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      </invstOrSec>
      <invstOrSec>
        <name>AGREE REALTY CORP</name>
        <lei>N/A</lei>
        <title>AGREE REALTY CORP 0.00000000</title>
        <cusip>008492100</cusip>
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          <isin value="US0084921008"/>
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        <balance>8271.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>RE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LIFE STORAGE INC</name>
        <lei>N/A</lei>
        <title>LIFE STORAGE INC 0.00000000</title>
        <cusip>53223X107</cusip>
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          <isin value="US53223X1072"/>
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        <balance>3932.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>371770.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EASTGROUP PROPERTIES INC</name>
        <lei>31TIGQQZC4P6JMHKSW85</lei>
        <title>EASTGROUP PROPERTIES INC 0.00000000</title>
        <cusip>277276101</cusip>
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          <isin value="US2772761019"/>
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        <balance>4389.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IRON MOUNTAIN INC</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>IRON MOUNTAIN INC 0.00000000</title>
        <cusip>46284V101</cusip>
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          <isin value="US46284V1017"/>
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        <balance>8717.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HOST HOTELS &amp; RESORTS INC</name>
        <lei>N/A</lei>
        <title>HOST HOTELS &amp; RESORTS INC 0.00000000</title>
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          <isin value="US44107P1049"/>
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        <balance>19659.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DIAMONDROCK HOSPITALITY CO</name>
        <lei>N/A</lei>
        <title>DIAMONDROCK HOSPITALITY CO 0.00000000</title>
        <cusip>252784301</cusip>
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          <isin value="US2527843013"/>
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        <balance>21989.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NATIONAL STORAGE AFFILIATES</name>
        <lei>N/A</lei>
        <title>NATIONAL STORAGE AFFILIATES 0.00000000</title>
        <cusip>637870106</cusip>
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          <isin value="US6378701063"/>
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        <balance>12277.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>URSTADT BIDDLE - CLASS A</name>
        <lei>549300XXD0YL0AER3Z82</lei>
        <title>URSTADT BIDDLE - CLASS A 0.00000000</title>
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          <isin value="US9172862057"/>
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        <balance>5534.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HEALTHPEAK PROPERTIES INC</name>
        <lei>N/A</lei>
        <title>HEALTHPEAK PROPERTIES INC 0.00000000</title>
        <cusip>42250P103</cusip>
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          <isin value="US42250P1030"/>
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        <balance>24162.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>576263.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EPR PROPERTIES</name>
        <lei>N/A</lei>
        <title>EPR PROPERTIES 0.00000000</title>
        <cusip>26884U109</cusip>
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          <isin value="US26884U1097"/>
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        <balance>4573.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>110758.06000000</valUSD>
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        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UDR INC</name>
        <lei>N/A</lei>
        <title>UDR INC 0.00000000</title>
        <cusip>902653104</cusip>
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          <isin value="US9026531049"/>
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        <balance>8540.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>312051.60000000</valUSD>
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        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PIEDMONT OFFICE REALTY TRU-A</name>
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        <title>PIEDMONT OFFICE REALTY TRU-A 0.00000000</title>
        <cusip>720190206</cusip>
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          <isin value="US7201902068"/>
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        <curCd>USD</curCd>
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        <assetCat>RE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DIGITAL REALTY TRUST INC</name>
        <lei>549300HKCZ31D08NEI41</lei>
        <title>DIGITAL REALTY TRUST INC 0.00000000</title>
        <cusip>253868103</cusip>
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          <isin value="US2538681030"/>
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        <balance>7308.00000000</balance>
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        <assetCat>RE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>GAMING AND LEISURE PROPERTIE</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GLOBAL MEDICAL REIT INC</name>
        <lei>549300HFRIPQDYU3GU60</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>AMERICAN TOWER CORP</name>
        <lei>N/A</lei>
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        <cusip>03027X100</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>REXFORD INDUSTRIAL REALTY IN</name>
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        <cusip>76169C100</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>AVALONBAY COMMUNITIES INC</name>
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        <name>UNIVERSAL HEALTH RLTY INCOME</name>
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        <name>EQUITY LIFESTYLE PROPERTIES</name>
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        <name>TERRENO REALTY CORP</name>
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        <name>QTS REALTY TRUST INC-CL A</name>
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        <title>QTS REALTY TRUST INC-CL A 0.00000000</title>
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        <name>PHYSICIANS REALTY TRUST</name>
        <lei>549300ITOVH0OY7PZC34</lei>
        <title>PHYSICIANS REALTY TRUST 0.00000000</title>
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        <assetCat>RE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MEDICAL PROPERTIES TRUST INC</name>
        <lei>N/A</lei>
        <title>MEDICAL PROPERTIES TRUST INC 0.00000000</title>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OFFICE PROPERTIES INCOME TRU</name>
        <lei>N/A</lei>
        <title>OFFICE PROPERTIES INCOME TRU 0.00000000</title>
        <cusip>67623C109</cusip>
        <identifiers>
          <isin value="US67623C1099"/>
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        <balance>8754.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>238546.50000000</valUSD>
        <pctVal>1.199661770378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</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>CHATHAM LODGING TRUST</name>
        <lei>N/A</lei>
        <title>CHATHAM LODGING TRUST 0.00000000</title>
        <cusip>16208T102</cusip>
        <identifiers>
          <isin value="US16208T1025"/>
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        <balance>6090.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36174.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</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>CAMDEN PROPERTY TRUST</name>
        <lei>N/A</lei>
        <title>CAMDEN PROPERTY TRUST 0.00000000</title>
        <cusip>133131102</cusip>
        <identifiers>
          <isin value="US1331311027"/>
