Each N-PORT filing of FREL compared with the one before: positions added and dropped, the largest weight changes, turnover. Computed by Mulden from the filings; dated by filing period and SEC receipt.https://themulden.com/enhttps://themulden.com/funds/frel/https://themulden.com/funds/frel/132 positions became 129: 0 added (0% of the fund), 3 dropped (0.38%). Turnover proxy 4.5%. Largest increases: Welltower Inc 7.86% to 8.6%; Digital Realty Trust Inc 3.75% to 4.32%; Iron Mountain Inc 1.87% to 2.42%; Ventas Inc 2.22% to 2.59%; Equinix Inc 4.52% to 4.73%; SBA Communications Corp 1.37% to 1.57%. Largest decreases: CoStar Group Inc 1.78% to 0.95%; CBRE Group Inc 3.47% to 2.75%; American Tower Corp 5.67% to 5.29%; Zillow Group Inc 0.69% to 0.47%; Jones Lang LaSalle Inc 1.18% to 1%; Alexandria Real Estate Equities Inc 0.6% to 0.42%. Gone: PotlatchDeltic Corp (0.23%), Alexander & Baldwin Inc (0.11%), Summit Hotel Properties Inc (0.04%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 23 Jun 2026 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/141 positions became 132: 4 added (0.37% of the fund), 13 dropped (0.9%). Turnover proxy 3.5%. Largest increases: Welltower Inc 7.39% to 7.86%; CBRE Group Inc 3.15% to 3.47%; Simon Property Group Inc 3.97% to 4.25%; Prologis Inc 7.91% to 8.19%; Compass Inc 0.25% to 0.43%; Jones Lang LaSalle Inc 1.03% to 1.18%. Largest decreases: Equinix Inc 4.9% to 4.52%; Iron Mountain Inc 2.12% to 1.87%; CoStar Group Inc 2.02% to 1.78%; VICI Properties Inc 2.2% to 2.03%; Digital Realty Trust Inc 3.91% to 3.75%; Crown Castle Inc 2.73% to 2.58%. New: LXP Industrial Trust (0.21%), Cushman & Wakefield Ltd (0.14%), Hudson Pacific Properties Inc (0.02%), Chicago Board of Trade (0.01%). Gone: LXP Industrial Trust (0.2%), Cushman & Wakefield PLC (0.18%), Elme Communities (0.11%), Paramount Group Inc (0.09%), Plymouth Industrial REIT Inc (0.07%), Universal Health Realty Income Trust (0.04%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 24 Mar 2026 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/139 positions became 141: 4 added (0.11% of the fund), 2 dropped (0.13%). Turnover proxy 4.9%. Largest increases: Prologis Inc 6.89% to 7.91%; Equinix Inc 4.05% to 4.9%; Welltower Inc 6.73% to 7.39%; Opendoor Technologies Inc 0.08% to 0.35%; Simon Property Group Inc 3.76% to 3.97%; Ventas Inc 1.96% to 2.15%. Largest decreases: American Tower Corp 6.79% to 5.76%; CoStar Group Inc 2.82% to 2.02%; Crown Castle Inc 3.22% to 2.73%; SBA Communications Corp 1.71% to 1.45%; Alexandria Real Estate Equities Inc 0.85% to 0.65%; VICI Properties Inc 2.4% to 2.2%. New: Global Medical REIT Inc (0.03%), Lineage Inc (0.03%), Hudson Pacific Properties Inc (0.03%), Smartstop Self Storage REIT Inc (0.02%). Gone: Uniti Group Inc (0.1%), Global Medical REIT Inc (0.04%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 22 Dec 2025 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/142 positions became 139: 0 added (0% of the fund), 3 dropped (0.13%). Turnover proxy 5.5%. Largest increases: Welltower Inc 4.72% to 6.73%; CBRE Group Inc 2.66% to 3.34%; CoStar Group Inc 2.22% to 2.82%; Digital Realty Trust Inc 3.72% to 4.06%; Prologis Inc 6.73% to 6.89%; State Street Global Advisors 0.1% to 0.26%. Largest