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
ABBVIE INC COM 00287Y109 3,632 81,200 SH   DFND 01,02 81,200 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 2,924 39,700 SH   DFND 01,02 39,700 0 0
ALTRIA GROUP INC COM 02209S103 2,992 87,100 SH   DFND 01,02 87,100 0 0
AMERICAN ELEC PWR INC COM 025537101 2,708 62,464 SH   DFND 01,02 62,464 0 0
AMERICAN RAILCAR INDS INC COM 02916P103 25 643 SH   DFND 01,02 643 0 0
AT&T INC COM 00206R102 3,595 106,300 SH   DFND 01,02 106,300 0 0
BOEING CO COM 097023105 4,641 39,500 SH   DFND 01,02 39,500 0 0
CHUBB CORP COM 171232101 1,939 21,720 SH   DFND 01,02 21,720 0 0
COLGATE PALMOLIVE CO COM 194162103 3,703 62,440 SH   DFND 01,02 62,440 0 0
CONOCOPHILLIPS COM 20825C104 2,634 37,900 SH   DFND 01,02 37,900 0 0
CRANE CO COM 224399105 31 500 SH   DFND 01,02 500 0 0
CSX CORP COM 126408103 33 1,300 SH   DFND 01,02 1,300 0 0
FIRSTENERGY CORP COM 337932107 2,067 56,700 SH   DFND 01,02 56,700 0 0
GENERAL DYNAMICS CORP COM 369550108 2,486 28,400 SH   DFND 01,02 28,400 0 0
GENERAL ELECTRIC CO COM 369604103 4,860 203,400 SH   DFND 01,02 203,400 0 0
HOLLYSYS AUTOMATION TECHNOLO SHS G45667105 64 4,300 SH   DFND 01,02 4,300 0 0
HORMEL FOODS CORP COM 440452100 1,521 36,100 SH   DFND 01,02 36,100 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 184 8,810 SH   DFND 01,02 8,810 0 0
JOHNSON&JOHNSON COM 478160104 2,956 34,100 SH   DFND 01,02 34,100 0 0
JPMORGAN CHASE & CO COM 46625H100 2,159 41,768 SH   DFND 01,02 41,768 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 44 400 SH   DFND 01,02 400 0 0
M&T BK CORP COM 55261F104 2,585 23,100 SH   DFND 01,02 23,100 0 0
MDU RES GROUP INC COM 552690109 2,618 93,600 SH   DFND 01,02 93,600 0 0
MERCK & CO INC NEW COM 58933Y105 4,311 90,551 SH   DFND 01,02 90,551 0 0
MICROSOFT CORP COM 594918104 3,465 104,027 SH   DFND 01,02 104,027 0 0
NORFOLK SOUTHERN CORP COM 655844108 44 565 SH   DFND 01,02 565 0 0
PRINCIPAL FINL GROUP INC COM 74251V102 2,128 49,700 SH   DFND 01,02 49,700 0 0
PROCIER &GAMBLE CO COM 742718109 2,759 36,500 SH   DFND 01,02 36,500 0 0
PRUDENTIAL FINL INC COM 744320102 1,817 23,300 SH   DFND 01,02 23,300 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 183 1,430 SH   DFND 01,02 1,430 0 0
TEXAS INSTRS INC COM 882508104 3,069 76,200 SH   DFND 01,02 76,200 0 0
TIME WARNER CABL INC COM 88732J207 2,411 21,600 SH   DFND 01,02 21,600 0 0
TIMKEN CO COM 887389104 1,727 28,600 SH   DFND 01,02 28,600 0 0
TRINITY INDS INC COM 896522109 104 2,300 SH   DFND 01,02 2,300 0 0
UNION PAC CO COM 907818108 101 650 SH   DFND 01,02 650 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,833 17,000 SH   DFND 01,02 17,000 0 0
WABTEC CORP COM 929740108 69 1,100 SH   DFND 01,02 1,100 0 0
WHIRLPOOL CORP COM 963320106 2,570 17,550 SH   DFND 01,02 17,550 0 0
XILINX INC COM 983919101 2,685 57,300 SH   DFND 01,02 57,300 0 0