Pensionfund PDN Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	FACEBOOK INC-A	80,000	$11,364	1.7%	$132.71	0.0%	COMMON STOCK	30303M102
—	CELGENE CORP	43,100	$5,363	0.8%	$124.43	—	COMMON STOCK	151020104
LLY	ELI LILLY and CO	61,200	$5,148	0.8%	$69.54	0.0%	COMMON STOCK	532457108
—	UNITED TECHNOLOGIES CORP	43,900	$4,926	0.7%	$112.21	—	COMMON STOCK	913017109
ADI	ANALOG DEVICES INC	54,940	$4,502	0.7%	$66.43	0.0%	COMMON STOCK	032654105
SYK	STRYKER CORP	30,400	$4,002	0.6%	$114.51	0.0%	COMMON STOCK	863667101
BAX	BAXTER INTERNATIONAL INC	70,200	$3,641	0.5%	$42.39	0.0%	COMMON STOCK	071813109
EA	ELECTRONIC ARTS INC	40,600	$3,635	0.5%	$82.78	0.0%	COMMON STOCK	285512109
ALGN	ALIGN TECHNOLOGY INC	30,500	$3,499	0.5%	$101.02	0.0%	COMMON STOCK	016255101
PH	PARKER HANNIFIN CORP	21,400	$3,431	0.5%	$132.60	0.0%	COMMON STOCK	701094104
MCO	MOODY'S CORP	30,500	$3,417	0.5%	$98.85	0.0%	COMMON STOCK	615369105
CDNS	CADENCE DESIGN SYS INC	108,600	$3,410	0.5%	$29.18	0.0%	COMMON STOCK	127387108
MAN	MANPOWERGROUP INC	33,000	$3,385	0.5%	$97.01	0.0%	COMMON STOCK	56418H100
SWK	STANLEY BLACK and DECKER INC	25,400	$3,375	0.5%	$99.03	0.0%	COMMON STOCK	854502101
FTV	FORTIVE CORP	56,000	$3,372	0.5%	$34.58	0.0%	COMMON STOCK	34959J108
SNPS	SYNOPSYS INC	46,500	$3,354	0.5%	$66.92	0.0%	COMMON STOCK	871607107
PFG	PRINCIPAL FINANCIAL GROUP	52,200	$3,294	0.5%	$43.60	0.0%	COMMON STOCK	74251V102
ULTA	ULTA SALON COSMETICS and FRAGR	11,400	$3,252	0.5%	$273.75	0.0%	COMMON STOCK	90384S303
CHD	CHURCH and DWIGHT CO INC	64,100	$3,197	0.5%	$42.65	0.0%	COMMON STOCK	171340102
MHK	MOHAWK INDUSTRIES INC	13,800	$3,167	0.5%	$219.75	0.0%	COMMON STOCK	608190104
—	QUINTILES TRANSNATIONAL HOLD	38,500	$3,100	0.5%	$80.52	—	COMMON STOCK	74876Y101
IT	GARTNER INC	28,200	$3,045	0.5%	$103.07	0.0%	COMMON STOCK	366651107
—	WYNDHAM WORLDWIDE CORP	36,000	$3,034	0.4%	$84.28	—	COMMON STOCK	98310W108
FISV	FISERV INC	26,000	$2,998	0.4%	$56.13	0.0%	COMMON STOCK	337738108
AOS	SMITH (A.O.) CORP	57,100	$2,921	0.4%	$42.64	0.0%	COMMON STOCK	831865209
RGA	REINSURANCE GROUP OF AMERICA	22,900	$2,908	0.4%	$126.90	0.0%	COMMON STOCK	759351604
GAP	GAP INC/THE	115,800	$2,813	0.4%	$17.48	0.0%	COMMON STOCK	364760108
INGR	INGREDION INC	22,300	$2,686	0.4%	$122.30	0.0%	COMMON STOCK	457187102
—	GGP Inc	85,500	$1,982	0.3%	$23.18	—	COMMON STOCK	36174X101
—	COLONY NORTHSTAR INC-CLASS A	101,163	$1,306	0.2%	$12.91	—	COMMON STOCK	19625W104
VREX	VAREX IMAGING Corp	13,600	$457	0.1%	$31.14	0.0%	COMMON STOCK	92214X106
—	Bioverativ Inc-W/I	7,750	$422	0.1%	$54.45	—	COMMON STOCK	09075E100
—	TIER REIT INC	15,000	$260	0.0%	$17.33	—	COMMON STOCK	88650V208

Increased Positions (16)

GOOG ALPHABET INC-CL C 1.4%

Value ($000) $9,208 (+21.7%) Shares 11,100 (+13.3%) Est. Cost $31.81 Unrealized +28.0%

— FOREST CITY REALTY TRUST- A 0.2%

Value ($000) $1,525 (+181.4%) Shares 70,000 (+169.2%) Est. Cost $21.44 Unrealized —

KRG KITE REALTY GROUP TRUST 0.4%

Value ($000) $2,451 (+32.1%) Shares 114,000 (+44.3%) Est. Cost $24.57 Unrealized —

— RAMCO-GERSHENSON PROPERTIES 0.3%

Value ($000) $1,946 (+36.8%) Shares 138,782 (+61.8%) Est. Cost $16.68 Unrealized —

IFF INTL FLAVORS and FRAGRANCES 0.5%

Value ($000) $3,220 (+18.8%) Shares 24,300 (+5.7%) Est. Cost $106.76 Unrealized -8.0%

NKE NIKE INC -CL B 0.7%

Value ($000) $4,670 (+11.8%) Shares 83,800 (+1.9%) Est. Cost $53.06 Unrealized -7.1%

— FOOT LOCKER INC 0.5%

Value ($000) $3,157 (+13.9%) Shares 42,200 (+7.9%) Est. Cost $65.77 Unrealized —

SO SOUTHERN CO/THE 0.6%

Value ($000) $3,893 (+10.1%) Shares 78,200 (+8.8%) Est. Cost $27.55 Unrealized +24.0%

CTSH COGNIZANT TECH SOLUTIONS-A 0.5%

Value ($000) $3,714 (+9.8%) Shares 62,400 (+3.3%) Est. Cost $43.22 Unrealized +17.9%

VFC VF CORP 0.5%

Value ($000) $3,194 (+11.1%) Shares 58,100 (+7.8%) Est. Cost $53.56 Unrealized -7.9%

— INTERPUBLIC GROUP OF COS INC 0.5%

Value ($000) $3,052 (+9.5%) Shares 124,200 (+4.4%) Est. Cost $15.44 Unrealized +9.8%

— SCANA CORP 0.4%

Value ($000) $2,719 (-7.2%) Shares 41,600 (+4.0%) Est. Cost $69.97 Unrealized —

AZO AUTOZONE INC 0.5%

Value ($000) $3,181 (-4.1%) Shares 4,400 (+4.8%) Est. Cost $762.05 Unrealized -2.8%

TSCO TRACTOR SUPPLY COMPANY 0.4%

Value ($000) $2,662 (+3.3%) Shares 38,600 (+13.5%) Est. Cost $14.90 Unrealized -14.9%

BMY BRISTOL-MYERS SQUIBB CO 0.8%

Value ($000) $5,324 (+1.2%) Shares 97,900 (+8.8%) Est. Cost $44.41 Unrealized -10.1%

