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 1,698 11,003 SH   SOLE 0 0 0 11,003
ABBOTT LABORATORIES COMMON STOCK 002824100 677 13,800 SH   SOLE 0 0 0 13,800
ABBVIE INC COMMON STOCK 00287Y109 1,317 19,600 SH   SOLE 0 0 0 19,600
ACCENTURE PLC-CL A COMMON STOCK 000000000 1,244 12,850 SH   SOLE 0 0 0 12,850
AFLAC INC COMMON STOCK 001055102 647 10,400 SH   SOLE 0 0 0 10,400
AGILENT TECHNOLOGIES INC COMMON STOCK 00846U101 725 18,800 SH   SOLE 0 0 0 18,800
AGREE REALTY CORP COMMON STOCK 008492100 380 13,040 SH   SOLE 0 0 0 13,040
AIRGAS INC COMMON STOCK 009363102 772 7,300 SH   SOLE 0 0 0 7,300
ALEXANDRIA REAL ESTATE EQUIT COMMON STOCK 015271109 617 7,050 SH   SOLE 0 0 0 7,050
ALLERGAN PLC COMMON STOCK 000000000 1,305 4,300 SH   SOLE 0 0 0 4,300
ALTRIA GROUP INC COMMON STOCK 02209S103 1,056 21,600 SH   SOLE 0 0 0 21,600
AMERICAN REALTY CAPITAL PROP COMMON STOCK 02917T104 447 55,000 SH   SOLE 0 0 0 55,000
AMERIPRISE FINANCIAL INC COMMON STOCK 03076C106 462 3,700 SH   SOLE 0 0 0 3,700
AMGEN INC COMMON STOCK 031162100 2,334 15,200 SH   SOLE 0 0 0 15,200
ANADARKO PETROLEUM CORP COMMON STOCK 032511107 0 0 SH   SOLE 0 0 0 0
APPLE INC COMMON STOCK 037833100 3,562 28,400 SH   SOLE 0 0 0 28,400
APPLIED MATERIALS INC COMMON STOCK 038222105 573 29,800 SH   SOLE 0 0 0 29,800
ASSOCIATED ESTATES REALTY CP COMMON STOCK 045604105 467 16,300 SH   SOLE 0 0 0 16,300
AVALONBAY COMMUNITIES INC COMMON STOCK 053484101 1,008 6,302 SH   SOLE 0 0 0 6,302
BANK OF AMERICA CORP COMMON STOCK 060505104 851 50,000 SH   SOLE 0 0 0 50,000
BANK OF NEW YORK MELLON CORP COMMON STOCK 064058100 831 19,800 SH   SOLE 0 0 0 19,800
BAXTER INTERNATIONAL INC COMMON STOCK 071813109 622 8,900 SH   SOLE 0 0 0 8,900
BIOGEN IDEC INC COMMON STOCK 09062X103 2,262 5,600 SH   SOLE 0 0 0 5,600
BIOMED REALTY TRUST INC COMMON STOCK 09063H107 503 26,000 SH   SOLE 0 0 0 26,000
BORGWARNER INC COMMON STOCK 099724106 273 4,800 SH   SOLE 0 0 0 4,800
BOSTON PROPERTIES INC COMMON STOCK 101121101 462 3,814 SH   SOLE 0 0 0 3,814
BRANDYWINE REALTY TRUST COMMON STOCK 105368203 392 29,500 SH   SOLE 0 0 0 29,500
BRISTOL-MYERS SQUIBB CO COMMON STOCK 110122108 1,710 25,700 SH   SOLE 0 0 0 25,700
CAMDEN PROPERTY TRUST COMMON STOCK 133131102 693 9,331 SH   SOLE 0 0 0 9,331
CAMPUS CREST COMMUNITIES INC COMMON STOCK 13466Y105 471 85,000 SH   SOLE 0 0 0 85,000
CELGENE CORP COMMON STOCK 151020104 833 7,200 SH   SOLE 0 0 0 7,200
CF Industries Holdings INC COMMON STOCK 125269100 1,157 18,000 SH   SOLE 0 0 0 18,000
CHAMBERS STREET PROPERTIES COMMON STOCK 157842105 239 30,000 SH   SOLE 0 0 0 30,000
