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value="Sedol"/></identifiers><balance>170214</balance><units>NS</units><curCd>USD</curCd><valUSD>9783901</valUSD><pctVal>2.0246</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>Essential Properties Realty Tr</name><lei>N/A</lei><title>Essential Properties Realty Trust Inc</title><cusip>29670E107</cusip><identifiers><isin value="US29670E1073"/><ticker value="EPRT"/><other otherDesc="BFFK0X2" value="Sedol"/></identifiers><balance>438196</balance><units>NS</units><curCd>USD</curCd><valUSD>5722840</valUSD><pctVal>1.1842</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>Healthpeak Properties Inc</name><lei>PZ9HF5U52KPF0MH0QN75</lei><title>Healthpeak Properties Inc</title><cusip>42250P103</cusip><identifiers><isin value="US42250P1030"/><ticker value="PEAK"/><other otherDesc="BJBLRK3" value="Sedol"/></identifiers><balance>495324</balance><units>NS</units><curCd>USD</curCd><valUSD>11813477</valUSD><pctVal>2.4445</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>Invitation Homes Inc</name><lei>N/A</lei><title>Invitation Homes Inc</title><cusip>46187W107</cusip><identifiers><isin value="US46187W1071"/><ticker value="INVH"/><other otherDesc="BD81GW9" value="Sedol"/></identifiers><balance>301089</balance><units>NS</units><curCd>USD</curCd><valUSD>6434272</valUSD><pctVal>1.3314</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>MGM Growth Properties LLC</name><lei>549300E2UGIBHWE12262</lei><title>MGM Growth Properties LLC</title><cusip>55303A105</cusip><identifiers><isin value="US55303A1051"/><ticker value="MGP"/><other otherDesc="BYTP3L5" value="Sedol"/></identifiers><balance>430257</balance><units>NS</units><curCd>USD</curCd><valUSD>10184183</valUSD><pctVal>2.1074</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>Marriott International Inc/MD</name><lei>225YDZ14ZO8E1TXUSU86</lei><title>Marriott International Inc/MD</title><cusip>571903202</cusip><identifiers><isin value="US5719032022"/><ticker value="MAR"/><other otherDesc="2210614" value="Sedol"/></identifiers><balance>84043</balance><units>NS</units><curCd>USD</curCd><valUSD>6287257</valUSD><pctVal>1.301</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>Mirvac Group</name><lei>N/A</lei><title>Mirvac Group</title><cusip>Q62377108</cusip><identifiers><isin value="AU000000MGR9"/><ticker value="MGR"/><other otherDesc="6161978" value="Sedol"/></identifiers><balance>7987096</balance><units>NS</units><currencyConditional curCd="AUD" exchangeRt="1.62628"/><valUSD>10567589</valUSD><pctVal>2.1867</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>AU</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>G2108Y105</cusip><identifiers><isin value="KYG2108Y1052"/><ticker value="1109"/><other otherDesc="6193766" value="Sedol"/></identifiers><balance>3270000</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7525"/><valUSD>13415988</valUSD><pctVal>2.7761</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>KY</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>NVR Inc</name><lei>529900RWXR4JI3JYTV70</lei><title>NVR Inc</title><cusip>62944T105</cusip><identifiers><isin value="US62944T1051"/><ticker value="NVR"/><other otherDesc="2637785" value="Sedol"/></identifiers><balance>2190</balance><units>NS</units><curCd>USD</curCd><valUSD>5626351</valUSD><pctVal>1.1642</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>Mitsui Fudosan Co Ltd</name><lei>353800ND4ZKNZDYKMF33</lei><title>Mitsui Fudosan Co Ltd</title><cusip>J4509L101</cusip><identifiers><isin value="JP3893200000"/><ticker value="8801"/><other otherDesc="6597603" value="Sedol"/></identifiers><balance>613000</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>10603958</valUSD><pctVal>2.1942</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>Y82594121</cusip><identifiers><isin value="HK0016000132"/><ticker value="16"/><other otherDesc="6859927" value="Sedol"/></identifiers><balance>1119250</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7525"/><valUSD>14696130</valUSD><pctVal>3.041</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>HK</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Prologis Inc</name><lei>529900DFH19P073LZ636</lei><title>Prologis Inc</title><cusip>74340W103</cusip><identifiers><isin value="US74340W1036"/><ticker value="PLD"/><other otherDesc="B44WZD7" value="Sedol"/></identifiers><balance>378175</balance><units>NS</units><curCd>USD</curCd><valUSD>30328442</valUSD><pctVal>6.2758</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>Rexford