decreases: Equinix Inc 5.81% to 4.05%; American Tower Corp 7.49% to 6.79%; Public Storage 3.38% to 3.03%; AvalonBay Communities Inc 2.12% to 1.87%; Extra Space Storage Inc 2.21% to 2%; Equity Residential 1.7% to 1.52%. Gone: Redfin Corp (0.09%), Hudson Pacific Properties Inc (0.03%), Chicago Board of Trade (0%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 24 Sep 2025 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/148 positions became 142: 3 added (0.38% of the fund), 9 dropped (0.45%). Turnover proxy 5.2%. Largest increases: American Tower Corp 5.99% to 7.49%; Crown Castle Inc 2.69% to 3.27%; SBA Communications Corp 1.48% to 1.87%; Ventas Inc 1.72% to 2.06%; Realty Income Corp 3.28% to 3.56%; VICI Properties Inc 2.15% to 2.38%. Largest decreases: Prologis Inc 7.65% to 6.73%; CBRE Group Inc 3.07% to 2.66%; Simon Property Group Inc 3.93% to 3.65%; Alexandria Real Estate Equities Inc 1.06% to 0.82%; Weyerhaeuser Co 1.55% to 1.34%; Equinix Inc 6.02% to 5.81%. New: Millrose Properties Inc (0.22%), Sila Realty Trust Inc (0.11%), Easterly Government Properties Inc (0.06%). Gone: Retail Opportunity Investments Corp (0.16%), Easterly Government Properties Inc (0.08%), Service Properties Trust (0.04%), Chatham Lodging Trust (0.03%), Peakstone Realty Trust (0.03%), Anywhere Real Estate Inc (0.03%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 25 Jun 2025 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/147 positions became 148: 3 added (0.24% of the fund), 2 dropped (0.3%). Turnover proxy 3.7%. Largest increases: Prologis Inc 6.97% to 7.65%; CBRE Group Inc 2.68% to 3.07%; Equinix Inc 5.74% to 6.02%; Zillow Group Inc 0.64% to 0.9%; Simon Property Group Inc 3.68% to 3.93%; CoStar Group Inc 1.99% to 2.17%. Largest decreases: American Tower Corp 6.65% to 5.99%; Crown Castle Inc 3.11% to 2.69%; Iron Mountain Inc 2.43% to 2.06%; Welltower Inc 5.09% to 4.75%; Public Storage 3.47% to 3.28%; SBA Communications Corp 1.65% to 1.48%. New: Outfront Media Inc (0.18%), Landbridge Co LLC (0.06%), Chicago Board of Trade (0%). Gone: Outfront Media Inc (0.16%), Equity Commonwealth (0.14%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 20 Mar 2025 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/149 positions became 147: 2 added (0.2% of the fund), 4 dropped (0.4%). Turnover proxy 4.5%. Largest increases: Welltower Inc 4.4% to 5.09%; Equinix Inc 5.21% to 5.74%; Digital Realty Trust Inc 3.25% to 3.76%; Iron Mountain Inc 2.1% to 2.43%; CBRE Group Inc 2.39% to 2.68%; Ventas Inc 1.53% to 1.76%. Largest decreases: Prologis Inc 8.11% to 6.97%; American Tower Corp 7.15% to 6.65%; CoStar Group Inc 2.22% to 1.99%; Invitation Homes Inc 1.5% to 1.28%; Crown Castle Inc 3.32% to 3.11%; Rexford Industrial Realty Inc 0.77% to 0.63%. New: Curbline Properties Corp (0.15%), SITE Centers Corp (0.05%). Gone: SITE Centers Corp (0.21%), DigitalBridge Group Inc (0.16%), Seritage Growth Properties (0.01%), Chicago Board of Trade (0.01%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 26 Dec 2024 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/148 positions became 149: 2 added (0.09% of the fund), 1 dropped (0.45%). Turnover proxy 3.9%. Largest increases: American Tower Corp 6.34% to 7.15%; Prologis Inc 7.48% to 