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 22,180 399,143 SH   SOLE   399,143 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 19,427 473,724 SH   SOLE   473,724 0 0
CALPINE CORP COM NEW 131347304 33,802 2,228,216 SH   SOLE   2,228,216 0 0
FEDERAL MOGUL HOLDINGS CORP COM 313549404 20,926 2,118,016 SH   SOLE   2,118,016 0 0
GCP APPLIED TECHNOLOGIES INC COM 36164Y101 4,209 211,063 SH   SOLE   211,063 0 0
GENERAL MTRS CO COM 37045V100 494 15,703 SH   SOLE   15,703 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 310 14,271 SH   SOLE   14,271 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 195 14,271 SH   SOLE   14,271 0 0
GRACE W R & CO DEL NEW COM 38388F108 15,023 211,063 SH   SOLE   211,063 0 0
INFRAREIT INC COM 45685L100 95,075 5,576,235 SH   SOLE   5,576,235 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 22,152 419,142 SH   SOLE   419,142 0 0
TIME WARNER CABLE INC COM 88732J207 41,935 204,939 SH   SOLE   204,939 0 0
TRIBUNE MEDIA CO CL A 896047503 7,647 199,400 SH   SOLE   199,400 0 0
PARTNERRE LTD COM G6852T105 29,020 206,518 SH   SOLE   206,518 0 0
TRONOX LTD SHS CL A Q9235V101 1,589 248,690 SH   SOLE   248,690 0 0
W P CAREY INC COM 92936U109 5,941 95,448 SH   SOLE   95,448 0 0
EPR PPTYS COM SH BEN INT 26884U109 4,528 67,969 SH   SOLE   67,969 0 0
CYRUSONE INC COM 23283R100 2,945 64,520 SH   SOLE   64,520 0 0
ARMADA HOFFLER PPTYS INC COM 04208T108 390 34,711 SH   SOLE   34,711 0 0
PHYSICIANS RLTY TR COM 71943U104 2,187 117,726 SH   SOLE   117,726 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 3,237 203,575 SH   SOLE   203,575 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 231 32,461 SH   SOLE   32,461 0 0
EMPIRE ST RLTY TR INC CL A 292104106 1,745 99,527 SH   SOLE   99,527 0 0
QTS RLTY TR INC COM CL A 74736A103 1,988 41,960 SH   SOLE   41,960 0 0
COLUMBIA PPTY TR INC COM NEW 198287203 2,982 135,599 SH   SOLE   135,599 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 2,939 95,044 SH   SOLE   95,044 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 4,886 190,718 SH   SOLE   190,718 0 0
ASHFORD HOSPITALITY PRIME IN COM 044102101 343 29,357 SH   SOLE   29,357 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 506 46,704 SH   SOLE   46,704 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 992 136,573 SH   SOLE   136,573 0 0
EQUITY ONE COM 294752100 2,843 99,201 SH   SOLE   99,201 0 0
ACADIA RLTY TR COM SH BEN INT 004239109 2,618 74,537 SH   SOLE   74,537 0 0
AGREE REALTY CORP COM 008492100 828 21,530 SH   SOLE   21,530 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 736 61,924 SH   SOLE   61,924 0 0
ONE LIBERTY PPTYS INC COM 682406103 264 11,794 SH   SOLE   11,794 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 1,530 84,869 SH   SOLE   84,869 0 0
UMH PPTYS INC COM 903002103 264 26,623 SH   SOLE   26,623 0 0
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 802 14,263 SH   SOLE   14,263 0 0
URSTADT BIDDLE PPTYS INC CL A 917286205 587 28,041 SH   SOLE   28,041 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 2,708 103,186 SH   SOLE   103,186 0 0
VENTAS INC COM 92276F100 22,817 362,406 SH   SOLE   362,406 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 4,635 259,057 SH   SOLE   259,057 0 0
GETTY RLTY CORP NEW COM 374297109 523 26,359 SH   SOLE   26,359 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 2,653 189,087 SH   SOLE   189,087 0 0
