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
AKAMAI TECHNOLOGIES INC COM 00971T101 27,565 399,143 SH   SOLE   399,143 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 18,395 473,724 SH   SOLE   473,724 0 0
CALPINE CORP COM NEW 131347304 32,532 2,228,216 SH   SOLE   2,228,216 0 0
FEDERAL MOGUL HOLDINGS CORP COM 313549404 14,466 2,118,016 SH   SOLE   2,118,016 0 0
GENERAL MTRS CO COM 37045V100 471 15,703 SH   SOLE   15,703 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 291 14,271 SH   SOLE   14,271 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 189 14,271 SH   SOLE   14,271 0 0
GRACE W R & CO DEL NEW COM 38388F108 19,639 211,063 SH   SOLE   211,063 0 0
INFRAREIT INC COM 45685L100 132,045 5,576,235 SH   SOLE   5,576,235 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 18,312 419,142 SH   SOLE   419,142 0 0
SIENTRA INC COM 82621J105 246 24,244 SH   SOLE   24,244 0 0
TIME WARNER CABLE INC COM 88732J207 36,760 204,939 SH   SOLE   204,939 0 0
TRIBUNE MEDIA CO CL A 896047503 7,099 199,400 SH   SOLE   199,400 0 0
PARTNERRE LTD COM G6852T105 28,681 206,518 SH   SOLE   206,518 0 0
TRONOX LTD SHS CL A Q9235V101 1,087 248,690 SH   SOLE   248,690 0 0
ACADIA RLTY TR COM SH BEN INT 004239109 4,337 144,236 SH   SOLE   144,236 0 0
ALEXANDERS INC COM 014752109 1,337 3,574 SH   SOLE   3,574 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 12,172 143,754 SH   SOLE   143,754 0 0
AMERICAN ASSETS TR INC COM 024013104 3,249 79,522 SH   SOLE   79,522 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 8,638 238,349 SH   SOLE   238,349 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 4,966 308,806 SH   SOLE   308,806 0 0
AMERICAN RESIDENTIAL PPTYS I COM 02927E303 1,117 64,684 SH   SOLE   64,684 0 0
AMERICAN TOWER CORP NEW COM 03027X100 75,484 857,963 SH   SOLE   857,963 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 10,949 295,771 SH   SOLE   295,771 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 3,006 161,861 SH   SOLE   161,861 0 0
ASHFORD HOSPITALITY PRIME IN COM 044102101 522 37,217 SH   SOLE   37,217 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 1,395 228,647 SH   SOLE   228,647 0 0
AVALONBAY CMNTYS INC COM 053484101 46,646 266,825 SH   SOLE   266,825 0 0
BIOMED REALTY TRUST INC COM 09063H107 8,676 434,255 SH   SOLE   434,255 0 0
BOSTON PROPERTIES INC COM 101121101 36,711 310,062 SH   SOLE   310,062 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 4,693 380,958 SH   SOLE   380,958 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 8,319 354,294 SH   SOLE   354,294 0 0
CBL & ASSOC PPTYS INC COM 124830100 4,611 335,345 SH   SOLE   335,345 0 0
CAMDEN PPTY TR SH BEN INT 133131102 12,815 173,413 SH   SOLE   173,413 0 0
CAMPUS CREST CMNTYS INC COM 13466Y105 1,160 218,121 SH   SOLE   218,121 0 0
CARE CAP PPTYS INC COM 141624106 5,544 168,344 SH   SOLE   168,344 0 0
CARETRUST REIT INC COM 14174T107 1,000 88,148 SH   SOLE   88,148 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 1,036 100,768 SH   SOLE   100,768 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 1,102 177,495 SH   SOLE   177,495 0 0
