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
ISHARES TR IBOXX HI YD ETF 464288513 282,264 3,234,750 SH   SOLE   3,234,750 0 0
ISHARES TR IBOXX INV CP ETF 464287242 1,602,727 13,011,259 SH   SOLE   13,011,259 0 0
NUSHARES ETF TR ENHANCED YIELD 67092P102 25,166 998,240 SH   SOLE   998,240 0 0
TORONTO DOMINION BK ONT NOTE 3.625% 9/1 891160MJ9 20,851 20,775,000 PRN   SOLE   20,775,000 0 0
AKAMAI TECHNOLOGIES INC COM 00971T101 21,151 399,143 SH   SOLE   399,143 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 17,343 473,724 SH   SOLE   473,724 0 0
CALPINE CORP COM NEW 131347304 28,165 2,228,216 SH   SOLE   2,228,216 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 8,485 31,431 SH   SOLE   31,431 0 0
FEDERAL MOGUL HOLDINGS CORP COM 313549404 20,354 2,118,016 SH   SOLE   2,118,016 0 0
GCP APPLIED TECHNOLOGIES INC COM 36164Y101 5,977 211,063 SH   SOLE   211,063 0 0
GRACE W R & CO DEL NEW COM 38388F108 15,576 211,063 SH   SOLE   211,063 0 0
INFRAREIT INC COM 45685L100 101,153 5,576,235 SH   SOLE   5,576,235 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 19,440 419,142 SH   SOLE   419,142 0 0
TRIBUNE MEDIA CO CL A 896047503 7,282 199,400 SH   SOLE   199,400 0 0
TRONOX LTD SHS CL A Q9235V101 2,330 248,690 SH   SOLE   248,690 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 813 136,573 SH   SOLE   136,573 0 0
EQUITY ONE COM 294752100 3,037 99,201 SH   SOLE   99,201 0 0
ACADIA RLTY TR COM SH BEN INT 004239109 3,100 85,537 SH   SOLE   85,537 0 0
AGREE REALTY CORP COM 008492100 1,178 23,830 SH   SOLE   23,830 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 973 68,156 SH   SOLE   68,156 0 0
ONE LIBERTY PPTYS INC COM 682406103 372 15,418 SH   SOLE   15,418 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 1,590 84,869 SH   SOLE   84,869 0 0
UMH PPTYS INC COM 903002103 317 26,623 SH   SOLE   26,623 0 0
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 899 14,263 SH   SOLE   14,263 0 0
URSTADT BIDDLE PPTYS INC CL A 917286205 710 31,959 SH   SOLE   31,959 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 2,870 101,220 SH   SOLE   101,220 0 0
VENTAS INC COM 92276F100 26,148 370,213 SH   SOLE   370,213 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 5,770 254,052 SH   SOLE   254,052 0 0
GETTY RLTY CORP NEW COM 374297109 631 26,359 SH   SOLE   26,359 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 2,898 185,512 SH   SOLE   185,512 0 0
FELCOR LODGING TR INC COM 31430F101 958 148,991 SH   SOLE   148,991 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 5,115 172,107 SH   SOLE   172,107 0 0
LASALLE HOTEL PPTYS COM SH BEN INT 517942108 2,885 120,865 SH   SOLE   120,865 0 0
LEXINGTON REALTY TRUST COM 529043101 2,642 256,516 SH   SOLE   256,516 0 0
MACK CALI RLTY CORP COM 554489104 2,595 95,318 SH   SOLE   95,318 0 0
MID-AMER APT CMNTYS INC COM 59522J103 7,489 79,675 SH   SOLE   79,675 0 0
REALTY INCOME CORP COM 756109104 18,230 272,373 SH   SOLE   272,373 0 0
SAUL CTRS INC COM 804395101 1,003 15,057 SH   SOLE   15,057 0 0
SUN CMNTYS INC COM 866674104 5,045 64,283 SH   SOLE   64,283 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 3,995 102,551 SH   SOLE   102,551 0 0
RAYONIER INC COM 754907103 3,477 131,013 SH   SOLE   131,013 0 0
ALEXANDERS INC COM 014752109 916 2,183 SH   SOLE   2,183 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 8,975 82,515 SH   SOLE   82,515 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 7,668 167,020 SH   SOLE   167,020 0 0
