Pensionfund PDN Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CMCSA	COMCAST CORP-CLASS A	151,000	$5,160	0.9%	$31.79	0.0%	COMMON STOCK	20030N101
CSX	CSX CORP	66,000	$3,677	0.7%	$16.81	0.0%	COMMON STOCK	126408103
ZTS	ZOETIS INC	44,000	$3,674	0.7%	$74.07	0.0%	COMMON STOCK	98978V103
—	LAM RESEARCH CORP	17,000	$3,454	0.6%	$203.18	—	COMMON STOCK	512807108
HPQ	HP INC	150,000	$3,288	0.6%	$17.36	0.0%	COMMON STOCK	40434L105
MSCI	MSCI INC	22,000	$3,288	0.6%	$132.00	0.0%	COMMON STOCK	55354G100
DTE	DTE ENERGY COMPANY	30,000	$3,132	0.6%	$67.23	0.0%	COMMON STOCK	233331107
GWW	WW GRAINGER INC	11,000	$3,105	0.6%	$235.02	0.0%	COMMON STOCK	384802104
TROW	T ROWE PRICE GROUP INC	28,000	$3,023	0.5%	$82.41	0.0%	COMMON STOCK	74144T108
—	DISCOVER FINANCIAL SERVICES	42,000	$3,021	0.5%	$71.93	—	COMMON STOCK	254709108
BF/B	BROWN-FORMAN CORP-CLASS B	55,000	$2,992	0.5%	$46.83	0.0%	COMMON STOCK	115637209
ORLY	O'REILLY AUTOMOTIVE INC	12,000	$2,969	0.5%	$16.91	0.0%	COMMON STOCK	67103H107
PNW	PINNACLE WEST CAPITAL	37,000	$2,953	0.5%	$56.89	0.0%	COMMON STOCK	723484101
EXPD	EXPEDITORS INTL WASH INC	46,000	$2,912	0.5%	$58.41	0.0%	COMMON STOCK	302130109
LUV	SOUTHWEST AIRLINES CO	50,000	$2,864	0.5%	$54.35	0.0%	COMMON STOCK	844741108
JBHT	HUNT (JB) TRANSPRT SVCS INC	24,000	$2,812	0.5%	$111.28	0.0%	COMMON STOCK	445658107
UGI	UGI CORP	63,000	$2,798	0.5%	$44.84	0.0%	COMMON STOCK	902681105
DLTR	DOLLAR TREE INC	29,000	$2,752	0.5%	$104.83	0.0%	COMMON STOCK	256746108
AZO	AUTOZONE INC	4,100	$2,660	0.5%	$715.82	0.0%	COMMON STOCK	053332102
GIS	GENERAL MILLS INC	58,000	$2,613	0.5%	$40.98	0.0%	COMMON STOCK	370334104
UTHR	UNITED THERAPEUTICS CORP	22,000	$2,472	0.4%	$127.04	0.0%	COMMON STOCK	91307C102
CUBE	CUBESMART	62,000	$1,748	0.3%	$28.19	—	COMMON STOCK	229663109
MPT	MEDICAL PROPERTIES TRUST INC	120,000	$1,560	0.3%	$13.00	—	COMMON STOCK	58463J304
—	EDUCATION REALTY TRUST INC	42,000	$1,376	0.2%	$32.76	—	COMMON STOCK	28140H203
UMH	UMH PROPERTIES INC	97,083	$1,302	0.2%	$13.41	—	COMMON STOCK	903002103
—	UNITI GROUP INC	65,000	$1,056	0.2%	$16.25	—	COMMON STOCK	91325V108
—	MONMOUTH REAL ESTATE INV COR	67,000	$1,008	0.2%	$15.04	—	COMMON STOCK	609720107
CLDT	CHATHAM LODGING TRUST	48,000	$919	0.2%	$19.15	—	COMMON STOCK	16208T102
SHO	SUNSTONE HOTEL INVESTORS INC	30,000	$457	0.1%	$15.23	—	COMMON STOCK	867892101
FPI	FARMLAND PARTNERS INC	51,653	$431	0.1%	$8.34	—	COMMON STOCK	31154R109
NHI	NATL HEALTH INVESTORS INC	6,000	$404	0.1%	$67.33	—	COMMON STOCK	63633D104
AMH	AMERICAN HOMES 4 RENT- A	20,000	$402	0.1%	$20.10	—	COMMON STOCK	02665T306
—	NEW YORK REIT INC	5,300	$114	0.0%	$21.51	—	COMMON STOCK	64976L208

Increased Positions (25)

— INGERSOLL-RAND PLC 1.1%

Value ($000) $6,112 (+85.2%) Shares 64,400 (+74.1%) Est. Cost $90.85 Unrealized —

— PHYSICIANS REALTY TRUST 0.3%

Value ($000) $1,448 (+249.8%) Shares 93,000 (+304.3%) Est. Cost $15.17 Unrealized —

AFL AFLAC INC 0.6%

Value ($000) $3,326 (-21.6%) Shares 76,000 (+57.3%) Est. Cost $27.96 Unrealized +31.6%

— COLONY NORTHSTAR INC-CLASS A 0.3%

Value ($000) $1,929 (+67.2%) Shares 343,163 (+239.2%) Est. Cost $7.77 Unrealized —

AHRT ARMADA HOFFLER PROPERTIES IN 0.2%

Value ($000) $1,027 (+164.7%) Shares 75,000 (+200.0%) Est. Cost $14.30 Unrealized —

— HUDSON PACIFIC PROPERTIES IN 0.4%

Value ($000) $1,968 (+41.9%) Shares 60,500 (+49.4%) Est. Cost $33.35 Unrealized —

— SPIRIT REALTY CAPITAL INC 0.3%

Value ($000) $1,730 (+45.0%) Shares 223,000 (+60.4%) Est. Cost $7.75 Unrealized —

— TIER REIT INC 0.1%

Value ($000) $824 (+169.3%) Shares 44,600 (+197.3%) Est. Cost $18.09 Unrealized —

FFIV F5 NETWORKS INC 0.6%

Value ($000) $3,138 (+19.0%) Shares 21,700 (+8.0%) Est. Cost $108.93 Unrealized +31.6%

GNL GLOBAL NET LEASE INC 0.3%

Value ($000) $1,492 (+49.8%) Shares 88,408 (+82.6%) Est. Cost $19.63 Unrealized —

EPR EPR PROPERTIES 0.4%

Value ($000) $2,316 (+20.8%) Shares 41,800 (+42.7%) Est. Cost $54.41 Unrealized —

— CYRUSONE INC 0.1%

Value ($000) $809 (+74.4%) Shares 15,800 (+102.6%) Est. Cost $40.46 Unrealized —

WELL WELLTOWER INC 0.6%

Value ($000) $3,481 (+9.3%) Shares 63,953 (+28.0%) Est. Cost $44.28 Unrealized -3.0%

— Life Storage Inc 0.3%

Value ($000) $1,796 (+18.6%) Shares 21,500 (+26.5%) Est. Cost $86.76 Unrealized —

LEG LEGGETT and PLATT INC 0.5%

Value ($000) $2,750 (+10.8%) Shares 62,000 (+19.2%) Est. Cost $51.17 Unrealized -10.4%

OMC OMNICOM GROUP 0.5%

Value ($000) $2,936 (+9.6%) Shares 40,400 (+9.8%) Est. Cost $52.41 Unrealized +7.8%

— AMERICAN CAMPUS COMMUNITIES 0.3%

Value ($000) $1,931 (+14.8%) Shares 50,000 (+22.0%) Est. Cost $38.86 Unrealized —

PPL PPL CORP 0.5%

Value ($000) $2,829 (+8.8%) Shares 100,000 (+19.0%) Est. Cost $25.40 Unrealized -17.8%

CDP CORPORATE OFFICE PROPERTIES 0.3%

Value ($000) $1,576 (+10.1%) Shares 61,000 (+24.5%) Est. Cost $28.52 Unrealized —

— FOREST CITY REALTY TRUST- A 0.3%

Value ($000) $1,783 (+5.7%) Shares 88,000 (+25.7%) Est. Cost $21.20 Unrealized —

— QTS REALTY TRUST INC-CL A 0.2%

Value ($000) $978 (+6.2%) Shares 27,000 (+58.8%) Est. Cost $46.38 Unrealized —

— GRAMERCY PROPERTY TRUST 0.4%

Value ($000) $2,122 (-2.5%) Shares 97,666 (+19.6%) Est. Cost $11.24 Unrealized —

VRE MACK-CALI REALTY CORP 0.2%

Value ($000) $1,170 (+4.4%) Shares 70,000 (+34.6%) Est. Cost $21.91 Unrealized —

FISV FISERV INC 0.6%

Value ($000) $3,366 (-1.3%) Shares 47,200 (+81.5%) Est. Cost $62.50 Unrealized +12.5%

