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
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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
AGNC Investment Corp Common Equities 00123Q104 512 39,094 SH   SOLE   39,094 0 0
AT&T Inc Common Equities 00206R102 12,790 541,300 SH   SOLE   541,300 0 0
Adobe Systems Inc Common Equities 00724F101 7,194 15,790 SH   SOLE   15,790 0 0
Airbnb Inc Common Equities 009066101 10,143 59,058 SH   SOLE   59,058 0 0
Alexandria Real Estate Equities Inc Common Equities 015271109 2,899 14,409 SH   SOLE   14,409 0 0
Alphabet Inc Common Equities 02079K305 31,765 11,421 SH   SOLE   11,421 0 0
Amazon.com Inc Common Equities 023135106 22,271 6,832 SH   SOLE   6,832 0 0
Ameren Corp Common Equities 023608102 2,259 24,100 SH   SOLE   24,100 0 0
American Campus Communities Inc Common Equities 024835100 3,617 64,629 SH   SOLE   64,629 0 0
American Electric Power Co Inc Common Equities 025537101 4,798 48,100 SH   SOLE   48,100 0 0
American Homes 4 Rent Common Equities 02665T306 1,214 30,335 SH   SOLE   30,335 0 0
American Tower Corp Common Equities 03027X100 18,933 75,365 SH   SOLE   75,365 0 0
American Water Works Co Inc Common Equities 030420103 2,797 16,900 SH   SOLE   16,900 0 0
Americold Realty Trust Common Equities 03064D108 710 25,485 SH   SOLE   25,485 0 0
Annaly Capital Management Inc Common Equities 035710409 756 107,458 SH   SOLE   107,458 0 0
Apartment Income REIT Corp Common Equities 03750L109 896 16,763 SH   SOLE   16,763 0 0
Apple Inc Common Equities 037833100 49,923 285,914 SH   SOLE   285,914 0 0
AvalonBay Communities Inc Common Equities 053484101 4,885 19,670 SH   SOLE   19,670 0 0
Blackstone Mortgage Trust Inc Common Equities 09257W100 370 11,663 SH   SOLE   11,663 0 0
Boston Properties Inc Common Equities 101121101 2,121 16,472 SH   SOLE   16,472 0 0
Boston Scientific Corp Common Equities 101137107 9,827 221,882 SH   SOLE   221,882 0 0
Brixmor Property Group Inc Common Equities 11120U105 876 33,953 SH   SOLE   33,953 0 0
Broadcom Inc Common Equities 11135F101 4,108 6,525 SH   SOLE   6,525 0 0
CSX Corp Common Equities 126408103 2,660 71,040 SH   SOLE   71,040 0 0
Camden Property Trust Common Equities 133131102 3,337 20,079 SH   SOLE   20,079 0 0
Chevron Corp Common Equities 166764100 10,627 65,265 SH   SOLE   65,265 0 0
Chubb Ltd Common Equities H1467J104 43,010 201,078 SH   SOLE   201,078 0 0
Cisco Systems Inc Common Equities 17275R102 12,656 226,976 SH   SOLE   226,976 0 0
CoStar Group Inc Common Equities 22160N109 1,956 29,371 SH   SOLE   29,371 0 0
Comcast Corp Common Equities 20030N101 2,095 44,757 SH   SOLE   44,757 0 0
Consolidated Edison Inc Common Equities 209115104 2,963 31,300 SH   SOLE   31,300 0 0
Consumer Staples Select Sector SPDR Fund Exchange Traded Fund 81369Y308 10,981 144,700 SH   SOLE   144,700 0 0
Crown Castle International Corp Common Equities 22822V101 15,369 83,257 SH   SOLE   83,257 0 0
CubeSmart Common Equities 229663109 1,124 21,619 SH   SOLE   21,619 0 0
DTE Energy Co Common Equities 233331107 2,406 18,200 SH   SOLE   18,200 0 0
Digital Realty Trust Inc Common Equities 253868103 30,094 212,232 SH   SOLE   212,232 0 0
Dominion Energy Inc Common Equities 25746U109 17,981 211,625 SH   SOLE   211,625 0 0
Douglas Emmett Inc Common Equities 25960P109 2,269 67,918 SH   SOLE   67,918 0 0
