| 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 |
| Agree Realty Corp | COM | 008492100 | 153,882,604 | 2,689,315 | SH | | DFND | 1 | 2,689,315 | 0 | 0 |
| Alexandria Real Estate Equitie | COM | 015271109 | 57,457,036 | 495,875 | SH | | DFND | 1 | 495,875 | 0 | 0 |
| American Healthcare REIT Inc | COM | 398182303 | 48,216,314 | 3,511,749 | SH | | DFND | 1 | 3,511,749 | 0 | 0 |
| American Homes 4 Rent | COM | 02665T306 | 15,462,020 | 431,900 | SH | | DFND | 1 | 431,900 | 0 | 0 |
| American Tower Corp | COM | 03027X100 | 99,303,389 | 578,826 | SH | | DFND | 1 | 578,826 | 0 | 0 |
| Americold Realty Trust Inc | COM | 03064D108 | 29,614,264 | 1,347,941 | SH | | DFND | 1 | 1,347,941 | 0 | 0 |
| Apartment Income REIT Corp | COM | 03750L109 | 4,898,363 | 127,628 | SH | | DFND | 1 | 127,628 | 0 | 0 |
| Avalon Bay Communities | COM | 053484101 | 74,640,154 | 393,734 | SH | | DFND | 1 | 393,734 | 0 | 0 |
| Boston Properties | COM | 101121101 | 96,904,886 | 1,565,760 | SH | | DFND | 1 | 1,565,760 | 0 | 0 |
| Brixmor Property Group Inc | COM | 11120U105 | 120,280,841 | 5,442,572 | SH | | DFND | 1 | 5,442,572 | 0 | 0 |
| Broadstone Net Lease Inc | COM | 11135E203 | 26,898,639 | 1,847,434 | SH | | DFND | 1 | 1,847,434 | 0 | 0 |
| Camden Property Trust | COM | 133131102 | 180,606,703 | 1,811,865 | SH | | DFND | 1 | 1,811,865 | 0 | 0 |
| CareTrust REIT Inc | COM | 14174T107 | 54,716,014 | 2,213,431 | SH | | DFND | 1 | 2,213,431 | 0 | 0 |
| Centerspace | COM | 15202L107 | 981,850 | 14,600 | SH | | DFND | 1 | 14,600 | 0 | 0 |
| COPT Defense Properties | COM | 22002T108 | 1,278,512 | 53,338 | SH | | DFND | 1 | 53,338 | 0 | 0 |
| Corp Inmobiliaria Vesta SAB | COM | 92540K109 | 7,912,942 | 222,837 | SH | | DFND | 1 | 222,837 | 0 | 0 |
| Cousins Properties Inc | COM | 222795502 | 86,112,333 | 3,753,807 | SH | | DFND | 1 | 3,753,807 | 0 | 0 |
| Crown Castle Intl Corp | COM | 22822V101 | 4,383,277 | 46,740 | SH | | DFND | 1 | 46,740 | 0 | 0 |
| DiamondRock Hospitality Co | COM | 252784301 | 41,665,866 | 4,681,558 | SH | | DFND | 1 | 4,681,558 | 0 | 0 |
| Digital Realty Trust Inc | COM | 253868103 | 279,923,007 | 2,017,027 | SH | | DFND | 1 | 2,017,027 | 0 | 0 |
| DigitalBridge Group Inc | COM | 25401T603 | 1,274,100 | 77,500 | SH | | DFND | 1 | 77,500 | 0 | 0 |
| Douglas Emmett Inc | COM | 25960P109 | 44,810,436 | 3,268,449 | SH | | DFND | 1 | 3,268,449 | 0 | 0 |
| EastGroup Properties Inc | COM | 277276101 | 5,091,147 | 32,770 | SH | | DFND | 1 | 32,770 | 0 | 0 |
| Elme Communities | COM | 939653101 | 4,207,127 | 277,515 | SH | | DFND | 1 | 277,515 | 0 | 0 |
