NPORT-P false 0000857490 XXXXXXXX S000004392 C000012148 VANGUARD VARIABLE INSURANCE FUNDS 811-05962 0000857490 549300N9FZ0B1IR95761 100 Vanguard Boulevard Malvern 19355 610-669-1000 REAL ESTATE INDEX PORTFOLIO S000004392 NSYZG9R2JB2XHYUW8881 2022-12-31 2022-06-30 N 1193728021.01 3172772.40 1190555248.61 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N Digital Realty Trust Inc 549300HKCZ31D08NEI41 253868103 247452.00000000 NS USD 32126693.16000000 2.698463023661 Long EC CORP US N 1 N N N Equinix Inc 549300EVUN2BTLJ3GT74 29444U700 78914.00000000 NS USD 51848076.28000000 4.354949200428 Long EC CORP US N 1 N N N iStar Inc QFFLKWYYS3UPWD86E794 45031U101 59781.00000000 NS USD 819597.51000000 0.068841619148 Long EC CORP US N 1 N N N Camden Property Trust 5493002MYX22OHYJBD89 133131102 85416.00000000 NS USD 11486743.68000000 0.964822396391 Long EC CORP US N 1 N N N Universal Health Realty Income Trust 549300L4MWZL4IH6H172 91359E105 11396.00000000 NS USD 606381.16000000 0.050932635063 Long EC CORP US N 1 N N N Alexandria Real Estate Equities Inc MGCJBT4MKTQBVLNUIS88 015271109 132252.00000000 NS USD 19180507.56000000 1.611055646715 Long EC CORP US N 1 N N N Four Corners Property Trust Inc 549300SVTPZPBDVNER42 35086T109 69430.00000000 NS USD 1846143.70000000 0.155065773063 Long EC CORP US N 1 N N N RMR Group Inc/The 549300JP4L34E48UJM16 74967R106 13790.00000000 NS USD 390946.50000000 0.032837325311 Long EC CORP US N 1 N N N Extra Space Storage Inc N/A 30225T102 116404.00000000 NS USD 19802648.48000000 1.663312013711 Long EC CORP US N 1 N N N Centerspace 5493002LG2SH9EEHT720 15202L107 12995.00000000 NS USD 1059742.25000000 0.089012437787 Long EC CORP US N 1 N N N Plymouth Industrial REIT Inc N/A 729640102 31249.00000000 NS USD 548107.46000000 0.046037969312 Long EC CORP US N 1 N N N Healthcare Trust of America Inc 549300L0I14L7I0VLX84 42225P501 192475.00000000 NS USD 5371977.25000000 0.451216124264 Long EC CORP US N 1 N N N CBL & Associates Properties Inc 529900EIVFBRS4PUBZ13 124830878 10909.00000000 NS USD 256252.41000000 0.021523773071 Long EC CORP US N 1 N N N One Liberty Properties Inc 549300QII1CQZGZBZR14 682406103 14726.00000000 NS USD 382581.48000000 0.032134710291 Long EC CORP US N 1 N N N SITE Centers Corp W2AVA6SODOQ1LCYJQR54 82981J109 165878.00000000 NS USD 2234376.66000000 0.187675176150 Long EC CORP US N 1 N N N Easterly Government Properties Inc 549300ERMCEFC6S8HL77 27616P103 71399.00000000 NS USD 1359436.96000000 0.114185121739 Long EC CORP US N 1 N N N LXP Industrial Trust 549300S4MH2ICXDBFV43 529043101 249241.00000000 NS USD 2676848.34000000 0.224840329176 Long EC CORP US N 1 N N N Brixmor Property Group Inc 5299007UXW6Y0W2EGZ95 11120U105 259842.00000000 NS USD 5251406.82000000 0.441088880682 Long EC CORP US N 1 N N N Broadstone Net Lease Inc 549300U8D7PT70B49V21 11135E203 142191.00000000 NS USD 2916337.41000000 