Pensionfund PDN Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC-CL A	11,110	$7,092	1.0%	$31.95	0.0%	COMMON STOCK	02079K305
GOOG	ALPHABET INC-CL C	11,138	$6,777	1.0%	$30.50	0.0%	COMMON STOCK	02079K107
T	ATandT INC	190,000	$6,190	0.9%	$12.27	0.0%	COMMON STOCK	00206R102
LOW	LOWE'S COS INC	79,000	$5,445	0.8%	$56.94	0.0%	COMMON STOCK	548661107
NKE	NIKE INC -CL B	41,000	$5,042	0.7%	$49.59	0.0%	COMMON STOCK	654106103
—	EXPRESS SCRIPTS HOLDING CO	60,000	$4,858	0.7%	$80.97	—	COMMON STOCK	30219G108
DHR	DANAHER CORP	54,000	$4,601	0.7%	$36.01	0.0%	COMMON STOCK	235851102
TROW	T ROWE PRICE GROUP INC	65,000	$4,518	0.7%	$50.99	0.0%	COMMON STOCK	74144T108
MCO	MOODY'S CORP	46,000	$4,517	0.7%	$95.89	0.0%	COMMON STOCK	615369105
—	BLACKROCK INC	15,000	$4,462	0.6%	$297.47	—	COMMON STOCK	09247X101
SEIC	SEI INVESTMENTS COMPANY	92,000	$4,437	0.6%	$44.79	0.0%	COMMON STOCK	784117103
—	MCGRAW HILL FINANCIAL INC	49,000	$4,239	0.6%	$86.51	—	COMMON STOCK	580645109
ITW	ILLINOIS TOOL WORKS	50,000	$4,116	0.6%	$68.35	0.0%	COMMON STOCK	452308109
ADP	AUTOMATIC DATA PROCESSING	47,000	$3,777	0.5%	$63.87	0.0%	COMMON STOCK	053015103
—	CIGNA CORP	27,000	$3,646	0.5%	$135.04	—	COMMON STOCK	125509109
SYK	STRYKER CORP	38,000	$3,576	0.5%	$87.90	0.0%	COMMON STOCK	863667101
IFF	INTL FLAVORS and FRAGRANCES	34,000	$3,511	0.5%	$85.78	0.0%	COMMON STOCK	459506101
CMI	CUMMINS INC	32,000	$3,475	0.5%	$92.93	0.0%	COMMON STOCK	231021106
APH	AMPHENOL CORP-CL A	63,000	$3,210	0.5%	$12.16	0.0%	COMMON STOCK	032095101
PAYX	PAYCHEX INC	67,000	$3,191	0.5%	$34.10	0.0%	COMMON STOCK	704326107
DG	DOLLAR GENERAL CORP	44,000	$3,187	0.5%	$66.81	0.0%	COMMON STOCK	256677105
RHI	ROBERT HALF INTL INC	60,000	$3,070	0.4%	$53.82	0.0%	COMMON STOCK	770323103
—	LINEAR TECHNOLOGY CORP	76,000	$3,067	0.4%	$40.36	—	COMMON STOCK	535678106
—	WABCO HOLDINGS INC	29,000	$3,040	0.4%	$104.83	—	COMMON STOCK	92927K102
HRL	HORMEL FOODS CORP	47,500	$3,007	0.4%	$23.38	0.0%	COMMON STOCK	440452100
—	CA INC	110,000	$3,003	0.4%	$27.30	—	COMMON STOCK	12673P105
CHD	CHURCH and DWIGHT CO INC	35,000	$2,937	0.4%	$37.38	0.0%	COMMON STOCK	171340102
SHW	SHERWIN-WILLIAMS CO/THE	13,000	$2,896	0.4%	$79.61	0.0%	COMMON STOCK	824348106
MTD	METTLER-TOLEDO INTERNATIONAL	10,000	$2,847	0.4%	$316.01	0.0%	COMMON STOCK	592688105
BF/B	BROWN-FORMAN CORP-CLASS B	29,000	$2,810	0.4%	$33.91	0.0%	COMMON STOCK	115637209
—	VARIAN MEDICAL SYSTEMS INC	38,000	$2,804	0.4%	$73.79	—	COMMON STOCK	92220P105
—	FLIR SYSTEMS INC	100,000	$2,799	0.4%	$27.99	—	COMMON STOCK	302445101
GWW	WW GRAINGER INC	13,000	$2,795	0.4%	$190.10	0.0%	COMMON STOCK	384802104
FAST	FASTENAL CO	76,000	$2,782	0.4%	$7.53	0.0%	COMMON STOCK	311900104
SNPS	SYNOPSYS INC	60,000	$2,771	0.4%	$49.10	0.0%	COMMON STOCK	871607107
AWK	AMERICAN WATER WORKS CO INC	50,000	$2,754	0.4%	$42.73	0.0%	COMMON STOCK	030420103
DVA	DAVITA HEALTHCARE PARTNERS I	38,000	$2,749	0.4%	$77.54	0.0%	COMMON STOCK	23918K108
PPG	PPG INDUSTRIES INC	31,000	$2,718	0.4%	$84.38	0.0%	COMMON STOCK	693506107
GAP	GAP INC/THE	95,000	$2,708	0.4%	$23.79	0.0%	COMMON STOCK	364760108
MA	MASTERCARD INC-CLASS A	30,000	$2,704	0.4%	$88.30	0.0%	COMMON STOCK	57636Q104
BDX	BECTON DICKINSON AND CO	20,000	$2,653	0.4%	$119.24	0.0%	COMMON STOCK	075887109
—	CERNER CORP	44,000	$2,638	0.4%	$59.95	—	COMMON STOCK	156782104
SJM	JM SMUCKER CO/THE	23,000	$2,624	0.4%	$81.72	0.0%	COMMON STOCK	832696405
—	AMERICAN CAMPUS COMMUNITIES	68,000	$2,464	0.4%	$36.24	—	COMMON STOCK	024835100
UTHR	UNITED THERAPEUTICS CORP	18,000	$2,362	0.3%	$160.39	0.0%	COMMON STOCK	91307C102
KHC	KRAFT HEINZ CO/THE	32,600	$2,301	0.3%	$47.82	0.0%	COMMON STOCK	500754106
PLD	PROLOGIS INC	56,000	$2,178	0.3%	$28.82	0.0%	COMMON STOCK	74340W103
WELL	WELLTOWER INC	31,953	$2,164	0.3%	$44.80	0.0%	COMMON STOCK	95040Q104
PYPL	PAYPAL HOLDINGS INC	57,200	$1,775	0.3%	$35.85	0.0%	COMMON STOCK	70450Y103
WAT	WATERS CORP	14,000	$1,655	0.2%	$126.49	0.0%	COMMON STOCK	941848103
—	VEREIT INC	207,000	$1,598	0.2%	$7.72	—	COMMON STOCK	92339V100
—	DCT INDUSTRIAL TRUST INC	40,025	$1,347	0.2%	$33.65	—	COMMON STOCK	233153204
—	COACH INC	45,900	$1,328	0.2%	$28.93	—	COMMON STOCK	189754104
—	CARE CAPITAL PROPERTIES UNC	17,670	$582	0.1%	$32.94	—	COMMON STOCK	141624106

Increased Positions (76)

TJX TJX COMPANIES INC 1.2%

Value ($000) $8,328 (+243.8%) Shares 116,600 (+218.6%) Est. Cost $29.40 Unrealized +3.2%

