Australian Retirement Trust — Listed Property Index (Accumulation)

Super Savings Accumulation holdings as at 31 December 2025

As at 31 December 2025, the Australian Retirement Trust Listed Property Index (Accumulation) option disclosed 351 holdings — its largest being WELLTOWER, INC. at 7.45%. 0 internally-managed unlisted holdings are disclosed by name only.

Disclosed value

$589,639,115

Disclosed holdings

351

Itemised value shown

$589,639,115

Name only (unlisted)

Listed holdings are shown with their disclosed value. We surface disclosed holdings; we don't look through pooled vehicles. See methodology.

Asset-class allocation

Physical holdings by asset class. The synthetic (derivative) effect is the disclosed Schedule 8D Table 3 overlay, shown separately — not netted into the physical figures.

Physical (disclosed holdings)

Asset class	Weighting	Value (AUD)
Property	89.49%	$535,193,942
Equity	8.02%	$47,857,348
Cash	1.09%	$6,587,825

Synthetic effect (derivatives, Table 3)

Asset class	Weighting effect
Equity	3.00%
Cash	-3.00%

Currency exposure

Physical currency as disclosed (sparsely reported — an undisclosed bucket is shown as such, not inferred). The synthetic (derivative) effect is the Schedule 8D Table 4 overlay, shown separately.

Physical (disclosed)

Currency	Weighting	Value (AUD)
Not disclosed	97.51%	$583,051,290
USD	0.71%	$4,276,750
JPY	0.07%	$433,298
HKD	0.07%	$427,886
EUR	0.07%	$398,854
SEK	0.04%	$245,592
AUD	0.04%	$230,526
CAD	0.03%	$153,914
CHF	0.02%	$117,176
SGD	0.02%	$107,771
GBP	0.01%	$78,065
ILS	0.01%	$68,384

+ 3 further disclosed currencies, each below 0.01% by weighting.

Synthetic effect (derivatives, Table 4)

Currency	Weighting effect
AUD	97.00%
CURRENCIES OF EMERGING MARKETS	-4.00%
CURRENCIES OF OTHER DEVELOPED MARKETS	-23.00%
USD	-70.00%

Holdings

All 351 holdings disclosed by Australian Retirement Trust Listed Property Index (Accumulation), largest first, as at 31 December 2025. Each resolved security links to the funds that hold it. Internally-managed unlisted holdings are marked “name only”.

