| COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 |
| | | VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| GDS Holdings Ltd - ADR | COM | 36165L108 | 1,099 | 32,900 | SH | | DFND | 1 | 32,900 | 0 | 0 |
| Acadia Realty Trust | COM | 004239109 | 70,439 | 4,509,554 | SH | | DFND | 1 | 4,509,554 | 0 | 0 |
| Agree Realty Corp | COM | 008492100 | 197,060 | 2,732,013 | SH | | DFND | 1 | 2,732,013 | 0 | 0 |
| Alexander & Baldwin Inc | COM | 014491104 | 53 | 2,926 | SH | | DFND | 1 | 2,926 | 0 | 0 |
| Alexandria Real Estate Equitie | COM | 015271109 | 151,974 | 1,047,881 | SH | | DFND | 1 | 1,047,881 | 0 | 0 |
| American Assets Trust | COM | 024013104 | 1,523 | 51,270 | SH | | DFND | 1 | 51,270 | 0 | 0 |
| American Campus Communities | COM | 024835100 | 11,756 | 182,346 | SH | | DFND | 1 | 182,346 | 0 | 0 |
| American Homes 4 Rent | COM | 02665T306 | 187,193 | 5,281,960 | SH | | DFND | 1 | 5,281,960 | 0 | 0 |
| American Tower Corp | COM | 03027X100 | 189,519 | 741,496 | SH | | DFND | 1 | 741,496 | 0 | 0 |
| Americold Realty Trust Inc | COM | 03064D108 | 117,382 | 3,907,511 | SH | | DFND | 1 | 3,907,511 | 0 | 0 |
| Apartment Income REIT Corp | COM | 03750L109 | 6,408 | 154,028 | SH | | DFND | 1 | 154,028 | 0 | 0 |
| Apartment Investment and Manag | COM | 03748R747 | 8,567 | 1,338,640 | SH | | DFND | 1 | 1,338,640 | 0 | 0 |
| Apple Hospitality REIT Inc | COM | 03784Y200 | 24,734 | 1,685,999 | SH | | DFND | 1 | 1,685,999 | 0 | 0 |
| Avalon Bay Communities | COM | 053484101 | 285,734 | 1,470,961 | SH | | DFND | 1 | 1,470,961 | 0 | 0 |
| Boston Properties | COM | 101121101 | 16,879 | 189,689 | SH | | DFND | 1 | 189,689 | 0 | 0 |
| Brandywine Realty Trust | COM | 105368203 | 2,748 | 285,027 | SH | | DFND | 1 | 285,027 | 0 | 0 |
| Brixmor Property Group Inc | COM | 11120U105 | 188,113 | 9,307,927 | SH | | DFND | 1 | 9,307,927 | 0 | 0 |
| Broadstone Net Lease Inc | COM | 11135E203 | 48,799 | 2,379,299 | SH | | DFND | 1 | 2,379,299 | 0 | 0 |
| Camden Property Trust | COM | 133131102 | 16,692 | 124,120 | SH | | DFND | 1 | 124,120 | 0 | 0 |
| CareTrust REIT Inc | COM | 14174T107 | 17,016 | 922,773 | SH | | DFND | 1 | 922,773 | 0 | 0 |
| Corporate Office Properties Tr | COM | 22002T108 | 5,950 | 227,200 | SH | | DFND | 1 | 227,200 | 0 | 0 |
| Cousins Properties Inc | COM | 222795502 | 80,656 | 2,759,359 | SH | | DFND | 1 | 2,759,359 | 0 | 0 |
| Crown Castle Intl Corp | COM | 22822V101 | 72,179 | 428,670 | SH | | DFND | 1 | 428,670 | 0 | 0 |
| Cubesmart | COM | 229663109 | 12,449 | 291,417 | SH | | DFND | 1 | 291,417 | 0 | 0 |
| Cyxtera Technologies Inc | COM | 23284C102 | 964 | 85,000 | SH | | DFND | 1 | 85,000 | 0 | 0 |
| DiamondRock Hospitality Co | COM | 252784301 | 0 | 11 | SH | | DFND | 1 | 11 | 0 | 0 |
| Digital Realty Trust Inc | COM | 253868103 | 314,690 | 2,423,859 | SH | | DFND | 1 | 2,423,859 | 0 | 0 |
| DigitalBridge Group Inc | COM | 25401T108 | 1,244 | 255,000 | SH | | DFND | 1 | 255,000 | 0 | 0 |
| Diversified Healthcare Trust | COM | 25525P107 | 3,440 | 1,890,014 | SH | | DFND | 1 | 1,890,014 | 0 | 0 |
| Douglas Emmett Inc | COM | 25960P109 | 4,905 | 219,149 | SH | | DFND | 1 | 219,149 | 0 | 0 |
