CENTERSQUARE INVESTMENT MANAGEMENT LLC Activity Q1 2018-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
PLD	Sell	Prologis Trust	$743,026,681	-9.4%	6,621,751	-1.0%	9.36%	-2.9%
EQIX	Buy	Equinix Inc	$571,186,786	+14.9%	786,477	+24.0%	7.19%	+23.3%
DLR	Sell	Digital Realty Trust Inc	$381,656,539	-24.6%	3,153,665	-29.1%	4.81%	-19.1%
WELL	Sell	Welltower Inc	$367,306,751	-2.3%	4,483,725	-3.5%	4.63%	+4.9%
EXR	Buy	Extra Space Storage Inc	$354,982,475	+87.6%	2,919,744	+129.6%	4.47%	+101.2%
EQR	Sell	Equity Residential Properties	$306,327,351	-20.9%	5,217,635	-11.1%	3.86%	-15.2%
O	Sell	Realty Income Corp	$302,228,190	-17.5%	6,051,826	-1.3%	3.81%	-11.6%
VTR	Buy	Ventas Inc	$279,772,565	-3.0%	6,640,697	+8.9%	3.52%	+4.1%
PSA	Sell	Public Storage Inc	$276,191,622	-33.7%	1,048,086	-26.6%	3.48%	-28.9%
SUI	Buy	Sun Communities Inc	$256,614,255	+6.8%	2,168,449	+17.7%	3.23%	+14.6%
AVB	Sell	Avalon Bay Communities	$255,031,839	-22.6%	1,484,988	-14.7%	3.21%	-17.0%
INVH	Sell	Invitation Homes Inc	$241,777,587	-35.0%	7,629,460	-29.5%	3.04%	-30.3%
ADC	Buy	Agree Realty Corp	$222,492,468	+4.1%	4,027,742	+23.2%	2.80%	+11.6%
SPG	Buy	Simon Property Group Inc	$219,310,947	-6.1%	2,030,093	+0.3%	2.76%	+0.7%
UDR	Buy	UDR Inc	$213,018,850	+18.8%	5,971,933	+43.0%	2.68%	+27.4%
REXR	Buy	Rexford Industrial Realty	$184,115,178	-5.3%	3,730,804	+0.2%	2.32%	+1.5%
VICI	Sell	VICI Properties Inc	$176,098,155	-8.8%	6,051,483	-1.5%	2.22%	-2.2%
FR	Buy	First Industrial Realty Trust	$175,218,052	-8.3%	3,681,825	+1.4%	2.21%	-1.6%
PEAK	Buy	Healthpeak Properties Inc	$170,795,423	-7.1%	9,302,583	+1.7%	2.15%	-0.4%
KIM	Buy	Kimco Realty Corp	$166,355,489	+56.0%	9,457,390	+74.8%	2.10%	+67.3%
ARE	Buy	Alexandria Real Estate Equitie	$160,144,785	-3.7%	1,599,848	+9.2%	2.02%	+3.3%
BRX	Buy	Brixmor Property Group Inc	$154,846,887	-5.2%	7,451,727	+0.4%	1.95%	+1.7%
AMH	Buy	American Homes 4 Rent	$151,791,205	+266.3%	4,505,527	+285.4%	1.91%	+292.6%
AMT	Buy	American Tower Corp	$142,219,814	+70.9%	864,821	+101.5%	1.79%	+83.3%
HST	Buy	Host Hotels & Resorts Inc	$135,585,370	+25.3%	8,437,173	+31.2%	1.71%	+34.4%
BXP	Buy	Boston Properties	$90,276,186	+35.6%	1,517,757	+31.2%	1.14%	+45.4%
CUZ	Buy	Cousins Properties Inc	$87,508,156	+14.6%	4,295,933	+28.3%	1.10%	+23.0%
OHI	Buy	Omega Healthcare Investors Inc	$87,020,394	+10.5%	2,624,258	+2.3%	1.10%	+18.5%
BNL	Buy	Broadstone Net Lease Inc	$85,863,478	-6.9%	6,004,439	+0.5%	1.08%	-0.2%
ROIC	Buy	Retail Opportunity Investments	$82,231,761	+2.7%	6,642,307	+12.1%	1.04%	+10.2%
SBAC	Sell	SBA Communications Corp	$80,406,687	-39.7%	401,692	-30.2%	1.01%	-35.3%
KRC	Sell	Kilroy Realty Corporation	$79,678,505	-14.7%	2,520,674	-18.8%	1.00%	-8.6%
	Buy	Tricon Residential Inc	$76,342,551	+22.7%	10,316,561	+46.1%	0.96%	+31.6%
DEI	Buy	Douglas Emmett Inc	$70,716,814	+3.2%	5,542,070	+1.7%	0.89%	+10.7%
CTRE	Buy	CareTrust REIT Inc	$68,136,281	+1661.0%	3,323,721	+1606.0%	0.86%	+1806.7%
XHR	Sell	Xenia Hotels & Resorts Inc	$64,628,389	-8.8%	5,486,281	-4.7%	0.81%	-2.2%
MPW	Sell	Medical Properties Trust Inc	$59,812,050	-41.6%	10,974,688	-0.7%	0.75%	-37.4%
MAA	Buy	Mid-America Apartment Communit	$56,725,774	-12.1%	440,931	+3.7%	0.71%	-5.8%
RPT	Sell	RPT Realty	$55,585,337	+0.4%	5,263,763	-0.7%	0.70%	+7.7%
COLD	Buy	Americold Realty Trust Inc	$38,353,487	-4.1%	1,261,213	+1.8%	0.48%	+2.8%
UE	Sell	Urban Edge Properties	$34,262,241	-16.2%	2,245,232	-15.2%	0.43%	-10.2%
DRH	Sell	DiamondRock Hospitality Co	$30,841,745	-42.5%	3,840,815	-42.7%	0.39%	-38.4%
WRE	Buy	Elme Communities	$20,688,087	+259.6%	1,516,722	+333.4%	0.26%	+283.8%
WY	Sell	Weyerhaeuser Co	$14,341,215	-8.7%	467,750	-0.2%	0.18%	-1.6%
AKR	Sell	Acadia Realty Trust	$14,101,803	-73.0%	982,704	-72.9%	0.18%	-71.0%
HIW	Sell	Highwoods Properties Inc	$12,310,580	-41.5%	597,311	-32.1%	0.16%	-37.2%
IRT	New	Independence Realty Trust Inc	$11,730,412	–	833,718	–	0.15%	–
NNN	Buy	NNN REIT	$9,289,543	+110.1%	262,862	+154.4%	0.12%	+125.0%
ESS	Sell	Essex Property Trust Inc	$8,062,601	-37.4%	38,015	-30.9%	0.10%	-32.5%
CCI	Sell	Crown Castle Intl Corp	$8,137,293	-72.8%	88,420	-66.4%	0.10%	-71.0%
	Buy	Corp Inmobiliaria Vesta SAB	$7,809,913	+21.2%	237,600	+18.8%	0.10%	+28.9%
OUT	Buy	Outfront Media Inc	$7,399,867	-11.0%	732,660	+38.6%	0.09%	-5.1%
WPC	Sell	WP Carey Inc	$6,986,541	-66.8%	129,189	-58.5%	0.09%	-64.4%
REG	Sell	Regency Centers Corp	$6,684,325	-84.1%	112,455	-83.5%	0.08%	-83.0%
ELS	Sell	Equity Lifestyle Properties	$6,379,282	-4.8%	100,130	-0.1%	0.08%	+1.3%
CPT	Sell	Camden Property Trust	$5,052,464	-91.6%	53,420	-90.3%	0.06%	-90.9%
CUBE	Sell	Cubesmart	$4,654,033	-18.8%	122,057	-4.9%	0.06%	-11.9%
EGP	Sell	EastGroup Properties Inc	$3,848,675	-25.5%	23,111	-22.3%	0.05%	-21.3%
	Buy	Federal Realty Investment Trus	$3,631,453	-5.1%	40,069	+1.3%	0.05%	+2.2%
STAG	Sell	STAG Industrial	$3,303,642	-82.7%	95,730	-82.0%	0.04%	-81.2%
	Buy	Healthcare Realty Trust Inc	$3,139,955	-19.0%	205,629	+0.0%	0.04%	-13.0%
SRC	Sell	Spirit Realty Capital	$2,590,394	-15.0%	77,256	-0.2%	0.03%	-8.3%
KRG	Sell	Kite Realty Group Trust	$2,542,383	-4.4%	118,692	-0.3%	0.03%	+3.2%
OFC	Sell	COPT Defense Properties	$2,418,745	-1.4%	101,500	-1.8%	0.03%	+3.4%
LAMR	Sell	Lamar Advertising Company	$2,099,020	-27.9%	25,147	-14.2%	0.03%	-23.5%
AIRC	Buy	Apartment Income REIT Corp	$1,893,852	-14.9%	61,689	+0.1%	0.02%	-7.7%
TRNO	Sell	Terreno Realty Corp	$1,738,875	-13.0%	30,614	-8.0%	0.02%	-4.3%
DOC	Buy	Physicians Realty Trust	$1,177,615	-12.9%	96,605	+0.0%	0.02%	-6.2%
IRM	Buy	Iron Mountain Inc	$1,137,576	+7.4%	19,135	+2.7%	0.01%	+16.7%
ESRT	Sell	Empire State Realty Trust	$650,524	+7.2%	80,911	-0.2%	0.01%	+14.3%
	Sell	IHS Holding Ltd	$666,000	-57.4%	120,000	-25.0%	0.01%	-55.6%
JBGS	Buy	JBG Smith Properties	$389,466	-3.5%	26,934	+0.3%	0.01%	0.0%
FCPT	Buy	Four Corners Property Trust	$295,837	+7.1%	13,332	+22.6%	0.00%	+33.3%
PDM	Buy	Piedmont Office Realty Trust I	$259,138	-22.5%	46,110	+0.2%	0.00%	-25.0%
BFS	New	Saul Centers Inc	$264,525	–	7,500	–	0.00%	–
EPRT	Buy	Essential Properties Realty	$271,283	-1.8%	12,542	+6.9%	0.00%	0.0%
APLE	Exit	Apple Hospitality REIT Inc	$0	–	-15,259	–	-0.00%	–
NSA	Exit	National Storage Affiliates Tr	$0	–	-65,228	–	-0.03%	–
SBRA	Exit	Sabra Health Care REIT Inc	$0	–	-2,739,622	–	-0.38%	–
LSI	Exit	Life Storage Inc	$0	–	-731,808	–	-1.14%	–

Q2 2023

			Value		Shares		↓ Weighting
PLD	New	Prologis Trust	$820,424,621	–	6,690,244	–	9.63%	–
DLR	New	Digital Realty Trust Inc	$506,317,376	–	4,446,451	–	5.94%	–
EQIX	New	Equinix Inc	$497,119,088	–	634,129	–	5.84%	–
PSA	New	Public Storage Inc	$416,800,846	–	1,427,987	–	4.89%	–
EQR	New	Equity Residential Properties	$387,305,120	–	5,870,928	–	4.55%	–
WELL	New	Welltower Inc	$375,808,146	–	4,645,916	–	4.41%	–
INVH	New	Invitation Homes Inc	$372,105,866	–	10,817,031	–	4.37%	–
O	New	Realty Income Corp	$366,495,958	–	6,129,720	–	4.30%	–
AVB	New	Avalon Bay Communities	$329,507,903	–	1,740,941	–	3.87%	–
VTR	New	Ventas Inc	$288,304,693	–	6,099,105	–	3.38%	–
SUI	New	Sun Communities Inc	$240,296,883	–	1,841,920	–	2.82%	–
SPG	New	Simon Property Group Inc	$233,650,915	–	2,023,302	–	2.74%	–
ADC	New	Agree Realty Corp	$213,828,243	–	3,270,045	–	2.51%	–
REXR	New	Rexford Industrial Realty	$194,504,253	–	3,724,708	–	2.28%	–
VICI	New	VICI Properties Inc	$193,134,616	–	6,144,913	–	2.27%	–
FR	New	First Industrial Realty Trust	$191,048,089	–	3,629,333	–	2.24%	–
EXR	New	Extra Space Storage Inc	$189,248,039	–	1,271,401	–	2.22%	–
PEAK	New	Healthpeak Properties Inc	$183,901,433	–	9,149,325	–	2.16%	–
UDR	New	UDR Inc	$179,366,635	–	4,175,201	–	2.11%	–
ARE	New	Alexandria Real Estate Equitie	$166,307,679	–	1,465,395	–	1.95%	–
BRX	New	Brixmor Property Group Inc	$163,365,532	–	7,425,706	–	1.92%	–
SBAC	New	SBA Communications Corp	$133,328,978	–	575,289	–	1.56%	–
HST	New	Host Hotels & Resorts Inc	$108,191,992	–	6,428,520	–	1.27%	–
KIM	New	Kimco Realty Corp	$106,665,737	–	5,409,013	–	1.25%	–
MPW	New	Medical Properties Trust Inc	$102,385,190	–	11,056,716	–	1.20%	–
LSI	New	Life Storage Inc	$97,301,192	–	731,808	–	1.14%	–
KRC	New	Kilroy Realty Corporation	$93,420,935	–	3,104,717	–	1.10%	–
BNL	New	Broadstone Net Lease Inc	$92,259,080	–	5,975,329	–	1.08%	–
AMT	New	American Tower Corp	$83,232,454	–	429,166	–	0.98%	–
ROIC	New	Retail Opportunity Investments	$80,082,578	–	5,927,652	–	0.94%	–
OHI	New	Omega Healthcare Investors Inc	$78,763,491	–	2,566,422	–	0.92%	–
CUZ	New	Cousins Properties Inc	$76,329,384	–	3,347,780	–	0.90%	–
XHR	New	Xenia Hotels & Resorts Inc	$70,832,689	–	5,754,077	–	0.83%	–
DEI	New	Douglas Emmett Inc	$68,528,422	–	5,451,744	–	0.80%	–
BXP	New	Boston Properties	$66,598,516	–	1,156,425	–	0.78%	–
MAA	New	Mid-America Apartment Communit	$64,539,741	–	424,995	–	0.76%	–
	New	Tricon Residential Inc	$62,193,825	–	7,059,458	–	0.73%	–
CPT	New	Camden Property Trust	$59,879,698	–	550,011	–	0.70%	–
RPT	New	RPT Realty	$55,389,557	–	5,300,436	–	0.65%	–
DRH	New	DiamondRock Hospitality Co	$53,664,637	–	6,699,705	–	0.63%	–
AKR	New	Acadia Realty Trust	$52,231,584	–	3,629,714	–	0.61%	–
REG	New	Regency Centers Corp	$42,085,136	–	681,320	–	0.49%	–
AMH	New	American Homes 4 Rent	$41,443,355	–	1,169,065	–	0.49%	–
UE	New	Urban Edge Properties	$40,870,953	–	2,648,798	–	0.48%	–
COLD	New	Americold Realty Trust Inc	$40,007,361	–	1,238,618	–	0.47%	–
SBRA	New	Sabra Health Care REIT Inc	$32,245,351	–	2,739,622	–	0.38%	–
CCI	New	Crown Castle Intl Corp	$29,967,929	–	263,015	–	0.35%	–
WPC	New	WP Carey Inc	$21,031,023	–	311,294	–	0.25%	–
HIW	New	Highwoods Properties Inc	$21,046,179	–	880,225	–	0.25%	–
STAG	New	STAG Industrial	$19,070,363	–	531,504	–	0.22%	–
WY	New	Weyerhaeuser Co	$15,707,477	–	468,740	–	0.18%	–
ESS	New	Essex Property Trust Inc	$12,888,140	–	55,007	–	0.15%	–
OUT	New	Outfront Media Inc	$8,310,520	–	528,659	–	0.10%	–
ELS	New	Equity Lifestyle Properties	$6,701,375	–	100,185	–	0.08%	–
	New	Corp Inmobiliaria Vesta SAB	$6,444,000	–	200,000	–	0.08%	–
WRE	New	Elme Communities	$5,752,685	–	349,920	–	0.07%	–
CUBE	New	Cubesmart	$5,734,835	–	128,411	–	0.07%	–
EGP	New	EastGroup Properties Inc	$5,165,642	–	29,756	–	0.06%	–
NNN	New	National Retail Properties	$4,421,063	–	103,320	–	0.05%	–
	New	Healthcare Realty Trust Inc	$3,878,106	–	205,626	–	0.05%	–
CTRE	New	CareTrust REIT Inc	$3,869,284	–	194,828	–	0.04%	–
	New	Federal Realty Investment Trus	$3,826,576	–	39,543	–	0.04%	–
SRC	New	Spirit Realty Capital	$3,048,642	–	77,416	–	0.04%	–
LAMR	New	Lamar Advertising Company	$2,909,712	–	29,317	–	0.03%	–
KRG	New	Kite Realty Group Trust	$2,659,421	–	119,043	–	0.03%	–
OFC	New	Corporate Office Properties Tr	$2,454,135	–	103,332	–	0.03%	–
NSA	New	National Storage Affiliates Tr	$2,271,891	–	65,228	–	0.03%	–
AIRC	New	Apartment Income REIT Corp	$2,224,155	–	61,628	–	0.03%	–
	New	Phillips Edison & Company Inc	$2,112,960	–	62,000	–	0.02%	–
TRNO	New	Terreno Realty Corp	$1,999,227	–	33,265	–	0.02%	–
	New	IHS Holding Ltd	$1,564,800	–	160,000	–	0.02%	–
LXP	New	LXP Industrial Trust	$1,500,525	–	153,900	–	0.02%	–
DOC	New	Physicians Realty Trust	$1,351,476	–	96,603	–	0.02%	–
NEE	New	NEXTERA ENERGY INC	$1,372,700	–	18,500	–	0.02%	–
IRM	New	Iron Mountain Inc	$1,059,011	–	18,638	–	0.01%	–
	New	DigitalBridge Group Inc	$883,630	–	60,070	–	0.01%	–
AIV	New	Apartment Investment and Manag	$663,708	–	77,900	–	0.01%	–
ESRT	New	Empire State Realty Trust	$606,975	–	81,038	–	0.01%	–
BDN	New	Brandywine Realty Trust	$532,193	–	114,450	–	0.01%	–
NTST	New	NetSTREIT Corp	$477,129	–	26,700	–	0.01%	–
JBGS	New	JBG Smith Properties	$403,734	–	26,844	–	0.01%	–
UMH	New	UMH Properties Inc	$450,636	–	28,200	–	0.01%	–
AAT	New	American Assets Trust	$396,864	–	20,670	–	0.01%	–
PDM	New	Piedmont Office Realty Trust I	$334,420	–	46,000	–	0.00%	–
HPP	New	Hudson Pacific Properties	$278,436	–	65,980	–	0.00%	–
FCPT	New	Four Corners Property Trust	$276,123	–	10,871	–	0.00%	–
EPRT	New	Essential Properties Realty	$276,171	–	11,732	–	0.00%	–
APLE	New	Apple Hospitality REIT Inc	$230,563	–	15,259	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
	Exit	Cyxtera Technologies Inc	$0	–	-105,000	–	-0.01%	–
GDS	Exit	GDS Holdings Ltd - ADR	$0	–	-27,500	–	-0.01%	–
UMH	Exit	UMH Properties Inc	$0	–	-36,000	–	-0.01%	–
PDM	Exit	Piedmont Office Realty Trust I	$0	–	-58,600	–	-0.01%	–
ESRT	Exit	Empire State Realty Trust	$0	–	-102,320	–	-0.01%	–
AAT	Exit	American Assets Trust	$0	–	-26,370	–	-0.01%	–
	Exit	IHS Holding Ltd	$0	–	-160,000	–	-0.01%	–
	Exit	DigitalBridge Group Inc	$0	–	-67,500	–	-0.01%	–
ROIC	Exit	Retail Opportunity Investments	$0	–	-79,150	–	-0.01%	–
RADI	Exit	Radius Global Infrastructure I	$0	–	-134,000	–	-0.02%	–
BDN	Exit	Brandywine Realty Trust	$0	–	-205,915	–	-0.02%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-22,000	–	-0.02%	–
LXP	Exit	LXP Industrial Trust	$0	–	-197,000	–	-0.02%	–
TRNO	Exit	Terreno Realty Corp	$0	–	-35,250	–	-0.02%	–
HPP	Exit	Hudson Pacific Properties	$0	–	-170,315	–	-0.02%	–
	Exit	SL Green Realty Corp	$0	–	-56,900	–	-0.03%	–
DOC	Exit	Physicians Realty Trust	$0	–	-162,491	–	-0.03%	–
KRG	Exit	Kite Realty Group Trust	$0	–	-159,929	–	-0.03%	–
AIRC	Exit	Apartment Income REIT Corp	$0	–	-78,577	–	-0.04%	–
OFC	Exit	Corporate Office Properties Tr	$0	–	-149,300	–	-0.04%	–
STAG	Exit	STAG Industrial	$0	–	-125,557	–	-0.04%	–
EGP	Exit	EastGroup Properties Inc	$0	–	-28,499	–	-0.05%	–
NNN	Exit	National Retail Properties	$0	–	-112,855	–	-0.05%	–
	Exit	Tricon Residential Inc	$0	–	-548,000	–	-0.06%	–
	Exit	Federal Realty Investment Trus	$0	–	-56,645	–	-0.06%	–
	Exit	Healthcare Realty Trust Inc	$0	–	-274,030	–	-0.07%	–
DRH	Exit	DiamondRock Hospitality Co	$0	–	-773,392	–	-0.07%	–
CUBE	Exit	Cubesmart	$0	–	-158,818	–	-0.08%	–
CPT	Exit	Camden Property Trust	$0	–	-58,292	–	-0.08%	–
SHO	Exit	Sunstone Hotel Investors Inc	$0	–	-926,087	–	-0.10%	–
AIV	Exit	Apartment Investment and Manag	$0	–	-1,263,628	–	-0.11%	–
KIM	Exit	Kimco Realty Corp	$0	–	-513,198	–	-0.11%	–
	Exit	Franklin BSP Realty Trust Inc	$0	–	-895,275	–	-0.11%	–
ELS	Exit	Equity Lifestyle Properties	$0	–	-218,946	–	-0.16%	–
WY	Exit	Weyerhaeuser Co	$0	–	-490,550	–	-0.16%	–
BXP	Exit	Boston Properties	$0	–	-227,173	–	-0.20%	–
DEI	Exit	Douglas Emmett Inc	$0	–	-1,523,742	–	-0.32%	–
HST	Exit	Host Hotels & Resorts Inc	$0	–	-1,955,746	–	-0.36%	–
GLPI	Exit	Gaming and Leisure Properties	$0	–	-713,835	–	-0.37%	–
APLE	Exit	Apple Hospitality REIT Inc	$0	–	-2,331,135	–	-0.38%	–
OHI	Exit	Omega Healthcare Investors Inc	$0	–	-1,183,691	–	-0.41%	–
UE	Exit	Urban Edge Properties	$0	–	-2,695,272	–	-0.42%	–
RHP	Exit	Ryman Hospitality Properties	$0	–	-493,338	–	-0.43%	–
FCPT	Exit	Four Corners Property Trust	$0	–	-1,645,217	–	-0.47%	–
HIW	Exit	Highwoods Properties Inc	$0	–	-1,482,892	–	-0.47%	–
PK	Exit	Park Hotels & Resorts Inc	$0	–	-3,667,124	–	-0.48%	–
WPC	Exit	WP Carey Inc	$0	–	-596,489	–	-0.49%	–
OUT	Exit	Outfront Media Inc	$0	–	-2,740,267	–	-0.49%	–
CLI	Exit	Veris Residential Inc	$0	–	-4,036,969	–	-0.54%	–
RPT	Exit	RPT Realty	$0	–	-7,584,718	–	-0.67%	–
REG	Exit	Regency Centers Corp	$0	–	-1,126,085	–	-0.71%	–
JBGS	Exit	JBG Smith Properties	$0	–	-3,284,581	–	-0.72%	–
SRC	Exit	Spirit Realty Capital	$0	–	-1,764,202	–	-0.75%	–
CCI	Exit	Crown Castle Intl Corp	$0	–	-472,240	–	-0.80%	–
AKR	Exit	Acadia Realty Trust	$0	–	-5,811,052	–	-0.86%	–
CUZ	Exit	Cousins Properties Inc	$0	–	-3,238,632	–	-0.89%	–
SBRA	Exit	Sabra Health Care REIT Inc	$0	–	-6,195,853	–	-0.95%	–
EXR	Exit	Extra Space Storage Inc	$0	–	-497,273	–	-1.01%	–
ESS	Exit	Essex Property Trust Inc	$0	–	-362,414	–	-1.03%	–
BNL	Exit	Broadstone Net Lease Inc	$0	–	-5,688,883	–	-1.04%	–
VICI	Exit	VICI Properties Inc	$0	–	-3,005,447	–	-1.05%	–
XHR	Exit	Xenia Hotels & Resorts Inc	$0	–	-7,023,303	–	-1.14%	–
COLD	Exit	Americold Realty Trust Inc	$0	–	-4,215,573	–	-1.22%	–
PEAK	Exit	Healthpeak Properties Inc	$0	–	-4,894,699	–	-1.32%	–
AMT	Exit	American Tower Corp	$0	–	-546,031	–	-1.38%	–
SBAC	Exit	SBA Communications Corp	$0	–	-423,337	–	-1.41%	–
MPW	Exit	Medical Properties Trust Inc	$0	–	-10,715,044	–	-1.49%	–
MAA	Exit	Mid-America Apartment Communit	$0	–	-959,682	–	-1.75%	–
KRC	Exit	Kilroy Realty Corporation	$0	–	-3,628,897	–	-1.79%	–
ARE	Exit	Alexandria Real Estate Equitie	$0	–	-1,102,860	–	-1.82%	–
DRE	Exit	Duke Realty Investments Inc	$0	–	-3,289,860	–	-1.86%	–
FR	Exit	First Industrial Realty Trust	$0	–	-3,647,539	–	-1.92%	–
REXR	Exit	Rexford Industrial Realty	$0	–	-3,165,545	–	-1.93%	–
WELL	Exit	Welltower Inc	$0	–	-3,141,956	–	-2.37%	–
BRX	Exit	Brixmor Property Group Inc	$0	–	-11,313,696	–	-2.45%	–
ADC	Exit	Agree Realty Corp	$0	–	-3,248,082	–	-2.58%	–
SPG	Exit	Simon Property Group Inc	$0	–	-2,496,260	–	-2.63%	–
AMH	Exit	American Homes 4 Rent	$0	–	-7,250,500	–	-2.79%	–
LSI	Exit	Life Storage Inc	$0	–	-2,152,904	–	-2.80%	–
O	Exit	Realty Income Corp	$0	–	-4,331,730	–	-2.96%	–
UDR	Exit	UDR Inc	$0	–	-6,272,461	–	-3.07%	–
AVB	Exit	Avalon Bay Communities	$0	–	-1,628,316	–	-3.52%	–
SUI	Exit	Sun Communities Inc	$0	–	-2,313,879	–	-3.68%	–
DLR	Exit	Digital Realty Trust Inc	$0	–	-3,175,978	–	-3.70%	–
VTR	Exit	Ventas Inc	$0	–	-7,935,220	–	-3.74%	–
EQR	Exit	Equity Residential Properties	$0	–	-4,808,978	–	-3.79%	–
INVH	Exit	Invitation Homes Inc	$0	–	-11,828,086	–	-4.69%	–
EQIX	Exit	Equinix Inc	$0	–	-795,026	–	-5.31%	–
PSA	Exit	Public Storage Inc	$0	–	-1,573,083	–	-5.41%	–
PLD	Exit	Prologis Trust	$0	–	-6,300,385	–	-7.51%	–