0.244956075193 Long EC CORP US N 1 N N N LTC Properties Inc 549300NRZP8IJG2KY677 502175102 34162.00000000 NS USD 1311479.18000000 0.110156935726 Long EC CORP US N 1 N N N National Storage Affiliates Trust N/A 637870106 75585.00000000 NS USD 3784540.95000000 0.317880329738 Long EC CORP US N 1 N N N Terreno Realty Corp N/A 88146M101 65530.00000000 NS USD 3651986.90000000 0.306746528921 Long EC CORP US N 1 N N N Welltower Inc T6IZ0MBEG5ACZDTR7D06 95040Q104 389017.00000000 NS USD 32035549.95000000 2.690807502415 Long EC CORP US N 1 N N N Cousins Properties Inc 5493007XPYD5EJABN062 222795502 129013.00000000 NS USD 3771049.99000000 0.316747164350 Long EC CORP US N 1 N N N Opendoor Technologies Inc 254900KX11YZ4HV5BQ47 683712103 350751.00000000 NS USD 1652037.21000000 0.138761910623 Long EC CORP US N 1 N N N Retail Opportunity Investments Corp N/A 76131N101 107038.00000000 NS USD 1689059.64000000 0.141871588233 Long EC CORP US N 1 N N N Kimco Realty Corp 549300EA7I6T15IBYS12 49446R109 536344.00000000 NS USD 10603520.88000000 0.890636607782 Long EC CORP US N 1 N N N Healthcare Realty Trust Inc 549300CB86LH2IOKHH22 421946104 131126.00000000 NS USD 3566627.20000000 0.299576790255 Long EC CORP US N 1 N N N Kite Realty Group Trust N/A 49803T300 189836.00000000 NS USD 3282264.44000000 0.275691904582 Long EC CORP US N 1 N N N Ryman Hospitality Properties Inc 529900GCCWW9SRMPJR11 78377T107 45646.00000000 NS USD 3470465.38000000 0.291499733763 Long EC CORP US N 1 N N N PS Business Parks Inc N/A 69360J107 17967.00000000 NS USD 3362524.05000000 0.282433264136 Long EC CORP US N 1 N N N Acadia Realty Trust N/A 004239109 78452.00000000 NS USD 1225420.24000000 0.102928464800 Long EC CORP US N 1 N N N Jones Lang LaSalle Inc 6SYKCME112RT8TQUO411 48020Q107 43317.00000000 NS USD 7574410.62000000 0.636208242233 Long EC CORP US N 1 N N N Industrial Logistics Properties Trust 5493004XH9PJW009HR47 456237106 56942.00000000 NS USD 801743.36000000 0.067341970138 Long EC CORP US N 1 N N N Sun Communities Inc 549300H5GEOJYN41ZG57 866674104 100873.00000000 NS USD 16075121.28000000 1.350220520951 Long EC CORP US N 1 N N N DigitalBridge Group Inc 549300XG87L902AGBO89 25401T108 497415.00000000 NS USD 2427385.20000000 0.203886816914 Long EC CORP US N 1 N N N CBRE Group Inc 52990016II9MJ2OSWA10 12504L109 291041.00000000 NS USD 21423528.01000000 1.799456853011 Long EC CORP US N 1 N N N Community Healthcare Trust Inc 549300FATSRCMKOV9536 20369C106 20746.00000000 NS USD 751212.66000000 0.063097673197 Long EC CORP US N 1 N N N National Retail Properties Inc 5493008JKH5SOTI0JS97 637417106 152971.00000000 NS USD 6577753.00000000 0.552494561481 Long EC CORP US N 1 N N N Veris Residential Inc N/A 554489104 67793.00000000 NS USD 897579.32000000 0.075391656208 Long EC CORP US N 1 N N N CubeSmart N/A 229663109 195078.00000000 NS USD 8333732.16000000 0.699987016119 Long EC