Pensionfund PDN Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VZ	VERIZON COMMUNICATIONS INC	185,000	$10,005	1.3%	$30.04	0.0%	COMMON STOCK	92343V104
CSCO	CISCO SYSTEMS INC	260,000	$7,402	1.0%	$18.95	0.0%	COMMON STOCK	17275R102
BMY	BRISTOL-MYERS SQUIBB CO	95,000	$6,069	0.8%	$44.80	0.0%	COMMON STOCK	110122108
—	UNITED TECHNOLOGIES CORP	60,000	$6,006	0.8%	$100.10	—	COMMON STOCK	913017109
TXN	TEXAS INSTRUMENTS INC	85,000	$4,881	0.7%	$40.51	0.0%	COMMON STOCK	882508104
D	DOMINION RESOURCES INC/VA	59,000	$4,432	0.6%	$46.10	0.0%	COMMON STOCK	25746U109
—	AMERICAN ELECTRIC POWER	63,000	$4,183	0.6%	$66.40	—	COMMON STOCK	25537101
PPL	PPL CORP	105,000	$3,997	0.5%	$22.88	0.0%	COMMON STOCK	69351T106
EIX	EDISON INTERNATIONAL	55,000	$3,954	0.5%	$43.56	0.0%	COMMON STOCK	281020107
CAH	CARDINAL HEALTH INC	48,000	$3,934	0.5%	$61.18	0.0%	COMMON STOCK	14149Y108
PCG	P G and E CORP	65,000	$3,882	0.5%	$52.19	0.0%	COMMON STOCK	69331C108
WEC	WEC ENERGY GROUP INC	58,000	$3,484	0.5%	$40.72	0.0%	COMMON STOCK	92939U106
ES	EVERSOURCE ENERGY	58,000	$3,384	0.5%	$38.85	0.0%	COMMON STOCK	30040W108
DTE	DTE ENERGY COMPANY	37,000	$3,354	0.5%	$51.98	0.0%	COMMON STOCK	233331107
CLX	CLOROX COMPANY	26,000	$3,278	0.4%	$96.11	0.0%	COMMON STOCK	189054109
—	PATTERSON COS INC	70,000	$3,257	0.4%	$46.53	—	COMMON STOCK	703395103
—	AMEREN CORPORATION	65,000	$3,257	0.4%	$50.11	—	COMMON STOCK	23608102
—	AVERY DENNISON CORP	45,000	$3,245	0.4%	$72.11	—	COMMON STOCK	53611109
LEA	LEAR CORP	29,000	$3,224	0.4%	$88.18	0.0%	COMMON STOCK	521865204
EFX	EQUIFAX INC	28,000	$3,200	0.4%	$95.83	0.0%	COMMON STOCK	294429105
—	QUINTILES TRANSNATIONAL HOLD	49,000	$3,190	0.4%	$65.10	—	COMMON STOCK	74876Y101
—	SCANA CORP	45,000	$3,157	0.4%	$70.16	—	COMMON STOCK	80589M102
LUV	SOUTHWEST AIRLINES CO	70,000	$3,136	0.4%	$36.21	0.0%	COMMON STOCK	844741108
DAL	DELTA AIR LINES INC	64,000	$3,116	0.4%	$41.37	0.0%	COMMON STOCK	247361702
AJG	ARTHUR J GALLAGHER and CO	70,000	$3,114	0.4%	$33.74	0.0%	COMMON STOCK	363576109
CNC	CENTENE CORP	50,000	$3,079	0.4%	$29.85	0.0%	COMMON STOCK	15135B101
AYI	ACUITY BRANDS INC	14,000	$3,054	0.4%	$199.80	0.0%	COMMON STOCK	00508Y102
—	CITRIX SYSTEMS INC	38,000	$2,986	0.4%	$78.58	—	COMMON STOCK	177376100
BRX	BRIXMOR PROPERTY GROUP INC	111,000	$2,844	0.4%	$25.62	—	COMMON STOCK	11120U105
—	COUSINS PROPERTIES INC	236,000	$2,450	0.3%	$10.38	—	COMMON STOCK	222795106
AMH	AMERICAN HOMES 4 RENT- A	107,000	$1,701	0.2%	$15.90	—	COMMON STOCK	02665T306
—	MONOGRAM RESIDENTIAL TRUST I	154,000	$1,518	0.2%	$9.86	—	COMMON STOCK	60979P105
—	POST PROPERTIES INC	25,000	$1,494	0.2%	$59.76	—	COMMON STOCK	737464107
—	NEW SENIOR INVESTMENT GROUP	123,000	$1,267	0.2%	$10.30	—	COMMON STOCK	648691103
—	APARTMENT INVT and MGMT CO -A	30,000	$1,255	0.2%	$41.83	—	COMMON STOCK	03748R101
ESRT	EMPIRE STATE REALTY TRUST-A	66,000	$1,157	0.2%	$17.53	—	COMMON STOCK	292104106
—	TAUBMAN CENTERS INC	16,000	$1,140	0.2%	$71.25	—	COMMON STOCK	876664103
—	COLONY STARWOOD HOMES	38,000	$941	0.1%	$24.76	—	COMMON STOCK	19625X102
—	SILVER BAY REALTY TRUST CORP	60,000	$891	0.1%	$14.85	—	COMMON STOCK	82735Q102
KRC	KILROY REALTY CORP	13,000	$804	0.1%	$61.85	—	COMMON STOCK	49427F108

Increased Positions (55)

— ACCENTURE PLC-CL A 2.3%

Value ($000) $17,274 (+24.1%) Shares 207,850 (+10.4%) Est. Cost $59.24 Unrealized —

V VISA INC-CLASS A SHARES 1.0%

Value ($000) $7,686 (+41.6%) Shares 100,500 (+43.6%) Est. Cost $70.84 Unrealized -4.3%

PII POLARIS INDUSTRIES INC 0.5%

Value ($000) $3,949 (+91.4%) Shares 40,100 (+67.1%) Est. Cost $98.26 Unrealized -11.7%

AAPL APPLE INC 2.3%

Value ($000) $16,828 (+11.5%) Shares 154,400 (+7.7%) Est. Cost $20.87 Unrealized +8.0%

— PRICELINE GROUP INC/THE 0.7%

Value ($000) $5,349 (+44.7%) Shares 4,150 (+43.1%) Est. Cost $1117.03 Unrealized —

— CARE CAPITAL PROPERTIES INC 0.3%

Value ($000) $2,004 (+271.1%) Shares 74,670 (+322.6%) Est. Cost $28.28 Unrealized —

DKS DICK'S SPORTING GOODS INC 0.5%

Value ($000) $3,403 (+71.9%) Shares 72,800 (+30.0%) Est. Cost $31.61 Unrealized -2.2%

— NORDSTROM INC 0.5%

Value ($000) $3,404 (+70.9%) Shares 59,500 (+48.8%) Est. Cost $52.23 Unrealized —

ED CONSOLIDATED EDISON INC 0.5%

Value ($000) $3,586 (+64.1%) Shares 46,800 (+37.6%) Est. Cost $46.02 Unrealized +8.2%

PLD PROLOGIS INC 0.5%

Value ($000) $3,711 (+54.4%) Shares 84,000 (+50.0%) Est. Cost $29.27 Unrealized +3.1%

AFL AFLAC INC 0.5%

Value ($000) $3,675 (+45.4%) Shares 58,200 (+37.9%) Est. Cost $22.89 Unrealized +3.0%

— Gramercy Property Trust 0.3%

Value ($000) $2,096 (+108.8%) Shares 248,000 (+90.8%) Est. Cost $8.07 Unrealized —

PNW PINNACLE WEST CAPITAL 0.4%

Value ($000) $3,303 (+46.3%) Shares 44,000 (+25.7%) Est. Cost $43.53 Unrealized +6.7%

LNT ALLIANT ENERGY CORP 0.4%

Value ($000) $3,328 (+44.0%) Shares 44,800 (+21.1%) Est. Cost $22.34 Unrealized +10.7%

— BED BATH and BEYOND INC 0.5%

Value ($000) $3,376 (+39.9%) Shares 68,000 (+36.0%) Est. Cost $48.63 Unrealized —

GWW WW GRAINGER INC 0.5%

Value ($000) $3,595 (+36.5%) Shares 15,400 (+18.5%) Est. Cost $188.43 Unrealized -4.8%

— PEOPLE'S UNITED FINANCIAL 0.4%

Value ($000) $3,186 (+40.9%) Shares 200,000 (+42.9%) Est. Cost $16.08 Unrealized —