GILD GILEAD SCIENCES INC 0.7%

Value ($000) $4,890 (+0.3%) Shares 72,000 (+5.7%) Est. Cost $64.59 Unrealized -21.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC-CL C	11,100 (+13.3%)	$9,208 (+21.7%)	1.4%	$31.81	+28.0%	COMMON STOCK	02079K107
—	FOREST CITY REALTY TRUST- A	70,000 (+169.2%)	$1,525 (+181.4%)	0.2%	$21.44	—	COMMON STOCK	345605109
KRG	KITE REALTY GROUP TRUST	114,000 (+44.3%)	$2,451 (+32.1%)	0.4%	$24.57	—	COMMON STOCK	49803T300
—	RAMCO-GERSHENSON PROPERTIES	138,782 (+61.8%)	$1,946 (+36.8%)	0.3%	$16.68	—	COMMON STOCK	751452202
IFF	INTL FLAVORS and FRAGRANCES	24,300 (+5.7%)	$3,220 (+18.8%)	0.5%	$106.76	-8.0%	COMMON STOCK	459506101
NKE	NIKE INC -CL B	83,800 (+1.9%)	$4,670 (+11.8%)	0.7%	$53.06	-7.1%	COMMON STOCK	654106103
—	FOOT LOCKER INC	42,200 (+7.9%)	$3,157 (+13.9%)	0.5%	$65.77	—	COMMON STOCK	344849104
SO	SOUTHERN CO/THE	78,200 (+8.8%)	$3,893 (+10.1%)	0.6%	$27.55	+24.0%	COMMON STOCK	842587107
CTSH	COGNIZANT TECH SOLUTIONS-A	62,400 (+3.3%)	$3,714 (+9.8%)	0.5%	$43.22	+17.9%	COMMON STOCK	192446102
VFC	VF CORP	58,100 (+7.8%)	$3,194 (+11.1%)	0.5%	$53.56	-7.9%	COMMON STOCK	918204108
—	INTERPUBLIC GROUP OF COS INC	124,200 (+4.4%)	$3,052 (+9.5%)	0.5%	$15.44	+9.8%	COMMON STOCK	460690100
—	SCANA CORP	41,600 (+4.0%)	$2,719 (-7.2%)	0.4%	$69.97	—	COMMON STOCK	80589M102
AZO	AUTOZONE INC	4,400 (+4.8%)	$3,181 (-4.1%)	0.5%	$762.05	-2.8%	COMMON STOCK	053332102
TSCO	TRACTOR SUPPLY COMPANY	38,600 (+13.5%)	$2,662 (+3.3%)	0.4%	$14.90	-14.9%	COMMON STOCK	892356106
BMY	BRISTOL-MYERS SQUIBB CO	97,900 (+8.8%)	$5,324 (+1.2%)	0.8%	$44.41	-10.1%	COMMON STOCK	110122108
GILD	GILEAD SCIENCES INC	72,000 (+5.7%)	$4,890 (+0.3%)	0.7%	$64.59	-21.6%	COMMON STOCK	375558103

Exited Positions (30)

MRK MERCK and CO. INC. 1.1%

Value ($000) $7,683 Shares 130,500 Est. Cost $39.48 Unrealized +16.7%

MCD MCDONALD'S CORP 0.9%

Value ($000) $6,086 Shares 50,000 Est. Cost $99.15 Unrealized +2.6%

QCOM QUALCOMM INC 0.9%

Value ($000) $6,064 Shares 93,000 Est. Cost $40.28 Unrealized +13.0%

CVS CVS HEALTH CORP 0.7%

Value ($000) $5,019 Shares 63,600 Est. Cost $50.43 Unrealized +20.1%

FAST FASTENAL CO 0.6%

Value ($000) $3,805 Shares 81,000 Est. Cost $8.32 Unrealized +19.4%

— LINEAR TECHNOLOGY CORP 0.6%

Value ($000) $3,803 Shares 61,000 Est. Cost $40.36 Unrealized —

DTE DTE ENERGY COMPANY 0.5%

Value ($000) $3,546 Shares 36,000 Est. Cost $59.58 Unrealized +5.7%

EIX EDISON INTERNATIONAL 0.5%

Value ($000) $3,528 Shares 49,000 Est. Cost $51.05 Unrealized +2.5%

ES EVERSOURCE ENERGY 0.5%

Value ($000) $3,424 Shares 62,000 Est. Cost $40.79 Unrealized +2.6%

WRB WR BERKLEY CORP 0.5%

Value ($000) $3,392 Shares 51,000 Est. Cost $14.61 Unrealized +15.2%

— CIGNA CORP 0.5%

Value ($000) $3,375 Shares 25,300 Est. Cost $135.14 Unrealized —

MCK MCKESSON CORP 0.5%

Value ($000) $3,371 Shares 24,000 Est. Cost $173.09 Unrealized -21.1%

XEL XCEL ENERGY INC 0.5%

Value ($000) $3,337 Shares 82,000 Est. Cost $31.98 Unrealized +0.8%

— EATON VANCE CORP 0.5%

Value ($000) $3,267 Shares 78,000 Est. Cost $39.05 Unrealized —

AJG ARTHUR J GALLAGHER and CO 0.5%

Value ($000) $3,222 Shares 62,000 Est. Cost $33.74 Unrealized +42.5%

— FLIR SYSTEMS INC 0.5%

Value ($000) $3,163 Shares 87,400 Est. Cost $30.95 Unrealized —

PPG PPG INDUSTRIES INC 0.5%

Value ($000) $3,127 Shares 33,000 Est. Cost $84.32 Unrealized +1.9%

HAS HASBRO INC 0.5%

Value ($000) $3,112 Shares 40,000 Est. Cost $59.17 Unrealized +15.4%

DG DOLLAR GENERAL CORP 0.5%

Value ($000) $3,111 Shares 42,000 Est. Cost $66.81 Unrealized -2.3%

SNA SNAP-ON INC 0.5%

Value ($000) $3,083 Shares 18,000 Est. Cost $130.90 Unrealized +5.4%

MSCI MSCI INC 0.5%

Value ($000) $3,072 Shares 39,000 Est. Cost $76.86 Unrealized +7.3%

ZBH ZIMMER BIOMET HOLDINGS INC 0.4%

Value ($000) $2,993 Shares 29,000 Est. Cost $114.42 Unrealized -7.9%

— CITRIX SYSTEMS INC 0.4%

Value ($000) $2,947 Shares 33,000 Est. Cost $78.58 Unrealized —

— TOTAL SYSTEM SERVICES INC 0.4%

Value ($000) $2,942 Shares 60,000 Est. Cost $53.11 Unrealized —

RMD RESMED INC 0.4%

Value ($000) $2,916 Shares 47,000 Est. Cost $49.97 Unrealized +25.9%

— BED BATH and BEYOND INC 0.4%

Value ($000) $2,479 Shares 61,000 Est. Cost $48.63 Unrealized —

— CERNER CORP 0.4%

Value ($000) $2,454 Shares 51,800 Est. Cost $58.38 Unrealized —

— GENERAL GROWTH PROPERTIES 0.3%

Value ($000) $2,136 Shares 85,500 Est. Cost $22.17 Unrealized —

— NORTHSTAR REALTY FINANCE 0.3%

Value ($000) $1,924 Shares 127,000 Est. Cost $13.24 Unrealized —

AMH AMERICAN HOMES 4 RENT- A 0.1%

Value ($000) $713 Shares 34,000 Est. Cost $15.90 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MRK	MERCK and CO. INC.	130,500	$7,683	1.1%	$39.48	+16.7%	—	58933Y105
MCD	MCDONALD'S CORP	50,000	$6,086	0.9%	$99.15	+2.6%	—	580135101
QCOM	QUALCOMM INC	93,000	$6,064	0.9%	$40.28	+13.0%	—	747525103
CVS	CVS HEALTH CORP	63,600	$5,019	0.7%	$50.43	+20.1%	—	126650100
FAST	FASTENAL CO	81,000	$3,805	0.6%	$8.32	+19.4%	—	311900104
—	LINEAR TECHNOLOGY CORP	61,000	$3,803	0.6%	$40.36	—	—	535678106
DTE	DTE ENERGY COMPANY	36,000	$3,546	0.5%	$59.58	+5.7%	—	233331107
EIX	EDISON INTERNATIONAL	49,000	$3,528	0.5%	$51.05	+2.5%	—	281020107
ES	EVERSOURCE ENERGY	62,000	$3,424	0.5%	$40.79	+2.6%	—	30040W108
WRB	WR BERKLEY CORP	51,000	$3,392	0.5%	$14.61	+15.2%	—	084423102
—	CIGNA CORP	25,300	$3,375	0.5%	$135.14	—	—	125509109
MCK	MCKESSON CORP	24,000	$3,371	0.5%	$173.09	-21.1%	—	58155Q103
XEL	XCEL ENERGY INC	82,000	$3,337	0.5%	$31.98	+0.8%	—	98389B100
—	EATON VANCE CORP	78,000	$3,267	0.5%	$39.05	—	—	278265103
AJG	ARTHUR J GALLAGHER and CO	62,000	$3,222	0.5%	$33.74	+42.5%	—	363576109
—	FLIR SYSTEMS INC	87,400	$3,163	0.5%	$30.95	—	—	302445101
PPG	PPG INDUSTRIES INC	33,000	$3,127	0.5%	$84.32	+1.9%	—	693506107
HAS	HASBRO INC	40,000	$3,112	0.5%	$59.17	+15.4%	—	418056107
DG	DOLLAR GENERAL CORP	42,000	$3,111	0.5%	$66.81	-2.3%	—	256677105
SNA	SNAP-ON INC	18,000	$3,083	0.5%	$130.90	+5.4%	—	833034101
MSCI	MSCI INC	39,000	$3,072	0.5%	$76.86	+7.3%	—	55354G100
ZBH	ZIMMER BIOMET HOLDINGS INC	29,000	$2,993	0.4%	$114.42	-7.9%	—	98956P102
—	CITRIX SYSTEMS INC	33,000	$2,947	0.4%	$78.58	—	—	177376100
—	TOTAL SYSTEM SERVICES INC	60,000	$2,942	0.4%	$53.11	—	—	891906109
RMD	RESMED INC	47,000	$2,916	0.4%	$49.97	+25.9%	—	761152107
—	BED BATH and BEYOND INC	61,000	$2,479	0.4%	$48.63	—	—	075896100
—	CERNER CORP	51,800	$2,454	0.4%	$58.38	—	—	156782104
—	GENERAL GROWTH PROPERTIES	85,500	$2,136	0.3%	$22.17	—	—	370023103
—	NORTHSTAR REALTY FINANCE	127,000	$1,924	0.3%	$13.24	—	—	66704R803
AMH	AMERICAN HOMES 4 RENT- A	34,000	$713	0.1%	$15.90	—	—	02665T306

