The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AKAMAI TECHNOLOGIES INC COM 00971T101 21,007 399,143 SH   SOLE   399,143 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 20,062 473,724 SH   SOLE   473,724 0 0
CALPINE CORP COM NEW 131347304 32,242 2,228,216 SH   SOLE   2,228,216 0 0
FEDERAL MOGUL HOLDINGS CORP COM 313549404 14,508 2,118,016 SH   SOLE   2,118,016 0 0
GENERAL MTRS CO COM 37045V100 534 15,703 SH   SOLE   15,703 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 347 14,271 SH   SOLE   14,271 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 233 14,271 SH   SOLE   14,271 0 0
GRACE W R & CO DEL NEW COM 38388F108 21,020 211,063 SH   SOLE   211,063 0 0
INFRAREIT INC COM 45685L100 103,160 5,576,235 SH   SOLE   5,576,235 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 22,785 419,142 SH   SOLE   419,142 0 0
TIME WARNER CABLE INC COM 88732J207 38,035 204,939 SH   SOLE   204,939 0 0
TRIBUNE MEDIA CO CL A 896047503 6,742 199,400 SH   SOLE   199,400 0 0
PARTNERRE LTD COM G6852T105 28,859 206,518 SH   SOLE   206,518 0 0
TRONOX LTD SHS CL A Q9235V101 972 248,690 SH   SOLE   248,690 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 5,053 122,225 SH   SOLE   122,225 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 2,848 228,054 SH   SOLE   228,054 0 0
DIGITAL RLTY TR INC COM 253868103 11,157 147,536 SH   SOLE   147,536 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 5,535 83,026 SH   SOLE   83,026 0 0
INLAND REAL ESTATE CORP COM NEW 457461200 1,002 94,370 SH   SOLE   94,370 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 2,117 219,413 SH   SOLE   219,413 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 2,940 255,456 SH   SOLE   255,456 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 1,019 98,453 SH   SOLE   98,453 0 0
POTLATCH CORP NEW COM 737630103 1,230 40,691 SH   SOLE   40,691 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 5,853 146,133 SH   SOLE   146,133 0 0
DOUGLAS EMMETT INC COM 25960P109 4,614 147,977 SH   SOLE   147,977 0 0
UDR INC COM 902653104 10,733 285,672 SH   SOLE   285,672 0 0
HCP INC COM 40414L109 19,283 504,269 SH   SOLE   504,269 0 0
DUPONT FABROS TECHNOLOGY INC COM 26613Q106 2,275 71,557 SH   SOLE   71,557 0 0
WINTHROP RLTY TR SH BEN INT NEW 976391300 508 39,142 SH   SOLE   39,142 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 1,218 76,778 SH   SOLE   76,778 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 1,914 106,928 SH   SOLE   106,928 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 2,196 78,371 SH   SOLE   78,371 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 1,630 64,801 SH   SOLE   64,801 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 2,979 157,777 SH   SOLE   157,777 0 0
TERRENO RLTY CORP COM 88146M101 1,051 46,459 SH   SOLE   46,459 0 0
CHATHAM LODGING TR COM 16208T102 822 40,150 SH   SOLE   40,150 0 0
HUDSON PAC PPTYS INC COM 444097109 2,247 79,867 SH   SOLE   79,867 0 0
CORESITE RLTY CORP COM 21870Q105 1,893 33,372 SH   SOLE   33,372 0 0
CAMPUS CREST CMNTYS INC COM 13466Y105 476 70,056 SH   SOLE   70,056 0 0
WHITESTONE REIT COM 966084204 332 27,622 SH   SOLE   27,622 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 1,505 74,407 SH   SOLE   74,407 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 14,866 546,334 SH   SOLE   546,334 0 0
AMERICAN ASSETS TR INC COM 024013104 1,609 41,950 SH   SOLE   41,950 0 0
SUMMIT HOTEL PPTYS COM 866082100 1,097 91,828 SH   SOLE   91,828 0 0
