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          <ccc>XXXXXXXX</ccc>
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      <regZipOrPostalCode>60603</regZipOrPostalCode>
      <regPhone>800-595-9111</regPhone>
      <seriesName>Northern Global Real Estate Index Fund</seriesName>
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      <repPdEnd>2022-03-31</repPdEnd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Derwent London Plc</name>
        <lei>213800BXKQ9KZNUR1M61</lei>
        <title>Derwent London Plc ORD GBP0.05</title>
        <cusip>G27300105</cusip>
        <identifiers>
          <isin value="GB0002652740"/>
          <ticker value="DWVYF"/>
        </identifiers>
        <balance>70906</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>3275718</valUSD>
        <pctVal>0.2064290864</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>Uk Commercial Property Reit Ltd</name>
        <lei>213800JN4FQ1A9G8EU25</lei>
        <title>Uk Commercial Property Reit Ltd ORD GBP0.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B19Z2J52"/>
          <ticker value="UKCM"/>
        </identifiers>
        <balance>543366</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>548664.97</valUSD>
        <pctVal>0.0345757506</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>Safestore Holdings Plc</name>
        <lei>213800WGA3YSJC1YOH73</lei>
        <title>Safestore Holdings Plc ORD GBP0.01</title>
        <cusip>G77733106</cusip>
        <identifiers>
          <isin value="GB00B1N7Z094"/>
          <ticker value="SFSHF"/>
        </identifiers>
        <balance>146914</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>2798917.53</valUSD>
        <pctVal>0.1763820904</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>Shaftesbury Plc</name>
        <lei>213800N7LHKFNTDKAT98</lei>
        <title>Shaftesbury Plc ORD GBP0.25</title>
        <cusip>G80603106</cusip>
        <identifiers>
          <isin value="GB0007990962"/>
          <ticker value="SHABF"/>
        </identifiers>
        <balance>133065</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>1108025.23</valUSD>
        <pctVal>0.0698254965</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>SC Asset Corporation Public Company Limited</name>
        <lei>N/A</lei>
        <title>SC Asset Corporation Public Company Limited THB1 (NVDR)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0747010R14"/>
          <ticker value="SC-R"/>
        </identifiers>
        <balance>332924</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.405"/>
        <valUSD>33459.12</valUSD>
        <pctVal>0.0021085257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Retail Opportunity Investments Corp</name>
        <lei>N/A</lei>
        <title>Retail Opportunity Investments Corp COM STK USD0.0001</title>
        <cusip>76131N101</cusip>
        <identifiers>
          <isin value="US76131N1019"/>
          <ticker value="ROIC"/>
        </identifiers>
        <balance>84806</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1662197.6</valUSD>
        <pctVal>0.1047483123</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>Altarea SCA</name>
        <lei>969500ICGCY1PD6OT783</lei>
        <title>Altarea SCA NPV</title>
        <cusip>F0261X121</cusip>
        <identifiers>
          <isin value="FR0000033219"/>
          <ticker value="ATRRF"/>
        </identifiers>
        <balance>2831</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>540260.7</valUSD>
        <pctVal>0.0340461306</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>Charter Hall Retai</name>
        <lei>N/A</lei>
        <title>Charter Hall Retai UNITS NPV</title>
        <cusip>Q2308D108</cusip>
        <identifiers>
          <isin value="AU000000CQR9"/>
          <ticker value="CQR"/>
        </identifiers>
        <balance>366907</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>1137538.53</valUSD>
        <pctVal>0.0716853647</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>Prestige Estate Projects Limited</name>
        <lei>335800HHEBP52VZLTU94</lei>
        <title>Prestige Estate Projects Limited INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE811K01011"/>
          <ticker value="PRESTIGE"/>
        </identifiers>
        <balance>99964</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.33565"/>
        <valUSD>631938.97</valUSD>
        <pctVal>0.0398235087</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>Oberoi Realty Ltd</name>
        <lei>335800TCKG1XQXN51L44</lei>
        <title>Oberoi Realty Ltd INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE093I01010"/>
          <ticker value="OBEROIRLTY"/>
        </identifiers>
        <balance>90038</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.33565"/>
        <valUSD>1044088.31</valUSD>
        <pctVal>0.0657963219</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>NorthWest Healthcare Properties REIT</name>
        <lei>N/A</lei>
        <title>NorthWest Healthcare Properties REIT UNITS</title>
        <cusip>667495105</cusip>
        <identifiers>
          <isin value="CA6674951059"/>
          <ticker value="NWHUF"/>
        </identifiers>
        <balance>72468</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>791164.14</valUSD>
        <pctVal>0.0498575551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aims Apac Reit</name>
        <lei>549300MGNQOBQ3KVN734</lei>
        <title>Aims Apac Reit UNITS REIT</title>
        <cusip>Y0029Z136</cusip>
        <identifiers>
          <isin value="SG2D63974620"/>
          <ticker value="ACIRF"/>
        </identifiers>
        <balance>352900</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>379752.63</valUSD>
        <pctVal>0.0239312384</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>Shopping Centres Australasia Property Group RE Limited</name>
        <lei>549300MS6NZV0B7K7D28</lei>
        <title>Shopping Centres Australasia Property Group RE Limited NPV (STAPLED)</title>
        <cusip>Q8501T105</cusip>
        <identifiers>
          <isin value="AU000000SCP9"/>
          <ticker value="SCPAF"/>
        </identifiers>
        <balance>752821</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>1627268.11</valUSD>
        <pctVal>0.1025471268</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>UTD Development Co</name>
        <lei>N/A</lei>
        <title>UTD Development Co QAR1</title>
        <cusip>M9405E107</cusip>
        <identifiers>
          <isin value="QA000A0KD6M9"/>
          <ticker value="UDCD"/>
        </identifiers>
        <balance>1189543</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.64175"/>
        <valUSD>502985.1</valUSD>
        <pctVal>0.0316970981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pebblebrook Hotel Trust</name>
        <lei>5493004Q1NNH6JXCSI52</lei>
        <title>Pebblebrook Hotel Trust COM USD0.01 SBI</title>
        <cusip>70509V100</cusip>
        <identifiers>
          <isin value="US70509V1008"/>
          <ticker value="PEB"/>
        </identifiers>
        <balance>92237</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2063341.69</valUSD>
        <pctVal>0.1300275970</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>Terreno Realty Corporation</name>
        <lei>N/A</lei>
        <title>Terreno Realty Corporation COM USD0.01</title>
        <cusip>88146M101</cusip>
        <identifiers>
          <isin value="US88146M1018"/>
          <ticker value="TRNO"/>
        </identifiers>
        <balance>49173</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4193965.17</valUSD>
        <pctVal>0.2642951555</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>ARA LOGOS Logistics Trust</name>
        <lei>529900J4YL3CYGKS5I45</lei>
        <title>ARA LOGOS Logistics Trust NPV (REAL ESTATE INVESTMENT TRUST)</title>
        <cusip>Y1072M105</cusip>
        <identifiers>
          <isin value="SG1Z70955880"/>
          <ticker value="CHLTF"/>
        </identifiers>
        <balance>925865</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>618290.05</valUSD>
        <pctVal>0.0389633815</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>Chatham Lodging Tr</name>
        <lei>N/A</lei>
        <title>Chatham Lodging Tr COM USD0.01</title>
        <cusip>16208T102</cusip>
        <identifiers>
          <isin value="US16208T1025"/>
          <ticker value="CLDT"/>
        </identifiers>
        <balance>34537</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>473847.64</valUSD>
        <pctVal>0.0298609146</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>Mapletree Industri</name>
        <lei>549300R7WZFHXNKDJF41</lei>
        <title>Mapletree Industri NPV (REIT)</title>
        <cusip>Y5759S103</cusip>
        <identifiers>
          <isin value="SG2C32962814"/>
          <ticker value="MAPIF"/>
        </identifiers>
        <balance>1387032</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>2790661.03</valUSD>
        <pctVal>0.1758617826</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>Mapletree Commercial Trust Treasury Company Pte Ltd</name>
        <lei>549300BF18K4IC5LZ208</lei>
        <title>Mapletree Commercial Trust Treasury Company Pte Ltd NPV(REAL ESTATE INVESTMENT TRUSTS)REG S</title>
        <cusip>Y5759T101</cusip>
        <identifiers>
          <isin value="SG2D18969584"/>
          <ticker value="MPCMF"/>
        </identifiers>
        <balance>1509254</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>2239913.92</valUSD>
        <pctVal>0.1411548198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIFI Holdings Group Co Ltd</name>
        <lei>549300WGKSV867C0JF48</lei>
        <title>CIFI Holdings Group Co Ltd HKD0.10</title>
        <cusip>G2140A107</cusip>
        <identifiers>
          <isin value="KYG2140A1076"/>
          <ticker value="CFFHF"/>
        </identifiers>
        <balance>2453993</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>1476224.01</valUSD>
        <pctVal>0.0930286348</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>American Homes 4 Rent</name>
        <lei>549300ZJUO7A58PNUW40</lei>
        <title>American Homes 4 Rent COM USD0.01 'A'</title>
        <cusip>02665T306</cusip>
        <identifiers>
          <isin value="US02665T3068"/>
          <ticker value="AMH"/>
        </identifiers>
        <balance>202318</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8823087.98</valUSD>
        <pctVal>0.5560130605</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>Boston Properties, Inc.</name>
        <lei>549300OF70FSEUQBT254</lei>
        <title>Boston Properties, Inc. COM USD0.01</title>
        <cusip>101121101</cusip>
        <identifiers>
          <isin value="US1011211018"/>
          <ticker value="BXP"/>
        </identifiers>
        <balance>103495</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11920554.1</valUSD>
        <pctVal>0.7512090759</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>Omega Healthcare Investors, Inc.</name>
        <lei>549300OJ7ENK42CZ8E73</lei>
        <title>Omega Healthcare Investors, Inc. COM STK USD0.10</title>
        <cusip>681936100</cusip>
        <identifiers>
          <isin value="US6819361006"/>
          <ticker value="OHI"/>
        </identifiers>
        <balance>166546</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4928096.14</valUSD>
        <pctVal>0.3105585962</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>Ingenia Communities Group</name>
        <lei>N/A</lei>
        <title>Ingenia Communities Group NPV (UNITS)</title>
        <cusip>Q4912D185</cusip>
        <identifiers>
          <isin value="AU000000INA9"/>
          <ticker value="INGEF"/>
        </identifiers>
        <balance>253631</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>1149150.38</valUSD>
        <pctVal>0.0724171199</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>Arena REIT</name>
        <lei>N/A</lei>
        <title>Arena REIT STAPLED UNITS</title>
        <cusip>Q0540Q101</cusip>
        <identifiers>
          <isin value="AU000000ARF6"/>
          <ticker value="ARF"/>
        </identifiers>
        <balance>241832</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>867636.4</valUSD>
        <pctVal>0.0546766814</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>FRP Holdings Inc</name>
        <lei>N/A</lei>
        <title>FRP Holdings Inc USD0.10</title>
        <cusip>30292L107</cusip>
        <identifiers>
          <isin value="US30292L1070"/>
          <ticker value="FRPH"/>
        </identifiers>
        <balance>4275</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>247095</valUSD>
        <pctVal>0.0155714244</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>Vukile Property Fund Limited</name>
        <lei>549300BDQAETROOTKO37</lei>
        <title>Vukile Property Fund Limited NPV (POST DELINKING)</title>
        <cusip>S9468N170</cusip>
        <identifiers>
          <isin value="ZAE000180865"/>
          <ticker value="VKE"/>
        </identifiers>
        <balance>549548</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.935"/>
        <valUSD>426326.36</valUSD>
        <pctVal>0.0268662202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Apple Hospitality Reit Inc</name>
        <lei>549300EVZAR0FBZO4F16</lei>
        <title>Apple Hospitality Reit Inc COM NPV</title>
        <cusip>03784Y200</cusip>
        <identifiers>
          <isin value="US03784Y2000"/>
          <ticker value="APLE"/>
        </identifiers>
        <balance>151712</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2450148.8</valUSD>
        <pctVal>0.1544033944</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>Nomura Real Estate Master Fund, Inc.</name>
        <lei>353800TNNZOQ1CPZE086</lei>
        <title>Nomura Real Estate Master Fund, Inc. REIT</title>
        <cusip>J589D3119</cusip>
        <identifiers>
          <isin value="JP3048110005"/>
          <ticker value="NMMRF"/>
        </identifiers>
        <balance>2963</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>4167758.28</valUSD>
        <pctVal>0.2626436506</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>Life Storage Inc</name>
        <lei>W9EE01AFDDF9DQCQZC68</lei>
        <title>Life Storage Inc COM USD0.01</title>
        <cusip>53223X107</cusip>
        <identifiers>
          <isin value="US53223X1072"/>
          <ticker value="LSI"/>
        </identifiers>
        <balance>54655</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8372052.9</valUSD>
        <pctVal>0.5275897471</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>Redco Properties Group Limited</name>
        <lei>54930027GMI4T9YDMM54</lei>
        <title>Redco Properties Group Limited HKD0.05</title>
        <cusip>G73310131</cusip>
        <identifiers>
          <isin value="KYG733101318"/>
          <ticker value="1622"/>
        </identifiers>
        <balance>758000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>253719.93</valUSD>
        <pctVal>0.0159889140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nsi N.V.</name>
        <lei>724500I77C30W2LZZJ03</lei>
        <title>Nsi N.V. EUR3.68(POST CONSOLIDATION)</title>
        <cusip>N6S10A115</cusip>
        <identifiers>
          <isin value="NL0012365084"/>
          <ticker value="NIUWF"/>
        </identifiers>
        <balance>14101</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>561976.7</valUSD>
        <pctVal>0.0354146287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jbg Smith Properties</name>
        <lei>549300HHIW6GDQCPEC54</lei>
        <title>Jbg Smith Properties COM USD0.01</title>
        <cusip>46590V100</cusip>
        <identifiers>
          <isin value="US46590V1008"/>
          <ticker value="JBGS"/>
        </identifiers>
        <balance>82619</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2371991.49</valUSD>
        <pctVal>0.1494780797</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>Hulic Reit, Inc.</name>
        <lei>N/A</lei>
        <title>Hulic Reit, Inc. REIT</title>
        <cusip>J2359T109</cusip>
        <identifiers>
          <isin value="JP3047660000"/>
          <ticker value="HUICF"/>
        </identifiers>
        <balance>848</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1275566.98</valUSD>
        <pctVal>0.0803836369</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 REIT Investment Corporation</name>
        <lei>3538004O49OJ90PEXX85</lei>
        <title>Nippon REIT Investment Corporation NPV REIT</title>
        <cusip>J5530Q100</cusip>
        <identifiers>
          <isin value="JP3047750009"/>
          <ticker value="NPRTF"/>
        </identifiers>
        <balance>313</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1115624.25</valUSD>
        <pctVal>0.0703043713</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>Merlin Properties Socimi S.A.</name>
        <lei>959800L8KD863DP30X04</lei>
        <title>Merlin Properties Socimi S.A. EUR1</title>
        <cusip>E7390Z100</cusip>
        <identifiers>
          <isin value="ES0105025003"/>
          <ticker value="MRPRF"/>
        </identifiers>
        <balance>245714</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>2668829.37</valUSD>
        <pctVal>0.1681841992</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>Frasers Hospitality Trust</name>
        <lei>N/A</lei>
        <title>Frasers Hospitality Trust NPV STAPLED UNITS (REIT)</title>
        <cusip>Y2645Q102</cusip>
        <identifiers>
          <isin value="SG1AA5000001"/>
          <ticker value="FRSRF"/>
        </identifiers>
        <balance>566000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>195413.69</valUSD>
        <pctVal>0.0123145733</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>Equity CommonWealth</name>
        <lei>549300YPGVU9PR4L0606</lei>
        <title>Equity CommonWealth USD0.01( BNF INT)</title>
        <cusip>294628102</cusip>
        <identifiers>
          <isin value="US2946281027"/>
          <ticker value="EQC"/>
        </identifiers>
        <balance>84955</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2200334.5</valUSD>
        <pctVal>0.1386606053</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>Healthcare Trust Of America Inc</name>
        <lei>549300L0I14L7I0VLX84</lei>
        <title>Healthcare Trust Of America Inc USD0.01</title>
        <cusip>42225P501</cusip>
        <identifiers>
          <isin value="US42225P5017"/>
          <ticker value="HTA"/>
        </identifiers>
        <balance>152702</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5098719.78</valUSD>
        <pctVal>0.3213109510</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>EQUINIX INC</name>
        <lei>N/A</lei>
        <title>EQUINIX INC</title>
        <cusip>29444U700</cusip>
        <identifiers>
          <isin value="US29444U7000"/>
          <ticker value="EQIX"/>
        </identifiers>
        <balance>62641</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52984263.44</valUSD>
        <pctVal>3.3389605252</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>Pandox AB (publ)</name>
        <lei>549300K4HA8EBLSL3B97</lei>
        <title>Pandox AB (publ) SER'B'NPV</title>
        <cusip>W70174102</cusip>
        <identifiers>
          <isin value="SE0007100359"/>
          <ticker value="PNDXF"/>
        </identifiers>
        <balance>64660</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>1039309.86</valUSD>
        <pctVal>0.0654951937</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>Jiayuan International Group Ltd</name>
        <lei>2549006XE21BJYYKLT79</lei>
        <title>Jiayuan International Group Ltd HKD0.01</title>
        <cusip>G5139G100</cusip>
        <identifiers>
          <isin value="KYG5139G1001"/>
          <ticker value="JYUAF"/>
        </identifiers>
        <balance>1018303</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>343490.36</valUSD>
        <pctVal>0.0216460639</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>Invitation Homes Inc</name>
        <lei>N/A</lei>
        <title>Invitation Homes Inc COM USD0.01</title>
        <cusip>46187W107</cusip>
        <identifiers>
          <isin value="US46187W1071"/>
          <ticker value="INVH"/>
        </identifiers>
        <balance>402304</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18240463.36</valUSD>
        <pctVal>1.1494769044</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>Centuria Industrial Reit</name>
        <lei>N/A</lei>
        <title>Centuria Industrial Reit NPV</title>
        <cusip>Q2227X102</cusip>
        <identifiers>
          <isin value="AU000000CIP0"/>
          <ticker value="CNIEF"/>
        </identifiers>
        <balance>401660</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>1226546.42</valUSD>
        <pctVal>0.0772944609</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>Mirai Corporation</name>
        <lei>353800HQCYM7P10R9D93</lei>
        <title>Mirai Corporation REIT</title>
        <cusip>J4309J108</cusip>
        <identifiers>
          <isin value="JP3048370005"/>
          <ticker value="MIRAF"/>
        </identifiers>
        <balance>1193</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>512465.42</valUSD>
        <pctVal>0.0322945285</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>Reit 1 Ltd</name>
        <lei>N/A</lei>
        <title>Reit 1 Ltd ILS1</title>
        <cusip>M8209Q100</cusip>
        <identifiers>
          <isin value="IL0010989205"/>
          <ticker value="RETDF"/>
        </identifiers>
        <balance>124414</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.10895"/>
        <valUSD>889257.15</valUSD>
        <pctVal>0.0560391771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lifestyle Communities Limited</name>
        <lei>N/A</lei>
        <title>Lifestyle Communities Limited NPV</title>
        <cusip>Q5557L143</cusip>
        <identifiers>
          <isin value="AU000000LIC9"/>
          <ticker value="LCOMF"/>
        </identifiers>
        <balance>65515</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>993404.85</valUSD>
        <pctVal>0.0626023533</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>Redefine Properties Limited</name>
        <lei>37890061EC026A7DA532</lei>
        <title>Redefine Properties Limited NPV (POST CONVERSION)</title>
        <cusip>S6815L196</cusip>
        <identifiers>
          <isin value="ZAE000190252"/>
          <ticker value="RDPEF"/>
        </identifiers>
        <balance>3825728</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.935"/>
        <valUSD>1056418.45</valUSD>
        <pctVal>0.0665733422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sekisui House Reit, Inc.</name>
        <lei>N/A</lei>
        <title>Sekisui House Reit, Inc. REIT</title>
        <cusip>J91258103</cusip>
        <identifiers>
          <isin value="JP3047820000"/>
          <ticker value="3309"/>
        </identifiers>
        <balance>2867</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>2135835.8</valUSD>
        <pctVal>0.1345960284</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>Keppel Dc Reit</name>
        <lei>N/A</lei>
        <title>Keppel Dc Reit NPV</title>
        <cusip>Y47230100</cusip>
        <identifiers>
          <isin value="SG1AF6000009"/>
          <ticker value="KPDCF"/>
        </identifiers>
        <balance>964134</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>1767635.7</valUSD>
        <pctVal>0.1113928069</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>Xenia Hotels &amp; Resorts Inc</name>
        <lei>54930075IWIPHF5IQL62</lei>
        <title>Xenia Hotels &amp; Resorts Inc COM USD0.01</title>
        <cusip>984017103</cusip>
        <identifiers>
          <isin value="US9840171030"/>
          <ticker value="XHR"/>
        </identifiers>
        <balance>79449</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1438821.39</valUSD>
        <pctVal>0.0906715978</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>Community Healthcare Trust Inc</name>
        <lei>549300FATSRCMKOV9536</lei>
        <title>Community Healthcare Trust Inc USD0.01</title>
        <cusip>20369C106</cusip>
        <identifiers>
          <isin value="US20369C1062"/>
          <ticker value="CHCT"/>
        </identifiers>
        <balance>16510</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>780427.7</valUSD>
        <pctVal>0.0491809665</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>Seritage Growth Properties</name>
        <lei>5493003CJFC2MM82WB25</lei>
        <title>Seritage Growth Properties COM USD0.01 CL A</title>
        <cusip>81752R100</cusip>
        <identifiers>
          <isin value="US81752R1005"/>
          <ticker value="SRG"/>
        </identifiers>
        <balance>26888</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>356803.76</valUSD>
        <pctVal>0.0224850473</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>Primary Health Properties PLC</name>
        <lei>213800Y5CJHXOATK7X11</lei>
        <title>Primary Health Properties PLC ORD GBP0.125</title>
        <cusip>G7240B186</cusip>
        <identifiers>
          <isin value="GB00BYRJ5J14"/>
          <ticker value="PHPRF"/>
        </identifiers>
        <balance>926634</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>1899205.05</valUSD>
        <pctVal>0.1196840397</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>Manulife Us Reit</name>
        <lei>N/A</lei>
        <title>Manulife Us Reit NPV UNITS</title>
        <cusip>Y5817J103</cusip>
        <identifiers>
          <isin value="SG1CI1000004"/>
          <ticker value="BTOU"/>
        </identifiers>
        <balance>1005003</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>673678.59</valUSD>
        <pctVal>0.0424538546</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>Global Net Lease Inc</name>
        <lei>549300NUYANCT5SU8Z65</lei>
        <title>Global Net Lease Inc COM USD0.01</title>
        <cusip>379378201</cusip>
        <identifiers>
          <isin value="US3793782018"/>
          <ticker value="GNL"/>
        </identifiers>
        <balance>69476</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1061593.28</valUSD>
        <pctVal>0.0668994495</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>Origin Property Public Company Limited</name>
        <lei>N/A</lei>
        <title>Origin Property Public Company Limited THB0.5 (NVDR)</title>
        <cusip>Y6473Q126</cusip>
        <identifiers>
          <isin value="TH6789010R10"/>
          <ticker value="ORI-R"/>
        </identifiers>
        <balance>578900</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.405"/>
        <valUSD>195158.5</valUSD>
        <pctVal>0.0122984918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xior Student Housing NV</name>
        <lei>549300JK7HFOCP0U8K85</lei>
        <title>Xior Student Housing NV NPV</title>
        <cusip>B9901Y104</cusip>
        <identifiers>
          <isin value="BE0974288202"/>
          <ticker value="XIORF"/>
        </identifiers>
        <balance>14923</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>833387.26</valUSD>
        <pctVal>0.0525183702</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>Ck Asset Holdings Ltd</name>
        <lei>5299006GJZSGP78B8S35</lei>
        <title>Ck Asset Holdings Ltd HKD1</title>
        <cusip>G2177B101</cusip>
        <identifiers>
          <isin value="KYG2177B1014"/>
          <ticker value="CHKGF"/>
        </identifiers>
        <balance>1398000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>8816040.1</valUSD>
        <pctVal>0.5555689175</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>Dios Fastigheter AB</name>
        <lei>549300G3VF7LZQ9IW435</lei>
        <title>Dios Fastigheter AB NPV</title>
        <cusip>W2592B100</cusip>
        <identifiers>
          <isin value="SE0001634262"/>
          <ticker value="DIOS"/>
        </identifiers>
        <balance>62654</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>818448.63</valUSD>
        <pctVal>0.0515769681</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>China Merchants Land Limited</name>
        <lei>549300PI8IF6UEHMVV14</lei>
        <title>China Merchants Land Limited HKD0.01</title>
        <cusip>G210AW106</cusip>
        <identifiers>
          <isin value="KYG210AW1064"/>
          <ticker value="978"/>
        </identifiers>
        <balance>942000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>89406.88</valUSD>
        <pctVal>0.0056342397</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>IOI Properties Group Berhad</name>
        <lei>N/A</lei>
        <title>IOI Properties Group Berhad NPV</title>
        <cusip>Y417A6104</cusip>
        <identifiers>
          <isin value="MYL5249OO007"/>
          <ticker value="IOIPG"/>
        </identifiers>
        <balance>988200</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.166"/>
        <valUSD>260883.76</valUSD>
        <pctVal>0.0164403640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Physicians Realty Trust</name>
        <lei>549300ITOVH0OY7PZC34</lei>
        <title>Physicians Realty Trust COM USD0.01</title>
        <cusip>71943U104</cusip>
        <identifiers>
          <isin value="US71943U1043"/>
          <ticker value="DOC"/>
        </identifiers>
        <balance>152632</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2874060.56</valUSD>
        <pctVal>0.1811174514</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>CT Real Estate Investment Trust</name>
        <lei>549300QXEHJXT6D53X16</lei>
        <title>CT Real Estate Investment Trust UNITS</title>
        <cusip>126462100</cusip>
        <identifiers>
          <isin value="CA1264621006"/>
          <ticker value="CTRRF"/>
        </identifiers>
        <balance>35325</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>483678.41</valUSD>
        <pctVal>0.0304804297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Custodian Reit Plc</name>
        <lei>2138001BOD1J5XK1CX76</lei>
        <title>Custodian Reit Plc ORD GBP0.01</title>
        <cusip>G26043102</cusip>
        <identifiers>
          <isin value="GB00BJFLFT45"/>
          <ticker value="CREI"/>
        </identifiers>
        <balance>283762</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>407020.53</valUSD>
        <pctVal>0.0256496060</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>Irish Residential Properties REIT PLC</name>
        <lei>635400EOPACLULRENY18</lei>
        <title>Irish Residential Properties REIT PLC EUR0.10</title>
        <cusip>G49456109</cusip>
        <identifiers>
          <isin value="IE00BJ34P519"/>
          <ticker value="RSHPF"/>
        </identifiers>
        <balance>315643</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>602130.02</valUSD>
        <pctVal>0.0379450093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kite Realty Group Trust</name>
        <lei>N/A</lei>
        <title>Kite Realty Group Trust COM USD0.01</title>
        <cusip>49803T300</cusip>
        <identifiers>
          <isin value="US49803T3005"/>
          <ticker value="KRG"/>
        </identifiers>
        <balance>152152</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3313870.56</valUSD>
        <pctVal>0.2088333831</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>Montea NV</name>
        <lei>5493006K5LQDD0GK1T60</lei>
        <title>Montea NV NPV</title>
        <cusip>B6214F103</cusip>
        <identifiers>
          <isin value="BE0003853703"/>
          <ticker value="MONSF"/>
        </identifiers>
        <balance>7340</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>1104868.25</valUSD>
        <pctVal>0.0696265501</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>Paramount Group Inc</name>
        <lei>5493006GJU1CFI7Z5J17</lei>
        <title>Paramount Group Inc COM USD0.01</title>
        <cusip>69924R108</cusip>
        <identifiers>
          <isin value="US69924R1086"/>
          <ticker value="PGRE"/>
        </identifiers>
        <balance>122611</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1022575.74</valUSD>
        <pctVal>0.0644406435</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>Iron Mountain Incorporated</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain Incorporated COM USD0.01</title>
        <cusip>46284V101</cusip>
        <identifiers>
          <isin value="US46284V1017"/>
          <ticker value="IRM"/>
        </identifiers>
        <balance>202024</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10571915.92</valUSD>
        <pctVal>0.6662206406</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>Easterly Government Properties Inc</name>
        <lei>549300ERMCEFC6S8HL77</lei>
        <title>Easterly Government Properties Inc COM USD0.01</title>
        <cusip>27616P103</cusip>
        <identifiers>
          <isin value="US27616P1030"/>
          <ticker value="DEA"/>
        </identifiers>
        <balance>63671</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1459339.32</valUSD>
        <pctVal>0.0919645960</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>Intershop Hldg Ag</name>
        <lei>506700CGX4K77JX3R725</lei>
        <title>Intershop Hldg Ag CHF10(REG)</title>
        <cusip>H42507261</cusip>
        <identifiers>
          <isin value="CH0273774791"/>
          <ticker value="ISN"/>
        </identifiers>
        <balance>802</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".9112"/>
        <valUSD>538446.1</valUSD>
        <pctVal>0.0339317782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LVGEM (China) Real Estate Investment Company Limited</name>
        <lei>N/A</lei>
        <title>LVGEM (China) Real Estate Investment Company Limited HKD0.01</title>
        <cusip>G5727E103</cusip>
        <identifiers>
          <isin value="KYG5727E1035"/>
          <ticker value="95"/>
        </identifiers>
        <balance>664000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>116662.17</valUSD>
        <pctVal>0.0073518127</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>WELLTOWER INC</name>
        <lei>N/A</lei>
        <title>WELLTOWER INC</title>
        <cusip>95040Q104</cusip>
        <identifiers>
          <isin value="US95040Q1040"/>
          <ticker value="WELL"/>
        </identifiers>
        <balance>294907</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25294173.39</valUSD>
        <pctVal>1.5939873650</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>Four Corners Ppty Tr Inc</name>
        <lei>549300SVTPZPBDVNER42</lei>
        <title>Four Corners Ppty Tr Inc COM USD0.0001</title>
        <cusip>35086T109</cusip>
        <identifiers>
          <isin value="US35086T1097"/>
          <ticker value="FCPT"/>
        </identifiers>
        <balance>52868</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1554847.88</valUSD>
        <pctVal>0.0979833512</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>Ronshine China Holdings Limited</name>
        <lei>549300GNBBT32SFSEC47</lei>
        <title>Ronshine China Holdings Limited HKD0.00001</title>
        <cusip>G76368102</cusip>
        <identifiers>
          <isin value="KYG763681023"/>
          <ticker value="3301"/>
        </identifiers>
        <balance>422000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>162223.12</valUSD>