Decreased Positions (77)

GOOGL ALPHABET INC-CL A 0.9%

Value ($000) $6,282 (-26.0%) Shares 7,410 (-30.8%) Est. Cost $32.37 Unrealized +28.9%

MSFT MICROSOFT CORP 2.3%

Value ($000) $15,260 (-8.4%) Shares 231,700 (-13.6%) Est. Cost $33.54 Unrealized +72.5%

ARE ALEXANDRIA REAL ESTATE EQUIT 0.3%

Value ($000) $2,310 (-35.4%) Shares 20,900 (-35.1%) Est. Cost $45.03 Unrealized +82.3%

— COLONY STARWOOD HOMES 0.1%

Value ($000) $543 (-65.1%) Shares 16,000 (-70.4%) Est. Cost $26.11 Unrealized —

UNH UNITEDHEALTH GROUP INC 1.0%

Value ($000) $6,675 (-12.7%) Shares 40,700 (-14.9%) Est. Cost $65.43 Unrealized +117.2%

VZ VERIZON COMMUNICATIONS INC 1.2%

Value ($000) $7,878 (-10.6%) Shares 161,600 (-2.1%) Est. Cost $30.04 Unrealized +4.6%

T ATandT INC 1.4%

Value ($000) $9,299 (-8.9%) Shares 223,800 (-6.8%) Est. Cost $12.32 Unrealized +35.8%

IBM INTL BUSINESS MACHINES CORP 1.0%

Value ($000) $6,565 (-12.1%) Shares 37,700 (-16.2%) Est. Cost $101.76 Unrealized +12.4%

AMAT APPLIED MATERIALS INC 0.6%

Value ($000) $4,100 (-18.0%) Shares 105,400 (-32.0%) Est. Cost $19.78 Unrealized +64.5%

UTHR UNITED THERAPEUTICS CORP 0.4%

Value ($000) $2,423 (-26.6%) Shares 17,900 (-22.2%) Est. Cost $155.10 Unrealized -2.3%

FFIV F5 NETWORKS INC 0.4%

Value ($000) $2,866 (-23.2%) Shares 20,100 (-22.1%) Est. Cost $106.19 Unrealized +34.4%

DKS DICK'S SPORTING GOODS INC 0.4%

Value ($000) $2,579 (-25.1%) Shares 53,000 (-18.2%) Est. Cost $31.61 Unrealized +23.5%

INTC INTEL CORP 1.0%

Value ($000) $6,810 (-11.1%) Shares 188,800 (-10.6%) Est. Cost $19.31 Unrealized +53.7%

SBRA SABRA HEALTH CARE REIT INC 0.2%

Value ($000) $1,416 (-37.5%) Shares 50,700 (-45.3%) Est. Cost $24.06 Unrealized —

UPS UNITED PARCEL SERVICE-CL B 0.6%

Value ($000) $4,335 (-15.8%) Shares 40,400 (-10.0%) Est. Cost $62.45 Unrealized +25.5%

— CBS CORP-CLASS B NON VOTING 0.5%

Value ($000) $3,662 (-17.8%) Shares 52,800 (-24.6%) Est. Cost $54.74 Unrealized —

JBHT HUNT (JB) TRANSPRT SVCS INC 0.4%

Value ($000) $2,706 (-20.3%) Shares 29,500 (-15.7%) Est. Cost $68.38 Unrealized +30.6%

MO ALTRIA GROUP INC 0.9%

Value ($000) $6,214 (-9.9%) Shares 87,000 (-14.7%) Est. Cost $19.82 Unrealized +94.6%

TXN TEXAS INSTRUMENTS INC 0.7%

Value ($000) $4,793 (-12.4%) Shares 59,500 (-20.7%) Est. Cost $40.51 Unrealized +49.7%

PAYX PAYCHEX INC 0.4%

Value ($000) $3,016 (-17.4%) Shares 51,200 (-14.7%) Est. Cost $34.10 Unrealized +36.9%

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

Value ($000) $2,923 (-17.6%) Shares 63,300 (-19.9%) Est. Cost $33.08 Unrealized -4.4%

— DUKE REALTY CORP 0.1%

Value ($000) $999 (-38.4%) Shares 38,024 (-37.7%) Est. Cost $17.58 Unrealized —

— COUSINS PROPERTIES INC 0.2%

Value ($000) $1,414 (-29.6%) Shares 171,000 (-27.5%) Est. Cost $10.38 Unrealized —

— TORCHMARK CORP 0.4%

Value ($000) $2,958 (-16.1%) Shares 38,400 (-19.7%) Est. Cost $56.38 Unrealized —

AAPL APPLE INC 2.4%

Value ($000) $16,162 (-3.0%) Shares 112,500 (-21.8%) Est. Cost $21.10 Unrealized +44.3%

— BLACKROCK INC 0.6%

Value ($000) $3,873 (-11.5%) Shares 10,100 (-12.2%) Est. Cost $362.46 Unrealized —

ADP AUTOMATIC DATA PROCESSING 0.6%

Value ($000) $3,819 (-11.5%) Shares 37,300 (-11.2%) Est. Cost $63.87 Unrealized +32.1%

HSY HERSHEY CO/THE 0.5%

Value ($000) $3,081 (-12.4%) Shares 28,200 (-17.1%) Est. Cost $73.25 Unrealized +18.5%

PM PHILIP MORRIS INTERNATIONAL 1.1%

Value ($000) $7,564 (+6.0%) Shares 67,000 (-14.1%) Est. Cost $49.71 Unrealized +31.9%

APH AMPHENOL CORP-CL A 0.5%

Value ($000) $3,274 (-11.4%) Shares 46,000 (-16.4%) Est. Cost $12.16 Unrealized +30.8%

HRL HORMEL FOODS CORP 0.4%

Value ($000) $2,753 (-13.1%) Shares 79,500 (-12.6%) Est. Cost $27.62 Unrealized +3.2%

LOW LOWE'S COS INC 0.7%

Value ($000) $4,744 (+9.4%) Shares 57,700 (-5.4%) Est. Cost $56.94 Unrealized +14.2%

COST COSTCO WHOLESALE CORP 0.7%

Value ($000) $4,595 (-8.0%) Shares 27,400 (-12.2%) Est. Cost $99.53 Unrealized +43.5%

TRV TRAVELERS COS INC/THE 0.5%

Value ($000) $3,640 (-9.9%) Shares 30,200 (-8.5%) Est. Cost $91.51 Unrealized +8.1%

CTAS CINTAS CORP 0.5%

Value ($000) $3,176 (-11.1%) Shares 25,100 (-18.8%) Est. Cost $20.40 Unrealized +32.8%

ROK ROCKWELL AUTOMATION INC 0.5%

Value ($000) $3,410 (-10.4%) Shares 21,900 (-22.6%) Est. Cost $85.80 Unrealized +47.7%

RHI ROBERT HALF INTL INC 0.4%

Value ($000) $2,769 (-12.4%) Shares 56,700 (-12.5%) Est. Cost $52.93 Unrealized -8.7%

ITW ILLINOIS TOOL WORKS 0.6%

Value ($000) $3,842 (-9.1%) Shares 29,000 (-15.9%) Est. Cost $68.35 Unrealized +53.0%

INTU INTUIT INC 0.5%

Value ($000) $3,294 (-10.2%) Shares 28,400 (-11.3%) Est. Cost $97.25 Unrealized +15.6%

