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
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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
3M CO COMMON STOCK 88579Y101 4,446 21,100 SH   SOLE 0 0 0 21,100
AETNA INC COMMON STOCK 00817Y108 3,732 18,400 SH   SOLE 0 0 0 18,400
AFLAC INC COMMON STOCK 001055102 3,008 63,900 SH   SOLE 0 0 0 63,900
AGNC INVESTMENT CORP COMMON STOCK 00123Q104 2,375 127,500 SH   SOLE 0 0 0 127,500
ALEXANDRIA REAL ESTATE EQUIT COMMON STOCK 015271109 2,126 16,900 SH   SOLE 0 0 0 16,900
ALLSTATE CORP COMMON STOCK 020002101 2,862 29,000 SH   SOLE 0 0 0 29,000
ALTRIA GROUP INC COMMON STOCK 02209S103 3,812 63,200 SH   SOLE 0 0 0 63,200
AMERICAN CAMPUS COMMUNITIES COMMON STOCK 024835100 2,470 60,000 SH   SOLE 0 0 0 60,000
AMERICAN FINANCIAL GROUP INC COMMON STOCK 025932104 2,219 20,000 SH   SOLE 0 0 0 20,000
AMERICAN HOMES 4 RENT- A COMMON STOCK 02665T306 1,335 61,000 SH   SOLE 0 0 0 61,000
AMERIPRISE FINANCIAL INC COMMON STOCK 03076C106 2,732 18,500 SH   SOLE 0 0 0 18,500
ANNALY CAPITAL MANAGEMENT IN COMMON STOCK 035710409 2,343 229,000 SH   SOLE 0 0 0 229,000
APARTMENT INVT and MGMT CO -A COMMON STOCK 03748R101 2,714 61,500 SH   SOLE 0 0 0 61,500
APPLE INC COMMON STOCK 037833100 12,167 53,900 SH   SOLE 0 0 0 53,900
APPLIED MATERIALS INC COMMON STOCK 038222105 2,644 68,400 SH   SOLE 0 0 0 68,400
ARMADA HOFFLER PROPERTIES IN COMMON STOCK 04208T108 1,133 75,000 SH   SOLE 0 0 0 75,000
AUTOMATIC DATA PROCESSING COMMON STOCK 053015103 4,038 26,800 SH   SOLE 0 0 0 26,800
AUTOZONE INC COMMON STOCK 053332102 2,482 3,200 SH   SOLE 0 0 0 3,200
AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 5,275 29,120 SH   SOLE 0 0 0 29,120
AVERY DENNISON CORP COMMON STOCK 053611109 2,687 24,800 SH   SOLE 0 0 0 24,800
BEST BUY CO INC COMMON STOCK 086516101 2,500 31,500 SH   SOLE 0 0 0 31,500
BIOGEN INC COMMON STOCK 09062X103 3,286 9,300 SH   SOLE 0 0 0 9,300
BOOKING HOLDINGS INC COMMON STOCK 741503403 3,770 1,900 SH   SOLE 0 0 0 1,900
BOSTON PROPERTIES INC COMMON STOCK 101121101 2,021 16,417 SH   SOLE 0 0 0 16,417
BRANDYWINE REALTY TRUST COMMON STOCK 105368203 2,411 153,400 SH   SOLE 0 0 0 153,400
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 4,035 65,000 SH   SOLE 0 0 0 65,000
BRIXMOR PROPERTY GROUP INC COMMON STOCK 11120U105 1,944 111,000 SH   SOLE 0 0 0 111,000
BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK 11133T103 2,362 17,900 SH   SOLE 0 0 0 17,900
