Pensionfund PDN Diversified Active

Location: SITTARD, P7

CIK: 0001297731 · Show all filings

Period: Q1 2014 (← Previous) (Next →)

Filing Date: Apr 9, 2014

Total Value ($000): $626,514 (100.0% shares, 0.0% debt)

Holdings (167)

New Positions (5)

OXY OCCIDENTAL PETROLEUM CORP 0.9%

Value ($000) $5,527 Shares 58,000 Est. Cost $62.47 Unrealized 0.0%

— WISCONSIN ENERGY CORP 0.7%

Value ($000) $4,469 Shares 96,000 Est. Cost $46.55 Unrealized —

GILD GILEAD SCIENCES INC 0.4%

Value ($000) $2,764 Shares 39,000 Est. Cost $54.49 Unrealized 0.0%

BEN FRANKLIN RESOURCES INC 0.4%

Value ($000) $2,763 Shares 51,000 Est. Cost $32.15 Unrealized 0.0%

FOSL FOSSIL GROUP INC 0.4%

Value ($000) $2,565 Shares 22,000 Est. Cost $116.53 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
OXY	OCCIDENTAL PETROLEUM CORP	58,000	$5,527	0.9%	$62.47	0.0%	COMMON STOCK	674599105
—	WISCONSIN ENERGY CORP	96,000	$4,469	0.7%	$46.55	—	COMMON STOCK	976657106
GILD	GILEAD SCIENCES INC	39,000	$2,764	0.4%	$54.49	0.0%	COMMON STOCK	375558103
BEN	FRANKLIN RESOURCES INC	51,000	$2,763	0.4%	$32.15	0.0%	COMMON STOCK	354613101
FOSL	FOSSIL GROUP INC	22,000	$2,565	0.4%	$116.53	0.0%	COMMON STOCK	34988V106

Increased Positions (28)

MMM 3M CO 1.1%

Value ($000) $7,157 (+105.3%) Shares 52,759 (+112.2%) Est. Cost $69.19 Unrealized +10.2%

UNH UNITEDHEALTH GROUP INC 0.7%

Value ($000) $4,100 (+119.8%) Shares 50,000 (+101.9%) Est. Cost $56.49 Unrealized +10.0%

C CITIGROUP INC 0.9%

Value ($000) $5,893 (+59.3%) Shares 123,800 (+74.4%) Est. Cost $36.70 Unrealized +1.0%

— KRAFT FOODS GROUP INC 0.5%

Value ($000) $3,066 (+160.3%) Shares 54,650 (+150.1%) Est. Cost $56.01 Unrealized —

SPG SIMON PROPERTY GROUP INC 2.1%

Value ($000) $12,941 (+13.5%) Shares 78,908 (+5.3%) Est. Cost $87.97 Unrealized -4.0%

— BIOMED REALTY TRUST INC 0.5%

Value ($000) $2,940 (+84.3%) Shares 143,500 (+63.1%) Est. Cost $20.33 Unrealized —

— HCP INC 1.0%

Value ($000) $6,385 (+26.1%) Shares 164,593 (+18.1%) Est. Cost $41.99 Unrealized —

— PRAXAIR INC 0.4%

Value ($000) $2,502 (+88.4%) Shares 19,100 (+87.0%) Est. Cost $122.51 Unrealized —

QCOM QUALCOMM INC 1.4%

Value ($000) $8,832 (+15.3%) Shares 112,000 (+8.5%) Est. Cost $45.76 Unrealized +18.1%

— MEDTRONIC INC 0.8%

Value ($000) $5,022 (+29.3%) Shares 81,600 (+20.6%) Est. Cost $53.19 Unrealized —

PRU PRUDENTIAL FINANCIAL INC 0.5%

Value ($000) $3,352 (+42.6%) Shares 39,600 (+55.4%) Est. Cost $43.51 Unrealized +20.1%

— HOSPITALITY PROPERTIES TRUST 0.5%

Value ($000) $2,884 (+45.3%) Shares 100,434 (+36.8%) Est. Cost $27.05 Unrealized —

EPR EPR PROPERTIES 0.4%

Value ($000) $2,659 (+46.2%) Shares 49,800 (+34.6%) Est. Cost $51.07 Unrealized —

SUI SUN COMMUNITIES INC 0.3%

Value ($000) $1,716 (+90.2%) Shares 38,053 (+79.9%) Est. Cost $47.70 Unrealized —

SKT TANGER FACTORY OUTLET CENTER 0.4%

Value ($000) $2,783 (+40.4%) Shares 79,500 (+28.4%) Est. Cost $33.65 Unrealized —

MAA MID-AMERICA APARTMENT COMM 0.5%

Value ($000) $3,277 (+31.6%) Shares 48,000 (+17.1%) Est. Cost $43.23 Unrealized -0.4%

AVB AVALONBAY COMMUNITIES INC 0.6%

Value ($000) $3,877 (+25.1%) Shares 29,520 (+12.6%) Est. Cost $85.93 Unrealized -1.3%

CPT CAMDEN PROPERTY TRUST 0.5%

Value ($000) $3,250 (+31.4%) Shares 48,269 (+11.0%) Est. Cost $41.27 Unrealized -2.8%

BAX BAXTER INTERNATIONAL INC 0.4%

Value ($000) $2,649 (+39.8%) Shares 36,000 (+32.1%) Est. Cost $30.40 Unrealized -0.2%

FMC FMC CORP 0.6%

Value ($000) $3,832 (+23.9%) Shares 50,050 (+22.1%) Est. Cost $45.54 Unrealized +11.0%

— DUKE REALTY CORP 0.3%

Value ($000) $1,874 (+46.5%) Shares 111,024 (+30.6%) Est. Cost $15.90 Unrealized —

— LIBERTY PROPERTY TRUST 0.3%

Value ($000) $2,184 (+36.9%) Shares 59,096 (+25.5%) Est. Cost $36.96 Unrealized —

— SELECT INCOME REIT 0.4%

Value ($000) $2,733 (+25.7%) Shares 90,300 (+11.1%) Est. Cost $27.89 Unrealized —

RLJ RLJ LODGING TRUST 0.4%

Value ($000) $2,626 (+26.7%) Shares 98,200 (+15.3%) Est. Cost $23.24 Unrealized —

VTR VENTAS INC 0.8%

Value ($000) $4,893 (+12.7%) Shares 80,782 (+6.6%) Est. Cost $47.03 Unrealized -12.4%

— SENIOR HOUSING PROP TRUST 0.3%

Value ($000) $2,049 (+29.4%) Shares 91,200 (+28.1%) Est. Cost $25.17 Unrealized —

— INLAND REAL ESTATE CORP 0.4%

Value ($000) $2,242 (+14.3%) Shares 212,500 (+13.9%) Est. Cost $10.26 Unrealized —

