| Stock | 99.01% |
| Cash | 0.01% |
| Other* | 0.98% |
*May include dividends booked but not yet received.
Holdings Detail as of 5/15/2012 (Holdings subject to change)
| Symbol | Name |
% Net Assets |
Market Value ($) |
ISIN | Market | Sector |
Exchange Rate |
|---|---|---|---|---|---|---|---|
| UL | UNIBAIL-RODAMCO SE | 13.25 | $1,580,712 | FR0000124711 | XPAR | Retail Reits | 0.78 |
| LAND | LAND SECURITIES GROUP PLC | 7.87 | $938,888 | GB0031809436 | XLON | Industrial & Office Reits | 0.62 |
| BLND | BRITISH LAND CO PLC | 6.05 | $722,185 | GB0001367019 | XLON | Retail Reits | 0.62 |
| HMSO | HAMMERSON PLC | 4.11 | $490,390 | GB0004065016 | XLON | Retail Reits | 0.62 |
| SPSN | SWISS PRIME SITE-REG | 3.59 | $428,244 | CH0008038389 | XSWX | Real Estate Holding & Development | 0.94 |
| PSPN | PSP SWISS PROPERTY AG-REG | 3.45 | $412,167 | CH0018294154 | XSWX | Real Estate Holding & Development | 0.94 |
| CORA | CORIO NV | 3.29 | $392,943 | NL0000288967 | XAMS | Retail Reits | 0.78 |
| CSCG | CAPITAL SHOPPING CENTRES GRO | 2.75 | $328,120 | GB0006834344 | XLON | Retail Reits | 0.62 |
| DLN | DERWENT LONDON PLC | 2.48 | $296,370 | GB0002652740 | XLON | Industrial & Office Reits | 0.62 |
| LI | KLEPIERRE | 2.47 | $295,258 | FR0000121964 | XPAR | Retail Reits | 0.78 |
| SGRO | SEGRO PLC | 2.22 | $265,272 | GB00B5ZN1N88 | XLON | Industrial & Office Reits | 0.62 |
| CAPC | CAPITAL & COUNTIES PROPERTIE | 1.82 | $216,616 | GB00B62G9D36 | XLON | Real Estate Holding & Development | 0.62 |
| SHB | SHAFTESBURY PLC | 1.80 | $214,230 | GB0007990962 | XLON | Retail Reits | 0.62 |
| CAST | CASTELLUM AB | 1.77 | $211,070 | SE0000379190 | XSTO | Real Estate Holding & Development | 7.12 |
| DEQ | DEUTSCHE EUROSHOP AG | 1.61 | $192,021 | DE0007480204 | XETR | Real Estate Holding & Development | 0.78 |
| GPOR | GREAT PORTLAND ESTATES PLC | 1.59 | $190,198 | GB00B01FLL16 | XLON | Industrial & Office Reits | 0.62 |
| FDR | FONCIERE DES REGIONS | 1.55 | $184,938 | FR0000064578 | XPAR | Industrial & Office Reits | 0.78 |
| GIB | GSW IMMOBILIEN AG | 1.44 | $171,755 | DE000GSW1111 | XETR | Real Estate Holding & Development | 0.78 |
| ICAD | ICADE | 1.42 | $169,053 | FR0000035081 | XPAR | Industrial & Office Reits | 0.78 |
| COFB | COFINIMMO | 1.41 | $168,067 | BE0003593044 | XBRU | Industrial & Office Reits | 0.78 |
| DWNI | DEUTSCHE WOHNEN AG-BR | 1.35 | $161,421 | DE000A0HN5C6 | XETR | Real Estate Holding & Development | 0.78 |
| HUFVA | HUFVUDSTADEN AB-A SHS | 1.35 | $161,356 | SE0000170375 | XSTO | Real Estate Holding & Development | 7.12 |
| GFC | GECINA SA | 1.33 | $158,938 | FR0010040865 | XPAR | Industrial & Office Reits | 0.78 |
| MOBN | MOBIMO HOLDING AG-REG | 1.22 | $145,354 | CH0011108872 | XSWX | Real Estate Holding & Development | 0.94 |
| WHA | WERELDHAVE NV | 1.18 | $140,972 | NL0000289213 | XAMS | Industrial & Office Reits | 0.78 |
| ECMPA | EUROCOMMERCIAL PROPERTIE-CV | 1.16 | $138,279 | NL0000288876 | XAMS | Retail Reits | 0.78 |
| FABG | FABEGE AB | 1.14 | $135,832 | SE0000950636 | XSTO | Real Estate Holding & Development | 7.12 |
| SIL | SILIC | 1.07 | $128,048 | FR0000050916 | XPAR | Industrial & Office Reits | 0.78 |
