Australian Retirement Trust — Asset-class Listed Property Index (Income)

Super Savings - Income account Retirement holdings as at 31 December 2025

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

Disclosed value

$173,520,569

Disclosed holdings

351

Itemised value shown

$173,520,569

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%	$157,498,301
Equity	8.02%	$14,083,587
Cash	1.09%	$1,938,681

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%	$171,581,888
USD	0.71%	$1,258,573
JPY	0.07%	$127,512
HKD	0.07%	$125,919
EUR	0.07%	$117,376
SEK	0.04%	$72,273
AUD	0.04%	$67,840
CAD	0.03%	$45,294
CHF	0.02%	$34,483
SGD	0.02%	$31,715
GBP	0.01%	$22,973
ILS	0.01%	$20,124

+ 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 Asset-class Listed Property Index (Income), 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%	$13,103,930
PROLOGIS, INC.	Property	—	6.91%	$12,165,041
EQUINIX, INC.	Property	—	4.37%	$7,688,222
SIMON PROPERTY GROUP, INC.	Property	—	3.50%	$6,155,808
DIGITAL REALTY TRUST, INC.	Property	—	3.11%	$5,469,558
REALTY INCOME CORP.	Property	—	3.01%	$5,295,898
PUBLIC STORAGE	Property	—	2.39%	$4,210,606
VENTAS, INC.	Property	—	2.11%	$3,715,817
VICI PROPERTIES, INC.	Property	—	1.75%	$3,081,380
EXTRA SPACE STORAGE, INC.	Property	—	1.60%	$2,821,858
AVALONBAY COMMUNITIES, INC.	Property	—	1.50%	$2,645,850
IRON MOUNTAIN, INC.	Property	—	1.42%	$2,502,608
EQUITY RESIDENTIAL	Property	—	1.39%	$2,450,892
VONOVIA SE	Equity	—	1.20%	$2,111,769
INVITATION HOMES, INC.	Property	—	0.99%	$1,747,725
ESSEX PROPERTY TRUST, INC.	Property	—	0.97%	$1,712,681
MID-AMERICA APARTMENT COMMUNITIES, INC.	Property	—	0.95%	$1,663,402
SUN COMMUNITIES, INC.	Property	—	0.89%	$1,566,717
SCENTRE GROUP LTD	Property	—	0.85%	$1,499,638
WP CAREY, INC.	Property	—	0.82%	$1,439,722
KIMCO REALTY CORP.	Property	—	0.79%	$1,397,436
UNIBAIL-RODAMCO-WESTFIELD	Property	—	0.77%	$1,363,694
SEGRO PLC	Property	—	0.77%	$1,349,951
OMEGA HEALTHCARE INVESTORS, INC.	Property	—	0.76%	$1,339,499
REGENCY CENTERS CORP.	Property	—	0.72%	$1,273,541
HOST HOTELS & RESORTS, INC.	Property	—	0.71%	$1,255,753
GAMING & LEISURE PROPERTIES, INC.	Property	—	0.71%	$1,254,285
UDR, INC.	Property	—	0.71%	$1,242,382
SWISS PRIME SITE AG	Equity	—	0.70%	$1,224,394
CAMDEN PROPERTY TRUST	Property	—	0.68%	$1,196,577
EQUITY LIFESTYLE PROPERTIES, INC.	Property	—	0.68%	$1,191,448
LINK REIT	Property	—	0.68%	$1,190,155
HEALTHPEAK PROPERTIES, INC.	Property	—	0.65%	$1,152,406
STATE STREET BANK AND TRUST	Cash	USD	0.65%	$1,146,384
CAPITALAND INTEGRATED COMMERCIAL TRUST	Property	—	0.64%	$1,130,828
AMERICAN HOMES 4 RENT	Property	—	0.64%	$1,119,967
BXP, INC.	Property	—	0.62%	$1,090,835