CBL & ASSOC PPTYS INC COM 124830100 2,144 176,571 SH   SOLE   176,571 0 0
CAMDEN PPTY TR SH BEN INT 133131102 7,741 92,438 SH   SOLE   92,438 0 0
COUSINS PPTYS INC COM 222795106 2,315 221,763 SH   SOLE   221,763 0 0
EASTGROUP PPTY INC COM 277276101 2,564 34,861 SH   SOLE   34,861 0 0
ESSEX PPTY TR INC COM 297178105 15,477 69,499 SH   SOLE   69,499 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 11,537 74,952 SH   SOLE   74,952 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 3,523 124,852 SH   SOLE   124,852 0 0
HEALTHCARE RLTY TR COM 421946104 4,155 121,992 SH   SOLE   121,992 0 0
HIGHWOODS PPTYS INC COM 431284108 5,427 104,134 SH   SOLE   104,134 0 0
KILROY RLTY CORP COM 49427F108 6,772 97,644 SH   SOLE   97,644 0 0
LTC PPTYS INC COM 502175102 2,097 40,342 SH   SOLE   40,342 0 0
LIBERTY PPTY TR SH BEN INT 531172104 6,382 158,161 SH   SOLE   158,161 0 0
MACERICH CO COM 554382101 12,297 152,056 SH   SOLE   152,056 0 0
NATIONAL HEALTH INVS INC COM 63633D104 2,944 37,511 SH   SOLE   37,511 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 6,464 182,355 SH   SOLE   182,355 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 2,461 21,667 SH   SOLE   21,667 0 0
PARKWAY PPTYS INC COM 70159Q104 1,431 84,119 SH   SOLE   84,119 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 1,609 69,866 SH   SOLE   69,866 0 0
TAUBMAN CTRS INC COM 876664103 4,798 64,475 SH   SOLE   64,475 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 2,444 78,539 SH   SOLE   78,539 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 4,740 121,612 SH   SOLE   121,612 0 0
KIMCO RLTY CORP COM 49446R109 12,851 443,907 SH   SOLE   443,907 0 0
VORNADO RLTY TR SH BEN INT 929042109 18,149 179,319 SH   SOLE   179,319 0 0
AVALONBAY CMNTYS INC COM 053484101 25,772 144,914 SH   SOLE   144,914 0 0
BOSTON PROPERTIES INC COM 101121101 22,124 162,333 SH   SOLE   162,333 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 24,543 381,517 SH   SOLE   381,517 0 0
HOST HOTELS & RESORTS INC COM 44107P104 12,322 791,374 SH   SOLE   791,374 0 0
POST PPTYS INC COM 737464107 3,786 57,250 SH   SOLE   57,250 0 0
SL GREEN RLTY CORP COM 78440X101 11,399 105,452 SH   SOLE   105,452 0 0
DUKE REALTY CORP COM NEW 264411505 10,085 369,002 SH   SOLE   369,002 0 0
PUBLIC STORAGE COM 74460D109 34,239 153,440 SH   SOLE   153,440 0 0
SIMON PPTY GROUP INC NEW COM 828806109 68,794 332,324 SH   SOLE   332,324 0 0
WEYERHAEUSER CO COM 962166104 25,244 790,365 SH   SOLE   790,365 0 0
REGENCY CTRS CORP COM 758849103 8,560 110,472 SH   SOLE   110,472 0 0
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 1,626 117,214 SH   SOLE   117,214 0 0
GLADSTONE COML CORP COM 376536108 433 23,254 SH   SOLE   23,254 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 536 91,011 SH   SOLE   91,011 0 0
ISHARES TR U.S. REAL ES ETF 464287739 120,960 1,500,000 SH   SOLE   1,500,000 0 0
FIRST POTOMAC RLTY TR COM 33610F109 567 61,948 SH   SOLE   61,948 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 663 92,124 SH   SOLE   92,124 0 0
EXTRA SPACE STORAGE INC COM 30225T102 9,930 125,053 SH   SOLE   125,053 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 7,003 137,664 SH   SOLE   137,664 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 2,974 232,529 SH   SOLE   232,529 0 0
