| Security | $Holding | Balance | % of Fund | Category | Position | Country |
|---|---|---|---|---|---|---|
| MSILF Government Portfolio - Class Institutional | 3.25 mm | 3.25 mm principal | 16.16 | Short-term investment vehicle | Long | USA |
|
CIRE REAL ESTATE INVESTMENT TRUST, Inc. /
|
1.88 mm | 1.00 shares | 9.35 | Common equity | Long | USA |
|
BAILARD REAL ESTATE LP /
|
1.88 mm | 61.20 k shares | 9.34 | Common equity | Long | USA |
|
INVESCO REAL ESTATE INCOME TRUST, Inc. /
|
1.67 mm | 60.78 k shares | 8.28 | Common equity | Long | USA |
|
OAK St (*** Please punctuate: St. or State ***) REAL EST LP /
|
1.29 mm | 1.00 shares | 6.42 | Common equity | Long | USA |
| ZRPTIX RREEF Property Trust, Inc. | 859.96 k | 63.14 k shares | 4.27 | Long | USA | |
|
NUVEEN REAL ESTATE U.S. Cities Industr Fd /
|
755.52 k | 1.00 shares | 3.75 | Common equity | Long | USA |
|
CBRE U.S. CORE PARTNERS LP /
|
741.75 k | 465.54 k shares | 3.69 | Common equity | Long | USA |
|
STARWOOD REAL ESTATE INCOME TRUST, Inc. /
|
739.60 k | 33.15 k shares | 3.67 | Common equity | Long | USA |
| RCKT Mortgage Trust 2024-CES3 | 716.45 k | 700.00 k principal | 3.56 | ABS-mortgage backed security | Long | USA |
| Stepstone Private Infrastructure Fund/United States - Class I | 541.59 k | 43.33 k shares | 2.69 | Long | USA | |
| Jones Lang LaSalle Income Property Trust, Inc. - Class M-I | 532.91 k | 46.02 k shares | 2.65 | Long | USA | |
| Pender Capital Management, LLC | 518.50 k | 51.64 k shares | 2.58 | Long | USA | |
| CIRE ALTO OpCo LLC TL 11/29/2024 / | 472.26 k | 472.26 k principal | 2.35 | Loan | Long | USA |
|
HILLPOINTE WORKFORCE PARTNERSHIP IV, LP /
|
425.84 k | 1.00 shares | 2.12 | Common equity | Long | USA |
|
Wynwood BN LLC /
|
354.20 k | 1.00 shares | 1.76 | Common equity | Long | USA |
| Freddie Mac STACR REMIC Trust 2022-HQA3 | 272.68 k | 250.00 k principal | 1.35 | ABS-mortgage backed security | Long | USA |
| Radnor RE 2021-1 Ltd. | 255.94 k | 250.00 k principal | 1.27 | ABS-mortgage backed security | Long | Bermuda |
| GS Mortgage-Backed Securities Trust 2023-CCM1 | 227.04 k | 227.00 k principal | 1.13 | ABS-mortgage backed security | Long | USA |
| Radnor RE 2022-1 Ltd. | 213.65 k | 200.00 k principal | 1.06 | ABS-mortgage backed security | Long | USA |
| Saluda Grade Alternative Mortgage Trust 2023-FIG3 | 212.39 k | 203.58 k principal | 1.06 | ABS-mortgage backed security | Long | USA |
| Saluda Grade Alternative Mortgage Trust 2023-FIG3 | 212.33 k | 203.58 k principal | 1.06 | ABS-mortgage backed security | Long | USA |
| Freddie Mac STACR REMIC Trust 2023-HQA2 | 210.03 k | 200.00 k principal | 1.04 | ABS-mortgage backed security | Long | USA |
| GS Mortgage-Backed Securities Trust 2023-PJ4 | 206.84 k | 199.78 k principal | 1.03 | ABS-mortgage backed security | Long | USA |
| GCAT 2021-NQM6 Trust | 190.58 k | 250.00 k principal | 0.95 | ABS-mortgage backed security | Long | USA |
| New Residential Mortgage Loan Trust 2022-NQM1 | 190.04 k | 250.00 k principal | 0.94 | ABS-mortgage backed security | Long | USA |
| GCAT 2022-NQM4 Trust | 169.99 k | 163.91 k principal | 0.84 | ABS-mortgage backed security | Long | USA |
| Verus Securitization Trust 2021-7 | 161.51 k | 200.00 k principal | 0.80 | ABS-mortgage backed security | Long | USA |
|
NUVEEN REAL ESTATE U.S. CITIES MULTI LP /
|
149.35 k | 1.00 shares | 0.74 | Common equity | Long | USA |
| JP Morgan Mortgage Trust 2016-4 | 145.47 k | 154.33 k principal | 0.72 | ABS-mortgage backed security | Long | USA |
| PRPM 2021-3 LLC | 131.27 k | 131.63 k principal | 0.65 | ABS-mortgage backed security | Long | USA |
| PRET 2022-NPL1 LLC | 117.93 k | 118.42 k principal | 0.59 | ABS-mortgage backed security | Long | USA |
| Home Partners of America 2021-2 Trust | 111.67 k | 119.15 k principal | 0.55 | ABS-other | Long | USA |
| JP Morgan Mortgage Trust 2016-4 | 94.03 k | 164.95 k principal | 0.47 | ABS-mortgage backed security | Long | USA |
| JP Morgan Mortgage Trust 2016-4 | 92.62 k | 120.70 k principal | 0.46 | ABS-mortgage backed security | Long | USA |
| PRET 2023-RN1 LLC | 91.61 k | 89.30 k principal | 0.46 | ABS-mortgage backed security | Long | USA |
|
HILLPOINTE WORKFORCE HOUSING PARTNER V LP /
|
40.00 k | 1.00 shares | 0.20 | Common equity | Long | USA |
|
FCP REALTY FUND VI-A LP /
|
21.22 k | 1.00 shares | 0.11 | Common equity | Long | USA |