CHAMBERS STR PPTYS COM 157842105 3,062 471,752 SH   SOLE   471,752 0 0
CHATHAM LODGING TR COM 16208T102 1,706 79,438 SH   SOLE   79,438 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 3,415 131,044 SH   SOLE   131,044 0 0
COLUMBIA PPTY TR INC COM NEW 198287203 5,325 229,546 SH   SOLE   229,546 0 0
COMMUNICATIONS SALES&LEAS IN COM 20341J104 2,921 163,196 SH   SOLE   163,196 0 0
CORESITE RLTY CORP COM 21870Q105 2,279 44,311 SH   SOLE   44,311 0 0
CORENERGY INFRASTRUCTURE TR COM 21870U205 609 137,756 SH   SOLE   137,756 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 3,897 185,313 SH   SOLE   185,313 0 0
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 5,884 199,181 SH   SOLE   199,181 0 0
COUSINS PPTYS INC COM 222795106 4,345 471,253 SH   SOLE   471,253 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 53,734 681,301 SH   SOLE   681,301 0 0
CUBESMART COM 229663109 8,910 327,453 SH   SOLE   327,453 0 0
CYRUSONE INC COM 23283R100 3,863 118,268 SH   SOLE   118,268 0 0
DCT INDUSTRIAL TRUST INC COM NEW 233153204 5,882 174,739 SH   SOLE   174,739 0 0
DDR CORP COM 23317H102 10,158 660,482 SH   SOLE   660,482 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 4,795 433,952 SH   SOLE   433,952 0 0
DIGITAL RLTY TR INC COM 253868103 17,586 269,223 SH   SOLE   269,223 0 0
DOUGLAS EMMETT INC COM 25960P109 8,055 280,450 SH   SOLE   280,450 0 0
DUKE REALTY CORP COM NEW 264411505 12,968 680,753 SH   SOLE   680,753 0 0
DUPONT FABROS TECHNOLOGY INC COM 26613Q106 3,027 116,962 SH   SOLE   116,962 0 0
EPR PPTYS COM SH BEN INT 26884U109 5,266 102,109 SH   SOLE   102,109 0 0
EASTERLY GOVT PPTYS INC COM 27616P103 235 14,727 SH   SOLE   14,727 0 0
EASTGROUP PPTY INC COM 277276101 3,717 68,602 SH   SOLE   68,602 0 0
EDUCATION RLTY TR INC COM NEW 28140H203 2,928 88,873 SH   SOLE   88,873 0 0
EMPIRE ST RLTY TR INC CL A 292104106 3,230 189,640 SH   SOLE   189,640 0 0
EQUINIX INC COM PAR $0.001 29444U700 31,654 115,778 SH   SOLE   115,778 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 7,733 283,893 SH   SOLE   283,893 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 9,078 154,986 SH   SOLE   154,986 0 0
EQUITY ONE COM 294752100 3,350 137,621 SH   SOLE   137,621 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 54,706 728,250 SH   SOLE   728,250 0 0
ESSEX PPTY TR INC COM 297178105 30,108 134,758 SH   SOLE   134,758 0 0
EXTRA SPACE STORAGE INC COM 30225T102 16,519 214,087 SH   SOLE   214,087 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 18,782 137,648 SH   SOLE   137,648 0 0
FELCOR LODGING TR INC COM 31430F101 2,350 332,376 SH   SOLE   332,376 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 5,372 256,412 SH   SOLE   256,412 0 0
FIRST POTOMAC RLTY TR COM 33610F109 1,785 162,229 SH   SOLE   162,229 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 2,315 215,388 SH   SOLE   215,388 0 0
