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
Abbott Labs. COM 002824100 499 15,045 SH   DFND 1 15,045 0 0
Abbvie Inc COM 00287y109 682 15,255 SH   DFND 1 15,255 0 0
Adobe Systems COM 00724f101 666 12,825 SH   DFND 1 12,825 0 0
Aecom Technology Corp COM 00766T100 302 9,665 SH   DFND 1 9,665 0 0
AGL Resources Inc. COM 001204106 603 13,100 SH   DFND 1 13,100 0 0
Air Products & Chemicals, Inc. COM 009158106 304 2,850 SH   DFND 1 2,850 0 0
Akamai Technologies Inc. COM 00971t101 475 9,185 SH   DFND 1 9,185 0 0
Alcoa Inc. COM 013817101 289 35,585 SH   DFND 1 35,585 0 0
Allegheny Technologies Inc. COM 01741r102 280 9,165 SH   DFND 1 9,165 0 0
Allergan, Inc. COM 018490102 618 6,835 SH   DFND 1 6,835 0 0
Altria Group, Inc. COM 02209s103 1,669 48,575 SH   DFND 1 48,575 0 0
Amdocs Ltd COM G02602103 231 6,300 SH   DFND 1 6,300 0 0
American Express COM 025816109 1,064 14,085 SH   DFND 1 14,085 0 0
Anadarko Petroleum Corp. COM 032511107 1,012 10,885 SH   DFND 1 10,885 0 0
Apple Inc COM 037833100 3,864 8,105 SH   DFND 1 8,105 0 0
Ares Capital Corp COM 04010L103 200 11,575 SH   DFND 1 11,575 0 0
Arthur J. Gallagher & Co. COM 363576109 810 18,560 SH   DFND 1 18,560 0 0
AT&T Inc. COM 00206R102 2,728 80,670 SH   DFND 1 80,670 0 0
Atmos Energy Corp. COM 049560105 589 13,825 SH   DFND 1 13,825 0 0
Baker Hughes COM 057224107 487 9,920 SH   DFND 1 9,920 0 0
Bank of New York Mellon Corp. COM 064058100 698 23,115 SH   DFND 1 23,115 0 0
Baxter International, Inc. COM 071813109 604 9,200 SH   DFND 1 9,200 0 0
BB&T Corporation COM 054937107 441 13,075 SH   DFND 1 13,075 0 0
Bed Bath & Beyond Inc. COM 075896100 779 10,065 SH   DFND 1 10,065 0 0
Blackstone Group LP COM 09253u108 426 17,100 SH   DFND 1 17,100 0 0
Block H&R COM 093671105 830 31,135 SH   DFND 1 31,135 0 0
Boardwalk Pipeline Partners L. COM 096627104 367 12,100 SH   DFND 1 12,100 0 0
Boeing Company COM 097023105 2,053 17,470 SH   DFND 1 17,470 0 0
Boston Properties Inc COM 101121101 588 5,500 SH   DFND 1 5,500 0 0
BP plc ADR COM 055622104 566 13,464 SH   DFND 1 13,464 0 0
BRE Properties COM 05564E106 396 7,800 SH   DFND 1 7,800 0 0
Broadcom Corp COM 111320107 302 11,610 SH   DFND 1 11,610 0 0
Cameron International Corp COM 13342B105 453 7,760 SH   DFND 1 7,760 0 0
Capital One Financial COM 14040H105 645 9,390 SH   DFND 1 9,390 0 0
Carefusion Corp. COM 14170T101 356 9,635 SH   DFND 1 9,635 0 0
Caterpillar Inc. COM 149123101 479 5,740 SH   DFND 1 5,740 0 0
CBS Corp. COM 124857202 1,017 18,437 SH   DFND 1 18,437 0 0
Celgene Corp. COM 151020104 1,512 9,810 SH   DFND 1 9,810 0 0
Charles Schwab Corp. COM 808513105 853 40,370 SH   DFND 1 40,370 0 0
Chesapeake Energy Corp COM 165167107 332 12,830 SH   DFND 1 12,830 0 0
Chevron Corp. COM 166764100 2,780 22,883 SH   DFND 1 22,883 0 0
Church & Dwight Co. COM 171340102 674 11,220 SH   DFND 1 11,220 0 0
Cinemark Holdings Inc. COM 17243v102 590 18,600 SH   DFND 1 18,600 0 0