Duke Energy Corp Common Equities 26441C204 21,264 190,440 SH   SOLE   190,440 0 0
Duke Realty Corp Common Equities 264411505 2,138 36,838 SH   SOLE   36,838 0 0
EastGroup Properties Inc Common Equities 277276101 791 3,892 SH   SOLE   3,892 0 0
Edison International Common Equities 281020107 2,551 36,400 SH   SOLE   36,400 0 0
Edwards Lifesciences Corp Common Equities 28176E108 10,103 85,826 SH   SOLE   85,826 0 0
Entergy Corp Common Equities 29364G103 2,171 18,600 SH   SOLE   18,600 0 0
Equinix Inc Common Equities 29444U700 8,365 11,280 SH   SOLE   11,280 0 0
Equity LifeStyle Properties Inc Common Equities 29472R108 2,219 29,015 SH   SOLE   29,015 0 0
Equity Residential Common Equities 29476L107 4,255 47,328 SH   SOLE   47,328 0 0
Essex Property Trust Inc Common Equities 297178105 2,394 6,931 SH   SOLE   6,931 0 0
Eversource Energy Common Equities 30040W108 2,769 31,400 SH   SOLE   31,400 0 0
Exelon Corp Common Equities 30161N101 4,586 96,300 SH   SOLE   96,300 0 0
Extra Space Storage Inc Common Equities 30225T102 2,743 13,345 SH   SOLE   13,345 0 0
Exxon Mobil Corp Common Equities 30231G102 14,109 170,833 SH   SOLE   170,833 0 0
Meta Platforms Inc Common Equities 30303M102 5,686 25,574 SH   SOLE   25,574 0 0
Federal Realty Investment Trust Common Equities 313747206 939 7,695 SH   SOLE   7,695 0 0
First Industrial Realty Trust Inc Common Equities 32054K103 828 13,381 SH   SOLE   13,381 0 0
FirstEnergy Corp Common Equities 337932107 2,380 51,900 SH   SOLE   51,900 0 0
Fortis Inc/Canada Common Equities 349553107 2,222 44,900 SH   SOLE   44,900 0 0
Gaming and Leisure Properties Inc Common Equities 36467J108 1,195 25,475 SH   SOLE   25,475 0 0
Generac Holdings Inc Common Equities 368736104 4,125 13,880 SH   SOLE   13,880 0 0
Health Care Select Sector SPDR Fund Exchange Traded Fund 81369Y209 14,342 104,700 SH   SOLE   104,700 0 0
Healthcare Trust of America Inc Common Equities 42225P501 750 23,952 SH   SOLE   23,952 0 0
Healthpeak Properties Inc Common Equities 42250P103 1,969 57,384 SH   SOLE   57,384 0 0
Honeywell International Inc Common Equities 438516106 14,657 75,330 SH   SOLE   75,330 0 0
Host Hotels & Resorts Inc Common Equities 44107P104 1,715 88,301 SH   SOLE   88,301 0 0
Intuitive Surgical Inc Common Equities 46120E602 7,653 25,370 SH   SOLE   25,370 0 0
Invesco DB Commodity Index Tracking Fund Exchange Traded Fund 46138B103 54,481 2,090,600 SH   SOLE   2,090,600 0 0
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF Exchange Traded Fund 46090F100 53,867 3,053,700 SH   SOLE   3,053,700 0 0
Invesco S&P 500 Low Volatility ETF Exchange Traded Fund 46138E354 8,345 124,400 SH   SOLE   124,400 0 0
Invesco S&P 500 Pure Growth ETF Exchange Traded Fund 46137V266 15,419 83,900 SH   SOLE   83,900 0 0
Invesco S&P 500 Pure Value ETF Exchange Traded Fund 46137V258 17,720 206,900 SH   SOLE   206,900 0 0
Invitation Homes Inc Common Equities 46187W107 2,368 58,954 SH   SOLE   58,954 0 0
Iron Mountain Inc Common Equities 46284V101 1,697 30,628 SH   SOLE   30,628 0 0
JPMorgan Chase & Co Common Equities 46625H100 19,586 143,680 SH   SOLE   143,680 0 0
Kilroy Realty Corp Common Equities 49427F108 923 12,082 SH   SOLE   12,082 0 0
Kimco Realty Corp Common Equities 49446R109 1,633 66,143 SH   SOLE   66,143 0 0