EASTGROUP PROPERTIES, INC.	Property	—	0.55%	$973,477
REXFORD INDUSTRIAL REALTY, INC.	Property	—	0.53%	$925,917
FEDERAL REALTY INVESTMENT TRUST	Property	—	0.49%	$870,498
ALEXANDRIA REAL ESTATE EQUITIES, INC.	Property	—	0.49%	$854,841
PSP SWISS PROPERTY AG	Equity	—	0.48%	$844,731
CUBESMART	Property	—	0.48%	$841,821
KLEPIERRE SA	Property	—	0.48%	$841,529
CAPITALAND ASCENDAS REIT	Property	—	0.47%	$829,912
AGREE REALTY CORP.	Property	—	0.47%	$828,440
CARETRUST REIT, INC.	Property	—	0.47%	$822,466
BRIXMOR PROPERTY GROUP, INC.	Property	—	0.46%	$810,769
AMERICAN HEALTHCARE REIT, INC.	Property	—	0.46%	$805,336
NNN REIT, INC.	Property	—	0.44%	$768,508
FIRST INDUSTRIAL REALTY TRUST, INC.	Property	—	0.43%	$757,145
NIPPON BUILDING FUND, INC.	Property	—	0.42%	$732,805
HONGKONG LAND HOLDINGS LTD.	Equity	—	0.41%	$718,761
GPT GROUP	Property	—	0.40%	$709,666
STAG INDUSTRIAL, INC.	Property	—	0.40%	$696,346
VICINITY LTD.	Property	—	0.38%	$671,208
LAND SECURITIES GROUP PLC	Property	—	0.36%	$639,171
VORNADO REALTY TRUST	Property	—	0.35%	$608,762
TERRENO REALTY CORP.	Property	—	0.34%	$605,756
ESSENTIAL PROPERTIES REALTY TRUST, INC.	Property	—	0.34%	$596,048
RYMAN HOSPITALITY PROPERTIES, INC.	Property	—	0.33%	$587,366
LONDONMETRIC PROPERTY PLC	Property	—	0.33%	$586,953
HEALTHCARE REALTY TRUST, INC.	Property	—	0.33%	$576,697
LEG IMMOBILIEN SE	Equity	—	0.33%	$573,581
JAPAN REAL ESTATE INVESTMENT CORP.	Property	—	0.32%	$566,252
MERLIN PROPERTIES SOCIMI SA	Property	—	0.32%	$559,204
BRITISH LAND CO. PLC	Property	—	0.31%	$545,825
JAPAN METROPOLITAN FUND INVEST	Property	—	0.31%	$540,789
KITE REALTY GROUP TRUST	Property	—	0.31%	$539,338
NEXTDC LTD.	Equity	—	0.31%	$537,613
FASTIGHETS AB BALDER	Equity	—	0.29%	$518,055
TRITAX BIG BOX REIT PLC	Property	—	0.29%	$508,265
WHARF REAL ESTATE INVESTMENT CO. LTD.	Equity	—	0.29%	$507,479
DEXUS	Property	—	0.28%	$496,667
GECINA SA	Property	—	0.28%	$489,687
WAREHOUSES DE PAUW CVA	Property	—	0.28%	$487,068
NOMURA REAL ESTATE MASTER FUND, INC.	Property	—	0.27%	$478,985
MACERICH CO.	Property	—	0.27%	$475,105
SAGAX AB	Equity	—	0.27%	$472,937
CHARTWELL RETIREMENT RESIDENCES	Property	—	0.26%	$460,065
PHILLIPS EDISON & CO., INC.	Property	—	0.26%	$458,371
SABRA HEALTH CARE REIT, INC.	Property	—	0.26%	$457,661
KILROY REALTY CORP.	Property	—	0.25%	$444,625
COUSINS PROPERTIES, INC.	Property	—	0.25%	$440,681
GLP J-REIT	Property	—	0.25%	$438,403
KDX REALTY INVESTMENT CORP.	Property	—	0.25%	$436,309
CANADIAN APARTMENT PROPERTIES REIT	Property	—	0.25%	$435,531
NIPPON PROLOGIS REIT, INC.	Property	—	0.25%	$435,159
AZRIELI GROUP LTD.	Equity	—	0.25%	$432,541
RIOCAN REAL ESTATE INVESTMENT TRUST	Property	—	0.24%	$424,705
