Pensionfund PDN Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DIS	WALT DISNEY CO/THE	43,000	$4,774	0.9%	$107.88	0.0%	COMMON STOCK	254687106
EXC	EXELON CORP	60,000	$3,008	0.6%	$26.74	0.0%	COMMON STOCK	30161N101
ELV	ANTHEM INC	10,000	$2,870	0.5%	$263.72	0.0%	COMMON STOCK	036752103
—	APARTMENT INVT and MGMT CO -A	51,525	$2,591	0.5%	$50.29	—	COMMON STOCK	03748R754
WAT	WATERS CORP	10,000	$2,517	0.5%	$227.86	0.0%	COMMON STOCK	941848103
FE	FIRSTENERGY CORP	60,000	$2,497	0.5%	$30.02	0.0%	COMMON STOCK	337932107
—	BBandT CORP	53,000	$2,466	0.5%	$46.53	—	COMMON STOCK	054937107
A	AGILENT TECHNOLOGIES INC	30,000	$2,411	0.4%	$72.29	0.0%	COMMON STOCK	00846U101
CHRW	C.H. ROBINSON WORLDWIDE INC	25,000	$2,175	0.4%	$74.46	0.0%	COMMON STOCK	12541W209
RGA	REINSURANCE GROUP OF AMERICA	15,000	$2,130	0.4%	$143.96	0.0%	COMMON STOCK	759351604
AFG	AMERICAN FINANCIAL GROUP INC	22,000	$2,117	0.4%	$51.58	0.0%	COMMON STOCK	025932104
OPITQ	OFFICE PROPERTIES INCOME TRUST	32,708	$904	0.2%	$27.64	—	COMMON STOCK	67623C109

Increased Positions (22)

— SL GREEN REALTY CORP 0.7%

Value ($000) $3,590 (+168.3%) Shares 39,923 (+135.9%) Est. Cost $90.93 Unrealized —

CVS CVS HEALTH CORP 0.5%

Value ($000) $2,719 (+169.2%) Shares 50,415 (+227.1%) Est. Cost $52.50 Unrealized -5.8%

NHI NATL HEALTH INVESTORS INC 0.3%

Value ($000) $1,728 (+281.5%) Shares 22,000 (+266.7%) Est. Cost $75.49 Unrealized —

BBY BEST BUY CO INC 0.5%

Value ($000) $2,736 (+64.0%) Shares 38,500 (+22.2%) Est. Cost $40.74 Unrealized +17.2%

VZ VERIZON COMMUNICATIONS INC 1.2%

Value ($000) $6,386 (+18.3%) Shares 108,000 (+12.5%) Est. Cost $38.65 Unrealized +0.8%

MO ALTRIA GROUP INC 0.8%

Value ($000) $4,089 (+31.0%) Shares 71,200 (+12.7%) Est. Cost $20.93 Unrealized +42.0%

— STORE CAPITAL CORP 0.2%

Value ($000) $1,307 (+188.5%) Shares 39,000 (+143.8%) Est. Cost $30.99 Unrealized —

NTAP NETAPP INC 0.4%

Value ($000) $2,427 (+45.2%) Shares 35,000 (+25.0%) Est. Cost $57.90 Unrealized -7.8%

SWKS SKYWORKS SOLUTIONS INC 0.4%

Value ($000) $2,359 (+43.1%) Shares 28,600 (+16.3%) Est. Cost $64.20 Unrealized +2.2%

DRI DARDEN RESTAURANTS INC 0.5%

Value ($000) $2,514 (+34.7%) Shares 20,700 (+10.7%) Est. Cost $88.06 Unrealized +2.9%

APH AMPHENOL CORP-CL A 0.5%

Value ($000) $2,644 (+30.5%) Shares 28,000 (+12.0%) Est. Cost $20.15 Unrealized +3.9%

SYY SYSCO CORP 0.5%

Value ($000) $2,690 (+28.9%) Shares 40,300 (+21.0%) Est. Cost $55.45 Unrealized -2.4%

— VEREIT INC 0.6%

Value ($000) $3,289 (+21.1%) Shares 393,000 (+3.4%) Est. Cost $8.81 Unrealized —

MCD MCDONALD'S CORP 0.8%

Value ($000) $4,558 (+14.1%) Shares 24,000 (+6.7%) Est. Cost $150.38 Unrealized +2.8%

BR BROADRIDGE FINANCIAL SOLUTIO 0.4%

Value ($000) $2,271 (+31.8%) Shares 21,900 (+22.3%) Est. Cost $67.28 Unrealized +32.5%

SEIC SEI INVESTMENTS COMPANY 0.4%

Value ($000) $2,289 (+27.7%) Shares 43,800 (+12.9%) Est. Cost $46.08 Unrealized -0.8%

RHI ROBERT HALF INTL INC 0.4%

Value ($000) $2,157 (+29.5%) Shares 33,100 (+13.7%) Est. Cost $54.44 Unrealized +16.5%

AMGN AMGEN INC 0.8%

Value ($000) $4,218 (+12.8%) Shares 22,200 (+15.6%) Est. Cost $156.54 Unrealized -1.2%

— MONMOUTH REAL ESTATE INV COR 0.3%

Value ($000) $1,885 (+31.1%) Shares 143,000 (+23.3%) Est. Cost $14.48 Unrealized —

GWW WW GRAINGER INC 0.4%

Value ($000) $2,347 (+22.2%) Shares 7,800 (+14.7%) Est. Cost $239.72 Unrealized +13.3%

ADM ARCHER-DANIELS-MIDLAND CO 0.4%

Value ($000) $2,359 (+20.7%) Shares 54,700 (+14.7%) Est. Cost $37.36 Unrealized -6.6%

— PREFERRED APARTMENT COMMUN-A 0.2%

Value ($000) $1,037 (+47.5%) Shares 70,000 (+40.0%) Est. Cost $16.38 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SL GREEN REALTY CORP	39,923 (+135.9%)	$3,590 (+168.3%)	0.7%	$90.93	—	COMMON STOCK	78440X101
CVS	CVS HEALTH CORP	50,415 (+227.1%)	$2,719 (+169.2%)	0.5%	$52.50	-5.8%	COMMON STOCK	126650100
NHI	NATL HEALTH INVESTORS INC	22,000 (+266.7%)	$1,728 (+281.5%)	0.3%	$75.49	—	COMMON STOCK	63633D104
BBY	BEST BUY CO INC	38,500 (+22.2%)	$2,736 (+64.0%)	0.5%	$40.74	+17.2%	COMMON STOCK	086516101
VZ	VERIZON COMMUNICATIONS INC	108,000 (+12.5%)	$6,386 (+18.3%)	1.2%	$38.65	+0.8%	COMMON STOCK	92343V104
MO	ALTRIA GROUP INC	71,200 (+12.7%)	$4,089 (+31.0%)	0.8%	$20.93	+42.0%	COMMON STOCK	02209S103
—	STORE CAPITAL CORP	39,000 (+143.8%)	$1,307 (+188.5%)	0.2%	$30.99	—	COMMON STOCK	862121100
NTAP	NETAPP INC	35,000 (+25.0%)	$2,427 (+45.2%)	0.4%	$57.90	-7.8%	COMMON STOCK	64110D104
SWKS	SKYWORKS SOLUTIONS INC	28,600 (+16.3%)	$2,359 (+43.1%)	0.4%	$64.20	+2.2%	COMMON STOCK	83088M102
DRI	DARDEN RESTAURANTS INC	20,700 (+10.7%)	$2,514 (+34.7%)	0.5%	$88.06	+2.9%	COMMON STOCK	237194105
APH	AMPHENOL CORP-CL A	28,000 (+12.0%)	$2,644 (+30.5%)	0.5%	$20.15	+3.9%	COMMON STOCK	032095101
SYY	SYSCO CORP	40,300 (+21.0%)	$2,690 (+28.9%)	0.5%	$55.45	-2.4%	COMMON STOCK	871829107
—	VEREIT INC	393,000 (+3.4%)	$3,289 (+21.1%)	0.6%	$8.81	—	COMMON STOCK	92339V100
MCD	MCDONALD'S CORP	24,000 (+6.7%)	$4,558 (+14.1%)	0.8%	$150.38	+2.8%	COMMON STOCK	580135101
BR	BROADRIDGE FINANCIAL SOLUTIO	21,900 (+22.3%)	$2,271 (+31.8%)	0.4%	$67.28	+32.5%	COMMON STOCK	11133T103
SEIC	SEI INVESTMENTS COMPANY	43,800 (+12.9%)	$2,289 (+27.7%)	0.4%	$46.08	-0.8%	COMMON STOCK	784117103
RHI	ROBERT HALF INTL INC	33,100 (+13.7%)	$2,157 (+29.5%)	0.4%	$54.44	+16.5%	COMMON STOCK	770323103
AMGN	AMGEN INC	22,200 (+15.6%)	$4,218 (+12.8%)	0.8%	$156.54	-1.2%	COMMON STOCK	031162100
—	MONMOUTH REAL ESTATE INV COR	143,000 (+23.3%)	$1,885 (+31.1%)	0.3%	$14.48	—	COMMON STOCK	609720107
GWW	WW GRAINGER INC	7,800 (+14.7%)	$2,347 (+22.2%)	0.4%	$239.72	+13.3%	COMMON STOCK	384802104
ADM	ARCHER-DANIELS-MIDLAND CO	54,700 (+14.7%)	$2,359 (+20.7%)	0.4%	$37.36	-6.6%	COMMON STOCK	039483102
—	PREFERRED APARTMENT COMMUN-A	70,000 (+40.0%)	$1,037 (+47.5%)	0.2%	$16.38	—	COMMON STOCK	74039L103