CMI CUMMINS INC 0.5%

Value ($000) $3,357 (-9.0%) Shares 22,200 (-17.8%) Est. Cost $94.73 Unrealized +23.8%

LEA LEAR CORP 0.4%

Value ($000) $2,860 (-10.0%) Shares 20,200 (-15.8%) Est. Cost $88.18 Unrealized +35.4%

PEG PUBLIC SERVICE ENTERPRISE GP 0.5%

Value ($000) $3,286 (-8.7%) Shares 74,100 (-9.6%) Est. Cost $31.86 Unrealized +2.2%

MKC MCCORMICK and CO-NON VTG SHRS 0.4%

Value ($000) $3,005 (-9.3%) Shares 30,800 (-13.2%) Est. Cost $28.98 Unrealized +41.1%

— HCP INC 0.5%

Value ($000) $3,459 (-8.1%) Shares 110,593 (-12.6%) Est. Cost $40.87 Unrealized —

GWW WW GRAINGER INC 0.4%

Value ($000) $2,816 (-9.5%) Shares 12,100 (-9.7%) Est. Cost $188.43 Unrealized +14.3%

ROST ROSS STORES INC 0.5%

Value ($000) $3,313 (-8.0%) Shares 50,300 (-8.4%) Est. Cost $38.23 Unrealized +60.0%

MRSH MARSH and MCLENNAN COS 0.6%

Value ($000) $3,820 (-6.9%) Shares 51,700 (-14.8%) Est. Cost $47.89 Unrealized +28.9%

MA MASTERCARD INC-CLASS A 0.8%

Value ($000) $5,500 (-4.9%) Shares 48,900 (-12.7%) Est. Cost $89.14 Unrealized +17.0%

ORLY O'REILLY AUTOMOTIVE INC 0.5%

Value ($000) $3,292 (-7.6%) Shares 12,200 (-4.7%) Est. Cost $17.32 Unrealized +4.3%

WAT WATERS CORP 0.5%

Value ($000) $3,251 (+9.0%) Shares 20,800 (-6.3%) Est. Cost $127.49 Unrealized +17.1%

AVY AVERY DENNISON CORP 0.5%

Value ($000) $3,055 (+8.8%) Shares 37,900 (-5.3%) Est. Cost $61.60 Unrealized +7.6%

ALL ALLSTATE CORP 0.5%

Value ($000) $3,691 (-6.0%) Shares 45,300 (-14.5%) Est. Cost $55.91 Unrealized +15.4%

PFE PFIZER INC 1.2%

Value ($000) $8,262 (-2.7%) Shares 241,500 (-7.6%) Est. Cost $21.05 Unrealized +1.7%

EL ESTEE LAUDER COMPANIES-CL A 0.5%

Value ($000) $3,264 (-6.2%) Shares 38,500 (-15.4%) Est. Cost $62.15 Unrealized +18.9%

SJM JM SMUCKER CO/THE 0.4%

Value ($000) $2,989 (-6.7%) Shares 22,800 (-8.8%) Est. Cost $109.93 Unrealized -6.4%

MTD METTLER-TOLEDO INTERNATIONAL 0.5%

Value ($000) $3,304 (-6.0%) Shares 6,900 (-17.9%) Est. Cost $316.01 Unrealized +44.6%

ORCL ORACLE CORP 1.0%

Value ($000) $6,442 (+2.9%) Shares 144,400 (-11.3%) Est. Cost $28.34 Unrealized +28.8%

— VMWARE INC-CLASS A 0.5%

Value ($000) $3,050 (-5.5%) Shares 33,100 (-19.3%) Est. Cost $73.34 Unrealized —

— VARIAN MEDICAL SYSTEMS INC 0.4%

Value ($000) $2,880 (-5.7%) Shares 31,600 (-7.1%) Est. Cost $73.79 Unrealized —

— DR PEPPER SNAPPLE GROUP INC 0.5%

Value ($000) $3,280 (-4.8%) Shares 33,500 (-11.8%) Est. Cost $92.95 Unrealized —

XYL XYLEM INC 0.4%

Value ($000) $2,918 (-5.0%) Shares 58,100 (-6.3%) Est. Cost $43.77 Unrealized +0.1%

OMC OMNICOM GROUP 0.5%

Value ($000) $3,173 (-4.4%) Shares 36,800 (-5.6%) Est. Cost $52.01 Unrealized +20.1%

CL COLGATE-PALMOLIVE CO 0.7%

Value ($000) $4,406 (-3.1%) Shares 60,200 (-13.4%) Est. Cost $49.10 Unrealized +15.8%

HD HOME DEPOT INC 1.1%

Value ($000) $7,503 (-1.8%) Shares 51,100 (-10.4%) Est. Cost $62.49 Unrealized +83.0%

— CR BARD INC 0.5%

Value ($000) $3,281 (-3.9%) Shares 13,200 (-13.2%) Est. Cost $190.36 Unrealized —

MMM 3M CO 0.9%

Value ($000) $5,893 (-1.8%) Shares 30,800 (-8.3%) Est. Cost $71.80 Unrealized +58.3%

— WABCO HOLDINGS INC 0.5%

Value ($000) $3,076 (+3.5%) Shares 26,200 (-6.4%) Est. Cost $113.53 Unrealized —

— GRAMERCY PROPERTY TRUST 0.3%

Value ($000) $2,148 (-4.5%) Shares 81,666 (-66.7%) Est. Cost $9.18 Unrealized —

AFL AFLAC INC 0.5%

Value ($000) $3,498 (-1.9%) Shares 48,300 (-5.7%) Est. Cost $22.89 Unrealized +25.9%

EXPD EXPEDITORS INTL WASH INC 0.5%

Value ($000) $3,124 (+1.4%) Shares 55,300 (-5.0%) Est. Cost $42.31 Unrealized +16.1%

DRI DARDEN RESTAURANTS INC 0.5%

Value ($000) $3,238 (+1.2%) Shares 38,700 (-12.0%) Est. Cost $53.91 Unrealized +8.6%

SBUX STARBUCKS CORP 0.7%

Value ($000) $4,788 (+0.7%) Shares 82,000 (-4.2%) Est. Cost $33.68 Unrealized +38.9%

DIS WALT DISNEY CO/THE 1.1%

Value ($000) $7,246 (+0.3%) Shares 63,900 (-7.8%) Est. Cost $69.31 Unrealized +48.6%

CLX CLOROX COMPANY 0.5%

Value ($000) $3,384 (+0.7%) Shares 25,100 (-10.4%) Est. Cost $95.74 Unrealized +4.9%

V VISA INC-CLASS A SHARES 1.0%

Value ($000) $7,083 (+0.3%) Shares 79,700 (-11.9%) Est. Cost $70.84 Unrealized +14.2%

SPGI SandP GLOBAL INC 0.6%

Value ($000) $3,831 (+0.3%) Shares 29,300 (-17.5%) Est. Cost $96.34 Unrealized +19.1%