CASTELLUM AB	Equity	—	0.24%	$423,233
INDEPENDENCE REALTY TRUST, INC.	Property	—	0.24%	$419,916
AEDIFICA SA	Property	—	0.22%	$394,403
DAIWA HOUSE REIT INVESTMENT CORP.	Property	—	0.22%	$393,113
ALLREAL HOLDING AG	Equity	—	0.22%	$387,114
AMERICOLD REALTY TRUST, INC.	Property	—	0.22%	$378,477
EPR PROPERTIES	Property	—	0.21%	$376,699
COVIVIO SA	Property	—	0.21%	$372,444
TANGER, INC.	Property	—	0.21%	$369,940
NATIONAL HEALTH INVESTORS, INC.	Property	—	0.21%	$368,033
UNITED URBAN INVESTMENT CORP.	Property	—	0.21%	$367,216
ORIX JREIT, INC.	Property	—	0.21%	$367,150
COFINIMMO SA	Property	—	0.21%	$362,457
KEPPEL DC REIT	Property	—	0.21%	$361,378
MAPLETREE LOGISTICS TRUST	Property	—	0.20%	$359,019
GRANITE REAL ESTATE INVESTMENT TRUST	Property	—	0.20%	$357,964
MOBIMO HOLDING AG	Equity	—	0.20%	$357,355
MAPLETREE INDUSTRIAL TRUST	Property	—	0.20%	$343,388
BROADSTONE NET LEASE, INC.	Property	—	0.19%	$337,621
SL GREEN REALTY CORP.	Property	—	0.19%	$335,012
PRIMARY HEALTH PROPERTIES PLC	Property	—	0.19%	$330,072
UNITE GROUP PLC	Property	—	0.19%	$330,026
COPT DEFENSE PROPERTIES	Property	—	0.19%	$327,882
MELISRON LTD.	Equity	—	0.18%	$312,426
FIRST CAPITAL REAL ESTATE INVESTMENT TRUST	Property	—	0.17%	$306,062
CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST	Property	—	0.17%	$299,293
LXP INDUSTRIAL TRUST	Property	—	0.17%	$298,863
SHAFTESBURY CAPITAL PLC	Property	—	0.17%	$298,180
INVINCIBLE INVESTMENT CORP.	Property	—	0.17%	$296,404
ADVANCE RESIDENCE INVESTMENT CORP.	Property	—	0.17%	$292,075
TAG IMMOBILIEN AG	Equity	—	0.16%	$283,442
HIGHWOODS PROPERTIES, INC.	Property	—	0.16%	$281,858
DREAM INDUSTRIAL REAL ESTATE INVESTMENT TRUST	Property	—	0.16%	$277,984
WIHLBORGS FASTIGHETER AB	Equity	—	0.16%	$277,023
BIG YELLOW GROUP PLC	Property	—	0.16%	$275,896
APPLE HOSPITALITY REIT, INC.	Property	—	0.15%	$272,086
ACADIA REALTY TRUST	Property	—	0.15%	$270,379
NATIONAL STORAGE REIT	Property	—	0.15%	$268,146
SWIRE PROPERTIES LTD.	Equity	—	0.15%	$266,116
MEDICAL PROPERTIES TRUST, INC.	Property	—	0.15%	$264,522
SMARTCENTRES REAL ESTATE INVESTMENT TRUST	Property	—	0.15%	$264,268
MAPLETREE PAN ASIA COMMERCIAL TRUST	Property	—	0.15%	$255,633
URBAN EDGE PROPERTIES	Property	—	0.14%	$255,069
JAPAN HOTEL REIT INVESTMENT CORP.	Property	—	0.14%	$251,752
INDUSTRIAL & INFRASTRUCTURE FUND INVESTMENT CORP.	Property	—	0.14%	$247,110
LINEAGE, INC.	Property	—	0.14%	$246,623
DERWENT LONDON PLC	Property	—	0.14%	$244,767
JAPAN PRIME REALTY INVESTMENT CORP.	Property	—	0.14%	$242,824
SUNTEC REAL ESTATE INVESTMENT TRUST	Property	—	0.14%	$242,765
MITSUI FUDOSAN LOGISTICS PARK, INC.	Property	—	0.14%	$242,095