CHESAPEAKE LODGING TRUST COMMON STOCK 165240102 259 8,500 SH   SOLE 0 0 0 8,500
CISCO SYSTEMS INC COMMON STOCK 17275R102 1,159 42,200 SH   SOLE 0 0 0 42,200
CITIGROUP INC COMMON STOCK 172967424 2,132 38,600 SH   SOLE 0 0 0 38,600
COACH INC COMMON STOCK 189754101 298 8,600 SH   SOLE 0 0 0 8,600
COCA-COLA CO/THE COMMON STOCK 191216100 1,189 30,300 SH   SOLE 0 0 0 30,300
COGNIZANT TECH SOLUTIONS-A COMMON STOCK 192446102 1,985 32,500 SH   SOLE 0 0 0 32,500
COLGATE-PALMOLIVE CO COMMON STOCK 194162103 3,081 47,100 SH   SOLE 0 0 0 47,100
COMCAST CORP-CLASS A COMMON STOCK 20030N101 1,570 26,200 SH   SOLE 0 0 0 26,200
CONOCOPHILLIPS COMMON STOCK 20825C104 725 11,800 SH   SOLE 0 0 0 11,800
COSTCO WHOLESALE CORP COMMON STOCK 22160K105 932 6,900 SH   SOLE 0 0 0 6,900
CVS HEALTH CORPORATION COMMON STOCK 126650100 1,772 16,900 SH   SOLE 0 0 0 16,900
CYRUSONE INC COMMON STOCK 23283R100 418 14,200 SH   SOLE 0 0 0 14,200
DCT INDUSTRIAL TRUST INC COMMON STOCK 233153105 348 11,062 SH   SOLE 0 0 0 11,062
DEERE and CO COMMON STOCK 244199105 815 8,400 SH   SOLE 0 0 0 8,400
DELPHI AUTOMOTIVE PLC COMMON STOCK 000000000 1,055 12,400 SH   SOLE 0 0 0 12,400
DEVON ENERGY CORPORATION COMMON STOCK 25179M103 428 7,200 SH   SOLE 0 0 0 7,200
DIGITAL REALTY TRUST INC COMMON STOCK 253868103 830 12,450 SH   SOLE 0 0 0 12,450
DOLLAR TREE INC COMMON STOCK 256746108 837 10,600 SH   SOLE 0 0 0 10,600
DU PONT (E.I.) DE NEMOURS COMMON STOCK 263534109 441 6,900 SH   SOLE 0 0 0 6,900
DUKE REALTY CORP COMMON STOCK 264411505 663 35,707 SH   SOLE 0 0 0 35,707
DUPONT FABROS TECHNOLOGY COMMON STOCK 26613Q106 604 20,500 SH   SOLE 0 0 0 20,500
EASTGROUP PROPERTIES INC COMMON STOCK 277276101 534 9,500 SH   SOLE 0 0 0 9,500
EASTMAN CHEMICAL CO COMMON STOCK 277432100 1,088 13,300 SH   SOLE 0 0 0 13,300
EBAY INC COMMON STOCK 278642103 825 13,700 SH   SOLE 0 0 0 13,700
ECOLAB INC COMMON STOCK 278865100 882 7,800 SH   SOLE 0 0 0 7,800
ELI LILLY and CO COMMON STOCK 532457108 1,469 17,600 SH   SOLE 0 0 0 17,600
EMC CORP/MA COMMON STOCK 268648102 401 15,200 SH   SOLE 0 0 0 15,200
EMERSON ELECTRIC CO COMMON STOCK 291011104 338 6,100 SH   SOLE 0 0 0 6,100
EPR PROPERTIES COMMON STOCK 26884U109 537 9,800 SH   SOLE 0 0 0 9,800
EQUITY LIFESTYLE PROPERTIES COMMON STOCK 29472R108 552 10,500 SH   SOLE 0 0 0 10,500
EQUITY RESIDENTIAL COMMON STOCK 29476L107 733 10,453 SH   SOLE 0 0 0 10,453
ESSEX PROPERTY TRUST INC COMMON STOCK 297178105 106 500 SH   SOLE 0 0 0 500
ESTEE LAUDER COMPANIES-CL A COMMON STOCK 518439104 979 11,300 SH   SOLE 0 0 0 11,300
EXXON MOBIL CORP COMMON STOCK 30231G102 2,563 30,800 SH   SOLE 0 0 0 30,800