PREFERRED APT CMNTYS INC COM 74039L103 313 23,945 SH   SOLE   23,945 0 0
STAG INDL INC COM 85254J102 1,362 73,832 SH   SOLE   73,832 0 0
RLJ LODGING TR COM 74965L101 2,952 136,460 SH   SOLE   136,460 0 0
PROLOGIS INC COM 74340W103 24,392 568,315 SH   SOLE   568,315 0 0
DDR CORP COM 23317H102 5,610 333,126 SH   SOLE   333,126 0 0
CUBESMART COM 229663109 5,656 184,709 SH   SOLE   184,709 0 0
ROUSE PPTYS INC COM 779287101 579 39,799 SH   SOLE   39,799 0 0
AMERICAN TOWER CORP NEW COM 03027X100 44,421 458,181 SH   SOLE   458,181 0 0
SELECT INCOME REIT COM SH BEN INT 81618T100 1,458 73,541 SH   SOLE   73,541 0 0
RETAIL PPTYS AMER INC CL A 76131V202 3,800 257,274 SH   SOLE   257,274 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 2,740 53,069 SH   SOLE   53,069 0 0
W P CAREY INC COM 92936U109 5,631 95,448 SH   SOLE   95,448 0 0
EPR PPTYS COM SH BEN INT 26884U109 3,784 64,743 SH   SOLE   64,743 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 577 36,820 SH   SOLE   36,820 0 0
CYRUSONE INC COM 23283R100 2,416 64,520 SH   SOLE   64,520 0 0
ARMADA HOFFLER PPTYS INC COM 04208T108 364 34,711 SH   SOLE   34,711 0 0
AMERICAN RESIDENTIAL PPTYS I COM 02927E303 665 35,204 SH   SOLE   35,204 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 4,600 459,110 SH   SOLE   459,110 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 949 136,573 SH   SOLE   136,573 0 0
EQUITY ONE COM 294752100 2,313 85,201 SH   SOLE   85,201 0 0
ACADIA RLTY TR COM SH BEN INT 004239109 2,471 74,537 SH   SOLE   74,537 0 0
AGREE REALTY CORP COM 008492100 637 18,734 SH   SOLE   18,734 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 648 61,924 SH   SOLE   61,924 0 0
ONE LIBERTY PPTYS INC COM 682406103 253 11,794 SH   SOLE   11,794 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 1,410 84,869 SH   SOLE   84,869 0 0
UMH PPTYS INC COM 903002103 269 26,623 SH   SOLE   26,623 0 0
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 713 14,263 SH   SOLE   14,263 0 0
URSTADT BIDDLE PPTYS INC CL A 917286205 540 28,041 SH   SOLE   28,041 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 2,253 103,186 SH   SOLE   103,186 0 0
VENTAS INC COM 92276F100 20,240 358,667 SH   SOLE   358,667 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 3,844 259,057 SH   SOLE   259,057 0 0
PLUM CREEK TIMBER CO INC COM 729251108 9,100 190,702 SH   SOLE   190,702 0 0
GETTY RLTY CORP NEW COM 374297109 450 26,214 SH   SOLE   26,214 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 2,670 195,470 SH   SOLE   195,470 0 0
FELCOR LODGING TR INC COM 31430F101 1,150 157,554 SH   SOLE   157,554 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 4,318 165,124 SH   SOLE   165,124 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 3,098 123,151 SH   SOLE   123,151 0 0
LEXINGTON REALTY TRUST COM 529043101 2,052 256,516 SH   SOLE   256,516 0 0
MACK CALI RLTY CORP COM 554489104 2,269 97,182 SH   SOLE   97,182 0 0
MID-AMER APT CMNTYS INC COM 59522J103 7,444 81,978 SH   SOLE   81,978 0 0
REALTY INCOME CORP COM 756109104 13,973 270,636 SH   SOLE   270,636 0 0
SAUL CTRS INC COM 804395101 772 15,057 SH   SOLE   15,057 0 0
SOVRAN SELF STORAGE INC COM 84610H108 4,181 38,958 SH   SOLE   38,958 0 0
SUN CMNTYS INC COM 866674104 4,155 60,628 SH   SOLE   60,628 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 3,412 104,353 SH   SOLE   104,353 0 0
RAYONIER INC COM 754907103 3,047 137,264 SH   SOLE   137,264 0 0