XEL XCEL ENERGY INC 0.5%

Value ($000) $3,597 (+33.6%) Shares 86,000 (+14.7%) Est. Cost $26.35 Unrealized +8.9%

CHRW C.H. ROBINSON WORLDWIDE INC 0.5%

Value ($000) $3,415 (+34.3%) Shares 46,000 (+12.2%) Est. Cost $53.05 Unrealized +2.4%

ESS ESSEX PROPERTY TRUST INC 0.3%

Value ($000) $2,058 (+71.9%) Shares 8,800 (+76.0%) Est. Cost $127.99 Unrealized +23.6%

— NORTHSTAR REALTY FINANCE 0.2%

Value ($000) $1,364 (+166.9%) Shares 104,000 (+246.7%) Est. Cost $14.25 Unrealized —

WELL WELLTOWER INC 0.5%

Value ($000) $3,464 (+30.7%) Shares 49,953 (+28.2%) Est. Cost $44.65 Unrealized -0.6%

ROK ROCKWELL AUTOMATION INC 0.5%

Value ($000) $3,674 (+27.9%) Shares 32,300 (+15.4%) Est. Cost $85.80 Unrealized -2.1%

AAP ADVANCE AUTO PARTS INC 0.4%

Value ($000) $3,207 (+33.2%) Shares 20,000 (+25.0%) Est. Cost $147.98 Unrealized -11.0%

DUK DUKE ENERGY CORP 0.6%

Value ($000) $4,639 (+20.3%) Shares 57,500 (+6.5%) Est. Cost $46.61 Unrealized +8.3%

BDX BECTON DICKINSON AND CO 0.5%

Value ($000) $3,856 (+25.1%) Shares 25,400 (+27.0%) Est. Cost $119.87 Unrealized +2.0%

— GENERAL GROWTH PROPERTIES 0.3%

Value ($000) $2,542 (+42.6%) Shares 85,500 (+30.5%) Est. Cost $22.17 Unrealized —

FFIV F5 NETWORKS INC 0.4%

Value ($000) $3,260 (+29.3%) Shares 30,800 (+18.5%) Est. Cost $106.19 Unrealized -9.8%

DVA DAVITA HEALTHCARE PARTNERS I 0.5%

Value ($000) $3,361 (+26.9%) Shares 45,800 (+20.5%) Est. Cost $75.83 Unrealized -10.9%

MA MASTERCARD INC-CLASS A 0.8%

Value ($000) $6,048 (+12.9%) Shares 64,000 (+16.4%) Est. Cost $89.14 Unrealized -6.4%

GOOGL ALPHABET INC-CL A 1.3%

Value ($000) $9,315 (+7.8%) Shares 12,210 (+9.9%) Est. Cost $32.37 Unrealized +12.9%

VFC VF CORP 0.5%

Value ($000) $3,491 (+22.2%) Shares 53,900 (+17.4%) Est. Cost $53.88 Unrealized +7.8%

— SL GREEN REALTY CORP 0.2%

Value ($000) $1,640 (+62.7%) Shares 16,923 (+89.7%) Est. Cost $92.30 Unrealized —

— TORCHMARK CORP 0.4%

Value ($000) $2,914 (+27.5%) Shares 53,800 (+34.5%) Est. Cost $56.38 Unrealized —

ORLY O'REILLY AUTOMOTIVE INC 0.5%

Value ($000) $3,640 (+19.7%) Shares 13,300 (+10.8%) Est. Cost $17.32 Unrealized -1.4%

EXPD EXPEDITORS INTL WASH INC 0.4%

Value ($000) $3,182 (+21.6%) Shares 65,200 (+12.4%) Est. Cost $42.31 Unrealized -4.5%

DIS WALT DISNEY CO/THE 1.1%

Value ($000) $7,875 (+7.2%) Shares 79,300 (+13.4%) Est. Cost $69.31 Unrealized +28.4%

— WABCO HOLDINGS INC 0.5%

Value ($000) $3,475 (+17.2%) Shares 32,500 (+12.1%) Est. Cost $105.05 Unrealized —

COST COSTCO WHOLESALE CORP 0.7%

Value ($000) $4,916 (+11.1%) Shares 31,200 (+13.9%) Est. Cost $99.53 Unrealized +28.3%

UNP UNION PACIFIC CORP 0.7%

Value ($000) $5,163 (+10.2%) Shares 64,900 (+8.3%) Est. Cost $67.67 Unrealized -8.4%

HRL HORMEL FOODS CORP 0.4%

Value ($000) $3,286 (-12.5%) Shares 76,000 (+60.0%) Est. Cost $26.90 Unrealized +21.8%

— CR BARD INC 0.5%

Value ($000) $3,486 (+15.0%) Shares 17,200 (+7.5%) Est. Cost $190.36 Unrealized —

— EMC CORP/MA 0.6%

Value ($000) $4,520 (+11.0%) Shares 169,600 (+6.9%) Est. Cost $25.06 Unrealized —

SWKS SKYWORKS SOLUTIONS INC 0.5%

Value ($000) $3,622 (+12.2%) Shares 46,500 (+10.7%) Est. Cost $63.97 Unrealized -13.7%

— CERNER CORP 0.4%

Value ($000) $3,008 (+13.6%) Shares 56,800 (+29.1%) Est. Cost $58.38 Unrealized —

STAG STAG INDUSTRIAL INC 0.3%

Value ($000) $2,046 (+12.6%) Shares 100,500 (+2.0%) Est. Cost $19.62 Unrealized —

CTAS CINTAS CORP 0.4%

Value ($000) $3,134 (+7.5%) Shares 34,900 (+9.1%) Est. Cost $20.40 Unrealized -5.0%

BF/B BROWN-FORMAN CORP-CLASS B 0.4%

Value ($000) $3,072 (+6.7%) Shares 31,200 (+7.6%) Est. Cost $33.80 Unrealized -4.2%

RHI ROBERT HALF INTL INC 0.4%

Value ($000) $3,018 (+6.7%) Shares 64,800 (+8.0%) Est. Cost $52.93 Unrealized -20.9%

INTC INTEL CORP 1.0%

Value ($000) $7,644 (-2.3%) Shares 236,300 (+4.1%) Est. Cost $19.31 Unrealized +26.3%

— FOOT LOCKER INC 0.4%

Value ($000) $2,780 (+6.8%) Shares 43,100 (+7.8%) Est. Cost $65.06 Unrealized —

— HCP INC 0.6%

Value ($000) $4,678 (-3.4%) Shares 143,593 (+13.4%) Est. Cost $40.87 Unrealized —

NKE NIKE INC -CL B 0.7%

Value ($000) $5,237 (+2.2%) Shares 85,200 (+3.9%) Est. Cost $53.13 Unrealized +0.1%

GOOG ALPHABET INC-CL C 1.1%

Value ($000) $8,418 (+0.8%) Shares 11,300 (+2.7%) Est. Cost $30.63 Unrealized +16.1%