BROOKFIELD PROPERTY PARTNERS COMMON STOCK 000000000 672 32,148 SH   SOLE 0 0 0 32,148
CAMDEN PROPERTY TRUST COMMON STOCK 133131102 3,309 35,369 SH   SOLE 0 0 0 35,369
CBL and ASSOCIATES PROPERTIES COMMON STOCK 124830100 363 91,000 SH   SOLE 0 0 0 91,000
CBS CORP-CLASS B NON VOTING COMMON STOCK 124857202 2,528 44,000 SH   SOLE 0 0 0 44,000
CDK GLOBAL INC COMMON STOCK 12508E101 2,534 40,500 SH   SOLE 0 0 0 40,500
CDW CORP/DE COMMON STOCK 12514G108 2,401 27,000 SH   SOLE 0 0 0 27,000
CELGENE CORP COMMON STOCK 151020104 3,401 38,000 SH   SOLE 0 0 0 38,000
CENTERPOINT ENERGY INC COMMON STOCK 15189T107 2,378 86,000 SH   SOLE 0 0 0 86,000
CHATHAM LODGING TRUST COMMON STOCK 16208T102 1,003 48,000 SH   SOLE 0 0 0 48,000
CHESAPEAKE LODGING TRUST COMMON STOCK 165240102 1,652 51,500 SH   SOLE 0 0 0 51,500
CIGNA CORP COMMON STOCK 125509109 3,519 16,900 SH   SOLE 0 0 0 16,900
CINTAS CORP COMMON STOCK 172908105 2,374 12,000 SH   SOLE 0 0 0 12,000
CISCO SYSTEMS INC COMMON STOCK 17275R102 6,470 133,000 SH   SOLE 0 0 0 133,000
CITRIX SYSTEMS INC COMMON STOCK 177376100 2,446 22,000 SH   SOLE 0 0 0 22,000
CLOROX COMPANY COMMON STOCK 189054109 2,587 17,200 SH   SOLE 0 0 0 17,200
COGNIZANT TECH SOLUTIONS-A COMMON STOCK 192446102 2,909 37,700 SH   SOLE 0 0 0 37,700
COLGATE-PALMOLIVE CO COMMON STOCK 194162103 3,642 54,400 SH   SOLE 0 0 0 54,400
COLUMBIA PROPERTY TRUST INC COMMON STOCK 198287203 2,033 86,000 SH   SOLE 0 0 0 86,000
CORPORATE OFFICE PROPERTIES COMMON STOCK 22002T108 1,820 61,000 SH   SOLE 0 0 0 61,000
COUSINS PROPERTIES INC COMMON STOCK 222795106 1,520 171,000 SH   SOLE 0 0 0 171,000
CSX CORP COMMON STOCK 126408103 3,169 42,800 SH   SOLE 0 0 0 42,800
CUBESMART COMMON STOCK 229663109 1,769 62,000 SH   SOLE 0 0 0 62,000
CYRUSONE INC COMMON STOCK 23283R100 1,446 22,800 SH   SOLE 0 0 0 22,800
Colony Capital Inc COMMON STOCK 19625W104 2,090 343,163 SH   SOLE 0 0 0 343,163
DDR RG COMMON STOCK 23317H854 1,198 89,500 SH   SOLE 0 0 0 89,500
DIAMONDROCK HOSPITALITY CO COMMON STOCK 252784301 1,727 148,000 SH   SOLE 0 0 0 148,000
DIGITAL REALTY TRUST INC COMMON STOCK 253868103 3,796 33,750 SH   SOLE 0 0 0 33,750
DOLLAR GENERAL CORP COMMON STOCK 256677105 2,787 25,500 SH   SOLE 0 0 0 25,500
DOMINION ENERGY INC COMMON STOCK 25746U109 3,191 45,400 SH   SOLE 0 0 0 45,400
DUKE ENERGY CORP COMMON STOCK 26441C204 3,305 41,300 SH   SOLE 0 0 0 41,300
