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 1,604 45,400 SH   DFND 01,02 45,400 0 0
ABBVIE INC COM 00287Y109 2,418 59,300 SH   DFND 01,02 59,300 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 3,495 46,000 SH   DFND 01,02 46,000 0 0
ALTRIA GROUP INC COM 02209S103 3,470 100,900 SH   DFND 01,02 100,900 0 0
AMERICAN ELEC PWR INC COM 025537101 3,524 72,464 SH   DFND 01,02 72,464 0 0
AT&T INC COM 00206R102 4,520 123,200 SH   DFND 01,02 123,200 0 0
BOEING CO COM 097023105 4,653 54,200 SH   DFND 01,02 54,200 0 0
CATERPILLAR INC DEL COM 149123101 17 200 SH   DFND 01,02 200 0 0
CHUBB CORP COM 171232101 1,884 21,520 SH   DFND 01,02 21,520 0 0
COLGATE PALMOLIVE CO COM 194162103 4,257 36,070 SH   DFND 01,02 36,070 0 0
COMCAST CORP NEW CL A 20030N101 2,621 62,400 SH   DFND 01,02 62,400 0 0
CONOCOPHILLIPS COM 20825C104 2,644 44,000 SH   DFND 01,02 44,000 0 0
CRANE CO COM 224399105 22 400 SH   DFND 01,02 400 0 0
FIRSTENERGY CORP COM 337932107 2,773 65,700 SH   DFND 01,02 65,700 0 0
GENERAL DYNAMICS CORP COM 369550108 2,327 33,000 SH   DFND 01,02 33,000 0 0
GENERAL ELECTRIC CO COM 369604103 5,415 234,200 SH   DFND 01,02 234,200 0 0
HOLLYSYS AUTOMATION TECHNOLO SHS G45667105 46 3,800 SH   DFND 01,02 3,800 0 0
HORMEL FOODS CORP COM 440452100 1,748 42,300 SH   DFND 01,02 42,300 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 165 6,020 SH   DFND 01,02 6,020 0 0
JOHNSON&JOHNSON COM 478160104 3,220 39,500 SH   DFND 01,02 39,500 0 0
JPMORGAN CHASE & CO COM 46625H100 3,041 64,068 SH   DFND 01,02 64,068 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 44 400 SH   DFND 01,02 400 0 0
LOWES COS INC COM 548661107 2,317 61,100 SH   DFND 01,02 61,100 0 0
M&T BK CORP COM 55261F104 2,765 26,800 SH   DFND 01,02 26,800 0 0
MDU RES GROUP INC COM 552690109 3,084 123,400 SH   DFND 01,02 123,400 0 0
MERCK & CO INC NEW COM 58933Y105 4,638 104,851 SH   DFND 01,02 104,851 0 0
MICROSOFT CORP COM 594918104 3,448 120,527 SH   DFND 01,02 120,527 0 0
NORFOLK SOUTHERN CORP COM 655844108 51 665 SH   DFND 01,02 665 0 0
PRINCIPAL FINL GROUP INC COM 74251V102 2,038 59,900 SH   DFND 01,02 59,900 0 0
PROCTER & GAMBLE CO COM 742718109 3,344 43,400 SH   DFND 01,02 43,400 0 0
PRUDENTIAL FINL INC COM 744320102 2,301 39,000 SH   DFND 01,02 39,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 170 1,100 SH   DFND 01,02 1,100 0 0
TEXAS INSTRS INC COM 882508104 3,133 88,300 SH   DFND 01,02 88,300 0 0
TIMKEN CO COM 887389104 1,873 33,100 SH   DFND 01,02 33,100 0 0
TRINITY INDS INC COM 896522109 77 1,700 SH   DFND 01,02 1,700 0 0
UNION PAC CORP COM 907818108 78 550 SH   DFND 01,02 550 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,831 19,600 SH   DFND 01,02 19,600 0 0
WABTEC CORP COM 929740108 71 700 SH   DFND 01,02 700 0 0
XILINX INC COM 983919101 2,534 66,400 SH   DFND 01,02 66,400 0 0