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
ABBOTT LABS COM 002824100 4,264 65,100 SH   DFND 01,02 65,100 0 0
ABBVIE INC COM 00287Y109 2,224 65,100 SH   DFND 01,02 65,100 0 0
ACCENTURE PLC IRELAND COM G1151C101 2,454 36,900 SH   DFND 01,02 36,900 0 0
ALTRIA GROUP INC COM 02209S103 3,478 110,700 SH   DFND 01,02 110,700 0 0
AMERICAN ELEC PWR INC COM 025537101 3,396 79,564 SH   DFND 01,02 79,564 0 0
AT&T INC COM 00206R102 4,554 135,100 SH   DFND 01,02 135,100 0 0
BOEING CO COM 097023105 4,484 59,500 SH   DFND 01,02 59,500 0 0
CHUBB CORP COM 171232101 1,779 23,620 SH   DFND 01,02 23,620 0 0
COLGATE PALMOLIVE CO COM 194162103 5,098 48,770 SH   DFND 01,02 48,770 0 0
COMCAST CORP NEW CL A 20030N101 3,495 93,500 SH   DFND 01,02 93,500 0 0
CONOCOPHILLIPS COM 20825C104 2,801 48,300 SH   DFND 01,02 48,300 0 0
CRANE CO COM 224399105 28 600 SH   DFND 01,02 600 0 0
CSX CORP COM 126408103 51 2,600 SH   DFND 01,02 2,600 0 0
FIRSTENERGY CORP COM 337932107 3,011 72,100 SH   DFND 01,02 72,100 0 0
GENERAL DYNAMICS CORP COM 369550108 2,508 36,200 SH   DFND 01,02 36,200 0 0
GENERAL ELECTRIC CO COM 369604103 5,384 256,500 SH   DFND 01,02 256,500 0 0
HOLLYSYS AUTOMATION TECHNOLO SHS G45667105 68 5,700 SH   DFND 01,02 5,700 0 0
HORMEL FOODS CORP COM 440452100 1,436 46,000 SH   DFND 01,02 46,000 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 173 5,930 SH   DFND 01,02 5,930 0 0
JOHNSON&JOHNSON COM 478160104 3,042 43,400 SH   DFND 01,02 43,400 0 0
JPMORGAN CHASE & CO COM 46625H100 3,085 70,168 SH   DFND 01,02 70,168 0 0
LOWES COS INC COM 548661107 3,882 109,300 SH   DFND 01,02 109,300 0 0
M&T BK CORP COM 55261F104 2,895 29,400 SH   DFND 01,02 29,400 0 0
MDU RES GROUP INC COM 552690109 2,874 135,300 SH   DFND 01,02 135,300 0 0
MERCK & CO INC NEW COM 58933Y105 4,718 115,251 SH   DFND 01,02 115,251 0 0
MICROSOFT CORP COM 594918104 5,398 201,947 SH   DFND 01,02 201,947 0 0
NORFOLK SOUTHERN CORP COM 655844108 41 665 SH   DFND 01,02 665 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 177 1,100 SH   DFND 01,02 1,100 0 0
TEXAS INSTRS INC COM 882508104 2,039 65,900 SH   DFND 01,02 65,900 0 0
TIMKEN CO COM 887389104 2,597 54,300 SH   DFND 01,02 54,300 0 0
TRINITY INDS INC COM 896522109 93 2,600 SH   DFND 01,02 2,600 0 0
UNION PAC CORP COM 907818108 44 350 SH   DFND 01,02 350 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,771 21,600 SH   DFND 01,02 21,600 0 0
WABTEC CORP COM 929740108 96 1,100 SH   DFND 01,02 1,100 0 0
WOODWARD INC COM 980745103 8 200 SH   DFND 01,02 200 0 0
XILINX INC COM 983919101 2,617 72,900 SH   DFND 01,02 72,900 0 0