IRM IRON MOUNTAIN INC 0.5%

Value ($000) $2,547 (+1.5%) Shares 77,500 (+16.5%) Est. Cost $22.46 Unrealized -3.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	INGERSOLL-RAND PLC	64,400 (+74.1%)	$6,112 (+85.2%)	1.1%	$90.85	—	COMMON STOCK	000000000
—	PHYSICIANS REALTY TRUST	93,000 (+304.3%)	$1,448 (+249.8%)	0.3%	$15.17	—	COMMON STOCK	71943U104
AFL	AFLAC INC	76,000 (+57.3%)	$3,326 (-21.6%)	0.6%	$27.96	+31.6%	COMMON STOCK	001055102
—	COLONY NORTHSTAR INC-CLASS A	343,163 (+239.2%)	$1,929 (+67.2%)	0.3%	$7.77	—	COMMON STOCK	19625W104
AHRT	ARMADA HOFFLER PROPERTIES IN	75,000 (+200.0%)	$1,027 (+164.7%)	0.2%	$14.30	—	COMMON STOCK	04208T108
—	HUDSON PACIFIC PROPERTIES IN	60,500 (+49.4%)	$1,968 (+41.9%)	0.4%	$33.35	—	COMMON STOCK	444097109
—	SPIRIT REALTY CAPITAL INC	223,000 (+60.4%)	$1,730 (+45.0%)	0.3%	$7.75	—	COMMON STOCK	84860W102
—	TIER REIT INC	44,600 (+197.3%)	$824 (+169.3%)	0.1%	$18.09	—	COMMON STOCK	88650V208
FFIV	F5 NETWORKS INC	21,700 (+8.0%)	$3,138 (+19.0%)	0.6%	$108.93	+31.6%	COMMON STOCK	315616102
GNL	GLOBAL NET LEASE INC	88,408 (+82.6%)	$1,492 (+49.8%)	0.3%	$19.63	—	COMMON STOCK	379378201
EPR	EPR PROPERTIES	41,800 (+42.7%)	$2,316 (+20.8%)	0.4%	$54.41	—	COMMON STOCK	26884U109
—	CYRUSONE INC	15,800 (+102.6%)	$809 (+74.4%)	0.1%	$40.46	—	COMMON STOCK	23283R100
WELL	WELLTOWER INC	63,953 (+28.0%)	$3,481 (+9.3%)	0.6%	$44.28	-3.0%	COMMON STOCK	95040Q104
—	Life Storage Inc	21,500 (+26.5%)	$1,796 (+18.6%)	0.3%	$86.76	—	COMMON STOCK	53223X107
LEG	LEGGETT and PLATT INC	62,000 (+19.2%)	$2,750 (+10.8%)	0.5%	$51.17	-10.4%	COMMON STOCK	524660107
OMC	OMNICOM GROUP	40,400 (+9.8%)	$2,936 (+9.6%)	0.5%	$52.41	+7.8%	COMMON STOCK	681919106
—	AMERICAN CAMPUS COMMUNITIES	50,000 (+22.0%)	$1,931 (+14.8%)	0.3%	$38.86	—	COMMON STOCK	024835100
PPL	PPL CORP	100,000 (+19.0%)	$2,829 (+8.8%)	0.5%	$25.40	-17.8%	COMMON STOCK	69351T106
CDP	CORPORATE OFFICE PROPERTIES	61,000 (+24.5%)	$1,576 (+10.1%)	0.3%	$28.52	—	COMMON STOCK	22002T108
—	FOREST CITY REALTY TRUST- A	88,000 (+25.7%)	$1,783 (+5.7%)	0.3%	$21.20	—	COMMON STOCK	345605109
—	QTS REALTY TRUST INC-CL A	27,000 (+58.8%)	$978 (+6.2%)	0.2%	$46.38	—	COMMON STOCK	74736A103
—	GRAMERCY PROPERTY TRUST	97,666 (+19.6%)	$2,122 (-2.5%)	0.4%	$11.24	—	COMMON STOCK	385002308
VRE	MACK-CALI REALTY CORP	70,000 (+34.6%)	$1,170 (+4.4%)	0.2%	$21.91	—	COMMON STOCK	554489104
FISV	FISERV INC	47,200 (+81.5%)	$3,366 (-1.3%)	0.6%	$62.50	+12.5%	COMMON STOCK	337738108
IRM	IRON MOUNTAIN INC	77,500 (+16.5%)	$2,547 (+1.5%)	0.5%	$22.46	-3.1%	COMMON STOCK	46284V101

Exited Positions (35)

