| AERCAP HOLDINGS NV | SHS | $4.5M | 0.9% | 43,747 SH | |
| AGREE RLTY CORP | COM | $1.7M | 0.3% | 22,489 SH | |
| ALEXANDRIA REAL ESTATE EQ IN | COM | $1.1M | 0.2% | 11,834 SH | |
| ALPHABET INC | CAP STK CL A | $8.1M | 1.5% | 52,369 SH | |
| AMAZON COM INC | COM | $5.0M | 0.9% | 26,029 SH | |
| AMERICAN TOWER CORP NEW | COM | $9.0M | 1.7% | 41,255 SH | |
| AMERICOLD REALTY TRUST INC | COM | $1.0M | 0.2% | 47,415 SH | |
| APPLE HOSPITALITY REIT INC | COM NEW | $200K | 0.0% | 15,466 SH | |
| AVALONBAY CMNTYS INC | COM | $1.8M | 0.3% | 8,202 SH | |
| BOOKING HOLDINGS INC | COM | $5.6M | 1.1% | 1,210 SH | |
| BROADSTONE NET LEASE INC | COM | $235K | 0.0% | 13,816 SH | |
| CAMDEN PPTY TR | SH BEN INT | $499K | 0.1% | 4,080 SH | |
| CANADIAN PACIFIC KANSAS CITY | COM | $4.8M | 0.9% | 68,402 SH | |
| COSTAR GROUP INC | COM | $7.0M | 1.3% | 88,179 SH | |
| COUSINS PPTYS INC | COM NEW | $475K | 0.1% | 16,115 SH | |
| CROWN CASTLE INC | COM | $3.2M | 0.6% | 30,383 SH | |
| CUBESMART | COM | $674K | 0.1% | 15,791 SH | |
| DANAHER CORPORATION | COM | $4.8M | 0.9% | 23,395 SH | |
| DIAMONDROCK HOSPITALITY CO | COM | $112K | 0.0% | 14,475 SH | |
| DIGITAL RLTY TR INC | COM | $4.5M | 0.9% | 31,336 SH | |
| ELASTIC N V | ORD SHS | $5.2M | 1.0% | 58,372 SH | |
| ELME COMMUNITIES | SH BEN INT | $985K | 0.2% | 56,585 SH | |
| ENTEGRIS INC | COM | $3.5M | 0.7% | 40,302 SH | |
| EPR PPTYS | COM SH BEN INT | $280K | 0.1% | 5,317 SH | |
| EQUINIX INC | COM | $6.1M | 1.2% | 7,439 SH | |
| EQUITY LIFESTYLE PPTYS INC | COM | $884K | 0.2% | 13,248 SH | |
| EQUITY RESIDENTIAL | SH BEN INT | $1.5M | 0.3% | 20,836 SH | |
| ESSENTIAL PPTYS RLTY TR INC | COM | $1.6M | 0.3% | 47,850 SH | |
| ESSEX PPTY TR INC | COM | $2.2M | 0.4% | 7,326 SH | |
| EXTRA SPACE STORAGE INC | COM | $2.6M | 0.5% | 17,333 SH | |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | $1.1M | 0.2% | 11,001 SH | |
| FERROVIAL SE | ORD SHS | $2.6M | 0.5% | 57,626 SH | |
| FIRST INDL RLTY TR INC | COM | $8.3M | 1.6% | 154,397 SH | |
| GAMING & LEISURE PPTYS INC | COM | $1.6M | 0.3% | 31,392 SH | |
| GE VERNOVA INC | COM | $3.3M | 0.6% | 10,664 SH | |
| HEALTHPEAK PROPERTIES INC | COM | $1.9M | 0.4% | 94,796 SH | |
| HOST HOTELS & RESORTS INC | COM | $777K | 0.1% | 54,703 SH | |
| INVENTRUST PPTYS CORP | COM NEW | $682K | 0.1% | 23,220 SH | |
| INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | $79.9M | 15.3% | 461,323 SH | |
| INVITATION HOMES INC | COM | $2.4M | 0.5% | 68,181 SH | |
| ISHARES TR | MSCI SAUDI ARBIA | $5.1M | 1.0% | 124,333 SH | |
| KITE RLTY GROUP TR | COM NEW | $860K | 0.2% | 38,428 SH | |
| LINEAGE INC | COM | $1.5M | 0.3% | 24,778 SH | |
| MACERICH CO | COM | $1.2M | 0.2% | 68,601 SH | |
| MEDICAL PPTYS TRUST INC | COM | $259K | 0.0% | 42,978 SH | |
| META PLATFORMS INC | CL A | $6.5M | 1.2% | 11,351 SH | |
| MICROSOFT CORP | COM | $7.3M | 1.4% | 19,476 SH | |
| MOODYS CORP | COM | $2.2M | 0.4% | 4,707 SH | |
| MSCI INC | COM | $3.7M | 0.7% | 6,614 SH | |
| NCINO INC | COM | $5.6M | 1.1% | 205,332 SH | |
| NNN REIT INC | COM | $554K | 0.1% | 12,992 SH | |
| NU HLDGS LTD | ORD SHS CL A | $16.6M | 3.2% | 1,623,984 SH | |
| PARK HOTELS & RESORTS INC | COM | $151K | 0.0% | 14,185 SH | |
| PIEDMONT OFFICE REALTY TR IN | COM CL A | $208K | 0.0% | 28,270 SH | |
| PROCORE TECHNOLOGIES INC | COM | $3.8M | 0.7% | 57,736 SH | |
| PROLOGIS INC. | COM | $5.2M | 1.0% | 46,156 SH | |
| PUBLIC STORAGE OPER CO | COM | $3.2M | 0.6% | 10,859 SH | |
| REALTY INCOME CORP | COM | $2.2M | 0.4% | 38,310 SH | |
| RYMAN HOSPITALITY PPTYS INC | COM | $466K | 0.1% | 5,098 SH | |
| SABRA HEALTH CARE REIT INC | COM | $1.2M | 0.2% | 70,388 SH | |
| SBA COMMUNICATIONS CORP NEW | CL A | $1.6M | 0.3% | 7,409 SH | |
| SIMON PPTY GROUP INC NEW | COM | $4.3M | 0.8% | 26,084 SH | |
| SPDR SER TR | S&P METALS MNG | $54.3M | 10.4% | 969,859 SH | |
| SPDR SER TR | S&P OILGAS EXP | $46.7M | 8.9% | 354,903 SH | |
| STAG INDL INC | COM | $1.7M | 0.3% | 46,696 SH | |
| SUN CMNTYS INC | COM | $1.2M | 0.2% | 9,056 SH | |
| SUNSTONE HOTEL INVS INC NEW | COM | $129K | 0.0% | 13,757 SH | |
| TANGER INC | COM | $688K | 0.1% | 20,360 SH | |
| TYLER TECHNOLOGIES INC | COM | $3.5M | 0.7% | 5,990 SH | |
| UDR INC | COM | $661K | 0.1% | 14,627 SH | |
| VANECK ETF TRUST | GOLD MINERS ETF | $50.5M | 9.6% | 1,098,305 SH | |
| VANECK ETF TRUST | JUNIOR GOLD MINE | $12.6M | 2.4% | 219,815 SH | |
| VANGUARD INDEX FDS | REAL ESTATE ETF | $75.4M | 14.4% | 832,260 SH | |
| VENTAS INC | COM | $688K | 0.1% | 10,013 SH | |
| VICI PPTYS INC | COM | $3.7M | 0.7% | 112,719 SH | |
| VORNADO RLTY TR | SH BEN INT | $636K | 0.1% | 17,200 SH | |
| WELLTOWER INC | COM | $5.9M | 1.1% | 38,442 SH | |