ALEXANDERS INC COM 014752109 839 2,183 SH   SOLE   2,183 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 7,110 78,684 SH   SOLE   78,684 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 6,825 170,490 SH   SOLE   170,490 0 0
CBL & ASSOC PPTYS INC COM 124830100 2,297 185,704 SH   SOLE   185,704 0 0
CAMDEN PPTY TR SH BEN INT 133131102 7,227 94,156 SH   SOLE   94,156 0 0
COUSINS PPTYS INC COM 222795106 2,181 231,292 SH   SOLE   231,292 0 0
EASTGROUP PPTY INC COM 277276101 1,939 34,861 SH   SOLE   34,861 0 0
ESSEX PPTY TR INC COM 297178105 17,026 71,115 SH   SOLE   71,115 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 10,921 74,751 SH   SOLE   74,751 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 2,651 119,778 SH   SOLE   119,778 0 0
HEALTHCARE RLTY TR COM 421946104 3,099 109,418 SH   SOLE   109,418 0 0
HIGHWOODS PPTYS INC COM 431284108 4,467 102,464 SH   SOLE   102,464 0 0
KILROY RLTY CORP COM 49427F108 6,366 100,594 SH   SOLE   100,594 0 0
LTC PPTYS INC COM 502175102 1,649 38,232 SH   SOLE   38,232 0 0
LIBERTY PPTY TR SH BEN INT 531172104 5,054 162,768 SH   SOLE   162,768 0 0
MACERICH CO COM 554382101 13,823 171,305 SH   SOLE   171,305 0 0
NATIONAL HEALTH INVS INC COM 63633D104 2,283 37,511 SH   SOLE   37,511 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 6,243 178,475 SH   SOLE   178,475 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 1,894 21,667 SH   SOLE   21,667 0 0
PARKWAY PPTYS INC COM 70159Q104 1,359 86,954 SH   SOLE   86,954 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 1,575 72,024 SH   SOLE   72,024 0 0
TAUBMAN CTRS INC COM 876664103 5,014 65,358 SH   SOLE   65,358 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 1,990 73,550 SH   SOLE   73,550 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 4,205 121,612 SH   SOLE   121,612 0 0
KIMCO RLTY CORP COM 49446R109 11,866 448,463 SH   SOLE   448,463 0 0
VORNADO RLTY TR SH BEN INT 929042109 18,366 183,731 SH   SOLE   183,731 0 0
AVALONBAY CMNTYS INC COM 053484101 27,323 148,389 SH   SOLE   148,389 0 0
BOSTON PROPERTIES INC COM 101121101 21,213 166,324 SH   SOLE   166,324 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 31,877 390,695 SH   SOLE   390,695 0 0
HOST HOTELS & RESORTS INC COM 44107P104 12,660 825,304 SH   SOLE   825,304 0 0
POST PPTYS INC COM 737464107 3,490 58,985 SH   SOLE   58,985 0 0
SL GREEN RLTY CORP COM 78440X101 12,269 108,594 SH   SOLE   108,594 0 0
DUKE REALTY CORP COM NEW 264411505 7,911 376,363 SH   SOLE   376,363 0 0
PUBLIC STORAGE COM 74460D109 38,941 157,211 SH   SOLE   157,211 0 0
SIMON PPTY GROUP INC NEW COM 828806109 65,521 336,974 SH   SOLE   336,974 0 0
WEYERHAEUSER CO COM 962166104 16,604 553,851 SH   SOLE   553,851 0 0
REGENCY CTRS CORP COM 758849103 6,920 101,582 SH   SOLE   101,582 0 0
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 3,244 122,465 SH   SOLE   122,465 0 0
GLADSTONE COML CORP COM 376536108 339 23,254 SH   SOLE   23,254 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 634 100,517 SH   SOLE   100,517 0 0
ISHARES TR U.S. REAL ES ETF 464287739 112,665 1,500,000 SH   SOLE   1,500,000 0 0
FIRST POTOMAC RLTY TR COM 33610F109 784 68,780 SH   SOLE   68,780 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 652 92,124 SH   SOLE   92,124 0 0
BIOMED REALTY TRUST INC COM 09063H107 5,267 222,345 SH   SOLE   222,345 0 0
EXTRA SPACE STORAGE INC COM 30225T102 11,031 125,053 SH   SOLE   125,053 0 0
REXFORD INDL RLTY INC COM 76169C100 968 59,147 SH   SOLE   59,147 0 0