DUKE REALTY CORP COMMON STOCK 264411505 1,079 38,024 SH   SOLE 0 0 0 38,024
EASTGROUP PROPERTIES INC COMMON STOCK 277276101 1,673 17,500 SH   SOLE 0 0 0 17,500
EATON VANCE CORP COMMON STOCK 278265103 2,286 43,500 SH   SOLE 0 0 0 43,500
ELI LILLY and CO COMMON STOCK 532457108 4,292 40,000 SH   SOLE 0 0 0 40,000
EMERSON ELECTRIC CO COMMON STOCK 291011104 3,079 40,200 SH   SOLE 0 0 0 40,200
EMPIRE STATE REALTY TRUST-A COMMON STOCK 292104106 714 43,000 SH   SOLE 0 0 0 43,000
ENTERGY CORP COMMON STOCK 29364G103 2,434 30,000 SH   SOLE 0 0 0 30,000
EPR PROPERTIES COMMON STOCK 26884U109 2,825 41,300 SH   SOLE 0 0 0 41,300
EQUITY RESIDENTIAL COMMON STOCK 29476L107 4,596 69,356 SH   SOLE 0 0 0 69,356
ESSEX PROPERTY TRUST INC COMMON STOCK 297178105 2,171 8,800 SH   SOLE 0 0 0 8,800
ESTEE LAUDER COMPANIES-CL A COMMON STOCK 518439104 2,776 19,100 SH   SOLE 0 0 0 19,100
EXELON CORP COMMON STOCK 30161N101 2,969 68,000 SH   SOLE 0 0 0 68,000
EXPEDITORS INTL WASH INC COMMON STOCK 302130109 2,309 31,400 SH   SOLE 0 0 0 31,400
EXXON MOBIL CORP COMMON STOCK 30231G102 8,349 98,200 SH   SOLE 0 0 0 98,200
F5 NETWORKS INC COMMON STOCK 315616102 3,131 15,700 SH   SOLE 0 0 0 15,700
FARMLAND PARTNERS INC COMMON STOCK 31154R109 346 51,653 SH   SOLE 0 0 0 51,653
FEDEX CORP COMMON STOCK 31428X106 3,130 13,000 SH   SOLE 0 0 0 13,000
FISERV INC COMMON STOCK 337738108 3,205 38,900 SH   SOLE 0 0 0 38,900
FOREST CITY REALTY TRUST- A COMMON STOCK 345605109 2,660 106,000 SH   SOLE 0 0 0 106,000
FORTUNE BRANDS HOME and SECURI COMMON STOCK 34964C106 2,152 41,100 SH   SOLE 0 0 0 41,100
FRANKLIN STREET PROPERTIES C COMMON STOCK 35471R106 360 45,000 SH   SOLE 0 0 0 45,000
GAMING AND LEISURE PROPERTIE COMMON STOCK 36467J108 2,538 72,000 SH   SOLE 0 0 0 72,000
GAP INC/THE COMMON STOCK 364760108 2,444 84,700 SH   SOLE 0 0 0 84,700
GLOBAL NET LEASE INC COMMON STOCK 379378201 1,426 68,408 SH   SOLE 0 0 0 68,408
GRAMERCY PROPERTY TRUST COMMON STOCK 385002308 2,680 97,666 SH   SOLE 0 0 0 97,666
HCP INC COMMON STOCK 40414L109 2,490 94,593 SH   SOLE 0 0 0 94,593
HEALTHCARE REALTY TRUST INC COMMON STOCK 421946104 313 10,682 SH   SOLE 0 0 0 10,682
HERSHA HOSPITALITY TRUST COMMON STOCK 427825500 453 20,000 SH   SOLE 0 0 0 20,000
HERSHEY CO/THE COMMON STOCK 427866108 2,397 23,500 SH   SOLE 0 0 0 23,500
HIGHWOODS PROPERTIES INC COMMON STOCK 431284108 1,456 30,802 SH   SOLE 0 0 0 30,802