DIGITAL RLTY TR INC COM 253868103 16,356 168,414 SH   SOLE   168,414 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 6,288 81,468 SH   SOLE   81,468 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 1,948 214,042 SH   SOLE   214,042 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 3,773 255,456 SH   SOLE   255,456 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 1,338 106,210 SH   SOLE   106,210 0 0
POTLATCH CORP NEW COM 737630103 1,582 40,691 SH   SOLE   40,691 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 7,826 153,902 SH   SOLE   153,902 0 0
DOUGLAS EMMETT INC COM 25960P109 5,366 146,504 SH   SOLE   146,504 0 0
UDR INC COM 902653104 10,175 282,721 SH   SOLE   282,721 0 0
HCP INC COM 40414L109 18,678 492,165 SH   SOLE   492,165 0 0
DUPONT FABROS TECHNOLOGY INC COM 26613Q106 3,244 78,643 SH   SOLE   78,643 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 1,737 76,778 SH   SOLE   76,778 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 2,519 114,731 SH   SOLE   114,731 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 2,034 76,448 SH   SOLE   76,448 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 1,484 64,801 SH   SOLE   64,801 0 0
PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 3,382 155,362 SH   SOLE   155,362 0 0
TERRENO RLTY CORP COM 88146M101 1,278 46,459 SH   SOLE   46,459 0 0
CHATHAM LODGING TR COM 16208T102 773 40,150 SH   SOLE   40,150 0 0
HUDSON PAC PPTYS INC COM 444097109 3,799 115,567 SH   SOLE   115,567 0 0
CORESITE RLTY CORP COM 21870Q105 2,649 35,782 SH   SOLE   35,782 0 0
WHITESTONE REIT COM 966084204 383 27,622 SH   SOLE   27,622 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 1,772 70,355 SH   SOLE   70,355 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 14,706 532,810 SH   SOLE   532,810 0 0
AMERICAN ASSETS TR INC COM 024013104 1,820 41,950 SH   SOLE   41,950 0 0
SUMMIT HOTEL PPTYS COM 866082100 1,208 91,828 SH   SOLE   91,828 0 0
PREFERRED APT CMNTYS INC COM 74039L103 323 23,945 SH   SOLE   23,945 0 0
STAG INDL INC COM 85254J102 1,810 73,832 SH   SOLE   73,832 0 0
RLJ LODGING TR COM 74965L101 2,820 134,105 SH   SOLE   134,105 0 0
PROLOGIS INC COM 74340W103 29,668 554,123 SH   SOLE   554,123 0 0
DDR CORP COM 23317H102 5,731 328,803 SH   SOLE   328,803 0 0
CUBESMART COM 229663109 5,118 187,733 SH   SOLE   187,733 0 0
AMERICAN TOWER CORP NEW COM 03027X100 50,656 446,977 SH   SOLE   446,977 0 0
SELECT INCOME REIT COM SH BEN INT 81618T100 1,978 73,541 SH   SOLE   73,541 0 0
RETAIL PPTYS AMER INC CL A 76131V202 4,256 253,341 SH   SOLE   253,341 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 2,483 51,555 SH   SOLE   51,555 0 0
W P CAREY INC COM 92936U109 6,159 95,448 SH   SOLE   95,448 0 0
EPR PPTYS COM SH BEN INT 26884U109 5,240 66,550 SH   SOLE   66,550 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 645 36,820 SH   SOLE   36,820 0 0
CYRUSONE INC COM 23283R100 3,854 81,020 SH   SOLE   81,020 0 0
ARMADA HOFFLER PPTYS INC COM 04208T108 465 34,711 SH   SOLE   34,711 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 6,562 492,268 SH   SOLE   492,268 0 0
REXFORD INDL RLTY INC COM 76169C100 1,562 68,247 SH   SOLE   68,247 0 0
PHYSICIANS RLTY TR COM 71943U104 3,135 145,526 SH   SOLE   145,526 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 5,112 236,229 SH   SOLE   236,229 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 292 32,461 SH   SOLE   32,461 0 0
EMPIRE ST RLTY TR INC CL A 292104106 2,706 129,176 SH   SOLE   129,176 0 0