FMC CORP COMMON STOCK 302491303 1,403 26,700 SH   SOLE 0 0 0 26,700
FOSSIL GROUP INC COMMON STOCK 34988V106 333 4,800 SH   SOLE 0 0 0 4,800
FRANKLIN RESOURCES INC COMMON STOCK 354613101 745 15,200 SH   SOLE 0 0 0 15,200
GAMING AND LEISURE PROPERTIE COMMON STOCK 36467J108 532 14,500 SH   SOLE 0 0 0 14,500
GENERAL ELECTRIC CO COMMON STOCK 369604103 3,082 116,000 SH   SOLE 0 0 0 116,000
GENERAL GROWTH PROPERTIES COMMON STOCK 370023103 411 16,000 SH   SOLE 0 0 0 16,000
GENERAL MILLS INC COMMON STOCK 370334104 1,198 21,500 SH   SOLE 0 0 0 21,500
GILEAD SCIENCES INC COMMON STOCK 375558103 2,868 24,500 SH   SOLE 0 0 0 24,500
GOOGLE INC-CL A COMMON STOCK 38259P508 1,404 2,600 SH   SOLE 0 0 0 2,600
GOOGLE INC-CL C COMMON STOCK 38259P706 1,357 2,607 SH   SOLE 0 0 0 2,607
HALLIBURTON CO COMMON STOCK 406216101 771 17,900 SH   SOLE 0 0 0 17,900
HCP INC COMMON STOCK 40414L109 1,021 28,007 SH   SOLE 0 0 0 28,007
HEALTH CARE REIT INC COMMON STOCK 42217K106 410 6,247 SH   SOLE 0 0 0 6,247
HEALTHCARE REALTY TRUST INC COMMON STOCK 421946104 95 4,082 SH   SOLE 0 0 0 4,082
HERSHEY CO/THE COMMON STOCK 427866108 933 10,500 SH   SOLE 0 0 0 10,500
HESS CORP COMMON STOCK 42809H107 1,338 20,000 SH   SOLE 0 0 0 20,000
HIGHWOODS PROPERTIES INC COMMON STOCK 431284108 336 8,398 SH   SOLE 0 0 0 8,398
HOME DEPOT INC COMMON STOCK 437076102 2,423 21,800 SH   SOLE 0 0 0 21,800
HOME PROPERTIES INC COMMON STOCK 437306103 851 11,650 SH   SOLE 0 0 0 11,650
HOSPITALITY PROPERTIES TRUST COMMON STOCK 44106M102 584 20,266 SH   SOLE 0 0 0 20,266
HOST HOTELS and RESORTS INC COMMON STOCK 44107P104 701 35,343 SH   SOLE 0 0 0 35,343
INLAND REAL ESTATE CORP COMMON STOCK 457461200 513 54,500 SH   SOLE 0 0 0 54,500
INTEL CORP COMMON STOCK 458140100 1,405 46,200 SH   SOLE 0 0 0 46,200
INTL BUSINESS MACHINES CORP COMMON STOCK 459200101 2,017 12,400 SH   SOLE 0 0 0 12,400
JOHNSON and JOHNSON COMMON STOCK 478160104 3,245 33,300 SH   SOLE 0 0 0 33,300
JOY GLOBAL INC COMMON STOCK 481165108 145 4,000 SH   SOLE 0 0 0 4,000
JPMORGAN CHASE and CO COMMON STOCK 46625H100 3,374 49,800 SH   SOLE 0 0 0 49,800
KELLOGG CO COMMON STOCK 487836108 1,060 16,900 SH   SOLE 0 0 0 16,900
KIMBERLY-CLARK CORP COMMON STOCK 494368103 954 9,000 SH   SOLE 0 0 0 9,000
KIMCO REALTY CORP COMMON STOCK 49446R109 457 20,295 SH   SOLE 0 0 0 20,295
KRAFT FOODS GROUP INC COMMON STOCK 50076Q106 1,188 13,950 SH   SOLE 0 0 0 13,950
KROGER CO COMMON STOCK 501044101 1,784 24,600 SH   SOLE 0 0 0 24,600
LASALLE HOTEL PROPERTIES COMMON STOCK 517942108 117 3,300 SH   SOLE 0 0 0 3,300
LIBERTY PROPERTY TRUST COMMON STOCK 531172104 418 12,984 SH   SOLE 0 0 0 12,984
