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 33,798 211,000 SH   SOLE   211,000 0 0
ABBOTT LABORATORIES ORD COMMON 002824100 25,880 237,800 SH   SOLE   237,800 0 0
ABBVIE ORD COMMON 00287Y109 37,383 426,800 SH   SOLE   426,800 0 0
ACCENTURE CL A ORD COMMON G1151C101 77,967 345,000 SH   SOLE   345,000 0 0
AIR PRODUCTS AND CHEMICALS ORD COMMON 009158106 33,777 113,400 SH   SOLE   113,400 0 0
AMERICAN TOWER REIT COMMON 03027X100 48,737 201,619 SH   SOLE   201,619 0 0
ANALOG DEVICES ORD COMMON 032654105 50,300 430,870 SH   SOLE   430,870 0 0
APPLE ORD COMMON 037833100 455,249 3,931,000 SH   SOLE   3,931,000 0 0
AT&T ORD COMMON 00206R102 15,167 532,000 SH   SOLE   532,000 0 0
AUTOMATIC DATA PROCESSING ORD COMMON 053015103 32,466 232,750 SH   SOLE   232,750 0 0
AVALONBAY COMMUNITIES REIT ORD COMMON 053484101 41,658 278,950 SH   SOLE   278,950 0 0
BAXTER INTERNATIONAL ORD COMMON 071813109 103,311 1,284,648 SH   SOLE   1,284,648 0 0
BLACKROCK ORD COMMON 09247X101 23,951 42,500 SH   SOLE   42,500 0 0
BROADCOM ORD COMMON 11135F101 95,816 263,000 SH   SOLE   263,000 0 0
CHEVRON ORD COMMON 166764100 16,128 224,000 SH   SOLE   224,000 0 0
CHUBB ORD COMMON H1467J104 42,140 362,902 SH   SOLE   362,902 0 0
CISCO SYSTEMS ORD COMMON 17275R102 100,307 2,546,500 SH   SOLE   2,546,500 0 0
CME GROUP CL A ORD COMMON 12572Q105 167,645 1,002,000 SH   SOLE   1,002,000 0 0
COMCAST CL A ORD COMMON 20030N101 30,608 661,650 SH   SOLE   661,650 0 0
DOVER ORD COMMON 260003108 86,325 796,800 SH   SOLE   796,800 0 0
DUKE ENERGY ORD COMMON 26441C204 27,454 310,000 SH   SOLE   310,000 0 0
ENBRIDGE ORD COMMON 29250N105 8,568 293,428 SH   SOLE   293,428 0 0
EXXON MOBIL ORD COMMON 30231G102 858 25,000 SH   SOLE   25,000 0 0
HASBRO ORD COMMON 418056107 22,632 273,600 SH   SOLE   273,600 0 0
HOME DEPOT ORD COMMON 437076102 117,347 422,554 SH   SOLE   422,554 0 0
HONEYWELL INTERNATIONAL ORD COMMON 438516106 137,861 837,500 SH   SOLE   837,500 0 0
INTERNATIONAL BUSINESS MACHINES ORD COMMON 459200101 33,788 277,700 SH   SOLE   277,700 0 0
JOHNSON & JOHNSON ORD COMMON 478160104 29,925 201,000 SH   SOLE   201,000 0 0
JPMORGAN CHASE ORD COMMON 46625H100 8,664 90,000 SH   SOLE   90,000 0 0
LYONDELLBASELL INDUSTRIES CL A ORD COMMON N53745100 15,648 221,991 SH   SOLE   221,991 0 0
MCDONALD'S ORD COMMON 580135101 98,252 447,638 SH   SOLE   447,638 0 0
MICROSOFT ORD COMMON 594918104 194,555 925,000 SH   SOLE   925,000 0 0
MONDELEZ INTERNATIONAL CL A ORD COMMON 609207105 60,208 1,048,000 SH   SOLE   1,048,000 0 0
NORFOLK SOUTHERN ORD COMMON 655844108 125,759 587,687 SH   SOLE   587,687 0 0
PEPSICO ORD COMMON 713448108 17,672 127,500 SH   SOLE   127,500 0 0
PFIZER ORD COMMON 717081103 21,253 579,100 SH   SOLE   579,100 0 0
PHILIP MORRIS INTERNATIONAL ORD COMMON 718172109 94,979 1,266,562 SH   SOLE   1,266,562 0 0
PINNACLE WEST ORD COMMON 723484101 14,422 193,460 SH   SOLE   193,460 0 0
PNC FINANCIAL SERVICES GROUP ORD COMMON 693475105 59,681 543,000 SH   SOLE   543,000 0 0
PROCTER & GAMBLE ORD COMMON 742718109 6,936 49,900 SH   SOLE   49,900 0 0
PROLOGIS REIT COMMON 74340W103 59,366 590,000 SH   SOLE   590,000 0 0
QUALCOMM ORD COMMON 747525103 112,679 957,500 SH   SOLE   957,500 0 0
RAYTHEON TECHNOLOGIES ORD COMMON 75513E101 2,704 47,000 SH   SOLE   47,000 0 0
RPM ORD COMMON 749685103 68,320 824,725 SH   SOLE   824,725 0 0
SNAP ON ORD COMMON 833034101 46,900 318,764 SH   SOLE   318,764 0 0
TJX ORD COMMON 872540109 48,221 866,500 SH   SOLE   866,500 0 0
UNITEDHEALTH GRP ORD COMMON 91324P102 146,165 468,822 SH   SOLE   468,822 0 0
US BANCORP ORD COMMON 902973304 14,878 415,000 SH   SOLE   415,000 0 0
VALERO ENERGY ORD COMMON 91913Y100 31,257 721,540 SH   SOLE   721,540 0 0
VERIZON COMMUNICATIONS ORD COMMON 92343V104 28,954 486,700 SH   SOLE   486,700 0 0
VF ORD COMMON 918204108 79,708 1,134,630 SH   SOLE   1,134,630 0 0
WALT DISNEY ORD COMMON 254687106 26,057 210,000 SH   SOLE   210,000 0 0