| Duke Realty Investments Inc | COM | 264411505 | 180,377 | 3,282,562 | SH | | DFND | 1 | 3,282,562 | 0 | 0 |
| EastGroup Properties Inc | COM | 277276101 | 36,958 | 239,473 | SH | | DFND | 1 | 239,473 | 0 | 0 |
| Empire State Realty Trust | COM | 292104106 | 11,620 | 1,652,922 | SH | | DFND | 1 | 1,652,922 | 0 | 0 |
| EPR Properties | COM | 26884U109 | 37 | 789 | SH | | DFND | 1 | 789 | 0 | 0 |
| Equinix Inc | COM | 29444U700 | 427,106 | 650,065 | SH | | DFND | 1 | 650,065 | 0 | 0 |
| Equity Lifestyle Properties | COM | 29472R108 | 21,384 | 303,442 | SH | | DFND | 1 | 303,442 | 0 | 0 |
| Equity Residential Properties | COM | 29476L107 | 295,176 | 4,087,172 | SH | | DFND | 1 | 4,087,172 | 0 | 0 |
| Essential Properties Realty | COM | 29670E107 | 34 | 1,580 | SH | | DFND | 1 | 1,580 | 0 | 0 |
| Essex Property Trust Inc | COM | 297178105 | 22,320 | 85,350 | SH | | DFND | 1 | 85,350 | 0 | 0 |
| Extra Space Storage Inc | COM | 30225T102 | 89,095 | 523,716 | SH | | DFND | 1 | 523,716 | 0 | 0 |
| Federal Realty Investment Trus | COM | 313745101 | 33,495 | 349,852 | SH | | DFND | 1 | 349,852 | 0 | 0 |
| First Industrial Realty Trust | COM | 32054K103 | 109,032 | 2,296,372 | SH | | DFND | 1 | 2,296,372 | 0 | 0 |
| Four Corners Property Trust | COM | 35086T109 | 19,431 | 730,772 | SH | | DFND | 1 | 730,772 | 0 | 0 |
| Franklin BSP Realty Trust Inc | COM | 35243J101 | 12,068 | 895,275 | SH | | DFND | 1 | 895,275 | 0 | 0 |
| Gaming and Leisure Properties | COM | 36467J108 | 23,268 | 507,375 | SH | | DFND | 1 | 507,375 | 0 | 0 |
| Healthcare Trust of America | COM | 42225P501 | 7,915 | 283,605 | SH | | DFND | 1 | 283,605 | 0 | 0 |
| Healthpeak Properties Inc | COM | 42250P103 | 36,594 | 1,412,351 | SH | | DFND | 1 | 1,412,351 | 0 | 0 |
| Highwoods Properties Inc | COM | 431284108 | 5,538 | 161,974 | SH | | DFND | 1 | 161,974 | 0 | 0 |
| Host Hotels & Resorts Inc | COM | 44107P104 | 8,817 | 562,299 | SH | | DFND | 1 | 562,299 | 0 | 0 |
| Hudson Pacific Properties | COM | 444097109 | 11,476 | 773,327 | SH | | DFND | 1 | 773,327 | 0 | 0 |
| IHS Holding Ltd | COM | G4701H109 | 1,754 | 168,000 | SH | | DFND | 1 | 168,000 | 0 | 0 |
| Invitation Homes Inc | COM | 46187W107 | 334,371 | 9,397,721 | SH | | DFND | 1 | 9,397,721 | 0 | 0 |
| Iron Mountain Inc | COM | 46284V101 | 4 | 88 | SH | | DFND | 1 | 88 | 0 | 0 |
| JBG Smith Properties | COM | 46590V100 | 73,452 | 3,107,108 | SH | | DFND | 1 | 3,107,108 | 0 | 0 |
| Kilroy Realty Corporation | COM | 49427F108 | 145,501 | 2,780,444 | SH | | DFND | 1 | 2,780,444 | 0 | 0 |
| Kimco Realty Corp | COM | 49446R109 | 17,623 | 891,414 | SH | | DFND | 1 | 891,414 | 0 | 0 |
| Kite Realty Group Trust | COM | 49803T300 | 4,612 | 266,732 | SH | | DFND | 1 | 266,732 | 0 | 0 |
| Lamar Advertising Company | COM | 512816109 | 12,566 | 142,844 | SH | | DFND | 1 | 142,844 | 0 | 0 |
| Life Storage Inc | COM | 53223X107 | 255,016 | 2,283,863 | SH | | DFND | 1 | 2,283,863 | 0 | 0 |
| LXP Industrial Trust | COM | 529043101 | 3,609 | 336,000 | SH | | DFND | 1 | 336,000 | 0 | 0 |
| Medical Properties Trust Inc | COM | 58463J304 | 115,020 | 7,532,433 | SH | | DFND | 1 | 7,532,433 | 0 | 0 |
