHZ018</lei>
        <title>PATRIZIA AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000PAT1AG3"/>
          <ticker value="PAT"/>
          <other otherDesc="SEDOL" value="B11Y3K8"/>
        </identifiers>
        <balance>6151.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>124519.32000000</valUSD>
        <pctVal>0.084372463467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICADE</name>
        <lei>969500UDH342QLTE1M42</lei>
        <title>ICADE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000035081"/>
          <ticker value="ICAD"/>
          <other otherDesc="SEDOL" value="4554406"/>
        </identifiers>
        <balance>3801.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>380751.07000000</valUSD>
        <pctVal>0.257991336153</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sagax AB</name>
        <lei>549300LJX28T6OM8DT95</lei>
        <title>Sagax AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0005127818"/>
          <ticker value="SAGAB"/>
          <other otherDesc="SEDOL" value="B9M3PK4"/>
        </identifiers>
        <balance>19646.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>260656.38000000</valUSD>
        <pctVal>0.176616937027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Paramount Corp Bhd</name>
        <lei>N/A</lei>
        <title>Paramount Corp Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL1724OO003"/>
          <ticker value="PAR"/>
          <other otherDesc="SEDOL" value="6670236"/>
        </identifiers>
        <balance>27440.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.17650000"/>
        <valUSD>8146.92000000</valUSD>
        <pctVal>0.005520233406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEPI Rockcastle PLC</name>
        <lei>549300FMWM53K9ULYT15</lei>
        <title>NEPI Rockcastle PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IM00BDD7WV31"/>
          <ticker value="NRP"/>
          <other otherDesc="SEDOL" value="BDD7WV3"/>
        </identifiers>
        <balance>46218.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65300000"/>
        <valUSD>391179.71000000</valUSD>
        <pctVal>0.265057629540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northview Apartment Real Estat</name>
        <lei>N/A</lei>
        <title>Northview Apartment Real Estate Investment Trust</title>
        <cusip>667185102</cusip>
        <identifiers>
          <isin value="CA6671851021"/>
          <ticker value="NVU-U"/>
          <other otherDesc="SEDOL" value="BYZGBB8"/>
        </identifiers>
        <balance>6789.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.32825000"/>
        <valUSD>155126.03000000</valUSD>
        <pctVal>0.105111120900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cathay No 2 REIT</name>
        <lei>N/A</lei>
        <title>Cathay No 2 REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW00001007T5"/>
          <ticker value="01007T"/>
          <other otherDesc="SEDOL" value="B1FSFT9"/>
        </identifiers>
        <balance>106706.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>60504.21000000</valUSD>
        <pctVal>0.040996764581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frontier Real Estate Investmen</name>
        <lei>N/A</lei>
        <title>Frontier Real Estate Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046200006"/>
          <ticker value="8964"/>
          <other otherDesc="SEDOL" value="B020QY3"/>
        </identifiers>
        <balance>72.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>312957.72000000</valUSD>
        <pctVal>0.212055557302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PP Properti Tbk PT</name>
        <lei>N/A</lei>
        <title>PP Properti Tbk PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000133903"/>
          <ticker value="PPRO"/>
          <other otherDesc="SEDOL" value="BXNSRW2"/>
        </identifiers>
        <balance>3230250.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14105.00000000"/>
        <valUSD>14198.90000000</valUSD>
        <pctVal>0.009620966220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arena REIT</name>
        <lei>N/A</lei>
        <title>Arena REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ARF6"/>
          <ticker value="ARF"/>
          <other otherDesc="SEDOL" value="B99K263"/>
        </identifiers>
        <balance>43743.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>87579.79000000</valUSD>
        <pctVal>0.059342780158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hembla AB</name>
        <lei>549300SXRQEW4EIZGT87</lei>
        <title>Hembla AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0005594728"/>
          <ticker value="HEMB"/>
          <other otherDesc="SEDOL" value="BHBFFY1"/>
        </identifiers>
        <balance>5035.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>112828.10000000</valUSD>
        <pctVal>0.076450664405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Industrial &amp; Infrastructure Fu</name>
        <lei>353800WCHFY04YKYCI19</lei>
        <title>Industrial &amp; Infrastructure Fund Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046500009"/>
          <ticker value="3249"/>
          <other otherDesc="SEDOL" value="B24HH65"/>
        </identifiers>
        <balance>220.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>343932.06000000</valUSD>
        <pctVal>0.233043315427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Property &amp; Building Corp Ltd</name>
        <lei>N/A</lei>
        <title>Property &amp; Building Corp Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0006990175"/>
          <ticker value="PTBL"/>
          <other otherDesc="SEDOL" value="6705741"/>
        </identifiers>
        <balance>300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.47010000"/>
        <valUSD>32471.69000000</valUSD>
