Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LQD	ISHARES Iboxx Investment Grade Corporate Bond Fund	80,500	$9.514M	9.5%	$113.58	—	Exchange Traded Fund	464287242
SPG	SIMON PROPERTY GROUP INC	40,972	$6.737M	6.7%	$89.29	+8.5%	REITS	828806109
PSA	PUBLIC STORAGE INC	31,990	$5.304M	5.3%	$103.90	+6.3%	REITS	74460D109
VTR	VENTAS INC	78,715	$4.876M	4.9%	$45.96	-3.8%	REITS	92276F100
—	HCP INC	93,250	$3.702M	3.7%	$42.21	—	REITS	40414L109
VNO	VORNADO REALTY TRUST	34,495	$3.448M	3.5%	$82.89	—	REITS	929042109
EQR	EQUITY RESIDENTIAL PROPS TR	49,276	$3.034M	3.0%	$33.44	+10.4%	REITS	29476L107
BXP	BOSTON PROPERTIES INC	25,973	$3.006M	3.0%	$69.61	+6.7%	REITS	101121101
—	CBL & ASSOCIATES PROPERTIES	159,662	$2.858M	2.9%	$20.15	—	REITS	124830100
—	AMERICAN CAPITAL AGENCY CORP	110,400	$2.347M	2.4%	$21.87	—	REITS	02503X105
OLP	ONE LIBERTY PROPERTIES INC	115,487	$2.336M	2.3%	$21.52	—	REITS	682406103
—	CORRECTIONS CORP OF AMERICA	67,690	$2.326M	2.3%	$31.80	—	REITS	22025Y407
—	TAUBMAN CENTERS INC	28,748	$2.098M	2.1%	$71.61	—	REITS	876664103
—	SELECT INCOME REIT	82,931	$1.994M	2.0%	$25.21	—	REITS	81618T100
KIM	KIMCO REALTY CORP	79,877	$1.749M	1.8%	$12.86	+3.4%	REITS	49446R109
CDP	CORPORATE OFFICE PROPERTIES	60,555	$1.557M	1.6%	$26.45	—	REITS	22002T108
PLD	PROLOGIS INC	40,923	$1.543M	1.5%	$28.29	+1.9%	REITS	74340W103
AVB	AVALONBAY COMMUNITIES INC	10,428	$1.47M	1.5%	$87.72	+15.8%	REITS	053484101
SKT	TANGER FACTORY OUTLET CENTERS	40,761	$1.334M	1.3%	$33.30	—	REITS	875465106
CPT	CAMDEN PROPERTY TRUST	18,363	$1.258M	1.3%	$43.52	+6.6%	REITS	133131102
ARE	ALEXANDRIA REAL ESTATE EQUIT	15,150	$1.117M	1.1%	$49.15	+5.9%	REITS	015271109
—	ASSOCIATED ESTATES REALTY CP	61,548	$1.078M	1.1%	$15.64	—	REITS	045604105
—	APARTMENTS INVESTMENT	33,694	$1.072M	1.1%	$31.28	—	REITS	03748R101
—	HOSPITALITY PROPERTIES TRUST	38,568	$1.035M	1.0%	$26.48	—	REITS	44106M102
—	LIBERTY PROPERTY TRUST	29,350	$976K	1.0%	$35.85	—	REITS	531172104
—	DUKE REALTY CORP	56,765	$975K	1.0%	$15.59	—	REITS	264411505
MAC	THE MACERICH CO	14,134	$902K	0.9%	$60.29	—	REITS	554382101
ELS	EQUITY LIFESTYLE PROPERTIES	21,056	$892K	0.9%	$51.25	—	REITS	29472R108
—	HEALTH CARE REIT INC	13,283	$828K	0.8%	$66.75	—	REITS	42217K106
HST	HOST HOTELS & RESORTS INC	37,048	$790K	0.8%	$11.10	+26.4%	REITS	44107P104
