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 CO COM 88579Y101 1,536 8,770 SH   SOLE   8,770 0 0
ABBOTT LAB COM 002824100 1,399 35,600 SH   SOLE   35,600 0 0
ABBVIE INC COM 00287Y109 3,473 56,100 SH   SOLE   56,100 0 0
ACCENTURE PLC COM G1151C101 1,834 16,189 SH   SOLE   16,189 0 0
MITSUBISHI UFJ FINL GROUP INC ADR 606822104 2,057 464,443 SH   SOLE   464,443 0 0
MIZUHO FINL GROUP INC ADR 60687Y109 1,825 640,417 SH   SOLE   640,417 0 0
RIO TINTO PLC ADR 767204100 2,279 72,800 SH   SOLE   72,800 0 0
TEVA PHARMACEUTICAL INDS ADR 881624209 6,047 120,384 SH   SOLE   120,384 0 0
AERCAP HOLDINGS NV COM N00985106 2,530 75,309 SH   SOLE   75,309 0 0
AETNA COM 00817Y108 1,759 14,400 SH   SOLE   14,400 0 0
AFLAC COM 001055102 3,319 46,000 SH   SOLE   46,000 0 0
ALPHABET A COM 02079K305 1,130 1,606 SH   SOLE   1,606 0 0
ALPHABET C COM 02079K107 1,527 2,206 SH   SOLE   2,206 0 0
AMERICAN CAP AGY CORP UNIT TRUST 02503X105 6,801 343,143 SH   SOLE   343,143 0 0
AMERICAN WATER WORKS CO COM 030420103 4,265 50,471 SH   SOLE   50,471 0 0
AMERISOURCEBERGEN CORP COM 03073E105 2,621 33,039 SH   SOLE   33,039 0 0
ANNALY CAP MGMT INC COM 035710409 5,720 516,746 SH   SOLE   516,746 0 0
APPLE INC COM 037833100 14,478 151,447 SH   SOLE   151,447 0 0
AT&T INC COM 00206R102 11,430 264,525 SH   SOLE   264,525 0 0
AUTOZONE INC COM 053332102 5,902 7,435 SH   SOLE   7,435 0 0
AXIS CAPITAL HOLDINGS LTD COM G0692U909 1,540 27,995 SH   SOLE   27,995 0 0
BED BATH & BEYOND INC COM 075896100 2,519 58,275 SH   SOLE   58,275 0 0
BP PLC ADR 055622104 872 24,565 SH   SOLE   24,565 0 0
CARDINAL HEALTH COM 14149Y108 351 4,500 SH   SOLE   4,500 0 0
CARE CAP PPTYS INC UNIT TRUST 141624106 1,337 50,998 SH   SOLE   50,998 0 0
CF INDUSTRIES HOLDINGS COM 125269100 84 3,500 SH   SOLE   3,500 0 0
CHECK PT SOFTWARE TECHNOLOGIES COM M22465104 5,930 74,426 SH   SOLE   74,426 0 0
CIGNA CORP COM 125509109 4,863 37,992 SH   SOLE   37,992 0 0
CISCO SYSTEMS INC COM 17275R102 5,913 206,100 SH   SOLE   206,100 0 0
CITIGROUP INC COM 172967424 1,653 39,000 SH   SOLE   39,000 0 0
CLOROX CO COM 189054109 3,017 21,800 SH   SOLE   21,800 0 0
COLGATE-PALMOLIVE CO COM 194162103 256 3,500 SH   SOLE   3,500 0 0
CONSOLIDATED EDISON COM 209115104 969 12,050 SH   SOLE   12,050 0 0
COSTCO WHOLESALE CORP COM 22160K105 1,500 9,549 SH   SOLE   9,549 0 0
CVS CAREMARK CORP COM 126650100 3,380 35,300 SH   SOLE   35,300 0 0
DOLLAR GENERAL CORP COM 256677105 1,936 20,594 SH   SOLE   20,594 0 0
DU PONT (E.I) DE NEMOURS COM 263534109 1,983 30,600 SH   SOLE   30,600 0 0
DUKE ENERGY CORP COM 26441C204 4,101 47,806 SH   SOLE   47,806 0 0
EBAY INC COM 278642103 1,662 71,000 SH   SOLE   71,000 0 0
EMC CORP COM 268648102 8,547 314,589 SH   SOLE   314,589 0 0
ENTERGY CORP COM 29364G103 6,781 83,350 SH   SOLE   83,350 0 0
EVEREST RE GROUP COM G3223R108 3,690 20,200 SH   SOLE   20,200 0 0
EXELON CORP COM 30161N101 8,702 239,340 SH   SOLE   239,340 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 2,676 35,300 SH   SOLE   35,300 0 0
EXXON MOBIL CORP COM 30231G102 5,362 57,200 SH   SOLE   57,200 0 0
FORD MTR CO COM 345370860 3,213 255,584 SH   SOLE   255,584 0 0
GILEAD SCIENCES INC COM 375558103 3,033 36,361 SH   SOLE   36,361 0 0
GRAINGER W W INC COM 384802104 3,392 14,925 SH   SOLE   14,925 0 0
HCA HLDGS INC COM 40412C101 2,433 31,593 SH   SOLE   31,593 0 0
HCP COM 40414L109 1,996 56,421 SH   SOLE   56,421 0 0
HERSHEY COMPANY COM 427866108 2,251 19,831 SH   SOLE   19,831 0 0
HEWLETT PACKARD ENTERPRISE CO COM 42824C109 3,511 192,200 SH   SOLE   192,200 0 0
HORMEL FOODS CORP COM 440452100 1,171 32,000 SH   SOLE   32,000 0 0
