| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AFFIRM HOLDINGS INC COMMON STOCK USD.00001 | 1,841,252 | 1,841,252 |
| ALEXANDRIA CONTAINERS + GOOD COMMON STOCK EGP5.0 | 204,841 | 204,841 |
| ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 | 2,017,788 | 2,017,788 |
| AMERICAN HOMES 4 RENT A REIT USD.01 | 1,825,297 | 1,825,297 |
| APARTMENT INCOME REIT CO REIT USD.01 | 680,751 | 680,751 |
| AUTODESK INC COMMON STOCK USD.01 | 3,588,828 | 3,588,828 |
| AVALONBAY COMMUNITIES INC REIT USD.01 | 2,173,537 | 2,173,537 |
| BETA GLASS PLC COMMON STOCK NGN.5 | 443,124 | 443,124 |
| BK GROUP PLC COMMON STOCK | 1,869,721 | 1,869,721 |
| BK GROUP PLC COMMON STOCK | 1,273,325 | 1,273,325 |
| BOSTON PROPERTIES INC REIT USD.01 | 573,021 | 573,021 |
| BRANDYWINE REALTY TRUST REIT USD.01 | 509,960 | 509,960 |
| BRIXMOR PROPERTY GROUP INC REIT USD.01 | 223,100 | 223,100 |
| CAMDEN PROPERTY TRUST REIT USD.01 | 1,467,856 | 1,467,856 |
| COMMERCIAL INTL BANK GDR REG GDR EGP10. | 2,403,496 | 2,403,496 |
| COMMERCIAL INTL BANK GDR REG GDR EGP10.0 | 771,395 | 771,395 |
| COPART INC COMMON STOCK | 10,312,586 | 10,312,586 |
| CRDB BANK PLC COMMON STOCK | 2,766,666 | 2,766,666 |
| CUBESMART REIT USD.01 | 1,415,067 | 1,415,067 |
| CYBERARK SOFTWARE LTD/ISRAEL COMMON STOCK ILS.01 | 1,304,452 | 1,304,452 |
| DELICE HOLDING COMMON STOCK | 1,059,180 | 1,059,180 |
| DESCARTES SYSTEMS GRP/THE COMMON STOCK | 5,148,566 | 5,148,566 |
| DEVELOPMENT FINANCE COMPANY COMMON STOCK | 1,507,234 | 1,507,234 |
| DIGITAL REALTY TRUST INC REIT USD.01 | 2,697,268 | 2,697,268 |
| DIGITALOCEAN HOLDINGS INC COMMON STOCK USD.000025 | 1,276,765 | 1,276,765 |
| DOUGLAS EMMETT INC REIT USD.01 | 1,018,065 | 1,018,065 |
| EASTERN CO SAE COMMON STOCK EGP1.0 | 1,066,899 | 1,066,899 |
| EGYPTIAN INTERNATIONAL PHARM COMMON STOCK EGP10. | 2,850,782 | 2,850,782 |
| EQT CORP COMMON STOCK | 13,570,531 | 13,570,531 |
| EQUINIX INC REIT USD.001 | 3,188,817 | 3,188,817 |
| EQUITY LIFESTYLE PROPERTIES REIT USD.01 | 580,309 | 580,309 |
| EQUITY RESIDENTIAL REIT USD.01 | 2,459,790 | 2,459,790 |
| FEDERAL REALTY INVS TRUST REIT USD.01 | 1,314,125 | 1,314,125 |
| FIRST INDUSTRIAL REALTY TR REIT USD.01 | 1,855,255 | 1,855,255 |
| GUARANTY TRUST HOLDING C GDR DEPOSITORY RECEIPT | 296,675 | 296,675 |
| GUARANTY TRUST HOLDING CO PL COMMON STOCK NGN.5 | 1,442,889 | 1,442,889 |
| HEALTHPEAK PROPERTIES INC REIT USD1.0 | 1,545,735 | 1,545,735 |
| HOST HOTELS + RESORTS INC REIT USD.01 | 814,635 | 814,635 |
| HUDSON PACIFIC PROPERTIES IN REIT USD.01 | 864,726 | 864,726 |
| INTEGRATED DIAGNOSTICS HOLDI COMMON STOCK USD.25 | 2,644,160 | 2,644,160 |
| INVITATION HOMES INC REIT USD.01 | 1,291,510 | 1,291,510 |
| JUHAYNA FOOD INDUSTRIES COMMON STOCK EGP1. | 2,721,920 | 2,721,920 |