MSFT MICROSOFT CORP 1.5%

Value ($000) $10,653 (+59.0%) Shares 240,700 (+58.7%) Est. Cost $31.22 Unrealized +24.7%

HSY HERSHEY CO/THE 1.0%

Value ($000) $6,634 (+99.2%) Shares 72,200 (+92.5%) Est. Cost $72.09 Unrealized -1.5%

AAPL APPLE INC 2.2%

Value ($000) $14,935 (+25.6%) Shares 135,400 (+42.8%) Est. Cost $20.45 Unrealized +28.5%

KR KROGER CO 0.6%

Value ($000) $3,968 (-38.2%) Shares 110,000 (+24.3%) Est. Cost $16.71 Unrealized +80.6%

USB US BANCORP 0.7%

Value ($000) $4,581 (+102.6%) Shares 111,700 (+114.4%) Est. Cost $26.36 Unrealized +13.1%

WEC WEC ENERGY GROUP INC 1.0%

Value ($000) $6,924 (+35.3%) Shares 132,600 (+16.5%) Est. Cost $34.08 Unrealized +2.1%

XOM EXXON MOBIL CORP 1.5%

Value ($000) $10,409 (+20.4%) Shares 140,000 (+34.7%) Est. Cost $52.58 Unrealized -6.7%

HD HOME DEPOT INC 1.5%

Value ($000) $10,105 (+21.1%) Shares 87,500 (+16.5%) Est. Cost $62.49 Unrealized +44.8%

— SENIOR HOUSING PROP TRUST 0.6%

Value ($000) $3,890 (+74.4%) Shares 240,100 (+88.9%) Est. Cost $20.37 Unrealized —

EBAY EBAY INC 0.2%

Value ($000) $1,398 (-52.7%) Shares 57,200 (+16.5%) Est. Cost $20.40 Unrealized +17.3%

SBUX STARBUCKS CORP 1.1%

Value ($000) $7,310 (+23.5%) Shares 128,600 (+16.5%) Est. Cost $33.68 Unrealized +34.6%

CL COLGATE-PALMOLIVE CO 1.7%

Value ($000) $12,013 (+13.0%) Shares 189,300 (+16.5%) Est. Cost $48.89 Unrealized +4.9%

PEP PEPSICO INC 1.3%

Value ($000) $9,128 (+17.7%) Shares 96,800 (+16.5%) Est. Cost $57.91 Unrealized +20.0%

— PRECISION CASTPARTS CORP 0.7%

Value ($000) $4,806 (+34.2%) Shares 20,920 (+16.7%) Est. Cost $227.59 Unrealized —

CTSH COGNIZANT TECH SOLUTIONS-A 1.1%

Value ($000) $7,413 (+19.4%) Shares 118,400 (+16.5%) Est. Cost $42.96 Unrealized +29.5%

VTR VENTAS INC 0.8%

Value ($000) $5,588 (+27.3%) Shares 99,682 (+41.0%) Est. Cost $45.20 Unrealized -8.1%

JNJ JOHNSON and JOHNSON 1.7%

Value ($000) $11,417 (+11.6%) Shares 122,300 (+16.5%) Est. Cost $63.60 Unrealized +14.0%

BIIB BIOGEN INC 0.9%

Value ($000) $6,332 (-15.7%) Shares 21,700 (+16.7%) Est. Cost $230.33 Unrealized +43.4%

MO ALTRIA GROUP INC 0.7%

Value ($000) $4,923 (+29.6%) Shares 90,500 (+16.5%) Est. Cost $17.79 Unrealized +51.8%

MCD MCDONALD'S CORP 0.9%

Value ($000) $6,414 (+20.7%) Shares 65,100 (+16.5%) Est. Cost $72.30 Unrealized +4.2%

— CAMPUS CREST COMMUNITIES INC 0.5%

Value ($000) $3,194 (+49.7%) Shares 600,419 (+56.0%) Est. Cost $6.42 Unrealized —

— MEAD JOHNSON NUTRITION CO 0.9%

Value ($000) $6,054 (+19.8%) Shares 86,000 (+53.6%) Est. Cost $85.76 Unrealized —

PM PHILIP MORRIS INTERNATIONAL 1.0%

Value ($000) $7,179 (+15.3%) Shares 90,500 (+16.5%) Est. Cost $49.71 Unrealized -1.6%

UNH UNITEDHEALTH GROUP INC 1.3%

Value ($000) $9,026 (+10.7%) Shares 77,800 (+16.5%) Est. Cost $65.43 Unrealized +54.7%

— KELLOGG CO 0.7%

Value ($000) $4,552 (+23.7%) Shares 68,400 (+16.5%) Est. Cost $39.93 Unrealized +8.4%

INTC INTEL CORP 0.9%

Value ($000) $5,941 (+15.5%) Shares 197,100 (+16.6%) Est. Cost $17.95 Unrealized +26.0%

COST COSTCO WHOLESALE CORP 0.6%

Value ($000) $3,961 (+24.8%) Shares 27,400 (+16.6%) Est. Cost $95.62 Unrealized +25.1%

MKC MCCORMICK and CO-NON VTG SHRS 0.7%

Value ($000) $5,071 (+18.2%) Shares 61,700 (+16.4%) Est. Cost $28.59 Unrealized +16.7%

KO COCA-COLA CO/THE 0.7%

Value ($000) $4,855 (+19.1%) Shares 121,000 (+16.5%) Est. Cost $28.02 Unrealized +2.9%

GIS GENERAL MILLS INC 0.7%

Value ($000) $4,906 (+17.4%) Shares 87,400 (+16.5%) Est. Cost $33.55 Unrealized +19.1%

— PRICELINE GROUP INC/THE 0.5%

Value ($000) $3,587 (+25.1%) Shares 2,900 (+16.5%) Est. Cost $1042.94 Unrealized —

SO SOUTHERN CO/THE 0.5%

Value ($000) $3,572 (+24.3%) Shares 79,900 (+16.5%) Est. Cost $26.97 Unrealized +5.0%

NEE NEXTERA ENERGY INC 0.7%

Value ($000) $4,917 (+15.8%) Shares 50,400 (+16.4%) Est. Cost $14.90 Unrealized +30.5%

KMB KIMBERLY-CLARK CORP 0.6%

Value ($000) $4,013 (+19.8%) Shares 36,800 (+16.5%) Est. Cost $65.09 Unrealized +18.9%

CMCSA COMCAST CORP-CLASS A 0.9%

Value ($000) $6,073 (+11.2%) Shares 106,100 (+16.5%) Est. Cost $16.71 Unrealized +39.7%

ROST ROSS STORES INC 0.6%

Value ($000) $4,042 (+16.1%) Shares 83,400 (+16.5%) Est. Cost $38.23 Unrealized +20.6%

WM WASTE MANAGEMENT INC 0.4%

Value ($000) $2,700 (+25.3%) Shares 54,200 (+16.6%) Est. Cost $32.19 Unrealized +26.9%

PG PROCTER and GAMBLE CO/THE 1.2%

Value ($000) $7,942 (+7.1%) Shares 110,400 (+16.5%) Est. Cost $55.51 Unrealized +1.5%

MMM 3M CO 1.1%

Value ($000) $7,877 (+7.1%) Shares 55,559 (+16.6%) Est. Cost $71.80 Unrealized +21.9%

— TIME WARNER CABLE 0.5%

Value ($000) $3,569 (+17.1%) Shares 19,900 (+16.4%) Est. Cost $121.88 Unrealized —