GEO GROUP INC NEW COM 36162J106 4,398 147,868 SH   SOLE   147,868 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 5,627 189,477 SH   SOLE   189,477 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 26,840 1,033,493 SH   SOLE   1,033,493 0 0
GETTY RLTY CORP NEW COM 374297109 667 42,200 SH   SOLE   42,200 0 0
GLADSTONE COML CORP COM 376536108 300 21,263 SH   SOLE   21,263 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 2,223 138,955 SH   SOLE   138,955 0 0
GRAMERCY PPTY TR INC COM NEW 38489R605 2,237 107,706 SH   SOLE   107,706 0 0
HCP INC COM 40414L109 34,381 922,971 SH   SOLE   922,971 0 0
HEALTHCARE RLTY TR COM 421946104 5,085 204,617 SH   SOLE   204,617 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 5,572 227,330 SH   SOLE   227,330 0 0
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 2,091 92,292 SH   SOLE   92,292 0 0
HIGHWOODS PPTYS INC COM 431284108 7,467 192,700 SH   SOLE   192,700 0 0
HOME PROPERTIES INC COM 437306103 8,299 111,018 SH   SOLE   111,018 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 7,665 299,658 SH   SOLE   299,658 0 0
HOST HOTELS & RESORTS INC COM 44107P104 24,643 1,558,718 SH   SOLE   1,558,718 0 0
HUDSON PAC PPTYS INC COM 444097109 4,491 155,990 SH   SOLE   155,990 0 0
INLAND REAL ESTATE CORP COM NEW 457461200 1,070 132,101 SH   SOLE   132,101 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 1,504 194,355 SH   SOLE   194,355 0 0
IRON MTN INC NEW COM 46284V101 11,438 368,737 SH   SOLE   368,737 0 0
ISHARES TR U.S. REAL ES ETF 464287739 106,425 1,500,000 SH   SOLE   1,500,000 0 0
KILROY RLTY CORP COM 49427F108 12,123 186,053 SH   SOLE   186,053 0 0
KIMCO RLTY CORP COM 49446R109 20,285 830,317 SH   SOLE   830,317 0 0
KITE RLTY GROUP TR COM NEW 49803T300 4,487 188,454 SH   SOLE   188,454 0 0
LTC PPTYS INC COM 502175102 2,783 65,231 SH   SOLE   65,231 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 9,010 172,672 SH   SOLE   172,672 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 6,805 239,709 SH   SOLE   239,709 0 0
LEXINGTON REALTY TRUST COM 529043101 3,965 489,502 SH   SOLE   489,502 0 0
LIBERTY PPTY TR SH BEN INT 531172104 9,965 316,249 SH   SOLE   316,249 0 0
MACERICH CO COM 554382101 24,393 317,532 SH   SOLE   317,532 0 0
MACK CALI RLTY CORP COM 554489104 3,741 198,141 SH   SOLE   198,141 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 5,215 471,563 SH   SOLE   471,563 0 0
MID-AMER APT CMNTYS INC COM 59522J103 13,058 159,499 SH   SOLE   159,499 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 881 90,359 SH   SOLE   90,359 0 0
MONOGRAM RESIDENTIAL TR INC COM 60979P105 3,452 370,811 SH   SOLE   370,811 0 0
NATIONAL HEALTH INVS INC COM 63633D104 4,174 72,598 SH   SOLE   72,598 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 9,757 269,023 SH   SOLE   269,023 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 564 41,608 SH   SOLE   41,608 0 0
NEW SR INVT GROUP INC COM 648691103 2,042 195,188 SH   SOLE   195,188 0 0
NEXPOINT RESIDENTIAL TR INC COM 65341D102 531 39,714 SH   SOLE   39,714 0 0
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 8,926 722,743 SH   SOLE   722,743 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 11,061 314,688 SH   SOLE   314,688 0 0
