Pensionfund PDN Diversified Active

Location: SITTARD, P7

CIK: 0001297731 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: Apr 2, 2020

Total Value ($000): $445,140 (100.0% shares, 0.0% debt)

Holdings (197)

New Positions (4)

DGX QUEST DIAGNOSTICS INC 0.4%

Value ($000) $1,686 Shares 21,000 Est. Cost $92.18 Unrealized 0.0%

DHC Diversified Healthcare Trust 0.2%

Value ($000) $904 Shares 249,100 Est. Cost $3.63 Unrealized —

EPRT ESSENTIAL PROPERTIES REALTY 0.1%

Value ($000) $575 Shares 44,000 Est. Cost $13.07 Unrealized —

IIPR INNOVATIVE INDUSTRIAL PROPER 0.1%

Value ($000) $266 Shares 3,500 Est. Cost $76.00 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DGX	QUEST DIAGNOSTICS INC	21,000	$1,686	0.4%	$92.18	0.0%	COMMON STOCK	74834L100
DHC	Diversified Healthcare Trust	249,100	$904	0.2%	$3.63	—	COMMON STOCK	25525P107
EPRT	ESSENTIAL PROPERTIES REALTY	44,000	$575	0.1%	$13.07	—	COMMON STOCK	29670E107
IIPR	INNOVATIVE INDUSTRIAL PROPER	3,500	$266	0.1%	$76.00	—	COMMON STOCK	45781V101

Increased Positions (20)

VTR VENTAS INC 0.9%

Value ($000) $3,921 (-47.8%) Shares 146,282 (+12.5%) Est. Cost $45.99 Unrealized -14.3%

PLD PROLOGIS INC 2.3%

Value ($000) $10,400 (+21.2%) Shares 129,404 (+34.4%) Est. Cost $43.05 Unrealized +72.1%

EPR EPR PROPERTIES 0.3%

Value ($000) $1,194 (-57.0%) Shares 49,300 (+25.4%) Est. Cost $50.97 Unrealized —

WELL WELLTOWER INC 0.9%

Value ($000) $3,843 (-21.6%) Shares 83,953 (+40.0%) Est. Cost $49.30 Unrealized +25.4%

— STORE CAPITAL CORP 0.4%

Value ($000) $1,631 (-38.3%) Shares 90,000 (+26.8%) Est. Cost $30.00 Unrealized —

— AMERICAN CAMPUS COMMUNITIES 0.4%

Value ($000) $1,915 (-32.1%) Shares 69,000 (+15.0%) Est. Cost $38.00 Unrealized —

— Colony Capital Inc 0.2%

Value ($000) $723 (-55.6%) Shares 413,163 (+20.4%) Est. Cost $6.75 Unrealized —

— SPIRIT REALTY CAPITAL INC 0.4%

Value ($000) $1,768 (-30.3%) Shares 67,600 (+31.0%) Est. Cost $34.54 Unrealized —

— APARTMENT INVT and MGMT CO -A 0.5%

Value ($000) $2,022 (-24.0%) Shares 57,525 (+11.6%) Est. Cost $48.71 Unrealized —

OHI OMEGA HEALTHCARE INVESTORS 0.5%

Value ($000) $2,442 (-15.2%) Shares 92,000 (+35.3%) Est. Cost $35.31 Unrealized —

NHI NATL HEALTH INVESTORS INC 0.3%

Value ($000) $1,362 (-24.0%) Shares 27,500 (+25.0%) Est. Cost $70.30 Unrealized —

WPC WP CAREY INC 0.4%

Value ($000) $1,760 (+29.3%) Shares 30,300 (+78.2%) Est. Cost $70.41 Unrealized —

GNL GLOBAL NET LEASE INC 0.3%

Value ($000) $1,316 (-22.2%) Shares 98,408 (+18.0%) Est. Cost $18.77 Unrealized —

— DUKE REALTY CORP 0.4%

Value ($000) $1,685 (+27.8%) Shares 52,024 (+36.8%) Est. Cost $21.57 Unrealized —

MPT MEDICAL PROPERTIES TRUST INC 0.6%

Value ($000) $2,663 (-10.5%) Shares 154,000 (+9.2%) Est. Cost $14.72 Unrealized —

EQR EQUITY RESIDENTIAL 0.9%

Value ($000) $4,064 (-6.2%) Shares 65,856 (+23.0%) Est. Cost $41.23 Unrealized +48.8%

DEI DOUGLAS EMMETT INC 0.1%

Value ($000) $641 (+46.0%) Shares 21,000 (+110.0%) Est. Cost $36.89 Unrealized —

— PREFERRED APARTMENT COMMUN-A 0.2%

Value ($000) $862 (-7.5%) Shares 120,000 (+71.4%) Est. Cost $12.55 Unrealized —

INVH INVITATION HOMES INC 0.2%

Value ($000) $830 (+7.2%) Shares 38,824 (+50.3%) Est. Cost $20.40 Unrealized +16.9%