MACERICH CO/THE COMMON STOCK 554382101 505 6,766 SH   SOLE 0 0 0 6,766
MARSH and MCLENNAN COS COMMON STOCK 571748102 765 13,500 SH   SOLE 0 0 0 13,500
MCCORMICK and CO-NON VTG SHRS COMMON STOCK 579780206 1,166 14,400 SH   SOLE 0 0 0 14,400
MCDONALD'S CORP COMMON STOCK 580135101 1,531 16,100 SH   SOLE 0 0 0 16,100
MCKESSON CORP COMMON STOCK 58155Q103 809 3,600 SH   SOLE 0 0 0 3,600
MEAD JOHNSON NUTRITION CO COMMON STOCK 582839106 1,480 16,400 SH   SOLE 0 0 0 16,400
MEADWESTVACO CORP COMMON STOCK 583334107 434 9,200 SH   SOLE 0 0 0 9,200
MERCK and CO. INC. COMMON STOCK 58933Y105 2,687 47,200 SH   SOLE 0 0 0 47,200
METLIFE INC COMMON STOCK 59156R108 1,148 20,500 SH   SOLE 0 0 0 20,500
MICROSOFT CORP COMMON STOCK 594918104 1,903 43,100 SH   SOLE 0 0 0 43,100
MID-AMERICA APARTMENT COMM COMMON STOCK 59522J103 845 11,600 SH   SOLE 0 0 0 11,600
MONSANTO CO COMMON STOCK 61166W101 863 8,100 SH   SOLE 0 0 0 8,100
MOSAIC CO/THE COMMON STOCK 61945C103 248 5,300 SH   SOLE 0 0 0 5,300
NATIONAL OILWELL VARCO INC COMMON STOCK 637071101 657 13,600 SH   SOLE 0 0 0 13,600
NEXTERA ENERGY INC COMMON STOCK 65339F101 1,157 11,800 SH   SOLE 0 0 0 11,800
NOBLE ENERGY INC COMMON STOCK 655044105 440 10,300 SH   SOLE 0 0 0 10,300
NORFOLK SOUTHERN CORP COMMON STOCK 655844108 699 8,000 SH   SOLE 0 0 0 8,000
NU SKIN ENTERPRISES INC - A COMMON STOCK 67018T105 358 7,600 SH   SOLE 0 0 0 7,600
OCCIDENTAL PETROLEUM CORP COMMON STOCK 674599105 1,478 19,000 SH   SOLE 0 0 0 19,000
ORACLE CORP COMMON STOCK 68389X105 2,112 52,400 SH   SOLE 0 0 0 52,400
PEPSICO INC COMMON STOCK 713448108 2,240 24,000 SH   SOLE 0 0 0 24,000
PFIZER INC COMMON STOCK 717081103 2,250 67,100 SH   SOLE 0 0 0 67,100
PHILIP MORRIS INTERNATIONAL COMMON STOCK 718172109 1,812 22,600 SH   SOLE 0 0 0 22,600
PHYSICIANS REALTY TRUST COMMON STOCK 71943U104 307 20,000 SH   SOLE 0 0 0 20,000
PNC FINANCIAL SERVICES GROUP COMMON STOCK 693475105 583 6,100 SH   SOLE 0 0 0 6,100
PRAXAIR INC COMMON STOCK 74005P104 801 6,700 SH   SOLE 0 0 0 6,700
PRECISION CASTPARTS CORP COMMON STOCK 740189105 1,019 5,100 SH   SOLE 0 0 0 5,100
PRICELINE GROUP INC/THE COMMON STOCK 741503403 806 700 SH   SOLE 0 0 0 700
PROCTER and GAMBLE CO/THE COMMON STOCK 742718109 2,089 26,700 SH   SOLE 0 0 0 26,700
PUBLIC STORAGE COMMON STOCK 74460D109 1,256 6,813 SH   SOLE 0 0 0 6,813
QUALCOMM INC COMMON STOCK 747525103 1,741 27,800 SH   SOLE 0 0 0 27,800
QUANTA SERVICES INC COMMON STOCK 74762E102 1,412 49,000 SH   SOLE 0 0 0 49,000
RETAIL OPPORTUNITY INVESTMEN COMMON STOCK 76131N101 250 16,000 SH   SOLE 0 0 0 16,000
RLJ LODGING TRUST COMMON STOCK 74965L101 560 18,800 SH   SOLE 0 0 0 18,800
