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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SSE PLC /GBP/</name>
        <lei>549300KI75VYLLMSK856</lei>
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          <isin value="GB0007908733"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BP PLC /GBP/</name>
        <lei>213800LH1BZH3DI6G760</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>BLACK HILLS CORP</name>
        <lei>3MGELCRSTNSAMJ962671</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BXP INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BRIXMOR PROPERTY GROUP INC</name>
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        <assetCat>RE</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BROADSTONE NET LEASE INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CBRE GROUP INC - A</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CF INDUSTRIES HOLDINGS INC</name>
        <lei>529900CG8YAQFZ2JMV97</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CMS ENERGY CORP</name>
        <lei>549300IA9XFBAGNIBW29</lei>
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          <isin value="US1258961002"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSX CORP</name>
        <lei>549300JVQR4N1MMP3Q88</lei>
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          <isin value="US1264081035"/>
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        <balance>29623.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAMDEN PROPERTY TRUST</name>
        <lei>5493002MYX22OHYJBD89</lei>
        <title>CAMDEN PROPERTY TRUST 0.00000000</title>
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          <isin value="US1331311027"/>
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        <balance>4479.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAMECO CORP</name>
        <lei>N4BHALMXL3GMZKCUON55</lei>
        <title>CAMECO CORP 0.00000000</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CANADIAN NATL RAILWAY CO /CAD/</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>CANADIAN PACIFIC KANSAS CITY</name>
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        <name>CARETRUST REIT INC</name>
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        <name>CASELLA WASTE SYSTEMS INC-A</name>
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        <name>CATERPILLAR INC</name>
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        <name>CHENIERE ENERGY INC</name>
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        <name>EXPAND ENERGY CORP</name>
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        <name>COEUR MINING INC</name>
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        <name>CONOCOPHILLIPS</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>CORE NATURAL RESOURCES INC</name>
        <lei>549300YJCTPJBTK7IJ81</lei>
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        <name>CORTEVA INC</name>
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        <name>CROWN CASTLE INC</name>
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        <name>CUBESMART</name>
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      <invstOrSec>
        <name>CURBLINE PROPERTIES CORP</name>
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        <name>DT MIDSTREAM INC</name>
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        <name>DEERE AND CO</name>
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        <name>TECK RESOURCES LTD CLS B/CAD/</name>
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        <name>ENBRIDGE INC</name>
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        <name>ENTERGY CORP</name>
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      <invstOrSec>
        <name>EQUINIX INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EQUITY LIFESTYLE PROPERTIES</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EQUITY RESIDENTIAL</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ESSENTIAL PROPERTIES REALTY</name>
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      <invstOrSec>
        <name>ESSENTIAL UTILITIES INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ESSEX PROPERTY TRUST INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EVERGY INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EXELON CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EXTRA SPACE STORAGE INC</name>
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        <name>EXXON MOBIL CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SACYR SA /EUR/</name>
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      <invstOrSec>
        <name>MACERICH CO/THE</name>
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        <name>VERIS RESIDENTIAL INC</name>
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      <invstOrSec>
        <name>MARATHON PETROLEUM CORP</name>
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      <invstOrSec>
        <name>TAG IMMOBILIEN AG /EUR/</name>
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      <invstOrSec>
        <name>VOPAK /EUR/</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>METHANEX CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MID-AMERICA APARTMENT COMM</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MILLROSE PROPERTIES</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CLP HOLDINGS LTD /HKD/</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>LIFESTYLE COMMUNITIES LT /AUD/</name>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MOSAIC CO/THE</name>
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        <name>TRANSURBAN GROUP /AUD/</name>
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        <name>NRG ENERGY INC</name>
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        <name>NNN REIT INC</name>
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        <name>NETSTREIT CORP</name>
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        <name>HENDERSON LAND DEVELOPME /HKD/</name>
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        <name>HONGKONG LAND HOLDINGS LTD</name>
