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
3M CO COMMON STOCK 88579Y101 1,815 11,003 SH   SOLE 0 0 0 11,003
ABBOTT LABORATORIES COMMON STOCK 002824100 639 13,800 SH   SOLE 0 0 0 13,800
ABBVIE INC COMMON STOCK 00287Y109 1,147 19,600 SH   SOLE 0 0 0 19,600
ACCENTURE PLC-CL A COMMON STOCK 000000000 1,204 12,850 SH   SOLE 0 0 0 12,850
ACTAVIS PLC COMMON STOCK 000000000 1,280 4,300 SH   SOLE 0 0 0 4,300
AFLAC INC COMMON STOCK 001055102 666 10,400 SH   SOLE 0 0 0 10,400
AGILENT TECHNOLOGIES INC COMMON STOCK 00846U101 781 18,800 SH   SOLE 0 0 0 18,800
AGREE REALTY CORP COMMON STOCK 008492100 430 13,040 SH   SOLE 0 0 0 13,040
AIRGAS INC COMMON STOCK 009363102 775 7,300 SH   SOLE 0 0 0 7,300
ALEXANDRIA REAL ESTATE EQUIT COMMON STOCK 015271109 691 7,050 SH   SOLE 0 0 0 7,050
ALTRIA GROUP INC COMMON STOCK 02209S103 1,080 21,600 SH   SOLE 0 0 0 21,600
AMERICAN REALTY CAPITAL PROP COMMON STOCK 02917T104 542 55,000 SH   SOLE 0 0 0 55,000
AMERIPRISE FINANCIAL INC COMMON STOCK 03076C106 484 3,700 SH   SOLE 0 0 0 3,700
AMGEN INC COMMON STOCK 031162100 2,430 15,200 SH   SOLE 0 0 0 15,200
ANADARKO PETROLEUM CORP COMMON STOCK 032511107 629 7,600 SH   SOLE 0 0 0 7,600
APPLE INC COMMON STOCK 037833100 3,534 28,400 SH   SOLE 0 0 0 28,400
APPLIED MATERIALS INC COMMON STOCK 038222105 672 29,800 SH   SOLE 0 0 0 29,800
ASSOCIATED ESTATES REALTY CP COMMON STOCK 045604105 402 16,300 SH   SOLE 0 0 0 16,300
AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 1,098 6,302 SH   SOLE 0 0 0 6,302
BANK OF AMERICA CORP COMMON STOCK 060505104 770 50,000 SH   SOLE 0 0 0 50,000
BANK OF NEW YORK MELLON CORP COMMON STOCK 064058100 797 19,800 SH   SOLE 0 0 0 19,800
BAXTER INTERNATIONAL INC COMMON STOCK 071813109 610 8,900 SH   SOLE 0 0 0 8,900
BIOGEN IDEC INC COMMON STOCK 09062X103 2,365 5,600 SH   SOLE 0 0 0 5,600
BIOMED REALTY TRUST INC COMMON STOCK 09063H107 589 26,000 SH   SOLE 0 0 0 26,000
BORGWARNER INC COMMON STOCK 099724106 290 4,800 SH   SOLE 0 0 0 4,800
BOSTON PROPERTIES INC COMMON STOCK 101121101 536 3,814 SH   SOLE 0 0 0 3,814
BRANDYWINE REALTY TRUST COMMON STOCK 105368203 471 29,500 SH   SOLE 0 0 0 29,500
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 1,658 25,700 SH   SOLE 0 0 0 25,700
CAMDEN PROPERTY TRUST COMMON STOCK 133131102 729 9,331 SH   SOLE 0 0 0 9,331
CAMPUS CREST COMMUNITIES INC COMMON STOCK 13466Y105 523 73,000 SH   SOLE 0 0 0 73,000
CELANESE CORP-SERIES A COMMON STOCK 150870103 0 0 SH   SOLE 0 0 0 0
CF Industries Holdings INC COMMON STOCK 125269100 1,021 3,600 SH   SOLE 0 0 0 3,600
CHESAPEAKE LODGING TRUST COMMON STOCK 165240102 288 8,500 SH   SOLE 0 0 0 8,500