Exited Positions (17)

MDLZ MONDELEZ INTERNATIONAL INC-A 0.6%

Value ($000) $3,082 Shares 77,000 Est. Cost $35.59 Unrealized +8.9%

— APARTMENT INVT and MGMT CO -A 0.5%

Value ($000) $2,699 Shares 61,500 Est. Cost $42.74 Unrealized —

NNN NATIONAL RETAIL PROPERTIES 0.5%

Value ($000) $2,474 Shares 51,000 Est. Cost $44.82 Unrealized —

SHW SHERWIN-WILLIAMS CO/THE 0.4%

Value ($000) $2,439 Shares 6,200 Est. Cost $126.58 Unrealized +3.4%

CNP CENTERPOINT ENERGY INC 0.4%

Value ($000) $2,428 Shares 86,000 Est. Cost $22.53 Unrealized +10.0%

MCO MOODY'S CORP 0.4%

Value ($000) $2,339 Shares 16,700 Est. Cost $121.93 Unrealized +27.1%

UAL UNITED CONTINENTAL HOLDINGS 0.4%

Value ($000) $2,261 Shares 27,000 Est. Cost $82.48 Unrealized +2.3%

FDX FEDEX CORP 0.4%

Value ($000) $2,097 Shares 13,000 Est. Cost $212.22 Unrealized -26.6%

VFC VF CORP 0.4%

Value ($000) $2,083 Shares 29,200 Est. Cost $66.06 Unrealized +18.1%

SEE SEALED AIR CORP 0.3%

Value ($000) $1,881 Shares 54,000 Est. Cost $36.15 Unrealized +1.2%

DGX QUEST DIAGNOSTICS INC 0.3%

Value ($000) $1,749 Shares 21,000 Est. Cost $94.62 Unrealized -20.2%

— LABORATORY CRP OF AMER HLDGS 0.3%

Value ($000) $1,668 Shares 13,200 Est. Cost $126.36 Unrealized —

DUK DUKE ENERGY CORP 0.3%

Value ($000) $1,579 Shares 18,300 Est. Cost $46.61 Unrealized +43.6%

— EATON VANCE CORP 0.3%

Value ($000) $1,530 Shares 43,500 Est. Cost $52.18 Unrealized —

JBGS JBG SMITH PROPERTIES 0.2%

Value ($000) $953 Shares 27,382 Est. Cost $34.22 Unrealized —

— SELECT INCOME REIT 0.2%

Value ($000) $926 Shares 125,800 Est. Cost $26.33 Unrealized —

— SPIRIT MTA REIT 0.0%

Value ($000) $62 Shares 8,700 Est. Cost $10.31 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MDLZ	MONDELEZ INTERNATIONAL INC-A	77,000	$3,082	0.6%	$35.59	+8.9%	—	609207105
—	APARTMENT INVT and MGMT CO -A	61,500	$2,699	0.5%	$42.74	—	—	03748R101
NNN	NATIONAL RETAIL PROPERTIES	51,000	$2,474	0.5%	$44.82	—	—	637417106
SHW	SHERWIN-WILLIAMS CO/THE	6,200	$2,439	0.4%	$126.58	+3.4%	—	824348106
CNP	CENTERPOINT ENERGY INC	86,000	$2,428	0.4%	$22.53	+10.0%	—	15189T107
MCO	MOODY'S CORP	16,700	$2,339	0.4%	$121.93	+27.1%	—	615369105
UAL	UNITED CONTINENTAL HOLDINGS	27,000	$2,261	0.4%	$82.48	+2.3%	—	910047109
FDX	FEDEX CORP	13,000	$2,097	0.4%	$212.22	-26.6%	—	31428X106
VFC	VF CORP	29,200	$2,083	0.4%	$66.06	+18.1%	—	918204108
SEE	SEALED AIR CORP	54,000	$1,881	0.3%	$36.15	+1.2%	—	81211K100
DGX	QUEST DIAGNOSTICS INC	21,000	$1,749	0.3%	$94.62	-20.2%	—	74834L100
—	LABORATORY CRP OF AMER HLDGS	13,200	$1,668	0.3%	$126.36	—	—	50540R409
DUK	DUKE ENERGY CORP	18,300	$1,579	0.3%	$46.61	+43.6%	—	26441C204
—	EATON VANCE CORP	43,500	$1,530	0.3%	$52.18	—	—	278265103
JBGS	JBG SMITH PROPERTIES	27,382	$953	0.2%	$34.22	—	—	46590V100
—	SELECT INCOME REIT	125,800	$926	0.2%	$26.33	—	—	81618T100
—	SPIRIT MTA REIT	8,700	$62	0.0%	$10.31	—	—	84861U105

Decreased Positions (71)

AAPL APPLE INC 2.1%

Value ($000) $11,701 (+18.5%) Shares 61,600 (-1.6%) Est. Cost $24.56 Unrealized +64.6%

MSFT MICROSOFT CORP 2.2%

Value ($000) $11,735 (+11.1%) Shares 99,500 (-4.3%) Est. Cost $33.54 Unrealized +205.0%

XOM EXXON MOBIL CORP 1.4%

Value ($000) $7,773 (+16.1%) Shares 96,200 (-2.0%) Est. Cost $56.14 Unrealized -1.3%

DRH DIAMONDROCK HOSPITALITY CO 0.1%

Value ($000) $412 (-69.3%) Shares 38,000 (-74.3%) Est. Cost $9.10 Unrealized —

EGP EASTGROUP PROPERTIES INC 0.1%

Value ($000) $692 (-56.9%) Shares 6,200 (-64.6%) Est. Cost $57.86 Unrealized —

SPG SIMON PROPERTY GROUP INC 2.7%

Value ($000) $14,633 (+5.8%) Shares 80,308 (-2.4%) Est. Cost $95.52 Unrealized +27.3%

— INFRAREIT INC 0.1%

Value ($000) $523 (-60.0%) Shares 24,933 (-59.9%) Est. Cost $17.90 Unrealized —

— Life Storage Inc 0.2%

Value ($000) $1,216 (-39.2%) Shares 12,500 (-41.9%) Est. Cost $86.76 Unrealized —

PEB PEBBLEBROOK HOTEL TRUST 0.1%

Value ($000) $743 (-51.3%) Shares 23,911 (-55.6%) Est. Cost $28.31 Unrealized —

— RPT REALTY 0.2%

Value ($000) $910 (-45.1%) Shares 75,782 (-45.4%) Est. Cost $11.95 Unrealized —

— CELGENE CORP 0.6%

Value ($000) $3,113 (+27.8%) Shares 33,000 (-13.2%) Est. Cost $89.50 Unrealized —

CSCO CISCO SYSTEMS INC 1.2%

Value ($000) $6,371 (+10.6%) Shares 118,000 (-11.3%) Est. Cost $36.04 Unrealized +9.6%

HUM HUMANA INC 0.4%

Value ($000) $2,421 (-16.3%) Shares 9,100 (-9.9%) Est. Cost $274.31 Unrealized -1.1%

IBM INTL BUSINESS MACHINES CORP 0.8%

Value ($000) $4,134 (+12.6%) Shares 29,300 (-9.3%) Est. Cost $101.76 Unrealized -7.0%