CTSH COGNIZANT TECH SOLUTIONS-A 0.3%

Value ($000) $1,751 (-8.8%) Shares 34,600 (+82.1%) Est. Cost $38.04 Unrealized +16.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MMM	3M CO	52,759 (+112.2%)	$7,157 (+105.3%)	1.1%	$69.19	+10.2%	COMMON STOCK	88579Y101
UNH	UNITEDHEALTH GROUP INC	50,000 (+101.9%)	$4,100 (+119.8%)	0.7%	$56.49	+10.0%	COMMON STOCK	91324P102
C	CITIGROUP INC	123,800 (+74.4%)	$5,893 (+59.3%)	0.9%	$36.70	+1.0%	COMMON STOCK	172967424
—	KRAFT FOODS GROUP INC	54,650 (+150.1%)	$3,066 (+160.3%)	0.5%	$56.01	—	COMMON STOCK	50076Q106
SPG	SIMON PROPERTY GROUP INC	78,908 (+5.3%)	$12,941 (+13.5%)	2.1%	$87.97	-4.0%	COMMON STOCK	828806109
—	BIOMED REALTY TRUST INC	143,500 (+63.1%)	$2,940 (+84.3%)	0.5%	$20.33	—	COMMON STOCK	09063H107
—	HCP INC	164,593 (+18.1%)	$6,385 (+26.1%)	1.0%	$41.99	—	COMMON STOCK	40414L109
—	PRAXAIR INC	19,100 (+87.0%)	$2,502 (+88.4%)	0.4%	$122.51	—	COMMON STOCK	74005P104
QCOM	QUALCOMM INC	112,000 (+8.5%)	$8,832 (+15.3%)	1.4%	$45.76	+18.1%	COMMON STOCK	747525103
—	MEDTRONIC INC	81,600 (+20.6%)	$5,022 (+29.3%)	0.8%	$53.19	—	COMMON STOCK	585055106
PRU	PRUDENTIAL FINANCIAL INC	39,600 (+55.4%)	$3,352 (+42.6%)	0.5%	$43.51	+20.1%	COMMON STOCK	744320102
—	HOSPITALITY PROPERTIES TRUST	100,434 (+36.8%)	$2,884 (+45.3%)	0.5%	$27.05	—	COMMON STOCK	44106M102
EPR	EPR PROPERTIES	49,800 (+34.6%)	$2,659 (+46.2%)	0.4%	$51.07	—	COMMON STOCK	26884U109
SUI	SUN COMMUNITIES INC	38,053 (+79.9%)	$1,716 (+90.2%)	0.3%	$47.70	—	COMMON STOCK	866674104
SKT	TANGER FACTORY OUTLET CENTER	79,500 (+28.4%)	$2,783 (+40.4%)	0.4%	$33.65	—	COMMON STOCK	875465106
MAA	MID-AMERICA APARTMENT COMM	48,000 (+17.1%)	$3,277 (+31.6%)	0.5%	$43.23	-0.4%	COMMON STOCK	59522J103
AVB	AVALONBAY COMMUNITIES INC	29,520 (+12.6%)	$3,877 (+25.1%)	0.6%	$85.93	-1.3%	COMMON STOCK	053484101
CPT	CAMDEN PROPERTY TRUST	48,269 (+11.0%)	$3,250 (+31.4%)	0.5%	$41.27	-2.8%	COMMON STOCK	133131102
BAX	BAXTER INTERNATIONAL INC	36,000 (+32.1%)	$2,649 (+39.8%)	0.4%	$30.40	-0.2%	COMMON STOCK	071813109
FMC	FMC CORP	50,050 (+22.1%)	$3,832 (+23.9%)	0.6%	$45.54	+11.0%	COMMON STOCK	302491303
—	DUKE REALTY CORP	111,024 (+30.6%)	$1,874 (+46.5%)	0.3%	$15.90	—	COMMON STOCK	264411505
—	LIBERTY PROPERTY TRUST	59,096 (+25.5%)	$2,184 (+36.9%)	0.3%	$36.96	—	COMMON STOCK	531172104
—	SELECT INCOME REIT	90,300 (+11.1%)	$2,733 (+25.7%)	0.4%	$27.89	—	COMMON STOCK	81618T100
RLJ	RLJ LODGING TRUST	98,200 (+15.3%)	$2,626 (+26.7%)	0.4%	$23.24	—	COMMON STOCK	74965L101
VTR	VENTAS INC	80,782 (+6.6%)	$4,893 (+12.7%)	0.8%	$47.03	-12.4%	COMMON STOCK	92276F100
—	SENIOR HOUSING PROP TRUST	91,200 (+28.1%)	$2,049 (+29.4%)	0.3%	$25.17	—	COMMON STOCK	81721M109
—	INLAND REAL ESTATE CORP	212,500 (+13.9%)	$2,242 (+14.3%)	0.4%	$10.26	—	COMMON STOCK	457461200
CTSH	COGNIZANT TECH SOLUTIONS-A	34,600 (+82.1%)	$1,751 (-8.8%)	0.3%	$38.04	+16.5%	COMMON STOCK	192446102

Exited Positions (27)