| Equinix Inc | COM | 29444U700 | 515,005,773 | 724,228 | SH | | DFND | 1 | 724,228 | 0 | 0 |
| Equity Lifestyle Properties | COM | 29472R108 | 7,417,479 | 123,030 | SH | | DFND | 1 | 123,030 | 0 | 0 |
| Equity Residential Properties | COM | 29476L107 | 228,835,032 | 3,553,339 | SH | | DFND | 1 | 3,553,339 | 0 | 0 |
| Essential Properties Realty | COM | 29670E107 | 516,264 | 19,600 | SH | | DFND | 1 | 19,600 | 0 | 0 |
| Essex Property Trust Inc | COM | 297178105 | 23,153,903 | 94,026 | SH | | DFND | 1 | 94,026 | 0 | 0 |
| Extra Space Storage Inc | COM | 30225T102 | 262,739,633 | 1,956,655 | SH | | DFND | 1 | 1,956,655 | 0 | 0 |
| Federal Realty Investment Trus | COM | 313745101 | 17,659,628 | 169,527 | SH | | DFND | 1 | 169,527 | 0 | 0 |
| First Industrial Realty Trust | COM | 32054K103 | 178,900,114 | 3,938,796 | SH | | DFND | 1 | 3,938,796 | 0 | 0 |
| Four Corners Property Trust | COM | 35086T109 | 455,540 | 19,426 | SH | | DFND | 1 | 19,426 | 0 | 0 |
| Healthcare Realty Trust Inc | COM | 42226K105 | 1,245,538 | 87,529 | SH | | DFND | 1 | 87,529 | 0 | 0 |
| Healthpeak Properties Inc | COM | 42250P103 | 158,014,793 | 8,490,854 | SH | | DFND | 1 | 8,490,854 | 0 | 0 |
| Host Hotels & Resorts Inc | COM | 44107P104 | 118,735,192 | 6,292,273 | SH | | DFND | 1 | 6,292,273 | 0 | 0 |
| Independence Realty Trust Inc | COM | 45378A106 | 14,546,753 | 922,432 | SH | | DFND | 1 | 922,432 | 0 | 0 |
| Invitation Homes Inc | COM | 46187W107 | 228,088,213 | 6,669,246 | SH | | DFND | 1 | 6,669,246 | 0 | 0 |
| Iron Mountain Inc | COM | 46284V101 | 88,433,498 | 1,140,783 | SH | | DFND | 1 | 1,140,783 | 0 | 0 |
| Kilroy Realty Corporation | COM | 49427F108 | 68,903,497 | 2,038,565 | SH | | DFND | 1 | 2,038,565 | 0 | 0 |
| Kimco Realty Corp | COM | 49446R109 | 206,890,621 | 11,105,240 | SH | | DFND | 1 | 11,105,240 | 0 | 0 |
| Lamar Advertising Company | COM | 512816109 | 51,674,082 | 446,043 | SH | | DFND | 1 | 446,043 | 0 | 0 |
| LXP Industrial Trust | COM | 529043101 | 2,358,959 | 282,510 | SH | | DFND | 1 | 282,510 | 0 | 0 |
| Medical Properties Trust Inc | COM | 58463J304 | 34,836,660 | 7,573,187 | SH | | DFND | 1 | 7,573,187 | 0 | 0 |
| Mid-America Apartment Communit | COM | 59522J103 | 15,424,500 | 118,650 | SH | | DFND | 1 | 118,650 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 | 1,054,778 | 15,750 | SH | | DFND | 1 | 15,750 | 0 | 0 |
| NNN REIT | COM | 637417106 | 92,977,036 | 2,294,030 | SH | | DFND | 1 | 2,294,030 | 0 | 0 |
| Omega Healthcare Investors Inc | COM | 681936100 | 80,460,998 | 2,645,873 | SH | | DFND | 1 | 2,645,873 | 0 | 0 |
| Outfront Media Inc | COM | 69007J106 | 1,344,674 | 84,784 | SH | | DFND | 1 | 84,784 | 0 | 0 |