Cisco Systems COM 17275R102 1,295 55,290 SH   DFND 1 55,290 0 0
Cliffs Natural Resources Inc COM 18683k101 222 10,825 SH   DFND 1 10,825 0 0
CMS Energy Corp. COM 125896100 663 25,175 SH   DFND 1 25,175 0 0
Coach Inc COM 189754104 309 5,675 SH   DFND 1 5,675 0 0
Coca-Cola COM 191216100 1,599 42,211 SH   DFND 1 42,211 0 0
Cognizant Tech Solutions Corp. COM 192446102 348 4,235 SH   DFND 1 4,235 0 0
Columbia Sportswear Co COM 198516106 300 4,985 SH   DFND 1 4,985 0 0
ConAgra Foods, Inc. COM 205887102 487 16,050 SH   DFND 1 16,050 0 0
Consolidated Edison COM 209115104 795 14,420 SH   DFND 1 14,420 0 0
Constellation Brands COM 21036p108 399 6,950 SH   DFND 1 6,950 0 0
Continental Resources Inc COM 212015101 505 4,705 SH   DFND 1 4,705 0 0
Corning Inc. COM 219350105 263 18,045 SH   DFND 1 18,045 0 0
Costco Co. COM 22160k105 484 4,200 SH   DFND 1 4,200 0 0
Covidien PLC COM G2554f113 406 6,665 SH   DFND 1 6,665 0 0
Cummins Inc COM 231021106 627 4,720 SH   DFND 1 4,720 0 0
CVS Caremark Corp. COM 126650100 1,064 18,755 SH   DFND 1 18,755 0 0
Danaher Corp. COM 235851102 960 13,850 SH   DFND 1 13,850 0 0
Darden Restaurants Inc. COM 237194105 724 15,635 SH   DFND 1 15,635 0 0
Davita Healthcare Partners Inc COM 23918K108 463 8,130 SH   DFND 1 8,130 0 0
DCP Midstream Partners LP COM 23311p100 818 16,475 SH   DFND 1 16,475 0 0
Diamond Offshore Drilling COM 25271c102 821 13,170 SH   DFND 1 13,170 0 0
Diebold Inc COM 253651103 299 10,200 SH   DFND 1 10,200 0 0
Digital Realty COM 253868103 531 10,000 SH   DFND 1 10,000 0 0
DirectTV COM 25490a309 600 10,035 SH   DFND 1 10,035 0 0
Dollar General COM 256677105 416 7,375 SH   DFND 1 7,375 0 0
Dominion Resources COM 25746u109 727 11,640 SH   DFND 1 11,640 0 0
Du Pont (E.I.) De Nemours & Co COM 263534109 1,162 19,850 SH   DFND 1 19,850 0 0
Duke Energy Corp. COM 26441C204 1,020 152,741 SH   DFND 1 15,274 0 0
Duke Realty Corp. COM 264411505 205 13,300 SH   DFND 1 13,300 0 0
EMC Corp. COM 268648102 872 34,125 SH   DFND 1 34,125 0 0
Enbridge Energy Partners LP COM 29250r106 461 15,125 SH   DFND 1 15,125 0 0
Energizer Holdings Inc COM 29266R108 569 6,245 SH   DFND 1 6,245 0 0
Enterprise Products Partners L COM 293792107 871 14,265 SH   DFND 1 14,265 0 0
EOG Resources COM 26875p101 865 5,110 SH   DFND 1 5,110 0 0
Equity Residential Properties COM 29476l107 611 11,400 SH   DFND 1 11,400 0 0
Express COM 30219e103 330 13,990 SH   DFND 1 13,990 0 0
Express Scripts Holding Compan COM 30219g108 601 9,730 SH   DFND 1 9,730 0 0
Exxon Mobil Corp. COM 30231g102 3,236 37,610 SH   DFND 1 37,610 0 0
F5 Networks Inc. COM 315616102 310 3,610 SH   DFND 1 3,610 0 0
Fedex Corp. COM 31428x106 584 5,120 SH   DFND 1 5,120 0 0
Fifth Street Finance Corp COM 31678a103 200 19,400 SH   DFND 1 19,400 0 0
Fifth Third Bancorp COM 316773100 447 24,755 SH   DFND 1 24,755 0 0
Finisar Corp COM 31787a507 388 17,165 SH   DFND 1 17,165 0 0