CPB CAMPBELL SOUP CO 0.6%

Value ($000) $3,924 Shares 90,662 Est. Cost $30.86 Unrealized -3.7%

WY WEYERHAEUSER CO 0.6%

Value ($000) $3,643 Shares 115,409 Est. Cost $18.73 Unrealized +1.6%

MDLZ MONDELEZ INTERNATIONAL INC-A 0.4%

Value ($000) $2,314 Shares 65,551 Est. Cost $23.16 Unrealized +13.8%

— WELLPOINT INC 0.4%

Value ($000) $2,313 Shares 25,038 Est. Cost $81.84 Unrealized —

— APACHE CORP 0.3%

Value ($000) $2,131 Shares 24,801 Est. Cost $83.83 Unrealized —

PSX PHILLIPS 66 0.3%

Value ($000) $2,047 Shares 26,545 Est. Cost $40.44 Unrealized +23.2%

D DOMINION RESOURCES INC/VA 0.3%

Value ($000) $1,671 Shares 25,827 Est. Cost $34.53 Unrealized +20.0%

CCL CARNIVAL CORP 0.3%

Value ($000) $1,632 Shares 40,634 Est. Cost $27.66 Unrealized +19.6%

WU WESTERN UNION CO 0.2%

Value ($000) $1,529 Shares 88,615 Est. Cost $17.11 Unrealized —

— FOREST LABORATORIES INC 0.2%

Value ($000) $1,514 Shares 25,214 Est. Cost $41.01 Unrealized —

STT STATE STREET CORP 0.2%

Value ($000) $1,468 Shares 20,000 Est. Cost $49.26 Unrealized +1.8%

CLX CLOROX COMPANY 0.2%

Value ($000) $1,424 Shares 15,349 Est. Cost $60.00 Unrealized +4.5%

BSX BOSTON SCIENTIFIC CORP 0.2%

Value ($000) $1,276 Shares 106,179 Est. Cost $8.48 Unrealized +54.7%

EXC EXELON CORP 0.2%

Value ($000) $965 Shares 35,238 Est. Cost $15.41 Unrealized -10.4%

— WYNDHAM WORLDWIDE CORP 0.1%

Value ($000) $923 Shares 12,529 Est. Cost $57.23 Unrealized —

— GULFMARK OFFSHORE INC-CL A 0.1%

Value ($000) $820 Shares 17,393 Est. Cost $45.09 Unrealized —

CAH CARDINAL HEALTH INC 0.1%

Value ($000) $810 Shares 12,128 Est. Cost $32.61 Unrealized +54.8%

FE FIRSTENERGY CORP 0.1%

Value ($000) $716 Shares 21,711 Est. Cost $24.57 Unrealized -21.7%

— AVON PRODUCTS INC 0.1%

Value ($000) $661 Shares 38,404 Est. Cost $21.04 Unrealized —

DUK DUKE ENERGY CORP 0.1%

Value ($000) $651 Shares 9,427 Est. Cost $41.83 Unrealized +2.0%

— SPECTRA ENERGY CORP 0.1%

Value ($000) $544 Shares 15,276 Est. Cost $34.43 Unrealized —

— TAUBMAN CENTERS INC 0.1%

Value ($000) $530 Shares 8,296 Est. Cost $75.10 Unrealized —

— CBL and ASSOCIATES PROPERTIES 0.1%

Value ($000) $473 Shares 26,362 Est. Cost $21.43 Unrealized —

DRH DIAMONDROCK HOSPITALITY CO 0.1%

Value ($000) $464 Shares 40,155 Est. Cost $9.32 Unrealized —

OHI OMEGA HEALTHCARE INVESTORS 0.1%

Value ($000) $450 Shares 15,100 Est. Cost $31.02 Unrealized —

ADC AGREE REALTY CORP 0.1%

Value ($000) $384 Shares 13,220 Est. Cost $29.50 Unrealized —

— FAIRPOINT COMMUNICATIONS INC 0.0%

Value ($000) $0 Shares 2,870 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CPB	CAMPBELL SOUP CO	90,662	$3,924	0.6%	$30.86	-3.7%	—	134429109
WY	WEYERHAEUSER CO	115,409	$3,643	0.6%	$18.73	+1.6%	—	962166104
MDLZ	MONDELEZ INTERNATIONAL INC-A	65,551	$2,314	0.4%	$23.16	+13.8%	—	609207105
—	WELLPOINT INC	25,038	$2,313	0.4%	$81.84	—	—	94973V107
—	APACHE CORP	24,801	$2,131	0.3%	$83.83	—	—	037411105
PSX	PHILLIPS 66	26,545	$2,047	0.3%	$40.44	+23.2%	—	718546104
D	DOMINION RESOURCES INC/VA	25,827	$1,671	0.3%	$34.53	+20.0%	—	25746U109
CCL	CARNIVAL CORP	40,634	$1,632	0.3%	$27.66	+19.6%	—	143658300
WU	WESTERN UNION CO	88,615	$1,529	0.2%	$17.11	—	—	959802109
—	FOREST LABORATORIES INC	25,214	$1,514	0.2%	$41.01	—	—	345838106
STT	STATE STREET CORP	20,000	$1,468	0.2%	$49.26	+1.8%	—	857477103
CLX	CLOROX COMPANY	15,349	$1,424	0.2%	$60.00	+4.5%	—	189054109
BSX	BOSTON SCIENTIFIC CORP	106,179	$1,276	0.2%	$8.48	+54.7%	—	101137107
EXC	EXELON CORP	35,238	$965	0.2%	$15.41	-10.4%	—	30161N101
—	WYNDHAM WORLDWIDE CORP	12,529	$923	0.1%	$57.23	—	—	98310W108
—	GULFMARK OFFSHORE INC-CL A	17,393	$820	0.1%	$45.09	—	—	402629208
CAH	CARDINAL HEALTH INC	12,128	$810	0.1%	$32.61	+54.8%	—	14149Y108
FE	FIRSTENERGY CORP	21,711	$716	0.1%	$24.57	-21.7%	—	337932107
—	AVON PRODUCTS INC	38,404	$661	0.1%	$21.04	—	—	054303102
DUK	DUKE ENERGY CORP	9,427	$651	0.1%	$41.83	+2.0%	—	26441C204
—	SPECTRA ENERGY CORP	15,276	$544	0.1%	$34.43	—	—	847560109
—	TAUBMAN CENTERS INC	8,296	$530	0.1%	$75.10	—	—	876664103
—	CBL and ASSOCIATES PROPERTIES	26,362	$473	0.1%	$21.43	—	—	124830100
DRH	DIAMONDROCK HOSPITALITY CO	40,155	$464	0.1%	$9.32	—	—	252784301
OHI	OMEGA HEALTHCARE INVESTORS	15,100	$450	0.1%	$31.02	—	—	681936100
ADC	AGREE REALTY CORP	13,220	$384	0.1%	$29.50	—	—	008492100
—	FAIRPOINT COMMUNICATIONS INC	2,870	$0	0.0%	—	—	—	305560104

Decreased Positions (101)

EL ESTEE LAUDER COMPANIES-CL A 0.5%

Value ($000) $2,876 (-47.8%) Shares 43,000 (-41.2%) Est. Cost $58.22 Unrealized +2.7%

BMY BRISTOL-MYERS SQUIBB CO 0.8%

Value ($000) $5,247 (-29.0%) Shares 101,000 (-27.3%) Est. Cost $28.67 Unrealized +25.3%

— GENERAL ELECTRIC CO 1.8%

Value ($000) $11,029 (-15.9%) Shares 426,000 (-9.0%) Est. Cost $23.28 Unrealized —

NUS NU SKIN ENTERPRISES INC - A 0.4%

Value ($000) $2,361 (-45.8%) Shares 28,500 (-9.5%) Est. Cost $57.45 Unrealized +4.3%

— DELPHI AUTOMOTIVE PLC 1.7%

Value ($000) $10,912 (+22.1%) Shares 113,850 (-24.2%) Est. Cost $36.02 Unrealized —

XOM EXXON MOBIL CORP 1.8%

Value ($000) $11,233 (-11.2%) Shares 115,000 (-8.0%) Est. Cost $53.80 Unrealized +8.0%

— GOOGLE INC-CL A 1.9%

Value ($000) $11,714 (-9.8%) Shares 10,510 (-9.3%) Est. Cost $880.35 Unrealized —

PM PHILIP MORRIS INTERNATIONAL 1.1%

Value ($000) $7,041 (-14.9%) Shares 86,000 (-9.4%) Est. Cost $49.85 Unrealized -10.2%

AAPL APPLE INC 1.3%

Value ($000) $8,051 (-12.7%) Shares 15,000 (-8.7%) Est. Cost $13.72 Unrealized +20.8%

KO COCA-COLA CO/THE 1.0%

Value ($000) $6,070 (-14.8%) Shares 157,000 (-8.9%) Est. Cost $27.85 Unrealized -4.7%

HD HOME DEPOT INC 1.1%

Value ($000) $6,845 (-12.5%) Shares 86,500 (-8.9%) Est. Cost $57.87 Unrealized +4.1%

— TIME WARNER INC 0.8%

Value ($000) $5,148 (-14.7%) Shares 78,800 (-9.0%) Est. Cost $57.82 Unrealized —

SBUX STARBUCKS CORP 0.7%

Value ($000) $4,667 (-14.9%) Shares 63,600 (-9.0%) Est. Cost $24.37 Unrealized +20.2%

— PRECISION CASTPARTS CORP 0.7%

Value ($000) $4,575 (-14.6%) Shares 18,100 (-9.0%) Est. Cost $227.24 Unrealized —

PG PROCTER and GAMBLE CO/THE 1.2%

Value ($000) $7,496 (-9.2%) Shares 93,000 (-8.3%) Est. Cost $55.00 Unrealized +2.7%

PEP PEPSICO INC 1.2%

Value ($000) $7,682 (-8.5%) Shares 92,000 (-9.2%) Est. Cost $56.00 Unrealized +1.5%

IBM INTL BUSINESS MACHINES CORP 1.5%

Value ($000) $9,451 (-6.6%) Shares 49,100 (-9.0%) Est. Cost $116.68 Unrealized -6.4%

WFC WELLS FARGO and CO 1.8%

Value ($000) $11,142 (+6.0%) Shares 224,000 (-3.2%) Est. Cost $27.36 Unrealized +22.1%

CMCSA COMCAST CORP-CLASS A 0.8%

Value ($000) $5,121 (-11.0%) Shares 105,000 (-8.9%) Est. Cost $15.62 Unrealized +27.8%

MCD MCDONALD'S CORP 1.0%

Value ($000) $6,313 (-8.1%) Shares 64,400 (-9.0%) Est. Cost $71.80 Unrealized -2.1%

TRV TRAVELERS COS INC/THE 0.5%

Value ($000) $3,234 (-14.2%) Shares 38,000 (-8.7%) Est. Cost $63.44 Unrealized +1.9%

UPS UNITED PARCEL SERVICE-CL B 0.5%

Value ($000) $2,853 (-15.8%) Shares 29,300 (-9.1%) Est. Cost $55.38 Unrealized +15.9%

— COACH INC 0.3%

Value ($000) $2,165 (-19.6%) Shares 43,600 (-9.2%) Est. Cost $54.52 Unrealized —

BIIB BIOGEN IDEC INC 1.5%

Value ($000) $9,604 (-5.2%) Shares 31,400 (-13.4%) Est. Cost $213.68 Unrealized +48.6%

— MONSANTO CO 0.6%

Value ($000) $3,641 (-12.6%) Shares 32,000 (-10.5%) Est. Cost $98.81 Unrealized —

MET METLIFE INC 0.7%

Value ($000) $4,250 (-10.9%) Shares 80,500 (-9.0%) Est. Cost $28.08 Unrealized +10.7%

INTC INTEL CORP 0.8%

Value ($000) $4,835 (-9.5%) Shares 187,300 (-9.0%) Est. Cost $17.18 Unrealized +8.7%

JPM JPMORGAN CHASE and CO 1.3%

Value ($000) $8,074 (-5.8%) Shares 133,000 (-9.2%) Est. Cost $36.24 Unrealized +16.1%

COST COSTCO WHOLESALE CORP 0.5%

Value ($000) $2,904 (-14.4%) Shares 26,000 (-8.8%) Est. Cost $91.64 Unrealized -0.4%

