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value="Sedol"/></identifiers><balance>59396</balance><units>NS</units><curCd>USD</curCd><valUSD>14735554</valUSD><pctVal>1.685</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>Life Storage Inc</name><lei>W9EE01AFDDF9DQCQZC68</lei><title>Life Storage Inc</title><cusip>53223X107</cusip><identifiers><isin value="US53223X1072"/><ticker value="LSI US"/><other otherDesc="BDCSFJ6" value="Sedol"/></identifiers><balance>17120</balance><units>NS</units><curCd>USD</curCd><valUSD>1964349</valUSD><pctVal>0.225</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 US"/><other otherDesc="BYTP3L5" value="Sedol"/></identifiers><balance>496299</balance><units>NS</units><curCd>USD</curCd><valUSD>19008252</valUSD><pctVal>2.173</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>Hang Lung Properties Ltd</name><lei>529900CIVTNMXQT59E61</lei><title>Hang Lung Properties Ltd</title><cusip>Y30166105</cusip><identifiers><isin value="HK0101000591"/><ticker value="101 HK"/><other otherDesc="6030506" value="Sedol"/></identifiers><balance>2998000</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7844"/><valUSD>6815224</valUSD><pctVal>0.779</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>China Resources Land Ltd</name><lei>5299001HL0TU7X15HK51</lei><title>China Resources Land Ltd</title><cusip>G2108Y105</cusip><identifiers><isin value="KYG2108Y1052"/><ticker value="1109 HK"/><other otherDesc="6193766" value="Sedol"/></identifiers><balance>4594000</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7844"/><valUSD>19323749</valUSD><pctVal>2.209</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>National Retail Properties Inc</name><lei>5493008JKH5SOTI0JS97</lei><title>National Retail Properties Inc</title><cusip>637417106</cusip><identifiers><isin value="US6374171063"/><ticker value="NNN US"/><other otherDesc="2211811" value="Sedol"/></identifiers><balance>471150</balance><units>NS</units><curCd>USD</curCd><valUSD>20348968</valUSD><pctVal>2.326</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>CapitaLand Integrated Commerci</name><lei>54930031292WUTXF0L29</lei><title>CapitaLand Mall Trust</title><cusip>Y1100L160</cusip><identifiers><isin value="SG1M51904654"/><ticker value="CICT SP"/><other otherDesc="6420129" value="Sedol"/></identifiers><balance>4229260</balance><units>NS</units><currencyConditional curCd="SGD" exchangeRt="1.3575"/><valUSD>6288122</valUSD><pctVal>0.719</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>Japan Metropolitan Fund Invest</name><lei>353800QDHNIP60E1LQ93</lei><title>Japan Retail Fund Investment Corp</title><cusip>J27544105</cusip><identifiers><isin value="JP3039710003"/><ticker value="8953 JP"/><other otherDesc="6513342" value="Sedol"/></identifiers><balance>10279</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="111.28"/><valUSD>9883157</valUSD><pctVal>1.13</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>Mitsui Fudosan Co Ltd</name><lei>353800ND4ZKNZDYKMF33</lei><title>Mitsui Fudosan Co Ltd</title><cusip>J4509L101</cusip><identifiers><isin value="JP3893200000"/><ticker value="8801 JP"/><other otherDesc="6597603" value="Sedol"/></identifiers><balance>1005000</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="111.28"/><valUSD>23942230</valUSD><pctVal>2.737</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 HK"/><other otherDesc="6859927" value="Sedol"/></identifiers><balance>659750</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7844"/><valUSD>8199214</valUSD><pctVal>0.937</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>Park Hotels &amp; Resorts Inc</name><lei>5493005UZ5TQN0H6HS73</lei><title>Park Hotels &amp; Resorts Inc</title><cusip>700517105</cusip><identifiers><isin value="US7005171050"/><ticker value="PK US"/><other otherDesc="BYVMVV0" value="Sedol"/></identifiers><balance>905980</balance><units>NS</units><curCd>USD</curCd><valUSD>17340457</valUSD><pctVal>1.983</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>Prologis Inc</name><lei>529900DFH19P073LZ636</lei><title>PROLOGIS INC</title><cusip>74340W103</cusip><identifiers><isin value="US74340W1036"/><ticker value="PLD US"/><other otherDesc="B44WZD7" value="Sedol"/></identifiers><balance>441846</balance><units>NS</units><curCd>USD</curCd><valUSD>55355262</valUSD><pctVal>6.329</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 US"/><other