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        <name>INTL CONTAINER TERM SVCS /PHP/</name>
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        <name>INFRATIL LTD /NZD/</name>
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      <invstOrSec>
        <name>CHINA GAS HOLDINGS LTD /HKD/</name>
        <lei>254900KTSZLZ21VV8T33</lei>
        <title>CHINA GAS HOLDINGS LTD /HKD/ 0.00000000</title>
        <cusip>G2109G103</cusip>
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          <isin value="BMG2109G1033"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEWMONT CORP</name>
        <lei>549300VSP3RIX7FGDZ51</lei>
        <title>NEWMONT CORP 0.00000000</title>
        <cusip>651639106</cusip>
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          <isin value="US6516391066"/>
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        <balance>32887.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4275310.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ORIX JREIT INC /JPY/</name>
        <lei>353800WVNTBIU65TA247</lei>
        <title>ORIX JREIT INC /JPY/ 0.00000000</title>
        <cusip>J8996L102</cusip>
        <identifiers>
          <isin value="JP3040880001"/>
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        <balance>747.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JAPAN PRIME REALTY INVES /JPY/</name>
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        <title>JAPAN PRIME REALTY INVESTMEN /JPY/ 0.00000000</title>
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          <isin value="JP3040890000"/>
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        <balance>566.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEXTERA ENERGY INC</name>
        <lei>254900RHL9MEUS5NKX63</lei>
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          <isin value="US65339F1012"/>
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        <balance>61769.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NISOURCE INC</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NISOURCE INC 0.00000000</title>
        <cusip>65473P105</cusip>
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          <isin value="US65473P1057"/>
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        <balance>55860.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAPITALAND ASCENDAS REIT /SGD/</name>
        <lei>549300ILIBAEMQZK3L20</lei>
        <title>CAPITALAND ASCENDAS REIT /SGD/ 0.00000000</title>
        <cusip>Y0205X103</cusip>
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          <isin value="SG1M77906915"/>
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        <balance>319561.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.26495000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MITSUBISHI ESTATE CO LTD /JPY/</name>
        <lei>353800KOFMRGOXSJ5Z65</lei>
        <title>MITSUBISHI ESTATE CO LTD /JPY/ 0.00000000</title>
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          <isin value="JP3899600005"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MITSUI FUDOSAN CO LTD /JPY/</name>
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        <title>MITSUI FUDOSAN CO LTD /JPY/ 0.00000000</title>
        <cusip>J4509L101</cusip>
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          <isin value="JP3893200000"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AREALINK CO LTD /JPY/</name>
        <lei>N/A</lei>
        <title>AREALINK CO LTD /JPY/ 0.00000000</title>
        <cusip>J01956101</cusip>
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          <isin value="JP3167620008"/>
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        <balance>54139.00000000</balance>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NUCOR CORP</name>
        <lei>549300GGJCRSI2TIEJ46</lei>
        <title>NUCOR CORP 0.00000000</title>
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        <balance>3436.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NUTRIEN LTD</name>
        <lei>5493002QQ7GD21OWF963</lei>
        <title>NUTRIEN LTD 0.00000000</title>
        <cusip>67077M108</cusip>
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        <balance>27380.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>UNITED URBAN INVESTMENT  /JPY/</name>
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        <title>UNITED URBAN INVESTMENT CORP /JPY/ 0.00000000</title>
        <cusip>J9427E105</cusip>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CHORD ENERGY CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ONEOK INC</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
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        <name>STOCKLAND /AUD/</name>
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        <name>SUMITOMO REALTY &amp; DEVELO /JPY/</name>
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        <name>SUN HUNG KAI PROPERTIES /HKD/</name>
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        <name>OVINTIV INC</name>
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        <name>P G &amp; E CORP</name>
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        <name>PACKAGING CORP OF AMERICA</name>
        <lei>549300XZP8MFZFY8TJ84</lei>
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        <name>PAN AMERICAN SILVER CORP</name>
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        <name>PEABODY ENERGY CORP</name>
        <lei>EJCO258LNNVSKAR2JX59</lei>
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        <name>FRAPORT AG FRANKFURT AIR /EUR/</name>
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      <invstOrSec>
        <name>PERMIAN RESOURCES CORP-CL A</name>
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      <invstOrSec>
        <name>ENEL SPA /EUR/</name>
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      <invstOrSec>
        <name>PHILLIPS 66</name>
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      <invstOrSec>