—	SOVRAN SELF STORAGE INC	10,186	$758K	0.8%	$69.84	—	REITS	84610H108
CUBE	CUBESMART	41,600	$748K	0.7%	$17.61	—	REITS	229663109
—	FEDERAL REALTY INVS TRUST	6,107	$723K	0.7%	$107.48	—	REITS	313747206
—	SL GREEN	7,121	$721K	0.7%	$88.19	—	REITS	78440X101
INTC	INTEL CORP	20,000	$696K	0.7%	$17.14	+50.2%	Common Stock	458140100
MSFT	MICROSOFT CORP	14,800	$686K	0.7%	$26.70	+41.0%	Common Stock	594918104
BRK/B	BERKSHIRE HATHAWAY INC.	4,900	$677K	0.7%	$110.02	+21.1%	Common Stock	084670702
WFC	WELLS FARGO & COMPANY	12,900	$669K	0.7%	$27.36	+36.7%	Common Stock	949746101
—	APACHE CORP	6,775	$636K	0.6%	$86.86	—	Common Stock	037411105
—	BIOMED REALTY TRUST INC	31,476	$636K	0.6%	$19.85	—	REITS	09063H107
—	NATIONAL OILWELL VARCO INC	8,250	$628K	0.6%	$79.26	—	Common Stock	637071101
CVX	CHEVRON CORPORATION	5,050	$603K	0.6%	$71.66	+9.6%	Common Stock	166764100
—	AMERICAN CAMPUS COMMUNITIES	15,851	$578K	0.6%	$39.21	—	REITS	024835100
—	PENN REAL ESTATE INVEST TRUST	28,471	$568K	0.6%	$18.55	—	REITS	709102107
REG	REGENCY CENTERS CORP	10,271	$553K	0.6%	$33.45	+8.9%	REITS	758849103
—	AETNA INC	6,600	$535K	0.5%	$63.57	—	Common Stock	00817Y108
AFL	AFLAC INC	9,150	$533K	0.5%	$20.11	+15.6%	Common Stock	001055102
WMT	WAL-MART STORES INC	6,800	$520K	0.5%	$20.01	+1.5%	Common Stock	931142103
SYK	STRYKER CORP	6,200	$501K	0.5%	$56.92	+26.4%	Common Stock	863667101
C	CITIGROUP INC	9,425	$488K	0.5%	$37.42	0.0%	Common Stock	172967424
—	DDR CORP	28,964	$484K	0.5%	$16.65	—	REITS	23317H102
PG	PROCTER & GAMBLE CO	5,775	$484K	0.5%	$58.28	+2.5%	Common Stock	742718109
O	REALTY INCOME CORPORATION	11,700	$477K	0.5%	$25.02	0.0%	REITS	756109104
—	VARIAN MEDICAL SYSTEMS	5,900	$473K	0.5%	$67.41	—	Common Stock	92220P105
HIW	HIGHWOOD PROPERTIES INC	12,000	$467K	0.5%	$35.58	—	REITS	431284108
SBRA	SABRA HEALTH CARE REIT INC	19,163	$466K	0.5%	$24.80	—	REITS	78573L106
UDR	UDR INC	16,902	$461K	0.5%	$15.79	+22.8%	REITS	902653104
—	EDUCATION REALTY TRUST INC	44,145	$454K	0.5%	$10.29	—	REITS	28140H104
—	GOVERNMENT PROPERTIES INCOME	20,000	$438K	0.4%	$23.21	—	REITS	38376A103
DNOW	NOW INC/DE	13,336	$406K	0.4%	$33.37	-1.9%	Common Stock	67011P100
—	CORESITE REALTY CORP	12,121	$398K	0.4%	$32.84	—	REITS	21870Q105
—	RETAIL PROPERTIES OF AMERICA	27,114	$396K	0.4%	$13.63	—	REITS	76131V202
AMT	AMERICAN TOWER CORP	4,100	$384K	0.4%	$72.53	0.0%	REITS	03027X100
