PFRSX Holdings List

As of May 31, 2025

No.	Symbol	Name	% Weight	Shares
1	AMT	American Tower Corporation	10.44%	3,063,837
2	EQIX	Equinix, Inc.	7.99%	566,324
3	WELL	Welltower Inc.	7.84%	3,200,724
4	PLD	Prologis, Inc.	5.47%	3,171,024
5	VTR	Ventas, Inc.	5.47%	5,353,550
6	AVB	AvalonBay Communities, Inc.	4.75%	1,445,751
7	EXR	Extra Space Storage Inc.	4.74%	1,974,655
8	VICI	VICI Properties Inc.	3.61%	7,159,452
9	REG	Regency Centers Corporation	3.49%	3,049,857
10	DLR	Digital Realty Trust, Inc.	3.49%	1,279,551
11	INVH	Invitation Homes Inc.	3.32%	6,205,457
12	SBAC	SBA Communications Corporation	3.24%	880,531
13	AMH	American Homes 4 Rent	2.90%	4,826,151
14	DOC	Healthpeak Properties, Inc.	2.69%	9,731,181
15	EQR	Equity Residential	2.46%	2,204,777
16	SPG	Simon Property Group, Inc.	2.36%	913,223
17	SBRA	Sabra Health Care REIT, Inc.	1.97%	7,101,541
18	ESS	Essex Property Trust, Inc.	1.95%	431,875
19	REXR	Rexford Industrial Realty, Inc.	1.84%	3,295,370
20	GLPI	Gaming and Leisure Properties, Inc.	1.73%	2,326,958
21	ELS	Equity LifeStyle Properties, Inc.	1.69%	1,675,434
22	PGWXX	Principal Government Money Market R-6	1.67%	105,195,973
23	CUZ	Cousins Properties Incorporated	1.65%	3,691,612
24	RHP	Ryman Hospitality Properties, Inc.	1.58%	1,026,419
25	AHR	American Healthcare REIT, Inc.	1.45%	2,620,480
26	COLD	Americold Realty Trust, Inc.	1.44%	5,470,331
27	VNO	Vornado Realty Trust	1.16%	1,941,563
28	IRM	Iron Mountain Incorporated	1.16%	737,206
29	NTST	NETSTREIT Corp.	1.01%	3,966,290
30	EGP	EastGroup Properties, Inc.	0.99%	368,025
31	NHI	National Health Investors, Inc.	0.97%	841,545
32	IVT	InvenTrust Properties Corp.	0.95%	2,125,729
33	KRC	Kilroy Realty Corporation	0.82%	1,608,462
34	WY	Weyerhaeuser Company	0.70%	1,706,517
35	SHO	Sunstone Hotel Investors, Inc.	0.52%	3,633,749
36	BNL	Broadstone Net Lease, Inc.	0.32%	1,268,497
37	BFS	Saul Centers, Inc.	0.15%	279,987
38	n/a	CASH & RECEIVABLES	0.01%	n/a

As of May 31, 2025

Asset Allocation

Asset Class	% Weight
Stocks	98.69%
Cash	1.30%
Bond	0.02%

Sector Breakdown

Sector	% Weight
Real Estate	96.21%
Other	2.51%
Consumer Discretionary	1.28%

Country Breakdown

Sector	% Weight
United States	99.95%