        <name>PIMCO COMMODITY ACTIVE STRAT</name>
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        <name>PRIMARIS REIT /CAD/</name>
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        <name>PROLOGIS INC</name>
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        <name>PUBLIC STORAGE REIT</name>
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        <name>REALTY INCOME CORP</name>
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        <name>REPUBLIC SERVICES INC</name>
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        <name>REXFORD INDUSTRIAL REALTY IN</name>
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        <name>ROCKPOINT GAS STORAG-CL  /CAD/</name>
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        <name>ROYAL GOLD INC</name>
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        <name>RYMAN HOSPITALITY PROPERTIES</name>
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        <name>STEEL DYNAMICS INC</name>
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        <name>SUN COMMUNITIES INC</name>
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        <name>SUNCOR ENERGY INC NEW</name>
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        <name>SUNSTONE HOTEL INVESTORS INC</name>
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        <name>TECK RESOURCES LTD CLS B</name>
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        <name>UNION PACIFIC CORP</name>
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        <name>URBAN EDGE PROPERTIES</name>
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        <name>VANECK GOLD MINERS ETF</name>
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          <isin value="US98149E3036"/>
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        <curCd>USD</curCd>
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        <issuerCat>PF</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WYNDHAM HOTELS &amp; RESORTS INC</name>
        <lei>549300FE3MQ4RVXXC673</lei>
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          <isin value="US98311A1051"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>XCEL ENERGY INC</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
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          <isin value="US98389B1008"/>
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        <balance>53924.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INVINCIBLE INVESTMENT CO /JPY/</name>
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        <title>INVINCIBLE INVESTMENT CORP /JPY/ 0.00000000</title>
        <cusip>J2442V103</cusip>
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          <isin value="JP3046190009"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TERNA-RETE ELETTRICA NAZ /EUR/</name>
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        <title>TERNA-RETE ELETTRICA NAZIONA /EUR/ 0.00000000</title>
        <cusip>T9471R100</cusip>
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          <isin value="IT0003242622"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GOODMAN GROUP /AUD/</name>
        <lei>N/A</lei>
        <title>GOODMAN GROUP/AUD/ 0.00000000</title>
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          <isin value="AU000000GMG2"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SEMBCORP INDUSTRIES LTD /SGD/</name>
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        <title>SEMBCORP INDUSTRIES LTD /SGD/ 0.00000000</title>
        <cusip>Y79711159</cusip>
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          <isin value="SG1R50925390"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ELIA GROUP SA/NV /EUR/</name>
        <lei>549300S1MP1NFDIKT460</lei>
        <title>ELIA GROUP SA/NV /EUR/ 0.00000000</title>
        <cusip>B35656105</cusip>
        <identifiers>
          <isin value="BE0003822393"/>
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        <balance>4035.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>BE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENGIE /EUR/</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>ENGIE /EUR/ 0.00000000</title>
        <cusip>F7629A107</cusip>
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          <isin value="FR0010208488"/>
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        <balance>14410.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KDX REALTY INVESTMENT CO /JPY/</name>
        <lei>353800FFT483NCIHFY42</lei>
        <title>KDX REALTY INVESTMENT CORP /JPY/ 0.00000000</title>
        <cusip>J32922106</cusip>
        <identifiers>
          <isin value="JP3046270009"/>
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        <currencyConditional curCd="JPY" exchangeRt="156.15500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LINK REIT /HKD/</name>
        <lei>529900XUE70U36QX5M62</lei>
        <title>LINK REIT /HKD/ 0.00000000</title>
        <cusip>Y5281M111</cusip>
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          <isin value="HK0823032773"/>
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        <balance>144184.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORSK HYDRO ASA /NOK/</name>
        <lei>549300N1SDN71ZZ8BO45</lei>
        <title>NORSK HYDRO ASA /NOK/ 0.00000000</title>
        <cusip>R61115102</cusip>
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          <isin value="NO0005052605"/>
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        <assetCat>EC</assetCat>
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        <invCountry>NO</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CATENA AB NPV /SEK/</name>
        <lei>549300EMLM7AH5LDLY65</lei>
        <title>CATENA AB NPV /SEK/ 0.00000000</title>
        <cusip>W2356E100</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>DIOS FASTIGHETER AB /SEK/</name>
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        <title>DIOS FASTIGHETER AB /SEK/ 0.00000000</title>
        <cusip>W2592B100</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHARTER HALL GROUP /AUD/</name>