CISCO SYSTEMS INC COMMON STOCK 17275R102 1,162 42,200 SH   SOLE 0 0 0 42,200
CITIGROUP INC COMMON STOCK 172967424 1,989 38,600 SH   SOLE 0 0 0 38,600
COACH INC COMMON STOCK 189754101 356 8,600 SH   SOLE 0 0 0 8,600
COCA-COLA CO/THE COMMON STOCK 191216100 1,229 30,300 SH   SOLE 0 0 0 30,300
COGNIZANT TECH SOLUTIONS-A COMMON STOCK 192446102 2,028 32,500 SH   SOLE 0 0 0 32,500
COLGATE-PALMOLIVE CO COMMON STOCK 194162103 3,266 47,100 SH   SOLE 0 0 0 47,100
COMCAST CORP-CLASS A COMMON STOCK 20030N101 1,469 26,200 SH   SOLE 0 0 0 26,200
CONOCOPHILLIPS COMMON STOCK 20825C104 735 11,800 SH   SOLE 0 0 0 11,800
COSTCO WHOLESALE CORP COMMON STOCK 22160K105 1,045 6,900 SH   SOLE 0 0 0 6,900
CVS HEALTH CORPORATION COMMON STOCK 126650100 1,744 16,900 SH   SOLE 0 0 0 16,900
DCT INDUSTRIAL TRUST INC COMMON STOCK 233153105 383 11,062 SH   SOLE 0 0 0 11,062
DEERE and CO COMMON STOCK 244199105 737 8,400 SH   SOLE 0 0 0 8,400
DELPHI AUTOMOTIVE PLC COMMON STOCK 000000000 989 12,400 SH   SOLE 0 0 0 12,400
DEVON ENERGY CORPORATION COMMON STOCK 25179M103 434 7,200 SH   SOLE 0 0 0 7,200
DIGITAL REALTY TRUST INC COMMON STOCK 253868103 986 14,950 SH   SOLE 0 0 0 14,950
DOLLAR TREE INC COMMON STOCK 256746108 860 10,600 SH   SOLE 0 0 0 10,600
DU PONT (E.I.) DE NEMOURS COMMON STOCK 263534109 493 6,900 SH   SOLE 0 0 0 6,900
DUKE REALTY CORP COMMON STOCK 264411505 777 35,707 SH   SOLE 0 0 0 35,707
DUPONT FABROS TECHNOLOGY COMMON STOCK 26613Q106 670 20,500 SH   SOLE 0 0 0 20,500
EASTGROUP PROPERTIES INC COMMON STOCK 277276101 451 7,500 SH   SOLE 0 0 0 7,500
EASTMAN CHEMICAL CO COMMON STOCK 277432100 921 13,300 SH   SOLE 0 0 0 13,300
EBAY INC COMMON STOCK 278642103 790 13,700 SH   SOLE 0 0 0 13,700
ECOLAB INC COMMON STOCK 278865100 892 7,800 SH   SOLE 0 0 0 7,800
ELI LILLY and CO COMMON STOCK 532457108 1,279 17,600 SH   SOLE 0 0 0 17,600
EMC CORP/MA COMMON STOCK 268648102 389 15,200 SH   SOLE 0 0 0 15,200
EMERSON ELECTRIC CO COMMON STOCK 291011104 345 6,100 SH   SOLE 0 0 0 6,100
EPR PROPERTIES COMMON STOCK 26884U109 588 9,800 SH   SOLE 0 0 0 9,800
EQUITY LIFESTYLE PROPERTIES COMMON STOCK 29472R108 577 10,500 SH   SOLE 0 0 0 10,500
EQUITY RESIDENTIAL COMMON STOCK 29476L107 814 10,453 SH   SOLE 0 0 0 10,453
ESSEX PROPERTY TRUST INC COMMON STOCK 297178105 115 500 SH   SOLE 0 0 0 500
ESTEE LAUDER COMPANIES-CL A COMMON STOCK 518439104 940 11,300 SH   SOLE 0 0 0 11,300
EXXON MOBIL CORP COMMON STOCK 30231G102 2,618 30,800 SH   SOLE 0 0 0 30,800
FMC CORP COMMON STOCK 302491303 1,529 26,700 SH   SOLE 0 0 0 26,700