Flowserve Corp. COM 34354P105 670 10,735 SH   DFND 1 10,735 0 0
FMC Technologies Inc COM 30249U101 540 9,750 SH   DFND 1 9,750 0 0
Freeport-McMoRan Copper & Gold COM 35671d857 805 24,320 SH   DFND 1 24,320 0 0
Frontier Communications Corp COM 35906a108 194 46,485 SH   DFND 1 46,485 0 0
General Electric Co. COM 369604103 3,062 128,185 SH   DFND 1 128,185 0 0
Genuine Parts Co. COM 372460105 526 6,500 SH   DFND 1 6,500 0 0
Gilead Science Inc COM 375558103 910 14,480 SH   DFND 1 14,480 0 0
Goldman Sachs Group COM 38141g104 1,140 7,205 SH   DFND 1 7,205 0 0
Goodyear Tire & Rubber Company COM 382550101 526 23,435 SH   DFND 1 23,435 0 0
Google Inc. Cl A COM 38259P508 2,155 2,460 SH   DFND 1 2,460 0 0
Halliburton Co. COM 406216101 716 14,860 SH   DFND 1 14,860 0 0
Hawaiian Electric Ind. COM 419870100 499 19,900 SH   DFND 1 19,900 0 0
HCP Inc COM 40414L109 680 16,600 SH   DFND 1 16,600 0 0
Health Care REIT, Inc. COM 42217k106 410 6,575 SH   DFND 1 6,575 0 0
Hess Corporation COM 42809h107 472 6,100 SH   DFND 1 6,100 0 0
Hologic Inc COM 436440101 210 10,150 SH   DFND 1 10,150 0 0
Home Depot, Inc. COM 437076102 2,287 30,150 SH   DFND 1 30,150 0 0
Honeywell International, Inc. COM 438516106 1,608 19,365 SH   DFND 1 19,365 0 0
Intel Corp. COM 458140100 1,749 76,315 SH   DFND 1 76,315 0 0
International Business Machine COM 459200101 2,643 14,275 SH   DFND 1 14,275 0 0
Invesco Ltd COM g491bt108 765 23,980 SH   DFND 1 23,980 0 0
Johnson & Johnson COM 478160104 2,814 32,455 SH   DFND 1 32,455 0 0
Johnson Controls, Inc. COM 478366107 643 15,500 SH   DFND 1 15,500 0 0
Joy Global Inc. COM 481165108 243 4,765 SH   DFND 1 4,765 0 0
JPMorgan Chase & Co. COM 46625h100 2,510 48,550 SH   DFND 1 48,550 0 0
Kimco Realty Corp. COM 49446r109 383 19,000 SH   DFND 1 19,000 0 0
Kinder Morgan Inc. COM 49456b101 601 16,897 SH   DFND 1 16,897 0 0
Kraft Foods Group Inc. COM 50076q106 417 7,947 SH   DFND 1 7,947 0 0
L Brands Inc COM 501797104 687 11,240 SH   DFND 1 11,240 0 0
Liberty Property Trust COM 531172104 349 9,800 SH   DFND 1 9,800 0 0
Lilly (Eli) & Co. COM 532457108 1,241 24,665 SH   DFND 1 24,665 0 0
Linear Technology Corp. COM 535678106 713 17,990 SH   DFND 1 17,990 0 0
Lorillard Inc. COM 544147101 297 6,625 SH   DFND 1 6,625 0 0
Lowe's Co. COM 548661107 1,342 28,185 SH   DFND 1 28,185 0 0
Macerich Co. COM 554382101 426 7,543 SH   DFND 1 7,543 0 0
Mack-Cali Realty Corp. COM 554489104 204 9,300 SH   DFND 1 9,300 0 0
Marsh & McLennan Companies, In COM 571748102 1,070 24,575 SH   DFND 1 24,575 0 0
Mattel Inc. COM 577081102 974 23,250 SH   DFND 1 23,250 0 0
Maxim Integrated Products, Inc COM 57772k101 729 24,450 SH   DFND 1 24,450 0 0
McCormick & Co. COM 579780206 510 7,880 SH   DFND 1 7,880 0 0
McDonald's Corp. COM 580135101 1,500 15,590 SH   DFND 1 15,590 0 0
Merck & Co., Inc. COM 58933y105 1,717 36,065 SH   DFND 1 36,065 0 0