        <lei>N/A</lei>
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        <cusip>Q2308A138</cusip>
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        <name>ADP /EUR/</name>
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        <name>FRASERS CENTREPOINT TRUS /SGD/</name>
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        <name>MITSUI FUDOSAN ACCOMMODA /JPY/</name>
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        <name>CANFOR CORP /CAD/</name>
        <lei>549300DRE7WBHY02BD70</lei>
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        <name>SEVERN TRENT PLC /GBP/</name>
        <lei>213800RPBXRETY4A4C59</lei>
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        <name>QUBE  HOLDINGS  /AUD/</name>
        <lei>391200RT2MUFEO3RFW25</lei>
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        <name>SIRIUS REAL ESTATE LTD /GBP/</name>
        <lei>213800NURUF5W8QSK566</lei>
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        <invCountry>GG</invCountry>

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      <invstOrSec>
        <name>IBERDROLA SA /EUR/</name>
        <lei>5QK37QC7NWOJ8D7WVQ45</lei>
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        <cusip>E6165F166</cusip>
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        <invCountry>ES</invCountry>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GETLINK SE /EUR/</name>
        <lei>9695007ZEQ7M0OE74G82</lei>
        <title>GETLINK SE /EUR/ 0.00000000</title>
        <cusip>F4R053105</cusip>
        <identifiers>
          <isin value="FR0010533075"/>
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        <balance>28728.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84631009"/>
        <valUSD>625127.54000000</valUSD>
        <pctVal>0.154720688467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VGP /EUR/</name>
        <lei>315700NENYPIXFR94T49</lei>
        <title>VGP /EUR/ 0.00000000</title>
        <cusip>B9738D109</cusip>
        <identifiers>
          <isin value="BE0003878957"/>
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        <balance>2729.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84631009"/>
        <valUSD>354800.98000000</valUSD>
        <pctVal>0.087814163322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EDP RENOVAVEIS SA /EUR/</name>
        <lei>N/A</lei>
        <title>EDP RENOVAVEIS SA /EUR/ 0.00000000</title>
        <cusip>E3847K101</cusip>
        <identifiers>
          <isin value="ES0127797019"/>
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        <balance>129669.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84631009"/>
        <valUSD>2045872.34000000</valUSD>
        <pctVal>0.506358713555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNITED UTILITIES GROUP P /GBP/</name>
        <lei>2138002IEYQAOC88ZJ59</lei>
        <title>UNITED UTILITIES GROUP PLC /GBP/ 0.00000000</title>
        <cusip>G92755100</cusip>
        <identifiers>
          <isin value="GB00B39J2M42"/>
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        <balance>173191.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74203242"/>
        <valUSD>3253315.64000000</valUSD>
        <pctVal>0.805204063836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PEMBINA PIPELINE CORP /CAD/</name>
        <lei>5493002W3L9YICM6FU21</lei>
        <title>PEMBINA PIPELINE CORP /CAD/ 0.00000000</title>
        <cusip>706327103</cusip>
        <identifiers>
          <isin value="CA7063271034"/>
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        <balance>16527.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36430000"/>
        <valUSD>726228.58000000</valUSD>
        <pctVal>0.179743458243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONDONMETRIC PROPERTY PL /GBP/</name>
        <lei>213800OCERWWPQDURL87</lei>
        <title>LONDONMETRIC PROPERTY PLC /GBP/ 0.00000000</title>
        <cusip>G5689W109</cusip>
        <identifiers>
          <isin value="GB00B4WFW713"/>
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        <balance>308977.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74203242"/>
        <valUSD>893225.96000000</valUSD>
        <pctVal>0.221075743181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CARMILA /EUR/</name>
        <lei>222100P6D3QKU33LZQ72</lei>
        <title>CARMILA /EUR/ 0.00000000</title>
        <cusip>F1387K266</cusip>
        <identifiers>
          <isin value="FR0010828137"/>
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        <balance>11706.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84631009"/>
        <valUSD>255735.78000000</valUSD>
        <pctVal>0.063295269230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEXTDC LTD /AUD/</name>
        <lei>529900RTERU3X7G3D672</lei>
        <title>NEXTDC LTD /AUD/ 0.00000000</title>
        <cusip>Q6750Y106</cusip>
        <identifiers>
          <isin value="AU000000NXT8"/>
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        <balance>163794.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.40528397"/>
        <valUSD>1600330.39000000</valUSD>
        <pctVal>0.396085924669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SEGRO PLC /GBP/</name>
        <lei>213800XC35KGM9NFC641</lei>
        <title>SEGRO PLC /GBP/ 0.00000000</title>
        <cusip>G80277141</cusip>
        <identifiers>
          <isin value="GB00B5ZN1N88"/>
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        <balance>22268.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74203242"/>
        <valUSD>252190.26000000</valUSD>
        <pctVal>0.062417743828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHAFTESBURY CAPITAL PLC /GBP/</name>
        <lei>549300TTXXZ1SHUI0D54</lei>
        <title>SHAFTESBURY CAPITAL PLC /GBP/ 0.00000000</title>
        <cusip>G19406100</cusip>
        <identifiers>
          <isin value="GB00B62G9D36"/>
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        <balance>268162.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74203242"/>