CL COLGATE-PALMOLIVE CO 0.7%

Value ($000) $4,541 (-9.6%) Shares 70,000 (-9.1%) Est. Cost $44.47 Unrealized +7.7%

PFE PFIZER INC 1.6%

Value ($000) $9,976 (-4.6%) Shares 310,600 (-9.0%) Est. Cost $16.46 Unrealized +10.6%

— UNITED TECHNOLOGIES CORP 1.1%

Value ($000) $6,777 (-6.5%) Shares 58,000 (-9.0%) Est. Cost $92.95 Unrealized —

— MCGRAW HILL FINANCIAL INC 0.6%

Value ($000) $3,586 (-11.4%) Shares 47,000 (-9.2%) Est. Cost $53.20 Unrealized —

ABBV ABBVIE INC 0.5%

Value ($000) $3,392 (-11.5%) Shares 66,000 (-9.0%) Est. Cost $26.55 Unrealized +18.6%

PWR QUANTA SERVICES INC 1.2%

Value ($000) $7,306 (+6.2%) Shares 198,000 (-9.1%) Est. Cost $27.23 Unrealized +20.2%

ROST ROSS STORES INC 0.5%

Value ($000) $2,834 (-13.0%) Shares 39,600 (-9.0%) Est. Cost $30.20 Unrealized +4.5%

MO ALTRIA GROUP INC 0.5%

Value ($000) $3,219 (-11.6%) Shares 86,000 (-9.3%) Est. Cost $16.28 Unrealized +5.2%

DLTR DOLLAR TREE INC 0.4%

Value ($000) $2,233 (-15.8%) Shares 42,800 (-8.9%) Est. Cost $48.73 Unrealized +9.2%

AFL AFLAC INC 0.4%

Value ($000) $2,528 (-14.0%) Shares 40,100 (-8.9%) Est. Cost $22.45 Unrealized +6.8%

EBAY EBAY INC 0.7%

Value ($000) $4,248 (-8.3%) Shares 76,900 (-8.9%) Est. Cost $19.98 Unrealized +3.5%

COP CONOCOPHILLIPS 0.5%

Value ($000) $3,377 (-10.0%) Shares 48,000 (-9.6%) Est. Cost $39.96 Unrealized +13.7%

WM WASTE MANAGEMENT INC 0.3%

Value ($000) $2,167 (-14.7%) Shares 51,500 (-9.1%) Est. Cost $30.75 Unrealized +6.5%

ADM ARCHER-DANIELS-MIDLAND CO 0.6%

Value ($000) $3,714 (-9.1%) Shares 85,600 (-9.0%) Est. Cost $23.37 Unrealized +25.5%

TGT TARGET CORP 0.4%

Value ($000) $2,511 (-12.9%) Shares 41,500 (-8.9%) Est. Cost $47.95 Unrealized -13.2%

DE DEERE and CO 0.5%

Value ($000) $3,087 (-9.6%) Shares 34,000 (-9.1%) Est. Cost $68.04 Unrealized +3.0%

MAC MACERICH CO/THE 0.3%

Value ($000) $1,995 (-13.1%) Shares 32,007 (-17.9%) Est. Cost $60.58 Unrealized —

VFC VF CORP 0.4%

Value ($000) $2,704 (-9.6%) Shares 43,700 (-9.0%) Est. Cost $50.62 Unrealized +11.3%

MRK MERCK and CO. INC. 1.5%

Value ($000) $9,208 (+3.2%) Shares 162,200 (-9.0%) Est. Cost $30.02 Unrealized +19.1%

CSCO CISCO SYSTEMS INC 0.5%

Value ($000) $2,869 (-8.8%) Shares 128,000 (-8.7%) Est. Cost $15.24 Unrealized +0.4%

— HESS CORP 0.4%

Value ($000) $2,776 (-9.1%) Shares 33,500 (-8.9%) Est. Cost $66.49 Unrealized —

A AGILENT TECHNOLOGIES INC 0.3%

Value ($000) $2,075 (-11.3%) Shares 37,100 (-9.3%) Est. Cost $27.97 Unrealized +33.5%

CE CELANESE CORP-SERIES A 0.4%

Value ($000) $2,637 (-8.8%) Shares 47,500 (-9.1%) Est. Cost $37.17 Unrealized +14.4%

ORCL ORACLE CORP 1.4%

Value ($000) $8,673 (-2.7%) Shares 212,000 (-9.0%) Est. Cost $27.58 Unrealized +15.9%

BK BANK OF NEW YORK MELLON CORP 0.4%

Value ($000) $2,774 (-8.0%) Shares 78,600 (-8.9%) Est. Cost $21.22 Unrealized +16.7%

ABT ABBOTT LABORATORIES 0.4%

Value ($000) $2,542 (-8.6%) Shares 66,000 (-9.0%) Est. Cost $28.85 Unrealized +6.5%

EMR EMERSON ELECTRIC CO 0.2%

Value ($000) $1,543 (-13.4%) Shares 23,100 (-9.0%) Est. Cost $40.02 Unrealized +19.4%

— TIME WARNER CABLE 0.4%

Value ($000) $2,702 (-8.1%) Shares 19,700 (-9.2%) Est. Cost $112.47 Unrealized —

AMP AMERIPRISE FINANCIAL INC 0.3%

Value ($000) $1,618 (-12.7%) Shares 14,700 (-8.8%) Est. Cost $59.57 Unrealized +43.1%

— DIAMOND OFFSHORE DRILLING 0.1%

Value ($000) $805 (-22.0%) Shares 16,500 (-9.0%) Est. Cost $68.81 Unrealized —

— PRICELINE.COM INC 0.5%

Value ($000) $3,266 (-6.3%) Shares 2,740 (-8.7%) Est. Cost $1011.00 Unrealized —

— VIACOM INC-CLASS B 0.3%

Value ($000) $1,657 (-11.7%) Shares 19,500 (-9.2%) Est. Cost $68.02 Unrealized —

DIS WALT DISNEY CO/THE 0.7%

Value ($000) $4,420 (-4.6%) Shares 55,200 (-9.0%) Est. Cost $56.11 Unrealized +24.2%

CVS CVS CAREMARK CORP 0.7%

Value ($000) $4,192 (-4.8%) Shares 56,000 (-8.9%) Est. Cost $41.57 Unrealized +23.0%

HAL HALLIBURTON CO 0.6%

Value ($000) $3,922 (+5.6%) Shares 66,600 (-9.0%) Est. Cost $33.21 Unrealized +28.8%

ZBH ZIMMER HOLDINGS INC 0.4%

Value ($000) $2,497 (-7.6%) Shares 26,400 (-9.0%) Est. Cost $67.30 Unrealized +24.2%

— AIRGAS INC 0.2%

Value ($000) $1,363 (-13.0%) Shares 12,800 (-8.6%) Est. Cost $101.54 Unrealized —

GIS GENERAL MILLS INC 0.6%

Value ($000) $3,627 (-5.3%) Shares 70,000 (-8.7%) Est. Cost $31.98 Unrealized +3.1%

LLY ELI LILLY and CO 0.7%

Value ($000) $4,197 (+5.0%) Shares 71,300 (-9.0%) Est. Cost $42.21 Unrealized +5.5%

— NOBLE ENERGY INC 0.5%

Value ($000) $2,913 (-6.0%) Shares 41,000 (-9.9%) Est. Cost $60.04 Unrealized —

JNJ JOHNSON and JOHNSON 1.6%

Value ($000) $10,216 (-1.8%) Shares 104,000 (-8.4%) Est. Cost $59.66 Unrealized +11.7%

HOG HARLEY-DAVIDSON INC 0.2%

Value ($000) $1,239 (-12.3%) Shares 18,600 (-8.9%) Est. Cost $54.04 Unrealized +22.4%

— KELLOGG CO 0.4%

Value ($000) $2,728 (-6.0%) Shares 43,500 (-8.4%) Est. Cost $38.82 Unrealized -3.3%

KMB KIMBERLY-CLARK CORP 0.6%

Value ($000) $3,859 (-3.7%) Shares 35,000 (-8.7%) Est. Cost $63.06 Unrealized +10.0%