ESS ESSEX PROPERTY TRUST INC 0.6%

Value ($000) $2,621 (-1.0%) Shares 11,900 (+35.2%) Est. Cost $155.15 Unrealized +49.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VTR	VENTAS INC	146,282 (+12.5%)	$3,921 (-47.8%)	0.9%	$45.99	-14.3%	COMMON STOCK	92276F100
PLD	PROLOGIS INC	129,404 (+34.4%)	$10,400 (+21.2%)	2.3%	$43.05	+72.1%	COMMON STOCK	74340W103
EPR	EPR PROPERTIES	49,300 (+25.4%)	$1,194 (-57.0%)	0.3%	$50.97	—	COMMON STOCK	26884U109
WELL	WELLTOWER INC	83,953 (+40.0%)	$3,843 (-21.6%)	0.9%	$49.30	+25.4%	COMMON STOCK	95040Q104
—	STORE CAPITAL CORP	90,000 (+26.8%)	$1,631 (-38.3%)	0.4%	$30.00	—	COMMON STOCK	862121100
—	AMERICAN CAMPUS COMMUNITIES	69,000 (+15.0%)	$1,915 (-32.1%)	0.4%	$38.00	—	COMMON STOCK	024835100
—	Colony Capital Inc	413,163 (+20.4%)	$723 (-55.6%)	0.2%	$6.75	—	COMMON STOCK	19625W104
—	SPIRIT REALTY CAPITAL INC	67,600 (+31.0%)	$1,768 (-30.3%)	0.4%	$34.54	—	COMMON STOCK	84860W300
—	APARTMENT INVT and MGMT CO -A	57,525 (+11.6%)	$2,022 (-24.0%)	0.5%	$48.71	—	COMMON STOCK	03748R754
OHI	OMEGA HEALTHCARE INVESTORS	92,000 (+35.3%)	$2,442 (-15.2%)	0.5%	$35.31	—	COMMON STOCK	681936100
NHI	NATL HEALTH INVESTORS INC	27,500 (+25.0%)	$1,362 (-24.0%)	0.3%	$70.30	—	COMMON STOCK	63633D104
WPC	WP CAREY INC	30,300 (+78.2%)	$1,760 (+29.3%)	0.4%	$70.41	—	COMMON STOCK	92936U109
GNL	GLOBAL NET LEASE INC	98,408 (+18.0%)	$1,316 (-22.2%)	0.3%	$18.77	—	COMMON STOCK	379378201
—	DUKE REALTY CORP	52,024 (+36.8%)	$1,685 (+27.8%)	0.4%	$21.57	—	COMMON STOCK	264411505
MPT	MEDICAL PROPERTIES TRUST INC	154,000 (+9.2%)	$2,663 (-10.5%)	0.6%	$14.72	—	COMMON STOCK	58463J304
EQR	EQUITY RESIDENTIAL	65,856 (+23.0%)	$4,064 (-6.2%)	0.9%	$41.23	+48.8%	COMMON STOCK	29476L107
DEI	DOUGLAS EMMETT INC	21,000 (+110.0%)	$641 (+46.0%)	0.1%	$36.89	—	COMMON STOCK	25960P109
—	PREFERRED APARTMENT COMMUN-A	120,000 (+71.4%)	$862 (-7.5%)	0.2%	$12.55	—	COMMON STOCK	74039L103
INVH	INVITATION HOMES INC	38,824 (+50.3%)	$830 (+7.2%)	0.2%	$20.40	+16.9%	COMMON STOCK	46187W107
ESS	ESSEX PROPERTY TRUST INC	11,900 (+35.2%)	$2,621 (-1.0%)	0.6%	$155.15	+49.7%	COMMON STOCK	297178105

Exited Positions (8)

