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 41,911 211,000 SH   SOLE   211,000 0 0
ABBOTT LABORATORIES ORD COMMON 002824100 27,568 237,800 SH   SOLE   237,800 0 0
ABBVIE ORD COMMON 00287Y109 60,690 538,800 SH   SOLE   538,800 0 0
ACCENTURE CL A ORD COMMON G1151C101 101,703 345,000 SH   SOLE   345,000 0 0
AIR PRODUCTS AND CHEMICALS ORD COMMON 009158106 36,075 125,400 SH   SOLE   125,400 0 0
AMERICAN TOWER REIT COMMON 03027X100 54,465 201,619 SH   SOLE   201,619 0 0
ANALOG DEVICES ORD COMMON 032654105 74,179 430,870 SH   SOLE   430,870 0 0
APPLE ORD COMMON 037833100 538,390 3,931,000 SH   SOLE   3,931,000 0 0
AT&T ORD COMMON 00206R102 15,311 532,000 SH   SOLE   532,000 0 0
AUTOMATIC DATA PROCESSING ORD COMMON 053015103 46,229 232,750 SH   SOLE   232,750 0 0
AVALONBAY COMMUNITIES REIT ORD COMMON 053484101 32,013 153,400 SH   SOLE   153,400 0 0
BAXTER INTERNATIONAL ORD COMMON 071813109 108,244 1,344,648 SH   SOLE   1,344,648 0 0
BLACKROCK ORD COMMON 09247X101 37,186 42,500 SH   SOLE   42,500 0 0
BROADCOM ORD COMMON 11135F101 127,936 268,300 SH   SOLE   268,300 0 0
CHEVRON ORD COMMON 166764100 23,462 224,000 SH   SOLE   224,000 0 0
CHUBB ORD COMMON H1467J104 57,680 362,902 SH   SOLE   362,902 0 0
CISCO SYSTEMS ORD COMMON 17275R102 134,965 2,546,500 SH   SOLE   2,546,500 0 0
CME GROUP CL A ORD COMMON 12572Q105 213,105 1,002,000 SH   SOLE   1,002,000 0 0
COMCAST CL A ORD COMMON 20030N101 40,293 706,650 SH   SOLE   706,650 0 0
DOVER ORD COMMON 260003108 119,998 796,800 SH   SOLE   796,800 0 0
DUKE ENERGY ORD COMMON 26441C204 30,603 310,000 SH   SOLE   310,000 0 0
ENBRIDGE ORD COMMON 29250N105 11,749 293,428 SH   SOLE   293,428 0 0
ESTEE LAUDER CL A ORD COMMON 518439104 1,272 4,000 SH   SOLE   4,000 0 0
EXXON MOBIL ORD COMMON 30231G102 1,577 25,000 SH   SOLE   25,000 0 0
HASBRO ORD COMMON 418056107 24,632 260,600 SH   SOLE   260,600 0 0
HOME DEPOT ORD COMMON 437076102 134,748 422,554 SH   SOLE   422,554 0 0
HONEYWELL INTERNATIONAL ORD COMMON 438516106 183,706 837,500 SH   SOLE   837,500 0 0
INTERNATIONAL BUSINESS MACHINES ORD COMMON 459200101 40,708 277,700 SH   SOLE   277,700 0 0
JOHNSON & JOHNSON ORD COMMON 478160104 33,113 201,000 SH   SOLE   201,000 0 0
JPMORGAN CHASE ORD COMMON 46625H100 13,999 90,000 SH   SOLE   90,000 0 0
LYONDELLBASELL INDUSTRIES CL A ORD COMMON N53745100 22,836 221,991 SH   SOLE   221,991 0 0
MCDONALD'S ORD COMMON 580135101 103,400 447,638 SH   SOLE   447,638 0 0
MICROSOFT ORD COMMON 594918104 250,583 925,000 SH   SOLE   925,000 0 0
MONDELEZ INTERNATIONAL CL A ORD COMMON 609207105 90,413 1,448,000 SH   SOLE   1,448,000 0 0
NORFOLK SOUTHERN ORD COMMON 655844108 155,978 587,687 SH   SOLE   587,687 0 0
PEPSICO ORD COMMON 713448108 18,892 127,500 SH   SOLE   127,500 0 0
PFIZER ORD COMMON 717081103 22,678 579,100 SH   SOLE   579,100 0 0
PHILIP MORRIS INTERNATIONAL ORD COMMON 718172109 125,529 1,266,562 SH   SOLE   1,266,562 0 0
PINNACLE WEST ORD COMMON 723484101 17,825 217,460 SH   SOLE   217,460 0 0
PNC FINANCIAL SERVICES GROUP ORD COMMON 693475105 103,583 543,000 SH   SOLE   543,000 0 0
PROCTER & GAMBLE ORD COMMON 742718109 6,733 49,900 SH   SOLE   49,900 0 0
PROLOGIS REIT COMMON 74340W103 70,523 590,000 SH   SOLE   590,000 0 0
QUALCOMM ORD COMMON 747525103 136,855 957,500 SH   SOLE   957,500 0 0
RAYTHEON TECHNOLOGIES ORD COMMON 75513E101 6,057 71,000 SH   SOLE   71,000 0 0
RPM ORD COMMON 749685103 73,137 824,725 SH   SOLE   824,725 0 0
SNAP ON ORD COMMON 833034101 73,232 327,764 SH   SOLE   327,764 0 0
TJX ORD COMMON 872540109 58,419 866,500 SH   SOLE   866,500 0 0
UNITEDHEALTH GRP ORD COMMON 91324P102 187,735 468,822 SH   SOLE   468,822 0 0
US BANCORP ORD COMMON 902973304 23,643 415,000 SH   SOLE   415,000 0 0
VALERO ENERGY ORD COMMON 91913Y100 58,290 746,540 SH   SOLE   746,540 0 0
VERIZON COMMUNICATIONS ORD COMMON 92343V104 27,270 486,700 SH   SOLE   486,700 0 0
VF ORD COMMON 918204108 93,085 1,134,630 SH   SOLE   1,134,630 0 0
VIATRIS ORD COMMON 92556V106 1,027 71,854 SH   SOLE   71,854 0 0