FOUR CORNERS PROPERTY TRUST, INC.	Property	—	0.14%	$240,842
PANDOX AB	Equity	—	0.14%	$240,447
COLONIAL SFL SOCIMI SA	Property	—	0.14%	$240,275
HAMMERSON PLC	Property	—	0.13%	$235,625
INVENTRUST PROPERTIES CORP.	Property	—	0.13%	$232,017
CURBLINE PROPERTIES CORP.	Property	—	0.13%	$231,965
FRASERS CENTREPOINT TRUST	Property	—	0.13%	$229,624
SEKISUI HOUSE REIT, INC.	Property	—	0.13%	$225,748
KEPPEL REIT	Property	—	0.13%	$222,356
SAFESTORE HOLDINGS PLC	Property	—	0.13%	$221,816
AROUNDTOWN SA	Equity	—	0.13%	$220,964
FRASERS LOGISTICS & COMMERCIAL TRUST	Property	—	0.12%	$218,974
NATIONAL STORAGE AFFILIATES TRUST	Property	—	0.12%	$209,324
PARK HOTELS & RESORTS, INC.	Property	—	0.12%	$207,215
CAPITALAND ASCOTT TRUST	Property	—	0.12%	$204,054
H&R REAL ESTATE INVESTMENT TRUST	Property	—	0.12%	$203,420
CATENA AB	Equity	—	0.11%	$202,054
MITSUI FUDOSAN ACCOMMODATIONS FUND, INC.	Property	—	0.11%	$200,397
SIRIUS REAL ESTATE LTD.	Property	—	0.11%	$193,209
REGION GROUP	Property	—	0.11%	$189,931
KOJAMO OYJ	Equity	—	0.11%	$189,594
AMOT INVESTMENTS LTD.	Equity	—	0.11%	$189,073
FABEGE AB	Equity	—	0.11%	$187,201
BOARDWALK REAL ESTATE INVESTMENT TRUST	Property	—	0.11%	$186,706
DIAMONDROCK HOSPITALITY CO.	Property	—	0.11%	$185,577
ACTIVIA PROPERTIES, INC.	Property	—	0.10%	$183,312
DOUGLAS EMMETT, INC.	Property	—	0.10%	$181,594
JAPAN LOGISTICS FUND, INC.	Property	—	0.10%	$181,122
CHARTER HALL LONG WALE REIT	Property	—	0.10%	$179,402
MONTEA NV	Property	—	0.10%	$176,110
GLOBAL NET LEASE, INC.	Property	—	0.10%	$174,071
WALLENSTAM AB	Equity	—	0.10%	$168,777
LASALLE LOGIPORT REIT	Property	—	0.09%	$167,020
GREAT PORTLAND ESTATES PLC	Property	—	0.09%	$164,879
SUNSTONE HOTEL INVESTORS, INC.	Property	—	0.09%	$164,190
HOMECO DAILY NEEDS REIT	Property	—	0.09%	$163,726
NETSTREIT CORP.	Property	—	0.09%	$162,570
CHARTER HALL RETAIL REIT	Property	—	0.09%	$160,639
VGP NV	Equity	—	0.09%	$160,308
ELME COMMUNITIES	Property	—	0.09%	$157,600
ALEXANDER & BALDWIN, INC.	Property	—	0.09%	$157,474
GETTY REALTY CORP.	Property	—	0.09%	$157,280
BWP PROPERTY GROUP LTD.	Property	—	0.09%	$152,396
HYSAN DEVELOPMENT CO. LTD.	Equity	—	0.09%	$152,295
LTC PROPERTIES, INC.	Property	—	0.09%	$151,036
DAIWA SECURITIES LIVING INVESTMENTS CORP.	Property	—	0.09%	$149,686
COMFORIA RESIDENTIAL REIT, INC.	Property	—	0.08%	$149,379
AEON REIT INVESTMENT CORP.	Property	—	0.08%	$143,496
ESR-REIT	Property	—	0.08%	$141,688
FRONTIER REAL ESTATE INVESTMENT CORP.	Property	—	0.08%	$141,630
MORI HILLS REIT INVESTMENT CORP.	Property	—	0.08%	$141,190
PEBBLEBROOK HOTEL TRUST	Property	—	0.08%	$138,616
UMH PROPERTIES, INC.	Property	—	0.08%	$137,283
EUROCOMMERCIAL PROPERTIES NV	Property	—	0.08%	$137,213
