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 37,480 211,000 SH   SOLE   211,000 0 0
ABBOTT LABORATORIES ORD COMMON 002824100 33,468 237,800 SH   SOLE   237,800 0 0
ABBVIE ORD COMMON 00287Y109 76,745 566,800 SH   SOLE   566,800 0 0
ACCENTURE CL A ORD COMMON G1151C101 143,020 345,000 SH   SOLE   345,000 0 0
AIR PRODUCTS AND CHEMICALS ORD COMMON 009158106 40,436 132,900 SH   SOLE   132,900 0 0
AMERICAN TOWER REIT COMMON 03027X100 58,974 201,619 SH   SOLE   201,619 0 0
ANALOG DEVICES ORD COMMON 032654105 75,734 430,870 SH   SOLE   430,870 0 0
APPLE ORD COMMON 037833100 698,028 3,931,000 SH   SOLE   3,931,000 0 0
AT&T ORD COMMON 00206R102 13,087 532,000 SH   SOLE   532,000 0 0
AUTOMATIC DATA PROCESSING ORD COMMON 053015103 57,391 232,750 SH   SOLE   232,750 0 0
AVALONBAY COMMUNITIES REIT ORD COMMON 053484101 38,747 153,400 SH   SOLE   153,400 0 0
BAXTER INTERNATIONAL ORD COMMON 071813109 117,656 1,370,648 SH   SOLE   1,370,648 0 0
BLACKROCK ORD COMMON 09247X101 38,911 42,500 SH   SOLE   42,500 0 0
BROADCOM ORD COMMON 11135F101 178,530 268,300 SH   SOLE   268,300 0 0
CHEVRON ORD COMMON 166764100 26,286 224,000 SH   SOLE   224,000 0 0
CHUBB ORD COMMON H1467J104 70,153 362,902 SH   SOLE   362,902 0 0
CISCO SYSTEMS ORD COMMON 17275R102 161,372 2,546,500 SH   SOLE   2,546,500 0 0
CME GROUP CL A ORD COMMON 12572Q105 228,917 1,002,000 SH   SOLE   1,002,000 0 0
COMCAST CL A ORD COMMON 20030N101 39,089 776,650 SH   SOLE   776,650 0 0
DOVER ORD COMMON 260003108 144,699 796,800 SH   SOLE   796,800 0 0
DUKE ENERGY ORD COMMON 26441C204 32,519 310,000 SH   SOLE   310,000 0 0
ENBRIDGE ORD COMMON 29250N105 11,467 293,428 SH   SOLE   293,428 0 0
ESTEE LAUDER CL A ORD COMMON 518439104 11,823 31,936 SH   SOLE   31,936 0 0
EXXON MOBIL ORD COMMON 30231G102 1,530 25,000 SH   SOLE   25,000 0 0
HASBRO ORD COMMON 418056107 26,524 260,600 SH   SOLE   260,600 0 0
HOME DEPOT ORD COMMON 437076102 176,817 426,054 SH   SOLE   426,054 0 0
HONEYWELL INTERNATIONAL ORD COMMON 438516106 174,627 837,500 SH   SOLE   837,500 0 0
INTERNATIONAL BUSINESS MACHINES ORD COMMON 459200101 37,117 277,700 SH   SOLE   277,700 0 0
JOHNSON & JOHNSON ORD COMMON 478160104 34,385 201,000 SH   SOLE   201,000 0 0
JPMORGAN CHASE ORD COMMON 46625H100 14,252 90,000 SH   SOLE   90,000 0 0
LYONDELLBASELL INDUSTRIES CL A ORD COMMON N53745100 20,474 221,991 SH   SOLE   221,991 0 0
MCDONALD'S ORD COMMON 580135101 119,998 447,638 SH   SOLE   447,638 0 0
MICROSOFT ORD COMMON 594918104 311,096 925,000 SH   SOLE   925,000 0 0
MONDELEZ INTERNATIONAL CL A ORD COMMON 609207105 96,017 1,448,000 SH   SOLE   1,448,000 0 0
NORFOLK SOUTHERN ORD COMMON 655844108 174,960 587,687 SH   SOLE   587,687 0 0
PEPSICO ORD COMMON 713448108 22,148 127,500 SH   SOLE   127,500 0 0
PFIZER ORD COMMON 717081103 34,196 579,100 SH   SOLE   579,100 0 0
PHILIP MORRIS INTERNATIONAL ORD COMMON 718172109 120,323 1,266,562 SH   SOLE   1,266,562 0 0
PINNACLE WEST ORD COMMON 723484101 17,821 252,460 SH   SOLE   252,460 0 0
PNC FINANCIAL SERVICES GROUP ORD COMMON 693475105 108,882 543,000 SH   SOLE   543,000 0 0
PROCTER & GAMBLE ORD COMMON 742718109 8,163 49,900 SH   SOLE   49,900 0 0
PROLOGIS REIT COMMON 74340W103 99,332 590,000 SH   SOLE   590,000 0 0
QUALCOMM ORD COMMON 747525103 175,098 957,500 SH   SOLE   957,500 0 0
RAYTHEON TECHNOLOGIES ORD COMMON 75513E101 6,110 71,000 SH   SOLE   71,000 0 0
RPM ORD COMMON 749685103 83,297 824,725 SH   SOLE   824,725 0 0
SNAP ON ORD COMMON 833034101 72,532 336,764 SH   SOLE   336,764 0 0
TJX ORD COMMON 872540109 65,785 866,500 SH   SOLE   866,500 0 0
UNITEDHEALTH GRP ORD COMMON 91324P102 235,414 468,822 SH   SOLE   468,822 0 0
US BANCORP ORD COMMON 902973304 35,528 632,500 SH   SOLE   632,500 0 0
VALERO ENERGY ORD COMMON 91913Y100 56,073 746,540 SH   SOLE   746,540 0 0
VERIZON COMMUNICATIONS ORD COMMON 92343V104 25,289 486,700 SH   SOLE   486,700 0 0
VF ORD COMMON 918204108 85,274 1,164,630 SH   SOLE   1,164,630 0 0