Metlife Inc COM 59156R108 769 16,380 SH   DFND 1 16,380 0 0
Microsoft Corp COM 594918104 2,853 85,725 SH   DFND 1 85,725 0 0
Mitsubishi UFJ Financial Group COM 606822104 140 21,800 SH   DFND 1 21,800 0 0
Molson Coors Brewing Company COM 60871r209 654 13,055 SH   DFND 1 13,055 0 0
Mondelez International Inc COM 609207105 744 23,680 SH   DFND 1 23,680 0 0
Monsanto Co. COM 61166w101 507 4,860 SH   DFND 1 4,860 0 0
Morgan Stanley, Dean Witter, D COM 617446448 1,175 43,615 SH   DFND 1 43,615 0 0
Mylan Inc. COM 628530107 583 15,270 SH   DFND 1 15,270 0 0
National Fuel Gas Co. COM 636180101 956 13,900 SH   DFND 1 13,900 0 0
National Oilwell Varco Inc COM 637071101 572 7,320 SH   DFND 1 7,320 0 0
New York Community Bancorp COM 649445103 213 14,100 SH   DFND 1 14,100 0 0
NextEra Energy Inc COM 65339f101 723 9,020 SH   DFND 1 9,020 0 0
Nisource Inc. COM 65473P105 852 27,570 SH   DFND 1 27,570 0 0
Northrop Grumman Corp. COM 666807102 994 10,430 SH   DFND 1 10,430 0 0
Nuance Communications Inc COM 67020y100 307 16,425 SH   DFND 1 16,425 0 0
Occidental Petroleum COM 674599105 780 8,340 SH   DFND 1 8,340 0 0
Oracle Corp. COM 68389x105 1,469 44,275 SH   DFND 1 44,275 0 0
Pepco Holdings, Inc. COM 713291102 199 10,800 SH   DFND 1 10,800 0 0
PepsiCo, Inc. COM 713448108 1,598 20,095 SH   DFND 1 20,095 0 0
Pfizer, Inc. COM 717081103 2,399 83,529 SH   DFND 1 83,529 0 0
Philip Morris International In COM 718172109 550 6,350 SH   DFND 1 6,350 0 0
Pinnacle West Capital COM 723484101 287 5,250 SH   DFND 1 5,250 0 0
Plains All American Pipeline L COM 726503105 498 9,450 SH   DFND 1 9,450 0 0
Plum Creek Timber Co., Inc. COM 729251108 524 11,200 SH   DFND 1 11,200 0 0
PNC Financial Services Group COM 693475105 1,390 19,187 SH   DFND 1 19,187 0 0
PPG Industries, Inc. COM 693506107 1,734 10,380 SH   DFND 1 10,380 0 0
PPL Corp. COM 69351t106 449 14,790 SH   DFND 1 14,790 0 0
Praxair, Inc. COM 74005P104 584 4,855 SH   DFND 1 4,855 0 0
Principal Financial Group COM 74251V102 1,275 29,765 SH   DFND 1 29,765 0 0
Procter & Gamble, Inc. COM 742718109 2,305 30,495 SH   DFND 1 30,495 0 0
Prospect Capital Corp COM 74348t102 198 17,700 SH   DFND 1 17,700 0 0
Prudential Financial, Inc. COM 744320102 1,977 25,355 SH   DFND 1 25,355 0 0
Public Service Enterprise Grou COM 744573106 339 10,300 SH   DFND 1 10,300 0 0
Qualcomm Inc. COM 747525103 1,279 18,995 SH   DFND 1 18,995 0 0
Quest Diagnostics Inc COM 74834L100 290 4,700 SH   DFND 1 4,700 0 0
Regal Entertainment Group - A COM 758766109 471 24,800 SH   DFND 1 24,800 0 0
Regions Financial Corp. COM 7591EP100 131 14,137 SH   DFND 1 14,137 0 0
Rockwell Collins Inc. COM 774341101 534 7,865 SH   DFND 1 7,865 0 0
Royal Dutch Shell PLC COM 780259206 550 8,375 SH   DFND 1 8,375 0 0
Schlumberger Ltd. COM 806857108 1,317 14,900 SH   DFND 1 14,900 0 0
Seadrill Ltd COM G7945e105 938 20,800 SH   DFND 1 20,800 0 0
Sealed Air Corp. COM 81211k100 236 8,680 SH   DFND 1 8,680 0 0