FELCOR LODGING TR INC COM 31430F101 1,279 157,554 SH   SOLE   157,554 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 4,386 165,124 SH   SOLE   165,124 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 3,117 123,151 SH   SOLE   123,151 0 0
LEXINGTON REALTY TRUST COM 529043101 2,206 256,516 SH   SOLE   256,516 0 0
MACK CALI RLTY CORP COM 554489104 2,284 97,182 SH   SOLE   97,182 0 0
MID-AMER APT CMNTYS INC COM 59522J103 8,379 81,978 SH   SOLE   81,978 0 0
REALTY INCOME CORP COM 756109104 16,826 269,167 SH   SOLE   269,167 0 0
SUN CMNTYS INC COM 866674104 4,342 60,628 SH   SOLE   60,628 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 3,797 104,353 SH   SOLE   104,353 0 0
RAYONIER INC COM 754907103 3,299 133,664 SH   SOLE   133,664 0 0
ALEXANDERS INC COM 014752109 831 2,183 SH   SOLE   2,183 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 7,152 78,684 SH   SOLE   78,684 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 7,130 170,490 SH   SOLE   170,490 0 0
CBL & ASSOC PPTYS INC COM 124830100 2,210 185,704 SH   SOLE   185,704 0 0
CAMDEN PPTY TR SH BEN INT 133131102 7,835 93,179 SH   SOLE   93,179 0 0
COUSINS PPTYS INC COM 222795106 2,401 231,292 SH   SOLE   231,292 0 0
EASTGROUP PPTY INC COM 277276101 2,105 34,861 SH   SOLE   34,861 0 0
ESSEX PPTY TR INC COM 297178105 16,631 71,115 SH   SOLE   71,115 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 11,916 76,358 SH   SOLE   76,358 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 2,724 119,778 SH   SOLE   119,778 0 0
HEALTHCARE RLTY TR COM 421946104 3,380 109,418 SH   SOLE   109,418 0 0
HIGHWOODS PPTYS INC COM 431284108 4,899 102,464 SH   SOLE   102,464 0 0
KILROY RLTY CORP COM 49427F108 6,224 100,594 SH   SOLE   100,594 0 0
LTC PPTYS INC COM 502175102 1,825 40,342 SH   SOLE   40,342 0 0
LIBERTY PPTY TR SH BEN INT 531172104 5,336 159,463 SH   SOLE   159,463 0 0
MACERICH CO COM 554382101 13,574 171,305 SH   SOLE   171,305 0 0
NATIONAL HEALTH INVS INC COM 63633D104 2,495 37,511 SH   SOLE   37,511 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 6,300 178,475 SH   SOLE   178,475 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 2,178 21,667 SH   SOLE   21,667 0 0
PARKWAY PPTYS INC COM 70159Q104 1,362 86,954 SH   SOLE   86,954 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 1,574 72,024 SH   SOLE   72,024 0 0
TAUBMAN CTRS INC COM 876664103 4,655 65,358 SH   SOLE   65,358 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 2,148 73,550 SH   SOLE   73,550 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 4,563 121,612 SH   SOLE   121,612 0 0
KIMCO RLTY CORP COM 49446R109 12,763 443,472 SH   SOLE   443,472 0 0
VORNADO RLTY TR SH BEN INT 929042109 17,266 182,840 SH   SOLE   182,840 0 0
AVALONBAY CMNTYS INC COM 053484101 28,080 147,636 SH   SOLE   147,636 0 0
BOSTON PROPERTIES INC COM 101121101 21,029 165,480 SH   SOLE   165,480 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 29,162 388,676 SH   SOLE   388,676 0 0
HOST HOTELS & RESORTS INC COM 44107P104 13,629 816,104 SH   SOLE   816,104 0 0
POST PPTYS INC COM 737464107 3,524 58,985 SH   SOLE   58,985 0 0
DUKE REALTY CORP COM NEW 264411505 8,392 372,304 SH   SOLE   372,304 0 0
PUBLIC STORAGE COM 74460D109 43,142 156,407 SH   SOLE   156,407 0 0
WEYERHAEUSER CO COM 962166104 26,413 852,590 SH   SOLE   852,590 0 0