HOME DEPOT INC COMMON STOCK 437076102 6,152 29,700 SH   SOLE 0 0 0 29,700
HOSPITALITY PROPERTIES TRUST COMMON STOCK 44106M102 2,118 73,434 SH   SOLE 0 0 0 73,434
HOST HOTELS and RESORTS INC COMMON STOCK 44107P104 3,882 183,998 SH   SOLE 0 0 0 183,998
HP INC COMMON STOCK 40434L105 3,025 117,400 SH   SOLE 0 0 0 117,400
HUDSON PACIFIC PROPERTIES IN COMMON STOCK 444097109 1,980 60,500 SH   SOLE 0 0 0 60,500
HUMANA INC COMMON STOCK 444859102 3,419 10,100 SH   SOLE 0 0 0 10,100
HUNT (JB) TRANSPRT SVCS INC COMMON STOCK 445658107 2,165 18,200 SH   SOLE 0 0 0 18,200
ILLINOIS TOOL WORKS COMMON STOCK 452308109 2,978 21,100 SH   SOLE 0 0 0 21,100
INDUSTRIAL LOGISTICS PROPERT COMMON STOCK 456237106 1,362 59,200 SH   SOLE 0 0 0 59,200
INFRAREIT INC COMMON STOCK 45685L100 1,315 62,180 SH   SOLE 0 0 0 62,180
INGERSOLL-RAND PLC COMMON STOCK 000000000 2,598 25,400 SH   SOLE 0 0 0 25,400
INTL BUSINESS MACHINES CORP COMMON STOCK 459200101 4,884 32,300 SH   SOLE 0 0 0 32,300
INTUIT INC COMMON STOCK 461202103 3,070 13,500 SH   SOLE 0 0 0 13,500
INVITATION HOMES INC COMMON STOCK 46187W107 592 25,824 SH   SOLE 0 0 0 25,824
IRON MOUNTAIN INC COMMON STOCK 46284V101 2,675 77,500 SH   SOLE 0 0 0 77,500
JBG SMITH PROPERTIES COMMON STOCK 46590V100 1,008 27,382 SH   SOLE 0 0 0 27,382
KENNEDY-WILSON HOLDINGS INC COMMON STOCK 489398107 862 40,081 SH   SOLE 0 0 0 40,081
KILROY REALTY CORP COMMON STOCK 49427F108 932 13,000 SH   SOLE 0 0 0 13,000
KIMBERLY-CLARK CORP COMMON STOCK 494368103 3,182 28,000 SH   SOLE 0 0 0 28,000
KIMCO REALTY CORP COMMON STOCK 49446R109 966 57,731 SH   SOLE 0 0 0 57,731
KITE REALTY GROUP TRUST COMMON STOCK 49803T300 1,898 114,000 SH   SOLE 0 0 0 114,000
LASALLE HOTEL PROPERTIES COMMON STOCK 517942108 2,027 58,600 SH   SOLE 0 0 0 58,600
LENNOX INTERNATIONAL INC COMMON STOCK 526107107 2,621 12,000 SH   SOLE 0 0 0 12,000
LIBERTY PROPERTY TRUST COMMON STOCK 531172104 3,004 71,096 SH   SOLE 0 0 0 71,096
LOEWS CORP COMMON STOCK 540424108 2,903 57,800 SH   SOLE 0 0 0 57,800
LOWE'S COS INC COMMON STOCK 548661107 3,950 34,400 SH   SOLE 0 0 0 34,400
Life Storage Inc COMMON STOCK 53223X107 2,046 21,500 SH   SOLE 0 0 0 21,500
MACERICH CO/THE COMMON STOCK 554382101 1,300 23,507 SH   SOLE 0 0 0 23,507
MACK-CALI REALTY CORP COMMON STOCK 554489104 1,488 70,000 SH   SOLE 0 0 0 70,000
MARSH and MCLENNAN COS COMMON STOCK 571748102 2,664 32,200 SH   SOLE 0 0 0 32,200