T ATandT INC 1.6%

Value ($000) $8,701 Shares 223,800 Est. Cost $12.32 Unrealized +28.3%

PM PHILIP MORRIS INTERNATIONAL 1.3%

Value ($000) $7,079 Shares 67,000 Est. Cost $49.71 Unrealized +38.2%

PEP PEPSICO INC 1.2%

Value ($000) $6,955 Shares 58,000 Est. Cost $88.18 Unrealized +1.2%

DIS WALT DISNEY CO/THE 1.2%

Value ($000) $6,870 Shares 63,900 Est. Cost $69.31 Unrealized +45.7%

— GENERAL ELECTRIC CO 1.0%

Value ($000) $5,619 Shares 322,000 Est. Cost $24.18 Unrealized —

— UNITED TECHNOLOGIES CORP 1.0%

Value ($000) $5,600 Shares 43,900 Est. Cost $112.21 Unrealized —

BMY BRISTOL-MYERS SQUIBB CO 0.9%

Value ($000) $5,025 Shares 82,000 Est. Cost $46.46 Unrealized +3.5%

COST COSTCO WHOLESALE CORP 0.9%

Value ($000) $5,025 Shares 27,000 Est. Cost $154.45 Unrealized +9.6%

CVS CVS HEALTH CORP 0.8%

Value ($000) $4,495 Shares 62,000 Est. Cost $60.81 Unrealized -8.2%

— TIME WARNER INC 0.8%

Value ($000) $4,208 Shares 46,000 Est. Cost $102.46 Unrealized —

BK BANK OF NEW YORK MELLON CORP 0.7%

Value ($000) $4,147 Shares 77,000 Est. Cost $41.83 Unrealized +6.9%

— EATON VANCE CORP 0.6%

Value ($000) $3,553 Shares 63,000 Est. Cost $47.32 Unrealized —

ECL ECOLAB INC 0.6%

Value ($000) $3,489 Shares 26,000 Est. Cost $121.85 Unrealized +1.4%

CDW CDW CORP/DE 0.6%

Value ($000) $3,475 Shares 50,000 Est. Cost $53.99 Unrealized +23.1%

CE CELANESE CORP-SERIES A 0.6%

Value ($000) $3,427 Shares 32,000 Est. Cost $75.56 Unrealized +19.9%

ES EVERSOURCE ENERGY 0.6%

Value ($000) $3,349 Shares 53,000 Est. Cost $46.03 Unrealized -2.5%

— KELLOGG CO 0.6%

Value ($000) $3,331 Shares 49,000 Est. Cost $44.70 Unrealized +5.7%

PFG PRINCIPAL FINANCIAL GROUP 0.6%

Value ($000) $3,246 Shares 46,000 Est. Cost $50.32 Unrealized -3.8%

DAL DELTA AIR LINES INC 0.6%

Value ($000) $3,136 Shares 56,000 Est. Cost $45.29 Unrealized +12.0%

UNM unum group 0.6%

Value ($000) $3,129 Shares 57,000 Est. Cost $53.68 Unrealized -2.7%

RGA REINSURANCE GROUP OF AMERICA 0.6%

Value ($000) $3,119 Shares 20,000 Est. Cost $151.41 Unrealized +3.8%

WAT WATERS CORP 0.6%

Value ($000) $3,091 Shares 16,000 Est. Cost $193.09 Unrealized +7.1%

NDAQ NASDAQ INC 0.6%

Value ($000) $3,073 Shares 40,000 Est. Cost $20.04 Unrealized +19.2%

— CBS CORP-CLASS B NON VOTING 0.5%

Value ($000) $3,009 Shares 51,000 Est. Cost $58.00 Unrealized —

— VARIAN MEDICAL SYSTEMS INC 0.5%

Value ($000) $3,001 Shares 27,000 Est. Cost $111.15 Unrealized —

BEN FRANKLIN RESOURCES INC 0.5%

Value ($000) $2,990 Shares 69,000 Est. Cost $27.68 Unrealized -5.4%

TSCO TRACTOR SUPPLY COMPANY 0.5%

Value ($000) $2,885 Shares 38,600 Est. Cost $14.90 Unrealized -17.2%

SNA SNAP-ON INC 0.5%

Value ($000) $2,789 Shares 16,000 Est. Cost $131.85 Unrealized +1.8%

CCK CROWN HOLDINGS INC 0.5%

Value ($000) $2,756 Shares 49,000 Est. Cost $56.34 Unrealized -10.0%

EIX EDISON INTERNATIONAL 0.5%

Value ($000) $2,656 Shares 42,000 Est. Cost $55.33 Unrealized -20.9%

DPZ DOMINO'S PIZZA INC 0.5%

Value ($000) $2,645 Shares 14,000 Est. Cost $177.13 Unrealized +12.4%

OGE OGE ENERGY CORP 0.5%

Value ($000) $2,534 Shares 77,000 Est. Cost $35.32 Unrealized -10.6%

PCG P G and E CORP 0.4%

Value ($000) $2,376 Shares 53,000 Est. Cost $67.23 Unrealized -37.6%

— FOOT LOCKER INC 0.4%

Value ($000) $1,978 Shares 42,200 Est. Cost $65.77 Unrealized —

— NEW YORK REIT INC 0.0%

Value ($000) $208 Shares 53,000 Est. Cost $7.85 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
T	ATandT INC	223,800	$8,701	1.6%	$12.32	+28.3%	—	00206R102
PM	PHILIP MORRIS INTERNATIONAL	67,000	$7,079	1.3%	$49.71	+38.2%	—	718172109
PEP	PEPSICO INC	58,000	$6,955	1.2%	$88.18	+1.2%	—	713448108
DIS	WALT DISNEY CO/THE	63,900	$6,870	1.2%	$69.31	+45.7%	—	254687106
—	GENERAL ELECTRIC CO	322,000	$5,619	1.0%	$24.18	—	—	369604103
—	UNITED TECHNOLOGIES CORP	43,900	$5,600	1.0%	$112.21	—	—	913017109
BMY	BRISTOL-MYERS SQUIBB CO	82,000	$5,025	0.9%	$46.46	+3.5%	—	110122108
COST	COSTCO WHOLESALE CORP	27,000	$5,025	0.9%	$154.45	+9.6%	—	22160K105
CVS	CVS HEALTH CORP	62,000	$4,495	0.8%	$60.81	-8.2%	—	126650100
—	TIME WARNER INC	46,000	$4,208	0.8%	$102.46	—	—	887317303
BK	BANK OF NEW YORK MELLON CORP	77,000	$4,147	0.7%	$41.83	+6.9%	—	064058100
—	EATON VANCE CORP	63,000	$3,553	0.6%	$47.32	—	—	278265103
ECL	ECOLAB INC	26,000	$3,489	0.6%	$121.85	+1.4%	—	278865100
CDW	CDW CORP/DE	50,000	$3,475	0.6%	$53.99	+23.1%	—	12514G108
CE	CELANESE CORP-SERIES A	32,000	$3,427	0.6%	$75.56	+19.9%	—	150870103
ES	EVERSOURCE ENERGY	53,000	$3,349	0.6%	$46.03	-2.5%	—	30040W108
—	KELLOGG CO	49,000	$3,331	0.6%	$44.70	+5.7%	—	487836108
PFG	PRINCIPAL FINANCIAL GROUP	46,000	$3,246	0.6%	$50.32	-3.8%	—	74251V102
DAL	DELTA AIR LINES INC	56,000	$3,136	0.6%	$45.29	+12.0%	—	247361702
UNM	unum group	57,000	$3,129	0.6%	$53.68	-2.7%	—	91529Y106
RGA	REINSURANCE GROUP OF AMERICA	20,000	$3,119	0.6%	$151.41	+3.8%	—	759351604
WAT	WATERS CORP	16,000	$3,091	0.6%	$193.09	+7.1%	—	941848103
NDAQ	NASDAQ INC	40,000	$3,073	0.6%	$20.04	+19.2%	—	631103108
—	CBS CORP-CLASS B NON VOTING	51,000	$3,009	0.5%	$58.00	—	—	124857202
—	VARIAN MEDICAL SYSTEMS INC	27,000	$3,001	0.5%	$111.15	—	—	92220P105
BEN	FRANKLIN RESOURCES INC	69,000	$2,990	0.5%	$27.68	-5.4%	—	354613101
TSCO	TRACTOR SUPPLY COMPANY	38,600	$2,885	0.5%	$14.90	-17.2%	—	892356106
SNA	SNAP-ON INC	16,000	$2,789	0.5%	$131.85	+1.8%	—	833034101
CCK	CROWN HOLDINGS INC	49,000	$2,756	0.5%	$56.34	-10.0%	—	228368106
EIX	EDISON INTERNATIONAL	42,000	$2,656	0.5%	$55.33	-20.9%	—	281020107
DPZ	DOMINO'S PIZZA INC	14,000	$2,645	0.5%	$177.13	+12.4%	—	25754A201
OGE	OGE ENERGY CORP	77,000	$2,534	0.5%	$35.32	-10.6%	—	670837103
PCG	P G and E CORP	53,000	$2,376	0.4%	$67.23	-37.6%	—	69331C108
—	FOOT LOCKER INC	42,200	$1,978	0.4%	$65.77	—	—	344849104
—	NEW YORK REIT INC	53,000	$208	0.0%	$7.85	—	—	64976L109

Decreased Positions (80)

MSFT MICROSOFT CORP 2.1%

Value ($000) $11,655 (-35.3%) Shares 127,700 (-39.4%) Est. Cost $33.54 Unrealized +151.4%

AAPL APPLE INC 2.1%

Value ($000) $11,728 (-34.9%) Shares 69,900 (-34.4%) Est. Cost $21.10 Unrealized +91.6%

HD HOME DEPOT INC 1.1%

Value ($000) $6,185 (-36.1%) Shares 34,700 (-32.1%) Est. Cost $62.49 Unrealized +147.6%

UNH UNITEDHEALTH GROUP INC 1.1%

Value ($000) $6,078 (-32.3%) Shares 28,400 (-30.2%) Est. Cost $65.43 Unrealized +207.4%

MCD MCDONALD'S CORP 0.9%

Value ($000) $4,770 (-37.0%) Shares 30,500 (-30.7%) Est. Cost $117.92 Unrealized +15.9%

MMM 3M CO 0.8%

Value ($000) $4,632 (-36.1%) Shares 21,100 (-31.5%) Est. Cost $71.80 Unrealized +109.1%

PFE PFIZER INC 1.1%

Value ($000) $6,158 (-29.6%) Shares 173,500 (-28.2%) Est. Cost $21.05 Unrealized +15.1%

V VISA INC-CLASS A SHARES 1.2%

Value ($000) $6,543 (-28.0%) Shares 54,700 (-31.4%) Est. Cost $70.84 Unrealized +62.0%

PG PROCTER and GAMBLE CO/THE 1.1%

Value ($000) $6,366 (-23.9%) Shares 80,300 (-11.8%) Est. Cost $72.65 Unrealized -6.6%

BIIB BIOGEN INC 0.6%

Value ($000) $3,094 (-37.3%) Shares 11,300 (-27.1%) Est. Cost $230.33 Unrealized +34.8%

— VMWARE INC-CLASS A 0.4%

Value ($000) $2,425 (-41.5%) Shares 20,000 (-39.6%) Est. Cost $73.34 Unrealized —

LOW LOWE'S COS INC 0.7%

Value ($000) $3,642 (-32.1%) Shares 41,500 (-28.1%) Est. Cost $56.94 Unrealized +43.9%

AVY AVERY DENNISON CORP 0.5%

Value ($000) $2,635 (-39.5%) Shares 24,800 (-34.6%) Est. Cost $61.60 Unrealized +63.4%

TXN TEXAS INSTRUMENTS INC 0.8%

Value ($000) $4,530 (-27.1%) Shares 43,600 (-26.7%) Est. Cost $40.51 Unrealized +114.4%

— CIGNA CORP 0.5%

Value ($000) $2,835 (-36.5%) Shares 16,900 (-23.2%) Est. Cost $186.95 Unrealized —

MTD METTLER-TOLEDO INTERNATIONAL 0.5%

Value ($000) $2,645 (-38.1%) Shares 4,600 (-33.3%) Est. Cost $316.01 Unrealized +98.9%

MAN MANPOWERGROUP INC 0.5%

Value ($000) $2,544 (-38.9%) Shares 22,100 (-33.0%) Est. Cost $97.01 Unrealized +27.4%

MO ALTRIA GROUP INC 0.8%

Value ($000) $4,624 (-25.6%) Shares 74,200 (-14.7%) Est. Cost $19.82 Unrealized +84.5%

AMAT APPLIED MATERIALS INC 0.7%

Value ($000) $3,804 (-29.4%) Shares 68,400 (-35.1%) Est. Cost $19.78 Unrealized +157.2%