        <pctVal>0.022002340506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Charter Hall Group</name>
        <lei>N/A</lei>
        <title>Charter Hall Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CHC0"/>
          <ticker value="CHC"/>
          <other otherDesc="SEDOL" value="B15F6S6"/>
        </identifiers>
        <balance>64403.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>470907.31000000</valUSD>
        <pctVal>0.319079881013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Golden Ventures Leasehold Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>Golden Ventures Leasehold Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH7139010014"/>
          <ticker value="GVREIT/"/>
          <other otherDesc="SEDOL" value="BYT2C64"/>
        </identifiers>
        <balance>12700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>6724.58000000</valUSD>
        <pctVal>0.004556476700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yanlord Land Group Ltd</name>
        <lei>N/A</lei>
        <title>Yanlord Land Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T57930854"/>
          <ticker value="YLLG"/>
          <other otherDesc="SEDOL" value="B17KMY7"/>
        </identifiers>
        <balance>77700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>66480.68000000</valUSD>
        <pctVal>0.045046332927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DoubleDragon Properties Corp</name>
        <lei>N/A</lei>
        <title>DoubleDragon Properties Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY2105Y1083"/>
          <ticker value="DD"/>
          <other otherDesc="SEDOL" value="BKX3XF1"/>
        </identifiers>
        <balance>80770.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.81500000"/>
        <valUSD>31154.03000000</valUSD>
        <pctVal>0.021109513431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Multiplan Empreendimentos Imob</name>
        <lei>N/A</lei>
        <title>Multiplan Empreendimentos Imobiliarios SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRMULTACNOR5"/>
          <ticker value="MULT3"/>
          <other otherDesc="SEDOL" value="B23DZG0"/>
        </identifiers>
        <balance>41275.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.22830000"/>
        <valUSD>282305.65000000</valUSD>
        <pctVal>0.191286164598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ascendas Real Estate Investmen</name>
        <lei>549300ILIBAEMQZK3L20</lei>
        <title>Ascendas Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1M77906915"/>
          <ticker value="AREIT"/>
          <other otherDesc="SEDOL" value="6563875"/>
        </identifiers>
        <balance>388874.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>847449.28000000</valUSD>
        <pctVal>0.574219192790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unibail-Rodamco-Westfield</name>
        <lei>N/A</lei>
        <title>Unibail-Rodamco-Westfield</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0013326246"/>
          <ticker value="URW"/>
          <other otherDesc="SEDOL" value="BFYM460"/>
        </identifiers>
        <balance>18712.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>2927662.00000000</valUSD>
        <pctVal>1.983740797330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Norwegian Property ASA</name>
        <lei>5967007LIEEXZXGQFS44</lei>
        <title>Norwegian Property ASA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0010317811"/>
          <ticker value="NPRO"/>
          <other otherDesc="SEDOL" value="B15KGC5"/>
        </identifiers>
        <balance>31272.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.20960000"/>
        <valUSD>47198.66000000</valUSD>
        <pctVal>0.031981119207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sanurhasta Mitra Tbk PT</name>
        <lei>N/A</lei>
        <title>Sanurhasta Mitra Tbk PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000138506"/>
          <ticker value="MINA"/>
          <other otherDesc="SEDOL" value="BYWM4Q5"/>
        </identifiers>
        <balance>223806.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14105.00000000"/>
        <valUSD>13963.08000000</valUSD>
        <pctVal>0.009461178050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fabege AB</name>
        <lei>549300JNPI46XNH0PM97</lei>
        <title>Fabege AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0011166974"/>
          <ticker value="FABG"/>
          <other otherDesc="SEDOL" value="BFM6T36"/>
        </identifiers>
        <balance>37735.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>590142.18000000</valUSD>
        <pctVal>0.399871678729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vicinity Centres</name>
        <lei>N/A</lei>
        <title>Vicinity Centres</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000VCX7"/>
          <ticker value="VCX"/>
          <other otherDesc="SEDOL" value="BY7QXS7"/>
        </identifiers>
        <balance>420194.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>761707.59000000</valUSD>
        <pctVal>0.516121882211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CapitaLand Mall Trust</name>
        <lei>54930031292WUTXF0L29</lei>
        <title>CapitaLand Mall Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1M51904654"/>
          <ticker value="CT"/>
          <other otherDesc="SEDOL" value="6420129"/>
        </identifiers>
        <balance>355101.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>654396.52000000</valUSD>
        <pctVal>0.443409476351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Korea Asset In Trust Co Ltd</name>
        <lei>N/A</lei>
        <title>Korea Asset In Trust Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7123890006"/>
          <ticker value="123890"/>
          <other otherDesc="SEDOL" value="BD6NPN1"/>