HP INC COM 40434L105 3,060 243,850 SH   SOLE   243,850 0 0
INTEL CORP COM 458140100 4,040 123,183 SH   SOLE   123,183 0 0
INTERNATIONAL BUSINESS MACHS CORP COM 459200101 6,080 40,061 SH   SOLE   40,061 0 0
JOHNSON & JOHNSON COM 478160104 3,258 26,861 SH   SOLE   26,861 0 0
KROGER CO COM 501044101 7,035 191,224 SH   SOLE   191,224 0 0
LABORATORY CORP OF AMERICA HOLDINGS COM 50540R409 5,003 38,408 SH   SOLE   38,408 0 0
LIBERTY PROPERTY TRUST COM 531172104 1,875 47,200 SH   SOLE   47,200 0 0
LOWES COS COM 548661107 1,029 13,000 SH   SOLE   13,000 0 0
LYONDELLBASELL INDU COM N53745100 2,754 37,000 SH   SOLE   37,000 0 0
MARSH & MCLENNAN COS INC COM 571748102 2,894 42,280 SH   SOLE   42,280 0 0
MERCK & CO INC COM 58933Y105 8,659 150,300 SH   SOLE   150,300 0 0
MICHAEL KORS HOLDINGS COM G60754101 4,468 90,308 SH   SOLE   90,308 0 0
MLP CVR REFNG LP COM 12663P107 669 86,272 SH   SOLE   86,272 0 0
MONSANTO CO COM 61166W101 1,138 11,000 SH   SOLE   11,000 0 0
MYLAN NV COM N59465109 2,047 47,335 SH   SOLE   47,335 0 0
NEWMONT MINING CORP COM 651639106 9,215 235,563 SH   SOLE   235,563 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,532 18,000 SH   SOLE   18,000 0 0
ORACLE CORP COM 68389X105 4,005 97,859 SH   SOLE   97,859 0 0
PEPSICO INC COM 713448108 7,162 67,600 SH   SOLE   67,600 0 0
PERRIGO COMPANY LIMITED COM G97822103 1,251 13,800 SH   SOLE   13,800 0 0
PG& E CORP COM 69331C108 1,184 18,521 SH   SOLE   18,521 0 0
PPL CORP COM 69351T106 3,418 90,555 SH   SOLE   90,555 0 0
PRAXAIR INC COM 74005P104 697 6,200 SH   SOLE   6,200 0 0
PROCTER & GAMBLE NPV COM 742718109 3,944 46,580 SH   SOLE   46,580 0 0
QUALCOMM INC COM 747525103 3,919 73,161 SH   SOLE   73,161 0 0
QUEST DIAGNOSTICS INC COM 74834L100 5,256 64,561 SH   SOLE   64,561 0 0
QUINTILES TRANSNATIONAL HOLDINGS COM 74876Y101 2,741 41,963 SH   SOLE   41,963 0 0
RENAISSANCE RE HLDGS LTD COM G7496G103 5,166 43,987 SH   SOLE   43,987 0 0
REPUBLIC SVCS INC COM 760759100 4,609 89,819 SH   SOLE   89,819 0 0
RMR GROUP INC COM 74967R106 292 9,424 SH   SOLE   9,424 0 0
SCRIPPS NETWORKS INTERACT COM 811065101 284 4,559 SH   SOLE   4,559 0 0
SELECT INCOME REIT UNIT TRUST 81618T100 11,452 440,643 SH   SOLE   440,643 0 0
SIGNET JEWELERS (US) COM G81276100 1,005 12,200 SH   SOLE   12,200 0 0
SOUTHERN CO COM 842587107 8,008 149,315 SH   SOLE   149,315 0 0
STAPLES COM 855030102 5,600 649,594 SH   SOLE   649,594 0 0
SUMITOMO MITSUI ADR 86562M209 2,450 428,394 SH   SOLE   428,394 0 0
SUMMIT HOTEL PROPERTIES INC UNIT TRUST 866082100 710 53,600 SH   SOLE   53,600 0 0
SYNCHRONY FINANCIAL COM 87165B103 1,355 53,602 SH   SOLE   53,602 0 0
TALEN ENERGY CORP COM 87422J105 1,971 145,477 SH   SOLE   145,477 0 0
TIME WARNER INC COM 887317303 2,489 33,849 SH   SOLE   33,849 0 0
TJX COS INC COM 872540109 2,732 35,371 SH   SOLE   35,371 0 0
TRAVELERS COS INC COM 89417E109 8,301 69,730 SH   SOLE   69,730 0 0
UNITED CONTINENTAL HLDGS COM 910047109 903 22,000 SH   SOLE   22,000 0 0
UNITED PARCEL SVC INC CL B 911312106 1,228 11,400 SH   SOLE   11,400 0 0
UNITED RENTALS COM 911363109 178 2,653 SH   SOLE   2,653 0 0
VERIZON COMMUNICATIONS COM 92343V104 5,520 98,861 SH   SOLE   98,861 0 0
VISA INC CL A 92826C839 2,308 31,119 SH   SOLE   31,119 0 0
VMWARE INC CL A 928563402 2,301 40,209 SH   SOLE   40,209 0 0
WAL-MART STORES INC COM 931142103 5,308 72,694 SH   SOLE   72,694 0 0
WALT DISNEY CO COM 254687106 1,330 13,600 SH   SOLE   13,600 0 0
WASTE MANAGEMENT INC COM 94106L109 6,518 98,354 SH   SOLE   98,354 0 0
WELLTOWER INC COM 95040Q104 2,472 32,450 SH   SOLE   32,450 0 0