HULIC REIT, INC.	Property	—	0.08%	$137,031
KILLAM APARTMENT REAL ESTATE INVESTMENT TRUST	Property	—	0.08%	$136,944
ARGAN, INC.	Property	—	0.08%	$136,149
INNOVATIVE INDUSTRIAL PROPERTIES, INC.	Property	—	0.08%	$135,219
SILA REALTY TRUST, INC.	Property	—	0.08%	$133,302
HUFVUDSTADEN AB	Equity	—	0.08%	$133,246
INTERRENT REAL ESTATE INVESTMENT TRUST	Property	—	0.08%	$132,376
PRIMARIS REAL ESTATE INVESTMENT TRUST	Property	—	0.07%	$131,869
XENIA HOTELS & RESORTS, INC.	Property	—	0.07%	$131,792
SUPERMARKET INCOME REIT PLC	Property	—	0.07%	$130,831
PARKWAY LIFE REAL ESTATE INVESTMENT TRUST	Property	—	0.07%	$129,884
CENTURIA INDUSTRIAL REIT	Property	—	0.07%	$129,867
CARMILA SA	Property	—	0.07%	$129,553
STATE STREET BANK AND TRUST	Cash	JPY	0.07%	$127,512
DAIWA OFFICE INVESTMENT CORP.	Property	—	0.07%	$126,739
STATE STREET BANK AND TRUST	Cash	HKD	0.07%	$125,919
JBG SMITH PROPERTIES	Property	—	0.07%	$125,034
XIOR STUDENT HOUSING NV	Property	—	0.07%	$124,988
NYFOSA AB	Equity	—	0.07%	$123,750
VERIS RESIDENTIAL, INC.	Property	—	0.07%	$123,627
MORI TRUST REIT, INC.	Property	—	0.07%	$122,981
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST	Property	—	0.07%	$122,980
CROMBIE REAL ESTATE INVESTMENT TRUST	Property	—	0.07%	$122,152
CIBUS NORDIC REAL ESTATE AB PUBL	Equity	—	0.07%	$121,607
TOKYU REIT, INC.	Property	—	0.07%	$119,973
PRECINCT PROPERTIES GROUP	Property	—	0.07%	$119,119
MITSUBISHI ESTATE LOGISTICS REIT INVESTMENT CORP.	Property	—	0.07%	$118,261
ICADE	Property	—	0.07%	$118,170
KENNEDY-WILSON HOLDINGS, INC.	Equity	—	0.07%	$117,953
STATE STREET BANK AND TRUST	Cash	EUR	0.07%	$117,376
MERCIALYS SA	Property	—	0.07%	$115,836
HEIWA REAL ESTATE REIT, INC.	Property	—	0.07%	$115,475
NP3 FASTIGHETER AB	Equity	—	0.06%	$114,149
DEUTSCHE WOHNEN SE	Equity	—	0.06%	$114,054
SHURGARD SELF STORAGE LTD.	Property	—	0.06%	$114,022
CENTERSPACE	Property	—	0.06%	$113,276
NTT UD REIT INVESTMENT CORP.	Property	—	0.06%	$112,358
JPMORGAN CHASE & CO	Cash	USD	0.06%	$112,189
GOODMAN PROPERTY TRUST	Property	—	0.06%	$110,251
WAYPOINT REIT LTD.	Property	—	0.06%	$109,959
NIPPON REIT INVESTMENT CORP.	Property	—	0.06%	$108,176
RLJ LODGING TRUST	Property	—	0.06%	$103,190
INTERSHOP HOLDING AG	Equity	—	0.06%	$101,982
JAPAN EXCELLENT, INC.	Property	—	0.06%	$100,850
FORTUNE REAL ESTATE INVESTMENT TRUST	Property	—	0.06%	$100,763
AMERICAN ASSETS TRUST, INC.	Property	—	0.06%	$100,180
STAR ASIA INVESTMENT CORP.	Property	—	0.06%	$99,245
PIEDMONT REALTY TRUST, INC.	Property	—	0.05%	$96,121
NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST	Property	—	0.05%	$94,465
EMPIRE STATE REALTY TRUST, INC.	Property	—	0.05%	$94,426