| Mid-America Apartment Communit | COM | 59522J103 | 197,169 | 1,128,806 | SH | | DFND | 1 | 1,128,806 | 0 | 0 |
| National Retail Properties | COM | 637417106 | 9,860 | 229,293 | SH | | DFND | 1 | 229,293 | 0 | 0 |
| NetSTREIT Corp | COM | 64119V303 | 3,102 | 164,363 | SH | | DFND | 1 | 164,363 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | 1,991 | 25,700 | SH | | DFND | 1 | 25,700 | 0 | 0 |
| Office Properties Income Trust | COM | 67623C109 | 2 | 94 | SH | | DFND | 1 | 94 | 0 | 0 |
| Omega Healthcare Investors Inc | COM | 681936100 | 24,690 | 875,839 | SH | | DFND | 1 | 875,839 | 0 | 0 |
| Outfront Media Inc | COM | 69007J106 | 34,080 | 2,010,598 | SH | | DFND | 1 | 2,010,598 | 0 | 0 |
| Park Hotels & Resorts Inc | COM | 700517105 | 40,722 | 3,000,854 | SH | | DFND | 1 | 3,000,854 | 0 | 0 |
| Phillips Edison & Company Inc | COM | 71844V201 | 27 | 799 | SH | | DFND | 1 | 799 | 0 | 0 |
| Physicians Realty Trust | COM | 71943U104 | 3,931 | 225,284 | SH | | DFND | 1 | 225,284 | 0 | 0 |
| Prologis Trust | COM | 74340W103 | 643,593 | 5,470,406 | SH | | DFND | 1 | 5,470,406 | 0 | 0 |
| PS Business Parks Inc/CA | COM | 69360J107 | 4,791 | 25,600 | SH | | DFND | 1 | 25,600 | 0 | 0 |
| Public Storage Inc | COM | 74460D109 | 383,605 | 1,226,867 | SH | | DFND | 1 | 1,226,867 | 0 | 0 |
| Radius Global Infrastructure I | COM | 750481103 | 1,877 | 123,000 | SH | | DFND | 1 | 123,000 | 0 | 0 |
| Realty Income Corp | COM | 756109104 | 228,328 | 3,344,968 | SH | | DFND | 1 | 3,344,968 | 0 | 0 |
| Regency Centers Corp | COM | 758849103 | 15,360 | 258,986 | SH | | DFND | 1 | 258,986 | 0 | 0 |
| Retail Opportunity Investments | COM | 76131N101 | 2,301 | 145,843 | SH | | DFND | 1 | 145,843 | 0 | 0 |
| Rexford Industrial Realty | COM | 76169C100 | 143,025 | 2,483,506 | SH | | DFND | 1 | 2,483,506 | 0 | 0 |
| RPT Realty | COM | 74971D101 | 55,098 | 5,605,107 | SH | | DFND | 1 | 5,605,107 | 0 | 0 |
| Ryman Hospitality Properties | COM | 78377T107 | 31,285 | 411,476 | SH | | DFND | 1 | 411,476 | 0 | 0 |
| Sabra Health Care REIT Inc | COM | 78573L106 | 69,329 | 4,962,688 | SH | | DFND | 1 | 4,962,688 | 0 | 0 |
| SBA Communications Corp | COM | 78410G104 | 54,791 | 171,194 | SH | | DFND | 1 | 171,194 | 0 | 0 |
| Simon Property Group Inc | COM | 828806109 | 191,311 | 2,015,500 | SH | | DFND | 1 | 2,015,500 | 0 | 0 |
| SL Green Realty Corp | COM | 78440X887 | 1 | 32 | SH | | DFND | 1 | 32 | 0 | 0 |
| Spirit Realty Capital | COM | 84860W300 | 48,321 | 1,279,020 | SH | | DFND | 1 | 1,279,020 | 0 | 0 |
| STAG Industrial | COM | 85254J102 | 7,030 | 227,655 | SH | | DFND | 1 | 227,655 | 0 | 0 |
| Store Capital Corp | COM | 862121100 | 8,331 | 319,440 | SH | | DFND | 1 | 319,440 | 0 | 0 |
| Sun Communities Inc | COM | 866674104 | 286,739 | 1,799,315 | SH | | DFND | 1 | 1,799,315 | 0 | 0 |
| Sunstone Hotel Investors Inc | COM | 867892101 | 20,040 | 2,020,143 | SH | | DFND | 1 | 2,020,143 | 0 | 0 |
| Terreno Realty Corp | COM | 88146M101 | 2,092 | 37,539 | SH | | DFND | 1 | 37,539 | 0 | 0 |
| UDR Inc | COM | 902653104 | 234,470 | 5,092,742 | SH | | DFND | 1 | 5,092,742 | 0 | 0 |
| UMH Properties Inc | COM | 903002103 | 1,051 | 59,500 | SH | | DFND | 1 | 59,500 | 0 | 0 |