Q3 2022

			Value		Shares		↓ Weighting
PLD	Sell	Prologis Trust	$640,119,000	-17.8%	6,300,385	-4.8%	7.51%	-6.4%
PSA	Buy	Public Storage Inc	$460,614,000	-2.4%	1,573,083	+4.3%	5.41%	+11.2%
EQIX	Sell	Equinix Inc	$452,242,000	-15.8%	795,026	-2.7%	5.31%	-4.1%
INVH	Buy	Invitation Homes Inc	$399,435,000	-2.3%	11,828,086	+3.0%	4.69%	+11.3%
EQR	Sell	Equity Residential Properties	$323,259,000	-11.9%	4,808,978	-5.3%	3.79%	+0.3%
VTR	Sell	Ventas Inc	$318,757,000	-23.7%	7,935,220	-2.3%	3.74%	-13.1%
DLR	Buy	Digital Realty Trust Inc	$314,994,000	-17.1%	3,175,978	+8.6%	3.70%	-5.5%
SUI	Buy	Sun Communities Inc	$313,137,000	-11.1%	2,313,879	+4.7%	3.68%	+1.3%
AVB	Sell	Avalon Bay Communities	$299,919,000	-16.5%	1,628,316	-12.0%	3.52%	-4.9%
UDR	Buy	UDR Inc	$261,624,000	-8.7%	6,272,461	+0.8%	3.07%	+4.0%
O	Buy	Realty Income Corp	$252,107,000	-9.4%	4,331,730	+6.3%	2.96%	+3.2%
LSI	Sell	Life Storage Inc	$238,456,000	-24.5%	2,152,904	-23.9%	2.80%	-14.0%
AMH	Buy	American Homes 4 Rent	$237,888,000	+0.7%	7,250,500	+8.7%	2.79%	+14.7%
SPG	Buy	Simon Property Group Inc	$224,039,000	-4.1%	2,496,260	+1.5%	2.63%	+9.3%
ADC	Sell	Agree Realty Corp	$219,505,000	-9.8%	3,248,082	-3.7%	2.58%	+2.7%
BRX	Sell	Brixmor Property Group Inc	$208,964,000	-10.5%	11,313,696	-2.0%	2.45%	+2.0%
WELL	Sell	Welltower Inc	$202,091,000	-23.2%	3,141,956	-1.6%	2.37%	-12.5%
REXR	Buy	Rexford Industrial Realty	$164,609,000	-7.1%	3,165,545	+2.9%	1.93%	+5.8%
FR	Buy	First Industrial Realty Trust	$163,446,000	+17.6%	3,647,539	+24.6%	1.92%	+33.8%
DRE	Sell	Duke Realty Investments Inc	$158,572,000	-27.1%	3,289,860	-16.9%	1.86%	-17.0%
ARE	Sell	Alexandria Real Estate Equitie	$154,610,000	-14.8%	1,102,860	-11.9%	1.82%	-3.0%
KRC	Buy	Kilroy Realty Corporation	$152,812,000	-15.1%	3,628,897	+5.5%	1.79%	-3.3%
MAA	Sell	Mid-America Apartment Communit	$148,819,000	-39.1%	959,682	-31.4%	1.75%	-30.6%
MPW	Buy	Medical Properties Trust Inc	$127,081,000	-13.7%	10,715,044	+11.1%	1.49%	-1.6%
SBAC	Buy	SBA Communications Corp	$120,503,000	+109.9%	423,337	+136.0%	1.41%	+138.9%
AMT	Sell	American Tower Corp	$117,233,000	-44.3%	546,031	-33.7%	1.38%	-36.6%
PEAK	Buy	Healthpeak Properties Inc	$112,186,000	+168.6%	4,894,699	+203.6%	1.32%	+206.3%
COLD	Sell	Americold Realty Trust Inc	$103,704,000	-29.5%	4,215,573	-14.0%	1.22%	-19.8%
XHR	Buy	Xenia Hotels & Resorts Inc	$96,852,000	-1.6%	7,023,303	+3.7%	1.14%	+12.0%
VICI	Sell	VICI Properties Inc	$89,713,000	-17.9%	3,005,447	-18.0%	1.05%	-6.5%
BNL	Buy	Broadstone Net Lease Inc	$88,348,000	+37.2%	5,688,883	+81.2%	1.04%	+56.2%
ESS	Buy	Essex Property Trust Inc	$87,787,000	+293.3%	362,414	+324.6%	1.03%	+347.8%
EXR	Sell	Extra Space Storage Inc	$85,884,000	-20.3%	497,273	-21.5%	1.01%	-9.2%
SBRA	Sell	Sabra Health Care REIT Inc	$81,290,000	-6.9%	6,195,853	-0.9%	0.95%	+6.0%
CUZ	Sell	Cousins Properties Inc	$75,621,000	-25.9%	3,238,632	-7.2%	0.89%	-15.5%
AKR	Buy	Acadia Realty Trust	$73,335,000	-17.6%	5,811,052	+1.9%	0.86%	-6.2%
CCI	Buy	Crown Castle Intl Corp	$68,263,000	-10.3%	472,240	+4.5%	0.80%	+2.0%
SRC	Buy	Spirit Realty Capital	$63,794,000	+0.0%	1,764,202	+4.5%	0.75%	+14.0%
JBGS	Sell	JBG Smith Properties	$61,027,000	-34.6%	3,284,581	-16.9%	0.72%	-25.6%
REG	Buy	Regency Centers Corp	$60,640,000	+294.8%	1,126,085	+334.8%	0.71%	+350.6%
RPT	Buy	RPT Realty	$57,341,000	-19.6%	7,584,718	+4.6%	0.67%	-8.4%
CLI	Buy	Veris Residential Inc	$45,901,000	-2.4%	4,036,969	+13.7%	0.54%	+11.1%
WPC	Buy	WP Carey Inc	$41,634,000	+94.4%	596,489	+130.8%	0.49%	+121.3%
OUT	Buy	Outfront Media Inc	$41,625,000	-6.8%	2,740,267	+4.0%	0.49%	+6.3%
PK	Sell	Park Hotels & Resorts Inc	$41,292,000	-21.9%	3,667,124	-5.9%	0.48%	-11.0%
HIW	Buy	Highwoods Properties Inc	$39,979,000	+621.9%	1,482,892	+815.5%	0.47%	+722.8%
FCPT	Buy	Four Corners Property Trust	$39,798,000	+55.9%	1,645,217	+71.3%	0.47%	+77.6%
RHP	Sell	Ryman Hospitality Properties	$36,305,000	-9.6%	493,338	-6.6%	0.43%	+2.9%
UE	Buy	Urban Edge Properties	$35,955,000	+27.3%	2,695,272	+45.1%	0.42%	+45.0%
OHI	Buy	Omega Healthcare Investors Inc	$34,907,000	+8.7%	1,183,691	+3.9%	0.41%	+23.9%
APLE	Buy	Apple Hospitality REIT Inc	$32,776,000	+0.0%	2,331,135	+4.4%	0.38%	+13.9%
GLPI	Buy	Gaming and Leisure Properties	$31,580,000	+1.9%	713,835	+5.7%	0.37%	+16.3%
HST	Buy	Host Hotels & Resorts Inc	$31,057,000	+252.2%	1,955,746	+247.8%	0.36%	+301.1%
DEI	Buy	Douglas Emmett Inc	$27,320,000	+457.0%	1,523,742	+595.3%	0.32%	+529.4%
BXP	Buy	Boston Properties	$17,031,000	+0.9%	227,173	+19.8%	0.20%	+14.9%
WY	Sell	Weyerhaeuser Co	$14,010,000	-21.7%	490,550	-9.2%	0.16%	-10.9%
ELS	Sell	Equity Lifestyle Properties	$13,759,000	-35.7%	218,946	-27.8%	0.16%	-26.8%
KIM	Sell	Kimco Realty Corp	$9,448,000	-46.4%	513,198	-42.4%	0.11%	-39.0%
AIV	Sell	Apartment Investment and Manag	$9,224,000	-15.3%	1,263,628	-25.7%	0.11%	-3.6%
SHO	Sell	Sunstone Hotel Investors Inc	$8,723,000	-66.9%	926,087	-65.1%	0.10%	-62.4%
CPT	Sell	Camden Property Trust	$6,963,000	-58.3%	58,292	-53.0%	0.08%	-52.3%
CUBE	Sell	Cubesmart	$6,362,000	-48.9%	158,818	-45.5%	0.08%	-41.4%
DRH	Buy	DiamondRock Hospitality Co	$5,808,000	–	773,392	+7030736.4%	0.07%	–
	New	Healthcare Realty Trust Inc	$5,714,000	–	274,030	–	0.07%	–
	Sell	Federal Realty Investment Trus	$5,105,000	-87.7%	56,645	-86.9%	0.06%	-85.9%
	New	Tricon Residential Inc	$4,740,000	–	548,000	–	0.06%	–
NNN	Sell	National Retail Properties	$4,498,000	-54.4%	112,855	-50.8%	0.05%	-48.0%
EGP	Sell	EastGroup Properties Inc	$4,114,000	-91.0%	28,499	-90.4%	0.05%	-89.9%
STAG	Sell	STAG Industrial	$3,570,000	-49.2%	125,557	-44.8%	0.04%	-41.7%
OFC	Sell	Corporate Office Properties Tr	$3,468,000	-41.7%	149,300	-34.3%	0.04%	-32.8%
AIRC	Sell	Apartment Income REIT Corp	$3,035,000	-52.6%	78,577	-49.0%	0.04%	-45.5%
KRG	Sell	Kite Realty Group Trust	$2,754,000	-40.3%	159,929	-40.0%	0.03%	-33.3%
DOC	Sell	Physicians Realty Trust	$2,444,000	-37.8%	162,491	-27.9%	0.03%	-29.3%
	Buy	SL Green Realty Corp	$2,285,000	+228400.0%	56,900	+177712.5%	0.03%	–
HPP	Sell	Hudson Pacific Properties	$1,865,000	-87.4%	170,315	-83.0%	0.02%	-85.6%
TRNO	Sell	Terreno Realty Corp	$1,868,000	-10.7%	35,250	-6.1%	0.02%	0.0%
LXP	Sell	LXP Industrial Trust	$1,805,000	-50.0%	197,000	-41.4%	0.02%	-43.2%
NEE	Sell	NEXTERA ENERGY INC	$1,725,000	-13.4%	22,000	-14.4%	0.02%	-4.8%
BDN	Sell	Brandywine Realty Trust	$1,390,000	-49.4%	205,915	-27.8%	0.02%	-42.9%
RADI	Buy	Radius Global Infrastructure I	$1,262,000	-32.8%	134,000	+8.9%	0.02%	-21.1%
ROIC	Sell	Retail Opportunity Investments	$1,089,000	-52.7%	79,150	-45.7%	0.01%	-45.8%
	New	DigitalBridge Group Inc	$844,000	–	67,500	–	0.01%	–
	Sell	IHS Holding Ltd	$893,000	-49.1%	160,000	-4.8%	0.01%	-44.4%
ESRT	Sell	Empire State Realty Trust	$671,000	-95.6%	102,320	-95.3%	0.01%	-95.0%
AAT	Sell	American Assets Trust	$678,000	-55.5%	26,370	-48.6%	0.01%	-50.0%
UMH	Sell	UMH Properties Inc	$581,000	-44.7%	36,000	-39.5%	0.01%	-36.4%
PDM	New	Piedmont Office Realty Trust I	$619,000	–	58,600	–	0.01%	–
GDS	Sell	GDS Holdings Ltd - ADR	$486,000	-55.8%	27,500	-16.4%	0.01%	-45.5%
	Buy	Cyxtera Technologies Inc	$428,000	-55.6%	105,000	+23.5%	0.01%	-50.0%
	Exit	Phillips Edison & Company Inc	$0	–	-799	–	0.00%	–
OPI	Exit	Office Properties Income Trust	$0	–	-94	–	0.00%	–
IRM	Exit	Iron Mountain Inc	$0	–	-88	–	0.00%	–
WRE	Exit	Washington REIT	$0	–	-134	–	0.00%	–
EPR	Exit	EPR Properties	$0	–	-789	–	0.00%	–
EPRT	Exit	Essential Properties Realty	$0	–	-1,580	–	0.00%	–
ALEX	Exit	Alexander & Baldwin Inc	$0	–	-2,926	–	-0.00%	–
DBRG	Exit	DigitalBridge Group Inc	$0	–	-255,000	–	-0.01%	–
NTST	Exit	NetSTREIT Corp	$0	–	-182,670	–	-0.04%	–
DHC	Exit	Diversified Healthcare Trust	$0	–	-2,516,919	–	-0.05%	–
PSB	Exit	PS Business Parks Inc/CA	$0	–	-25,600	–	-0.05%	–
HTA	Exit	Healthcare Trust of America	$0	–	-283,605	–	-0.08%	–
STOR	Exit	Store Capital Corp	$0	–	-319,440	–	-0.09%	–
ACC	Exit	American Campus Communities	$0	–	-182,346	–	-0.12%	–
	Exit	WeWork Inc	$0	–	-2,428,896	–	-0.13%	–
LAMR	Exit	Lamar Advertising Company	$0	–	-185,054	–	-0.17%	–
CTRE	Exit	CareTrust REIT Inc	$0	–	-1,206,683	–	-0.23%	–