PHYSICIANS RLTY TR COM 71943U104 1,607 95,326 SH   SOLE   95,326 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 2,726 163,619 SH   SOLE   163,619 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 244 32,461 SH   SOLE   32,461 0 0
EMPIRE ST RLTY TR INC CL A 292104106 1,798 99,527 SH   SOLE   99,527 0 0
QTS RLTY TR INC COM CL A 74736A103 1,893 41,960 SH   SOLE   41,960 0 0
COLUMBIA PPTY TR INC COM NEW 198287203 3,184 135,599 SH   SOLE   135,599 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 2,642 95,044 SH   SOLE   95,044 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 4,924 190,718 SH   SOLE   190,718 0 0
ASHFORD HOSPITALITY PRIME IN COM 044102101 426 29,357 SH   SOLE   29,357 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 528 46,704 SH   SOLE   46,704 0 0
STARWOOD WAYPOINT RESIDENTL COM SHS 85571W109 941 41,562 SH   SOLE   41,562 0 0
BLUEROCK RESIDENTIAL GRW REI COM CL A 09627J102 243 20,504 SH   SOLE   20,504 0 0
NEW YORK REIT INC COM 64976L109 2,046 177,920 SH   SOLE   177,920 0 0
CARETRUST REIT INC COM 14174T107 603 55,061 SH   SOLE   55,061 0 0
GEO GROUP INC NEW COM 36162J106 2,243 77,601 SH   SOLE   77,601 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 3,799 136,984 SH   SOLE   136,984 0 0
KITE RLTY GROUP TR COM NEW 49803T300 2,314 89,244 SH   SOLE   89,244 0 0
NEW SR INVT GROUP INC COM 648691103 861 87,273 SH   SOLE   87,273 0 0
DCT INDUSTRIAL TRUST INC COM NEW 233153204 3,590 96,068 SH   SOLE   96,068 0 0
STORE CAP CORP COM 862121100 1,631 70,283 SH   SOLE   70,283 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 5,378 89,664 SH   SOLE   89,664 0 0
PARAMOUNT GROUP INC COM 69924R108 2,830 156,333 SH   SOLE   156,333 0 0
OUTFRONT MEDIA INC COM 69007J106 3,249 148,839 SH   SOLE   148,839 0 0
MONOGRAM RESIDENTIAL TR INC COM 60979P105 1,799 184,354 SH   SOLE   184,354 0 0
EDUCATION RLTY TR INC COM NEW 28140H203 2,288 60,392 SH   SOLE   60,392 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 31,313 362,207 SH   SOLE   362,207 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 3,717 137,819 SH   SOLE   137,819 0 0
URBAN EDGE PPTYS COM 91704F104 2,279 97,203 SH   SOLE   97,203 0 0
WP GLIMCHER IN COM 92939N102 2,123 200,141 SH   SOLE   200,141 0 0
IRON MTN INC NEW COM 46284V101 5,431 201,089 SH   SOLE   201,089 0 0
EQUINIX INC COM PAR $0.001 29444U700 20,196 66,786 SH   SOLE   66,786 0 0
XENIA HOTELS & RESORTS INC COM 984017103 1,864 121,567 SH   SOLE   121,567 0 0
EASTERLY GOVT PPTYS INC COM 27616P103 253 14,727 SH   SOLE   14,727 0 0
NEXPOINT RESIDENTIAL TR INC COM 65341D102 240 18,365 SH   SOLE   18,365 0 0
COMMUNICATIONS SALES&LEAS IN COM 20341J104 2,551 136,492 SH   SOLE   136,492 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 428 24,977 SH   SOLE   24,977 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 3,630 181,776 SH   SOLE   181,776 0 0
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 971 44,636 SH   SOLE   44,636 0 0
TIER REIT INC COM NEW 88650V208 769 52,125 SH   SOLE   52,125 0 0
VEREIT INC COM 92339V100 7,808 985,845 SH   SOLE   985,845 0 0
CARE CAP PPTYS INC COM 141624106 2,748 89,888 SH   SOLE   89,888 0 0
WELLTOWER INC COM 95040Q104 25,862 380,157 SH   SOLE   380,157 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 860 72,837 SH   SOLE   72,837 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 3,224 189,319 SH   SOLE   189,319 0 0
CORENERGY INFRASTRUCTURE TR COM NEW 21870U502 188 12,695 SH   SOLE   12,695 0 0
GRAMERCY PPTY TR COM 385002100 3,484 451,331 SH   SOLE   451,331 0 0