REGENCY CTRS CORP COM 758849103 7,877 105,234 SH   SOLE   105,234 0 0
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 3,925 122,465 SH   SOLE   122,465 0 0
GLADSTONE COML CORP COM 376536108 381 23,254 SH   SOLE   23,254 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 641 100,517 SH   SOLE   100,517 0 0
ISHARES TR U.S. REAL ES ETF 464287739 116,790 1,500,000 SH   SOLE   1,500,000 0 0
FIRST POTOMAC RLTY TR COM 33610F109 623 68,780 SH   SOLE   68,780 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 666 92,124 SH   SOLE   92,124 0 0
EXTRA SPACE STORAGE INC COM 30225T102 11,687 125,053 SH   SOLE   125,053 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 6,618 140,539 SH   SOLE   140,539 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 3,150 224,969 SH   SOLE   224,969 0 0
DIGITAL RLTY TR INC COM 253868103 13,964 157,802 SH   SOLE   157,802 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 6,038 83,026 SH   SOLE   83,026 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 2,220 219,413 SH   SOLE   219,413 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 3,316 255,456 SH   SOLE   255,456 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 1,045 98,453 SH   SOLE   98,453 0 0
POTLATCH CORP NEW COM 737630103 1,282 40,691 SH   SOLE   40,691 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 7,025 152,048 SH   SOLE   152,048 0 0
DOUGLAS EMMETT INC COM 25960P109 4,456 147,977 SH   SOLE   147,977 0 0
UDR INC COM 902653104 10,889 282,619 SH   SOLE   282,619 0 0
HCP INC COM 40414L109 16,345 501,686 SH   SOLE   501,686 0 0
DUPONT FABROS TECHNOLOGY INC COM 26613Q106 3,245 80,057 SH   SOLE   80,057 0 0
WINTHROP RLTY TR SH BEN INT NEW 976391300 514 39,142 SH   SOLE   39,142 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 1,370 76,778 SH   SOLE   76,778 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 2,278 78,371 SH   SOLE   78,371 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 1,715 64,801 SH   SOLE   64,801 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 3,204 157,777 SH   SOLE   157,777 0 0
TERRENO RLTY CORP COM 88146M101 1,089 46,459 SH   SOLE   46,459 0 0
CHATHAM LODGING TR COM 16208T102 860 40,150 SH   SOLE   40,150 0 0
HUDSON PAC PPTYS INC COM 444097109 2,310 79,867 SH   SOLE   79,867 0 0
CORESITE RLTY CORP COM 21870Q105 2,336 33,372 SH   SOLE   33,372 0 0
WHITESTONE REIT COM 966084204 347 27,622 SH   SOLE   27,622 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 16,156 543,430 SH   SOLE   543,430 0 0
AMERICAN ASSETS TR INC COM 024013104 1,675 41,950 SH   SOLE   41,950 0 0
SUMMIT HOTEL PPTYS COM 866082100 1,099 91,828 SH   SOLE   91,828 0 0
PREFERRED APT CMNTYS INC COM 74039L103 304 23,945 SH   SOLE   23,945 0 0
RLJ LODGING TR COM 74965L101 3,122 136,460 SH   SOLE   136,460 0 0
PROLOGIS INC COM 74340W103 24,977 565,342 SH   SOLE   565,342 0 0
DDR CORP COM 23317H102 5,926 333,126 SH   SOLE   333,126 0 0
CUBESMART COM 229663109 6,314 189,615 SH   SOLE   189,615 0 0
ROUSE PPTYS INC COM 779287101 732 39,799 SH   SOLE   39,799 0 0
AMERICAN TOWER CORP NEW COM 03027X100 46,669 455,888 SH   SOLE   455,888 0 0
BLUEROCK RESIDENTIAL GRW REI COM CL A 09627J102 223 20,504 SH   SOLE   20,504 0 0
NEW YORK REIT INC COM 64976L109 1,797 177,920 SH   SOLE   177,920 0 0
CARETRUST REIT INC COM 14174T107 699 55,061 SH   SOLE   55,061 0 0