8.11%; Iron Mountain Inc 1.79% to 2.1%; CBRE Group Inc 2.1% to 2.39%; Welltower Inc 4.18% to 4.4%; Jones Lang LaSalle Inc 0.68% to 0.83%. Largest decreases: CoStar Group Inc 2.97% to 2.22%; Alexandria Real Estate Equities Inc 1.52% to 1.28%; Host Hotels & Resorts Inc 1.06% to 0.86%; Equity Residential 1.84% to 1.65%; Invitation Homes Inc 1.66% to 1.5%; Simon Property Group Inc 3.64% to 3.48%. New: American Healthcare REIT Inc (0.08%), Chicago Board of Trade (0.01%). Gone: Apartment Income REIT Corp (0.45%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 25 Sep 2024 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/149 positions became 148: 0 added (0% of the fund), 1 dropped (0.22%). Turnover proxy 4.6%. Largest increases: Welltower Inc 3.39% to 4.18%; CoStar Group Inc 2.58% to 2.97%; Iron Mountain Inc 1.49% to 1.79%; Healthpeak Properties Inc 0.77% to 1.04%; AvalonBay Communities Inc 1.92% to 2.13%; Simon Property Group Inc 3.42% to 3.64%. Largest decreases: Prologis Inc 8.84% to 7.48%; Equinix Inc 5.86% to 5.3%; American Tower Corp 6.88% to 6.34%; Crown Castle Inc 3.54% to 3.23%; SBA Communications Corp 1.83% to 1.59%; Zillow Group Inc 0.66% to 0.52%. Gone: Physicians Realty Trust (0.22%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 26 Jun 2024 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/154 positions became 149: 0 added (0% of the fund), 5 dropped (0.59%). Turnover proxy 3.9%. Largest increases: Prologis Inc 8.15% to 8.84%; Realty Income Corp 2.8% to 3.42%; Extra Space Storage Inc 1.92% to 2.31%; Simon Property Group Inc 3.15% to 3.42%; Zillow Group Inc 0.49% to 0.66%; Alexandria Real Estate Equities Inc 1.34% to 1.5%. Largest decreases: American Tower Corp 7.27% to 6.88%; Welltower Inc 3.64% to 3.39%; VICI Properties Inc 2.46% to 2.31%; SBA Communications Corp 1.98% to 1.83%; AvalonBay Communities Inc 2.06% to 1.92%; Omega Healthcare Investors Inc 0.68% to 0.54%. Gone: Spirit Realty Capital Inc (0.44%), RPT Realty (0.09%), Orion Office REIT Inc (0.03%), Office Properties Income Trust (0.02%), RE/MAX Holdings Inc (0.02%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 26 Mar 2024 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/155 positions became 154: 3 added (0.27% of the fund), 4 dropped (0.35%). Turnover proxy 4.2%. Largest increases: American Tower Corp 6.67% to 7.27%; Welltower Inc 3.06% to 3.64%; Digital Realty Trust Inc 2.73% to 3.17%; Equinix Inc 5.69% to 5.98%; SBA Communications Corp 1.78% to 1.98%; Iron Mountain Inc 1.35% to 1.51%. Largest decreases: Prologis Inc 8.66% to 8.15%; Extra Space Storage Inc 2.22% to 1.92%; Realty Income Corp 3.03% to 2.8%; Alexandria Real Estate Equities Inc 1.55% to 1.34%; Medical Properties Trust Inc 0.45% to 0.25%; Healthpeak Properties Inc 0.9% to 0.75%. New: Howard Hughes Holdings Inc (0.2%), Peakstone Realty Trust (0.04%), Diversified Healthcare Trust (0.03%). Gone: Howard Hughes Corp/The (0.22%), Necessity Retail REIT Inc/The (0.07%), Urstadt Biddle Properties Inc (0.05%), Chicago Mercantile Exchange (0%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 27 Dec 2023 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/159 positions became 155: 2 added (2.57% of the fund), 6 dropped (0.99%). Turnover proxy 6.1%. Largest