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
AGRIUM INC COM 008916108 3,524 39,000 SH   SOLE   39,000 0 0
BCE INC COM NEW 05534B760 8,542 180,000 SH   SOLE   180,000 0 0
BANK OF MONTREAL COM 063671101 8,909 140,000 SH   SOLE   140,000 0 0
BANK OF NOVA SCOTIA COM 064149107 11,164 227,000 SH   SOLE   227,000 0 0
BLACKBERRY LTD COM 09228F103 569 85,000 SH   SOLE   85,000 0 0
BROOKFIELD ASSET MANAGE CL A LTD VT SH 112585104 6,314 190,000 SH   SOLE   190,000 0 0
CAE INC COM 124765108 971 80,000 SH   SOLE   80,000 0 0
CAN IMPERIAL BK OF COMMERCE COM 136069101 5,642 75,000 SH   SOLE   75,000 0 0
CANADIAN NATL RAILWAY CO COM 136375102 10,258 172,900 SH   SOLE   172,900 0 0
CANADIAN NATURAL RESOURCES COM 136385101 7,401 240,000 SH   SOLE   240,000 0 0
CANADIAN PACIFIC RAILWAY LTD COM 13645T100 3,348 26,000 SH   SOLE   26,000 0 0
CENOVUS ENERGY INC COM 15135U109 346 25,000 SH   SOLE   25,000 0 0
ELDORADO GOLD CORP NEW COM 284902103 581 130,000 SH   SOLE   130,000 0 0
ENCANA CORP COM 292505104 1,176 150,000 SH   SOLE   150,000 0 0
ENBRIDGE INC COM 29250N105 6,733 158,500 SH   SOLE   158,500 0 0
FRANCO NEVADA CORP COM 351858105 2,509 33,000 SH   SOLE   33,000 0 0
GILDAN ACTIVEWEAR INC COM 375916103 1,172 40,000 SH   SOLE   40,000 0 0
CGI GROUP INC CL A SUB VTG 39945C109 2,355 55,000 SH   SOLE   55,000 0 0
MAGNA INTERNATIONAL INC COM 559222401 2,609 74,000 SH   SOLE   74,000 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 1,666 40,000 SH   SOLE   40,000 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 2,841 70,000 SH   SOLE   70,000 0 0
ROYAL BANK OF CANADA COM 780087102 16,867 284,000 SH   SOLE   284,000 0 0
SHAW COMMUNICATIONS INC CL B CONV 82028K200 1,453 75,000 SH   SOLE   75,000 0 0
SUNCOR ENERGY INC COM 867224107 9,477 342,400 SH   SOLE   342,400 0 0
TECK RESOURCES LTD CL B 878742204 1,159 90,000 SH   SOLE   90,000 0 0
TELUS CORP COM 87971M103 2,755 85,000 SH   SOLE   85,000 0 0
THOMSON REUTERS CORP COM 884903105 1,014 25,000 SH   SOLE   25,000 0 0
TORONTO-DOMINION BANK COM NEW 891160509 16,776 388,200 SH   SOLE   388,200 0 0
TRANSCANADA CORP COM 89353D107 7,041 155,000 SH   SOLE   155,000 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 1,115 55,000 SH   SOLE   55,000 0 0
LOGITECH INTL S A SHS H50430232 3,683 227,422 SH   SOLE   227,422 0 0
TRANSOCEAN LTD REG SHS H8817H100 10,711 923,333 SH   SOLE   923,333 0 0
UBS AG SHS NEW H42097107 14,598 1,127,696 SH   SOLE   1,127,696 0 0
DEUTSCHE BANK AG-REGISTERED NAMEN AKT D18190898 47,315 3,469,629 SH   SOLE   3,469,629 0 0
COCA COLA EUROPEAN PARTNERS SHS G25839104 71 2,000 SH   SOLE   2,000 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 19,379 171,862 SH   SOLE   171,862 0 0
INGERSOLL-RAND PLC SHS G47791101 4,085 64,244 SH   SOLE   64,244 0 0
EATON CORP PLC SHS G29183103 2,999 50,535 SH   SOLE   50,535 0 0
MALLINCKRODT PUB LTD CO SHS G5785G107 7,801 129,396 SH   SOLE   129,396 0 0
ALLEGION PUB LTD CO ORD SHS G0176J109 8,240 119,340 SH   SOLE   119,340 0 0
MEDTRONIC PLC SHS G5960L103 347 4,000 SH   SOLE   4,000 0 0