        </identifiers>
        <balance>7179.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1181.15000000"/>
        <valUSD>21546.42000000</valUSD>
        <pctVal>0.014599537921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Starhill Global REIT</name>
        <lei>549300GCJNC7HDN3YK51</lei>
        <title>Starhill Global REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1S18926810"/>
          <ticker value="SGREIT"/>
          <other otherDesc="SEDOL" value="B0HZGR6"/>
        </identifiers>
        <balance>190000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36745000"/>
        <valUSD>100040.22000000</valUSD>
        <pctVal>0.067785784625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inmobiliaria Colonial Socimi S</name>
        <lei>95980020140005007414</lei>
        <title>Inmobiliaria Colonial Socimi SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0139140174"/>
          <ticker value="COL"/>
          <other otherDesc="SEDOL" value="BD0PJ08"/>
        </identifiers>
        <balance>36202.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90694650"/>
        <valUSD>457042.28000000</valUSD>
        <pctVal>0.309685140204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wang On Properties Ltd</name>
        <lei>N/A</lei>
        <title>Wang On Properties Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG9430P1086"/>
          <ticker value="1243"/>
          <other otherDesc="SEDOL" value="BYZWLF0"/>
        </identifiers>
        <balance>436934.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>48003.99000000</valUSD>
        <pctVal>0.032526798994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4814.74753282"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Vanke Co Ltd</name>
        <lei>529900E66UJ2DWY7KW55</lei>
        <title>China Vanke Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001SR9"/>
          <ticker value="2202"/>
          <other otherDesc="SEDOL" value="BN320P8"/>
        </identifiers>
        <balance>195683.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>732459.76000000</valUSD>
        <pctVal>0.496303981919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shopping Centres Australasia P</name>
        <lei>N/A</lei>
        <title>Shopping Centres Australasia Property Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SCP9"/>
          <ticker value="SCP"/>
          <other otherDesc="SEDOL" value="B8K7J65"/>
        </identifiers>
        <balance>123757.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.47841500"/>
        <valUSD>227689.14000000</valUSD>
        <pctVal>0.154278819114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LH Hotel Leasehold Real Estate</name>
        <lei>N/A</lei>
        <title>LH Hotel Leasehold Real Estate Investment Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH6957010015"/>
          <ticker value="LHHOTE/"/>
          <other otherDesc="SEDOL" value="BDG0H81"/>
        </identifiers>
        <balance>10900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="30.21750000"/>
        <valUSD>7106.15000000</valUSD>
        <pctVal>0.004815022931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shin Kong No.1 REIT</name>
        <lei>N/A</lei>
        <title>Shin Kong No.1 REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW00001003T4"/>
          <ticker value="01003T"/>
          <other otherDesc="SEDOL" value="B0VTRN7"/>
        </identifiers>
        <balance>143639.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.51050000"/>
        <valUSD>83799.81000000</valUSD>
        <pctVal>0.056781521195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invincible Investment Corp</name>
        <lei>N/A</lei>
        <title>Invincible Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3046190009"/>
          <ticker value="8963"/>
          <other otherDesc="SEDOL" value="B00STP1"/>
        </identifiers>
        <balance>821.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="109.51000000"/>
        <valUSD>488056.80000000</valUSD>
        <pctVal>0.330700123707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wallenstam AB</name>
        <lei>21380081R2P9MKFQBD25</lei>
        <title>Wallenstam AB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0007074844"/>
          <ticker value="WALLB"/>
          <other otherDesc="SEDOL" value="BXVMBK2"/>
        </identifiers>
        <balance>27782.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.57215000"/>
        <valUSD>314908.04000000</valUSD>
        <pctVal>0.213377065506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prosperity REIT</name>
        <lei>N/A</lei>
        <title>Prosperity REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0808032913"/>
          <ticker value="808"/>
          <other otherDesc="SEDOL" value="B0PVBN7"/>
        </identifiers>
        <balance>155503.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82775000"/>
        <valUSD>59000.85000000</valUSD>
        <pctVal>0.039978109912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dom Development SA</name>
        <lei>259400NS8NTDHP9QQI74</lei>
        <title>Dom Development SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PLDMDVL00012"/>
          <ticker value="DOM"/>
          <other otherDesc="SEDOL" value="B1G6TS9"/>
        </identifiers>
        <balance>1100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.91105000"/>
        <valUSD>26775.42000000</valUSD>
        <pctVal>0.018142631567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-01-23</ncom:dateSigned>
      <ncom:nameOfApplicant>DBX ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Diane Kenneally</ncom:signature>
      <ncom:signerName>Diane Kenneally</ncom:signerName>
      <ncom:title>Treasurer, Chief Financial Officer, and Controller</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