QTS RLTY TR INC COM CL A 74736A103 2,519 47,656 SH   SOLE   47,656 0 0
COLUMBIA PPTY TR INC COM NEW 198287203 2,962 132,277 SH   SOLE   132,277 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 7,264 217,163 SH   SOLE   217,163 0 0
BRIXMOR PPTY GROUP INC COM 11120U105 8,916 320,818 SH   SOLE   320,818 0 0
ASHFORD HOSPITALITY PRIME IN COM 044102101 414 29,357 SH   SOLE   29,357 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 546 46,704 SH   SOLE   46,704 0 0
BLUEROCK RESIDENTIAL GRW REI COM CL A 09627J102 267 20,504 SH   SOLE   20,504 0 0
NEW YORK REIT INC COM 64976L109 1,628 177,920 SH   SOLE   177,920 0 0
CARETRUST REIT INC COM 14174T107 814 55,061 SH   SOLE   55,061 0 0
GEO GROUP INC NEW COM 36162J106 1,791 75,332 SH   SOLE   75,332 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 4,087 135,252 SH   SOLE   135,252 0 0
KITE RLTY GROUP TR COM NEW 49803T300 2,411 86,962 SH   SOLE   86,962 0 0
NEW SR INVT GROUP INC COM 648691103 951 82,418 SH   SOLE   82,418 0 0
DCT INDUSTRIAL TRUST INC COM NEW 233153204 4,664 96,068 SH   SOLE   96,068 0 0
STORE CAP CORP COM 862121100 4,689 159,121 SH   SOLE   159,121 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 5,761 88,213 SH   SOLE   88,213 0 0
PARAMOUNT GROUP INC COM 69924R108 2,562 156,333 SH   SOLE   156,333 0 0
OUTFRONT MEDIA INC COM 69007J106 3,454 146,055 SH   SOLE   146,055 0 0
MONOGRAM RESIDENTIAL TR INC COM 60979P105 1,908 179,363 SH   SOLE   179,363 0 0
EDUCATION RLTY TR INC COM NEW 28140H203 3,327 77,121 SH   SOLE   77,121 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 33,640 357,078 SH   SOLE   357,078 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 4,723 144,774 SH   SOLE   144,774 0 0
URBAN EDGE PPTYS COM 91704F104 2,685 95,413 SH   SOLE   95,413 0 0
IRON MTN INC NEW COM 46284V101 9,511 253,437 SH   SOLE   253,437 0 0
EQUINIX INC COM PAR $0.001 29444U700 27,070 75,143 SH   SOLE   75,143 0 0
XENIA HOTELS & RESORTS INC COM 984017103 1,768 116,457 SH   SOLE   116,457 0 0
EASTERLY GOVT PPTYS INC COM 27616P103 647 33,927 SH   SOLE   33,927 0 0
NEXPOINT RESIDENTIAL TR INC COM 65341D102 361 18,365 SH   SOLE   18,365 0 0
COMMUNICATIONS SALES&LEAS IN COM 20341J104 5,051 160,804 SH   SOLE   160,804 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 747 35,677 SH   SOLE   35,677 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 3,303 178,441 SH   SOLE   178,441 0 0
COMMUNITY HEALTHCARE TR INC COM 20369C106 290 13,231 SH   SOLE   13,231 0 0
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 730 40,500 SH   SOLE   40,500 0 0
TIER REIT INC COM NEW 88650V208 805 52,125 SH   SOLE   52,125 0 0
VEREIT INC COM 92339V100 10,585 1,020,727 SH   SOLE   1,020,727 0 0
CARE CAP PPTYS INC COM 141624106 2,562 89,888 SH   SOLE   89,888 0 0
WELLTOWER INC COM 95040Q104 28,091 375,697 SH   SOLE   375,697 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 716 65,380 SH   SOLE   65,380 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 2,500 189,799 SH   SOLE   189,799 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 1,359 63,718 SH   SOLE   63,718 0 0
CORENERGY INFRASTRUCTURE TR COM NEW 21870U502 372 12,695 SH   SOLE   12,695 0 0
GRAMERCY PPTY TR COM 385002100 4,264 442,358 SH   SOLE   442,358 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 5,758 248,957 SH   SOLE   248,957 0 0
COLONY STARWOOD HOMES COM 19625X102 1,531 53,362 SH   SOLE   53,362 0 0