SPGI SandP GLOBAL INC 0.6%

Value ($000) $3,158 (+16.1%) Shares 15,000 (-6.3%) Est. Cost $96.34 Unrealized +89.6%

PFE PFIZER INC 1.1%

Value ($000) $6,128 (-6.6%) Shares 144,300 (-4.0%) Est. Cost $21.05 Unrealized +38.9%

FFIV F5 NETWORKS INC 0.4%

Value ($000) $2,150 (-15.5%) Shares 13,700 (-12.7%) Est. Cost $108.93 Unrealized +47.7%

V VISA INC-CLASS A SHARES 1.2%

Value ($000) $6,779 (+6.2%) Shares 43,400 (-10.3%) Est. Cost $70.84 Unrealized +93.9%

MA MASTERCARD INC - A 1.1%

Value ($000) $5,769 (+7.3%) Shares 24,500 (-14.0%) Est. Cost $89.14 Unrealized +132.5%

UMH UMH PROPERTIES INC 0.1%

Value ($000) $529 (-42.2%) Shares 37,583 (-51.4%) Est. Cost $13.41 Unrealized —

KW KENNEDY-WILSON HOLDINGS INC 0.1%

Value ($000) $729 (-33.2%) Shares 34,081 (-43.3%) Est. Cost $18.95 Unrealized +7.1%

CLDT CHATHAM LODGING TRUST 0.1%

Value ($000) $500 (-41.1%) Shares 26,000 (-45.8%) Est. Cost $19.15 Unrealized —

L LOEWS CORP 0.4%

Value ($000) $2,291 (-12.9%) Shares 47,800 (-17.3%) Est. Cost $45.06 Unrealized +1.7%

— CHESAPEAKE LODGING TRUST 0.2%

Value ($000) $932 (-25.7%) Shares 33,500 (-35.0%) Est. Cost $22.49 Unrealized —

PPL PPL CORP 0.5%

Value ($000) $2,539 (-10.4%) Shares 80,000 (-20.0%) Est. Cost $25.40 Unrealized -9.1%

— QTS REALTY TRUST INC-CL A 0.2%

Value ($000) $1,080 (-21.2%) Shares 24,000 (-35.1%) Est. Cost $44.52 Unrealized —

SNA SNAP-ON INC 0.4%

Value ($000) $2,113 (-11.8%) Shares 13,500 (-18.2%) Est. Cost $124.36 Unrealized +6.6%

CUBE CUBESMART 0.3%

Value ($000) $1,506 (-15.3%) Shares 47,000 (-24.2%) Est. Cost $28.19 Unrealized —

SBUX STARBUCKS CORP 0.7%

Value ($000) $3,806 (-6.5%) Shares 51,200 (-19.0%) Est. Cost $33.68 Unrealized +75.9%

— LIBERTY PROPERTY TRUST 0.5%

Value ($000) $2,716 (-8.8%) Shares 56,096 (-21.1%) Est. Cost $37.54 Unrealized —

UPS UNITED PARCEL SERVICE-CL B 0.6%

Value ($000) $3,531 (+7.8%) Shares 31,600 (-6.0%) Est. Cost $62.45 Unrealized +29.7%

— TORCHMARK CORP 0.4%

Value ($000) $2,147 (-10.5%) Shares 26,200 (-18.6%) Est. Cost $56.38 Unrealized —

AVY AVERY DENNISON CORP 0.5%

Value ($000) $2,463 (+10.5%) Shares 21,800 (-12.1%) Est. Cost $61.60 Unrealized +48.6%

ZTS ZOETIS INC 0.6%

Value ($000) $3,201 (+7.5%) Shares 31,800 (-8.6%) Est. Cost $74.07 Unrealized +16.0%

— NEW SENIOR INVESTMENT GROUP 0.1%

Value ($000) $289 (-43.0%) Shares 53,000 (-56.9%) Est. Cost $10.30 Unrealized —

WELL WELLTOWER INC 0.9%

Value ($000) $4,652 (+4.8%) Shares 59,953 (-6.3%) Est. Cost $44.28 Unrealized +36.2%

ITW ILLINOIS TOOL WORKS 0.5%

Value ($000) $2,885 (+7.9%) Shares 20,100 (-4.7%) Est. Cost $68.35 Unrealized +71.2%

MPT MEDICAL PROPERTIES TRUST INC 0.4%

Value ($000) $2,184 (-8.2%) Shares 118,000 (-20.3%) Est. Cost $13.20 Unrealized —

WM WASTE MANAGEMENT INC 0.5%

Value ($000) $2,982 (-6.1%) Shares 28,700 (-19.6%) Est. Cost $72.68 Unrealized +19.7%

KRG KITE REALTY GROUP TRUST 0.3%

Value ($000) $1,423 (-11.4%) Shares 89,000 (-21.9%) Est. Cost $24.57 Unrealized —

MSI MOTOROLA SOLUTIONS INC 0.5%

Value ($000) $2,836 (+6.3%) Shares 20,200 (-12.9%) Est. Cost $99.23 Unrealized +19.3%

PPG PPG INDUSTRIES INC 0.5%

Value ($000) $2,675 (-5.5%) Shares 23,700 (-14.4%) Est. Cost $91.06 Unrealized +3.1%

YUM YUM! BRANDS INC 0.5%

Value ($000) $2,755 (-5.2%) Shares 27,600 (-12.7%) Est. Cost $64.74 Unrealized +28.9%

SBRA SABRA HEALTH CARE REIT INC 0.4%

Value ($000) $2,259 (+7.1%) Shares 116,030 (-9.4%) Est. Cost $22.67 Unrealized —

GLPI GAMING AND LEISURE PROPERTIE 0.5%

Value ($000) $2,893 (+5.4%) Shares 75,000 (-11.8%) Est. Cost $31.62 Unrealized —

— PHYSICIANS REALTY TRUST 0.3%

Value ($000) $1,749 (-7.6%) Shares 93,000 (-21.2%) Est. Cost $15.33 Unrealized —

FISV FISERV INC 0.5%

Value ($000) $2,728 (-4.6%) Shares 30,900 (-20.6%) Est. Cost $62.50 Unrealized +32.0%

DG DOLLAR GENERAL CORP 0.5%

Value ($000) $2,625 (-4.8%) Shares 22,000 (-13.7%) Est. Cost $77.43 Unrealized +37.2%

EQR EQUITY RESIDENTIAL 0.9%

Value ($000) $4,697 (+2.6%) Shares 62,356 (-10.1%) Est. Cost $36.60 Unrealized +51.8%

RMR RMR GROUP INC/THE - A 0.0%

Value ($000) $93 (-55.9%) Shares 1,531 (-61.6%) Est. Cost $7.12 Unrealized +405.7%

ROST ROSS STORES INC 0.5%

Value ($000) $2,588 (+4.4%) Shares 27,800 (-6.7%) Est. Cost $38.23 Unrealized +124.1%

PG PROCTER and GAMBLE CO/THE 1.2%

Value ($000) $6,399 (+1.6%) Shares 61,500 (-10.2%) Est. Cost $72.65 Unrealized +13.0%

— INGERSOLL-RAND PLC 0.5%

Value ($000) $2,742 (-3.3%) Shares 25,400 (-55.9%) Est. Cost $77.16 Unrealized —

KMB KIMBERLY-CLARK CORP 0.6%

Value ($000) $3,098 (-2.9%) Shares 25,000 (-10.7%) Est. Cost $96.22 Unrealized -5.1%

AZO AUTOZONE INC 0.5%

Value ($000) $2,765 (+3.1%) Shares 2,700 (-15.6%) Est. Cost $715.82 Unrealized +25.4%

D DOMINION ENERGY INC 0.6%

Value ($000) $3,174 (-2.2%) Shares 41,400 (-8.8%) Est. Cost $46.36 Unrealized +16.2%

AFL AFLAC INC 0.5%

Value ($000) $2,845 (-2.3%) Shares 56,900 (-11.0%) Est. Cost $27.96 Unrealized +46.6%

PEP PEPSICO INC 0.9%

Value ($000) $4,963 (-1.3%) Shares 40,500 (-11.0%) Est. Cost $81.72 Unrealized +13.1%

ROK ROCKWELL AUTOMATION INC 0.5%

Value ($000) $2,492 (+2.2%) Shares 14,200 (-12.3%) Est. Cost $85.80 Unrealized +74.8%

MMM 3M CO 0.7%

Value ($000) $4,072 (+1.3%) Shares 19,600 (-7.1%) Est. Cost $71.80 Unrealized +82.6%