FOSSIL GROUP INC COMMON STOCK 34988V106 396 4,800 SH   SOLE 0 0 0 4,800
FRANKLIN RESOURCES INC COMMON STOCK 354613101 780 15,200 SH   SOLE 0 0 0 15,200
GAMING AND LEISURE PROPERTIE COMMON STOCK 36467J108 535 14,500 SH   SOLE 0 0 0 14,500
GENERAL ELECTRIC CO COMMON STOCK 369604103 2,878 116,000 SH   SOLE 0 0 0 116,000
GENERAL GROWTH PROPERTIES COMMON STOCK 370023103 473 16,000 SH   SOLE 0 0 0 16,000
GENERAL MILLS INC COMMON STOCK 370334104 1,217 21,500 SH   SOLE 0 0 0 21,500
GILEAD SCIENCES INC COMMON STOCK 375558103 2,404 24,500 SH   SOLE 0 0 0 24,500
GOOGLE INC-CL A COMMON STOCK 38259P508 1,442 2,600 SH   SOLE 0 0 0 2,600
GOOGLE INC-CL C COMMON STOCK 38259P706 1,425 2,600 SH   SOLE 0 0 0 2,600
HALLIBURTON CO COMMON STOCK 406216101 785 17,900 SH   SOLE 0 0 0 17,900
HCP INC COMMON STOCK 40414L109 1,210 28,007 SH   SOLE 0 0 0 28,007
HEALTH CARE REIT INC COMMON STOCK 42217K106 483 6,247 SH   SOLE 0 0 0 6,247
HEALTHCARE REALTY TRUST INC COMMON STOCK 421946104 113 4,082 SH   SOLE 0 0 0 4,082
HESS CORP COMMON STOCK 42809H107 1,357 20,000 SH   SOLE 0 0 0 20,000
HIGHWOODS PROPERTIES INC COMMON STOCK 431284108 384 8,398 SH   SOLE 0 0 0 8,398
HOME DEPOT INC COMMON STOCK 437076102 2,477 21,800 SH   SOLE 0 0 0 21,800
HOME PROPERTIES INC COMMON STOCK 437306103 807 11,650 SH   SOLE 0 0 0 11,650
HOSPITALITY PROPERTIES TRUST COMMON STOCK 44106M102 669 20,266 SH   SOLE 0 0 0 20,266
HOST HOTELS and RESORTS INC COMMON STOCK 44107P104 562 27,843 SH   SOLE 0 0 0 27,843
INLAND REAL ESTATE CORP COMMON STOCK 457461200 583 54,500 SH   SOLE 0 0 0 54,500
INTEL CORP COMMON STOCK 458140100 1,445 46,200 SH   SOLE 0 0 0 46,200
INTL BUSINESS MACHINES CORP COMMON STOCK 459200101 1,990 12,400 SH   SOLE 0 0 0 12,400
JOHNSON and JOHNSON COMMON STOCK 478160104 3,350 33,300 SH   SOLE 0 0 0 33,300
JOY GLOBAL INC COMMON STOCK 481165108 157 4,000 SH   SOLE 0 0 0 4,000
JPMORGAN CHASE and CO COMMON STOCK 46625H100 3,017 49,800 SH   SOLE 0 0 0 49,800
KELLOGG CO COMMON STOCK 487836108 1,115 16,900 SH   SOLE 0 0 0 16,900
KIMBERLY-CLARK CORP COMMON STOCK 494368103 964 9,000 SH   SOLE 0 0 0 9,000
KIMCO REALTY CORP COMMON STOCK 49446R109 706 26,295 SH   SOLE 0 0 0 26,295
KRAFT FOODS GROUP INC COMMON STOCK 50076Q106 1,215 13,950 SH   SOLE 0 0 0 13,950
KROGER CO COMMON STOCK 501044101 1,886 24,600 SH   SOLE 0 0 0 24,600
LASALLE HOTEL PROPERTIES COMMON STOCK 517942108 128 3,300 SH   SOLE 0 0 0 3,300
LIBERTY PROPERTY TRUST COMMON STOCK 531172104 464 12,984 SH   SOLE 0 0 0 12,984
MACERICH CO/THE COMMON STOCK 554382101 571 6,766 SH   SOLE 0 0 0 6,766
MCCORMICK and CO-NON VTG SHRS COMMON STOCK 579780206 1,110 14,400 SH   SOLE 0 0 0 14,400