| Paramount Group Inc | COM | 69924R108 | 10,488,159 | 2,260,379 | SH | | DFND | 1 | 2,260,379 | 0 | 0 |
| Pebblebrook Hotel Trust | COM | 70509V100 | 445,054 | 30,630 | SH | | DFND | 1 | 30,630 | 0 | 0 |
| Prologis Trust | COM | 74340W103 | 546,153,945 | 5,351,827 | SH | | DFND | 1 | 5,351,827 | 0 | 0 |
| Public Storage Inc | COM | 74460D109 | 236,958,280 | 913,310 | SH | | DFND | 1 | 913,310 | 0 | 0 |
| Realty Income Corp | COM | 756109104 | 272,391,175 | 5,087,620 | SH | | DFND | 1 | 5,087,620 | 0 | 0 |
| Regency Centers Corp | COM | 758849103 | 18,212,756 | 307,544 | SH | | DFND | 1 | 307,544 | 0 | 0 |
| Retail Opportunity Investments | COM | 76131N101 | 88,643,548 | 7,224,413 | SH | | DFND | 1 | 7,224,413 | 0 | 0 |
| Rexford Industrial Realty | COM | 76169C100 | 133,134,220 | 3,109,886 | SH | | DFND | 1 | 3,109,886 | 0 | 0 |
| Ryman Hospitality Properties | COM | 78377T107 | 1,832,926 | 17,377 | SH | | DFND | 1 | 17,377 | 0 | 0 |
| Saul Centers Inc | COM | 804395101 | 507,191 | 13,930 | SH | | DFND | 1 | 13,930 | 0 | 0 |
| SBA Communications Corp | COM | 78410G104 | 30,318,762 | 162,899 | SH | | DFND | 1 | 162,899 | 0 | 0 |
| Simon Property Group Inc | COM | 828806109 | 191,568,529 | 1,363,186 | SH | | DFND | 1 | 1,363,186 | 0 | 0 |
| STAG Industrial | COM | 85254J102 | 4,463,822 | 129,800 | SH | | DFND | 1 | 129,800 | 0 | 0 |
| Sun Communities Inc | COM | 866674104 | 186,340,329 | 1,673,916 | SH | | DFND | 1 | 1,673,916 | 0 | 0 |
| Terreno Realty Corp | COM | 88146M101 | 5,375,269 | 98,901 | SH | | DFND | 1 | 98,901 | 0 | 0 |
| UDR Inc | COM | 902653104 | 283,353,204 | 7,440,998 | SH | | DFND | 1 | 7,440,998 | 0 | 0 |
| Urban Edge Properties | COM | 91704F104 | 26,103,752 | 1,560,296 | SH | | DFND | 1 | 1,560,296 | 0 | 0 |
| Ventas Inc | COM | 92276F100 | 270,413,355 | 6,106,896 | SH | | DFND | 1 | 6,106,896 | 0 | 0 |
| VICI Properties Inc | COM | 925652109 | 117,440,339 | 4,113,497 | SH | | DFND | 1 | 4,113,497 | 0 | 0 |
| Welltower Inc | COM | 95040Q104 | 396,726,673 | 4,163,798 | SH | | DFND | 1 | 4,163,798 | 0 | 0 |
| Weyerhaeuser Co | COM | 962166104 | 12,231,190 | 405,409 | SH | | DFND | 1 | 405,409 | 0 | 0 |
| WP Carey Inc | COM | 92936U109 | 537,377 | 9,799 | SH | | DFND | 1 | 9,799 | 0 | 0 |
| Xenia Hotels & Resorts Inc | COM | 984017103 | 41,510,954 | 2,992,859 | SH | | DFND | 1 | 2,992,859 | 0 | 0 |
| Agree Realty Corp | COM | 008492100 | 35,693,378 | 623,792 | SH | | DFND | 2 | 623,792 | 0 | 0 |
| Alexandria Real Estate Equitie | COM | 015271109 | 18,668,974 | 161,120 | SH | | DFND | 2 | 161,120 | 0 | 0 |