        <pctVal>0.0102229711</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 Evergrande Group</name>
        <lei>549300CUF7B1LAB15T90</lei>
        <title>China Evergrande Group USD0.01</title>
        <cusip>G2119W106</cusip>
        <identifiers>
          <isin value="KYG2119W1069"/>
          <ticker value="EGRNF"/>
        </identifiers>
        <balance>2802000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>571520.37</valUSD>
        <pctVal>0.0360160514</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. COM USD0.01</title>
        <cusip>700517105</cusip>
        <identifiers>
          <isin value="US7005171050"/>
          <ticker value="PK"/>
        </identifiers>
        <balance>166157</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3137044.16</valUSD>
        <pctVal>0.1976901430</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>Carmila</name>
        <lei>222100P6D3QKU33LZQ72</lei>
        <title>Carmila EUR6</title>
        <cusip>F1625D132</cusip>
        <identifiers>
          <isin value="FR0010828137"/>
          <ticker value="CARM"/>
        </identifiers>
        <balance>35399</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>557879.72</valUSD>
        <pctVal>0.0351564454</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>Warehouse Reit Plc</name>
        <lei>213800BQUD83TYQCWN28</lei>
        <title>Warehouse Reit Plc ORD GBP0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BD2NCM38"/>
          <ticker value="WHR"/>
        </identifiers>
        <balance>290235</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>694477.5</valUSD>
        <pctVal>0.0437645597</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>Mitsubishi Estate Logistics REIT Investment Corporation</name>
        <lei>N/A</lei>
        <title>Mitsubishi Estate Logistics REIT Investment Corporation REIT</title>
        <cusip>J4S41D104</cusip>
        <identifiers>
          <isin value="JP3048480002"/>
          <ticker value="MLGRF"/>
        </identifiers>
        <balance>265</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1206824.13</valUSD>
        <pctVal>0.0760516023</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 EUR0.01</title>
        <cusip>L0269F109</cusip>
        <identifiers>
          <isin value="LU1673108939"/>
          <ticker value="AANNF"/>
        </identifiers>
        <balance>696267</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>4217189.21</valUSD>
        <pctVal>0.2657586873</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>Retail Estates</name>
        <lei>5493007CO5W5OBFG7L21</lei>
        <title>Retail Estates NPV</title>
        <cusip>B7081U108</cusip>
        <identifiers>
          <isin value="BE0003720340"/>
          <ticker value="RET"/>
        </identifiers>
        <balance>7152</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>581460.77</valUSD>
        <pctVal>0.0366424752</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>Catena Ab</name>
        <lei>549300EMLM7AH5LDLY65</lei>
        <title>Catena Ab NPV</title>
        <cusip>W2356E100</cusip>
        <identifiers>
          <isin value="SE0001664707"/>
          <ticker value="CATE"/>
        </identifiers>
        <balance>20203</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>1260992.8</valUSD>
        <pctVal>0.0794652017</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>Blue Square Real</name>
        <lei>N/A</lei>
        <title>Blue Square Real ILS1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0010985658"/>
          <ticker value="BLSR"/>
        </identifiers>
        <balance>3725</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.10895"/>
        <valUSD>336410.84</valUSD>
        <pctVal>0.0211999270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Bananex</name>
        <lei>2SFFM4FUIE05S37WFU55</lei>
        <title>Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Bananex CBFI (CONCEN FIBRA DANHOS) NPV</title>
        <cusip>P2825H138</cusip>
        <identifiers>
          <isin value="MXCFDA020005"/>
          <ticker value="GRFFF"/>
        </identifiers>
        <balance>217153</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.4755"/>
        <valUSD>244881.09</valUSD>
        <pctVal>0.0154319083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyprop Investments</name>
        <lei>N/A</lei>
        <title>Hyprop Investments NPV</title>
        <cusip>S3723H102</cusip>
        <identifiers>
          <isin value="ZAE000190724"/>
          <ticker value="HINVF"/>
        </identifiers>
        <balance>215539</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.935"/>
        <valUSD>503876.33</valUSD>
        <pctVal>0.0317532616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</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. 'H'CNY1</title>
        <cusip>Y77421132</cusip>
        <identifiers>
          <isin value="CNE100001SR9"/>
          <ticker value="CHVKF"/>
        </identifiers>
        <balance>1206241</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>2807876.74</valUSD>
        <pctVal>0.1769466816</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>Kiwi Property Group Limited</name>
        <lei>N/A</lei>
        <title>Kiwi Property Group Limited NPV</title>
        <cusip>Q5349C104</cusip>
        <identifiers>
          <isin value="NZKPGE0001S9"/>
          <ticker value="KWIPF"/>
        </identifiers>
        <balance>1067983</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.4600671"/>
        <valUSD>874153.41</valUSD>
        <pctVal>0.0550873701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Urban Edge Properties</name>
        <lei>N/A</lei>
        <title>Urban Edge Properties COM USD0.01</title>
        <cusip>91704F104</cusip>
        <identifiers>
          <isin value="US91704F1049"/>
          <ticker value="UE"/>
        </identifiers>
        <balance>81367</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1545973</valUSD>
        <pctVal>0.0974240743</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>Kenedix Retail REIT Corporation</name>
        <lei>N/A</lei>
        <title>Kenedix Retail REIT Corporation REIT</title>
        <cusip>J3243R101</cusip>
        <identifiers>
          <isin value="JP3047900000"/>
          <ticker value="KXNXF"/>
        </identifiers>
        <balance>404</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>994781.83</valUSD>
        <pctVal>0.0626891278</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>Nexpoint Residential Trust Inc</name>
        <lei>549300U2J6XVYBF87166</lei>
        <title>Nexpoint Residential Trust Inc COM USD0.001 'WI'</title>
        <cusip>65341D102</cusip>
        <identifiers>
          <isin value="US65341D1028"/>
          <ticker value="NXRT"/>
        </identifiers>
        <balance>16006</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1341782.98</valUSD>
        <pctVal>0.0845564345</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>Sk D&amp;D Co Ltd</name>
        <lei>988400MVYDOY6OP6CO22</lei>
        <title>Sk D&amp;D Co Ltd KRW1000</title>
        <cusip>Y80668109</cusip>
        <identifiers>
          <isin value="KR7210980009"/>
          <ticker value="A210980"/>
        </identifiers>
        <balance>6930</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.75"/>
        <valUSD>183836.93</valUSD>
        <pctVal>0.0115850294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Watkin Jones Plc</name>
        <lei>2138009X19O21NU5SG79</lei>
        <title>Watkin Jones Plc ORD GBP0.01</title>
        <cusip>G94793109</cusip>
        <identifiers>
          <isin value="GB00BD6RF223"/>
          <ticker value="WJG"/>
        </identifiers>
        <balance>147740</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>522412.48</valUSD>
        <pctVal>0.0329213720</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>Frasers Log &amp; Commercial Trust</name>
        <lei>N/A</lei>
        <title>Frasers Log &amp; Commercial Trust NPV UNITS (REIT)</title>
        <cusip>Y26465107</cusip>
        <identifiers>
          <isin value="SG1CI9000006"/>
          <ticker value="FRLOF"/>
        </identifiers>
        <balance>1916546.347</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>2162004.67</valUSD>
        <pctVal>0.1362451373</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>Mitsui Fudosan Logistics Park Inc</name>
        <lei>353800DN63EIYS760S59</lei>
        <title>Mitsui Fudosan Logistics Park Inc REIT</title>
        <cusip>J44788107</cusip>
        <identifiers>
          <isin value="JP3048300002"/>
          <ticker value="MFLPF"/>
        </identifiers>
        <balance>359</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>2012990.57</valUSD>
        <pctVal>0.1268545718</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>Nepi Rockcastle Plc</name>
        <lei>549300FMWM53K9ULYT15</lei>
        <title>Nepi Rockcastle Plc ORD EUR0.01</title>
        <cusip>G6420W101</cusip>
        <identifiers>
          <isin value="IM00BDD7WV31"/>
          <ticker value="NRP"/>
        </identifiers>
        <balance>297128</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.935"/>
        <valUSD>1975970.86</valUSD>
        <pctVal>0.1245216650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Isras Investment Company Ltd.</name>
        <lei>N/A</lei>
        <title>Isras Investment Company Ltd. ILS1</title>
        <cusip>M61446106</cusip>
        <identifiers>
          <isin value="IL0006130343"/>
          <ticker value="IRICF"/>
        </identifiers>
        <balance>1184</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.10895"/>
        <valUSD>313440.39</valUSD>
        <pctVal>0.0197523759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invincible Investment Corporation</name>
        <lei>353800JY6M2692VAV685</lei>
        <title>Invincible Investment Corporation REIT</title>
        <cusip>J2442V103</cusip>
        <identifiers>
          <isin value="JP3046190009"/>
          <ticker value="IVINF"/>
        </identifiers>
        <balance>4254</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1344043.12</valUSD>
        <pctVal>0.0846988640</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>Starts Proceed Investment Corporation</name>
        <lei>N/A</lei>
        <title>Starts Proceed Investment Corporation REIT</title>
        <cusip>J76703107</cusip>
        <identifiers>
          <isin value="JP3046340000"/>
          <ticker value="SRPIF"/>
        </identifiers>
        <balance>148</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>306089.25</valUSD>
        <pctVal>0.0192891220</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>Hoshino Resorts Reit Inc</name>
        <lei>353800DF2MUZWFL4IL56</lei>
        <title>Hoshino Resorts Reit Inc REIT</title>
        <cusip>J2245U104</cusip>
        <identifiers>
          <isin value="JP3047610005"/>
          <ticker value="HOSHF"/>
        </identifiers>
        <balance>145</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>823149.56</valUSD>
        <pctVal>0.0518732112</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>Independence Realty Trust Inc</name>
        <lei>549300Z3L8NU44NQEB29</lei>
        <title>Independence Realty Trust Inc COM USD0.01</title>
        <cusip>45378A106</cusip>
        <identifiers>
          <isin value="US45378A1060"/>
          <ticker value="IRT"/>
        </identifiers>
        <balance>73358</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1894837.14</valUSD>
        <pctVal>0.1194087829</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>Tritax Big Box REIT Plc</name>
        <lei>213800L6X88MIYPVR714</lei>
        <title>Tritax Big Box REIT Plc ORD GBP0.01</title>
        <cusip>G9101W101</cusip>
        <identifiers>
          <isin value="GB00BG49KP99"/>
          <ticker value="TTBXF"/>
        </identifiers>
        <balance>1198550</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>4036822.42</valUSD>
        <pctVal>0.2543923390</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>Hibernia Reit Plc</name>
        <lei>635400MHRA4QVVFTON18</lei>
        <title>Hibernia Reit Plc ORD EUR0.10</title>
        <cusip>G4432Z105</cusip>
        <identifiers>
          <isin value="IE00BGHQ1986"/>
          <ticker value="HIBRF"/>
        </identifiers>
        <balance>470279</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>695483.09</valUSD>
        <pctVal>0.0438279299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Actinver SA</name>
        <lei>549300JMTSVQ6LKX5222</lei>
        <title>Banco Actinver SA CBFI (PROLOGIS PROPERTY MEXICO SA DE CV)</title>
        <cusip>P4559M101</cusip>
        <identifiers>
          <isin value="MXCFFI170008"/>
          <ticker value="FBBPF"/>
        </identifiers>
        <balance>328891</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.4755"/>
        <valUSD>910752.84</valUSD>
        <pctVal>0.0573937917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Scentre Group Limited</name>
        <lei>529900TUCASM3W86E831</lei>
        <title>Scentre Group Limited NPV STAPLED UNIT</title>
        <cusip>Q8351E109</cusip>
        <identifiers>
          <isin value="AU000000SCG8"/>
          <ticker value="STGPF"/>
        </identifiers>
        <balance>3621123</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>8328111.08</valUSD>
        <pctVal>0.5248206230</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>City Office REIT Inc</name>
        <lei>5493003J7157VP25NL57</lei>
        <title>City Office REIT Inc COM USD0.01</title>
        <cusip>178587101</cusip>
        <identifiers>
          <isin value="US1785871013"/>
          <ticker value="CIO"/>
        </identifiers>
        <balance>31286</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>616959.92</valUSD>
        <pctVal>0.0388795594</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>Equity Commonwealth Fra</name>
        <lei>N/A</lei>
        <title>Equity Commonwealth Fra SHS</title>
        <cusip>CKE628105</cusip>
        <identifiers>
          <isin value="USCKE6281051"/>
          <ticker value="CWH US"/>
        </identifiers>
        <balance>75000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Entra ASA</name>
        <lei>549300APU14LQKTYCH34</lei>
        <title>Entra ASA NOK1</title>
        <cusip>R2R8A2105</cusip>
        <identifiers>
          <isin value="NO0010716418"/>
          <ticker value="ENTOF"/>
        </identifiers>
        <balance>44909</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="8.80655"/>
        <valUSD>1010339.92</valUSD>
        <pctVal>0.0636695670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Assura PLC</name>
        <lei>21380026T19N2Y52XF72</lei>
        <title>Assura PLC ORD GBP0.10</title>
        <cusip>G2386T109</cusip>
        <identifiers>
          <isin value="GB00BVGBWW93"/>
          <ticker value="ARSSF"/>
        </identifiers>
        <balance>1864222</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>1761668.68</valUSD>
        <pctVal>0.1110167774</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>National Storage Affiliates Trust</name>
        <lei>N/A</lei>
        <title>National Storage Affiliates Trust USD0.01(BEN OF INT)</title>
        <cusip>637870106</cusip>
        <identifiers>
          <isin value="US6378701063"/>
          <ticker value="NSA"/>
        </identifiers>
        <balance>58689</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4061278.8</valUSD>
        <pctVal>0.2559335303</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>Charter Hall Long Wale Reit</name>
        <lei>N/A</lei>
        <title>Charter Hall Long Wale Reit NPV (STAPLED)</title>
        <cusip>Q2308E106</cusip>
        <identifiers>
          <isin value="AU000000CLW0"/>
          <ticker value="CHLWF"/>
        </identifiers>
        <balance>399487</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>1467965.88</valUSD>
        <pctVal>0.0925082243</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>Tricon Residential Inc</name>
        <lei>N/A</lei>
        <title>Tricon Residential Inc COM NPV</title>
        <cusip>89612W102</cusip>
        <identifiers>
          <isin value="CA89612W1023"/>
          <ticker value="TCN"/>
        </identifiers>
        <balance>176493</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>2701217.03</valUSD>
        <pctVal>0.1702252036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GDI Property Group</name>
        <lei>N/A</lei>
        <title>GDI Property Group NPV(STAPLED UNITS)</title>
        <cusip>Q3R72G104</cusip>
        <identifiers>
          <isin value="AU000000GDI7"/>
          <ticker value="GDI"/>
        </identifiers>
        <balance>294983</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>237303.13</valUSD>
        <pctVal>0.0149543606</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>STORE Capital Corp</name>
        <lei>5493004EA6C9IHDZ7N66</lei>
        <title>STORE Capital Corp COM USD0.01</title>
        <cusip>862121100</cusip>
        <identifiers>
          <isin value="US8621211007"/>
          <ticker value="STOR"/>
        </identifiers>
        <balance>170514</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5865681.6</valUSD>
        <pctVal>0.3696433251</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>Adler Group S.A</name>
        <lei>391200OYYFJ3DWAMEC69</lei>
        <title>Adler Group S.A NPV</title>
        <cusip>L0112A109</cusip>
        <identifiers>
          <isin value="LU1250154413"/>
          <ticker value="ADPPF"/>
        </identifiers>
        <balance>53585</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>659653.32</valUSD>
        <pctVal>0.0415700107</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>LaSalle LOGIPORT REIT</name>
        <lei>353800II3DI1RPKBB314</lei>
        <title>LaSalle LOGIPORT REIT REIT</title>
        <cusip>J38684106</cusip>
        <identifiers>
          <isin value="JP3048180008"/>
          <ticker value="LSLGF"/>
        </identifiers>
        <balance>1246</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>2193189.45</valUSD>
        <pctVal>0.1382103387</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>Inmobiliaria Colonial Socimi S.A.</name>
        <lei>95980020140005007414</lei>
        <title>Inmobiliaria Colonial Socimi S.A. EUR2.5</title>
        <cusip>E6451E105</cusip>
        <identifiers>
          <isin value="ES0139140174"/>
          <ticker value="IMQCF"/>
        </identifiers>
        <balance>203982</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>1915997.34</valUSD>
        <pctVal>0.1207422557</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>IWG PLC</name>
        <lei>2138003LWDII27UTAG52</lei>
        <title>IWG PLC ORD GBP0.01</title>
        <cusip>G4969N103</cusip>
        <identifiers>
          <isin value="JE00BYVQYS01"/>
          <ticker value="IWGFF"/>
        </identifiers>
        <balance>525032</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>2062709.88</valUSD>
        <pctVal>0.1299877816</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>Land Securities Group plc</name>
        <lei>213800V8IAVKS37D6B88</lei>
        <title>Land Securities Group plc ORD GBP0.106666666</title>
        <cusip>G5375M142</cusip>
        <identifiers>
          <isin value="GB00BYW0PQ60"/>
          <ticker value="LSGOF"/>
        </identifiers>
        <balance>491026</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>5149828.05</valUSD>
        <pctVal>0.3245316902</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>Grand City Properties S.A.</name>
        <lei>5299002QLUYKK2WBMB18</lei>
        <title>Grand City Properties S.A. EUR0.10</title>
        <cusip>L4459Y100</cusip>
        <identifiers>
          <isin value="LU0775917882"/>
          <ticker value="GRNNF"/>
        </identifiers>
        <balance>73266</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>1741289.15</valUSD>
        <pctVal>0.1097325009</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>National Storage Reit</name>
        <lei>N/A</lei>
        <title>National Storage Reit REIT STAPLED UNIT</title>
        <cusip>Q6605D109</cusip>
        <identifiers>
          <isin value="AU000000NSR2"/>
          <ticker value="NTSGF"/>
        </identifiers>
        <balance>792362</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>1535628.42</valUSD>
        <pctVal>0.0967721799</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>Lar Espana Real Estate Socimi SA</name>
        <lei>9598002PHMH00MHN3741</lei>
        <title>Lar Espana Real Estate Socimi SA EUR2</title>
        <cusip>E7S5A1113</cusip>
        <identifiers>
          <isin value="ES0105015012"/>
          <ticker value="LAREF"/>
        </identifiers>
        <balance>42362</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>246925.53</valUSD>
        <pctVal>0.0155607447</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>Caretrust Reit Inc</name>
        <lei>5493001NVXE2B9GPLU96</lei>
        <title>Caretrust Reit Inc COM USD0.01 WHEN ISSUED</title>
        <cusip>14174T107</cusip>
        <identifiers>
          <isin value="US14174T1079"/>
          <ticker value="CTRE"/>
        </identifiers>
        <balance>68736</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1569242.88</valUSD>
        <pctVal>0.0988904948</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>Logan Group Company Ltd</name>
        <lei>549300NJ0E6Q0S1VOG90</lei>
        <title>Logan Group Company Ltd HKD0.1</title>
        <cusip>G55555109</cusip>
        <identifiers>
          <isin value="KYG555551095"/>
          <ticker value="LPHHF"/>
        </identifiers>
        <balance>987000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>754517.84</valUSD>
        <pctVal>0.0475481798</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>Empiric Student Property Plc</name>
        <lei>213800FPF38IBPRFPU87</lei>
        <title>Empiric Student Property Plc GBP0.01</title>
        <cusip>G30381100</cusip>
        <identifiers>
          <isin value="GB00BLWDVR75"/>
          <ticker value="EPCFF"/>
        </identifiers>
        <balance>430642</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>500973.85</valUSD>
        <pctVal>0.0315703532</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>Wallenstam AB</name>
        <lei>21380081R2P9MKFQBD25</lei>
        <title>Wallenstam AB SER'B'NPV</title>
        <cusip>W9898B114</cusip>
        <identifiers>
          <isin value="SE0007074844"/>
          <ticker value="WALL B"/>
        </identifiers>
        <balance>114446</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>2127794.64</valUSD>
        <pctVal>0.1340892908</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>Vicinity Centres</name>
        <lei>549300S7GOEVR0EGFN47</lei>
        <title>Vicinity Centres NPV (STAPLED SECURITY)</title>
        <cusip>Q9395F102</cusip>
        <identifiers>
          <isin value="AU000000VCX7"/>
          <ticker value="CNRAF"/>
        </identifiers>
        <balance>2699423</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>3325454.15</valUSD>
        <pctVal>0.2095633574</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>Regional Reit Limited</name>
        <lei>549300D8G4NKLRIKBX73</lei>
        <title>Regional Reit Limited ORD NPV</title>
        <cusip>G7418M105</cusip>
        <identifiers>
          <isin value="GG00BYV2ZQ34"/>
          <ticker value="RGGLF"/>
        </identifiers>
        <balance>275257</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>349715.94</valUSD>
        <pctVal>0.0220383873</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>Resilient REIT Limited</name>
        <lei>378900F37FF47D486C58</lei>
        <title>Resilient REIT Limited NPV</title>
        <cusip>S6990F105</cusip>
        <identifiers>
          <isin value="ZAE000209557"/>
          <ticker value="RLNTF"/>
        </identifiers>
        <balance>205281</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.935"/>
        <valUSD>769817.14</valUSD>
        <pctVal>0.0485123105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Singha Estate Public Company Limited</name>
        <lei>N/A</lei>
        <title>Singha Estate Public Company Limited THB1.00(NVDR)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0940010R15"/>
          <ticker value="S-R"/>
        </identifiers>
        <balance>1939300</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.405"/>
        <valUSD>117087.68</valUSD>
        <pctVal>0.0073786275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pruksa Holding Public Company Limited</name>
        <lei>N/A</lei>
        <title>Pruksa Holding Public Company Limited NPV</title>
        <cusip>Y711DL112</cusip>
        <identifiers>
          <isin value="TH7595010R10"/>
          <ticker value="PSH-R"/>
        </identifiers>
        <balance>509300</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.405"/>
        <valUSD>198276.58</valUSD>
        <pctVal>0.0124949868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Logistics Property Holdings Co Ltd</name>
        <lei>254900GWJDRQ9Q9VZ809</lei>
        <title>China Logistics Property Holdings Co Ltd USD0.0000625</title>
        <cusip>G21209104</cusip>
        <identifiers>
          <isin value="KYG212091048"/>
          <ticker value="1589"/>
        </identifiers>
        <balance>467000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>257571.07</valUSD>
        <pctVal>0.0162316050</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>Mori Trust Hotel Reit Inc</name>
        <lei>N/A</lei>
        <title>Mori Trust Hotel Reit Inc REIT</title>
        <cusip>J4672S107</cusip>
        <identifiers>
          <isin value="JP3048380004"/>
          <ticker value="3478"/>
        </identifiers>
        <balance>233</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>251585.69</valUSD>
        <pctVal>0.0158544185</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>CLS Holdings Plc</name>
        <lei>213800A357TKB2TD9U78</lei>
        <title>CLS Holdings Plc ORD GBP0.025</title>
        <cusip>G2212D187</cusip>
        <identifiers>
          <isin value="GB00BF044593"/>
          <ticker value="CLIHF"/>
        </identifiers>
        <balance>121818</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>359829.41</valUSD>
        <pctVal>0.0226757176</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>Choice Properties Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>Choice Properties Real Estate Investment Trust TRUST UNITS</title>
        <cusip>17039A106</cusip>
        <identifiers>
          <isin value="CA17039A1066"/>
          <ticker value="PPRQF"/>
        </identifiers>
        <balance>112820</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>1354785.41</valUSD>
        <pctVal>0.0853758212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cosmopolitan Intl</name>
        <lei>N/A</lei>
        <title>Cosmopolitan Intl HKD0.002</title>
        <cusip>G2445L154</cusip>
        <identifiers>
          <isin value="KYG2445L1547"/>
          <ticker value="120"/>
        </identifiers>
        <balance>1262000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>275144.31</valUSD>
        <pctVal>0.0173390348</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>Minto Apartment Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>Minto Apartment Real Estate Investment Trust UNIT</title>
        <cusip>60448E103</cusip>
        <identifiers>
          <isin value="CA60448E1034"/>
          <ticker value="MI-U"/>
        </identifiers>
        <balance>13447</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>232700.76</valUSD>
        <pctVal>0.0146643286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Irongate Group</name>
        <lei>N/A</lei>
        <title>Irongate Group UNITS</title>
        <cusip>Q496B8136</cusip>
        <identifiers>
          <isin value="AU0000046005"/>
          <ticker value="IAPAUD"/>
        </identifiers>
        <balance>353437</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>445203.67</valUSD>
        <pctVal>0.0280558298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Apartment Investment and Management Company</name>
        <lei>549300O8FT5GJ4RU1D57</lei>
        <title>Apartment Investment and Management Company CL A</title>
        <cusip>03748R747</cusip>
        <identifiers>
          <isin value="US03748R7474"/>
          <ticker value="AIV"/>
        </identifiers>
        <balance>103395</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>798209.4</valUSD>
        <pctVal>0.0503015330</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>Apartment Income Reit Corp</name>
        <lei>N/A</lei>
        <title>Apartment Income Reit Corp COM</title>
        <cusip>03750L109</cusip>
        <identifiers>
          <isin value="US03750L1098"/>
          <ticker value="AIRC"/>
        </identifiers>
        <balance>109425</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5982264.75</valUSD>
        <pctVal>0.3769901581</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>Shinsun Holdings (Group) Co Ltd.</name>
        <lei>549300DO71RQ0W5CER62</lei>
        <title>Shinsun Holdings (Group) Co Ltd. USD0.01</title>
        <cusip>G81290101</cusip>
        <identifiers>
          <isin value="KYG812901018"/>
          <ticker value="2599"/>
        </identifiers>
        <balance>538000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>60742.92</valUSD>
        <pctVal>0.0038278953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iguatemi S.A.</name>
        <lei>N/A</lei>
        <title>Iguatemi S.A. COM NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRIGTIACNOR8"/>
          <ticker value="IGTI3"/>
        </identifiers>
        <balance>269000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.57"/>
        <valUSD>131783.29</valUSD>
        <pctVal>0.0083047149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRE Logistics REIT Inc</name>
        <lei>N/A</lei>
        <title>CRE Logistics REIT Inc REIT</title>
        <cusip>J7008E106</cusip>
        <identifiers>
          <isin value="JP3048680007"/>
          <ticker value="3487"/>
        </identifiers>
        <balance>376</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>740335.83</valUSD>
        <pctVal>0.0466544583</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>Israel Canada T.R Ltd.</name>
        <lei>N/A</lei>
        <title>Israel Canada T.R Ltd. ILS1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0004340191"/>
          <ticker value="ISCN"/>
        </identifiers>
        <balance>76659</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.10895"/>
        <valUSD>494458.44</valUSD>
        <pctVal>0.0311597653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Home Consortium Limited</name>
        <lei>N/A</lei>
        <title>Home Consortium Limited NPV (STAPLED)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000058943"/>
          <ticker value="HMC"/>
        </identifiers>
        <balance>58697</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>339504.79</valUSD>
        <pctVal>0.0213949014</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>Centuria Office Reit</name>
        <lei>N/A</lei>
        <title>Centuria Office Reit ORDINARY UNITS</title>
        <cusip>Q2227Z107</cusip>
        <identifiers>
          <isin value="AU0000077893"/>
          <ticker value="COF"/>
        </identifiers>
        <balance>310102</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>528371.36</valUSD>
        <pctVal>0.0332968885</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>Brookfield India Real Estate Trust</name>
        <lei>N/A</lei>
        <title>Brookfield India Real Estate Trust REIT INR0.0</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE0FDU25010"/>
          <ticker value="BIRET"/>
        </identifiers>
        <balance>69503</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.33565"/>
        <valUSD>277652.32</valUSD>
        <pctVal>0.0174970845</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>Cibanco S.A. Institucion de Banca Multiple</name>
        <lei>549300X3ORQ47V30YI07</lei>
        <title>Cibanco S.A. Institucion de Banca Multiple CBFI (PLA ADMINISTRADORA IND) 144A/REG S</title>
        <cusip>P2R51T187</cusip>
        <identifiers>
          <isin value="MXCFTE0B0005"/>
          <ticker value="CBAOF"/>
        </identifiers>
        <balance>545600</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.4755"/>
        <valUSD>761289.93</valUSD>
        <pctVal>0.0479749431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RioCan Real Estate Investment Trust</name>
        <lei>549300S8HVUSEU3JBY60</lei>
        <title>RioCan Real Estate Investment Trust UNIT</title>
        <cusip>766910103</cusip>
        <identifiers>
          <isin value="CA7669101031"/>
          <ticker value="RIOCF"/>
        </identifiers>
        <balance>108401</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>1965863.43</valUSD>
        <pctVal>0.1238847153</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Equity Residential Properties Trust</name>
        <lei>5493008RACSH5EP3PI59</lei>
        <title>Equity Residential Properties Trust SBI USD0.01</title>
        <cusip>29476L107</cusip>
        <identifiers>
          <isin value="US29476L1070"/>
          <ticker value="EQR"/>
        </identifiers>
        <balance>248267</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22468163.5</valUSD>
        <pctVal>1.4158979691</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>CDN Apartment Prop</name>
        <lei>549300B1MYVTQEB2DI90</lei>
        <title>CDN Apartment Prop TRUST UNITS</title>
        <cusip>134921105</cusip>
        <identifiers>
          <isin value="CA1349211054"/>
          <ticker value="CDPYF"/>
        </identifiers>
        <balance>58853</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>2789695.94</valUSD>
        <pctVal>0.1758009646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cominar Real Estate Investment Trust</name>
        <lei>549300UPHCRPB5SL8E15</lei>
        <title>Cominar Real Estate Investment Trust TRUST UNITS</title>
        <cusip>199910100</cusip>
        <identifiers>
          <isin value="CA1999101001"/>
          <ticker value="CMLEF"/>
        </identifiers>
        <balance>61359</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>567047.48</valUSD>
        <pctVal>0.0357341790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brixmor Property Group Inc</name>
        <lei>5299007UXW6Y0W2EGZ95</lei>
        <title>Brixmor Property Group Inc COM USD0.01</title>
        <cusip>11120U105</cusip>
        <identifiers>
          <isin value="US11120U1051"/>
          <ticker value="BRX"/>
        </identifiers>
        <balance>207000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5259870</valUSD>
        <pctVal>0.3314663101</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>Argosy Property Limited</name>
        <lei>N/A</lei>
        <title>Argosy Property Limited NPV</title>
        <cusip>Q0525Z126</cusip>
        <identifiers>