Holding	Asset class	Currency	Weighting	Value (AUD)
WELLTOWER, INC.	Property	—	7.45%	$44,528,379
PROLOGIS, INC.	Property	—	6.91%	$41,337,947
EQUINIX, INC.	Property	—	4.37%	$26,125,299
SIMON PROPERTY GROUP, INC.	Property	—	3.50%	$20,918,012
DIGITAL REALTY TRUST, INC.	Property	—	3.11%	$18,586,069
REALTY INCOME CORP.	Property	—	3.01%	$17,995,958
PUBLIC STORAGE	Property	—	2.39%	$14,308,034
VENTAS, INC.	Property	—	2.11%	$12,626,694
VICI PROPERTIES, INC.	Property	—	1.75%	$10,470,819
EXTRA SPACE STORAGE, INC.	Property	—	1.60%	$9,588,936
AVALONBAY COMMUNITIES, INC.	Property	—	1.50%	$8,990,845
IRON MOUNTAIN, INC.	Property	—	1.42%	$8,504,097
EQUITY RESIDENTIAL	Property	—	1.39%	$8,328,361
VONOVIA SE	Equity	—	1.20%	$7,175,989
INVITATION HOMES, INC.	Property	—	0.99%	$5,938,933
ESSEX PROPERTY TRUST, INC.	Property	—	0.97%	$5,819,849
MID-AMERICA APARTMENT COMMUNITIES, INC.	Property	—	0.95%	$5,652,395
SUN COMMUNITIES, INC.	Property	—	0.89%	$5,323,849
SCENTRE GROUP LTD	Property	—	0.85%	$5,095,910
WP CAREY, INC.	Property	—	0.82%	$4,892,309
KIMCO REALTY CORP.	Property	—	0.79%	$4,748,619
UNIBAIL-RODAMCO-WESTFIELD	Property	—	0.77%	$4,633,961
SEGRO PLC	Property	—	0.77%	$4,587,259
OMEGA HEALTHCARE INVESTORS, INC.	Property	—	0.76%	$4,551,742
REGENCY CENTERS CORP.	Property	—	0.72%	$4,327,612
HOST HOTELS & RESORTS, INC.	Property	—	0.71%	$4,267,165
GAMING & LEISURE PROPERTIES, INC.	Property	—	0.71%	$4,262,177
UDR, INC.	Property	—	0.71%	$4,221,730
SWISS PRIME SITE AG	Equity	—	0.70%	$4,160,606
CAMDEN PROPERTY TRUST	Property	—	0.68%	$4,066,080
EQUITY LIFESTYLE PROPERTIES, INC.	Property	—	0.68%	$4,048,651
LINK REIT	Property	—	0.68%	$4,044,257
HEALTHPEAK PROPERTIES, INC.	Property	—	0.65%	$3,915,984
STATE STREET BANK AND TRUST	Cash	USD	0.65%	$3,895,521
CAPITALAND INTEGRATED COMMERCIAL TRUST	Property	—	0.64%	$3,842,660
AMERICAN HOMES 4 RENT	Property	—	0.64%	$3,805,752
BXP, INC.	Property	—	0.62%	$3,706,759
EASTGROUP PROPERTIES, INC.	Property	—	0.55%	$3,307,968
REXFORD INDUSTRIAL REALTY, INC.	Property	—	0.53%	$3,146,353
FEDERAL REALTY INVESTMENT TRUST	Property	—	0.49%	$2,958,034
ALEXANDRIA REAL ESTATE EQUITIES, INC.	Property	—	0.49%	$2,904,829
PSP SWISS PROPERTY AG	Equity	—	0.48%	$2,870,476
CUBESMART	Property	—	0.48%	$2,860,587
KLEPIERRE SA	Property	—	0.48%	$2,859,596
CAPITALAND ASCENDAS REIT	Property	—	0.47%	$2,820,118
AGREE REALTY CORP.	Property	—	0.47%	$2,815,115
CARETRUST REIT, INC.	Property	—	0.47%	$2,794,818
BRIXMOR PROPERTY GROUP, INC.	Property	—	0.46%	$2,755,069
AMERICAN HEALTHCARE REIT, INC.	Property	—	0.46%	$2,736,607
NNN REIT, INC.	Property	—	0.44%	$2,611,461