KIWI PROPERTY GROUP LTD.	Equity	—	0.05%	$90,947
CA IMMOBILIEN ANLAGEN AG	Equity	—	0.05%	$88,504
HOSHINO RESORTS REIT, INC.	Property	—	0.05%	$88,396
RETAIL ESTATES NV	Property	—	0.05%	$87,351
ARENA REIT	Property	—	0.05%	$87,345
WERELDHAVE NV	Property	—	0.05%	$86,788
GLOBAL ONE REAL ESTATE INVESTMENT CORP.	Property	—	0.05%	$86,686
SK REITS CO. LTD.	Property	—	0.05%	$86,196
EASTERLY GOVERNMENT PROPERTIES, INC.	Property	—	0.05%	$84,356
FUKUOKA REIT CORP.	Property	—	0.05%	$83,922
LENDLEASE GLOBAL COMMERCIAL REIT	Property	—	0.05%	$81,298
ATRIUM LJUNGBERG AB	Equity	—	0.05%	$80,069
SAFEHOLD, INC.	Property	—	0.05%	$79,532
HANKYU HANSHIN REIT, INC.	Property	—	0.04%	$76,805
TARGET HEALTHCARE REIT PLC	Property	—	0.04%	$76,395
NEXPOINT RESIDENTIAL TRUST, INC.	Property	—	0.04%	$76,030
ASPEN GROUP LTD.	Property	—	0.04%	$75,010
DIOS FASTIGHETER AB	Equity	—	0.04%	$74,218
AIMS APAC REIT	Property	—	0.04%	$73,912
APARTMENT INVESTMENT & MANAGEMENT CO.	Property	—	0.04%	$72,596
GRAND CITY PROPERTIES SA	Equity	—	0.04%	$72,363
STATE STREET BANK AND TRUST	Cash	SEK	0.04%	$72,273
ENTRA ASA	Equity	—	0.04%	$71,954
CHARTER HALL SOCIAL INFRASTRUCTURE REIT	Property	—	0.04%	$71,946
DIGICO INFRASTRUCTURE REIT	Property	—	0.04%	$71,829
WORKSPACE GROUP PLC	Property	—	0.04%	$71,756
STORAGEVAULT CANADA, INC.	Equity	—	0.04%	$70,700
STARHILL GLOBAL REIT	Property	—	0.04%	$70,186
SWEDISH LOGISTIC PROPERTY AB	Equity	—	0.04%	$69,699
EMPIRIC STUDENT PROPERTY PLC	Property	—	0.04%	$68,701
STATE STREET BANK AND TRUST	Cash	AUD	0.04%	$67,840
CRE LOGISTICS REIT, INC.	Property	—	0.04%	$66,791
OUE REAL ESTATE INVESTMENT TRUST	Property	—	0.04%	$66,701
STONEWEG EUROPE STAPLED TRUST	Property	—	0.04%	$65,648
ARGOSY PROPERTY LTD.	Property	—	0.04%	$65,174
CARE PROPERTY INVEST NV	Property	—	0.03%	$61,422
ESR KENDALL SQUARE REIT CO. LTD.	Property	—	0.03%	$61,079
MIRAI CORP.	Property	—	0.03%	$60,400
PPHE HOTEL GROUP LTD.	Equity	—	0.03%	$59,964
CDL HOSPITALITY TRUSTS	Property	—	0.03%	$58,269
SOSILA LOGISTICS REIT, INC.	Property	—	0.03%	$57,326
PICTON PROPERTY INCOME LTD.	Property	—	0.03%	$56,839
IRISH RESIDENTIAL PROPERTIES REIT PLC	Property	—	0.03%	$54,850
HIAG IMMOBILIEN HOLDING AG	Equity	—	0.03%	$54,232
SAMHALLSBYGGNADSBOLAGET I NORDEN AB	Equity	—	0.03%	$53,592
CROMWELL PROPERTY GROUP	Property	—	0.03%	$53,112
ICHIGO OFFICE REIT INVESTMENT CORP.	Property	—	0.03%	$51,330
DEXUS INDUSTRIA REIT	Property	—	0.03%	$50,639
CHAMPION REIT	Property	—	0.03%	$50,296
FAR EAST HOSPITALITY TRUST	Property	—	0.03%	$49,998
MIRARTH REAL ESTATE INVESTMENT CORP.	Property	—	0.03%	$49,325
STRIDE PROPERTY GROUP	Property	—	0.03%	$47,178
DIGITAL CORE REIT MANAGEMENT PTE. LTD.	Property	—	0.03%	$46,134