Q2 2022

			Value		Shares		↓ Weighting
PLD	New	Prologis Trust	$778,994,000	–	6,621,286	–	8.03%	–
EQIX	New	Equinix Inc	$537,034,000	–	817,378	–	5.54%	–
PSA	New	Public Storage Inc	$471,706,000	–	1,508,637	–	4.86%	–
VTR	New	Ventas Inc	$417,515,000	–	8,118,110	–	4.30%	–
INVH	New	Invitation Homes Inc	$408,709,000	–	11,487,041	–	4.21%	–
DLR	New	Digital Realty Trust Inc	$379,770,000	–	2,925,129	–	3.91%	–
EQR	New	Equity Residential Properties	$366,867,000	–	5,079,852	–	3.78%	–
AVB	New	Avalon Bay Communities	$359,331,000	–	1,849,841	–	3.70%	–
SUI	New	Sun Communities Inc	$352,057,000	–	2,209,195	–	3.63%	–
LSI	New	Life Storage Inc	$315,788,000	–	2,828,127	–	3.26%	–
UDR	New	UDR Inc	$286,534,000	–	6,223,582	–	2.95%	–
O	New	Realty Income Corp	$278,131,000	–	4,074,577	–	2.87%	–
WELL	New	Welltower Inc	$263,074,000	–	3,194,596	–	2.71%	–
MAA	New	Mid-America Apartment Communit	$244,228,000	–	1,398,224	–	2.52%	–
ADC	New	Agree Realty Corp	$243,337,000	–	3,373,602	–	2.51%	–
AMH	New	American Homes 4 Rent	$236,292,000	–	6,667,362	–	2.44%	–
SPG	New	Simon Property Group Inc	$233,508,000	–	2,460,050	–	2.41%	–
BRX	New	Brixmor Property Group Inc	$233,412,000	–	11,549,359	–	2.41%	–
DRE	New	Duke Realty Investments Inc	$217,660,000	–	3,961,052	–	2.24%	–
AMT	New	American Tower Corp	$210,462,000	–	823,438	–	2.17%	–
ARE	New	Alexandria Real Estate Equitie	$181,506,000	–	1,251,501	–	1.87%	–
KRC	New	Kilroy Realty Corporation	$179,936,000	–	3,438,477	–	1.86%	–
REXR	New	Rexford Industrial Realty	$177,144,000	–	3,075,956	–	1.83%	–
MPW	New	Medical Properties Trust Inc	$147,211,000	–	9,640,503	–	1.52%	–
COLD	New	Americold Realty Trust Inc	$147,200,000	–	4,900,121	–	1.52%	–
FR	New	First Industrial Realty Trust	$139,014,000	–	2,927,857	–	1.43%	–
VICI	New	VICI Properties Inc	$109,208,000	–	3,665,965	–	1.13%	–
EXR	New	Extra Space Storage Inc	$107,726,000	–	633,234	–	1.11%	–
CUZ	New	Cousins Properties Inc	$102,002,000	–	3,489,633	–	1.05%	–
XHR	New	Xenia Hotels & Resorts Inc	$98,435,000	–	6,774,580	–	1.02%	–
JBGS	New	JBG Smith Properties	$93,383,000	–	3,950,224	–	0.96%	–
AKR	New	Acadia Realty Trust	$89,038,000	–	5,700,250	–	0.92%	–
SBRA	New	Sabra Health Care REIT Inc	$87,357,000	–	6,253,168	–	0.90%	–
CCI	New	Crown Castle Intl Corp	$76,122,000	–	452,090	–	0.78%	–
RPT	New	RPT Realty	$71,279,000	–	7,251,277	–	0.74%	–
BNL	New	Broadstone Net Lease Inc	$64,391,000	–	3,139,536	–	0.66%	–
SRC	New	Spirit Realty Capital	$63,779,000	–	1,688,180	–	0.66%	–
SBAC	New	SBA Communications Corp	$57,422,000	–	179,414	–	0.59%	–
PK	New	Park Hotels & Resorts Inc	$52,903,000	–	3,898,464	–	0.54%	–
CLI	New	Veris Residential Inc	$47,029,000	–	3,552,035	–	0.48%	–
EGP	New	EastGroup Properties Inc	$45,891,000	–	297,353	–	0.47%	–
OUT	New	Outfront Media Inc	$44,649,000	–	2,634,158	–	0.46%	–
PEAK	New	Healthpeak Properties Inc	$41,769,000	–	1,612,101	–	0.43%	–
	New	Federal Realty Investment Trus	$41,438,000	–	432,812	–	0.43%	–
RHP	New	Ryman Hospitality Properties	$40,156,000	–	528,147	–	0.41%	–
APLE	New	Apple Hospitality REIT Inc	$32,760,000	–	2,233,119	–	0.34%	–
OHI	New	Omega Healthcare Investors Inc	$32,115,000	–	1,139,259	–	0.33%	–
GLPI	New	Gaming and Leisure Properties	$30,982,000	–	675,598	–	0.32%	–
UE	New	Urban Edge Properties	$28,246,000	–	1,857,014	–	0.29%	–
SHO	New	Sunstone Hotel Investors Inc	$26,333,000	–	2,654,533	–	0.27%	–
FCPT	New	Four Corners Property Trust	$25,536,000	–	960,382	–	0.26%	–
ESS	New	Essex Property Trust Inc	$22,320,000	–	85,350	–	0.23%	–
CTRE	New	CareTrust REIT Inc	$22,251,000	–	1,206,683	–	0.23%	–
WPC	New	WP Carey Inc	$21,419,000	–	258,499	–	0.22%	–
ELS	New	Equity Lifestyle Properties	$21,384,000	–	303,442	–	0.22%	–
WY	New	Weyerhaeuser Co	$17,887,000	–	540,050	–	0.18%	–
KIM	New	Kimco Realty Corp	$17,623,000	–	891,414	–	0.18%	–
BXP	New	Boston Properties	$16,879,000	–	189,689	–	0.17%	–
CPT	New	Camden Property Trust	$16,692,000	–	124,120	–	0.17%	–
LAMR	New	Lamar Advertising Company	$16,280,000	–	185,054	–	0.17%	–
ESRT	New	Empire State Realty Trust	$15,394,000	–	2,189,732	–	0.16%	–
REG	New	Regency Centers Corp	$15,360,000	–	258,986	–	0.16%	–
HPP	New	Hudson Pacific Properties	$14,858,000	–	1,001,247	–	0.15%	–
CUBE	New	Cubesmart	$12,449,000	–	291,417	–	0.13%	–
	New	WeWork Inc	$12,193,000	–	2,428,896	–	0.13%	–
	New	Franklin BSP Realty Trust Inc	$12,068,000	–	895,275	–	0.12%	–
ACC	New	American Campus Communities	$11,756,000	–	182,346	–	0.12%	–
AIV	New	Apartment Investment and Manag	$10,891,000	–	1,701,820	–	0.11%	–
NNN	New	National Retail Properties	$9,860,000	–	229,293	–	0.10%	–
HST	New	Host Hotels & Resorts Inc	$8,817,000	–	562,299	–	0.09%	–
STOR	New	Store Capital Corp	$8,331,000	–	319,440	–	0.09%	–
HTA	New	Healthcare Trust of America	$7,915,000	–	283,605	–	0.08%	–
STAG	New	STAG Industrial	$7,030,000	–	227,655	–	0.07%	–
AIRC	New	Apartment Income REIT Corp	$6,408,000	–	154,028	–	0.07%	–
OFC	New	Corporate Office Properties Tr	$5,950,000	–	227,200	–	0.06%	–
HIW	New	Highwoods Properties Inc	$5,538,000	–	161,974	–	0.06%	–
DEI	New	Douglas Emmett Inc	$4,905,000	–	219,149	–	0.05%	–
PSB	New	PS Business Parks Inc/CA	$4,791,000	–	25,600	–	0.05%	–
KRG	New	Kite Realty Group Trust	$4,612,000	–	266,732	–	0.05%	–
DHC	New	Diversified Healthcare Trust	$4,581,000	–	2,516,919	–	0.05%	–
DOC	New	Physicians Realty Trust	$3,931,000	–	225,284	–	0.04%	–
LXP	New	LXP Industrial Trust	$3,609,000	–	336,000	–	0.04%	–
NTST	New	NetSTREIT Corp	$3,447,000	–	182,670	–	0.04%	–
BDN	New	Brandywine Realty Trust	$2,748,000	–	285,027	–	0.03%	–
ROIC	New	Retail Opportunity Investments	$2,301,000	–	145,843	–	0.02%	–
TRNO	New	Terreno Realty Corp	$2,092,000	–	37,539	–	0.02%	–
NEE	New	NEXTERA ENERGY INC	$1,991,000	–	25,700	–	0.02%	–
RADI	New	Radius Global Infrastructure I	$1,877,000	–	123,000	–	0.02%	–
	New	IHS Holding Ltd	$1,754,000	–	168,000	–	0.02%	–
AAT	New	American Assets Trust	$1,523,000	–	51,270	–	0.02%	–
DBRG	New	DigitalBridge Group Inc	$1,244,000	–	255,000	–	0.01%	–
GDS	New	GDS Holdings Ltd - ADR	$1,099,000	–	32,900	–	0.01%	–
UMH	New	UMH Properties Inc	$1,051,000	–	59,500	–	0.01%	–
	New	Cyxtera Technologies Inc	$964,000	–	85,000	–	0.01%	–
ALEX	New	Alexander & Baldwin Inc	$53,000	–	2,926	–	0.00%	–
EPRT	New	Essential Properties Realty	$34,000	–	1,580	–	0.00%	–
	New	Phillips Edison & Company Inc	$27,000	–	799	–	0.00%	–
OPI	New	Office Properties Income Trust	$2,000	–	94	–	0.00%	–
IRM	New	Iron Mountain Inc	$4,000	–	88	–	0.00%	–
	New	SL Green Realty Corp	$1,000	–	32	–	0.00%	–
EPR	New	EPR Properties	$37,000	–	789	–	0.00%	–
DRH	New	DiamondRock Hospitality Co	$0	–	11	–	0.00%	–
WRE	New	Washington REIT	$3,000	–	134	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
SITC	Exit	SITE Centers Corp	$0	–	-15,661	–	-0.00%	–
PDM	Exit	Piedmont Office Realty Trust I	$0	–	-29,676	–	-0.01%	–
AHH	Exit	Armada Hoffler Properties	$0	–	-65,400	–	-0.01%	–
AIV	Exit	Apartment Investment and Manag	$0	–	-154,828	–	-0.01%	–
COR	Exit	Coresite Realty Corp	$0	–	-10,000	–	-0.01%	–
RADI	Exit	Radius Global Infrastructure I	$0	–	-112,500	–	-0.02%	–
KRG	Exit	Kite Realty Group Trust	$0	–	-109,400	–	-0.02%	–
AAT	Exit	American Assets Trust	$0	–	-62,242	–	-0.02%	–
WRE	Exit	Washington REIT	$0	–	-102,200	–	-0.03%	–
UE	Exit	Urban Edge Properties	$0	–	-148,090	–	-0.03%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-38,500	–	-0.03%	–
CXP	Exit	Columbia Property Trust	$0	–	-165,000	–	-0.03%	–
PSB	Exit	PS Business Parks Inc/CA	$0	–	-25,100	–	-0.04%	–
GDS	Exit	GDS Holdings Ltd - ADR	$0	–	-68,548	–	-0.04%	–
NSA	Exit	National Storage Affiliates Tr	$0	–	-75,830	–	-0.04%	–
LXP	Exit	Lexington Realty Trust	$0	–	-336,000	–	-0.04%	–
DOC	Exit	Physicians Realty Trust	$0	–	-258,700	–	-0.05%	–
HR	Exit	Healthcare Realty Trust	$0	–	-169,688	–	-0.05%	–
SRG	Exit	Seritage Growth Properties	$0	–	-395,083	–	-0.06%	–
VNO	Exit	Vornado Realty Trust	$0	–	-139,000	–	-0.06%	–
TRNO	Exit	Terreno Realty Corp	$0	–	-100,600	–	-0.06%	–
OFC	Exit	Corporate Office Properties Tr	$0	–	-256,200	–	-0.07%	–
HIW	Exit	Highwoods Properties Inc	$0	–	-162,253	–	-0.07%	–
NNN	Exit	National Retail Properties	$0	–	-169,355	–	-0.08%	–
NTST	Exit	NetSTREIT Corp	$0	–	-311,960	–	-0.08%	–
DEI	Exit	Douglas Emmett Inc	$0	–	-235,620	–	-0.08%	–
AIRC	Exit	Apartment Income REIT Corp	$0	–	-154,876	–	-0.08%	–
SRC	Exit	Spirit Realty Capital	$0	–	-163,140	–	-0.08%	–
HTA	Exit	Healthcare Trust of America	$0	–	-277,622	–	-0.08%	–
EGP	Exit	EastGroup Properties Inc	$0	–	-49,431	–	-0.08%	–
STAG	Exit	STAG Industrial	$0	–	-219,155	–	-0.09%	–
PGRE	Exit	Paramount Group Inc	$0	–	-1,007,798	–	-0.09%	–
FRT	Exit	Federal Realty Investment Trus	$0	–	-90,705	–	-0.11%	–
CUBE	Exit	Cubesmart	$0	–	-244,705	–	-0.12%	–
FCPT	Exit	Four Corners Property Trust	$0	–	-457,834	–	-0.13%	–
WPC	Exit	WP Carey Inc	$0	–	-227,660	–	-0.17%	–
CONE	Exit	CyrusOne	$0	–	-217,045	–	-0.17%	–
REG	Exit	Regency Centers Corp	$0	–	-259,602	–	-0.18%	–
CPT	Exit	Camden Property Trust	$0	–	-119,422	–	-0.18%	–
KIM	Exit	Kimco Realty Corp	$0	–	-866,388	–	-0.18%	–
APLE	Exit	Apple Hospitality REIT Inc	$0	–	-1,140,427	–	-0.18%	–
OHI	Exit	Omega Healthcare Investors Inc	$0	–	-610,314	–	-0.19%	–
BXP	Exit	Boston Properties	$0	–	-179,234	–	-0.20%	–
ROIC	Exit	Retail Opportunity Investments	$0	–	-1,227,792	–	-0.22%	–
DHC	Exit	Diversified Healthcare Trust	$0	–	-6,509,160	–	-0.23%	–
AMH	Exit	American Homes 4 Rent	$0	–	-582,064	–	-0.23%	–
WY	Exit	Weyerhaeuser Co	$0	–	-646,290	–	-0.24%	–
ELS	Exit	Equity Lifestyle Properties	$0	–	-294,270	–	-0.24%	–
ESRT	Exit	Empire State Realty Trust	$0	–	-2,724,981	–	-0.28%	–
O	Exit	Realty Income Corp	$0	–	-467,691	–	-0.31%	–
IRT	Exit	Independence Realty Trust Inc	$0	–	-1,554,860	–	-0.32%	–
BDN	Exit	Brandywine Realty Trust	$0	–	-2,429,437	–	-0.33%	–
BNL	Exit	Broadstone Net Lease Inc	$0	–	-1,331,574	–	-0.34%	–
EPR	Exit	EPR Properties	$0	–	-730,641	–	-0.37%	–
GLPI	Exit	Gaming and Leisure Properties	$0	–	-819,965	–	-0.39%	–
	Exit	Phillips Edison & Company Inc	$0	–	-1,264,383	–	-0.40%	–
RPT	Exit	RPT Realty	$0	–	-3,214,260	–	-0.42%	–
ARE	Exit	Alexandria Real Estate Equitie	$0	–	-215,764	–	-0.42%	–
OUT	Exit	Outfront Media Inc	$0	–	-1,819,028	–	-0.47%	–
SLG	Exit	SL Green Realty Corp	$0	–	-927,793	–	-0.67%	–
STOR	Exit	Store Capital Corp	$0	–	-2,118,935	–	-0.70%	–
XHR	Exit	Xenia Hotels & Resorts Inc	$0	–	-4,312,538	–	-0.78%	–
PK	Exit	Park Hotels & Resorts Inc	$0	–	-4,022,347	–	-0.79%	–
HPP	Exit	Hudson Pacific Properties	$0	–	-3,059,284	–	-0.82%	–
CCI	Exit	Crown Castle Intl Corp	$0	–	-481,600	–	-0.86%	–
PEAK	Exit	Healthpeak Properties Inc	$0	–	-2,573,408	–	-0.88%	–
SBRA	Exit	Sabra Health Care REIT Inc	$0	–	-5,911,651	–	-0.89%	–
MAA	Exit	Mid-America Apartment Communit	$0	–	-497,340	–	-0.95%	–
FR	Exit	First Industrial Realty Trust	$0	–	-1,787,682	–	-0.95%	–
VER	Exit	VEREIT Inc	$0	–	-2,153,237	–	-1.00%	–
RPAI	Exit	Retail Properties of America	$0	–	-7,596,457	–	-1.00%	–
COLD	Exit	Americold Realty Trust	$0	–	-3,589,903	–	-1.07%	–
AKR	Exit	Acadia Realty Trust	$0	–	-5,793,591	–	-1.21%	–
MGP	Exit	MGM Growth Properties LLC	$0	–	-3,133,461	–	-1.23%	–
JBGS	Exit	JBG Smith Properties	$0	–	-4,136,476	–	-1.25%	–
CUZ	Exit	Cousins Properties Inc	$0	–	-3,436,426	–	-1.31%	–
VICI	Exit	VICI Properties Inc	$0	–	-4,872,828	–	-1.42%	–
EXR	Exit	Extra Space Storage Inc	$0	–	-909,778	–	-1.56%	–
AMT	Exit	American Tower Corp	$0	–	-579,276	–	-1.57%	–
HST	Exit	Host Hotels & Resorts Inc	$0	–	-9,419,354	–	-1.58%	–
KRC	Exit	Kilroy Realty Corporation	$0	–	-2,377,846	–	-1.61%	–
ESS	Exit	Essex Property Trust Inc	$0	–	-505,469	–	-1.66%	–
REXR	Exit	Rexford Industrial Realty	$0	–	-3,128,313	–	-1.82%	–
MPW	Exit	Medical Properties Trust Inc	$0	–	-9,252,093	–	-1.90%	–
ADC	Exit	Agree Realty Corp	$0	–	-3,008,508	–	-2.04%	–
DRE	Exit	Duke Realty Investments Inc	$0	–	-4,681,026	–	-2.30%	–
SBAC	Exit	SBA Communications Corp	$0	–	-682,818	–	-2.31%	–
ACC	Exit	American Campus Communities	$0	–	-5,141,748	–	-2.55%	–
BRX	Exit	Brixmor Property Group Inc	$0	–	-11,350,872	–	-2.57%	–
PSA	Exit	Public Storage Inc	$0	–	-927,009	–	-2.82%	–
SPG	Exit	Simon Property Group Inc	$0	–	-2,171,649	–	-2.89%	–
LSI	Exit	Life Storage Inc	$0	–	-2,465,771	–	-2.90%	–
VTR	Exit	Ventas Inc	$0	–	-5,211,546	–	-2.95%	–
DLR	Exit	Digital Realty Trust Inc	$0	–	-2,032,222	–	-3.01%	–
SUI	Exit	Sun Communities Inc	$0	–	-1,602,631	–	-3.04%	–
UDR	Exit	UDR Inc	$0	–	-5,667,765	–	-3.08%	–
WELL	Exit	Welltower Inc	$0	–	-3,847,675	–	-3.25%	–
AVB	Exit	Avalon Bay Communities	$0	–	-1,474,737	–	-3.35%	–
EQR	Exit	Equity Residential Properties	$0	–	-4,405,635	–	-3.65%	–
INVH	Exit	Invitation Homes Inc	$0	–	-12,587,007	–	-4.94%	–
EQIX	Exit	Equinix Inc	$0	–	-781,441	–	-6.32%	–
PLD	Exit	Prologis Trust	$0	–	-6,233,221	–	-8.01%	–

Q3 2021

			Value		Shares		↓ Weighting
PLD	Sell	Prologis Trust	$781,833,000	+1.9%	6,233,221	-2.9%	8.01%	+2.7%
EQIX	Buy	Equinix Inc	$617,440,000	+2.2%	781,441	+3.8%	6.32%	+2.9%
INVH	Sell	Invitation Homes Inc	$482,460,000	-3.5%	12,587,007	-6.1%	4.94%	-2.8%
EQR	Buy	Equity Residential Properties	$356,504,000	+12.8%	4,405,635	+7.4%	3.65%	+13.7%
AVB	Buy	Avalon Bay Communities	$326,860,000	+6.3%	1,474,737	+0.1%	3.35%	+7.1%
WELL	Sell	Welltower Inc	$317,048,000	-31.9%	3,847,675	-31.4%	3.25%	-31.4%
UDR	Sell	UDR Inc	$300,278,000	+0.8%	5,667,765	-6.8%	3.08%	+1.6%
SUI	Buy	Sun Communities Inc	$296,647,000	+9.8%	1,602,631	+1.7%	3.04%	+10.6%
DLR	Buy	Digital Realty Trust Inc	$293,554,000	-1.0%	2,032,222	+3.2%	3.01%	-0.2%
VTR	Buy	Ventas Inc	$287,730,000	+7.1%	5,211,546	+10.8%	2.95%	+7.9%
LSI	Sell	Life Storage Inc	$282,923,000	-1.7%	2,465,771	-8.0%	2.90%	-1.0%
SPG	Buy	Simon Property Group Inc	$282,249,000	+21.3%	2,171,649	+21.7%	2.89%	+22.1%
PSA	Buy	Public Storage Inc	$275,413,000	+71.4%	927,009	+73.5%	2.82%	+72.6%
BRX	Buy	Brixmor Property Group Inc	$250,966,000	+29.4%	11,350,872	+33.9%	2.57%	+30.3%
ACC	Sell	American Campus Communities	$249,118,000	-5.5%	5,141,748	-8.9%	2.55%	-4.8%
SBAC	Sell	SBA Communications Corp	$225,719,000	-22.9%	682,818	-25.7%	2.31%	-22.4%
DRE	Buy	Duke Realty Investments Inc	$224,080,000	+2.0%	4,681,026	+0.9%	2.30%	+2.7%
ADC	Sell	Agree Realty Corp	$199,253,000	-8.5%	3,008,508	-2.6%	2.04%	-7.8%
MPW	Buy	Medical Properties Trust Inc	$185,690,000	+50.3%	9,252,093	+50.5%	1.90%	+51.4%
REXR	Buy	Rexford Industrial Realty	$177,532,000	+36.1%	3,128,313	+36.5%	1.82%	+37.1%
ESS	Sell	Essex Property Trust Inc	$161,619,000	-15.6%	505,469	-20.8%	1.66%	-15.0%
KRC	Buy	Kilroy Realty Corporation	$157,438,000	+1.9%	2,377,846	+7.2%	1.61%	+2.6%
HST	Buy	Host Hotels & Resorts Inc	$153,818,000	+4.6%	9,419,354	+9.5%	1.58%	+5.4%
AMT	Buy	American Tower Corp	$153,745,000	+3.7%	579,276	+5.6%	1.57%	+4.4%
EXR	Sell	Extra Space Storage Inc	$152,834,000	-32.0%	909,778	-33.7%	1.56%	-31.5%
VICI	Buy	VICI Properties Inc	$138,437,000	+45.3%	4,872,828	+58.7%	1.42%	+46.5%
CUZ	Sell	Cousins Properties Inc	$128,143,000	-27.0%	3,436,426	-28.0%	1.31%	-26.5%
JBGS	Sell	JBG Smith Properties	$122,482,000	-16.8%	4,136,476	-11.4%	1.25%	-16.2%
MGP	Buy	MGM Growth Properties LLC	$120,011,000	+77.5%	3,133,461	+69.7%	1.23%	+78.9%
AKR	Buy	Acadia Realty Trust	$118,248,000	+5.8%	5,793,591	+13.8%	1.21%	+6.6%
COLD	Sell	Americold Realty Trust	$104,286,000	-24.6%	3,589,903	-1.8%	1.07%	-24.1%
RPAI	Sell	Retail Properties of America	$97,843,000	-10.9%	7,596,457	-20.8%	1.00%	-10.2%
VER	Sell	VEREIT Inc	$97,391,000	-32.3%	2,153,237	-31.3%	1.00%	-31.9%
FR	Sell	First Industrial Realty Trust	$93,103,000	-4.3%	1,787,682	-4.0%	0.95%	-3.6%
MAA	Sell	Mid-America Apartment Communit	$92,878,000	+10.6%	497,340	-0.3%	0.95%	+11.4%
SBRA	Buy	Sabra Health Care REIT Inc	$87,019,000	-17.7%	5,911,651	+1.8%	0.89%	-17.1%
PEAK	Buy	Healthpeak Properties Inc	$86,158,000	+22.0%	2,573,408	+21.3%	0.88%	+22.8%
CCI	Buy	Crown Castle Intl Corp	$83,471,000	+2.3%	481,600	+15.2%	0.86%	+3.1%
HPP	Buy	Hudson Pacific Properties	$80,367,000	+42.4%	3,059,284	+50.8%	0.82%	+43.4%
PK	Buy	Park Hotels & Resorts Inc	$76,987,000	+6.4%	4,022,347	+14.6%	0.79%	+7.2%
XHR	Buy	Xenia Hotels & Resorts Inc	$76,505,000	+616.3%	4,312,538	+656.2%	0.78%	+618.3%
STOR	Sell	Store Capital Corp	$67,869,000	-9.1%	2,118,935	-2.1%	0.70%	-8.4%
SLG	Buy	SL Green Realty Corp	$65,726,000	+841.4%	927,793	+963.1%	0.67%	+847.9%
OUT	Sell	Outfront Media Inc	$45,839,000	-10.0%	1,819,028	-14.2%	0.47%	-9.5%
ARE	Sell	Alexandria Real Estate Equitie	$41,226,000	-12.6%	215,764	-16.8%	0.42%	-11.9%
RPT	New	RPT Realty	$41,014,000	–	3,214,260	–	0.42%	–
	New	Phillips Edison & Company Inc	$38,830,000	–	1,264,383	–	0.40%	–
GLPI	Sell	Gaming and Leisure Properties	$37,980,000	-18.1%	819,965	-18.1%	0.39%	-17.6%
EPR	Buy	EPR Properties	$36,080,000	-5.5%	730,641	+0.8%	0.37%	-4.9%
BNL	Sell	Broadstone Net Lease Inc	$33,037,000	-53.9%	1,331,574	-56.5%	0.34%	-53.6%
BDN	Buy	Brandywine Realty Trust	$32,603,000	+17.2%	2,429,437	+19.7%	0.33%	+18.0%
IRT	Buy	Independence Realty Trust Inc	$31,641,000	+1635.7%	1,554,860	+1454.9%	0.32%	+1605.3%
O	Buy	Realty Income Corp	$30,334,000	-2.7%	467,691	+0.2%	0.31%	-1.9%
ESRT	Buy	Empire State Realty Trust	$27,332,000	+84.5%	2,724,981	+120.8%	0.28%	+85.4%
WY	Buy	Weyerhaeuser Co	$22,989,000	+8.6%	646,290	+5.1%	0.24%	+9.3%
ELS	Buy	Equity Lifestyle Properties	$22,982,000	+9.4%	294,270	+4.1%	0.24%	+9.8%
AMH	Sell	American Homes 4 Rent	$22,188,000	-3.6%	582,064	-1.7%	0.23%	-3.0%
DHC	Buy	Diversified Healthcare Trust	$22,066,000	-7.6%	6,509,160	+13.9%	0.23%	-7.0%
ROIC	Buy	Retail Opportunity Investments	$21,388,000	+689.8%	1,227,792	+700.6%	0.22%	+682.1%
BXP	Sell	Boston Properties	$19,420,000	-5.5%	179,234	-0.0%	0.20%	-4.8%
OHI	Sell	Omega Healthcare Investors Inc	$18,286,000	-48.1%	610,314	-37.1%	0.19%	-47.8%
APLE	Sell	Apple Hospitality REIT Inc	$17,939,000	-20.1%	1,140,427	-22.5%	0.18%	-19.3%
KIM	Buy	Kimco Realty Corp	$17,978,000	+34.1%	866,388	+34.7%	0.18%	+35.3%
CPT	Sell	Camden Property Trust	$17,611,000	+10.9%	119,422	-0.2%	0.18%	+11.8%
REG	Sell	Regency Centers Corp	$17,479,000	-84.1%	259,602	-84.8%	0.18%	-83.9%
CONE	Sell	CyrusOne	$16,801,000	-75.8%	217,045	-77.6%	0.17%	-75.6%
WPC	Buy	WP Carey Inc	$16,628,000	+0.6%	227,660	+2.7%	0.17%	+1.2%
FCPT	Buy	Four Corners Property Trust	$12,297,000	+402.3%	457,834	+416.3%	0.13%	+404.0%
CUBE	Buy	Cubesmart	$11,856,000	+4.7%	244,705	+0.1%	0.12%	+5.2%
FRT	Sell	Federal Realty Investment Trus	$10,702,000	-61.1%	90,705	-61.4%	0.11%	-60.7%
PGRE	New	Paramount Group Inc	$9,061,000	–	1,007,798	–	0.09%	–
STAG	Buy	STAG Industrial	$8,602,000	+4.9%	219,155	+0.0%	0.09%	+6.0%
HTA	Sell	Healthcare Trust of America	$8,234,000	-8.7%	277,622	-17.8%	0.08%	-8.7%
EGP	Buy	EastGroup Properties Inc	$8,237,000	+1.4%	49,431	+0.0%	0.08%	+1.2%
SRC	Buy	Spirit Realty Capital	$7,511,000	+2.1%	163,140	+6.1%	0.08%	+2.7%
AIRC	Buy	Apartment Income REIT Corp	$7,559,000	+2.9%	154,876	+0.0%	0.08%	+2.7%
NTST	Sell	NetSTREIT Corp	$7,378,000	-20.8%	311,960	-22.8%	0.08%	-20.0%
DEI	Sell	Douglas Emmett Inc	$7,448,000	-6.0%	235,620	-0.0%	0.08%	-6.2%
NNN	Buy	National Retail Properties	$7,314,000	-7.3%	169,355	+0.7%	0.08%	-6.2%
HIW	Buy	Highwoods Properties Inc	$7,116,000	-2.7%	162,253	+0.3%	0.07%	-1.4%
OFC	Buy	Corporate Office Properties Tr	$6,912,000	-0.1%	256,200	+3.7%	0.07%	+1.4%
TRNO	Buy	Terreno Realty Corp	$6,361,000	+2.2%	100,600	+4.3%	0.06%	+3.2%
SRG	Sell	Seritage Growth Properties	$5,859,000	-22.7%	395,083	-4.1%	0.06%	-22.1%
VNO	Sell	Vornado Realty Trust	$5,839,000	-10.1%	139,000	-0.1%	0.06%	-9.1%
HR	Buy	Healthcare Realty Trust	$5,053,000	-1.3%	169,688	+0.1%	0.05%	0.0%
NSA	Buy	National Storage Affiliates Tr	$4,003,000	+4.5%	75,830	+0.0%	0.04%	+5.1%
PSB	Sell	PS Business Parks Inc/CA	$3,934,000	+5.8%	25,100	-0.0%	0.04%	+5.3%
GDS	Buy	GDS Holdings Ltd - ADR	$3,881,000	-22.7%	68,548	+7.1%	0.04%	-21.6%
CXP	Sell	Columbia Property Trust	$3,138,000	-95.8%	165,000	-96.2%	0.03%	-95.8%
NEE	Sell	NEXTERA ENERGY INC	$3,023,000	+1.9%	38,500	-4.9%	0.03%	+3.3%
UE	Buy	Urban Edge Properties	$2,712,000	-4.1%	148,090	+0.1%	0.03%	-3.4%
AAT	Sell	American Assets Trust	$2,329,000	-93.4%	62,242	-93.4%	0.02%	-93.3%
RADI	Buy	Radius Global Infrastructure I	$1,837,000	+110.2%	112,500	+86.7%	0.02%	+111.1%
COR	Buy	Coresite Realty Corp	$1,385,000	+5.4%	10,000	+2.4%	0.01%	+7.7%
PDM	New	Piedmont Office Realty Trust I	$517,000	–	29,676	–	0.01%	–
SITC	Sell	SITE Centers Corp	$242,000	-99.0%	15,661	-99.0%	0.00%	-99.2%
WRI	Exit	Weingarten Realty Investment T	$0	–	-156,200	–	-0.05%	–
QTS	Exit	QTS Realty Trust	$0	–	-77,850	–	-0.06%	–
RHP	Exit	Ryman Hospitality Properties	$0	–	-649,935	–	-0.52%	–