REGN REGENERON PHARMACEUTICALS 0.5%

Value ($000) $2,546 (+1.8%) Shares 6,200 (-7.5%) Est. Cost $364.00 Unrealized +12.5%

ADP AUTOMATIC DATA PROCESSING 0.6%

Value ($000) $3,482 (-0.9%) Shares 21,800 (-18.7%) Est. Cost $107.77 Unrealized +16.4%

CPT CAMDEN PROPERTY TRUST 0.6%

Value ($000) $3,082 (-1.0%) Shares 30,369 (-14.1%) Est. Cost $49.07 Unrealized +54.9%

UNP UNION PACIFIC CORP 0.8%

Value ($000) $4,147 (+0.7%) Shares 24,800 (-16.8%) Est. Cost $90.11 Unrealized +53.3%

MAA MID-AMERICA APARTMENT COMM 1.1%

Value ($000) $5,930 (+0.4%) Shares 54,240 (-12.1%) Est. Cost $65.95 Unrealized +23.6%

TSCO TRACTOR SUPPLY COMPANY 0.4%

Value ($000) $2,424 (+0.9%) Shares 24,800 (-13.9%) Est. Cost $12.36 Unrealized +32.2%

ORLY O'REILLY AUTOMOTIVE INC 0.5%

Value ($000) $2,873 (-0.7%) Shares 7,400 (-11.9%) Est. Cost $16.91 Unrealized +43.0%

LII LENNOX INTERNATIONAL INC 0.5%

Value ($000) $2,644 (+0.7%) Shares 10,000 (-16.7%) Est. Cost $184.49 Unrealized +19.1%

EPR EPR PROPERTIES 0.5%

Value ($000) $2,638 (-0.2%) Shares 34,300 (-16.9%) Est. Cost $55.90 Unrealized —

TRV TRAVELERS COS INC/THE 0.5%

Value ($000) $2,798 (-0.1%) Shares 20,400 (-12.8%) Est. Cost $91.51 Unrealized +20.5%

MTD METTLER-TOLEDO INTERNATIONAL 0.5%

Value ($000) $2,603 (+0.0%) Shares 3,600 (-21.7%) Est. Cost $316.01 Unrealized +105.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	61,600 (-1.6%)	$11,701 (+18.5%)	2.1%	$24.56	+64.6%	COMMON STOCK	037833100
MSFT	MICROSOFT CORP	99,500 (-4.3%)	$11,735 (+11.1%)	2.2%	$33.54	+205.0%	COMMON STOCK	594918104
XOM	EXXON MOBIL CORP	96,200 (-2.0%)	$7,773 (+16.1%)	1.4%	$56.14	-1.3%	COMMON STOCK	30231G102
DRH	DIAMONDROCK HOSPITALITY CO	38,000 (-74.3%)	$412 (-69.3%)	0.1%	$9.10	—	COMMON STOCK	252784301
EGP	EASTGROUP PROPERTIES INC	6,200 (-64.6%)	$692 (-56.9%)	0.1%	$57.86	—	COMMON STOCK	277276101
SPG	SIMON PROPERTY GROUP INC	80,308 (-2.4%)	$14,633 (+5.8%)	2.7%	$95.52	+27.3%	COMMON STOCK	828806109
—	INFRAREIT INC	24,933 (-59.9%)	$523 (-60.0%)	0.1%	$17.90	—	COMMON STOCK	45685L100
—	Life Storage Inc	12,500 (-41.9%)	$1,216 (-39.2%)	0.2%	$86.76	—	COMMON STOCK	53223X107
PEB	PEBBLEBROOK HOTEL TRUST	23,911 (-55.6%)	$743 (-51.3%)	0.1%	$28.31	—	COMMON STOCK	70509V100
—	RPT REALTY	75,782 (-45.4%)	$910 (-45.1%)	0.2%	$11.95	—	COMMON STOCK	74971D101
—	CELGENE CORP	33,000 (-13.2%)	$3,113 (+27.8%)	0.6%	$89.50	—	COMMON STOCK	151020104
CSCO	CISCO SYSTEMS INC	118,000 (-11.3%)	$6,371 (+10.6%)	1.2%	$36.04	+9.6%	COMMON STOCK	17275R102
HUM	HUMANA INC	9,100 (-9.9%)	$2,421 (-16.3%)	0.4%	$274.31	-1.1%	COMMON STOCK	444859102
IBM	INTL BUSINESS MACHINES CORP	29,300 (-9.3%)	$4,134 (+12.6%)	0.8%	$101.76	-7.0%	COMMON STOCK	459200101
SPGI	SandP GLOBAL INC	15,000 (-6.3%)	$3,158 (+16.1%)	0.6%	$96.34	+89.6%	COMMON STOCK	78409V104
PFE	PFIZER INC	144,300 (-4.0%)	$6,128 (-6.6%)	1.1%	$21.05	+38.9%	COMMON STOCK	717081103
FFIV	F5 NETWORKS INC	13,700 (-12.7%)	$2,150 (-15.5%)	0.4%	$108.93	+47.7%	COMMON STOCK	315616102
V	VISA INC-CLASS A SHARES	43,400 (-10.3%)	$6,779 (+6.2%)	1.2%	$70.84	+93.9%	COMMON STOCK	92826C839
MA	MASTERCARD INC - A	24,500 (-14.0%)	$5,769 (+7.3%)	1.1%	$89.14	+132.5%	COMMON STOCK	57636Q104
UMH	UMH PROPERTIES INC	37,583 (-51.4%)	$529 (-42.2%)	0.1%	$13.41	—	COMMON STOCK	903002103
KW	KENNEDY-WILSON HOLDINGS INC	34,081 (-43.3%)	$729 (-33.2%)	0.1%	$18.95	+7.1%	COMMON STOCK	489398107
CLDT	CHATHAM LODGING TRUST	26,000 (-45.8%)	$500 (-41.1%)	0.1%	$19.15	—	COMMON STOCK	16208T102
L	LOEWS CORP	47,800 (-17.3%)	$2,291 (-12.9%)	0.4%	$45.06	+1.7%	COMMON STOCK	540424108
—	CHESAPEAKE LODGING TRUST	33,500 (-35.0%)	$932 (-25.7%)	0.2%	$22.49	—	COMMON STOCK	165240102
PPL	PPL CORP	80,000 (-20.0%)	$2,539 (-10.4%)	0.5%	$25.40	-9.1%	COMMON STOCK	69351T106
—	QTS REALTY TRUST INC-CL A	24,000 (-35.1%)	$1,080 (-21.2%)	0.2%	$44.52	—	COMMON STOCK	74736A103
SNA	SNAP-ON INC	13,500 (-18.2%)	$2,113 (-11.8%)	0.4%	$124.36	+6.6%	COMMON STOCK	833034101
CUBE	CUBESMART	47,000 (-24.2%)	$1,506 (-15.3%)	0.3%	$28.19	—	COMMON STOCK	229663109
SBUX	STARBUCKS CORP	51,200 (-19.0%)	$3,806 (-6.5%)	0.7%	$33.68	+75.9%	COMMON STOCK	855244109