| Urban Edge Properties | COM | 91704F104 | 21,973 | 1,444,614 | SH | | DFND | 1 | 1,444,614 | 0 | 0 |
| Ventas Inc | COM | 92276F100 | 335,803 | 6,529,320 | SH | | DFND | 1 | 6,529,320 | 0 | 0 |
| Veris Residential Inc | COM | 554489104 | 36,569 | 2,762,018 | SH | | DFND | 1 | 2,762,018 | 0 | 0 |
| VICI Properties Inc | COM | 925652109 | 89,813 | 3,014,885 | SH | | DFND | 1 | 3,014,885 | 0 | 0 |
| Washington REIT | COM | 939653101 | 3 | 134 | SH | | DFND | 1 | 134 | 0 | 0 |
| Welltower Inc | COM | 95040Q104 | 217,960 | 2,646,756 | SH | | DFND | 1 | 2,646,756 | 0 | 0 |
| WeWork Inc | COM | 96209A104 | 9,438 | 1,879,995 | SH | | DFND | 1 | 1,879,995 | 0 | 0 |
| Weyerhaeuser Co | COM | 962166104 | 16,113 | 486,490 | SH | | DFND | 1 | 486,490 | 0 | 0 |
| WP Carey Inc | COM | 92936U109 | 21,419 | 258,499 | SH | | DFND | 1 | 258,499 | 0 | 0 |
| Xenia Hotels & Resorts Inc | COM | 984017103 | 77,986 | 5,367,242 | SH | | DFND | 1 | 5,367,242 | 0 | 0 |
| Acadia Realty Trust | COM | 004239109 | 13,318 | 852,630 | SH | | DFND | 2 | 852,630 | 0 | 0 |
| Agree Realty Corp | COM | 008492100 | 31,657 | 438,889 | SH | | DFND | 2 | 438,889 | 0 | 0 |
| Alexandria Real Estate Equitie | COM | 015271109 | 24,570 | 169,410 | SH | | DFND | 2 | 169,410 | 0 | 0 |
| American Homes 4 Rent | COM | 02665T306 | 33,372 | 941,640 | SH | | DFND | 2 | 941,640 | 0 | 0 |
| American Tower Corp | COM | 03027X100 | 11,657 | 45,610 | SH | | DFND | 2 | 45,610 | 0 | 0 |
| Americold Realty Trust Inc | COM | 03064D108 | 20,398 | 679,030 | SH | | DFND | 2 | 679,030 | 0 | 0 |
| Apartment Investment and Manag | COM | 03748R747 | 2,187 | 341,780 | SH | | DFND | 2 | 341,780 | 0 | 0 |
| Apple Hospitality REIT Inc | COM | 03784Y200 | 7,668 | 522,700 | SH | | DFND | 2 | 522,700 | 0 | 0 |
| Avalon Bay Communities | COM | 053484101 | 52,698 | 271,290 | SH | | DFND | 2 | 271,290 | 0 | 0 |
| Brixmor Property Group Inc | COM | 11120U105 | 30,524 | 1,510,331 | SH | | DFND | 2 | 1,510,331 | 0 | 0 |
| Broadstone Net Lease Inc | COM | 11135E203 | 14,672 | 715,380 | SH | | DFND | 2 | 715,380 | 0 | 0 |
| CareTrust REIT Inc | COM | 14174T107 | 4,932 | 267,470 | SH | | DFND | 2 | 267,470 | 0 | 0 |
| Cousins Properties Inc | COM | 222795502 | 15,388 | 526,440 | SH | | DFND | 2 | 526,440 | 0 | 0 |
| Digital Realty Trust Inc | COM | 253868103 | 47,823 | 368,350 | SH | | DFND | 2 | 368,350 | 0 | 0 |
| Diversified Healthcare Trust | COM | 25525P107 | 631 | 346,870 | SH | | DFND | 2 | 346,870 | 0 | 0 |
| Duke Realty Investments Inc | COM | 264411505 | 35,409 | 644,380 | SH | | DFND | 2 | 644,380 | 0 | 0 |
| EastGroup Properties Inc | COM | 277276101 | 8,388 | 54,350 | SH | | DFND | 2 | 54,350 | 0 | 0 |
| Empire State Realty Trust | COM | 292104106 | 3,774 | 536,810 | SH | | DFND | 2 | 536,810 | 0 | 0 |
| Equinix Inc | COM | 29444U700 | 76,069 | 115,779 | SH | | DFND | 2 | 115,779 | 0 | 0 |
| Equity Residential Properties | COM | 29476L107 | 52,340 | 724,730 | SH | | DFND | 2 | 724,730 | 0 | 0 |
| Extra Space Storage Inc | COM | 30225T102 | 17,754 | 104,360 | SH | | DFND | 2 | 104,360 | 0 | 0 |
| Federal Realty Investment Trus | COM | 313745101 | 7,585 | 79,220 | SH | | DFND | 2 | 79,220 | 0 | 0 |