Industrial Realty Inc</name><lei>549300MSLO0DF0EMX355</lei><title>Rexford Industrial Realty Inc</title><cusip>76169C100</cusip><identifiers><isin value="US76169C1009"/><ticker value="REXR"/><other otherDesc="BC9ZHL9" value="Sedol"/></identifiers><balance>278317</balance><units>NS</units><curCd>USD</curCd><valUSD>11413780</valUSD><pctVal>2.3618</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>Gecina SA</name><lei>9695003E4MMA10IBTR26</lei><title>Gecina SA</title><cusip>F4268U171</cusip><identifiers><isin value="FR0010040865"/><ticker value="GFC"/><other otherDesc="7742468" value="Sedol"/></identifiers><balance>60500</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>8023672</valUSD><pctVal>1.6603</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>SBA Communications Corp</name><lei>5299001HX8ZN8Y8QIT49</lei><title>SBA Communications Corp</title><cusip>78410G104</cusip><identifiers><isin value="US78410G1040"/><ticker value="SBAC"/><other otherDesc="BZ6TS23" value="Sedol"/></identifiers><balance>26238</balance><units>NS</units><curCd>USD</curCd><valUSD>7083473</valUSD><pctVal>1.4658</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>SL Green Realty Corp</name><lei>549300VQZPJU97H3GT17</lei><title>SL Green Realty Corp</title><cusip>78440X101</cusip><identifiers><isin value="US78440X1019"/><ticker value="SLG"/><other otherDesc="2096847" value="Sedol"/></identifiers><balance>140439</balance><units>NS</units><curCd>USD</curCd><valUSD>6052921</valUSD><pctVal>1.2525</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>SITE Centers Corp</name><lei>W2AVA6SODOQ1LCYJQR54</lei><title>SITE Centers Corp</title><cusip>82981J109</cusip><identifiers><isin value="US82981J1097"/><ticker value="SITC"/><other otherDesc="BGL0KF5" value="Sedol"/></identifiers><balance>915700</balance><units>NS</units><curCd>USD</curCd><valUSD>4770797</valUSD><pctVal>0.9872</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>Spirit Realty Capital Inc</name><lei>549300LTU6LVPZSHMJ25</lei><title>Spirit Realty Capital Inc</title><cusip>84860W300</cusip><identifiers><isin value="US84860W3007"/><ticker value="SRC"/><other otherDesc="BHHZBZ8" value="Sedol"/></identifiers><balance>361997</balance><units>NS</units><curCd>USD</curCd><valUSD>9466221</valUSD><pctVal>1.9588</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>Sun Communities Inc</name><lei>549300H5GEOJYN41ZG57</lei><title>Sun Communities Inc</title><cusip>866674104</cusip><identifiers><isin value="US8666741041"/><ticker value="SUI"/><other otherDesc="2860257" value="Sedol"/></identifiers><balance>116779</balance><units>NS</units><curCd>USD</curCd><valUSD>14579858</valUSD><pctVal>3.017</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>UDR Inc</name><lei>P3CH2EG5X6Z1XWU1OO74</lei><title>UDR Inc</title><cusip>902653104</cusip><identifiers><isin value="US9026531049"/><ticker value="UDR"/><other otherDesc="2727910" value="Sedol"/></identifiers><balance>249182</balance><units>NS</units><curCd>USD</curCd><valUSD>9105110</valUSD><pctVal>1.8841</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>VICI Properties Inc</name><lei>254900RKH6RY9KCJQH63</lei><title>VICI Properties Inc</title><cusip>925652109</cusip><identifiers><isin value="US9256521090"/><ticker value="VICI"/><other otherDesc="BYWH073" value="Sedol"/></identifiers><balance>1094004</balance><units>NS</units><curCd>USD</curCd><valUSD>18204227</valUSD><pctVal>3.7669</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>Goodman Group</name><lei>N/A</lei><title>Goodman Group</title><cusip>Q4229W132</cusip><identifiers><isin value="AU000000GMG2"/><ticker value="GMG"/><other otherDesc="B03FYZ4" value="Sedol"/></identifiers><balance>728898</balance><units>NS</units><currencyConditional curCd="AUD" exchangeRt="1.62628"/><valUSD>5566529</valUSD><pctVal>1.1519</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>AU</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>G40432117</cusip><identifiers><isin value="GB00B04V1276"/><ticker value="GRI"/><other otherDesc="B04V127" value="Sedol"/></identifiers><balance>662757</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>2128315</valUSD><pctVal>0.4404</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>Y5759Q107</cusip><identifiers><isin value="SG1S03926213"/><ticker value="MLT"/><other otherDesc="B0D6P43" value="Sedol"/></identifiers><balance>3862000</balance><units>NS</units><currencyConditional curCd="SGD" exchangeRt="1.4209"/><valUSD>4298835</valUSD><pctVal>0.8895</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>SG</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Helical