— BIOMED REALTY TRUST INC 0.4%

Value ($000) $2,767 (+22.8%) Shares 138,500 (+18.9%) Est. Cost $20.38 Unrealized —

UPS UNITED PARCEL SERVICE-CL B 0.4%

Value ($000) $3,050 (+18.8%) Shares 30,900 (+16.6%) Est. Cost $57.15 Unrealized +18.6%

CSCO CISCO SYSTEMS INC 0.7%

Value ($000) $4,638 (+11.3%) Shares 176,700 (+16.5%) Est. Cost $16.14 Unrealized +21.3%

CVS CVS HEALTH CORP 1.0%

Value ($000) $6,599 (+7.2%) Shares 68,400 (+16.5%) Est. Cost $48.29 Unrealized +61.1%

ECL ECOLAB INC 0.5%

Value ($000) $3,346 (+13.0%) Shares 30,500 (+16.4%) Est. Cost $84.20 Unrealized +18.5%

VFC VF CORP 0.5%

Value ($000) $3,131 (+13.9%) Shares 45,900 (+16.5%) Est. Cost $53.15 Unrealized +28.9%

— UNITED TECHNOLOGIES CORP 0.8%

Value ($000) $5,224 (-6.6%) Shares 58,700 (+16.5%) Est. Cost $92.39 Unrealized —

SLB SCHLUMBERGER LTD 0.7%

Value ($000) $4,931 (-6.8%) Shares 71,500 (+16.4%) Est. Cost $56.34 Unrealized +4.6%

ORCL ORACLE CORP 1.2%

Value ($000) $8,055 (+4.4%) Shares 223,000 (+16.5%) Est. Cost $28.34 Unrealized +16.1%

UNP UNION PACIFIC CORP 0.6%

Value ($000) $4,412 (+8.1%) Shares 49,900 (+16.6%) Est. Cost $68.12 Unrealized +5.9%

DE DEERE and CO 0.4%

Value ($000) $2,649 (-11.1%) Shares 35,800 (+16.6%) Est. Cost $68.80 Unrealized +6.6%

DIS WALT DISNEY CO/THE 1.0%

Value ($000) $7,144 (+4.3%) Shares 69,900 (+16.5%) Est. Cost $66.66 Unrealized +49.6%

MRSH MARSH and MCLENNAN COS 0.6%

Value ($000) $4,319 (+7.3%) Shares 82,700 (+16.5%) Est. Cost $47.89 Unrealized -2.4%

EL ESTEE LAUDER COMPANIES-CL A 0.5%

Value ($000) $3,647 (+8.5%) Shares 45,200 (+16.5%) Est. Cost $60.36 Unrealized +21.5%

IBM INTL BUSINESS MACHINES CORP 1.1%

Value ($000) $7,480 (+3.8%) Shares 51,600 (+16.5%) Est. Cost $113.66 Unrealized -16.1%

STAG STAG INDUSTRIAL INC 0.3%

Value ($000) $1,794 (+17.3%) Shares 98,500 (+28.8%) Est. Cost $19.60 Unrealized —

COP CONOCOPHILLIPS 0.4%

Value ($000) $2,417 (-9.1%) Shares 50,400 (+16.4%) Est. Cost $39.51 Unrealized -6.9%

GILD GILEAD SCIENCES INC 1.4%

Value ($000) $9,338 (-2.3%) Shares 95,100 (+16.5%) Est. Cost $65.39 Unrealized +18.5%

— MONSANTO CO 0.4%

Value ($000) $2,876 (-6.6%) Shares 33,700 (+16.6%) Est. Cost $96.89 Unrealized —

AMAT APPLIED MATERIALS INC 0.2%

Value ($000) $1,666 (-10.9%) Shares 113,400 (+16.5%) Est. Cost $12.57 Unrealized +17.2%

AFL AFLAC INC 0.4%

Value ($000) $2,453 (+8.9%) Shares 42,200 (+16.6%) Est. Cost $22.63 Unrealized +4.7%

— DU PONT (E.I.) DE NEMOURS 0.2%

Value ($000) $1,388 (-12.2%) Shares 28,800 (+16.6%) Est. Cost $51.89 Unrealized —

BWA BORGWARNER INC 0.1%

Value ($000) $890 (-14.9%) Shares 21,400 (+16.3%) Est. Cost $40.48 Unrealized -12.4%

— SELECT INCOME REIT 0.4%

Value ($000) $3,095 (+5.0%) Shares 162,800 (+14.0%) Est. Cost $26.33 Unrealized —

— INLAND REAL ESTATE CORP 0.3%

Value ($000) $2,126 (+6.2%) Shares 262,500 (+23.5%) Est. Cost $9.85 Unrealized —

HAL HALLIBURTON CO 0.4%

Value ($000) $2,475 (-4.4%) Shares 70,000 (+16.5%) Est. Cost $33.06 Unrealized -2.7%

— EMC CORP/MA 0.2%

Value ($000) $1,416 (+6.7%) Shares 58,600 (+16.5%) Est. Cost $23.69 Unrealized —

EMR EMERSON ELECTRIC CO 0.2%

Value ($000) $1,073 (-7.3%) Shares 24,300 (+16.3%) Est. Cost $39.65 Unrealized -5.8%

FOSL FOSSIL GROUP INC 0.2%

Value ($000) $1,296 (-6.1%) Shares 23,200 (+16.6%) Est. Cost $108.97 Unrealized -41.8%

DLTR DOLLAR TREE INC 0.4%

Value ($000) $3,000 (-1.6%) Shares 45,000 (+16.6%) Est. Cost $52.48 Unrealized +43.1%

OXY OCCIDENTAL PETROLEUM CORP 0.7%

Value ($000) $5,120 (-0.9%) Shares 77,400 (+16.6%) Est. Cost $61.56 Unrealized -16.6%

— AIRGAS INC 0.4%

Value ($000) $2,635 (-1.5%) Shares 29,500 (+16.6%) Est. Cost $101.93 Unrealized —

NSC NORFOLK SOUTHERN CORP 0.3%

Value ($000) $2,170 (+1.8%) Shares 28,400 (+16.4%) Est. Cost $58.72 Unrealized +10.9%

— PRAXAIR INC 0.4%

Value ($000) $2,791 (-0.6%) Shares 27,400 (+16.6%) Est. Cost $121.93 Unrealized —