          <isin value="NZARGE0010S7"/>
          <ticker value="IGPYF"/>
        </identifiers>
        <balance>604857</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.4600671"/>
        <valUSD>662484.5</valUSD>
        <pctVal>0.0417484259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhongliang Holdings Group Company Limited</name>
        <lei>549300SKDRW33OJQFH41</lei>
        <title>Zhongliang Holdings Group Company Limited HKD0.01</title>
        <cusip>G9898C102</cusip>
        <identifiers>
          <isin value="KYG9898C1024"/>
          <ticker value="2772"/>
        </identifiers>
        <balance>492000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>230216.51</valUSD>
        <pctVal>0.0145077763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Slate Grocery Reit</name>
        <lei>5493007WH5UCZ7KXH140</lei>
        <title>Slate Grocery Reit UNIT CL U</title>
        <cusip>831062203</cusip>
        <identifiers>
          <isin value="CA8310622037"/>
          <ticker value="SRRTF"/>
        </identifiers>
        <balance>19272</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>219846.6</valUSD>
        <pctVal>0.0138542856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Home Reit Plc</name>
        <lei>213800A53AOVH3FCGG44</lei>
        <title>Home Reit Plc ORD GBP0.01</title>
        <cusip>G4579X103</cusip>
        <identifiers>
          <isin value="GB00BJP5HK17"/>
          <ticker value="HOME"/>
        </identifiers>
        <balance>396024</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>697070.05</valUSD>
        <pctVal>0.0439279369</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>Centerspace</name>
        <lei>5493002LG2SH9EEHT720</lei>
        <title>Centerspace COM</title>
        <cusip>15202L107</cusip>
        <identifiers>
          <isin value="US15202L1070"/>
          <ticker value="CSR"/>
        </identifiers>
        <balance>9908</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1098797.2</valUSD>
        <pctVal>0.0692439649</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>Greenland Hong Kong Holdings Ltd</name>
        <lei>549300SQS5QFUUV6IS14</lei>
        <title>Greenland Hong Kong Holdings Ltd HKD0.5</title>
        <cusip>G4587S104</cusip>
        <identifiers>
          <isin value="KYG4587S1049"/>
          <ticker value="337"/>
        </identifiers>
        <balance>633000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>121785.58</valUSD>
        <pctVal>0.0076746796</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>Matrix Concepts Holdings Berhad</name>
        <lei>N/A</lei>
        <title>Matrix Concepts Holdings Berhad MYR1</title>
        <cusip>Y5840A103</cusip>
        <identifiers>
          <isin value="MYL5236OO004"/>
          <ticker value="MCH"/>
        </identifiers>
        <balance>323200</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.166"/>
        <valUSD>170708.31</valUSD>
        <pctVal>0.0107576905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hamborner Reit Ag</name>
        <lei>529900EJTD8IR1GN0P96</lei>
        <title>Hamborner Reit Ag NPV (REG)</title>
        <cusip>D29316144</cusip>
        <identifiers>
          <isin value="DE000A3H2333"/>
          <ticker value="HABA"/>
        </identifiers>
        <balance>48171</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>549388.19</valUSD>
        <pctVal>0.0346213264</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>Cromwell European Real Estate Invt Tr</name>
        <lei>21380093RFHTC319NL93</lei>
        <title>Cromwell European Real Estate Invt Tr NPV CROMWELL REIT EUR</title>
        <cusip>Y1867K124</cusip>
        <identifiers>
          <isin value="SGXC37098255"/>
          <ticker value="CRMWF"/>
        </identifiers>
        <balance>215971</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>622136.82</valUSD>
        <pctVal>0.0392057971</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>Godrej Properties</name>
        <lei>335800KM3Y5NZWXOE183</lei>
        <title>Godrej Properties INR5</title>
        <cusip>Y2735G139</cusip>
        <identifiers>
          <isin value="INE484J01027"/>
          <ticker value="GODREJPROP"/>
        </identifiers>
        <balance>87965</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.33565"/>
        <valUSD>2215273.53</valUSD>
        <pctVal>0.1396020325</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>Frontier Real Estate Investment Corporation</name>
        <lei>N/A</lei>
        <title>Frontier Real Estate Investment Corporation REIT</title>
        <cusip>J1516D106</cusip>
        <identifiers>
          <isin value="JP3046200006"/>
          <ticker value="8964"/>
        </identifiers>
        <balance>341</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1473352.27</valUSD>
        <pctVal>0.0928476636</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>Leading Holdings Group Limited</name>
        <lei>N/A</lei>
        <title>Leading Holdings Group Limited HKD0.01</title>
        <cusip>G5410P100</cusip>
        <identifiers>
          <isin value="KYG5410P1000"/>
          <ticker value="6999"/>
        </identifiers>
        <balance>208000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>119773.35</valUSD>
        <pctVal>0.0075478729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Phillips Edison &amp; Co Inc</name>
        <lei>N/A</lei>
        <title>Phillips Edison &amp; Co Inc COMMON STOCK</title>
        <cusip>71844V201</cusip>
        <identifiers>
          <isin value="US71844V2016"/>
          <ticker value="PECO"/>
        </identifiers>
        <balance>13631</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>450368.24</valUSD>
        <pctVal>0.0283812905</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 Logistics Fund Inc.</name>
        <lei>3538004KZWISCQO70151</lei>
        <title>Japan Logistics Fund Inc. REIT</title>
        <cusip>J2785A104</cusip>
        <identifiers>
          <isin value="JP3046230003"/>
          <ticker value="8967"/>
        </identifiers>
        <balance>569</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1761410.25</valUSD>
        <pctVal>0.1110004917</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>Kenedix Office Investement Corporation</name>
        <lei>353800FFT483NCIHFY42</lei>
        <title>Kenedix Office Investement Corporation REIT</title>
        <cusip>J32922106</cusip>
        <identifiers>
          <isin value="JP3046270009"/>
          <ticker value="8972"/>
        </identifiers>
        <balance>299</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1847265.9</valUSD>
        <pctVal>0.1164109401</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 Frontier Fudos</name>
        <lei>N/A</lei>
        <title>SUN Frontier Fudos NPV</title>
        <cusip>J7808L102</cusip>
        <identifiers>
          <isin value="JP3336950005"/>
          <ticker value="8934"/>
        </identifiers>
        <balance>18700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>163072.25</valUSD>
        <pctVal>0.0102764815</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>Hankyu Hanshin REIT Inc</name>
        <lei>N/A</lei>
        <title>Hankyu Hanshin REIT Inc REIT</title>
        <cusip>J19573104</cusip>
        <identifiers>
          <isin value="JP3046320002"/>
          <ticker value="8977"/>
        </identifiers>
        <balance>427</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>588649.48</valUSD>
        <pctVal>0.0370954931</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>Boardwalk Real Estate Investment Trust</name>
        <lei>549300KXE6YWGWBI0U31</lei>
        <title>Boardwalk Real Estate Investment Trust TRUST UNITS</title>
        <cusip>096631106</cusip>
        <identifiers>
          <isin value="CA0966311064"/>
          <ticker value="BOWFF"/>
        </identifiers>
        <balance>16361</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>709177.15</valUSD>
        <pctVal>0.0446909017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Granite Real Estate Investment Trust</name>
        <lei>549300U7HUKRB4S4KZ73</lei>
        <title>Granite Real Estate Investment Trust STAPLED UNIT (1 ORD &amp; 1 UNI</title>
        <cusip>387437114</cusip>
        <identifiers>
          <isin value="CA3874371147"/>
          <ticker value="GRP/U"/>
        </identifiers>
        <balance>22462</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>1871611.37</valUSD>
        <pctVal>0.1179451421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Heiwa Real Estate Reit Inc</name>
        <lei>N/A</lei>
        <title>Heiwa Real Estate Reit Inc REIT</title>
        <cusip>J1927C101</cusip>
        <identifiers>
          <isin value="JP3046220004"/>
          <ticker value="8966"/>
        </identifiers>
        <balance>627</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>852891.38</valUSD>
        <pctVal>0.0537474802</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>Dongwon Devmt</name>
        <lei>N/A</lei>
        <title>Dongwon Devmt KRW500</title>
        <cusip>Y2096U107</cusip>
        <identifiers>
          <isin value="KR7013120001"/>
          <ticker value="A013120"/>
        </identifiers>
        <balance>28359</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.75"/>
        <valUSD>126728.52</valUSD>
        <pctVal>0.0079861736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frasers Centrepoint Trust</name>
        <lei>5493002RGQ266FKERZ83</lei>
        <title>Frasers Centrepoint Trust NPV (REAL ESTATE INVESTMENT TRUST)</title>
        <cusip>Y2642S101</cusip>
        <identifiers>
          <isin value="SG1T60930966"/>
          <ticker value="FRZCF"/>
        </identifiers>
        <balance>712709</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>1221710.86</valUSD>
        <pctVal>0.0769897337</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 Hotel REIT Investment Corporation</name>
        <lei>353800L8KG849FP1JI68</lei>
        <title>Japan Hotel REIT Investment Corporation REIT</title>
        <cusip>J2761Q107</cusip>
        <identifiers>
          <isin value="JP3046400002"/>
          <ticker value="NIPOF"/>
        </identifiers>
        <balance>3164</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1545911.71</valUSD>
        <pctVal>0.0974202120</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>Nomura Real Estate Holdings Inc</name>
        <lei>N/A</lei>
        <title>Nomura Real Estate Holdings Inc NPV</title>
        <cusip>J5893B104</cusip>
        <identifiers>
          <isin value="JP3762900003"/>
          <ticker value="NMEHF"/>
        </identifiers>
        <balance>82700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1903215</valUSD>
        <pctVal>0.1199367386</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>CapitaLand China Trust</name>
        <lei>5493007T7JU82E186P49</lei>
        <title>CapitaLand China Trust NPV (REAL ESTATE INVESTMENT TRUST)</title>
        <cusip>Y1092E109</cusip>
        <identifiers>
          <isin value="SG1U25933169"/>
          <ticker value="CLDHF"/>
        </identifiers>
        <balance>732727</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>647260.08</valUSD>
        <pctVal>0.0407890139</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>Allied Properties REIT</name>
        <lei>549300AMZMPKVHA0MY77</lei>
        <title>Allied Properties REIT TRUST UNITS</title>
        <cusip>019456102</cusip>
        <identifiers>
          <isin value="CA0194561027"/>
          <ticker value="APYRF"/>
        </identifiers>
        <balance>43169</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>1499883.43</valUSD>
        <pctVal>0.0945196034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Interrent Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>Interrent Real Estate Investment Trust TRUST UNITS</title>
        <cusip>46071W205</cusip>
        <identifiers>
          <isin value="CA46071W2058"/>
          <ticker value="IIPZF"/>
        </identifiers>
        <balance>49289</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>674487.21</valUSD>
        <pctVal>0.0425048122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Farglory Land Development Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Farglory Land Development Co., Ltd. TWD10</title>
        <cusip>Y2642L106</cusip>
        <identifiers>
          <isin value="TW0005522007"/>
          <ticker value="5522"/>
        </identifiers>
        <balance>158000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.667"/>
        <valUSD>353463.37</valUSD>
        <pctVal>0.0222745427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GPT Group</name>
        <lei>549300N0X6IGFL5O5R09</lei>
        <title>GPT Group NPV (STAPLED SECURITIES)</title>
        <cusip>Q4252X155</cusip>
        <identifiers>
          <isin value="AU000000GPT8"/>
          <ticker value="GPTGF"/>
        </identifiers>
        <balance>1337479</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>5275454.24</valUSD>
        <pctVal>0.3324483972</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>Dream Industrial Real Estate Investment Trust</name>
        <lei>549300QOI0TM3CBYUH79</lei>
        <title>Dream Industrial Real Estate Investment Trust TRUST UNIT</title>
        <cusip>26153W109</cusip>
        <identifiers>
          <isin value="CA26153W1095"/>
          <ticker value="DREUF"/>
        </identifiers>
        <balance>72653</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>989038.82</valUSD>
        <pctVal>0.0623272150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Areit Inc</name>
        <lei>N/A</lei>
        <title>Areit Inc PHP10</title>
        <cusip>Y1001D101</cusip>
        <identifiers>
          <isin value="PHY1001D1010"/>
          <ticker value="AREIT"/>
        </identifiers>
        <balance>295100</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.9925"/>
        <valUSD>281675.06</valUSD>
        <pctVal>0.0177505894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Indiabulls Real Estate Limited</name>
        <lei>335800BB14JHMN4NZI69</lei>
        <title>Indiabulls Real Estate Limited INR2</title>
        <cusip>Y3912A101</cusip>
        <identifiers>
          <isin value="INE069I01010"/>
          <ticker value="IBREALEST"/>
        </identifiers>
        <balance>127362</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.33565"/>
        <valUSD>269772.51</valUSD>
        <pctVal>0.0170005149</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>UDR Inc</name>
        <lei>P3CH2EG5X6Z1XWU1OO74</lei>
        <title>UDR Inc COM USD0.01</title>
        <cusip>902653104</cusip>
        <identifiers>
          <isin value="US9026531049"/>
          <ticker value="UDR"/>
        </identifiers>
        <balance>207140</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12426328.6</valUSD>
        <pctVal>0.7830819563</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>Mindspace Business Parks REIT</name>
        <lei>335800KNDFQZVN5X6W64</lei>
        <title>Mindspace Business Parks REIT NPV(REIT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE0CCU25019"/>
          <ticker value="MINDSPACE"/>
        </identifiers>
        <balance>106200</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.33565"/>
        <valUSD>467625.91</valUSD>
        <pctVal>0.0294688338</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>Broadstone Net Lease Inc</name>
        <lei>N/A</lei>
        <title>Broadstone Net Lease Inc COM</title>
        <cusip>11135E203</cusip>
        <identifiers>
          <isin value="US11135E2037"/>
          <ticker value="BNL"/>
        </identifiers>
        <balance>110783</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2749634.06</valUSD>
        <pctVal>0.1732763464</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>Yuexiu Property Co Ltd</name>
        <lei>529900GASK6R1FD08W10</lei>
        <title>Yuexiu Property Co Ltd NPV</title>
        <cusip>Y9863Z128</cusip>
        <identifiers>
          <isin value="HK0000745908"/>
          <ticker value="123"/>
        </identifiers>
        <balance>994288.4</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>876071.6</valUSD>
        <pctVal>0.0552082505</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>RTS. YUEXIU REAL ESTATE I</name>
        <lei>N/A</lei>
        <title>RTS. YUEXIU REAL ESTATE I</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="4AXPC7U"/>
        </identifiers>
        <balance>429940</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>1654.13</valUSD>
        <pctVal>0.0001042399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="RIGHT"/>
        <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>Kerry Properties Ltd</name>
        <lei>5299006T5ULIIRZ7LK49</lei>
        <title>Kerry Properties Ltd ORD HKD1</title>
        <cusip>G52440107</cusip>
        <identifiers>
          <isin value="BMG524401079"/>
          <ticker value="KRYPF"/>
        </identifiers>
        <balance>404599</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>1053740.7</valUSD>
        <pctVal>0.0664045959</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>Kindom Development Company Limited</name>
        <lei>N/A</lei>
        <title>Kindom Development Company Limited TWD10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002520004"/>
          <ticker value="2520"/>
        </identifiers>
        <balance>229900</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.667"/>
        <valUSD>313363.55</valUSD>
        <pctVal>0.0197475336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jhsf Participacoes</name>
        <lei>N/A</lei>
        <title>Jhsf Participacoes COM NPV</title>
        <cusip>P6050T105</cusip>
        <identifiers>
          <isin value="BRJHSFACNOR2"/>
          <ticker value="JHSF3"/>
        </identifiers>
        <balance>221263</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.57"/>
        <valUSD>221784.15</valUSD>
        <pctVal>0.0139763861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suntec Real Estate Investment Trust</name>
        <lei>549300C46QFXSI2F4K13</lei>
        <title>Suntec Real Estate Investment Trust NPV (REAL ESTATE INVESTMENT TRUST)</title>
        <cusip>Y82954101</cusip>
        <identifiers>
          <isin value="SG1Q52922370"/>
          <ticker value="SURVF"/>
        </identifiers>
        <balance>1385191</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>1550992.72</valUSD>
        <pctVal>0.0977404069</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>Crombie Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>Crombie Real Estate Investment Trust TRUST UNITS</title>
        <cusip>227107109</cusip>
        <identifiers>
          <isin value="CA2271071094"/>
          <ticker value="CROMF"/>
        </identifiers>
        <balance>32736</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>481872.26</valUSD>
        <pctVal>0.0303666098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northern Inst Fds</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Inst Fds GOVT PTFL</title>
        <cusip>665278404</cusip>
        <identifiers>
          <isin value="US6652784041"/>
          <ticker value="BNGXX"/>
        </identifiers>
        <balance>7908188.39</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7908188.39</valUSD>
        <pctVal>0.4983579490</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cibus Nordic Real Estate AB</name>
        <lei>549300PW36MFK96GCR23</lei>
        <title>Cibus Nordic Real Estate AB NPV</title>
        <cusip>W24214103</cusip>
        <identifiers>
          <isin value="SE0010832204"/>
          <ticker value="CIBUS"/>
        </identifiers>
        <balance>25514</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>819875.3</valUSD>
        <pctVal>0.0516668740</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>Bsr Real Estate Invt Tr</name>
        <lei>N/A</lei>
        <title>Bsr Real Estate Invt Tr UNIT</title>
        <cusip>05585D103</cusip>
        <identifiers>
          <isin value="CA05585D1033"/>
          <ticker value="BSRTF"/>
        </identifiers>
        <balance>16573</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>293176.37</valUSD>
        <pctVal>0.0184753786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Heliopolis Housing</name>
        <lei>N/A</lei>
        <title>Heliopolis Housing EGP0.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EGS65591C017"/>
          <ticker value="HELI"/>
        </identifiers>
        <balance>331796</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="15.71"/>
        <valUSD>141725.18</valUSD>
        <pctVal>0.0089312326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Estate Co Ltd</name>
        <lei>353800KOFMRGOXSJ5Z65</lei>
        <title>Mitsubishi Estate Co Ltd NPV</title>
        <cusip>J43916113</cusip>
        <identifiers>
          <isin value="JP3899600005"/>
          <ticker value="MITEF"/>
        </identifiers>
        <balance>825080</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>11437822.1</valUSD>
        <pctVal>0.7207882871</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 NPV</title>
        <cusip>J4509L101</cusip>
        <identifiers>
          <isin value="JP3893200000"/>
          <ticker value="MTSFF"/>
        </identifiers>
        <balance>639862</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>12675207.16</valUSD>
        <pctVal>0.7987657770</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>Zhuguang Hldg Gp</name>
        <lei>N/A</lei>
        <title>Zhuguang Hldg Gp ORD HKD0.10</title>
        <cusip>G9908J105</cusip>
        <identifiers>
          <isin value="BMG9908J1053"/>
          <ticker value="1176"/>
        </identifiers>
        <balance>1272000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>264272.11</valUSD>
        <pctVal>0.0166538909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DLF Limited</name>
        <lei>335800PJLUEOB8914F48</lei>
        <title>DLF Limited INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE271C01023"/>
          <ticker value="DLF"/>
        </identifiers>
        <balance>430036</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.33565"/>
        <valUSD>2259326.79</valUSD>
        <pctVal>0.1423781794</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>Robinsons Land Corporation Rlc</name>
        <lei>254900BUUS5N9MUSIS52</lei>
        <title>Robinsons Land Corporation Rlc PHP1</title>
        <cusip>Y73196126</cusip>
        <identifiers>
          <isin value="PHY731961264"/>
          <ticker value="RBLAF"/>
        </identifiers>
        <balance>1485096</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.9925"/>
        <valUSD>559133.02</valUSD>
        <pctVal>0.0352354258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAH Sing Group Bhd</name>
        <lei>N/A</lei>
        <title>MAH Sing Group Bhd NPV</title>
        <cusip>Y5418R108</cusip>
        <identifiers>
          <isin value="MYL8583OO006"/>
          <ticker value="MSGB"/>
        </identifiers>
        <balance>840300</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.166"/>
        <valUSD>139167.74</valUSD>
        <pctVal>0.0087700679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KWG Group Holdings Limited</name>
        <lei>549300LK82ZOM9ZE7H90</lei>
        <title>KWG Group Holdings Limited HKD0.10</title>
        <cusip>G53224104</cusip>
        <identifiers>
          <isin value="KYG532241042"/>
          <ticker value="KWGPF"/>
        </identifiers>
        <balance>909594</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>594967.81</valUSD>
        <pctVal>0.0374936614</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>Huijing Holdings Company Limited</name>
        <lei>N/A</lei>
        <title>Huijing Holdings Company Limited HKD0.01</title>
        <cusip>G4644T103</cusip>
        <identifiers>
          <isin value="KYG4644T1031"/>
          <ticker value="9968"/>
        </identifiers>
        <balance>520000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>130036.29</valUSD>
        <pctVal>0.0081946225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ganglong China Property Group Limited</name>
        <lei>54930078H4OZ5PWZZ326</lei>
        <title>Ganglong China Property Group Limited HKD0.01</title>
        <cusip>G37304105</cusip>
        <identifiers>
          <isin value="KYG373041055"/>
          <ticker value="6968"/>
        </identifiers>
        <balance>337000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>197526.46</valUSD>
        <pctVal>0.0124477158</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>Road King Infrastructure Limited</name>
        <lei>N/A</lei>
        <title>Road King Infrastructure Limited HKD0.10</title>
        <cusip>G76058109</cusip>
        <identifiers>
          <isin value="BMG760581097"/>
          <ticker value="RKGXF"/>
        </identifiers>
        <balance>172000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>157490.74</valUSD>
        <pctVal>0.0099247461</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>Goodman Property Trust</name>
        <lei>N/A</lei>
        <title>Goodman Property Trust NPV</title>
        <cusip>Q4232A119</cusip>
        <identifiers>
          <isin value="NZCPTE0001S9"/>
          <ticker value="GPPYF"/>
        </identifiers>
        <balance>780478</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.4600671"/>
        <valUSD>1379287.79</valUSD>
        <pctVal>0.0869199114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Growthpoint Properties Australia</name>
        <lei>529900VCPJ9IEDF4TJ03</lei>
        <title>Growthpoint Properties Australia A-REIT</title>
        <cusip>Q4359J133</cusip>
        <identifiers>
          <isin value="AU000000GOZ8"/>
          <ticker value="GOZEUR"/>
        </identifiers>
        <balance>214022</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>679196.36</valUSD>
        <pctVal>0.0428015733</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>Shanghai Lujiazui Finance&amp;Trade Zone Development Co.,Ltd.</name>
        <lei>300300M6JC23UUM9IN72</lei>
        <title>Shanghai Lujiazui Finance&amp;Trade Zone Development Co.,Ltd. 'B'SHS CNYU1</title>
        <cusip>Y7686Q119</cusip>
        <identifiers>
          <isin value="CNE000000HH6"/>
          <ticker value="90093USD"/>
        </identifiers>
        <balance>786751</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>716872.78</valUSD>
        <pctVal>0.0451758647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sunac Services Holdings Limited</name>
        <lei>549300K4OFRSVPWF2W77</lei>
        <title>Sunac Services Holdings Limited HKD0.01</title>
        <cusip>G8569B104</cusip>
        <identifiers>
          <isin value="KYG8569B1041"/>
          <ticker value="SSHLF"/>
        </identifiers>
        <balance>.07</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>.07</valUSD>
        <pctVal>0.0000000044</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>Hopson Development Holdings Limited</name>
        <lei>549300HYMKPTC1DTZS42</lei>
        <title>Hopson Development Holdings Limited HKD0.10(POST B/L CHANGE)</title>
        <cusip>G4600H119</cusip>
        <identifiers>
          <isin value="BMG4600H1198"/>
          <ticker value="754"/>
        </identifiers>
        <balance>511390</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>1066043.04</valUSD>
        <pctVal>0.0671798643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hulic Co Ltd</name>
        <lei>N/A</lei>
        <title>Hulic Co Ltd NPV</title>
        <cusip>J23594112</cusip>
        <identifiers>
          <isin value="JP3360800001"/>
          <ticker value="HULCF"/>
        </identifiers>
        <balance>264140</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>2507825.82</valUSD>
        <pctVal>0.1580380829</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>Sino Land Co Ltd</name>
        <lei>529900G5P51053HJVZ92</lei>
        <title>Sino Land Co Ltd NPV</title>
        <cusip>Y80267126</cusip>
        <identifiers>
          <isin value="HK0083000502"/>
          <ticker value="SNLAF"/>
        </identifiers>
        <balance>2316299</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>2885456.98</valUSD>
        <pctVal>0.1818356306</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>Vista Land &amp; Lifescapes, Inc.</name>
        <lei>N/A</lei>
        <title>Vista Land &amp; Lifescapes, Inc. PHP1</title>
        <cusip>Y9382G106</cusip>
        <identifiers>
          <isin value="PHY9382G1068"/>
          <ticker value="VLL"/>
        </identifiers>
        <balance>2363400</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.9925"/>
        <valUSD>163601.87</valUSD>
        <pctVal>0.0103098571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SM Prime Holdings Inc</name>
        <lei>254900SZK83MIAB8CU32</lei>
        <title>SM Prime Holdings Inc ORD PHP1</title>
        <cusip>Y8076N112</cusip>
        <identifiers>
          <isin value="PHY8076N1120"/>
          <ticker value="SPHXF"/>
        </identifiers>
        <balance>7043853</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.9925"/>
        <valUSD>4684202.73</valUSD>
        <pctVal>0.2951889295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samty Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Samty Co. Ltd. NPV</title>
        <cusip>J6779P100</cusip>
        <identifiers>
          <isin value="JP3322970009"/>
          <ticker value="3244"/>
        </identifiers>
        <balance>22100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>422137.76</valUSD>
        <pctVal>0.0266022631</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>Ascendas India Trust</name>
        <lei>N/A</lei>
        <title>Ascendas India Trust UNITS NPV</title>
        <cusip>Y0259C104</cusip>
        <identifiers>
          <isin value="SG1V35936920"/>
          <ticker value="ACNDF"/>
        </identifiers>
        <balance>622200</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>655941.83</valUSD>
        <pctVal>0.0413361201</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>Orion Office Reit Inc</name>
        <lei>N/A</lei>
        <title>Orion Office Reit Inc COM</title>
        <cusip>68629Y103</cusip>
        <identifiers>
          <isin value="US68629Y1038"/>
          <ticker value="ONL"/>
        </identifiers>
        <balance>38971</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>727588.57</valUSD>
        <pctVal>0.0458511519</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>Iguatemi S.A.</name>
        <lei>N/A</lei>
        <title>Iguatemi S.A. UNITS(1 COM &amp; 2 PRF)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRIGTICDAM16"/>
          <ticker value="IGTI11"/>
        </identifiers>
        <balance>6</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.57"/>
        <valUSD>19.46</valUSD>
        <pctVal>0.0000012263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Multiplan Empreendimentos Imob SA</name>
        <lei>N/A</lei>
        <title>Multiplan Empreendimentos Imob SA COM NPV</title>
        <cusip>P69913104</cusip>
        <identifiers>
          <isin value="BRMULTACNOR5"/>
          <ticker value="MULT3"/>
        </identifiers>
        <balance>197272</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.57"/>
        <valUSD>662193.73</valUSD>
        <pctVal>0.0417301021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Stockland Corporation Limited</name>
        <lei>549300Y8E5TMSOLM7P64</lei>
        <title>Stockland Corporation Limited NPV (STAPLED)</title>
        <cusip>Q8773B105</cusip>
        <identifiers>
          <isin value="AU000000SGP0"/>
          <ticker value="STKAF"/>
        </identifiers>
        <balance>1665283</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>5139319.92</valUSD>
        <pctVal>0.3238694893</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>RTS. SEAZEN GRP.</name>
        <lei>N/A</lei>
        <title>RTS. SEAZEN GRP.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="5AXSVNU"/>
        </identifiers>
        <balance>71904</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="RIGHT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Link Real Estate Investment Trust</name>
        <lei>529900XUE70U36QX5M62</lei>
        <title>Link Real Estate Investment Trust UNITS</title>
        <cusip>Y5281M111</cusip>
        <identifiers>
          <isin value="HK0823032773"/>
          <ticker value="LKREF"/>
        </identifiers>
        <balance>1496926</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>13187231.2</valUSD>
        <pctVal>0.8310324907</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>Sumitomo Realty &amp; Devmt Co Ltd</name>
        <lei>N/A</lei>
        <title>Sumitomo Realty &amp; Devmt Co Ltd NPV</title>
        <cusip>J77841112</cusip>
        <identifiers>
          <isin value="JP3409000001"/>
          <ticker value="SURDF"/>
        </identifiers>
        <balance>215825</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>6348012.77</valUSD>
        <pctVal>0.4000388545</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 NPV</title>
        <cusip>Y82594121</cusip>
        <identifiers>
          <isin value="HK0016000132"/>
          <ticker value="SUHJF"/>
        </identifiers>
        <balance>909425</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>11039877.69</valUSD>
        <pctVal>0.6957106397</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 Jinmao Holdings Group Limited</name>
        <lei>3003000CW9WBO3PJ7R66</lei>
        <title>China Jinmao Holdings Group Limited NPV</title>
        <cusip>Y1500V107</cusip>
        <identifiers>
          <isin value="HK0817039453"/>
          <ticker value="CJNHF"/>
        </identifiers>
        <balance>4018000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>1241952.12</valUSD>
        <pctVal>0.0782652968</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>Parkway Life Real</name>
        <lei>549300I4DKVD2OF5LW91</lei>
        <title>Parkway Life Real NPV (REAL ESTATE INVESTMENT TRUST)</title>
        <cusip>Y67202104</cusip>
        <identifiers>
          <isin value="SG1V52937132"/>
          <ticker value="PRKWF"/>
        </identifiers>
        <balance>278300</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>1059431.89</valUSD>
        <pctVal>0.0667632431</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>Yuexiu Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>Yuexiu Real Estate Investment Trust NPV (REIT)</title>
        <cusip>Y9865D109</cusip>
        <identifiers>
          <isin value="HK0405033157"/>
          <ticker value="YUXXF"/>
        </identifiers>
        <balance>1162000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>481396.61</valUSD>
        <pctVal>0.0303366353</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>Prosperity Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>Prosperity Real Estate Investment Trust NPV (REIT)</title>
        <cusip>Y7084Q109</cusip>
        <identifiers>
          <isin value="HK0808032913"/>
          <ticker value="PREUF"/>
        </identifiers>