        <valUSD>558295.39000000</valUSD>
        <pctVal>0.138179557901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARC RESOURCES LTD /CAD/</name>
        <lei>5493000OCGNQZEVTDT08</lei>
        <title>ARC RESOURCES LTD /CAD/ 0.00000000</title>
        <cusip>00208D408</cusip>
        <identifiers>
          <isin value="CA00208D4084"/>
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        <balance>51868.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36430000"/>
        <valUSD>961856.19000000</valUSD>
        <pctVal>0.238061903214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWIRE PROPERTIES LTD /HKD/</name>
        <lei>N/A</lei>
        <title>SWIRE PROPERTIES LTD /HKD/ 0.00000000</title>
        <cusip>Y83191109</cusip>
        <identifiers>
          <isin value="HK0000063609"/>
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        <balance>243095.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82335000"/>
        <valUSD>838450.16000000</valUSD>
        <pctVal>0.207518590528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INGENIA COMMUNITIES GROU /AUD/</name>
        <lei>N/A</lei>
        <title>INGENIA COMMUNITIES GROUP /AUD/ 0.00000000</title>
        <cusip>Q4912D185</cusip>
        <identifiers>
          <isin value="AU000000INA9"/>
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        <balance>136074.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.40528397"/>
        <valUSD>441060.72000000</valUSD>
        <pctVal>0.109163672831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHARTWELL RETIREMENT RES /CAD/</name>
        <lei>549300M7UBEIZBWP4069</lei>
        <title>CHARTWELL RETIREMENT RESIDEN /CAD/ 0.00000000</title>
        <cusip>16141A103</cusip>
        <identifiers>
          <isin value="CA16141A1030"/>
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        <balance>38032.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36430000"/>
        <valUSD>619417.31000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NIPPON PROLOGIS REIT INC /JPY/</name>
        <lei>353800PHBMSDLAFURY41</lei>
        <title>NIPPON PROLOGIS REIT INC /JPY/ 0.00000000</title>
        <cusip>J5528H104</cusip>
        <identifiers>
          <isin value="JP3047550003"/>
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        <balance>723.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.15500000"/>
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        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LEG IMMOBILIEN SE /EUR/</name>
        <lei>391200SO40AKONBO0Z96</lei>
        <title>LEG IMMOBILIEN SE /EUR/ 0.00000000</title>
        <cusip>D4960A103</cusip>
        <identifiers>
          <isin value="DE000LEG1110"/>
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        <balance>6664.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84631009"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENAV SPA /EUR/</name>
        <lei>N/A</lei>
        <title>ENAV SPA /EUR/ 144A 0.00000000</title>
        <cusip>T3R4KN103</cusip>
        <identifiers>
          <isin value="IT0005176406"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.84631009"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OPEN HOUSE GROUP CO LTD /JPY/</name>
        <lei>529900WQOGPBIJEHW865</lei>
        <title>OPEN HOUSE GROUP CO LTD /JPY/ 0.00000000</title>
        <cusip>J3072G101</cusip>
        <identifiers>
          <isin value="JP3173540000"/>
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        <currencyConditional curCd="JPY" exchangeRt="156.15500000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REDEIA CORP SA /EUR/</name>
        <lei>5493009HMD0C90GUV498</lei>
        <title>REDEIA CORP SA /EUR/ 0.00000000</title>
        <cusip>E42807110</cusip>
        <identifiers>
          <isin value="ES0173093024"/>
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        <balance>59911.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84631009"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IVANHOE MINES LTD-CL A /CAD/</name>
        <lei>5299006XZISURYIA4G32</lei>
        <title>IVANHOE MINES LTD-CL A /CAD/ 0.00000000</title>
        <cusip>46579R104</cusip>
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        <currencyConditional curCd="CAD" exchangeRt="1.36430000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>NEINOR HOMES SA /EUR/</name>
        <lei>959800FW4JL65YWSQ217</lei>
        <title>NEINOR HOMES SA /EUR/ 144A 0.00000000</title>
        <cusip>E7647E108</cusip>
        <identifiers>
          <isin value="ES0105251005"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LASALLE LOGIPORT REIT /JPY/</name>
        <lei>353800II3DI1RPKBB314</lei>
        <title>LASALLE LOGIPORT REIT /JPY/ 0.00000000</title>
        <cusip>J38684106</cusip>
        <identifiers>
          <isin value="JP3048180008"/>
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        <balance>252.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.15500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AIRPORTS OF THAILAND PCL /THB/</name>
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        <title>AIRPORTS OF THAILAND PCL-FOR /THB/ 0.00000000</title>
        <cusip>Y0028Q137</cusip>
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          <isin value="TH0765010Z16"/>
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        <currencyConditional curCd="THB" exchangeRt="31.08000000"/>
        <valUSD>518696.91000000</valUSD>
        <pctVal>0.128378831336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL GRID PLC /GBP/</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
        <title>NATIONAL GRID PLC /GBP/ 0.00000000</title>
        <cusip>G6S9A7120</cusip>
        <identifiers>
          <isin value="GB00BDR05C01"/>
        </identifiers>
        <balance>247220.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74203242"/>
        <valUSD>4634112.28000000</valUSD>
        <pctVal>1.146954815651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CNH INDUSTRIAL NV</name>