QIAGEN N.V. REG SHS N72482107 3,832 177,000 SH   SOLE   177,000 0 0
CNH INDUSTRIAL NV SHS N20944109 212 30,000 SH   SOLE   30,000 0 0
FIAT CHRYSLER AUTOMOBILES SHS N31738102 574 95,429 SH   SOLE   95,429 0 0
CARNIVAL CORP PAIRED CTF 143658300 12,760 288,687 SH   SOLE   288,687 0 0
AU OPTRONICS CORP. ADR/10 SPONSORED ADR 002255107 137 40,000 SH   SOLE   40,000 0 0
ABBOTT LABORATORIES COM 002824100 532 13,600 SH   SOLE   13,600 0 0
ABBVIE INC COM 00287Y109 26,046 424,466 SH   SOLE   424,466 0 0
AETNA INC NEW COM 00817Y108 3,609 29,739 SH   SOLE   29,739 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 111 2,500 SH   SOLE   2,500 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 6,423 80,600 SH   SOLE   80,600 0 0
AMGEN INC COM 031162100 15,583 102,511 SH   SOLE   102,511 0 0
AUTODESK INC. COM 052769106 376 7,000 SH   SOLE   7,000 0 0
AVALONBAY CMNTYS INC COM 053484101 20,124 112,121 SH   SOLE   112,121 0 0
BAIDU INC SPON ADR REP A 056752108 3,759 22,800 SH   SOLE   22,800 0 0
BAKER HUGHES INC COM 057224107 333 7,400 SH   SOLE   7,400 0 0
BANK OF AMERICA CORP COM 060505104 1,235 93,000 SH   SOLE   93,000 0 0
BANK NEW YORK MELLON CORP COM 064058100 17,016 440,820 SH   SOLE   440,820 0 0
BARD C R INC COM 067383109 12,496 53,353 SH   SOLE   53,353 0 0
BAXTER INTERNATIONAL INC COM 071813109 355 7,900 SH   SOLE   7,900 0 0
BIOGEN IDEC INC. COM 09062X103 674 2,800 SH   SOLE   2,800 0 0
BOSTON PROPERTIES INC COM 101121101 27,371 207,854 SH   SOLE   207,854 0 0
BRISTOL MYERS SQUIBB CO DBCV 110122108 6,967 94,882 SH   SOLE   94,882 0 0
CA INC COM 12673P105 4,926 151,132 SH   SOLE   151,132 0 0
CATERPILLAR INC COM 149123101 180 2,400 SH   SOLE   2,400 0 0
CHURCH & DWIGHT INC COM 171340102 8,692 84,483 SH   SOLE   84,483 0 0
CHEVRON CORP NEW COM 166764100 6,657 63,489 SH   SOLE   63,489 0 0
CISCO SYSTEMS INC COM 17275R102 5,415 189,586 SH   SOLE   189,586 0 0
CINTAS CORP COM 172908105 4,155 42,337 SH   SOLE   42,337 0 0
CITIGROUP INC COM NEW 172967424 1,442 34,000 SH   SOLE   34,000 0 0
CITIZENS FINL GROUP INC COM 174610105 3,541 177,216 SH   SOLE   177,216 0 0
CLOROX CO DEL COM 189054109 21,831 159,045 SH   SOLE   159,045 0 0
COLGATE-PALMOLIVE CO COM 194162103 24,963 342,850 SH   SOLE   342,850 0 0
COMCAST CORP NEW CL A 20030N101 14,323 220,654 SH   SOLE   220,654 0 0
CIA EN.GER.ADR PFD NV 1 SPONS ADR 204409601 182 82,465 SH   SOLE   82,465 0 0
CONSTELLATION BRANDS INC CL A 21036P108 23,215 140,359 SH   SOLE   140,359 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 1,328 32,100 SH   SOLE   32,100 0 0
DISNEY WALT CO COM 254687106 2,847 29,101 SH   SOLE   29,101 0 0
D R HORTON INC COM 23331A109 4,096 130,816 SH   SOLE   130,816 0 0
DANAHER CORP DEL COM 235851102 3,171 31,583 SH   SOLE   31,583 0 0
DAVITA HEALTHCARE PARTNERS COM 23918K108 3,915 50,923 SH   SOLE   50,923 0 0
DOLLAR GEN CORP NEW COM 256677105 3,472 37,152 SH   SOLE   37,152 0 0
DOUGLAS EMMETT DL -,01 COM 25960P109 7,111 201,660 SH   SOLE   201,660 0 0
DOVER CORP COM 260003108 11,869 171,223 SH   SOLE   171,223 0 0
DOW CHEM CO COM 260543103 572 11,500 SH   SOLE   11,500 0 0