        <balance>862000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>340561.68</valUSD>
        <pctVal>0.0214615045</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>TOC Co Ltd</name>
        <lei>5299004ARKE9M7JAGL73</lei>
        <title>TOC Co Ltd NPV</title>
        <cusip>J84248103</cusip>
        <identifiers>
          <isin value="JP3538400007"/>
          <ticker value="8841"/>
        </identifiers>
        <balance>15000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>86594.51</valUSD>
        <pctVal>0.0054570099</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>UOL Group Limited</name>
        <lei>254900O9PRCWTMR86R25</lei>
        <title>UOL Group Limited NPV</title>
        <cusip>Y9299W103</cusip>
        <identifiers>
          <isin value="SG1S83002349"/>
          <ticker value="UOLGF"/>
        </identifiers>
        <balance>319197</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>1680430.64</valUSD>
        <pctVal>0.1058973214</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>Aventus Group</name>
        <lei>N/A</lei>
        <title>Aventus Group UNITS</title>
        <cusip>Q1R25C105</cusip>
        <identifiers>
          <isin value="AU000000AVN2"/>
          <ticker value="AVN"/>
        </identifiers>
        <balance>239863</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>628517.07</valUSD>
        <pctVal>0.0396078675</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>Segro Plc</name>
        <lei>213800XC35KGM9NFC641</lei>
        <title>Segro Plc ORD GBP0.10</title>
        <cusip>G80277141</cusip>
        <identifiers>
          <isin value="GB00B5ZN1N88"/>
          <ticker value="SEGXF"/>
        </identifiers>
        <balance>837341</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>16265547.61</valUSD>
        <pctVal>1.0250217303</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>Champion Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>Champion Real Estate Investment Trust REIT</title>
        <cusip>Y1292D109</cusip>
        <identifiers>
          <isin value="HK2778034606"/>
          <ticker value="CMPNF"/>
        </identifiers>
        <balance>1423846</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>728647.87</valUSD>
        <pctVal>0.0459179069</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>Sunlight Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>Sunlight Real Estate Investment Trust NPV REIT</title>
        <cusip>Y8239W108</cusip>
        <identifiers>
          <isin value="HK0435036626"/>
          <ticker value="SHTRF"/>
        </identifiers>
        <balance>692000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>385196.93</valUSD>
        <pctVal>0.0242743271</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>Artis Real Estate Investment Trust</name>
        <lei>549300OG2O5VI2N1XS44</lei>
        <title>Artis Real Estate Investment Trust TRUST UNITS CAD</title>
        <cusip>04315L105</cusip>
        <identifiers>
          <isin value="CA04315L1058"/>
          <ticker value="ARESF"/>
        </identifiers>
        <balance>46570</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>439579.27</valUSD>
        <pctVal>0.0277013916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morguard North American Residential Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>Morguard North American Residential Real Estate Investment Trust TR UNIT</title>
        <cusip>61761E100</cusip>
        <identifiers>
          <isin value="CA61761E1007"/>
          <ticker value="MNARF"/>
        </identifiers>
        <balance>11716</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>164030.48</valUSD>
        <pctVal>0.0103368673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SmartCentres Real Estate Investment Trust</name>
        <lei>549300HKEP2IYWZ14H97</lei>
        <title>SmartCentres Real Estate Investment Trust VARIABLE VTG UNITS</title>
        <cusip>83179X108</cusip>
        <identifiers>
          <isin value="CA83179X1087"/>
          <ticker value="CWYUF"/>
        </identifiers>
        <balance>49888</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>1269532.17</valUSD>
        <pctVal>0.0800033354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Corem Property Grp</name>
        <lei>213800CHXQQD7TSS1T59</lei>
        <title>Corem Property Grp SER'B'NPV</title>
        <cusip>W2R19Q152</cusip>
        <identifiers>
          <isin value="SE0010714287"/>
          <ticker value="CORE B"/>
        </identifiers>
        <balance>432224</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>1561752.86</valUSD>
        <pctVal>0.0984184890</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>Ascott Residence Trust</name>
        <lei>549300W6RTG7Y32IWY65</lei>
        <title>Ascott Residence Trust UNITS REIT</title>
        <cusip>Y0261Y177</cusip>
        <identifiers>
          <isin value="SGXC16332337"/>
          <ticker value="ATTRF"/>
        </identifiers>
        <balance>1296714</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>991275.21</valUSD>
        <pctVal>0.0624681477</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>Warehouses De Pauw N.V.</name>
        <lei>549300HWDYC5JXC85138</lei>
        <title>Warehouses De Pauw N.V. NPV</title>
        <cusip>B9T59Z100</cusip>
        <identifiers>
          <isin value="BE0974349814"/>
          <ticker value="WDPSF"/>
        </identifiers>
        <balance>96179</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>4619957.52</valUSD>
        <pctVal>0.2911403271</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>Longfor Group Hldgs Ltd</name>
        <lei>254900UJX27B2F1JYR13</lei>
        <title>Longfor Group Hldgs Ltd HKD0.10</title>
        <cusip>G5635P109</cusip>
        <identifiers>
          <isin value="KYG5635P1090"/>
          <ticker value="LNGPF"/>
        </identifiers>
        <balance>1269500</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>5975783.91</valUSD>
        <pctVal>0.3765817487</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>Swire Properties Limited</name>
        <lei>5299001L12PHYVQ92465</lei>
        <title>Swire Properties Limited NPV</title>
        <cusip>Y83191109</cusip>
        <identifiers>
          <isin value="HK0000063609"/>
          <ticker value="SWPFF"/>
        </identifiers>
        <balance>818200</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>2050571.6</valUSD>
        <pctVal>0.1292228519</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>Fortune R/Est Inv</name>
        <lei>N/A</lei>
        <title>Fortune R/Est Inv NPV (REAL ESTATE INVESTMENT TRUST)</title>
        <cusip>Y2616W104</cusip>
        <identifiers>
          <isin value="SG1O33912138"/>
          <ticker value="FRIVF"/>
        </identifiers>
        <balance>1031000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>1059182.5</valUSD>
        <pctVal>0.0667475270</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>American Assets Trust Inc.</name>
        <lei>N/A</lei>
        <title>American Assets Trust Inc. COM USD0.01</title>
        <cusip>024013104</cusip>
        <identifiers>
          <isin value="US0240131047"/>
          <ticker value="AAT"/>
        </identifiers>
        <balance>35712</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1340271.36</valUSD>
        <pctVal>0.0844611753</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>Waypoint Reit</name>
        <lei>5493003CS5K82RREKA54</lei>
        <title>Waypoint Reit STAPLED SECURITIES</title>
        <cusip>Q95666105</cusip>
        <identifiers>
          <isin value="AU0000088064"/>
          <ticker value="VIEGF"/>
        </identifiers>
        <balance>520539.6296</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>1072997.69</valUSD>
        <pctVal>0.0676181322</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>NETSTREIT Corp</name>
        <lei>N/A</lei>
        <title>NETSTREIT Corp COM</title>
        <cusip>64119V303</cusip>
        <identifiers>
          <isin value="US64119V3033"/>
          <ticker value="NTST"/>
        </identifiers>
        <balance>26928</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>616651.2</valUSD>
        <pctVal>0.0388601045</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>PT Pakuwon Jati Tbk</name>
        <lei>254900GUXQAQB065PM73</lei>
        <title>PT Pakuwon Jati Tbk IDR25</title>
        <cusip>Y712CA107</cusip>
        <identifiers>
          <isin value="ID1000122500"/>
          <ticker value="PTPKF"/>
        </identifiers>
        <balance>11677340</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14252.5"/>
        <valUSD>380640.61</valUSD>
        <pctVal>0.0239871971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mapletree North Asia Commercial Trust</name>
        <lei>5493006BB2S52YF6CU81</lei>
        <title>Mapletree North Asia Commercial Trust NPV</title>
        <cusip>Y5759X102</cusip>
        <identifiers>
          <isin value="SG2F55990442"/>
          <ticker value="MTGCF"/>
        </identifiers>
        <balance>1563800</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>1288081.03</valUSD>
        <pctVal>0.0811722469</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>Jr Global Reit</name>
        <lei>N/A</lei>
        <title>Jr Global Reit KRW1000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7348950007"/>
          <ticker value="A348950"/>
        </identifiers>
        <balance>70463</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.75"/>
        <valUSD>315832.37</valUSD>
        <pctVal>0.0199031136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>K-Fast Holding AB</name>
        <lei>549300VT0UXKWES37P59</lei>
        <title>K-Fast Holding AB SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0016101679"/>
          <ticker value="KFAST B"/>
        </identifiers>
        <balance>41233</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>396184.99</valUSD>
        <pctVal>0.0249667723</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>Eurocommercial</name>
        <lei>724500SFK53FPNM68L95</lei>
        <title>Eurocommercial EUR10.00</title>
        <cusip>N31068195</cusip>
        <identifiers>
          <isin value="NL0015000K93"/>
          <ticker value="ECMPA"/>
        </identifiers>
        <balance>30211</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>656784.32</valUSD>
        <pctVal>0.0413892121</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITOCHU Advance Logistics Investment Corporation</name>
        <lei>N/A</lei>
        <title>ITOCHU Advance Logistics Investment Corporation REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3048770006"/>
          <ticker value="3493"/>
        </identifiers>
        <balance>395</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>628163.71</valUSD>
        <pctVal>0.0395855995</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>Gemdale Properties &amp; Inv Corp Ltd</name>
        <lei>N/A</lei>
        <title>Gemdale Properties &amp; Inv Corp Ltd HKD0.1</title>
        <cusip>G3911S103</cusip>
        <identifiers>
          <isin value="BMG3911S1035"/>
          <ticker value="535"/>
        </identifiers>
        <balance>4510000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>480107.13</valUSD>
        <pctVal>0.0302553749</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>S Immo AG</name>
        <lei>5299001QKV44IT3WPL26</lei>
        <title>S Immo AG NPV</title>
        <cusip>A5030U105</cusip>
        <identifiers>
          <isin value="AT0000652250"/>
          <ticker value="SPI"/>
        </identifiers>
        <balance>30462</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>753405.54</valUSD>
        <pctVal>0.0474780849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gecina SA</name>
        <lei>9695003E4MMA10IBTR26</lei>
        <title>Gecina SA EUR7.50</title>
        <cusip>F4268U171</cusip>
        <identifiers>
          <isin value="FR0010040865"/>
          <ticker value="GECFF"/>
        </identifiers>
        <balance>32031</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>4480172.11</valUSD>
        <pctVal>0.2823313348</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>Klepierre S.A.</name>
        <lei>969500PB4U31KEFHZ621</lei>
        <title>Klepierre S.A. EUR1.40</title>
        <cusip>F5396X102</cusip>
        <identifiers>
          <isin value="FR0000121964"/>
          <ticker value="KLPEF"/>
        </identifiers>
        <balance>141805</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>3362610.51</valUSD>
        <pctVal>0.2119048756</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>Seazen Group Limited</name>
        <lei>5493006M8GRAQRCSCD67</lei>
        <title>Seazen Group Limited HKD0.001</title>
        <cusip>G7956A109</cusip>
        <identifiers>
          <isin value="KYG7956A1094"/>
          <ticker value="SZENF"/>
        </identifiers>
        <balance>1510000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>1020722.2</valUSD>
        <pctVal>0.0643238371</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>Hammerson plc</name>
        <lei>213800G1C9KKVVDN1A60</lei>
        <title>Hammerson plc ORD GBP0.05</title>
        <cusip>G4273Q164</cusip>
        <identifiers>
          <isin value="GB00BK7YQK64"/>
          <ticker value="HMSNF"/>
        </identifiers>
        <balance>2214145.8</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>983523.97</valUSD>
        <pctVal>0.0619796803</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>Homeco Daily Needs Reit</name>
        <lei>N/A</lei>
        <title>Homeco Daily Needs Reit NPV</title>
        <cusip>Q46596104</cusip>
        <identifiers>
          <isin value="AU0000113136"/>
          <ticker value="HDNRF"/>
        </identifiers>
        <balance>327022</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>379516.35</valUSD>
        <pctVal>0.0239163485</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>Datang Group Holdings Ltd</name>
        <lei>549300L7B4SYG984HS75</lei>
        <title>Datang Group Holdings Ltd USD0.01</title>
        <cusip>G2659T109</cusip>
        <identifiers>
          <isin value="KYG2659T1094"/>
          <ticker value="2117"/>
        </identifiers>
        <balance>233000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>121943.01</valUSD>
        <pctVal>0.0076846005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sino-Ocean Group Holdings Ltd</name>
        <lei>529900OLNN3N4AB8ME83</lei>
        <title>Sino-Ocean Group Holdings Ltd NPV</title>
        <cusip>Y8002N103</cusip>
        <identifiers>
          <isin value="HK3377040226"/>
          <ticker value="SIOLF"/>
        </identifiers>
        <balance>2104500</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>491251.44</valUSD>
        <pctVal>0.0309576667</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>Soho China Limited</name>
        <lei>529900DEZNBJ3OIZQO40</lei>
        <title>Soho China Limited HKD0.02</title>
        <cusip>G82600100</cusip>
        <identifiers>
          <isin value="KYG826001003"/>
          <ticker value="SOHOF"/>
        </identifiers>
        <balance>1482756</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>327125.37</valUSD>
        <pctVal>0.0206147755</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>Sunkwan Properties Group Limited</name>
        <lei>549300EBTP3B4M4B8B17</lei>
        <title>Sunkwan Properties Group Limited USD0.000001</title>
        <cusip>G8588G100</cusip>
        <identifiers>
          <isin value="KYG8588G1001"/>
          <ticker value="6900"/>
        </identifiers>
        <balance>368000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>101611.85</valUSD>
        <pctVal>0.0064033721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DigitalBridge Group Inc</name>
        <lei>549300XG87L902AGBO89</lei>
        <title>DigitalBridge Group Inc CL A COM</title>
        <cusip>25401T108</cusip>
        <identifiers>
          <isin value="US25401T1088"/>
          <ticker value="DBRG"/>
        </identifiers>
        <balance>344483</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2869543.39</valUSD>
        <pctVal>0.1808327885</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>Industrial &amp; Infrastructure Fund Investment Corporation</name>
        <lei>353800WCHFY04YKYCI19</lei>
        <title>Industrial &amp; Infrastructure Fund Investment Corporation REIT</title>
        <cusip>J24393118</cusip>
        <identifiers>
          <isin value="JP3046500009"/>
          <ticker value="3249"/>
        </identifiers>
        <balance>1301</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>2511748.09</valUSD>
        <pctVal>0.1582852564</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>Barwa Real Estate</name>
        <lei>N/A</lei>
        <title>Barwa Real Estate QAR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="QA000A0KD6J5"/>
          <ticker value="BRES"/>
        </identifiers>
        <balance>1344386</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.64175"/>
        <valUSD>1129719.06</valUSD>
        <pctVal>0.0711925976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Summit Industrial Income REIT</name>
        <lei>2549002JNRHTJ9H0MR86</lei>
        <title>Summit Industrial Income REIT TRUST UNITS</title>
        <cusip>866120116</cusip>
        <identifiers>
          <isin value="CA8661201167"/>
          <ticker value="SMMCF"/>
        </identifiers>
        <balance>58910</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>1094418.75</valUSD>
        <pctVal>0.0689680438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dream Office Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>Dream Office Real Estate Investment Trust TRUST UNITS SER'A'</title>
        <cusip>26153P104</cusip>
        <identifiers>
          <isin value="CA26153P1045"/>
          <ticker value="DRETF"/>
        </identifiers>
        <balance>18385</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>357976.64</valUSD>
        <pctVal>0.0225589598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Intervest Offices &amp; Warehouses SA</name>
        <lei>549300MEVEE709A1SM83</lei>
        <title>Intervest Offices &amp; Warehouses SA NPV</title>
        <cusip>B5241S112</cusip>
        <identifiers>
          <isin value="BE0003746600"/>
          <ticker value="IOWFF"/>
        </identifiers>
        <balance>14805</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>475414.25</valUSD>
        <pctVal>0.0299596392</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>TMG Holding</name>
        <lei>N/A</lei>
        <title>TMG Holding EGP10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EGS691S1C011"/>
          <ticker value="TMGH"/>
        </identifiers>
        <balance>651171</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="15.71"/>
        <valUSD>375946.59</valUSD>
        <pctVal>0.0236913895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Killam Apartment Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>Killam Apartment Real Estate Investment Trust TRUST UNIT</title>
        <cusip>49410M102</cusip>
        <identifiers>
          <isin value="CA49410M1023"/>
          <ticker value="KMMPF"/>
        </identifiers>
        <balance>37669</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>702487.62</valUSD>
        <pctVal>0.0442693411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>H&amp;R Real Estate Investment Trust</name>
        <lei>549300TGNP6B6GUVGW10</lei>
        <title>H&amp;R Real Estate Investment Trust UNITS</title>
        <cusip>403925407</cusip>
        <identifiers>
          <isin value="CA4039254079"/>
          <ticker value="HRUFF"/>
        </identifiers>
        <balance>100214</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>1287384.88</valUSD>
        <pctVal>0.0811283769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Covivio, S.A.</name>
        <lei>969500P8M3W2XX376054</lei>
        <title>Covivio, S.A. EUR3</title>
        <cusip>F2R22T119</cusip>
        <identifiers>
          <isin value="FR0000064578"/>
          <ticker value="GSEFF"/>
        </identifiers>
        <balance>36264</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>2981748.43</valUSD>
        <pctVal>0.1879037219</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>Lippo Karawaci</name>
        <lei>254900KQ77NJ1AG8IC28</lei>
        <title>Lippo Karawaci IDR100</title>
        <cusip>Y7129W186</cusip>
        <identifiers>
          <isin value="ID1000108905"/>
          <ticker value="PTLKF"/>
        </identifiers>
        <balance>13810710</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14252.5"/>
        <valUSD>136581.55</valUSD>
        <pctVal>0.0086070915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Phoenix Mills</name>
        <lei>33580037PCXCE5PNQU51</lei>
        <title>Phoenix Mills INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE211B01039"/>
          <ticker value="PHOENIXLTD"/>
        </identifiers>
        <balance>64697</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.33565"/>
        <valUSD>857626.84</valUSD>
        <pctVal>0.0540458993</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>Dexus</name>
        <lei>N/A</lei>
        <title>Dexus NPV (STAPLED)</title>
        <cusip>Q318A1104</cusip>
        <identifiers>
          <isin value="AU000000DXS1"/>
          <ticker value="DEXSF"/>
        </identifiers>
        <balance>750930</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>6077041.07</valUSD>
        <pctVal>0.3829627690</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>Quality Houses Public Company Limited</name>
        <lei>N/A</lei>
        <title>Quality Houses Public Company Limited NON VTG DEP RCPT REP 1 ORD THB1</title>
        <cusip>Y7173A213</cusip>
        <identifiers>
          <isin value="TH0256010R16"/>
          <ticker value="QH-R"/>
        </identifiers>
        <balance>5105700</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.405"/>
        <valUSD>345141.24</valUSD>
        <pctVal>0.0217500990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brigade Enterprise</name>
        <lei>335800QDUUQVHS6II245</lei>
        <title>Brigade Enterprise INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE791I01019"/>
          <ticker value="BRIGADE"/>
        </identifiers>
        <balance>70718</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.33565"/>
        <valUSD>466665.08</valUSD>
        <pctVal>0.0294082843</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>Cencosud Shopping SA</name>
        <lei>N/A</lei>
        <title>Cencosud Shopping SA COM NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CL0002539816"/>
          <ticker value="CENCOSHOPP"/>
        </identifiers>
        <balance>367034</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="852"/>
        <valUSD>435345.12</valUSD>
        <pctVal>0.0274345641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JY Grandmark Holdings Limited</name>
        <lei>549300DZIZ5WPHB3IN57</lei>
        <title>JY Grandmark Holdings Limited HKD0.01</title>
        <cusip>G83112105</cusip>
        <identifiers>
          <isin value="KYG831121051"/>
          <ticker value="2231"/>
        </identifiers>
        <balance>370000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>108213.9</valUSD>
        <pctVal>0.0068194199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Radiance Holdings (Group) Company Limited</name>
        <lei>549300487COLIJOB7F68</lei>
        <title>Radiance Holdings (Group) Company Limited HKD0.01</title>
        <cusip>G7339A107</cusip>
        <identifiers>
          <isin value="KYG7339A1076"/>
          <ticker value="9993"/>
        </identifiers>
        <balance>549000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>292356.52</valUSD>
        <pctVal>0.0184237133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</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. COM</title>
        <cusip>78440X804</cusip>
        <identifiers>
          <isin value="US78440X8048"/>
          <ticker value="SLG"/>
        </identifiers>
        <balance>47304</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3391696.8</valUSD>
        <pctVal>0.2137378345</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>Palm Hills Devs Sa</name>
        <lei>213800GJ1AR3ZHMJS148</lei>
        <title>Palm Hills Devs Sa EGP2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EGS655L1C012"/>
          <ticker value="PHDC"/>
        </identifiers>
        <balance>1042630</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="15.71"/>
        <valUSD>132269.99</valUSD>
        <pctVal>0.0083353858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Melisron</name>
        <lei>213800B9SL62L9VLO604</lei>
        <title>Melisron ILS1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0003230146"/>
          <ticker value="MLSR"/>
        </identifiers>
        <balance>14962</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.10895"/>
        <valUSD>1393998.94</valUSD>
        <pctVal>0.0878469782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chinese Estates Holding Ltd</name>
        <lei>254900OCQEQVNKB0UF58</lei>
        <title>Chinese Estates Holding Ltd ORD HKD0.10</title>
        <cusip>G2108M218</cusip>
        <identifiers>
          <isin value="BMG2108M2182"/>
          <ticker value="CESTF"/>
        </identifiers>
        <balance>366500</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>134441.55</valUSD>
        <pctVal>0.0084722331</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>Advance Residence Investment Corp</name>
        <lei>N/A</lei>
        <title>Advance Residence Investment Corp REIT</title>
        <cusip>J00184101</cusip>
        <identifiers>
          <isin value="JP3047160001"/>
          <ticker value="ADZZF"/>
        </identifiers>
        <balance>919</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>3040873.45</valUSD>
        <pctVal>0.1916296604</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>Zensun Enterprises Limited</name>
        <lei>2549004OBV99HLLZ8553</lei>
        <title>Zensun Enterprises Limited NPV(POST CONS)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000769783"/>
          <ticker value="185"/>
        </identifiers>
        <balance>408000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>202022.63</valUSD>
        <pctVal>0.0127310553</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>Dexus Industria Reit</name>
        <lei>N/A</lei>
        <title>Dexus Industria Reit NPV (STAPLED)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000192833"/>
          <ticker value="DXI"/>
        </identifiers>
        <balance>139153</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>355395.26</valUSD>
        <pctVal>0.0223962865</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>STAG Industrial, Inc.</name>
        <lei>549300QWYX2W6FASVQ07</lei>
        <title>STAG Industrial, Inc. COM USD0.01</title>
        <cusip>85254J102</cusip>
        <identifiers>
          <isin value="US85254J1025"/>
          <ticker value="STAG"/>
        </identifiers>
        <balance>112987</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5418856.52</valUSD>
        <pctVal>0.3414853173</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>Nippon Prologis Reit Inc</name>
        <lei>353800PHBMSDLAFURY41</lei>
        <title>Nippon Prologis Reit Inc REIT</title>
        <cusip>J5528H104</cusip>
        <identifiers>
          <isin value="JP3047550003"/>
          <ticker value="NPONF"/>
        </identifiers>
        <balance>1443</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>5102329.97</valUSD>
        <pctVal>0.3215384578</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>AP (Thailand) Public Company Ltd</name>
        <lei>N/A</lei>
        <title>AP (Thailand) Public Company Ltd THB1(ALIEN MARKET)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0308010Y16"/>
          <ticker value="AP/F"/>
        </identifiers>
        <balance>441405</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.405"/>
        <valUSD>126191.22</valUSD>
        <pctVal>0.0079523140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VONOVIA SE</name>
        <lei>N/A</lei>
        <title>VONOVIA SE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A1ML7J1"/>
          <ticker value="VNA"/>
        </identifiers>
        <balance>514804</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>28425663.35</valUSD>
        <pctVal>1.7913274936</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>AEON REIT Investment Corporation</name>
        <lei>353800P59F8MJB4FE788</lei>
        <title>AEON REIT Investment Corporation REIT</title>
        <cusip>J10006104</cusip>
        <identifiers>
          <isin value="JP3047650001"/>
          <ticker value="3292"/>
        </identifiers>
        <balance>1064</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1490184.17</valUSD>
        <pctVal>0.0939083757</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>BR Properties S.A.</name>
        <lei>5299006YP26ETK0IV586</lei>
        <title>BR Properties S.A. COM NPV</title>
        <cusip>P1909V120</cusip>
        <identifiers>
          <isin value="BRBRPRACNOR9"/>
          <ticker value="BRPR3"/>
        </identifiers>
        <balance>128352</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.57"/>
        <valUSD>168530.64</valUSD>
        <pctVal>0.0106204582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yuzhou Group Holdings Company Ltd</name>
        <lei>213800MP59KHGJSPHE82</lei>
        <title>Yuzhou Group Holdings Company Ltd HKD0.10</title>
        <cusip>G9884T101</cusip>
        <identifiers>
          <isin value="KYG9884T1013"/>
          <ticker value="YUZHF"/>
        </identifiers>
        <balance>1450531</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>119068.66</valUSD>
        <pctVal>0.0075034648</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>Howard Hughes Corp</name>
        <lei>549300BVHY25JZC1KI49</lei>
        <title>Howard Hughes Corp COM USD0.01</title>
        <cusip>44267D107</cusip>
        <identifiers>
          <isin value="US44267D1072"/>
          <ticker value="HHC"/>
        </identifiers>
        <balance>29009</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2952536.02</valUSD>
        <pctVal>0.1860628153</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. COM USD0.01</title>
        <cusip>78573L106</cusip>
        <identifiers>
          <isin value="US78573L1061"/>
          <ticker value="SBRA"/>
        </identifiers>
        <balance>155022</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2098997.88</valUSD>
        <pctVal>0.1322745776</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>Summit Hotel Properties, Inc.</name>
        <lei>254900OBQWJK6X20LS71</lei>
        <title>Summit Hotel Properties, Inc. COM USD0.01</title>
        <cusip>866082100</cusip>
        <identifiers>
          <isin value="US8660821005"/>
          <ticker value="INN"/>
        </identifiers>
        <balance>74472</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>726846.72</valUSD>
        <pctVal>0.0458044021</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>Kenedix Residential Next Investment Corporation</name>
        <lei>353800CYD58GUMFQME07</lei>
        <title>Kenedix Residential Next Investment Corporation REIT</title>
        <cusip>J3243Q103</cusip>
        <identifiers>
          <isin value="JP3047480003"/>
          <ticker value="KDIXF"/>
        </identifiers>
        <balance>662</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1278839.54</valUSD>
        <pctVal>0.0805898670</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>W. P. Carey Inc</name>
        <lei>54930042CRNE713E3Q67</lei>
        <title>W. P. Carey Inc COM USD0.001</title>
        <cusip>92936U109</cusip>
        <identifiers>
          <isin value="US92936U1097"/>
          <ticker value="WPC"/>
        </identifiers>
        <balance>128965</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10581578.25</valUSD>
        <pctVal>0.6668295410</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>Empire State Realty Trust Inc</name>
        <lei>549300VOKY1DUEQSB456</lei>
        <title>Empire State Realty Trust Inc COM USD0.01 CL 'A'</title>
        <cusip>292104106</cusip>
        <identifiers>
          <isin value="US2921041065"/>
          <ticker value="ESRT"/>
        </identifiers>
        <balance>104793</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>932657.7</valUSD>
        <pctVal>0.0587741915</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>China Merchants Shekou Industrial Zone Holdings Co,.Ltd.</name>
        <lei>300300T3ACALX7NIPW13</lei>
        <title>China Merchants Shekou Industrial Zone Holdings Co,.Ltd. A CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002FC6"/>
          <ticker value="001979"/>
        </identifiers>
        <balance>335700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.37335"/>
        <valUSD>701810.2</valUSD>
        <pctVal>0.0442266515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sirius Real Estate</name>
        <lei>213800NURUF5W8QSK566</lei>
        <title>Sirius Real Estate ORD NPV</title>
        <cusip>G8187C104</cusip>
        <identifiers>
          <isin value="GG00B1W3VF54"/>
          <ticker value="SRRLF"/>
        </identifiers>
        <balance>699968</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>1339844.78</valUSD>
        <pctVal>0.0844342931</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>Equites Property Fund Limited</name>
        <lei>378900F47D60FBC7C419</lei>
        <title>Equites Property Fund Limited NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000188843"/>
          <ticker value="EQU"/>
        </identifiers>
        <balance>447506</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.935"/>
        <valUSD>645758.32</valUSD>
        <pctVal>0.0406943760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Emaar Development PJSC</name>
        <lei>N/A</lei>
        <title>Emaar Development PJSC AED1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AEE001901017"/>
          <ticker value="EMAARDEV"/>
        </identifiers>
        <balance>697651</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.67305"/>
        <valUSD>830191.66</valUSD>
        <pctVal>0.0523169900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unibail-Rodamco-Westfield SE</name>
        <lei>N/A</lei>
        <title>Unibail-Rodamco-Westfield SE NPV (1 ORD UNIBAIL-R &amp; 1CLASS A WFD)</title>
        <cusip>F95094581</cusip>
        <identifiers>
          <isin value="FR0013326246"/>
          <ticker value="UNBLF"/>
        </identifiers>
        <balance>87048</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>6068605.71</valUSD>
        <pctVal>0.3824311898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kojamo Oyj</name>
        <lei>7437007YPUOQZ8OV1R42</lei>
        <title>Kojamo Oyj NPV</title>
        <cusip>X4543E117</cusip>
        <identifiers>
          <isin value="FI4000312251"/>
          <ticker value="KOJAF"/>
        </identifiers>