MA MASTERCARD INC - A 1.1%

Value ($000) $5,850 (-21.0%) Shares 33,400 (-31.7%) Est. Cost $89.14 Unrealized +83.7%

ITW ILLINOIS TOOL WORKS 0.6%

Value ($000) $3,306 (-31.7%) Shares 21,100 (-27.2%) Est. Cost $68.35 Unrealized +100.2%

SHW SHERWIN-WILLIAMS CO/THE 0.6%

Value ($000) $3,215 (-31.8%) Shares 8,200 (-28.7%) Est. Cost $79.61 Unrealized +59.6%

ROK ROCKWELL AUTOMATION INC 0.5%

Value ($000) $2,822 (-34.4%) Shares 16,200 (-26.0%) Est. Cost $85.80 Unrealized +91.0%

ALL ALLSTATE CORP 0.6%

Value ($000) $3,299 (-30.4%) Shares 34,800 (-23.2%) Est. Cost $55.91 Unrealized +44.4%

BAX BAXTER INTERNATIONAL INC 0.6%

Value ($000) $3,109 (-31.5%) Shares 47,800 (-31.9%) Est. Cost $42.39 Unrealized +39.0%

— BLACKROCK INC 0.7%

Value ($000) $3,792 (-26.9%) Shares 7,000 (-30.7%) Est. Cost $362.46 Unrealized —

NTAP NETAPP INC 0.5%

Value ($000) $3,054 (-31.0%) Shares 49,500 (-38.1%) Est. Cost $31.89 Unrealized +55.2%

AMP AMERIPRISE FINANCIAL INC 0.5%

Value ($000) $2,737 (-32.7%) Shares 18,500 (-22.9%) Est. Cost $107.25 Unrealized +30.5%

SWK STANLEY BLACK and DECKER INC 0.5%

Value ($000) $3,003 (-30.3%) Shares 19,600 (-22.8%) Est. Cost $99.03 Unrealized +31.5%

UPS UNITED PARCEL SERVICE-CL B 0.6%

Value ($000) $3,517 (-26.9%) Shares 33,600 (-16.8%) Est. Cost $62.45 Unrealized +36.8%

EL ESTEE LAUDER COMPANIES-CL A 0.7%

Value ($000) $3,653 (-25.4%) Shares 24,400 (-36.6%) Est. Cost $62.15 Unrealized +101.9%

SPGI SandP GLOBAL INC 0.7%

Value ($000) $3,840 (-22.6%) Shares 20,100 (-31.4%) Est. Cost $96.34 Unrealized +78.8%

CMI CUMMINS INC 0.5%

Value ($000) $2,837 (-27.6%) Shares 17,500 (-21.2%) Est. Cost $94.73 Unrealized +47.5%

BBY BEST BUY CO INC 0.5%

Value ($000) $2,905 (-26.8%) Shares 41,500 (-28.4%) Est. Cost $39.19 Unrealized +36.8%

SEIC SEI INVESTMENTS COMPANY 0.5%

Value ($000) $2,907 (-26.4%) Shares 38,800 (-29.5%) Est. Cost $46.13 Unrealized +45.7%

UNP UNION PACIFIC CORP 0.9%

Value ($000) $4,866 (-17.5%) Shares 36,200 (-17.7%) Est. Cost $90.11 Unrealized +25.5%

GAP GAP INC/THE 0.5%

Value ($000) $2,643 (-26.1%) Shares 84,700 (-19.3%) Est. Cost $22.43 Unrealized +10.5%

USB US BANCORP 0.7%

Value ($000) $3,949 (-19.0%) Shares 78,200 (-14.1%) Est. Cost $39.05 Unrealized +2.2%

ROST ROSS STORES INC 0.6%

Value ($000) $3,111 (-22.9%) Shares 39,900 (-20.7%) Est. Cost $38.23 Unrealized +91.8%

— CELGENE CORP 0.7%

Value ($000) $3,622 (-19.5%) Shares 40,600 (-5.8%) Est. Cost $124.43 Unrealized —

INTU INTUIT INC 0.6%

Value ($000) $3,606 (-19.5%) Shares 20,800 (-26.8%) Est. Cost $97.25 Unrealized +64.0%

EMR EMERSON ELECTRIC CO 0.6%

Value ($000) $3,395 (-20.1%) Shares 49,700 (-18.5%) Est. Cost $49.23 Unrealized +19.8%

TRV TRAVELERS COS INC/THE 0.6%

Value ($000) $3,249 (-20.7%) Shares 23,400 (-22.5%) Est. Cost $91.51 Unrealized +28.5%

IBM INTL BUSINESS MACHINES CORP 0.9%

Value ($000) $4,956 (-14.3%) Shares 32,300 (-14.3%) Est. Cost $101.76 Unrealized +5.4%

LLY ELI LILLY and CO 0.7%

Value ($000) $3,838 (-17.4%) Shares 49,600 (-9.8%) Est. Cost $75.28 Unrealized -4.7%

CLX CLOROX COMPANY 0.5%

Value ($000) $2,928 (-21.6%) Shares 22,000 (-12.4%) Est. Cost $95.74 Unrealized +11.5%

— TORCHMARK CORP 0.5%

Value ($000) $2,710 (-22.2%) Shares 32,200 (-16.1%) Est. Cost $56.38 Unrealized —

MAS MASCO CORP 0.5%

Value ($000) $2,758 (-21.5%) Shares 68,200 (-14.8%) Est. Cost $33.12 Unrealized +14.5%

MRSH MARSH and MCLENNAN COS 0.6%

Value ($000) $3,461 (-17.8%) Shares 41,900 (-19.0%) Est. Cost $47.89 Unrealized +52.1%

SWKS SKYWORKS SOLUTIONS INC 0.6%

Value ($000) $3,228 (-18.1%) Shares 32,200 (-22.4%) Est. Cost $63.97 Unrealized +35.9%

CTSH COGNIZANT TECH SOLUTIONS-A 0.7%

Value ($000) $3,735 (-15.7%) Shares 46,400 (-25.6%) Est. Cost $43.22 Unrealized +63.4%

VFC VF CORP 0.5%

Value ($000) $3,017 (-18.5%) Shares 40,700 (-18.6%) Est. Cost $66.06 Unrealized +9.5%

PPG PPG INDUSTRIES INC 0.6%

Value ($000) $3,091 (-17.3%) Shares 27,700 (-13.4%) Est. Cost $91.06 Unrealized +9.3%

PAYX PAYCHEX INC 0.5%

Value ($000) $2,839 (-18.6%) Shares 46,100 (-10.0%) Est. Cost $34.10 Unrealized +53.6%

— DR PEPPER SNAPPLE GROUP INC 0.7%

Value ($000) $3,883 (+19.4%) Shares 32,800 (-2.1%) Est. Cost $92.95 Unrealized —

MCO MOODY'S CORP 0.6%

Value ($000) $3,210 (-16.4%) Shares 19,900 (-23.5%) Est. Cost $121.93 Unrealized +23.8%

DUK DUKE ENERGY CORP 0.7%

Value ($000) $3,711 (-14.3%) Shares 47,900 (-7.0%) Est. Cost $46.61 Unrealized +20.3%

FBIN FORTUNE BRANDS HOME and SECURI 0.4%

Value ($000) $2,420 (-19.6%) Shares 41,100 (-6.6%) Est. Cost $50.19 Unrealized -1.6%

DG DOLLAR GENERAL CORP 0.5%

Value ($000) $2,947 (-16.6%) Shares 31,500 (-17.1%) Est. Cost $77.43 Unrealized +12.1%

— CDK GLOBAL INC 0.5%

Value ($000) $2,565 (-18.2%) Shares 40,500 (-8.0%) Est. Cost $71.27 Unrealized —

— WYNDHAM WORLDWIDE CORP 0.5%

Value ($000) $2,792 (-16.9%) Shares 24,400 (-15.9%) Est. Cost $105.41 Unrealized —

FAST FASTENAL CO 0.5%

Value ($000) $2,926 (-15.1%) Shares 53,600 (-14.9%) Est. Cost $8.97 Unrealized +25.2%

TGT TARGET CORP 0.6%

Value ($000) $3,201 (-13.9%) Shares 46,100 (-19.1%) Est. Cost $48.06 Unrealized +21.6%

CL COLGATE-PALMOLIVE CO 0.7%

Value ($000) $3,899 (-10.9%) Shares 54,400 (-6.2%) Est. Cost $59.21 Unrealized +0.9%

GPC GENUINE PARTS CO 0.5%

Value ($000) $2,578 (-15.2%) Shares 28,700 (-10.3%) Est. Cost $65.22 Unrealized +17.8%

HSY HERSHEY CO/THE 0.5%

Value ($000) $2,751 (-14.1%) Shares 27,800 (-1.4%) Est. Cost $73.25 Unrealized +16.9%