CHRW C.H. ROBINSON WORLDWIDE INC 0.4%

Value ($000) $3,007 (+0.1%) Shares 38,900 (-5.1%) Est. Cost $53.05 Unrealized +17.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC-CL A	7,410 (-30.8%)	$6,282 (-26.0%)	0.9%	$32.37	+28.9%	COMMON STOCK	02079K305
MSFT	MICROSOFT CORP	231,700 (-13.6%)	$15,260 (-8.4%)	2.3%	$33.54	+72.5%	COMMON STOCK	594918104
ARE	ALEXANDRIA REAL ESTATE EQUIT	20,900 (-35.1%)	$2,310 (-35.4%)	0.3%	$45.03	+82.3%	COMMON STOCK	015271109
—	COLONY STARWOOD HOMES	16,000 (-70.4%)	$543 (-65.1%)	0.1%	$26.11	—	COMMON STOCK	19625X102
UNH	UNITEDHEALTH GROUP INC	40,700 (-14.9%)	$6,675 (-12.7%)	1.0%	$65.43	+117.2%	COMMON STOCK	91324P102
VZ	VERIZON COMMUNICATIONS INC	161,600 (-2.1%)	$7,878 (-10.6%)	1.2%	$30.04	+4.6%	COMMON STOCK	92343V104
T	ATandT INC	223,800 (-6.8%)	$9,299 (-8.9%)	1.4%	$12.32	+35.8%	COMMON STOCK	00206R102
IBM	INTL BUSINESS MACHINES CORP	37,700 (-16.2%)	$6,565 (-12.1%)	1.0%	$101.76	+12.4%	COMMON STOCK	459200101
AMAT	APPLIED MATERIALS INC	105,400 (-32.0%)	$4,100 (-18.0%)	0.6%	$19.78	+64.5%	COMMON STOCK	038222105
UTHR	UNITED THERAPEUTICS CORP	17,900 (-22.2%)	$2,423 (-26.6%)	0.4%	$155.10	-2.3%	COMMON STOCK	91307C102
FFIV	F5 NETWORKS INC	20,100 (-22.1%)	$2,866 (-23.2%)	0.4%	$106.19	+34.4%	COMMON STOCK	315616102
DKS	DICK'S SPORTING GOODS INC	53,000 (-18.2%)	$2,579 (-25.1%)	0.4%	$31.61	+23.5%	COMMON STOCK	253393102
INTC	INTEL CORP	188,800 (-10.6%)	$6,810 (-11.1%)	1.0%	$19.31	+53.7%	COMMON STOCK	458140100
SBRA	SABRA HEALTH CARE REIT INC	50,700 (-45.3%)	$1,416 (-37.5%)	0.2%	$24.06	—	COMMON STOCK	78573L106
UPS	UNITED PARCEL SERVICE-CL B	40,400 (-10.0%)	$4,335 (-15.8%)	0.6%	$62.45	+25.5%	COMMON STOCK	911312106
—	CBS CORP-CLASS B NON VOTING	52,800 (-24.6%)	$3,662 (-17.8%)	0.5%	$54.74	—	COMMON STOCK	124857202
JBHT	HUNT (JB) TRANSPRT SVCS INC	29,500 (-15.7%)	$2,706 (-20.3%)	0.4%	$68.38	+30.6%	COMMON STOCK	445658107
MO	ALTRIA GROUP INC	87,000 (-14.7%)	$6,214 (-9.9%)	0.9%	$19.82	+94.6%	COMMON STOCK	02209S103
TXN	TEXAS INSTRUMENTS INC	59,500 (-20.7%)	$4,793 (-12.4%)	0.7%	$40.51	+49.7%	COMMON STOCK	882508104
PAYX	PAYCHEX INC	51,200 (-14.7%)	$3,016 (-17.4%)	0.4%	$34.10	+36.9%	COMMON STOCK	704326107
BF/B	BROWN-FORMAN CORP-CLASS B	63,300 (-19.9%)	$2,923 (-17.6%)	0.4%	$33.08	-4.4%	COMMON STOCK	115637209
—	DUKE REALTY CORP	38,024 (-37.7%)	$999 (-38.4%)	0.1%	$17.58	—	COMMON STOCK	264411505
—	COUSINS PROPERTIES INC	171,000 (-27.5%)	$1,414 (-29.6%)	0.2%	$10.38	—	COMMON STOCK	222795106
—	TORCHMARK CORP	38,400 (-19.7%)	$2,958 (-16.1%)	0.4%	$56.38	—	COMMON STOCK	891027104
AAPL	APPLE INC	112,500 (-21.8%)	$16,162 (-3.0%)	2.4%	$21.10	+44.3%	COMMON STOCK	037833100
—	BLACKROCK INC	10,100 (-12.2%)	$3,873 (-11.5%)	0.6%	$362.46	—	COMMON STOCK	09247X101
ADP	AUTOMATIC DATA PROCESSING	37,300 (-11.2%)	$3,819 (-11.5%)	0.6%	$63.87	+32.1%	COMMON STOCK	053015103
HSY	HERSHEY CO/THE	28,200 (-17.1%)	$3,081 (-12.4%)	0.5%	$73.25	+18.5%	COMMON STOCK	427866108
PM	PHILIP MORRIS INTERNATIONAL	67,000 (-14.1%)	$7,564 (+6.0%)	1.1%	$49.71	+31.9%	COMMON STOCK	718172109
APH	AMPHENOL CORP-CL A	46,000 (-16.4%)	$3,274 (-11.4%)	0.5%	$12.16	+30.8%	COMMON STOCK	032095101
HRL	HORMEL FOODS CORP	79,500 (-12.6%)	$2,753 (-13.1%)	0.4%	$27.62	+3.2%	COMMON STOCK	440452100
LOW	LOWE'S COS INC	57,700 (-5.4%)	$4,744 (+9.4%)	0.7%	$56.94	+14.2%	COMMON STOCK	548661107
COST	COSTCO WHOLESALE CORP	27,400 (-12.2%)	$4,595 (-8.0%)	0.7%	$99.53	+43.5%	COMMON STOCK	22160K105
TRV	TRAVELERS COS INC/THE	30,200 (-8.5%)	$3,640 (-9.9%)	0.5%	$91.51	+8.1%	COMMON STOCK	89417E109
CTAS	CINTAS CORP	25,100 (-18.8%)	$3,176 (-11.1%)	0.5%	$20.40	+32.8%	COMMON STOCK	172908105
ROK	ROCKWELL AUTOMATION INC	21,900 (-22.6%)	$3,410 (-10.4%)	0.5%	$85.80	+47.7%	COMMON STOCK	773903109
RHI	ROBERT HALF INTL INC	56,700 (-12.5%)	$2,769 (-12.4%)	0.4%	$52.93	-8.7%	COMMON STOCK	770323103