GLOBAL MED REIT INC COM NEW 37954A204 140 14,323 SH   SOLE   14,323 0 0
LIFE STORAGE INC COM 53223X107 4,321 48,588 SH   SOLE   48,588 0 0
WASHINGTON PRIME GROUP NEW COM 93964W108 2,413 194,951 SH   SOLE   194,951 0 0
RSP PERMIAN INC COM 74978Q105 258,989 6,680,135 SH   SOLE   6,680,135 0 0
TRIANGLE PETE CORP COM NEW 89600B201 3,178 11,350,000 SH   SOLE   11,350,000 0 0
CRESCENT PT ENERGY CORP COM 22576C101 92,010 6,977,609 SH   SOLE   6,977,609 0 0
ROYAL BK SCOTLAND GROUP PLC NOTE 8.625%12/3 780097BB6 222 225,000 PRN   SOLE   225,000 0 0
ING GROEP N V DBCV 6.000%12/3 456837AE3 292 300,000 PRN   SOLE   300,000 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 2,214 95,397 SH   SOLE   95,397 0 0
APPLE INC COM 037833100 8,727 77,200 SH   SOLE   77,200 0 0
GENERAL ELECTRIC CO COM 369604103 7,977 269,300 SH   SOLE   269,300 0 0
JOHNSON & JOHNSON COM 478160104 11,352 96,100 SH   SOLE   96,100 0 0
COCA COLA CO COM 191216100 5,324 125,800 SH   SOLE   125,800 0 0
PEPSICO INC COM 713448108 5,591 51,400 SH   SOLE   51,400 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 14,466 278,300 SH   SOLE   278,300 0 0
UNION PAC CORP COM 907818108 5,686 58,300 SH   SOLE   58,300 0 0
PROCTER AND GAMBLE CO COM 742718109 7,494 83,500 SH   SOLE   83,500 0 0
PFIZER INC COM 717081103 7,878 232,600 SH   SOLE   232,600 0 0
KIMBERLY CLARK CORP COM 494368103 3,998 31,697 SH   SOLE   31,697 0 0
METLIFE INC COM 59156R108 3,821 86,000 SH   SOLE   86,000 0 0
US BANCORP DEL COM NEW 902973304 2,831 66,000 SH   SOLE   66,000 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 4,973 68,200 SH   SOLE   68,200 0 0
WASTE MGMT INC DEL COM 94106L109 3,201 50,200 SH   SOLE   50,200 0 0
ANALOG DEVICES INC COM 032654105 3,203 49,700 SH   SOLE   49,700 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 2,957 24,200 SH   SOLE   24,200 0 0
MERCK & CO INC COM 58933Y105 3,901 62,500 SH   SOLE   62,500 0 0
BB&T CORP COM 054937107 2,229 59,100 SH   SOLE   59,100 0 0
ALTRIA GROUP INC COM 02209S103 4,312 68,200 SH   SOLE   68,200 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 3,307 35,100 SH   SOLE   35,100 0 0
BCE INC PUT 05534B950 4,343 94,200 SH   SOLE   94,200 0 0
AMERICAN ELEC PWR INC COM 025537101 4,392 68,400 SH   SOLE   68,400 0 0
CISCO SYS INC COM 17275R102 5,754 181,400 SH   SOLE   181,400 0 0
MICROSOFT CORP COM 594918104 6,031 104,700 SH   SOLE   104,700 0 0
WAL-MART STORES INC COM 931142103 7,068 98,000 SH   SOLE   98,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 4,781 30,100 SH   SOLE   30,100 0 0
XCEL ENERGY INC COM 98389B100 5,558 135,100 SH   SOLE   135,100 0 0
CHUBB LIMITED COM H1467J104 4,297 34,200 SH   SOLE   34,200 0 0
MATTEL INC COM 577081102 3,809 125,800 SH   SOLE   125,800 0 0
CHEVRON CORP NEW COM 166764100 8,738 84,900 SH   SOLE   84,900 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 2,582 77,188 SH   SOLE   77,188 0 0
PPL CORP COM 69351T106 3,976 115,000 SH   SOLE   115,000 0 0
WELLS FARGO & CO NEW COM 949746101 5,314 120,000 SH   SOLE   120,000 0 0
DOW CHEM CO COM 260543103 5,002 96,500 SH   SOLE   96,500 0 0
GENERAL MLS INC COM 370334104 4,146 64,900 SH   SOLE   64,900 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 3,302 82,700 SH   SOLE   82,700 0 0
CA INC COM 12673P105 4,290 129,700 SH   SOLE   129,700 0 0
DOMINION RES INC VA NEW COM 25746U109 5,132 69,100 SH   SOLE   69,100 0 0
EXXON MOBIL CORP COM 30231G102 8,702 99,700 SH   SOLE   99,700 0 0