increases: Extra Space Storage Inc 1.64% to 2.22%; Digital Realty Trust Inc 2.28% to 2.73%; Equinix Inc 5.3% to 5.69%; Welltower Inc 2.91% to 3.06%; Opendoor Technologies Inc 0.05% to 0.2%; Boston Properties Inc 0.64% to 0.75%. Largest decreases: American Tower Corp 7.6% to 6.67%; Crown Castle Inc 4.19% to 3.53%; Prologis Inc 9.3% to 8.66%; SBA Communications Corp 2.26% to 1.78%; Public Storage 3.74% to 3.35%; VICI Properties Inc 2.64% to 2.38%. New: CoStar Group Inc (2.57%), Chicago Mercantile Exchange (0%). Gone: Life Storage Inc (0.91%), Indus Realty Trust Inc (0.02%), City Office REIT Inc (0.02%), Douglas Elliman Inc (0.02%), WeWork Inc (0.01%), Chicago Board of Trade (0%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 26 Sep 2023 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/162 positions became 159: 1 added (0.08% of the fund), 4 dropped (0.75%). Turnover proxy 4%. Largest increases: Prologis Inc 8.71% to 9.3%; Welltower Inc 2.5% to 2.91%; Equinix Inc 4.9% to 5.3%; Life Storage Inc 0.67% to 0.91%; AvalonBay Communities Inc 1.8% to 2.02%; Public Storage 3.52% to 3.74%. Largest decreases: Crown Castle Inc 4.56% to 4.19%; Alexandria Real Estate Equities Inc 1.83% to 1.56%; Boston Properties Inc 0.81% to 0.64%; Medical Properties Trust Inc 0.57% to 0.43%; Healthpeak Properties Inc 1.08% to 0.96%; Digital Realty Trust Inc 2.39% to 2.28%. New: Safehold Inc (0.08%). Gone: STORE Capital Corp (0.59%), Safehold Inc (0.07%), iStar Inc (0.06%), Industrial Logistics Properties Trust (0.02%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 22 Jun 2023 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/167 positions became 162: 0 added (0% of the fund), 5 dropped (0.08%). Turnover proxy 3.1%. Largest increases: Equinix Inc 4.16% to 4.9%; Prologis Inc 8.24% to 8.71%; Welltower Inc 2.23% to 2.5%; Ventas Inc 1.26% to 1.51%; Simon Property Group Inc 2.9% to 3.08%; CBRE Group Inc 1.87% to 2.03%. Largest decreases: Public Storage 3.95% to 3.52%; Extra Space Storage Inc 1.92% to 1.55%; AvalonBay Communities Inc 1.96% to 1.8%; Equity Residential 1.81% to 1.66%; Invitation Homes Inc 1.56% to 1.45%; Host Hotels & Resorts Inc 1.09% to 0.98%. Gone: Diversified Healthcare Trust (0.03%), Franklin Street Properties Corp (0.03%), Five Point Holdings LLC (0.01%), Doma Holdings Inc (0.01%), Offerpad Solutions Inc (0%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 27 Mar 2023 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/171 positions became 167: 1 added (0.16% of the fund), 5 dropped (2.53%). Turnover proxy 6.3%. Largest increases: Prologis Inc 6.63% to 8.24%; Simon Property Group Inc 2.42% to 2.9%; Public Storage 3.48% to 3.95%; VICI Properties Inc 2.22% to 2.5%; Host Hotels & Resorts Inc 0.86% to 1.09%; Iron Mountain Inc 0.95% to 1.17%. Largest decreases: American Tower Corp 8.35% to 7.62%; Crown Castle Inc 5.27% to 4.65%; Welltower Inc 2.61% to 2.23%; Digital Realty Trust Inc 2.56% to 2.31%; Ventas Inc 1.45% to 1.26%; Equinix Inc 4.33% to 4.16%. New: DigitalBridge Group Inc (0.16%). Gone: Duke Realty Corp (1.61%), American Campus Communities Inc (0.62%), DigitalBridge Group Inc (0.21%), Bluerock Residential Growth REIT Inc (0.05%), CatchMark Timber Trust Inc (0.03%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 