ECOPETROL SA SPONSORED ADS 279158109 19 2,000 SH   SOLE   2,000 0 0
EDISON INTL COM 281020107 24,764 323,000 SH   SOLE   323,000 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 4,761 69,500 SH   SOLE   69,500 0 0
ESSEX PPTY TR INC COM 297178105 8,071 35,550 SH   SOLE   35,550 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 5,449 71,988 SH   SOLE   71,988 0 0
58 COM INC SPON ADR REP A 31680Q104 128 2,800 SH   SOLE   2,800 0 0
FIFTH THIRD BANCORP COM 316773100 3,908 223,437 SH   SOLE   223,437 0 0
GAP INC. COM 364760108 339 16,000 SH   SOLE   16,000 0 0
Genl El. Co. Dl -,06 COM 369604103 3,222 102,627 SH   SOLE   102,627 0 0
GILEAD SCIENCES INC COM 375558103 19,178 230,724 SH   SOLE   230,724 0 0
HCA HOLDINGS INC COM 40412C101 3,172 41,186 SH   SOLE   41,186 0 0
HP INC COM 40434L105 214 17,200 SH   SOLE   17,200 0 0
HALLIBURTON CO COM 406216101 315 7,000 SH   SOLE   7,000 0 0
HASBRO INC COM 418056107 2,968 35,599 SH   SOLE   35,599 0 0
HELMERICH & PAYNE INC COM 423452101 4,402 66,452 SH   SOLE   66,452 0 0
HERSHEY CO/THE COM 427866108 79 700 SH   SOLE   700 0 0
HEWLETT-PACKARD CO COM 428236103 317 17,200 SH   SOLE   17,200 0 0
HOME DEPOT INC COM 437076102 12,983 101,844 SH   SOLE   101,844 0 0
HOST HOTELS & RESORTS INC COM 44107P104 3,825 235,964 SH   SOLE   235,964 0 0
HUMANA INC COM 444859102 607 3,400 SH   SOLE   3,400 0 0
INTEL CORP COM 458140100 1,436 44,000 SH   SOLE   44,000 0 0
INTL BUSINESS MACHINES CORP COM 459200101 227 1,500 SH   SOLE   1,500 0 0
ITAU UNIBANCO HLDNG SPON ADR REP PFD 465562106 400 42,325 SH   SOLE   42,325 0 0
JPMORGAN CHASE & CO COM 46625H100 8,993 144,972 SH   SOLE   144,972 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 3,912 78,639 SH   SOLE   78,639 0 0
JD COM INC SPON ADR CL A 47215P106 1,085 51,000 SH   SOLE   51,000 0 0
JOHNSON CONTROLS INC COM 478366107 428 9,700 SH   SOLE   9,700 0 0
KILROY REALTY CORP.DL-,01 COM 49427F108 8,319 126,000 SH   SOLE   126,000 0 0
LILLY ELI & CO COM 532457108 7,583 96,602 SH   SOLE   96,602 0 0
MASTERCARD INC CL A 57636Q104 2,837 31,694 SH   SOLE   31,694 0 0
KIMCO RLTY CORP COM 49446R109 7,340 233,905 SH   SOLE   233,905 0 0
KROGER CO COM 501044101 3,147 85,532 SH   SOLE   85,532 0 0
LEGGETT & PLATT INC COM 524660107 3,961 78,084 SH   SOLE   78,084 0 0
LINEAR TECHNOLOGY CORP COM 535678106 3,226 69,339 SH   SOLE   69,339 0 0
MCDONALD'S CORP COM 580135101 6,938 57,737 SH   SOLE   57,737 0 0
MELCO CROWN ENTMT LTD ADR 585464100 995 80,000 SH   SOLE   80,000 0 0
MICROSOFT CORP COM 594918104 18,919 371,063 SH   SOLE   371,063 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 90 11,000 SH   SOLE   11,000 0 0
MONDELEZ INTERNATIONAL INC CL A 609207105 562 12,500 SH   SOLE   12,500 0 0
MORGAN STANLEY COM NEW 617446448 3,841 148,359 SH   SOLE   148,359 0 0
NATIONAL RETAIL PPTYS COM 637417106 2,947 57,200 SH   SOLE   57,200 0 0
NAVIENT CORP COM 63938C108 5,182 441,021 SH   SOLE   441,021 0 0
NETEASE INC SPONSORED ADR 64110W102 941 4,900 SH   SOLE   4,900 0 0
NEW ORIENTAL ED & TECH GRP SPON ADR 647581107 577 13,800 SH   SOLE   13,800 0 0