IP INTERNATIONAL PAPER CO 0.1%

Value ($000) $780 (-15.5%) Shares 17,000 (-9.7%) Est. Cost $25.91 Unrealized +5.1%

ECL ECOLAB INC 0.4%

Value ($000) $2,268 (-5.4%) Shares 21,000 (-8.7%) Est. Cost $76.84 Unrealized +19.6%

SLB SCHLUMBERGER LTD 1.1%

Value ($000) $6,630 (-1.9%) Shares 68,000 (-9.3%) Est. Cost $55.91 Unrealized +17.1%

AMGN AMGEN INC 1.2%

Value ($000) $7,400 (-1.6%) Shares 60,000 (-9.0%) Est. Cost $73.34 Unrealized +18.5%

— DU PONT (E.I.) DE NEMOURS 0.3%

Value ($000) $1,832 (-6.2%) Shares 27,300 (-9.2%) Est. Cost $52.51 Unrealized —

NSC NORFOLK SOUTHERN CORP 0.4%

Value ($000) $2,624 (-4.2%) Shares 27,000 (-8.5%) Est. Cost $57.67 Unrealized +23.8%

EMN EASTMAN CHEMICAL CO 0.7%

Value ($000) $4,569 (-2.4%) Shares 53,000 (-8.6%) Est. Cost $48.74 Unrealized +16.9%

AMAT APPLIED MATERIALS INC 0.4%

Value ($000) $2,199 (+5.1%) Shares 107,700 (-9.0%) Est. Cost $12.22 Unrealized +29.0%

— MEADWESTVACO CORP 0.2%

Value ($000) $1,430 (-6.9%) Shares 38,000 (-8.7%) Est. Cost $34.11 Unrealized —

— JOY GLOBAL INC 0.1%

Value ($000) $905 (-9.8%) Shares 15,600 (-9.0%) Est. Cost $48.53 Unrealized —

USB US BANCORP 0.4%

Value ($000) $2,473 (-3.5%) Shares 57,700 (-9.1%) Est. Cost $22.41 Unrealized +22.0%

SO SOUTHERN CO/THE 0.5%

Value ($000) $3,339 (-2.5%) Shares 76,000 (-8.8%) Est. Cost $26.74 Unrealized -5.5%

UNP UNION PACIFIC CORP 0.7%

Value ($000) $4,448 (+1.8%) Shares 23,700 (-8.8%) Est. Cost $60.12 Unrealized +13.5%

— ST JUDE MEDICAL INC 0.3%

Value ($000) $1,949 (-3.8%) Shares 29,800 (-8.8%) Est. Cost $45.64 Unrealized —

CF CF Industries Holdings INC 0.5%

Value ($000) $3,336 (+2.2%) Shares 12,800 (-8.6%) Est. Cost $27.49 Unrealized +28.1%

— CONSOL ENERGY INC 0.2%

Value ($000) $1,546 (-4.4%) Shares 38,700 (-9.0%) Est. Cost $27.10 Unrealized —

NEM NEWMONT MINING CORP 0.1%

Value ($000) $851 (-7.4%) Shares 36,300 (-9.0%) Est. Cost $25.34 Unrealized -27.3%

MOS MOSAIC CO/THE 0.2%

Value ($000) $1,250 (-3.5%) Shares 25,000 (-8.8%) Est. Cost $46.26 Unrealized -18.9%

PNC PNC FINANCIAL SERVICES GROUP 0.3%

Value ($000) $1,897 (+1.9%) Shares 21,800 (-9.2%) Est. Cost $51.33 Unrealized +10.6%

MSFT MICROSOFT CORP 1.1%

Value ($000) $6,886 (-0.5%) Shares 168,000 (-9.2%) Est. Cost $26.70 Unrealized +17.1%

— DR PEPPER SNAPPLE GROUP INC 0.3%

Value ($000) $1,743 (+1.9%) Shares 32,000 (-8.8%) Est. Cost $45.92 Unrealized —

DVN DEVON ENERGY CORPORATION 0.3%

Value ($000) $1,774 (-1.3%) Shares 26,500 (-8.8%) Est. Cost $37.00 Unrealized +12.7%

KR KROGER CO 0.7%

Value ($000) $4,278 (+0.5%) Shares 98,000 (-9.0%) Est. Cost $13.44 Unrealized +18.3%

CAT CATERPILLAR INC 0.6%

Value ($000) $3,776 (-0.5%) Shares 38,000 (-9.1%) Est. Cost $61.59 Unrealized +13.2%

BAC BANK OF AMERICA CORP 0.4%

Value ($000) $2,504 (+0.5%) Shares 145,600 (-9.0%) Est. Cost $10.03 Unrealized +32.2%

— EMC CORP/MA 0.2%

Value ($000) $1,527 (-0.8%) Shares 55,700 (-9.0%) Est. Cost $23.61 Unrealized —

MCK MCKESSON CORP 0.4%

Value ($000) $2,578 (-0.3%) Shares 14,600 (-8.8%) Est. Cost $101.46 Unrealized +57.8%