QCOM QUALCOMM INC 0.9%

Value ($000) $6,340 (+0.1%) Shares 118,000 (+16.7%) Est. Cost $45.53 Unrealized -3.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TJX	TJX COMPANIES INC	116,600 (+218.6%)	$8,328 (+243.8%)	1.2%	$29.40	+3.2%	COMMON STOCK	872540109
MSFT	MICROSOFT CORP	240,700 (+58.7%)	$10,653 (+59.0%)	1.5%	$31.22	+24.7%	COMMON STOCK	594918104
HSY	HERSHEY CO/THE	72,200 (+92.5%)	$6,634 (+99.2%)	1.0%	$72.09	-1.5%	COMMON STOCK	427866108
AAPL	APPLE INC	135,400 (+42.8%)	$14,935 (+25.6%)	2.2%	$20.45	+28.5%	COMMON STOCK	037833100
KR	KROGER CO	110,000 (+24.3%)	$3,968 (-38.2%)	0.6%	$16.71	+80.6%	COMMON STOCK	501044101
USB	US BANCORP	111,700 (+114.4%)	$4,581 (+102.6%)	0.7%	$26.36	+13.1%	COMMON STOCK	902973304
WEC	WEC ENERGY GROUP INC	132,600 (+16.5%)	$6,924 (+35.3%)	1.0%	$34.08	+2.1%	COMMON STOCK	92939U106
XOM	EXXON MOBIL CORP	140,000 (+34.7%)	$10,409 (+20.4%)	1.5%	$52.58	-6.7%	COMMON STOCK	30231G102
HD	HOME DEPOT INC	87,500 (+16.5%)	$10,105 (+21.1%)	1.5%	$62.49	+44.8%	COMMON STOCK	437076102
—	SENIOR HOUSING PROP TRUST	240,100 (+88.9%)	$3,890 (+74.4%)	0.6%	$20.37	—	COMMON STOCK	81721M109
EBAY	EBAY INC	57,200 (+16.5%)	$1,398 (-52.7%)	0.2%	$20.40	+17.3%	COMMON STOCK	278642103
SBUX	STARBUCKS CORP	128,600 (+16.5%)	$7,310 (+23.5%)	1.1%	$33.68	+34.6%	COMMON STOCK	855244109
CL	COLGATE-PALMOLIVE CO	189,300 (+16.5%)	$12,013 (+13.0%)	1.7%	$48.89	+4.9%	COMMON STOCK	194162103
PEP	PEPSICO INC	96,800 (+16.5%)	$9,128 (+17.7%)	1.3%	$57.91	+20.0%	COMMON STOCK	713448108
—	PRECISION CASTPARTS CORP	20,920 (+16.7%)	$4,806 (+34.2%)	0.7%	$227.59	—	COMMON STOCK	740189105
CTSH	COGNIZANT TECH SOLUTIONS-A	118,400 (+16.5%)	$7,413 (+19.4%)	1.1%	$42.96	+29.5%	COMMON STOCK	192446102
VTR	VENTAS INC	99,682 (+41.0%)	$5,588 (+27.3%)	0.8%	$45.20	-8.1%	COMMON STOCK	92276F100
JNJ	JOHNSON and JOHNSON	122,300 (+16.5%)	$11,417 (+11.6%)	1.7%	$63.60	+14.0%	COMMON STOCK	478160104
BIIB	BIOGEN INC	21,700 (+16.7%)	$6,332 (-15.7%)	0.9%	$230.33	+43.4%	COMMON STOCK	09062X103
MO	ALTRIA GROUP INC	90,500 (+16.5%)	$4,923 (+29.6%)	0.7%	$17.79	+51.8%	COMMON STOCK	02209S103
MCD	MCDONALD'S CORP	65,100 (+16.5%)	$6,414 (+20.7%)	0.9%	$72.30	+4.2%	COMMON STOCK	580135101
—	CAMPUS CREST COMMUNITIES INC	600,419 (+56.0%)	$3,194 (+49.7%)	0.5%	$6.42	—	COMMON STOCK	13466Y105
—	MEAD JOHNSON NUTRITION CO	86,000 (+53.6%)	$6,054 (+19.8%)	0.9%	$85.76	—	COMMON STOCK	582839106
PM	PHILIP MORRIS INTERNATIONAL	90,500 (+16.5%)	$7,179 (+15.3%)	1.0%	$49.71	-1.6%	COMMON STOCK	718172109
UNH	UNITEDHEALTH GROUP INC	77,800 (+16.5%)	$9,026 (+10.7%)	1.3%	$65.43	+54.7%	COMMON STOCK	91324P102
—	KELLOGG CO	68,400 (+16.5%)	$4,552 (+23.7%)	0.7%	$39.93	+8.4%	COMMON STOCK	487836108
INTC	INTEL CORP	197,100 (+16.6%)	$5,941 (+15.5%)	0.9%	$17.95	+26.0%	COMMON STOCK	458140100
COST	COSTCO WHOLESALE CORP	27,400 (+16.6%)	$3,961 (+24.8%)	0.6%	$95.62	+25.1%	COMMON STOCK	22160K105
MKC	MCCORMICK and CO-NON VTG SHRS	61,700 (+16.4%)	$5,071 (+18.2%)	0.7%	$28.59	+16.7%	COMMON STOCK	579780206
KO	COCA-COLA CO/THE	121,000 (+16.5%)	$4,855 (+19.1%)	0.7%	$28.02	+2.9%	COMMON STOCK	191216100
GIS	GENERAL MILLS INC	87,400 (+16.5%)	$4,906 (+17.4%)	0.7%	$33.55	+19.1%	COMMON STOCK	370334104
—	PRICELINE GROUP INC/THE	2,900 (+16.5%)	$3,587 (+25.1%)	0.5%	$1042.94	—	COMMON STOCK	741503403
SO	SOUTHERN CO/THE	79,900 (+16.5%)	$3,572 (+24.3%)	0.5%	$26.97	+5.0%	COMMON STOCK	842587107
NEE	NEXTERA ENERGY INC	50,400 (+16.4%)	$4,917 (+15.8%)	0.7%	$14.90	+30.5%	COMMON STOCK	65339F101
KMB	KIMBERLY-CLARK CORP	36,800 (+16.5%)	$4,013 (+19.8%)	0.6%	$65.09	+18.9%	COMMON STOCK	494368103
CMCSA	COMCAST CORP-CLASS A	106,100 (+16.5%)	$6,073 (+11.2%)	0.9%	$16.71	+39.7%	COMMON STOCK	20030N101
ROST	ROSS STORES INC	83,400 (+16.5%)	$4,042 (+16.1%)	0.6%	$38.23	+20.6%	COMMON STOCK	778296103