ITW	ILLINOIS TOOL WORKS	29,000 (-15.9%)	$3,842 (-9.1%)	0.6%	$68.35	+53.0%	COMMON STOCK	452308109
INTU	INTUIT INC	28,400 (-11.3%)	$3,294 (-10.2%)	0.5%	$97.25	+15.6%	COMMON STOCK	461202103
CMI	CUMMINS INC	22,200 (-17.8%)	$3,357 (-9.0%)	0.5%	$94.73	+23.8%	COMMON STOCK	231021106
LEA	LEAR CORP	20,200 (-15.8%)	$2,860 (-10.0%)	0.4%	$88.18	+35.4%	COMMON STOCK	521865204
PEG	PUBLIC SERVICE ENTERPRISE GP	74,100 (-9.6%)	$3,286 (-8.7%)	0.5%	$31.86	+2.2%	COMMON STOCK	744573106
MKC	MCCORMICK and CO-NON VTG SHRS	30,800 (-13.2%)	$3,005 (-9.3%)	0.4%	$28.98	+41.1%	COMMON STOCK	579780206
—	HCP INC	110,593 (-12.6%)	$3,459 (-8.1%)	0.5%	$40.87	—	COMMON STOCK	40414L109
GWW	WW GRAINGER INC	12,100 (-9.7%)	$2,816 (-9.5%)	0.4%	$188.43	+14.3%	COMMON STOCK	384802104
ROST	ROSS STORES INC	50,300 (-8.4%)	$3,313 (-8.0%)	0.5%	$38.23	+60.0%	COMMON STOCK	778296103
MRSH	MARSH and MCLENNAN COS	51,700 (-14.8%)	$3,820 (-6.9%)	0.6%	$47.89	+28.9%	COMMON STOCK	571748102
MA	MASTERCARD INC-CLASS A	48,900 (-12.7%)	$5,500 (-4.9%)	0.8%	$89.14	+17.0%	COMMON STOCK	57636Q104
ORLY	O'REILLY AUTOMOTIVE INC	12,200 (-4.7%)	$3,292 (-7.6%)	0.5%	$17.32	+4.3%	COMMON STOCK	67103H107
WAT	WATERS CORP	20,800 (-6.3%)	$3,251 (+9.0%)	0.5%	$127.49	+17.1%	COMMON STOCK	941848103
AVY	AVERY DENNISON CORP	37,900 (-5.3%)	$3,055 (+8.8%)	0.5%	$61.60	+7.6%	COMMON STOCK	053611109
ALL	ALLSTATE CORP	45,300 (-14.5%)	$3,691 (-6.0%)	0.5%	$55.91	+15.4%	COMMON STOCK	020002101
PFE	PFIZER INC	241,500 (-7.6%)	$8,262 (-2.7%)	1.2%	$21.05	+1.7%	COMMON STOCK	717081103
EL	ESTEE LAUDER COMPANIES-CL A	38,500 (-15.4%)	$3,264 (-6.2%)	0.5%	$62.15	+18.9%	COMMON STOCK	518439104
SJM	JM SMUCKER CO/THE	22,800 (-8.8%)	$2,989 (-6.7%)	0.4%	$109.93	-6.4%	COMMON STOCK	832696405
MTD	METTLER-TOLEDO INTERNATIONAL	6,900 (-17.9%)	$3,304 (-6.0%)	0.5%	$316.01	+44.6%	COMMON STOCK	592688105
ORCL	ORACLE CORP	144,400 (-11.3%)	$6,442 (+2.9%)	1.0%	$28.34	+28.8%	COMMON STOCK	68389X105
—	VMWARE INC-CLASS A	33,100 (-19.3%)	$3,050 (-5.5%)	0.5%	$73.34	—	COMMON STOCK	928563402
—	VARIAN MEDICAL SYSTEMS INC	31,600 (-7.1%)	$2,880 (-5.7%)	0.4%	$73.79	—	COMMON STOCK	92220P105
—	DR PEPPER SNAPPLE GROUP INC	33,500 (-11.8%)	$3,280 (-4.8%)	0.5%	$92.95	—	COMMON STOCK	26138E109
XYL	XYLEM INC	58,100 (-6.3%)	$2,918 (-5.0%)	0.4%	$43.77	+0.1%	COMMON STOCK	98419M100
OMC	OMNICOM GROUP	36,800 (-5.6%)	$3,173 (-4.4%)	0.5%	$52.01	+20.1%	COMMON STOCK	681919106
CL	COLGATE-PALMOLIVE CO	60,200 (-13.4%)	$4,406 (-3.1%)	0.7%	$49.10	+15.8%	COMMON STOCK	194162103
HD	HOME DEPOT INC	51,100 (-10.4%)	$7,503 (-1.8%)	1.1%	$62.49	+83.0%	COMMON STOCK	437076102
—	CR BARD INC	13,200 (-13.2%)	$3,281 (-3.9%)	0.5%	$190.36	—	COMMON STOCK	067383109
MMM	3M CO	30,800 (-8.3%)	$5,893 (-1.8%)	0.9%	$71.80	+58.3%	COMMON STOCK	88579Y101
—	WABCO HOLDINGS INC	26,200 (-6.4%)	$3,076 (+3.5%)	0.5%	$113.53	—	COMMON STOCK	92927K102
—	GRAMERCY PROPERTY TRUST	81,666 (-66.7%)	$2,148 (-4.5%)	0.3%	$9.18	—	COMMON STOCK	385002308
AFL	AFLAC INC	48,300 (-5.7%)	$3,498 (-1.9%)	0.5%	$22.89	+25.9%	COMMON STOCK	001055102
EXPD	EXPEDITORS INTL WASH INC	55,300 (-5.0%)	$3,124 (+1.4%)	0.5%	$42.31	+16.1%	COMMON STOCK	302130109
DRI	DARDEN RESTAURANTS INC	38,700 (-12.0%)	$3,238 (+1.2%)	0.5%	$53.91	+8.6%	COMMON STOCK	237194105
SBUX	STARBUCKS CORP	82,000 (-4.2%)	$4,788 (+0.7%)	0.7%	$33.68	+38.9%	COMMON STOCK	855244109
DIS	WALT DISNEY CO/THE	63,900 (-7.8%)	$7,246 (+0.3%)	1.1%	$69.31	+48.6%	COMMON STOCK	254687106
CLX	CLOROX COMPANY	25,100 (-10.4%)	$3,384 (+0.7%)	0.5%	$95.74	+4.9%	COMMON STOCK	189054109
V	VISA INC-CLASS A SHARES	79,700 (-11.9%)	$7,083 (+0.3%)	1.0%	$70.84	+14.2%	COMMON STOCK	92826C839
SPGI	SandP GLOBAL INC	29,300 (-17.5%)	$3,831 (+0.3%)	0.6%	$96.34	+19.1%	COMMON STOCK	78409V104
CHRW	C.H. ROBINSON WORLDWIDE INC	38,900 (-5.1%)	$3,007 (+0.1%)	0.4%	$53.05	+17.4%	COMMON STOCK	12541W209