| American Healthcare REIT Inc | COM | 398182303 | 11,153,566 | 812,350 | SH | | DFND | 2 | 812,350 | 0 | 0 |
| American Tower Corp | COM | 03027X100 | 9,629,663 | 56,130 | SH | | DFND | 2 | 56,130 | 0 | 0 |
| Americold Realty Trust Inc | COM | 03064D108 | 8,276,538 | 376,720 | SH | | DFND | 2 | 376,720 | 0 | 0 |
| Avalon Bay Communities | COM | 053484101 | 21,650,790 | 114,210 | SH | | DFND | 2 | 114,210 | 0 | 0 |
| Boston Properties | COM | 101121101 | 19,606,752 | 316,800 | SH | | DFND | 2 | 316,800 | 0 | 0 |
| Brixmor Property Group Inc | COM | 11120U105 | 28,848,014 | 1,305,340 | SH | | DFND | 2 | 1,305,340 | 0 | 0 |
| Broadstone Net Lease Inc | COM | 11135E203 | 8,345,792 | 573,200 | SH | | DFND | 2 | 573,200 | 0 | 0 |
| Camden Property Trust | COM | 133131102 | 37,071,789 | 371,908 | SH | | DFND | 2 | 371,908 | 0 | 0 |
| CareTrust REIT Inc | COM | 14174T107 | 12,578,278 | 508,830 | SH | | DFND | 2 | 508,830 | 0 | 0 |
| Cousins Properties Inc | COM | 222795502 | 20,918,757 | 911,890 | SH | | DFND | 2 | 911,890 | 0 | 0 |
| DiamondRock Hospitality Co | COM | 252784301 | 13,370,915 | 1,502,350 | SH | | DFND | 2 | 1,502,350 | 0 | 0 |
| Digital Realty Trust Inc | COM | 253868103 | 64,921,284 | 467,800 | SH | | DFND | 2 | 467,800 | 0 | 0 |
| Douglas Emmett Inc | COM | 25960P109 | 12,329,129 | 899,280 | SH | | DFND | 2 | 899,280 | 0 | 0 |
| Elme Communities | COM | 939653101 | 1,602,276 | 105,691 | SH | | DFND | 2 | 105,691 | 0 | 0 |
| Equinix Inc | COM | 29444U700 | 124,605,672 | 175,227 | SH | | DFND | 2 | 175,227 | 0 | 0 |
| Equity Residential Properties | COM | 29476L107 | 55,185,004 | 856,910 | SH | | DFND | 2 | 856,910 | 0 | 0 |
| Extra Space Storage Inc | COM | 30225T102 | 62,757,101 | 467,360 | SH | | DFND | 2 | 467,360 | 0 | 0 |
| First Industrial Realty Trust | COM | 32054K103 | 35,288,161 | 776,930 | SH | | DFND | 2 | 776,930 | 0 | 0 |
| Healthpeak Properties Inc | COM | 42250P103 | 38,786,218 | 2,084,160 | SH | | DFND | 2 | 2,084,160 | 0 | 0 |
| Host Hotels & Resorts Inc | COM | 44107P104 | 30,085,007 | 1,594,330 | SH | | DFND | 2 | 1,594,330 | 0 | 0 |
| Independence Realty Trust Inc | COM | 45378A106 | 5,894,258 | 373,764 | SH | | DFND | 2 | 373,764 | 0 | 0 |
| Invitation Homes Inc | COM | 46187W107 | 52,545,564 | 1,536,420 | SH | | DFND | 2 | 1,536,420 | 0 | 0 |
| Iron Mountain Inc | COM | 46284V101 | 28,167,590 | 363,359 | SH | | DFND | 2 | 363,359 | 0 | 0 |
| Kilroy Realty Corporation | COM | 49427F108 | 15,416,518 | 456,110 | SH | | DFND | 2 | 456,110 | 0 | 0 |
| Kimco Realty Corp | COM | 49446R109 | 49,425,204 | 2,652,990 | SH | | DFND | 2 | 2,652,990 | 0 | 0 |