WM	WASTE MANAGEMENT INC	54,200 (+16.6%)	$2,700 (+25.3%)	0.4%	$32.19	+26.9%	COMMON STOCK	94106L109
PG	PROCTER and GAMBLE CO/THE	110,400 (+16.5%)	$7,942 (+7.1%)	1.2%	$55.51	+1.5%	COMMON STOCK	742718109
MMM	3M CO	55,559 (+16.6%)	$7,877 (+7.1%)	1.1%	$71.80	+21.9%	COMMON STOCK	88579Y101
—	TIME WARNER CABLE	19,900 (+16.4%)	$3,569 (+17.1%)	0.5%	$121.88	—	COMMON STOCK	88732J207
—	BIOMED REALTY TRUST INC	138,500 (+18.9%)	$2,767 (+22.8%)	0.4%	$20.38	—	COMMON STOCK	09063H107
UPS	UNITED PARCEL SERVICE-CL B	30,900 (+16.6%)	$3,050 (+18.8%)	0.4%	$57.15	+18.6%	COMMON STOCK	911312106
CSCO	CISCO SYSTEMS INC	176,700 (+16.5%)	$4,638 (+11.3%)	0.7%	$16.14	+21.3%	COMMON STOCK	17275R102
CVS	CVS HEALTH CORP	68,400 (+16.5%)	$6,599 (+7.2%)	1.0%	$48.29	+61.1%	COMMON STOCK	126650100
ECL	ECOLAB INC	30,500 (+16.4%)	$3,346 (+13.0%)	0.5%	$84.20	+18.5%	COMMON STOCK	278865100
VFC	VF CORP	45,900 (+16.5%)	$3,131 (+13.9%)	0.5%	$53.15	+28.9%	COMMON STOCK	918204108
—	UNITED TECHNOLOGIES CORP	58,700 (+16.5%)	$5,224 (-6.6%)	0.8%	$92.39	—	COMMON STOCK	913017109
SLB	SCHLUMBERGER LTD	71,500 (+16.4%)	$4,931 (-6.8%)	0.7%	$56.34	+4.6%	COMMON STOCK	806857108
ORCL	ORACLE CORP	223,000 (+16.5%)	$8,055 (+4.4%)	1.2%	$28.34	+16.1%	COMMON STOCK	68389X105
UNP	UNION PACIFIC CORP	49,900 (+16.6%)	$4,412 (+8.1%)	0.6%	$68.12	+5.9%	COMMON STOCK	907818108
DE	DEERE and CO	35,800 (+16.6%)	$2,649 (-11.1%)	0.4%	$68.80	+6.6%	COMMON STOCK	244199105
DIS	WALT DISNEY CO/THE	69,900 (+16.5%)	$7,144 (+4.3%)	1.0%	$66.66	+49.6%	COMMON STOCK	254687106
MRSH	MARSH and MCLENNAN COS	82,700 (+16.5%)	$4,319 (+7.3%)	0.6%	$47.89	-2.4%	COMMON STOCK	571748102
EL	ESTEE LAUDER COMPANIES-CL A	45,200 (+16.5%)	$3,647 (+8.5%)	0.5%	$60.36	+21.5%	COMMON STOCK	518439104
IBM	INTL BUSINESS MACHINES CORP	51,600 (+16.5%)	$7,480 (+3.8%)	1.1%	$113.66	-16.1%	COMMON STOCK	459200101
STAG	STAG INDUSTRIAL INC	98,500 (+28.8%)	$1,794 (+17.3%)	0.3%	$19.60	—	COMMON STOCK	85254J102
COP	CONOCOPHILLIPS	50,400 (+16.4%)	$2,417 (-9.1%)	0.4%	$39.51	-6.9%	COMMON STOCK	20825C104
GILD	GILEAD SCIENCES INC	95,100 (+16.5%)	$9,338 (-2.3%)	1.4%	$65.39	+18.5%	COMMON STOCK	375558103
—	MONSANTO CO	33,700 (+16.6%)	$2,876 (-6.6%)	0.4%	$96.89	—	COMMON STOCK	61166W101
AMAT	APPLIED MATERIALS INC	113,400 (+16.5%)	$1,666 (-10.9%)	0.2%	$12.57	+17.2%	COMMON STOCK	038222105
AFL	AFLAC INC	42,200 (+16.6%)	$2,453 (+8.9%)	0.4%	$22.63	+4.7%	COMMON STOCK	001055102
—	DU PONT (E.I.) DE NEMOURS	28,800 (+16.6%)	$1,388 (-12.2%)	0.2%	$51.89	—	COMMON STOCK	263534109
BWA	BORGWARNER INC	21,400 (+16.3%)	$890 (-14.9%)	0.1%	$40.48	-12.4%	COMMON STOCK	099724106
—	SELECT INCOME REIT	162,800 (+14.0%)	$3,095 (+5.0%)	0.4%	$26.33	—	COMMON STOCK	81618T100
—	INLAND REAL ESTATE CORP	262,500 (+23.5%)	$2,126 (+6.2%)	0.3%	$9.85	—	COMMON STOCK	457461200
HAL	HALLIBURTON CO	70,000 (+16.5%)	$2,475 (-4.4%)	0.4%	$33.06	-2.7%	COMMON STOCK	406216101
—	EMC CORP/MA	58,600 (+16.5%)	$1,416 (+6.7%)	0.2%	$23.69	—	COMMON STOCK	268648102
EMR	EMERSON ELECTRIC CO	24,300 (+16.3%)	$1,073 (-7.3%)	0.2%	$39.65	-5.8%	COMMON STOCK	291011104
FOSL	FOSSIL GROUP INC	23,200 (+16.6%)	$1,296 (-6.1%)	0.2%	$108.97	-41.8%	COMMON STOCK	34988V106
DLTR	DOLLAR TREE INC	45,000 (+16.6%)	$3,000 (-1.6%)	0.4%	$52.48	+43.1%	COMMON STOCK	256746108
OXY	OCCIDENTAL PETROLEUM CORP	77,400 (+16.6%)	$5,120 (-0.9%)	0.7%	$61.56	-16.6%	COMMON STOCK	674599105
—	AIRGAS INC	29,500 (+16.6%)	$2,635 (-1.5%)	0.4%	$101.93	—	COMMON STOCK	009363102
NSC	NORFOLK SOUTHERN CORP	28,400 (+16.4%)	$2,170 (+1.8%)	0.3%	$58.72	+10.9%	COMMON STOCK	655844108
—	PRAXAIR INC	27,400 (+16.6%)	$2,791 (-0.6%)	0.4%	$121.93	—	COMMON STOCK	74005P104
QCOM	QUALCOMM INC	118,000 (+16.7%)	$6,340 (+0.1%)	0.9%	$45.53	-3.1%	COMMON STOCK	747525103