INTEA FASTIGHETER AB	Equity	—	0.03%	$45,942
PLATZER FASTIGHETER HOLDING AB	Equity	—	0.03%	$45,839
VITAL HEALTHCARE PROPERTY TRUST	Property	—	0.03%	$45,680
STATE STREET BANK AND TRUST	Cash	CAD	0.03%	$45,294
DEUTSCHE EUROSHOP AG	Equity	—	0.02%	$43,594
INVESTIS HOLDING SA	Equity	—	0.02%	$43,368
ABACUS STORAGE KING	Property	—	0.02%	$43,128
HAMBORNER REIT AG	Property	—	0.02%	$42,491
STENDORREN FASTIGHETER AB	Equity	—	0.02%	$41,735
LOGISTEA AB	Equity	—	0.02%	$41,053
NEWRIVER REIT PLC	Property	—	0.02%	$41,026
COREM PROPERTY GROUP AB	Equity	—	0.02%	$40,187
SHINHAN ALPHA REIT CO. LTD.	Property	—	0.02%	$39,833
CUSTODIAN PROPERTY INCOME REIT PLC	Property	—	0.02%	$38,464
VASTNED NV	Property	—	0.02%	$37,930
PUBLIC PROPERTY INVEST AS	Equity	—	0.02%	$36,370
SUNLIGHT REAL ESTATE INVESTMENT TRUST	Property	—	0.02%	$35,988
LOTTE REIT CO. LTD.	Property	—	0.02%	$35,838
GROWTHPOINT PROPERTIES AUSTRALIA LTD.	Property	—	0.02%	$35,219
NSI NV	Property	—	0.02%	$35,149
JR GLOBAL REIT	Property	—	0.02%	$34,577
STATE STREET BANK AND TRUST	Cash	CHF	0.02%	$34,483
ONE REIT, INC.	Property	—	0.02%	$34,201
ABACUS GROUP	Property	—	0.02%	$33,346
CITYCON OYJ	Equity	—	0.02%	$32,797
SUNEVISION HOLDINGS LTD.	Equity	—	0.02%	$32,456
SCHRODER REAL ESTATE INVESTMENT TRUST LTD.	Property	—	0.02%	$32,164
STATE STREET BANK AND TRUST	Cash	SGD	0.02%	$31,715
SOCIAL HOUSING REIT PLC	Property	—	0.02%	$31,609
ASCENCIO	Property	—	0.02%	$30,979
SANKEI REAL ESTATE, INC.	Property	—	0.02%	$30,612
SAMTY RESIDENTIAL INVESTMENT CORP.	Property	—	0.02%	$30,381
CENTURIA OFFICE REIT	Property	—	0.02%	$29,773
AEW U.K. REIT PLC	Property	—	0.02%	$28,774
STARTS PROCEED INVESTMENT CORP.	Property	—	0.02%	$28,107
PEACH PROPERTY GROUP AG	Equity	—	0.02%	$27,442
HEALTH CARE & MEDICAL INVESTMENT CORP.	Property	—	0.01%	$24,837
PROSPERITY REIT	Property	—	0.01%	$24,536
HELICAL PLC	Property	—	0.01%	$24,508
HOME INVEST BELGIUM SA	Property	—	0.01%	$23,844
STATE STREET BANK AND TRUST	Cash	GBP	0.01%	$22,973
FASTPARTNER AB	Equity	—	0.01%	$22,811
IMMOBILIARE GRANDE DISTRIBUZIONE SIIQ SPA	Property	—	0.01%	$22,193
REGIONAL REIT LTD.	Property	—	0.01%	$22,174
SVEAFASTIGHETER AB	Equity	—	0.01%	$22,135
STATE STREET BANK AND TRUST	Cash	ILS	0.01%	$20,124
NEOBO FASTIGHETER AB	Equity	—	0.01%	$19,815
HEBA FASTIGHETS AB	Equity	—	0.01%	$15,777
LIFE SCIENCE REIT PLC	Property	—	0.01%	$14,143
ABRDN EUROPEAN LOGISTICS INCOME PLC	Property	—	0.01%	$12,371
RESIDENTIAL SECURE INCOME PLC	Property	—	0.01%	$10,662
STATE STREET BANK AND TRUST	Cash	NZD	0.00%	$7,803
STATE STREET BANK AND TRUST	Cash	NOK	0.00%	$5,040
STATE STREET BANK AND TRUST	Cash	KRW	0.00%	$1,756

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.