28 Dec 2022 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/164 positions became 171: 11 added (1.12% of the fund), 4 dropped (1.1%). Turnover proxy 5.8%. Largest increases: American Tower Corp 7.15% to 8.35%; VICI Properties Inc 1.64% to 2.22%; Realty Income Corp 2.57% to 2.96%; Duke Realty Corp 1.35% to 1.61%; Phillips Edison & Co Inc 0.05% to 0.26%; Gaming and Leisure Properties Inc 0.65% to 0.82%. Largest decreases: Prologis Inc 7.72% to 6.63%; Public Storage 3.82% to 3.48%; Boston Properties Inc 1.13% to 0.92%; Weyerhaeuser Co 2.01% to 1.83%; Healthpeak Properties Inc 1.15% to 1%; Digital Realty Trust Inc 2.7% to 2.56%. New: Healthcare Realty Trust Inc (0.67%), InvenTrust Properties Corp (0.13%), Compass Inc (0.06%), WeWork Inc (0.06%), Bluerock Residential Growth REIT Inc (0.05%), Farmland Partners Inc (0.04%). Gone: Healthcare Trust of America Inc (0.44%), Healthcare Realty Trust Inc (0.26%), PS Business Parks Inc (0.25%), Zillow Group Inc (0.15%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 27 Sep 2022 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/169 positions became 164: 0 added (0% of the fund), 5 dropped (1.31%). Turnover proxy 4.2%. Largest increases: VICI Properties Inc 1.14% to 1.64%; Prologis Inc 7.35% to 7.72%; Welltower Inc 2.31% to 2.57%; Public Storage 3.57% to 3.82%; Crown Castle International Corp 5% to 5.2%; SBA Communications Corp 2.27% to 2.45%. Largest decreases: Simon Property Group Inc 3.07% to 2.53%; CBRE Group Inc 2.15% to 1.81%; Medical Properties Trust Inc 0.84% to 0.71%; Redfin Corp 0.19% to 0.07%; American Tower Corp 7.26% to 7.15%; Equity Residential 1.98% to 1.89%. Gone: CyrusOne Inc (0.71%), MGM Growth Properties LLC (0.39%), Monmouth Real Estate Investment Corp (0.13%), GEO Group Inc/The (0.04%), CorePoint Lodging Inc (0.04%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 23 Jun 2022 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/164 positions became 169: 11 added (1.99% of the fund), 6 dropped (2.16%). Turnover proxy 5.8%. Largest increases: Realty Income Corp 1.56% to 2.44%; Prologis Inc 6.71% to 7.35%; Crown Castle International Corp 4.68% to 5%; Broadstone Net Lease Inc 0.05% to 0.25%; Public Storage 3.38% to 3.57%; Weyerhaeuser Co 1.73% to 1.92%. Largest decreases: American Tower Corp 7.9% to 7.26%; SBA Communications Corp 2.46% to 2.27%; Redfin Corp 0.32% to 0.19%; CBRE Group Inc 2.28% to 2.15%; eXp World Holdings Inc 0.21% to 0.12%; Equity LifeStyle Properties Inc 0.96% to 0.87%. New: Federal Realty Investment Trust (0.56%), Zillow Group Inc (0.54%), SL Green Realty Corp (0.31%), Zillow Group Inc (0.2%), Orion Office REIT Inc (0.08%), Plymouth Industrial REIT Inc (0.07%). Gone: VEREIT Inc (0.71%), Federal Realty Investment Trust (0.58%), CoreSite Realty Corp (0.36%), SL Green Realty Corp (0.34%), Columbia Property Trust Inc (0.15%), Chicago Board of Trade (0.01%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 24 Mar 2022 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/167 positions became 164: 0 added (0% of the fund), 3 dropped (0.8%). Turnover proxy 3.4%. Largest increases: Prologis Inc 6.07% to 6.71%; Simon Property Group Inc 2.74% to 3.11%; Kimco Realty Corp 0.63% to 0.89%; Kite Realty Group