RSP PERMIAN INC COM 74978Q105 193,669 7,940,524 SH   SOLE   7,940,524 0 0
TRIANGLE PETE CORP COM NEW 89600B201 8,740 11,350,000 SH   SOLE   11,350,000 0 0
CRESCENT PT ENERGY CORP COM 22576C101 79,157 6,977,609 SH   SOLE   6,977,609 0 0
ING GROEP N V DBCV 6.000%12/2 456837AE3 400 400,000 PRN   SOLE   400,000 0 0
PEABODY ENERGY CORP SDCV 4.750%12/1 704549AG9 25 500,000 PRN   SOLE   500,000 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 2,137 95,397 SH   SOLE   95,397 0 0
BCE INC PUT 05534B950 3,625 94,200 SH   SOLE   94,200 0 0
BB&T CORP COM 054937107 2,235 59,100 SH   SOLE   59,100 0 0
AMERICAN ELEC PWR INC COM 025537101 3,986 68,400 SH   SOLE   68,400 0 0
DOMINION RES INC VA NEW COM 25746U109 4,674 69,100 SH   SOLE   69,100 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 2,860 42,300 SH   SOLE   42,300 0 0
PPL CORP COM 69351T106 3,925 115,000 SH   SOLE   115,000 0 0
UNION PAC CORP COM 907818108 3,175 40,600 SH   SOLE   40,600 0 0
PROCTER & GAMBLE CO COM 742718109 6,631 83,500 SH   SOLE   83,500 0 0
CISCO SYS INC COM 17275R102 3,913 144,100 SH   SOLE   144,100 0 0
EXXON MOBIL CORP COM 30231G102 7,772 99,700 SH   SOLE   99,700 0 0
GENERAL ELECTRIC CO COM 369604103 8,389 269,300 SH   SOLE   269,300 0 0
MICROSOFT CORP COM 594918104 7,917 142,700 SH   SOLE   142,700 0 0
PFIZER INC COM 717081103 7,508 232,600 SH   SOLE   232,600 0 0
WAL-MART STORES INC COM 931142103 6,007 98,000 SH   SOLE   98,000 0 0
WELLS FARGO & CO NEW COM 949746101 6,523 120,000 SH   SOLE   120,000 0 0
KIMBERLY CLARK CORP COM 494368103 4,761 37,397 SH   SOLE   37,397 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 2,340 17,000 SH   SOLE   17,000 0 0
DOW CHEM CO COM 260543103 4,968 96,500 SH   SOLE   96,500 0 0
MATTEL INC COM 577081102 3,418 125,800 SH   SOLE   125,800 0 0
INTEL CORP COM 458140100 5,012 145,500 SH   SOLE   145,500 0 0
JOHNSON & JOHNSON COM 478160104 8,053 78,400 SH   SOLE   78,400 0 0
LILLY ELI & CO COM 532457108 2,418 28,700 SH   SOLE   28,700 0 0
MCDONALDS CORP COM 580135101 4,903 41,500 SH   SOLE   41,500 0 0
WASTE MGMT INC DEL COM 94106L109 2,679 50,200 SH   SOLE   50,200 0 0
PEPSICO INC COM 713448108 6,795 68,000 SH   SOLE   68,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 2,528 13,000 SH   SOLE   13,000 0 0
GENERAL MLS INC COM 370334104 3,742 64,900 SH   SOLE   64,900 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 2,147 56,500 SH   SOLE   56,500 0 0
METLIFE INC COM 59156R108 4,146 86,000 SH   SOLE   86,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 11,430 247,300 SH   SOLE   247,300 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 3,663 260,000 SH   SOLE   260,000 0 0
XCEL ENERGY INC COM 98389B100 4,851 135,100 SH   SOLE   135,100 0 0
US BANCORP DEL COM NEW 902973304 2,816 66,000 SH   SOLE   66,000 0 0
3M CO COM 88579Y101 4,323 28,700 SH   SOLE   28,700 0 0
ALTRIA GROUP INC COM 02209S103 4,686 80,500 SH   SOLE   80,500 0 0
CA INC COM 12673P105 3,704 129,700 SH   SOLE   129,700 0 0
ACE LTD SHS H0023R105 3,996 34,200 SH   SOLE   34,200 0 0
STARWOOD PPTY TR INC COM 85571B105 1,727 84,000 SH   SOLE   84,000 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 3,992 38,200 SH   SOLE   38,200 0 0
MERCK & CO INC NEW COM 58933Y105 3,301 62,500 SH   SOLE   62,500 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 5,775 80,900 SH   SOLE   80,900 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 1,473 53,000 SH   SOLE   53,000 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 3,034 35,100 SH   SOLE   35,100 0 0