        <balance>87100</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>2105085.88</valUSD>
        <pctVal>0.1326582309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Log Commercial Properties E Participacoes SA</name>
        <lei>N/A</lei>
        <title>Log Commercial Properties E Participacoes SA COM NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRLOGGACNOR7"/>
          <ticker value="LOGG3"/>
        </identifiers>
        <balance>35800</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.57"/>
        <valUSD>162646.92</valUSD>
        <pctVal>0.0102496781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cousins Properties Incorporated</name>
        <lei>5493007XPYD5EJABN062</lei>
        <title>Cousins Properties Incorporated COM USD1.00(POST REV SPLIT)</title>
        <cusip>222795502</cusip>
        <identifiers>
          <isin value="US2227955026"/>
          <ticker value="CUZ"/>
        </identifiers>
        <balance>103604</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4173169.12</valUSD>
        <pctVal>0.2629846308</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>Aliansce Sonae Shopping Centers S.A</name>
        <lei>N/A</lei>
        <title>Aliansce Sonae Shopping Centers S.A COM NPV</title>
        <cusip>P8731D103</cusip>
        <identifiers>
          <isin value="BRALSOACNOR5"/>
          <ticker value="ALSO3"/>
        </identifiers>
        <balance>101800</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.57"/>
        <valUSD>396048.31</valUSD>
        <pctVal>0.0249581590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>Service Properties Trust COM USD0.01 SH BEN INT</title>
        <cusip>81761L102</cusip>
        <identifiers>
          <isin value="US81761L1026"/>
          <ticker value="SVC"/>
        </identifiers>
        <balance>114583</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1007184.57</valUSD>
        <pctVal>0.0634707232</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>One Reit Inc</name>
        <lei>N/A</lei>
        <title>One Reit Inc REIT</title>
        <cusip>J75499103</cusip>
        <identifiers>
          <isin value="JP3047640002"/>
          <ticker value="3290"/>
        </identifiers>
        <balance>165</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>433069.62</valUSD>
        <pctVal>0.0272911667</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>Jingrui Holdings Ltd.</name>
        <lei>549300RXCFKI6KHCMP52</lei>
        <title>Jingrui Holdings Ltd. USD0.01</title>
        <cusip>G5138W106</cusip>
        <identifiers>
          <isin value="KYG5138W1069"/>
          <ticker value="1862"/>
        </identifiers>
        <balance>368000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>81651.87</valUSD>
        <pctVal>0.0051455348</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>Seazen Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>Seazen Holdings Co Ltd A CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002BF8"/>
          <ticker value="601155"/>
        </identifiers>
        <balance>96900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.37335"/>
        <valUSD>442825.53</valUSD>
        <pctVal>0.0279059643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Redsun Properties Group Limited</name>
        <lei>549300TYWIIKAOK07L47</lei>
        <title>Redsun Properties Group Limited HKD0.01</title>
        <cusip>G7459A101</cusip>
        <identifiers>
          <isin value="KYG7459A1013"/>
          <ticker value="1996"/>
        </identifiers>
        <balance>762000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>214069.45</valUSD>
        <pctVal>0.0134902214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Charter Hall Social Infrastructure REIT</name>
        <lei>254900W31UGIMDQW3W98</lei>
        <title>Charter Hall Social Infrastructure REIT NPV</title>
        <cusip>Q2308H109</cusip>
        <identifiers>
          <isin value="AU0000030645"/>
          <ticker value="FKKEF"/>
        </identifiers>
        <balance>230297</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>692538.19</valUSD>
        <pctVal>0.0436423483</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>Office Properties Income Trust</name>
        <lei>529900A38AW14ELBTL34</lei>
        <title>Office Properties Income Trust COM USD0.01 SHS OF BEN INT</title>
        <cusip>67623C109</cusip>
        <identifiers>
          <isin value="US67623C1099"/>
          <ticker value="OPI"/>
        </identifiers>
        <balance>33786</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>839244.24</valUSD>
        <pctVal>0.0528874652</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>Summit R/Est Hldgs</name>
        <lei>254900R2MAR4ZEW3DO03</lei>
        <title>Summit R/Est Hldgs ILS1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0010816861"/>
          <ticker value="SMT"/>
        </identifiers>
        <balance>25887</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.10895"/>
        <valUSD>545574.46</valUSD>
        <pctVal>0.0343809929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samty Residential Investment Corp</name>
        <lei>N/A</lei>
        <title>Samty Residential Investment Corp REIT</title>
        <cusip>J6779Q108</cusip>
        <identifiers>
          <isin value="JP3047960004"/>
          <ticker value="SMTYF"/>
        </identifiers>
        <balance>227</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>254277.4</valUSD>
        <pctVal>0.0160240446</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>Global Medical REIT Inc.</name>
        <lei>549300HFRIPQDYU3GU60</lei>
        <title>Global Medical REIT Inc. COM USD0.001</title>
        <cusip>37954A204</cusip>
        <identifiers>
          <isin value="US37954A2042"/>
          <ticker value="GMRE"/>
        </identifiers>
        <balance>42910</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>761652.5</valUSD>
        <pctVal>0.0479977915</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>Wharf Real Estate Investment Co Ltd</name>
        <lei>529900QLPKS8U9QOPB59</lei>
        <title>Wharf Real Estate Investment Co Ltd HKD0.1</title>
        <cusip>G9593A104</cusip>
        <identifiers>
          <isin value="KYG9593A1040"/>
          <ticker value="WRFRF"/>
        </identifiers>
        <balance>1165317</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>5919521.75</valUSD>
        <pctVal>0.3730362218</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>Americold Realty Trust</name>
        <lei>549300R7N1V5YV8MWH02</lei>
        <title>Americold Realty Trust COM USD0.01</title>
        <cusip>03064D108</cusip>
        <identifiers>
          <isin value="US03064D1081"/>
          <ticker value="COLD"/>
        </identifiers>
        <balance>182110</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5971386.9</valUSD>
        <pctVal>0.3763046581</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>Corepoint Lodging Inc.</name>
        <lei>549300VM1I60JN1Z8171</lei>
        <title>Corepoint Lodging Inc. COM USD0.01</title>
        <cusip>21872L104</cusip>
        <identifiers>
          <isin value="US21872L1044"/>
          <ticker value="CPLG"/>
        </identifiers>
        <balance>28528</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>447889.6</valUSD>
        <pctVal>0.0282250917</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>Instone Real Estate Group Se</name>
        <lei>391200DINUIRPDZQHX03</lei>
        <title>Instone Real Estate Group Se NPV</title>
        <cusip>D3706C100</cusip>
        <identifiers>
          <isin value="DE000A2NBX80"/>
          <ticker value="INS"/>
        </identifiers>
        <balance>32945</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>623864.67</valUSD>
        <pctVal>0.0393146827</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>Lendlease Global Commercial REIT</name>
        <lei>N/A</lei>
        <title>Lendlease Global Commercial REIT NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SGXC61949712"/>
          <ticker value="LREIT"/>
        </identifiers>
        <balance>595400</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>395434.3</valUSD>
        <pctVal>0.0249194654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yincheng International Holding Co Ltd</name>
        <lei>300300J0M2CT3JT54R34</lei>
        <title>Yincheng International Holding Co Ltd HKD0.1</title>
        <cusip>G9841A104</cusip>
        <identifiers>
          <isin value="KYG9841A1040"/>
          <ticker value="1902"/>
        </identifiers>
        <balance>310000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>97475.73</valUSD>
        <pctVal>0.0061427223</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sagax AB</name>
        <lei>549300LJX28T6OM8DT95</lei>
        <title>Sagax AB SER'B'NPV</title>
        <cusip>W7519A200</cusip>
        <identifiers>
          <isin value="SE0005127818"/>
          <ticker value="SAGXF"/>
        </identifiers>
        <balance>112108</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>3784131.71</valUSD>
        <pctVal>0.2384682844</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>OUE Commercial Reit</name>
        <lei>549300ZH7I6OTTYIPE70</lei>
        <title>OUE Commercial Reit UNITS</title>
        <cusip>Y6561G105</cusip>
        <identifiers>
          <isin value="SG2G60000004"/>
          <ticker value="OUECT"/>
        </identifiers>
        <balance>1563300</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>510266.13</valUSD>
        <pctVal>0.0321559338</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>Secure Income REIT Plc</name>
        <lei>213800M1VI451RU17H40</lei>
        <title>Secure Income REIT Plc ORD GBP0.1</title>
        <cusip>G7965W100</cusip>
        <identifiers>
          <isin value="GB00BLMQ9L68"/>
          <ticker value="SIRTF"/>
        </identifiers>
        <balance>191866</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>1103476.62</valUSD>
        <pctVal>0.0695388524</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>RiseSun Real Estate Development Co.,Ltd.</name>
        <lei>3003009NURYQJKU6MT26</lei>
        <title>RiseSun Real Estate Development Co.,Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000005Y9"/>
          <ticker value="002146"/>
        </identifiers>
        <balance>194300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.37335"/>
        <valUSD>132659.79</valUSD>
        <pctVal>0.0083599502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mega Or Holdings L</name>
        <lei>N/A</lei>
        <title>Mega Or Holdings L ILS1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0011044885"/>
          <ticker value="MGOR"/>
        </identifiers>
        <balance>16291</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.10895"/>
        <valUSD>748421.1</valUSD>
        <pctVal>0.0471639756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Immobiliare Grande Distribuzione S.p.a.</name>
        <lei>815600CF8C0389D0E272</lei>
        <title>Immobiliare Grande Distribuzione S.p.a. NPV</title>
        <cusip>T53246103</cusip>
        <identifiers>
          <isin value="IT0005322612"/>
          <ticker value="IMMQF"/>
        </identifiers>
        <balance>41871</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>182462.16</valUSD>
        <pctVal>0.0114983942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fabege Ab</name>
        <lei>549300JNPI46XNH0PM97</lei>
        <title>Fabege Ab NPV</title>
        <cusip>W7888D199</cusip>
        <identifiers>
          <isin value="SE0011166974"/>
          <ticker value="FBGGF"/>
        </identifiers>
        <balance>183948</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>3068828.19</valUSD>
        <pctVal>0.1933913113</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>C&amp;D International Investment Group Limited</name>
        <lei>N/A</lei>
        <title>C&amp;D International Investment Group Limited HKD0.1</title>
        <cusip>G3165D109</cusip>
        <identifiers>
          <isin value="KYG3165D1097"/>
          <ticker value="1908"/>
        </identifiers>
        <balance>269234</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>567658.89</valUSD>
        <pctVal>0.0357727088</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>Plaza SA</name>
        <lei>N/A</lei>
        <title>Plaza SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CL0002456714"/>
          <ticker value="MALLPLAZA"/>
        </identifiers>
        <balance>258122</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="852"/>
        <valUSD>283753.43</valUSD>
        <pctVal>0.0178815641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Midea Real Estate Holding Limited</name>
        <lei>N/A</lei>
        <title>Midea Real Estate Holding Limited HKD1</title>
        <cusip>G60920108</cusip>
        <identifiers>
          <isin value="KYG609201085"/>
          <ticker value="3990"/>
        </identifiers>
        <balance>210400</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>327057.46</valUSD>
        <pctVal>0.0206104960</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>Eagle Hospitality Trust</name>
        <lei>N/A</lei>
        <title>Eagle Hospitality Trust STAPLED SECURI</title>
        <cusip>Y2188L106</cusip>
        <identifiers>
          <isin value="SGXC28500103"/>
          <ticker value="EAGLEHT"/>
        </identifiers>
        <balance>496400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34003.4</valUSD>
        <pctVal>0.0021428251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAR Al Arkan Real</name>
        <lei>558600USX20EGH6LVQ89</lei>
        <title>DAR Al Arkan Real SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA11U0S23612"/>
          <ticker value="ALARKAN"/>
        </identifiers>
        <balance>375488</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7544"/>
        <valUSD>1005321.7</valUSD>
        <pctVal>0.0633533290</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Investec Prop Fund</name>
        <lei>254900J1KNM6W078S240</lei>
        <title>Investec Prop Fund NPV</title>
        <cusip>S3965J121</cusip>
        <identifiers>
          <isin value="ZAE000180915"/>
          <ticker value="IPF"/>
        </identifiers>
        <balance>429880</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.935"/>
        <valUSD>334491.22</valUSD>
        <pctVal>0.0210789564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang China Commodities City Group Co., Ltd.</name>
        <lei>300300UELW04DCUGGZ27</lei>
        <title>Zhejiang China Commodities City Group Co., Ltd. CNY1'A'</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000001BC8"/>
          <ticker value="600415"/>
        </identifiers>
        <balance>209700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.37335"/>
        <valUSD>159559.26</valUSD>
        <pctVal>0.0100551001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tkp Corporation</name>
        <lei>N/A</lei>
        <title>Tkp Corporation NPV</title>
        <cusip>J83561100</cusip>
        <identifiers>
          <isin value="JP3538710009"/>
          <ticker value="3479"/>
        </identifiers>
        <balance>8800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>105433.27</valUSD>
        <pctVal>0.0066441903</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>Plymouth Indl Reit Inc</name>
        <lei>N/A</lei>
        <title>Plymouth Indl Reit Inc COM USD0.01</title>
        <cusip>729640102</cusip>
        <identifiers>
          <isin value="US7296401026"/>
          <ticker value="PLYM"/>
        </identifiers>
        <balance>21353</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>683296</valUSD>
        <pctVal>0.0430599243</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>Keppel Pacific Oak Us REIT</name>
        <lei>N/A</lei>
        <title>Keppel Pacific Oak Us REIT USD1.00</title>
        <cusip>Y4724Q102</cusip>
        <identifiers>
          <isin value="SG1EA1000007"/>
          <ticker value="KORE"/>
        </identifiers>
        <balance>577000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>461649.39</valUSD>
        <pctVal>0.0290922057</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>Wihlborgs Fastigheter AB</name>
        <lei>549300RC1YDJPITF8X06</lei>
        <title>Wihlborgs Fastigheter AB NPV</title>
        <cusip>W9899F155</cusip>
        <identifiers>
          <isin value="SE0011205194"/>
          <ticker value="WIHL"/>
        </identifiers>
        <balance>96200</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>2181043.19</valUSD>
        <pctVal>0.1374449061</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>American Finance Trust Inc</name>
        <lei>549300GN4H0K3IUS8983</lei>
        <title>American Finance Trust Inc COM USD0.01</title>
        <cusip>02607T109</cusip>
        <identifiers>
          <isin value="US02607T1097"/>
          <ticker value="AFIN"/>
        </identifiers>
        <balance>80992</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>739456.96</valUSD>
        <pctVal>0.0465990737</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>Nyfosa Ab</name>
        <lei>5493000YR2B83SILCJ50</lei>
        <title>Nyfosa Ab NPV</title>
        <cusip>W6S88K102</cusip>
        <identifiers>
          <isin value="SE0011426428"/>
          <ticker value="NYF"/>
        </identifiers>
        <balance>126241</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>2179494.07</valUSD>
        <pctVal>0.1373472837</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>Takara Leben Real Estate Investment Corporation</name>
        <lei>353800B55299YP0HS329</lei>
        <title>Takara Leben Real Estate Investment Corporation REIT</title>
        <cusip>J80746100</cusip>
        <identifiers>
          <isin value="JP3048750008"/>
          <ticker value="3492"/>
        </identifiers>
        <balance>377</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>380314.67</valUSD>
        <pctVal>0.0239666570</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>Samhallsbyggnadsbolaget I Norden Ab</name>
        <lei>549300HX9MRFY47AH564</lei>
        <title>Samhallsbyggnadsbolaget I Norden Ab SER'D'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0011844091"/>
          <ticker value="SBB D"/>
        </identifiers>
        <balance>101948</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>362610.95</valUSD>
        <pctVal>0.0228510046</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>Sasseur Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>Sasseur Real Estate Investment Trust NPV (STAPLED UNITS)</title>
        <cusip>Y7541M105</cusip>
        <identifiers>
          <isin value="SG1ED2000000"/>
          <ticker value="SASSR"/>
        </identifiers>
        <balance>364000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>228318.35</valUSD>
        <pctVal>0.0143881581</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>China SCE Group Holdings Limited</name>
        <lei>549300Q8UEI2ERAP6P49</lei>
        <title>China SCE Group Holdings Limited HKD0.1</title>
        <cusip>G21190106</cusip>
        <identifiers>
          <isin value="KYG211901064"/>
          <ticker value="CSCNF"/>
        </identifiers>
        <balance>1165000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>282410.48</valUSD>
        <pctVal>0.0177969341</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>LOTTE REIT Co Ltd</name>
        <lei>N/A</lei>
        <title>LOTTE REIT Co Ltd KRW500</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7330590001"/>
          <ticker value="A330590"/>
        </identifiers>
        <balance>88390</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.75"/>
        <valUSD>412637.48</valUSD>
        <pctVal>0.0260035748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rimo International Lestari</name>
        <lei>N/A</lei>
        <title>Rimo International Lestari LKD SHS (IDR250 &amp; IDR100)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000062706"/>
          <ticker value="RIMO"/>
        </identifiers>
        <balance>42545100</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14252.5"/>
        <valUSD>74627.43</valUSD>
        <pctVal>0.0047028689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Zhangjiang High Tech Park Development Co. Ltd.</name>
        <lei>300300QF9LB9KZ188A33</lei>
        <title>Shanghai Zhangjiang High Tech Park Development Co. Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000JX9"/>
          <ticker value="600895"/>
        </identifiers>
        <balance>65300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.37335"/>
        <valUSD>154394.94</valUSD>
        <pctVal>0.0097296551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Electra Real Estat</name>
        <lei>N/A</lei>
        <title>Electra Real Estat NPV</title>
        <cusip>M3752K105</cusip>
        <identifiers>
          <isin value="IL0010940448"/>
          <ticker value="ELCRE"/>
        </identifiers>
        <balance>15939</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.10895"/>
        <valUSD>317500.26</valUSD>
        <pctVal>0.0200082207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China South City Holdings Ltd.</name>
        <lei>254900BV844D9H1E0W44</lei>
        <title>China South City Holdings Ltd. NPV</title>
        <cusip>Y1515Q101</cusip>
        <identifiers>
          <isin value="HK0000056264"/>
          <ticker value="1668"/>
        </identifiers>
        <balance>3190000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>298689.88</valUSD>
        <pctVal>0.0188228288</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>Oue Limited</name>
        <lei>254900MR17VBF15G0543</lei>
        <title>Oue Limited NPV</title>
        <cusip>V70197138</cusip>
        <identifiers>
          <isin value="SG2B80958517"/>
          <ticker value="LJ3"/>
        </identifiers>
        <balance>195100</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>196897.78</valUSD>
        <pctVal>0.0124080977</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>Rlj Lodging Tr</name>
        <lei>549300RX5I8Z6I6LDZ74</lei>
        <title>Rlj Lodging Tr COM USD0.01</title>
        <cusip>74965L101</cusip>
        <identifiers>
          <isin value="US74965L1017"/>
          <ticker value="RLJ"/>
        </identifiers>
        <balance>115876</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1614152.68</valUSD>
        <pctVal>0.1017206191</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>Ryman Hospitality Properties Inc</name>
        <lei>529900GCCWW9SRMPJR11</lei>
        <title>Ryman Hospitality Properties Inc COM USD0.01</title>
        <cusip>78377T107</cusip>
        <identifiers>
          <isin value="US78377T1079"/>
          <ticker value="RHP"/>
        </identifiers>
        <balance>36464</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3353229.44</valUSD>
        <pctVal>0.2113136997</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>Urban Logistics Reit Plc</name>
        <lei>213800P6ODJW2UFNDC37</lei>
        <title>Urban Logistics Reit Plc ORD GBP0.01</title>
        <cusip>G6853M109</cusip>
        <identifiers>
          <isin value="GB00BYV8MN78"/>
          <ticker value="SHED"/>
        </identifiers>
        <balance>331508</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>834530.51</valUSD>
        <pctVal>0.0525904155</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>Civitas Social Housing PLC</name>
        <lei>213800PGBG84J8GM6F95</lei>
        <title>Civitas Social Housing PLC ORD GBP0.01</title>
        <cusip>G2251U108</cusip>
        <identifiers>
          <isin value="GB00BD8HBD32"/>
          <ticker value="CSH"/>
        </identifiers>
        <balance>436164</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>572154.18</valUSD>
        <pctVal>0.0360559928</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>Cibanco S.A. Institucion de Banca Multiple</name>
        <lei>N/A</lei>
        <title>Cibanco S.A. Institucion de Banca Multiple CBFI (MACQUARIE MEX REAL EST) 144A/REG S</title>
        <cusip>P3515D155</cusip>
        <identifiers>
          <isin value="MXCFFI0U0002"/>
          <ticker value="DBMBF"/>
        </identifiers>
        <balance>536489</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.4755"/>
        <valUSD>690409.77</valUSD>
        <pctVal>0.0435082196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CA Immobilien Anlagen AG</name>
        <lei>5299003ICAPV07J0R180</lei>
        <title>CA Immobilien Anlagen AG NPV</title>
        <cusip>A1144Q155</cusip>
        <identifiers>
          <isin value="AT0000641352"/>
          <ticker value="CAIAF"/>
        </identifiers>
        <balance>29413</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>1104656.67</valUSD>
        <pctVal>0.0696132167</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</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. 'A'CNY1</title>
        <cusip>Y77421116</cusip>
        <identifiers>
          <isin value="CNE0000000T2"/>
          <ticker value="000002"/>
        </identifiers>
        <balance>397540</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.37335"/>
        <valUSD>1232574.09</valUSD>
        <pctVal>0.0776743124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jinke Property Group Co.,Ltd.</name>
        <lei>30030085B069LMR8O660</lei>
        <title>Jinke Property Group Co.,Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000073"/>
          <ticker value="000656"/>
        </identifiers>
        <balance>235600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.37335"/>
        <valUSD>165600</valUSD>
        <pctVal>0.0104357752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allreal Holding AG</name>
        <lei>5067006XH174LA44H658</lei>
        <title>Allreal Holding AG CHF1</title>
        <cusip>H0151D100</cusip>
        <identifiers>
          <isin value="CH0008837566"/>
          <ticker value="ALRHF"/>
        </identifiers>
        <balance>10151</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".9112"/>
        <valUSD>2243611.94</valUSD>
        <pctVal>0.1413878615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fastighets AB Balder (publ)</name>
        <lei>549300GHKJCEZOAEUU82</lei>
        <title>Fastighets AB Balder (publ) SER'B'NPV</title>
        <cusip>W30316116</cusip>
        <identifiers>
          <isin value="SE0000455057"/>
          <ticker value="BALDF"/>
        </identifiers>
        <balance>73284</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>5286260.3</valUSD>
        <pctVal>0.3331293732</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>Swiss Prime Site AG</name>
        <lei>506700XI9H64OPR34158</lei>
        <title>Swiss Prime Site AG CHF15.30 (REGD)</title>
        <cusip>H8403W107</cusip>
        <identifiers>
          <isin value="CH0008038389"/>
          <ticker value="SWPRF"/>
        </identifiers>
        <balance>52950</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".9112"/>
        <valUSD>5193511.69</valUSD>
        <pctVal>0.3272845444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Castellum Ab</name>
        <lei>549300GU5OHTR1T5IY68</lei>
        <title>Castellum Ab NPV</title>
        <cusip>W2084X107</cusip>
        <identifiers>
          <isin value="SE0000379190"/>
          <ticker value="CWQXF"/>
        </identifiers>
        <balance>182009</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>4881127.18</valUSD>
        <pctVal>0.3075987079</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>Nexity SA</name>
        <lei>969500JJ71T2DIPDVV84</lei>
        <title>Nexity SA EUR5</title>
        <cusip>F6527B126</cusip>
        <identifiers>
          <isin value="FR0010112524"/>
          <ticker value="NXYAF"/>
        </identifiers>
        <balance>27516</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>1294029.8</valUSD>
        <pctVal>0.0815471263</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>Mercialys S.A.</name>
        <lei>969500081CGAXB7YS433</lei>
        <title>Mercialys S.A. EUR1</title>
        <cusip>F61573105</cusip>
        <identifiers>
          <isin value="FR0010241638"/>
          <ticker value="MEIYF"/>
        </identifiers>
        <balance>48062</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>468640.99</valUSD>
        <pctVal>0.0295328021</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>Innovative Industrial Propertes Inc</name>
        <lei>5493008BQ0545EZXRR30</lei>
        <title>Innovative Industrial Propertes Inc COM USD0.001</title>
        <cusip>45781V101</cusip>
        <identifiers>
          <isin value="US45781V1017"/>
          <ticker value="IIPR"/>
        </identifiers>
        <balance>16670</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4382709.7</valUSD>
        <pctVal>0.2761894520</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>Industrial Logistics Properties Trust</name>
        <lei>5493004XH9PJW009HR47</lei>
        <title>Industrial Logistics Properties Trust COM SHS OF BEN INT USD0.01</title>
        <cusip>456237106</cusip>
        <identifiers>
          <isin value="US4562371066"/>
          <ticker value="ILPT"/>
        </identifiers>
        <balance>45433</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1138096.65</valUSD>
        <pctVal>0.0717205363</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>Jadwa REIT Saudi Fund</name>
        <lei>N/A</lei>
        <title>Jadwa REIT Saudi Fund SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA14GG523R59"/>
          <ticker value="JADWAREI"/>
        </identifiers>
        <balance>50039</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7544"/>
        <valUSD>199532.87</valUSD>
        <pctVal>0.0125741557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Great Portland Estates plc</name>
        <lei>213800JMEDD2Q4N1MC42</lei>
        <title>Great Portland Estates plc ORD GBP0.15263157894</title>
        <cusip>G40712211</cusip>
        <identifiers>
          <isin value="GB00BF5H9P87"/>
          <ticker value="GPEAF"/>
        </identifiers>
        <balance>160305</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>1577352.29</valUSD>
        <pctVal>0.0994015334</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>Mobimo Holding AG</name>
        <lei>50670018HN8O1GD3O385</lei>
        <title>Mobimo Holding AG CHF3.40 (REGD)</title>
        <cusip>H55058103</cusip>
        <identifiers>
          <isin value="CH0011108872"/>
          <ticker value="MOBN"/>
        </identifiers>
        <balance>4662</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".9112"/>
        <valUSD>1561793.11</valUSD>
        <pctVal>0.0984210255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAG Immobilien AG</name>
        <lei>529900TAE68USJNXLR59</lei>
        <title>TAG Immobilien AG NPV</title>
        <cusip>D8283Q174</cusip>
        <identifiers>
          <isin value="DE0008303504"/>
          <ticker value="TAGOF"/>
        </identifiers>
        <balance>101974</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>2857111.29</valUSD>
        <pctVal>0.1800493428</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>Samhallsbyggnadsbolaget I Norden Ab</name>
        <lei>549300HX9MRFY47AH564</lei>
        <title>Samhallsbyggnadsbolaget I Norden Ab SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0009554454"/>
          <ticker value="SBB B"/>
        </identifiers>
        <balance>634888</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>4632253.32</valUSD>
        <pctVal>0.2919151834</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>Site Centers Corp</name>
        <lei>W2AVA6SODOQ1LCYJQR54</lei>
        <title>Site Centers Corp COM USD0.10</title>
        <cusip>82981J109</cusip>
        <identifiers>
          <isin value="US82981J1097"/>
          <ticker value="SITC"/>
        </identifiers>
        <balance>117561</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1860990.63</valUSD>
        <pctVal>0.1172758447</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>UMH Properties Inc</name>
        <lei>529900OM5K3PJ11F0Q09</lei>
        <title>UMH Properties Inc COM STK USD0.10</title>
        <cusip>903002103</cusip>
        <identifiers>
          <isin value="US9030021037"/>
          <ticker value="UMH"/>
        </identifiers>
        <balance>33411</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>913122.63</valUSD>
        <pctVal>0.0575431311</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>National Retail Properties, Inc.</name>
        <lei>5493008JKH5SOTI0JS97</lei>
        <title>National Retail Properties, Inc. COM USD0.01</title>
        <cusip>637417106</cusip>
        <identifiers>
          <isin value="US6374171063"/>
          <ticker value="NNN"/>
        </identifiers>
        <balance>122409</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5884200.63</valUSD>
        <pctVal>0.3708103567</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>Douglas Emmett Inc</name>
        <lei>N/A</lei>
        <title>Douglas Emmett Inc COM STK USD0.01</title>
        <cusip>25960P109</cusip>
        <identifiers>
          <isin value="US25960P1093"/>
          <ticker value="DEI"/>
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        <balance>122286</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4096581</valUSD>
        <pctVal>0.2581582032</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>Aedifica SA</name>
        <lei>529900DTKNXL0AXQFN28</lei>
        <title>Aedifica SA NPV</title>
        <cusip>B0130A108</cusip>
        <identifiers>
          <isin value="BE0003851681"/>
          <ticker value="AEDFF"/>
        </identifiers>
        <balance>25093</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>3282963.2</valUSD>
        <pctVal>0.2068856641</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>Afi Properties Ltd</name>
        <lei>N/A</lei>
        <title>Afi Properties Ltd ILS1</title>
        <cusip>M0203G105</cusip>
        <identifiers>
          <isin value="IL0010913544"/>
          <ticker value="AFPR"/>
        </identifiers>
        <balance>7573</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.10895"/>
        <valUSD>501798.88</valUSD>
        <pctVal>0.0316223449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kaisa Group Holdings Ltd.</name>
        <lei>254900N8L3L7NRJT0120</lei>
        <title>Kaisa Group Holdings Ltd. HKD0.10</title>
        <cusip>G52132100</cusip>
        <identifiers>
          <isin value="KYG521321003"/>
          <ticker value="1638"/>
        </identifiers>
        <balance>2027428</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>202820.7</valUSD>
        <pctVal>0.0127813480</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>Shurgard Self Storage Sa</name>
        <lei>549300J0UEIKU81XO336</lei>
        <title>Shurgard Self Storage Sa NPV</title>
        <cusip>L8230B107</cusip>
        <identifiers>
          <isin value="LU1883301340"/>
          <ticker value="SSSAF"/>
        </identifiers>
        <balance>18646</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>1220627.32</valUSD>