otherDesc="BC9ZHL9" value="Sedol"/></identifiers><balance>354768</balance><units>NS</units><curCd>USD</curCd><valUSD>20133084</valUSD><pctVal>2.302</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 FP"/><other otherDesc="7742468" value="Sedol"/></identifiers><balance>67000</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.86341"/><valUSD>8980689</valUSD><pctVal>1.027</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 US"/><other otherDesc="BZ6TS23" value="Sedol"/></identifiers><balance>28706</balance><units>NS</units><curCd>USD</curCd><valUSD>9489342</valUSD><pctVal>1.085</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>Sabra Health Care REIT Inc</name><lei>549300E3BC7GU7TAZ621</lei><title>Sabra Health Care REIT Inc</title><cusip>78573L106</cusip><identifiers><isin value="US78573L1061"/><ticker value="SBRA US"/><other otherDesc="B5NLBP6" value="Sedol"/></identifiers><balance>871192</balance><units>NS</units><curCd>USD</curCd><valUSD>12823946</valUSD><pctVal>1.466</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 US"/><other otherDesc="BHHZBZ8" value="Sedol"/></identifiers><balance>540918</balance><units>NS</units><curCd>USD</curCd><valUSD>24903865</valUSD><pctVal>2.847</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 US"/><other otherDesc="2860257" 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value="DU0000100962"/></identifiers><balance>18129875</balance><units>NS</units><curCd>USD</curCd><valUSD>18131688</valUSD><pctVal>2.073</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>PF</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Janus Henderson Cash Collateral Fund</name><lei>N/A</lei><title>Janus Henderson Cash Collateral Fund</title><cusip>N/A</cusip><identifiers><other otherDesc="896" value="Internal 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exchangeRt="1.3575"/><valUSD>7790335</valUSD><pctVal>0.891</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 LN"/><other otherDesc="B0FYMT9" value="Sedol"/></identifiers><balance>1045000</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.74228"/><valUSD>6171236</valUSD><pctVal>0.706</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 SS"/><other otherDesc="B0LC9F2" value="Sedol"/></identifiers><balance>217000</balance><units>NS</units><currencyConditional curCd="SEK" exchangeRt="8.7511"/><valUSD>13020654</valUSD><pctVal>1.489</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>Japan Hotel REIT Investment Co</name><lei>353800L8KG849FP1JI68</lei><title>Japan Hotel Investment Corp</title><cusip>J2761Q107</cusip><identifiers><isin value="JP3046400002"/><ticker value="8985 JP"/><other otherDesc="B1530B1" value="Sedol"/></identifiers><balance>13630</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="111.28"/><valUSD>8198710</valUSD><pctVal>0.937</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>Shimao Group Holdings Ltd</name><lei>254900WTJ6B5CU69ZD26</lei><title>Shimao Property Holdings Ltd</title><cusip>G81043104</cusip><identifiers><isin value="KYG810431042"/><ticker value="813 HK"/><other otherDesc="B16YNS1" value="Sedol"/></identifiers><balance>6385000</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7844"/><valUSD>11650328</valUSD><pctVal>1.332</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>Aedifica SA</name><lei>529900DTKNXL0AXQFN28</lei><title>Aedifica SA</title><cusip>B0130A108</cusip><identifiers><isin value="BE0003851681"/><ticker value="AED BB"/><other otherDesc="B1G5XP1" value="Sedol"/></identifiers><balance>29621</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.86341"/><valUSD>3677772</valUSD><pctVal>0.42</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>Safestore Holdings PLC</name><lei>213800WGA3YSJC1YOH73</lei><title>Safestore Holdings PLC</title><cusip>G77733106</cusip><identifiers><isin value="GB00B1N7Z094"/><ticker value="SAFE LN"/><other otherDesc="B1N7Z09" value="Sedol"/></identifiers><balance>485000</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.74228"/><valUSD>6820932</valUSD><pctVal>0.78</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>Industrial &amp; Infrastructure Fu</name><lei>353800WCHFY04YKYCI19</lei><title>Industrial &amp; Infrastructure Fund Investment Corp</title><cusip>J24393118</cusip><identifiers><isin value="JP3046500009"/><ticker value="3249 JP"/><other otherDesc="B24HH65" value="Sedol"/></identifiers><balance>3938</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="111.28"/><valUSD>7154045</valUSD><pctVal>0.818</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 BB"/><other