| Lamar Advertising Company | COM | 512816109 | 19,803,399 | 170,940 | SH | | DFND | 2 | 170,940 | 0 | 0 |
| Medical Properties Trust Inc | COM | 58463J304 | 9,017,398 | 1,960,304 | SH | | DFND | 2 | 1,960,304 | 0 | 0 |
| NNN REIT | COM | 637417106 | 23,534,839 | 580,677 | SH | | DFND | 2 | 580,677 | 0 | 0 |
| Omega Healthcare Investors Inc | COM | 681936100 | 22,496,102 | 739,760 | SH | | DFND | 2 | 739,760 | 0 | 0 |
| Outfront Media Inc | COM | 69007J106 | 817,424 | 51,540 | SH | | DFND | 2 | 51,540 | 0 | 0 |
| Paramount Group Inc | COM | 69924R108 | 2,635,938 | 568,090 | SH | | DFND | 2 | 568,090 | 0 | 0 |
| Prologis Trust | COM | 74340W103 | 126,091,857 | 1,235,589 | SH | | DFND | 2 | 1,235,589 | 0 | 0 |
| Public Storage Inc | COM | 74460D109 | 59,045,631 | 227,580 | SH | | DFND | 2 | 227,580 | 0 | 0 |
| Realty Income Corp | COM | 756109104 | 75,628,998 | 1,412,570 | SH | | DFND | 2 | 1,412,570 | 0 | 0 |
| Retail Opportunity Investments | COM | 76131N101 | 19,930,652 | 1,624,340 | SH | | DFND | 2 | 1,624,340 | 0 | 0 |
| Rexford Industrial Realty | COM | 76169C100 | 27,787,971 | 649,100 | SH | | DFND | 2 | 649,100 | 0 | 0 |
| Simon Property Group Inc | COM | 828806109 | 52,971,378 | 376,940 | SH | | DFND | 2 | 376,940 | 0 | 0 |
| Sun Communities Inc | COM | 866674104 | 44,287,883 | 397,843 | SH | | DFND | 2 | 397,843 | 0 | 0 |
| UDR Inc | COM | 902653104 | 62,168,646 | 1,632,580 | SH | | DFND | 2 | 1,632,580 | 0 | 0 |
| Urban Edge Properties | COM | 91704F104 | 10,047,954 | 600,595 | SH | | DFND | 2 | 600,595 | 0 | 0 |
| Ventas Inc | COM | 92276F100 | 58,581,997 | 1,322,990 | SH | | DFND | 2 | 1,322,990 | 0 | 0 |
| VICI Properties Inc | COM | 925652109 | 36,665,052 | 1,284,240 | SH | | DFND | 2 | 1,284,240 | 0 | 0 |
| Welltower Inc | COM | 95040Q104 | 90,046,270 | 945,070 | SH | | DFND | 2 | 945,070 | 0 | 0 |
| Xenia Hotels & Resorts Inc | COM | 984017103 | 10,567,137 | 761,870 | SH | | DFND | 2 | 761,870 | 0 | 0 |
| Agree Realty Corp | COM | 008492100 | 4,641,515 | 81,117 | SH | | DFND | 3 | 81,117 | 0 | 0 |
| Alexandria Real Estate Equitie | COM | 015271109 | 244,486 | 2,110 | SH | | DFND | 3 | 2,110 | 0 | 0 |
| American Healthcare REIT Inc | COM | 398182303 | 1,960,095 | 142,760 | SH | | DFND | 3 | 142,760 | 0 | 0 |
| American Tower Corp | COM | 03027X100 | 3,197,878 | 18,640 | SH | | DFND | 3 | 18,640 | 0 | 0 |
| Americold Realty Trust Inc | COM | 03064D108 | 832,224 | 37,880 | SH | | DFND | 3 | 37,880 | 0 | 0 |
| Avalon Bay Communities | COM | 053484101 | 337,435 | 1,780 | SH | | DFND | 3 | 1,780 | 0 | 0 |
| Boston Properties | COM | 101121101 | 2,471,268 | 39,930 | SH | | DFND | 3 | 39,930 | 0 | 0 |