Unchanged Positions (77)

SWKS SKYWORKS SOLUTIONS INC 0.6%

Value ($000) $4,066 Shares 41,500 Est. Cost $63.97 Unrealized +18.0%

ISRG INTUITIVE SURGICAL INC 0.6%

Value ($000) $3,909 Shares 5,100 Est. Cost $56.16 Unrealized +40.7%

— COACH INC 0.5%

Value ($000) $3,306 Shares 80,000 Est. Cost $40.74 Unrealized —

SHW SHERWIN-WILLIAMS CO/THE 0.5%

Value ($000) $3,567 Shares 11,500 Est. Cost $79.61 Unrealized +16.8%

EFX EQUIFAX INC 0.5%

Value ($000) $3,419 Shares 25,000 Est. Cost $95.83 Unrealized +22.3%

— DDR CORP 0.3%

Value ($000) $1,767 Shares 141,000 Est. Cost $16.95 Unrealized —

SPG SIMON PROPERTY GROUP INC 1.7%

Value ($000) $11,717 Shares 68,108 Est. Cost $90.22 Unrealized +23.6%

HSIC HENRY SCHEIN INC 0.5%

Value ($000) $3,144 Shares 18,500 Est. Cost $59.46 Unrealized +9.3%

BRX BRIXMOR PROPERTY GROUP INC 0.4%

Value ($000) $2,382 Shares 111,000 Est. Cost $25.62 Unrealized —

PCG P G and E CORP 0.6%

Value ($000) $3,849 Shares 58,000 Est. Cost $52.19 Unrealized +18.1%

TROW T ROWE PRICE GROUP INC 0.4%

Value ($000) $2,965 Shares 43,500 Est. Cost $50.99 Unrealized +0.1%

DLR DIGITAL REALTY TRUST INC 0.5%

Value ($000) $3,362 Shares 31,600 Est. Cost $37.62 Unrealized +105.3%

AEP AMERICAN ELECTRIC POWER 0.6%

Value ($000) $3,759 Shares 56,000 Est. Cost $44.69 Unrealized +6.0%

DUK DUKE ENERGY CORP 0.6%

Value ($000) $4,224 Shares 51,500 Est. Cost $46.61 Unrealized +18.6%

TJX TJX COMPANIES INC 0.6%

Value ($000) $4,136 Shares 52,300 Est. Cost $29.40 Unrealized +15.7%

— SENIOR HOUSING PROP TRUST 0.4%

Value ($000) $3,019 Shares 149,100 Est. Cost $19.32 Unrealized —

WELL WELLTOWER INC 0.5%

Value ($000) $3,538 Shares 49,953 Est. Cost $44.65 Unrealized +9.4%

— CARE CAPITAL PROPERTIES INC 0.4%

Value ($000) $2,812 Shares 104,670 Est. Cost $27.51 Unrealized —

SKT TANGER FACTORY OUTLET CENTER 0.3%

Value ($000) $2,065 Shares 63,000 Est. Cost $33.85 Unrealized —

— CBL and ASSOCIATES PROPERTIES 0.1%

Value ($000) $868 Shares 91,000 Est. Cost $9.31 Unrealized —

KIM KIMCO REALTY CORP 0.2%

Value ($000) $1,275 Shares 57,731 Est. Cost $12.61 Unrealized +21.7%

VTR VENTAS INC 0.6%

Value ($000) $4,064 Shares 62,482 Est. Cost $44.48 Unrealized -4.4%

BIIB BIOGEN INC 0.6%

Value ($000) $4,238 Shares 15,500 Est. Cost $230.33 Unrealized +22.8%

AVB AVALONBAY COMMUNITIES INC 0.6%

Value ($000) $4,318 Shares 23,520 Est. Cost $85.93 Unrealized +54.0%

MAC MACERICH CO/THE 0.2%

Value ($000) $1,514 Shares 23,507 Est. Cost $60.58 Unrealized —

IRM IRON MOUNTAIN INC 0.2%

Value ($000) $1,605 Shares 45,000 Est. Cost $21.78 Unrealized -1.3%

— DUPONT FABROS TECHNOLOGY 0.2%

Value ($000) $1,190 Shares 24,000 Est. Cost $37.36 Unrealized —

GLPI GAMING AND LEISURE PROPERTIE 0.2%

Value ($000) $1,604 Shares 48,000 Est. Cost $29.35 Unrealized —

— SILVER BAY REALTY TRUST CORP 0.1%

Value ($000) $644 Shares 30,000 Est. Cost $14.85 Unrealized —

— TAUBMAN CENTERS INC 0.2%

Value ($000) $1,056 Shares 16,000 Est. Cost $71.25 Unrealized —

MAA MID-AMERICA APARTMENT COMM 0.5%

Value ($000) $3,331 Shares 32,740 Est. Cost $54.68 Unrealized +33.1%

EQR EQUITY RESIDENTIAL 0.5%

Value ($000) $3,444 Shares 55,356 Est. Cost $33.59 Unrealized +34.6%

VNO VORNADO REALTY TRUST 0.4%

Value ($000) $2,785 Shares 27,765 Est. Cost $82.84 Unrealized —

CPT CAMDEN PROPERTY TRUST 0.4%

Value ($000) $2,443 Shares 30,369 Est. Cost $46.09 Unrealized +31.8%

BXP BOSTON PROPERTIES INC 0.3%

Value ($000) $2,174 Shares 16,417 Est. Cost $64.00 Unrealized +41.6%

— WEINGARTEN REALTY INVESTORS 0.2%

Value ($000) $1,514 Shares 45,336 Est. Cost $30.78 Unrealized —

GPC GENUINE PARTS CO 0.4%

Value ($000) $2,957 Shares 32,000 Est. Cost $65.22 Unrealized +13.8%

— CHESAPEAKE LODGING TRUST 0.2%

Value ($000) $1,234 Shares 51,500 Est. Cost $22.49 Unrealized —

PSA PUBLIC STORAGE 0.7%

Value ($000) $4,613 Shares 21,074 Est. Cost $97.16 Unrealized +58.7%

— QUALITY CARE PROPERTIES 0.1%

Value ($000) $542 Shares 28,718 Est. Cost $15.50 Unrealized —

STAG STAG INDUSTRIAL INC 0.3%

Value ($000) $2,014 Shares 80,500 Est. Cost $19.62 Unrealized —

CDP CORPORATE OFFICE PROPERTIES 0.2%

Value ($000) $1,622 Shares 49,000 Est. Cost $29.17 Unrealized —

— LASALLE HOTEL PROPERTIES 0.3%

Value ($000) $1,696 Shares 58,600 Est. Cost $24.15 Unrealized —

RLJ RLJ LODGING TRUST 0.3%

Value ($000) $1,862 Shares 79,200 Est. Cost $23.24 Unrealized —

PLD PROLOGIS INC 0.6%

Value ($000) $4,358 Shares 84,000 Est. Cost $29.27 Unrealized +35.4%

RMR RMR GROUP INC/THE - A 0.1%

Value ($000) $380 Shares 7,684 Est. Cost $7.12 Unrealized +252.5%

— SELECT INCOME REIT 0.5%

Value ($000) $3,244 Shares 125,800 Est. Cost $26.33 Unrealized —

— PARKWAY INC 0.1%

Value ($000) $587 Shares 29,500 Est. Cost $22.24 Unrealized —

— LIBERTY PROPERTY TRUST 0.4%

Value ($000) $2,741 Shares 71,096 Est. Cost $37.54 Unrealized —

HIW HIGHWOODS PROPERTIES INC 0.2%

Value ($000) $1,513 Shares 30,802 Est. Cost $35.61 Unrealized —

— COLUMBIA PROPERTY TRUST INC 0.3%

Value ($000) $1,914 Shares 86,000 Est. Cost $22.21 Unrealized —

DRH DIAMONDROCK HOSPITALITY CO 0.2%

Value ($000) $1,650 Shares 148,000 Est. Cost $9.10 Unrealized —

— Life Storage Inc 0.2%

Value ($000) $1,396 Shares 17,000 Est. Cost $87.61 Unrealized —

— CYRUSONE INC 0.1%

Value ($000) $401 Shares 7,800 Est. Cost $29.44 Unrealized —

— NEW SENIOR INVESTMENT GROUP 0.2%

Value ($000) $1,255 Shares 123,000 Est. Cost $10.30 Unrealized —

— AMERICAN CAMPUS COMMUNITIES 0.2%

Value ($000) $1,023 Shares 21,500 Est. Cost $37.00 Unrealized —

— APARTMENT INVT and MGMT CO -A 0.3%

Value ($000) $1,841 Shares 41,500 Est. Cost $42.96 Unrealized —

EPR EPR PROPERTIES 0.3%

Value ($000) $1,716 Shares 23,300 Est. Cost $51.02 Unrealized —

BDN BRANDYWINE REALTY TRUST 0.4%

Value ($000) $2,490 Shares 153,400 Est. Cost $13.60 Unrealized —

HST HOST HOTELS and RESORTS INC 0.5%

Value ($000) $3,433 Shares 183,998 Est. Cost $10.94 Unrealized +18.3%

— MONOGRAM RESIDENTIAL TRUST I 0.1%

Value ($000) $345 Shares 34,625 Est. Cost $9.86 Unrealized —

ESRT EMPIRE STATE REALTY TRUST-A 0.2%

Value ($000) $1,362 Shares 66,000 Est. Cost $17.53 Unrealized —

ELME WASHINGTON REIT 0.1%

Value ($000) $500 Shares 16,000 Est. Cost $32.69 Unrealized —

— HEALTHCARE REALTY TRUST INC 0.1%

Value ($000) $347 Shares 10,682 Est. Cost $25.50 Unrealized —

— PHYSICIANS REALTY TRUST 0.1%

Value ($000) $457 Shares 23,000 Est. Cost $13.94 Unrealized —

— HOSPITALITY PROPERTIES TRUST 0.3%

Value ($000) $2,315 Shares 73,434 Est. Cost $27.41 Unrealized —

— SL GREEN REALTY CORP 0.3%

Value ($000) $1,804 Shares 16,923 Est. Cost $92.30 Unrealized —

KRC KILROY REALTY CORP 0.1%

Value ($000) $937 Shares 13,000 Est. Cost $61.85 Unrealized —

— VEREIT INC 0.5%

Value ($000) $3,226 Shares 380,000 Est. Cost $8.82 Unrealized —

