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 40,655 211,000 SH   SOLE   211,000 0 0
ABBOTT LABORATORIES ORD COMMON 002824100 28,498 237,800 SH   SOLE   237,800 0 0
ABBVIE ORD COMMON 00287Y109 55,928 516,800 SH   SOLE   516,800 0 0
ACCENTURE CL A ORD COMMON G1151C101 95,306 345,000 SH   SOLE   345,000 0 0
AIR PRODUCTS AND CHEMICALS ORD COMMON 009158106 35,280 125,400 SH   SOLE   125,400 0 0
AMERICAN TOWER REIT COMMON 03027X100 48,199 201,619 SH   SOLE   201,619 0 0
ANALOG DEVICES ORD COMMON 032654105 66,819 430,870 SH   SOLE   430,870 0 0
APPLE ORD COMMON 037833100 480,172 3,931,000 SH   SOLE   3,931,000 0 0
AT&T ORD COMMON 00206R102 16,104 532,000 SH   SOLE   532,000 0 0
AUTOMATIC DATA PROCESSING ORD COMMON 053015103 43,866 232,750 SH   SOLE   232,750 0 0
AVALONBAY COMMUNITIES REIT ORD COMMON 053484101 28,304 153,400 SH   SOLE   153,400 0 0
BAXTER INTERNATIONAL ORD COMMON 071813109 113,408 1,344,648 SH   SOLE   1,344,648 0 0
BLACKROCK ORD COMMON 09247X101 32,043 42,500 SH   SOLE   42,500 0 0
BROADCOM ORD COMMON 11135F101 121,943 263,000 SH   SOLE   263,000 0 0
CHEVRON ORD COMMON 166764100 23,473 224,000 SH   SOLE   224,000 0 0
CHUBB ORD COMMON H1467J104 57,328 362,902 SH   SOLE   362,902 0 0
CISCO SYSTEMS ORD COMMON 17275R102 131,680 2,546,500 SH   SOLE   2,546,500 0 0
CME GROUP CL A ORD COMMON 12572Q105 204,638 1,002,000 SH   SOLE   1,002,000 0 0
COMCAST CL A ORD COMMON 20030N101 38,237 706,650 SH   SOLE   706,650 0 0
DOVER ORD COMMON 260003108 109,265 796,800 SH   SOLE   796,800 0 0
DUKE ENERGY ORD COMMON 26441C204 29,924 310,000 SH   SOLE   310,000 0 0
ENBRIDGE ORD COMMON 29250N105 10,681 293,428 SH   SOLE   293,428 0 0
EXXON MOBIL ORD COMMON 30231G102 1,396 25,000 SH   SOLE   25,000 0 0
HASBRO ORD COMMON 418056107 26,298 273,600 SH   SOLE   273,600 0 0
HOME DEPOT ORD COMMON 437076102 128,985 422,554 SH   SOLE   422,554 0 0
HONEYWELL INTERNATIONAL ORD COMMON 438516106 181,796 837,500 SH   SOLE   837,500 0 0
INTERNATIONAL BUSINESS MACHINES ORD COMMON 459200101 37,006 277,700 SH   SOLE   277,700 0 0
JOHNSON & JOHNSON ORD COMMON 478160104 33,034 201,000 SH   SOLE   201,000 0 0
JPMORGAN CHASE ORD COMMON 46625H100 13,701 90,000 SH   SOLE   90,000 0 0
LYONDELLBASELL INDUSTRIES CL A ORD COMMON N53745100 23,098 221,991 SH   SOLE   221,991 0 0
MCDONALD'S ORD COMMON 580135101 100,334 447,638 SH   SOLE   447,638 0 0
MICROSOFT ORD COMMON 594918104 218,087 925,000 SH   SOLE   925,000 0 0
MONDELEZ INTERNATIONAL CL A ORD COMMON 609207105 84,751 1,448,000 SH   SOLE   1,448,000 0 0
NORFOLK SOUTHERN ORD COMMON 655844108 157,806 587,687 SH   SOLE   587,687 0 0
PEPSICO ORD COMMON 713448108 18,035 127,500 SH   SOLE   127,500 0 0
PFIZER ORD COMMON 717081103 20,981 579,100 SH   SOLE   579,100 0 0
PHILIP MORRIS INTERNATIONAL ORD COMMON 718172109 112,395 1,266,562 SH   SOLE   1,266,562 0 0
PINNACLE WEST ORD COMMON 723484101 15,738 193,460 SH   SOLE   193,460 0 0
PNC FINANCIAL SERVICES GROUP ORD COMMON 693475105 95,248 543,000 SH   SOLE   543,000 0 0
PROCTER & GAMBLE ORD COMMON 742718109 6,758 49,900 SH   SOLE   49,900 0 0
PROLOGIS REIT COMMON 74340W103 62,540 590,000 SH   SOLE   590,000 0 0
QUALCOMM ORD COMMON 747525103 126,955 957,500 SH   SOLE   957,500 0 0
RAYTHEON TECHNOLOGIES ORD COMMON 75513E101 3,632 47,000 SH   SOLE   47,000 0 0
RPM ORD COMMON 749685103 75,751 824,725 SH   SOLE   824,725 0 0
SNAP ON ORD COMMON 833034101 73,552 318,764 SH   SOLE   318,764 0 0
TJX ORD COMMON 872540109 57,319 866,500 SH   SOLE   866,500 0 0
UNITEDHEALTH GRP ORD COMMON 91324P102 174,435 468,822 SH   SOLE   468,822 0 0
US BANCORP ORD COMMON 902973304 22,954 415,000 SH   SOLE   415,000 0 0
VALERO ENERGY ORD COMMON 91913Y100 51,662 721,540 SH   SOLE   721,540 0 0
VERIZON COMMUNICATIONS ORD COMMON 92343V104 28,302 486,700 SH   SOLE   486,700 0 0
VF ORD COMMON 918204108 90,680 1,134,630 SH   SOLE   1,134,630 0 0
VIATRIS ORD COMMON 92556V106 1,004 71,854 SH   SOLE   71,854 0 0