MASCO CORP COMMON STOCK 574599106 2,496 68,200 SH   SOLE 0 0 0 68,200
MASTERCARD INC - A COMMON STOCK 57636Q104 6,344 28,500 SH   SOLE 0 0 0 28,500
MEDICAL PROPERTIES TRUST INC COMMON STOCK 58463J304 2,207 148,000 SH   SOLE 0 0 0 148,000
METTLER-TOLEDO INTERNATIONAL COMMON STOCK 592688105 2,801 4,600 SH   SOLE 0 0 0 4,600
MICROSOFT CORP COMMON STOCK 594918104 12,524 109,500 SH   SOLE 0 0 0 109,500
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 2,404 24,000 SH   SOLE 0 0 0 24,000
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 3,781 37,740 SH   SOLE 0 0 0 37,740
MONDELEZ INTERNATIONAL INC-A COMMON STOCK 609207105 3,308 77,000 SH   SOLE 0 0 0 77,000
MONMOUTH REAL ESTATE INV COR COMMON STOCK 609720107 1,522 91,000 SH   SOLE 0 0 0 91,000
MOODY'S CORP COMMON STOCK 615369105 2,792 16,700 SH   SOLE 0 0 0 16,700
MOTOROLA SOLUTIONS INC COMMON STOCK 620076307 3,019 23,200 SH   SOLE 0 0 0 23,200
MSCI INC COMMON STOCK 55354G100 2,980 16,800 SH   SOLE 0 0 0 16,800
NATIONAL RETAIL PROPERTIES COMMON STOCK 637417106 2,286 51,000 SH   SOLE 0 0 0 51,000
NATL HEALTH INVESTORS INC COMMON STOCK 63633D104 454 6,000 SH   SOLE 0 0 0 6,000
NEW SENIOR INVESTMENT GROUP COMMON STOCK 648691103 726 123,000 SH   SOLE 0 0 0 123,000
O'REILLY AUTOMOTIVE INC COMMON STOCK 67103H107 2,917 8,400 SH   SOLE 0 0 0 8,400
OGE ENERGY CORP COMMON STOCK 670837103 2,677 73,700 SH   SOLE 0 0 0 73,700
PAYCHEX INC COMMON STOCK 704326107 2,534 34,400 SH   SOLE 0 0 0 34,400
PEOPLE'S UNITED FINANCIAL COMMON STOCK 712704105 2,123 124,000 SH   SOLE 0 0 0 124,000
PEPSICO INC COMMON STOCK 713448108 5,087 45,500 SH   SOLE 0 0 0 45,500
PFIZER INC COMMON STOCK 717081103 7,012 159,100 SH   SOLE 0 0 0 159,100
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 1,989 118,000 SH   SOLE 0 0 0 118,000
PPG INDUSTRIES INC COMMON STOCK 693506107 3,023 27,700 SH   SOLE 0 0 0 27,700
PPL CORP COMMON STOCK 69351T106 2,926 100,000 SH   SOLE 0 0 0 100,000
PREFERRED APARTMENT COMMUN-A COMMON STOCK 74039L103 879 50,000 SH   SOLE 0 0 0 50,000
PROCTER and GAMBLE CO/THE COMMON STOCK 742718109 6,059 72,800 SH   SOLE 0 0 0 72,800
PROLOGIS INC COMMON STOCK 74340W103 6,526 96,265 SH   SOLE 0 0 0 96,265
PUBLIC SERVICE ENTERPRISE GP COMMON STOCK 744573106 2,592 49,100 SH   SOLE 0 0 0 49,100
PUBLIC STORAGE COMMON STOCK 74460D109 4,249 21,074 SH   SOLE 0 0 0 21,074
PULTEGROUP INC COMMON STOCK 745867101 1,796 72,500 SH   SOLE 0 0 0 72,500