— CIGNA CORP 0.5%

Value ($000) $3,884 (-1.7%) Shares 28,300 (+4.8%) Est. Cost $135.14 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ACCENTURE PLC-CL A	207,850 (+10.4%)	$17,274 (+24.1%)	2.3%	$59.24	—	COMMON STOCK	000000000
V	VISA INC-CLASS A SHARES	100,500 (+43.6%)	$7,686 (+41.6%)	1.0%	$70.84	-4.3%	COMMON STOCK	92826C839
PII	POLARIS INDUSTRIES INC	40,100 (+67.1%)	$3,949 (+91.4%)	0.5%	$98.26	-11.7%	COMMON STOCK	731068102
AAPL	APPLE INC	154,400 (+7.7%)	$16,828 (+11.5%)	2.3%	$20.87	+8.0%	COMMON STOCK	037833100
—	PRICELINE GROUP INC/THE	4,150 (+43.1%)	$5,349 (+44.7%)	0.7%	$1117.03	—	COMMON STOCK	741503403
—	CARE CAPITAL PROPERTIES INC	74,670 (+322.6%)	$2,004 (+271.1%)	0.3%	$28.28	—	COMMON STOCK	141624106
DKS	DICK'S SPORTING GOODS INC	72,800 (+30.0%)	$3,403 (+71.9%)	0.5%	$31.61	-2.2%	COMMON STOCK	253393102
—	NORDSTROM INC	59,500 (+48.8%)	$3,404 (+70.9%)	0.5%	$52.23	—	COMMON STOCK	655664100
ED	CONSOLIDATED EDISON INC	46,800 (+37.6%)	$3,586 (+64.1%)	0.5%	$46.02	+8.2%	COMMON STOCK	209115104
PLD	PROLOGIS INC	84,000 (+50.0%)	$3,711 (+54.4%)	0.5%	$29.27	+3.1%	COMMON STOCK	74340W103
AFL	AFLAC INC	58,200 (+37.9%)	$3,675 (+45.4%)	0.5%	$22.89	+3.0%	COMMON STOCK	001055102
—	Gramercy Property Trust	248,000 (+90.8%)	$2,096 (+108.8%)	0.3%	$8.07	—	COMMON STOCK	385002100
PNW	PINNACLE WEST CAPITAL	44,000 (+25.7%)	$3,303 (+46.3%)	0.4%	$43.53	+6.7%	COMMON STOCK	723484101
LNT	ALLIANT ENERGY CORP	44,800 (+21.1%)	$3,328 (+44.0%)	0.4%	$22.34	+10.7%	COMMON STOCK	018802108
—	BED BATH and BEYOND INC	68,000 (+36.0%)	$3,376 (+39.9%)	0.5%	$48.63	—	COMMON STOCK	075896100
GWW	WW GRAINGER INC	15,400 (+18.5%)	$3,595 (+36.5%)	0.5%	$188.43	-4.8%	COMMON STOCK	384802104
—	PEOPLE'S UNITED FINANCIAL	200,000 (+42.9%)	$3,186 (+40.9%)	0.4%	$16.08	—	COMMON STOCK	712704105
XEL	XCEL ENERGY INC	86,000 (+14.7%)	$3,597 (+33.6%)	0.5%	$26.35	+8.9%	COMMON STOCK	98389B100
CHRW	C.H. ROBINSON WORLDWIDE INC	46,000 (+12.2%)	$3,415 (+34.3%)	0.5%	$53.05	+2.4%	COMMON STOCK	12541W209
ESS	ESSEX PROPERTY TRUST INC	8,800 (+76.0%)	$2,058 (+71.9%)	0.3%	$127.99	+23.6%	COMMON STOCK	297178105
—	NORTHSTAR REALTY FINANCE	104,000 (+246.7%)	$1,364 (+166.9%)	0.2%	$14.25	—	COMMON STOCK	66704R803
WELL	WELLTOWER INC	49,953 (+28.2%)	$3,464 (+30.7%)	0.5%	$44.65	-0.6%	COMMON STOCK	95040Q104
ROK	ROCKWELL AUTOMATION INC	32,300 (+15.4%)	$3,674 (+27.9%)	0.5%	$85.80	-2.1%	COMMON STOCK	773903109
AAP	ADVANCE AUTO PARTS INC	20,000 (+25.0%)	$3,207 (+33.2%)	0.4%	$147.98	-11.0%	COMMON STOCK	00751Y106
DUK	DUKE ENERGY CORP	57,500 (+6.5%)	$4,639 (+20.3%)	0.6%	$46.61	+8.3%	COMMON STOCK	26441C204
BDX	BECTON DICKINSON AND CO	25,400 (+27.0%)	$3,856 (+25.1%)	0.5%	$119.87	+2.0%	COMMON STOCK	075887109
—	GENERAL GROWTH PROPERTIES	85,500 (+30.5%)	$2,542 (+42.6%)	0.3%	$22.17	—	COMMON STOCK	370023103
FFIV	F5 NETWORKS INC	30,800 (+18.5%)	$3,260 (+29.3%)	0.4%	$106.19	-9.8%	COMMON STOCK	315616102
DVA	DAVITA HEALTHCARE PARTNERS I	45,800 (+20.5%)	$3,361 (+26.9%)	0.5%	$75.83	-10.9%	COMMON STOCK	23918K108
MA	MASTERCARD INC-CLASS A	64,000 (+16.4%)	$6,048 (+12.9%)	0.8%	$89.14	-6.4%	COMMON STOCK	57636Q104
GOOGL	ALPHABET INC-CL A	12,210 (+9.9%)	$9,315 (+7.8%)	1.3%	$32.37	+12.9%	COMMON STOCK	02079K305
VFC	VF CORP	53,900 (+17.4%)	$3,491 (+22.2%)	0.5%	$53.88	+7.8%	COMMON STOCK	918204108
—	SL GREEN REALTY CORP	16,923 (+89.7%)	$1,640 (+62.7%)	0.2%	$92.30	—	COMMON STOCK	78440X101
—	TORCHMARK CORP	53,800 (+34.5%)	$2,914 (+27.5%)	0.4%	$56.38	—	COMMON STOCK	891027104
ORLY	O'REILLY AUTOMOTIVE INC	13,300 (+10.8%)	$3,640 (+19.7%)	0.5%	$17.32	-1.4%	COMMON STOCK	67103H107
EXPD	EXPEDITORS INTL WASH INC	65,200 (+12.4%)	$3,182 (+21.6%)	0.4%	$42.31	-4.5%	COMMON STOCK	302130109
DIS	WALT DISNEY CO/THE	79,300 (+13.4%)	$7,875 (+7.2%)	1.1%	$69.31	+28.4%	COMMON STOCK	254687106
—	WABCO HOLDINGS INC	32,500 (+12.1%)	$3,475 (+17.2%)	0.5%	$105.05	—	COMMON STOCK	92927K102
COST	COSTCO WHOLESALE CORP	31,200 (+13.9%)	$4,916 (+11.1%)	0.7%	$99.53	+28.3%	COMMON STOCK	22160K105
UNP	UNION PACIFIC CORP	64,900 (+8.3%)	$5,163 (+10.2%)	0.7%	$67.67	-8.4%	COMMON STOCK	907818108
HRL	HORMEL FOODS CORP	76,000 (+60.0%)	$3,286 (-12.5%)	0.4%	$26.90	+21.8%	COMMON STOCK	440452100
—	CR BARD INC	17,200 (+7.5%)	$3,486 (+15.0%)	0.5%	$190.36	—	COMMON STOCK	067383109
—	EMC CORP/MA	169,600 (+6.9%)	$4,520 (+11.0%)	0.6%	$25.06	—	COMMON STOCK	268648102
SWKS	SKYWORKS SOLUTIONS INC	46,500 (+10.7%)	$3,622 (+12.2%)	0.5%	$63.97	-13.7%	COMMON STOCK	83088M102
—	CERNER CORP	56,800 (+29.1%)	$3,008 (+13.6%)	0.4%	$58.38	—	COMMON STOCK	156782104
STAG	STAG INDUSTRIAL INC	100,500 (+2.0%)	$2,046 (+12.6%)	0.3%	$19.62	—	COMMON STOCK	85254J102
CTAS	CINTAS CORP	34,900 (+9.1%)	$3,134 (+7.5%)	0.4%	$20.40	-5.0%	COMMON STOCK	172908105
BF/B	BROWN-FORMAN CORP-CLASS B	31,200 (+7.6%)	$3,072 (+6.7%)	0.4%	$33.80	-4.2%	COMMON STOCK	115637209
RHI	ROBERT HALF INTL INC	64,800 (+8.0%)	$3,018 (+6.7%)	0.4%	$52.93	-20.9%	COMMON STOCK	770323103
INTC	INTEL CORP	236,300 (+4.1%)	$7,644 (-2.3%)	1.0%	$19.31	+26.3%	COMMON STOCK	458140100
—	FOOT LOCKER INC	43,100 (+7.8%)	$2,780 (+6.8%)	0.4%	$65.06	—	COMMON STOCK	344849104
—	HCP INC	143,593 (+13.4%)	$4,678 (-3.4%)	0.6%	$40.87	—	COMMON STOCK	40414L109
NKE	NIKE INC -CL B	85,200 (+3.9%)	$5,237 (+2.2%)	0.7%	$53.13	+0.1%	COMMON STOCK	654106103
GOOG	ALPHABET INC-CL C	11,300 (+2.7%)	$8,418 (+0.8%)	1.1%	$30.63	+16.1%	COMMON STOCK	02079K107
—	CIGNA CORP	28,300 (+4.8%)	$3,884 (-1.7%)	0.5%	$135.14	—	COMMON STOCK	125509109

Exited Positions (35)

