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
Altria Group Inc COM 02209S103 3,373 53,837 SH   DFND 1 53,837 0 0
American Express Co COM 025816109 3,214 52,351 SH   DFND 1 52,351 0 0
Ameriprise Financial Inc COM 03076C106 1,401 14,900 SH   DFND 1 14,900 0 0
AT&T Inc COM 00206R102 5,096 130,105 SH   DFND 1 130,105 0 0
Bank of America Corp COM 060505104 3,888 287,600 SH   DFND 1 287,600 0 0
BP PLC-ADR COM 055622104 4,069 134,832 SH   DFND 1 134,832 0 0
Cisco Systems Inc COM 17275R102 1,988 69,811 SH   DFND 1 69,811 0 0
Citigroup Inc COM 172967424 818 19,603 SH   DFND 1 19,603 0 0
ConocoPhillips COM 20825C104 2,592 64,369 SH   DFND 1 64,369 0 0
CRH PLC-ADR COM 12626K203 3,825 135,740 SH   DFND 1 135,740 0 0
Entergy Corp COM 29364G103 4,548 57,365 SH   DFND 1 57,365 0 0
Gap Inc/The COM 364760108 2,040 69,400 SH   DFND 1 69,400 0 0
General Dynamics Corp COM 369550108 1,520 11,568 SH   DFND 1 11,568 0 0
General Electric Co COM 369604103 2,426 76,300 SH   DFND 1 76,300 0 0
Honeywell International Inc COM 438516106 4,157 37,100 SH   DFND 1 37,100 0 0
Intel Corp COM 458140100 2,585 79,900 SH   DFND 1 79,900 0 0
International Business Machine COM 459200101 2,908 19,200 SH   DFND 1 19,200 0 0
International Paper Co COM 460146103 1,252 30,500 SH   DFND 1 30,500 0 0
Johnson & Johnson COM 478160104 3,334 30,814 SH   DFND 1 30,814 0 0
JPMorgan Chase & Co COM 46625H100 3,494 59,000 SH   DFND 1 59,000 0 0
Lennar Corp COM 526057104 2,795 57,800 SH   DFND 1 57,800 0 0
Loews Corp COM 540424108 3,486 91,126 SH   DFND 1 91,126 0 0
Medtronic PLC COM G5960L103 4,395 58,600 SH   DFND 1 58,600 0 0
Merck & Co Inc COM 58933Y105 4,522 85,472 SH   DFND 1 85,472 0 0
Microsoft Corp COM 594918104 5,042 91,300 SH   DFND 1 91,300 0 0
Norfolk Southern Corp COM 655844108 2,023 24,300 SH   DFND 1 24,300 0 0
Occidental Petroleum Corp COM 674599105 2,564 37,468 SH   DFND 1 37,468 0 0
Oracle Corp COM 68389X105 1,550 37,900 SH   DFND 1 37,900 0 0
Pfizer Inc COM 717081103 5,667 191,200 SH   DFND 1 191,200 0 0
Philip Morris International In COM 718172109 6,946 70,800 SH   DFND 1 70,800 0 0
Phillips 66 COM 718546104 4,750 54,860 SH   DFND 1 54,860 0 0
PNC Financial Services Group I COM 693475105 2,055 24,300 SH   DFND 1 24,300 0 0
Raytheon Co COM 755111507 4,353 35,500 SH   DFND 1 35,500 0 0
RIO TINTO-ADR COM 767204100 975 34,500 SH   DFND 1 34,500 0 0
Southwest Airlines Co COM 844741108 3,238 72,279 SH   DFND 1 72,279 0 0
Stanley Black & Decker Inc COM 854502101 4,187 39,800 SH   DFND 1 39,800 0 0
State Street Corp COM 857477103 1,568 26,800 SH   DFND 1 26,800 0 0
Target Corp COM 87612E106 5,321 64,672 SH   DFND 1 64,672 0 0
United Technologies Corp COM 913017109 1,532 15,300 SH   DFND 1 15,300 0 0
Verizon Communications Inc COM 92343V104 5,673 104,900 SH   DFND 1 104,900 0 0
Wal-Mart Stores Inc COM 931142103 3,377 49,300 SH   DFND 1 49,300 0 0
Wells Fargo & Co COM 949746101 7,878 162,900 SH   DFND 1 162,900 0 0
Whirlpool Corp COM 963320106 1,569 8,700 SH   DFND 1 8,700 0 0