FIRST INDUSTRIAL REALTY TRUST, INC.	Property	—	0.43%	$2,572,851
NIPPON BUILDING FUND, INC.	Property	—	0.42%	$2,490,139
HONGKONG LAND HOLDINGS LTD.	Equity	—	0.41%	$2,442,417
GPT GROUP	Property	—	0.40%	$2,411,510
STAG INDUSTRIAL, INC.	Property	—	0.40%	$2,366,250
VICINITY LTD.	Property	—	0.38%	$2,280,828
LAND SECURITIES GROUP PLC	Property	—	0.36%	$2,171,961
VORNADO REALTY TRUST	Property	—	0.35%	$2,068,632
TERRENO REALTY CORP.	Property	—	0.34%	$2,058,415
ESSENTIAL PROPERTIES REALTY TRUST, INC.	Property	—	0.34%	$2,025,427
RYMAN HOSPITALITY PROPERTIES, INC.	Property	—	0.33%	$1,995,925
LONDONMETRIC PROPERTY PLC	Property	—	0.33%	$1,994,520
HEALTHCARE REALTY TRUST, INC.	Property	—	0.33%	$1,959,670
LEG IMMOBILIEN SE	Equity	—	0.33%	$1,949,083
JAPAN REAL ESTATE INVESTMENT CORP.	Property	—	0.32%	$1,924,177
MERLIN PROPERTIES SOCIMI SA	Property	—	0.32%	$1,900,227
BRITISH LAND CO. PLC	Property	—	0.31%	$1,854,764
JAPAN METROPOLITAN FUND INVEST	Property	—	0.31%	$1,837,651
KITE REALTY GROUP TRUST	Property	—	0.31%	$1,832,723
NEXTDC LTD.	Equity	—	0.31%	$1,826,859
FASTIGHETS AB BALDER	Equity	—	0.29%	$1,760,398
TRITAX BIG BOX REIT PLC	Property	—	0.29%	$1,727,131
WHARF REAL ESTATE INVESTMENT CO. LTD.	Equity	—	0.29%	$1,724,461
DEXUS	Property	—	0.28%	$1,687,719
GECINA SA	Property	—	0.28%	$1,664,001
WAREHOUSES DE PAUW CVA	Property	—	0.28%	$1,655,104
NOMURA REAL ESTATE MASTER FUND, INC.	Property	—	0.27%	$1,627,637
MACERICH CO.	Property	—	0.27%	$1,614,451
SAGAX AB	Equity	—	0.27%	$1,607,085
CHARTWELL RETIREMENT RESIDENCES	Property	—	0.26%	$1,563,345
PHILLIPS EDISON & CO., INC.	Property	—	0.26%	$1,557,586
SABRA HEALTH CARE REIT, INC.	Property	—	0.26%	$1,555,174
KILROY REALTY CORP.	Property	—	0.25%	$1,510,877
COUSINS PROPERTIES, INC.	Property	—	0.25%	$1,497,477
GLP J-REIT	Property	—	0.25%	$1,489,733
KDX REALTY INVESTMENT CORP.	Property	—	0.25%	$1,482,619
CANADIAN APARTMENT PROPERTIES REIT	Property	—	0.25%	$1,479,976
NIPPON PROLOGIS REIT, INC.	Property	—	0.25%	$1,478,711
AZRIELI GROUP LTD.	Equity	—	0.25%	$1,469,813
RIOCAN REAL ESTATE INVESTMENT TRUST	Property	—	0.24%	$1,443,187
CASTELLUM AB	Equity	—	0.24%	$1,438,184
INDEPENDENCE REALTY TRUST, INC.	Property	—	0.24%	$1,426,915
AEDIFICA SA	Property	—	0.22%	$1,340,217
DAIWA HOUSE REIT INVESTMENT CORP.	Property	—	0.22%	$1,335,835
ALLREAL HOLDING AG	Equity	—	0.22%	$1,315,449
AMERICOLD REALTY TRUST, INC.	Property	—	0.22%	$1,286,100
EPR PROPERTIES	Property	—	0.21%	$1,280,058
COVIVIO SA	Property	—	0.21%	$1,265,600
TANGER, INC.	Property	—	0.21%	$1,257,090
NATIONAL HEALTH INVESTORS, INC.	Property	—	0.21%	$1,250,610
UNITED URBAN INVESTMENT CORP.	Property	—	0.21%	$1,247,835