CORP US N 1 N N N Gladstone Commercial Corp 529900EVVV534W8R0T32 376536108 33124.00000000 NS USD 624056.16000000 0.052417236472 Long EC CORP US N 1 N N N Marcus & Millichap Inc 549300B2HE8ULXNB1N48 566324109 22189.00000000 NS USD 820771.11000000 0.068940195002 Long EC CORP US N 1 N N N First Industrial Realty Trust Inc N/A 32054K103 114861.00000000 NS USD 5453600.28000000 0.458072003493 Long EC CORP US N 1 N N N Ventas Inc ORQTRC074CWLT3DKHT41 92276F100 347599.00000000 NS USD 17877016.57000000 1.501569674391 Long EC CORP US N 1 N N N Global Medical REIT Inc 549300HFRIPQDYU3GU60 37954A204 54165.00000000 NS USD 608272.95000000 0.051091534870 Long EC CORP US N 1 N N N STORE Capital Corp 5493004EA6C9IHDZ7N66 862121100 213906.00000000 NS USD 5578668.48000000 0.468577034666 Long EC CORP US N 1 N N N St Joe Co/The 529900XVHOT3BF8PWG49 790148100 28093.00000000 NS USD 1111359.08000000 0.093347963590 Long EC CORP US N 1 N N N Equity Commonwealth 549300YPGVU9PR4L0606 294628102 98032.00000000 NS USD 2698820.96000000 0.226685906693 Long EC CORP US N 1 N N N Brandywine Realty Trust 5UZ46ZCYUFYYAC0DS831 105368203 148164.00000000 NS USD 1428300.96000000 0.119969313617 Long EC CORP US N 1 N N N Physicians Realty Trust 549300ITOVH0OY7PZC34 71943U104 195995.00000000 NS USD 3420112.75000000 0.287270393708 Long EC CORP US N 1 N N N Global Net Lease Inc 549300NUYANCT5SU8Z65 379378201 89957.00000000 NS USD 1273791.12000000 0.106991348909 Long EC CORP US N 1 N N N Phillips Edison & Co Inc 549300JPN4YHYPXTJQ85 71844V201 98897.00000000 NS USD 3304148.77000000 0.277530066232 Long EC CORP US N 1 N N N Summit Hotel Properties Inc 254900OBQWJK6X20LS71 866082100 92884.00000000 NS USD 675266.68000000 0.056718634501 Long EC CORP US N 1 N N N VICI Properties Inc 254900RKH6RY9KCJQH63 925652109 837373.00000000 NS USD 24945341.67000000 2.095269555875 Long EC CORP US N 1 N N N Spirit Realty Capital Inc 549300LTU6LVPZSHMJ25 84860W300 111319.00000000 NS USD 4205631.82000000 0.353249613985 Long EC CORP US N 1 N N N American Campus Communities Inc 529900MR3ZXRO3W6UX26 024835100 122511.00000000 NS USD 7898284.17000000 0.663411813876 Long EC CORP US N 1 N N N Uniti Group Inc 549300V3NU625PJUVA84 91325V108 204781.00000000 NS USD 1929037.02000000 0.162028349566 Long EC CORP US N 1 N N N Public Storage 549300LMZF40TKJ6DM64 74460D109 137076.00000000 NS USD 42859552.92000000 3.599963375915 Long EC CORP US N 1 N N N Medical Properties Trust Inc 254900U6E39J1MQCCY14 58463J304 519236.00000000 NS USD 7928733.72000000 0.665969406229 Long EC CORP US N 1 N N N Forestar Group Inc 549300BC2UB0GHV60V70 346232101 16711.00000000 NS USD 228773.59000000 0.019215705467 Long EC CORP US N 1 N N N Urban Edge Properties N/A 91704F104 101760.00000000 NS USD 1547769.60000000 0.130004012985 Long EC CORP US N 1 N N N Alexander's Inc 549300TZM28P04U5R635 014752109 1954.00000000 NS USD 