KO COCA-COLA CO/THE 1.1%

Value ($000) $8,291 Shares 193,000 Est. Cost $29.08 Unrealized +9.5%

PEP PEPSICO INC 1.1%

Value ($000) $7,874 Shares 78,800 Est. Cost $57.91 Unrealized +26.5%

IBM INTL BUSINESS MACHINES CORP 1.0%

Value ($000) $7,101 Shares 51,600 Est. Cost $113.66 Unrealized -26.0%

AMGN AMGEN INC 0.9%

Value ($000) $6,818 Shares 42,000 Est. Cost $116.50 Unrealized -4.9%

MCD MCDONALD'S CORP 0.8%

Value ($000) $6,273 Shares 53,100 Est. Cost $72.30 Unrealized +30.0%

— DU PONT (E.I.) DE NEMOURS 0.7%

Value ($000) $5,514 Shares 82,800 Est. Cost $61.48 Unrealized —

— EXPRESS SCRIPTS HOLDING CO 0.7%

Value ($000) $5,245 Shares 60,000 Est. Cost $80.97 Unrealized —

GIS GENERAL MILLS INC 0.7%

Value ($000) $5,039 Shares 87,400 Est. Cost $33.55 Unrealized +22.8%

KMB KIMBERLY-CLARK CORP 0.6%

Value ($000) $4,685 Shares 36,800 Est. Cost $65.09 Unrealized +42.5%

MCO MOODY'S CORP 0.6%

Value ($000) $4,616 Shares 46,000 Est. Cost $95.89 Unrealized -14.9%

— MONSANTO CO 0.6%

Value ($000) $4,502 Shares 45,700 Est. Cost $97.32 Unrealized —

— CAMPUS CREST COMMUNITIES INC 0.5%

Value ($000) $4,083 Shares 600,419 Est. Cost $6.42 Unrealized —

IFF INTL FLAVORS and FRAGRANCES 0.5%

Value ($000) $4,068 Shares 34,000 Est. Cost $85.78 Unrealized +2.3%

WM WASTE MANAGEMENT INC 0.5%

Value ($000) $3,800 Shares 71,200 Est. Cost $34.99 Unrealized +31.4%

— MEAD JOHNSON NUTRITION CO 0.5%

Value ($000) $3,553 Shares 45,000 Est. Cost $85.76 Unrealized —

— COACH INC 0.5%

Value ($000) $3,466 Shares 105,900 Est. Cost $31.08 Unrealized —

AMAT APPLIED MATERIALS INC 0.5%

Value ($000) $3,424 Shares 183,400 Est. Cost $13.66 Unrealized +19.1%

— BIOMED REALTY TRUST INC 0.4%

Value ($000) $3,281 Shares 138,500 Est. Cost $20.38 Unrealized —

FAST FASTENAL CO 0.4%

Value ($000) $3,102 Shares 76,000 Est. Cost $7.53 Unrealized +11.3%

AWK AMERICAN WATER WORKS CO INC 0.4%

Value ($000) $2,988 Shares 50,000 Est. Cost $42.73 Unrealized +26.0%

TDC TERADATA CORP 0.4%

Value ($000) $2,959 Shares 112,000 Est. Cost $28.21 Unrealized -12.3%

RSG REPUBLIC SERVICES INC 0.4%

Value ($000) $2,947 Shares 67,000 Est. Cost $36.64 Unrealized +4.7%

HRB HandR BLOCK INC 0.4%

Value ($000) $2,865 Shares 86,000 Est. Cost $24.16 Unrealized -11.2%

SJM JM SMUCKER CO/THE 0.4%

Value ($000) $2,837 Shares 23,000 Est. Cost $81.72 Unrealized +14.4%

CMI CUMMINS INC 0.4%

Value ($000) $2,816 Shares 32,000 Est. Cost $92.93 Unrealized -20.2%

— FLIR SYSTEMS INC 0.4%

Value ($000) $2,807 Shares 100,000 Est. Cost $27.99 Unrealized —

— INLAND REAL ESTATE CORP 0.4%

Value ($000) $2,788 Shares 262,500 Est. Cost $9.85 Unrealized —

SNPS SYNOPSYS INC 0.4%

Value ($000) $2,737 Shares 60,000 Est. Cost $49.10 Unrealized -10.1%

RL RALPH LAUREN CORP 0.4%

Value ($000) $2,676 Shares 24,000 Est. Cost $96.59 Unrealized -16.9%

WAB WABTEC CORP 0.3%

Value ($000) $2,418 Shares 34,000 Est. Cost $75.32 Unrealized -13.1%

GAP GAP INC/THE 0.3%

Value ($000) $2,347 Shares 95,000 Est. Cost $23.79 Unrealized -22.3%

AMP AMERIPRISE FINANCIAL INC 0.3%

Value ($000) $2,235 Shares 21,000 Est. Cost $90.21 Unrealized -19.2%

— NEW YORK COMMUNITY BANCORP 0.3%

Value ($000) $1,958 Shares 120,000 Est. Cost $16.32 Unrealized —

ELS EQUITY LIFESTYLE PROPERTIES 0.1%

Value ($000) $1,100 Shares 16,500 Est. Cost $51.32 Unrealized —

SUI SUN COMMUNITIES INC 0.1%

Value ($000) $860 Shares 12,553 Est. Cost $48.11 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KO	COCA-COLA CO/THE	193,000	$8,291	1.1%	$29.08	+9.5%	—	191216100
PEP	PEPSICO INC	78,800	$7,874	1.1%	$57.91	+26.5%	—	713448108
IBM	INTL BUSINESS MACHINES CORP	51,600	$7,101	1.0%	$113.66	-26.0%	—	459200101
AMGN	AMGEN INC	42,000	$6,818	0.9%	$116.50	-4.9%	—	031162100
MCD	MCDONALD'S CORP	53,100	$6,273	0.8%	$72.30	+30.0%	—	580135101
—	DU PONT (E.I.) DE NEMOURS	82,800	$5,514	0.7%	$61.48	—	—	263534109
—	EXPRESS SCRIPTS HOLDING CO	60,000	$5,245	0.7%	$80.97	—	—	30219G108
GIS	GENERAL MILLS INC	87,400	$5,039	0.7%	$33.55	+22.8%	—	370334104
KMB	KIMBERLY-CLARK CORP	36,800	$4,685	0.6%	$65.09	+42.5%	—	494368103
MCO	MOODY'S CORP	46,000	$4,616	0.6%	$95.89	-14.9%	—	615369105
—	MONSANTO CO	45,700	$4,502	0.6%	$97.32	—	—	61166W101
—	CAMPUS CREST COMMUNITIES INC	600,419	$4,083	0.5%	$6.42	—	—	13466Y105
IFF	INTL FLAVORS and FRAGRANCES	34,000	$4,068	0.5%	$85.78	+2.3%	—	459506101
WM	WASTE MANAGEMENT INC	71,200	$3,800	0.5%	$34.99	+31.4%	—	94106L109
—	MEAD JOHNSON NUTRITION CO	45,000	$3,553	0.5%	$85.76	—	—	582839106
—	COACH INC	105,900	$3,466	0.5%	$31.08	—	—	189754104
AMAT	APPLIED MATERIALS INC	183,400	$3,424	0.5%	$13.66	+19.1%	—	038222105
—	BIOMED REALTY TRUST INC	138,500	$3,281	0.4%	$20.38	—	—	09063H107
FAST	FASTENAL CO	76,000	$3,102	0.4%	$7.53	+11.3%	—	311900104
AWK	AMERICAN WATER WORKS CO INC	50,000	$2,988	0.4%	$42.73	+26.0%	—	030420103
TDC	TERADATA CORP	112,000	$2,959	0.4%	$28.21	-12.3%	—	88076W103
RSG	REPUBLIC SERVICES INC	67,000	$2,947	0.4%	$36.64	+4.7%	—	760759100
HRB	HandR BLOCK INC	86,000	$2,865	0.4%	$24.16	-11.2%	—	093671105
SJM	JM SMUCKER CO/THE	23,000	$2,837	0.4%	$81.72	+14.4%	—	832696405
CMI	CUMMINS INC	32,000	$2,816	0.4%	$92.93	-20.2%	—	231021106
—	FLIR SYSTEMS INC	100,000	$2,807	0.4%	$27.99	—	—	302445101
—	INLAND REAL ESTATE CORP	262,500	$2,788	0.4%	$9.85	—	—	457461200
SNPS	SYNOPSYS INC	60,000	$2,737	0.4%	$49.10	-10.1%	—	871607107
RL	RALPH LAUREN CORP	24,000	$2,676	0.4%	$96.59	-16.9%	—	751212101
WAB	WABTEC CORP	34,000	$2,418	0.3%	$75.32	-13.1%	—	929740108
GAP	GAP INC/THE	95,000	$2,347	0.3%	$23.79	-22.3%	—	364760108
AMP	AMERIPRISE FINANCIAL INC	21,000	$2,235	0.3%	$90.21	-19.2%	—	03076C106
—	NEW YORK COMMUNITY BANCORP	120,000	$1,958	0.3%	$16.32	—	—	649445103
ELS	EQUITY LIFESTYLE PROPERTIES	16,500	$1,100	0.1%	$51.32	—	—	29472R108
SUI	SUN COMMUNITIES INC	12,553	$860	0.1%	$48.11	—	—	866674104