—	WEINGARTEN REALTY INVST	11,998	$378K	0.4%	$30.77	—	REITS	948741103
DLR	DIGITAL REALTY TRUST INC	5,800	$362K	0.4%	$39.22	+6.1%	REITS	253868103
—	RAMCO GERHENSON PROPERTIES	22,050	$358K	0.4%	$15.52	—	REITS	751452202
—	INLAND REAL ESTATE CORP	35,300	$350K	0.4%	$10.20	—	REITS	457461200
NNN	NATIONAL RETAIL PROPERTIES	10,000	$346K	0.3%	$34.60	—	REITS	637417106
—	EQUITY COMMONWEALTH	13,206	$339K	0.3%	$25.67	—	REITS	294628102
—	CHAMBERS STREET PROPERTIES	44,500	$335K	0.3%	$7.64	—	REITS	157842105
—	CAMPUS CREST COMMUNITIES INC	51,000	$327K	0.3%	$6.41	—	REITS	13466Y105
—	WASHINGTON PRIME GROUP INC	18,673	$326K	0.3%	$18.74	—	REITS	939647103
VMI	VALMONT INDUSTRIES	2,350	$317K	0.3%	$141.23	+1.6%	Common Stock	920253101
—	STAPLES INC	25,100	$304K	0.3%	$10.84	—	Common Stock	855030102
MAA	MID-AMERICA APARTMENT COMM INC	4,455	$292K	0.3%	$43.10	+10.8%	REITS	59522J103
TDS	TELEPHONE AND DATA SYSTEMS	11,700	$280K	0.3%	$25.15	+0.9%	Common Stock	879433829
UHT	UNIVERSAL HEALTH REALTY INCOME	6,487	$270K	0.3%	$43.06	—	REITS	91359E105
—	AVIV REIT INC	10,000	$264K	0.3%	$26.40	—	REITS	05381L101
—	SPIRIT REALTY CAPITAL	22,615	$248K	0.2%	$10.86	—	REITS	84860W102
—	TOTAL SYSTEM SERVICES INC	7,700	$238K	0.2%	$24.50	—	Common Stock	891906109
ELME	WASHINGTON REAL ESTATE INV	9,132	$232K	0.2%	$26.91	—	REITS	939653101
ESS	ESSEX PROPERTY TRUST INC	1,110	$198K	0.2%	$114.57	+14.2%	REITS	297178105
AAT	AMERICAN ASSETS TRUST INC	5,979	$197K	0.2%	$32.95	—	REITS	024013104
FSP	FRANLKLIN STREET PROPERTIES C	16,114	$181K	0.2%	$13.16	—	REITS	35471R106
AHRT	ARMADA HOFFLER PROPERTIES	19,761	$179K	0.2%	$9.88	—	REITS	04208T108
DEI	DOUGLAS EMMETT INC	6,700	$172K	0.2%	$24.93	—	REITS	25960P109
MMM	3M CO	1,125	$159K	0.2%	$61.26	+36.3%	Common Stock	88579Y101
EMR	EMERSON ELECTRIC CO	2,525	$158K	0.2%	$40.39	+18.3%	Common Stock	291011104
—	EQUITY ONE INC	6,770	$146K	0.1%	$22.21	—	REITS	294752100
—	GENERAL GROWTH PROPERTIES	6,162	$145K	0.1%	$19.96	—	REITS	370023103
—	LASALLE HOTEL PROPERTIES	4,100	$140K	0.1%	$24.66	—	REITS	517942108
KRC	KILROY REALTY CORP	2,280	$136K	0.1%	$53.07	—	REITS	49427F108
—	EXCEL TRUST INC	11,532	$136K	0.1%	$12.67	—	REITS	30068C109
—	GLIMCHER REALTY TRUST	10,000	$136K	0.1%	$10.94	—	REITS	379302102
AKR	ACADIA REALTY TRUST	4,945	$136K	0.1%	$27.25	—	REITS	004239109