ORIX JREIT, INC.	Property	—	0.21%	$1,247,608
COFINIMMO SA	Property	—	0.21%	$1,231,663
KEPPEL DC REIT	Property	—	0.21%	$1,227,996
MAPLETREE LOGISTICS TRUST	Property	—	0.20%	$1,219,981
GRANITE REAL ESTATE INVESTMENT TRUST	Property	—	0.20%	$1,216,394
MOBIMO HOLDING AG	Equity	—	0.20%	$1,214,324
MAPLETREE INDUSTRIAL TRUST	Property	—	0.20%	$1,166,864
BROADSTONE NET LEASE, INC.	Property	—	0.19%	$1,147,267
SL GREEN REALTY CORP.	Property	—	0.19%	$1,138,401
PRIMARY HEALTH PROPERTIES PLC	Property	—	0.19%	$1,121,617
UNITE GROUP PLC	Property	—	0.19%	$1,121,460
COPT DEFENSE PROPERTIES	Property	—	0.19%	$1,114,174
MELISRON LTD.	Equity	—	0.18%	$1,061,653
FIRST CAPITAL REAL ESTATE INVESTMENT TRUST	Property	—	0.17%	$1,040,027
CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST	Property	—	0.17%	$1,017,025
LXP INDUSTRIAL TRUST	Property	—	0.17%	$1,015,565
SHAFTESBURY CAPITAL PLC	Property	—	0.17%	$1,013,242
INVINCIBLE INVESTMENT CORP.	Property	—	0.17%	$1,007,208
ADVANCE RESIDENCE INVESTMENT CORP.	Property	—	0.17%	$992,499
TAG IMMOBILIEN AG	Equity	—	0.16%	$963,164
HIGHWOODS PROPERTIES, INC.	Property	—	0.16%	$957,778
DREAM INDUSTRIAL REAL ESTATE INVESTMENT TRUST	Property	—	0.16%	$944,617
WIHLBORGS FASTIGHETER AB	Equity	—	0.16%	$941,351
BIG YELLOW GROUP PLC	Property	—	0.16%	$937,519
APPLE HOSPITALITY REIT, INC.	Property	—	0.15%	$924,573
ACADIA REALTY TRUST	Property	—	0.15%	$918,773
NATIONAL STORAGE REIT	Property	—	0.15%	$911,186
SWIRE PROPERTIES LTD.	Equity	—	0.15%	$904,287
MEDICAL PROPERTIES TRUST, INC.	Property	—	0.15%	$898,870
SMARTCENTRES REAL ESTATE INVESTMENT TRUST	Property	—	0.15%	$898,009
MAPLETREE PAN ASIA COMMERCIAL TRUST	Property	—	0.15%	$868,666
URBAN EDGE PROPERTIES	Property	—	0.14%	$866,749
JAPAN HOTEL REIT INVESTMENT CORP.	Property	—	0.14%	$855,477
INDUSTRIAL & INFRASTRUCTURE FUND INVESTMENT CORP.	Property	—	0.14%	$839,703
LINEAGE, INC.	Property	—	0.14%	$838,050
DERWENT LONDON PLC	Property	—	0.14%	$831,742
JAPAN PRIME REALTY INVESTMENT CORP.	Property	—	0.14%	$825,138
SUNTEC REAL ESTATE INVESTMENT TRUST	Property	—	0.14%	$824,937
MITSUI FUDOSAN LOGISTICS PARK, INC.	Property	—	0.14%	$822,660
FOUR CORNERS PROPERTY TRUST, INC.	Property	—	0.14%	$818,403
PANDOX AB	Equity	—	0.14%	$817,061
COLONIAL SFL SOCIMI SA	Property	—	0.14%	$816,477
HAMMERSON PLC	Property	—	0.13%	$800,677
INVENTRUST PROPERTIES CORP.	Property	—	0.13%	$788,415
CURBLINE PROPERTIES CORP.	Property	—	0.13%	$788,239
FRASERS CENTREPOINT TRUST	Property	—	0.13%	$780,285
SEKISUI HOUSE REIT, INC.	Property	—	0.13%	$767,112
KEPPEL REIT	Property	—	0.13%	$755,587
SAFESTORE HOLDINGS PLC	Property	—	0.13%	$753,752