Trust 0.14% to 0.33%; Extra Space Storage Inc 1.51% to 1.67%; Public Storage 3.26% to 3.38%. Largest decreases: Crown Castle International Corp 5.14% to 4.68%; Welltower Inc 2.39% to 2.16%; American Tower Corp 8.11% to 7.9%; Americold Realty Trust 0.54% to 0.4%; Ventas Inc 1.49% to 1.36%; Omega Healthcare Investors Inc 0.56% to 0.44%. Gone: QTS Realty Trust Inc (0.31%), Weingarten Realty Investors (0.28%), Retail Properties of America Inc (0.2%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 21 Dec 2021 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/164 positions became 167: 4 added (0.36% of the fund), 1 dropped (0.27%). Turnover proxy 3.6%. Largest increases: American Tower Corp 7.84% to 8.11%; Equinix Inc 3.92% to 4.17%; AvalonBay Communities Inc 1.9% to 2.1%; Mid-America Apartment Communities Inc 1.29% to 1.47%; Welltower Inc 2.21% to 2.39%; Prologis Inc 5.92% to 6.07%. Largest decreases: Weyerhaeuser Co 2.06% to 1.67%; Crown Castle International Corp 5.4% to 5.14%; Digital Realty Trust Inc 2.91% to 2.71%; Host Hotels & Resorts Inc 0.93% to 0.76%; Redfin Corp 0.48% to 0.37%; Medical Properties Trust Inc 0.91% to 0.81%. New: DigitalBridge Group Inc (0.25%), NETSTREIT Corp (0.04%), Broadstone Net Lease Inc (0.04%), Opendoor Technologies Inc (0.03%). Gone: Colony Capital Inc (0.27%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 23 Sep 2021 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/164 positions became 164: 0 added (0% of the fund), 0 dropped (0%). Turnover proxy 3.3%. Largest increases: CBRE Group Inc 1.71% to 2.04%; Simon Property Group Inc 2.51% to 2.83%; Public Storage 2.97% to 3.13%; Extra Space Storage Inc 1.23% to 1.38%; Host Hotels & Resorts Inc 0.8% to 0.93%; Welltower Inc 2.09% to 2.21%. Largest decreases: Equinix Inc 4.48% to 3.92%; American Tower Corp 8.16% to 7.84%; Digital Realty Trust Inc 3.17% to 2.91%; Prologis Inc 6.13% to 5.92%; eXp World Holdings Inc 0.31% to 0.16%; SBA Communications Corp 2.5% to 2.36%. Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 28 Jun 2021 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/168 positions became 164: 6 added (1.71% of the fund), 10 dropped (1.88%). Turnover proxy 8.7%. Largest increases: Simon Property Group Inc 1.78% to 2.51%; Crown Castle International Corp 4.78% to 5.31%; Equity Residential 1.64% to 1.91%; Kimco Realty Corp 0.41% to 0.61%; eXp World Holdings Inc 0.11% to 0.31%; Redfin Corp 0.38% to 0.56%. Largest decreases: Equinix Inc 6.02% to 4.48%; American Tower Corp 9.45% to 8.16%; Prologis Inc 6.8% to 6.13%; SBA Communications Corp 3.06% to 2.5%; Digital Realty Trust Inc 3.63% to 3.17%; Public Storage 3.38% to 2.97%. New: VEREIT Inc (0.64%), Apartment Income REIT Corp (0.5%), SL Green Realty Corp (0.42%), Centerspace (0.08%), Apartment Investment and Management Co (0.06%), Chicago Board of Trade (0%). Gone: VEREIT Inc (0.62%), Apartment Investment and Management Co (0.45%), SL Green Realty Corp (0.31%), Taubman Centers Inc (0.19%), Investors Real Estate Trust (0.08%), CoreCivic Inc (0.07%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 16 Mar 2021 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/169 positions became 168: 0 added (0% of the fund), 1 dropped (0.01%). Turnover proxy 4.8%. Largest