        <pctVal>0.0769214513</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>RPT Realty</name>
        <lei>549300344BKLXBZOOF93</lei>
        <title>RPT Realty COM USD0.01 SHS OF BEN INT</title>
        <cusip>74971D101</cusip>
        <identifiers>
          <isin value="US74971D1019"/>
          <ticker value="RPT"/>
        </identifiers>
        <balance>57283</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>766446.54</valUSD>
        <pctVal>0.0482999022</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>Piedmont Office Realty Trust, Inc.</name>
        <lei>N/A</lei>
        <title>Piedmont Office Realty Trust, Inc. COM USD0.01 CL A</title>
        <cusip>720190206</cusip>
        <identifiers>
          <isin value="US7201902068"/>
          <ticker value="PDM"/>
        </identifiers>
        <balance>86165</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1583712.7</valUSD>
        <pctVal>0.0998023535</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>NAT Real Estate Co</name>
        <lei>N/A</lei>
        <title>NAT Real Estate Co KWD0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KW0EQ0400634"/>
          <ticker value="NRE"/>
        </identifiers>
        <balance>566445</balance>
        <units>NS</units>
        <currencyConditional curCd="KWD" exchangeRt=".30235"/>
        <valUSD>413884.67</valUSD>
        <pctVal>0.0260821702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hudson Pacific Properties Inc</name>
        <lei>N/A</lei>
        <title>Hudson Pacific Properties Inc COM USD0.01</title>
        <cusip>444097109</cusip>
        <identifiers>
          <isin value="US4440971095"/>
          <ticker value="HPP"/>
        </identifiers>
        <balance>107067</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2645625.57</valUSD>
        <pctVal>0.1667219429</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>Deutsche Bank Mexico SA Institucion de Banca Multiple</name>
        <lei>N/A</lei>
        <title>Deutsche Bank Mexico SA Institucion de Banca Multiple CBFI (FIBRA UNO ADMINISTRACION SA DE CV)</title>
        <cusip>P3515D163</cusip>
        <identifiers>
          <isin value="MXCFFU000001"/>
          <ticker value="FBASF"/>
        </identifiers>
        <balance>2200033</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.4755"/>
        <valUSD>2327304.08</valUSD>
        <pctVal>0.1466619700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Embassy Office Parks Real Estate Investment Trust</name>
        <lei>335800O555A557E43Z08</lei>
        <title>Embassy Office Parks Real Estate Investment Trust NPV (REIT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE041025011"/>
          <ticker value="EMBASSY"/>
        </identifiers>
        <balance>295748</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.33565"/>
        <valUSD>1350473.73</valUSD>
        <pctVal>0.0851041079</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>Prime US REIT</name>
        <lei>N/A</lei>
        <title>Prime US REIT NPV (REIT)</title>
        <cusip>Y475LA101</cusip>
        <identifiers>
          <isin value="SGXC75818630"/>
          <ticker value="PRIME"/>
        </identifiers>
        <balance>363100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>303212.45</valUSD>
        <pctVal>0.0191078319</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>Diversified Healthcare Trust</name>
        <lei>N/A</lei>
        <title>Diversified Healthcare Trust COM SH BEN INT</title>
        <cusip>25525P107</cusip>
        <identifiers>
          <isin value="US25525P1075"/>
          <ticker value="DHC"/>
        </identifiers>
        <balance>170740</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>527586.6</valUSD>
        <pctVal>0.0332474346</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>LSR Group PJSC</name>
        <lei>25340067LEEMJ79K8X43</lei>
        <title>LSR Group PJSC RUB0.25(RUB)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU000A0JPFP0"/>
          <ticker value="LSRG"/>
        </identifiers>
        <balance>30351</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="75.08875"/>
        <valUSD>246213.48</valUSD>
        <pctVal>0.0155158728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Saudi Real Estate</name>
        <lei>N/A</lei>
        <title>Saudi Real Estate SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007870047"/>
          <ticker value="SRECO"/>
        </identifiers>
        <balance>67218</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7544"/>
        <valUSD>363749.02</valUSD>
        <pctVal>0.0229227235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arriyadh Dev Co</name>
        <lei>N/A</lei>
        <title>Arriyadh Dev Co SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879683"/>
          <ticker value="ADCO"/>
        </identifiers>
        <balance>62018</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7544"/>
        <valUSD>419610.27</valUSD>
        <pctVal>0.0264429858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Emaar The Economic</name>
        <lei>N/A</lei>
        <title>Emaar The Economic SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA000A0KDVM8"/>
          <ticker value="EMAAR"/>
        </identifiers>
        <balance>273980</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7544"/>
        <valUSD>871051.13</valUSD>
        <pctVal>0.0548918707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Platzer Fastigheter Holding AB (publ)</name>
        <lei>5493009KPII4BZE70820</lei>
        <title>Platzer Fastigheter Holding AB (publ) NPV</title>
        <cusip>W7S644112</cusip>
        <identifiers>
          <isin value="SE0004977692"/>
          <ticker value="PLAZF"/>
        </identifiers>
        <balance>41898</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>628440.67</valUSD>
        <pctVal>0.0396030529</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>China Overseas Grand Oceans Group Limited</name>
        <lei>N/A</lei>
        <title>China Overseas Grand Oceans Group Limited NPV</title>
        <cusip>Y1505S117</cusip>
        <identifiers>
          <isin value="HK0000065737"/>
          <ticker value="81"/>
        </identifiers>
        <balance>1228500</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>623974.58</valUSD>
        <pctVal>0.0393216090</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>Activia Properties Inc</name>
        <lei>353800RPGYN3ML8CXV54</lei>
        <title>Activia Properties Inc REIT</title>
        <cusip>J00089102</cusip>
        <identifiers>
          <isin value="JP3047490002"/>
          <ticker value="3279"/>
        </identifiers>
        <balance>460</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1663574.35</valUSD>
        <pctVal>0.1048350722</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>Gemdale Corp</name>
        <lei>300300VAI0OCY3OKWO66</lei>
        <title>Gemdale Corp 'A'CNY1</title>
        <cusip>Y2685G105</cusip>
        <identifiers>
          <isin value="CNE000001790"/>
          <ticker value="600383"/>
        </identifiers>
        <balance>193100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.37335"/>
        <valUSD>392991.49</valUSD>
        <pctVal>0.0247655245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Poly Developments and Holdings Group Co., Ltd.</name>
        <lei>300300W9OF1ZRGUDVU96</lei>
        <title>Poly Developments and Holdings Group Co., Ltd. 'A'CNY1</title>
        <cusip>Y6987R107</cusip>
        <identifiers>
          <isin value="CNE000001ND1"/>
          <ticker value="600048"/>
        </identifiers>
        <balance>499500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.37335"/>
        <valUSD>1223099.31</valUSD>
        <pctVal>0.0770772310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Far East Hospitality Trust</name>
        <lei>5493001NEC2QWVTAYN18</lei>
        <title>Far East Hospitality Trust NPV STAPLED SECURITIES (H-REIT&amp;H-BT)</title>
        <cusip>Y24258108</cusip>
        <identifiers>
          <isin value="SG2F08984575"/>
          <ticker value="FEHTF"/>
        </identifiers>
        <balance>564603</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>247195.09</valUSD>
        <pctVal>0.0155777318</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>DIC Asset AG</name>
        <lei>52990044JL2ZPWONU738</lei>
        <title>DIC Asset AG NPV (REG)</title>
        <cusip>D2837E191</cusip>
        <identifiers>
          <isin value="DE000A1X3XX4"/>
          <ticker value="DDCCF"/>
        </identifiers>
        <balance>30192</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>528108.67</valUSD>
        <pctVal>0.0332803343</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>Lxi Reit Plc</name>
        <lei>2138008YZGXOKAXQVI45</lei>
        <title>Lxi Reit Plc ORD GBP0.01</title>
        <cusip>G57009105</cusip>
        <identifiers>
          <isin value="GB00BYQ46T41"/>
          <ticker value="LXILF"/>
        </identifiers>
        <balance>495476</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>972005.29</valUSD>
        <pctVal>0.0612537966</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>Sunteck Realty Ltd</name>
        <lei>335800TFT4V77I31F853</lei>
        <title>Sunteck Realty Ltd INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE805D01034"/>
          <ticker value="SUNTECK"/>
        </identifiers>
        <balance>36522</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.33565"/>
        <valUSD>241493.94</valUSD>
        <pctVal>0.0152184570</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>Goldcrest Co Ltd</name>
        <lei>N/A</lei>
        <title>Goldcrest Co Ltd NPV</title>
        <cusip>J17451105</cusip>
        <identifiers>
          <isin value="JP3306800008"/>
          <ticker value="CDCTF"/>
        </identifiers>
        <balance>11400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>160462.35</valUSD>
        <pctVal>0.0101120110</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>MIRVAC GROUP</name>
        <lei>N/A</lei>
        <title>MIRVAC GROUP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MGR9"/>
          <ticker value="MGR"/>
        </identifiers>
        <balance>2752005</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>5835046.53</valUSD>
        <pctVal>0.3677127653</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>Metrovacesa</name>
        <lei>959800ZQW44V5U3SEZ73</lei>
        <title>Metrovacesa EUR7.2</title>
        <cusip>E7409N346</cusip>
        <identifiers>
          <isin value="ES0105122024"/>
          <ticker value="MRVCF"/>
        </identifiers>
        <balance>25303</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>204420.81</valUSD>
        <pctVal>0.0128821837</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>Zhenro Properties Group Limited</name>
        <lei>549300I66TVJEL841P38</lei>
        <title>Zhenro Properties Group Limited USD0.00001</title>
        <cusip>G9897E109</cusip>
        <identifiers>
          <isin value="KYG9897E1098"/>
          <ticker value="6158"/>
        </identifiers>
        <balance>1216000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>578609.81</valUSD>
        <pctVal>0.0364628135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>prashkovsky investments and construction ltd</name>
        <lei>N/A</lei>
        <title>prashkovsky investments and construction ltd ILS0.01</title>
        <cusip>M41416104</cusip>
        <identifiers>
          <isin value="IL0011021289"/>
          <ticker value="PRSK"/>
        </identifiers>
        <balance>4581</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.10895"/>
        <valUSD>188187.92</valUSD>
        <pctVal>0.0118592200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dafa Properties Group Ltd</name>
        <lei>549300FG5PBBG2FX4L24</lei>
        <title>Dafa Properties Group Ltd HKD0.001</title>
        <cusip>G26168107</cusip>
        <identifiers>
          <isin value="KYG261681079"/>
          <ticker value="6111"/>
        </identifiers>
        <balance>192000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>113260.68</valUSD>
        <pctVal>0.0071374577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bwp Trust</name>
        <lei>549300TS1DKL4BJK8L32</lei>
        <title>Bwp Trust NPV</title>
        <cusip>Q1921Q132</cusip>
        <identifiers>
          <isin value="AU000000BWP3"/>
          <ticker value="BUNNF"/>
        </identifiers>
        <balance>343792</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>1038219.64</valUSD>
        <pctVal>0.0654264902</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>Property and Building Corp.</name>
        <lei>N/A</lei>
        <title>Property and Building Corp. ORD ILS1</title>
        <cusip>M8175G102</cusip>
        <identifiers>
          <isin value="IL0006990175"/>
          <ticker value="PTBL"/>
        </identifiers>
        <balance>2040</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.10895"/>
        <valUSD>292577.17</valUSD>
        <pctVal>0.0184376182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Aoyuan Group Ltd</name>
        <lei>549300YSOKQO5QD6MP25</lei>
        <title>China Aoyuan Group Ltd HKD0.01</title>
        <cusip>G2119Z109</cusip>
        <identifiers>
          <isin value="KYG2119Z1090"/>
          <ticker value="CAOYF"/>
        </identifiers>
        <balance>867000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>156801.72</valUSD>
        <pctVal>0.0098813255</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>Target Healthcare Reit Plc</name>
        <lei>213800RXPY9WULUSBC04</lei>
        <title>Target Healthcare Reit Plc ORD GBP0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BJGTLF51"/>
          <ticker value="THRL"/>
        </identifiers>
        <balance>427222</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>682374.14</valUSD>
        <pctVal>0.0430018305</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>Hang Lung Properties Limited</name>
        <lei>529900CIVTNMXQT59E61</lei>
        <title>Hang Lung Properties Limited NPV</title>
        <cusip>Y30166105</cusip>
        <identifiers>
          <isin value="HK0101000591"/>
          <ticker value="HLPPF"/>
        </identifiers>
        <balance>1412452</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>2905670.64</valUSD>
        <pctVal>0.1831094543</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>Leopalace 21 Corp</name>
        <lei>529900Z3BHJUW1DY6254</lei>
        <title>Leopalace 21 Corp NPV</title>
        <cusip>J38781100</cusip>
        <identifiers>
          <isin value="JP3167500002"/>
          <ticker value="LEOPF"/>
        </identifiers>
        <balance>127400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>203805.79</valUSD>
        <pctVal>0.0128434264</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>Healthpeak Properties Inc</name>
        <lei>PZ9HF5U52KPF0MH0QN75</lei>
        <title>Healthpeak Properties Inc COM</title>
        <cusip>42250P103</cusip>
        <identifiers>
          <isin value="US42250P1030"/>
          <ticker value="PEAK"/>
        </identifiers>
        <balance>376043</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13571391.87</valUSD>
        <pctVal>0.8552415148</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>Shanghai Lingang Holdings Corporation</name>
        <lei>N/A</lei>
        <title>Shanghai Lingang Holdings Corporation 'A' CNYU1</title>
        <cusip>Y7679S114</cusip>
        <identifiers>
          <isin value="CNE000000C74"/>
          <ticker value="600848"/>
        </identifiers>
        <balance>66600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.37335"/>
        <valUSD>155371.82</valUSD>
        <pctVal>0.0097912161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Building Fund Inc</name>
        <lei>52990053R8NL2MB32172</lei>
        <title>Nippon Building Fund Inc REIT</title>
        <cusip>J52088101</cusip>
        <identifiers>
          <isin value="JP3027670003"/>
          <ticker value="NBFJF"/>
        </identifiers>
        <balance>1038</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>6046136.86</valUSD>
        <pctVal>0.3810152486</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>Japan Real Estate Investment Corp</name>
        <lei>3538003YAIR3CBGJJ928</lei>
        <title>Japan Real Estate Investment Corp REIT</title>
        <cusip>J27523109</cusip>
        <identifiers>
          <isin value="JP3027680002"/>
          <ticker value="JREIF"/>
        </identifiers>
        <balance>871</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>4944638.52</valUSD>
        <pctVal>0.3116010634</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>Ayala Land Inc</name>
        <lei>254900EWT10TQ6DKTV34</lei>
        <title>Ayala Land Inc PHP1</title>
        <cusip>Y0488F100</cusip>
        <identifiers>
          <isin value="PHY0488F1004"/>
          <ticker value="AYAAF"/>
        </identifiers>
        <balance>5639681</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.9925"/>
        <valUSD>4060502.05</valUSD>
        <pctVal>0.2558845811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CapitaLand Integrated Commercial Trust Limited</name>
        <lei>54930031292WUTXF0L29</lei>
        <title>CapitaLand Integrated Commercial Trust Limited NPV (REAL ESTATE INVESTMENT TRUST)</title>
        <cusip>Y1100L160</cusip>
        <identifiers>
          <isin value="SG1M51904654"/>
          <ticker value="CPAMF"/>
        </identifiers>
        <balance>3387014</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>5129684.58</valUSD>
        <pctVal>0.3232622897</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>Aeon Mall Co Ltd</name>
        <lei>N/A</lei>
        <title>Aeon Mall Co Ltd NPV</title>
        <cusip>J10005106</cusip>
        <identifiers>
          <isin value="JP3131430005"/>
          <ticker value="AMLLF"/>
        </identifiers>
        <balance>70066</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>999657.56</valUSD>
        <pctVal>0.0629963864</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>Japan Metropolitan Fund Inv Corp</name>
        <lei>353800QDHNIP60E1LQ93</lei>
        <title>Japan Metropolitan Fund Inv Corp REIT</title>
        <cusip>J27544105</cusip>
        <identifiers>
          <isin value="JP3039710003"/>
          <ticker value="JRFIF"/>
        </identifiers>
        <balance>4877</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>4201748.53</valUSD>
        <pctVal>0.2647856470</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>Shenzhen Investment Limited</name>
        <lei>529900QMH55P3EJRQC98</lei>
        <title>Shenzhen Investment Limited NPV</title>
        <cusip>Y7743P120</cusip>
        <identifiers>
          <isin value="HK0604011236"/>
          <ticker value="SZNTF"/>
        </identifiers>
        <balance>1927191</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>415052.87</valUSD>
        <pctVal>0.0261557878</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>Summarecon Agung</name>
        <lei>529900NX0EYVOH3TJZ08</lei>
        <title>Summarecon Agung IDR100</title>
        <cusip>Y8198G144</cusip>
        <identifiers>
          <isin value="ID1000092406"/>
          <ticker value="PSAHF"/>
        </identifiers>
        <balance>6767396</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14252.5"/>
        <valUSD>396469.36</valUSD>
        <pctVal>0.0249846927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOSiLA Logistics REIT Inc</name>
        <lei>N/A</lei>
        <title>SOSiLA Logistics REIT Inc REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3048960003"/>
          <ticker value="2979"/>
        </identifiers>
        <balance>405</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>618845.24</valUSD>
        <pctVal>0.0389983684</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>First Capital Real Estate Investment Trust</name>
        <lei>549300U55W8QFK2YTK38</lei>
        <title>First Capital Real Estate Investment Trust UNIT</title>
        <cusip>31890B103</cusip>
        <identifiers>
          <isin value="CA31890B1031"/>
          <ticker value="FCXXF"/>
        </identifiers>
        <balance>73854</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.26495"/>
        <valUSD>1101139.52</valUSD>
        <pctVal>0.0693915731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NTT UD REIT Investment Corporation</name>
        <lei>N/A</lei>
        <title>NTT UD REIT Investment Corporation REIT</title>
        <cusip>J7446X104</cusip>
        <identifiers>
          <isin value="JP3041770003"/>
          <ticker value="8956"/>
        </identifiers>
        <balance>871</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1176556.13</valUSD>
        <pctVal>0.0741441745</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 and Houses Public Company Limited</name>
        <lei>529900O7AEACUWP7KS87</lei>
        <title>Land and Houses Public Company Limited NON VOTING DEP RECEIPT REP 1 ORD THB1</title>
        <cusip>Y5172C164</cusip>
        <identifiers>
          <isin value="TH0143010R16"/>
          <ticker value="LDHUF"/>
        </identifiers>
        <balance>5816300</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.405"/>
        <valUSD>1529976.52</valUSD>
        <pctVal>0.0964160087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NAM Tai Ppty Inc</name>
        <lei>529900O97Q8EBC2RBV34</lei>
        <title>NAM Tai Ppty Inc SHS NPV</title>
        <cusip>G63907102</cusip>
        <identifiers>
          <isin value="VGG639071023"/>
          <ticker value="NTP"/>
        </identifiers>
        <balance>12427</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>125388.43</valUSD>
        <pctVal>0.0079017238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Star Asia Investoment Corporation</name>
        <lei>N/A</lei>
        <title>Star Asia Investoment Corporation REIT</title>
        <cusip>J76639103</cusip>
        <identifiers>
          <isin value="JP3048200004"/>
          <ticker value="SIACF"/>
        </identifiers>
        <balance>1037</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>570027.14</valUSD>
        <pctVal>0.0359219511</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>Orix Jreit Inc</name>
        <lei>N/A</lei>
        <title>Orix Jreit Inc REIT</title>
        <cusip>J8996L102</cusip>
        <identifiers>
          <isin value="JP3040880001"/>
          <ticker value="ORXJF"/>
        </identifiers>
        <balance>1830</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>2860456.2</valUSD>
        <pctVal>0.1802601323</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>Supalai Public Company Limited</name>
        <lei>N/A</lei>
        <title>Supalai Public Company Limited NON VTG DEP RCPT REP 1 ORD THB1</title>
        <cusip>Y8309K174</cusip>
        <identifiers>
          <isin value="TH0371010R13"/>
          <ticker value="SUPCF"/>
        </identifiers>
        <balance>627300</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.405"/>
        <valUSD>426038.65</valUSD>
        <pctVal>0.0268480893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Abacus Property Gr</name>
        <lei>2138009R3Y4TK4IZDW59</lei>
        <title>Abacus Property Gr NPV (STAPLED)</title>
        <cusip>Q0015N229</cusip>
        <identifiers>
          <isin value="AU000000ABP9"/>
          <ticker value="ABPPF"/>
        </identifiers>
        <balance>343931</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.3744759"/>
        <valUSD>948664.8</valUSD>
        <pctVal>0.0597829263</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>Far East Consortium International Ltd</name>
        <lei>54930031259IQB0EH527</lei>
        <title>Far East Consortium International Ltd HKD0.10</title>
        <cusip>G3307Z109</cusip>
        <identifiers>
          <isin value="KYG3307Z1090"/>
          <ticker value="FRTCF"/>
        </identifiers>
        <balance>756807</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>275655.73</valUSD>
        <pctVal>0.0173712635</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>Y.H.Dimri Building &amp; Development Ltd</name>
        <lei>N/A</lei>
        <title>Y.H.Dimri Building &amp; Development Ltd ILS1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0010903156"/>
          <ticker value="DIMRI"/>
        </identifiers>
        <balance>5366</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.10895"/>
        <valUSD>521846.56</valUSD>
        <pctVal>0.0328857089</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sime Darby Property</name>
        <lei>N/A</lei>
        <title>Sime Darby Property MYR0.50</title>
        <cusip>Y7962J102</cusip>
        <identifiers>
          <isin value="MYL5288OO005"/>
          <ticker value="SIMEF"/>
        </identifiers>
        <balance>1714900</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.166"/>
        <valUSD>244949.69</valUSD>
        <pctVal>0.0154362313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Immofinanz AG</name>
        <lei>5299000DUMZ99SBBX121</lei>
        <title>Immofinanz AG NPV (POST SPLIT)</title>
        <cusip>A27849339</cusip>
        <identifiers>
          <isin value="AT0000A21KS2"/>
          <ticker value="IIA"/>
        </identifiers>
        <balance>55482</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>1423781.68</valUSD>
        <pctVal>0.0897238259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Skyfame Realty (Holdings) Ltd.</name>
        <lei>549300HOUABT02D17I63</lei>
        <title>Skyfame Realty (Holdings) Ltd. HKD0.0033333</title>
        <cusip>G8220B147</cusip>
        <identifiers>
          <isin value="BMG8220B1476"/>
          <ticker value="59"/>
        </identifiers>
        <balance>1800000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>198504.24</valUSD>
        <pctVal>0.0125093335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sansiri Public Company Limited</name>
        <lei>N/A</lei>
        <title>Sansiri Public Company Limited THB1.07(NON VOTING DEP RECEIPT REP 1ORD)</title>
        <cusip>Y7511B121</cusip>
        <identifiers>
          <isin value="TH0577010R15"/>
          <ticker value="SNSUF"/>
        </identifiers>
        <balance>7774766</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.405"/>
        <valUSD>285720.58</valUSD>
        <pctVal>0.0180055299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyu Reit Inc</name>
        <lei>N/A</lei>
        <title>Tokyu Reit Inc REIT</title>
        <cusip>J88914106</cusip>
        <identifiers>
          <isin value="JP3044510000"/>
          <ticker value="TKURF"/>
        </identifiers>
        <balance>580</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>997625.45</valUSD>
        <pctVal>0.0628683269</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>Spirit Realty Capital Inc</name>
        <lei>549300LTU6LVPZSHMJ25</lei>
        <title>Spirit Realty Capital Inc COM USD0.01(POST REV SPLIT)</title>
        <cusip>84860W300</cusip>
        <identifiers>
          <isin value="US84860W3007"/>
          <ticker value="SRC"/>
        </identifiers>
        <balance>82972</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3998420.68</valUSD>
        <pctVal>0.2519723395</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>Citycon Oyj</name>
        <lei>549300P8N0P6KDGTJ206</lei>
        <title>Citycon Oyj NPV</title>
        <cusip>X1422T280</cusip>
        <identifiers>
          <isin value="FI4000369947"/>
          <ticker value="COYJF"/>
        </identifiers>
        <balance>39394</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>312777.88</valUSD>
        <pctVal>0.0197106259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dexin China Holdings Company Limited</name>
        <lei>549300U94QGMEBM0QD46</lei>
        <title>Dexin China Holdings Company Limited USD0.0005</title>
        <cusip>G2751H102</cusip>
        <identifiers>
          <isin value="KYG2751H1020"/>
          <ticker value="2019"/>
        </identifiers>
        <balance>604000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>206823.36</valUSD>
        <pctVal>0.0130335875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Prime Realty Investment Corporation</name>
        <lei>353800NJOQJAY1ODEX72</lei>
        <title>Japan Prime Realty Investment Corporation REIT</title>
        <cusip>J2741H102</cusip>
        <identifiers>
          <isin value="JP3040890000"/>
          <ticker value="JPRRF"/>
        </identifiers>
        <balance>569</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1972692.75</valUSD>
        <pctVal>0.1243150851</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>Ascendas Real Estate Investment Trust</name>
        <lei>549300ILIBAEMQZK3L20</lei>
        <title>Ascendas Real Estate Investment Trust NPV(REAL ESTATE INVESTMENT TRUSTS)</title>
        <cusip>Y0205X103</cusip>
        <identifiers>
          <isin value="SG1M77906915"/>
          <ticker value="ACDSF"/>
        </identifiers>
        <balance>2338934</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>5122528.15</valUSD>
        <pctVal>0.3228113061</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>Precinct Properties New Zealand Limited</name>
        <lei>N/A</lei>
        <title>Precinct Properties New Zealand Limited UNITS NPV</title>
        <cusip>Q7740Q104</cusip>
        <identifiers>
          <isin value="NZAPTE0001S3"/>
          <ticker value="AOTUF"/>
        </identifiers>
        <balance>877776</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.4600671"/>
        <valUSD>1003848.77</valUSD>
        <pctVal>0.0632605079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ruentex Development Co Ltd</name>
        <lei>N/A</lei>
        <title>Ruentex Development Co Ltd TWD10</title>
        <cusip>Y73659107</cusip>
        <identifiers>
          <isin value="TW0009945006"/>
          <ticker value="RUEXF"/>
        </identifiers>
        <balance>818300</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.667"/>
        <valUSD>1882228.34</valUSD>
        <pctVal>0.1186142020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Supalai Public Company Limited</name>
        <lei>N/A</lei>
        <title>Supalai Public Company Limited THB1(ALIEN MKT)</title>
        <cusip>Y8309K190</cusip>
        <identifiers>
          <isin value="TH0371010Z13"/>
          <ticker value="SULAF"/>
        </identifiers>
        <balance>280445</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.405"/>
        <valUSD>190573.31</valUSD>
        <pctVal>0.0120095424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AP (Thailand) Public Company Ltd</name>
        <lei>N/A</lei>
        <title>AP (Thailand) Public Company Ltd THB1(NVDR)</title>
        <cusip>Y0209X125</cusip>
        <identifiers>
          <isin value="TH0308010R15"/>
          <ticker value="ASSPF"/>
        </identifiers>
        <balance>1109404</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.405"/>
        <valUSD>317265.42</valUSD>
        <pctVal>0.0199934215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ichigo Inc</name>
        <lei>N/A</lei>
        <title>Ichigo Inc NPV</title>
        <cusip>J2382Y109</cusip>
        <identifiers>
          <isin value="JP3120010008"/>
          <ticker value="ICHIF"/>
        </identifiers>
        <balance>177600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>431414.5</valUSD>
        <pctVal>0.0271868644</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>Mori Trust Sogo Reit Inc</name>
        <lei>N/A</lei>
        <title>Mori Trust Sogo Reit Inc REIT</title>
        <cusip>J4664Q101</cusip>
        <identifiers>
          <isin value="JP3046170001"/>
          <ticker value="8961"/>
        </identifiers>
        <balance>712</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>896297.53</valUSD>
        <pctVal>0.0564828475</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>Global one Real Estate Investment</name>
        <lei>N/A</lei>
        <title>Global one Real Estate Investment REIT</title>
        <cusip>J1727U103</cusip>
        <identifiers>
          <isin value="JP3044520009"/>
          <ticker value="GBRSF"/>
        </identifiers>
        <balance>671</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>701790.14</valUSD>
        <pctVal>0.0442253874</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>United Urban Investment Corp</name>
        <lei>353800GYZWBD7BDCN841</lei>
        <title>United Urban Investment Corp REIT</title>
        <cusip>J9427E105</cusip>
        <identifiers>
          <isin value="JP3045540006"/>
          <ticker value="UUICF"/>
        </identifiers>
        <balance>2068</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>2430721.57</valUSD>
        <pctVal>0.1531791299</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>Cyrusone Inc</name>
        <lei>5493006S177ZK2ZNBU43</lei>
        <title>Cyrusone Inc COM USD0.01</title>
        <cusip>23283R100</cusip>
        <identifiers>
          <isin value="US23283R1005"/>
          <ticker value="CONE"/>
        </identifiers>
        <balance>86528</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7763292.16</valUSD>
        <pctVal>0.4892268833</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>WHA Corporation Public Company Limited</name>
        <lei>254900E68VLEZZULQP27</lei>
        <title>WHA Corporation Public Company Limited THB0.1(NVDR)</title>
        <cusip>Y95310127</cusip>
        <identifiers>
          <isin value="TH3871010R19"/>
          <ticker value="WHA-R"/>
        </identifiers>
        <balance>5754100</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.405"/>
        <valUSD>604998.46</valUSD>
        <pctVal>0.0381257725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alexandria Real Estate Equities, Inc.</name>
        <lei>MGCJBT4MKTQBVLNUIS88</lei>
        <title>Alexandria Real Estate Equities, Inc. COM USD0.01</title>
        <cusip>015271109</cusip>
        <identifiers>
          <isin value="US0152711091"/>
          <ticker value="ARE"/>
        </identifiers>
        <balance>101000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22518960</valUSD>
        <pctVal>1.4190990612</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>AvalonBay Communities, Inc.</name>
        <lei>K9G90K85RBWD2LAGQX17</lei>
        <title>AvalonBay Communities, Inc. COM USD0.01</title>
        <cusip>053484101</cusip>
        <identifiers>
          <isin value="US0534841012"/>
          <ticker value="AVB"/>
        </identifiers>
        <balance>97447</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24614137.73</valUSD>
        <pctVal>1.5511329007</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>Katitas Co Ltd</name>
        <lei>N/A</lei>
        <title>Katitas Co Ltd NPV</title>
        <cusip>J30978100</cusip>
        <identifiers>
          <isin value="JP3932950003"/>
          <ticker value="KTITF"/>
        </identifiers>
        <balance>35600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1369679.74</valUSD>
