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
ALEXANDRIA REAL ESTATE EQ IN COM COM 15271109 1,004 13,608 SH   SOLE   13,608 0 0
AMERICAN CAMPUS CMNTYS INC COM COM 24835100 759 20,811 SH   SOLE   20,811 0 0
ASHFORD HOSPITALITY TR INC COM SHS COM SHS 44103109 718 70,261 SH   SOLE   70,261 0 0
AVALONBAY CMNTYS INC COM COM 53484101 2,350 16,672 SH   SOLE   16,672 0 0
BOSTON PROPERTIES INC COM COM 101121101 3,225 27,863 SH   SOLE   27,863 0 0
BRANDYWINE RLTY TR SH BEN INT NEW SH BEN INT NEW 105368203 845 60,052 SH   SOLE   60,052 0 0
CBL & ASSOC PPTYS INC COM COM 124830100 1,638 91,529 SH   SOLE   91,529 0 0
CPFL ENERGIA S A SPONSORED ADR SPONSORED ADR 126153105 21,592 1,388,571 SH   SOLE   1,248,771 0 139,800
CAMDEN PPTY TR SH BEN INT SH BEN INT 133131102 1,213 17,701 SH   SOLE   17,701 0 0
DIGITAL RLTY TR INC COM COM 253868103 2,378 38,124 SH   SOLE   38,124 0 0
DUKE REALTY CORP COM NEW COM NEW 264411505 1,781 103,665 SH   SOLE   103,665 0 0
EQUITY ONE COM COM 294752100 602 27,818 SH   SOLE   27,818 0 0
ESSEX PPTY TR INC COM COM 297178105 1,102 6,167 SH   SOLE   6,167 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW SH BEN INT NEW 313747206 1,267 10,694 SH   SOLE   10,694 0 0
FOREST CITY ENTERPRISES INC CL A CL A 345550107 1,449 74,056 SH   SOLE   74,056 0 0
GENERAL ELECTRIC CO COM COM 369604103 36,552 1,426,699 SH   SOLE   1,292,599 0 134,100
HASBRO INC COM COM 418056107 34,300 623,700 SH   SOLE   543,900 0 79,800
HEALTHCARE RLTY TR COM COM 421946104 595 25,123 SH   SOLE   25,123 0 0
HIGHWOODS PPTYS INC COM COM 431284108 994 25,544 SH   SOLE   25,544 0 0
HOME PROPERTIES INC COM COM 437306103 1,056 18,126 SH   SOLE   18,126 0 0
INTEL CORP COM COM 458140100 1,396 40,100 SH   SOLE   0 0 40,100
LEXINGTON REALTY TRUST COM COM 529043101 707 72,237 SH   SOLE   72,237 0 0
LIBERTY PPTY TR SH BEN INT SH BEN INT 531172104 1,325 39,840 SH   SOLE   39,840 0 0
LORILLARD INC COM COM 544147101 14,862 248,068 SH   SOLE   224,568 0 23,500
MACERICH CO COM COM 554382101 10,411 163,098 SH   SOLE   135,443 0 27,655
MACK CALI RLTY CORP COM COM 554489104 1,277 66,806 SH   SOLE   66,806 0 0
MATTEL INC COM COM 577081102 35,477 1,157,487 SH   SOLE   1,048,737 0 108,750
NATIONAL RETAIL PPTYS INC COM COM 637417106 878 25,388 SH   SOLE   25,388 0 0
OMEGA HEALTHCARE INVS INC COM COM 681936100 897 26,249 SH   SOLE   26,249 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT SH BEN INT 709102107 672 33,690 SH   SOLE   33,690 0 0
PFIZER INC COM COM 717081103 37,743 1,276,391 SH   SOLE   1,119,241 0 157,150
PIEDMONT OFFICE REALTY TR IN COM CL A CL A 720190206 1,161 65,802 SH   SOLE   65,802 0 0
PUBLIC SVC ENTERPRISE GROUP COM COM 744573106 36,667 984,604 SH   SOLE   892,054 0 92,550
REALTY INCOME CORP COM COM 756109104 1,400 34,326 SH   SOLE   34,326 0 0
REGENCY CTRS CORP COM COM 758849103 1,055 19,599 SH   SOLE   19,599 0 0
SIMON PPTY GROUP INC NEW COM COM 828806109 7,213 43,868 SH   SOLE   43,868 0 0
SOUTHERN CO COM COM 842587107 31,934 731,600 SH   SOLE   663,400 0 68,200
SPECTRA ENERGY CORP COM COM 847560109 1,151 29,327 SH   SOLE   0 0 29,327
SYSCO CORP COM COM 871829107 34,090 898,285 SH   SOLE   783,385 0 114,900
TAUBMAN CTRS INC COM COM 876664103 1,112 15,234 SH   SOLE   15,234 0 0