ESS ESSEX PROPERTY TRUST INC 0.3%

Value ($000) $2,037 Shares 8,800 Est. Cost $127.99 Unrealized +33.0%

EGP EASTGROUP PROPERTIES INC 0.3%

Value ($000) $2,074 Shares 28,200 Est. Cost $57.86 Unrealized —

— INFRAREIT INC 0.2%

Value ($000) $1,569 Shares 87,180 Est. Cost $17.64 Unrealized —

UDR UDR INC 0.2%

Value ($000) $1,282 Shares 35,367 Est. Cost $15.84 Unrealized +64.4%

— CA INC 0.4%

Value ($000) $2,918 Shares 92,000 Est. Cost $27.30 Unrealized —

— DCT INDUSTRIAL TRUST INC 0.1%

Value ($000) $579 Shares 12,025 Est. Cost $33.65 Unrealized —

INN SUMMIT HOTEL PROPERTIES INC 0.1%

Value ($000) $783 Shares 49,000 Est. Cost $14.07 Unrealized —

— RETAIL OPPORTUNITY INVESTMEN 0.1%

Value ($000) $368 Shares 17,500 Est. Cost $13.90 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SWKS	SKYWORKS SOLUTIONS INC	41,500	$4,066	0.6%	$63.97	+18.0%	COMMON STOCK	83088M102
ISRG	INTUITIVE SURGICAL INC	5,100	$3,909	0.6%	$56.16	+40.7%	COMMON STOCK	46120E602
—	COACH INC	80,000	$3,306	0.5%	$40.74	—	COMMON STOCK	189754104
SHW	SHERWIN-WILLIAMS CO/THE	11,500	$3,567	0.5%	$79.61	+16.8%	COMMON STOCK	824348106
EFX	EQUIFAX INC	25,000	$3,419	0.5%	$95.83	+22.3%	COMMON STOCK	294429105
—	DDR CORP	141,000	$1,767	0.3%	$16.95	—	COMMON STOCK	23317H102
SPG	SIMON PROPERTY GROUP INC	68,108	$11,717	1.7%	$90.22	+23.6%	COMMON STOCK	828806109
HSIC	HENRY SCHEIN INC	18,500	$3,144	0.5%	$59.46	+9.3%	COMMON STOCK	806407102
BRX	BRIXMOR PROPERTY GROUP INC	111,000	$2,382	0.4%	$25.62	—	COMMON STOCK	11120U105
PCG	P G and E CORP	58,000	$3,849	0.6%	$52.19	+18.1%	COMMON STOCK	69331C108
TROW	T ROWE PRICE GROUP INC	43,500	$2,965	0.4%	$50.99	+0.1%	COMMON STOCK	74144T108
DLR	DIGITAL REALTY TRUST INC	31,600	$3,362	0.5%	$37.62	+105.3%	COMMON STOCK	253868103
AEP	AMERICAN ELECTRIC POWER	56,000	$3,759	0.6%	$44.69	+6.0%	COMMON STOCK	025537101
DUK	DUKE ENERGY CORP	51,500	$4,224	0.6%	$46.61	+18.6%	COMMON STOCK	26441C204
TJX	TJX COMPANIES INC	52,300	$4,136	0.6%	$29.40	+15.7%	COMMON STOCK	872540109
—	SENIOR HOUSING PROP TRUST	149,100	$3,019	0.4%	$19.32	—	COMMON STOCK	81721M109
WELL	WELLTOWER INC	49,953	$3,538	0.5%	$44.65	+9.4%	COMMON STOCK	95040Q104
—	CARE CAPITAL PROPERTIES INC	104,670	$2,812	0.4%	$27.51	—	COMMON STOCK	141624106
SKT	TANGER FACTORY OUTLET CENTER	63,000	$2,065	0.3%	$33.85	—	COMMON STOCK	875465106
—	CBL and ASSOCIATES PROPERTIES	91,000	$868	0.1%	$9.31	—	COMMON STOCK	124830100
KIM	KIMCO REALTY CORP	57,731	$1,275	0.2%	$12.61	+21.7%	COMMON STOCK	49446R109
VTR	VENTAS INC	62,482	$4,064	0.6%	$44.48	-4.4%	COMMON STOCK	92276F100
BIIB	BIOGEN INC	15,500	$4,238	0.6%	$230.33	+22.8%	COMMON STOCK	09062X103
AVB	AVALONBAY COMMUNITIES INC	23,520	$4,318	0.6%	$85.93	+54.0%	COMMON STOCK	053484101
MAC	MACERICH CO/THE	23,507	$1,514	0.2%	$60.58	—	COMMON STOCK	554382101
IRM	IRON MOUNTAIN INC	45,000	$1,605	0.2%	$21.78	-1.3%	COMMON STOCK	46284V101
—	DUPONT FABROS TECHNOLOGY	24,000	$1,190	0.2%	$37.36	—	COMMON STOCK	26613Q106
GLPI	GAMING AND LEISURE PROPERTIE	48,000	$1,604	0.2%	$29.35	—	COMMON STOCK	36467J108
—	SILVER BAY REALTY TRUST CORP	30,000	$644	0.1%	$14.85	—	COMMON STOCK	82735Q102
—	TAUBMAN CENTERS INC	16,000	$1,056	0.2%	$71.25	—	COMMON STOCK	876664103
MAA	MID-AMERICA APARTMENT COMM	32,740	$3,331	0.5%	$54.68	+33.1%	COMMON STOCK	59522J103
EQR	EQUITY RESIDENTIAL	55,356	$3,444	0.5%	$33.59	+34.6%	COMMON STOCK	29476L107
VNO	VORNADO REALTY TRUST	27,765	$2,785	0.4%	$82.84	—	COMMON STOCK	929042109
CPT	CAMDEN PROPERTY TRUST	30,369	$2,443	0.4%	$46.09	+31.8%	COMMON STOCK	133131102
BXP	BOSTON PROPERTIES INC	16,417	$2,174	0.3%	$64.00	+41.6%	COMMON STOCK	101121101
—	WEINGARTEN REALTY INVESTORS	45,336	$1,514	0.2%	$30.78	—	COMMON STOCK	948741103
GPC	GENUINE PARTS CO	32,000	$2,957	0.4%	$65.22	+13.8%	COMMON STOCK	372460105
—	CHESAPEAKE LODGING TRUST	51,500	$1,234	0.2%	$22.49	—	COMMON STOCK	165240102
PSA	PUBLIC STORAGE	21,074	$4,613	0.7%	$97.16	+58.7%	COMMON STOCK	74460D109
—	QUALITY CARE PROPERTIES	28,718	$542	0.1%	$15.50	—	COMMON STOCK	747545101
STAG	STAG INDUSTRIAL INC	80,500	$2,014	0.3%	$19.62	—	COMMON STOCK	85254J102
CDP	CORPORATE OFFICE PROPERTIES	49,000	$1,622	0.2%	$29.17	—	COMMON STOCK	22002T108
—	LASALLE HOTEL PROPERTIES	58,600	$1,696	0.3%	$24.15	—	COMMON STOCK	517942108
RLJ	RLJ LODGING TRUST	79,200	$1,862	0.3%	$23.24	—	COMMON STOCK	74965L101
PLD	PROLOGIS INC	84,000	$4,358	0.6%	$29.27	+35.4%	COMMON STOCK	74340W103
RMR	RMR GROUP INC/THE - A	7,684	$380	0.1%	$7.12	+252.5%	COMMON STOCK	74967R106
—	SELECT INCOME REIT	125,800	$3,244	0.5%	$26.33	—	COMMON STOCK	81618T100
—	PARKWAY INC	29,500	$587	0.1%	$22.24	—	COMMON STOCK	70156Q107
—	LIBERTY PROPERTY TRUST	71,096	$2,741	0.4%	$37.54	—	COMMON STOCK	531172104
HIW	HIGHWOODS PROPERTIES INC	30,802	$1,513	0.2%	$35.61	—	COMMON STOCK	431284108
—	COLUMBIA PROPERTY TRUST INC	86,000	$1,914	0.3%	$22.21	—	COMMON STOCK	198287203
DRH	DIAMONDROCK HOSPITALITY CO	148,000	$1,650	0.2%	$9.10	—	COMMON STOCK	252784301
—	Life Storage Inc	17,000	$1,396	0.2%	$87.61	—	COMMON STOCK	53223X107
—	CYRUSONE INC	7,800	$401	0.1%	$29.44	—	COMMON STOCK	23283R100
—	NEW SENIOR INVESTMENT GROUP	123,000	$1,255	0.2%	$10.30	—	COMMON STOCK	648691103
—	AMERICAN CAMPUS COMMUNITIES	21,500	$1,023	0.2%	$37.00	—	COMMON STOCK	024835100
—	APARTMENT INVT and MGMT CO -A	41,500	$1,841	0.3%	$42.96	—	COMMON STOCK	03748R101
EPR	EPR PROPERTIES	23,300	$1,716	0.3%	$51.02	—	COMMON STOCK	26884U109
BDN	BRANDYWINE REALTY TRUST	153,400	$2,490	0.4%	$13.60	—	COMMON STOCK	105368203
HST	HOST HOTELS and RESORTS INC	183,998	$3,433	0.5%	$10.94	+18.3%	COMMON STOCK	44107P104
—	MONOGRAM RESIDENTIAL TRUST I	34,625	$345	0.1%	$9.86	—	COMMON STOCK	60979P105
ESRT	EMPIRE STATE REALTY TRUST-A	66,000	$1,362	0.2%	$17.53	—	COMMON STOCK	292104106
ELME	WASHINGTON REIT	16,000	$500	0.1%	$32.69	—	COMMON STOCK	939653101
—	HEALTHCARE REALTY TRUST INC	10,682	$347	0.1%	$25.50	—	COMMON STOCK	421946104
—	PHYSICIANS REALTY TRUST	23,000	$457	0.1%	$13.94	—	COMMON STOCK	71943U104
—	HOSPITALITY PROPERTIES TRUST	73,434	$2,315	0.3%	$27.41	—	COMMON STOCK	44106M102
—	SL GREEN REALTY CORP	16,923	$1,804	0.3%	$92.30	—	COMMON STOCK	78440X101
KRC	KILROY REALTY CORP	13,000	$937	0.1%	$61.85	—	COMMON STOCK	49427F108
—	VEREIT INC	380,000	$3,226	0.5%	$8.82	—	COMMON STOCK	92339V100
ESS	ESSEX PROPERTY TRUST INC	8,800	$2,037	0.3%	$127.99	+33.0%	COMMON STOCK	297178105
EGP	EASTGROUP PROPERTIES INC	28,200	$2,074	0.3%	$57.86	—	COMMON STOCK	277276101
—	INFRAREIT INC	87,180	$1,569	0.2%	$17.64	—	COMMON STOCK	45685L100
UDR	UDR INC	35,367	$1,282	0.2%	$15.84	+64.4%	COMMON STOCK	902653104
—	CA INC	92,000	$2,918	0.4%	$27.30	—	COMMON STOCK	12673P105
—	DCT INDUSTRIAL TRUST INC	12,025	$579	0.1%	$33.65	—	COMMON STOCK	233153204
INN	SUMMIT HOTEL PROPERTIES INC	49,000	$783	0.1%	$14.07	—	COMMON STOCK	866082100
—	RETAIL OPPORTUNITY INVESTMEN	17,500	$368	0.1%	$13.90	—	COMMON STOCK	76131N101