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 ORD COMMON 88579Y101 31,414 211,000 SH   SOLE   211,000 0 0
ABBOTT LABORATORIES ORD COMMON 002824100 28,146 237,800 SH   SOLE   237,800 0 0
ABBVIE ORD COMMON 00287Y109 91,884 566,800 SH   SOLE   566,800 0 0
ACCENTURE CL A ORD COMMON G1151C101 116,344 345,000 SH   SOLE   345,000 0 0
AIR PRODUCTS AND CHEMICALS ORD COMMON 009158106 33,213 132,900 SH   SOLE   132,900 0 0
AMERICAN TOWER REIT COMMON 03027X100 50,651 201,619 SH   SOLE   201,619 0 0
ANALOG DEVICES ORD COMMON 032654105 73,649 445,870 SH   SOLE   445,870 0 0
APPLE ORD COMMON 037833100 686,392 3,931,000 SH   SOLE   3,931,000 0 0
AT&T ORD COMMON 00206R102 12,571 532,000 SH   SOLE   532,000 0 0
AUTOMATIC DATA PROCESSING ORD COMMON 053015103 52,960 232,750 SH   SOLE   232,750 0 0
AVALONBAY COMMUNITIES REIT ORD COMMON 053484101 38,100 153,400 SH   SOLE   153,400 0 0
BAXTER INTERNATIONAL ORD COMMON 071813109 106,280 1,370,648 SH   SOLE   1,370,648 0 0
BLACKROCK ORD COMMON 09247X101 32,477 42,500 SH   SOLE   42,500 0 0
BROADCOM ORD COMMON 11135F101 168,943 268,300 SH   SOLE   268,300 0 0
CHEVRON ORD COMMON 166764100 8,711 53,500 SH   SOLE   53,500 0 0
CHUBB ORD COMMON H1467J104 77,625 362,902 SH   SOLE   362,902 0 0
CISCO SYSTEMS ORD COMMON 17275R102 141,993 2,546,500 SH   SOLE   2,546,500 0 0
CME GROUP CL A ORD COMMON 12572Q105 238,336 1,002,000 SH   SOLE   1,002,000 0 0
COMCAST CL A ORD COMMON 20030N101 36,363 776,650 SH   SOLE   776,650 0 0
DOVER ORD COMMON 260003108 125,018 796,800 SH   SOLE   796,800 0 0
DUKE ENERGY ORD COMMON 26441C204 34,615 310,000 SH   SOLE   310,000 0 0
ENBRIDGE ORD COMMON 29250N105 13,524 293,428 SH   SOLE   293,428 0 0
ESTEE LAUDER CL A ORD COMMON 518439104 26,415 97,000 SH   SOLE   97,000 0 0
EXXON MOBIL ORD COMMON 30231G102 2,065 25,000 SH   SOLE   25,000 0 0
HASBRO ORD COMMON 418056107 21,348 260,600 SH   SOLE   260,600 0 0
HOME DEPOT ORD COMMON 437076102 127,531 426,054 SH   SOLE   426,054 0 0
HONEYWELL INTERNATIONAL ORD COMMON 438516106 162,961 837,500 SH   SOLE   837,500 0 0
INTERNATIONAL BUSINESS MACHINES ORD COMMON 459200101 32,616 250,850 SH   SOLE   250,850 0 0
JOHNSON & JOHNSON ORD COMMON 478160104 35,623 201,000 SH   SOLE   201,000 0 0
JPMORGAN CHASE ORD COMMON 46625H100 12,269 90,000 SH   SOLE   90,000 0 0
LYONDELLBASELL INDUSTRIES CL A ORD COMMON N53745100 22,825 221,991 SH   SOLE   221,991 0 0
MCDONALD'S ORD COMMON 580135101 110,692 447,638 SH   SOLE   447,638 0 0
MICROSOFT ORD COMMON 594918104 285,187 925,000 SH   SOLE   925,000 0 0
MONDELEZ INTERNATIONAL CL A ORD COMMON 609207105 90,905 1,448,000 SH   SOLE   1,448,000 0 0
NORFOLK SOUTHERN ORD COMMON 655844108 167,620 587,687 SH   SOLE   587,687 0 0
PEPSICO ORD COMMON 713448108 21,341 127,500 SH   SOLE   127,500 0 0
PFIZER ORD COMMON 717081103 29,980 579,100 SH   SOLE   579,100 0 0
PHILIP MORRIS INTERNATIONAL ORD COMMON 718172109 118,981 1,266,562 SH   SOLE   1,266,562 0 0
PINNACLE WEST ORD COMMON 723484101 56,971 729,460 SH   SOLE   729,460 0 0
PNC FINANCIAL SERVICES GROUP ORD COMMON 693475105 100,156 543,000 SH   SOLE   543,000 0 0
PROCTER & GAMBLE ORD COMMON 742718109 7,625 49,900 SH   SOLE   49,900 0 0
PROLOGIS REIT COMMON 74340W103 95,273 590,000 SH   SOLE   590,000 0 0
QUALCOMM ORD COMMON 747525103 146,325 957,500 SH   SOLE   957,500 0 0
RAYTHEON TECHNOLOGIES ORD COMMON 75513E101 7,034 71,000 SH   SOLE   71,000 0 0
RPM ORD COMMON 749685103 67,166 824,725 SH   SOLE   824,725 0 0
SNAP ON ORD COMMON 833034101 69,198 336,764 SH   SOLE   336,764 0 0
TJX ORD COMMON 872540109 52,493 866,500 SH   SOLE   866,500 0 0
UNITEDHEALTH GRP ORD COMMON 91324P102 239,085 468,822 SH   SOLE   468,822 0 0
US BANCORP ORD COMMON 902973304 33,617 632,500 SH   SOLE   632,500 0 0
VALERO ENERGY ORD COMMON 91913Y100 75,804 746,540 SH   SOLE   746,540 0 0
VERIZON COMMUNICATIONS ORD COMMON 92343V104 24,792 486,700 SH   SOLE   486,700 0 0
VF ORD COMMON 918204108 66,221 1,164,630 SH   SOLE   1,164,630 0 0