PLC</name><lei>2138003SBD2Z7WV2MP70</lei><title>Helical PLC</title><cusip>G43904195</cusip><identifiers><isin value="GB00B0FYMT95"/><ticker value="HLCL"/><other otherDesc="B0FYMT9" value="Sedol"/></identifiers><balance>1130000</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>4902180</valUSD><pctVal>1.0144</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>W30316116</cusip><identifiers><isin value="SE0000455057"/><ticker value="BALDB"/><other otherDesc="B0LC9F2" value="Sedol"/></identifiers><balance>150000</balance><units>NS</units><currencyConditional curCd="SEK" exchangeRt="9.8839"/><valUSD>5393413</valUSD><pctVal>1.116</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>SE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>Y5281M111</cusip><identifiers><isin value="HK0823032773"/><ticker value="823"/><other otherDesc="B0PB4M7" value="Sedol"/></identifiers><balance>1174400</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7525"/><valUSD>9920862</valUSD><pctVal>2.0529</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>HK</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>D2046U176</cusip><identifiers><isin value="DE000A0HN5C6"/><ticker value="DWNI"/><other otherDesc="B0YZ0Z5" value="Sedol"/></identifiers><balance>360500</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>13770142</valUSD><pctVal>2.8494</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Shimao Property Holdings Ltd</name><lei>254900WTJ6B5CU69ZD26</lei><title>Shimao Property Holdings Ltd</title><cusip>G81043104</cusip><identifiers><isin value="KYG810431042"/><ticker value="813"/><other otherDesc="B16YNS1" value="Sedol"/></identifiers><balance>2618000</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7525"/><valUSD>9163449</valUSD><pctVal>1.8962</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>KY</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>J4304Y100</cusip><identifiers><isin value="JP3046450007"/><ticker value="3227"/><other otherDesc="B19PR78" value="Sedol"/></identifiers><balance>9860</balance><units>NS</units><currencyConditional curCd="JPY" 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exchangeRt="107.51"/><valUSD>5372834</valUSD><pctVal>1.1118</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>B9738D109</cusip><identifiers><isin value="BE0003878957"/><ticker value="VGP"/><other otherDesc="B29L881" value="Sedol"/></identifiers><balance>68875</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>7095670</valUSD><pctVal>1.4683</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>BE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>Y5759S103</cusip><identifiers><isin value="SG2C32962814"/><ticker value="MINT"/><other otherDesc="B4LR5Q8" value="Sedol"/></identifiers><balance>1361000</balance><units>NS</units><currencyConditional curCd="SGD" exchangeRt="1.4209"/><valUSD>2302564</valUSD><pctVal>0.4765</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>SG</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>Y707AN101</cusip><identifiers><isin value="INE811K01011"/><ticker value="PEPL"/><other otherDesc="B4T3LF9" value="Sedol"/></identifiers><balance>874634</balance><units>NS</units><currencyConditional curCd="INR" exchangeRt="75.6437"/><valUSD>1944387</valUSD><pctVal>0.4023</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>IN</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>G80277141</cusip><identifiers><isin value="GB00B5ZN1N88"/><ticker value="SGRO"/><other otherDesc="B5ZN1N8" value="Sedol"/></identifiers><balance>720000</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>6807308</valUSD><pctVal>1.4086</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>J17305103</cusip><identifiers><isin value="JP3047510007"/><ticker value="3281"/><other otherDesc="B8RBZV7" value="Sedol"/></identifiers><balance>5381</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>6053282</valUSD><pctVal>1.2526</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>J5528H104</cusip><identifiers><isin value="JP3047550003"/><ticker value="3283"/><other otherDesc="B98BC67" value="Sedol"/></identifiers><balance>1290</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>3250349</valUSD><pctVal>0.6726</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>D4960A103</cusip><identifiers><isin value="DE000LEG1110"/><ticker value="LEG"/><other otherDesc="B9G6L89" value="Sedol"/></identifiers><balance>55500</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>6269100</valUSD><pctVal>1.2972</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Granite