NEWS CORP NEW CL A 65249B109 5,187 459,846 SH   SOLE   459,846 0 0
NEWS CORP NEW CL B 65249B208 3,531 304,416 SH   SOLE   304,416 0 0
OWENS CORNING COM 690742101 127 2,500 SH   SOLE   2,500 0 0
PPL CORP COM 69351T106 15,436 408,895 SH   SOLE   408,895 0 0
PARAMOUNT GROUP INC COM 69924R108 9,316 587,635 SH   SOLE   587,635 0 0
PARKER HANNIFIN CORP COM 701094104 12,984 121,070 SH   SOLE   121,070 0 0
PAYPAL HDGS INC.DL-,0001 COM 70450Y103 2,708 77,372 SH   SOLE   77,372 0 0
PEPSICO INC COM 713448108 529 5,000 SH   SOLE   5,000 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 274 47,000 SH   SOLE   47,000 0 0
PFIZER INC COM 717081103 21,907 624,297 SH   SOLE   624,297 0 0
PINNACLE WEST CAP CORP COM 723484101 4,216 52,632 SH   SOLE   52,632 0 0
PRAXAIR INC. DL-,01 COM 74005P104 695 6,200 SH   SOLE   6,200 0 0
PRICE T ROWE GROUP INC COM 74144T108 4,351 59,626 SH   SOLE   59,626 0 0
PROLOGIS INC COM 74340W103 7,701 157,600 SH   SOLE   157,600 0 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 468 6,400 SH   SOLE   6,400 0 0
QORVO INC COM 74736K101 4,553 82,954 SH   SOLE   82,954 0 0
QUANTA SVCS INC COM 74762E102 3,817 166,832 SH   SOLE   166,832 0 0
QUEST DIAGNOSTICS INC COM 74834L100 161 2,000 SH   SOLE   2,000 0 0
ROPER INDUSTRIES INC COM 776696106 11,879 70,000 SH   SOLE   70,000 0 0
SL GREEN REALTY DL-,01 COM 78440X101 5,637 53,500 SH   SOLE   53,500 0 0
SALESFORCE COM INC COM 79466L302 21,793 283,027 SH   SOLE   283,027 0 0
SEMPRA ENERGY COM 816851109 91 800 SH   SOLE   800 0 0
SIMON PPTY GROUP INC COM 828806109 7,935 36,608 SH   SOLE   36,608 0 0
Southw. Airl. Co. Dl 1 COM 844741108 2,906 72,659 SH   SOLE   72,659 0 0
STANLEY BLACK & DECKER INC COM 854502101 15,096 136,803 SH   SOLE   136,803 0 0
STAPLES INC COM 855030102 3,355 391,439 SH   SOLE   391,439 0 0
STRYKER CORP COM 863667101 19,667 165,225 SH   SOLE   165,225 0 0
SUNTRUST BKS INC COM 867914103 10,923 267,191 SH   SOLE   267,191 0 0
SYMANTEC CORP COM 871503108 391 19,000 SH   SOLE   19,000 0 0
SYSCO CORP COM 871829107 15,626 308,273 SH   SOLE   308,273 0 0
TARGET CORP COM 87612E106 140 2,000 SH   SOLE   2,000 0 0
TAUBMAN CTRS INC COM 876664103 8,296 112,200 SH   SOLE   112,200 0 0
3M CO COM 88579Y101 10,139 58,038 SH   SOLE   58,038 0 0
TIME WARNER INC COM NEW 887317303 22,793 312,064 SH   SOLE   312,064 0 0
TOTAL SYSTEM SERV. DL-,10 COM 891906109 11,126 210,683 SH   SOLE   210,683 0 0
TYSON FOODS INC CL A 902494103 22,514 338,096 SH   SOLE   338,096 0 0
UTD MICROELECTR.ADR NEW/5 SPON ADR NEW 910873405 159 80,000 SH   SOLE   80,000 0 0
UNITED PARCEL SERVICE CL B 911312106 8,886 82,686 SH   SOLE   82,686 0 0
UNITEDHEALTH GROUP INC COM 91324P102 1,168 8,300 SH   SOLE   8,300 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 15,168 271,638 SH   SOLE   271,638 0 0
VIACOM INC NEW CL B 92553P201 3,972 95,775 SH   SOLE   95,775 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 3,156 37,897 SH   SOLE   37,897 0 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 217 19,400 SH   SOLE   19,400 0 0
XYLEM INC COM 98419M100 4,137 93,081 SH   SOLE   93,081 0 0