AROUNDTOWN SA	Equity	—	0.13%	$750,856
FRASERS LOGISTICS & COMMERCIAL TRUST	Property	—	0.12%	$744,095
NATIONAL STORAGE AFFILIATES TRUST	Property	—	0.12%	$711,302
PARK HOTELS & RESORTS, INC.	Property	—	0.12%	$704,135
CAPITALAND ASCOTT TRUST	Property	—	0.12%	$693,394
H&R REAL ESTATE INVESTMENT TRUST	Property	—	0.12%	$691,241
CATENA AB	Equity	—	0.11%	$686,598
MITSUI FUDOSAN ACCOMMODATIONS FUND, INC.	Property	—	0.11%	$680,968
SIRIUS REAL ESTATE LTD.	Property	—	0.11%	$656,542
REGION GROUP	Property	—	0.11%	$645,403
KOJAMO OYJ	Equity	—	0.11%	$644,258
AMOT INVESTMENTS LTD.	Equity	—	0.11%	$642,488
FABEGE AB	Equity	—	0.11%	$636,127
BOARDWALK REAL ESTATE INVESTMENT TRUST	Property	—	0.11%	$634,444
DIAMONDROCK HOSPITALITY CO.	Property	—	0.11%	$630,606
ACTIVIA PROPERTIES, INC.	Property	—	0.10%	$622,911
DOUGLAS EMMETT, INC.	Property	—	0.10%	$617,072
JAPAN LOGISTICS FUND, INC.	Property	—	0.10%	$615,471
CHARTER HALL LONG WALE REIT	Property	—	0.10%	$609,624
MONTEA NV	Property	—	0.10%	$598,439
GLOBAL NET LEASE, INC.	Property	—	0.10%	$591,509
WALLENSTAM AB	Equity	—	0.10%	$573,521
LASALLE LOGIPORT REIT	Property	—	0.09%	$567,550
GREAT PORTLAND ESTATES PLC	Property	—	0.09%	$560,275
SUNSTONE HOTEL INVESTORS, INC.	Property	—	0.09%	$557,933
HOMECO DAILY NEEDS REIT	Property	—	0.09%	$556,357
NETSTREIT CORP.	Property	—	0.09%	$552,427
CHARTER HALL RETAIL REIT	Property	—	0.09%	$545,865
VGP NV	Equity	—	0.09%	$544,742
ELME COMMUNITIES	Property	—	0.09%	$535,538
ALEXANDER & BALDWIN, INC.	Property	—	0.09%	$535,113
GETTY REALTY CORP.	Property	—	0.09%	$534,453
BWP PROPERTY GROUP LTD.	Property	—	0.09%	$517,855
HYSAN DEVELOPMENT CO. LTD.	Equity	—	0.09%	$517,514
LTC PROPERTIES, INC.	Property	—	0.09%	$513,236
DAIWA SECURITIES LIVING INVESTMENTS CORP.	Property	—	0.09%	$508,647
COMFORIA RESIDENTIAL REIT, INC.	Property	—	0.08%	$507,603
AEON REIT INVESTMENT CORP.	Property	—	0.08%	$487,613
ESR-REIT	Property	—	0.08%	$481,469
FRONTIER REAL ESTATE INVESTMENT CORP.	Property	—	0.08%	$481,271
MORI HILLS REIT INVESTMENT CORP.	Property	—	0.08%	$479,776
PEBBLEBROOK HOTEL TRUST	Property	—	0.08%	$471,029
UMH PROPERTIES, INC.	Property	—	0.08%	$466,500
EUROCOMMERCIAL PROPERTIES NV	Property	—	0.08%	$466,261
HULIC REIT, INC.	Property	—	0.08%	$465,645
KILLAM APARTMENT REAL ESTATE INVESTMENT TRUST	Property	—	0.08%	$465,348
ARGAN, INC.	Property	—	0.08%	$462,646
INNOVATIVE INDUSTRIAL PROPERTIES, INC.	Property	—	0.08%	$459,486
SILA REALTY TRUST, INC.	Property	—	0.08%	$452,974
HUFVUDSTADEN AB	Equity	—	0.08%	$452,782
INTERRENT REAL ESTATE INVESTMENT TRUST	Property	—	0.08%	$449,828
PRIMARIS REAL ESTATE INVESTMENT TRUST	Property	—	0.07%	$448,105
