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 4,470 87,400 SH   DFND 01,02 87,400 0 0
ALTRIA GROUP INC COM 02209S103 3,643 135,900 SH   DFND 01,02 135,900 0 0
AMERICAN ELEC PWR INC COM 025537101 4,588 120,664 SH   DFND 01,02 120,664 0 0
AT&T INC COM 00206R102 4,295 150,600 SH   DFND 01,02 150,600 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 2,086 112,200 SH   DFND 01,02 112,200 0 0
BOEING CO COM 097023105 5,004 82,700 SH   DFND 01,02 82,700 0 0
CAPITAL ONE FINL CORP COM 14040H105 2,354 59,400 SH   DFND 01,02 59,400 0 0
COLGATE PALMOLIVE CO COM 194162103 6,569 74,070 SH   DFND 01,02 74,070 0 0
COMCAST CORP NEW CL A 20030N101 4,124 197,300 SH   DFND 01,02 197,300 0 0
CRANE CO COM 224399105 168 4,700 SH   DFND 01,02 4,700 0 0
CSX CORP COM 126408103 123 6,600 SH   DFND 01,02 6,600 0 0
FIRSTENERGY CORP COM 337932107 4,913 109,400 SH   DFND 01,02 109,400 0 0
GENERAL DYNAMICS CORP COM 369550108 3,129 55,000 SH   DFND 01,02 55,000 0 0
GENERAL ELECTRIC CO COM 369604103 5,489 360,200 SH   DFND 01,02 360,200 0 0
GOOGLE INC CL A 38259P508 2,700 5,250 SH   DFND 01,02 5,250 0 0
HOLLYSYS AUTOMATION TECHNOLO SHS G45667105 280 48,000 SH   DFND 01,02 48,000 0 0
INFOSYS LTD SPONSORED ADR 456788108 327 6,400 SH   DFND 01,02 6,400 0 0
INTEL CORP COM 458140100 3,225 151,190 SH   DFND 01,02 151,190 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 587 20,300 SH   DFND 01,02 20,300 0 0
JPMORGAN CHASE & CO COM 46625H100 3,758 124,768 SH   DFND 01,02 124,768 0 0
LOWES COS INC COM 548661107 3,355 173,500 SH   DFND 01,02 173,500 0 0
MDU RES GROUP INC COM 552690109 3,945 205,600 SH   DFND 01,02 205,600 0 0
MERCK & CO INC NEW COM 58933Y105 5,717 174,792 SH   DFND 01,02 174,792 0 0
METLIFE INC COM 59156R108 2,168 77,400 SH   DFND 01,02 77,400 0 0
MICROSOFT CORP COM 594918104 7,588 304,847 SH   DFND 01,02 304,847 0 0
NORFOLK SOUTHERN CORP COM 655844108 211 3,465 SH   DFND 01,02 3,465 0 0
PITNEY BOWES INC COM 724479100 3,982 211,800 SH   DFND 01,02 211,800 0 0
REPUBLIC SVCS INC COM 760759100 4,554 162,300 SH   DFND 01,02 162,300 0 0
SPDR GOLD TRUST GOLD GOLD SHS 78463V107 605 3,826 SH   DFND 01,02 3,826 0 0
TEXAS INSTRS INC COM 882508104 2,676 100,400 SH   DFND 01,02 100,400 0 0
TIMKEN CO COM 887389104 2,222 67,700 SH   DFND 01,02 67,700 0 0
TRINITY INDS INC COM 896522109 54 2,500 SH   DFND 01,02 2,500 0 0
UNION PAC CORP COM 907818108 98 1,200 SH   DFND 01,02 1,200 0 0
WABTEC CORP COM 929740108 190 3,600 SH   DFND 01,02 3,600 0 0
WOODWARD INC COM 980745103 88 3,200 SH   DFND 01,02 3,200 0 0
XILINX INC COM 983919101 2,349 85,600 SH   DFND 01,02 85,600 0 0