NEE NEXTERA ENERGY INC 0.7%

Value ($000) $4,590 (+0.0%) Shares 48,000 (-10.4%) Est. Cost $14.15 Unrealized +17.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EL	ESTEE LAUDER COMPANIES-CL A	43,000 (-41.2%)	$2,876 (-47.8%)	0.5%	$58.22	+2.7%	COMMON STOCK	518439104
BMY	BRISTOL-MYERS SQUIBB CO	101,000 (-27.3%)	$5,247 (-29.0%)	0.8%	$28.67	+25.3%	COMMON STOCK	110122108
—	GENERAL ELECTRIC CO	426,000 (-9.0%)	$11,029 (-15.9%)	1.8%	$23.28	—	COMMON STOCK	369604103
NUS	NU SKIN ENTERPRISES INC - A	28,500 (-9.5%)	$2,361 (-45.8%)	0.4%	$57.45	+4.3%	COMMON STOCK	67018T105
—	DELPHI AUTOMOTIVE PLC	113,850 (-24.2%)	$10,912 (+22.1%)	1.7%	$36.02	—	COMMON STOCK	000000000
XOM	EXXON MOBIL CORP	115,000 (-8.0%)	$11,233 (-11.2%)	1.8%	$53.80	+8.0%	COMMON STOCK	30231G102
—	GOOGLE INC-CL A	10,510 (-9.3%)	$11,714 (-9.8%)	1.9%	$880.35	—	COMMON STOCK	38259P508
PM	PHILIP MORRIS INTERNATIONAL	86,000 (-9.4%)	$7,041 (-14.9%)	1.1%	$49.85	-10.2%	COMMON STOCK	718172109
AAPL	APPLE INC	15,000 (-8.7%)	$8,051 (-12.7%)	1.3%	$13.72	+20.8%	COMMON STOCK	037833100
KO	COCA-COLA CO/THE	157,000 (-8.9%)	$6,070 (-14.8%)	1.0%	$27.85	-4.7%	COMMON STOCK	191216100
HD	HOME DEPOT INC	86,500 (-8.9%)	$6,845 (-12.5%)	1.1%	$57.87	+4.1%	COMMON STOCK	437076102
—	TIME WARNER INC	78,800 (-9.0%)	$5,148 (-14.7%)	0.8%	$57.82	—	COMMON STOCK	887317303
SBUX	STARBUCKS CORP	63,600 (-9.0%)	$4,667 (-14.9%)	0.7%	$24.37	+20.2%	COMMON STOCK	855244109
—	PRECISION CASTPARTS CORP	18,100 (-9.0%)	$4,575 (-14.6%)	0.7%	$227.24	—	COMMON STOCK	740189105
PG	PROCTER and GAMBLE CO/THE	93,000 (-8.3%)	$7,496 (-9.2%)	1.2%	$55.00	+2.7%	COMMON STOCK	742718109
PEP	PEPSICO INC	92,000 (-9.2%)	$7,682 (-8.5%)	1.2%	$56.00	+1.5%	COMMON STOCK	713448108
IBM	INTL BUSINESS MACHINES CORP	49,100 (-9.0%)	$9,451 (-6.6%)	1.5%	$116.68	-6.4%	COMMON STOCK	459200101
WFC	WELLS FARGO and CO	224,000 (-3.2%)	$11,142 (+6.0%)	1.8%	$27.36	+22.1%	COMMON STOCK	949746101
CMCSA	COMCAST CORP-CLASS A	105,000 (-8.9%)	$5,121 (-11.0%)	0.8%	$15.62	+27.8%	COMMON STOCK	20030N101
MCD	MCDONALD'S CORP	64,400 (-9.0%)	$6,313 (-8.1%)	1.0%	$71.80	-2.1%	COMMON STOCK	580135101
TRV	TRAVELERS COS INC/THE	38,000 (-8.7%)	$3,234 (-14.2%)	0.5%	$63.44	+1.9%	COMMON STOCK	89417E109
UPS	UNITED PARCEL SERVICE-CL B	29,300 (-9.1%)	$2,853 (-15.8%)	0.5%	$55.38	+15.9%	COMMON STOCK	911312106
—	COACH INC	43,600 (-9.2%)	$2,165 (-19.6%)	0.3%	$54.52	—	COMMON STOCK	189754101
BIIB	BIOGEN IDEC INC	31,400 (-13.4%)	$9,604 (-5.2%)	1.5%	$213.68	+48.6%	COMMON STOCK	09062X103
—	MONSANTO CO	32,000 (-10.5%)	$3,641 (-12.6%)	0.6%	$98.81	—	COMMON STOCK	61166W101
MET	METLIFE INC	80,500 (-9.0%)	$4,250 (-10.9%)	0.7%	$28.08	+10.7%	COMMON STOCK	59156R108
INTC	INTEL CORP	187,300 (-9.0%)	$4,835 (-9.5%)	0.8%	$17.18	+8.7%	COMMON STOCK	458140100
JPM	JPMORGAN CHASE and CO	133,000 (-9.2%)	$8,074 (-5.8%)	1.3%	$36.24	+16.1%	COMMON STOCK	46625H100
COST	COSTCO WHOLESALE CORP	26,000 (-8.8%)	$2,904 (-14.4%)	0.5%	$91.64	-0.4%	COMMON STOCK	22160K105
CL	COLGATE-PALMOLIVE CO	70,000 (-9.1%)	$4,541 (-9.6%)	0.7%	$44.47	+7.7%	COMMON STOCK	194162103
PFE	PFIZER INC	310,600 (-9.0%)	$9,976 (-4.6%)	1.6%	$16.46	+10.6%	COMMON STOCK	717081103
—	UNITED TECHNOLOGIES CORP	58,000 (-9.0%)	$6,777 (-6.5%)	1.1%	$92.95	—	COMMON STOCK	913017109
—	MCGRAW HILL FINANCIAL INC	47,000 (-9.2%)	$3,586 (-11.4%)	0.6%	$53.20	—	COMMON STOCK	580645109
ABBV	ABBVIE INC	66,000 (-9.0%)	$3,392 (-11.5%)	0.5%	$26.55	+18.6%	COMMON STOCK	00287Y109
PWR	QUANTA SERVICES INC	198,000 (-9.1%)	$7,306 (+6.2%)	1.2%	$27.23	+20.2%	COMMON STOCK	74762E102
ROST	ROSS STORES INC	39,600 (-9.0%)	$2,834 (-13.0%)	0.5%	$30.20	+4.5%	COMMON STOCK	778296103
MO	ALTRIA GROUP INC	86,000 (-9.3%)	$3,219 (-11.6%)	0.5%	$16.28	+5.2%	COMMON STOCK	02209S103
DLTR	DOLLAR TREE INC	42,800 (-8.9%)	$2,233 (-15.8%)	0.4%	$48.73	+9.2%	COMMON STOCK	256746108
AFL	AFLAC INC	40,100 (-8.9%)	$2,528 (-14.0%)	0.4%	$22.45	+6.8%	COMMON STOCK	001055102
EBAY	EBAY INC	76,900 (-8.9%)	$4,248 (-8.3%)	0.7%	$19.98	+3.5%	COMMON STOCK	278642103
COP	CONOCOPHILLIPS	48,000 (-9.6%)	$3,377 (-10.0%)	0.5%	$39.96	+13.7%	COMMON STOCK	20825C104
WM	WASTE MANAGEMENT INC	51,500 (-9.1%)	$2,167 (-14.7%)	0.3%	$30.75	+6.5%	COMMON STOCK	94106L109
ADM	ARCHER-DANIELS-MIDLAND CO	85,600 (-9.0%)	$3,714 (-9.1%)	0.6%	$23.37	+25.5%	COMMON STOCK	039483102
TGT	TARGET CORP	41,500 (-8.9%)	$2,511 (-12.9%)	0.4%	$47.95	-13.2%	COMMON STOCK	87612E106
DE	DEERE and CO	34,000 (-9.1%)	$3,087 (-9.6%)	0.5%	$68.04	+3.0%	COMMON STOCK	244199105
MAC	MACERICH CO/THE	32,007 (-17.9%)	$1,995 (-13.1%)	0.3%	$60.58	—	COMMON STOCK	554382101
VFC	VF CORP	43,700 (-9.0%)	$2,704 (-9.6%)	0.4%	$50.62	+11.3%	COMMON STOCK	918204108
MRK	MERCK and CO. INC.	162,200 (-9.0%)	$9,208 (+3.2%)	1.5%	$30.02	+19.1%	COMMON STOCK	58933Y105
CSCO	CISCO SYSTEMS INC	128,000 (-8.7%)	$2,869 (-8.8%)	0.5%	$15.24	+0.4%	COMMON STOCK	17275R102
