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 ORD COMMON 88579Y101 32,914 211,000 SH   SOLE   211,000 0 0
ABBOTT LABORATORIES ORD COMMON 002824100 21,742 237,800 SH   SOLE   237,800 0 0
ABBVIE ORD COMMON 00287Y109 41,903 426,800 SH   SOLE   426,800 0 0
ACCENTURE CL A ORD COMMON G1151C101 74,078 345,000 SH   SOLE   345,000 0 0
AIR PRODUCTS AND CHEMICALS ORD COMMON 009158106 27,382 113,400 SH   SOLE   113,400 0 0
AMERICAN TOWER REIT COMMON 03027X100 52,127 201,619 SH   SOLE   201,619 0 0
ANALOG DEVICES ORD COMMON 032654105 51,419 419,270 SH   SOLE   419,270 0 0
APPLE ORD COMMON 037833100 426,451 1,169,000 SH   SOLE   1,169,000 0 0
AT&T ORD COMMON 00206R102 16,082 532,000 SH   SOLE   532,000 0 0
AUTOMATIC DATA PROCESSING ORD COMMON 053015103 3,834 25,750 SH   SOLE   25,750 0 0
AVALONBAY COMMUNITIES REIT ORD COMMON 053484101 28,384 183,550 SH   SOLE   183,550 0 0
BAXTER INTERNATIONAL ORD COMMON 071813109 84,993 987,148 SH   SOLE   987,148 0 0
BLACKROCK ORD COMMON 09247X101 23,124 42,500 SH   SOLE   42,500 0 0
BROADCOM ORD COMMON 11135F101 83,005 263,000 SH   SOLE   263,000 0 0
CHEVRON ORD COMMON 166764100 19,988 224,000 SH   SOLE   224,000 0 0
CHUBB ORD COMMON H1467J104 33,289 262,902 SH   SOLE   262,902 0 0
CISCO SYSTEMS ORD COMMON 17275R102 114,105 2,446,500 SH   SOLE   2,446,500 0 0
CME GROUP CL A ORD COMMON 12572Q105 162,865 1,002,000 SH   SOLE   1,002,000 0 0
COMCAST CL A ORD COMMON 20030N101 25,791 661,650 SH   SOLE   661,650 0 0
DOVER ORD COMMON 260003108 76,939 796,800 SH   SOLE   796,800 0 0
DUKE ENERGY ORD COMMON 26441C204 24,766 310,000 SH   SOLE   310,000 0 0
ENBRIDGE ORD COMMON 29250N105 8,926 293,428 SH   SOLE   293,428 0 0
EXXON MOBIL ORD COMMON 30231G102 1,118 25,000 SH   SOLE   25,000 0 0
HASBRO ORD COMMON 418056107 20,506 273,600 SH   SOLE   273,600 0 0
HOME DEPOT ORD COMMON 437076102 105,854 422,554 SH   SOLE   422,554 0 0
HONEYWELL INTERNATIONAL ORD COMMON 438516106 121,094 837,500 SH   SOLE   837,500 0 0
INTERNATIONAL BUSINESS MACHINES ORD COMMON 459200101 33,538 277,700 SH   SOLE   277,700 0 0
JOHNSON & JOHNSON ORD COMMON 478160104 28,126 200,000 SH   SOLE   200,000 0 0
JPMORGAN CHASE ORD COMMON 46625H100 8,465 90,000 SH   SOLE   90,000 0 0
LYONDELLBASELL INDUSTRIES CL A ORD COMMON N53745100 11,698 177,991 SH   SOLE   177,991 0 0
MCDONALD'S ORD COMMON 580135101 82,576 447,638 SH   SOLE   447,638 0 0
MICROSOFT ORD COMMON 594918104 189,865 932,950 SH   SOLE   932,950 0 0
MONDELEZ INTERNATIONAL CL A ORD COMMON 609207105 46,426 908,000 SH   SOLE   908,000 0 0
NORFOLK SOUTHERN ORD COMMON 655844108 103,180 587,687 SH   SOLE   587,687 0 0
OTIS WORLDWIDE ORD COMMON 68902V107 1,336 23,500 SH   SOLE   23,500 0 0
PEPSICO ORD COMMON 713448108 16,863 127,500 SH   SOLE   127,500 0 0
PFIZER ORD COMMON 717081103 13,901 425,100 SH   SOLE   425,100 0 0
PHILIP MORRIS INTERNATIONAL ORD COMMON 718172109 57,839 825,562 SH   SOLE   825,562 0 0
PNC FINANCIAL SERVICES GROUP ORD COMMON 693475105 57,129 543,000 SH   SOLE   543,000 0 0
PROCTER & GAMBLE ORD COMMON 742718109 5,967 49,900 SH   SOLE   49,900 0 0
PROLOGIS REIT COMMON 74340W103 55,065 590,000 SH   SOLE   590,000 0 0
QUALCOMM ORD COMMON 747525103 87,334 957,500 SH   SOLE   957,500 0 0
RAYTHEON TECHNOLOGIES ORD COMMON 75513E101 2,896 47,000 SH   SOLE   47,000 0 0
RPM ORD COMMON 749685103 61,904 824,725 SH   SOLE   824,725 0 0
SNAP ON ORD COMMON 833034101 38,473 277,764 SH   SOLE   277,764 0 0
TJX ORD COMMON 872540109 43,810 866,500 SH   SOLE   866,500 0 0
UNITEDHEALTH GRP ORD COMMON 91324P102 138,279 468,822 SH   SOLE   468,822 0 0
US BANCORP ORD COMMON 902973304 15,280 415,000 SH   SOLE   415,000 0 0
VALERO ENERGY ORD COMMON 91913Y100 42,441 721,540 SH   SOLE   721,540 0 0
VERIZON COMMUNICATIONS ORD COMMON 92343V104 26,832 486,700 SH   SOLE   486,700 0 0
VF ORD COMMON 918204108 69,144 1,134,630 SH   SOLE   1,134,630 0 0
WALT DISNEY ORD COMMON 254687106 60,438 542,000 SH   SOLE   542,000 0 0