AEP AMERICAN ELECTRIC POWER 0.6%

Value ($000) $3,402 (-11.1%) Shares 49,600 (-4.6%) Est. Cost $53.04 Unrealized -3.9%

YUM YUM! BRANDS INC 0.6%

Value ($000) $3,278 (-10.7%) Shares 38,500 (-14.4%) Est. Cost $64.74 Unrealized +9.7%

STT STATE STREET CORP 0.6%

Value ($000) $3,191 (-9.2%) Shares 32,000 (-11.1%) Est. Cost $74.42 Unrealized +10.1%

SBUX STARBUCKS CORP 0.8%

Value ($000) $4,400 (-6.6%) Shares 76,000 (-7.3%) Est. Cost $33.68 Unrealized +44.6%

RHI ROBERT HALF INTL INC 0.5%

Value ($000) $2,923 (-9.3%) Shares 50,500 (-12.9%) Est. Cost $53.20 Unrealized +7.4%

L LOEWS CORP 0.5%

Value ($000) $2,874 (-8.8%) Shares 57,800 (-8.3%) Est. Cost $45.06 Unrealized +8.4%

BR BROADRIDGE FINANCIAL SOLUTIO 0.6%

Value ($000) $3,455 (-7.0%) Shares 31,500 (-23.2%) Est. Cost $62.39 Unrealized +39.3%

PEG PUBLIC SERVICE ENTERPRISE GP 0.6%

Value ($000) $3,210 (-7.0%) Shares 63,900 (-4.6%) Est. Cost $38.22 Unrealized -1.7%

— WABCO HOLDINGS INC 0.4%

Value ($000) $2,497 (-8.4%) Shares 18,650 (-1.8%) Est. Cost $143.53 Unrealized —

TJX TJX COMPANIES INC 0.7%

Value ($000) $3,776 (-5.6%) Shares 46,300 (-11.5%) Est. Cost $29.40 Unrealized +20.7%

MKC MCCORMICK and CO-NON VTG SHRS 0.5%

Value ($000) $2,968 (-5.4%) Shares 27,900 (-9.4%) Est. Cost $28.98 Unrealized +56.2%

CHD CHURCH and DWIGHT CO INC 0.6%

Value ($000) $3,122 (-2.9%) Shares 62,000 (-3.3%) Est. Cost $42.65 Unrealized +4.7%

AOS SMITH (A.O.) CORP 0.5%

Value ($000) $2,811 (-2.4%) Shares 44,200 (-6.0%) Est. Cost $52.56 Unrealized +6.6%