434100.64000000 0.036462032359 Long EC CORP US N 1 N N N Cushman & Wakefield PLC N/A G2717B108 127541.00000000 NS USD 1943724.84000000 0.163262044518 Long EC CORP US N 1 N N N National Health Investors Inc 549300ZPKZIG6DKDEC02 63633D104 39918.00000000 NS USD 2419429.98000000 0.203218622808 Long EC CORP US N 1 N N N Americold Realty Trust Inc 549300R7N1V5YV8MWH02 03064D108 233376.00000000 NS USD 7010615.04000000 0.588852558349 Long EC CORP US N 1 N N N N/A N/A N/A 33.00000000 NC USD -6772.73000000 -0.00056887154 N/A DE N/A N 1 MORGAN STANLEY & CO LLC 9R7GPTSO7KV3UQJZQ078 Long DJ US REAL ESTATE INDEX DJUSRE 2022-09-16 1184542.73000000 USD -6772.73000000 N N N Healthpeak Properties Inc PZ9HF5U52KPF0MH0QN75 42250P103 469564.00000000 NS USD 12166403.24000000 1.021910008309 Long EC CORP US N 1 N N N Highwoods Properties Inc ZIIGTYKL9T0X3HLTDX53 431284108 91026.00000000 NS USD 3112178.94000000 0.261405671314 Long EC CORP US N 1 N N N Pebblebrook Hotel Trust 5493004Q1NNH6JXCSI52 70509V100 113977.00000000 NS USD 1888598.89000000 0.158631772209 Long EC CORP US N 1 N N N Weyerhaeuser Co 08IRJODWFYBI7QWRGS31 962166104 649202.00000000 NS USD 21501570.24000000 1.806011965014 Long EC CORP US N 1 N N N Saul Centers Inc N/A 804395101 12456.00000000 NS USD 586802.16000000 0.049288108274 Long EC CORP US N 1 N N N Xenia Hotels & Resorts Inc 54930075IWIPHF5IQL62 984017103 98946.00000000 NS USD 1437685.38000000 0.120757552551 Long EC CORP US N 1 N N N Independence Realty Trust Inc 549300Z3L8NU44NQEB29 45378A106 192342.00000000 NS USD 3987249.66000000 0.334906730675 Long EC CORP US N 1 N N N Kilroy Realty Corp 549300CXXI18B214UN80 49427F108 91578.00000000 NS USD 4792276.74000000 0.402524514976 Long EC CORP US N 1 N N N Chatham Lodging Trust N/A 16208T102 40128.00000000 NS USD 419337.60000000 0.035222019346 Long EC CORP US N 1 N N N Vector Group Ltd 549300TUIF4WWN6NDN50 25961D105 62893.00000000 NS USD 301257.47000000 0.025303947074 Long EC CORP US N 1 N N N Service Properties Trust 529900IS770AG1K9QG27 81761L102 145260.00000000 NS USD 759709.80000000 0.063811385560 Long EC CORP US N 1 N N N Equity Residential 5493008RACSH5EP3PI59 29476L107 310650.00000000 NS USD 22435143.00000000 1.884426869411 Long EC CORP US N 1 N N N SL Green Realty Corp 549300VQZPJU97H3GT17 78440X887 56117.00000000 NS USD 2589799.55000000 0.217528716371 Long EC CORP US N 1 N N N Office Properties Income Trust N/A 67623C109 41562.00000000 NS USD 829161.90000000 0.069644974558 Long EC CORP US N 1 N N N CareTrust REIT Inc 5493001NVXE2B9GPLU96 14174T107 83925.00000000 NS USD 1547577.00000000 0.129987835659 Long EC CORP US N 1 N N N Getty Realty Corp N/A 374297109 34141.00000000 NS USD 904736.50000000 0.075992819405 Long EC CORP US N 1 N N N Hudson Pacific Properties Inc N/A 444097109 131045.00000000 NS USD 1944707.80000000 0.163344607675 Long EC CORP US N 1 N N N PotlatchDeltic Corp 