| Brixmor Property Group Inc | COM | 11120U105 | 3,733,353 | 168,930 | SH | | DFND | 3 | 168,930 | 0 | 0 |
| Broadstone Net Lease Inc | COM | 11135E203 | 694,396 | 47,692 | SH | | DFND | 3 | 47,692 | 0 | 0 |
| Camden Property Trust | COM | 133131102 | 5,583,874 | 56,018 | SH | | DFND | 3 | 56,018 | 0 | 0 |
| CareTrust REIT Inc | COM | 14174T107 | 1,842,629 | 74,540 | SH | | DFND | 3 | 74,540 | 0 | 0 |
| Corp Inmobiliaria Vesta SAB | COM | 92540K109 | 972,619 | 27,390 | SH | | DFND | 3 | 27,390 | 0 | 0 |
| Cousins Properties Inc | COM | 222795502 | 2,681,457 | 116,890 | SH | | DFND | 3 | 116,890 | 0 | 0 |
| DiamondRock Hospitality Co | COM | 252784301 | 683,431 | 76,790 | SH | | DFND | 3 | 76,790 | 0 | 0 |
| Digital Realty Trust Inc | COM | 253868103 | 8,163,040 | 58,820 | SH | | DFND | 3 | 58,820 | 0 | 0 |
| Douglas Emmett Inc | COM | 25960P109 | 1,367,847 | 99,770 | SH | | DFND | 3 | 99,770 | 0 | 0 |
| Equinix Inc | COM | 29444U700 | 15,768,153 | 22,174 | SH | | DFND | 3 | 22,174 | 0 | 0 |
| Equity Residential Properties | COM | 29476L107 | 6,396,208 | 99,320 | SH | | DFND | 3 | 99,320 | 0 | 0 |
| Extra Space Storage Inc | COM | 30225T102 | 8,381,758 | 62,420 | SH | | DFND | 3 | 62,420 | 0 | 0 |
| First Industrial Realty Trust | COM | 32054K103 | 4,985,299 | 109,760 | SH | | DFND | 3 | 109,760 | 0 | 0 |
| Healthpeak Properties Inc | COM | 42250P103 | 5,408,624 | 290,630 | SH | | DFND | 3 | 290,630 | 0 | 0 |
| Host Hotels & Resorts Inc | COM | 44107P104 | 3,984,023 | 211,130 | SH | | DFND | 3 | 211,130 | 0 | 0 |
| Invitation Homes Inc | COM | 46187W107 | 6,118,722 | 178,910 | SH | | DFND | 3 | 178,910 | 0 | 0 |
| Iron Mountain Inc | COM | 46284V101 | 1,541,718 | 19,888 | SH | | DFND | 3 | 19,888 | 0 | 0 |
| Kilroy Realty Corporation | COM | 49427F108 | 1,761,419 | 52,113 | SH | | DFND | 3 | 52,113 | 0 | 0 |
| Kimco Realty Corp | COM | 49446R109 | 6,714,066 | 360,390 | SH | | DFND | 3 | 360,390 | 0 | 0 |
| Lamar Advertising Company | COM | 512816109 | 553,763 | 4,780 | SH | | DFND | 3 | 4,780 | 0 | 0 |
| Medical Properties Trust Inc | COM | 58463J304 | 1,445,591 | 314,259 | SH | | DFND | 3 | 314,259 | 0 | 0 |
| NNN REIT | COM | 637417106 | 3,707,644 | 91,479 | SH | | DFND | 3 | 91,479 | 0 | 0 |
| Omega Healthcare Investors Inc | COM | 681936100 | 2,805,018 | 92,240 | SH | | DFND | 3 | 92,240 | 0 | 0 |
| Paramount Group Inc | COM | 69924R108 | 467,898 | 100,840 | SH | | DFND | 3 | 100,840 | 0 | 0 |
| Prologis Trust | COM | 74340W103 | 13,343,038 | 130,750 | SH | | DFND | 3 | 130,750 | 0 | 0 |
| Public Storage Inc | COM | 74460D109 | 5,822,058 | 22,440 | SH | | DFND | 3 | 22,440 | 0 | 0 |