XENIA HOTELS & RESORTS, INC.	Property	—	0.07%	$447,841
SUPERMARKET INCOME REIT PLC	Property	—	0.07%	$444,576
PARKWAY LIFE REAL ESTATE INVESTMENT TRUST	Property	—	0.07%	$441,359
CENTURIA INDUSTRIAL REIT	Property	—	0.07%	$441,299
CARMILA SA	Property	—	0.07%	$440,232
STATE STREET BANK AND TRUST	Cash	JPY	0.07%	$433,298
DAIWA OFFICE INVESTMENT CORP.	Property	—	0.07%	$430,672
STATE STREET BANK AND TRUST	Cash	HKD	0.07%	$427,886
JBG SMITH PROPERTIES	Property	—	0.07%	$424,877
XIOR STUDENT HOUSING NV	Property	—	0.07%	$424,722
NYFOSA AB	Equity	—	0.07%	$420,514
VERIS RESIDENTIAL, INC.	Property	—	0.07%	$420,096
MORI TRUST REIT, INC.	Property	—	0.07%	$417,901
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST	Property	—	0.07%	$417,897
CROMBIE REAL ESTATE INVESTMENT TRUST	Property	—	0.07%	$415,082
CIBUS NORDIC REAL ESTATE AB PUBL	Equity	—	0.07%	$413,234
TOKYU REIT, INC.	Property	—	0.07%	$407,679
PRECINCT PROPERTIES GROUP	Property	—	0.07%	$404,778
MITSUBISHI ESTATE LOGISTICS REIT INVESTMENT CORP.	Property	—	0.07%	$401,863
ICADE	Property	—	0.07%	$401,552
KENNEDY-WILSON HOLDINGS, INC.	Equity	—	0.07%	$400,814
STATE STREET BANK AND TRUST	Cash	EUR	0.07%	$398,854
MERCIALYS SA	Property	—	0.07%	$393,622
HEIWA REAL ESTATE REIT, INC.	Property	—	0.07%	$392,396
NP3 FASTIGHETER AB	Equity	—	0.06%	$387,890
DEUTSCHE WOHNEN SE	Equity	—	0.06%	$387,568
SHURGARD SELF STORAGE LTD.	Property	—	0.06%	$387,459
CENTERSPACE	Property	—	0.06%	$384,923
NTT UD REIT INVESTMENT CORP.	Property	—	0.06%	$381,802
JPMORGAN CHASE & CO	Cash	USD	0.06%	$381,229
GOODMAN PROPERTY TRUST	Property	—	0.06%	$374,644
WAYPOINT REIT LTD.	Property	—	0.06%	$373,651
NIPPON REIT INVESTMENT CORP.	Property	—	0.06%	$367,591
RLJ LODGING TRUST	Property	—	0.06%	$350,648
INTERSHOP HOLDING AG	Equity	—	0.06%	$346,545
JAPAN EXCELLENT, INC.	Property	—	0.06%	$342,697
FORTUNE REAL ESTATE INVESTMENT TRUST	Property	—	0.06%	$342,402
AMERICAN ASSETS TRUST, INC.	Property	—	0.06%	$340,421
STAR ASIA INVESTMENT CORP.	Property	—	0.06%	$337,242
PIEDMONT REALTY TRUST, INC.	Property	—	0.05%	$326,629
NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST	Property	—	0.05%	$321,001
EMPIRE STATE REALTY TRUST, INC.	Property	—	0.05%	$320,868
KIWI PROPERTY GROUP LTD.	Equity	—	0.05%	$309,047
CA IMMOBILIEN ANLAGEN AG	Equity	—	0.05%	$300,746
HOSHINO RESORTS REIT, INC.	Property	—	0.05%	$300,378
RETAIL ESTATES NV	Property	—	0.05%	$296,826
ARENA REIT	Property	—	0.05%	$296,805
WERELDHAVE NV	Property	—	0.05%	$294,913
GLOBAL ONE REAL ESTATE INVESTMENT CORP.	Property	—	0.05%	$294,565
SK REITS CO. LTD.	Property	—	0.05%	$292,903