ONE LIBERTY PPTYS INC COM 682406103 336 15,752 SH   SOLE   15,752 0 0
OUTFRONT MEDIA INC COM 69007J106 5,978 287,396 SH   SOLE   287,396 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 3,606 45,424 SH   SOLE   45,424 0 0
PARAMOUNT GROUP INC COM 69924R108 5,571 331,600 SH   SOLE   331,600 0 0
PARKWAY PPTYS INC COM 70159Q104 3,046 195,752 SH   SOLE   195,752 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 5,506 155,309 SH   SOLE   155,309 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 2,855 143,960 SH   SOLE   143,960 0 0
PHYSICIANS RLTY TR COM 71943U104 2,280 151,102 SH   SOLE   151,102 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 6,374 356,280 SH   SOLE   356,280 0 0
PLUM CREEK TIMBER CO INC COM 729251108 14,462 366,041 SH   SOLE   366,041 0 0
POST PPTYS INC COM 737464107 6,285 107,829 SH   SOLE   107,829 0 0
POTLATCH CORP NEW COM 737630103 2,174 75,512 SH   SOLE   75,512 0 0
PROLOGIS INC COM 74340W103 42,002 1,079,731 SH   SOLE   1,079,731 0 0
PUBLIC STORAGE COM 74460D109 61,474 290,479 SH   SOLE   290,479 0 0
QTS RLTY TR INC COM CL A 74736A103 3,024 69,208 SH   SOLE   69,208 0 0
RLJ LODGING TR COM 74965L101 6,484 256,603 SH   SOLE   256,603 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 2,774 184,815 SH   SOLE   184,815 0 0
RAYONIER INC COM 754907103 6,040 273,686 SH   SOLE   273,686 0 0
REALTY INCOME CORP COM 756109104 22,556 475,956 SH   SOLE   475,956 0 0
REGENCY CTRS CORP COM 758849103 11,740 188,900 SH   SOLE   188,900 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 3,545 214,312 SH   SOLE   214,312 0 0
RETAIL PPTYS AMER INC CL A 76131V202 6,955 493,618 SH   SOLE   493,618 0 0
REXFORD INDL RLTY INC COM 76169C100 1,680 121,793 SH   SOLE   121,793 0 0
ROUSE PPTYS INC COM 779287101 1,322 84,865 SH   SOLE   84,865 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 4,506 91,528 SH   SOLE   91,528 0 0
SL GREEN RLTY CORP COM 78440X101 22,293 206,113 SH   SOLE   206,113 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 3,178 137,104 SH   SOLE   137,104 0 0
SAUL CTRS INC COM 804395101 1,279 24,721 SH   SOLE   24,721 0 0
SELECT INCOME REIT COM SH BEN INT 81618T100 2,589 136,168 SH   SOLE   136,168 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 7,664 473,101 SH   SOLE   473,101 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 1,699 106,097 SH   SOLE   106,097 0 0
SIMON PPTY GROUP INC NEW COM 828806109 115,116 626,583 SH   SOLE   626,583 0 0
SOVRAN SELF STORAGE INC COM 84610H108 6,168 65,409 SH   SOLE   65,409 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 8,337 912,199 SH   SOLE   912,199 0 0
STAG INDL INC COM 85254J102 2,749 150,980 SH   SOLE   150,980 0 0
STARWOOD WAYPOINT RESIDENTL COM SHS 85571W109 2,322 97,456 SH   SOLE   97,456 0 0
STORE CAP CORP COM 862121100 2,694 130,390 SH   SOLE   130,390 0 0
STRATEGIC HOTELS & RESORTS I COM 86272T106 7,990 579,377 SH   SOLE   579,377 0 0
SUMMIT HOTEL PPTYS COM 866082100 2,114 181,127 SH   SOLE   181,127 0 0