otherDesc="B29L881" value="Sedol"/></identifiers><balance>50676</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.86341"/><valUSD>11638952</valUSD><pctVal>1.331</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 SP"/><other otherDesc="B4LR5Q8" value="Sedol"/></identifiers><balance>4621145</balance><units>NS</units><currencyConditional curCd="SGD" exchangeRt="1.3575"/><valUSD>9449668</valUSD><pctVal>1.08</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>Segro PLC</name><lei>213800XC35KGM9NFC641</lei><title>Segro PLC</title><cusip>G80277141</cusip><identifiers><isin value="GB00B5ZN1N88"/><ticker value="SGRO LN"/><other otherDesc="B5ZN1N8" value="Sedol"/></identifiers><balance>970000</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.74228"/><valUSD>15562699</valUSD><pctVal>1.779</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>Swire Properties Ltd</name><lei>5299001L12PHYVQ92465</lei><title>Swire Properties Ltd</title><cusip>Y83191109</cusip><identifiers><isin value="HK0000063609"/><ticker value="1972 HK"/><other otherDesc="B67C2G0" value="Sedol"/></identifiers><balance>3640800</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7844"/><valUSD>9109929</valUSD><pctVal>1.042</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>Workspace Group PLC</name><lei>2138003GUZRFIN3UT430</lei><title>Workspace Group PLC</title><cusip>G5595E136</cusip><identifiers><isin value="GB00B67G5X01"/><ticker value="WKP LN"/><other otherDesc="B67G5X0" value="Sedol"/></identifiers><balance>303761</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.74228"/><valUSD>3342797</valUSD><pctVal>0.382</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>Activia Properties Inc</name><lei>353800RPGYN3ML8CXV54</lei><title>Activia Properties Inc</title><cusip>J00089102</cusip><identifiers><isin value="JP3047490002"/><ticker value="3279 JP"/><other otherDesc="B8BSRY1" value="Sedol"/></identifiers><balance>1990</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="111.28"/><valUSD>8176068</valUSD><pctVal>0.935</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 SE</name><lei>391200SO40AKONBO0Z96</lei><title>LEG Immobilien AG</title><cusip>D4960A103</cusip><identifiers><isin value="DE000LEG1110"/><ticker value="LEG GR"/><other otherDesc="B9G6L89" value="Sedol"/></identifiers><balance>85970</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.86341"/><valUSD>12161603</valUSD><pctVal>1.39</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><loanByFundCondition isLoanByFund="Y" loanVal="3608946.94"/></securityLending></invstOrSec><invstOrSec><name>Vonovia SE</name><lei>5299005A2ZEP6AP7KM81</lei><title>Vonovia SE</title><cusip>D9581T100</cusip><identifiers><isin value="DE000A1ML7J1"/><ticker value="VNA GR"/><other otherDesc="BBJPFY1" value="Sedol"/></identifiers><balance>275000</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.86341"/><valUSD>16528947</valUSD><pctVal>1.89</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>Tokyu Fudosan Holdings Corp</name><lei>N/A</lei><title>Tokyu Fudosan Holdings Corp</title><cusip>J88764105</cusip><identifiers><isin value="JP3569200003"/><ticker value="3289 JP"/><other otherDesc="BDC6LT2" value="Sedol"/></identifiers><balance>996900</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="111.28"/><valUSD>6139938</valUSD><pctVal>0.702</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>LaSalle Logiport REIT</name><lei>353800II3DI1RPKBB314</lei><title>LaSalle Logiport</title><cusip>J38684106</cusip><identifiers><isin value="JP3048180008"/><ticker value="3466 JP"/><other otherDesc="BDD1L29" value="Sedol"/></identifiers><balance>4173</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="111.28"/><valUSD>7027516</valUSD><pctVal>0.803</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>Instone Real Estate Group SE</name><lei>391200DINUIRPDZQHX03</lei><title>Instone Real Estate Group AG</title><cusip>D3706C100</cusip><identifiers><isin value="DE000A2NBX80"/><ticker value="INS GR"/><other otherDesc="BFYXP82" value="Sedol"/></identifiers><balance>368711</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.86341"/><valUSD>10520768</valUSD><pctVal>1.203</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>Hulic Reit Inc</name><lei>N/A</lei><title>Hulic Inc</title><cusip>J2359T109</cusip><identifiers><isin value="JP3047660000"/><ticker value="3295 JP"/><other otherDesc="BJ04C42" value="Sedol"/></identifiers><balance>3816</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="111.28"/><valUSD>6016311</valUSD><pctVal>0.688</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>CTP