Seaspan Corp COM Y75638109 516 21,100 SH   DFND 1 21,100 0 0
Ship Finance Intl Ltd COM g81075106 200 13,100 SH   DFND 1 13,100 0 0
Simon Property Group, Inc. COM 828806109 905 6,105 SH   DFND 1 6,105 0 0
Southern Co. COM 842587107 1,411 34,255 SH   DFND 1 34,255 0 0
Spectra Energy Corp COM 847560109 984 28,752 SH   DFND 1 28,752 0 0
Starwood Hotels & Resorts Inc. COM 85590A401 654 9,835 SH   DFND 1 9,835 0 0
State Street Corp. COM 857477103 884 13,450 SH   DFND 1 13,450 0 0
Symantec Corp. COM 871503108 385 15,575 SH   DFND 1 15,575 0 0
Target Corp. COM 87612e106 1,466 22,915 SH   DFND 1 22,915 0 0
Tessera Technologies Inc. COM 88164L100 302 15,610 SH   DFND 1 15,610 0 0
Texas Instruments COM 882508104 1,442 35,800 SH   DFND 1 35,800 0 0
The Travelers Companies, Inc. COM 89417E109 1,312 15,475 SH   DFND 1 15,475 0 0
Thermo Fisher Scientific Inc COM 883556102 860 9,335 SH   DFND 1 9,335 0 0
Tiffany & Co. COM 886547108 399 5,210 SH   DFND 1 5,210 0 0
Toyota Motor Corp. ADR COM 892331307 352 2,750 SH   DFND 1 2,750 0 0
Transcanada Pipelines Ltd COM 89353d107 704 16,030 SH   DFND 1 16,030 0 0
Transocean Ltd COM H8817H100 260 5,849 SH   DFND 1 5,849 0 0
Tupperware Brands Corp COM 899896104 803 9,300 SH   DFND 1 9,300 0 0
U.S. Bancorp COM 902973304 1,329 36,332 SH   DFND 1 36,332 0 0
UDR Inc COM 902653104 423 17,831 SH   DFND 1 17,831 0 0
Union Pacific COM 907818108 969 6,235 SH   DFND 1 6,235 0 0
United Health Group Inc. COM 91324P102 676 9,445 SH   DFND 1 9,445 0 0
United Parcel Services Cl B COM 911312106 1,229 13,450 SH   DFND 1 13,450 0 0
United Technologies COM 913017109 1,150 10,670 SH   DFND 1 10,670 0 0
Varian Medical Systems Inc COM 92220P105 533 7,130 SH   DFND 1 7,130 0 0
Verifone Holdings Inc COM 92342Y109 203 8,895 SH   DFND 1 8,895 0 0
Verizon Communications Inc. COM 92343v104 1,947 41,710 SH   DFND 1 41,710 0 0
Wal-Mart COM 931142103 1,729 23,375 SH   DFND 1 23,375 0 0
Walgreen Co. COM 931422109 661 12,285 SH   DFND 1 12,285 0 0
Walt Disney Co. COM 254687106 1,824 28,290 SH   DFND 1 28,290 0 0
Weingarten Realty Investors COM 948741103 292 9,950 SH   DFND 1 9,950 0 0
WellPoint, Inc. COM 94973V107 547 6,545 SH   DFND 1 6,545 0 0
Wells Fargo Co. COM 949746101 2,006 48,540 SH   DFND 1 48,540 0 0
Western Gas Partners COM 958254104 854 14,200 SH   DFND 1 14,200 0 0
Westpac Banking Corp. Ltd ADR COM 961214301 368 12,000 SH   DFND 1 12,000 0 0
Williams Cos. COM 969457100 744 20,450 SH   DFND 1 20,450 0 0
Windstream Holdings Inc COM 97382a101 390 48,816 SH   DFND 1 48,816 0 0
Wisconsin Energy Corp. COM 976657106 611 15,120 SH   DFND 1 15,120 0 0
Xerox Corp. COM 984121103 341 33,175 SH   DFND 1 33,175 0 0
Zoetis COM 98978v103 371 11,935 SH   DFND 1 11,935 0 0
Kinder Morgan Inc Del Warrant COM 49456b119 66 13,263 SH   DFND 1 13,263 0 0
Wisdomtree Emerging Markets Eq COM 97717w315 762 14,750 SH   DFND 1 14,750 0 0