GEO GROUP INC NEW COM 36162J106 2,690 77,601 SH   SOLE   77,601 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 3,866 136,984 SH   SOLE   136,984 0 0
KITE RLTY GROUP TR COM NEW 49803T300 2,473 89,244 SH   SOLE   89,244 0 0
NEW SR INVT GROUP INC COM 648691103 899 87,273 SH   SOLE   87,273 0 0
DCT INDUSTRIAL TRUST INC COM NEW 233153204 3,792 96,068 SH   SOLE   96,068 0 0
STORE CAP CORP COM 862121100 2,908 112,358 SH   SOLE   112,358 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 5,425 88,213 SH   SOLE   88,213 0 0
PARAMOUNT GROUP INC COM 69924R108 2,494 156,333 SH   SOLE   156,333 0 0
OUTFRONT MEDIA INC COM 69007J106 3,141 148,839 SH   SOLE   148,839 0 0
MONOGRAM RESIDENTIAL TR INC COM 60979P105 1,818 184,354 SH   SOLE   184,354 0 0
EDUCATION RLTY TR INC COM NEW 28140H203 2,804 67,392 SH   SOLE   67,392 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 31,169 360,340 SH   SOLE   360,340 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 4,139 140,677 SH   SOLE   140,677 0 0
URBAN EDGE PPTYS COM 91704F104 2,512 97,203 SH   SOLE   97,203 0 0
WP GLIMCHER IN COM 92939N102 1,899 200,141 SH   SOLE   200,141 0 0
IRON MTN INC NEW COM 46284V101 6,819 201,089 SH   SOLE   201,089 0 0
EQUINIX INC COM PAR $0.001 29444U700 24,435 73,886 SH   SOLE   73,886 0 0
XENIA HOTELS & RESORTS INC COM 984017103 1,899 121,567 SH   SOLE   121,567 0 0
EASTERLY GOVT PPTYS INC COM 27616P103 273 14,727 SH   SOLE   14,727 0 0
NEXPOINT RESIDENTIAL TR INC COM 65341D102 240 18,365 SH   SOLE   18,365 0 0
COMMUNICATIONS SALES&LEAS IN COM 20341J104 2,935 131,917 SH   SOLE   131,917 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 530 24,977 SH   SOLE   24,977 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 3,601 181,776 SH   SOLE   181,776 0 0
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 953 44,636 SH   SOLE   44,636 0 0
TIER REIT INC COM NEW 88650V208 701 52,125 SH   SOLE   52,125 0 0
VEREIT INC COM 92339V100 8,744 985,845 SH   SOLE   985,845 0 0
CARE CAP PPTYS INC COM 141624106 2,413 89,888 SH   SOLE   89,888 0 0
WELLTOWER INC COM 95040Q104 26,561 383,049 SH   SOLE   383,049 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 845 72,837 SH   SOLE   72,837 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 2,484 189,319 SH   SOLE   189,319 0 0
CORENERGY INFRASTRUCTURE TR COM NEW 21870U502 255 12,695 SH   SOLE   12,695 0 0
GRAMERCY PPTY TR COM 385002100 3,814 451,331 SH   SOLE   451,331 0 0
COLONY STARWOOD HOMES COM 19625X102 1,321 53,362 SH   SOLE   53,362 0 0
SAUL CTRS INC COM 804395101 798 15,057 SH   SOLE   15,057 0 0
SOVRAN SELF STORAGE INC COM 84610H108 4,963 42,078 SH   SOLE   42,078 0 0
SL GREEN RLTY CORP COM 78440X101 10,413 107,483 SH   SOLE   107,483 0 0
SIMON PPTY GROUP INC NEW COM 828806109 69,625 335,235 SH   SOLE   335,235 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 2,151 106,928 SH   SOLE   106,928 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 1,413 70,355 SH   SOLE   70,355 0 0
STAG INDL INC COM 85254J102 1,503 73,832 SH   SOLE   73,832 0 0
SELECT INCOME REIT COM SH BEN INT 81618T100 1,695 73,541 SH   SOLE   73,541 0 0
RETAIL PPTYS AMER INC CL A 76131V202 4,078 257,274 SH   SOLE   257,274 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 2,732 53,069 SH   SOLE   53,069 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 547 36,820 SH   SOLE   36,820 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 5,165 459,110 SH   SOLE   459,110 0 0
