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value="Sedol"/></identifiers><balance>450937</balance><units>NS</units><curCd>USD</curCd><valUSD>8928553</valUSD><pctVal>1.889</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>Ayala Land Inc</name><lei>254900EWT10TQ6DKTV34</lei><title>Ayala Land Inc</title><cusip>Y0488F100</cusip><identifiers><isin value="PHY0488F1004"/><ticker value="ALI PM"/><other otherDesc="6055112" value="Sedol"/></identifiers><balance>10009600</balance><units>NS</units><currencyConditional curCd="PHP" 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exchangeRt="1.46778"/><valUSD>4803133</valUSD><pctVal>1.016</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 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>2596000</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.8082"/><valUSD>9309188</valUSD><pctVal>1.97</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>NNN REIT 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>261212</balance><units>NS</units><curCd>USD</curCd><valUSD>11258237</valUSD><pctVal>2.382</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>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>5686</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="140.98"/><valUSD>4109827</valUSD><pctVal>0.87</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>Orix JREIT Inc</name><lei>N/A</lei><title>Orix JREIT Inc</title><cusip>J8996L102</cusip><identifiers><isin value="JP3040880001"/><ticker value="8954 JP"/><other otherDesc="6527774" value="Sedol"/></identifiers><balance>4301</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="140.98"/><valUSD>5079561</valUSD><pctVal>1.075</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 Ascendas REIT</name><lei>549300ILIBAEMQZK3L20</lei><title>Ascendas</title><cusip>Y0205X103</cusip><identifiers><isin value="SG1M77906915"/><ticker value="CLAR SP"/><other otherDesc="6563875" value="Sedol"/></identifiers><balance>3420500</balance><units>NS</units><currencyConditional curCd="SGD" exchangeRt="1.3194"/><valUSD>7855173</valUSD><pctVal>1.662</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>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>648500</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="140.98"/><valUSD>15906604</valUSD><pctVal>3.366</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>United Urban Investment Corp</name><lei>353800GYZWBD7BDCN841</lei><title>United Urban Investment Corp</title><cusip>J9427E105</cusip><identifiers><isin value="JP3045540006"/><ticker value="8960 JP"/><other otherDesc="6723839" value="Sedol"/></identifiers><balance>3494</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="140.98"/><valUSD>3571325</valUSD><pctVal>0.756</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>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>598500</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.8082"/><valUSD>6473108</valUSD><pctVal>1.37</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>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>293629</balance><units>NS</units><curCd>USD</curCd><valUSD>39140746</valUSD><pctVal>8.283</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>905785</balance><units>NS</units><curCd>USD</curCd><valUSD>12925552</valUSD><pctVal>2.735</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 US"/><other otherDesc="BGL0KF5" 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value="Sedol"/></identifiers><balance>291740</balance><units>NS</units><curCd>USD</curCd><valUSD>11453712</valUSD><pctVal>2.424</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>Janus Henderson US Holdings Inc</name><lei>8T2ZO87FU1KVPZIG9I59</lei><title>Janus Henderson Cash Liquidity Fund</title><cusip>N/A</cusip><identifiers><isin value="DU0000100962"/></identifiers><balance>2783850</balance><units>NS</units><curCd>USD</curCd><valUSD>2784407</valUSD><pctVal>0.589</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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value="Sedol"/></identifiers><balance>253069</balance><units>NS</units><curCd>USD</curCd><valUSD>9690012</valUSD><pctVal>2.051</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>Corp Inmobiliaria Vesta SAB de</name><lei>4469000001BIRIFZJ959</lei><title>Corp Inmobiliaria Vesta SAB de CV (ADR)</title><cusip>92540K109</cusip><identifiers><isin value="US92540K1097"/><ticker value="VTMX US"/><other otherDesc="BMDHMR2" 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value="Sedol"/></identifiers><balance>535306</balance><units>NS</units><curCd>USD</curCd><valUSD>17065555</valUSD><pctVal>3.611</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>Welltower Inc</name><lei>254900F33BIAR82QTA19</lei><title>Welltower Inc</title><cusip>95040Q104</cusip><identifiers><isin value="US95040Q1040"/><ticker value="WELL US"/><other otherDesc="BYVYHH4" 