—	LIBERTY PROPERTY TRUST	56,096 (-21.1%)	$2,716 (-8.8%)	0.5%	$37.54	—	COMMON STOCK	531172104
UPS	UNITED PARCEL SERVICE-CL B	31,600 (-6.0%)	$3,531 (+7.8%)	0.6%	$62.45	+29.7%	COMMON STOCK	911312106
—	TORCHMARK CORP	26,200 (-18.6%)	$2,147 (-10.5%)	0.4%	$56.38	—	COMMON STOCK	891027104
AVY	AVERY DENNISON CORP	21,800 (-12.1%)	$2,463 (+10.5%)	0.5%	$61.60	+48.6%	COMMON STOCK	053611109
ZTS	ZOETIS INC	31,800 (-8.6%)	$3,201 (+7.5%)	0.6%	$74.07	+16.0%	COMMON STOCK	98978V103
—	NEW SENIOR INVESTMENT GROUP	53,000 (-56.9%)	$289 (-43.0%)	0.1%	$10.30	—	COMMON STOCK	648691103
WELL	WELLTOWER INC	59,953 (-6.3%)	$4,652 (+4.8%)	0.9%	$44.28	+36.2%	COMMON STOCK	95040Q104
ITW	ILLINOIS TOOL WORKS	20,100 (-4.7%)	$2,885 (+7.9%)	0.5%	$68.35	+71.2%	COMMON STOCK	452308109
MPT	MEDICAL PROPERTIES TRUST INC	118,000 (-20.3%)	$2,184 (-8.2%)	0.4%	$13.20	—	COMMON STOCK	58463J304
WM	WASTE MANAGEMENT INC	28,700 (-19.6%)	$2,982 (-6.1%)	0.5%	$72.68	+19.7%	COMMON STOCK	94106L109
KRG	KITE REALTY GROUP TRUST	89,000 (-21.9%)	$1,423 (-11.4%)	0.3%	$24.57	—	COMMON STOCK	49803T300
MSI	MOTOROLA SOLUTIONS INC	20,200 (-12.9%)	$2,836 (+6.3%)	0.5%	$99.23	+19.3%	COMMON STOCK	620076307
PPG	PPG INDUSTRIES INC	23,700 (-14.4%)	$2,675 (-5.5%)	0.5%	$91.06	+3.1%	COMMON STOCK	693506107
YUM	YUM! BRANDS INC	27,600 (-12.7%)	$2,755 (-5.2%)	0.5%	$64.74	+28.9%	COMMON STOCK	988498101
SBRA	SABRA HEALTH CARE REIT INC	116,030 (-9.4%)	$2,259 (+7.1%)	0.4%	$22.67	—	COMMON STOCK	78573L106
GLPI	GAMING AND LEISURE PROPERTIE	75,000 (-11.8%)	$2,893 (+5.4%)	0.5%	$31.62	—	COMMON STOCK	36467J108
—	PHYSICIANS REALTY TRUST	93,000 (-21.2%)	$1,749 (-7.6%)	0.3%	$15.33	—	COMMON STOCK	71943U104
FISV	FISERV INC	30,900 (-20.6%)	$2,728 (-4.6%)	0.5%	$62.50	+32.0%	COMMON STOCK	337738108
DG	DOLLAR GENERAL CORP	22,000 (-13.7%)	$2,625 (-4.8%)	0.5%	$77.43	+37.2%	COMMON STOCK	256677105
EQR	EQUITY RESIDENTIAL	62,356 (-10.1%)	$4,697 (+2.6%)	0.9%	$36.60	+51.8%	COMMON STOCK	29476L107
RMR	RMR GROUP INC/THE - A	1,531 (-61.6%)	$93 (-55.9%)	0.0%	$7.12	+405.7%	COMMON STOCK	74967R106
ROST	ROSS STORES INC	27,800 (-6.7%)	$2,588 (+4.4%)	0.5%	$38.23	+124.1%	COMMON STOCK	778296103
PG	PROCTER and GAMBLE CO/THE	61,500 (-10.2%)	$6,399 (+1.6%)	1.2%	$72.65	+13.0%	COMMON STOCK	742718109
—	INGERSOLL-RAND PLC	25,400 (-55.9%)	$2,742 (-3.3%)	0.5%	$77.16	—	COMMON STOCK	000000000
KMB	KIMBERLY-CLARK CORP	25,000 (-10.7%)	$3,098 (-2.9%)	0.6%	$96.22	-5.1%	COMMON STOCK	494368103
AZO	AUTOZONE INC	2,700 (-15.6%)	$2,765 (+3.1%)	0.5%	$715.82	+25.4%	COMMON STOCK	053332102
D	DOMINION ENERGY INC	41,400 (-8.8%)	$3,174 (-2.2%)	0.6%	$46.36	+16.2%	COMMON STOCK	25746U109
AFL	AFLAC INC	56,900 (-11.0%)	$2,845 (-2.3%)	0.5%	$27.96	+46.6%	COMMON STOCK	001055102
PEP	PEPSICO INC	40,500 (-11.0%)	$4,963 (-1.3%)	0.9%	$81.72	+13.1%	COMMON STOCK	713448108
ROK	ROCKWELL AUTOMATION INC	14,200 (-12.3%)	$2,492 (+2.2%)	0.5%	$85.80	+74.8%	COMMON STOCK	773903109
MMM	3M CO	19,600 (-7.1%)	$4,072 (+1.3%)	0.7%	$71.80	+82.6%	COMMON STOCK	88579Y101
REGN	REGENERON PHARMACEUTICALS	6,200 (-7.5%)	$2,546 (+1.8%)	0.5%	$364.00	+12.5%	COMMON STOCK	75886F107
ADP	AUTOMATIC DATA PROCESSING	21,800 (-18.7%)	$3,482 (-0.9%)	0.6%	$107.77	+16.4%	COMMON STOCK	053015103
CPT	CAMDEN PROPERTY TRUST	30,369 (-14.1%)	$3,082 (-1.0%)	0.6%	$49.07	+54.9%	COMMON STOCK	133131102
UNP	UNION PACIFIC CORP	24,800 (-16.8%)	$4,147 (+0.7%)	0.8%	$90.11	+53.3%	COMMON STOCK	907818108
MAA	MID-AMERICA APARTMENT COMM	54,240 (-12.1%)	$5,930 (+0.4%)	1.1%	$65.95	+23.6%	COMMON STOCK	59522J103
TSCO	TRACTOR SUPPLY COMPANY	24,800 (-13.9%)	$2,424 (+0.9%)	0.4%	$12.36	+32.2%	COMMON STOCK	892356106
ORLY	O'REILLY AUTOMOTIVE INC	7,400 (-11.9%)	$2,873 (-0.7%)	0.5%	$16.91	+43.0%	COMMON STOCK	67103H107
LII	LENNOX INTERNATIONAL INC	10,000 (-16.7%)	$2,644 (+0.7%)	0.5%	$184.49	+19.1%	COMMON STOCK	526107107
EPR	EPR PROPERTIES	34,300 (-16.9%)	$2,638 (-0.2%)	0.5%	$55.90	—	COMMON STOCK	26884U109
TRV	TRAVELERS COS INC/THE	20,400 (-12.8%)	$2,798 (-0.1%)	0.5%	$91.51	+20.5%	COMMON STOCK	89417E109
MTD	METTLER-TOLEDO INTERNATIONAL	3,600 (-21.7%)	$2,603 (+0.0%)	0.5%	$316.01	+105.7%	COMMON STOCK	592688105