ABBOTT LABS COM 002824100 4,610 109,000 SH   SOLE   109,000 0 0
MCDONALDS CORP COM 580135101 4,787 41,500 SH   SOLE   41,500 0 0
3M CO COM 88579Y101 5,058 28,700 SH   SOLE   28,700 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 6,475 80,900 SH   SOLE   80,900 0 0
KRAFT HEINZ CO COM 500754106 6,051 67,600 SH   SOLE   67,600 0 0
APPLE INC COM 037833100 8,727 77,200 SH   DFND 1 77,200 0 0
GENERAL ELECTRIC CO COM 369604103 7,977 269,300 SH   DFND 1 269,300 0 0
JOHNSON & JOHNSON COM 478160104 11,352 96,100 SH   DFND 1 96,100 0 0
COCA COLA CO COM 191216100 5,324 125,800 SH   DFND 1 125,800 0 0
PEPSICO INC COM 713448108 5,591 51,400 SH   DFND 1 51,400 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 14,466 278,300 SH   DFND 1 278,300 0 0
UNION PAC CORP COM 907818108 5,686 58,300 SH   DFND 1 58,300 0 0
PROCTER AND GAMBLE CO COM 742718109 7,494 83,500 SH   DFND 1 83,500 0 0
PFIZER INC COM 717081103 7,878 232,600 SH   DFND 1 232,600 0 0
KIMBERLY CLARK CORP COM 494368103 3,998 31,697 SH   DFND 1 31,697 0 0
METLIFE INC COM 59156R108 3,821 86,000 SH   DFND 1 86,000 0 0
US BANCORP DEL COM NEW 902973304 2,831 66,000 SH   DFND 1 66,000 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 4,973 68,200 SH   DFND 1 68,200 0 0
WASTE MGMT INC DEL COM 94106L109 3,201 50,200 SH   DFND 1 50,200 0 0
ANALOG DEVICES INC COM 032654105 3,203 49,700 SH   DFND 1 49,700 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 2,957 24,200 SH   DFND 1 24,200 0 0
MERCK & CO INC COM 58933Y105 3,901 62,500 SH   DFND 1 62,500 0 0
BB&T CORP COM 054937107 2,229 59,100 SH   DFND 1 59,100 0 0
ALTRIA GROUP INC COM 02209S103 4,312 68,200 SH   DFND 1 68,200 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 3,307 35,100 SH   DFND 1 35,100 0 0
BCE INC PUT 05534B950 4,343 94,200 SH   DFND 1 94,200 0 0
AMERICAN ELEC PWR INC COM 025537101 4,392 68,400 SH   DFND 1 68,400 0 0
CISCO SYS INC COM 17275R102 5,754 181,400 SH   DFND 1 181,400 0 0
MICROSOFT CORP COM 594918104 6,031 104,700 SH   DFND 1 104,700 0 0
WAL-MART STORES INC COM 931142103 7,068 98,000 SH   DFND 1 98,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 4,781 30,100 SH   DFND 1 30,100 0 0
XCEL ENERGY INC COM 98389B100 5,558 135,100 SH   DFND 1 135,100 0 0
CHUBB LIMITED COM H1467J104 4,297 34,200 SH   DFND 1 34,200 0 0
MATTEL INC COM 577081102 3,809 125,800 SH   DFND 1 125,800 0 0
CHEVRON CORP NEW COM 166764100 8,738 84,900 SH   DFND 1 84,900 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 2,582 77,188 SH   DFND 1 77,188 0 0
PPL CORP COM 69351T106 3,976 115,000 SH   DFND 1 115,000 0 0
WELLS FARGO & CO NEW COM 949746101 5,314 120,000 SH   DFND 1 120,000 0 0
DOW CHEM CO COM 260543103 5,002 96,500 SH   DFND 1 96,500 0 0
GENERAL MLS INC COM 370334104 4,146 64,900 SH   DFND 1 64,900 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 3,302 82,700 SH   DFND 1 82,700 0 0
CA INC COM 12673P105 4,290 129,700 SH   DFND 1 129,700 0 0
DOMINION RES INC VA NEW COM 25746U109 5,132 69,100 SH   DFND 1 69,100 0 0
EXXON MOBIL CORP COM 30231G102 8,702 99,700 SH   DFND 1 99,700 0 0
ABBOTT LABS COM 002824100 4,610 109,000 SH   DFND 1 109,000 0 0
MCDONALDS CORP COM 580135101 4,787 41,500 SH   DFND 1 41,500 0 0
3M CO COM 88579Y101 5,058 28,700 SH   DFND 1 28,700 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 6,475 80,900 SH   DFND 1 80,900 0 0
KRAFT HEINZ CO COM 500754106 6,051 67,600 SH   DFND 1 67,600 0 0