SUN CMNTYS INC COM 866674104 6,895 101,757 SH   SOLE   101,757 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 5,841 441,460 SH   SOLE   441,460 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 6,299 191,044 SH   SOLE   191,044 0 0
TAUBMAN CTRS INC COM 876664103 7,973 115,418 SH   SOLE   115,418 0 0
TERRENO RLTY CORP COM 88146M101 2,237 113,896 SH   SOLE   113,896 0 0
TIER REIT INC COM NEW 88650V208 695 47,213 SH   SOLE   47,213 0 0
UDR INC COM 902653104 18,450 535,092 SH   SOLE   535,092 0 0
U M H PROPERTIES INC COM 903002103 244 26,221 SH   SOLE   26,221 0 0
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 797 16,986 SH   SOLE   16,986 0 0
URBAN EDGE PPTYS COM 91704F104 4,148 192,149 SH   SOLE   192,149 0 0
URSTADT BIDDLE PPTYS INC CL A 917286205 803 42,852 SH   SOLE   42,852 0 0
VENTAS INC COM 92276F100 37,750 673,378 SH   SOLE   673,378 0 0
VORNADO RLTY TR SH BEN INT 929042109 31,378 347,020 SH   SOLE   347,020 0 0
W P CAREY INC COM 92936U109 11,155 192,958 SH   SOLE   192,958 0 0
WP GLIMCHER IN COM 92939N102 4,774 409,452 SH   SOLE   409,452 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 3,146 126,208 SH   SOLE   126,208 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 7,084 213,951 SH   SOLE   213,951 0 0
WELLTOWER INC COM 95040Q104 47,614 703,105 SH   SOLE   703,105 0 0
WEYERHAEUSER CO COM 962166104 28,606 1,046,289 SH   SOLE   1,046,289 0 0
WHITESTONE REIT COM 966084204 214 18,600 SH   SOLE   18,600 0 0
WINTHROP RLTY TR SH BEN INT NEW 976391300 562 39,142 SH   SOLE   39,142 0 0
XENIA HOTELS & RESORTS INC COM 984017103 4,195 240,292 SH   SOLE   240,292 0 0
RSP PERMIAN INC COM 74978Q105 160,796 7,940,524 SH   SOLE   7,940,524 0 0
TRIANGLE PETE CORP COM NEW 89600B201 16,117 11,350,000 SH   SOLE   11,350,000 0 0
CRESCENT PT ENERGY CORP COM 22576C101 79,841 6,977,609 SH   SOLE   6,977,609 0 0
ING GROEP N V DBCV 6.000%12/2 456837AE3 491 500,000 PRN   SOLE   500,000 0 0
PEABODY ENERGY CORP SDCV 4.750%12/1 704549AG9 53 500,000 PRN   SOLE   500,000 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 3,197 138,757 SH   SOLE   138,757 0 0
BCE INC PUT 05534B950 3,838 94,200 SH   SOLE   94,200 0 0
BB&T CORP COM 054937107 2,104 59,100 SH   SOLE   59,100 0 0
CONSOLIDATED EDISON INC COM 209115104 4,292 64,200 SH   SOLE   64,200 0 0
DOMINION RES INC VA NEW COM 25746U109 4,863 69,100 SH   SOLE   69,100 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 2,798 42,300 SH   SOLE   42,300 0 0
PPL CORP COM 69351T106 3,782 115,000 SH   SOLE   115,000 0 0
UNION PAC CORP COM 907818108 3,589 40,600 SH   SOLE   40,600 0 0
HASBRO INC COM 418056107 2,373 32,900 SH   SOLE   32,900 0 0
PROCTER & GAMBLE CO COM 742718109 6,007 83,500 SH   SOLE   83,500 0 0
CISCO SYS INC COM 17275R102 3,783 144,100 SH   SOLE   144,100 0 0
EXXON MOBIL CORP COM 30231G102 7,413 99,700 SH   SOLE   99,700 0 0
GENERAL ELECTRIC CO COM 369604103 6,792 269,300 SH   SOLE   269,300 0 0
MICROSOFT CORP COM 594918104 6,316 142,700 SH   SOLE   142,700 0 0
PFIZER INC COM 717081103 7,306 232,600 SH   SOLE   232,600 0 0
