Manager Directed Portfolios. Holdings as of Jun 30, 2026, from Form N-PORT.
Share of net assets at the report date, for the whole fund across all share classes.
| Holding | Weight | Value | Shares or units |
|---|---|---|---|
| Equinix IncEQIX | 5.67% | $29.67M | 28,463 |
| Simon Property Group IncSPG | 5.41% | $28.35M | 126,764 |
| Welltower IncWELL | 5.18% | $27.13M | 119,532 |
| Prologis IncPLD | 4.63% | $24.25M | 179,025 |
| Digital Realty Trust IncDLR | 4.55% | $23.84M | 132,730 |
| American Tower CorpAMT | 4.24% | $22.18M | 135,609 |
| Ventas IncVTR | 4.20% | $21.97M | 247,437 |
| Mount Vernon Liquid Assets Portfolio, LLCCash or money market | 3.83% | $20.06M | 20,062,842 |
| Iron Mountain IncIRM | 3.63% | $19.01M | 150,507 |
| Extra Space Storage IncEXR | 2.97% | $15.53M | 106,857 |
| Goodman Group | 4.23% | $15.33M | 1,026,331 |
| AvalonBay Communities IncAVBC | 2.53% | $13.27M | 70,343 |
| Equity ResidentialVMRK | 2.27% | $11.90M | 175,168 |
| Segro PLC | 1.45% | $10.06M | 652,468 |
| Essex Property Trust IncESS | 1.77% | $9.29M | 31,848 |
| Kimco Realty CorpKIM | 1.64% | $8.61M | 339,590 |
| Host Hotels & Resorts IncHST | 1.57% | $8.22M | 346,634 |
| Unibail-Rodamco-Westfield | 1.35% | $8.09M | 60,388 |
| Mid-America Apartment CommunitMAA | 1.51% | $7.90M | 56,841 |
| Healthpeak Properties IncDOC | 1.41% | $7.40M | 345,863 |
| Regency Centers CorpREG | 1.30% | $6.83M | 85,640 |
| UDR IncUDR | 1.19% | $6.24M | 156,281 |
| Equity LifeStyle Properties InELS | 1.12% | $5.88M | 91,218 |
| Camden Property TrustCPT | 1.08% | $5.64M | 49,297 |
| Klepierre SA | 0.89% | $5.30M | 110,865 |
| BXP IncBXP | 0.95% | $5.00M | 75,334 |
| Scentre Group | 1.37% | $4.98M | 2,687,558 |
| Federal Realty Investment TrusFRT | 0.94% | $4.90M | 39,712 |
| CapitaLand Integrated Commerci | 1.14% | $4.62M | 3,259,556 |
| Brixmor Property Group IncBRX | 0.88% | $4.61M | 146,268 |
| Merlin Properties Socimi SA | 0.72% | $4.31M | 214,788 |
| Land Securities Group PLC | 0.61% | $4.21M | 366,996 |
| Alexandria Real Estate EquitieARE | 0.79% | $4.12M | 78,020 |
| Aedifica SA | 0.65% | $3.90M | 42,223 |
| Rexford Industrial Realty IncREXR | 0.72% | $3.77M | 112,617 |
| British Land Co PLC/The | 0.54% | $3.72M | 510,897 |
| STAG Industrial IncSTAG | 0.69% | $3.61M | 94,826 |
| Tritax Big Box REIT PLC | 0.51% | $3.56M | 1,252,519 |
| Macerich Co/TheMAC | 0.64% | $3.34M | 132,685 |
| Vornado Realty TrustVNO | 0.62% | $3.23M | 82,234 |
| CapitaLand Ascendas REIT | 0.77% | $3.12M | 2,094,295 |
| Warehouses De Pauw CVA | 0.48% | $2.87M | 99,694 |
| Kite Realty Group TrustKRG | 0.54% | $2.82M | 99,413 |
| Phillips Edison & Co IncPECO | 0.49% | $2.59M | 62,218 |
| Vicinity Ltd | 0.68% | $2.46M | 1,982,890 |
| Stockland | 0.67% | $2.42M | 1,237,504 |
| Cousins Properties IncCUZ | 0.46% | $2.41M | 80,483 |
| GPT Group/The | 0.64% | $2.32M | 991,034 |
| Americold Realty Trust IncCOLD | 0.43% | $2.23M | 142,145 |
| Gecina SA | 0.37% | $2.22M | 23,074 |
Holdings from the fund's latest Form N-PORT; expense ratio (net of fee waivers) from the risk/return summary of its prospectus; fund type from Form N-CEN. Prices are end-of-day closes adjusted for splits; total return also reinvests distributions.