ROSS STORES INC COMMON STOCK 778296103 953 19,600 SH   SOLE 0 0 0 19,600
SABRA HEALTH CARE REIT INC COMMON STOCK 78573L106 350 13,600 SH   SOLE 0 0 0 13,600
SCHLUMBERGER LTD COMMON STOCK 806857108 1,500 17,400 SH   SOLE 0 0 0 17,400
SELECT INCOME REIT COMMON STOCK 81618T100 638 30,900 SH   SOLE 0 0 0 30,900
SENIOR HOUSING PROP TRUST COMMON STOCK 81721M109 511 29,100 SH   SOLE 0 0 0 29,100
SIMON PROPERTY GROUP INC COMMON STOCK 828806109 2,544 14,706 SH   SOLE 0 0 0 14,706
SL GREEN REALTY CORP COMMON STOCK 78440X101 358 3,257 SH   SOLE 0 0 0 3,257
SOUTHERN CO/THE COMMON STOCK 842587107 775 18,500 SH   SOLE 0 0 0 18,500
ST JUDE MEDICAL INC COMMON STOCK 790849103 541 7,400 SH   SOLE 0 0 0 7,400
STAG INDUSTRIAL INC COMMON STOCK 85254J102 350 17,500 SH   SOLE 0 0 0 17,500
STARBUCKS CORP COMMON STOCK 855244109 1,705 31,800 SH   SOLE 0 0 0 31,800
SUMMIT HOTEL PROPERTIES INC COMMON STOCK 866082100 455 35,000 SH   SOLE 0 0 0 35,000
SUN COMMUNITIES INC COMMON STOCK 866674104 346 5,600 SH   SOLE 0 0 0 5,600
TANGER FACTORY OUTLET CENTER COMMON STOCK 875465106 682 21,500 SH   SOLE 0 0 0 21,500
TIME WARNER CABLE COMMON STOCK 88732J207 873 4,900 SH   SOLE 0 0 0 4,900
TIME WARNER INC COMMON STOCK 887317303 1,713 19,600 SH   SOLE 0 0 0 19,600
TJX COMPANIES INC COMMON STOCK 872540109 728 11,000 SH   SOLE 0 0 0 11,000
TRAVELERS COS INC/THE COMMON STOCK 89417E109 947 9,800 SH   SOLE 0 0 0 9,800
UDR INC COMMON STOCK 902653104 641 20,019 SH   SOLE 0 0 0 20,019
UNION PACIFIC CORP COMMON STOCK 907818108 1,192 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 1,653 14,900 SH   SOLE 0 0 0 14,900
UNITEDHEALTH GROUP INC COMMON STOCK 91324P102 2,586 21,200 SH   SOLE 0 0 0 21,200
URSTADT BIDDLE - CLASS A COMMON STOCK 917286205 187 10,000 SH   SOLE 0 0 0 10,000
US BANCORP COMMON STOCK 902973304 677 15,600 SH   SOLE 0 0 0 15,600
VENTAS INC COMMON STOCK 92276F100 1,128 18,162 SH   SOLE 0 0 0 18,162
VF CORP COMMON STOCK 918204108 621 8,900 SH   SOLE 0 0 0 8,900
VORNADO REALTY TRUST COMMON STOCK 929042109 668 7,037 SH   SOLE 0 0 0 7,037
WALT DISNEY CO/THE COMMON STOCK 254687106 2,100 18,400 SH   SOLE 0 0 0 18,400
WASTE MANAGEMENT INC COMMON STOCK 94106L109 598 12,900 SH   SOLE 0 0 0 12,900
WEC Energy Group COMMON STOCK 92939U106 1,475 32,800 SH   SOLE 0 0 0 32,800
WEINGARTEN REALTY INVESTORS COMMON STOCK 948741103 337 10,314 SH   SOLE 0 0 0 10,314
WELLS FARGO and CO COMMON STOCK 949746101 3,391 60,300 SH   SOLE 0 0 0 60,300
XCEL ENERGY INC COMMON STOCK 98389B100 460 14,300 SH   SOLE 0 0 0 14,300
ZIMMER BIOMET HOLDINGS INC COMMON STOCK 98956P102 601 5,500 SH   SOLE 0 0 0 5,500