LEA LEAR CORP 0.5%

Value ($000) $2,860 (+1.2%) Shares 15,370 (-3.9%) Est. Cost $149.16 Unrealized +7.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	127,700 (-39.4%)	$11,655 (-35.3%)	2.1%	$33.54	+151.4%	COMMON STOCK	594918104
AAPL	APPLE INC	69,900 (-34.4%)	$11,728 (-34.9%)	2.1%	$21.10	+91.6%	COMMON STOCK	037833100
HD	HOME DEPOT INC	34,700 (-32.1%)	$6,185 (-36.1%)	1.1%	$62.49	+147.6%	COMMON STOCK	437076102
UNH	UNITEDHEALTH GROUP INC	28,400 (-30.2%)	$6,078 (-32.3%)	1.1%	$65.43	+207.4%	COMMON STOCK	91324P102
MCD	MCDONALD'S CORP	30,500 (-30.7%)	$4,770 (-37.0%)	0.9%	$117.92	+15.9%	COMMON STOCK	580135101
MMM	3M CO	21,100 (-31.5%)	$4,632 (-36.1%)	0.8%	$71.80	+109.1%	COMMON STOCK	88579Y101
PFE	PFIZER INC	173,500 (-28.2%)	$6,158 (-29.6%)	1.1%	$21.05	+15.1%	COMMON STOCK	717081103
V	VISA INC-CLASS A SHARES	54,700 (-31.4%)	$6,543 (-28.0%)	1.2%	$70.84	+62.0%	COMMON STOCK	92826C839
PG	PROCTER and GAMBLE CO/THE	80,300 (-11.8%)	$6,366 (-23.9%)	1.1%	$72.65	-6.6%	COMMON STOCK	742718109
BIIB	BIOGEN INC	11,300 (-27.1%)	$3,094 (-37.3%)	0.6%	$230.33	+34.8%	COMMON STOCK	09062X103
—	VMWARE INC-CLASS A	20,000 (-39.6%)	$2,425 (-41.5%)	0.4%	$73.34	—	COMMON STOCK	928563402
LOW	LOWE'S COS INC	41,500 (-28.1%)	$3,642 (-32.1%)	0.7%	$56.94	+43.9%	COMMON STOCK	548661107
AVY	AVERY DENNISON CORP	24,800 (-34.6%)	$2,635 (-39.5%)	0.5%	$61.60	+63.4%	COMMON STOCK	053611109
TXN	TEXAS INSTRUMENTS INC	43,600 (-26.7%)	$4,530 (-27.1%)	0.8%	$40.51	+114.4%	COMMON STOCK	882508104
—	CIGNA CORP	16,900 (-23.2%)	$2,835 (-36.5%)	0.5%	$186.95	—	COMMON STOCK	125509109
MTD	METTLER-TOLEDO INTERNATIONAL	4,600 (-33.3%)	$2,645 (-38.1%)	0.5%	$316.01	+98.9%	COMMON STOCK	592688105
MAN	MANPOWERGROUP INC	22,100 (-33.0%)	$2,544 (-38.9%)	0.5%	$97.01	+27.4%	COMMON STOCK	56418H100
MO	ALTRIA GROUP INC	74,200 (-14.7%)	$4,624 (-25.6%)	0.8%	$19.82	+84.5%	COMMON STOCK	02209S103
AMAT	APPLIED MATERIALS INC	68,400 (-35.1%)	$3,804 (-29.4%)	0.7%	$19.78	+157.2%	COMMON STOCK	038222105
MA	MASTERCARD INC - A	33,400 (-31.7%)	$5,850 (-21.0%)	1.1%	$89.14	+83.7%	COMMON STOCK	57636Q104
ITW	ILLINOIS TOOL WORKS	21,100 (-27.2%)	$3,306 (-31.7%)	0.6%	$68.35	+100.2%	COMMON STOCK	452308109
SHW	SHERWIN-WILLIAMS CO/THE	8,200 (-28.7%)	$3,215 (-31.8%)	0.6%	$79.61	+59.6%	COMMON STOCK	824348106
ROK	ROCKWELL AUTOMATION INC	16,200 (-26.0%)	$2,822 (-34.4%)	0.5%	$85.80	+91.0%	COMMON STOCK	773903109
ALL	ALLSTATE CORP	34,800 (-23.2%)	$3,299 (-30.4%)	0.6%	$55.91	+44.4%	COMMON STOCK	020002101
BAX	BAXTER INTERNATIONAL INC	47,800 (-31.9%)	$3,109 (-31.5%)	0.6%	$42.39	+39.0%	COMMON STOCK	071813109
—	BLACKROCK INC	7,000 (-30.7%)	$3,792 (-26.9%)	0.7%	$362.46	—	COMMON STOCK	09247X101
NTAP	NETAPP INC	49,500 (-38.1%)	$3,054 (-31.0%)	0.5%	$31.89	+55.2%	COMMON STOCK	64110D104
AMP	AMERIPRISE FINANCIAL INC	18,500 (-22.9%)	$2,737 (-32.7%)	0.5%	$107.25	+30.5%	COMMON STOCK	03076C106
SWK	STANLEY BLACK and DECKER INC	19,600 (-22.8%)	$3,003 (-30.3%)	0.5%	$99.03	+31.5%	COMMON STOCK	854502101
UPS	UNITED PARCEL SERVICE-CL B	33,600 (-16.8%)	$3,517 (-26.9%)	0.6%	$62.45	+36.8%	COMMON STOCK	911312106
EL	ESTEE LAUDER COMPANIES-CL A	24,400 (-36.6%)	$3,653 (-25.4%)	0.7%	$62.15	+101.9%	COMMON STOCK	518439104
SPGI	SandP GLOBAL INC	20,100 (-31.4%)	$3,840 (-22.6%)	0.7%	$96.34	+78.8%	COMMON STOCK	78409V104
CMI	CUMMINS INC	17,500 (-21.2%)	$2,837 (-27.6%)	0.5%	$94.73	+47.5%	COMMON STOCK	231021106
BBY	BEST BUY CO INC	41,500 (-28.4%)	$2,905 (-26.8%)	0.5%	$39.19	+36.8%	COMMON STOCK	086516101
SEIC	SEI INVESTMENTS COMPANY	38,800 (-29.5%)	$2,907 (-26.4%)	0.5%	$46.13	+45.7%	COMMON STOCK	784117103
UNP	UNION PACIFIC CORP	36,200 (-17.7%)	$4,866 (-17.5%)	0.9%	$90.11	+25.5%	COMMON STOCK	907818108
GAP	GAP INC/THE	84,700 (-19.3%)	$2,643 (-26.1%)	0.5%	$22.43	+10.5%	COMMON STOCK	364760108
USB	US BANCORP	78,200 (-14.1%)	$3,949 (-19.0%)	0.7%	$39.05	+2.2%	COMMON STOCK	902973304
ROST	ROSS STORES INC	39,900 (-20.7%)	$3,111 (-22.9%)	0.6%	$38.23	+91.8%	COMMON STOCK	778296103
—	CELGENE CORP	40,600 (-5.8%)	$3,622 (-19.5%)	0.7%	$124.43	—	COMMON STOCK	151020104
INTU	INTUIT INC	20,800 (-26.8%)	$3,606 (-19.5%)	0.6%	$97.25	+64.0%	COMMON STOCK	461202103
EMR	EMERSON ELECTRIC CO	49,700 (-18.5%)	$3,395 (-20.1%)	0.6%	$49.23	+19.8%	COMMON STOCK	291011104
TRV	TRAVELERS COS INC/THE	23,400 (-22.5%)	$3,249 (-20.7%)	0.6%	$91.51	+28.5%	COMMON STOCK	89417E109
IBM	INTL BUSINESS MACHINES CORP	32,300 (-14.3%)	$4,956 (-14.3%)	0.9%	$101.76	+5.4%	COMMON STOCK	459200101
LLY	ELI LILLY and CO	49,600 (-9.8%)	$3,838 (-17.4%)	0.7%	$75.28	-4.7%	COMMON STOCK	532457108
CLX	CLOROX COMPANY	22,000 (-12.4%)	$2,928 (-21.6%)	0.5%	$95.74	+11.5%	COMMON STOCK	189054109
—	TORCHMARK CORP	32,200 (-16.1%)	$2,710 (-22.2%)	0.5%	$56.38	—	COMMON STOCK	891027104
MAS	MASCO CORP	68,200 (-14.8%)	$2,758 (-21.5%)	0.5%	$33.12	+14.5%	COMMON STOCK	574599106
MRSH	MARSH and MCLENNAN COS	41,900 (-19.0%)	$3,461 (-17.8%)	0.6%	$47.89	+52.1%	COMMON STOCK	571748102
SWKS	SKYWORKS SOLUTIONS INC	32,200 (-22.4%)	$3,228 (-18.1%)	0.6%	$63.97	+35.9%	COMMON STOCK	83088M102
CTSH	COGNIZANT TECH SOLUTIONS-A	46,400 (-25.6%)	$3,735 (-15.7%)	0.7%	$43.22	+63.4%	COMMON STOCK	192446102
VFC	VF CORP	40,700 (-18.6%)	$3,017 (-18.5%)	0.5%	$66.06	+9.5%	COMMON STOCK	918204108
PPG	PPG INDUSTRIES INC	27,700 (-13.4%)	$3,091 (-17.3%)	0.6%	$91.06	+9.3%	COMMON STOCK	693506107
PAYX	PAYCHEX INC	46,100 (-10.0%)	$2,839 (-18.6%)	0.5%	$34.10	+53.6%	COMMON STOCK	704326107
—	DR PEPPER SNAPPLE GROUP INC	32,800 (-2.1%)	$3,883 (+19.4%)	0.7%	$92.95	—	COMMON STOCK	26138E109
MCO	MOODY'S CORP	19,900 (-23.5%)	$3,210 (-16.4%)	0.6%	$121.93	+23.8%	COMMON STOCK	615369105
DUK	DUKE ENERGY CORP	47,900 (-7.0%)	$3,711 (-14.3%)	0.7%	$46.61	+20.3%	COMMON STOCK	26441C204
FBIN	FORTUNE BRANDS HOME and SECURI	41,100 (-6.6%)	$2,420 (-19.6%)	0.4%	$50.19	-1.6%	COMMON STOCK	34964C106
DG	DOLLAR GENERAL CORP	31,500 (-17.1%)	$2,947 (-16.6%)	0.5%	$77.43	+12.1%	COMMON STOCK	256677105
—	CDK GLOBAL INC	40,500 (-8.0%)	$2,565 (-18.2%)	0.5%	$71.27	—	COMMON STOCK	12508E101
—	WYNDHAM WORLDWIDE CORP	24,400 (-15.9%)	$2,792 (-16.9%)	0.5%	$105.41	—	COMMON STOCK	98310W108
FAST	FASTENAL CO	53,600 (-14.9%)	$2,926 (-15.1%)	0.5%	$8.97	+25.2%	COMMON STOCK	311900104
TGT	TARGET CORP	46,100 (-19.1%)	$3,201 (-13.9%)	0.6%	$48.06	+21.6%	COMMON STOCK	87612E106
CL	COLGATE-PALMOLIVE CO	54,400 (-6.2%)	$3,899 (-10.9%)	0.7%	$59.21	+0.9%	COMMON STOCK	194162103
GPC	GENUINE PARTS CO	28,700 (-10.3%)	$2,578 (-15.2%)	0.5%	$65.22	+17.8%	COMMON STOCK	372460105
HSY	HERSHEY CO/THE	27,800 (-1.4%)	$2,751 (-14.1%)	0.5%	$73.25	+16.9%	COMMON STOCK	427866108
AEP	AMERICAN ELECTRIC POWER	49,600 (-4.6%)	$3,402 (-11.1%)	0.6%	$53.04	-3.9%	COMMON STOCK	025537101
YUM	YUM! BRANDS INC	38,500 (-14.4%)	$3,278 (-10.7%)	0.6%	$64.74	+9.7%	COMMON STOCK	988498101
STT	STATE STREET CORP	32,000 (-11.1%)	$3,191 (-9.2%)	0.6%	$74.42	+10.1%	COMMON STOCK	857477103
SBUX	STARBUCKS CORP	76,000 (-7.3%)	$4,400 (-6.6%)	0.8%	$33.68	+44.6%	COMMON STOCK	855244109
RHI	ROBERT HALF INTL INC	50,500 (-12.9%)	$2,923 (-9.3%)	0.5%	$53.20	+7.4%	COMMON STOCK	770323103
L	LOEWS CORP	57,800 (-8.3%)	$2,874 (-8.8%)	0.5%	$45.06	+8.4%	COMMON STOCK	540424108
BR	BROADRIDGE FINANCIAL SOLUTIO	31,500 (-23.2%)	$3,455 (-7.0%)	0.6%	$62.39	+39.3%	COMMON STOCK	11133T103
PEG	PUBLIC SERVICE ENTERPRISE GP	63,900 (-4.6%)	$3,210 (-7.0%)	0.6%	$38.22	-1.7%	COMMON STOCK	744573106
—	WABCO HOLDINGS INC	18,650 (-1.8%)	$2,497 (-8.4%)	0.4%	$143.53	—	COMMON STOCK	92927K102
TJX	TJX COMPANIES INC	46,300 (-11.5%)	$3,776 (-5.6%)	0.7%	$29.40	+20.7%	COMMON STOCK	872540109
MKC	MCCORMICK and CO-NON VTG SHRS	27,900 (-9.4%)	$2,968 (-5.4%)	0.5%	$28.98	+56.2%	COMMON STOCK	579780206
CHD	CHURCH and DWIGHT CO INC	62,000 (-3.3%)	$3,122 (-2.9%)	0.6%	$42.65	+4.7%	COMMON STOCK	171340102
AOS	SMITH (A.O.) CORP	44,200 (-6.0%)	$2,811 (-2.4%)	0.5%	$52.56	+6.6%	COMMON STOCK	831865209
LEA	LEAR CORP	15,370 (-3.9%)	$2,860 (+1.2%)	0.5%	$149.16	+7.7%	COMMON STOCK	521865204

Unchanged Positions (64)