54930084YA8UJOTXDM59 737630103 60243.00000000 NS USD 2662138.17000000 0.223604756949 Long EC CORP US N 1 N N N Outfront Media Inc 549300RZWDYU5722I639 69007J106 107805.00000000 NS USD 1827294.75000000 0.153482566401 Long EC CORP US N 1 N N N Alexander & Baldwin Inc N/A 014491104 62797.00000000 NS USD 1127206.15000000 0.094679029076 Long EC CORP US N 1 N N N Safehold Inc 549300MHMP6BIE0XV355 78645L100 14971.00000000 NS USD 529524.27000000 0.044477085008 Long EC CORP US N 1 N N N NexPoint Residential Trust Inc 549300U2J6XVYBF87166 65341D102 20069.00000000 NS USD 1254513.19000000 0.105372110321 Long EC CORP US N 1 N N N WeWork Inc N/A 96209A104 152498.00000000 NS USD 765539.96000000 0.064301086479 Long EC CORP US N 1 N N Vanguard Cmt Funds-Vanguard Market Liquidity Fund 1I6HV0TLSTR3A4XQ6L78 N/A 0.00700000 NS USD 0.70000000 0.000000058796 Long STIV CORP US N 1 N N N STAG Industrial Inc 549300QWYX2W6FASVQ07 85254J102 154473.00000000 NS USD 4770126.24000000 0.400663996531 Long EC CORP US N 1 N N N EPR Properties 549300YSSXFHMPOWZ492 26884U109 64987.00000000 NS USD 3049839.91000000 0.256169540519 Long EC CORP US N 1 N N N Macerich Co/The 529900PSWCB5KI0JYU46 554382101 184568.00000000 NS USD 1607587.28000000 0.135028364443 Long EC CORP US N 1 N N N Sabra Health Care REIT Inc 549300E3BC7GU7TAZ621 78573L106 201599.00000000 NS USD 2816338.03000000 0.236556685066 Long EC CORP US N 1 N N N WP Carey Inc 54930042CRNE713E3Q67 92936U109 165719.00000000 NS USD 13731476.34000000 1.153367418776 Long EC CORP US N 1 N N N Boston Properties Inc 549300OF70FSEUQBT254 101121101 129565.00000000 NS USD 11528693.70000000 0.968345964075 Long EC CORP US N 1 N N N Apartment Investment and Management Co 549300O8FT5GJ4RU1D57 03748R747 130954.00000000 NS USD 838105.60000000 0.070396195470 Long EC CORP US N 1 N N N Crown Castle International Corp 54930012H97VSM0I2R19 22822V101 375921.00000000 NS USD 63297577.98000000 5.316643478234 Long EC CORP US N 1 N N N Sunstone Hotel Investors Inc 529900ZQ2V52V96ATF67 867892101 190084.00000000 NS USD 1885633.28000000 0.158382677511 Long EC CORP US N 1 N N N Piedmont Office Realty Trust Inc N/A 720190206 106944.00000000 NS USD 1403105.28000000 0.117853017038 Long EC CORP US N 1 N N N Offerpad Solutions Inc N/A 67623L109 49631.00000000 NS USD 108195.58000000 0.009087825208 Long EC CORP US N 1 N N N Vornado Realty Trust N/A 929042109 142388.00000000 NS USD 4070872.92000000 0.341930618066 Long EC CORP US N 1 N N N RLJ Lodging Trust N/A 74965L101 144359.00000000 NS USD 1592279.77000000 0.133742618988 Long EC CORP US N 1 N N N Apartment Income REIT Corp N/A 03750L109 136721.00000000 NS USD 5687593.60000000 0.477726137165 Long EC CORP US N 1 N N N Innovative Industrial Properties Inc 5493008BQ0545EZXRR30 45781V101 22385.00000000 NS USD 2459439.95000000 0.206579237114 Long EC CORP US N 1 N N N Douglas Emmett Inc N/A 25960P109 