MCDONALD'S CORP COMMON STOCK 580135101 1,569 16,100 SH   SOLE 0 0 0 16,100
MCKESSON CORP COMMON STOCK 58155Q103 814 3,600 SH   SOLE 0 0 0 3,600
MEAD JOHNSON NUTRITION CO COMMON STOCK 582839106 1,649 16,400 SH   SOLE 0 0 0 16,400
MEADWESTVACO CORP COMMON STOCK 583334107 459 9,200 SH   SOLE 0 0 0 9,200
MERCK and CO. INC. COMMON STOCK 58933Y105 2,713 47,200 SH   SOLE 0 0 0 47,200
METLIFE INC COMMON STOCK 59156R108 1,036 20,500 SH   SOLE 0 0 0 20,500
MICROSOFT CORP COMMON STOCK 594918104 1,752 43,100 SH   SOLE 0 0 0 43,100
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 896 11,600 SH   SOLE 0 0 0 11,600
MONSANTO CO COMMON STOCK 61166W101 912 8,100 SH   SOLE 0 0 0 8,100
MOSAIC CO/THE COMMON STOCK 61945C103 244 5,300 SH   SOLE 0 0 0 5,300
NATIONAL OILWELL VARCO INC COMMON STOCK 637071101 680 13,600 SH   SOLE 0 0 0 13,600
NEXTERA ENERGY INC COMMON STOCK 65339F101 1,228 11,800 SH   SOLE 0 0 0 11,800
NOBLE ENERGY INC COMMON STOCK 655044105 504 10,300 SH   SOLE 0 0 0 10,300
NORFOLK SOUTHERN CORP COMMON STOCK 655844108 823 8,000 SH   SOLE 0 0 0 8,000
NU SKIN ENTERPRISES INC - A COMMON STOCK 67018T105 458 7,600 SH   SOLE 0 0 0 7,600
OCCIDENTAL PETROLEUM CORP COMMON STOCK 674599105 1,387 19,000 SH   SOLE 0 0 0 19,000
ORACLE CORP COMMON STOCK 68389X105 2,261 52,400 SH   SOLE 0 0 0 52,400
PEPSICO INC COMMON STOCK 713448108 2,295 24,000 SH   SOLE 0 0 0 24,000
PFIZER INC COMMON STOCK 717081103 3,135 90,100 SH   SOLE 0 0 0 90,100
PHILIP MORRIS INTERNATIONAL COMMON STOCK 718172109 1,702 22,600 SH   SOLE 0 0 0 22,600
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 352 20,000 SH   SOLE 0 0 0 20,000
PNC FINANCIAL SERVICES GROUP COMMON STOCK 693475105 569 6,100 SH   SOLE 0 0 0 6,100
PRAXAIR INC COMMON STOCK 74005P104 809 6,700 SH   SOLE 0 0 0 6,700
PRECISION CASTPARTS CORP COMMON STOCK 740189105 1,071 5,100 SH   SOLE 0 0 0 5,100
PRICELINE GROUP INC/THE COMMON STOCK 741503403 815 700 SH   SOLE 0 0 0 700
PROCTER and GAMBLE CO/THE COMMON STOCK 742718109 2,188 26,700 SH   SOLE 0 0 0 26,700
PUBLIC STORAGE COMMON STOCK 74460D109 1,343 6,813 SH   SOLE 0 0 0 6,813
QUALCOMM INC COMMON STOCK 747525103 1,928 27,800 SH   SOLE 0 0 0 27,800
QUANTA SERVICES INC COMMON STOCK 74762E102 1,398 49,000 SH   SOLE 0 0 0 49,000
RETAIL OPPORTUNITY INVESTMEN COMMON STOCK 76131N101 293 16,000 SH   SOLE 0 0 0 16,000
RLJ LODGING TRUST COMMON STOCK 74965L101 589 18,800 SH   SOLE 0 0 0 18,800
ROSS STORES INC COMMON STOCK 778296103 1,033 9,800 SH   SOLE 0 0 0 9,800
SABRA HEALTH CARE REIT INC COMMON STOCK 78573L106 451 13,600 SH   SOLE 0 0 0 13,600