L3Harris Technologies Inc Common Equities 502431109 7,886 31,740 SH   SOLE   31,740 0 0
Lamar Advertising Co Common Equities 512816109 1,134 9,768 SH   SOLE   9,768 0 0
Life Storage Inc Common Equities 53223X107 1,084 7,722 SH   SOLE   7,722 0 0
Linde PLC Common Equities G5494J103 12,117 37,935 SH   SOLE   37,935 0 0
MGM Growth Properties LLC Common Equities 55303A105 1,075 27,800 SH   SOLE   27,800 0 0
Marriott International Inc/MD Common Equities 571903202 14,873 84,630 SH   SOLE   84,630 0 0
Martin Marietta Materials Inc Common Equities 573284106 2,151 5,590 SH   SOLE   5,590 0 0
Mastercard Inc Common Equities 57636Q104 5,872 16,432 SH   SOLE   16,432 0 0
Medical Properties Trust Inc Common Equities 58463J304 1,307 61,828 SH   SOLE   61,828 0 0
Microsoft Corp Common Equities 594918104 41,480 134,540 SH   SOLE   134,540 0 0
Mid-America Apartment Communities Inc Common Equities 59522J103 2,373 11,331 SH   SOLE   11,331 0 0
NVIDIA Corp Common Equities 67066G104 18,167 66,580 SH   SOLE   66,580 0 0
National Retail Properties Inc Common Equities 637417106 2,900 64,538 SH   SOLE   64,538 0 0
New Residential Investment Corp Common Equities 64828T201 379 34,606 SH   SOLE   34,606 0 0
NextEra Energy Inc Common Equities 65339F101 15,171 179,100 SH   SOLE   179,100 0 0
Omega Healthcare Investors Inc Common Equities 681936100 826 26,528 SH   SOLE   26,528 0 0
Oracle Corp Common Equities 68389X105 7,284 88,047 SH   SOLE   88,047 0 0
PG&E Corp Common Equities 69331C108 1,768 148,100 SH   SOLE   148,100 0 0
PPL Corp Common Equities 69351T106 2,139 74,900 SH   SOLE   74,900 0 0
PepsiCo Inc Common Equities 713448108 10,282 61,430 SH   SOLE   61,430 0 0
Procter & Gamble Co/The Common Equities 742718109 15,258 99,862 SH   SOLE   99,862 0 0
Prologis Inc Common Equities 74340W103 15,165 93,916 SH   SOLE   93,916 0 0
Public Service Enterprise Group Inc Common Equities 744573106 3,332 47,600 SH   SOLE   47,600 0 0
Public Storage Common Equities 74460D109 8,757 22,440 SH   SOLE   22,440 0 0
Realty Income Corp Common Equities 756109104 5,498 79,345 SH   SOLE   79,345 0 0
Regency Centers Corp Common Equities 758849103 1,231 17,260 SH   SOLE   17,260 0 0
Rexford Industrial Realty Inc Common Equities 76169C100 1,001 13,428 SH   SOLE   13,428 0 0
Rogers Communications Inc Common Equities 775109200 1,348 23,800 SH   SOLE   23,800 0 0
SBA Communications Corp Common Equities 78410G104 3,800 11,046 SH   SOLE   11,046 0 0
SL Green Realty Corp Common Equities 78440X804 1,217 14,999 SH   SOLE   14,999 0 0
SPDR Portfolio Long Term Treasury ETF Exchange Traded Fund 78464A664 15,506 410,000 SH   SOLE   410,000 0 0
SPDR S&P 500 ETF Trust Exchange Traded Fund 78462F103 65,487 145,000 SH   SOLE   145,000 0 0
STAG Industrial Inc Common Equities 85254J102 670 16,227 SH   SOLE   16,227 0 0
STORE Capital Corp Common Equities 862121100 781 26,752 SH   SOLE   26,752 0 0
Sempra Energy Common Equities 816851109 5,110 30,400 SH   SOLE   30,400 0 0
Simon Property Group Inc Common Equities 828806109 5,833 44,339 SH   SOLE   44,339 0 0
Southern Co/The Common Equities 842587107 7,236 99,800 SH   SOLE   99,800 0 0
Starwood Property Trust Inc Common Equities 85571B105 517 21,407 SH   SOLE   21,407 0 0
Sun Communities Inc Common Equities 866674104 2,070 11,811 SH   SOLE   11,811 0 0
