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
3M ORD COMMON 88579Y101 37,014 211,000 SH   SOLE   211,000 0 0
ABBOTT LABORATORIES ORD COMMON 002824100 28,091 237,800 SH   SOLE   237,800 0 0
ABBVIE ORD COMMON 00287Y109 61,141 566,800 SH   SOLE   566,800 0 0
ACCENTURE CL A ORD COMMON G1151C101 110,372 345,000 SH   SOLE   345,000 0 0
AIR PRODUCTS AND CHEMICALS ORD COMMON 009158106 34,037 132,900 SH   SOLE   132,900 0 0
AMERICAN TOWER REIT COMMON 03027X100 53,512 201,619 SH   SOLE   201,619 0 0
ANALOG DEVICES ORD COMMON 032654105 72,162 430,870 SH   SOLE   430,870 0 0
APPLE ORD COMMON 037833100 556,237 3,931,000 SH   SOLE   3,931,000 0 0
AT&T ORD COMMON 00206R102 14,369 532,000 SH   SOLE   532,000 0 0
AUTOMATIC DATA PROCESSING ORD COMMON 053015103 46,531 232,750 SH   SOLE   232,750 0 0
AVALONBAY COMMUNITIES REIT ORD COMMON 053484101 34,000 153,400 SH   SOLE   153,400 0 0
BAXTER INTERNATIONAL ORD COMMON 071813109 110,241 1,370,648 SH   SOLE   1,370,648 0 0
BLACKROCK ORD COMMON 09247X101 35,643 42,500 SH   SOLE   42,500 0 0
BROADCOM ORD COMMON 11135F101 130,107 268,300 SH   SOLE   268,300 0 0
CHEVRON ORD COMMON 166764100 22,725 224,000 SH   SOLE   224,000 0 0
CHUBB ORD COMMON H1467J104 62,956 362,902 SH   SOLE   362,902 0 0
CISCO SYSTEMS ORD COMMON 17275R102 138,606 2,546,500 SH   SOLE   2,546,500 0 0
CME GROUP CL A ORD COMMON 12572Q105 193,767 1,002,000 SH   SOLE   1,002,000 0 0
COMCAST CL A ORD COMMON 20030N101 43,438 776,650 SH   SOLE   776,650 0 0
DOVER ORD COMMON 260003108 123,902 796,800 SH   SOLE   796,800 0 0
DUKE ENERGY ORD COMMON 26441C204 30,253 310,000 SH   SOLE   310,000 0 0
ENBRIDGE ORD COMMON 29250N105 11,678 293,428 SH   SOLE   293,428 0 0
ESTEE LAUDER CL A ORD COMMON 518439104 9,579 31,936 SH   SOLE   31,936 0 0
EXXON MOBIL ORD COMMON 30231G102 1,471 25,000 SH   SOLE   25,000 0 0
HASBRO ORD COMMON 418056107 23,251 260,600 SH   SOLE   260,600 0 0
HOME DEPOT ORD COMMON 437076102 139,856 426,054 SH   SOLE   426,054 0 0
HONEYWELL INTERNATIONAL ORD COMMON 438516106 177,785 837,500 SH   SOLE   837,500 0 0
INTERNATIONAL BUSINESS MACHINES ORD COMMON 459200101 38,581 277,700 SH   SOLE   277,700 0 0
JOHNSON & JOHNSON ORD COMMON 478160104 32,462 201,000 SH   SOLE   201,000 0 0
JPMORGAN CHASE ORD COMMON 46625H100 14,732 90,000 SH   SOLE   90,000 0 0
LYONDELLBASELL INDUSTRIES CL A ORD COMMON N53745100 20,834 221,991 SH   SOLE   221,991 0 0
MCDONALD'S ORD COMMON 580135101 107,930 447,638 SH   SOLE   447,638 0 0
MICROSOFT ORD COMMON 594918104 260,776 925,000 SH   SOLE   925,000 0 0
MONDELEZ INTERNATIONAL CL A ORD COMMON 609207105 84,245 1,448,000 SH   SOLE   1,448,000 0 0
NORFOLK SOUTHERN ORD COMMON 655844108 140,604 587,687 SH   SOLE   587,687 0 0
PEPSICO ORD COMMON 713448108 19,177 127,500 SH   SOLE   127,500 0 0
PFIZER ORD COMMON 717081103 24,907 579,100 SH   SOLE   579,100 0 0
PHILIP MORRIS INTERNATIONAL ORD COMMON 718172109 120,057 1,266,562 SH   SOLE   1,266,562 0 0
PINNACLE WEST ORD COMMON 723484101 18,268 252,460 SH   SOLE   252,460 0 0
PNC FINANCIAL SERVICES GROUP ORD COMMON 693475105 106,233 543,000 SH   SOLE   543,000 0 0
PROCTER & GAMBLE ORD COMMON 742718109 6,976 49,900 SH   SOLE   49,900 0 0
PROLOGIS REIT COMMON 74340W103 74,004 590,000 SH   SOLE   590,000 0 0
QUALCOMM ORD COMMON 747525103 123,498 957,500 SH   SOLE   957,500 0 0
RAYTHEON TECHNOLOGIES ORD COMMON 75513E101 6,103 71,000 SH   SOLE   71,000 0 0
RPM ORD COMMON 749685103 64,040 824,725 SH   SOLE   824,725 0 0
SNAP ON ORD COMMON 833034101 70,367 336,764 SH   SOLE   336,764 0 0
TJX ORD COMMON 872540109 57,172 866,500 SH   SOLE   866,500 0 0
UNITEDHEALTH GRP ORD COMMON 91324P102 183,188 468,822 SH   SOLE   468,822 0 0
US BANCORP ORD COMMON 902973304 37,596 632,500 SH   SOLE   632,500 0 0
VALERO ENERGY ORD COMMON 91913Y100 52,683 746,540 SH   SOLE   746,540 0 0
VERIZON COMMUNICATIONS ORD COMMON 92343V104 26,287 486,700 SH   SOLE   486,700 0 0
VF ORD COMMON 918204108 78,019 1,164,630 SH   SOLE   1,164,630 0 0
VIATRIS ORD COMMON 92556V106 974 71,854 SH   SOLE   71,854 0 0