        <lei>549300WGC2HZ5J67V817</lei>
        <title>CNH INDUSTRIAL NV 0.00000000</title>
        <cusip>N20944109</cusip>
        <identifiers>
          <isin value="NL0010545661"/>
        </identifiers>
        <balance>72191.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>887949.30000000</valUSD>
        <pctVal>0.219769756137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIBAIL-RODAMCO-WESTFIEL /EUR/</name>
        <lei>N/A</lei>
        <title>UNIBAIL-RODAMCO-WESTFIELD /EUR/ 0.00000000</title>
        <cusip>F95094581</cusip>
        <identifiers>
          <isin value="FR0013326246"/>
        </identifiers>
        <balance>13454.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84631009"/>
        <valUSD>1686196.71000000</valUSD>
        <pctVal>0.417338061707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>3I INFRASTRUCTURE PLC /GBP/</name>
        <lei>N/A</lei>
        <title>3I INFRASTRUCTURE PLC /GBP/ 0.00000000</title>
        <cusip>G8873L178</cusip>
        <identifiers>
          <isin value="JE00BF5FX167"/>
        </identifiers>
        <balance>34167.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74203242"/>
        <valUSD>165637.60000000</valUSD>
        <pctVal>0.040995735859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRITAX BIG BOX REIT PLC /GBP/</name>
        <lei>213800L6X88MIYPVR714</lei>
        <title>TRITAX BIG BOX REIT PLC /GBP/ 0.00000000</title>
        <cusip>G9101W101</cusip>
        <identifiers>
          <isin value="GB00BG49KP99"/>
        </identifiers>
        <balance>338199.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74203242"/>
        <valUSD>782668.58000000</valUSD>
        <pctVal>0.193712504715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HK ELECTRIC INVESTMENTS  /HKD/</name>
        <lei>N/A</lei>
        <title>HK ELECTRIC INVESTMENTS -SS /HKD/ REG S 0.00000000</title>
        <cusip>Y32359104</cusip>
        <identifiers>
          <isin value="HK0000179108"/>
        </identifiers>
        <balance>426000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82335000"/>
        <valUSD>381510.39000000</valUSD>
        <pctVal>0.094424811612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TITAN SA /EUR/</name>
        <lei>213800H2CDP9I374WH83</lei>
        <title>TITAN SA /EUR/ 0.00000000</title>
        <cusip>B9152F101</cusip>
        <identifiers>
          <isin value="BE0974338700"/>
        </identifiers>
        <balance>7643.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84631009"/>
        <valUSD>475226.31000000</valUSD>
        <pctVal>0.117619745022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HMC CAPITAL LTD /AUD/</name>
        <lei>9845005E59E4DCFA1C33</lei>
        <title>HMC CAPITAL LTD /AUD/ 0.00000000</title>
        <cusip>Q46597102</cusip>
        <identifiers>
          <isin value="AU0000058943"/>
        </identifiers>
        <balance>87270.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.40528397"/>
        <valUSD>172472.15000000</valUSD>
        <pctVal>0.042687304721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HELIOS TOWERS PLC /GBP/</name>
        <lei>213800DGC7GS4XCHCU30</lei>
        <title>HELIOS TOWERS PLC /GBP/ 0.00000000</title>
        <cusip>G4431S102</cusip>
        <identifiers>
          <isin value="GB00BJVQC708"/>
        </identifiers>
        <balance>128227.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74203242"/>
        <valUSD>346436.76000000</valUSD>
        <pctVal>0.085743997165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAREHOUSES DE PAUW SCA /EUR/</name>
        <lei>549300HWDYC5JXC85138</lei>
        <title>WAREHOUSES DE PAUW SCA /EUR/ 0.00000000</title>
        <cusip>B9T59Z100</cusip>
        <identifiers>
          <isin value="BE0974349814"/>
        </identifiers>
        <balance>13015.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84631009"/>
        <valUSD>400227.70000000</valUSD>
        <pctVal>0.099057394412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AUCKLAND INTL AIRPORT LT /NZD/</name>
        <lei>549300HFZIZDJWB7AK60</lei>
        <title>AUCKLAND INTL AIRPORT LTD /NZD/ 0.00000000</title>
        <cusip>Q06213146</cusip>
        <identifiers>
          <isin value="NZAIAE0002S6"/>
        </identifiers>
        <balance>641041.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.66722259"/>
        <valUSD>3521482.87000000</valUSD>
        <pctVal>0.871576149203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CTP NV /EUR/</name>
        <lei>3157000YTVO4TN65UM14</lei>
        <title>CTP NV /EUR/ 144A 0.00000000</title>
        <cusip>N2368S105</cusip>
        <identifiers>
          <isin value="NL00150006R6"/>
        </identifiers>
        <balance>28695.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84631009"/>
        <valUSD>609520.37000000</valUSD>
        <pctVal>0.150857873389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEATHERFORD INTERNATIONAL PL</name>
        <lei>529900LPBDSCQDJKHQ39</lei>
        <title>WEATHERFORD INTERNATIONAL PL 0.00000000</title>
        <cusip>G48833118</cusip>
        <identifiers>
          <isin value="IE00BLNN3691"/>
        </identifiers>
        <balance>4647.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>490072.62000000</valUSD>
        <pctVal>0.121294245276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCENTRE GROUP /AUD/</name>
        <lei>N/A</lei>
        <title>SCENTRE GROUP /AUD/ 0.00000000</title>
        <cusip>Q8351E109</cusip>
        <identifiers>
          <isin value="AU000000SCG8"/>
        </identifiers>
        <balance>311135.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.40528397"/>
        <valUSD>846562.09000000</valUSD>
        <pctVal>0.209526314255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAPSTONE COPPER CORP /CAD/</name>
        <lei>549300III6KGKKC42W63</lei>
        <title>CAPSTONE COPPER CORP /CAD/ 0.00000000</title>
        <cusip>14071L108</cusip>
        <identifiers>
          <isin value="CA14071L1085"/>
        </identifiers>
        <balance>43202.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36430000"/>
