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 27,306 211,000 SH   SOLE   211,000 0 0
ABBOTT LABORATORIES ORD COMMON 002824100 25,837 237,800 SH   SOLE   237,800 0 0
ABBVIE ORD COMMON 00287Y109 86,811 566,800 SH   SOLE   566,800 0 0
ACCENTURE CL A ORD COMMON G1151C101 95,789 345,000 SH   SOLE   345,000 0 0
AGREE REALTY REIT ORD COMMON 008492100 10,820 150,000 SH   SOLE   150,000 0 0
AIR PRODUCTS AND CHEMICALS ORD COMMON 009158106 35,086 145,900 SH   SOLE   145,900 0 0
AMERICAN TOWER REIT COMMON 03027X100 53,321 208,619 SH   SOLE   208,619 0 0
ANALOG DEVICES ORD COMMON 032654105 65,137 445,870 SH   SOLE   445,870 0 0
APPLE ORD COMMON 037833100 537,446 3,931,000 SH   SOLE   3,931,000 0 0
AT&T ORD COMMON 00206R102 11,151 532,000 SH   SOLE   532,000 0 0
AUTOMATIC DATA PROCESSING ORD COMMON 053015103 48,887 232,750 SH   SOLE   232,750 0 0
AVALONBAY COMMUNITIES REIT ORD COMMON 053484101 29,798 153,400 SH   SOLE   153,400 0 0
BAXTER INTERNATIONAL ORD COMMON 071813109 88,037 1,370,648 SH   SOLE   1,370,648 0 0
BLACKROCK ORD COMMON 09247X101 25,884 42,500 SH   SOLE   42,500 0 0
BROADCOM ORD COMMON 11135F101 133,258 274,300 SH   SOLE   274,300 0 0
CHEVRON ORD COMMON 166764100 5,087 35,139 SH   SOLE   35,139 0 0
CHUBB ORD COMMON H1467J104 71,339 362,902 SH   SOLE   362,902 0 0
CISCO SYSTEMS ORD COMMON 17275R102 108,583 2,546,500 SH   SOLE   2,546,500 0 0
CME GROUP CL A ORD COMMON 12572Q105 205,109 1,002,000 SH   SOLE   1,002,000 0 0
COMCAST CL A ORD COMMON 20030N101 30,476 776,650 SH   SOLE   776,650 0 0
DOVER ORD COMMON 260003108 102,346 843,600 SH   SOLE   843,600 0 0
DUKE ENERGY ORD COMMON 26441C204 33,235 310,000 SH   SOLE   310,000 0 0
ENBRIDGE ORD COMMON 29250N105 7,853 185,828 SH   SOLE   185,828 0 0
ESTEE LAUDER CL A ORD COMMON 518439104 53,608 210,500 SH   SOLE   210,500 0 0
HASBRO ORD COMMON 418056107 21,338 260,600 SH   SOLE   260,600 0 0
HOME DEPOT ORD COMMON 437076102 116,854 426,054 SH   SOLE   426,054 0 0
HONEYWELL INTERNATIONAL ORD COMMON 438516106 145,566 837,500 SH   SOLE   837,500 0 0
INTERNATIONAL BUSINESS MACHINES ORD COMMON 459200101 24,002 170,000 SH   SOLE   170,000 0 0
JOHNSON & JOHNSON ORD COMMON 478160104 35,680 201,000 SH   SOLE   201,000 0 0
JPMORGAN CHASE ORD COMMON 46625H100 10,135 90,000 SH   SOLE   90,000 0 0
LYONDELLBASELL INDUSTRIES CL A ORD COMMON N53745100 19,415 221,991 SH   SOLE   221,991 0 0
MCDONALD'S ORD COMMON 580135101 110,513 447,638 SH   SOLE   447,638 0 0
MICROSOFT ORD COMMON 594918104 237,568 925,000 SH   SOLE   925,000 0 0
MONDELEZ INTERNATIONAL CL A ORD COMMON 609207105 89,906 1,448,000 SH   SOLE   1,448,000 0 0
NORFOLK SOUTHERN ORD COMMON 655844108 133,575 587,687 SH   SOLE   587,687 0 0
PEPSICO ORD COMMON 713448108 21,249 127,500 SH   SOLE   127,500 0 0
PFIZER ORD COMMON 717081103 30,362 579,100 SH   SOLE   579,100 0 0
PHILIP MORRIS INTERNATIONAL ORD COMMON 718172109 108,782 1,101,700 SH   SOLE   1,101,700 0 0
PINNACLE WEST ORD COMMON 723484101 53,338 729,460 SH   SOLE   729,460 0 0
PNC FINANCIAL SERVICES GROUP ORD COMMON 693475105 85,669 543,000 SH   SOLE   543,000 0 0
PROCTER & GAMBLE ORD COMMON 742718109 7,175 49,900 SH   SOLE   49,900 0 0
PROLOGIS REIT COMMON 74340W103 69,414 590,000 SH   SOLE   590,000 0 0
QUALCOMM ORD COMMON 747525103 122,311 957,500 SH   SOLE   957,500 0 0
RAYTHEON TECHNOLOGIES ORD COMMON 75513E101 6,824 71,000 SH   SOLE   71,000 0 0
RPM ORD COMMON 749685103 64,922 824,725 SH   SOLE   824,725 0 0
SNAP ON ORD COMMON 833034101 66,353 336,764 SH   SOLE   336,764 0 0
TJX ORD COMMON 872540109 48,394 866,500 SH   SOLE   866,500 0 0
UNITEDHEALTH GRP ORD COMMON 91324P102 240,801 468,822 SH   SOLE   468,822 0 0
US BANCORP ORD COMMON 902973304 29,108 632,500 SH   SOLE   632,500 0 0
VALERO ENERGY ORD COMMON 91913Y100 54,696 514,640 SH   SOLE   514,640 0 0
VERIZON COMMUNICATIONS ORD COMMON 92343V104 24,700 486,700 SH   SOLE   486,700 0 0
VF ORD COMMON 918204108 51,442 1,164,630 SH   SOLE   1,164,630 0 0