—	HESS CORP	33,500 (-8.9%)	$2,776 (-9.1%)	0.4%	$66.49	—	COMMON STOCK	42809H107
A	AGILENT TECHNOLOGIES INC	37,100 (-9.3%)	$2,075 (-11.3%)	0.3%	$27.97	+33.5%	COMMON STOCK	00846U101
CE	CELANESE CORP-SERIES A	47,500 (-9.1%)	$2,637 (-8.8%)	0.4%	$37.17	+14.4%	COMMON STOCK	150870103
ORCL	ORACLE CORP	212,000 (-9.0%)	$8,673 (-2.7%)	1.4%	$27.58	+15.9%	COMMON STOCK	68389X105
BK	BANK OF NEW YORK MELLON CORP	78,600 (-8.9%)	$2,774 (-8.0%)	0.4%	$21.22	+16.7%	COMMON STOCK	064058100
ABT	ABBOTT LABORATORIES	66,000 (-9.0%)	$2,542 (-8.6%)	0.4%	$28.85	+6.5%	COMMON STOCK	002824100
EMR	EMERSON ELECTRIC CO	23,100 (-9.0%)	$1,543 (-13.4%)	0.2%	$40.02	+19.4%	COMMON STOCK	291011104
—	TIME WARNER CABLE	19,700 (-9.2%)	$2,702 (-8.1%)	0.4%	$112.47	—	COMMON STOCK	88732J207
AMP	AMERIPRISE FINANCIAL INC	14,700 (-8.8%)	$1,618 (-12.7%)	0.3%	$59.57	+43.1%	COMMON STOCK	03076C106
—	DIAMOND OFFSHORE DRILLING	16,500 (-9.0%)	$805 (-22.0%)	0.1%	$68.81	—	COMMON STOCK	25271C102
—	PRICELINE.COM INC	2,740 (-8.7%)	$3,266 (-6.3%)	0.5%	$1011.00	—	COMMON STOCK	741503403
—	VIACOM INC-CLASS B	19,500 (-9.2%)	$1,657 (-11.7%)	0.3%	$68.02	—	COMMON STOCK	92553P201
DIS	WALT DISNEY CO/THE	55,200 (-9.0%)	$4,420 (-4.6%)	0.7%	$56.11	+24.2%	COMMON STOCK	254687106
CVS	CVS CAREMARK CORP	56,000 (-8.9%)	$4,192 (-4.8%)	0.7%	$41.57	+23.0%	COMMON STOCK	126650100
HAL	HALLIBURTON CO	66,600 (-9.0%)	$3,922 (+5.6%)	0.6%	$33.21	+28.8%	COMMON STOCK	406216101
ZBH	ZIMMER HOLDINGS INC	26,400 (-9.0%)	$2,497 (-7.6%)	0.4%	$67.30	+24.2%	COMMON STOCK	98956P102
—	AIRGAS INC	12,800 (-8.6%)	$1,363 (-13.0%)	0.2%	$101.54	—	COMMON STOCK	009363102
GIS	GENERAL MILLS INC	70,000 (-8.7%)	$3,627 (-5.3%)	0.6%	$31.98	+3.1%	COMMON STOCK	370334104
LLY	ELI LILLY and CO	71,300 (-9.0%)	$4,197 (+5.0%)	0.7%	$42.21	+5.5%	COMMON STOCK	532457108
—	NOBLE ENERGY INC	41,000 (-9.9%)	$2,913 (-6.0%)	0.5%	$60.04	—	COMMON STOCK	655044105
JNJ	JOHNSON and JOHNSON	104,000 (-8.4%)	$10,216 (-1.8%)	1.6%	$59.66	+11.7%	COMMON STOCK	478160104
HOG	HARLEY-DAVIDSON INC	18,600 (-8.9%)	$1,239 (-12.3%)	0.2%	$54.04	+22.4%	COMMON STOCK	412822108
—	KELLOGG CO	43,500 (-8.4%)	$2,728 (-6.0%)	0.4%	$38.82	-3.3%	COMMON STOCK	487836108
KMB	KIMBERLY-CLARK CORP	35,000 (-8.7%)	$3,859 (-3.7%)	0.6%	$63.06	+10.0%	COMMON STOCK	494368103
IP	INTERNATIONAL PAPER CO	17,000 (-9.7%)	$780 (-15.5%)	0.1%	$25.91	+5.1%	COMMON STOCK	460146103
ECL	ECOLAB INC	21,000 (-8.7%)	$2,268 (-5.4%)	0.4%	$76.84	+19.6%	COMMON STOCK	278865100
SLB	SCHLUMBERGER LTD	68,000 (-9.3%)	$6,630 (-1.9%)	1.1%	$55.91	+17.1%	COMMON STOCK	806857108
AMGN	AMGEN INC	60,000 (-9.0%)	$7,400 (-1.6%)	1.2%	$73.34	+18.5%	COMMON STOCK	031162100
—	DU PONT (E.I.) DE NEMOURS	27,300 (-9.2%)	$1,832 (-6.2%)	0.3%	$52.51	—	COMMON STOCK	263534109
NSC	NORFOLK SOUTHERN CORP	27,000 (-8.5%)	$2,624 (-4.2%)	0.4%	$57.67	+23.8%	COMMON STOCK	655844108
EMN	EASTMAN CHEMICAL CO	53,000 (-8.6%)	$4,569 (-2.4%)	0.7%	$48.74	+16.9%	COMMON STOCK	277432100
AMAT	APPLIED MATERIALS INC	107,700 (-9.0%)	$2,199 (+5.1%)	0.4%	$12.22	+29.0%	COMMON STOCK	038222105
—	MEADWESTVACO CORP	38,000 (-8.7%)	$1,430 (-6.9%)	0.2%	$34.11	—	COMMON STOCK	583334107
—	JOY GLOBAL INC	15,600 (-9.0%)	$905 (-9.8%)	0.1%	$48.53	—	COMMON STOCK	481165108
USB	US BANCORP	57,700 (-9.1%)	$2,473 (-3.5%)	0.4%	$22.41	+22.0%	COMMON STOCK	902973304
SO	SOUTHERN CO/THE	76,000 (-8.8%)	$3,339 (-2.5%)	0.5%	$26.74	-5.5%	COMMON STOCK	842587107
UNP	UNION PACIFIC CORP	23,700 (-8.8%)	$4,448 (+1.8%)	0.7%	$60.12	+13.5%	COMMON STOCK	907818108
—	ST JUDE MEDICAL INC	29,800 (-8.8%)	$1,949 (-3.8%)	0.3%	$45.64	—	COMMON STOCK	790849103
CF	CF Industries Holdings INC	12,800 (-8.6%)	$3,336 (+2.2%)	0.5%	$27.49	+28.1%	COMMON STOCK	125269100
—	CONSOL ENERGY INC	38,700 (-9.0%)	$1,546 (-4.4%)	0.2%	$27.10	—	COMMON STOCK	20854P109
NEM	NEWMONT MINING CORP	36,300 (-9.0%)	$851 (-7.4%)	0.1%	$25.34	-27.3%	COMMON STOCK	651639106
MOS	MOSAIC CO/THE	25,000 (-8.8%)	$1,250 (-3.5%)	0.2%	$46.26	-18.9%	COMMON STOCK	61945C103
PNC	PNC FINANCIAL SERVICES GROUP	21,800 (-9.2%)	$1,897 (+1.9%)	0.3%	$51.33	+10.6%	COMMON STOCK	693475105
MSFT	MICROSOFT CORP	168,000 (-9.2%)	$6,886 (-0.5%)	1.1%	$26.70	+17.1%	COMMON STOCK	594918104
—	DR PEPPER SNAPPLE GROUP INC	32,000 (-8.8%)	$1,743 (+1.9%)	0.3%	$45.92	—	COMMON STOCK	26138E109
DVN	DEVON ENERGY CORPORATION	26,500 (-8.8%)	$1,774 (-1.3%)	0.3%	$37.00	+12.7%	COMMON STOCK	25179M103
KR	KROGER CO	98,000 (-9.0%)	$4,278 (+0.5%)	0.7%	$13.44	+18.3%	COMMON STOCK	501044101
CAT	CATERPILLAR INC	38,000 (-9.1%)	$3,776 (-0.5%)	0.6%	$61.59	+13.2%	COMMON STOCK	149123101
BAC	BANK OF AMERICA CORP	145,600 (-9.0%)	$2,504 (+0.5%)	0.4%	$10.03	+32.2%	COMMON STOCK	060505104
—	EMC CORP/MA	55,700 (-9.0%)	$1,527 (-0.8%)	0.2%	$23.61	—	COMMON STOCK	268648102
MCK	MCKESSON CORP	14,600 (-8.8%)	$2,578 (-0.3%)	0.4%	$101.46	+57.8%	COMMON STOCK	58155Q103
NEE	NEXTERA ENERGY INC	48,000 (-10.4%)	$4,590 (+0.0%)	0.7%	$14.15	+17.1%	COMMON STOCK	65339F101