        <pctVal>0.0863144316</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>Axis Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>Axis Real Estate Investment Trust NPV (REAL ESTATE INVESTMENT TRUST)</title>
        <cusip>Y05193100</cusip>
        <identifiers>
          <isin value="MYL5106TO008"/>
          <ticker value="AXRB"/>
        </identifiers>
        <balance>849500</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.166"/>
        <valUSD>395486.45</valUSD>
        <pctVal>0.0249227518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Camden Property Trust</name>
        <lei>5493002MYX22OHYJBD89</lei>
        <title>Camden Property Trust SBI USD0.01</title>
        <cusip>133131102</cusip>
        <identifiers>
          <isin value="US1331311027"/>
          <ticker value="CPT"/>
        </identifiers>
        <balance>70195</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12542442.6</valUSD>
        <pctVal>0.7903992244</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>Veris Residential Inc</name>
        <lei>N/A</lei>
        <title>Veris Residential Inc COM STK USD0.01</title>
        <cusip>554489104</cusip>
        <identifiers>
          <isin value="US5544891048"/>
          <ticker value="VRE"/>
        </identifiers>
        <balance>51734</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>950870.92</valUSD>
        <pctVal>0.0599219515</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>Mapletree Logistics Trust</name>
        <lei>549300M9EBZIYH387075</lei>
        <title>Mapletree Logistics Trust NPV (REIT)</title>
        <cusip>Y5759Q107</cusip>
        <identifiers>
          <isin value="SG1S03926213"/>
          <ticker value="MAPGF"/>
        </identifiers>
        <balance>2170191</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>3059855.94</valUSD>
        <pctVal>0.1928258984</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>Starhill Global Real Estate Investment Trust</name>
        <lei>549300GCJNC7HDN3YK51</lei>
        <title>Starhill Global Real Estate Investment Trust NPV(REAL ESTATE INVESTMENT TRUSTS UNITS)</title>
        <cusip>Y7545N109</cusip>
        <identifiers>
          <isin value="SG1S18926810"/>
          <ticker value="SGLMF"/>
        </identifiers>
        <balance>990090</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>481259.48</valUSD>
        <pctVal>0.0303279937</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>Fukuoka Reit Corp</name>
        <lei>N/A</lei>
        <title>Fukuoka Reit Corp REIT</title>
        <cusip>J17128109</cusip>
        <identifiers>
          <isin value="JP3046240002"/>
          <ticker value="8968"/>
        </identifiers>
        <balance>444</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>643529.57</valUSD>
        <pctVal>0.0405539247</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>Daiwa Office Investment Corporation</name>
        <lei>N/A</lei>
        <title>Daiwa Office Investment Corporation REIT</title>
        <cusip>J1250G109</cusip>
        <identifiers>
          <isin value="JP3046310003"/>
          <ticker value="8976"/>
        </identifiers>
        <balance>225</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1370477.29</valUSD>
        <pctVal>0.0863646916</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>YTL Hospitality RE</name>
        <lei>N/A</lei>
        <title>YTL Hospitality RE SHS</title>
        <cusip>Y9865X105</cusip>
        <identifiers>
          <isin value="MYL5109TO002"/>
          <ticker value="YTLREIT"/>
        </identifiers>
        <balance>472300</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.166"/>
        <valUSD>104257.35</valUSD>
        <pctVal>0.0065700862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Agile Group Holdings Limited</name>
        <lei>549300ZRISRT38EEYY07</lei>
        <title>Agile Group Holdings Limited HKD0.10</title>
        <cusip>G01198103</cusip>
        <identifiers>
          <isin value="KYG011981035"/>
          <ticker value="AGPYF"/>
        </identifiers>
        <balance>841226</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>456430.64</valUSD>
        <pctVal>0.0287633307</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>Ichigo Office REIT Investment Corporation</name>
        <lei>N/A</lei>
        <title>Ichigo Office REIT Investment Corporation REIT</title>
        <cusip>J2382Z106</cusip>
        <identifiers>
          <isin value="JP3046300004"/>
          <ticker value="FCRQF"/>
        </identifiers>
        <balance>873</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>630515.87</valUSD>
        <pctVal>0.0397338278</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>Amata Corp</name>
        <lei>N/A</lei>
        <title>Amata Corp THB1(NVDR)</title>
        <cusip>Y0099Y126</cusip>
        <identifiers>
          <isin value="TH0617010R19"/>
          <ticker value="AMCUF"/>
        </identifiers>
        <balance>599935</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.405"/>
        <valUSD>376957.34</valUSD>
        <pctVal>0.0237550849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Duke Realty Corp</name>
        <lei>254900E47KH1NFFKNF25</lei>
        <title>Duke Realty Corp COM USD0.01</title>
        <cusip>264411505</cusip>
        <identifiers>
          <isin value="US2644115055"/>
          <ticker value="DRE"/>
        </identifiers>
        <balance>264038</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17331454.32</valUSD>
        <pctVal>1.0921930034</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>Essex Property Trust, Inc.</name>
        <lei>549300TR2H2VEFX0NC60</lei>
        <title>Essex Property Trust, Inc. COM USD0.0001</title>
        <cusip>297178105</cusip>
        <identifiers>
          <isin value="US2971781057"/>
          <ticker value="ESS"/>
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        <balance>45385</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15985958.55</valUSD>
        <pctVal>1.0074025964</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>Tosei Corporation</name>
        <lei>N/A</lei>
        <title>Tosei Corporation NPV</title>
        <cusip>J8963D109</cusip>
        <identifiers>
          <isin value="JP3595070008"/>
          <ticker value="TOETF"/>
        </identifiers>
        <balance>20800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>182645.23</valUSD>
        <pctVal>0.0115099309</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>Daiwa House Reit Investment Corp</name>
        <lei>3538001FWU534P8JMO05</lei>
        <title>Daiwa House Reit Investment Corp REIT</title>
        <cusip>J1236F118</cusip>
        <identifiers>
          <isin value="JP3046390005"/>
          <ticker value="DAWUF"/>
        </identifiers>
        <balance>1539</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>4662711.38</valUSD>
        <pctVal>0.2938345884</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>Federal Realty Investment Trust</name>
        <lei>549300LI6XZ51GOCJ427</lei>
        <title>Federal Realty Investment Trust SBI USD0.01</title>
        <cusip>313747206</cusip>
        <identifiers>
          <isin value="US3137472060"/>
          <ticker value="FRT"/>
        </identifiers>
        <balance>48813</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6654188.16</valUSD>
        <pctVal>0.4193334049</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>First Industrial Realty Trust, Inc.</name>
        <lei>N/A</lei>
        <title>First Industrial Realty Trust, Inc. COM STK USD0.01</title>
        <cusip>32054K103</cusip>
        <identifiers>
          <isin value="US32054K1034"/>
          <ticker value="FR"/>
        </identifiers>
        <balance>90084</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5963560.8</valUSD>
        <pctVal>0.3758114732</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>Healthcare Realty Trust Incorporated</name>
        <lei>549300CB86LH2IOKHH22</lei>
        <title>Healthcare Realty Trust Incorporated COM USD0.01</title>
        <cusip>421946104</cusip>
        <identifiers>
          <isin value="US4219461047"/>
          <ticker value="HR"/>
        </identifiers>
        <balance>101443</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3209656.52</valUSD>
        <pctVal>0.2022660262</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>Highwoods Properties, Inc.</name>
        <lei>ZIIGTYKL9T0X3HLTDX53</lei>
        <title>Highwoods Properties, Inc. COM USD0.01</title>
        <cusip>431284108</cusip>
        <identifiers>
          <isin value="US4312841087"/>
          <ticker value="HIW"/>
        </identifiers>
        <balance>72478</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3231794.02</valUSD>
        <pctVal>0.2036610865</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>Eastgroup Properties, Inc.</name>
        <lei>31TIGQQZC4P6JMHKSW85</lei>
        <title>Eastgroup Properties, Inc. COM USD0.0001</title>
        <cusip>277276101</cusip>
        <identifiers>
          <isin value="US2772761019"/>
          <ticker value="EGP"/>
        </identifiers>
        <balance>28196</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6424458.6</valUSD>
        <pctVal>0.4048563152</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>Washington Real Estate Investment Trust</name>
        <lei>549300DI34BGS8LVKW95</lei>
        <title>Washington Real Estate Investment Trust SBI USD0.01</title>
        <cusip>939653101</cusip>
        <identifiers>
          <isin value="US9396531017"/>
          <ticker value="WRE"/>
        </identifiers>
        <balance>58852</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1521324.2</valUSD>
        <pctVal>0.0958707571</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>Keppel REIT MTN Pte. Ltd.</name>
        <lei>549300ZD5HZLQCF55J25</lei>
        <title>Keppel REIT MTN Pte. Ltd. NPV (REIT)</title>
        <cusip>Y4740G104</cusip>
        <identifiers>
          <isin value="SG1T22929874"/>
          <ticker value="KREVF"/>
        </identifiers>
        <balance>1274720</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>1068902</valUSD>
        <pctVal>0.0673600302</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>Chong Hong Construction Co Ltd</name>
        <lei>N/A</lei>
        <title>Chong Hong Construction Co Ltd TWD10</title>
        <cusip>Y1582T103</cusip>
        <identifiers>
          <isin value="TW0005534002"/>
          <ticker value="5534"/>
        </identifiers>
        <balance>121000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.667"/>
        <valUSD>319161.92</valUSD>
        <pctVal>0.0201129351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kimco Realty Corporation</name>
        <lei>549300EA7I6T15IBYS12</lei>
        <title>Kimco Realty Corporation COM USD0.01</title>
        <cusip>49446R109</cusip>
        <identifiers>
          <isin value="US49446R1095"/>
          <ticker value="KIM"/>
        </identifiers>
        <balance>406172</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10012139.8</valUSD>
        <pctVal>0.6309446880</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>Kilroy Realty Corporation</name>
        <lei>549300CXXI18B214UN80</lei>
        <title>Kilroy Realty Corporation COM STK USD0.01</title>
        <cusip>49427F108</cusip>
        <identifiers>
          <isin value="US49427F1084"/>
          <ticker value="KRC"/>
        </identifiers>
        <balance>73069</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4856165.74</valUSD>
        <pctVal>0.3060256887</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>Brandywine Realty Trust</name>
        <lei>5UZ46ZCYUFYYAC0DS831</lei>
        <title>Brandywine Realty Trust SBI USD0.01</title>
        <cusip>105368203</cusip>
        <identifiers>
          <isin value="US1053682035"/>
          <ticker value="BDN"/>
        </identifiers>
        <balance>119782</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1607474.44</valUSD>
        <pctVal>0.1012997700</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>The Macerich Company</name>
        <lei>529900PSWCB5KI0JYU46</lei>
        <title>The Macerich Company COM USD0.01</title>
        <cusip>554382101</cusip>
        <identifiers>
          <isin value="US5543821012"/>
          <ticker value="MAC"/>
        </identifiers>
        <balance>150002</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2592034.56</valUSD>
        <pctVal>0.1633447464</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>Megaworld Corporation</name>
        <lei>254900P57OOZ5AY5C521</lei>
        <title>Megaworld Corporation PHP1</title>
        <cusip>Y59481112</cusip>
        <identifiers>
          <isin value="PHY594811127"/>
          <ticker value="MGAWF"/>
        </identifiers>
        <balance>7631001</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.9925"/>
        <valUSD>471671.15</valUSD>
        <pctVal>0.0297237566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yanlord Land Group Limited</name>
        <lei>N/A</lei>
        <title>Yanlord Land Group Limited NPV</title>
        <cusip>Y9729A101</cusip>
        <identifiers>
          <isin value="SG1T57930854"/>
          <ticker value="YLDGF"/>
        </identifiers>
        <balance>418900</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>344868.05</valUSD>
        <pctVal>0.0217328831</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>Universal Hlth Rlt</name>
        <lei>549300L4MWZL4IH6H172</lei>
        <title>Universal Hlth Rlt SHS BEN INT USD0.01</title>
        <cusip>91359E105</cusip>
        <identifiers>
          <isin value="US91359E1055"/>
          <ticker value="UHT"/>
        </identifiers>
        <balance>9357</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>556460.79</valUSD>
        <pctVal>0.0350670273</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>Lxp Industrial Trust</name>
        <lei>549300S4MH2ICXDBFV43</lei>
        <title>Lxp Industrial Trust COM USD0.0001</title>
        <cusip>529043101</cusip>
        <identifiers>
          <isin value="US5290431015"/>
          <ticker value="LXP"/>
        </identifiers>
        <balance>193585</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3023797.7</valUSD>
        <pctVal>0.1905535814</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>Host Hotels &amp; Resorts Inc</name>
        <lei>N6EL63S0K3PB1YFTDI24</lei>
        <title>Host Hotels &amp; Resorts Inc COM STK USD0.01</title>
        <cusip>44107P104</cusip>
        <identifiers>
          <isin value="US44107P1049"/>
          <ticker value="HST"/>
        </identifiers>
        <balance>497919</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8658811.41</valUSD>
        <pctVal>0.5456606852</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>Mid-America Apartment Communities, Inc.</name>
        <lei>549300FQZKFR5YNSHZ21</lei>
        <title>Mid-America Apartment Communities, Inc. COM USD0.01</title>
        <cusip>59522J103</cusip>
        <identifiers>
          <isin value="US59522J1034"/>
          <ticker value="MAA"/>
        </identifiers>
        <balance>80976</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18579133.44</valUSD>
        <pctVal>1.1708192041</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>National Health Investors, Inc.</name>
        <lei>549300ZPKZIG6DKDEC02</lei>
        <title>National Health Investors, Inc. COM STK USD0.01</title>
        <cusip>63633D104</cusip>
        <identifiers>
          <isin value="US63633D1046"/>
          <ticker value="NHI"/>
        </identifiers>
        <balance>30691</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1763811.77</valUSD>
        <pctVal>0.1111518306</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>Getty Realty Corp</name>
        <lei>N/A</lei>
        <title>Getty Realty Corp COM USD0.01</title>
        <cusip>374297109</cusip>
        <identifiers>
          <isin value="US3742971092"/>
          <ticker value="GTY"/>
        </identifiers>
        <balance>26626</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>854428.34</valUSD>
        <pctVal>0.0538443363</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>Daiwa Securities Living Investment Corporation</name>
        <lei>N/A</lei>
        <title>Daiwa Securities Living Investment Corporation REIT</title>
        <cusip>J1R49P106</cusip>
        <identifiers>
          <isin value="JP3046410001"/>
          <ticker value="JRHIF"/>
        </identifiers>
        <balance>1267</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1304515.56</valUSD>
        <pctVal>0.0822079175</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>Japan Excellent Inc</name>
        <lei>35380015J62221TE0D86</lei>
        <title>Japan Excellent Inc REIT</title>
        <cusip>J2739K109</cusip>
        <identifiers>
          <isin value="JP3046420000"/>
          <ticker value="JPXCF"/>
        </identifiers>
        <balance>848</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>984045.31</valUSD>
        <pctVal>0.0620125341</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 Group Holdings Ltd HKD0.10</title>
        <cusip>G81043104</cusip>
        <identifiers>
          <isin value="KYG810431042"/>
          <ticker value="SIOPF"/>
        </identifiers>
        <balance>873369</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>571342.06</valUSD>
        <pctVal>0.0360048147</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>Greentown China Holdings Ltd.</name>
        <lei>529900BLBC6YDNWS8530</lei>
        <title>Greentown China Holdings Ltd. HKD0.10</title>
        <cusip>G4100M105</cusip>
        <identifiers>
          <isin value="KYG4100M1050"/>
          <ticker value="GTWCF"/>
        </identifiers>
        <balance>617000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>993997.4</valUSD>
        <pctVal>0.0626396946</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>CDL Hospitality Tr</name>
        <lei>N/A</lei>
        <title>CDL Hospitality Tr NPV STAPLED UNITS</title>
        <cusip>Y1233P104</cusip>
        <identifiers>
          <isin value="SG1T66931158"/>
          <ticker value="CDHSF"/>
        </identifiers>
        <balance>567692</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>492214.51</valUSD>
        <pctVal>0.0310183574</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>Nippon Accommodations Fund Inc.</name>
        <lei>N/A</lei>
        <title>Nippon Accommodations Fund Inc. REIT</title>
        <cusip>J52066107</cusip>
        <identifiers>
          <isin value="JP3046440008"/>
          <ticker value="NIPPF"/>
        </identifiers>
        <balance>317</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1827839.08</valUSD>
        <pctVal>0.1151867015</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>Simon Property Group Inc</name>
        <lei>529900GQL5X8H7AO3T64</lei>
        <title>Simon Property Group Inc COM USD0.0001</title>
        <cusip>828806109</cusip>
        <identifiers>
          <isin value="US8288061091"/>
          <ticker value="SPG"/>
        </identifiers>
        <balance>229327</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36639574.79</valUSD>
        <pctVal>2.3089514875</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>Corporate Office Properties Trust</name>
        <lei>YY1J47X6LF9TYY8JY420</lei>
        <title>Corporate Office Properties Trust COM USD0.01</title>
        <cusip>22002T108</cusip>
        <identifiers>
          <isin value="US22002T1088"/>
          <ticker value="OFC"/>
        </identifiers>
        <balance>79047</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2210944.59</valUSD>
        <pctVal>0.1393292316</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>Huaku Development</name>
        <lei>N/A</lei>
        <title>Huaku Development TWD10</title>
        <cusip>Y3742X107</cusip>
        <identifiers>
          <isin value="TW0002548005"/>
          <ticker value="2548"/>
        </identifiers>
        <balance>169000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.667"/>
        <valUSD>558249.4</valUSD>
        <pctVal>0.0351797418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Central Pattana Public Company Limited</name>
        <lei>N/A</lei>
        <title>Central Pattana Public Company Limited THB0.5(NVDR)</title>
        <cusip>Y1242U128</cusip>
        <identifiers>
          <isin value="TH0481010R10"/>
          <ticker value="CPN-R"/>
        </identifiers>
        <balance>827798</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.405"/>
        <valUSD>1396693.92</valUSD>
        <pctVal>0.0880168103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Public Storage</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage COM USD0.10</title>
        <cusip>74460D109</cusip>
        <identifiers>
          <isin value="US74460D1090"/>
          <ticker value="PSA"/>
        </identifiers>
        <balance>110075</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41229692</valUSD>
        <pctVal>2.5982113389</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. COM USD0.01</title>
        <cusip>866674104</cusip>
        <identifiers>
          <isin value="US8666741041"/>
          <ticker value="SUI"/>
        </identifiers>
        <balance>80875</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16981323.75</valUSD>
        <pctVal>1.0701284869</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>Shui On Land Limited</name>
        <lei>5299008W71Y7DHTU7753</lei>
        <title>Shui On Land Limited USD0.0025</title>
        <cusip>G81151113</cusip>
        <identifiers>
          <isin value="KYG811511131"/>
          <ticker value="SOLLF"/>
        </identifiers>
        <balance>2537277</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>341687.75</valUSD>
        <pctVal>0.0215324671</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>Guangzhou R&amp;F Properties Co. Ltd.</name>
        <lei>529900ICJ8CK8LFWH863</lei>
        <title>Guangzhou R&amp;F Properties Co. Ltd. 'H'CNY0.25</title>
        <cusip>Y2933F115</cusip>
        <identifiers>
          <isin value="CNE100000569"/>
          <ticker value="GZUHF"/>
        </identifiers>
        <balance>1211002</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>450502.9</valUSD>
        <pctVal>0.0283897765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Highwealth Construction Corp</name>
        <lei>N/A</lei>
        <title>Highwealth Construction Corp TWD10</title>
        <cusip>Y3721G109</cusip>
        <identifiers>
          <isin value="TW0002542008"/>
          <ticker value="2542"/>
        </identifiers>
        <balance>529800</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.667"/>
        <valUSD>885548.89</valUSD>
        <pctVal>0.0558054901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Esr-Reit</name>
        <lei>5493008PFX3JN1RMMD48</lei>
        <title>Esr-Reit NPV (REAL ESTATE INVESTMENT TRUST)</title>
        <cusip>Y2301D106</cusip>
        <identifiers>
          <isin value="SG1T70931228"/>
          <ticker value="CGIUF"/>
        </identifiers>
        <balance>1959430</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>697928.38</valUSD>
        <pctVal>0.0439820271</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>Cathay Real Estate</name>
        <lei>N/A</lei>
        <title>Cathay Real Estate TWD10</title>
        <cusip>Y11579102</cusip>
        <identifiers>
          <isin value="TW0002501004"/>
          <ticker value="CTHCF"/>
        </identifiers>
        <balance>370000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.667"/>
        <valUSD>257442.84</valUSD>
        <pctVal>0.0162235242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mori Hills REIT Investment Corp</name>
        <lei>N/A</lei>
        <title>Mori Hills REIT Investment Corp REIT</title>
        <cusip>J4665S106</cusip>
        <identifiers>
          <isin value="JP3046470005"/>
          <ticker value="3234"/>
        </identifiers>
        <balance>1074</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1459084.58</valUSD>
        <pctVal>0.0919485428</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>Tanger Factory Outlet Centers Incorporation</name>
        <lei>UKEW8YSXE4Y581KYOL30</lei>
        <title>Tanger Factory Outlet Centers Incorporation COM USD0.01</title>
        <cusip>875465106</cusip>
        <identifiers>
          <isin value="US8754651060"/>
          <ticker value="SKT"/>
        </identifiers>
        <balance>73125</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1409850</valUSD>
        <pctVal>0.0888458797</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>Ventas Inc.</name>
        <lei>ORQTRC074CWLT3DKHT41</lei>
        <title>Ventas Inc. COM USD0.25</title>
        <cusip>92276F100</cusip>
        <identifiers>
          <isin value="US92276F1003"/>
          <ticker value="VTR"/>
        </identifiers>
        <balance>274541</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14034535.92</valUSD>
        <pctVal>0.8844279109</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>Vornado Realty Trust</name>
        <lei>N/A</lei>
        <title>Vornado Realty Trust COM SHS OF BEN INT USD0.04</title>
        <cusip>929042109</cusip>
        <identifiers>
          <isin value="US9290421091"/>
          <ticker value="VNO"/>
        </identifiers>
        <balance>113435</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4748389.1</valUSD>
        <pctVal>0.2992338240</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>Parque Arauco Sa</name>
        <lei>2549001WW2PV1Y0UEU97</lei>
        <title>Parque Arauco Sa NPV</title>
        <cusip>P76328106</cusip>
        <identifiers>
          <isin value="CLP763281068"/>
          <ticker value="PARAUCO"/>
        </identifiers>
        <balance>351323</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="852"/>
        <valUSD>386834.98</valUSD>
        <pctVal>0.0243775537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Overseas Land &amp; Investment Ltd</name>
        <lei>529900I6W35GYKRIZ151</lei>
        <title>China Overseas Land &amp; Investment Ltd NPV</title>
        <cusip>Y15004107</cusip>
        <identifiers>
          <isin value="HK0688002218"/>
          <ticker value="CAOVF"/>
        </identifiers>
        <balance>2671042</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>6323932.86</valUSD>
        <pctVal>0.3985213875</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 Limited</name>
        <lei>5299001HL0TU7X15HK51</lei>
        <title>China Resources Land Limited ORD HKD0.10</title>
        <cusip>G2108Y105</cusip>
        <identifiers>
          <isin value="KYG2108Y1052"/>
          <ticker value="CRBJF"/>
        </identifiers>
        <balance>2238155</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>9415561.46</valUSD>
        <pctVal>0.5933495343</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>City Developments Ltd</name>
        <lei>254900BPLPJS0RJ72373</lei>
        <title>City Developments Ltd NPV</title>
        <cusip>V23130111</cusip>
        <identifiers>
          <isin value="SG1R89002252"/>
          <ticker value="CDEVF"/>
        </identifiers>
        <balance>283400</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>1433238.6</valUSD>
        <pctVal>0.0903197817</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>Poly Property Group Co. Limited</name>
        <lei>N/A</lei>
        <title>Poly Property Group Co. Limited NPV</title>
        <cusip>Y7064G105</cusip>
        <identifiers>
          <isin value="HK0119000674"/>
          <ticker value="PHKIF"/>
        </identifiers>
        <balance>1458000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>383334.56</valUSD>
        <pctVal>0.0241569644</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>Gav-Yam Lands Corporation Ltd</name>
        <lei>N/A</lei>
        <title>Gav-Yam Lands Corporation Ltd ILS0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0007590198"/>
          <ticker value="GVYM"/>
        </identifiers>
        <balance>97065</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.10895"/>
        <valUSD>1199430.53</valUSD>
        <pctVal>0.0755856727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bmo Commercial Property Trust Ltd</name>
        <lei>213800A2B1H4ULF3K397</lei>
        <title>Bmo Commercial Property Trust Ltd ORD GBP0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GG00B4ZPCJ00"/>
          <ticker value="BCPT"/>
        </identifiers>
        <balance>545779</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>775850.73</valUSD>
        <pctVal>0.0488925351</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>Kennedy-Wilson Holdings Inc</name>
        <lei>549300MOI1T78144X610</lei>
        <title>Kennedy-Wilson Holdings Inc COM STK USD0.0001</title>
        <cusip>489398107</cusip>
        <identifiers>
          <isin value="US4893981070"/>
          <ticker value="KW"/>
        </identifiers>
        <balance>87775</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2096067</valUSD>
        <pctVal>0.1320898795</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>Londonmetric Property Plc</name>
        <lei>213800OCERWWPQDURL87</lei>
        <title>Londonmetric Property Plc ORD GBP0.10</title>
        <cusip>G5689W109</cusip>
        <identifiers>
          <isin value="GB00B4WFW713"/>
          <ticker value="LNSPF"/>
        </identifiers>
        <balance>600906</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>2303018.99</valUSD>
        <pctVal>0.1451315730</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>Daiwa House Industry Co</name>
        <lei>N/A</lei>
        <title>Daiwa House Industry Co NPV</title>
        <cusip>J11508124</cusip>
        <identifiers>
          <isin value="JP3505000004"/>
          <ticker value="DWAHF"/>
        </identifiers>
        <balance>395000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>11360308.55</valUSD>
        <pctVal>0.7159035408</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>Filinvest Land Inc</name>
        <lei>N/A</lei>
        <title>Filinvest Land Inc PHP1.00</title>
        <cusip>Y24916101</cusip>
        <identifiers>
          <isin value="PHY249161019"/>
          <ticker value="FLI"/>
        </identifiers>
        <balance>5653989</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.9925"/>
        <valUSD>121951.35</valUSD>
        <pctVal>0.0076851261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Corporacion Inmobiliaria Vesta SAB</name>
        <lei>4469000001BIRIFZJ959</lei>
        <title>Corporacion Inmobiliaria Vesta SAB COM NPV</title>
        <cusip>P9781N108</cusip>
        <identifiers>
          <isin value="MX01VE0M0003"/>
          <ticker value="VESTF"/>
        </identifiers>
        <balance>455500</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.4755"/>
        <valUSD>912979.9</valUSD>
        <pctVal>0.0575341365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEG Immobilien SE</name>
        <lei>391200SO40AKONBO0Z96</lei>
        <title>LEG Immobilien SE NPV</title>
        <cusip>D4960A103</cusip>
        <identifiers>
          <isin value="DE000LEG1110"/>
          <ticker value="LEGIF"/>
        </identifiers>
        <balance>50777</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>7093069.5</valUSD>
        <pctVal>0.4469908144</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>Hang Lung Group</name>
        <lei>529900V2T2EPOQYH0981</lei>
        <title>Hang Lung Group NPV</title>
        <cusip>Y30148111</cusip>
        <identifiers>
          <isin value="HK0010000088"/>
          <ticker value="HNLGF"/>
        </identifiers>
        <balance>580000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>1239323.76</valUSD>
        <pctVal>0.0780996629</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>Mivne Real Estate (K.D) Ltd</name>
        <lei>N/A</lei>
        <title>Mivne Real Estate (K.D) Ltd ILS1</title>
        <cusip>M5514Q106</cusip>
        <identifiers>
          <isin value="IL0002260193"/>
          <ticker value="MVNE"/>
        </identifiers>
        <balance>420795</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.10895"/>
        <valUSD>1806605.35</valUSD>
        <pctVal>0.1138485950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SC Asset Corporation Public Company Limited</name>
        <lei>N/A</lei>
        <title>SC Asset Corporation Public Company Limited THB1 (ALIEN MKT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0747A10Z19"/>
          <ticker value="SC-F"/>
        </identifiers>
        <balance>747984</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.405"/>
        <valUSD>75235.03</valUSD>
        <pctVal>0.0047411586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sph Reit</name>
        <lei>549300147IMZFE7VYR26</lei>
        <title>Sph Reit UNITS</title>
        <cusip>Y8123J106</cusip>
        <identifiers>
          <isin value="SG2G02994595"/>
          <ticker value="SPHEF"/>
        </identifiers>
        <balance>695400</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3476"/>
        <valUSD>516227.17</valUSD>
        <pctVal>0.0325315864</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>Rexford Industrial Realty, Inc.</name>
        <lei>549300MSLO0DF0EMX355</lei>
        <title>Rexford Industrial Realty, Inc. COM USD0.01</title>
        <cusip>76169C100</cusip>
        <identifiers>
          <isin value="US76169C1009"/>
          <ticker value="REXR"/>
        </identifiers>
        <balance>96083</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7793292.13</valUSD>
        <pctVal>0.4911174204</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>Saul Centers, Inc.</name>
        <lei>N/A</lei>
        <title>Saul Centers, Inc. COM USD0.01</title>
        <cusip>804395101</cusip>
        <identifiers>
          <isin value="US8043951016"/>
          <ticker value="BFS"/>
        </identifiers>
        <balance>10164</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>538895.28</valUSD>
        <pctVal>0.0339600846</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>Heiwa Real Estate Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>Heiwa Real Estate Co.,Ltd. NPV</title>
        <cusip>J19278100</cusip>
        <identifiers>
          <isin value="JP3834800009"/>
          <ticker value="HWARF"/>
        </identifiers>
        <balance>21700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>730120.86</valUSD>
        <pctVal>0.0460107317</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>Henderson Land Development Co Ltd</name>
        <lei>529900SYQB7IVR9QGN76</lei>
        <title>Henderson Land Development Co Ltd NPV</title>
        <cusip>Y31476107</cusip>
        <identifiers>
          <isin value="HK0012000102"/>
          <ticker value="HLDVF"/>
        </identifiers>
        <balance>1012555</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>4312781.55</valUSD>
        <pctVal>0.2717827222</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>LTC Properties Inc</name>
        <lei>549300NRZP8IJG2KY677</lei>
        <title>LTC Properties Inc COM USD0.01</title>
        <cusip>502175102</cusip>
        <identifiers>
          <isin value="US5021751020"/>
          <ticker value="LTC"/>