Q2 2021

			Value		Shares		↓ Weighting
PLD	New	Prologis Trust	$767,062,000	–	6,417,318	–	7.80%	–
EQIX	New	Equinix Inc	$604,216,000	–	752,824	–	6.14%	–
INVH	New	Invitation Homes Inc	$499,949,000	–	13,407,060	–	5.08%	–
WELL	New	Welltower Inc	$465,821,000	–	5,605,537	–	4.74%	–
EQR	New	Equity Residential Properties	$315,947,000	–	4,103,210	–	3.21%	–
AVB	New	Avalon Bay Communities	$307,393,000	–	1,472,966	–	3.12%	–
UDR	New	UDR Inc	$297,814,000	–	6,080,303	–	3.03%	–
DLR	New	Digital Realty Trust Inc	$296,372,000	–	1,969,772	–	3.01%	–
SBAC	New	SBA Communications Corp	$292,791,000	–	918,701	–	2.98%	–
LSI	New	Life Storage Inc	$287,838,000	–	2,681,297	–	2.93%	–
SUI	New	Sun Communities Inc	$270,097,000	–	1,575,823	–	2.75%	–
VTR	New	Ventas Inc	$268,654,000	–	4,704,984	–	2.73%	–
ACC	New	American Campus Communities	$263,700,000	–	5,644,268	–	2.68%	–
SPG	New	Simon Property Group Inc	$232,765,000	–	1,783,917	–	2.37%	–
EXR	New	Extra Space Storage Inc	$224,893,000	–	1,372,799	–	2.29%	–
DRE	New	Duke Realty Investments Inc	$219,703,000	–	4,639,975	–	2.23%	–
ADC	New	Agree Realty Corp	$217,644,000	–	3,087,595	–	2.21%	–
BRX	New	Brixmor Property Group Inc	$194,008,000	–	8,475,691	–	1.97%	–
ESS	New	Essex Property Trust Inc	$191,488,000	–	638,273	–	1.95%	–
CUZ	New	Cousins Properties Inc	$175,641,000	–	4,775,443	–	1.79%	–
PSA	New	Public Storage Inc	$160,693,000	–	534,415	–	1.63%	–
KRC	New	Kilroy Realty Corporation	$154,541,000	–	2,219,137	–	1.57%	–
AMT	New	American Tower Corp	$148,224,000	–	548,693	–	1.51%	–
JBGS	New	JBG Smith Properties	$147,158,000	–	4,670,229	–	1.50%	–
HST	New	Host Hotels & Resorts Inc	$147,002,000	–	8,601,589	–	1.49%	–
VER	New	VEREIT Inc	$143,933,000	–	3,133,731	–	1.46%	–
COLD	New	Americold Realty Trust	$138,359,000	–	3,655,438	–	1.41%	–
REXR	New	Rexford Industrial Realty	$130,477,000	–	2,291,079	–	1.33%	–
MPW	New	Medical Properties Trust Inc	$123,547,000	–	6,146,633	–	1.26%	–
AKR	New	Acadia Realty Trust	$111,769,000	–	5,089,635	–	1.14%	–
RPAI	New	Retail Properties of America	$109,822,000	–	9,591,413	–	1.12%	–
REG	New	Regency Centers Corp	$109,708,000	–	1,712,310	–	1.12%	–
SBRA	New	Sabra Health Care REIT Inc	$105,716,000	–	5,808,547	–	1.08%	–
FR	New	First Industrial Realty Trust	$97,290,000	–	1,862,731	–	0.99%	–
VICI	New	VICI Properties Inc	$95,259,000	–	3,070,890	–	0.97%	–
MAA	New	Mid-America Apartment Communit	$83,985,000	–	498,662	–	0.85%	–
CCI	New	Crown Castle Intl Corp	$81,573,000	–	418,110	–	0.83%	–
CXP	New	Columbia Property Trust	$74,997,000	–	4,312,635	–	0.76%	–
STOR	New	Store Capital Corp	$74,668,000	–	2,163,682	–	0.76%	–
PK	New	Park Hotels & Resorts Inc	$72,342,000	–	3,510,034	–	0.74%	–
BNL	New	Broadstone Net Lease Inc	$71,695,000	–	3,062,589	–	0.73%	–
PEAK	New	Healthpeak Properties Inc	$70,623,000	–	2,121,483	–	0.72%	–
CONE	New	CyrusOne	$69,349,000	–	969,633	–	0.70%	–
MGP	New	MGM Growth Properties LLC	$67,606,000	–	1,846,150	–	0.69%	–
HPP	New	Hudson Pacific Properties	$56,445,000	–	2,028,889	–	0.57%	–
RHP	New	Ryman Hospitality Properties	$51,319,000	–	649,935	–	0.52%	–
OUT	New	Outfront Media Inc	$50,932,000	–	2,119,498	–	0.52%	–
ARE	New	Alexandria Real Estate Equitie	$47,159,000	–	259,202	–	0.48%	–
GLPI	New	Gaming and Leisure Properties	$46,390,000	–	1,001,308	–	0.47%	–
EPR	New	EPR Properties	$38,171,000	–	724,582	–	0.39%	–
AAT	New	American Assets Trust	$35,213,000	–	944,290	–	0.36%	–
OHI	New	Omega Healthcare Investors Inc	$35,236,000	–	970,960	–	0.36%	–
O	New	Realty Income Corp	$31,163,000	–	466,930	–	0.32%	–
BDN	New	Brandywine Realty Trust	$27,820,000	–	2,029,199	–	0.28%	–
FRT	New	Federal Realty Investment Trus	$27,526,000	–	234,924	–	0.28%	–
SITC	New	SITE Centers Corp	$24,582,000	–	1,632,194	–	0.25%	–
DHC	New	Diversified Healthcare Trust	$23,892,000	–	5,715,950	–	0.24%	–
AMH	New	American Homes 4 Rent	$23,015,000	–	592,418	–	0.23%	–
APLE	New	Apple Hospitality REIT Inc	$22,453,000	–	1,471,378	–	0.23%	–
WY	New	Weyerhaeuser Co	$21,173,000	–	615,133	–	0.22%	–
ELS	New	Equity Lifestyle Properties	$21,007,000	–	282,700	–	0.21%	–
BXP	New	Boston Properties	$20,541,000	–	179,260	–	0.21%	–
WPC	New	WP Carey Inc	$16,537,000	–	221,619	–	0.17%	–
CPT	New	Camden Property Trust	$15,874,000	–	119,651	–	0.16%	–
ESRT	New	Empire State Realty Trust	$14,811,000	–	1,234,263	–	0.15%	–
KIM	New	Kimco Realty Corp	$13,411,000	–	643,200	–	0.14%	–
CUBE	New	Cubesmart	$11,320,000	–	244,387	–	0.12%	–
XHR	New	Xenia Hotels & Resorts Inc	$10,681,000	–	570,269	–	0.11%	–
NTST	New	NetSTREIT Corp	$9,314,000	–	403,892	–	0.10%	–
HTA	New	Healthcare Trust of America	$9,016,000	–	337,674	–	0.09%	–
STAG	New	STAG Industrial	$8,201,000	–	219,100	–	0.08%	–
EGP	New	EastGroup Properties Inc	$8,126,000	–	49,412	–	0.08%	–
DEI	New	Douglas Emmett Inc	$7,923,000	–	235,672	–	0.08%	–
NNN	New	National Retail Properties	$7,887,000	–	168,230	–	0.08%	–
SRG	New	Seritage Growth Properties	$7,582,000	–	412,083	–	0.08%	–
SRC	New	Spirit Realty Capital	$7,358,000	–	153,802	–	0.08%	–
AIRC	New	Apartment Income REIT Corp	$7,343,000	–	154,828	–	0.08%	–
HIW	New	Highwoods Properties Inc	$7,310,000	–	161,827	–	0.07%	–
SLG	New	SL Green Realty Corp	$6,982,000	–	87,273	–	0.07%	–
OFC	New	Corporate Office Properties Tr	$6,916,000	–	247,100	–	0.07%	–
VNO	New	Vornado Realty Trust	$6,495,000	–	139,164	–	0.07%	–
TRNO	New	Terreno Realty Corp	$6,224,000	–	96,460	–	0.06%	–
QTS	New	QTS Realty Trust	$6,018,000	–	77,850	–	0.06%	–
HR	New	Healthcare Realty Trust	$5,117,000	–	169,453	–	0.05%	–
WRI	New	Weingarten Realty Investment T	$5,009,000	–	156,200	–	0.05%	–
GDS	New	GDS Holdings Ltd - ADR	$5,023,000	–	64,000	–	0.05%	–
DOC	New	Physicians Realty Trust	$4,778,000	–	258,700	–	0.05%	–
LXP	New	Lexington Realty Trust	$4,015,000	–	336,000	–	0.04%	–
NSA	New	National Storage Affiliates Tr	$3,832,000	–	75,800	–	0.04%	–
PSB	New	PS Business Parks Inc/CA	$3,719,000	–	25,112	–	0.04%	–
NEE	New	NEXTERA ENERGY INC	$2,968,000	–	40,500	–	0.03%	–
UE	New	Urban Edge Properties	$2,827,000	–	148,000	–	0.03%	–
ROIC	New	Retail Opportunity Investments	$2,708,000	–	153,360	–	0.03%	–
FCPT	New	Four Corners Property Trust	$2,448,000	–	88,680	–	0.02%	–
WRE	New	Washington REIT	$2,351,000	–	102,200	–	0.02%	–
KRG	New	Kite Realty Group Trust	$2,408,000	–	109,400	–	0.02%	–
IRT	New	Independence Realty Trust Inc	$1,823,000	–	100,000	–	0.02%	–
COR	New	Coresite Realty Corp	$1,314,000	–	9,763	–	0.01%	–
AIV	New	Apartment Investment and Manag	$1,039,000	–	154,828	–	0.01%	–
AHH	New	Armada Hoffler Properties	$869,000	–	65,400	–	0.01%	–
RADI	New	Radius Global Infrastructure I	$874,000	–	60,250	–	0.01%	–

Q4 2020

			Value		Shares		↓ Weighting
PCG	Exit	P G & E CORP	$0	–	-1,510	–	0.00%	–
OPI	Exit	Office Properties Income Trust	$0	–	-400	–	0.00%	–
PGRE	Exit	Paramount Group Inc	$0	–	-1,464	–	0.00%	–
NI	Exit	NISOURCE INC	$0	–	-1,520	–	0.00%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-160	–	0.00%	–
PNM	Exit	PNM RESOURCES INC	$0	–	-630	–	0.00%	–
EIX	Exit	EDISON INTERNATIONAL	$0	–	-420	–	0.00%	–
OGE	Exit	OGE ENERGY CORP	$0	–	-930	–	0.00%	–
SITC	Exit	SITE Centers Corp	$0	–	-1,271	–	0.00%	–
BKH	Exit	BLACK HILLS CORP	$0	–	-510	–	0.00%	–
ALEX	Exit	Alexander & Baldwin Inc	$0	–	-484	–	0.00%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-880	–	0.00%	–
ILPT	Exit	Industrial Logistics Properties Trust	$0	–	-446	–	0.00%	–
EGP	Exit	EastGroup Properties Inc	$0	–	-66	–	0.00%	–
VICI	Exit	VICI Properties Inc	$0	–	-919	–	0.00%	–
CTRE	Exit	CareTrust REIT Inc	$0	–	-17	–	0.00%	–
AEP	Exit	AMERICAN ELECTRIC POWER	$0	–	-380	–	0.00%	–
GNL	Exit	Global Net Lease Inc	$0	–	-552	–	0.00%	–
POR	Exit	PORTLAND GENERAL ELECTRIC CO	$0	–	-140	–	0.00%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-4,790	–	-0.00%	–
SRE	Exit	SEMPRA ENERGY	$0	–	-480	–	-0.00%	–
D	Exit	DOMINION ENERGY INC	$0	–	-815	–	-0.00%	–
CNP	Exit	CENTERPOINT ENERGY	$0	–	-2,130	–	-0.00%	–
LNT	Exit	ALLIANT ENERGY CORP	$0	–	-1,250	–	-0.00%	–
OKE	Exit	ONEOK INC	$0	–	-1,550	–	-0.00%	–
EVRG	Exit	EVERGY INC	$0	–	-670	–	-0.00%	–
ETR	Exit	ENTERGY CORP	$0	–	-880	–	-0.00%	–
AEE	Exit	AMEREN CORPORATION	$0	–	-840	–	-0.00%	–
WTRG	Exit	ESSENTIAL UTILITIES INC	$0	–	-1,235	–	-0.00%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GP	$0	–	-1,310	–	-0.00%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-1,030	–	-0.00%	–
SO	Exit	SOUTHERN CO/THE	$0	–	-2,460	–	-0.00%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-1,420	–	-0.00%	–
WY	Exit	Weyerhauser Co	$0	–	-3,673	–	-0.00%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-640	–	-0.00%	–
AHH	Exit	Armada Hoffler Properties	$0	–	-65,400	–	-0.01%	–
SHO	Exit	Sunstone Hotel Investors Inc	$0	–	-86,806	–	-0.01%	–
AKR	Exit	Acadia Realty Trust	$0	–	-110,180	–	-0.02%	–
NTST	Exit	NetSTREIT Corp	$0	–	-71,482	–	-0.02%	–
KRG	Exit	Kite Realty Group Trust	$0	–	-109,400	–	-0.02%	–
WRE	Exit	Washington REIT	$0	–	-102,255	–	-0.03%	–
PDM	Exit	Piedmont Office Realty Trust Inc	$0	–	-162,650	–	-0.03%	–
COR	Exit	Coresite Realty Corp	$0	–	-20,012	–	-0.04%	–
BDN	Exit	Brandywine Realty Trust	$0	–	-225,650	–	-0.04%	–
IRT	Exit	Independence Realty Trust Inc	$0	–	-211,708	–	-0.04%	–
NSA	Exit	National Storage Affiliates Trust	$0	–	-75,800	–	-0.04%	–
KIM	Exit	Kimco Realty Corp	$0	–	-311,423	–	-0.05%	–
HIW	Exit	Highwoods Properties Inc	$0	–	-130,833	–	-0.06%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-16,038	–	-0.07%	–
DOC	Exit	Physicians Realty Trust	$0	–	-258,801	–	-0.07%	–
XHR	Exit	Xenia Hotels & Resorts Inc	$0	–	-544,112	–	-0.07%	–
HR	Exit	Healthcare Realty Trust	$0	–	-169,040	–	-0.08%	–
SRC	Exit	Spirit Realty Capital	$0	–	-153,159	–	-0.08%	–
GDS	Exit	GDS Holdings Ltd - ADRadr	$0	–	-66,000	–	-0.08%	–
NNN	Exit	National Retail Properties	$0	–	-167,083	–	-0.09%	–
AIV	Exit	Apartment Investment and Management Co	$0	–	-189,704	–	-0.10%	–
PSB	Exit	PS Business Parks Inc/CA	$0	–	-56,403	–	-0.10%	–
DHC	Exit	Diversified Healthcare Trust	$0	–	-2,023,157	–	-0.11%	–
FRT	Exit	Federal Realty Investment Trust	$0	–	-97,905	–	-0.11%	–
VNO	Exit	Vornado Realty Trust	$0	–	-223,208	–	-0.11%	–
TRNO	Exit	Terreno Realty Corp	$0	–	-145,930	–	-0.12%	–
OFC	Exit	Corporate Office Properties Trust	$0	–	-345,930	–	-0.12%	–
DRH	Exit	DiamondRock Hospitality Co	$0	–	-1,625,948	–	-0.12%	–
QTS	Exit	QTS Realty Trust	$0	–	-133,318	–	-0.12%	–
HPP	Exit	Hudson Pacific Properties	$0	–	-395,084	–	-0.13%	–
ADC	Exit	Agree Realty Corp	$0	–	-140,107	–	-0.13%	–
CPT	Exit	Camden Property Trust	$0	–	-119,228	–	-0.16%	–
AAT	Exit	American Assets Trust	$0	–	-874,195	–	-0.31%	–
UE	Exit	Urban Edge Properties	$0	–	-2,334,963	–	-0.34%	–
ACC	Exit	American Campus Communities	$0	–	-693,836	–	-0.36%	–
SLG	Exit	SL Green Realty Corp	$0	–	-539,557	–	-0.37%	–
GLPI	Exit	Gaming and Leisure Properties Inc	$0	–	-753,028	–	-0.41%	–
WRI	Exit	Weingarten Realty Investment Trust	$0	–	-1,672,197	–	-0.42%	–
RHP	Exit	Ryman Hospitality Properties	$0	–	-851,357	–	-0.47%	–
CXP	Exit	Columbia Property Trust	$0	–	-2,961,770	–	-0.48%	–
PSA	Exit	Public Storage Inc	$0	–	-146,104	–	-0.48%	–
SBRA	Exit	Sabra Health Care REIT Inc	$0	–	-2,424,757	–	-0.50%	–
BXP	Exit	Boston Properties	$0	–	-433,600	–	-0.52%	–
ROIC	Exit	Retail Opportunity Investments Corp	$0	–	-3,461,351	–	-0.54%	–
OUT	Exit	Outfront Media Inc	$0	–	-2,546,030	–	-0.55%	–
ESRT	Exit	Empire State Realty Trust	$0	–	-6,323,843	–	-0.58%	–
ESS	Exit	Essex Property Trust Inc	$0	–	-193,806	–	-0.58%	–
BNL	Exit	Broadstone Net Lease Inc	$0	–	-2,615,464	–	-0.65%	–
DEI	Exit	Douglas Emmett Inc	$0	–	-1,753,981	–	-0.66%	–
CCI	Exit	Crown Castle Intl Corp	$0	–	-267,658	–	-0.66%	–
FR	Exit	First Industrial Realty Trust	$0	–	-1,158,365	–	-0.69%	–
APLE	Exit	Apple Hospitality REIT Inc	$0	–	-5,089,556	–	-0.73%	–
CONE	Exit	CyrusOne	$0	–	-763,377	–	-0.80%	–
AMH	Exit	American Homes 4 Rent	$0	–	-1,894,871	–	-0.80%	–
IRM	Exit	Iron Mountain Inc	$0	–	-2,075,135	–	-0.83%	–
HTA	Exit	Healthcare Trust of America	$0	–	-2,254,748	–	-0.87%	–
ELS	Exit	Equity Lifestyle Properties	$0	–	-968,392	–	-0.88%	–
STAG	Exit	STAG Industrial	$0	–	-2,081,913	–	-0.94%	–
REXR	Exit	Rexford Industrial Realty	$0	–	-1,405,157	–	-0.96%	–
BRX	Exit	Brixmor Property Group Inc	$0	–	-5,544,611	–	-0.96%	–
ARE	Exit	Alexandria Real Estate Equities	$0	–	-405,471	–	-0.96%	–
RPAI	Exit	Retail Properties of America	$0	–	-13,104,571	–	-1.13%	–
SUI	Exit	Sun Communities Inc	$0	–	-549,823	–	-1.15%	–
STOR	Exit	Store Capital Corp	$0	–	-2,842,870	–	-1.16%	–
MPW	Exit	Medical Properties Trust Inc	$0	–	-4,455,046	–	-1.17%	–
HST	Exit	Host Hotels & Resorts Inc	$0	–	-7,351,239	–	-1.18%	–
REG	Exit	Regency Centers Corp	$0	–	-2,235,784	–	-1.26%	–
WPC	Exit	WP Carey Inc	$0	–	-1,424,857	–	-1.38%	–
EXR	Exit	Extra Space Storage Inc	$0	–	-887,987	–	-1.41%	–
KRC	Exit	Kilroy Realty Corporation	$0	–	-1,842,732	–	-1.42%	–
CUZ	Exit	Cousins Properties Inc	$0	–	-3,479,375	–	-1.48%	–
COLD	Exit	Americold Realty Trust	$0	–	-3,048,407	–	-1.62%	–
SPG	Exit	Simon Property Group Inc	$0	–	-1,714,147	–	-1.65%	–
DRE	Exit	Duke Realty Investments Inc	$0	–	-3,500,647	–	-1.92%	–
VTR	Exit	Ventas Inc	$0	–	-3,124,490	–	-1.95%	–
JBGS	Exit	JBG Smith Properties	$0	–	-5,093,369	–	-2.03%	–
WELL	Exit	Welltower Inc	$0	–	-2,486,863	–	-2.04%	–
LSI	Exit	Life Storage Inc	$0	–	-1,329,793	–	-2.08%	–
UDR	Exit	UDR Inc	$0	–	-4,298,795	–	-2.08%	–
AVB	Exit	Avalon Bay Communities	$0	–	-948,281	–	-2.11%	–
VER	Exit	VEREIT Inc	$0	–	-24,035,402	–	-2.32%	–
CUBE	Exit	Cubesmart	$0	–	-5,541,294	–	-2.66%	–
SBAC	Exit	SBA Communications Corp	$0	–	-581,355	–	-2.75%	–
O	Exit	Realty Income Corp	$0	–	-3,169,340	–	-2.86%	–
AMT	Exit	American Tower Corp	$0	–	-833,402	–	-3.00%	–
EQR	Exit	Equity Residential Properties Trust	$0	–	-4,259,986	–	-3.25%	–
MAA	Exit	Mid-America Apartment Communities Inc	$0	–	-1,964,445	–	-3.39%	–
PEAK	Exit	Healthpeak Properties Inc	$0	–	-9,960,875	–	-4.02%	–
DLR	Exit	Digital Realty Trust Inc	$0	–	-2,182,953	–	-4.77%	–
INVH	Exit	Invitation Homes Inc	$0	–	-12,197,519	–	-5.08%	–
EQIX	Exit	Equinix Inc	$0	–	-577,834	–	-6.53%	–
PLD	Exit	Prologis Trust	$0	–	-5,642,488	–	-8.44%	–