NV</name><lei>3157000YTVO4TN65UM14</lei><title>CTP NV</title><cusip>N2368S105</cusip><identifiers><isin value="NL00150006R6"/><ticker value="CTPNV NA"/><other otherDesc="BLF7T27" value="Sedol"/></identifiers><balance>375444</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.86341"/><valUSD>8177018</valUSD><pctVal>0.935</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>NL</invCountry><isRestrictedSec>Y</isRestrictedSec><fairValLevel>2</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>Y6266R109</cusip><identifiers><isin value="HK0000608585"/><ticker value="17 HK"/><other otherDesc="BM94GQ4" value="Sedol"/></identifiers><balance>2212000</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7844"/><valUSD>8975967</valUSD><pctVal>1.026</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>GDS Holdings Ltd</name><lei>391200MGV8DDCHTN2R77</lei><title>GDS Holdings Ltd - Class A</title><cusip>G3902L109</cusip><identifiers><isin value="KYG3902L1095"/><ticker value="9698 HK"/><other otherDesc="BMG40P4" value="Sedol"/></identifiers><balance>1408256</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7844"/><valUSD>10022351</valUSD><pctVal>1.146</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>China Vanke Co Ltd</name><lei>529900E66UJ2DWY7KW55</lei><title>China Vanke Co Ltd</title><cusip>Y77421132</cusip><identifiers><isin value="CNE100001SR9"/><ticker value="2202 HK"/><other otherDesc="BN320P8" value="Sedol"/></identifiers><balance>4946000</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7844"/><valUSD>13519079</valUSD><pctVal>1.546</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>Merlin Properties Socimi SA</name><lei>959800L8KD863DP30X04</lei><title>Merlin Properties Socimi SA</title><cusip>E7390Z100</cusip><identifiers><isin value="ES0105025003"/><ticker value="MRL SM"/><other otherDesc="BNGNB77" value="Sedol"/></identifiers><balance>780000</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.86341"/><valUSD>8003344</valUSD><pctVal>0.915</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>ES</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Capitaland Investment Ltd/Sing</name><lei>254900AT4UQDU7SNXX49</lei><title>CAPITALAND INVESTMENT LTD/SI</title><cusip>FDS1O3QI5</cusip><identifiers><isin value="SGXE62145532"/><ticker value="CLI SP"/><other otherDesc="BNHXFJ6" value="Sedol"/></identifiers><balance>1875100</balance><units>NS</units><currencyConditional curCd="SGD" exchangeRt="1.3575"/><valUSD>4696383</valUSD><pctVal>0.537</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>Cellnex Telecom SA</name><lei>5493008T4YG3AQUI7P67</lei><title>Cellnex Telecom SA</title><cusip>E2R41M104</cusip><identifiers><isin value="ES0105066007"/><ticker value="CLNX SM"/><other otherDesc="BX90C05" value="Sedol"/></identifiers><balance>141193</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.86341"/><valUSD>8702272</valUSD><pctVal>0.995</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>ES</invCountry><isRestrictedSec>Y</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Vicinity Centres</name><lei>549300S7GOEVR0EGFN47</lei><title>Vicinity Centres</title><cusip>Q9395F102</cusip><identifiers><isin value="AU000000VCX7"/><ticker value="VCX AU"/><other otherDesc="BY7QXS7" value="Sedol"/></identifiers><balance>9116368</balance><units>NS</units><currencyConditional curCd="AUD" exchangeRt="1.38351"/><valUSD>10859664</valUSD><pctVal>1.242</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>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 JP"/><other otherDesc="BYSJJF4" value="Sedol"/></identifiers><balance>5374</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="111.28"/><valUSD>7745142</valUSD><pctVal>0.886</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>Land Securities Group PLC</name><lei>213800V8IAVKS37D6B88</lei><title>Land Securities Group PLC</title><cusip>G5375M142</cusip><identifiers><isin value="GB00BYW0PQ60"/><ticker value="LAND LN"/><other otherDesc="BYW0PQ6" value="Sedol"/></identifiers><balance>800000</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.74228"/><valUSD>7445036</valUSD><pctVal>0.851</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></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>2021-11-14</ncom:dateSigned><ncom:nameOfApplicant>JANUS INVESTMENT FUND</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></formData></edgarSubmission>