| KINAXIS INC COMMON STOCK | 6,402,355 | 6,402,355 |
| KITE REALTY GROUP TRUST REIT USD.01 | 1,195,308 | 1,195,308 |
| LIFE STORAGE INC REIT USD.01 | 424,615 | 424,615 |
| LXP INDUSTRIAL TRUST REIT USD.0001 | 650,183 | 650,183 |
| MACERICH CO/THE REIT USD.01 | 866,333 | 866,333 |
| MASONITE INTERNATIONAL CORP COMMON STOCK | 13,730,206 | 13,730,206 |
| MCB GROUP LTD COMMON STOCK NPV | 1,628,845 | 1,628,845 |
| MORNINGSTAR INC COMMON STOCK | 5,800,834 | 5,800,834 |
| MTN RWANDACELL PLC COMMON STOCK | 2,307,526 | 2,307,526 |
| NAIROBI SECURITIES EXCHANGE COMMON STOCK KES4.0 | 512,417 | 512,417 |
| NICE LTD SPON ADR ADR | 7,118,813 | 7,118,813 |
| OKOMU OIL PALM PLC COMMON STOCK NGN.5 | 2,157,898 | 2,157,898 |
| ORASCOM CONSTRUCTION PLC COMMON STOCK USD1.0 | 3,715,673 | 3,715,673 |
| PALMCI COMMON STOCK XOF1320.0 | 2,924,501 | 2,924,501 |
| PEGASYSTEMS INC COMMON STOCK USD.01 | 12,369,752 | 12,369,752 |
| PRIMO WATER CORP COMMON STOCK | 8,596,441 | 8,596,441 |
| PROLOGIS INC REIT USD.01 | 4,346,045 | 4,346,045 |
| PTC INC COMMON STOCK USD.01 | 14,400,252 | 14,400,252 |
| PUBLIC STORAGE REIT USD.1 | 3,296,128 | 3,296,128 |
| RESIDEO TECHNOLOGIES INC COMMON STOCK USD.001 | 13,330,978 | 13,330,978 |
| ROBLOX CORP CLASS A COMMON STOCK USD.0001 | 3,595,023 | 3,595,023 |
| ROTORK PLC COMMON STOCK GBP.005 | 5,982,992 | 5,982,992 |
| SCANCOM PLC COMMON STOCK | 5,540,934 | 5,540,934 |
| SERVICENOW INC COMMON STOCK USD.001 | 15,118,421 | 15,118,421 |
| SIMON PROPERTY GROUP INC REIT USD.0001 | 1,347,660 | 1,347,660 |
| SL GREEN REALTY CORP REIT USD.01 | 428,049 | 428,049 |
| SOC DE LIMONADERIES ET BRASS COMMON STOCK XOF5000. | 1,292,109 | 1,292,109 |
| SOC GEN BANQ EN COTE IVOIRE COMMON STOCK XOF500.0 | 417,891 | 417,891 |
| SONATEL COMMON STOCK XOF500. | 3,195,860 | 3,195,860 |
| STANBIC BANK UGANDA LTD COMMON STOCK | 968,244 | 968,244 |
| STANDARD CHARTERED BK GHANA COMMON STOCK | 2,040,286 | 2,040,286 |
| TANZANIA BREWERIES LTD COMMON STOCK | 2,696,807 | 2,696,807 |
| TELECOM EGYPT COMMON STOCK EGP10. | 3,080,102 | 3,080,102 |
| TRICON RESIDENTIAL INC COMMON STOCK | 262,816 | 262,816 |
| TYLER TECHNOLOGIES INC COMMON STOCK USD.01 | 8,590,524 | 8,590,524 |
| UDR INC REIT USD.01 | 778,070 | 778,070 |
| UMEME LTD COMMON STOCK | 1,670,207 | 1,670,207 |
| UMEME LTD COMMON STOCK | 119,138 | 119,138 |
| VENTAS INC REIT USD.25 | 773,446 | 773,446 |
| VERIS RESIDENTIAL INC REIT USD.01 | 200,893 | 200,893 |
| VICI PROPERTIES INC REIT USD.01 | 235,912 | 235,912 |
| WELLTOWER INC REIT USD1.0 | 911,735 | 911,735 |
| WORKIVA INC COMMON STOCK USD.001 | 11,157,678 | 11,157,678 |
| XENIA HOTELS + RESORTS INC REIT USD.01 | 683,562 | 683,562 |
| ZAMBIAN BREWERIES COMMON STOCK ZMW.001 | 905,010 | 905,010 |
| CUNA 475B | 234,330 | 234,330 |