| ALLN | ALLREAL HOLDING AG-REG | 0.99 | $117,984 | CH0008837566 | XSWX | Real Estate Holding & Development | 0.94 |
| WALLB | WALLENSTAM AB-B SHS | 0.95 | $113,343 | SE0000115008 | XSTO | Real Estate Services | 7.12 |
| SDA1V | SPONDA OYJ | 0.92 | $110,092 | FI0009006829 | XHEL | Real Estate Holding & Development | 0.78 |
| WIHL | WIHLBORGS FASTIGHETER AB | 0.88 | $104,578 | SE0001413600 | XSTO | Real Estate Holding & Development | 7.12 |
| BEFB | BEFIMMO S.C.A. | 0.84 | $100,581 | BE0003678894 | XBRU | Industrial & Office Reits | 0.78 |
| TEG | TAG IMMOBILIEN AG | 0.81 | $97,102 | DE0008303504 | XETR | Real Estate Holding & Development | 0.78 |
| LSP | LONDON & STAMFORD PROPERTY P | 0.81 | $96,108 | GB00B4WFW713 | XLON | Diversified Reits | 0.62 |
| CWI | CONWERT IMMOBILIEN INVEST SE | 0.80 | $94,932 | AT0000697750 | WBAH | Real Estate Holding & Development | 0.78 |
| MERY | MERCIALYS | 0.75 | $88,963 | FR0010241638 | XPAR | Retail Reits | 0.78 |
| FCPT | F&C COMMERCIAL PROPERTY TRUS | 0.74 | $87,772 | GG00B4ZPCJ00 | XLON | Real Estate Holding & Development | 0.62 |
| CAI | CA IMMOBILIEN ANLAGEN AG | 0.73 | $87,297 | AT0000641352 | WBAH | Real Estate Holding & Development | 0.78 |
| GFJ | GAGFAH SA | 0.69 | $82,806 | LU0269583422 | XETR | Real Estate Services | 0.78 |
| AOX | ALSTRIA OFFICE REIT-AG | 0.68 | $81,302 | DE000A0LD2U1 | XETR | Industrial & Office Reits | 0.78 |
| KLED | KUNGSLEDEN AB | 0.66 | $78,521 | SE0000549412 | XSTO | Real Estate Holding & Development | 7.12 |
| VASTN | VASTNED RETAIL NV | 0.65 | $77,633 | NL0000288918 | XAMS | Retail Reits | 0.78 |
| HSTN | HANSTEEN HOLDINGS PLC | 0.63 | $74,639 | GB00B0PPFY88 | XLON | Industrial & Office Reits | 0.62 |
| NPRO | NORWEGIAN PROPERTY ASA | 0.58 | $69,757 | NO0010317811 | XOSL | Real Estate Holding & Development | 5.98 |
| CTY1S | CITYCON OYJ | 0.53 | $63,601 | FI0009002471 | XHEL | Real Estate Holding & Development | 0.78 |
| BYG | BIG YELLOW GROUP PLC | 0.52 | $62,133 | GB0002869419 | XLON | Specialty Reits | 0.62 |
| UKCM | UK COMMERCIAL PROPERTY TRUST | 0.49 | $58,102 | GB00B19Z2J52 | XLON | Real Estate Holding & Development | 0.62 |
| NISTI | NIEUWE STEEN INVESTMENTS NV | 0.48 | $57,361 | NL0000292324 | XAMS | Diversified Reits | 0.78 |
| WDP | WAREHOUSES DE PAUW SCA | 0.44 | $53,015 | BE0003763779 | XBRU | Industrial & Office Reits | 0.78 |
| BALDB | FASTIGHETS AB BALDER-B SHRS | 0.44 | $52,660 | SE0000455057 | XSTO | Real Estate Holding & Development | 7.12 |
| WKP | WORKSPACE GROUP PLC | 0.42 | $50,621 | GB00B67G5X01 | XLON | Industrial & Office Reits | 0.62 |
| UTG | UNITE GROUP PLC | 0.41 | $48,864 | GB0006928617 | XLON | Real Estate Holding & Development | 0.62 |
| GRI | GRAINGER PLC | 0.41 | $48,462 | GB00B04V1276 | XLON | Real Estate Holding & Development | 0.62 |
| ANF | ANF IMMOBILIER | 0.39 | $47,024 | FR0000063091 | XPAR | Diversified Reits | 0.78 |
| BNS | BENI STABILI SPA | 0.36 | $43,328 | IT0001389631 | MTAA | Real Estate Holding & Development | 0.78 |
| KLOV | KLOVERN AB | 0.34 | $40,481 | SE0000331225 | XSTO | Real Estate Holding & Development | 7.12 |