Unchanged Positions (33)

PSA PUBLIC STORAGE 0.8%

Value ($000) $4,764 Shares 28,274 Est. Cost $97.16 Unrealized +5.3%

ARE ALEXANDRIA REAL ESTATE EQUIT 0.5%

Value ($000) $2,946 Shares 40,600 Est. Cost $44.43 Unrealized +3.7%

— HOME PROPERTIES INC 0.5%

Value ($000) $3,283 Shares 54,600 Est. Cost $61.92 Unrealized —

EQR EQUITY RESIDENTIAL 0.5%

Value ($000) $3,123 Shares 53,856 Est. Cost $31.42 Unrealized +0.9%

VNO VORNADO REALTY TRUST 0.5%

Value ($000) $3,131 Shares 31,765 Est. Cost $82.84 Unrealized —

ELS EQUITY LIFESTYLE PROPERTIES 0.4%

Value ($000) $2,724 Shares 67,000 Est. Cost $52.07 Unrealized —

DLR DIGITAL REALTY TRUST INC 0.6%

Value ($000) $3,949 Shares 74,400 Est. Cost $37.62 Unrealized -12.0%

UDR UDR INC 0.5%

Value ($000) $3,019 Shares 116,867 Est. Cost $15.84 Unrealized +3.9%

BXP BOSTON PROPERTIES INC 0.4%

Value ($000) $2,338 Shares 20,417 Est. Cost $64.00 Unrealized +4.6%

KIM KIMCO REALTY CORP 0.4%

Value ($000) $2,817 Shares 128,731 Est. Cost $12.61 Unrealized -4.0%

— HEALTH CARE REIT INC 0.4%

Value ($000) $2,316 Shares 38,853 Est. Cost $67.03 Unrealized —

— ANADARKO PETROLEUM CORP 0.4%

Value ($000) $2,543 Shares 30,000 Est. Cost $93.00 Unrealized —

HST HOST HOTELS and RESORTS INC 0.6%

Value ($000) $3,997 Shares 197,498 Est. Cost $10.74 Unrealized +12.0%

— WEINGARTEN REALTY INVESTORS 0.3%

Value ($000) $1,810 Shares 60,336 Est. Cost $30.78 Unrealized —

— FEDERAL REALTY INVS TRUST 0.2%

Value ($000) $1,201 Shares 10,468 Est. Cost $103.65 Unrealized —

ESS ESSEX PROPERTY TRUST INC 0.1%

Value ($000) $850 Shares 5,000 Est. Cost $105.05 Unrealized +5.1%

— GENERAL GROWTH PROPERTIES 0.2%

Value ($000) $1,441 Shares 65,500 Est. Cost $19.86 Unrealized —

MKC MCCORMICK and CO-NON VTG SHRS 0.5%

Value ($000) $3,013 Shares 42,000 Est. Cost $27.61 Unrealized -2.9%

DEI DOUGLAS EMMETT INC 0.1%

Value ($000) $795 Shares 29,300 Est. Cost $24.95 Unrealized —

— NATIONAL OILWELL VARCO INC 0.7%

Value ($000) $4,283 Shares 55,000 Est. Cost $71.17 Unrealized —

— ASSOCIATED ESTATES REALTY CP 0.3%

Value ($000) $1,601 Shares 94,500 Est. Cost $15.65 Unrealized —

— HEALTHCARE REALTY TRUST INC 0.1%

Value ($000) $669 Shares 27,682 Est. Cost $25.50 Unrealized —

— SL GREEN REALTY CORP 0.1%

Value ($000) $898 Shares 8,923 Est. Cost $88.17 Unrealized —

HIW HIGHWOODS PROPERTIES INC 0.2%

Value ($000) $1,183 Shares 30,802 Est. Cost $35.61 Unrealized —

— DCT INDUSTRIAL TRUST INC 0.1%

Value ($000) $726 Shares 92,100 Est. Cost $7.16 Unrealized —

— PETSMART INC 0.2%

Value ($000) $965 Shares 14,000 Est. Cost $76.29 Unrealized —

PLD PROLOGIS INC 0.1%

Value ($000) $548 Shares 13,422 Est. Cost $27.85 Unrealized -0.8%

EGP EASTGROUP PROPERTIES INC 0.1%

Value ($000) $648 Shares 10,300 Est. Cost $56.31 Unrealized —

BDN BRANDYWINE REALTY TRUST 0.3%

Value ($000) $1,741 Shares 120,400 Est. Cost $13.58 Unrealized —

— CHESAPEAKE LODGING TRUST 0.3%

Value ($000) $2,123 Shares 82,500 Est. Cost $22.49 Unrealized —

— LASALLE HOTEL PROPERTIES 0.3%

Value ($000) $2,038 Shares 65,100 Est. Cost $24.70 Unrealized —

— RETAIL OPPORTUNITY INVESTMEN 0.3%

Value ($000) $1,815 Shares 121,500 Est. Cost $13.90 Unrealized —

— MEAD JOHNSON NUTRITION CO 0.2%

Value ($000) $1,230 Shares 14,798 Est. Cost $79.20 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PSA	PUBLIC STORAGE	28,274	$4,764	0.8%	$97.16	+5.3%	COMMON STOCK	74460D109
ARE	ALEXANDRIA REAL ESTATE EQUIT	40,600	$2,946	0.5%	$44.43	+3.7%	COMMON STOCK	015271109
—	HOME PROPERTIES INC	54,600	$3,283	0.5%	$61.92	—	COMMON STOCK	437306103
EQR	EQUITY RESIDENTIAL	53,856	$3,123	0.5%	$31.42	+0.9%	COMMON STOCK	29476L107
VNO	VORNADO REALTY TRUST	31,765	$3,131	0.5%	$82.84	—	COMMON STOCK	929042109
ELS	EQUITY LIFESTYLE PROPERTIES	67,000	$2,724	0.4%	$52.07	—	COMMON STOCK	29472R108
DLR	DIGITAL REALTY TRUST INC	74,400	$3,949	0.6%	$37.62	-12.0%	COMMON STOCK	253868103
UDR	UDR INC	116,867	$3,019	0.5%	$15.84	+3.9%	COMMON STOCK	902653104
BXP	BOSTON PROPERTIES INC	20,417	$2,338	0.4%	$64.00	+4.6%	COMMON STOCK	101121101
KIM	KIMCO REALTY CORP	128,731	$2,817	0.4%	$12.61	-4.0%	COMMON STOCK	49446R109
—	HEALTH CARE REIT INC	38,853	$2,316	0.4%	$67.03	—	COMMON STOCK	42217K106
—	ANADARKO PETROLEUM CORP	30,000	$2,543	0.4%	$93.00	—	COMMON STOCK	032511107
HST	HOST HOTELS and RESORTS INC	197,498	$3,997	0.6%	$10.74	+12.0%	COMMON STOCK	44107P104
—	WEINGARTEN REALTY INVESTORS	60,336	$1,810	0.3%	$30.78	—	COMMON STOCK	948741103
—	FEDERAL REALTY INVS TRUST	10,468	$1,201	0.2%	$103.65	—	COMMON STOCK	313747206
ESS	ESSEX PROPERTY TRUST INC	5,000	$850	0.1%	$105.05	+5.1%	COMMON STOCK	297178105
—	GENERAL GROWTH PROPERTIES	65,500	$1,441	0.2%	$19.86	—	COMMON STOCK	370023103
MKC	MCCORMICK and CO-NON VTG SHRS	42,000	$3,013	0.5%	$27.61	-2.9%	COMMON STOCK	579780206
DEI	DOUGLAS EMMETT INC	29,300	$795	0.1%	$24.95	—	COMMON STOCK	25960P109
—	NATIONAL OILWELL VARCO INC	55,000	$4,283	0.7%	$71.17	—	COMMON STOCK	637071101
—	ASSOCIATED ESTATES REALTY CP	94,500	$1,601	0.3%	$15.65	—	COMMON STOCK	045604105
—	HEALTHCARE REALTY TRUST INC	27,682	$669	0.1%	$25.50	—	COMMON STOCK	421946104
—	SL GREEN REALTY CORP	8,923	$898	0.1%	$88.17	—	COMMON STOCK	78440X101
HIW	HIGHWOODS PROPERTIES INC	30,802	$1,183	0.2%	$35.61	—	COMMON STOCK	431284108
—	DCT INDUSTRIAL TRUST INC	92,100	$726	0.1%	$7.16	—	COMMON STOCK	233153105
—	PETSMART INC	14,000	$965	0.2%	$76.29	—	COMMON STOCK	716768106
PLD	PROLOGIS INC	13,422	$548	0.1%	$27.85	-0.8%	COMMON STOCK	74340W103
EGP	EASTGROUP PROPERTIES INC	10,300	$648	0.1%	$56.31	—	COMMON STOCK	277276101
BDN	BRANDYWINE REALTY TRUST	120,400	$1,741	0.3%	$13.58	—	COMMON STOCK	105368203
—	CHESAPEAKE LODGING TRUST	82,500	$2,123	0.3%	$22.49	—	COMMON STOCK	165240102
—	LASALLE HOTEL PROPERTIES	65,100	$2,038	0.3%	$24.70	—	COMMON STOCK	517942108
—	RETAIL OPPORTUNITY INVESTMEN	121,500	$1,815	0.3%	$13.90	—	COMMON STOCK	76131N101
—	MEAD JOHNSON NUTRITION CO	14,798	$1,230	0.2%	$79.20	—	COMMON STOCK	582839106