| Realty Income Corp | COM | 756109104 | 8,579,250 | 160,240 | SH | | DFND | 3 | 160,240 | 0 | 0 |
| Retail Opportunity Investments | COM | 76131N101 | 2,921,242 | 238,080 | SH | | DFND | 3 | 238,080 | 0 | 0 |
| Rexford Industrial Realty | COM | 76169C100 | 3,987,323 | 93,140 | SH | | DFND | 3 | 93,140 | 0 | 0 |
| SBA Communications Corp | COM | 78410G104 | 1,019,938 | 5,480 | SH | | DFND | 3 | 5,480 | 0 | 0 |
| Simon Property Group Inc | COM | 828806109 | 5,358,409 | 38,130 | SH | | DFND | 3 | 38,130 | 0 | 0 |
| Sun Communities Inc | COM | 866674104 | 5,646,039 | 50,719 | SH | | DFND | 3 | 50,719 | 0 | 0 |
| UDR Inc | COM | 902653104 | 9,173,853 | 240,910 | SH | | DFND | 3 | 240,910 | 0 | 0 |
| Urban Edge Properties | COM | 91704F104 | 181,805 | 10,867 | SH | | DFND | 3 | 10,867 | 0 | 0 |
| Ventas Inc | COM | 92276F100 | 8,473,421 | 191,360 | SH | | DFND | 3 | 191,360 | 0 | 0 |
| VICI Properties Inc | COM | 925652109 | 3,481,102 | 121,930 | SH | | DFND | 3 | 121,930 | 0 | 0 |
| Welltower Inc | COM | 95040Q104 | 10,723,764 | 112,550 | SH | | DFND | 3 | 112,550 | 0 | 0 |
| Weyerhaeuser Co | COM | 962166104 | 656,801 | 21,770 | SH | | DFND | 3 | 21,770 | 0 | 0 |
| Xenia Hotels & Resorts Inc | COM | 984017103 | 1,756,913 | 126,670 | SH | | DFND | 3 | 126,670 | 0 | 0 |
| Agree Realty Corp | COM | 008492100 | 4,258,827 | 74,429 | SH | | DFND | 4 | 74,429 | 0 | 0 |
| American Healthcare REIT Inc | COM | 398182303 | 1,939,088 | 141,230 | SH | | DFND | 4 | 141,230 | 0 | 0 |
| Americold Realty Trust Inc | COM | 03064D108 | 795,534 | 36,210 | SH | | DFND | 4 | 36,210 | 0 | 0 |
| Boston Properties | COM | 101121101 | 2,322,113 | 37,520 | SH | | DFND | 4 | 37,520 | 0 | 0 |
| Brixmor Property Group Inc | COM | 11120U105 | 3,789,708 | 171,480 | SH | | DFND | 4 | 171,480 | 0 | 0 |
| Broadstone Net Lease Inc | COM | 11135E203 | 587,278 | 40,335 | SH | | DFND | 4 | 40,335 | 0 | 0 |
| Camden Property Trust | COM | 133131102 | 5,676,776 | 56,950 | SH | | DFND | 4 | 56,950 | 0 | 0 |
| CareTrust REIT Inc | COM | 14174T107 | 1,787,503 | 72,310 | SH | | DFND | 4 | 72,310 | 0 | 0 |
| Corp Inmobiliaria Vesta SAB | COM | 92540K109 | 1,116,790 | 31,450 | SH | | DFND | 4 | 31,450 | 0 | 0 |
| Cousins Properties Inc | COM | 222795502 | 2,664,940 | 116,170 | SH | | DFND | 4 | 116,170 | 0 | 0 |
| DiamondRock Hospitality Co | COM | 252784301 | 382,700 | 43,000 | SH | | DFND | 4 | 43,000 | 0 | 0 |
| Digital Realty Trust Inc | COM | 253868103 | 7,850,785 | 56,570 | SH | | DFND | 4 | 56,570 | 0 | 0 |
| Douglas Emmett Inc | COM | 25960P109 | 1,309,442 | 95,510 | SH | | DFND | 4 | 95,510 | 0 | 0 |