152378.00000000 NS USD 3410219.64000000 0.286439427652 Long EC CORP US N 1 N N N Washington Real Estate Investment Trust 549300DI34BGS8LVKW95 939653101 76094.00000000 NS USD 1621563.14000000 0.136202258727 Long EC CORP US N 1 N N N Corporate Office Properties Trust YY1J47X6LF9TYY8JY420 22002T108 97450.00000000 NS USD 2552215.50000000 0.214371865814 Long EC CORP US N 1 N N N JBG SMITH Properties N/A 46590V100 99597.00000000 NS USD 2354473.08000000 0.197762605536 Long EC CORP US N 1 N N N Mid-America Apartment Communities Inc 549300FQZKFR5YNSHZ21 59522J103 100318.00000000 NS USD 17522545.06000000 1.471796044783 Long EC CORP US N 1 N N N Spirit MTA REIT 5493001XMVHW4G48PP41 848ESC018 42040.00000000 NS USD 11249.90000000 0.000944928848 Long EC CORP US N 3 N N N UMH Properties Inc 529900OM5K3PJ11F0Q09 903002103 43231.00000000 NS USD 763459.46000000 0.064126336084 Long EC CORP US N 1 N N N Apple Hospitality REIT Inc 549300EVZAR0FBZO4F16 03784Y200 187971.00000000 NS USD 2757534.57000000 0.231617522430 Long EC CORP US N 1 N N N Seritage Growth Properties 5493003CJFC2MM82WB25 81752R100 30224.00000000 NS USD 157467.04000000 0.013226353013 Long EC CORP US N 1 N N N RPT Realty 549300T03GDH1L37S188 74971D101 74393.00000000 NS USD 731283.19000000 0.061423708883 Long EC CORP US N 1 N N N Federal Realty OP LP 549300LI6XZ51GOCJ427 313745101 61650.00000000 NS USD 5902371.00000000 0.495766240742 Long EC CORP US N 1 N N N Armada Hoffler Properties Inc 549300WQRSIV6XZT9313 04208T108 59283.00000000 NS USD 761193.72000000 0.063936026563 Long EC CORP US N 1 N N N Park Hotels & Resorts Inc 5493005UZ5TQN0H6HS73 700517105 204913.00000000 NS USD 2780669.41000000 0.233560719945 Long EC CORP US N 1 N N N Gladstone Land Corp 54930002B3Q17H38FG74 376549101 28668.00000000 NS USD 635282.88000000 0.053360218330 Long EC CORP US N 1 N N N NETSTREIT Corp 254900CJL0EDMEQ25Q84 64119V303 37943.00000000 NS USD 715984.41000000 0.060138696699 Long EC CORP US N 1 N N N American Homes 4 Rent 549300ZJUO7A58PNUW40 02665T306 272261.00000000 NS USD 9648929.84000000 0.810456285104 Long EC CORP US N 1 N N N Realty Income Corp 549300CUWDAUZSH43859 756109104 514167.00000000 NS USD 35097039.42000000 2.947955540994 Long EC CORP US N 1 N N N Gaming and Leisure Properties Inc 5493006GWRDBCZYWTM57 36467J108 204660.00000000 NS USD 9385707.60000000 0.788347085190 Long EC CORP US N 1 N N N Rayonier Inc HGV8VDVNL0W6SF2U9C50 754907103 126345.00000000 NS USD 4722776.10000000 0.396686848889 Long EC CORP US N 1 N N N eXp World Holdings Inc 549300TWVVZC283VEC32 30212W100 57908.00000000 NS USD 681577.16000000 0.057248679622 Long EC CORP US N 1 N N N Iron Mountain Inc SQL3F6CKNNBM3SQGHX24 46284V101 252253.00000000 NS USD 12282198.57000000 1.031636170126 Long EC CORP US N 1 N N N Bluerock Residential Growth REIT Inc 549300KWLV0TGICOUU26 09627J102 25290.00000000 NS USD 664874.10000000 0.055845715751 