QTS REALTY TRUST INC-CL A COMMON STOCK 74736A103 1,579 37,000 SH   SOLE 0 0 0 37,000
QUEST DIAGNOSTICS INC COMMON STOCK 74834L100 2,266 21,000 SH   SOLE 0 0 0 21,000
RAMCO-GERSHENSON PROPERTIES COMMON STOCK 751452202 1,887 138,782 SH   SOLE 0 0 0 138,782
REALTY INCOME CORP COMMON STOCK 756109104 2,446 43,000 SH   SOLE 0 0 0 43,000
REGIONS FINANCIAL CORP COMMON STOCK 7591EP100 2,562 139,600 SH   SOLE 0 0 0 139,600
RLJ LODGING TRUST COMMON STOCK 74965L101 1,745 79,200 SH   SOLE 0 0 0 79,200
RMR GROUP INC/THE - A COMMON STOCK 74967R106 370 3,983 SH   SOLE 0 0 0 3,983
ROBERT HALF INTL INC COMMON STOCK 770323103 2,048 29,100 SH   SOLE 0 0 0 29,100
ROCKWELL AUTOMATION INC COMMON STOCK 773903109 3,038 16,200 SH   SOLE 0 0 0 16,200
ROLLINS INC COMMON STOCK 775711104 2,428 40,000 SH   SOLE 0 0 0 40,000
ROSS STORES INC COMMON STOCK 778296103 2,953 29,800 SH   SOLE 0 0 0 29,800
SandP GLOBAL INC COMMON STOCK 78409V104 3,126 16,000 SH   SOLE 0 0 0 16,000
SABRA HEALTH CARE REIT INC COMMON STOCK 78573L106 2,960 128,030 SH   SOLE 0 0 0 128,030
SEALED AIR CORP COMMON STOCK 81211K100 2,168 54,000 SH   SOLE 0 0 0 54,000
SEI INVESTMENTS COMPANY COMMON STOCK 784117103 2,371 38,800 SH   SOLE 0 0 0 38,800
SELECT INCOME REIT COMMON STOCK 81618T100 2,760 125,800 SH   SOLE 0 0 0 125,800
SENIOR HOUSING PROP TRUST COMMON STOCK 81721M109 2,618 149,100 SH   SOLE 0 0 0 149,100
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 12,038 68,108 SH   SOLE 0 0 0 68,108
SKYWORKS SOLUTIONS INC COMMON STOCK 83088M102 2,231 24,600 SH   SOLE 0 0 0 24,600
SL GREEN REALTY CORP COMMON STOCK 78440X101 1,651 16,923 SH   SOLE 0 0 0 16,923
SMITH (A.O.) CORP COMMON STOCK 831865209 2,359 44,200 SH   SOLE 0 0 0 44,200
SNAP-ON INC COMMON STOCK 833034101 3,029 16,500 SH   SOLE 0 0 0 16,500
SOUTHERN CO/THE COMMON STOCK 842587107 2,603 59,700 SH   SOLE 0 0 0 59,700
SPIRIT AEROSYSTEMS HOLD-CL A COMMON STOCK 848574109 2,768 30,200 SH   SOLE 0 0 0 30,200
SPIRIT MTA REIT COMMON STOCK 84861U105 100 8,700 SH   SOLE 0 0 0 8,700
SPIRIT REALTY CAPITAL INC COMMON STOCK 84860W102 1,797 223,000 SH   SOLE 0 0 0 223,000
STAG INDUSTRIAL INC COMMON STOCK 85254J102 1,746 63,500 SH   SOLE 0 0 0 63,500
STARBUCKS CORP COMMON STOCK 855244109 3,592 63,200 SH   SOLE 0 0 0 63,200
STATE STREET CORP COMMON STOCK 857477103 2,681 32,000 SH   SOLE 0 0 0 32,000
STORE CAPITAL CORP COMMON STOCK 862121100 445 16,000 SH   SOLE 0 0 0 16,000