SPG SIMON PROPERTY GROUP INC 1.9%

Value ($000) $10,512 Shares 68,108 Est. Cost $90.22 Unrealized +15.1%

— SELECT INCOME REIT 0.4%

Value ($000) $2,451 Shares 125,800 Est. Cost $26.33 Unrealized —

VTR VENTAS INC 0.6%

Value ($000) $3,095 Shares 62,482 Est. Cost $44.48 Unrealized -15.8%

— SENIOR HOUSING PROP TRUST 0.4%

Value ($000) $2,335 Shares 149,100 Est. Cost $19.32 Unrealized —

KRG KITE REALTY GROUP TRUST 0.3%

Value ($000) $1,736 Shares 114,000 Est. Cost $24.57 Unrealized —

MHK MOHAWK INDUSTRIES INC 0.5%

Value ($000) $2,554 Shares 11,000 Est. Cost $268.29 Unrealized -4.0%

BRX BRIXMOR PROPERTY GROUP INC 0.3%

Value ($000) $1,693 Shares 111,000 Est. Cost $25.62 Unrealized —

BDN BRANDYWINE REALTY TRUST 0.4%

Value ($000) $2,436 Shares 153,400 Est. Cost $13.60 Unrealized —

SKT TANGER FACTORY OUTLET CENTER 0.3%

Value ($000) $1,716 Shares 78,000 Est. Cost $32.33 Unrealized —

— HOSPITALITY PROPERTIES TRUST 0.3%

Value ($000) $1,861 Shares 73,434 Est. Cost $27.41 Unrealized —

— RAMCO-GERSHENSON PROPERTIES 0.3%

Value ($000) $1,715 Shares 138,782 Est. Cost $16.68 Unrealized —

AVB AVALONBAY COMMUNITIES INC 0.7%

Value ($000) $3,868 Shares 23,520 Est. Cost $85.93 Unrealized +45.1%

— VEREIT INC 0.5%

Value ($000) $2,645 Shares 380,000 Est. Cost $8.82 Unrealized —

MAA MID-AMERICA APARTMENT COMM 0.5%

Value ($000) $2,987 Shares 32,740 Est. Cost $54.68 Unrealized +26.1%

VNO VORNADO REALTY TRUST 0.3%

Value ($000) $1,869 Shares 27,765 Est. Cost $82.84 Unrealized —

KMB KIMBERLY-CLARK CORP 0.6%

Value ($000) $3,084 Shares 28,000 Est. Cost $96.22 Unrealized -10.4%

— DDR CORP 0.2%

Value ($000) $1,312 Shares 179,000 Est. Cost $15.28 Unrealized —

DLR DIGITAL REALTY TRUST INC 0.6%

Value ($000) $3,557 Shares 33,750 Est. Cost $40.72 Unrealized +96.6%

— HCP INC 0.4%

Value ($000) $2,197 Shares 94,593 Est. Cost $40.87 Unrealized —

SO SOUTHERN CO/THE 0.6%

Value ($000) $3,492 Shares 78,200 Est. Cost $27.55 Unrealized +16.7%

— GGP Inc 0.3%

Value ($000) $1,749 Shares 85,500 Est. Cost $23.18 Unrealized —

CPT CAMDEN PROPERTY TRUST 0.5%

Value ($000) $2,556 Shares 30,369 Est. Cost $46.09 Unrealized +38.5%

— LIBERTY PROPERTY TRUST 0.5%

Value ($000) $2,825 Shares 71,096 Est. Cost $37.54 Unrealized —

MAC MACERICH CO/THE 0.2%

Value ($000) $1,317 Shares 23,507 Est. Cost $60.58 Unrealized —

HST HOST HOTELS and RESORTS INC 0.6%

Value ($000) $3,430 Shares 183,998 Est. Cost $10.94 Unrealized +32.3%

HIW HIGHWOODS PROPERTIES INC 0.2%

Value ($000) $1,350 Shares 30,802 Est. Cost $35.61 Unrealized —

— WEINGARTEN REALTY INVESTORS 0.2%

Value ($000) $1,273 Shares 45,336 Est. Cost $30.78 Unrealized —

KIM KIMCO REALTY CORP 0.1%

Value ($000) $831 Shares 57,731 Est. Cost $12.61 Unrealized -17.5%

STAG STAG INDUSTRIAL INC 0.3%

Value ($000) $1,519 Shares 63,500 Est. Cost $19.62 Unrealized —

— COLUMBIA PROPERTY TRUST INC 0.3%

Value ($000) $1,760 Shares 86,000 Est. Cost $22.21 Unrealized —

RLJ RLJ LODGING TRUST 0.3%

Value ($000) $1,540 Shares 79,200 Est. Cost $23.24 Unrealized —

PSA PUBLIC STORAGE 0.8%

Value ($000) $4,223 Shares 21,074 Est. Cost $97.16 Unrealized +45.0%

GLPI GAMING AND LEISURE PROPERTIE 0.3%

Value ($000) $1,607 Shares 48,000 Est. Cost $29.35 Unrealized —

SBRA SABRA HEALTH CARE REIT INC 0.5%

Value ($000) $2,613 Shares 148,030 Est. Cost $22.67 Unrealized —

ESRT EMPIRE STATE REALTY TRUST-A 0.1%

Value ($000) $722 Shares 43,000 Est. Cost $17.53 Unrealized —

— QUALITY CARE PROPERTIES 0.1%

Value ($000) $558 Shares 28,718 Est. Cost $15.50 Unrealized —

— TAUBMAN CENTERS INC 0.2%

Value ($000) $911 Shares 16,000 Est. Cost $71.25 Unrealized —

— CBL and ASSOCIATES PROPERTIES 0.1%

Value ($000) $379 Shares 91,000 Est. Cost $9.31 Unrealized —

EGP EASTGROUP PROPERTIES INC 0.3%

Value ($000) $1,860 Shares 22,500 Est. Cost $57.86 Unrealized —

PLD PROLOGIS INC 1.0%

Value ($000) $5,291 Shares 84,000 Est. Cost $29.27 Unrealized +70.4%

DRH DIAMONDROCK HOSPITALITY CO 0.3%

Value ($000) $1,545 Shares 148,000 Est. Cost $9.10 Unrealized —

— APARTMENT INVT and MGMT CO -A 0.3%

Value ($000) $1,691 Shares 41,500 Est. Cost $42.96 Unrealized —

EQR EQUITY RESIDENTIAL 0.6%

Value ($000) $3,411 Shares 55,356 Est. Cost $33.59 Unrealized +31.8%

BXP BOSTON PROPERTIES INC 0.4%

Value ($000) $2,023 Shares 16,417 Est. Cost $64.00 Unrealized +33.0%

UDR UDR INC 0.2%

Value ($000) $1,260 Shares 35,367 Est. Cost $15.84 Unrealized +67.3%

HSIC HENRY SCHEIN INC 0.4%

Value ($000) $2,487 Shares 37,000 Est. Cost $63.85 Unrealized -13.2%

— COUSINS PROPERTIES INC 0.3%

Value ($000) $1,484 Shares 171,000 Est. Cost $10.38 Unrealized —

ARE ALEXANDRIA REAL ESTATE EQUIT 0.4%

Value ($000) $2,111 Shares 16,900 Est. Cost $45.03 Unrealized +106.1%

RMR RMR GROUP INC/THE - A 0.1%

Value ($000) $537 Shares 7,684 Est. Cost $7.12 Unrealized +386.2%

INN SUMMIT HOTEL PROPERTIES INC 0.1%

Value ($000) $667 Shares 49,000 Est. Cost $14.07 Unrealized —

— NEW SENIOR INVESTMENT GROUP 0.2%

Value ($000) $1,006 Shares 123,000 Est. Cost $10.30 Unrealized —

— SL GREEN REALTY CORP 0.3%

Value ($000) $1,639 Shares 16,923 Est. Cost $92.30 Unrealized —

ELME WASHINGTON REIT 0.1%

Value ($000) $437 Shares 16,000 Est. Cost $32.69 Unrealized —

— LASALLE HOTEL PROPERTIES 0.3%

Value ($000) $1,700 Shares 58,600 Est. Cost $24.15 Unrealized —

— INFRAREIT INC 0.2%

Value ($000) $1,208 Shares 62,180 Est. Cost $17.90 Unrealized —

KRC KILROY REALTY CORP 0.2%

Value ($000) $922 Shares 13,000 Est. Cost $61.85 Unrealized —

— HEALTHCARE REALTY TRUST INC 0.1%

Value ($000) $296 Shares 10,682 Est. Cost $25.50 Unrealized —

— CHESAPEAKE LODGING TRUST 0.3%

Value ($000) $1,432 Shares 51,500 Est. Cost $22.49 Unrealized —