Long EC CORP US N 1 N N N City Office REIT Inc 5493003J7157VP25NL57 178587101 37066.00000000 NS USD 480004.70000000 0.040317717347 Long EC CORP US N 1 N N N Life Storage Inc W9EE01AFDDF9DQCQZC68 53223X107 72896.00000000 NS USD 8139567.36000000 0.683678255965 Long EC CORP US N 1 N N N Duke Realty Corp 254900E47KH1NFFKNF25 264411505 332786.00000000 NS USD 18286590.70000000 1.535971616718 Long EC CORP US N 1 N N N Newmark Group Inc N/A 65158N102 165616.00000000 NS USD 1601506.72000000 0.134517631321 Long EC CORP US N 1 N N N Franklin Street Properties Corp 549300STLK2T6QY5WO82 35471R106 88560.00000000 NS USD 369295.20000000 0.031018736881 Long EC CORP US N 1 N N N American Assets Trust Inc N/A 024013104 44714.00000000 NS USD 1328005.80000000 0.111545079621 Long EC CORP US N 1 N N N Equity LifeStyle Properties Inc 529900PEQG66LENB6798 29472R108 153626.00000000 NS USD 10826024.22000000 0.909325647225 Long EC CORP US N 1 N N N Essential Properties Realty Trust Inc 2549009LXQLVYCGLZO50 29670E107 109619.00000000 NS USD 2355712.31000000 0.197866693943 Long EC CORP US N 1 N N N Host Hotels & Resorts Inc N6EL63S0K3PB1YFTDI24 44107P104 621704.00000000 NS USD 9748318.72000000 0.818804396636 Long EC CORP US N 1 N N N UDR Inc P3CH2EG5X6Z1XWU1OO74 902653104 276674.00000000 NS USD 12738070.96000000 1.069926908043 Long EC CORP US N 1 N N N Agree Realty Corp N/A 008492100 61983.00000000 NS USD 4470833.79000000 0.375525100176 Long EC CORP US N 1 N N N RE/MAX Holdings Inc 54930033W2KS56JHAN30 75524W108 16564.00000000 NS USD 406149.28000000 0.034114274030 Long EC CORP US N 1 N N N Essex Property Trust Inc 549300TR2H2VEFX0NC60 297178105 56793.00000000 NS USD 14851937.43000000 1.247479900436 Long EC CORP US N 1 N N N Zillow Group Inc 2549002XEELQDIR6FU05 98954M101 53136.00000000 NS USD 1690256.16000000 0.141972089239 Long EC CORP US N 1 N N N Howard Hughes Corp/The 549300BVHY25JZC1KI49 44267D107 35835.00000000 NS USD 2438571.75000000 0.204826424716 Long EC CORP US N 1 N N N Redfin Corp 549300HXWD3JEMZU3O57 75737F108 82550.00000000 NS USD 680212.00000000 0.057134013796 Long EC CORP US N 1 N N N EastGroup Properties Inc 31TIGQQZC4P6JMHKSW85 277276101 35921.00000000 NS USD 5543687.93000000 0.465638863586 Long EC CORP US N 1 N N N Zillow Group Inc 2549002XEELQDIR6FU05 98954M200 143622.00000000 NS USD 4559998.50000000 0.383014438458 Long EC CORP US N 1 N N N Omega Healthcare Investors Inc 549300OJ7ENK42CZ8E73 681936100 208125.00000000 NS USD 5867043.75000000 0.492798948797 Long EC CORP US N 1 N N N Diversified Healthcare Trust N/A 25525P107 211854.00000000 NS USD 385574.28000000 0.032386088797 Long EC CORP US N 1 N N N Empire State Realty Trust Inc 549300VOKY1DUEQSB456 292104106 124617.00000000 NS USD 876057.51000000 0.073583944216 Long EC CORP US N 1 N N N Simon Property Group Inc 529900GQL5X8H7AO3T64 828806109 285927.00000000 NS USD 27140190.84000000 