Decreased Positions (59)

— AMERICAN CAMPUS COMMUNITIES 0.1%

Value ($000) $1,012 (-69.4%) Shares 21,500 (-73.1%) Est. Cost $37.00 Unrealized —

— DUPONT FABROS TECHNOLOGY 0.1%

Value ($000) $567 (-80.2%) Shares 14,000 (-84.4%) Est. Cost $32.68 Unrealized —

MAA MID-AMERICA APARTMENT COMM 0.2%

Value ($000) $1,768 (-54.7%) Shares 17,300 (-59.8%) Est. Cost $43.58 Unrealized +51.5%

UTHR UNITED THERAPEUTICS CORP 0.3%

Value ($000) $2,563 (-41.6%) Shares 23,000 (-17.9%) Est. Cost $155.10 Unrealized -18.4%

WFC WELLS FARGO and CO 1.3%

Value ($000) $9,982 (-14.4%) Shares 206,400 (-3.7%) Est. Cost $27.89 Unrealized +33.0%

SEIC SEI INVESTMENTS COMPANY 0.4%

Value ($000) $3,186 (-33.9%) Shares 74,000 (-19.6%) Est. Cost $44.79 Unrealized -19.0%

DLR DIGITAL REALTY TRUST INC 0.4%

Value ($000) $2,796 (-35.2%) Shares 31,600 (-44.7%) Est. Cost $37.62 Unrealized +52.4%

— CYRUSONE INC 0.1%

Value ($000) $904 (-61.6%) Shares 19,800 (-68.5%) Est. Cost $29.44 Unrealized —

BIIB BIOGEN INC 0.6%

Value ($000) $4,556 (-22.1%) Shares 17,500 (-8.4%) Est. Cost $230.33 Unrealized +14.7%

TROW T ROWE PRICE GROUP INC 0.5%

Value ($000) $3,416 (-26.5%) Shares 46,500 (-28.5%) Est. Cost $50.99 Unrealized -4.9%

VTR VENTAS INC 0.7%

Value ($000) $4,922 (-18.6%) Shares 78,182 (-27.1%) Est. Cost $44.48 Unrealized -17.6%

— DCT INDUSTRIAL TRUST INC 0.1%

Value ($000) $475 (-68.2%) Shares 12,025 (-70.0%) Est. Cost $33.65 Unrealized —

UDR UDR INC 0.3%

Value ($000) $2,056 (-33.2%) Shares 53,367 (-34.8%) Est. Cost $15.84 Unrealized +59.2%

GILD GILEAD SCIENCES INC 0.9%

Value ($000) $6,991 (-12.7%) Shares 76,100 (-3.8%) Est. Cost $65.39 Unrealized -2.9%

— PHYSICIANS REALTY TRUST 0.1%

Value ($000) $427 (-68.7%) Shares 23,000 (-71.6%) Est. Cost $13.94 Unrealized —

— DR PEPPER SNAPPLE GROUP INC 0.4%

Value ($000) $3,085 (-23.0%) Shares 34,500 (-19.8%) Est. Cost $93.21 Unrealized —

ROST ROSS STORES INC 0.5%

Value ($000) $3,584 (-20.1%) Shares 61,900 (-25.8%) Est. Cost $38.23 Unrealized +31.7%

— RETAIL OPPORTUNITY INVESTMEN 0.0%

Value ($000) $352 (-71.7%) Shares 17,500 (-74.8%) Est. Cost $13.90 Unrealized —

ADC AGREE REALTY CORP 0.1%

Value ($000) $972 (-47.8%) Shares 25,260 (-53.9%) Est. Cost $29.67 Unrealized —

LOW LOWE'S COS INC 0.7%

Value ($000) $5,151 (-14.3%) Shares 68,000 (-13.9%) Est. Cost $56.94 Unrealized +3.4%

— MCGRAW HILL FINANCIAL INC 0.5%

Value ($000) $4,009 (-17.0%) Shares 40,500 (-17.3%) Est. Cost $86.51 Unrealized —

NEE NEXTERA ENERGY INC 0.6%

Value ($000) $4,450 (-15.0%) Shares 37,600 (-25.4%) Est. Cost $14.90 Unrealized +46.4%

EPR EPR PROPERTIES 0.3%

Value ($000) $2,019 (-27.7%) Shares 30,300 (-36.6%) Est. Cost $51.02 Unrealized —

— SENIOR HOUSING PROP TRUST 0.5%

Value ($000) $3,633 (-17.3%) Shares 203,100 (-31.4%) Est. Cost $19.32 Unrealized —

ORCL ORACLE CORP 1.0%

Value ($000) $7,478 (-8.2%) Shares 182,800 (-18.0%) Est. Cost $28.34 Unrealized +12.7%

HD HOME DEPOT INC 1.1%

Value ($000) $8,273 (-7.3%) Shares 62,000 (-8.1%) Est. Cost $62.49 Unrealized +57.4%

ITW ILLINOIS TOOL WORKS 0.5%

Value ($000) $4,046 (-12.7%) Shares 39,500 (-21.0%) Est. Cost $68.35 Unrealized +7.2%

KIM KIMCO REALTY CORP 0.2%

Value ($000) $1,661 (-24.1%) Shares 57,731 (-30.2%) Est. Cost $12.61 Unrealized +31.7%

SBUX STARBUCKS CORP 0.7%

Value ($000) $5,409 (-8.6%) Shares 90,600 (-8.1%) Est. Cost $33.68 Unrealized +40.8%

T ATandT INC 1.4%

Value ($000) $10,380 (+5.1%) Shares 265,000 (-7.7%) Est. Cost $12.32 Unrealized +12.3%

— DUKE REALTY CORP 0.3%

Value ($000) $1,916 (-20.8%) Shares 85,024 (-26.1%) Est. Cost $17.58 Unrealized —

MRSH MARSH and MCLENNAN COS 0.6%

Value ($000) $4,115 (-10.3%) Shares 67,700 (-18.1%) Est. Cost $47.89 Unrealized -1.0%

— HEALTHCARE REALTY TRUST INC 0.0%

Value ($000) $330 (-57.9%) Shares 10,682 (-61.4%) Est. Cost $25.50 Unrealized —

WAT WATERS CORP 0.4%

Value ($000) $3,324 (-11.8%) Shares 25,200 (-10.0%) Est. Cost $127.49 Unrealized -2.2%

— INTERPUBLIC GROUP OF COS INC 0.4%

Value ($000) $3,006 (-12.2%) Shares 131,000 (-10.9%) Est. Cost $15.38 Unrealized -3.2%

AVB AVALONBAY COMMUNITIES INC 0.6%

Value ($000) $4,474 (-8.4%) Shares 23,520 (-11.3%) Est. Cost $85.93 Unrealized +47.0%

MMM 3M CO 0.8%

Value ($000) $6,265 (+5.8%) Shares 37,600 (-4.3%) Est. Cost $71.80 Unrealized +29.2%

EL ESTEE LAUDER COMPANIES-CL A 0.5%

Value ($000) $3,650 (-8.3%) Shares 38,700 (-14.4%) Est. Cost $60.36 Unrealized +30.2%

— KELLOGG CO 0.5%

Value ($000) $3,399 (-8.5%) Shares 44,400 (-13.6%) Est. Cost $39.93 Unrealized +21.9%

PPG PPG INDUSTRIES INC 0.5%

Value ($000) $4,014 (+6.9%) Shares 36,000 (-5.3%) Est. Cost $84.32 Unrealized -2.6%

SRE SEMPRA ENERGY 0.5%

Value ($000) $3,631 (+7.3%) Shares 34,900 (-3.1%) Est. Cost $35.84 Unrealized -1.7%

SBRA SABRA HEALTH CARE REIT INC 0.4%

Value ($000) $2,620 (-8.4%) Shares 130,400 (-7.8%) Est. Cost $24.06 Unrealized —

DHR DANAHER CORP 0.6%

Value ($000) $4,790 (-4.5%) Shares 50,500 (-6.5%) Est. Cost $36.01 Unrealized +1.2%