UDR INC COM COM 902653104 32,970 1,209,924 SH   SOLE   1,100,624 0 109,300
VORNADO RLTY TR SH BEN INT SH BEN INT 929042109 4,600 46,015 SH   SOLE   46,015 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT SH BEN INT 939653101 702 27,650 SH   SOLE   27,650 0 0
WEINGARTEN RLTY INVS SH BEN INT SH BEN INT 948741103 1,206 38,295 SH   SOLE   38,295 0 0
ALTRIA GROUP INC COM COM 02209S103 32,531 708,117 SH   SOLE   642,367 0 65,750
APARTMENT INVT & MGMT CO CL A CL A 03748R101 1,705 53,586 SH   SOLE   53,586 0 0
BIOMED REALTY TRUST INC COM COM 09063H107 32,199 1,594,030 SH   SOLE   1,449,308 0 144,722
CISCO SYS INC COM COM 17275R102 32,583 1,294,500 SH   SOLE   1,165,600 0 128,900
CONOCOPHILLIPS COM COM 20825C104 37,105 484,900 SH   SOLE   426,200 0 58,700
CORPORATE OFFICE PPTYS TR SH BEN INT SH BEN INT 22002T108 781 30,384 SH   SOLE   30,384 0 0
DDR CORP COM COM 23317H102 1,142 68,267 SH   SOLE   68,267 0 0
DIAMOND OFFSHORE DRILLING IN COM COM 25271C102 21,127 616,475 SH   SOLE   535,775 0 80,700
DOUGLAS EMMETT INC COM COM 25960P109 778 30,325 SH   SOLE   30,325 0 0
EQUITY LIFESTYLE PPTYS INC COM COM 29472R108 874 20,642 SH   SOLE   20,642 0 0
EQUITY RESIDENTIAL SH BEN INT SH BEN INT 29476L107 4,262 69,206 SH   SOLE   69,206 0 0
EXTRA SPACE STORAGE INC COM COM 30225T102 689 13,368 SH   SOLE   13,368 0 0
FELCOR LODGING TR INC COM COM 31430F101 653 69,765 SH   SOLE   69,765 0 0
HOSPITALITY PPTYS TR COM SH BEN INT SH BEN INT 44106M102 14,868 553,759 SH   SOLE   500,509 0 53,250
INTEGRYS ENERGY GROUP INC COM COM 45822P105 31,434 484,950 SH   SOLE   437,600 0 47,350
KKR & CO L P DEL COM UNITS COM UNITS 48248M102 22,413 1,005,050 SH   SOLE   907,100 0 97,950
KILROY RLTY CORP COM COM 49427F108 751 12,631 SH   SOLE   12,631 0 0
KIMCO RLTY CORP COM COM 49446R109 2,061 94,080 SH   SOLE   94,080 0 0
MAXIM INTEGRATED PRODS INC COM COM 57772K101 36,775 1,216,100 SH   SOLE   1,101,700 0 114,400
MERCK & CO INC NEW COM COM 58933Y105 1,292 21,800 SH   SOLE   0 0 21,800
MID-AMER APT CMNTYS INC COM COM 59522J103 1,262 19,230 SH   SOLE   19,230 0 0
PUBLIC STORAGE COM COM 74460D109 4,737 28,566 SH   SOLE   28,566 0 0
RLJ LODGING TR COM COM 74965L101 834 29,301 SH   SOLE   29,301 0 0
SL GREEN RLTY CORP COM COM 78440X101 1,703 16,806 SH   SOLE   16,806 0 0
SENIOR HSG PPTYS TR SH BEN INT SH BEN INT 81721M109 1,103 52,720 SH   SOLE   52,720 0 0
TELEFONICA BRASIL SA SPONSORED ADR SPONSORED ADR 87936R106 29,886 1,518,600 SH   SOLE   1,377,500 0 141,100
TWO HBRS INVT CORP COM COM 90187B101 31,585 3,266,300 SH   SOLE   2,866,900 0 399,400
VENTAS INC COM COM 92276F100 2,906 46,901 SH   SOLE   46,901 0 0
AMERICAN RLTY CAP PPTYS INC COM COM 02917T104 762 63,214 SH   SOLE   63,214 0 0
ARES CAP CORP COM COM 04010L103 15,163 938,300 SH   SOLE   852,500 0 85,800
CA INC COM COM 12673P105 32,704 1,170,500 SH   SOLE   1,020,800 0 149,700
REDWOOD TR INC COM COM 758075402 11,420 688,800 SH   SOLE   623,900 0 64,900
RETAIL PPTYS AMER INC CL A CL A 76131V202 1,049 71,679 SH   SOLE   71,679 0 0
TANGER FACTORY OUTLET CTRS I COM COM 875465106 529 16,163 SH   SOLE   16,163 0 0
VERIZON COMMUNICATIONS INC COM COMMUNICATIONS INC COM 92343V104 38,432 768,800 SH   SOLE   673,900 0 94,900
W P CAREY INC COM COM 92936U109 656 10,283 SH   SOLE   10,283 0 0