Unchanged Positions (97)

PLD PROLOGIS INC 1.3%

Value ($000) $6,926 Shares 96,265 Est. Cost $32.36 Unrealized +74.2%

INTU INTUIT INC 0.6%

Value ($000) $3,529 Shares 13,500 Est. Cost $97.25 Unrealized +127.3%

SNPS SYNOPSYS INC 0.6%

Value ($000) $2,994 Shares 26,000 Est. Cost $95.32 Unrealized +4.0%

AVB AVALONBAY COMMUNITIES INC 1.1%

Value ($000) $5,845 Shares 29,120 Est. Cost $94.98 Unrealized +58.5%

KLAC KLA-TENCOR CORP 0.5%

Value ($000) $2,746 Shares 23,000 Est. Cost $84.23 Unrealized +16.4%

MAS MASCO CORP 0.5%

Value ($000) $2,681 Shares 68,200 Est. Cost $33.12 Unrealized -3.7%

SYK STRYKER CORP 0.6%

Value ($000) $3,299 Shares 16,700 Est. Cost $154.78 Unrealized +8.0%

BIIB BIOGEN INC 0.4%

Value ($000) $2,198 Shares 9,300 Est. Cost $230.33 Unrealized +36.7%

HD HOME DEPOT INC 1.0%

Value ($000) $5,699 Shares 29,700 Est. Cost $62.49 Unrealized +147.6%

CDP CORPORATE OFFICE PROPERTIES 0.5%

Value ($000) $2,594 Shares 95,000 Est. Cost $25.84 Unrealized —

LOW LOWE'S COS INC 0.7%

Value ($000) $3,766 Shares 34,400 Est. Cost $56.94 Unrealized +54.7%

CSX CSX CORP 0.6%

Value ($000) $3,202 Shares 42,800 Est. Cost $16.81 Unrealized +25.6%

BDN BRANDYWINE REALTY TRUST 0.5%

Value ($000) $2,877 Shares 181,400 Est. Cost $13.48 Unrealized —

PAYX PAYCHEX INC 0.5%

Value ($000) $2,759 Shares 34,400 Est. Cost $34.10 Unrealized +77.3%

TJX TJX COMPANIES INC 0.6%

Value ($000) $3,225 Shares 60,600 Est. Cost $37.64 Unrealized +20.8%

— CIGNA ORD 0.5%

Value ($000) $2,718 Shares 16,900 Est. Cost $186.95 Unrealized —

FAST FASTENAL CO 0.5%

Value ($000) $2,572 Shares 40,000 Est. Cost $11.28 Unrealized +12.0%

AOS SMITH (A.O.) CORP 0.4%

Value ($000) $2,357 Shares 44,200 Est. Cost $52.56 Unrealized -16.6%

DLR DIGITAL REALTY TRUST INC 0.8%

Value ($000) $4,468 Shares 37,550 Est. Cost $45.32 Unrealized +93.7%

SO SOUTHERN CO/THE 0.6%

Value ($000) $3,085 Shares 59,700 Est. Cost $27.55 Unrealized +35.8%

ARE ALEXANDRIA REAL ESTATE EQUIT 0.4%

Value ($000) $2,409 Shares 16,900 Est. Cost $45.03 Unrealized +125.6%

MRSH MARSH and MCLENNAN COS 0.6%

Value ($000) $3,024 Shares 32,200 Est. Cost $47.89 Unrealized +65.6%

— CDK GLOBAL INC 0.4%

Value ($000) $2,382 Shares 40,500 Est. Cost $71.27 Unrealized —

AMP AMERIPRISE FINANCIAL INC 0.4%

Value ($000) $2,370 Shares 18,500 Est. Cost $107.25 Unrealized +2.0%

CDW CDW CORP/DE 0.5%

Value ($000) $2,602 Shares 27,000 Est. Cost $79.14 Unrealized +3.8%

HST HOST HOTELS and RESORTS INC 0.6%

Value ($000) $3,478 Shares 183,998 Est. Cost $10.94 Unrealized +30.8%

CTAS CINTAS CORP 0.4%

Value ($000) $2,425 Shares 12,000 Est. Cost $47.83 Unrealized -5.2%

BRX BRIXMOR PROPERTY GROUP INC 0.4%

Value ($000) $2,039 Shares 111,000 Est. Cost $25.62 Unrealized —

IEX IDEX CORP 0.4%

Value ($000) $2,397 Shares 15,800 Est. Cost $122.75 Unrealized +6.0%

TXN TEXAS INSTRUMENTS INC 0.7%

Value ($000) $3,649 Shares 34,400 Est. Cost $40.51 Unrealized +110.8%

ESS ESSEX PROPERTY TRUST INC 0.5%

Value ($000) $2,545 Shares 8,800 Est. Cost $127.99 Unrealized +67.9%

— AMERICAN CAMPUS COMMUNITIES 0.5%

Value ($000) $2,855 Shares 60,000 Est. Cost $39.53 Unrealized —

PEG PUBLIC SERVICE ENTERPRISE GP 0.5%

Value ($000) $2,917 Shares 49,100 Est. Cost $38.22 Unrealized +15.9%

— TIER REIT INC 0.2%

Value ($000) $1,278 Shares 44,600 Est. Cost $18.09 Unrealized —

EMR EMERSON ELECTRIC CO 0.5%

Value ($000) $2,752 Shares 40,200 Est. Cost $49.23 Unrealized +13.8%

BXP BOSTON PROPERTIES INC 0.4%

Value ($000) $2,198 Shares 16,417 Est. Cost $64.00 Unrealized +44.7%

CTSH COGNIZANT TECH SOLUTIONS-A 0.5%

Value ($000) $2,731 Shares 37,700 Est. Cost $43.22 Unrealized +46.2%

ALL ALLSTATE CORP 0.5%

Value ($000) $2,731 Shares 29,000 Est. Cost $55.91 Unrealized +37.5%

UDR UDR INC 0.5%

Value ($000) $2,608 Shares 57,367 Est. Cost $20.29 Unrealized +66.5%

VTR VENTAS INC 0.7%

Value ($000) $3,987 Shares 62,482 Est. Cost $44.48 Unrealized +6.2%

ODFL OLD DOMINION FREIGHT LINE 0.4%

Value ($000) $2,238 Shares 15,500 Est. Cost $42.89 Unrealized +5.6%

— HUDSON PACIFIC PROPERTIES IN 0.4%

Value ($000) $2,082 Shares 60,500 Est. Cost $33.35 Unrealized —

PSA PUBLIC STORAGE 0.8%

Value ($000) $4,589 Shares 21,074 Est. Cost $97.16 Unrealized +61.8%

HIW HIGHWOODS PROPERTIES INC 0.3%

Value ($000) $1,862 Shares 39,802 Est. Cost $36.31 Unrealized —

— HCP INC 0.5%

Value ($000) $2,961 Shares 94,593 Est. Cost $40.87 Unrealized —

STAG STAG INDUSTRIAL INC 0.3%

Value ($000) $1,883 Shares 63,500 Est. Cost $19.62 Unrealized —

— COUSINS PROPERTIES INC 0.3%

Value ($000) $1,652 Shares 171,000 Est. Cost $10.38 Unrealized —

— HEALTHCARE TRUST OF AME-CL A 0.4%

Value ($000) $2,430 Shares 85,000 Est. Cost $25.31 Unrealized —

BMY BRISTOL-MYERS SQUIBB CO 0.6%

Value ($000) $3,101 Shares 65,000 Est. Cost $44.98 Unrealized -14.8%

— COLUMBIA PROPERTY TRUST INC 0.4%

Value ($000) $1,936 Shares 86,000 Est. Cost $22.21 Unrealized —

REG REGENCY CENTERS CORP 0.4%

Value ($000) $2,058 Shares 30,500 Est. Cost $46.71 Unrealized +2.8%

— PEOPLE'S UNITED FINANCIAL 0.4%

Value ($000) $2,039 Shares 124,000 Est. Cost $17.12 Unrealized —

EXPD EXPEDITORS INTL WASH INC 0.4%

Value ($000) $2,383 Shares 31,400 Est. Cost $58.41 Unrealized +13.7%

IRM IRON MOUNTAIN INC 0.5%

Value ($000) $2,748 Shares 77,500 Est. Cost $22.46 Unrealized +8.8%

— A SITE CENTER REIT 0.2%

Value ($000) $1,219 Shares 89,500 Est. Cost $17.90 Unrealized —

KIM KIMCO REALTY CORP 0.2%

Value ($000) $1,068 Shares 57,731 Est. Cost $12.61 Unrealized -1.2%

— Colony Capital Inc 0.3%

Value ($000) $1,826 Shares 343,163 Est. Cost $7.77 Unrealized —

— WEINGARTEN REALTY INVESTORS 0.2%

Value ($000) $1,332 Shares 45,336 Est. Cost $30.78 Unrealized —