Exited Positions (43)

JPM JPMORGAN CHASE and CO 1.7%

Value ($000) $11,702 Shares 172,700 Est. Cost $38.53 Unrealized +28.8%

— GENERAL ELECTRIC CO 1.5%

Value ($000) $10,437 Shares 392,800 Est. Cost $23.45 Unrealized —

MRK MERCK and CO. INC. 1.3%

Value ($000) $9,251 Shares 162,500 Est. Cost $31.08 Unrealized +23.6%

AMGN AMGEN INC 1.2%

Value ($000) $7,998 Shares 52,100 Est. Cost $73.34 Unrealized +58.5%

PFE PFIZER INC 1.1%

Value ($000) $7,752 Shares 231,200 Est. Cost $16.60 Unrealized +24.1%

C CITIGROUP INC 0.9%

Value ($000) $6,176 Shares 111,800 Est. Cost $36.70 Unrealized +11.1%

— TIME WARNER INC 0.9%

Value ($000) $5,979 Shares 68,400 Est. Cost $57.82 Unrealized —

BMY BRISTOL-MYERS SQUIBB CO 0.8%

Value ($000) $5,836 Shares 87,700 Est. Cost $28.67 Unrealized +55.4%

ABBV ABBVIE INC 0.8%

Value ($000) $5,483 Shares 81,600 Est. Cost $30.63 Unrealized +38.8%

LLY ELI LILLY and CO 0.8%

Value ($000) $5,168 Shares 61,900 Est. Cost $42.21 Unrealized +66.9%

PWR QUANTA SERVICES INC 0.7%

Value ($000) $5,153 Shares 178,800 Est. Cost $27.23 Unrealized -8.3%

— GOOGLE INC-CL A 0.7%

Value ($000) $5,136 Shares 9,510 Est. Cost $880.35 Unrealized —

FMC FMC CORP 0.7%

Value ($000) $4,982 Shares 94,800 Est. Cost $42.49 Unrealized -28.1%

— GOOGLE INC-CL C 0.7%

Value ($000) $4,965 Shares 9,538 Est. Cost $575.26 Unrealized —

— HESS CORP 0.7%

Value ($000) $4,708 Shares 70,400 Est. Cost $70.67 Unrealized —

— KRAFT FOODS GROUP INC 0.6%

Value ($000) $4,202 Shares 49,350 Est. Cost $56.01 Unrealized —

MET METLIFE INC 0.6%

Value ($000) $4,070 Shares 72,700 Est. Cost $28.08 Unrealized +17.2%

EMN EASTMAN CHEMICAL CO 0.6%

Value ($000) $3,919 Shares 47,900 Est. Cost $48.74 Unrealized +8.3%

CF CF Industries Holdings INC 0.5%

Value ($000) $3,728 Shares 58,000 Est. Cost $41.27 Unrealized +5.1%

TRV TRAVELERS COS INC/THE 0.5%

Value ($000) $3,315 Shares 34,300 Est. Cost $63.44 Unrealized +28.2%

BK BANK OF NEW YORK MELLON CORP 0.4%

Value ($000) $2,980 Shares 71,000 Est. Cost $21.22 Unrealized +50.8%

BAC BANK OF AMERICA CORP 0.4%

Value ($000) $2,960 Shares 173,900 Est. Cost $10.57 Unrealized +27.2%

— CELGENE CORP 0.4%

Value ($000) $2,893 Shares 25,000 Est. Cost $115.72 Unrealized —

MCK MCKESSON CORP 0.4%

Value ($000) $2,833 Shares 12,600 Est. Cost $101.46 Unrealized +92.8%

ABT ABBOTT LABORATORIES 0.4%

Value ($000) $2,812 Shares 57,300 Est. Cost $28.85 Unrealized +34.5%

ZBH ZIMMER BIOMET HOLDINGS INC 0.4%

Value ($000) $2,501 Shares 22,900 Est. Cost $67.30 Unrealized +36.7%

— NATIONAL OILWELL VARCO INC 0.3%

Value ($000) $2,400 Shares 49,700 Est. Cost $71.17 Unrealized —

BEN FRANKLIN RESOURCES INC 0.3%

Value ($000) $2,255 Shares 46,000 Est. Cost $32.15 Unrealized -17.6%

BAX BAXTER INTERNATIONAL INC 0.3%

Value ($000) $2,182 Shares 31,200 Est. Cost $30.40 Unrealized +5.4%

— HEALTH CARE REIT INC 0.3%

Value ($000) $2,097 Shares 31,953 Est. Cost $67.03 Unrealized —

A AGILENT TECHNOLOGIES INC 0.3%

Value ($000) $2,079 Shares 53,900 Est. Cost $31.40 Unrealized +10.9%

— ST JUDE MEDICAL INC 0.3%

Value ($000) $1,966 Shares 26,900 Est. Cost $45.64 Unrealized —

PNC PNC FINANCIAL SERVICES GROUP 0.3%

Value ($000) $1,884 Shares 19,700 Est. Cost $51.33 Unrealized +31.9%

— AMERICAN REALTY CAPITAL PROP 0.2%

Value ($000) $1,683 Shares 207,000 Est. Cost $9.05 Unrealized —

AMP AMERIPRISE FINANCIAL INC 0.2%

Value ($000) $1,662 Shares 13,300 Est. Cost $59.57 Unrealized +58.9%

— ASSOCIATED ESTATES REALTY CP 0.2%

Value ($000) $1,646 Shares 57,500 Est. Cost $16.59 Unrealized —

— MEADWESTVACO CORP 0.2%

Value ($000) $1,619 Shares 34,300 Est. Cost $34.11 Unrealized —

— NOBLE ENERGY INC 0.2%

Value ($000) $1,579 Shares 37,000 Est. Cost $60.04 Unrealized —

DVN DEVON ENERGY CORPORATION 0.2%

Value ($000) $1,422 Shares 23,900 Est. Cost $37.00 Unrealized -14.8%

— COACH INC 0.2%

Value ($000) $1,364 Shares 39,400 Est. Cost $54.52 Unrealized —

— DCT INDUSTRIAL TRUST INC 0.2%

Value ($000) $1,258 Shares 40,025 Est. Cost $18.83 Unrealized —

NUS NU SKIN ENTERPRISES INC - A 0.2%

Value ($000) $1,211 Shares 25,700 Est. Cost $57.45 Unrealized -47.0%

MOS MOSAIC CO/THE 0.2%

Value ($000) $1,059 Shares 22,600 Est. Cost $46.26 Unrealized -27.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JPM	JPMORGAN CHASE and CO	172,700	$11,702	1.7%	$38.53	+28.8%	—	46625H100
—	GENERAL ELECTRIC CO	392,800	$10,437	1.5%	$23.45	—	—	369604103
MRK	MERCK and CO. INC.	162,500	$9,251	1.3%	$31.08	+23.6%	—	58933Y105
AMGN	AMGEN INC	52,100	$7,998	1.2%	$73.34	+58.5%	—	031162100
PFE	PFIZER INC	231,200	$7,752	1.1%	$16.60	+24.1%	—	717081103
C	CITIGROUP INC	111,800	$6,176	0.9%	$36.70	+11.1%	—	172967424
—	TIME WARNER INC	68,400	$5,979	0.9%	$57.82	—	—	887317303
BMY	BRISTOL-MYERS SQUIBB CO	87,700	$5,836	0.8%	$28.67	+55.4%	—	110122108
ABBV	ABBVIE INC	81,600	$5,483	0.8%	$30.63	+38.8%	—	00287Y109
LLY	ELI LILLY and CO	61,900	$5,168	0.8%	$42.21	+66.9%	—	532457108
PWR	QUANTA SERVICES INC	178,800	$5,153	0.7%	$27.23	-8.3%	—	74762E102
—	GOOGLE INC-CL A	9,510	$5,136	0.7%	$880.35	—	—	38259P508
FMC	FMC CORP	94,800	$4,982	0.7%	$42.49	-28.1%	—	302491303
—	GOOGLE INC-CL C	9,538	$4,965	0.7%	$575.26	—	—	38259P706
—	HESS CORP	70,400	$4,708	0.7%	$70.67	—	—	42809H107
—	KRAFT FOODS GROUP INC	49,350	$4,202	0.6%	$56.01	—	—	50076Q106
MET	METLIFE INC	72,700	$4,070	0.6%	$28.08	+17.2%	—	59156R108
EMN	EASTMAN CHEMICAL CO	47,900	$3,919	0.6%	$48.74	+8.3%	—	277432100
CF	CF Industries Holdings INC	58,000	$3,728	0.5%	$41.27	+5.1%	—	125269100
TRV	TRAVELERS COS INC/THE	34,300	$3,315	0.5%	$63.44	+28.2%	—	89417E109
BK	BANK OF NEW YORK MELLON CORP	71,000	$2,980	0.4%	$21.22	+50.8%	—	064058100
BAC	BANK OF AMERICA CORP	173,900	$2,960	0.4%	$10.57	+27.2%	—	060505104
—	CELGENE CORP	25,000	$2,893	0.4%	$115.72	—	—	151020104
MCK	MCKESSON CORP	12,600	$2,833	0.4%	$101.46	+92.8%	—	58155Q103
ABT	ABBOTT LABORATORIES	57,300	$2,812	0.4%	$28.85	+34.5%	—	002824100
ZBH	ZIMMER BIOMET HOLDINGS INC	22,900	$2,501	0.4%	$67.30	+36.7%	—	98956P102
—	NATIONAL OILWELL VARCO INC	49,700	$2,400	0.3%	$71.17	—	—	637071101
BEN	FRANKLIN RESOURCES INC	46,000	$2,255	0.3%	$32.15	-17.6%	—	354613101
BAX	BAXTER INTERNATIONAL INC	31,200	$2,182	0.3%	$30.40	+5.4%	—	071813109
—	HEALTH CARE REIT INC	31,953	$2,097	0.3%	$67.03	—	—	42217K106
A	AGILENT TECHNOLOGIES INC	53,900	$2,079	0.3%	$31.40	+10.9%	—	00846U101
—	ST JUDE MEDICAL INC	26,900	$1,966	0.3%	$45.64	—	—	790849103
PNC	PNC FINANCIAL SERVICES GROUP	19,700	$1,884	0.3%	$51.33	+31.9%	—	693475105
—	AMERICAN REALTY CAPITAL PROP	207,000	$1,683	0.2%	$9.05	—	—	02917T104
AMP	AMERIPRISE FINANCIAL INC	13,300	$1,662	0.2%	$59.57	+58.9%	—	03076C106
—	ASSOCIATED ESTATES REALTY CP	57,500	$1,646	0.2%	$16.59	—	—	045604105
—	MEADWESTVACO CORP	34,300	$1,619	0.2%	$34.11	—	—	583334107
—	NOBLE ENERGY INC	37,000	$1,579	0.2%	$60.04	—	—	655044105
DVN	DEVON ENERGY CORPORATION	23,900	$1,422	0.2%	$37.00	-14.8%	—	25179M103
—	COACH INC	39,400	$1,364	0.2%	$54.52	—	—	189754101
—	DCT INDUSTRIAL TRUST INC	40,025	$1,258	0.2%	$18.83	—	—	233153105
NUS	NU SKIN ENTERPRISES INC - A	25,700	$1,211	0.2%	$57.45	-47.0%	—	67018T105
MOS	MOSAIC CO/THE	22,600	$1,059	0.2%	$46.26	-27.5%	—	61945C103