SCHLUMBERGER LTD COMMON STOCK 806857108 1,452 17,400 SH   SOLE 0 0 0 17,400
SELECT INCOME REIT COMMON STOCK 81618T100 772 30,900 SH   SOLE 0 0 0 30,900
SENIOR HOUSING PROP TRUST COMMON STOCK 81721M109 646 29,100 SH   SOLE 0 0 0 29,100
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 2,877 14,706 SH   SOLE 0 0 0 14,706
SL GREEN REALTY CORP COMMON STOCK 78440X101 418 3,257 SH   SOLE 0 0 0 3,257
SOUTHERN CO/THE COMMON STOCK 842587107 819 18,500 SH   SOLE 0 0 0 18,500
ST JUDE MEDICAL INC COMMON STOCK 790849103 484 7,400 SH   SOLE 0 0 0 7,400
STARBUCKS CORP COMMON STOCK 855244109 1,506 15,900 SH   SOLE 0 0 0 15,900
SUMMIT HOTEL PROPERTIES INC COMMON STOCK 866082100 492 35,000 SH   SOLE 0 0 0 35,000
SUN COMMUNITIES INC COMMON STOCK 866674104 507 7,600 SH   SOLE 0 0 0 7,600
TANGER FACTORY OUTLET CENTER COMMON STOCK 875465106 756 21,500 SH   SOLE 0 0 0 21,500
TIME WARNER CABLE COMMON STOCK 88732J207 734 4,900 SH   SOLE 0 0 0 4,900
TIME WARNER INC COMMON STOCK 887317303 1,655 19,600 SH   SOLE 0 0 0 19,600
TJX COMPANIES INC COMMON STOCK 872540109 771 11,000 SH   SOLE 0 0 0 11,000
TRAVELERS COS INC/THE COMMON STOCK 89417E109 1,060 9,800 SH   SOLE 0 0 0 9,800
UDR INC COMMON STOCK 902653104 681 20,019 SH   SOLE 0 0 0 20,019
UNION PACIFIC CORP COMMON STOCK 907818108 1,354 12,500 SH   SOLE 0 0 0 12,500
UNITED PARCEL SERVICE-CL B COMMON STOCK 911312106 819 8,450 SH   SOLE 0 0 0 8,450
UNITED TECHNOLOGIES CORP COMMON STOCK 913017109 1,746 14,900 SH   SOLE 0 0 0 14,900
UNITEDHEALTH GROUP INC COMMON STOCK 91324P102 2,508 21,200 SH   SOLE 0 0 0 21,200
URBAN EDGE PROPERTIES-W/I COMMON STOCK 91704F104 54 2,268 SH   SOLE 0 0 0 2,268
URSTADT BIDDLE - CLASS A COMMON STOCK 917286205 231 10,000 SH   SOLE 0 0 0 10,000
US BANCORP COMMON STOCK 902973304 681 15,600 SH   SOLE 0 0 0 15,600
VENTAS INC COMMON STOCK 92276F100 1,326 18,162 SH   SOLE 0 0 0 18,162
VF CORP COMMON STOCK 918204108 670 8,900 SH   SOLE 0 0 0 8,900
VORNADO REALTY TRUST COMMON STOCK 929042109 788 7,037 SH   SOLE 0 0 0 7,037
WALT DISNEY CO/THE COMMON STOCK 254687106 1,930 18,400 SH   SOLE 0 0 0 18,400
WASTE MANAGEMENT INC COMMON STOCK 94106L109 700 12,900 SH   SOLE 0 0 0 12,900
WEINGARTEN REALTY INVESTORS COMMON STOCK 948741103 371 10,314 SH   SOLE 0 0 0 10,314
WELLS FARGO and CO COMMON STOCK 949746101 3,280 60,300 SH   SOLE 0 0 0 60,300
WISCONSIN ENERGY CORP COMMON STOCK 976657106 1,624 32,800 SH   SOLE 0 0 0 32,800
XCEL ENERGY INC COMMON STOCK 98389B100 498 14,300 SH   SOLE 0 0 0 14,300
ZIMMER HOLDINGS INC COMMON STOCK 98956P102 646 5,500 SH   SOLE 0 0 0 5,500