BRX	BRIXMOR PROPERTY GROUP INC	6,000	$134K	0.1%	$20.33	—	REITS	11120U105
—	PS BUSINESS PARKS INC CA	1,708	$130K	0.1%	$72.21	—	REITS	69360J107
—	STRATEGIC HOTELS & RESORTS INC	11,089	$129K	0.1%	$11.63	—	REITS	86272T106
—	ASHFORD HOSPITALITY PRIME INC	8,337	$127K	0.1%	$15.23	—	REITS	044102101
—	COUSINS PROPERTIES INC	9,691	$116K	0.1%	$10.11	—	REITS	222795106
LTC	LTC PROPERTIES INC	2,956	$109K	0.1%	$39.03	—	REITS	502175102
—	FIRST POTOMAC REALTY TRUST	8,900	$105K	0.1%	$13.03	—	REITS	33610F109
VRE	MACK-CALI REALTY CORPORATION	4,879	$93,000	0.1%	$23.69	—	REITS	554489104
—	HEALTHCARE REALTY TRUST INC	3,900	$92,000	0.1%	$25.38	—	REITS	421946104
—	ROUSE PROPERTIES INC	4,932	$80,000	0.1%	$17.21	—	REITS	779287101
WSR	WHITESTONE REIT	5,282	$74,000	0.1%	$13.33	—	REITS	966084204
OHI	OMEGA HEALTHCARE INVESTORS	1,778	$61,000	0.1%	$32.12	—	REITS	681936100
—	PARKWAY PROPERTIES INC	2,973	$56,000	0.1%	$16.82	—	REITS	70159Q104
NHI	NATL HEALTH INVESTORS INC	900	$51,000	0.1%	$60.00	—	REITS	63633D104
KRG	KITE REALTY GROUP TRUST	1,925	$47,000	0.0%	$24.42	—	REITS	49803T300
—	HERSHA HOSPITALITY TRUST	5,900	$38,000	0.0%	$5.59	—	REITS	427825104
EGP	EASTGROUP PROPERTIES INC	600	$36,000	0.0%	$56.25	—	REITS	277276101
—	PREFERRED APARTMENT COMMUN	4,251	$35,000	0.0%	$8.04	—	REITS	74039L103
—	CEDAR SHOPPING CENTERS INC	5,675	$33,000	0.0%	$5.17	—	REITS	150602209
PDM	PIEDMONT OFFICE REALTY TRUST	1,407	$25,000	0.0%	$17.86	—	REITS	720190206
—	SENIOR HOUSING PROP TRUST	1,170	$24,000	0.0%	$25.93	—	REITS	81721M109
BFS	SAUL CENTERS INC	500	$23,000	0.0%	$44.00	—	REITS	804395101
SHO	SUNSTONE HOTEL INVESTORS INC	1,328	$18,000	0.0%	$12.01	—	REITS	867892101
—	WINTHROP REALTY TRUST	801	$12,000	0.0%	$12.48	—	REITS	976391300
—	INVESTORS REAL ESTATE TRUST	992	$8,000	0.0%	$9.07	—	REITS	461730103
DRH	DIAMONDROCK HOSPITALITY CO	282	$4,000	0.0%	$9.29	—	REITS	252784301
BDN	BRANDYWINE REALTY TRUST	192	$3,000	0.0%	$13.46	—	REITS	105368203
—	DUPONT FABROS TECHNOLOGY INC	112	$3,000	0.0%	$26.79	—	REITS	26613Q106
—	ANNALY CAPITAL MANAGEMENT INC	200	$3,000	0.0%	$15.00	—	REITS	035710409
—	TRADE STREET RESIDENTIAL INC REIT	408	$3,000	0.0%	$9.80	—	REITS	89255N203
—	HOME PROPERTIES INC	60	$3,000	0.0%	$65.09	—	REITS	437306103
FR	FIRST INDUSTRIAL REALTY TR	200	$3,000	0.0%	$15.17	—	REITS	32054K103
—	ISTAR FINANCIAL INC	216	$3,000	0.0%	$9.26	—	REITS	45031U101