increases: Equinix Inc 4.92% to 6.02%; Public Storage 2.8% to 3.38%; CBRE Group Inc 1.31% to 1.58%; Extra Space Storage Inc 1.19% to 1.41%; Welltower Inc 1.94% to 2.09%; VICI Properties Inc 0.9% to 1.03%. Largest decreases: Crown Castle International Corp 6.19% to 4.78%; American Tower Corp 10.28% to 9.45%; Boston Properties Inc 1.17% to 1.01%; Alexandria Real Estate Equities Inc 1.96% to 1.8%; State Street Global Advisors 0.25% to 0.12%; Digital Realty Trust Inc 3.75% to 3.63%. Gone: Chicago Board of Trade (0.01%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 18 Dec 2020 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/180 positions became 169: 0 added (0% of the fund), 11 dropped (0.28%). Turnover proxy 4.8%. Largest increases: Prologis Inc 6.25% to 6.9%; Equinix Inc 4.4% to 4.92%; Weyerhaeuser Co 1.55% to 1.84%; American Tower Corp 10.02% to 10.28%; Alexandria Real Estate Equities Inc 1.74% to 1.96%; Invitation Homes Inc 1.23% to 1.44%. Largest decreases: Equity Residential 2.31% to 1.75%; AvalonBay Communities Inc 2.18% to 1.92%; Boston Properties Inc 1.42% to 1.17%; Simon Property Group Inc 1.94% to 1.69%; Essex Property Trust Inc 1.55% to 1.32%; Vornado Realty Trust 0.71% to 0.49%. Gone: Hannon Armstrong Sustainable Infrastructure Capital Inc (0.17%), Hersha Hospitality Trust (0.02%), CorEnergy Infrastructure Trust Inc (0.02%), New Senior Investment Group Inc (0.02%), Retail Value Inc (0.01%), CorePoint Lodging Inc (0.01%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 21 Sep 2020 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/182 positions became 180: 0 added (0% of the fund), 2 dropped (0.78%). Turnover proxy 10.9%. Largest increases: American Tower Corp 7.95% to 10.02%; Digital Realty Trust Inc 1.99% to 3.74%; Prologis Inc 4.54% to 6.25%; Crown Castle International Corp 4.83% to 6.32%; SBA Communications Corp 2.19% to 3.14%; Equinix Inc 3.88% to 4.4%. Largest decreases: Simon Property Group Inc 3.18% to 1.94%; Welltower Inc 2.67% to 1.96%; Ventas Inc 1.67% to 1.13%; Boston Properties Inc 1.72% to 1.42%; STORE Capital Corp 0.67% to 0.41%; VEREIT Inc 0.8% to 0.55%. Gone: Liberty Property Trust (0.76%), Braemar Hotels & Resorts Inc (0.02%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 26 Jun 2020 12:00:00 GMThttps://themulden.com/funds/frel/https://themulden.com/funds/frel/178 positions became 182: 7 added (1.69% of the fund), 3 dropped (1.59%). Turnover proxy 4.7%. Largest increases: American Tower Corp 7.53% to 7.95%; Crown Castle International Corp 4.51% to 4.83%; Prologis Inc 4.33% to 4.54%; VICI Properties Inc 0.76% to 0.96%; CBRE Group Inc 1.34% to 1.51%; Medical Properties Trust Inc 0.71% to 0.88%. Largest decreases: Simon Property Group Inc 3.64% to 3.18%; Welltower Inc 2.87% to 2.67%; Equity Residential 2.57% to 2.39%; Ventas Inc 1.82% to 1.67%; WP Carey Inc 1.23% to 1.11%; Essex Property Trust Inc 1.68% to 1.58%. New: Healthpeak Properties Inc (1.37%), Diversified Healthcare Trust (0.14%), City Office REIT Inc (0.06%), Global Medical REIT Inc (0.05%), Safehold Inc (0.04%), Jernigan Capital Inc (0.03%). Gone: HCP Inc (1.41%), Senior Housing Properties Trust (0.19%), Ashford Inc (0%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 27 Mar 2020 12:00:00 GMT