WASHINGTON PRIME GROUP INC COM COM 939647103 817 46,764 SH   SOLE   46,764 0 0
HCP INC COM COM 40414L109 3,861 97,218 SH   SOLE   97,218 0 0
HEALTH CARE REIT INC COM COM 42217K106 3,028 48,553 SH   SOLE   48,553 0 0
PS BUSINESS PKS INC CALIF COM COM 69360J107 632 8,298 SH   SOLE   8,298 0 0
PROLOGIS INC COM COM 74340W103 2,548 67,586 SH   SOLE   67,586 0 0
PROSENSA HLDG N V SHS USD SHS USD N71546100 16,828 1,996,253 SH   SOLE   1,996,253 0 0
AGCO CORP COM COM 1084102 96 2,119 SH   SOLE   2,119 0 0
ABERCROMBIE & FITCH CO CL A CL A 2896207 67 1,851 SH   SOLE   1,851 0 0
ALON USA ENERGY INC COM COM 20520102 134 9,324 SH   SOLE   9,324 0 0
AMERICAN FINL GROUP INC OHIO COM COM 25932104 77 1,330 SH   SOLE   1,330 0 0
AMERICAN VANGUARD CORP COM COM 30371108 64 5,723 SH   SOLE   5,723 0 0
ARCTIC CAT INC COM COM 39670104 104 2,974 SH   SOLE   2,974 0 0
ATWOOD OCEANICS INC COM COM 50095108 67 1,527 SH   SOLE   1,527 0 0
COOPER TIRE & RUBR CO COM COM 216831107 77 2,695 SH   SOLE   2,695 0 0
ENGILITY HLDGS INC COM COM 29285W104 63 2,016 SH   SOLE   2,016 0 0
EQUITY COMWLTH COM SH BEN INT ADDED SH BEN INT ADDED 294628102 1,649 64,149 SH   SOLE   64,149 0 0
GUESS INC COM COM 401617105 63 2,878 SH   SOLE   2,878 0 0
HYSTER YALE MATLS HANDLING I CL A CL A 449172105 72 1,000 SH   SOLE   1,000 0 0
INGRAM MICRO INC CL A CL A 457153104 69 2,672 SH   SOLE   2,672 0 0
JABIL CIRCUIT INC COM COM 466313103 75 3,737 SH   SOLE   3,737 0 0
KAISER ALUMINUM CORP COM PAR $0.01 COM PAR $0.01 483007704 124 1,628 SH   SOLE   1,628 0 0
KOPPERS HOLDINGS INC COM COM 50060P106 67 2,022 SH   SOLE   2,022 0 0
KULICKE & SOFFA INDS INC COM COM 501242101 78 5,500 SH   SOLE   5,500 0 0
LEXMARK INTL NEW CL A CL A 529771107 68 1,600 SH   SOLE   1,600 0 0
LIQUIDITY SERVICES INC COM COM 53635B107 71 5,165 SH   SOLE   5,165 0 0
LUXFER HLDGS PLC SPONSORED ADR SPONSORED ADR 550678106 71 4,100 SH   SOLE   4,100 0 0
MANTECH INTL CORP CL A CL A 564563104 72 2,677 SH   SOLE   2,677 0 0
MCDONALDS CORP COM COM 580135101 37,640 397,000 SH   SOLE   359,700 0 37,300
NETGEAR INC COM COM 64111Q104 71 2,269 SH   SOLE   2,269 0 0
POST PPTYS INC COM COM 737464107 75 1,460 SH   SOLE   1,460 0 0
QLOGIC CORP COM COM 747277101 82 9,000 SH   SOLE   9,000 0 0
QUALITY SYS INC COM COM 747582104 68 4,911 SH   SOLE   4,911 0 0
SELECT COMFORT CORP COM COMFORT CORP COM 81616X103 79 3,795 SH   SOLE   3,795 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM CL A CL A 848574109 89 2,328 SH   SOLE   2,328 0 0
STONE ENERGY CORP COM COM 861642106 56 1,797 SH   SOLE   1,797 0 0
STRAYER ED INC COM COM 863236105 90 1,506 SH   SOLE   1,506 0 0
TERADYNE INC COM COM 880770102 76 3,937 SH   SOLE   3,937 0 0
TIMKEN CO COM COM 887389104 69 1,616 SH   SOLE   1,616 0 0
VISHAY INTERTECHNOLOGY INC COM COM 928298108 71 4,985 SH   SOLE   4,985 0 0
WESTAR ENERGY INC COM COM 95709T100 28,680 840,557 SH   SOLE   762,500 0 78,057
WESTERN REFNG INC COM COM 959319104 81 1,939 SH   SOLE   1,939 0 0
EPR PPTYS COM SH BEN INT SH BEN INT 26884U109 794 15,664 SH   SOLE   15,664 0 0
ABBVIE INC COM COM 00287Y109 33,050 572,192 SH   SOLE   497,392 0 74,800
AMERICAN EAGLE OUTFITTERS NE COM COM 02553E106 103 7,081 SH   SOLE   7,081 0 0
EXPRESS INC COM COM 30219E103 73 4,664 SH   SOLE   4,664 0 0