— SPIRIT REALTY CAPITAL INC 0.3%

Value ($000) $1,772 Shares 44,600 Est. Cost $35.25 Unrealized —

— UNITI GROUP INC 0.1%

Value ($000) $504 Shares 45,000 Est. Cost $16.25 Unrealized —

VRE MACK-CALI REALTY CORP 0.3%

Value ($000) $1,554 Shares 70,000 Est. Cost $21.91 Unrealized —

HSY HERSHEY CO/THE 0.5%

Value ($000) $2,699 Shares 23,500 Est. Cost $73.25 Unrealized +26.7%

— HOSPITALITY PROPERTIES TRUST 0.4%

Value ($000) $1,932 Shares 73,434 Est. Cost $27.41 Unrealized —

— DUKE REALTY CORP 0.2%

Value ($000) $1,163 Shares 38,024 Est. Cost $17.58 Unrealized —

AMH AMERICAN HOMES 4 RENT- A 0.3%

Value ($000) $1,386 Shares 61,000 Est. Cost $21.50 Unrealized —

KRC KILROY REALTY CORP 0.2%

Value ($000) $987 Shares 13,000 Est. Cost $61.85 Unrealized —

— CBS CORP-CLASS B NON VOTING 0.4%

Value ($000) $2,091 Shares 44,000 Est. Cost $57.45 Unrealized —

USB US BANCORP 0.6%

Value ($000) $3,190 Shares 66,200 Est. Cost $39.05 Unrealized -3.7%

VNO VORNADO REALTY TRUST 0.3%

Value ($000) $1,872 Shares 27,765 Est. Cost $82.84 Unrealized —

JBHT HUNT (JB) TRANSPRT SVCS INC 0.3%

Value ($000) $1,843 Shares 18,200 Est. Cost $111.28 Unrealized -12.6%

— TAUBMAN CENTERS INC 0.2%

Value ($000) $846 Shares 16,000 Est. Cost $71.25 Unrealized —

AHRT ARMADA HOFFLER PROPERTIES IN 0.2%

Value ($000) $1,169 Shares 75,000 Est. Cost $14.30 Unrealized —

INVH INVITATION HOMES INC 0.1%

Value ($000) $628 Shares 25,824 Est. Cost $18.66 Unrealized -0.5%

FPI FARMLAND PARTNERS INC 0.1%

Value ($000) $331 Shares 51,653 Est. Cost $8.34 Unrealized —

RLJ RLJ LODGING TRUST 0.3%

Value ($000) $1,392 Shares 79,200 Est. Cost $23.24 Unrealized —

GNL GLOBAL NET LEASE INC 0.2%

Value ($000) $1,293 Shares 68,408 Est. Cost $19.63 Unrealized —

ELME WASHINGTON REIT 0.1%

Value ($000) $454 Shares 16,000 Est. Cost $32.69 Unrealized —

INN SUMMIT HOTEL PROPERTIES INC 0.1%

Value ($000) $559 Shares 49,000 Est. Cost $14.07 Unrealized —

ILPT INDUSTRIAL LOGISTICS PROPERT 0.5%

Value ($000) $2,812 Shares 139,415 Est. Cost $20.86 Unrealized —

ESRT EMPIRE STATE REALTY TRUST-A 0.1%

Value ($000) $679 Shares 43,000 Est. Cost $17.53 Unrealized —

— CITRIX SYSTEMS INC 0.4%

Value ($000) $2,193 Shares 22,000 Est. Cost $111.18 Unrealized —

APLE APPLE HOSPITALITY REIT INC 0.1%

Value ($000) $489 Shares 30,000 Est. Cost $14.27 Unrealized —

AGNC AGNC INVESTMENT CORP 0.4%

Value ($000) $2,295 Shares 127,500 Est. Cost $18.59 Unrealized —

SKT TANGER FACTORY OUTLET CENTER 0.3%

Value ($000) $1,636 Shares 78,000 Est. Cost $32.33 Unrealized —

FSP FRANKLIN STREET PROPERTIES C 0.1%

Value ($000) $324 Shares 45,000 Est. Cost $8.56 Unrealized —

UNH UNITEDHEALTH GROUP INC 1.0%

Value ($000) $5,563 Shares 22,500 Est. Cost $235.05 Unrealized -3.2%

— BOOKING HOLDINGS INC 0.6%

Value ($000) $3,315 Shares 1,900 Est. Cost $1984.21 Unrealized —

— TD AMERITRADE HOLDING CORP 0.4%

Value ($000) $2,010 Shares 40,200 Est. Cost $48.96 Unrealized —

SHO SUNSTONE HOTEL INVESTORS INC 0.1%

Value ($000) $432 Shares 30,000 Est. Cost $15.23 Unrealized —

— HEALTHCARE REALTY TRUST INC 0.1%

Value ($000) $343 Shares 10,682 Est. Cost $25.50 Unrealized —

— ALLEGHANY CORP 0.4%

Value ($000) $2,021 Shares 3,300 Est. Cost $623.33 Unrealized —

— CBL and ASSOCIATES PROPERTIES 0.0%

Value ($000) $141 Shares 91,000 Est. Cost $9.31 Unrealized —

— CYRUSONE INC 0.4%

Value ($000) $2,323 Shares 44,300 Est. Cost $49.32 Unrealized —

— SENIOR HOUSING PROP TRUST 0.3%

Value ($000) $1,756 Shares 149,100 Est. Cost $19.32 Unrealized —

— HERSHA HOSPITALITY TRUST 0.1%

Value ($000) $343 Shares 20,000 Est. Cost $21.45 Unrealized —

OMC OMNICOM GROUP 0.4%

Value ($000) $2,044 Shares 28,000 Est. Cost $57.22 Unrealized +2.2%

MAC MACERICH CO/THE 0.2%

Value ($000) $1,019 Shares 23,507 Est. Cost $60.58 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PLD	PROLOGIS INC	96,265	$6,926	1.3%	$32.36	+74.2%	COMMON STOCK	74340W103
INTU	INTUIT INC	13,500	$3,529	0.6%	$97.25	+127.3%	COMMON STOCK	461202103
SNPS	SYNOPSYS INC	26,000	$2,994	0.6%	$95.32	+4.0%	COMMON STOCK	871607107
AVB	AVALONBAY COMMUNITIES INC	29,120	$5,845	1.1%	$94.98	+58.5%	COMMON STOCK	053484101
KLAC	KLA-TENCOR CORP	23,000	$2,746	0.5%	$84.23	+16.4%	COMMON STOCK	482480100
MAS	MASCO CORP	68,200	$2,681	0.5%	$33.12	-3.7%	COMMON STOCK	574599106
SYK	STRYKER CORP	16,700	$3,299	0.6%	$154.78	+8.0%	COMMON STOCK	863667101
BIIB	BIOGEN INC	9,300	$2,198	0.4%	$230.33	+36.7%	COMMON STOCK	09062X103
HD	HOME DEPOT INC	29,700	$5,699	1.0%	$62.49	+147.6%	COMMON STOCK	437076102
CDP	CORPORATE OFFICE PROPERTIES	95,000	$2,594	0.5%	$25.84	—	COMMON STOCK	22002T108
LOW	LOWE'S COS INC	34,400	$3,766	0.7%	$56.94	+54.7%	COMMON STOCK	548661107
CSX	CSX CORP	42,800	$3,202	0.6%	$16.81	+25.6%	COMMON STOCK	126408103
BDN	BRANDYWINE REALTY TRUST	181,400	$2,877	0.5%	$13.48	—	COMMON STOCK	105368203
PAYX	PAYCHEX INC	34,400	$2,759	0.5%	$34.10	+77.3%	COMMON STOCK	704326107
TJX	TJX COMPANIES INC	60,600	$3,225	0.6%	$37.64	+20.8%	COMMON STOCK	872540109
—	CIGNA ORD	16,900	$2,718	0.5%	$186.95	—	COMMON STOCK	125509109
FAST	FASTENAL CO	40,000	$2,572	0.5%	$11.28	+12.0%	COMMON STOCK	311900104
AOS	SMITH (A.O.) CORP	44,200	$2,357	0.4%	$52.56	-16.6%	COMMON STOCK	831865209
DLR	DIGITAL REALTY TRUST INC	37,550	$4,468	0.8%	$45.32	+93.7%	COMMON STOCK	253868103
SO	SOUTHERN CO/THE	59,700	$3,085	0.6%	$27.55	+35.8%	COMMON STOCK	842587107
ARE	ALEXANDRIA REAL ESTATE EQUIT	16,900	$2,409	0.4%	$45.03	+125.6%	COMMON STOCK	015271109
MRSH	MARSH and MCLENNAN COS	32,200	$3,024	0.6%	$47.89	+65.6%	COMMON STOCK	571748102
—	CDK GLOBAL INC	40,500	$2,382	0.4%	$71.27	—	COMMON STOCK	12508E101
AMP	AMERIPRISE FINANCIAL INC	18,500	$2,370	0.4%	$107.25	+2.0%	COMMON STOCK	03076C106