Q3 2020

			Value		Shares		↓ Weighting
PLD	Sell	Prologis Trust	$567,747,000	+4.0%	5,642,488	-3.5%	8.44%	+5.1%
EQIX	Sell	Equinix Inc	$439,229,000	+5.2%	577,834	-2.8%	6.53%	+6.3%
INVH	Buy	Invitation Homes Inc	$341,409,000	+7.5%	12,197,519	+5.8%	5.08%	+8.6%
DLR	Buy	Digital Realty Trust Inc	$320,370,000	+12.2%	2,182,953	+8.6%	4.77%	+13.3%
PEAK	Buy	Healthpeak Properties Inc	$270,438,000	+3.4%	9,960,875	+5.0%	4.02%	+4.5%
MAA	Buy	Mid-America Apartment Communities Inc	$227,778,000	+38.5%	1,964,445	+37.0%	3.39%	+39.9%
EQR	Sell	Equity Residential Properties Trust	$218,665,000	-18.5%	4,259,986	-6.6%	3.25%	-17.6%
AMT	Buy	American Tower Corp	$201,459,000	-3.5%	833,402	+3.2%	3.00%	-2.5%
O	Buy	Realty Income Corp	$192,536,000	+14.2%	3,169,340	+11.9%	2.86%	+15.4%
SBAC	Sell	SBA Communications Corp	$185,150,000	-7.7%	581,355	-13.7%	2.75%	-6.8%
CUBE	Buy	Cubesmart	$179,039,000	+27.4%	5,541,294	+6.4%	2.66%	+28.6%
VER	Buy	VEREIT Inc	$156,230,000	+7.9%	24,035,402	+6.7%	2.32%	+9.0%
AVB	Buy	Avalon Bay Communities	$141,617,000	-1.4%	948,281	+2.1%	2.11%	-0.4%
UDR	Sell	UDR Inc	$140,184,000	-13.0%	4,298,795	-0.3%	2.08%	-12.2%
LSI	Buy	Life Storage Inc	$139,986,000	+66.3%	1,329,793	+50.0%	2.08%	+67.9%
WELL	Sell	Welltower Inc	$137,001,000	+0.2%	2,486,863	-5.9%	2.04%	+1.2%
JBGS	Buy	JBG Smith Properties	$136,196,000	-0.7%	5,093,369	+9.9%	2.03%	+0.3%
VTR	Sell	Ventas Inc	$131,104,000	-21.9%	3,124,490	-31.9%	1.95%	-21.1%
DRE	Buy	Duke Realty Investments Inc	$129,174,000	+21.5%	3,500,647	+16.5%	1.92%	+22.7%
SPG	Buy	Simon Property Group Inc	$110,871,000	+37.6%	1,714,147	+45.5%	1.65%	+39.0%
COLD	Sell	Americold Realty Trust	$108,981,000	-15.4%	3,048,407	-14.1%	1.62%	-14.5%
CUZ	Buy	Cousins Properties Inc	$99,475,000	+25.0%	3,479,375	+30.4%	1.48%	+26.3%
KRC	Buy	Kilroy Realty Corporation	$95,748,000	+8.8%	1,842,732	+23.0%	1.42%	+10.0%
EXR	Sell	Extra Space Storage Inc	$95,005,000	-17.9%	887,987	-29.1%	1.41%	-17.1%
WPC	Sell	WP Carey Inc	$92,844,000	-27.0%	1,424,857	-24.2%	1.38%	-26.2%
REG	Buy	Regency Centers Corp	$85,004,000	+47.8%	2,235,784	+78.5%	1.26%	+49.2%
HST	Sell	Host Hotels & Resorts Inc	$79,320,000	-16.5%	7,351,239	-16.5%	1.18%	-15.6%
MPW	Buy	Medical Properties Trust Inc	$78,542,000	-2.6%	4,455,046	+3.8%	1.17%	-1.7%
STOR	Sell	Store Capital Corp	$77,979,000	+14.5%	2,842,870	-0.6%	1.16%	+15.7%
SUI	Sell	Sun Communities Inc	$77,311,000	-46.6%	549,823	-48.5%	1.15%	-46.1%
RPAI	Sell	Retail Properties of America	$76,137,000	-27.1%	13,104,571	-8.1%	1.13%	-26.3%
ARE	Buy	Alexandria Real Estate Equities	$64,875,000	+8.6%	405,471	+10.1%	0.96%	+9.7%
BRX	Sell	Brixmor Property Group Inc	$64,817,000	-14.5%	5,544,611	-6.2%	0.96%	-13.6%
REXR	Sell	Rexford Industrial Realty	$64,299,000	-6.7%	1,405,157	-15.6%	0.96%	-5.8%
STAG	Sell	STAG Industrial	$63,477,000	-35.4%	2,081,913	-37.9%	0.94%	-34.8%
ELS	Buy	Equity Lifestyle Properties	$59,363,000	+111.2%	968,392	+115.3%	0.88%	+113.3%
HTA	Sell	Healthcare Trust of America	$58,624,000	-2.7%	2,254,748	-0.8%	0.87%	-1.7%
IRM	Sell	Iron Mountain Inc	$55,592,000	-18.3%	2,075,135	-20.4%	0.83%	-17.5%
AMH	Sell	American Homes 4 Rent	$53,966,000	-5.5%	1,894,871	-10.7%	0.80%	-4.5%
CONE	Sell	CyrusOne	$53,459,000	-31.2%	763,377	-28.6%	0.80%	-30.6%
APLE	Buy	Apple Hospitality REIT Inc	$48,911,000	+23.0%	5,089,556	+23.6%	0.73%	+24.2%
FR	Buy	First Industrial Realty Trust	$46,103,000	+462.8%	1,158,365	+443.5%	0.69%	+466.9%
CCI	Sell	Crown Castle Intl Corp	$44,565,000	-0.6%	267,658	-0.1%	0.66%	+0.5%
DEI	Buy	Douglas Emmett Inc	$44,025,000	+19.2%	1,753,981	+45.6%	0.66%	+20.4%
BNL	New	Broadstone Net Lease Inc	$43,888,000	–	2,615,464	–	0.65%	–
ESS	Buy	Essex Property Trust Inc	$38,914,000	+80.0%	193,806	+105.5%	0.58%	+82.1%
ESRT	Buy	Empire State Realty Trust	$38,703,000	-5.2%	6,323,843	+8.4%	0.58%	-4.2%
OUT	New	Outfront Media Inc	$37,045,000	–	2,546,030	–	0.55%	–
ROIC	Sell	Retail Opportunity Investments Corp	$36,049,000	-37.6%	3,461,351	-32.1%	0.54%	-37.0%
BXP	Sell	Boston Properties	$34,818,000	-79.1%	433,600	-76.4%	0.52%	-78.9%
SBRA	Sell	Sabra Health Care REIT Inc	$33,426,000	-47.0%	2,424,757	-44.5%	0.50%	-46.5%
PSA	Sell	Public Storage Inc	$32,540,000	-39.8%	146,104	-48.1%	0.48%	-39.2%
CXP	Buy	Columbia Property Trust	$32,313,000	-5.5%	2,961,770	+13.9%	0.48%	-4.4%
RHP	Sell	Ryman Hospitality Properties	$31,330,000	-5.0%	851,357	-10.7%	0.47%	-4.1%
WRI	Buy	Weingarten Realty Investment Trust	$28,360,000	+858.8%	1,672,197	+970.1%	0.42%	+859.1%
GLPI	Buy	Gaming and Leisure Properties Inc	$27,809,000	+13.7%	753,028	+6.5%	0.41%	+15.0%
SLG	Sell	SL Green Realty Corp	$25,019,000	-19.4%	539,557	-14.3%	0.37%	-18.6%
ACC	Sell	American Campus Communities	$24,229,000	-33.3%	693,836	-33.2%	0.36%	-32.7%
UE	Sell	Urban Edge Properties	$22,696,000	-34.7%	2,334,963	-20.2%	0.34%	-33.9%
AAT	Buy	American Assets Trust	$21,059,000	+694.7%	874,195	+818.5%	0.31%	+702.6%
CPT	Sell	Camden Property Trust	$10,609,000	-2.5%	119,228	-0.0%	0.16%	-1.2%
ADC	Buy	Agree Realty Corp	$8,916,000	+55.3%	140,107	+60.3%	0.13%	+56.5%
HPP	Buy	Hudson Pacific Properties	$8,664,000	-4.1%	395,084	+10.0%	0.13%	-3.0%
QTS	Sell	QTS Realty Trust	$8,402,000	-26.6%	133,318	-25.4%	0.12%	-26.0%
DRH	Sell	DiamondRock Hospitality Co	$8,244,000	-41.3%	1,625,948	-36.0%	0.12%	-40.6%
OFC	Sell	Corporate Office Properties Trust	$8,205,000	-19.6%	345,930	-14.1%	0.12%	-18.7%
TRNO	Buy	Terreno Realty Corp	$7,991,000	+4.1%	145,930	+0.1%	0.12%	+5.3%
VNO	Buy	Vornado Realty Trust	$7,524,000	-11.7%	223,208	+0.1%	0.11%	-10.4%
FRT	Sell	Federal Realty Investment Trust	$7,190,000	-25.8%	97,905	-13.9%	0.11%	-25.2%
DHC	Buy	Diversified Healthcare Trust	$7,122,000	+0.7%	2,023,157	+26.5%	0.11%	+1.9%
PSB	Buy	PS Business Parks Inc/CA	$6,903,000	+47.6%	56,403	+59.6%	0.10%	+49.3%
AIV	Sell	Apartment Investment and Management Co	$6,397,000	-90.7%	189,704	-89.6%	0.10%	-90.6%
NNN	Buy	National Retail Properties	$5,766,000	-2.7%	167,083	+0.0%	0.09%	-1.1%
GDS	Sell	GDS Holdings Ltd - ADRadr	$5,401,000	-1.7%	66,000	-4.3%	0.08%	-1.2%
SRC	Buy	Spirit Realty Capital	$5,169,000	+43.5%	153,159	+48.3%	0.08%	+45.3%
XHR	Sell	Xenia Hotels & Resorts Inc	$4,777,000	-58.2%	544,112	-55.5%	0.07%	-57.7%
DOC	Buy	Physicians Realty Trust	$4,635,000	+2.3%	258,801	+0.0%	0.07%	+3.0%
NEE	Sell	NEXTERA ENERGY INC	$4,452,000	+10.4%	16,038	-4.5%	0.07%	+11.9%
HIW	Buy	Highwoods Properties Inc	$4,392,000	-10.1%	130,833	+0.0%	0.06%	-9.7%
KIM	Buy	Kimco Realty Corp	$3,507,000	+175250.0%	311,423	+176844.9%	0.05%	–
NSA	Sell	National Storage Affiliates Trust	$2,479,000	+14.0%	75,800	-0.1%	0.04%	+15.6%
IRT	Buy	Independence Realty Trust Inc	$2,453,000	+24430.0%	211,708	+23767.9%	0.04%	–
COR	Sell	Coresite Realty Corp	$2,379,000	-38.9%	20,012	-37.8%	0.04%	-38.6%
BDN	Sell	Brandywine Realty Trust	$2,333,000	-5.2%	225,650	-0.1%	0.04%	-2.8%
PDM	Sell	Piedmont Office Realty Trust Inc	$2,207,000	-18.3%	162,650	-0.0%	0.03%	-17.5%
WRE	Buy	Washington REIT	$2,058,000	-9.3%	102,255	+0.0%	0.03%	-6.1%
NTST	New	NetSTREIT Corp	$1,305,000	–	71,482	–	0.02%	–
SHO	Buy	Sunstone Hotel Investors Inc	$689,000	+520.7%	86,806	+538.9%	0.01%	+400.0%
DUK	Buy	DUKE ENERGY CORP	$126,000	+63.6%	1,420	+46.4%	0.00%	+100.0%
UNP	Sell	UNION PACIFIC CORP	$126,000	+9.6%	640	-5.7%	0.00%	0.0%
SO	Buy	SOUTHERN CO/THE	$133,000	+14.7%	2,460	+10.3%	0.00%	0.0%
WY	Buy	Weyerhauser Co	$105,000	+218.2%	3,673	+153.3%	0.00%	–
OKE	New	ONEOK INC	$40,000	–	1,550	–	0.00%	–
PEG	Buy	PUBLIC SERVICE ENTERPRISE GP	$72,000	+140.0%	1,310	+114.8%	0.00%	–
KMI	Buy	KINDER MORGAN INC	$59,000	-1.7%	4,790	+21.9%	0.00%	0.0%
ES	Buy	EVERSOURCE ENERGY	$86,000	+17.8%	1,030	+18.1%	0.00%	0.0%
WTRG	Buy	ESSENTIAL UTILITIES INC	$50,000	+257.1%	1,235	+263.2%	0.00%	–
ETR	Buy	ENTERGY CORP	$87,000	+58.2%	880	+49.2%	0.00%	0.0%
D	Sell	DOMINION ENERGY INC	$64,000	-14.7%	815	-11.9%	0.00%	0.0%
CNP	Buy	CENTERPOINT ENERGY	$41,000	+156.2%	2,130	+147.7%	0.00%	–
AEE	Buy	AMEREN CORPORATION	$66,000	+288.2%	840	+257.4%	0.00%	–
LNT	Buy	ALLIANT ENERGY CORP	$65,000	+47.7%	1,250	+37.4%	0.00%	0.0%
IDA	Exit	IDACORP INC	$0	–	-80	–	0.00%	–
EGP	New	EastGroup Properties Inc	$9,000	–	66	–	0.00%	–
KSU	New	KANSAS CITY SOUTHERN	$29,000	–	160	–	0.00%	–
OGE	New	OGE ENERGY CORP	$28,000	–	930	–	0.00%	–
TRGP	Exit	TARGA RESOURCES CORP	$0	–	-1,320	–	0.00%	–
POR	New	PORTLAND GENERAL ELECTRIC CO	$5,000	–	140	–	0.00%	–
PGRE	Buy	Paramount Group Inc	$10,000	-9.1%	1,464	+0.8%	0.00%	–
GNL	New	Global Net Lease Inc	$9,000	–	552	–	0.00%	–
FE	Sell	FIRSTENERGY CORP	$25,000	-62.1%	880	-48.5%	0.00%	-100.0%
SITC	Buy	SITE Centers Corp	$9,000	+12.5%	1,271	+22.4%	0.00%	–
ILPT	Sell	Industrial Logistics Properties Trust	$10,000	0.0%	446	-5.5%	0.00%	–
FCPT	Exit	Four Corners Property Trust	$0	–	-53	–	0.00%	–
EIX	Sell	EDISON INTERNATIONAL	$21,000	-56.2%	420	-52.3%	0.00%	-100.0%
OPI	Buy	Office Properties Income Trust	$8,000	+700.0%	400	+852.4%	0.00%	–
VICI	Buy	VICI Properties Inc	$21,000	+75.0%	919	+56.3%	0.00%	–
BKH	Buy	BLACK HILLS CORP	$27,000	+145.5%	510	+168.4%	0.00%	–
AEP	Sell	AMERICAN ELECTRIC POWER	$31,000	-20.5%	380	-22.4%	0.00%	-100.0%
PNM	Buy	PNM RESOURCES INC	$26,000	+73.3%	630	+57.5%	0.00%	–
CLI	Exit	Mack Cali Realty Corporation	$0	–	-70	–	0.00%	–
PCG	Buy	P G & E CORP	$14,000	+100.0%	1,510	+86.4%	0.00%	–
ALEX	New	Alexander & Baldwin Inc	$5,000	–	484	–	0.00%	–
PNW	Exit	PINNACLE WEST CAPITAL	$0	–	-260	–	0.00%	–
MAC	Exit	Macerich Company	$0	–	-7	–	0.00%	–
RPT	Exit	RPT Realty	$0	–	-713	–	0.00%	–
PPL	Exit	PPL CORPORATION	$0	–	-570	–	0.00%	–
WEC	Exit	WEC ENERGY	$0	–	-280	–	0.00%	–
NXRT	Exit	NexPoint Residential Trust Inc	$0	–	-33	–	0.00%	–
AFIN	Exit	American Finance Trust Inc	$0	–	-1,193	–	0.00%	–
CMS	Exit	CMS ENERGY CORP	$0	–	-740	–	-0.00%	–
DTE	Exit	DTE ENERGY COMPANY	$0	–	-330	–	-0.00%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-320	–	-0.00%	–
AWK	Exit	AMERICAN WATER WORKS CO INC	$0	–	-405	–	-0.00%	–
WMB	Exit	WILLIAMS COS INC	$0	–	-3,460	–	-0.00%	–
PK	Exit	Park Hotels & Resorts Inc	$0	–	-205,494	–	-0.03%	–