2.279624643349 Long EC CORP US N 1 N N N Doma Holdings Inc N/A 25703A104 83752.00000000 NS USD 86264.56000000 0.007245741858 Long EC CORP US N 1 N N N SBA Communications Corp 5299001HX8ZN8Y8QIT49 78410G104 94615.00000000 NS USD 30281530.75000000 2.543479673484 Long EC CORP US N 1 N N N Compass Inc N/A 20464U100 194672.00000000 NS USD 702765.92000000 0.059028417271 Long EC CORP US N 1 N N American Tower Corp 5493006ORUSIL88JOE18 03027X100 396524.00000000 NS USD 101347569.16000000 8.512630495588 Long EC CORP US N 1 N N N DiamondRock Hospitality Co 529900KKD4BPVBUAQ734 252784301 182656.00000000 NS USD 1499605.76000000 0.125958519081 Long EC CORP US N 1 N N N Rexford Industrial Realty Inc 549300MSLO0DF0EMX355 76169C100 139424.00000000 NS USD 8029428.16000000 0.674427177518 Long EC CORP US N 1 N N N Urstadt Biddle Properties Inc 549300XXD0YL0AER3Z82 917286205 26700.00000000 NS USD 432540.00000000 0.036330947304 Long EC CORP US N 1 N N N Invitation Homes Inc N/A 46187W107 528178.00000000 NS USD 18792573.24000000 1.578471327722 Long EC CORP US N 1 N N N Vanguard Cmt Funds-Vanguard Market Liquidity Fund 1I6HV0TLSTR3A4XQ6L78 N/A 10616.53600000 NS USD 1061335.10000000 0.089146228303 Long STIV CORP US N 1 N N Regency Centers Corp 529900053A7X7FJ97S58 758849103 134247.00000000 NS USD 7962189.57000000 0.668779511013 Long EC CORP US N 1 N N N InvenTrust Properties Corp 5493006BQYSOBYVUFA03 46124J201 58138.00000000 NS USD 1499379.02000000 0.125939474186 Long EC CORP US N 1 N N N Paramount Group Inc N/A 69924R108 152903.00000000 NS USD 1105488.69000000 0.092854883575 Long EC CORP US N 1 N N N Kennedy-Wilson Holdings Inc 549300MOI1T78144X610 489398107 107522.00000000 NS USD 2036466.68000000 0.171051841766 Long EC CORP US N 1 N N N Tanger Factory Outlet Centers Inc UKEW8YSXE4Y581KYOL30 875465106 90202.00000000 NS USD 1282672.44000000 0.107737330249 Long EC CORP US N 1 N N N FRP Holdings Inc N/A 30292L107 5472.00000000 NS USD 330235.20000000 0.027737914757 Long EC CORP US N 1 N N N Prologis Inc 529900DFH19P073LZ636 74340W103 643684.00000000 NS USD 75729422.60000000 6.360849081839 Long EC CORP US N 1 N N N AvalonBay Communities Inc K9G90K85RBWD2LAGQX17 053484101 121574.00000000 NS USD 23615749.50000000 1.983591230022 Long EC CORP US N 1 N N N Anywhere Real Estate Inc 5493004HBTOTE9DI9P12 75605Y106 101839.00000000 NS USD 1001077.37000000 0.084084915098 Long EC CORP US N 1 N N N Lamar Advertising Co 529900Y8WW4MKVPTB543 512816109 75629.00000000 NS USD 6653083.13000000 0.558821872211 Long EC CORP US N 1 N N N Necessity Retail REIT Inc/The 549300GN4H0K3IUS8983 02607T109 112232.00000000 NS USD 817048.96000000 0.068627555164 Long EC CORP US N 1 N N N Orion Office REIT Inc N/A 68629Y103 49967.00000000 NS USD 547638.32000000 0.045998564169 Long EC CORP US N 1 N N N 2022-08-26 VANGUARD VARIABLE INSURANCE FUNDS Ashley Grim Ashley Grim Treasurer