— SELECT INCOME REIT 0.5%

Value ($000) $3,453 (+7.0%) Shares 149,800 (-8.0%) Est. Cost $26.33 Unrealized —

MO ALTRIA GROUP INC 0.9%

Value ($000) $6,579 (+3.2%) Shares 105,000 (-4.1%) Est. Cost $19.82 Unrealized +56.8%

SKT TANGER FACTORY OUTLET CENTER 0.4%

Value ($000) $3,239 (-5.7%) Shares 89,000 (-15.2%) Est. Cost $33.85 Unrealized —

MTD METTLER-TOLEDO INTERNATIONAL 0.4%

Value ($000) $3,241 (-4.4%) Shares 9,400 (-6.0%) Est. Cost $316.01 Unrealized +1.8%

OMC OMNICOM GROUP 0.5%

Value ($000) $3,662 (-3.2%) Shares 44,000 (-12.0%) Est. Cost $52.01 Unrealized +3.4%

TJX TJX COMPANIES INC 0.6%

Value ($000) $4,630 (+2.7%) Shares 59,100 (-7.1%) Est. Cost $29.40 Unrealized +7.5%

ISRG INTUITIVE SURGICAL INC 0.5%

Value ($000) $3,486 (-3.3%) Shares 5,800 (-12.1%) Est. Cost $56.16 Unrealized +10.3%

UNH UNITEDHEALTH GROUP INC 0.9%

Value ($000) $6,935 (-1.4%) Shares 53,800 (-10.0%) Est. Cost $65.43 Unrealized +54.2%

PSA PUBLIC STORAGE 0.8%

Value ($000) $5,813 (+1.7%) Shares 21,074 (-8.7%) Est. Cost $97.16 Unrealized +75.1%

— LINEAR TECHNOLOGY CORP 0.4%

Value ($000) $3,164 (-2.0%) Shares 71,000 (-6.6%) Est. Cost $40.36 Unrealized —

CVS CVS HEALTH CORP 0.9%

Value ($000) $6,628 (-0.9%) Shares 63,900 (-6.6%) Est. Cost $48.29 Unrealized +49.9%

MKC MCCORMICK and CO-NON VTG SHRS 0.5%

Value ($000) $3,402 (-1.1%) Shares 34,200 (-14.9%) Est. Cost $28.59 Unrealized +30.4%

AZO AUTOZONE INC 0.5%

Value ($000) $3,585 (+0.7%) Shares 4,500 (-6.3%) Est. Cost $763.07 Unrealized -0.9%

HSY HERSHEY CO/THE 0.4%

Value ($000) $3,177 (-0.3%) Shares 34,500 (-3.4%) Est. Cost $72.09 Unrealized -2.2%

CL COLGATE-PALMOLIVE CO 0.6%

Value ($000) $4,755 (+0.1%) Shares 67,300 (-5.6%) Est. Cost $48.89 Unrealized +8.1%

— CA INC 0.4%

Value ($000) $3,141 (-0.0%) Shares 102,000 (-7.3%) Est. Cost $27.30 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	AMERICAN CAMPUS COMMUNITIES	21,500 (-73.1%)	$1,012 (-69.4%)	0.1%	$37.00	—	COMMON STOCK	024835100
—	DUPONT FABROS TECHNOLOGY	14,000 (-84.4%)	$567 (-80.2%)	0.1%	$32.68	—	COMMON STOCK	26613Q106
MAA	MID-AMERICA APARTMENT COMM	17,300 (-59.8%)	$1,768 (-54.7%)	0.2%	$43.58	+51.5%	COMMON STOCK	59522J103
UTHR	UNITED THERAPEUTICS CORP	23,000 (-17.9%)	$2,563 (-41.6%)	0.3%	$155.10	-18.4%	COMMON STOCK	91307C102
WFC	WELLS FARGO and CO	206,400 (-3.7%)	$9,982 (-14.4%)	1.3%	$27.89	+33.0%	COMMON STOCK	949746101
SEIC	SEI INVESTMENTS COMPANY	74,000 (-19.6%)	$3,186 (-33.9%)	0.4%	$44.79	-19.0%	COMMON STOCK	784117103
DLR	DIGITAL REALTY TRUST INC	31,600 (-44.7%)	$2,796 (-35.2%)	0.4%	$37.62	+52.4%	COMMON STOCK	253868103
—	CYRUSONE INC	19,800 (-68.5%)	$904 (-61.6%)	0.1%	$29.44	—	COMMON STOCK	23283R100
BIIB	BIOGEN INC	17,500 (-8.4%)	$4,556 (-22.1%)	0.6%	$230.33	+14.7%	COMMON STOCK	09062X103
TROW	T ROWE PRICE GROUP INC	46,500 (-28.5%)	$3,416 (-26.5%)	0.5%	$50.99	-4.9%	COMMON STOCK	74144T108
VTR	VENTAS INC	78,182 (-27.1%)	$4,922 (-18.6%)	0.7%	$44.48	-17.6%	COMMON STOCK	92276F100
—	DCT INDUSTRIAL TRUST INC	12,025 (-70.0%)	$475 (-68.2%)	0.1%	$33.65	—	COMMON STOCK	233153204
UDR	UDR INC	53,367 (-34.8%)	$2,056 (-33.2%)	0.3%	$15.84	+59.2%	COMMON STOCK	902653104
GILD	GILEAD SCIENCES INC	76,100 (-3.8%)	$6,991 (-12.7%)	0.9%	$65.39	-2.9%	COMMON STOCK	375558103
—	PHYSICIANS REALTY TRUST	23,000 (-71.6%)	$427 (-68.7%)	0.1%	$13.94	—	COMMON STOCK	71943U104
—	DR PEPPER SNAPPLE GROUP INC	34,500 (-19.8%)	$3,085 (-23.0%)	0.4%	$93.21	—	COMMON STOCK	26138E109
ROST	ROSS STORES INC	61,900 (-25.8%)	$3,584 (-20.1%)	0.5%	$38.23	+31.7%	COMMON STOCK	778296103
—	RETAIL OPPORTUNITY INVESTMEN	17,500 (-74.8%)	$352 (-71.7%)	0.0%	$13.90	—	COMMON STOCK	76131N101
ADC	AGREE REALTY CORP	25,260 (-53.9%)	$972 (-47.8%)	0.1%	$29.67	—	COMMON STOCK	008492100