        <valUSD>446808.05000000</valUSD>
        <pctVal>0.110586151921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERLIN PROPERTIES SOCIMI /EUR/</name>
        <lei>959800L8KD863DP30X04</lei>
        <title>MERLIN PROPERTIES SOCIMI SA /EUR/ 0.00000000</title>
        <cusip>E7390Z100</cusip>
        <identifiers>
          <isin value="ES0105025003"/>
        </identifiers>
        <balance>62229.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84631009"/>
        <valUSD>1100536.62000000</valUSD>
        <pctVal>0.272385669539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DALRYMPLE BAY INFRASTRUC /AUD/</name>
        <lei>N/A</lei>
        <title>DALRYMPLE BAY INFRASTRUCTURE /AUD/ 0.00000000</title>
        <cusip>Q3092D106</cusip>
        <identifiers>
          <isin value="AU0000120628"/>
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        <balance>57613.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.40528397"/>
        <valUSD>211429.66000000</valUSD>
        <pctVal>0.052329389547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PENNON GROUP PLC /GBP/</name>
        <lei>213800V1CCTS41GWH423</lei>
        <title>PENNON GROUP PLC /GBP/ 0.00000000</title>
        <cusip>G8295T239</cusip>
        <identifiers>
          <isin value="GB00BNNTLN49"/>
        </identifiers>
        <balance>225981.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74203242"/>
        <valUSD>1821863.87000000</valUSD>
        <pctVal>0.450916035888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHELL PLC-NEW /GBP/</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>SHELL PLC-NEW /GBP/ 0.00000000</title>
        <cusip>G80827101</cusip>
        <identifiers>
          <isin value="GB00BP6MXD84"/>
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        <balance>44363.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74203242"/>
        <valUSD>1844873.89000000</valUSD>
        <pctVal>0.456611075553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WIHLBORGS FASTIGHETER AB /SEK/</name>
        <lei>549300RC1YDJPITF8X06</lei>
        <title>WIHLBORGS FASTIGHETER AB /SEK/ 0.00000000</title>
        <cusip>W9899F163</cusip>
        <identifiers>
          <isin value="SE0018012635"/>
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        <balance>15598.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.02795000"/>
        <valUSD>165360.46000000</valUSD>
        <pctVal>0.040927142990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FASTIGHETS AB BALDER-B S /SEK/</name>
        <lei>549300GHKJCEZOAEUU82</lei>
        <title>FASTIGHETS AB BALDER-B SHRS /SEK/ 0.00000000</title>
        <cusip>W2951M127</cusip>
        <identifiers>
          <isin value="SE0017832488"/>
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        <balance>166303.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.02795000"/>
        <valUSD>1250676.12000000</valUSD>
        <pctVal>0.309545585428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ATHENS INTERNATIONAL AIR /EUR/</name>
        <lei>N/A</lei>
        <title>ATHENS INTERNATIONAL AIRPORT /EUR/ 0.00000000</title>
        <cusip>X0254W106</cusip>
        <identifiers>
          <isin value="GRS536003007"/>
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        <balance>53275.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84631009"/>
        <valUSD>720361.76000000</valUSD>
        <pctVal>0.178291405067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BUNGE GLOBAL SA</name>
        <lei>254900IVXSV9K0B7PO26</lei>
        <title>BUNGE GLOBAL SA 0.00000000</title>
        <cusip>H11356104</cusip>
        <identifiers>
          <isin value="CH1300646267"/>
        </identifiers>
        <balance>19034.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2296452.10000000</valUSD>
        <pctVal>0.568377854454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMURFIT WESTROCK PLC</name>
        <lei>635400EGSEOPDW2EXS14</lei>
        <title>SMURFIT WESTROCK PLC 0.00000000</title>
        <cusip>G8267P108</cusip>
        <identifiers>
          <isin value="IE00028FXN24"/>
        </identifiers>
        <balance>9770.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>459287.70000000</valUSD>
        <pctVal>0.113674897683</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FERROVIAL SE /EUR/</name>
        <lei>72450022R2ZFL41Y6I04</lei>
        <title>FERROVIAL SE /EUR/ 0.00000000</title>
        <cusip>N3168P101</cusip>
        <identifiers>
          <isin value="NL0015001FS8"/>
        </identifiers>
        <balance>4378.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84631009"/>
        <valUSD>328245.54000000</valUSD>
        <pctVal>0.081241623005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTURION ACCOMMODATION  /SGD/</name>
        <lei>254900NE2W0T2HDOXF24</lei>
        <title>CENTURION ACCOMMODATION REIT /SGD/ 0.00000000</title>
        <cusip>Y1777V103</cusip>
        <identifiers>
          <isin value="SGXC43938841"/>
        </identifiers>
        <balance>321400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.26495000"/>
        <valUSD>291877.80000000</valUSD>
        <pctVal>0.072240512975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NTT DC REIT</name>
        <lei>2549007AN8RVE3OG2252</lei>
        <title>NTT DC REIT 0.00000000</title>
        <cusip>Y642JH104</cusip>
        <identifiers>
          <isin value="SGXC92727947"/>
        </identifiers>
        <balance>247351.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>246009.86000000</valUSD>
        <pctVal>0.060888078789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KEPPEL DC REIT /SGD/</name>
        <lei>N/A</lei>
        <title>KEPPEL DC REIT /SGD/ 0.00000000</title>
        <cusip>Y47230100</cusip>
        <identifiers>
          <isin value="SG1AF6000009"/>
        </identifiers>
        <balance>47390.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.26495000"/>
        <valUSD>86468.74000000</valUSD>
        <pctVal>0.021401237551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANGLO AMERICAN PLC /GBP/</name>
