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 3,427 51,000 SH   DFND 01,02 51,000 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 2,410 24,900 SH   DFND 01,02 24,900 0 0
ALTRIA GROUP INC COM 02209S103 2,675 54,700 SH   DFND 01,02 54,700 0 0
AMERICAN RAILCAR INDS INC COM 02916P103 39 800 SH   DFND 01,02 800 0 0
AMERIPRISE FINL INC COM 03076C106 1,197 9,580 SH   DFND 01,02 9,580 0 0
APPLE INC COM 037833100 3,951 31,500 SH   DFND 01,02 31,500 0 0
AT&T INC COM 00206R102 2,373 66,800 SH   DFND 01,02 66,800 0 0
BANK AMER CORP COM 060505104 2,732 160,500 SH   DFND 01,02 160,500 0 0
BOEING CO COM 097023105 1,809 13,040 SH   DFND 01,02 13,040 0 0
CARNIVAL CORP PAIRED CTF 143658300 1,348 27,300 SH   DFND 01,02 27,300 0 0
CHEVRON CORP NEW COM 166764100 1,601 16,600 SH   DFND 01,02 16,600 0 0
COLGATE PALMOLIVE CO COM 194162103 2,266 34,640 SH   DFND 01,02 34,640 0 0
CONOCOPHILLIPS COM 20825C104 1,462 23,800 SH   DFND 01,02 23,800 0 0
CSX CORP COM 126408103 157 4,800 SH   DFND 01,02 4,800 0 0
FIRSTENERGY CORP COM 337932107 1,159 35,600 SH   DFND 01,02 35,600 0 0
GATX CORP COM 361448103 27 500 SH   DFND 01,02 500 0 0
GENERAL DYNAMICS CORP COM 369550108 1,941 13,700 SH   DFND 01,02 13,700 0 0
GENERAL ELECTRIC CO COM 369604103 3,417 128,600 SH   DFND 01,02 128,600 0 0
GENESEE & WYO INC CL A 371559105 46 600 SH   DFND 01,02 600 0 0
GREENBRIER COS INC COM 393657101 234 5,000 SH   DFND 01,02 5,000 0 0
HOLLYSYS AUTOMATION TECHNOLO SHS G45667105 223 9,300 SH   DFND 01,02 9,300 0 0
HORMEL FOODS CORP COM 440452100 941 16,700 SH   DFND 01,02 16,700 0 0
ISHARES EM MK MINVOL ETF 464286533 23,285 403,700 SH   DFND 01,02 403,700 0 0
ISHARES JP MOR EM MK ETF 464288281 27,722 252,200 SH   DFND 01,02 252,200 0 0
JOHNSON & JOHNSON COM 478160104 2,086 21,400 SH   DFND 01,02 21,400 0 0
JPMORGAN CHASE & CO COM 46625H100 1,929 28,468 SH   DFND 01,02 28,468 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1,418 13,700 SH   DFND 01,02 13,700 0 0
MDU RES GROUP INC COM 552690109 1,150 58,900 SH   DFND 01,02 58,900 0 0
MERCK & CO INC NEW COM 58933Y105 3,242 56,951 SH   DFND 01,02 56,951 0 0
MICROSOFT CORP COM 594918104 2,889 65,427 SH   DFND 01,02 65,427 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,314 15,045 SH   DFND 01,02 15,045 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 1,731 22,260 SH   DFND 01,02 22,260 0 0
PEPSICO INC COM 713448108 2,025 21,700 SH   DFND 01,02 21,700 0 0
TIME WARNER CABLE INC COM 88732J207 2,441 13,700 SH   DFND 01,02 13,700 0 0
TRINITY INDS INC COM 896522109 21 800 SH   DFND 01,02 800 0 0
UNION PAC CORP COM 907818108 257 2,700 SH   DFND 01,02 2,700 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,176 10,600 SH   DFND 01,02 10,600 0 0
WABTEC CORP COM 929740108 320 3,400 SH   DFND 01,02 3,400 0 0