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        <balance>3418.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>270842.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</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>SAFEHOLD INC</name>
        <lei>N/A</lei>
        <title>SAFEHOLD INC 0.00000000</title>
        <cusip>78645L100</cusip>
        <identifiers>
          <isin value="US78645L1008"/>
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        <balance>4438.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>280614.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</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>ALEXANDRIA REAL ESTATE EQUIT</name>
        <lei>N/A</lei>
        <title>ALEXANDRIA REAL ESTATE EQUIT 0.00000000</title>
        <cusip>015271109</cusip>
        <identifiers>
          <isin value="US0152711091"/>
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        <balance>4393.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>602104.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</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>COUSINS PROPERTIES INC</name>
        <lei>N/A</lei>
        <title>COUSINS PROPERTIES INC 0.00000000</title>
        <cusip>222795502</cusip>
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          <isin value="US2227955026"/>
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        <balance>8100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>237087.00000000</valUSD>
        <pctVal>1.192321874996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</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>EQUINIX INC</name>
        <lei>N/A</lei>
        <title>EQUINIX INC 0.00000000</title>
        <cusip>29444U700</cusip>
        <identifiers>
          <isin value="US29444U7000"/>
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        <balance>2530.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1580162.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</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>SWITCH INC - A</name>
        <lei>549300EZ98N5Y55J4X37</lei>
        <title>SWITCH INC - A 0.00000000</title>
        <cusip>87105L104</cusip>
        <identifiers>
          <isin value="US87105L1044"/>
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        <balance>7955.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>114790.65000000</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>AMERICOLD REALTY TRUST</name>
        <lei>549300R7N1V5YV8MWH02</lei>
        <title>AMERICOLD REALTY TRUST 0.00000000</title>
        <cusip>03064D108</cusip>
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        <balance>9043.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>307823.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</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>PARK HOTELS &amp; RESORTS INC</name>
        <lei>N/A</lei>
        <title>PARK HOTELS &amp; RESORTS INC 0.00000000</title>
        <cusip>700517105</cusip>
        <identifiers>
          <isin value="US7005171050"/>
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        <balance>14345.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>113468.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</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>SBA COMMUNICATIONS CORP</name>
        <lei>N/A</lei>
        <title>SBA COMMUNICATIONS CORP 0.00000000</title>
        <cusip>78410G104</cusip>
        <identifiers>
          <isin value="US78410G1040"/>
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        <balance>1425.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>384707.25000000</valUSD>
        <pctVal>1.934711180472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</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>DIVERSIFIED HEALTHCARE TRUST</name>
        <lei>N/A</lei>
        <title>DIVERSIFIED HEALTHCARE TRUST 0.00000000</title>
        <cusip>25525P107</cusip>
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        <balance>16247.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58976.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</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>INNOVATIVE INDUSTRIAL PROPER</name>
        <lei>5493008BQ0545EZXRR30</lei>
        <title>INNOVATIVE INDUSTRIAL PROPER 0.00000000</title>
        <cusip>45781V101</cusip>
        <identifiers>
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        <balance>1238.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94001.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMERICAN HOMES 4 RENT- A</name>
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        <balance>13460.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>RE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DUKE REALTY CORP</name>
        <lei>N/A</lei>
        <title>DUKE REALTY CORP 0.00000000</title>
        <cusip>264411505</cusip>
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        <balance>6378.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>206519.64000000</valUSD>
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        <assetCat>RE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PROLOGIS INC</name>
        <lei>N/A</lei>
        <title>PROLOGIS INC 0.00000000</title>
        <cusip>74340W103</cusip>
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        <balance>18445.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1482424.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HEALTHCARE TRUST OF AME-CL A</name>
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        <balance>12343.00000000</balance>
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        <valUSD>299688.04000000</valUSD>
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        <assetCat>RE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SERVICE PROPERTIES TRUST</name>
        <lei>N/A</lei>
        <title>SERVICE PROPERTIES TRUST 0.00000000</title>
        <cusip>81761L102</cusip>
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          <isin value="US81761L1026"/>
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        <balance>11117.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60031.80000000</valUSD>
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        <assetCat>RE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>REALTY INCOME CORP</name>
        <lei>549300CUWDAUZSH43859</lei>
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        <balance>10744.00000000</balance>
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        <assetCat>RE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>EQUITY COMMONWEALTH</name>
        <lei>549300YPGVU9PR4L0606</lei>
        <title>EQUITY COMMONWEALTH 0.00000000</title>
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        <balance>4639.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EXTRA SPACE STORAGE INC</name>
        <lei>N/A</lei>
        <title>EXTRA SPACE STORAGE INC 0.00000000</title>
        <cusip>30225T102</cusip>
        <identifiers>
          <isin value="US30225T1025"/>
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        <balance>5882.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>563260.32000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>VENTAS INC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SUN COMMUNITIES INC</name>
        <lei>549300H5GEOJYN41ZG57</lei>
        <title>SUN COMMUNITIES INC 0.00000000</title>
        <cusip>866674104</cusip>
        <identifiers>
          <isin value="US8666741041"/>
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        <balance>6280.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>784058.00000000</valUSD>
        <pctVal>3.943065223592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Pioneer Variable Contracts Trust /MA/</ncom:nameOfApplicant>
      <ncom:signature>Mark E. Bradley </ncom:signature>
      <ncom:signerName>Mark E. Bradley </ncom:signerName>
      <ncom:title>Treasurer and Chief Accounting and Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