| Equinix Inc | COM | 29444U700 | 15,236,954 | 21,427 | SH | | DFND | 4 | 21,427 | 0 | 0 |
| Equity Residential Properties | COM | 29476L107 | 6,163,080 | 95,700 | SH | | DFND | 4 | 95,700 | 0 | 0 |
| Extra Space Storage Inc | COM | 30225T102 | 8,062,171 | 60,040 | SH | | DFND | 4 | 60,040 | 0 | 0 |
| First Industrial Realty Trust | COM | 32054K103 | 4,851,764 | 106,820 | SH | | DFND | 4 | 106,820 | 0 | 0 |
| Healthpeak Properties Inc | COM | 42250P103 | 5,254,906 | 282,370 | SH | | DFND | 4 | 282,370 | 0 | 0 |
| Host Hotels & Resorts Inc | COM | 44107P104 | 3,792,870 | 201,000 | SH | | DFND | 4 | 201,000 | 0 | 0 |
| Invitation Homes Inc | COM | 46187W107 | 5,732,946 | 167,630 | SH | | DFND | 4 | 167,630 | 0 | 0 |
| Iron Mountain Inc | COM | 46284V101 | 1,120,629 | 14,456 | SH | | DFND | 4 | 14,456 | 0 | 0 |
| Kilroy Realty Corporation | COM | 49427F108 | 1,735,833 | 51,356 | SH | | DFND | 4 | 51,356 | 0 | 0 |
| Kimco Realty Corp | COM | 49446R109 | 6,501,497 | 348,980 | SH | | DFND | 4 | 348,980 | 0 | 0 |
| Medical Properties Trust Inc | COM | 58463J304 | 1,498,772 | 325,820 | SH | | DFND | 4 | 325,820 | 0 | 0 |
| NNN REIT | COM | 637417106 | 3,459,276 | 85,351 | SH | | DFND | 4 | 85,351 | 0 | 0 |
| Omega Healthcare Investors Inc | COM | 681936100 | 2,682,466 | 88,210 | SH | | DFND | 4 | 88,210 | 0 | 0 |
| Paramount Group Inc | COM | 69924R108 | 476,110 | 102,610 | SH | | DFND | 4 | 102,610 | 0 | 0 |
| Prologis Trust | COM | 74340W103 | 12,451,121 | 122,010 | SH | | DFND | 4 | 122,010 | 0 | 0 |
| Public Storage Inc | COM | 74460D109 | 5,489,962 | 21,160 | SH | | DFND | 4 | 21,160 | 0 | 0 |
| Realty Income Corp | COM | 756109104 | 8,780,025 | 163,990 | SH | | DFND | 4 | 163,990 | 0 | 0 |
| Retail Opportunity Investments | COM | 76131N101 | 2,850,076 | 232,280 | SH | | DFND | 4 | 232,280 | 0 | 0 |
| Rexford Industrial Realty | COM | 76169C100 | 3,677,379 | 85,900 | SH | | DFND | 4 | 85,900 | 0 | 0 |
| Simon Property Group Inc | COM | 828806109 | 5,052,054 | 35,950 | SH | | DFND | 4 | 35,950 | 0 | 0 |
| Sun Communities Inc | COM | 866674104 | 5,498,095 | 49,390 | SH | | DFND | 4 | 49,390 | 0 | 0 |
| UDR Inc | COM | 902653104 | 8,992,592 | 236,150 | SH | | DFND | 4 | 236,150 | 0 | 0 |
| Ventas Inc | COM | 92276F100 | 8,198,442 | 185,150 | SH | | DFND | 4 | 185,150 | 0 | 0 |
| VICI Properties Inc | COM | 925652109 | 3,461,688 | 121,250 | SH | | DFND | 4 | 121,250 | 0 | 0 |
| Welltower Inc | COM | 95040Q104 | 10,274,042 | 107,830 | SH | | DFND | 4 | 107,830 | 0 | 0 |
| Xenia Hotels & Resorts Inc | COM | 984017103 | 1,733,473 | 124,980 | SH | | DFND | 4 | 124,980 | 0 | 0 |