Real Estate Investment</name><lei>549300U7HUKRB4S4KZ73</lei><title>Granite Real Estate Investment Trust</title><cusip>387437114</cusip><identifiers><isin value="CA3874371147"/><ticker value="GRT-U"/><other otherDesc="B9GS088" value="Sedol"/></identifiers><balance>233615</balance><units>NS</units><currencyConditional curCd="CAD" 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exchangeRt="107.51"/><valUSD>2367750</valUSD><pctVal>0.49</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>L0269F109</cusip><identifiers><isin value="LU1673108939"/><ticker value="AT1"/><other otherDesc="BF0CK44" value="Sedol"/></identifiers><balance>1450000</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>7264598</valUSD><pctVal>1.5032</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>LU</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>A-Living Services Co Ltd</name><lei>3003007MSHCO6ZTTSZ09</lei><title>A-Living Services Co Ltd</title><cusip>Y0038M100</cusip><identifiers><isin value="CNE100002RY5"/><ticker value="3319"/><other otherDesc="BFWK4M2" value="Sedol"/></identifiers><balance>1501250</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7525"/><valUSD>7252952</valUSD><pctVal>1.5008</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>CN</invCountry><isRestrictedSec>Y</isRestrictedSec><fairValLevel>2</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>D3706C100</cusip><identifiers><isin value="DE000A2NBX80"/><ticker value="INS"/><other otherDesc="BFYXP82" value="Sedol"/></identifiers><balance>252000</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>4022901</valUSD><pctVal>0.8324</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>Y</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Times China Holdings Ltd</name><lei>2549000KTINB9ZPZP710</lei><title>Times China Holdings Ltd</title><cusip>G8904A100</cusip><identifiers><isin value="KYG8904A1004"/><ticker value="1233"/><other otherDesc="BH3FTS1" value="Sedol"/></identifiers><balance>2497000</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7525"/><valUSD>4152424</valUSD><pctVal>0.8592</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>KY</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>J2502Y104</cusip><identifiers><isin value="JP3047760008"/><ticker value="3298"/><other otherDesc="BMBL9L9" value="Sedol"/></identifiers><balance>30676</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>4015774</valUSD><pctVal>0.831</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>R2R8A2105</cusip><identifiers><isin value="NO0010716418"/><ticker value="ENTRA"/><other otherDesc="BRJ2VC4" value="Sedol"/></identifiers><balance>254000</balance><units>NS</units><currencyConditional curCd="NOK" exchangeRt="10.38"/><valUSD>3029691</valUSD><pctVal>0.6269</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>NO</invCountry><isRestrictedSec>Y</isRestrictedSec><fairValLevel>2</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>J589D3119</cusip><identifiers><isin value="JP3048110005"/><ticker value="3462"/><other otherDesc="BYSJJF4" value="Sedol"/></identifiers><balance>6407</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>8086370</valUSD><pctVal>1.6733</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Star Asia Investment Corp</name><lei>N/A</lei><title>Star Asia Investment Corp</title><cusip>J76639103</cusip><identifiers><isin value="JP3048200004"/><ticker value="3468"/><other otherDesc="BYYJ8J5" value="Sedol"/></identifiers><balance>3051</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>2411357</valUSD><pctVal>0.499</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Fidelity Investments Money Market Treasury Portfolio</name><lei>N/A</lei><title>Fidelity Investments Money Market Treasury Portfolio</title><cusip>G0171W105</cusip><identifiers><isin value="BMG0171W1055"/><ticker value="1060"/><other otherDesc="BPYM749" value="Sedol"/></identifiers><balance>19684498</balance><units>NS</units><curCd>USD</curCd><valUSD>19684498</valUSD><pctVal>4.0733</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></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>2020-05-15</ncom:dateSigned><ncom:nameOfApplicant>JESPER NERGAARD</ncom:nameOfApplicant><ncom:signature>JESPER NERGAARD</ncom:signature><ncom:signerName>JESPER NERGAARD</ncom:signerName><ncom:title>VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER</ncom:title></signature></nport:formData></nport:edgarSubmission>