CDW	CDW CORP/DE	27,000	$2,602	0.5%	$79.14	+3.8%	COMMON STOCK	12514G108
HST	HOST HOTELS and RESORTS INC	183,998	$3,478	0.6%	$10.94	+30.8%	COMMON STOCK	44107P104
CTAS	CINTAS CORP	12,000	$2,425	0.4%	$47.83	-5.2%	COMMON STOCK	172908105
BRX	BRIXMOR PROPERTY GROUP INC	111,000	$2,039	0.4%	$25.62	—	COMMON STOCK	11120U105
IEX	IDEX CORP	15,800	$2,397	0.4%	$122.75	+6.0%	COMMON STOCK	45167R104
TXN	TEXAS INSTRUMENTS INC	34,400	$3,649	0.7%	$40.51	+110.8%	COMMON STOCK	882508104
ESS	ESSEX PROPERTY TRUST INC	8,800	$2,545	0.5%	$127.99	+67.9%	COMMON STOCK	297178105
—	AMERICAN CAMPUS COMMUNITIES	60,000	$2,855	0.5%	$39.53	—	COMMON STOCK	024835100
PEG	PUBLIC SERVICE ENTERPRISE GP	49,100	$2,917	0.5%	$38.22	+15.9%	COMMON STOCK	744573106
—	TIER REIT INC	44,600	$1,278	0.2%	$18.09	—	COMMON STOCK	88650V208
EMR	EMERSON ELECTRIC CO	40,200	$2,752	0.5%	$49.23	+13.8%	COMMON STOCK	291011104
BXP	BOSTON PROPERTIES INC	16,417	$2,198	0.4%	$64.00	+44.7%	COMMON STOCK	101121101
CTSH	COGNIZANT TECH SOLUTIONS-A	37,700	$2,731	0.5%	$43.22	+46.2%	COMMON STOCK	192446102
ALL	ALLSTATE CORP	29,000	$2,731	0.5%	$55.91	+37.5%	COMMON STOCK	020002101
UDR	UDR INC	57,367	$2,608	0.5%	$20.29	+66.5%	COMMON STOCK	902653104
VTR	VENTAS INC	62,482	$3,987	0.7%	$44.48	+6.2%	COMMON STOCK	92276F100
ODFL	OLD DOMINION FREIGHT LINE	15,500	$2,238	0.4%	$42.89	+5.6%	COMMON STOCK	679580100
—	HUDSON PACIFIC PROPERTIES IN	60,500	$2,082	0.4%	$33.35	—	COMMON STOCK	444097109
PSA	PUBLIC STORAGE	21,074	$4,589	0.8%	$97.16	+61.8%	COMMON STOCK	74460D109
HIW	HIGHWOODS PROPERTIES INC	39,802	$1,862	0.3%	$36.31	—	COMMON STOCK	431284108
—	HCP INC	94,593	$2,961	0.5%	$40.87	—	COMMON STOCK	40414L109
STAG	STAG INDUSTRIAL INC	63,500	$1,883	0.3%	$19.62	—	COMMON STOCK	85254J102
—	COUSINS PROPERTIES INC	171,000	$1,652	0.3%	$10.38	—	COMMON STOCK	222795106
—	HEALTHCARE TRUST OF AME-CL A	85,000	$2,430	0.4%	$25.31	—	COMMON STOCK	42225P501
BMY	BRISTOL-MYERS SQUIBB CO	65,000	$3,101	0.6%	$44.98	-14.8%	COMMON STOCK	110122108
—	COLUMBIA PROPERTY TRUST INC	86,000	$1,936	0.4%	$22.21	—	COMMON STOCK	198287203
REG	REGENCY CENTERS CORP	30,500	$2,058	0.4%	$46.71	+2.8%	COMMON STOCK	758849103
—	PEOPLE'S UNITED FINANCIAL	124,000	$2,039	0.4%	$17.12	—	COMMON STOCK	712704105
EXPD	EXPEDITORS INTL WASH INC	31,400	$2,383	0.4%	$58.41	+13.7%	COMMON STOCK	302130109
IRM	IRON MOUNTAIN INC	77,500	$2,748	0.5%	$22.46	+8.8%	COMMON STOCK	46284V101
—	A SITE CENTER REIT	89,500	$1,219	0.2%	$17.90	—	COMMON STOCK	23317H854
KIM	KIMCO REALTY CORP	57,731	$1,068	0.2%	$12.61	-1.2%	COMMON STOCK	49446R109
—	Colony Capital Inc	343,163	$1,826	0.3%	$7.77	—	COMMON STOCK	19625W104
—	WEINGARTEN REALTY INVESTORS	45,336	$1,332	0.2%	$30.78	—	COMMON STOCK	948741103
—	SPIRIT REALTY CAPITAL INC	44,600	$1,772	0.3%	$35.25	—	COMMON STOCK	84860W300
—	UNITI GROUP INC	45,000	$504	0.1%	$16.25	—	COMMON STOCK	91325V108
VRE	MACK-CALI REALTY CORP	70,000	$1,554	0.3%	$21.91	—	COMMON STOCK	554489104
HSY	HERSHEY CO/THE	23,500	$2,699	0.5%	$73.25	+26.7%	COMMON STOCK	427866108
—	HOSPITALITY PROPERTIES TRUST	73,434	$1,932	0.4%	$27.41	—	COMMON STOCK	44106M102
—	DUKE REALTY CORP	38,024	$1,163	0.2%	$17.58	—	COMMON STOCK	264411505
AMH	AMERICAN HOMES 4 RENT- A	61,000	$1,386	0.3%	$21.50	—	COMMON STOCK	02665T306
KRC	KILROY REALTY CORP	13,000	$987	0.2%	$61.85	—	COMMON STOCK	49427F108
—	CBS CORP-CLASS B NON VOTING	44,000	$2,091	0.4%	$57.45	—	COMMON STOCK	124857202
USB	US BANCORP	66,200	$3,190	0.6%	$39.05	-3.7%	COMMON STOCK	902973304
VNO	VORNADO REALTY TRUST	27,765	$1,872	0.3%	$82.84	—	COMMON STOCK	929042109
JBHT	HUNT (JB) TRANSPRT SVCS INC	18,200	$1,843	0.3%	$111.28	-12.6%	COMMON STOCK	445658107
—	TAUBMAN CENTERS INC	16,000	$846	0.2%	$71.25	—	COMMON STOCK	876664103
AHRT	ARMADA HOFFLER PROPERTIES IN	75,000	$1,169	0.2%	$14.30	—	COMMON STOCK	04208T108
INVH	INVITATION HOMES INC	25,824	$628	0.1%	$18.66	-0.5%	COMMON STOCK	46187W107
FPI	FARMLAND PARTNERS INC	51,653	$331	0.1%	$8.34	—	COMMON STOCK	31154R109
RLJ	RLJ LODGING TRUST	79,200	$1,392	0.3%	$23.24	—	COMMON STOCK	74965L101
GNL	GLOBAL NET LEASE INC	68,408	$1,293	0.2%	$19.63	—	COMMON STOCK	379378201
ELME	WASHINGTON REIT	16,000	$454	0.1%	$32.69	—	COMMON STOCK	939653101
INN	SUMMIT HOTEL PROPERTIES INC	49,000	$559	0.1%	$14.07	—	COMMON STOCK	866082100
ILPT	INDUSTRIAL LOGISTICS PROPERT	139,415	$2,812	0.5%	$20.86	—	COMMON STOCK	456237106
ESRT	EMPIRE STATE REALTY TRUST-A	43,000	$679	0.1%	$17.53	—	COMMON STOCK	292104106
—	CITRIX SYSTEMS INC	22,000	$2,193	0.4%	$111.18	—	COMMON STOCK	177376100
APLE	APPLE HOSPITALITY REIT INC	30,000	$489	0.1%	$14.27	—	COMMON STOCK	03784Y200
AGNC	AGNC INVESTMENT CORP	127,500	$2,295	0.4%	$18.59	—	COMMON STOCK	00123Q104
SKT	TANGER FACTORY OUTLET CENTER	78,000	$1,636	0.3%	$32.33	—	COMMON STOCK	875465106
FSP	FRANKLIN STREET PROPERTIES C	45,000	$324	0.1%	$8.56	—	COMMON STOCK	35471R106
UNH	UNITEDHEALTH GROUP INC	22,500	$5,563	1.0%	$235.05	-3.2%	COMMON STOCK	91324P102
—	BOOKING HOLDINGS INC	1,900	$3,315	0.6%	$1984.21	—	COMMON STOCK	741503403
—	TD AMERITRADE HOLDING CORP	40,200	$2,010	0.4%	$48.96	—	COMMON STOCK	87236Y108
SHO	SUNSTONE HOTEL INVESTORS INC	30,000	$432	0.1%	$15.23	—	COMMON STOCK	867892101
—	HEALTHCARE REALTY TRUST INC	10,682	$343	0.1%	$25.50	—	COMMON STOCK	421946104
—	ALLEGHANY CORP	3,300	$2,021	0.4%	$623.33	—	COMMON STOCK	017175100
—	CBL and ASSOCIATES PROPERTIES	91,000	$141	0.0%	$9.31	—	COMMON STOCK	124830100
—	CYRUSONE INC	44,300	$2,323	0.4%	$49.32	—	COMMON STOCK	23283R100
—	SENIOR HOUSING PROP TRUST	149,100	$1,756	0.3%	$19.32	—	COMMON STOCK	81721M109
—	HERSHA HOSPITALITY TRUST	20,000	$343	0.1%	$21.45	—	COMMON STOCK	427825500
OMC	OMNICOM GROUP	28,000	$2,044	0.4%	$57.22	+2.2%	COMMON STOCK	681919106
MAC	MACERICH CO/THE	23,507	$1,019	0.2%	$60.58	—	COMMON STOCK	554382101