| First Industrial Realty Trust | COM | 32054K103 | 22,050 | 464,410 | SH | | DFND | 2 | 464,410 | 0 | 0 |
| Four Corners Property Trust | COM | 35086T109 | 5,784 | 217,520 | SH | | DFND | 2 | 217,520 | 0 | 0 |
| Gaming and Leisure Properties | COM | 36467J108 | 7,258 | 158,269 | SH | | DFND | 2 | 158,269 | 0 | 0 |
| Healthpeak Properties Inc | COM | 42250P103 | 3,239 | 125,020 | SH | | DFND | 2 | 125,020 | 0 | 0 |
| Hudson Pacific Properties | COM | 444097109 | 3,382 | 227,920 | SH | | DFND | 2 | 227,920 | 0 | 0 |
| Invitation Homes Inc | COM | 46187W107 | 51,569 | 1,449,380 | SH | | DFND | 2 | 1,449,380 | 0 | 0 |
| JBG Smith Properties | COM | 46590V100 | 13,220 | 559,240 | SH | | DFND | 2 | 559,240 | 0 | 0 |
| Kilroy Realty Corporation | COM | 49427F108 | 24,296 | 464,280 | SH | | DFND | 2 | 464,280 | 0 | 0 |
| Lamar Advertising Company | COM | 512816109 | 3,302 | 37,530 | SH | | DFND | 2 | 37,530 | 0 | 0 |
| Life Storage Inc | COM | 53223X107 | 39,428 | 353,110 | SH | | DFND | 2 | 353,110 | 0 | 0 |
| Medical Properties Trust Inc | COM | 58463J304 | 22,178 | 1,452,360 | SH | | DFND | 2 | 1,452,360 | 0 | 0 |
| Mid-America Apartment Communit | COM | 59522J103 | 34,497 | 197,500 | SH | | DFND | 2 | 197,500 | 0 | 0 |
| Omega Healthcare Investors Inc | COM | 681936100 | 5,355 | 189,970 | SH | | DFND | 2 | 189,970 | 0 | 0 |
| Outfront Media Inc | COM | 69007J106 | 10,174 | 600,240 | SH | | DFND | 2 | 600,240 | 0 | 0 |
| Park Hotels & Resorts Inc | COM | 700517105 | 8,069 | 594,630 | SH | | DFND | 2 | 594,630 | 0 | 0 |
| Prologis Trust | COM | 74340W103 | 91,121 | 774,510 | SH | | DFND | 2 | 774,510 | 0 | 0 |
| Public Storage Inc | COM | 74460D109 | 63,322 | 202,520 | SH | | DFND | 2 | 202,520 | 0 | 0 |
| Realty Income Corp | COM | 756109104 | 36,982 | 541,776 | SH | | DFND | 2 | 541,776 | 0 | 0 |
| Rexford Industrial Realty | COM | 76169C100 | 23,097 | 401,060 | SH | | DFND | 2 | 401,060 | 0 | 0 |
| RPT Realty | COM | 74971D101 | 10,579 | 1,076,200 | SH | | DFND | 2 | 1,076,200 | 0 | 0 |
| Ryman Hospitality Properties | COM | 78377T107 | 5,936 | 78,080 | SH | | DFND | 2 | 78,080 | 0 | 0 |
| Sabra Health Care REIT Inc | COM | 78573L106 | 11,931 | 854,080 | SH | | DFND | 2 | 854,080 | 0 | 0 |
| Simon Property Group Inc | COM | 828806109 | 31,905 | 336,130 | SH | | DFND | 2 | 336,130 | 0 | 0 |
| Spirit Realty Capital | COM | 84860W300 | 14,690 | 388,830 | SH | | DFND | 2 | 388,830 | 0 | 0 |
| Sun Communities Inc | COM | 866674104 | 45,841 | 287,660 | SH | | DFND | 2 | 287,660 | 0 | 0 |
| Sunstone Hotel Investors Inc | COM | 867892101 | 6,007 | 605,520 | SH | | DFND | 2 | 605,520 | 0 | 0 |
| UDR Inc | COM | 902653104 | 36,020 | 782,370 | SH | | DFND | 2 | 782,370 | 0 | 0 |
| Urban Edge Properties | COM | 91704F104 | 5,944 | 390,770 | SH | | DFND | 2 | 390,770 | 0 | 0 |
| Ventas Inc | COM | 92276F100 | 55,135 | 1,072,040 | SH | | DFND | 2 | 1,072,040 | 0 | 0 |
| Veris Residential Inc | COM | 554489104 | 9,852 | 744,105 | SH | | DFND | 2 | 744,105 | 0 | 0 |
| VICI Properties Inc | COM | 925652109 | 16,239 | 545,130 | SH | | DFND | 2 | 545,130 | 0 | 0 |