WAL-MART STORES INC COM 931142103 4,338 66,900 SH   SOLE   66,900 0 0
WELLS FARGO & CO NEW COM 949746101 6,162 120,000 SH   SOLE   120,000 0 0
KIMBERLY CLARK CORP COM 494368103 4,078 37,397 SH   SOLE   37,397 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 2,464 17,000 SH   SOLE   17,000 0 0
DOW CHEM CO COM 260543103 4,092 96,500 SH   SOLE   96,500 0 0
MATTEL INC COM 577081102 2,649 125,800 SH   SOLE   125,800 0 0
INTEL CORP COM 458140100 4,385 145,500 SH   SOLE   145,500 0 0
JOHNSON & JOHNSON COM 478160104 7,319 78,400 SH   SOLE   78,400 0 0
LILLY ELI & CO COM 532457108 4,076 48,700 SH   SOLE   48,700 0 0
MCDONALDS CORP COM 580135101 4,089 41,500 SH   SOLE   41,500 0 0
WASTE MGMT INC DEL COM 94106L109 2,500 50,200 SH   SOLE   50,200 0 0
PEPSICO INC COM 713448108 6,412 68,000 SH   SOLE   68,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 2,388 13,000 SH   SOLE   13,000 0 0
GENERAL MLS INC COM 370334104 3,643 64,900 SH   SOLE   64,900 0 0
KLA-TENCOR CORP COM 482480100 1,350 27,000 SH   SOLE   27,000 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 2,859 85,600 SH   SOLE   85,600 0 0
METLIFE INC COM 59156R108 4,055 86,000 SH   SOLE   86,000 0 0
PACCAR INC COM 693718108 2,854 54,700 SH   SOLE   54,700 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 8,737 200,800 SH   SOLE   200,800 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 3,528 260,000 SH   SOLE   260,000 0 0
US BANCORP DEL COM NEW 902973304 2,707 66,000 SH   SOLE   66,000 0 0
CHEVRON CORP NEW COM 166764100 6,697 84,900 SH   SOLE   84,900 0 0
3M CO COM 88579Y101 4,069 28,700 SH   SOLE   28,700 0 0
ALTRIA GROUP INC COM 02209S103 4,379 80,500 SH   SOLE   80,500 0 0
CA INC COM 12673P105 3,541 129,700 SH   SOLE   129,700 0 0
ACE LTD SHS H0023R105 3,536 34,200 SH   SOLE   34,200 0 0
STARWOOD PPTY TR INC COM 85571B105 1,724 84,000 SH   SOLE   84,000 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 3,754 38,200 SH   SOLE   38,200 0 0
MERCK & CO INC NEW COM 58933Y105 3,087 62,500 SH   SOLE   62,500 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 1,743 38,900 SH   SOLE   38,900 0 0
KINDER MORGAN INC DEL COM 49456B101 1,805 65,200 SH   SOLE   65,200 0 0
HOLLYFRONTIER CORP COM 436106108 1,670 34,200 SH   SOLE   34,200 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 5,820 80,900 SH   SOLE   80,900 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 1,574 53,000 SH   SOLE   53,000 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 2,768 35,100 SH   SOLE   35,100 0 0
KRAFT HEINZ CO COM 500754106 4,771 67,600 SH   SOLE   67,600 0 0
BCE INC PUT 05534B950 3,838 94,200 SH   DFND 1 94,200 0 0
BB&T CORP COM 054937107 2,104 59,100 SH   DFND 1 59,100 0 0
CONSOLIDATED EDISON INC COM 209115104 4,292 64,200 SH   DFND 1 64,200 0 0
DOMINION RES INC VA NEW COM 25746U109 4,863 69,100 SH   DFND 1 69,100 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 2,798 42,300 SH   DFND 1 42,300 0 0
PPL CORP COM 69351T106 3,782 115,000 SH   DFND 1 115,000 0 0
UNION PAC CORP COM 907818108 3,589 40,600 SH   DFND 1 40,600 0 0