        <lei>549300S9XF92D1X8ME43</lei>
        <title>ANGLO AMERICAN PLC /GBP/ 0.00000000</title>
        <cusip>G03764142</cusip>
        <identifiers>
          <isin value="GB00BTK05J60"/>
        </identifiers>
        <balance>51835.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74203242"/>
        <valUSD>2579514.59000000</valUSD>
        <pctVal>0.638436555327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AENA SME SA /EUR/</name>
        <lei>N/A</lei>
        <title>AENA SME SA /EUR/ 144A 0.00000000</title>
        <cusip>E526LK101</cusip>
        <identifiers>
          <isin value="ES0105046017"/>
        </identifiers>
        <balance>91638.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84631009"/>
        <valUSD>2892953.55000000</valUSD>
        <pctVal>0.716013511357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA TOWER CORP LTD-H /HKD/</name>
        <lei>300300T6BNNP0L7O7H91</lei>
        <title>CHINA TOWER CORP LTD-H /HKD/ 144A 0.00000000</title>
        <cusip>Y15076121</cusip>
        <identifiers>
          <isin value="CNE100006V65"/>
        </identifiers>
        <balance>524307.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82335000"/>
        <valUSD>746704.69000000</valUSD>
        <pctVal>0.184811348607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VALTERRA PLATINUM LIMITE /GBP/</name>
        <lei>529900RORCZ0E5S5FX81</lei>
        <title>VALTERRA PLATINUM LIMITED /GBP/ 0.00000000</title>
        <cusip>S9122P108</cusip>
        <identifiers>
          <isin value="ZAE000013181"/>
        </identifiers>
        <balance>10884.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74203242"/>
        <valUSD>1252804.93000000</valUSD>
        <pctVal>0.310072471428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CELLNEX TELECOM SA /EUR/</name>
        <lei>5493008T4YG3AQUI7P67</lei>
        <title>CELLNEX TELECOM SA /EUR/ 144A 0.00000000</title>
        <cusip>E2R41M104</cusip>
        <identifiers>
          <isin value="ES0105066007"/>
        </identifiers>
        <balance>100212.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84631009"/>
        <valUSD>3801957.20000000</valUSD>
        <pctVal>0.940994273759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOMURA REAL ESTATE MASTE /JPY/</name>
        <lei>353800TNNZOQ1CPZE086</lei>
        <title>NOMURA REAL ESTATE MASTER FU /JPY/ 0.00000000</title>
        <cusip>J589D3119</cusip>
        <identifiers>
          <isin value="JP3048110005"/>
        </identifiers>
        <balance>384.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.15500000"/>
        <valUSD>410127.06000000</valUSD>
        <pctVal>0.101507511703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LAND SECURITIES GROUP PL /GBP/</name>
        <lei>213800V8IAVKS37D6B88</lei>
        <title>LAND SECURITIES GROUP PLC /GBP/ 0.00000000</title>
        <cusip>G5375M142</cusip>
        <identifiers>
          <isin value="GB00BYW0PQ60"/>
        </identifiers>
        <balance>59197.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74203242"/>
        <valUSD>513695.74000000</valUSD>
        <pctVal>0.127141028782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIBUS NORDIC REAL ESTAT  /SEK/</name>
        <lei>549300PW36MFK96GCR23</lei>
        <title>CIBUS NORDIC REAL ESTAT PUBL /SEK/ 0.00000000</title>
        <cusip>W24214103</cusip>
        <identifiers>
          <isin value="SE0010832204"/>
        </identifiers>
        <balance>16467.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.02795000"/>
        <valUSD>279015.67000000</valUSD>
        <pctVal>0.069057102420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STAR ASIA INVESTMENT COR /JPY/</name>
        <lei>N/A</lei>
        <title>STAR ASIA INVESTMENT CORPORA /JPY/ 0.00000000</title>
        <cusip>J76639103</cusip>
        <identifiers>
          <isin value="JP3048200004"/>
        </identifiers>
        <balance>298.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.15500000"/>
        <valUSD>115954.05000000</valUSD>
        <pctVal>0.028698928296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ATLAS ARTERIA /AUD/</name>
        <lei>254900SGF4ZQDBH2YC59</lei>
        <title>ATLAS ARTERIA /AUD/ 0.00000000</title>
        <cusip>Q06180105</cusip>
        <identifiers>
          <isin value="AU0000013559"/>
        </identifiers>
        <balance>352640.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.40528397"/>
        <valUSD>1204528.13000000</valUSD>
        <pctVal>0.298123838141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INFRASTRUTTURE WIRELESS  /EUR/</name>
        <lei>81560066183FE361C071</lei>
        <title>INFRASTRUTTURE WIRELESS ITAL /EUR/ 144A 0.00000000</title>
        <cusip>T6032P102</cusip>
        <identifiers>
          <isin value="IT0005090300"/>
        </identifiers>
        <balance>32255.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84631009"/>
        <valUSD>342837.79000000</valUSD>
        <pctVal>0.084853242750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federated Investors, Inc.</name>
        <lei>R05X5UQ874RGFF7HHD84</lei>
        <title>Federated Government Obligations Fund</title>
        <cusip>608919718</cusip>
        <identifiers>
          <isin value="US6089197189"/>
        </identifiers>
        <balance>477874.00000000</balance>
        <units>OU</units>
        <descOthUnits>N/A</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>477874.00000000</valUSD>
        <pctVal>0.118275055168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="477874.00000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="ISO country code not reported for forwards, swaps or supranationals." noteItem="C.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Brinker Capital Destinations Trust</ncom:nameOfApplicant>
      <ncom:signature>Brian Ferko</ncom:signature>
      <ncom:signerName>Brian Ferko</ncom:signerName>
      <ncom:title>Chief Operating Officer and Chief Compliance Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>