Q2 2020

			Value		Shares		↓ Weighting
PLD	New	Prologis Trust	$545,723,000	–	5,847,241	–	8.04%	–
EQIX	New	Equinix Inc	$417,497,000	–	594,470	–	6.15%	–
INVH	New	Invitation Homes Inc	$317,474,000	–	11,531,936	–	4.68%	–
DLR	New	Digital Realty Trust Inc	$285,533,000	–	2,009,237	–	4.20%	–
EQR	New	Equity Residential Properties Trust	$268,207,000	–	4,559,794	–	3.95%	–
PEAK	New	Healthpeak Properties Inc	$261,428,000	–	9,485,769	–	3.85%	–
AMT	New	American Tower Corp	$208,733,000	–	807,348	–	3.07%	–
SBAC	New	SBA Communications Corp	$200,593,000	–	673,313	–	2.95%	–
O	New	Realty Income Corp	$168,544,000	–	2,832,682	–	2.48%	–
VTR	New	Ventas Inc	$167,964,000	–	4,586,689	–	2.47%	–
BXP	New	Boston Properties	$166,351,000	–	1,840,577	–	2.45%	–
MAA	New	Mid-America Apartment Communities Inc	$164,470,000	–	1,434,285	–	2.42%	–
UDR	New	UDR Inc	$161,197,000	–	4,312,352	–	2.37%	–
SUI	New	Sun Communities Inc	$144,899,000	–	1,067,953	–	2.13%	–
VER	New	VEREIT Inc	$144,787,000	–	22,517,302	–	2.13%	–
AVB	New	Avalon Bay Communities	$143,601,000	–	928,607	–	2.12%	–
CUBE	New	Cubesmart	$140,559,000	–	5,207,819	–	2.07%	–
JBGS	New	JBG Smith Properties	$137,096,000	–	4,636,327	–	2.02%	–
WELL	New	Welltower Inc	$136,710,000	–	2,641,740	–	2.01%	–
COLD	New	Americold Realty Trust	$128,828,000	–	3,548,964	–	1.90%	–
WPC	New	WP Carey Inc	$127,123,000	–	1,879,144	–	1.87%	–
EXR	New	Extra Space Storage Inc	$115,700,000	–	1,252,578	–	1.70%	–
DRE	New	Duke Realty Investments Inc	$106,335,000	–	3,004,683	–	1.57%	–
RPAI	New	Retail Properties of America	$104,373,000	–	14,258,561	–	1.54%	–
STAG	New	STAG Industrial	$98,297,000	–	3,352,582	–	1.45%	–
HST	New	Host Hotels & Resorts Inc	$94,955,000	–	8,800,285	–	1.40%	–
KRC	New	Kilroy Realty Corporation	$87,965,000	–	1,498,553	–	1.30%	–
LSI	New	Life Storage Inc	$84,180,000	–	886,574	–	1.24%	–
MPW	New	Medical Properties Trust Inc	$80,672,000	–	4,291,070	–	1.19%	–
SPG	New	Simon Property Group Inc	$80,564,000	–	1,178,189	–	1.19%	–
CUZ	New	Cousins Properties Inc	$79,578,000	–	2,667,709	–	1.17%	–
CONE	New	CyrusOne	$77,743,000	–	1,068,637	–	1.14%	–
BRX	New	Brixmor Property Group Inc	$75,766,000	–	5,909,950	–	1.12%	–
AIV	New	Apartment Investment and Management Co	$68,895,000	–	1,830,374	–	1.02%	–
REXR	New	Rexford Industrial Realty	$68,945,000	–	1,664,137	–	1.02%	–
STOR	New	Store Capital Corp	$68,131,000	–	2,861,457	–	1.00%	–
IRM	New	Iron Mountain Inc	$68,081,000	–	2,608,467	–	1.00%	–
SBRA	New	Sabra Health Care REIT Inc	$63,063,000	–	4,370,294	–	0.93%	–
HTA	New	Healthcare Trust of America	$60,252,000	–	2,271,973	–	0.89%	–
ARE	New	Alexandria Real Estate Equities	$59,745,000	–	368,228	–	0.88%	–
ROIC	New	Retail Opportunity Investments Corp	$57,786,000	–	5,100,189	–	0.85%	–
REG	New	Regency Centers Corp	$57,495,000	–	1,252,890	–	0.85%	–
AMH	New	American Homes 4 Rent	$57,082,000	–	2,122,000	–	0.84%	–
PSA	New	Public Storage Inc	$54,066,000	–	281,757	–	0.80%	–
CCI	New	Crown Castle Intl Corp	$44,847,000	–	267,980	–	0.66%	–
ESRT	New	Empire State Realty Trust	$40,823,000	–	5,832,006	–	0.60%	–
APLE	New	Apple Hospitality REIT Inc	$39,772,000	–	4,117,075	–	0.59%	–
DEI	New	Douglas Emmett Inc	$36,930,000	–	1,204,513	–	0.54%	–
ACC	New	American Campus Communities	$36,322,000	–	1,038,969	–	0.54%	–
UE	New	Urban Edge Properties	$34,733,000	–	2,926,120	–	0.51%	–
CXP	New	Columbia Property Trust	$34,182,000	–	2,601,348	–	0.50%	–
RHP	New	Ryman Hospitality Properties	$32,971,000	–	952,921	–	0.49%	–
SLG	New	SL Green Realty Corp	$31,046,000	–	629,880	–	0.46%	–
ELS	New	Equity Lifestyle Properties	$28,109,000	–	449,890	–	0.41%	–
GLPI	New	Gaming and Leisure Properties Inc	$24,467,000	–	707,130	–	0.36%	–
ESS	New	Essex Property Trust Inc	$21,613,000	–	94,310	–	0.32%	–
DRH	New	DiamondRock Hospitality Co	$14,051,000	–	2,540,863	–	0.21%	–
QTS	New	QTS Realty Trust	$11,448,000	–	178,630	–	0.17%	–
XHR	New	Xenia Hotels & Resorts Inc	$11,417,000	–	1,223,629	–	0.17%	–
CPT	New	Camden Property Trust	$10,879,000	–	119,264	–	0.16%	–
OFC	New	Corporate Office Properties Trust	$10,211,000	–	402,940	–	0.15%	–
FRT	New	Federal Realty Investment Trust	$9,691,000	–	113,728	–	0.14%	–
HPP	New	Hudson Pacific Properties	$9,033,000	–	359,029	–	0.13%	–
VNO	New	Vornado Realty Trust	$8,521,000	–	222,998	–	0.12%	–
FR	New	First Industrial Realty Trust	$8,192,000	–	213,117	–	0.12%	–
TRNO	New	Terreno Realty Corp	$7,676,000	–	145,822	–	0.11%	–
DHC	New	Diversified Healthcare Trust	$7,074,000	–	1,598,920	–	0.10%	–
NNN	New	National Retail Properties	$5,926,000	–	167,019	–	0.09%	–
ADC	New	Agree Realty Corp	$5,742,000	–	87,380	–	0.08%	–
GDS	New	GDS Holdings Ltd - ADRadr	$5,497,000	–	69,000	–	0.08%	–
HR	New	Healthcare Realty Trust	$4,951,000	–	169,040	–	0.07%	–
HIW	New	Highwoods Properties Inc	$4,884,000	–	130,831	–	0.07%	–
PSB	New	PS Business Parks Inc/CA	$4,678,000	–	35,330	–	0.07%	–
DOC	New	Physicians Realty Trust	$4,532,000	–	258,700	–	0.07%	–
NEE	New	NEXTERA ENERGY INC	$4,032,000	–	16,788	–	0.06%	–
COR	New	Coresite Realty Corp	$3,895,000	–	32,172	–	0.06%	–
SRC	New	Spirit Realty Capital	$3,601,000	–	103,307	–	0.05%	–
WRI	New	Weingarten Realty Investment Trust	$2,958,000	–	156,264	–	0.04%	–
PDM	New	Piedmont Office Realty Trust Inc	$2,703,000	–	162,718	–	0.04%	–
AAT	New	American Assets Trust	$2,650,000	–	95,173	–	0.04%	–
BDN	New	Brandywine Realty Trust	$2,460,000	–	225,933	–	0.04%	–
WRE	New	Washington REIT	$2,270,000	–	102,252	–	0.03%	–
NSA	New	National Storage Affiliates Trust	$2,174,000	–	75,838	–	0.03%	–
PK	New	Park Hotels & Resorts Inc	$2,032,000	–	205,494	–	0.03%	–
AKR	New	Acadia Realty Trust	$1,430,000	–	110,180	–	0.02%	–
KRG	New	Kite Realty Group Trust	$1,262,000	–	109,400	–	0.02%	–
AHH	New	Armada Hoffler Properties	$651,000	–	65,400	–	0.01%	–
UNP	New	UNION PACIFIC CORP	$115,000	–	679	–	0.00%	–
SO	New	SOUTHERN CO/THE	$116,000	–	2,230	–	0.00%	–
SHO	New	Sunstone Hotel Investors Inc	$111,000	–	13,586	–	0.00%	–
KMI	New	KINDER MORGAN INC	$60,000	–	3,930	–	0.00%	–
AWK	New	AMERICAN WATER WORKS CO INC	$52,000	–	405	–	0.00%	–
DTE	New	DTE ENERGY COMPANY	$35,000	–	330	–	0.00%	–
AEP	New	AMERICAN ELECTRIC POWER	$39,000	–	490	–	0.00%	–
EVRG	New	EVERGY INC	$40,000	–	670	–	0.00%	–
ES	New	EVERSOURCE ENERGY	$73,000	–	872	–	0.00%	–
NSC	New	NORFOLK SOUTHERN CORP	$56,000	–	320	–	0.00%	–
SRE	New	SEMPRA ENERGY	$56,000	–	480	–	0.00%	–
CMS	New	CMS ENERGY CORP	$43,000	–	740	–	0.00%	–
ETR	New	ENTERGY CORP	$55,000	–	590	–	0.00%	–
LNT	New	ALLIANT ENERGY CORP	$44,000	–	910	–	0.00%	–
EIX	New	EDISON INTERNATIONAL	$48,000	–	880	–	0.00%	–
WMB	New	WILLIAMS COS INC	$66,000	–	3,460	–	0.00%	–
D	New	DOMINION ENERGY INC	$75,000	–	925	–	0.00%	–
DUK	New	DUKE ENERGY CORP	$77,000	–	970	–	0.00%	–
FE	New	FIRSTENERGY CORP	$66,000	–	1,710	–	0.00%	–
NI	New	NISOURCE INC	$35,000	–	1,520	–	0.00%	–
FCPT	New	Four Corners Property Trust	$1,000	–	53	–	0.00%	–
AEE	New	AMEREN CORPORATION	$17,000	–	235	–	0.00%	–
WEC	New	WEC ENERGY	$25,000	–	280	–	0.00%	–
ILPT	New	Industrial Logistics Properties Trust	$10,000	–	472	–	0.00%	–
IRT	New	Independence Realty Trust Inc	$10,000	–	887	–	0.00%	–
WY	New	Weyerhauser Co	$33,000	–	1,450	–	0.00%	–
PPL	New	PPL CORPORATION	$15,000	–	570	–	0.00%	–
IDA	New	IDACORP INC	$7,000	–	80	–	0.00%	–
PNM	New	PNM RESOURCES INC	$15,000	–	400	–	0.00%	–
PGRE	New	Paramount Group Inc	$11,000	–	1,452	–	0.00%	–
PCG	New	P G & E CORP	$7,000	–	810	–	0.00%	–
OPI	New	Office Properties Income Trust	$1,000	–	42	–	0.00%	–
PNW	New	PINNACLE WEST CAPITAL	$19,000	–	260	–	0.00%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GP	$30,000	–	610	–	0.00%	–
WTRG	New	ESSENTIAL UTILITIES INC	$14,000	–	340	–	0.00%	–
RPT	New	RPT Realty	$5,000	–	713	–	0.00%	–
NXRT	New	NexPoint Residential Trust Inc	$1,000	–	33	–	0.00%	–
CNP	New	CENTERPOINT ENERGY	$16,000	–	860	–	0.00%	–
CTRE	New	CareTrust REIT Inc	$0	–	17	–	0.00%	–
SITC	New	SITE Centers Corp	$8,000	–	1,038	–	0.00%	–
CLI	New	Mack Cali Realty Corporation	$1,000	–	70	–	0.00%	–
MAC	New	Macerich Company	$0	–	7	–	0.00%	–
BKH	New	BLACK HILLS CORP	$11,000	–	190	–	0.00%	–
TRGP	New	TARGA RESOURCES CORP	$26,000	–	1,320	–	0.00%	–
AFIN	New	American Finance Trust Inc	$9,000	–	1,193	–	0.00%	–
KIM	New	Kimco Realty Corp	$2,000	–	176	–	0.00%	–
VICI	New	VICI Properties Inc	$12,000	–	588	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
CNP	Exit	CENTERPOINT ENERGY	$0	–	-820	–	0.00%	–
AKR	Exit	Acadia Realty Trust	$0	–	-145	–	0.00%	–
HIW	Exit	Highwoods Properties Inc	$0	–	-121	–	0.00%	–
PCG	Exit	P G & E CORP	$0	–	-810	–	0.00%	–
EIX	Exit	EDISON INTERNATIONAL	$0	–	-480	–	0.00%	–
UDR	Exit	UDR Inc	$0	–	-216	–	0.00%	–
LTC	Exit	LTC Properties Inc	$0	–	-39	–	0.00%	–
EPRT	Exit	Essential Properties Realty	$0	–	-149	–	0.00%	–
ET	Exit	ENERGY TRANSFER LP	$0	–	-2,470	–	0.00%	–
MIC	Exit	MACQUARIE INFRASTRUCTURE CORPORATION	$0	–	-470	–	0.00%	–
PPL	Exit	PPL CORPORATION	$0	–	-470	–	0.00%	–
ALEX	Exit	Alexander & Baldwin Inc	$0	–	-723	–	0.00%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-775	–	0.00%	–
FCPT	Exit	Four Corners Property Trust	$0	–	-704	–	0.00%	–
HR	Exit	Healthcare Realty Trust	$0	–	-571	–	0.00%	–
XEL	Exit	XCEL Energy Inc	$0	–	-1,390	–	-0.00%	–
SRE	Exit	SEMPRA ENERGY	$0	–	-320	–	-0.00%	–
NI	Exit	NISOURCE INC	$0	–	-1,840	–	-0.00%	–
LNT	Exit	ALLIANT ENERGY CORP	$0	–	-1,190	–	-0.00%	–
ETR	Exit	ENTERGY CORP	$0	–	-730	–	-0.00%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-290	–	-0.00%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GP	$0	–	-1,240	–	-0.00%	–
AEE	Exit	AMEREN CORPORATION	$0	–	-730	–	-0.00%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-1,100	–	-0.00%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-350	–	-0.00%	–
WMB	Exit	WILLIAMS COS INC	$0	–	-3,150	–	-0.00%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-560	–	-0.00%	–
EPD	Exit	ENTERPRISE PRODUCTS PARTNERS	$0	–	-1,750	–	-0.00%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-2,530	–	-0.00%	–
D	Exit	DOMINION ENERGY INC	$0	–	-2,010	–	-0.00%	–
SO	Exit	SOUTHERN CO/THE	$0	–	-2,380	–	-0.00%	–
RHP	Exit	Ryman Hospitality Properties	$0	–	-13,780	–	-0.02%	–
QTS	Exit	QTS Realty Trust	$0	–	-22,250	–	-0.02%	–
OFC	Exit	Corporate Office Properties Trust	$0	–	-42,100	–	-0.02%	–
UBPPRG	Exit	Urstadt Biddle 6.750 Series G Pref.pref	$0	–	-55,756	–	-0.02%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-7,600	–	-0.02%	–
RYN	Exit	Rayonier Inc	$0	–	-67,650	–	-0.02%	–
PEB	Exit	Pebblebrook Hotel Trust	$0	–	-71,000	–	-0.03%	–
GDS	Exit	GDS Holdings Ltd - ADRadr	$0	–	-49,610	–	-0.03%	–
HPP	Exit	Hudson Pacific Properties	$0	–	-78,400	–	-0.03%	–
COR	Exit	Coresite Realty Corp	$0	–	-22,110	–	-0.04%	–
WY	Exit	Weyerhauser Co	$0	–	-110,930	–	-0.04%	–
TRNO	Exit	Terreno Realty Corp	$0	–	-87,320	–	-0.06%	–
FR	Exit	First Industrial Realty Trust	$0	–	-277,000	–	-0.14%	–
ADC	Exit	Agree Realty Corp	$0	–	-160,348	–	-0.15%	–
SBAC	Exit	SBA Communications Corp	$0	–	-69,125	–	-0.22%	–
UE	Exit	Urban Edge Properties	$0	–	-930,914	–	-0.24%	–
SNH	Exit	Senior Housing Properties Trust	$0	–	-2,395,820	–	-0.29%	–
CCI	Exit	Crown Castle Intl Corp	$0	–	-164,897	–	-0.30%	–
SHO	Exit	Sunstone Hotel Investors Inc	$0	–	-1,678,624	–	-0.30%	–
ILPT	Exit	Industrial Logistics Properties Trust	$0	–	-1,117,213	–	-0.31%	–
AMT	Exit	American Tower Corp	$0	–	-126,835	–	-0.37%	–
MGP	Exit	MGM Growth Properties LLC	$0	–	-964,660	–	-0.38%	–
WELL	Exit	Welltower Inc	$0	–	-328,330	–	-0.39%	–
DRH	Exit	DiamondRock Hospitality Co	$0	–	-2,918,559	–	-0.39%	–
CUZ	Exit	Cousins Properties Inc	$0	–	-797,030	–	-0.39%	–
DRE	Exit	Duke Realty Investments Inc	$0	–	-910,510	–	-0.40%	–
VICI	Exit	VICI Properties Inc	$0	–	-1,976,400	–	-0.58%	–
CTRE	Exit	CareTrust REIT Inc	$0	–	-2,182,369	–	-0.67%	–
BDN	Exit	Brandywine Realty Trust	$0	–	-3,553,170	–	-0.70%	–
NNN	Exit	National Retail Properties	$0	–	-977,059	–	-0.72%	–
CLI	Exit	Mack Cali Realty Corporation	$0	–	-2,550,358	–	-0.72%	–
FRT	Exit	Federal Realty Investment Trust	$0	–	-416,125	–	-0.74%	–
MAC	Exit	Macerich Company	$0	–	-1,881,810	–	-0.78%	–
TCO	Exit	Taubman Centers Inc	$0	–	-1,578,339	–	-0.84%	–
ESS	Exit	Essex Property Trust Inc	$0	–	-202,726	–	-0.86%	–
REXR	Exit	Rexford Industrial Realty	$0	–	-1,614,871	–	-0.93%	–
STOR	Exit	Store Capital Corp	$0	–	-1,915,810	–	-0.94%	–
REG	Exit	Regency Centers Corp	$0	–	-1,042,806	–	-0.94%	–
BRX	Exit	Brixmor Property Group Inc	$0	–	-3,612,447	–	-0.96%	–
ROIC	Exit	Retail Opportunity Investments Corp	$0	–	-4,553,980	–	-1.08%	–
DLR	Exit	Digital Realty Trust Inc	$0	–	-650,156	–	-1.10%	–
COLD	Exit	Americold Realty Trust	$0	–	-2,304,587	–	-1.11%	–
CXP	Exit	Columbia Property Trust	$0	–	-4,151,185	–	-1.14%	–
AMH	Exit	American Homes 4 Rent	$0	–	-3,496,998	–	-1.18%	–
MBB	Exit	iShares MBS ETF	$0	–	-847,060	–	-1.20%	–
VMBS	Exit	Vanguard Mortgage-Backed Securities ETF	$0	–	-1,723,870	–	-1.20%	–
OHI	Exit	Omega Healthcare Investors Inc	$0	–	-2,198,067	–	-1.20%	–
PK	Exit	Park Hotels & Resorts Inc	$0	–	-3,780,719	–	-1.23%	–
AIV	Exit	Apartment Investment and Management Co	$0	–	-1,844,690	–	-1.26%	–
MAA	Exit	Mid-America Apartment Communities Inc	$0	–	-742,090	–	-1.26%	–
HTA	Exit	Healthcare Trust of America	$0	–	-3,350,191	–	-1.28%	–
ESRT	Exit	Empire State Realty Trust	$0	–	-7,104,340	–	-1.32%	–
CPT	Exit	Camden Property Trust	$0	–	-923,552	–	-1.34%	–
LSI	Exit	Life Storage Inc	$0	–	-1,014,452	–	-1.40%	–
PSA	Exit	Public Storage Inc	$0	–	-464,143	–	-1.48%	–
BXP	Exit	Boston Properties	$0	–	-906,727	–	-1.53%	–
IRM	Exit	Iron Mountain Inc	$0	–	-3,756,389	–	-1.59%	–
LPT	Exit	Liberty Property Trust	$0	–	-2,438,400	–	-1.63%	–
CUBE	Exit	Cubesmart	$0	–	-3,662,081	–	-1.67%	–
RPAI	Exit	Retail Properties of America	$0	–	-10,391,318	–	-1.67%	–
WPC	Exit	WP Carey Inc	$0	–	-1,605,202	–	-1.87%	–
HST	Exit	Host Hotels & Resorts Inc	$0	–	-8,395,390	–	-1.89%	–
ARE	Exit	Alexandria Real Estate Equities	$0	–	-961,726	–	-1.93%	–
JBGS	Exit	JBG Smith Properties	$0	–	-3,780,979	–	-1.93%	–
EXR	Exit	Extra Space Storage Inc	$0	–	-1,284,411	–	-1.96%	–
VER	Exit	VEREIT Inc	$0	–	-16,709,930	–	-2.13%	–
KRC	Exit	Kilroy Realty Corporation	$0	–	-2,122,645	–	-2.16%	–
O	Exit	Realty Income Corp	$0	–	-2,447,006	–	-2.45%	–
INVH	Exit	Invitation Homes Inc	$0	–	-6,606,876	–	-2.55%	–
CONE	Exit	CyrusOne	$0	–	-2,666,051	–	-2.75%	–
SUI	Exit	Sun Communities Inc	$0	–	-1,634,122	–	-3.16%	–
SPG	Exit	Simon Property Group Inc	$0	–	-1,677,436	–	-3.41%	–
AVB	Exit	Avalon Bay Communities	$0	–	-1,314,681	–	-3.69%	–
EQIX	Exit	Equinix Inc	$0	–	-539,794	–	-4.06%	–
VTR	Exit	Ventas Inc	$0	–	-4,726,286	–	-4.50%	–
HCP	Exit	HCP Inc	$0	–	-10,209,050	–	-4.74%	–
EQR	Exit	Equity Residential Properties Trust	$0	–	-4,777,198	–	-5.38%	–
PLD	Exit	Prologis Trust	$0	–	-5,884,008	–	-6.54%	–

Q3 2019

			Value		Shares		↓ Weighting
PLD	Buy	Prologis Trust	$501,435,000	+18.4%	5,884,008	+11.3%	6.54%	+9.7%
EQR	Buy	Equity Residential Properties Trust	$412,081,000	+35.1%	4,777,198	+18.9%	5.38%	+25.1%
HCP	Buy	HCP Inc	$363,748,000	+45.9%	10,209,050	+31.0%	4.74%	+35.1%
VTR	Sell	Ventas Inc	$345,160,000	-14.0%	4,726,286	-19.5%	4.50%	-20.3%
EQIX	Buy	Equinix Inc	$311,353,000	+20.5%	539,794	+5.4%	4.06%	+11.6%
AVB	Sell	Avalon Bay Communities	$283,090,000	-19.2%	1,314,681	-23.8%	3.69%	-25.2%
SPG	Sell	Simon Property Group Inc	$261,092,000	-12.6%	1,677,436	-10.3%	3.41%	-19.1%
SUI	Sell	Sun Communities Inc	$242,586,000	+11.8%	1,634,122	-3.5%	3.16%	+3.5%
CONE	Sell	CyrusOne	$210,885,000	+10.9%	2,666,051	-19.1%	2.75%	+2.6%
INVH	Buy	Invitation Homes Inc	$195,629,000	+17.4%	6,606,876	+6.0%	2.55%	+8.7%
O	Buy	Realty Income Corp	$187,636,000	+34.2%	2,447,006	+20.7%	2.45%	+24.3%
KRC	Sell	Kilroy Realty Corporation	$165,333,000	-2.7%	2,122,645	-7.8%	2.16%	-9.9%
VER	Sell	VEREIT Inc	$163,423,000	-6.7%	16,709,930	-14.1%	2.13%	-13.6%
EXR	Buy	Extra Space Storage Inc	$150,045,000	+23.1%	1,284,411	+11.8%	1.96%	+14.0%
JBGS	Buy	JBG Smith Properties	$148,252,000	+185.9%	3,780,979	+186.8%	1.93%	+164.6%
ARE	Sell	Alexandria Real Estate Equities	$148,145,000	-15.9%	961,726	-22.9%	1.93%	-22.1%
HST	Buy	Host Hotels & Resorts Inc	$145,156,000	+62.7%	8,395,390	+71.5%	1.89%	+50.7%
WPC	Sell	WP Carey Inc	$143,665,000	-2.8%	1,605,202	-11.8%	1.87%	-10.0%
RPAI	Buy	Retail Properties of America	$128,021,000	+37.1%	10,391,318	+30.9%	1.67%	+27.0%
CUBE	Sell	Cubesmart	$127,807,000	-22.6%	3,662,081	-25.8%	1.67%	-28.4%
LPT	Buy	Liberty Property Trust	$125,163,000	+21.3%	2,438,400	+18.2%	1.63%	+12.3%
IRM	Buy	Iron Mountain Inc	$121,669,000	+9.1%	3,756,389	+5.5%	1.59%	+1.0%
BXP	Sell	Boston Properties	$117,566,000	-21.1%	906,727	-21.5%	1.53%	-26.9%
PSA	Sell	Public Storage Inc	$113,840,000	-41.4%	464,143	-43.1%	1.48%	-45.8%
LSI	Buy	Life Storage Inc	$106,934,000	+37819.9%	1,014,452	+34068.1%	1.40%	+34775.0%
CPT	Sell	Camden Property Trust	$102,523,000	-34.1%	923,552	-38.1%	1.34%	-39.0%
ESRT	Buy	Empire State Realty Trust	$101,379,000	+2.2%	7,104,340	+6.0%	1.32%	-5.4%
HTA	Sell	Healthcare Trust of America	$98,429,000	-1.6%	3,350,191	-8.1%	1.28%	-8.9%
MAA	Buy	Mid-America Apartment Communities Inc	$96,479,000	+131.7%	742,090	+109.9%	1.26%	+114.5%
AIV	Buy	Apartment Investment and Management Co	$96,182,000	+1602933.3%	1,844,690	+1524437.2%	1.26%	–
PK	Buy	Park Hotels & Resorts Inc	$94,405,000	+14.7%	3,780,719	+26.6%	1.23%	+6.2%
VMBS	Buy	Vanguard Mortgage-Backed Securities ETF	$91,813,000	+10.6%	1,723,870	+9.7%	1.20%	+2.4%
OHI	Buy	Omega Healthcare Investors Inc	$91,858,000	+656028.6%	2,198,067	+593972.2%	1.20%	–
MBB	Buy	iShares MBS ETF	$91,737,000	+10.5%	847,060	+9.8%	1.20%	+2.3%
AMH	Sell	American Homes 4 Rent	$90,538,000	-10.0%	3,496,998	-15.4%	1.18%	-16.7%
CXP	Buy	Columbia Property Trust	$87,797,000	+2.7%	4,151,185	+0.7%	1.14%	-4.9%
COLD	Sell	Americold Realty Trust	$85,431,000	+2.5%	2,304,587	-10.3%	1.11%	-5.1%
DLR	Buy	Digital Realty Trust Inc	$84,397,000	+118.7%	650,156	+98.5%	1.10%	+102.4%
ROIC	Buy	Retail Opportunity Investments Corp	$83,019,000	+95.6%	4,553,980	+83.8%	1.08%	+81.1%
BRX	Sell	Brixmor Property Group Inc	$73,297,000	-3.3%	3,612,447	-14.8%	0.96%	-10.5%
REG	Sell	Regency Centers Corp	$72,464,000	-17.7%	1,042,806	-20.9%	0.94%	-23.8%
STOR	Buy	Store Capital Corp	$71,671,000	+16.5%	1,915,810	+3.3%	0.94%	+7.8%
REXR	Buy	Rexford Industrial Realty	$71,086,000	+285.4%	1,614,871	+253.5%	0.93%	+256.5%
ESS	Sell	Essex Property Trust Inc	$66,220,000	+11.8%	202,726	-0.1%	0.86%	+3.5%
TCO	Sell	Taubman Centers Inc	$64,444,000	-1.5%	1,578,339	-1.5%	0.84%	-8.8%
MAC	Sell	Macerich Company	$59,447,000	-23.0%	1,881,810	-18.4%	0.78%	-28.7%
FRT	Sell	Federal Realty Investment Trust	$56,651,000	-11.8%	416,125	-16.6%	0.74%	-18.3%
CLI	Sell	Mack Cali Realty Corporation	$55,241,000	-19.3%	2,550,358	-13.3%	0.72%	-25.3%
NNN	Buy	National Retail Properties	$55,106,000	+156.3%	977,059	+140.9%	0.72%	+137.3%
BDN	Sell	Brandywine Realty Trust	$53,831,000	-0.6%	3,553,170	-6.1%	0.70%	-8.0%
CTRE	Buy	CareTrust REIT Inc	$51,297,000	+23216.8%	2,182,369	+23475.3%	0.67%	+22200.0%
VICI	Buy	VICI Properties Inc	$44,765,000	+30.1%	1,976,400	+26.6%	0.58%	+20.4%
DRE	Sell	Duke Realty Investments Inc	$30,930,000	-74.5%	910,510	-76.3%	0.40%	-76.4%
CUZ	Buy	Cousins Properties Inc	$29,960,000	+1119.9%	797,030	+1073.5%	0.39%	+1017.1%
DRH	Buy	DiamondRock Hospitality Co	$29,915,000	+32.8%	2,918,559	+34.0%	0.39%	+23.0%
WELL	Sell	Welltower Inc	$29,763,000	+6.6%	328,330	-4.1%	0.39%	-1.3%
MGP	Buy	MGM Growth Properties LLC	$28,988,000	+13.7%	964,660	+16.0%	0.38%	+5.3%
AMT	Buy	American Tower Corp	$28,047,000	+72.8%	126,835	+59.7%	0.37%	+59.8%
ILPT	Buy	Industrial Logistics Properties Trust	$23,741,000	+33.2%	1,117,213	+30.5%	0.31%	+23.5%
SHO	Sell	Sunstone Hotel Investors Inc	$23,064,000	-63.8%	1,678,624	-63.8%	0.30%	-66.4%
CCI	Buy	Crown Castle Intl Corp	$22,922,000	+77.9%	164,897	+66.8%	0.30%	+64.3%
SNH	Buy	Senior Housing Properties Trust	$22,173,000	+201472.7%	2,395,820	+186927.3%	0.29%	–
UE	Sell	Urban Edge Properties	$18,423,000	-0.6%	930,914	-13.0%	0.24%	-8.0%
SBAC	Buy	SBA Communications Corp	$16,669,000	+77.0%	69,125	+65.1%	0.22%	+63.2%
ADC	Buy	Agree Realty Corp	$11,729,000	+52.6%	160,348	+33.6%	0.15%	+41.7%
TRNO	Buy	Terreno Realty Corp	$4,461,000	+151.0%	87,320	+141.0%	0.06%	+132.0%
WY	Buy	Weyerhauser Co	$3,073,000	+60.2%	110,930	+52.3%	0.04%	+48.1%
COR	Sell	Coresite Realty Corp	$2,694,000	-93.1%	22,110	-93.5%	0.04%	-93.7%
HPP	Buy	Hudson Pacific Properties	$2,623,000	+90.3%	78,400	+89.3%	0.03%	+78.9%
GDS	Buy	GDS Holdings Ltd - ADRadr	$1,988,000	+40.0%	49,610	+31.2%	0.03%	+30.0%
PEB	Sell	Pebblebrook Hotel Trust	$1,975,000	-15.9%	71,000	-14.8%	0.03%	-21.2%
RYN	Buy	Rayonier Inc	$1,908,000	+42.6%	67,650	+53.2%	0.02%	+31.6%
NEE	Buy	NEXTERA ENERGY INC	$1,771,000	+73.3%	7,600	+52.3%	0.02%	+64.3%
UBPPRG	Buy	Urstadt Biddle 6.750 Series G Pref.pref	$1,416,000	+37.6%	55,756	+39.4%	0.02%	+28.6%
OFC	Buy	Corporate Office Properties Trust	$1,254,000	+73.7%	42,100	+53.8%	0.02%	+60.0%
RHP	Buy	Ryman Hospitality Properties	$1,127,000	+319.0%	13,780	+315.1%	0.02%	+275.0%
QTS	Buy	QTS Realty Trust	$1,144,000	+152.0%	22,250	+126.4%	0.02%	+150.0%
SO	Buy	SOUTHERN CO/THE	$147,000	+24.6%	2,380	+11.7%	0.00%	0.0%
D	Buy	DOMINION ENERGY INC	$163,000	+101.2%	2,010	+92.0%	0.00%	+100.0%
ETR	Sell	ENTERGY CORP	$86,000	-14.9%	730	-25.5%	0.00%	0.0%
LNT	Sell	ALLIANT ENERGY CORP	$64,000	-12.3%	1,190	-20.1%	0.00%	0.0%
AEE	Sell	AMEREN CORPORATION	$58,000	-9.4%	730	-14.1%	0.00%	0.0%
EPD	Buy	ENTERPRISE PRODUCTS PARTNERS	$50,000	+47.1%	1,750	+49.6%	0.00%	–
ES	Buy	EVERSOURCE ENERGY	$94,000	+13.3%	1,100	+0.9%	0.00%	0.0%
NI	Buy	NISOURCE INC	$55,000	+19.6%	1,840	+14.3%	0.00%	0.0%
NSC	New	NORFOLK SOUTHERN CORP	$63,000	–	350	–	0.00%	–
PEG	Sell	PUBLIC SERVICE ENTERPRISE GP	$77,000	-4.9%	1,240	-10.1%	0.00%	0.0%
SRE	Sell	SEMPRA ENERGY	$47,000	-24.2%	320	-28.9%	0.00%	0.0%
UNP	Sell	UNION PACIFIC CORP	$47,000	-65.2%	290	-63.8%	0.00%	-50.0%
XEL	Buy	XCEL Energy Inc	$90,000	+291.3%	1,390	+256.4%	0.00%	–
UDR	Sell	UDR Inc	$10,000	-100.0%	216	-100.0%	0.00%	-100.0%
LTC	New	LTC Properties Inc	$2,000	–	39	–	0.00%	–
HIW	Sell	Highwoods Properties Inc	$5,000	-100.0%	121	-100.0%	0.00%	-100.0%
HR	New	Healthcare Realty Trust	$19,000	–	571	–	0.00%	–
FCPT	New	Four Corners Property Trust	$20,000	–	704	–	0.00%	–
EPRT	New	Essential Properties Realty	$3,000	–	149	–	0.00%	–
AKR	New	Acadia Realty Trust	$4,000	–	145	–	0.00%	–
ET	New	ENERGY TRANSFER LP	$32,000	–	2,470	–	0.00%	–
CNP	Sell	CENTERPOINT ENERGY	$25,000	-45.7%	820	-49.4%	0.00%	-100.0%
ALEX	Sell	Alexander & Baldwin Inc	$18,000	-99.7%	723	-99.7%	0.00%	-100.0%
VNO	Exit	Vornado Realty Trust	$0	–	-233	–	0.00%	–
GNL	Exit	Global Net Lease Inc	$0	–	-527	–	0.00%	–
HPT	Exit	Hospitality Properties Trust	$0	–	-452	–	0.00%	–
SKT	Exit	Tanger Factory Outlet Centers Inc	$0	–	-578	–	0.00%	–
MIC	Sell	MACQUARIE INFRASTRUCTURE CORPORATION	$19,000	-38.7%	470	-39.0%	0.00%	–
SLG	Exit	SL Green Realty Corp	$0	–	-150	–	0.00%	–
GLPI	Exit	Gaming and Leisure Properties Inc	$0	–	-260	–	0.00%	–
CXW	Exit	CoreCivic Inc	$0	–	-264	–	0.00%	–
ACC	Exit	American Campus Communities	$0	–	-270	–	0.00%	–
LXP	Exit	Lexington Realty Trust	$0	–	-1,092	–	0.00%	–
INN	Exit	Summit Hotel Properties Inc	$0	–	-172	–	0.00%	–
EXC	Exit	EXELON CORP	$0	–	-510	–	0.00%	–
PGRE	Exit	Paramount Group Inc	$0	–	-742	–	0.00%	–
OKE	Exit	ONEOK INC	$0	–	-250	–	0.00%	–
AFIN	Exit	American Finance Trust Inc	$0	–	-894	–	0.00%	–
FSP	Exit	Franklin Street Properties Corp	$0	–	-666	–	0.00%	–
RLJ	Exit	RLJ Lodging Trust	$0	–	-619	–	0.00%	–
GEO	Exit	Geo Group Inc	$0	–	-426	–	0.00%	–
SITC	Exit	SITE Centers Corp	$0	–	-414	–	0.00%	–
OPI	Exit	Office Properties Income Trust	$0	–	-368	–	0.00%	–
BFS	Exit	Saul Centers Inc	$0	–	-27	–	0.00%	–
LNG	Exit	CHENIERE ENERGY INC	$0	–	-630	–	-0.00%	–
KRG	Exit	Kite Realty Group Trust	$0	–	-466,041	–	-0.10%	–
STAG	Exit	STAG Industrial	$0	–	-1,384,831	–	-0.59%	–
CHSP	Exit	Chesapeake Lodging Trust	$0	–	-1,933,338	–	-0.77%	–
SBRA	Exit	Sabra Health Care REIT Inc	$0	–	-3,774,944	–	-1.05%	–