T-Mobile US Inc Common Equities 872590104 5,134 40,000 SH   SOLE   40,000 0 0
Texas Instruments Inc Common Equities 882508104 17,659 96,250 SH   SOLE   96,250 0 0
Thermo Fisher Scientific Inc Common Equities 883556102 21,494 36,392 SH   SOLE   36,392 0 0
Truist Financial Corp Equity 89832Q109 5,852 103,220 SH   SOLE   103,220 0 0
UDR Inc Common Equities 902653104 1,730 30,160 SH   SOLE   30,160 0 0
United Parcel Service Inc Common Equities 911312106 15,125 70,526 SH   SOLE   70,526 0 0
UnitedHealth Group Inc Common Equities 91324P102 22,671 44,457 SH   SOLE   44,457 0 0
Utilities Select Sector SPDR Fund Exchange Traded Fund 81369Y886 11,894 159,750 SH   SOLE   159,750 0 0
VICI Properties Inc Common Equities 925652109 2,007 70,523 SH   SOLE   70,523 0 0
Vanguard FTSE Developed Markets ETF Exchange Traded Fund 921943858 62,439 1,300,000 SH   SOLE   1,300,000 0 0
Vanguard Long-Term Corporate Bond ETF Exchange Traded Fund 92206C813 8,430 90,000 SH   SOLE   90,000 0 0
Vanguard Long-Term Treasury ETF Exchange Traded Fund 92206C847 59,897 745,000 SH   SOLE   745,000 0 0
Vanguard Russell 2000 ETF Exchange Traded Fund 92206C664 11,599 140,000 SH   SOLE   140,000 0 0
Vanguard S&P 500 ETF Exchange Traded Fund 922908363 23,664 57,000 SH   SOLE   57,000 0 0
Vanguard S&P Mid-Cap 400 ETF Exchange Traded Fund 921932885 110,904 610,000 SH   SOLE   610,000 0 0
Vanguard Total Bond Market ETF Exchange Traded Fund 921937835 148,739 1,870,000 SH   SOLE   1,870,000 0 0
Ventas Inc Common Equities 92276F100 5,135 83,150 SH   SOLE   83,150 0 0
Verizon Communications Inc Common Equities 92343V104 33,555 658,730 SH   SOLE   658,730 0 0
Visa Inc Common Equities 92826C839 7,070 31,883 SH   SOLE   31,883 0 0
Vornado Realty Trust Common Equities 929042109 885 19,545 SH   SOLE   19,545 0 0
WEC Energy Group Inc Common Equities 92939U106 2,924 29,300 SH   SOLE   29,300 0 0
WP Carey Inc Common Equities 92936U109 1,520 18,805 SH   SOLE   18,805 0 0
Walmart Inc Common Equities 931142103 14,732 98,930 SH   SOLE   98,930 0 0
Walt Disney Co/The Common Equities 254687106 6,878 50,151 SH   SOLE   50,151 0 0
Welltower Inc Common Equities 95040Q104 4,625 48,113 SH   SOLE   48,113 0 0
Weyerhaeuser Co Common Equities 962166104 2,889 76,250 SH   SOLE   76,250 0 0
Xcel Energy Inc Common Equities 98389B100 3,637 50,400 SH   SOLE   50,400 0 0
Zoetis Inc Common Equities 98978V103 7,215 38,260 SH   SOLE   38,260 0 0
iShares Broad USD High Yield Corporate Bond ETF Exchange Traded Fund 46435U853 5,051 130,000 SH   SOLE   130,000 0 0
iShares Core MSCI EAFE ETF Exchange Traded Fund 46432F842 60,501 870,400 SH   SOLE   870,400 0 0
iShares Core MSCI Emerging Markets ETF Exchange Traded Fund 46434G103 97,429 1,753,900 SH   SOLE   1,753,900 0 0
iShares Core S&P Mid-Cap ETF Exchange Traded Fund 464287507 5,568 20,750 SH   SOLE   20,750 0 0
iShares Core S&P Small-Cap ETF Exchange Traded Fund 464287804 4,638 43,000 SH   SOLE   43,000 0 0
iShares Core U.S. Aggregate Bond ETF Exchange Traded Fund 464287226 5,890 55,000 SH   SOLE   55,000 0 0
iShares MSCI Canada ETF Exchange Traded Fund 464286509 15,384 382,600 SH   SOLE   382,600 0 0
iShares MSCI USA Min Vol Factor ETF Exchange Traded Fund 46429B697 8,144 105,000 SH   SOLE   105,000 0 0
salesforce.com Inc Common Equities 79466L302 13,463 63,410 SH   SOLE   63,410 0 0