| Welltower Inc | COM | 95040Q104 | 35,522 | 431,360 | SH | | DFND | 2 | 431,360 | 0 | 0 |
| WeWork Inc | COM | 96209A104 | 1,837 | 365,950 | SH | | DFND | 2 | 365,950 | 0 | 0 |
| Xenia Hotels & Resorts Inc | COM | 984017103 | 13,347 | 918,550 | SH | | DFND | 2 | 918,550 | 0 | 0 |
| Acadia Realty Trust | COM | 004239109 | 2,439 | 156,151 | SH | | DFND | 3 | 156,151 | 0 | 0 |
| Agree Realty Corp | COM | 008492100 | 6,961 | 96,510 | SH | | DFND | 3 | 96,510 | 0 | 0 |
| Alexandria Real Estate Equitie | COM | 015271109 | 3,239 | 22,330 | SH | | DFND | 3 | 22,330 | 0 | 0 |
| American Homes 4 Rent | COM | 02665T306 | 7,026 | 198,242 | SH | | DFND | 3 | 198,242 | 0 | 0 |
| American Tower Corp | COM | 03027X100 | 9,286 | 36,332 | SH | | DFND | 3 | 36,332 | 0 | 0 |
| Americold Realty Trust Inc | COM | 03064D108 | 4,225 | 140,630 | SH | | DFND | 3 | 140,630 | 0 | 0 |
| Apartment Investment and Manag | COM | 03748R747 | 137 | 21,400 | SH | | DFND | 3 | 21,400 | 0 | 0 |
| Apple Hospitality REIT Inc | COM | 03784Y200 | 358 | 24,420 | SH | | DFND | 3 | 24,420 | 0 | 0 |
| Avalon Bay Communities | COM | 053484101 | 9,328 | 48,020 | SH | | DFND | 3 | 48,020 | 0 | 0 |
| Brixmor Property Group Inc | COM | 11120U105 | 6,485 | 320,895 | SH | | DFND | 3 | 320,895 | 0 | 0 |
| Broadstone Net Lease Inc | COM | 11135E203 | 920 | 44,857 | SH | | DFND | 3 | 44,857 | 0 | 0 |
| CareTrust REIT Inc | COM | 14174T107 | 303 | 16,440 | SH | | DFND | 3 | 16,440 | 0 | 0 |
| Cousins Properties Inc | COM | 222795502 | 2,593 | 88,714 | SH | | DFND | 3 | 88,714 | 0 | 0 |
| Crown Castle Intl Corp | COM | 22822V101 | 3,943 | 23,420 | SH | | DFND | 3 | 23,420 | 0 | 0 |
| Digital Realty Trust Inc | COM | 253868103 | 7,944 | 61,190 | SH | | DFND | 3 | 61,190 | 0 | 0 |
| Diversified Healthcare Trust | COM | 25525P107 | 199 | 109,114 | SH | | DFND | 3 | 109,114 | 0 | 0 |
| Duke Realty Investments Inc | COM | 264411505 | 1,874 | 34,110 | SH | | DFND | 3 | 34,110 | 0 | 0 |
| EastGroup Properties Inc | COM | 277276101 | 545 | 3,530 | SH | | DFND | 3 | 3,530 | 0 | 0 |
| Equinix Inc | COM | 29444U700 | 14,926 | 22,717 | SH | | DFND | 3 | 22,717 | 0 | 0 |
| Equity Residential Properties | COM | 29476L107 | 8,644 | 119,690 | SH | | DFND | 3 | 119,690 | 0 | 0 |
| Extra Space Storage Inc | COM | 30225T102 | 877 | 5,158 | SH | | DFND | 3 | 5,158 | 0 | 0 |
| Federal Realty Investment Trus | COM | 313745101 | 358 | 3,740 | SH | | DFND | 3 | 3,740 | 0 | 0 |
| First Industrial Realty Trust | COM | 32054K103 | 2,923 | 61,570 | SH | | DFND | 3 | 61,570 | 0 | 0 |
| Four Corners Property Trust | COM | 35086T109 | 321 | 12,090 | SH | | DFND | 3 | 12,090 | 0 | 0 |
| Gaming and Leisure Properties | COM | 36467J108 | 456 | 9,954 | SH | | DFND | 3 | 9,954 | 0 | 0 |
| Healthpeak Properties Inc | COM | 42250P103 | 858 | 33,110 | SH | | DFND | 3 | 33,110 | 0 | 0 |
| Invitation Homes Inc | COM | 46187W107 | 10,106 | 284,030 | SH | | DFND | 3 | 284,030 | 0 | 0 |
| JBG Smith Properties | COM | 46590V100 | 2,824 | 119,438 | SH | | DFND | 3 | 119,438 | 0 | 0 |
| Kilroy Realty Corporation | COM | 49427F108 | 4,696 | 89,743 | SH | | DFND | 3 | 89,743 | 0 | 0 |