Decreased Positions (3)

CPT CAMDEN PROPERTY TRUST 0.2%

Value ($000) $1,424 (-53.5%) Shares 19,269 (-53.3%) Est. Cost $41.27 Unrealized +22.1%

MAA MID-AMERICA APARTMENT COMM 0.5%

Value ($000) $3,520 (-8.8%) Shares 43,000 (-18.9%) Est. Cost $43.58 Unrealized +26.5%

PSA PUBLIC STORAGE 0.7%

Value ($000) $4,883 (+4.8%) Shares 23,074 (-8.7%) Est. Cost $97.16 Unrealized +39.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CPT	CAMDEN PROPERTY TRUST	19,269 (-53.3%)	$1,424 (-53.5%)	0.2%	$41.27	+22.1%	COMMON STOCK	133131102
MAA	MID-AMERICA APARTMENT COMM	43,000 (-18.9%)	$3,520 (-8.8%)	0.5%	$43.58	+26.5%	COMMON STOCK	59522J103
PSA	PUBLIC STORAGE	23,074 (-8.7%)	$4,883 (+4.8%)	0.7%	$97.16	+39.2%	COMMON STOCK	74460D109

Unchanged Positions (42)

— ACCENTURE PLC-CL A 1.5%

Value ($000) $10,033 Shares 113,350 Est. Cost $45.43 Unrealized —

WFC WELLS FARGO and CO 1.6%

Value ($000) $11,009 Shares 214,400 Est. Cost $27.89 Unrealized +47.3%

SPG SIMON PROPERTY GROUP INC 1.7%

Value ($000) $11,484 Shares 62,508 Est. Cost $87.97 Unrealized +23.6%

HST HOST HOTELS and RESORTS INC 0.3%

Value ($000) $2,387 Shares 150,998 Est. Cost $10.74 Unrealized +14.3%

GLPI GAMING AND LEISURE PROPERTIE 0.3%

Value ($000) $1,901 Shares 64,000 Est. Cost $29.35 Unrealized —

AVB AVALONBAY COMMUNITIES INC 0.7%

Value ($000) $4,636 Shares 26,520 Est. Cost $85.93 Unrealized +39.1%

RLJ RLJ LODGING TRUST 0.3%

Value ($000) $2,001 Shares 79,200 Est. Cost $23.24 Unrealized —

— DUPONT FABROS TECHNOLOGY 0.3%

Value ($000) $2,329 Shares 90,000 Est. Cost $32.68 Unrealized —

— HOSPITALITY PROPERTIES TRUST 0.3%

Value ($000) $2,339 Shares 91,434 Est. Cost $27.41 Unrealized —

ELS EQUITY LIFESTYLE PROPERTIES 0.4%

Value ($000) $2,811 Shares 48,000 Est. Cost $51.32 Unrealized —

EQR EQUITY RESIDENTIAL 0.5%

Value ($000) $3,520 Shares 46,856 Est. Cost $31.42 Unrealized +37.8%

— CHESAPEAKE LODGING TRUST 0.2%

Value ($000) $1,342 Shares 51,500 Est. Cost $22.49 Unrealized —

INN SUMMIT HOTEL PROPERTIES INC 0.3%

Value ($000) $1,762 Shares 151,000 Est. Cost $14.07 Unrealized —

— CYRUSONE INC 0.3%

Value ($000) $2,051 Shares 62,800 Est. Cost $29.44 Unrealized —

UDR UDR INC 0.4%

Value ($000) $2,823 Shares 81,867 Est. Cost $15.84 Unrealized +46.1%

— CHAMBERS STREET PROPERTIES 0.1%

Value ($000) $844 Shares 130,000 Est. Cost $7.95 Unrealized —

KIM KIMCO REALTY CORP 0.3%

Value ($000) $2,021 Shares 82,731 Est. Cost $12.61 Unrealized +14.9%

EPR EPR PROPERTIES 0.4%

Value ($000) $2,465 Shares 47,800 Est. Cost $51.02 Unrealized —

— LASALLE HOTEL PROPERTIES 0.1%

Value ($000) $556 Shares 19,600 Est. Cost $24.70 Unrealized —

SBRA SABRA HEALTH CARE REIT INC 0.2%

Value ($000) $1,238 Shares 53,400 Est. Cost $30.37 Unrealized —

SUI SUN COMMUNITIES INC 0.2%

Value ($000) $1,460 Shares 21,553 Est. Cost $48.11 Unrealized —

VNO VORNADO REALTY TRUST 0.4%

Value ($000) $2,511 Shares 27,765 Est. Cost $82.84 Unrealized —

BDN BRANDYWINE REALTY TRUST 0.2%

Value ($000) $1,483 Shares 120,400 Est. Cost $13.58 Unrealized —

SKT TANGER FACTORY OUTLET CENTER 0.4%

Value ($000) $2,967 Shares 90,000 Est. Cost $34.04 Unrealized —

— HCP INC 0.7%

Value ($000) $4,716 Shares 126,593 Est. Cost $41.99 Unrealized —

— HOME PROPERTIES INC 0.6%

Value ($000) $4,081 Shares 54,600 Est. Cost $61.92 Unrealized —

ARE ALEXANDRIA REAL ESTATE EQUIT 0.4%

Value ($000) $2,726 Shares 32,200 Est. Cost $45.03 Unrealized +38.2%

DLR DIGITAL REALTY TRUST INC 0.5%

Value ($000) $3,730 Shares 57,100 Est. Cost $37.62 Unrealized +19.6%

EGP EASTGROUP PROPERTIES INC 0.3%

Value ($000) $1,950 Shares 36,000 Est. Cost $58.30 Unrealized —

MAC MACERICH CO/THE 0.4%

Value ($000) $2,459 Shares 32,007 Est. Cost $60.58 Unrealized —

— DUKE REALTY CORP 0.4%

Value ($000) $2,706 Shares 142,024 Est. Cost $17.58 Unrealized —

— RETAIL OPPORTUNITY INVESTMEN 0.2%

Value ($000) $1,150 Shares 69,500 Est. Cost $13.90 Unrealized —

ESS ESSEX PROPERTY TRUST INC 0.2%

Value ($000) $1,117 Shares 5,000 Est. Cost $105.05 Unrealized +49.5%

— HEALTHCARE REALTY TRUST INC 0.1%

Value ($000) $688 Shares 27,682 Est. Cost $25.50 Unrealized —