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exchangeRt="0.90596"/><valUSD>3297440</valUSD><pctVal>0.698</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>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>370000</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.78468"/><valUSD>4168323</valUSD><pctVal>0.882</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>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>4759</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="140.98"/><valUSD>4712416</valUSD><pctVal>0.997</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>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>42000</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90596"/><valUSD>4867765</valUSD><pctVal>1.03</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>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>755547</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.78468"/><valUSD>8534904</valUSD><pctVal>1.806</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>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>2045200</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.8082"/><valUSD>4138490</valUSD><pctVal>0.876</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>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>388810</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.78468"/><valUSD>2814448</valUSD><pctVal>0.596</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>Chartwell Retirement Residence</name><lei>549300M7UBEIZBWP4069</lei><title>Chartwell Retirement Residences</title><cusip>16141A103</cusip><identifiers><isin value="CA16141A1030"/><ticker value="CSH-U CN"/><other otherDesc="B8S8C94" value="Sedol"/></identifiers><balance>1250142</balance><units>NS</units><currencyConditional curCd="CAD" exchangeRt="1.3249"/><valUSD>11058694</valUSD><pctVal>2.34</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="1268027.37"/></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>38313</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90596"/><valUSD>3354439</valUSD><pctVal>0.71</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>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>254783</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90596"/><valUSD>8026300</valUSD><pctVal>1.698</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>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>227000</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90596"/><valUSD>3828602</valUSD><pctVal>0.81</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>NL</invCountry><isRestrictedSec>Y</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Scentre Group</name><lei>529900TUCASM3W86E831</lei><title>Scentre Group</title><cusip>Q8351E109</cusip><identifiers><isin value="AU000000SCG8"/><ticker value="SCG AU"/><other otherDesc="BLZH0Z7" value="Sedol"/></identifiers><balance>2856029</balance><units>NS</units><currencyConditional curCd="AUD" exchangeRt="1.46778"/><valUSD>5817988</valUSD><pctVal>1.231</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>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>580000</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90596"/><valUSD>6440461</valUSD><pctVal>1.363</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>CapitaLand Investment Ltd/Sing</name><lei>254900AT4UQDU7SNXX49</lei><title>Capitaland Investment Ltd/Singapore</title><cusip>Y1091P105</cusip><identifiers><isin value="SGXE62145532"/><ticker value="CLI SP"/><other otherDesc="BNHXFJ6" value="Sedol"/></identifiers><balance>2188800</balance><units>NS</units><currencyConditional curCd="SGD" exchangeRt="1.3194"/><valUSD>5242237</valUSD><pctVal>1.109</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>Fastighets AB Balder</name><lei>549300GHKJCEZOAEUU82</lei><title>Fastighets AB Balder - Class B</title><cusip>W2951M127</cusip><identifiers><isin value="SE0017832488"/><ticker value="BALDB SS"/><other otherDesc="BPMRNZ9" value="Sedol"/></identifiers><balance>358634</balance><units>NS</units><currencyConditional curCd="SEK" exchangeRt="10.0825"/><valUSD>2543963</valUSD><pctVal>0.538</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>Shurgard Self Storage Ltd</name><lei>549300J0UEIKU81XO336</lei><title>Shurgard Self Storage Ltd</title><cusip>L8230B107</cusip><identifiers><isin value="GG00BQZCBZ44"/><ticker value="SHUR BB"/><other otherDesc="BQZCBZ4" value="Sedol"/></identifiers><balance>33130</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90596"/><valUSD>1640483</valUSD><pctVal>0.347</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>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>125240</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90596"/><valUSD>4929642</valUSD><pctVal>1.043</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>ES</invCountry><isRestrictedSec>Y</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Frasers Logistics &amp; Commercial</name><lei>N/A</lei><title>Frasers Logistics &amp; Industrial Trust</title><cusip>Y26465107</cusip><identifiers><isin value="SG1CI9000006"/><ticker value="FLT SP"/><other otherDesc="BYYFHZ2" value="Sedol"/></identifiers><balance>4961300</balance><units>NS</units><currencyConditional curCd="SGD" exchangeRt="1.3194"/><valUSD>4324310</valUSD><pctVal>0.915</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>CK Asset Holdings Ltd</name><lei>5299006GJZSGP78B8S35</lei><title>CK Asset Holdings Ltd</title><cusip>G2177B101</cusip><identifiers><isin value="KYG2177B1014"/><ticker value="1113 HK"/><other otherDesc="BYZQ077" value="Sedol"/></identifiers><balance>454000</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.8082"/><valUSD>2279245</valUSD><pctVal>0.482</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></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>2024-02-14</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><documents>XXXX</documents></edgarSubmission>