Q2 2019

			Value		Shares		↓ Weighting
PLD	New	Prologis Trust	$423,349,000	–	5,285,256	–	5.96%	–
VTR	New	Ventas Inc	$401,184,000	–	5,869,553	–	5.65%	–
AVB	New	Avalon Bay Communities	$350,400,000	–	1,724,578	–	4.94%	–
EQR	New	Equity Residential Properties Trust	$305,060,000	–	4,018,184	–	4.30%	–
SPG	New	Simon Property Group Inc	$298,867,000	–	1,870,721	–	4.21%	–
EQIX	New	Equinix Inc	$258,356,000	–	512,318	–	3.64%	–
HCP	New	HCP Inc	$249,318,000	–	7,796,087	–	3.51%	–
SUI	New	Sun Communities Inc	$217,066,000	–	1,693,315	–	3.06%	–
PSA	New	Public Storage Inc	$194,346,000	–	815,998	–	2.74%	–
CONE	New	CyrusOne	$190,224,000	–	3,295,641	–	2.68%	–
ARE	New	Alexandria Real Estate Equities	$176,050,000	–	1,247,781	–	2.48%	–
VER	New	VEREIT Inc	$175,217,000	–	19,446,918	–	2.47%	–
KRC	New	Kilroy Realty Corporation	$169,940,000	–	2,302,399	–	2.39%	–
INVH	New	Invitation Homes Inc	$166,608,000	–	6,232,985	–	2.35%	–
CUBE	New	Cubesmart	$165,130,000	–	4,938,077	–	2.33%	–
CPT	New	Camden Property Trust	$155,629,000	–	1,490,848	–	2.19%	–
BXP	New	Boston Properties	$148,976,000	–	1,154,856	–	2.10%	–
WPC	New	WP Carey Inc	$147,738,000	–	1,819,887	–	2.08%	–
O	New	Realty Income Corp	$139,784,000	–	2,026,726	–	1.97%	–
EXR	New	Extra Space Storage Inc	$121,851,000	–	1,148,451	–	1.72%	–
DRE	New	Duke Realty Investments Inc	$121,441,000	–	3,841,844	–	1.71%	–
IRM	New	Iron Mountain Inc	$111,483,000	–	3,561,759	–	1.57%	–
LPT	New	Liberty Property Trust	$103,218,000	–	2,062,700	–	1.45%	–
AMH	New	American Homes 4 Rent	$100,543,000	–	4,135,869	–	1.42%	–
HTA	New	Healthcare Trust of America	$99,992,000	–	3,645,346	–	1.41%	–
ESRT	New	Empire State Realty Trust	$99,235,000	–	6,700,498	–	1.40%	–
RPAI	New	Retail Properties of America	$93,365,000	–	7,939,176	–	1.32%	–
HST	New	Host Hotels & Resorts Inc	$89,203,000	–	4,895,899	–	1.26%	–
REG	New	Regency Centers Corp	$88,039,000	–	1,319,136	–	1.24%	–
CXP	New	Columbia Property Trust	$85,458,000	–	4,120,411	–	1.20%	–
COLD	New	Americold Realty Trust	$83,309,000	–	2,569,698	–	1.17%	–
VMBS	New	Vanguard Mortgage-Backed Securities ETF	$83,012,000	–	1,571,300	–	1.17%	–
MBB	New	iShares MBS ETF	$83,046,000	–	771,800	–	1.17%	–
PK	New	Park Hotels & Resorts Inc	$82,334,000	–	2,987,435	–	1.16%	–
MAC	New	Macerich Company	$77,210,000	–	2,305,473	–	1.09%	–
BRX	New	Brixmor Property Group Inc	$75,787,000	–	4,238,634	–	1.07%	–
SBRA	New	Sabra Health Care REIT Inc	$74,329,000	–	3,774,944	–	1.05%	–
CLI	New	Mack Cali Realty Corporation	$68,492,000	–	2,940,850	–	0.96%	–
TCO	New	Taubman Centers Inc	$65,409,000	–	1,601,968	–	0.92%	–
FRT	New	Federal Realty Investment Trust	$64,222,000	–	498,778	–	0.90%	–
SHO	New	Sunstone Hotel Investors Inc	$63,636,000	–	4,641,608	–	0.90%	–
STOR	New	Store Capital Corp	$61,543,000	–	1,854,266	–	0.87%	–
ESS	New	Essex Property Trust Inc	$59,234,000	–	202,904	–	0.84%	–
CHSP	New	Chesapeake Lodging Trust	$54,945,000	–	1,933,338	–	0.77%	–
BDN	New	Brandywine Realty Trust	$54,170,000	–	3,782,865	–	0.76%	–
JBGS	New	JBG Smith Properties	$51,860,000	–	1,318,252	–	0.73%	–
UDR	New	UDR Inc	$50,145,000	–	1,117,059	–	0.71%	–
ROIC	New	Retail Opportunity Investments Corp	$42,453,000	–	2,478,300	–	0.60%	–
STAG	New	STAG Industrial	$41,877,000	–	1,384,831	–	0.59%	–
MAA	New	Mid-America Apartment Communities Inc	$41,639,000	–	353,589	–	0.59%	–
COR	New	Coresite Realty Corp	$39,175,000	–	340,152	–	0.55%	–
DLR	New	Digital Realty Trust Inc	$38,586,000	–	327,581	–	0.54%	–
VICI	New	VICI Properties Inc	$34,416,000	–	1,561,515	–	0.48%	–
WELL	New	Welltower Inc	$27,917,000	–	342,408	–	0.39%	–
MGP	New	MGM Growth Properties LLC	$25,496,000	–	831,844	–	0.36%	–
DRH	New	DiamondRock Hospitality Co	$22,519,000	–	2,177,875	–	0.32%	–
NNN	New	National Retail Properties	$21,503,000	–	405,640	–	0.30%	–
HIW	New	Highwoods Properties Inc	$19,901,000	–	481,860	–	0.28%	–
UE	New	Urban Edge Properties	$18,540,000	–	1,069,827	–	0.26%	–
REXR	New	Rexford Industrial Realty	$18,444,000	–	456,879	–	0.26%	–
ILPT	New	Industrial Logistics Properties Trust	$17,823,000	–	856,034	–	0.25%	–
AMT	New	American Tower Corp	$16,234,000	–	79,405	–	0.23%	–
CCI	New	Crown Castle Intl Corp	$12,888,000	–	98,870	–	0.18%	–
FR	New	First Industrial Realty Trust	$10,177,000	–	277,000	–	0.14%	–
SBAC	New	SBA Communications Corp	$9,416,000	–	41,877	–	0.13%	–
ADC	New	Agree Realty Corp	$7,685,000	–	119,990	–	0.11%	–
KRG	New	Kite Realty Group Trust	$7,051,000	–	466,041	–	0.10%	–
ALEX	New	Alexander & Baldwin Inc	$5,926,000	–	256,527	–	0.08%	–
CUZ	New	Cousins Properties Inc	$2,456,000	–	67,917	–	0.04%	–
PEB	New	Pebblebrook Hotel Trust	$2,349,000	–	83,360	–	0.03%	–
WY	New	Weyerhauser Co	$1,918,000	–	72,830	–	0.03%	–
TRNO	New	Terreno Realty Corp	$1,777,000	–	36,230	–	0.02%	–
GDS	New	GDS Holdings Ltd - ADRadr	$1,420,000	–	37,800	–	0.02%	–
RYN	New	Rayonier Inc	$1,338,000	–	44,150	–	0.02%	–
HPP	New	Hudson Pacific Properties	$1,378,000	–	41,410	–	0.02%	–
UBPPRG	New	Urstadt Biddle 6.750 Series G Pref.pref	$1,029,000	–	40,000	–	0.01%	–
NEE	New	NEXTERA ENERGY INC	$1,022,000	–	4,990	–	0.01%	–
OFC	New	Corporate Office Properties Trust	$722,000	–	27,370	–	0.01%	–
QTS	New	QTS Realty Trust	$454,000	–	9,826	–	0.01%	–
LSI	New	Life Storage Inc	$282,000	–	2,969	–	0.00%	–
RHP	New	Ryman Hospitality Properties	$269,000	–	3,320	–	0.00%	–
CTRE	New	CareTrust REIT Inc	$220,000	–	9,257	–	0.00%	–
FE	New	FIRSTENERGY CORP	$108,000	–	2,530	–	0.00%	–
SO	New	SOUTHERN CO/THE	$118,000	–	2,130	–	0.00%	–
UNP	New	UNION PACIFIC CORP	$135,000	–	800	–	0.00%	–
AEE	New	AMEREN CORPORATION	$64,000	–	850	–	0.00%	–
ETR	New	ENTERGY CORP	$101,000	–	980	–	0.00%	–
LNT	New	ALLIANT ENERGY CORP	$73,000	–	1,490	–	0.00%	–
D	New	DOMINION ENERGY INC	$81,000	–	1,047	–	0.00%	–
SRE	New	SEMPRA ENERGY	$62,000	–	450	–	0.00%	–
WMB	New	WILLIAMS COS INC	$88,000	–	3,150	–	0.00%	–
NI	New	NISOURCE INC	$46,000	–	1,610	–	0.00%	–
DUK	New	DUKE ENERGY CORP	$49,000	–	560	–	0.00%	–
CNP	New	CENTERPOINT ENERGY	$46,000	–	1,620	–	0.00%	–
LNG	New	CHENIERE ENERGY INC	$43,000	–	630	–	0.00%	–
ES	New	EVERSOURCE ENERGY	$83,000	–	1,090	–	0.00%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GP	$81,000	–	1,380	–	0.00%	–
XEL	New	XCEL Energy Inc	$23,000	–	390	–	0.00%	–
HPT	New	Hospitality Properties Trust	$11,000	–	452	–	0.00%	–
GNL	New	Global Net Lease Inc	$10,000	–	527	–	0.00%	–
MIC	New	MACQUARIE INFRASTRUCTURE CORPORATION	$31,000	–	770	–	0.00%	–
GLPI	New	Gaming and Leisure Properties Inc	$10,000	–	260	–	0.00%	–
OPI	New	Office Properties Income Trust	$10,000	–	368	–	0.00%	–
OHI	New	Omega Healthcare Investors Inc	$14,000	–	370	–	0.00%	–
OKE	New	ONEOK INC	$17,000	–	250	–	0.00%	–
PCG	New	P G & E CORP	$19,000	–	810	–	0.00%	–
PPL	New	PPL CORPORATION	$15,000	–	470	–	0.00%	–
PGRE	New	Paramount Group Inc	$10,000	–	742	–	0.00%	–
GEO	New	Geo Group Inc	$9,000	–	426	–	0.00%	–
FSP	New	Franklin Street Properties Corp	$5,000	–	666	–	0.00%	–
RLJ	New	RLJ Lodging Trust	$11,000	–	619	–	0.00%	–
EXC	New	EXELON CORP	$24,000	–	510	–	0.00%	–
EPD	New	ENTERPRISE PRODUCTS PARTNERS	$34,000	–	1,170	–	0.00%	–
EIX	New	EDISON INTERNATIONAL	$32,000	–	480	–	0.00%	–
SLG	New	SL Green Realty Corp	$12,000	–	150	–	0.00%	–
BFS	New	Saul Centers Inc	$2,000	–	27	–	0.00%	–
SNH	New	Senior Housing Properties Trust	$11,000	–	1,281	–	0.00%	–
SITC	New	SITE Centers Corp	$5,000	–	414	–	0.00%	–
INN	New	Summit Hotel Properties Inc	$2,000	–	172	–	0.00%	–
CXW	New	CoreCivic Inc	$5,000	–	264	–	0.00%	–
SKT	New	Tanger Factory Outlet Centers Inc	$9,000	–	578	–	0.00%	–
WTR	New	AQUA AMERICA INC	$32,000	–	775	–	0.00%	–
AIV	New	Apartment Investment and Management Co	$6,000	–	121	–	0.00%	–
AFIN	New	American Finance Trust Inc	$10,000	–	894	–	0.00%	–
ACC	New	American Campus Communities	$12,000	–	270	–	0.00%	–
VNO	New	Vornado Realty Trust	$15,000	–	233	–	0.00%	–
LXP	New	Lexington Realty Trust	$10,000	–	1,092	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
EE	Exit	EL PASO ELECTRIC CO	$0	–	-200	–	0.00%	–
SO	Exit	SOUTHERN CO/THE	$0	–	-580	–	0.00%	–
OKE	Exit	ONEOK INC	$0	–	-470	–	0.00%	–
CLNY	Exit	Colony Capital Inc	$0	–	-358	–	0.00%	–
DRH	Exit	DiamondRock Hospitality Co	$0	–	-1,042	–	0.00%	–
EIX	Exit	EDISON INTERNATIONAL	$0	–	-480	–	0.00%	–
WELL	Exit	Welltower Inc	$0	–	-262	–	0.00%	–
KRG	Exit	Kite Realty Group Trust	$0	–	-98	–	0.00%	–
ROIC	Exit	Retail Opportunity Investments Corp	$0	–	-195	–	0.00%	–
NI	Exit	NISOURCE INC	$0	–	-950	–	0.00%	–
AKR	Exit	Acadia Realty Trust	$0	–	-138	–	0.00%	–
SCG	Exit	SCANA CORP	$0	–	-190	–	0.00%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-330	–	0.00%	–
ALEX	Exit	Alexander & Baldwin Inc	$0	–	-774	–	0.00%	–
HR	Exit	Healthcare Realty Trust	$0	–	-80	–	0.00%	–
EQR	Exit	Equity Residential Properties Trust	$0	–	-264	–	0.00%	–
SWCH	Exit	Switch, Inc A	$0	–	-3,030	–	0.00%	–
EGP	Exit	EastGroup Properties Inc	$0	–	-103	–	0.00%	–
NNN	Exit	National Retail Properties	$0	–	-180	–	0.00%	–
FTS	Exit	FORTIS INC	$0	–	-790	–	0.00%	–
SKT	Exit	Tanger Factory Outlet Centers Inc	$0	–	-271	–	0.00%	–
D	Exit	DOMINION ENERGY INC	$0	–	-1,060	–	-0.00%	–
PBA	Exit	PEMBINA PIPELINE CORP.	$0	–	-2,170	–	-0.00%	–
SRE	Exit	SEMPRA ENERGY	$0	–	-327	–	-0.00%	–
CSX	Exit	CSX CORP	$0	–	-1,140	–	-0.00%	–
CNP	Exit	CENTERPOINT ENERGY	$0	–	-3,500	–	-0.00%	–
AIVPRA	Exit	AIMCO 6.875 Series A Pref.pref	$0	–	-3,000	–	-0.00%	–
PCG	Exit	P G & E CORP	$0	–	-810	–	-0.00%	–
ETR	Exit	ENTERGY CORP	$0	–	-660	–	-0.00%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GP	$0	–	-890	–	-0.00%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-880	–	-0.00%	–
ENB	Exit	ENBRIDGE INC	$0	–	-2,380	–	-0.00%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-312	–	-0.00%	–
AEE	Exit	AMEREN CORPORATION	$0	–	-630	–	-0.00%	–
AWK	Exit	AMERICAN WATER WORKS CO INC	$0	–	-410	–	-0.00%	–
EVRG	Exit	EVERGY INC	$0	–	-997	–	-0.00%	–
WMB	Exit	WILLIAMS COS INC	$0	–	-2,500	–	-0.00%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-2,080	–	-0.00%	–
UNIT	Exit	UNITI GROUP INC.	$0	–	-3,170	–	-0.00%	–
CP	Exit	CANADIAN PACIFIC RAILWAY LTD	$0	–	-278	–	-0.00%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-1,160	–	-0.00%	–
AEP	Exit	AMERICAN ELECTRIC POWER	$0	–	-1,200	–	-0.00%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-5,800	–	-0.00%	–
OFC	Exit	Corporate Office Properties Trust	$0	–	-4,340	–	-0.00%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-1,370	–	-0.00%	–
TRNO	Exit	Terreno Realty Corp	$0	–	-3,880	–	-0.00%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-970	–	-0.00%	–
CTRE	Exit	CareTrust REIT Inc	$0	–	-11,193	–	-0.00%	–
GDS	Exit	GDS Holdings Ltd - ADRadr	$0	–	-5,557	–	-0.00%	–
BRX	Exit	Brixmor Property Group Inc.	$0	–	-11,876	–	-0.00%	–
EPRT	Exit	Essential Properties Realty	$0	–	-17,520	–	-0.00%	–
FR	Exit	First Industrial Realty Trust	$0	–	-15,000	–	-0.01%	–
COR	Exit	Coresite Realty Corp	$0	–	-4,086	–	-0.01%	–
REXR	Exit	Rexford Industrial Realty	$0	–	-17,159	–	-0.01%	–
BPR	Exit	Brookfield Property REIT Inc	$0	–	-32,769	–	-0.01%	–
INXN	Exit	Interxion Holding NV	$0	–	-17,560	–	-0.02%	–
ZAYO	Exit	ZAYO GROUP HOLDINGS INC.	$0	–	-39,172	–	-0.02%	–
WY	Exit	Weyerhauser Co	$0	–	-84,927	–	-0.04%	–
SBAC	Exit	SBA COMMUNICATIONS CORP	$0	–	-24,180	–	-0.06%	–
CCI	Exit	Crown Castle Intl Corp	$0	–	-42,420	–	-0.07%	–
AMT	Exit	American Tower Corp	$0	–	-54,485	–	-0.12%	–
HST	Exit	Host Hotels & Resorts, Inc.	$0	–	-450,815	–	-0.14%	–
DLR	Exit	Digital Realty Trust, Inc.	$0	–	-123,237	–	-0.20%	–
JBGS	Exit	JBG Smith Properties	$0	–	-436,520	–	-0.24%	–
TCO	Exit	Taubman Centers Inc.	$0	–	-388,564	–	-0.34%	–
UE	Exit	Urban Edge Properties	$0	–	-1,127,150	–	-0.37%	–
PEB	Exit	Pebblebrook Hotel Trust	$0	–	-716,084	–	-0.38%	–
KIM	Exit	Kimco Realty Corp.	$0	–	-1,754,040	–	-0.43%	–
PGRE	Exit	Paramount Group Inc.	$0	–	-1,976,650	–	-0.44%	–
TIER	Exit	TIER REIT Inc	$0	–	-1,299,193	–	-0.46%	–
O	Exit	Realty Income Corp.	$0	–	-608,394	–	-0.51%	–
MAA	Exit	Mid-America Apartment Communities Inc.	$0	–	-374,127	–	-0.55%	–
BDN	Exit	Brandywine Realty Trust	$0	–	-2,485,100	–	-0.58%	–
AIV	Exit	Apartment Investment and Management Co	$0	–	-985,563	–	-0.64%	–
CHSP	Exit	Chesapeake Lodging Trust	$0	–	-1,476,972	–	-0.70%	–
RPAI	Exit	Retail Properties of America	$0	–	-4,402,490	–	-0.79%	–
COLD	Exit	Americold Realty Trust	$0	–	-2,154,203	–	-0.80%	–
FRT	Exit	Federal Realty Investment Trust	$0	–	-436,360	–	-0.82%	–
HPP	Exit	Hudson Pacific Properties	$0	–	-1,979,949	–	-0.96%	–
STAG	Exit	STAG Industrial	$0	–	-2,428,139	–	-0.99%	–
STOR	Exit	Store Capital Corp	$0	–	-2,406,119	–	-0.99%	–
VICI	Exit	VICI Properties Inc	$0	–	-3,163,151	–	-1.01%	–
ESS	Exit	Essex Property Trust, Inc.	$0	–	-313,435	–	-1.14%	–
WRI	Exit	Weingarten Realty Investment Trust	$0	–	-2,723,276	–	-1.20%	–
CUZ	Exit	Cousins Properties Inc.	$0	–	-9,463,757	–	-1.24%	–
PSA	Exit	Public Storage, Inc.	$0	–	-420,344	–	-1.25%	–
DRE	Exit	Duke Realty Investments, Inc.	$0	–	-3,067,788	–	-1.28%	–
HLT	Exit	Hilton Worldwide Holdings Inc.	$0	–	-1,152,595	–	-1.38%	–
IRM	Exit	Iron Mountain Inc.	$0	–	-3,207,702	–	-1.64%	–
LPT	Exit	Liberty Property Trust	$0	–	-2,622,870	–	-1.64%	–
CLI	Exit	Mack Cali Realty Corporation	$0	–	-5,499,850	–	-1.73%	–
MAC	Exit	Macerich Company	$0	–	-2,145,440	–	-1.75%	–
INVH	Exit	Invitation Homes Inc.	$0	–	-5,188,850	–	-1.76%	–
EXR	Exit	Extra Space Storage, Inc.	$0	–	-1,408,696	–	-1.80%	–
PK	Exit	Park Hotels & Resorts Inc	$0	–	-3,993,860	–	-1.94%	–
HIW	Exit	Highwoods Properties, Inc.	$0	–	-2,871,032	–	-2.00%	–
VER	Exit	VEREIT Inc	$0	–	-20,044,885	–	-2.15%	–
SHO	Exit	Sunstone Hotel Investors, Inc.	$0	–	-8,978,410	–	-2.17%	–
UDR	Exit	UDR, Inc.	$0	–	-3,925,166	–	-2.34%	–
SUI	Exit	Sun Communities Inc.	$0	–	-1,663,220	–	-2.49%	–
REG	Exit	Regency Centers Corp	$0	–	-2,630,740	–	-2.51%	–
HTA	Exit	Healthcare Trust of America	$0	–	-6,485,173	–	-2.55%	–
HCP	Exit	HCP, Inc.	$0	–	-6,599,148	–	-2.56%	–
CONE	Exit	CyrusOne	$0	–	-2,880,375	–	-2.70%	–
AMH	Exit	American Homes 4 Rent	$0	–	-8,683,392	–	-2.81%	–
CUBE	Exit	Cubesmart	$0	–	-6,940,098	–	-2.92%	–
ARE	Exit	Alexandria Real Estate Equities	$0	–	-1,643,950	–	-3.05%	–
CPT	Exit	Camden Property Trust	$0	–	-2,221,071	–	-3.07%	–
VTR	Exit	Ventas Inc.	$0	–	-3,855,127	–	-3.10%	–
KRC	Exit	Kilroy Realty Corporation	$0	–	-3,116,324	–	-3.30%	–
BXP	Exit	Boston Properties	$0	–	-2,197,278	–	-3.99%	–
EQIX	Exit	Equinix, Inc.	$0	–	-725,872	–	-4.64%	–
AVB	Exit	Avalon Bay Communities	$0	–	-1,988,901	–	-5.32%	–
PLD	Exit	Prologis Trust	$0	–	-6,740,021	–	-6.75%	–
SPG	Exit	Simon Property Group, Inc.	$0	–	-2,710,264	–	-7.08%	–