LOW	LOWE'S COS INC	68,000 (-13.9%)	$5,151 (-14.3%)	0.7%	$56.94	+3.4%	COMMON STOCK	548661107
—	MCGRAW HILL FINANCIAL INC	40,500 (-17.3%)	$4,009 (-17.0%)	0.5%	$86.51	—	COMMON STOCK	580645109
NEE	NEXTERA ENERGY INC	37,600 (-25.4%)	$4,450 (-15.0%)	0.6%	$14.90	+46.4%	COMMON STOCK	65339F101
EPR	EPR PROPERTIES	30,300 (-36.6%)	$2,019 (-27.7%)	0.3%	$51.02	—	COMMON STOCK	26884U109
—	SENIOR HOUSING PROP TRUST	203,100 (-31.4%)	$3,633 (-17.3%)	0.5%	$19.32	—	COMMON STOCK	81721M109
ORCL	ORACLE CORP	182,800 (-18.0%)	$7,478 (-8.2%)	1.0%	$28.34	+12.7%	COMMON STOCK	68389X105
HD	HOME DEPOT INC	62,000 (-8.1%)	$8,273 (-7.3%)	1.1%	$62.49	+57.4%	COMMON STOCK	437076102
ITW	ILLINOIS TOOL WORKS	39,500 (-21.0%)	$4,046 (-12.7%)	0.5%	$68.35	+7.2%	COMMON STOCK	452308109
KIM	KIMCO REALTY CORP	57,731 (-30.2%)	$1,661 (-24.1%)	0.2%	$12.61	+31.7%	COMMON STOCK	49446R109
SBUX	STARBUCKS CORP	90,600 (-8.1%)	$5,409 (-8.6%)	0.7%	$33.68	+40.8%	COMMON STOCK	855244109
T	ATandT INC	265,000 (-7.7%)	$10,380 (+5.1%)	1.4%	$12.32	+12.3%	COMMON STOCK	00206R102
—	DUKE REALTY CORP	85,024 (-26.1%)	$1,916 (-20.8%)	0.3%	$17.58	—	COMMON STOCK	264411505
MRSH	MARSH and MCLENNAN COS	67,700 (-18.1%)	$4,115 (-10.3%)	0.6%	$47.89	-1.0%	COMMON STOCK	571748102
—	HEALTHCARE REALTY TRUST INC	10,682 (-61.4%)	$330 (-57.9%)	0.0%	$25.50	—	COMMON STOCK	421946104
WAT	WATERS CORP	25,200 (-10.0%)	$3,324 (-11.8%)	0.4%	$127.49	-2.2%	COMMON STOCK	941848103
—	INTERPUBLIC GROUP OF COS INC	131,000 (-10.9%)	$3,006 (-12.2%)	0.4%	$15.38	-3.2%	COMMON STOCK	460690100
AVB	AVALONBAY COMMUNITIES INC	23,520 (-11.3%)	$4,474 (-8.4%)	0.6%	$85.93	+47.0%	COMMON STOCK	053484101
MMM	3M CO	37,600 (-4.3%)	$6,265 (+5.8%)	0.8%	$71.80	+29.2%	COMMON STOCK	88579Y101
EL	ESTEE LAUDER COMPANIES-CL A	38,700 (-14.4%)	$3,650 (-8.3%)	0.5%	$60.36	+30.2%	COMMON STOCK	518439104
—	KELLOGG CO	44,400 (-13.6%)	$3,399 (-8.5%)	0.5%	$39.93	+21.9%	COMMON STOCK	487836108
PPG	PPG INDUSTRIES INC	36,000 (-5.3%)	$4,014 (+6.9%)	0.5%	$84.32	-2.6%	COMMON STOCK	693506107
SRE	SEMPRA ENERGY	34,900 (-3.1%)	$3,631 (+7.3%)	0.5%	$35.84	-1.7%	COMMON STOCK	816851109
SBRA	SABRA HEALTH CARE REIT INC	130,400 (-7.8%)	$2,620 (-8.4%)	0.4%	$24.06	—	COMMON STOCK	78573L106
DHR	DANAHER CORP	50,500 (-6.5%)	$4,790 (-4.5%)	0.6%	$36.01	+1.2%	COMMON STOCK	235851102
—	SELECT INCOME REIT	149,800 (-8.0%)	$3,453 (+7.0%)	0.5%	$26.33	—	COMMON STOCK	81618T100
MO	ALTRIA GROUP INC	105,000 (-4.1%)	$6,579 (+3.2%)	0.9%	$19.82	+56.8%	COMMON STOCK	02209S103
SKT	TANGER FACTORY OUTLET CENTER	89,000 (-15.2%)	$3,239 (-5.7%)	0.4%	$33.85	—	COMMON STOCK	875465106
MTD	METTLER-TOLEDO INTERNATIONAL	9,400 (-6.0%)	$3,241 (-4.4%)	0.4%	$316.01	+1.8%	COMMON STOCK	592688105
OMC	OMNICOM GROUP	44,000 (-12.0%)	$3,662 (-3.2%)	0.5%	$52.01	+3.4%	COMMON STOCK	681919106
TJX	TJX COMPANIES INC	59,100 (-7.1%)	$4,630 (+2.7%)	0.6%	$29.40	+7.5%	COMMON STOCK	872540109
ISRG	INTUITIVE SURGICAL INC	5,800 (-12.1%)	$3,486 (-3.3%)	0.5%	$56.16	+10.3%	COMMON STOCK	46120E602
UNH	UNITEDHEALTH GROUP INC	53,800 (-10.0%)	$6,935 (-1.4%)	0.9%	$65.43	+54.2%	COMMON STOCK	91324P102
PSA	PUBLIC STORAGE	21,074 (-8.7%)	$5,813 (+1.7%)	0.8%	$97.16	+75.1%	COMMON STOCK	74460D109
—	LINEAR TECHNOLOGY CORP	71,000 (-6.6%)	$3,164 (-2.0%)	0.4%	$40.36	—	COMMON STOCK	535678106
CVS	CVS HEALTH CORP	63,900 (-6.6%)	$6,628 (-0.9%)	0.9%	$48.29	+49.9%	COMMON STOCK	126650100
MKC	MCCORMICK and CO-NON VTG SHRS	34,200 (-14.9%)	$3,402 (-1.1%)	0.5%	$28.59	+30.4%	COMMON STOCK	579780206
AZO	AUTOZONE INC	4,500 (-6.3%)	$3,585 (+0.7%)	0.5%	$763.07	-0.9%	COMMON STOCK	053332102
HSY	HERSHEY CO/THE	34,500 (-3.4%)	$3,177 (-0.3%)	0.4%	$72.09	-2.2%	COMMON STOCK	427866108
CL	COLGATE-PALMOLIVE CO	67,300 (-5.6%)	$4,755 (+0.1%)	0.6%	$48.89	+8.1%	COMMON STOCK	194162103
—	CA INC	102,000 (-7.3%)	$3,141 (-0.0%)	0.4%	$27.30	—	COMMON STOCK	12673P105