REXFORD INDL RLTY INC COM 76169C100 1,074 59,147 SH   SOLE   59,147 0 0
RSP PERMIAN INC COM 74978Q105 230,593 7,940,524 SH   SOLE   7,940,524 0 0
TRIANGLE PETE CORP COM NEW 89600B201 6,129 11,350,000 SH   SOLE   11,350,000 0 0
CRESCENT PT ENERGY CORP COM 22576C101 96,599 6,977,609 SH   SOLE   6,977,609 0 0
ING GROEP N V DBCV 6.000%12/2 456837AE3 281 300,000 PRN   SOLE   300,000 0 0
PEABODY ENERGY CORP SDCV 4.750%12/1 704549AG9 4 500,000 PRN   SOLE   500,000 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 2,166 95,397 SH   SOLE   95,397 0 0
BCE INC PUT 05534B950 4,311 94,200 SH   SOLE   94,200 0 0
BB&T CORP COM 054937107 1,966 59,100 SH   SOLE   59,100 0 0
AMERICAN ELEC PWR INC COM 025537101 4,542 68,400 SH   SOLE   68,400 0 0
DOMINION RES INC VA NEW COM 25746U109 5,191 69,100 SH   SOLE   69,100 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 4,667 68,200 SH   SOLE   68,200 0 0
PPL CORP COM 69351T106 4,378 115,000 SH   SOLE   115,000 0 0
UNION PAC CORP COM 907818108 4,638 58,300 SH   SOLE   58,300 0 0
PROCTER & GAMBLE CO COM 742718109 6,873 83,500 SH   SOLE   83,500 0 0
CISCO SYS INC COM 17275R102 5,164 181,400 SH   SOLE   181,400 0 0
EXXON MOBIL CORP COM 30231G102 8,334 99,700 SH   SOLE   99,700 0 0
GENERAL ELECTRIC CO COM 369604103 8,561 269,300 SH   SOLE   269,300 0 0
MICROSOFT CORP COM 594918104 5,783 104,700 SH   SOLE   104,700 0 0
PFIZER INC COM 717081103 6,894 232,600 SH   SOLE   232,600 0 0
WAL-MART STORES INC COM 931142103 6,712 98,000 SH   SOLE   98,000 0 0
WELLS FARGO & CO NEW COM 949746101 5,803 120,000 SH   SOLE   120,000 0 0
KIMBERLY CLARK CORP COM 494368103 5,030 37,397 SH   SOLE   37,397 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 4,559 30,100 SH   SOLE   30,100 0 0
DOW CHEM CO COM 260543103 4,908 96,500 SH   SOLE   96,500 0 0
MATTEL INC COM 577081102 4,229 125,800 SH   SOLE   125,800 0 0
JOHNSON & JOHNSON COM 478160104 10,398 96,100 SH   SOLE   96,100 0 0
MCDONALDS CORP COM 580135101 5,216 41,500 SH   SOLE   41,500 0 0
WASTE MGMT INC DEL COM 94106L109 2,962 50,200 SH   SOLE   50,200 0 0
COCA COLA CO COM 191216100 5,836 125,800 SH   SOLE   125,800 0 0
ANALOG DEVICES INC COM 032654105 2,942 49,700 SH   SOLE   49,700 0 0
PEPSICO INC COM 713448108 6,969 68,000 SH   SOLE   68,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 4,590 22,100 SH   SOLE   22,100 0 0
GENERAL MLS INC COM 370334104 4,111 64,900 SH   SOLE   64,900 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 3,042 82,700 SH   SOLE   82,700 0 0
METLIFE INC COM 59156R108 3,779 86,000 SH   SOLE   86,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 15,050 278,300 SH   SOLE   278,300 0 0
XCEL ENERGY INC COM 98389B100 5,650 135,100 SH   SOLE   135,100 0 0
US BANCORP DEL COM NEW 902973304 2,679 66,000 SH   SOLE   66,000 0 0
CHEVRON CORP NEW COM 166764100 8,099 84,900 SH   SOLE   84,900 0 0
3M CO COM 88579Y101 4,782 28,700 SH   SOLE   28,700 0 0
ALTRIA GROUP INC COM 02209S103 5,044 80,500 SH   SOLE   80,500 0 0
CA INC COM 12673P105 3,993 129,700 SH   SOLE   129,700 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 2,793 24,200 SH   SOLE   24,200 0 0
MERCK & CO INC NEW COM 58933Y105 3,307 62,500 SH   SOLE   62,500 0 0
NEXTERA ENERGY INC COM 65339F101 4,012 33,900 SH   SOLE   33,900 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 6,527 80,900 SH   SOLE   80,900 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 2,387 77,188 SH   SOLE   77,188 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 3,036 35,100 SH   SOLE   35,100 0 0