        </identifiers>
        <balance>27554</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>940693.56</valUSD>
        <pctVal>0.0592805950</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>Acadia Realty Trust</name>
        <lei>N/A</lei>
        <title>Acadia Realty Trust SBI USD0.001</title>
        <cusip>004239109</cusip>
        <identifiers>
          <isin value="US0042391096"/>
          <ticker value="AKR"/>
        </identifiers>
        <balance>61763</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1348286.29</valUSD>
        <pctVal>0.0849662599</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>PS Business Pks</name>
        <lei>N/A</lei>
        <title>PS Business Pks COM SER'A'USD 0.01</title>
        <cusip>69360J107</cusip>
        <identifiers>
          <isin value="US69360J1079"/>
          <ticker value="PSB"/>
        </identifiers>
        <balance>14546</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2678936.82</valUSD>
        <pctVal>0.1688211501</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>Realty Income Corporation</name>
        <lei>549300CUWDAUZSH43859</lei>
        <title>Realty Income Corporation COM USD1</title>
        <cusip>756109104</cusip>
        <identifiers>
          <isin value="US7561091049"/>
          <ticker value="O"/>
        </identifiers>
        <balance>384543</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27529433.37</valUSD>
        <pctVal>1.7348489030</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>Hongkong Land Hld</name>
        <lei>213800XCHYNRPAYGXW28</lei>
        <title>Hongkong Land Hld ORD USD0.10(SINGAPORE REG)</title>
        <cusip>G4587L109</cusip>
        <identifiers>
          <isin value="BMG4587L1090"/>
          <ticker value="HKHGF"/>
        </identifiers>
        <balance>814518</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4232600.76</valUSD>
        <pctVal>0.2667298918</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>The Wharf (Holdings) Limited</name>
        <lei>254900JCV4TBBPX9IW91</lei>
        <title>The Wharf (Holdings) Limited NPV</title>
        <cusip>Y8800U127</cusip>
        <identifiers>
          <isin value="HK0004000045"/>
          <ticker value="WARFF"/>
        </identifiers>
        <balance>958317</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>2943025.32</valUSD>
        <pctVal>0.1854634703</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>Hysan Development Co Ltd</name>
        <lei>5299007BABFLKIH9HL03</lei>
        <title>Hysan Development Co Ltd NPV</title>
        <cusip>Y38203124</cusip>
        <identifiers>
          <isin value="HK0014000126"/>
          <ticker value="HYSNF"/>
        </identifiers>
        <balance>436045</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>1347787.59</valUSD>
        <pctVal>0.0849348329</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>K. Wah International Holdings Ltd.</name>
        <lei>529900ZOP51K5LHLPK04</lei>
        <title>K. Wah International Holdings Ltd. HKD0.10</title>
        <cusip>G5321P116</cusip>
        <identifiers>
          <isin value="BMG5321P1169"/>
          <ticker value="KWHAF"/>
        </identifiers>
        <balance>780802</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>301412.6</valUSD>
        <pctVal>0.0189944091</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>Keihanshin Building Co Ltd</name>
        <lei>N/A</lei>
        <title>Keihanshin Building Co Ltd NPV</title>
        <cusip>J31976103</cusip>
        <identifiers>
          <isin value="JP3279000008"/>
          <ticker value="KEIHF"/>
        </identifiers>
        <balance>20000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>270793.2</valUSD>
        <pctVal>0.0170648367</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>alstria office REIT-AG</name>
        <lei>529900QIJIGPI0DRL085</lei>
        <title>alstria office REIT-AG NPV (BR)</title>
        <cusip>D0378R100</cusip>
        <identifiers>
          <isin value="DE000A0LD2U1"/>
          <ticker value="ALSRF"/>
        </identifiers>
        <balance>111817</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>2484766.04</valUSD>
        <pctVal>0.1565849024</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>Alexanders Inc</name>
        <lei>549300TZM28P04U5R635</lei>
        <title>Alexanders Inc COM USD1</title>
        <cusip>014752109</cusip>
        <identifiers>
          <isin value="US0147521092"/>
          <ticker value="ALX"/>
        </identifiers>
        <balance>1656</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>431056.8</valUSD>
        <pctVal>0.0271643229</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>Urstadt Biddle Properties Inc.</name>
        <lei>549300XXD0YL0AER3Z82</lei>
        <title>Urstadt Biddle Properties Inc. CLASS'A'COM USD0.01</title>
        <cusip>917286205</cusip>
        <identifiers>
          <isin value="US9172862057"/>
          <ticker value="UBA"/>
        </identifiers>
        <balance>20907</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>445319.1</valUSD>
        <pctVal>0.0280631040</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>BR Malls Participacoes S.A.</name>
        <lei>N/A</lei>
        <title>BR Malls Participacoes S.A. COM NPV</title>
        <cusip>P1908S102</cusip>
        <identifiers>
          <isin value="BRBRMLACNOR9"/>
          <ticker value="BRML3"/>
        </identifiers>
        <balance>610913</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.57"/>
        <valUSD>911691.87</valUSD>
        <pctVal>0.0574529675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Country Garden Holdings Company Limited</name>
        <lei>549300MGHLPT1EFHGF84</lei>
        <title>Country Garden Holdings Company Limited HKD0.10</title>
        <cusip>G24524103</cusip>
        <identifiers>
          <isin value="KYG245241032"/>
          <ticker value="CTRYF"/>
        </identifiers>
        <balance>5477672</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>4865439.26</valUSD>
        <pctVal>0.3066100871</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>American Campus Communities, Inc.</name>
        <lei>529900MR3ZXRO3W6UX26</lei>
        <title>American Campus Communities, Inc. COM USD0.01</title>
        <cusip>024835100</cusip>
        <identifiers>
          <isin value="US0248351001"/>
          <ticker value="ACC"/>
        </identifiers>
        <balance>96982</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5556098.78</valUSD>
        <pctVal>0.3501340454</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>Extra Space Storage Inc.</name>
        <lei>529900SDJHKRQWED6A16</lei>
        <title>Extra Space Storage Inc. COM USD0.01</title>
        <cusip>30225T102</cusip>
        <identifiers>
          <isin value="US30225T1025"/>
          <ticker value="EXR"/>
        </identifiers>
        <balance>93387</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21173634.51</valUSD>
        <pctVal>1.3343193849</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>Sunstone Hotel Investors Inc.</name>
        <lei>529900ZQ2V52V96ATF67</lei>
        <title>Sunstone Hotel Investors Inc. COM USD0.01</title>
        <cusip>867892101</cusip>
        <identifiers>
          <isin value="US8678921011"/>
          <ticker value="SHO"/>
        </identifiers>
        <balance>153918</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1805458.14</valUSD>
        <pctVal>0.1137763001</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>Digital Realty Trust Inc</name>
        <lei>549300HKCZ31D08NEI41</lei>
        <title>Digital Realty Trust Inc COM STK USD0.01</title>
        <cusip>253868103</cusip>
        <identifiers>
          <isin value="US2538681030"/>
          <ticker value="DLR"/>
        </identifiers>
        <balance>197234</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34884777.58</valUSD>
        <pctVal>2.1983677361</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>Equity Lifestyle Properties Inc</name>
        <lei>529900PEQG66LENB6798</lei>
        <title>Equity Lifestyle Properties Inc COM USD0.01</title>
        <cusip>29472R108</cusip>
        <identifiers>
          <isin value="US29472R1086"/>
          <ticker value="ELS"/>
        </identifiers>
        <balance>121826</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10679267.16</valUSD>
        <pctVal>0.6729856974</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>Central China Real Estate Limited</name>
        <lei>549300JDML9PYG0CIJ22</lei>
        <title>Central China Real Estate Limited HKD0.10</title>
        <cusip>G20768100</cusip>
        <identifiers>
          <isin value="KYG207681001"/>
          <ticker value="832"/>
        </identifiers>
        <balance>610000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>73545.26</valUSD>
        <pctVal>0.0046346727</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>Bgp Holdings Plc</name>
        <lei>N/A</lei>
        <title>Bgp Holdings Plc BENEFICIAL INTEREST SHS NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU00573958S3"/>
        </identifiers>
        <balance>6535576</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>.08</valUSD>
        <pctVal>0.0000000050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>MT</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capital &amp; Counties</name>
        <lei>549300TTXXZ1SHUI0D54</lei>
        <title>Capital &amp; Counties ORD GBP0.25</title>
        <cusip>G19406100</cusip>
        <identifiers>
          <isin value="GB00B62G9D36"/>
          <ticker value="CCPPF"/>
        </identifiers>
        <balance>501621</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>1144091.84</valUSD>
        <pctVal>0.0720983410</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>Atrium Ljungberg AB</name>
        <lei>5493001NNP6HM67OVU09</lei>
        <title>Atrium Ljungberg AB SER'B'NPV</title>
        <cusip>W53402108</cusip>
        <identifiers>
          <isin value="SE0000191827"/>
          <ticker value="ATRLJ B"/>
        </identifiers>
        <balance>30961</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>684237.35</valUSD>
        <pctVal>0.0431192462</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>Daibiru Corp</name>
        <lei>N/A</lei>
        <title>Daibiru Corp NPV</title>
        <cusip>J08463101</cusip>
        <identifiers>
          <isin value="JP3497200000"/>
          <ticker value="8806"/>
        </identifiers>
        <balance>32400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>622377.38</valUSD>
        <pctVal>0.0392209567</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>Mabanee Co</name>
        <lei>N/A</lei>
        <title>Mabanee Co KWD0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KW0EQ0400725"/>
          <ticker value="MABANEE"/>
        </identifiers>
        <balance>400710.62</balance>
        <units>NS</units>
        <currencyConditional curCd="KWD" exchangeRt=".30235"/>
        <valUSD>1050764.64</valUSD>
        <pctVal>0.0662170506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PT Ciputra Development Tbk</name>
        <lei>2549000JMJUYB9U5Y204</lei>
        <title>PT Ciputra Development Tbk IDR250</title>
        <cusip>Y7121J134</cusip>
        <identifiers>
          <isin value="ID1000115306"/>
          <ticker value="CTRA"/>
        </identifiers>
        <balance>6406936</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14252.5"/>
        <valUSD>436010.31</valUSD>
        <pctVal>0.0274764830</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sunway Real Estate</name>
        <lei>N/A</lei>
        <title>Sunway Real Estate REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5176TO001"/>
          <ticker value="SREIT"/>
        </identifiers>
        <balance>1247000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.166"/>
        <valUSD>422058.66</valUSD>
        <pctVal>0.0265972784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sunac China Holdings Limited</name>
        <lei>549300OLARYHDXP3WK18</lei>
        <title>Sunac China Holdings Limited HKD0.10</title>
        <cusip>G8569A106</cusip>
        <identifiers>
          <isin value="KYG8569A1067"/>
          <ticker value="SCCCF"/>
        </identifiers>
        <balance>2088050</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>3155491.16</valUSD>
        <pctVal>0.1988526354</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>Aldar Properties</name>
        <lei>N/A</lei>
        <title>Aldar Properties AED1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AEA002001013"/>
          <ticker value="ALDAR"/>
        </identifiers>
        <balance>2716461</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.67305"/>
        <valUSD>2950122.66</valUSD>
        <pctVal>0.1859107302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Industrial Urban Development Group Limited</name>
        <lei>N/A</lei>
        <title>Shanghai Industrial Urban Development Group Limited HKD0.04</title>
        <cusip>G8065B103</cusip>
        <identifiers>
          <isin value="BMG8065B1037"/>
          <ticker value="SIUDF"/>
        </identifiers>
        <balance>1462000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>142507.58</valUSD>
        <pctVal>0.0089805379</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>Prince Housing and Development Corporation</name>
        <lei>N/A</lei>
        <title>Prince Housing and Development Corporation TWD10</title>
        <cusip>Y7080J109</cusip>
        <identifiers>
          <isin value="TW0002511003"/>
          <ticker value="PHDVF"/>
        </identifiers>
        <balance>696000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.667"/>
        <valUSD>336547.63</valUSD>
        <pctVal>0.0212085472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Jinqiao Export Processing Zone United Development Co., Ltd.</name>
        <lei>300300145JZKQZO13H90</lei>
        <title>Shanghai Jinqiao Export Processing Zone United Development Co., Ltd. 'B'CNY1</title>
        <cusip>Y4443D101</cusip>
        <identifiers>
          <isin value="CNE000000941"/>
          <ticker value="900911"/>
        </identifiers>
        <balance>172216</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>156031.13</valUSD>
        <pctVal>0.0098327645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Workspace Group</name>
        <lei>2138003GUZRFIN3UT430</lei>
        <title>Workspace Group ORD GBP1</title>
        <cusip>G5595E136</cusip>
        <identifiers>
          <isin value="GB00B67G5X01"/>
          <ticker value="WKPPF"/>
        </identifiers>
        <balance>94185</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7387979"/>
        <valUSD>1031527.49</valUSD>
        <pctVal>0.0650047645</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>Selvaag Bolig As</name>
        <lei>5967007LIEEXZXIHPK59</lei>
        <title>Selvaag Bolig As NOK2</title>
        <cusip>R7800E107</cusip>
        <identifiers>
          <isin value="NO0010612450"/>
          <ticker value="SBO"/>
        </identifiers>
        <balance>31182</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="8.80655"/>
        <valUSD>180460.09</valUSD>
        <pctVal>0.0113722279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SP Setia</name>
        <lei>N/A</lei>
        <title>SP Setia NPV</title>
        <cusip>Y8132G101</cusip>
        <identifiers>
          <isin value="MYL8664OO004"/>
          <ticker value="SPSB"/>
        </identifiers>
        <balance>1129669</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.166"/>
        <valUSD>350152.34</valUSD>
        <pctVal>0.0220658883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Tatemono Co Ltd</name>
        <lei>529900RQA4JTW1869J86</lei>
        <title>Tokyo Tatemono Co Ltd NPV</title>
        <cusip>J88333133</cusip>
        <identifiers>
          <isin value="JP3582600007"/>
          <ticker value="TYTMF"/>
        </identifiers>
        <balance>130600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1907634.59</valUSD>
        <pctVal>0.1202152522</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>IGB Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>IGB Real Estate Investment Trust UNITS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5227TO002"/>
          <ticker value="IGBREIT"/>
        </identifiers>
        <balance>1111200</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.166"/>
        <valUSD>440099.02</valUSD>
        <pctVal>0.0277341452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</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 REIT</title>
        <cusip>J17305103</cusip>
        <identifiers>
          <isin value="JP3047510007"/>
          <ticker value="3281"/>
        </identifiers>
        <balance>2977</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>5144108.49</valUSD>
        <pctVal>0.3241712552</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>Comforia Residential REIT.Inc</name>
        <lei>353800BJ2SV3UPG9JU05</lei>
        <title>Comforia Residential REIT.Inc REIT</title>
        <cusip>J0816Z106</cusip>
        <identifiers>
          <isin value="JP3047540004"/>
          <ticker value="COFRF"/>
        </identifiers>
        <balance>436</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.03"/>
        <valUSD>1294395.36</valUSD>
        <pctVal>0.0815701631</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>Growthpoint Properties Ltd</name>
        <lei>37890019DD1E46632291</lei>
        <title>Growthpoint Properties Ltd NPV</title>
        <cusip>S3373C239</cusip>
        <identifiers>
          <isin value="ZAE000179420"/>
          <ticker value="GWWTF"/>
        </identifiers>
        <balance>2402369</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.935"/>
        <valUSD>2316656.35</valUSD>
        <pctVal>0.1459909717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Immobel</name>
        <lei>549300GAV4HKKFJA8W67</lei>
        <title>Immobel NPV</title>
        <cusip>B22904112</cusip>
        <identifiers>
          <isin value="BE0003599108"/>
          <ticker value="IMMO"/>
        </identifiers>
        <balance>2619</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>217390.62</valUSD>
        <pctVal>0.0136995148</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>Cofinimmo S.A./N.V.</name>
        <lei>549300TM914CSF6KI389</lei>
        <title>Cofinimmo S.A./N.V. NPV</title>
        <cusip>B25654136</cusip>
        <identifiers>
          <isin value="BE0003593044"/>
          <ticker value="COFB"/>
        </identifiers>
        <balance>20072</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>3211177.27</valUSD>
        <pctVal>0.2023618608</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>Vastned</name>
        <lei>724500GTYRJW5W85PN10</lei>
        <title>Vastned EUR5</title>
        <cusip>N91784103</cusip>
        <identifiers>
          <isin value="NL0000288918"/>
          <ticker value="VASTN"/>
        </identifiers>
        <balance>8114</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>221728.89</valUSD>
        <pctVal>0.0139729037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wereldhave NV</name>
        <lei>724500YRQCY3BD9RJZ92</lei>
        <title>Wereldhave NV EUR1</title>
        <cusip>N95060120</cusip>
        <identifiers>
          <isin value="NL0000289213"/>
          <ticker value="WRDEF"/>
        </identifiers>
        <balance>24776</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>361126.83</valUSD>
        <pctVal>0.0227574784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Befimmo Sa</name>
        <lei>529900UM10B3V374TA43</lei>
        <title>Befimmo Sa NPV</title>
        <cusip>B09186105</cusip>
        <identifiers>
          <isin value="BE0003678894"/>
          <ticker value="BEFB"/>
        </identifiers>
        <balance>16068</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>617427.55</valUSD>
        <pctVal>0.0389090285</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>Deutsche Euroshop AG</name>
        <lei>529900Y9QTEFHFEKQ736</lei>
        <title>Deutsche Euroshop AG NPV (REGD)</title>
        <cusip>D1854M102</cusip>
        <identifiers>
          <isin value="DE0007480204"/>
          <ticker value="DUSCF"/>
        </identifiers>
        <balance>35385</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>589785.04</valUSD>
        <pctVal>0.0371670537</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>Lamda Development</name>
        <lei>213800C7PQZVF38FYL54</lei>
        <title>Lamda Development EUR0.3</title>
        <cusip>X4740Y122</cusip>
        <identifiers>
          <isin value="GRS245213004"/>
          <ticker value="LAMDA"/>
        </identifiers>
        <balance>49258</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>387234.79</valUSD>
        <pctVal>0.0244027489</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PSP Swiss Property AG</name>
        <lei>50670042Y437P8X44F56</lei>
        <title>PSP Swiss Property AG CHF0.10 (REGD)</title>
        <cusip>H64687124</cusip>
        <identifiers>
          <isin value="CH0018294154"/>
          <ticker value="PSPSF"/>
        </identifiers>
        <balance>32203</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".9112"/>
        <valUSD>4008775.32</valUSD>
        <pctVal>0.2526248678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Agree Realty Corp</name>
        <lei>N/A</lei>
        <title>Agree Realty Corp COM USD0.0001</title>
        <cusip>008492100</cusip>
        <identifiers>
          <isin value="US0084921008"/>
          <ticker value="ADC"/>
        </identifiers>
        <balance>47925</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3419928</valUSD>
        <pctVal>0.2155169073</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>Diamondrock Hospitality Company</name>
        <lei>529900KKD4BPVBUAQ734</lei>
        <title>Diamondrock Hospitality Company COM USD0.01</title>
        <cusip>252784301</cusip>
        <identifiers>
          <isin value="US2527843013"/>
          <ticker value="DRH"/>
        </identifiers>
        <balance>147678</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1419185.58</valUSD>
        <pctVal>0.0894341890</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>Icade SA</name>
        <lei>969500UDH342QLTE1M42</lei>
        <title>Icade SA NPV</title>
        <cusip>F4931M119</cusip>
        <identifiers>
          <isin value="FR0000035081"/>
          <ticker value="CDMGF"/>
        </identifiers>
        <balance>21637</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8783487"/>
        <valUSD>1553548.65</valUSD>
        <pctVal>0.0979014764</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>
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      </invstOrSec>
      <invstOrSec>
        <name>One Liberty Properties Incorporation</name>
        <lei>549300QII1CQZGZBZR14</lei>
        <title>One Liberty Properties Incorporation COM STK USD1</title>
        <cusip>682406103</cusip>
        <identifiers>
          <isin value="US6824061039"/>
          <ticker value="OLP"/>
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        <balance>11349</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>400392.72</valUSD>
        <pctVal>0.0252319349</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Regency Centers</name>
        <lei>529900053A7X7FJ97S58</lei>
        <title>Regency Centers COM USD0.01</title>
        <cusip>758849103</cusip>
        <identifiers>
          <isin value="US7588491032"/>
          <ticker value="REG"/>
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        <balance>106634</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8034871.9</valUSD>
        <pctVal>0.5063412862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hufvudstaden AB</name>
        <lei>213800UEV5ZAFFVQ4J85</lei>
        <title>Hufvudstaden AB SER'A'NPV</title>
        <cusip>W30061126</cusip>
        <identifiers>
          <isin value="SE0000170375"/>
          <ticker value="HUFAF"/>
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        <balance>76957</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.0362"/>
        <valUSD>1151437.29</valUSD>
        <pctVal>0.0725612363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Medical Prop Tst</name>
        <lei>254900U6E39J1MQCCY14</lei>
        <title>Medical Prop Tst COM USD0.001</title>
        <cusip>58463J304</cusip>
        <identifiers>
          <isin value="US58463J3041"/>
          <ticker value="MPW"/>
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        <balance>415540</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9819210.2</valUSD>
        <pctVal>0.6187866570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gladstone Commercial Corporation</name>
        <lei>529900EVVV534W8R0T32</lei>
        <title>Gladstone Commercial Corporation COM USD0.001</title>
        <cusip>376536108</cusip>
        <identifiers>
          <isin value="US3765361080"/>
          <ticker value="GOOD"/>
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        <balance>24823</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>639688.71</valUSD>
        <pctVal>0.0403118815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Monmouth Real Estate Investment Corporation</name>
        <lei>549300DFIUDCN3KVN260</lei>
        <title>Monmouth Real Estate Investment Corporation COM CL'A' USD0.01</title>
        <cusip>609720107</cusip>
        <identifiers>
          <isin value="US6097201072"/>
          <ticker value="MNR"/>
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        <balance>65505</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1376260.05</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Franklin Street Pr</name>
        <lei>549300STLK2T6QY5WO82</lei>
        <title>Franklin Street Pr COM USD0.0001</title>
        <cusip>35471R106</cusip>
        <identifiers>
          <isin value="US35471R1068"/>
          <ticker value="FSP"/>
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        <balance>71348</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>424520.6</valUSD>
        <pctVal>0.0267524248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Amot Investments Limited</name>
        <lei>N/A</lei>
        <title>Amot Investments Limited ILS1</title>
        <cusip>M1035R103</cusip>
        <identifiers>
          <isin value="IL0010972789"/>
          <ticker value="AMTTF"/>
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        <balance>145546</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.10895"/>
        <valUSD>1182987.88</valUSD>
        <pctVal>0.0745494903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Powerlong Real Estate Holdings Ltd</name>
        <lei>549300R3K12EPXCGDP22</lei>
        <title>Powerlong Real Estate Holdings Ltd HKD0.01</title>
        <cusip>G72005104</cusip>
        <identifiers>
          <isin value="KYG720051047"/>
          <ticker value="PWLNF"/>
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        <balance>1019000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79755"/>
        <valUSD>533602.47</valUSD>
        <pctVal>0.0336265424</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Azrieli Group</name>
        <lei>N/A</lei>
        <title>Azrieli Group ILS0.10</title>
        <cusip>M1571Q105</cusip>
        <identifiers>
          <isin value="IL0011194789"/>
          <ticker value="AZRGF"/>
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        <balance>29566</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.10895"/>
        <valUSD>2818942.89</valUSD>
        <pctVal>0.1776440479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Prologis Inc.</name>
        <lei>529900DFH19P073LZ636</lei>
        <title>Prologis Inc. COM USD0.01</title>
        <cusip>74340W103</cusip>
        <identifiers>
          <isin value="US74340W1036"/>
          <ticker value="PLD"/>
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        <balance>515957</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>86866520.52</valUSD>
        <pctVal>5.4741514583</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>
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      <invstOrSec>
        <name>CubeSmart L.P.</name>
        <lei>549300MPHKO3I3FJRA97</lei>
        <title>CubeSmart L.P. COM USD0.01</title>
        <cusip>229663109</cusip>
        <identifiers>
          <isin value="US2296631094"/>
          <ticker value="CUBE"/>
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        <balance>140801</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8012984.91</valUSD>
        <pctVal>0.5049620126</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Central Pattana Public Company Limited</name>
        <lei>N/A</lei>
        <title>Central Pattana Public Company Limited THB0.5(ALIEN MKT)</title>
        <cusip>Y1242U276</cusip>
        <identifiers>
          <isin value="TH0481B10Z18"/>
          <ticker value="CPN-F"/>
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        <balance>581626</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.405"/>
        <valUSD>983741.03</valUSD>
        <pctVal>0.0619933590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CURRENCY CONTRACT - AUD</name>
        <lei>N/A</lei>
        <title>CURRENCY CONTRACT - AUD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="CCTAUD__07301426_1728801"/>
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        <balance>-859726.8</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>13503.65</valUSD>
        <pctVal>0.0008509726</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BNP PARIS</counterpartyName>
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            <amtCurSold>-859726.8</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>1200000</amtCurPur>
            <curPur>AUD</curPur>
            <settlementDt>2022-03-16</settlementDt>
            <unrealizedAppr>13503.65</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CURRENCY CONTRACT - CAD</name>
        <lei>N/A</lei>
        <title>CURRENCY CONTRACT - CAD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="CCTCAD__07301417_1728801"/>
        </identifiers>
        <balance>-94596.6</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>347.12</valUSD>
        <pctVal>0.0000218748</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>TORONTO-DOMINION BANK</counterpartyName>
              <counterpartyLei>PT3QB789TSUIDF371261</counterpartyLei>
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            <amtCurSold>-94596.6</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>120118.57</amtCurPur>
            <curPur>CAD</curPur>
            <settlementDt>2022-03-16</settlementDt>
            <unrealizedAppr>347.12</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CURRENCY CONTRACT - CHF</name>
        <lei>N/A</lei>
        <title>CURRENCY CONTRACT - CHF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="CCTCHF__07301419_1728801"/>
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        <balance>-293189.44</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3704.61</valUSD>
        <pctVal>0.0002334570</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>CHASE MANHATTAN BANK NEW YORK</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>-293189.44</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>270000</amtCurPur>
            <curPur>CHF</curPur>
            <settlementDt>2022-03-16</settlementDt>
            <unrealizedAppr>3704.61</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CURRENCY CONTRACT - EUR</name>
        <lei>N/A</lei>
        <title>CURRENCY CONTRACT - EUR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="CCTEUR__07301425_1728801"/>
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        <balance>-768462.7</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>6919.22</valUSD>
        <pctVal>0.0004360352</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BANK OF MONTREAL TORONTO</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>-768462.7</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>680000</amtCurPur>
            <curPur>EUR</curPur>
            <settlementDt>2022-03-16</settlementDt>
            <unrealizedAppr>6919.22</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CURRENCY CONTRACT - HKD</name>
        <lei>N/A</lei>
        <title>CURRENCY CONTRACT - HKD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="CCTHKD__07301423_1728801"/>
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        <balance>-1538738.51</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>411.71</valUSD>
        <pctVal>0.0000259451</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>CHASE MANHATTAN BANK NEW YORK</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>-1538738.51</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>12000000</amtCurPur>
            <curPur>HKD</curPur>
            <settlementDt>2022-03-16</settlementDt>
            <unrealizedAppr>411.71</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CURRENCY CONTRACT - JPY</name>
        <lei>N/A</lei>
        <title>CURRENCY CONTRACT - JPY</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="CCTJPY__07301407_1728801"/>
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        <balance>-151509.75</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2145.35</valUSD>
        <pctVal>-0.0001351956</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>TORONTO-DOMINION BANK</counterpartyName>
              <counterpartyLei>PT3QB789TSUIDF371261</counterpartyLei>
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            <amtCurSold>-151509.75</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>17170345</amtCurPur>
            <curPur>JPY</curPur>
            <settlementDt>2022-03-16</settlementDt>
            <unrealizedAppr>-2145.35</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>CURRENCY CONTRACT - USD</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CURRENCY CONTRACT - USD</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CURRENCY CONTRACT - USD</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CURRENCY CONTRACT - USD</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CURRENCY CONTRACT - USD</name>
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        <currencyConditional curCd="NOK" exchangeRt="0"/>
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        <derivativeInfo>
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      <invstOrSec>
        <name>ICE Futures US Indices</name>
        <lei>5493004R83R1LVX2IL36</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>Montreal Exchange</name>
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      <invstOrSec>
        <name>ICE Futures US Indices</name>
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      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2022-01-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Northern Funds</ncom:nameOfApplicant>
      <ncom:signature>Randal E. Rein </ncom:signature>
      <ncom:signerName>Randal E. Rein </ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