HASBRO INC COM 418056107 2,373 32,900 SH   DFND 1 32,900 0 0
PROCTER & GAMBLE CO COM 742718109 6,007 83,500 SH   DFND 1 83,500 0 0
CISCO SYS INC COM 17275R102 3,783 144,100 SH   DFND 1 144,100 0 0
EXXON MOBIL CORP COM 30231G102 7,413 99,700 SH   DFND 1 99,700 0 0
GENERAL ELECTRIC CO COM 369604103 6,792 269,300 SH   DFND 1 269,300 0 0
MICROSOFT CORP COM 594918104 6,316 142,700 SH   DFND 1 142,700 0 0
PFIZER INC COM 717081103 7,306 232,600 SH   DFND 1 232,600 0 0
WAL-MART STORES INC COM 931142103 4,338 66,900 SH   DFND 1 66,900 0 0
WELLS FARGO & CO NEW COM 949746101 6,162 120,000 SH   DFND 1 120,000 0 0
KIMBERLY CLARK CORP COM 494368103 4,078 37,397 SH   DFND 1 37,397 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 2,464 17,000 SH   DFND 1 17,000 0 0
DOW CHEM CO COM 260543103 4,092 96,500 SH   DFND 1 96,500 0 0
MATTEL INC COM 577081102 2,649 125,800 SH   DFND 1 125,800 0 0
INTEL CORP COM 458140100 4,385 145,500 SH   DFND 1 145,500 0 0
JOHNSON & JOHNSON COM 478160104 7,319 78,400 SH   DFND 1 78,400 0 0
LILLY ELI & CO COM 532457108 4,076 48,700 SH   DFND 1 48,700 0 0
MCDONALDS CORP COM 580135101 4,089 41,500 SH   DFND 1 41,500 0 0
WASTE MGMT INC DEL COM 94106L109 2,500 50,200 SH   DFND 1 50,200 0 0
PEPSICO INC COM 713448108 6,412 68,000 SH   DFND 1 68,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 2,388 13,000 SH   DFND 1 13,000 0 0
GENERAL MLS INC COM 370334104 3,643 64,900 SH   DFND 1 64,900 0 0
KLA-TENCOR CORP COM 482480100 1,350 27,000 SH   DFND 1 27,000 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 2,859 85,600 SH   DFND 1 85,600 0 0
METLIFE INC COM 59156R108 4,055 86,000 SH   DFND 1 86,000 0 0
PACCAR INC COM 693718108 2,854 54,700 SH   DFND 1 54,700 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 8,737 200,800 SH   DFND 1 200,800 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 3,528 260,000 SH   DFND 1 260,000 0 0
US BANCORP DEL COM NEW 902973304 2,707 66,000 SH   DFND 1 66,000 0 0
CHEVRON CORP NEW COM 166764100 6,697 84,900 SH   DFND 1 84,900 0 0
3M CO COM 88579Y101 4,069 28,700 SH   DFND 1 28,700 0 0
ALTRIA GROUP INC COM 02209S103 4,379 80,500 SH   DFND 1 80,500 0 0
CA INC COM 12673P105 3,541 129,700 SH   DFND 1 129,700 0 0
ACE LTD SHS H0023R105 3,536 34,200 SH   DFND 1 34,200 0 0
STARWOOD PPTY TR INC COM 85571B105 1,724 84,000 SH   DFND 1 84,000 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 3,754 38,200 SH   DFND 1 38,200 0 0
MERCK & CO INC NEW COM 58933Y105 3,087 62,500 SH   DFND 1 62,500 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 1,743 38,900 SH   DFND 1 38,900 0 0
KINDER MORGAN INC DEL COM 49456B101 1,805 65,200 SH   DFND 1 65,200 0 0
HOLLYFRONTIER CORP COM 436106108 1,670 34,200 SH   DFND 1 34,200 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 5,820 80,900 SH   DFND 1 80,900 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 1,574 53,000 SH   DFND 1 53,000 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 2,768 35,100 SH   DFND 1 35,100 0 0
KRAFT HEINZ CO COM 500754106 4,771 67,600 SH   DFND 1 67,600 0 0