KRAFT HEINZ CO COM 500754106 5,311 67,600 SH   SOLE   67,600 0 0
CHUBB LIMITED COM H1467J104 4,075 34,200 SH   SOLE   34,200 0 0
BCE INC PUT 05534B950 4,311 94,200 SH   DFND 1 94,200 0 0
BB&T CORP COM 054937107 1,966 59,100 SH   DFND 1 59,100 0 0
AMERICAN ELEC PWR INC COM 025537101 4,542 68,400 SH   DFND 1 68,400 0 0
DOMINION RES INC VA NEW COM 25746U109 5,191 69,100 SH   DFND 1 69,100 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 4,667 68,200 SH   DFND 1 68,200 0 0
PPL CORP COM 69351T106 4,378 115,000 SH   DFND 1 115,000 0 0
UNION PAC CORP COM 907818108 4,638 58,300 SH   DFND 1 58,300 0 0
PROCTER & GAMBLE CO COM 742718109 6,873 83,500 SH   DFND 1 83,500 0 0
CISCO SYS INC COM 17275R102 5,164 181,400 SH   DFND 1 181,400 0 0
EXXON MOBIL CORP COM 30231G102 8,334 99,700 SH   DFND 1 99,700 0 0
GENERAL ELECTRIC CO COM 369604103 8,561 269,300 SH   DFND 1 269,300 0 0
MICROSOFT CORP COM 594918104 5,783 104,700 SH   DFND 1 104,700 0 0
PFIZER INC COM 717081103 6,894 232,600 SH   DFND 1 232,600 0 0
WAL-MART STORES INC COM 931142103 6,712 98,000 SH   DFND 1 98,000 0 0
WELLS FARGO & CO NEW COM 949746101 5,803 120,000 SH   DFND 1 120,000 0 0
KIMBERLY CLARK CORP COM 494368103 5,030 37,397 SH   DFND 1 37,397 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 4,559 30,100 SH   DFND 1 30,100 0 0
DOW CHEM CO COM 260543103 4,908 96,500 SH   DFND 1 96,500 0 0
MATTEL INC COM 577081102 4,229 125,800 SH   DFND 1 125,800 0 0
JOHNSON & JOHNSON COM 478160104 10,398 96,100 SH   DFND 1 96,100 0 0
MCDONALDS CORP COM 580135101 5,216 41,500 SH   DFND 1 41,500 0 0
WASTE MGMT INC DEL COM 94106L109 2,962 50,200 SH   DFND 1 50,200 0 0
COCA COLA CO COM 191216100 5,836 125,800 SH   DFND 1 125,800 0 0
ANALOG DEVICES INC COM 032654105 2,942 49,700 SH   DFND 1 49,700 0 0
PEPSICO INC COM 713448108 6,969 68,000 SH   DFND 1 68,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 4,590 22,100 SH   DFND 1 22,100 0 0
GENERAL MLS INC COM 370334104 4,111 64,900 SH   DFND 1 64,900 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 3,042 82,700 SH   DFND 1 82,700 0 0
METLIFE INC COM 59156R108 3,779 86,000 SH   DFND 1 86,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 15,050 278,300 SH   DFND 1 278,300 0 0
XCEL ENERGY INC COM 98389B100 5,650 135,100 SH   DFND 1 135,100 0 0
US BANCORP DEL COM NEW 902973304 2,679 66,000 SH   DFND 1 66,000 0 0
CHEVRON CORP NEW COM 166764100 8,099 84,900 SH   DFND 1 84,900 0 0
3M CO COM 88579Y101 4,782 28,700 SH   DFND 1 28,700 0 0
ALTRIA GROUP INC COM 02209S103 5,044 80,500 SH   DFND 1 80,500 0 0
CA INC COM 12673P105 3,993 129,700 SH   DFND 1 129,700 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 2,793 24,200 SH   DFND 1 24,200 0 0
MERCK & CO INC NEW COM 58933Y105 3,307 62,500 SH   DFND 1 62,500 0 0
NEXTERA ENERGY INC COM 65339F101 4,012 33,900 SH   DFND 1 33,900 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 6,527 80,900 SH   DFND 1 80,900 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 2,387 77,188 SH   DFND 1 77,188 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 3,036 35,100 SH   DFND 1 35,100 0 0
KRAFT HEINZ CO COM 500754106 5,311 67,600 SH   DFND 1 67,600 0 0
CHUBB LIMITED COM H1467J104 4,075 34,200 SH   DFND 1 34,200 0 0