EASTERLY GOVERNMENT PROPERTIES, INC.	Property	—	0.05%	$286,651
FUKUOKA REIT CORP.	Property	—	0.05%	$285,176
LENDLEASE GLOBAL COMMERCIAL REIT	Property	—	0.05%	$276,258
ATRIUM LJUNGBERG AB	Equity	—	0.05%	$272,083
SAFEHOLD, INC.	Property	—	0.05%	$270,256
HANKYU HANSHIN REIT, INC.	Property	—	0.04%	$260,991
TARGET HEALTHCARE REIT PLC	Property	—	0.04%	$259,598
NEXPOINT RESIDENTIAL TRUST, INC.	Property	—	0.04%	$258,358
ASPEN GROUP LTD.	Property	—	0.04%	$254,891
DIOS FASTIGHETER AB	Equity	—	0.04%	$252,201
AIMS APAC REIT	Property	—	0.04%	$251,161
APARTMENT INVESTMENT & MANAGEMENT CO.	Property	—	0.04%	$246,687
GRAND CITY PROPERTIES SA	Equity	—	0.04%	$245,896
STATE STREET BANK AND TRUST	Cash	SEK	0.04%	$245,592
ENTRA ASA	Equity	—	0.04%	$244,507
CHARTER HALL SOCIAL INFRASTRUCTURE REIT	Property	—	0.04%	$244,480
DIGICO INFRASTRUCTURE REIT	Property	—	0.04%	$244,080
WORKSPACE GROUP PLC	Property	—	0.04%	$243,832
STORAGEVAULT CANADA, INC.	Equity	—	0.04%	$240,244
STARHILL GLOBAL REIT	Property	—	0.04%	$238,498
SWEDISH LOGISTIC PROPERTY AB	Equity	—	0.04%	$236,844
EMPIRIC STUDENT PROPERTY PLC	Property	—	0.04%	$233,453
STATE STREET BANK AND TRUST	Cash	AUD	0.04%	$230,526
CRE LOGISTICS REIT, INC.	Property	—	0.04%	$226,964
OUE REAL ESTATE INVESTMENT TRUST	Property	—	0.04%	$226,656
STONEWEG EUROPE STAPLED TRUST	Property	—	0.04%	$223,079
ARGOSY PROPERTY LTD.	Property	—	0.04%	$221,468
CARE PROPERTY INVEST NV	Property	—	0.03%	$208,719
ESR KENDALL SQUARE REIT CO. LTD.	Property	—	0.03%	$207,553
MIRAI CORP.	Property	—	0.03%	$205,245
PPHE HOTEL GROUP LTD.	Equity	—	0.03%	$203,762
CDL HOSPITALITY TRUSTS	Property	—	0.03%	$198,004
SOSILA LOGISTICS REIT, INC.	Property	—	0.03%	$194,798
PICTON PROPERTY INCOME LTD.	Property	—	0.03%	$193,144
IRISH RESIDENTIAL PROPERTIES REIT PLC	Property	—	0.03%	$186,384
HIAG IMMOBILIEN HOLDING AG	Equity	—	0.03%	$184,287
SAMHALLSBYGGNADSBOLAGET I NORDEN AB	Equity	—	0.03%	$182,109
CROMWELL PROPERTY GROUP	Property	—	0.03%	$180,479
ICHIGO OFFICE REIT INVESTMENT CORP.	Property	—	0.03%	$174,423
DEXUS INDUSTRIA REIT	Property	—	0.03%	$172,076
CHAMPION REIT	Property	—	0.03%	$170,911
FAR EAST HOSPITALITY TRUST	Property	—	0.03%	$169,898
MIRARTH REAL ESTATE INVESTMENT CORP.	Property	—	0.03%	$167,611
STRIDE PROPERTY GROUP	Property	—	0.03%	$160,315
DIGITAL CORE REIT MANAGEMENT PTE. LTD.	Property	—	0.03%	$156,768
INTEA FASTIGHETER AB	Equity	—	0.03%	$156,117
PLATZER FASTIGHETER HOLDING AB	Equity	—	0.03%	$155,764
VITAL HEALTHCARE PROPERTY TRUST	Property	—	0.03%	$155,224
STATE STREET BANK AND TRUST	Cash	CAD	0.03%	$153,914
DEUTSCHE EUROSHOP AG	Equity	—	0.02%	$148,136
INVESTIS HOLDING SA	Equity	—	0.02%	$147,367