SUMMIT HOTEL PROPERTIES INC COMMON STOCK 866082100 663 49,000 SH   SOLE 0 0 0 49,000
SUNSTONE HOTEL INVESTORS INC COMMON STOCK 867892101 491 30,000 SH   SOLE 0 0 0 30,000
SYNOPSYS INC COMMON STOCK 871607107 2,564 26,000 SH   SOLE 0 0 0 26,000
T ROWE PRICE GROUP INC COMMON STOCK 74144T108 2,336 21,400 SH   SOLE 0 0 0 21,400
TANGER FACTORY OUTLET CENTER COMMON STOCK 875465106 1,785 78,000 SH   SOLE 0 0 0 78,000
TAUBMAN CENTERS INC COMMON STOCK 876664103 957 16,000 SH   SOLE 0 0 0 16,000
TEXAS INSTRUMENTS INC COMMON STOCK 882508104 3,691 34,400 SH   SOLE 0 0 0 34,400
TIER REIT INC COMMON STOCK 88650V208 1,075 44,600 SH   SOLE 0 0 0 44,600
TJX COMPANIES INC COMMON STOCK 872540109 3,394 30,300 SH   SOLE 0 0 0 30,300
TORCHMARK CORP COMMON STOCK 891027104 2,791 32,200 SH   SOLE 0 0 0 32,200
TRACTOR SUPPLY COMPANY COMMON STOCK 892356106 2,617 28,800 SH   SOLE 0 0 0 28,800
TRAVELERS COS INC/THE COMMON STOCK 89417E109 3,035 23,400 SH   SOLE 0 0 0 23,400
UDR INC COMMON STOCK 902653104 2,319 57,367 SH   SOLE 0 0 0 57,367
UMH PROPERTIES INC COMMON STOCK 903002103 1,209 77,283 SH   SOLE 0 0 0 77,283
UNION PACIFIC CORP COMMON STOCK 907818108 4,852 29,800 SH   SOLE 0 0 0 29,800
UNITED CONTINENTAL HOLDINGS COMMON STOCK 910047109 2,405 27,000 SH   SOLE 0 0 0 27,000
UNITED PARCEL SERVICE-CL B COMMON STOCK 911312106 3,923 33,600 SH   SOLE 0 0 0 33,600
UNITI GROUP INC COMMON STOCK 91325V108 907 45,000 SH   SOLE 0 0 0 45,000
US BANCORP COMMON STOCK 902973304 3,496 66,200 SH   SOLE 0 0 0 66,200
VENTAS INC COMMON STOCK 92276F100 3,398 62,482 SH   SOLE 0 0 0 62,482
VEREIT INC COMMON STOCK 92339V100 2,759 380,000 SH   SOLE 0 0 0 380,000
VF CORP COMMON STOCK 918204108 2,729 29,200 SH   SOLE 0 0 0 29,200
VISA INC-CLASS A SHARES COMMON STOCK 92826C839 7,264 48,400 SH   SOLE 0 0 0 48,400
VORNADO REALTY TRUST COMMON STOCK 929042109 2,027 27,765 SH   SOLE 0 0 0 27,765
WASHINGTON REIT COMMON STOCK 939653101 490 16,000 SH   SOLE 0 0 0 16,000
WASTE MANAGEMENT INC COMMON STOCK 94106L109 3,226 35,700 SH   SOLE 0 0 0 35,700
WEINGARTEN REALTY INVESTORS COMMON STOCK 948741103 1,349 45,336 SH   SOLE 0 0 0 45,336
WELLTOWER INC COMMON STOCK 95040Q104 4,113 63,953 SH   SOLE 0 0 0 63,953
WW GRAINGER INC COMMON STOCK 384802104 2,430 6,800 SH   SOLE 0 0 0 6,800
YUM! BRANDS INC COMMON STOCK 988498101 2,873 31,600 SH   SOLE 0 0 0 31,600
ZOETIS INC COMMON STOCK 98978V103 3,186 34,800 SH   SOLE 0 0 0 34,800