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
ABBVIE INC COM 00287Y109 3,558 61,600 SH   DFND 01,02 61,600 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 2,456 30,200 SH   DFND 01,02 30,200 0 0
ALTRIA GROUP INC COM 02209S103 3,041 66,200 SH   DFND 01,02 66,200 0 0
AMERICAN ELEC PWR INC COM 025537101 2,483 47,564 SH   DFND 01,02 47,564 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 1,756 32,500 SH   DFND 01,02 32,500 0 0
AMERIPRISE FINL INC COM 03076C106 1,614 13,080 SH   DFND 01,02 13,080 0 0
APPLE INC COM 037833100 4,705 46,700 SH   DFND 01,02 46,700 0 0
AT&T INC COM 00206R102 2,847 80,800 SH   DFND 01,02 80,800 0 0
BANKUNITED INC COM 06652K103 1,290 42,300 SH   DFND 01,02 42,300 0 0
BOEING CO COM 097023105 2,018 15,840 SH   DFND 01,02 15,840 0 0
COLGATE PALMOLIVE CO COM 194162103 2,735 41,940 SH   DFND 01,02 41,940 0 0
CONOCOPHILLIPS COM 20825C104 2,211 28,900 SH   DFND 01,02 28,900 0 0
CRANE CO COM 224399105 6 100 SH   DFND 01,02 100 0 0
CSX CORP COM 126408103 77 2,400 SH   DFND 01,02 2,400 0 0
FIRSTENERGY CORP COM 337932107 1,447 43,100 SH   DFND 01,02 43,100 0 0
FOSTER L B CO COM 350060109 28 600 SH   DFND 01,02 600 0 0
FREIGHTCAR AMER INC COM 357023100 10 300 SH   DFND 01,02 300 0 0
GENERAL DYNAMICS CORP COM 369550108 2,745 21,600 SH   DFND 01,02 21,600 0 0
GENERAL ELECTRIC CO COM 369604103 3,925 153,200 SH   DFND 01,02 153,200 0 0
GENESEE & WYO INC CL A 371559105 76 800 SH   DFND 01,02 800 0 0
GREENBRIER COS INC COM 393657101 117 1,600 SH   DFND 01,02 1,600 0 0
HOLLYSYS AUTOMATION TECHNOLO SHS G45667105 124 5,500 SH   DFND 01,02 5,500 0 0
HORMEL FOODS CORP COM 440452100 1,048 20,400 SH   DFND 01,02 20,400 0 0
JOHNSON & JOHNSON COM 478160104 2,761 25,900 SH   DFND 01,02 25,900 0 0
JPMORGAN CHASE & CO COM 46625H100 2,070 34,368 SH   DFND 01,02 34,368 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1,793 16,500 SH   DFND 01,02 16,500 0 0
MDU RES GROUP INC COM 552690109 1,977 71,100 SH   DFND 01,02 71,100 0 0
MERCK & CO INC NEW COM 58933Y105 4,081 68,851 SH   DFND 01,02 68,851 0 0
MICROSOFT CORP COM 594918104 3,664 79,027 SH   DFND 01,02 79,027 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,947 17,445 SH   DFND 01,02 17,445 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 2,496 25,960 SH   DFND 01,02 25,960 0 0
PEPSICO INC COM 713448108 2,104 22,600 SH   DFND 01,02 22,600 0 0
TIME WARNER CABLE INC COM 88732J207 2,368 16,500 SH   DFND 01,02 16,500 0 0
TRINITY INDS INC COM 896522109 178 3,800 SH   DFND 01,02 3,800 0 0
UNION PAC CORP COM 907818108 173 1,600 SH   DFND 01,02 1,600 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,373 13,000 SH   DFND 01,02 13,000 0 0
WABTEC CORP COM 929740108 154 1,900 SH   DFND 01,02 1,900 0 0