| SMP | ST. MODWEN PROPERTIES PLC | 0.32 | $37,923 | GB0007291015 | XLON | Real Estate Holding & Development | 0.62 |
| PHP | PRIMARY HEALTH PROPERTIES | 0.30 | $35,843 | GB0007015521 | XLON | Specialty Reits | 0.62 |
| HLCL | HELICAL BAR PLC | 0.29 | $34,527 | GB00B0FYMT95 | XLON | Real Estate Holding & Development | 0.62 |
| HAB | HAMBORNER REIT AG | 0.29 | $34,527 | DE0006013006 | XETR | Diversified Reits | 0.78 |
| SAFE | SAFESTORE HOLDINGS LTD | 0.28 | $33,279 | GB00B1N7Z094 | XLON | Real Estate Holding & Development | 0.62 |
| IVG | IVG IMMOBILIEN AG | 0.26 | $31,263 | DE0006205701 | XETR | Real Estate Holding & Development | 0.78 |
| TPS1V | TECHNOPOLIS OYJ | 0.26 | $30,800 | FI0009006886 | XHEL | Real Estate Holding & Development | 0.78 |
| QED | QUINTAIN ESTATES & DEV PLC | 0.24 | $28,761 | GB0007184442 | XLON | Real Estate Holding & Development | 0.62 |
| DSC | DEVELOPMENT SECURITIES PLC | 0.24 | $28,383 | GB0002668464 | XLON | Real Estate Holding & Development | 0.62 |
| DAZ | DIC ASSET AG | 0.23 | $27,383 | DE0005098404 | XETR | Real Estate Holding & Development | 0.78 |
| EIFF | STE DE LA TOUR EIFFEL | 0.22 | $26,344 | FR0000036816 | XPAR | Industrial & Office Reits | 0.78 |
| DJAN | DAEJAN HOLDINGS PLC | 0.20 | $24,040 | GB0002502036 | XLON | Real Estate Holding & Development | 0.62 |
| WEHB | WERELDHAVE BELGIUM | 0.20 | $23,662 | BE0003724383 | XBRU | Retail Reits | 0.78 |
| PCTN | PICTON PROPERTY INCOME LTD | 0.19 | $22,294 | GB00B0LCW208 | XLON | Real Estate Holding & Development | 0.62 |
| SREI | SCHRODER REAL ESTATE INVESTM | 0.17 | $20,778 | GB00B01HM147 | XLON | Real Estate Holding & Development | 0.62 |
| P1Z | PATRIZIA IMMOBILIEN AG | 0.14 | $17,154 | DE000PAT1AG3 | XETR | Real Estate Holding & Development | 0.78 |
| PMO | PRIME OFFICE REIT-AG | 0.14 | $17,099 | DE000PRME012 | XETR | Industrial & Office Reits | 0.78 |
| INTO | INTERVEST OFFICES&WAREHOUSES | 0.13 | $15,625 | BE0003746600 | XBRU | Industrial & Office Reits | 0.78 |
| MKLW | MUCKLOW ( A & J ) GROUP PLC | 0.12 | $14,753 | GB0006091408 | XLON | Industrial & Office Reits | 0.62 |
| LEAS | LEASINVEST REAL ESTATE SCA | 0.12 | $14,418 | BE0003770840 | XBRU | Industrial & Office Reits | 0.78 |
| SLI | STANDARD LIFE INV PROP INC | 0.12 | $14,182 | GB0033875286 | XLON | Real Estate Holding & Development | 0.62 |
| IRP | IRP Property Investments | 0.11 | $12,738 | GB00B012T521 | XLON | Real Estate Holding & Development | 0.62 |
| IGD | IMMOBILIARE GRANDE DISTRIBUZ | 0.11 | $12,684 | IT0003745889 | MTAA | Real Estate Holding & Development | 0.78 |
| KBU | COLONIA REAL ESTATE AG | 0.07 | $8,945 | DE0006338007 | XETR | Residential Reits | 0.78 |
| EUPRO | EUROBANK PROPERTIES REAL EST | 0.07 | $8,391 | GRS491003000 | XATH | Specialty Reits | 0.78 |
| IML | AFFINE | 0.05 | $5,927 | FR0000036105 | XPAR | Industrial & Office Reits | 0.78 |
| COL | INMOBILIARIA COLONIAL SA | 0.04 | $5,024 | ES0139140042 | XMCE | Real Estate Holding & Development | 0.78 |
| -- | BLACKROCK FDS III | 0.01 | $1,533 | -- | S-T Securities | 1.00 | |
| -- | VASTNED OFFICES/INDUSTRIAL WTS | 0.00 | $0 | NL0009842509 | XAMS | Diversified Reits | 0.78 |