ABACUS STORAGE KING	Property	—	0.02%	$146,554
HAMBORNER REIT AG	Property	—	0.02%	$144,389
STENDORREN FASTIGHETER AB	Equity	—	0.02%	$141,818
LOGISTEA AB	Equity	—	0.02%	$139,501
NEWRIVER REIT PLC	Property	—	0.02%	$139,411
COREM PROPERTY GROUP AB	Equity	—	0.02%	$136,558
SHINHAN ALPHA REIT CO. LTD.	Property	—	0.02%	$135,356
CUSTODIAN PROPERTY INCOME REIT PLC	Property	—	0.02%	$130,706
VASTNED NV	Property	—	0.02%	$128,890
PUBLIC PROPERTY INVEST AS	Equity	—	0.02%	$123,589
SUNLIGHT REAL ESTATE INVESTMENT TRUST	Property	—	0.02%	$122,291
LOTTE REIT CO. LTD.	Property	—	0.02%	$121,780
GROWTHPOINT PROPERTIES AUSTRALIA LTD.	Property	—	0.02%	$119,679
NSI NV	Property	—	0.02%	$119,439
JR GLOBAL REIT	Property	—	0.02%	$117,495
STATE STREET BANK AND TRUST	Cash	CHF	0.02%	$117,176
ONE REIT, INC.	Property	—	0.02%	$116,217
ABACUS GROUP	Property	—	0.02%	$113,312
CITYCON OYJ	Equity	—	0.02%	$111,446
SUNEVISION HOLDINGS LTD.	Equity	—	0.02%	$110,290
SCHRODER REAL ESTATE INVESTMENT TRUST LTD.	Property	—	0.02%	$109,298
STATE STREET BANK AND TRUST	Cash	SGD	0.02%	$107,771
SOCIAL HOUSING REIT PLC	Property	—	0.02%	$107,410
ASCENCIO	Property	—	0.02%	$105,268
SANKEI REAL ESTATE, INC.	Property	—	0.02%	$104,021
SAMTY RESIDENTIAL INVESTMENT CORP.	Property	—	0.02%	$103,239
CENTURIA OFFICE REIT	Property	—	0.02%	$101,171
AEW U.K. REIT PLC	Property	—	0.02%	$97,776
STARTS PROCEED INVESTMENT CORP.	Property	—	0.02%	$95,510
PEACH PROPERTY GROUP AG	Equity	—	0.02%	$93,250
HEALTH CARE & MEDICAL INVESTMENT CORP.	Property	—	0.01%	$84,397
PROSPERITY REIT	Property	—	0.01%	$83,377
HELICAL PLC	Property	—	0.01%	$83,281
HOME INVEST BELGIUM SA	Property	—	0.01%	$81,026
STATE STREET BANK AND TRUST	Cash	GBP	0.01%	$78,065
FASTPARTNER AB	Equity	—	0.01%	$77,514
IMMOBILIARE GRANDE DISTRIBUZIONE SIIQ SPA	Property	—	0.01%	$75,413
REGIONAL REIT LTD.	Property	—	0.01%	$75,350
SVEAFASTIGHETER AB	Equity	—	0.01%	$75,216
STATE STREET BANK AND TRUST	Cash	ILS	0.01%	$68,384
NEOBO FASTIGHETER AB	Equity	—	0.01%	$67,333
HEBA FASTIGHETS AB	Equity	—	0.01%	$53,612
LIFE SCIENCE REIT PLC	Property	—	0.01%	$48,059
ABRDN EUROPEAN LOGISTICS INCOME PLC	Property	—	0.01%	$42,037
RESIDENTIAL SECURE INCOME PLC	Property	—	0.01%	$36,229
STATE STREET BANK AND TRUST	Cash	NZD	0.00%	$26,517
STATE STREET BANK AND TRUST	Cash	NOK	0.00%	$17,126
STATE STREET BANK AND TRUST	Cash	KRW	0.00%	$5,966

Figures are disclosed by the fund itself under Portfolio Holdings Disclosure (Schedule 8D), as at 31 December 2025. This is factual disclosure information, not financial advice, a rating or a recommendation.

Methodology — how holdings are sourced, resolved and aggregated.