| Lamar Advertising Company | COM | 512816109 | 412 | 4,680 | SH | | DFND | 3 | 4,680 | 0 | 0 |
| Life Storage Inc | COM | 53223X107 | 9,362 | 83,844 | SH | | DFND | 3 | 83,844 | 0 | 0 |
| Medical Properties Trust Inc | COM | 58463J304 | 4,451 | 291,470 | SH | | DFND | 3 | 291,470 | 0 | 0 |
| Mid-America Apartment Communit | COM | 59522J103 | 5,855 | 33,518 | SH | | DFND | 3 | 33,518 | 0 | 0 |
| NetSTREIT Corp | COM | 64119V303 | 345 | 18,307 | SH | | DFND | 3 | 18,307 | 0 | 0 |
| Omega Healthcare Investors Inc | COM | 681936100 | 962 | 34,130 | SH | | DFND | 3 | 34,130 | 0 | 0 |
| Outfront Media Inc | COM | 69007J106 | 395 | 23,320 | SH | | DFND | 3 | 23,320 | 0 | 0 |
| Park Hotels & Resorts Inc | COM | 700517105 | 1,732 | 127,620 | SH | | DFND | 3 | 127,620 | 0 | 0 |
| Prologis Trust | COM | 74340W103 | 19,912 | 169,250 | SH | | DFND | 3 | 169,250 | 0 | 0 |
| Public Storage Inc | COM | 74460D109 | 10,993 | 35,160 | SH | | DFND | 3 | 35,160 | 0 | 0 |
| Realty Income Corp | COM | 756109104 | 5,314 | 77,850 | SH | | DFND | 3 | 77,850 | 0 | 0 |
| Rexford Industrial Realty | COM | 76169C100 | 4,946 | 85,880 | SH | | DFND | 3 | 85,880 | 0 | 0 |
| RPT Realty | COM | 74971D101 | 2,415 | 245,710 | SH | | DFND | 3 | 245,710 | 0 | 0 |
| Ryman Hospitality Properties | COM | 78377T107 | 1,233 | 16,211 | SH | | DFND | 3 | 16,211 | 0 | 0 |
| Sabra Health Care REIT Inc | COM | 78573L106 | 2,642 | 189,100 | SH | | DFND | 3 | 189,100 | 0 | 0 |
| SBA Communications Corp | COM | 78410G104 | 2,631 | 8,220 | SH | | DFND | 3 | 8,220 | 0 | 0 |
| Simon Property Group Inc | COM | 828806109 | 4,828 | 50,860 | SH | | DFND | 3 | 50,860 | 0 | 0 |
| Spirit Realty Capital | COM | 84860W300 | 768 | 20,330 | SH | | DFND | 3 | 20,330 | 0 | 0 |
| Sun Communities Inc | COM | 866674104 | 8,915 | 55,940 | SH | | DFND | 3 | 55,940 | 0 | 0 |
| Sunstone Hotel Investors Inc | COM | 867892101 | 286 | 28,870 | SH | | DFND | 3 | 28,870 | 0 | 0 |
| UDR Inc | COM | 902653104 | 7,172 | 155,770 | SH | | DFND | 3 | 155,770 | 0 | 0 |
| Urban Edge Properties | COM | 91704F104 | 329 | 21,630 | SH | | DFND | 3 | 21,630 | 0 | 0 |
| Ventas Inc | COM | 92276F100 | 11,560 | 224,770 | SH | | DFND | 3 | 224,770 | 0 | 0 |
| Veris Residential Inc | COM | 554489104 | 608 | 45,912 | SH | | DFND | 3 | 45,912 | 0 | 0 |
| VICI Properties Inc | COM | 925652109 | 1,805 | 60,590 | SH | | DFND | 3 | 60,590 | 0 | 0 |
| Welltower Inc | COM | 95040Q104 | 4,750 | 57,680 | SH | | DFND | 3 | 57,680 | 0 | 0 |
| WeWork Inc | COM | 96209A104 | 404 | 80,511 | SH | | DFND | 3 | 80,511 | 0 | 0 |
| Weyerhaeuser Co | COM | 962166104 | 1,774 | 53,560 | SH | | DFND | 3 | 53,560 | 0 | 0 |
| Xenia Hotels & Resorts Inc | COM | 984017103 | 3,074 | 211,557 | SH | | DFND | 3 | 211,557 | 0 | 0 |
| Acadia Realty Trust | COM | 004239109 | 2,842 | 181,915 | SH | | DFND | 4 | 181,915 | 0 | 0 |
| Agree Realty Corp | COM | 008492100 | 7,659 | 106,190 | SH | | DFND | 4 | 106,190 | 0 | 0 |
| Alexandria Real Estate Equitie | COM | 015271109 | 1,723 | 11,880 | SH | | DFND | 4 | 11,880 | 0 | 0 |
| American Homes 4 Rent | COM | 02665T306 | 8,701 | 245,520 | SH | | DFND | 4 | 245,520 | 0 | 0 |
| Americold Realty Trust Inc | COM | 03064D108 | 5,195 | 172,950 | SH | | DFND | 4 | 172,950 | 0 | 0 |