Q3 2018

			Value		Shares		↓ Weighting
SPG	Sell	Simon Property Group, Inc.	$479,039,000	-8.3%	2,710,264	-11.7%	7.08%	-4.0%
PLD	Buy	Prologis Trust	$456,906,000	+30.9%	6,740,021	+26.8%	6.75%	+37.1%
AVB	Sell	Avalon Bay Communities	$360,289,000	-5.8%	1,988,901	-10.6%	5.32%	-1.3%
EQIX	Sell	Equinix, Inc.	$314,222,000	-2.1%	725,872	-2.8%	4.64%	+2.6%
BXP	Sell	Boston Properties	$270,462,000	-15.1%	2,197,278	-13.5%	3.99%	-11.1%
KRC	Buy	Kilroy Realty Corporation	$223,410,000	+5.4%	3,116,324	+11.3%	3.30%	+10.4%
VTR	Sell	Ventas Inc.	$209,642,000	-6.9%	3,855,127	-2.5%	3.10%	-2.5%
CPT	Sell	Camden Property Trust	$207,826,000	-8.1%	2,221,071	-10.5%	3.07%	-3.7%
ARE	Sell	Alexandria Real Estate Equities	$206,792,000	-5.0%	1,643,950	-4.7%	3.05%	-0.5%
CUBE	Sell	Cubesmart	$198,001,000	-17.3%	6,940,098	-6.6%	2.92%	-13.4%
AMH	Sell	American Homes 4 Rent	$190,079,000	-8.9%	8,683,392	-7.7%	2.81%	-4.6%
CONE	Buy	CyrusOne	$182,616,000	+9.6%	2,880,375	+0.9%	2.70%	+14.8%
HCP	Buy	HCP, Inc.	$173,690,000	+6.4%	6,599,148	+4.3%	2.56%	+11.4%
HTA	Sell	Healthcare Trust of America	$172,960,000	-10.5%	6,485,173	-9.5%	2.55%	-6.3%
REG	Sell	Regency Centers Corp	$170,130,000	-15.9%	2,630,740	-19.3%	2.51%	-11.9%
SUI	Buy	Sun Communities Inc.	$168,884,000	+6.2%	1,663,220	+2.3%	2.49%	+11.2%
UDR	Sell	UDR, Inc.	$158,694,000	-4.4%	3,925,166	-11.2%	2.34%	+0.1%
SHO	Buy	Sunstone Hotel Investors, Inc.	$146,887,000	+10.4%	8,978,410	+12.2%	2.17%	+15.6%
VER	Sell	VEREIT Inc	$145,526,000	-6.9%	20,044,885	-4.6%	2.15%	-2.5%
HIW	Sell	Highwoods Properties, Inc.	$135,685,000	-17.2%	2,871,032	-11.1%	2.00%	-13.2%
PK	Sell	Park Hotels & Resorts Inc	$131,078,000	-10.9%	3,993,860	-16.9%	1.94%	-6.7%
EXR	Buy	Extra Space Storage, Inc.	$122,050,000	+1.9%	1,408,696	+17.4%	1.80%	+6.7%
INVH	Sell	Invitation Homes Inc.	$118,877,000	-1.5%	5,188,850	-0.8%	1.76%	+3.2%
MAC	Buy	Macerich Company	$118,621,000	+185.8%	2,145,440	+193.7%	1.75%	+199.5%
CLI	Sell	Mack Cali Realty Corporation	$116,926,000	-0.0%	5,499,850	-4.7%	1.73%	+4.7%
LPT	Buy	Liberty Property Trust	$110,817,000	+17.0%	2,622,870	+22.7%	1.64%	+22.5%
IRM	Sell	Iron Mountain Inc.	$110,730,000	-6.4%	3,207,702	-5.1%	1.64%	-2.0%
HLT	Buy	Hilton Worldwide Holdings Inc.	$93,106,000	+20.6%	1,152,595	+18.2%	1.38%	+26.3%
DRE	Sell	Duke Realty Investments, Inc.	$87,033,000	-38.4%	3,067,788	-37.0%	1.28%	-35.5%
PSA	Sell	Public Storage, Inc.	$84,754,000	-12.5%	420,344	-1.6%	1.25%	-8.4%
CUZ	Buy	Cousins Properties Inc.	$84,132,000	+47.0%	9,463,757	+60.2%	1.24%	+54.0%
WRI	Sell	Weingarten Realty Investment Trust	$81,045,000	-5.5%	2,723,276	-2.2%	1.20%	-1.1%
ESS	Buy	Essex Property Trust, Inc.	$77,327,000	+76.8%	313,435	+71.3%	1.14%	+85.1%
VICI	Buy	VICI Properties Inc	$68,387,000	+53.6%	3,163,151	+46.7%	1.01%	+60.8%
STOR	Buy	Store Capital Corp	$66,866,000	+19.0%	2,406,119	+17.3%	0.99%	+24.6%
STAG	Sell	STAG Industrial	$66,774,000	-0.8%	2,428,139	-1.7%	0.99%	+3.9%
HPP	Buy	Hudson Pacific Properties	$64,784,000	-0.4%	1,979,949	+7.8%	0.96%	+4.4%
FRT	Buy	Federal Realty Investment Trust	$55,187,000	+64.6%	436,360	+64.7%	0.82%	+72.3%
COLD	Buy	Americold Realty Trust	$53,898,000	+25.8%	2,154,203	+10.7%	0.80%	+31.8%
RPAI	New	Retail Properties of America	$53,666,000	–	4,402,490	–	0.79%	–
CHSP	Sell	Chesapeake Lodging Trust	$47,366,000	-0.9%	1,476,972	-2.3%	0.70%	+3.9%
AIV	New	Apartment Investment and Management Co	$43,493,000	–	985,563	–	0.64%	–
BDN	Buy	Brandywine Realty Trust	$39,066,000	-5.7%	2,485,100	+1.2%	0.58%	-1.2%
MAA	Sell	Mid-America Apartment Communities Inc.	$37,480,000	-50.0%	374,127	-49.7%	0.55%	-47.6%
O	Sell	Realty Income Corp.	$34,612,000	-15.6%	608,394	-20.2%	0.51%	-11.6%
TIER	New	TIER REIT Inc	$31,310,000	–	1,299,193	–	0.46%	–
PGRE	Buy	Paramount Group Inc.	$29,828,000	-0.1%	1,976,650	+1.9%	0.44%	+4.8%
KIM	Sell	Kimco Realty Corp.	$29,363,000	-62.4%	1,754,040	-61.8%	0.43%	-60.6%
PEB	New	Pebblebrook Hotel Trust	$26,044,000	–	716,084	–	0.38%	–
UE	Buy	Urban Edge Properties	$24,887,000	+9.9%	1,127,150	+13.8%	0.37%	+15.4%
TCO	Sell	Taubman Centers Inc.	$23,248,000	-1.3%	388,564	-3.0%	0.34%	+3.3%
JBGS	Buy	JBG Smith Properties	$16,077,000	+17.7%	436,520	+16.5%	0.24%	+22.8%
DLR	Buy	Digital Realty Trust, Inc.	$13,862,000	+102.9%	123,237	+101.2%	0.20%	+113.5%
HST	Sell	Host Hotels & Resorts, Inc.	$9,512,000	-13.5%	450,815	-13.6%	0.14%	-9.7%
AMT	Sell	American Tower Corp	$7,917,000	-73.2%	54,485	-73.4%	0.12%	-71.9%
CCI	Sell	Crown Castle Intl Corp	$4,723,000	-72.9%	42,420	-73.8%	0.07%	-71.5%
SBAC	Buy	SBA COMMUNICATIONS CORP	$3,884,000	+20.6%	24,180	+24.0%	0.06%	+26.7%
WY	Sell	Weyerhauser Co	$2,741,000	-73.7%	84,927	-70.3%	0.04%	-72.8%
ZAYO	Buy	ZAYO GROUP HOLDINGS INC.	$1,360,000	+28.7%	39,172	+35.2%	0.02%	+33.3%
INXN	Sell	Interxion Holding NV	$1,182,000	-11.4%	17,560	-17.8%	0.02%	-10.5%
BPR	New	Brookfield Property REIT Inc	$686,000	–	32,769	–	0.01%	–
REXR	Buy	Rexford Industrial Realty	$548,000	+522.7%	17,159	+515.2%	0.01%	+700.0%
COR	Buy	Coresite Realty Corp	$454,000	+17.3%	4,086	+17.1%	0.01%	+40.0%
FR	New	First Industrial Realty Trust	$471,000	–	15,000	–	0.01%	–
EPRT	Sell	Essential Properties Realty	$249,000	-21.0%	17,520	-24.7%	0.00%	0.0%
GDS	Buy	GDS Holdings Ltd - ADRadr	$195,000	+4.8%	5,557	+19.6%	0.00%	0.0%
CTRE	New	CareTrust REIT Inc	$198,000	–	11,193	–	0.00%	–
BRX	Buy	Brixmor Property Group Inc.	$208,000	+5100.0%	11,876	+5665.0%	0.00%	–
OFC	Sell	Corporate Office Properties Trust	$129,000	-94.1%	4,340	-94.3%	0.00%	-93.5%
KMI	Buy	KINDER MORGAN INC	$103,000	+7.3%	5,800	+6.4%	0.00%	+100.0%
TRNO	Buy	Terreno Realty Corp	$146,000	+33.9%	3,880	+33.8%	0.00%	0.0%
DUK	Sell	DUKE ENERGY CORP	$110,000	-20.9%	1,370	-22.2%	0.00%	0.0%
PEG	Sell	PUBLIC SERVICE ENTERPRISE GP	$47,000	-21.7%	890	-19.1%	0.00%	0.0%
AIVPRA	Sell	AIMCO 6.875 Series A Pref.pref	$78,000	-53.3%	3,000	-53.8%	0.00%	-50.0%
CSX	Buy	CSX CORP	$84,000	+86.7%	1,140	+62.9%	0.00%	0.0%
CNP	Buy	CENTERPOINT ENERGY	$97,000	+177.1%	3,500	+180.0%	0.00%	–
D	Buy	DOMINION ENERGY INC	$74,000	+174.1%	1,060	+165.0%	0.00%	–
ENB	Sell	ENBRIDGE INC	$77,000	-40.3%	2,380	-34.1%	0.00%	-50.0%
ETR	Sell	ENTERGY CORP	$54,000	-20.6%	660	-21.4%	0.00%	0.0%
EVRG	Buy	EVERGY INC	$55,000	+22.2%	997	+23.5%	0.00%	0.0%
ES	Buy	EVERSOURCE ENERGY	$54,000	+5.9%	880	+1.1%	0.00%	0.0%
FE	Buy	FIRSTENERGY CORP	$77,000	+87.8%	2,080	+80.9%	0.00%	0.0%
PBA	Buy	PEMBINA PIPELINE CORP.	$74,000	+164.3%	2,170	+167.9%	0.00%	–
SRE	Buy	SEMPRA ENERGY	$37,000	+23.3%	327	+25.8%	0.00%	–
TRP	Buy	TRANSCANADA CORP	$47,000	+9.3%	1,160	+17.2%	0.00%	0.0%
UNIT	Sell	UNITI GROUP INC.	$64,000	-22.0%	3,170	-22.1%	0.00%	0.0%
WMB	Sell	WILLIAMS COS INC	$68,000	-10.5%	2,500	-11.0%	0.00%	0.0%
ROIC	New	Retail Opportunity Investments Corp	$4,000	–	195	–	0.00%	–
OKE	Buy	ONEOK INC	$32,000	0.0%	470	+2.2%	0.00%	–
EGP	New	EastGroup Properties Inc	$10,000	–	103	–	0.00%	–
WELL	New	Welltower Inc	$17,000	–	262	–	0.00%	–
DRH	New	DiamondRock Hospitality Co	$12,000	–	1,042	–	0.00%	–
CLNY	New	Colony Capital Inc	$2,000	–	358	–	0.00%	–
ALEX	New	Alexander & Baldwin Inc	$18,000	–	774	–	0.00%	–
CMS	Exit	CMS ENERGY CORP	$0	–	-710	–	0.00%	–
SWCH	New	Switch, Inc A	$33,000	–	3,030	–	0.00%	–
SKT	New	Tanger Factory Outlet Centers Inc	$6,000	–	271	–	0.00%	–
AKR	New	Acadia Realty Trust	$4,000	–	138	–	0.00%	–
NI	Sell	NISOURCE INC	$24,000	-46.7%	950	-44.1%	0.00%	-100.0%
UNP	Exit	UNION PACIFIC CORP	$0	–	-220	–	0.00%	–
NNN	New	National Retail Properties	$8,000	–	180	–	0.00%	–
KRG	New	Kite Realty Group Trust	$2,000	–	98	–	0.00%	–
HR	New	Healthcare Realty Trust	$2,000	–	80	–	0.00%	–
EQR	New	Equity Residential Properties Trust	$17,000	–	264	–	0.00%	–
XEL	Exit	XCEL Energy Inc	$0	–	-1,320	–	-0.00%	–
DTE	Exit	DTE ENERGY COMPANY	$0	–	-440	–	-0.00%	–
ESRT	Exit	Empire State Realty Trust	$0	–	-136,325	–	-0.03%	–
CXP	Exit	Columbia Property Trust	$0	–	-350,537	–	-0.11%	–
QTS	Exit	QTS Realty Trust	$0	–	-230,052	–	-0.13%	–
DEA	Exit	Easterly Government Properties, Inc.	$0	–	-736,250	–	-0.20%	–
FCEA	Exit	Forest City Realty Trust - A	$0	–	-3,902,493	–	-1.26%	–
DCT	Exit	DCT Industrial Trust Inc.	$0	–	-1,481,916	–	-1.39%	–
GGP	Exit	GGP Inc.	$0	–	-5,559,485	–	-1.60%	–

Q2 2018

			Value		Shares		↓ Weighting
SPG	New	Simon Property Group, Inc.	$522,642,000	–	3,070,931	–	7.37%	–
AVB	New	Avalon Bay Communities	$382,436,000	–	2,224,892	–	5.39%	–
PLD	New	Prologis Trust	$349,085,000	–	5,314,126	–	4.92%	–
EQIX	New	Equinix, Inc.	$320,876,000	–	746,413	–	4.52%	–
BXP	New	Boston Properties	$318,636,000	–	2,540,552	–	4.49%	–
CUBE	New	Cubesmart	$239,497,000	–	7,433,169	–	3.38%	–
CPT	New	Camden Property Trust	$226,110,000	–	2,481,175	–	3.19%	–
VTR	New	Ventas Inc.	$225,108,000	–	3,952,742	–	3.17%	–
ARE	New	Alexandria Real Estate Equities	$217,648,000	–	1,725,039	–	3.07%	–
KRC	New	Kilroy Realty Corporation	$211,867,000	–	2,800,990	–	2.99%	–
AMH	New	American Homes 4 Rent	$208,664,000	–	9,407,763	–	2.94%	–
REG	New	Regency Centers Corp	$202,263,000	–	3,258,097	–	2.85%	–
HTA	New	Healthcare Trust of America	$193,265,000	–	7,168,581	–	2.72%	–
CONE	New	CyrusOne	$166,558,000	–	2,853,968	–	2.35%	–
UDR	New	UDR, Inc.	$166,018,000	–	4,422,408	–	2.34%	–
HIW	New	Highwoods Properties, Inc.	$163,788,000	–	3,228,640	–	2.31%	–
HCP	New	HCP, Inc.	$163,288,000	–	6,324,115	–	2.30%	–
SUI	New	Sun Communities Inc.	$159,090,000	–	1,625,352	–	2.24%	–
VER	New	VEREIT Inc.	$156,348,000	–	21,014,573	–	2.20%	–
PK	New	Park Hotels & Resorts Inc	$147,186,000	–	4,805,270	–	2.08%	–
DRE	New	Duke Realty Investments, Inc.	$141,319,000	–	4,868,030	–	1.99%	–
SHO	New	Sunstone Hotel Investors, Inc.	$133,039,000	–	8,004,741	–	1.88%	–
INVH	New	Invitation Homes Inc.	$120,634,000	–	5,231,294	–	1.70%	–
EXR	New	Extra Space Storage, Inc.	$119,770,000	–	1,199,979	–	1.69%	–
IRM	New	Iron Mountain Inc.	$118,301,000	–	3,379,077	–	1.67%	–
CLI	New	Mack Cali Realty Corporation	$116,982,000	–	5,768,380	–	1.65%	–
GGP	New	GGP Inc.	$113,581,000	–	5,559,485	–	1.60%	–
DCT	New	DCT Industrial Trust Inc.	$98,888,000	–	1,481,916	–	1.39%	–
PSA	New	Public Storage, Inc.	$96,906,000	–	427,163	–	1.37%	–
LPT	New	Liberty Property Trust	$94,730,000	–	2,136,930	–	1.34%	–
FCEA	New	Forest City Realty Trust - A	$89,016,000	–	3,902,493	–	1.26%	–
WRI	New	Weingarten Realty Investment Trust	$85,786,000	–	2,784,347	–	1.21%	–
KIM	New	Kimco Realty Corp.	$78,091,000	–	4,596,290	–	1.10%	–
HLT	New	Hilton Worldwide Holdings Inc.	$77,192,000	–	975,148	–	1.09%	–
MAA	New	Mid-America Apartment Communities Inc.	$74,941,000	–	744,425	–	1.06%	–
STAG	New	STAG Industrial	$67,291,000	–	2,471,199	–	0.95%	–
HPP	New	Hudson Pacific Properties	$65,060,000	–	1,836,288	–	0.92%	–
CUZ	New	Cousins Properties Inc.	$57,249,000	–	5,907,970	–	0.81%	–
STOR	New	Store Capital Corp	$56,209,000	–	2,051,424	–	0.79%	–
CHSP	New	Chesapeake Lodging Trust	$47,811,000	–	1,511,104	–	0.67%	–
VICI	New	VICI Properties Inc	$44,518,000	–	2,156,868	–	0.63%	–
ESS	New	Essex Property Trust, Inc.	$43,747,000	–	182,989	–	0.62%	–
COLD	New	Americold Realty Trust	$42,850,000	–	1,945,953	–	0.60%	–
MAC	New	Macerich Company	$41,511,000	–	730,444	–	0.58%	–
BDN	New	Brandywine Realty Trust	$41,441,000	–	2,455,060	–	0.58%	–
O	New	Realty Income Corp.	$41,016,000	–	762,529	–	0.58%	–
FRT	New	Federal Realty Investment Trust	$33,538,000	–	265,022	–	0.47%	–
PGRE	New	Paramount Group Inc.	$29,860,000	–	1,938,970	–	0.42%	–
AMT	New	American Tower Corp - Cl A	$29,510,000	–	204,689	–	0.42%	–
TCO	New	Taubman Centers Inc.	$23,547,000	–	400,734	–	0.33%	–
UE	New	Urban Edge Properties	$22,653,000	–	990,490	–	0.32%	–
CCI	New	Crown Castle Intl Corp	$17,427,000	–	161,630	–	0.25%	–
DEA	New	Easterly Government Properties, Inc.	$14,549,000	–	736,250	–	0.20%	–
JBGS	New	JBG Smith Properties	$13,659,000	–	374,540	–	0.19%	–
HST	New	Host Hotels & Resorts, Inc.	$10,994,000	–	521,772	–	0.16%	–
WY	New	Weyerhauser	$10,410,000	–	285,527	–	0.15%	–
QTS	New	QTS Realty Trust	$9,087,000	–	230,052	–	0.13%	–
CXP	New	Columbia Property Trust	$7,961,000	–	350,537	–	0.11%	–
DLR	New	Digital Realty Trust, Inc.	$6,833,000	–	61,240	–	0.10%	–
SBAC	New	SBA COMMUNICATIONS CORP.	$3,220,000	–	19,500	–	0.04%	–
ESRT	New	Empire State Realty Trust	$2,331,000	–	136,325	–	0.03%	–
OFC	New	Corporate Office Properties Trust	$2,196,000	–	75,740	–	0.03%	–
INXN	New	Interxion Holding NV	$1,334,000	–	21,370	–	0.02%	–
ZAYO	New	ZAYO GROUP HOLDINGS INC.	$1,057,000	–	28,982	–	0.02%	–
COR	New	Coresite Realty Corp	$387,000	–	3,490	–	0.01%	–
EPRT	New	Essential Properties Realty	$315,000	–	23,260	–	0.00%	–
GDS	New	GDS Holdings Ltd - ADRadr	$186,000	–	4,647	–	0.00%	–
ENB	New	ENBRIDGE INC	$129,000	–	3,610	–	0.00%	–
DUK	New	DUKE ENERGY CORP	$139,000	–	1,760	–	0.00%	–
NEE	New	NEXTERA ENERGY INC	$162,000	–	970	–	0.00%	–
AIVPRA	New	AIMCO 6.875 Series A Pref.pref	$167,000	–	6,500	–	0.00%	–
TRNO	New	Terreno Realty Corp	$109,000	–	2,900	–	0.00%	–
NSC	New	NORFOLK SOUTHERN CORP	$47,000	–	312	–	0.00%	–
CP	New	CANADIAN PACIFIC RAILWAY LTD	$51,000	–	278	–	0.00%	–
NI	New	NISOURCE INC	$45,000	–	1,700	–	0.00%	–
KMI	New	KINDER MORGAN INC	$96,000	–	5,450	–	0.00%	–
CSX	New	CSX CORP	$45,000	–	700	–	0.00%	–
REXR	New	Rexford Industrial Realty	$88,000	–	2,789	–	0.00%	–
DTE	New	DTE ENERGY COMPANY	$46,000	–	440	–	0.00%	–
FE	New	FIRSTENERGY CORP	$41,000	–	1,150	–	0.00%	–
EVRG	New	EVERGY INC	$45,000	–	807	–	0.00%	–
TRP	New	TRANSCANADA CORP	$43,000	–	990	–	0.00%	–
UNIT	New	UNITI GROUP INC.	$82,000	–	4,070	–	0.00%	–
ES	New	EVERSOURCE ENERGY	$51,000	–	870	–	0.00%	–
ETR	New	ENTERGY CORP	$68,000	–	840	–	0.00%	–
AEP	New	AMERICAN ELECTRIC POWER	$83,000	–	1,200	–	0.00%	–
AEE	New	AMEREN CORPORATION	$38,000	–	630	–	0.00%	–
WMB	New	WILLIAMS COS INC	$76,000	–	2,810	–	0.00%	–
XEL	New	XCEL Energy Inc	$60,000	–	1,320	–	0.00%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GP	$60,000	–	1,100	–	0.00%	–
PBA	New	PEMBINA PIPELINE CORP.	$28,000	–	810	–	0.00%	–
CNP	New	CENTERPOINT ENERGY	$35,000	–	1,250	–	0.00%	–
OKE	New	ONEOK INC	$32,000	–	460	–	0.00%	–
EIX	New	EDISON INTERNATIONAL	$30,000	–	480	–	0.00%	–
AWK	New	AMERICAN WATER WORKS CO INC	$35,000	–	410	–	0.00%	–
FTS	New	FORTIS INC	$25,000	–	790	–	0.00%	–
EE	New	EL PASO ELECTRIC CO	$12,000	–	200	–	0.00%	–
UNP	New	UNION PACIFIC CORP	$31,000	–	220	–	0.00%	–
PCG	New	P G & E CORP	$34,000	–	810	–	0.00%	–
SCG	New	SCANA CORP	$7,000	–	190	–	0.00%	–
SRE	New	SEMPRA ENERGY	$30,000	–	260	–	0.00%	–
CMS	New	CMS ENERGY CORP	$34,000	–	710	–	0.00%	–
SO	New	SOUTHERN CO/THE	$27,000	–	580	–	0.00%	–
BRX	New	Brixmor Property Group Inc.	$4,000	–	206	–	0.00%	–
D	New	DOMINION ENERGY INC	$27,000	–	400	–	0.00%	–
ATO	New	ATMOS ENERGY CORP	$30,000	–	330	–	0.00%	–

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