BXP BOSTON PROPERTIES INC 0.3%

Value ($000) $1,944 Shares 16,417 Est. Cost $64.00 Unrealized +22.5%

— LIBERTY PROPERTY TRUST 0.3%

Value ($000) $1,862 Shares 59,096 Est. Cost $36.96 Unrealized —

ADC AGREE REALTY CORP 0.2%

Value ($000) $1,635 Shares 54,760 Est. Cost $29.67 Unrealized —

HIW HIGHWOODS PROPERTIES INC 0.2%

Value ($000) $1,194 Shares 30,802 Est. Cost $35.61 Unrealized —

— PHYSICIANS REALTY TRUST 0.2%

Value ($000) $1,222 Shares 81,000 Est. Cost $13.94 Unrealized —

— GENERAL GROWTH PROPERTIES 0.2%

Value ($000) $1,701 Shares 65,500 Est. Cost $19.86 Unrealized —

— WEINGARTEN REALTY INVESTORS 0.2%

Value ($000) $1,501 Shares 45,336 Est. Cost $30.78 Unrealized —

— SL GREEN REALTY CORP 0.1%

Value ($000) $965 Shares 8,923 Est. Cost $88.17 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ACCENTURE PLC-CL A	113,350	$10,033	1.5%	$45.43	—	COMMON STOCK	000000000
WFC	WELLS FARGO and CO	214,400	$11,009	1.6%	$27.89	+47.3%	COMMON STOCK	949746101
SPG	SIMON PROPERTY GROUP INC	62,508	$11,484	1.7%	$87.97	+23.6%	COMMON STOCK	828806109
HST	HOST HOTELS and RESORTS INC	150,998	$2,387	0.3%	$10.74	+14.3%	COMMON STOCK	44107P104
GLPI	GAMING AND LEISURE PROPERTIE	64,000	$1,901	0.3%	$29.35	—	COMMON STOCK	36467J108
AVB	AVALONBAY COMMUNITIES INC	26,520	$4,636	0.7%	$85.93	+39.1%	COMMON STOCK	053484101
RLJ	RLJ LODGING TRUST	79,200	$2,001	0.3%	$23.24	—	COMMON STOCK	74965L101
—	DUPONT FABROS TECHNOLOGY	90,000	$2,329	0.3%	$32.68	—	COMMON STOCK	26613Q106
—	HOSPITALITY PROPERTIES TRUST	91,434	$2,339	0.3%	$27.41	—	COMMON STOCK	44106M102
ELS	EQUITY LIFESTYLE PROPERTIES	48,000	$2,811	0.4%	$51.32	—	COMMON STOCK	29472R108
EQR	EQUITY RESIDENTIAL	46,856	$3,520	0.5%	$31.42	+37.8%	COMMON STOCK	29476L107
—	CHESAPEAKE LODGING TRUST	51,500	$1,342	0.2%	$22.49	—	COMMON STOCK	165240102
INN	SUMMIT HOTEL PROPERTIES INC	151,000	$1,762	0.3%	$14.07	—	COMMON STOCK	866082100
—	CYRUSONE INC	62,800	$2,051	0.3%	$29.44	—	COMMON STOCK	23283R100
UDR	UDR INC	81,867	$2,823	0.4%	$15.84	+46.1%	COMMON STOCK	902653104
—	CHAMBERS STREET PROPERTIES	130,000	$844	0.1%	$7.95	—	COMMON STOCK	157842105
KIM	KIMCO REALTY CORP	82,731	$2,021	0.3%	$12.61	+14.9%	COMMON STOCK	49446R109
EPR	EPR PROPERTIES	47,800	$2,465	0.4%	$51.02	—	COMMON STOCK	26884U109
—	LASALLE HOTEL PROPERTIES	19,600	$556	0.1%	$24.70	—	COMMON STOCK	517942108
SBRA	SABRA HEALTH CARE REIT INC	53,400	$1,238	0.2%	$30.37	—	COMMON STOCK	78573L106
SUI	SUN COMMUNITIES INC	21,553	$1,460	0.2%	$48.11	—	COMMON STOCK	866674104
VNO	VORNADO REALTY TRUST	27,765	$2,511	0.4%	$82.84	—	COMMON STOCK	929042109
BDN	BRANDYWINE REALTY TRUST	120,400	$1,483	0.2%	$13.58	—	COMMON STOCK	105368203
SKT	TANGER FACTORY OUTLET CENTER	90,000	$2,967	0.4%	$34.04	—	COMMON STOCK	875465106
—	HCP INC	126,593	$4,716	0.7%	$41.99	—	COMMON STOCK	40414L109
—	HOME PROPERTIES INC	54,600	$4,081	0.6%	$61.92	—	COMMON STOCK	437306103
ARE	ALEXANDRIA REAL ESTATE EQUIT	32,200	$2,726	0.4%	$45.03	+38.2%	COMMON STOCK	015271109
DLR	DIGITAL REALTY TRUST INC	57,100	$3,730	0.5%	$37.62	+19.6%	COMMON STOCK	253868103
EGP	EASTGROUP PROPERTIES INC	36,000	$1,950	0.3%	$58.30	—	COMMON STOCK	277276101
MAC	MACERICH CO/THE	32,007	$2,459	0.4%	$60.58	—	COMMON STOCK	554382101
—	DUKE REALTY CORP	142,024	$2,706	0.4%	$17.58	—	COMMON STOCK	264411505
—	RETAIL OPPORTUNITY INVESTMEN	69,500	$1,150	0.2%	$13.90	—	COMMON STOCK	76131N101
ESS	ESSEX PROPERTY TRUST INC	5,000	$1,117	0.2%	$105.05	+49.5%	COMMON STOCK	297178105
—	HEALTHCARE REALTY TRUST INC	27,682	$688	0.1%	$25.50	—	COMMON STOCK	421946104
BXP	BOSTON PROPERTIES INC	16,417	$1,944	0.3%	$64.00	+22.5%	COMMON STOCK	101121101
—	LIBERTY PROPERTY TRUST	59,096	$1,862	0.3%	$36.96	—	COMMON STOCK	531172104
ADC	AGREE REALTY CORP	54,760	$1,635	0.2%	$29.67	—	COMMON STOCK	008492100
HIW	HIGHWOODS PROPERTIES INC	30,802	$1,194	0.2%	$35.61	—	COMMON STOCK	431284108
—	PHYSICIANS REALTY TRUST	81,000	$1,222	0.2%	$13.94	—	COMMON STOCK	71943U104
—	GENERAL GROWTH PROPERTIES	65,500	$1,701	0.2%	$19.86	—	COMMON STOCK	370023103
—	WEINGARTEN REALTY INVESTORS	45,336	$1,501	0.2%	$30.78	—	COMMON STOCK	948741103
—	SL GREEN REALTY CORP	8,923	$965	0.1%	$88.17	—	COMMON STOCK	78440X101