| Avalon Bay Communities | COM | 053484101 | 11,571 | 59,570 | SH | | DFND | 4 | 59,570 | 0 | 0 |
| Brixmor Property Group Inc | COM | 11120U105 | 8,290 | 410,206 | SH | | DFND | 4 | 410,206 | 0 | 0 |
| Cousins Properties Inc | COM | 222795502 | 3,365 | 115,120 | SH | | DFND | 4 | 115,120 | 0 | 0 |
| Digital Realty Trust Inc | COM | 253868103 | 9,313 | 71,730 | SH | | DFND | 4 | 71,730 | 0 | 0 |
| Diversified Healthcare Trust | COM | 25525P107 | 311 | 170,921 | SH | | DFND | 4 | 170,921 | 0 | 0 |
| Equinix Inc | COM | 29444U700 | 18,933 | 28,817 | SH | | DFND | 4 | 28,817 | 0 | 0 |
| Equity Residential Properties | COM | 29476L107 | 10,707 | 148,260 | SH | | DFND | 4 | 148,260 | 0 | 0 |
| First Industrial Realty Trust | COM | 32054K103 | 5,009 | 105,505 | SH | | DFND | 4 | 105,505 | 0 | 0 |
| Healthpeak Properties Inc | COM | 42250P103 | 1,078 | 41,620 | SH | | DFND | 4 | 41,620 | 0 | 0 |
| Invitation Homes Inc | COM | 46187W107 | 12,663 | 355,910 | SH | | DFND | 4 | 355,910 | 0 | 0 |
| JBG Smith Properties | COM | 46590V100 | 3,887 | 164,438 | SH | | DFND | 4 | 164,438 | 0 | 0 |
| Kilroy Realty Corporation | COM | 49427F108 | 5,443 | 104,010 | SH | | DFND | 4 | 104,010 | 0 | 0 |
| Life Storage Inc | COM | 53223X107 | 11,982 | 107,310 | SH | | DFND | 4 | 107,310 | 0 | 0 |
| Medical Properties Trust Inc | COM | 58463J304 | 5,562 | 364,240 | SH | | DFND | 4 | 364,240 | 0 | 0 |
| Mid-America Apartment Communit | COM | 59522J103 | 6,707 | 38,400 | SH | | DFND | 4 | 38,400 | 0 | 0 |
| Omega Healthcare Investors Inc | COM | 681936100 | 1,108 | 39,320 | SH | | DFND | 4 | 39,320 | 0 | 0 |
| Park Hotels & Resorts Inc | COM | 700517105 | 2,380 | 175,360 | SH | | DFND | 4 | 175,360 | 0 | 0 |
| Prologis Trust | COM | 74340W103 | 24,368 | 207,120 | SH | | DFND | 4 | 207,120 | 0 | 0 |
| Public Storage Inc | COM | 74460D109 | 13,786 | 44,090 | SH | | DFND | 4 | 44,090 | 0 | 0 |
| Realty Income Corp | COM | 756109104 | 7,507 | 109,983 | SH | | DFND | 4 | 109,983 | 0 | 0 |
| Rexford Industrial Realty | COM | 76169C100 | 6,076 | 105,510 | SH | | DFND | 4 | 105,510 | 0 | 0 |
| RPT Realty | COM | 74971D101 | 3,187 | 324,260 | SH | | DFND | 4 | 324,260 | 0 | 0 |
| Ryman Hospitality Properties | COM | 78377T107 | 1,702 | 22,380 | SH | | DFND | 4 | 22,380 | 0 | 0 |
| Sabra Health Care REIT Inc | COM | 78573L106 | 3,455 | 247,300 | SH | | DFND | 4 | 247,300 | 0 | 0 |
| Simon Property Group Inc | COM | 828806109 | 5,464 | 57,560 | SH | | DFND | 4 | 57,560 | 0 | 0 |
| Sun Communities Inc | COM | 866674104 | 10,562 | 66,280 | SH | | DFND | 4 | 66,280 | 0 | 0 |
| UDR Inc | COM | 902653104 | 8,872 | 192,700 | SH | | DFND | 4 | 192,700 | 0 | 0 |
| Ventas Inc | COM | 92276F100 | 15,017 | 291,980 | SH | | DFND | 4 | 291,980 | 0 | 0 |
| VICI Properties Inc | COM | 925652109 | 1,351 | 45,360 | SH | | DFND | 4 | 45,360 | 0 | 0 |
| Welltower Inc | COM | 95040Q104 | 4,842 | 58,800 | SH | | DFND | 4 | 58,800 | 0 | 0 |
| WeWork Inc | COM | 96209A104 | 514 | 102,440 | SH | | DFND | 4 | 102,440 | 0 | 0 |
| Xenia Hotels & Resorts Inc | COM | 984017103 | 4,028 | 277,231 | SH | | DFND | 4 | 277,231 | 0 | 0 |