— DCT INDUSTRIAL TRUST INC 0.1%

Value ($000) $677 Shares 12,025 Est. Cost $33.65 Unrealized —

— DUKE REALTY CORP 0.2%

Value ($000) $1,007 Shares 38,024 Est. Cost $17.58 Unrealized —

JBGS JBG SMITH PROPERTIES 0.2%

Value ($000) $923 Shares 27,382 Est. Cost $34.22 Unrealized —

INVH INVITATION HOMES INC 0.1%

Value ($000) $590 Shares 25,824 Est. Cost $18.66 Unrealized -3.8%

ESS ESSEX PROPERTY TRUST INC 0.4%

Value ($000) $2,118 Shares 8,800 Est. Cost $127.99 Unrealized +37.5%

KW KENNEDY-WILSON HOLDINGS INC 0.1%

Value ($000) $697 Shares 40,081 Est. Cost $18.83 Unrealized -8.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPG	SIMON PROPERTY GROUP INC	68,108	$10,512	1.9%	$90.22	+15.1%	COMMON STOCK	828806109
—	SELECT INCOME REIT	125,800	$2,451	0.4%	$26.33	—	COMMON STOCK	81618T100
VTR	VENTAS INC	62,482	$3,095	0.6%	$44.48	-15.8%	COMMON STOCK	92276F100
—	SENIOR HOUSING PROP TRUST	149,100	$2,335	0.4%	$19.32	—	COMMON STOCK	81721M109
KRG	KITE REALTY GROUP TRUST	114,000	$1,736	0.3%	$24.57	—	COMMON STOCK	49803T300
MHK	MOHAWK INDUSTRIES INC	11,000	$2,554	0.5%	$268.29	-4.0%	COMMON STOCK	608190104
BRX	BRIXMOR PROPERTY GROUP INC	111,000	$1,693	0.3%	$25.62	—	COMMON STOCK	11120U105
BDN	BRANDYWINE REALTY TRUST	153,400	$2,436	0.4%	$13.60	—	COMMON STOCK	105368203
SKT	TANGER FACTORY OUTLET CENTER	78,000	$1,716	0.3%	$32.33	—	COMMON STOCK	875465106
—	HOSPITALITY PROPERTIES TRUST	73,434	$1,861	0.3%	$27.41	—	COMMON STOCK	44106M102
—	RAMCO-GERSHENSON PROPERTIES	138,782	$1,715	0.3%	$16.68	—	COMMON STOCK	751452202
AVB	AVALONBAY COMMUNITIES INC	23,520	$3,868	0.7%	$85.93	+45.1%	COMMON STOCK	053484101
—	VEREIT INC	380,000	$2,645	0.5%	$8.82	—	COMMON STOCK	92339V100
MAA	MID-AMERICA APARTMENT COMM	32,740	$2,987	0.5%	$54.68	+26.1%	COMMON STOCK	59522J103
VNO	VORNADO REALTY TRUST	27,765	$1,869	0.3%	$82.84	—	COMMON STOCK	929042109
KMB	KIMBERLY-CLARK CORP	28,000	$3,084	0.6%	$96.22	-10.4%	COMMON STOCK	494368103
—	DDR CORP	179,000	$1,312	0.2%	$15.28	—	COMMON STOCK	23317H102
DLR	DIGITAL REALTY TRUST INC	33,750	$3,557	0.6%	$40.72	+96.6%	COMMON STOCK	253868103
—	HCP INC	94,593	$2,197	0.4%	$40.87	—	COMMON STOCK	40414L109
SO	SOUTHERN CO/THE	78,200	$3,492	0.6%	$27.55	+16.7%	COMMON STOCK	842587107
—	GGP Inc	85,500	$1,749	0.3%	$23.18	—	COMMON STOCK	36174X101
CPT	CAMDEN PROPERTY TRUST	30,369	$2,556	0.5%	$46.09	+38.5%	COMMON STOCK	133131102
—	LIBERTY PROPERTY TRUST	71,096	$2,825	0.5%	$37.54	—	COMMON STOCK	531172104
MAC	MACERICH CO/THE	23,507	$1,317	0.2%	$60.58	—	COMMON STOCK	554382101
HST	HOST HOTELS and RESORTS INC	183,998	$3,430	0.6%	$10.94	+32.3%	COMMON STOCK	44107P104
HIW	HIGHWOODS PROPERTIES INC	30,802	$1,350	0.2%	$35.61	—	COMMON STOCK	431284108
—	WEINGARTEN REALTY INVESTORS	45,336	$1,273	0.2%	$30.78	—	COMMON STOCK	948741103
KIM	KIMCO REALTY CORP	57,731	$831	0.1%	$12.61	-17.5%	COMMON STOCK	49446R109
STAG	STAG INDUSTRIAL INC	63,500	$1,519	0.3%	$19.62	—	COMMON STOCK	85254J102
—	COLUMBIA PROPERTY TRUST INC	86,000	$1,760	0.3%	$22.21	—	COMMON STOCK	198287203
RLJ	RLJ LODGING TRUST	79,200	$1,540	0.3%	$23.24	—	COMMON STOCK	74965L101
PSA	PUBLIC STORAGE	21,074	$4,223	0.8%	$97.16	+45.0%	COMMON STOCK	74460D109
GLPI	GAMING AND LEISURE PROPERTIE	48,000	$1,607	0.3%	$29.35	—	COMMON STOCK	36467J108
SBRA	SABRA HEALTH CARE REIT INC	148,030	$2,613	0.5%	$22.67	—	COMMON STOCK	78573L106
ESRT	EMPIRE STATE REALTY TRUST-A	43,000	$722	0.1%	$17.53	—	COMMON STOCK	292104106
—	QUALITY CARE PROPERTIES	28,718	$558	0.1%	$15.50	—	COMMON STOCK	747545101
—	TAUBMAN CENTERS INC	16,000	$911	0.2%	$71.25	—	COMMON STOCK	876664103
—	CBL and ASSOCIATES PROPERTIES	91,000	$379	0.1%	$9.31	—	COMMON STOCK	124830100
EGP	EASTGROUP PROPERTIES INC	22,500	$1,860	0.3%	$57.86	—	COMMON STOCK	277276101
PLD	PROLOGIS INC	84,000	$5,291	1.0%	$29.27	+70.4%	COMMON STOCK	74340W103
DRH	DIAMONDROCK HOSPITALITY CO	148,000	$1,545	0.3%	$9.10	—	COMMON STOCK	252784301
—	APARTMENT INVT and MGMT CO -A	41,500	$1,691	0.3%	$42.96	—	COMMON STOCK	03748R101
EQR	EQUITY RESIDENTIAL	55,356	$3,411	0.6%	$33.59	+31.8%	COMMON STOCK	29476L107
BXP	BOSTON PROPERTIES INC	16,417	$2,023	0.4%	$64.00	+33.0%	COMMON STOCK	101121101
UDR	UDR INC	35,367	$1,260	0.2%	$15.84	+67.3%	COMMON STOCK	902653104
HSIC	HENRY SCHEIN INC	37,000	$2,487	0.4%	$63.85	-13.2%	COMMON STOCK	806407102
—	COUSINS PROPERTIES INC	171,000	$1,484	0.3%	$10.38	—	COMMON STOCK	222795106
ARE	ALEXANDRIA REAL ESTATE EQUIT	16,900	$2,111	0.4%	$45.03	+106.1%	COMMON STOCK	015271109
RMR	RMR GROUP INC/THE - A	7,684	$537	0.1%	$7.12	+386.2%	COMMON STOCK	74967R106
INN	SUMMIT HOTEL PROPERTIES INC	49,000	$667	0.1%	$14.07	—	COMMON STOCK	866082100
—	NEW SENIOR INVESTMENT GROUP	123,000	$1,006	0.2%	$10.30	—	COMMON STOCK	648691103
—	SL GREEN REALTY CORP	16,923	$1,639	0.3%	$92.30	—	COMMON STOCK	78440X101
ELME	WASHINGTON REIT	16,000	$437	0.1%	$32.69	—	COMMON STOCK	939653101
—	LASALLE HOTEL PROPERTIES	58,600	$1,700	0.3%	$24.15	—	COMMON STOCK	517942108
—	INFRAREIT INC	62,180	$1,208	0.2%	$17.90	—	COMMON STOCK	45685L100
KRC	KILROY REALTY CORP	13,000	$922	0.2%	$61.85	—	COMMON STOCK	49427F108
—	HEALTHCARE REALTY TRUST INC	10,682	$296	0.1%	$25.50	—	COMMON STOCK	421946104
—	CHESAPEAKE LODGING TRUST	51,500	$1,432	0.3%	$22.49	—	COMMON STOCK	165240102
—	DCT INDUSTRIAL TRUST INC	12,025	$677	0.1%	$33.65	—	COMMON STOCK	233153204
—	DUKE REALTY CORP	38,024	$1,007	0.2%	$17.58	—	COMMON STOCK	264411505
JBGS	JBG SMITH PROPERTIES	27,382	$923	0.2%	$34.22	—	COMMON STOCK	46590V100
INVH	INVITATION HOMES INC	25,824	$590	0.1%	$18.66	-3.8%	COMMON STOCK	46187W107
ESS	ESSEX PROPERTY TRUST INC	8,800	$2,118	0.4%	$127.99	+37.5%	COMMON STOCK	297178105
KW	KENNEDY-WILSON HOLDINGS INC	40,081	$697	0.1%	$18.83	-8.9%	COMMON STOCK	489398107