KRAFT HEINZ CO COM 500754106 4,919 67,600 SH   SOLE   67,600 0 0
CHEVRON CORP NEW COM 166764100 7,638 84,900 SH   SOLE   84,900 0 0
COCA COLA CO COM 191216100 5,404 125,800 SH   SOLE   125,800 0 0
BCE INC PUT 05534B950 3,625 94,200 SH   DFND 1 94,200 0 0
BB&T CORP COM 054937107 2,235 59,100 SH   DFND 1 59,100 0 0
AMERICAN ELEC PWR INC COM 025537101 3,986 68,400 SH   DFND 1 68,400 0 0
DOMINION RES INC VA NEW COM 25746U109 4,674 69,100 SH   DFND 1 69,100 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 2,860 42,300 SH   DFND 1 42,300 0 0
PPL CORP COM 69351T106 3,925 115,000 SH   DFND 1 115,000 0 0
UNION PAC CORP COM 907818108 3,175 40,600 SH   DFND 1 40,600 0 0
PROCTER & GAMBLE CO COM 742718109 6,631 83,500 SH   DFND 1 83,500 0 0
CISCO SYS INC COM 17275R102 3,913 144,100 SH   DFND 1 144,100 0 0
EXXON MOBIL CORP COM 30231G102 7,772 99,700 SH   DFND 1 99,700 0 0
GENERAL ELECTRIC CO COM 369604103 8,389 269,300 SH   DFND 1 269,300 0 0
MICROSOFT CORP COM 594918104 7,917 142,700 SH   DFND 1 142,700 0 0
PFIZER INC COM 717081103 7,508 232,600 SH   DFND 1 232,600 0 0
WAL-MART STORES INC COM 931142103 6,007 98,000 SH   DFND 1 98,000 0 0
WELLS FARGO & CO NEW COM 949746101 6,523 120,000 SH   DFND 1 120,000 0 0
KIMBERLY CLARK CORP COM 494368103 4,761 37,397 SH   DFND 1 37,397 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 2,340 17,000 SH   DFND 1 17,000 0 0
DOW CHEM CO COM 260543103 4,968 96,500 SH   DFND 1 96,500 0 0
MATTEL INC COM 577081102 3,418 125,800 SH   DFND 1 125,800 0 0
INTEL CORP COM 458140100 5,012 145,500 SH   DFND 1 145,500 0 0
JOHNSON & JOHNSON COM 478160104 8,053 78,400 SH   DFND 1 78,400 0 0
LILLY ELI & CO COM 532457108 2,418 28,700 SH   DFND 1 28,700 0 0
MCDONALDS CORP COM 580135101 4,903 41,500 SH   DFND 1 41,500 0 0
WASTE MGMT INC DEL COM 94106L109 2,679 50,200 SH   DFND 1 50,200 0 0
PEPSICO INC COM 713448108 6,795 68,000 SH   DFND 1 68,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 2,528 13,000 SH   DFND 1 13,000 0 0
GENERAL MLS INC COM 370334104 3,742 64,900 SH   DFND 1 64,900 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 2,147 56,500 SH   DFND 1 56,500 0 0
METLIFE INC COM 59156R108 4,146 86,000 SH   DFND 1 86,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 11,430 247,300 SH   DFND 1 247,300 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 3,663 260,000 SH   DFND 1 260,000 0 0
XCEL ENERGY INC COM 98389B100 4,851 135,100 SH   DFND 1 135,100 0 0
US BANCORP DEL COM NEW 902973304 2,816 66,000 SH   DFND 1 66,000 0 0
3M CO COM 88579Y101 4,323 28,700 SH   DFND 1 28,700 0 0
ALTRIA GROUP INC COM 02209S103 4,686 80,500 SH   DFND 1 80,500 0 0
CA INC COM 12673P105 3,704 129,700 SH   DFND 1 129,700 0 0
ACE LTD SHS H0023R105 3,996 34,200 SH   DFND 1 34,200 0 0
STARWOOD PPTY TR INC COM 85571B105 1,727 84,000 SH   DFND 1 84,000 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 3,992 38,200 SH   DFND 1 38,200 0 0
MERCK & CO INC NEW COM 58933Y105 3,301 62,500 SH   DFND 1 62,500 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 5,775 80,900 SH   DFND 1 80,900 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 1,473 53,000 SH   DFND 1 53,000 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 3,034 35,100 SH   DFND 1 35,100 0 0
KRAFT HEINZ CO COM 500754106 4,919 67,600 SH   DFND 1 67,600 0 0
CHEVRON CORP NEW COM 166764100 7,638 84,900 SH   DFND 1 84,900 0 0
COCA COLA CO COM 191216100 5,404 125,800 SH   DFND 1 125,800 0 0