Unchanged Positions (42)

SPG SIMON PROPERTY GROUP INC 1.8%

Value ($000) $13,605 Shares 65,508 Est. Cost $89.25 Unrealized +29.9%

PM PHILIP MORRIS INTERNATIONAL 1.0%

Value ($000) $7,702 Shares 78,500 Est. Cost $49.71 Unrealized +12.4%

DG DOLLAR GENERAL CORP 0.5%

Value ($000) $3,766 Shares 44,000 Est. Cost $66.81 Unrealized -0.3%

SYK STRYKER CORP 0.5%

Value ($000) $4,077 Shares 38,000 Est. Cost $87.90 Unrealized +0.3%

GPC GENUINE PARTS CO 0.5%

Value ($000) $3,577 Shares 36,000 Est. Cost $65.22 Unrealized +2.2%

UPS UNITED PARCEL SERVICE-CL B 0.7%

Value ($000) $5,368 Shares 50,900 Est. Cost $62.45 Unrealized +8.4%

JBHT HUNT (JB) TRANSPRT SVCS INC 0.5%

Value ($000) $3,370 Shares 40,000 Est. Cost $68.38 Unrealized +1.0%

— PRAXAIR INC 0.5%

Value ($000) $3,937 Shares 34,400 Est. Cost $117.96 Unrealized —

SO SOUTHERN CO/THE 0.6%

Value ($000) $4,133 Shares 79,900 Est. Cost $26.97 Unrealized +19.5%

APH AMPHENOL CORP-CL A 0.5%

Value ($000) $3,643 Shares 63,000 Est. Cost $12.16 Unrealized -2.8%

SHW SHERWIN-WILLIAMS CO/THE 0.5%

Value ($000) $3,701 Shares 13,000 Est. Cost $79.61 Unrealized +0.3%

EQR EQUITY RESIDENTIAL 0.5%

Value ($000) $3,516 Shares 46,856 Est. Cost $31.42 Unrealized +48.2%

HSIC HENRY SCHEIN INC 0.5%

Value ($000) $3,539 Shares 20,500 Est. Cost $59.46 Unrealized +5.0%

CPT CAMDEN PROPERTY TRUST 0.4%

Value ($000) $3,142 Shares 37,369 Est. Cost $46.09 Unrealized +12.3%

SNA SNAP-ON INC 0.4%

Value ($000) $2,826 Shares 18,000 Est. Cost $130.90 Unrealized -7.6%

CHD CHURCH and DWIGHT CO INC 0.4%

Value ($000) $3,226 Shares 35,000 Est. Cost $37.38 Unrealized +2.7%

ADP AUTOMATIC DATA PROCESSING 0.6%

Value ($000) $4,216 Shares 47,000 Est. Cost $63.87 Unrealized +6.0%

RMD RESMED INC 0.4%

Value ($000) $3,007 Shares 52,000 Est. Cost $49.97 Unrealized +1.0%

HST HOST HOTELS and RESORTS INC 0.3%

Value ($000) $2,522 Shares 150,998 Est. Cost $10.74 Unrealized -5.8%

EGP EASTGROUP PROPERTIES INC 0.3%

Value ($000) $2,596 Shares 43,000 Est. Cost $57.86 Unrealized —

GLPI GAMING AND LEISURE PROPERTIE 0.3%

Value ($000) $1,979 Shares 64,000 Est. Cost $29.35 Unrealized —

— VEREIT INC 0.2%

Value ($000) $1,836 Shares 207,000 Est. Cost $7.72 Unrealized —

TSCO TRACTOR SUPPLY COMPANY 0.4%

Value ($000) $3,076 Shares 34,000 Est. Cost $15.20 Unrealized -3.1%

CTSH COGNIZANT TECH SOLUTIONS-A 0.5%

Value ($000) $3,787 Shares 60,400 Est. Cost $42.96 Unrealized +20.0%

VNO VORNADO REALTY TRUST 0.4%

Value ($000) $2,622 Shares 27,765 Est. Cost $82.84 Unrealized —

— LIBERTY PROPERTY TRUST 0.3%

Value ($000) $1,977 Shares 59,096 Est. Cost $36.96 Unrealized —

KRG KITE REALTY GROUP TRUST 0.3%

Value ($000) $2,189 Shares 79,000 Est. Cost $25.92 Unrealized —

— WEINGARTEN REALTY INVESTORS 0.2%

Value ($000) $1,701 Shares 45,336 Est. Cost $30.78 Unrealized —

HIW HIGHWOODS PROPERTIES INC 0.2%

Value ($000) $1,473 Shares 30,802 Est. Cost $35.61 Unrealized —

RLJ RLJ LODGING TRUST 0.2%

Value ($000) $1,812 Shares 79,200 Est. Cost $23.24 Unrealized —

RMR RMR GROUP INC/THE - A 0.0%

Value ($000) $192 Shares 7,684 Est. Cost $7.12 Unrealized +55.5%

PAYX PAYCHEX INC 0.5%

Value ($000) $3,619 Shares 67,000 Est. Cost $34.10 Unrealized +9.9%

— CHESAPEAKE LODGING TRUST 0.2%

Value ($000) $1,363 Shares 51,500 Est. Cost $22.49 Unrealized —

MSFT MICROSOFT CORP 2.1%

Value ($000) $15,917 Shares 288,200 Est. Cost $33.54 Unrealized +37.4%

BDN BRANDYWINE REALTY TRUST 0.3%

Value ($000) $2,152 Shares 153,400 Est. Cost $13.60 Unrealized —

MAC MACERICH CO/THE 0.3%

Value ($000) $2,536 Shares 32,007 Est. Cost $60.58 Unrealized —

— HOSPITALITY PROPERTIES TRUST 0.3%

Value ($000) $2,428 Shares 91,434 Est. Cost $27.41 Unrealized —

— VARIAN MEDICAL SYSTEMS INC 0.4%

Value ($000) $3,041 Shares 38,000 Est. Cost $73.79 Unrealized —

ARE ALEXANDRIA REAL ESTATE EQUIT 0.4%

Value ($000) $2,927 Shares 32,200 Est. Cost $45.03 Unrealized +27.3%

BXP BOSTON PROPERTIES INC 0.3%

Value ($000) $2,086 Shares 16,417 Est. Cost $64.00 Unrealized +24.1%

— LASALLE HOTEL PROPERTIES 0.1%

Value ($000) $496 Shares 19,600 Est. Cost $24.70 Unrealized —

INN SUMMIT HOTEL PROPERTIES INC 0.1%

Value ($000) $1,065 Shares 89,000 Est. Cost $14.07 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPG	SIMON PROPERTY GROUP INC	65,508	$13,605	1.8%	$89.25	+29.9%	COMMON STOCK	828806109
PM	PHILIP MORRIS INTERNATIONAL	78,500	$7,702	1.0%	$49.71	+12.4%	COMMON STOCK	718172109
DG	DOLLAR GENERAL CORP	44,000	$3,766	0.5%	$66.81	-0.3%	COMMON STOCK	256677105
SYK	STRYKER CORP	38,000	$4,077	0.5%	$87.90	+0.3%	COMMON STOCK	863667101
GPC	GENUINE PARTS CO	36,000	$3,577	0.5%	$65.22	+2.2%	COMMON STOCK	372460105
UPS	UNITED PARCEL SERVICE-CL B	50,900	$5,368	0.7%	$62.45	+8.4%	COMMON STOCK	911312106
JBHT	HUNT (JB) TRANSPRT SVCS INC	40,000	$3,370	0.5%	$68.38	+1.0%	COMMON STOCK	445658107
—	PRAXAIR INC	34,400	$3,937	0.5%	$117.96	—	COMMON STOCK	74005P104
SO	SOUTHERN CO/THE	79,900	$4,133	0.6%	$26.97	+19.5%	COMMON STOCK	842587107
APH	AMPHENOL CORP-CL A	63,000	$3,643	0.5%	$12.16	-2.8%	COMMON STOCK	032095101
SHW	SHERWIN-WILLIAMS CO/THE	13,000	$3,701	0.5%	$79.61	+0.3%	COMMON STOCK	824348106
EQR	EQUITY RESIDENTIAL	46,856	$3,516	0.5%	$31.42	+48.2%	COMMON STOCK	29476L107
HSIC	HENRY SCHEIN INC	20,500	$3,539	0.5%	$59.46	+5.0%	COMMON STOCK	806407102
CPT	CAMDEN PROPERTY TRUST	37,369	$3,142	0.4%	$46.09	+12.3%	COMMON STOCK	133131102
SNA	SNAP-ON INC	18,000	$2,826	0.4%	$130.90	-7.6%	COMMON STOCK	833034101
CHD	CHURCH and DWIGHT CO INC	35,000	$3,226	0.4%	$37.38	+2.7%	COMMON STOCK	171340102
ADP	AUTOMATIC DATA PROCESSING	47,000	$4,216	0.6%	$63.87	+6.0%	COMMON STOCK	053015103
RMD	RESMED INC	52,000	$3,007	0.4%	$49.97	+1.0%	COMMON STOCK	761152107
HST	HOST HOTELS and RESORTS INC	150,998	$2,522	0.3%	$10.74	-5.8%	COMMON STOCK	44107P104
EGP	EASTGROUP PROPERTIES INC	43,000	$2,596	0.3%	$57.86	—	COMMON STOCK	277276101
GLPI	GAMING AND LEISURE PROPERTIE	64,000	$1,979	0.3%	$29.35	—	COMMON STOCK	36467J108
—	VEREIT INC	207,000	$1,836	0.2%	$7.72	—	COMMON STOCK	92339V100
TSCO	TRACTOR SUPPLY COMPANY	34,000	$3,076	0.4%	$15.20	-3.1%	COMMON STOCK	892356106
CTSH	COGNIZANT TECH SOLUTIONS-A	60,400	$3,787	0.5%	$42.96	+20.0%	COMMON STOCK	192446102
VNO	VORNADO REALTY TRUST	27,765	$2,622	0.4%	$82.84	—	COMMON STOCK	929042109
—	LIBERTY PROPERTY TRUST	59,096	$1,977	0.3%	$36.96	—	COMMON STOCK	531172104
KRG	KITE REALTY GROUP TRUST	79,000	$2,189	0.3%	$25.92	—	COMMON STOCK	49803T300
—	WEINGARTEN REALTY INVESTORS	45,336	$1,701	0.2%	$30.78	—	COMMON STOCK	948741103
HIW	HIGHWOODS PROPERTIES INC	30,802	$1,473	0.2%	$35.61	—	COMMON STOCK	431284108
RLJ	RLJ LODGING TRUST	79,200	$1,812	0.2%	$23.24	—	COMMON STOCK	74965L101
RMR	RMR GROUP INC/THE - A	7,684	$192	0.0%	$7.12	+55.5%	COMMON STOCK	74967R106
PAYX	PAYCHEX INC	67,000	$3,619	0.5%	$34.10	+9.9%	COMMON STOCK	704326107
—	CHESAPEAKE LODGING TRUST	51,500	$1,363	0.2%	$22.49	—	COMMON STOCK	165240102
MSFT	MICROSOFT CORP	288,200	$15,917	2.1%	$33.54	+37.4%	COMMON STOCK	594918104
BDN	BRANDYWINE REALTY TRUST	153,400	$2,152	0.3%	$13.60	—	COMMON STOCK	105368203
MAC	MACERICH CO/THE	32,007	$2,536	0.3%	$60.58	—	COMMON STOCK	554382101
—	HOSPITALITY PROPERTIES TRUST	91,434	$2,428	0.3%	$27.41	—	COMMON STOCK	44106M102
—	VARIAN MEDICAL SYSTEMS INC	38,000	$3,041	0.4%	$73.79	—	COMMON STOCK	92220P105
ARE	ALEXANDRIA REAL ESTATE EQUIT	32,200	$2,927	0.4%	$45.03	+27.3%	COMMON STOCK	015271109
BXP	BOSTON PROPERTIES INC	16,417	$2,086	0.3%	$64.00	+24.1%	COMMON STOCK	101121101
—	LASALLE HOTEL PROPERTIES	19,600	$496	0.1%	$24.70	—	COMMON STOCK	517942108
INN	SUMMIT HOTEL PROPERTIES INC	89,000	$1,065	0.1%	$14.07	—	COMMON STOCK	866082100