— LIBERTY PROPERTY TRUST 0.8%

Value ($000) $3,369 Shares 56,096 Est. Cost $37.54 Unrealized —

HLT HILTON WORLDWIDE HOLDINGS IN 0.7%

Value ($000) $2,995 Shares 27,000 Est. Cost $89.15 Unrealized +7.8%

— SENIOR HOUSING PROP TRUST 0.4%

Value ($000) $1,680 Shares 199,100 Est. Cost $16.55 Unrealized —

— TAUBMAN CENTERS INC 0.1%

Value ($000) $497 Shares 16,000 Est. Cost $71.25 Unrealized —

DRH DIAMONDROCK HOSPITALITY CO 0.1%

Value ($000) $421 Shares 38,000 Est. Cost $9.10 Unrealized —

FSP FRANKLIN STREET PROPERTIES C 0.1%

Value ($000) $385 Shares 45,000 Est. Cost $8.56 Unrealized —

— UNITI GROUP INC 0.1%

Value ($000) $369 Shares 45,000 Est. Cost $16.25 Unrealized —

RMR RMR GROUP INC/THE - A 0.0%

Value ($000) $70 Shares 1,531 Est. Cost $7.12 Unrealized +206.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	LIBERTY PROPERTY TRUST	56,096	$3,369	0.8%	$37.54	—	—	531172104
HLT	HILTON WORLDWIDE HOLDINGS IN	27,000	$2,995	0.7%	$89.15	+7.8%	—	43300A203
—	SENIOR HOUSING PROP TRUST	199,100	$1,680	0.4%	$16.55	—	—	81721M109
—	TAUBMAN CENTERS INC	16,000	$497	0.1%	$71.25	—	—	876664103
DRH	DIAMONDROCK HOSPITALITY CO	38,000	$421	0.1%	$9.10	—	—	252784301
FSP	FRANKLIN STREET PROPERTIES C	45,000	$385	0.1%	$8.56	—	—	35471R106
—	UNITI GROUP INC	45,000	$369	0.1%	$16.25	—	—	91325V108
RMR	RMR GROUP INC/THE - A	1,531	$70	0.0%	$7.12	+206.1%	—	74967R106

Decreased Positions (66)

SPG SIMON PROPERTY GROUP INC 0.9%

Value ($000) $4,137 (-66.3%) Shares 75,408 (-8.5%) Est. Cost $96.12 Unrealized -10.4%

AAPL APPLE INC 2.6%

Value ($000) $11,755 (-25.9%) Shares 46,225 (-14.4%) Est. Cost $24.56 Unrealized +189.4%

META FACEBOOK INC-A 1.8%

Value ($000) $8,173 (-26.3%) Shares 49,000 (-9.3%) Est. Cost $192.35 Unrealized +1.1%

— INGERSOLL-RAND INC 0.1%

Value ($000) $460 (-84.3%) Shares 18,530 (-15.8%) Est. Cost $77.16 Unrealized —

MSFT MICROSOFT CORP 2.7%

Value ($000) $12,100 (-15.9%) Shares 76,725 (-15.9%) Est. Cost $33.54 Unrealized +366.2%

MA MASTERCARD INC - A 1.2%

Value ($000) $5,194 (-29.0%) Shares 21,500 (-12.2%) Est. Cost $89.14 Unrealized +222.9%

SYY SYSCO CORP 0.4%

Value ($000) $1,702 (-50.6%) Shares 37,300 (-7.4%) Est. Cost $55.45 Unrealized +6.1%

HST HOST HOTELS and RESORTS INC 0.4%

Value ($000) $1,755 (-48.6%) Shares 158,998 (-13.6%) Est. Cost $10.94 Unrealized +12.2%

V VISA INC-CLASS A SHARES 1.4%

Value ($000) $6,187 (-20.5%) Shares 38,400 (-7.2%) Est. Cost $70.84 Unrealized +155.1%

LOW LOWE'S COS INC 0.6%

Value ($000) $2,616 (-36.5%) Shares 30,400 (-11.6%) Est. Cost $56.94 Unrealized +72.6%

HD HOME DEPOT INC 1.1%

Value ($000) $4,985 (-23.1%) Shares 26,700 (-10.1%) Est. Cost $62.49 Unrealized +204.3%

— SERVICE PROPERTIES TRUST 0.1%

Value ($000) $299 (-83.3%) Shares 55,434 (-24.5%) Est. Cost $27.41 Unrealized —

SBUX STARBUCKS CORP 0.7%

Value ($000) $3,037 (-32.5%) Shares 46,200 (-9.8%) Est. Cost $33.68 Unrealized +110.8%

ORLY O'REILLY AUTOMOTIVE INC 0.4%

Value ($000) $1,927 (-40.6%) Shares 6,400 (-13.5%) Est. Cost $16.91 Unrealized +51.1%

PPG PPG INDUSTRIES INC 0.4%

Value ($000) $1,856 (-41.3%) Shares 22,200 (-6.3%) Est. Cost $91.06 Unrealized +8.7%

AMGN AMGEN INC 0.9%

Value ($000) $4,095 (-23.5%) Shares 20,200 (-9.0%) Est. Cost $156.54 Unrealized +16.4%

MRSH MARSH and MCLENNAN COS 0.5%

Value ($000) $2,352 (-34.4%) Shares 27,200 (-15.5%) Est. Cost $47.89 Unrealized +103.3%

BBY BEST BUY CO INC 0.4%

Value ($000) $1,636 (-43.0%) Shares 28,700 (-12.2%) Est. Cost $40.74 Unrealized +53.3%

CTAS CINTAS CORP 0.4%

Value ($000) $1,663 (-41.7%) Shares 9,600 (-9.4%) Est. Cost $47.83 Unrealized +29.1%

MRK MERCK and CO. INC. 1.2%

Value ($000) $5,309 (-17.8%) Shares 69,000 (-2.8%) Est. Cost $62.14 Unrealized +4.8%

SEIC SEI INVESTMENTS COMPANY 0.4%

Value ($000) $1,752 (-38.9%) Shares 37,800 (-13.7%) Est. Cost $46.08 Unrealized +19.3%

CDW CDW CORP/DE 0.4%

Value ($000) $1,828 (-37.9%) Shares 19,600 (-4.9%) Est. Cost $79.14 Unrealized +44.0%

— LAM RESEARCH CORP 0.5%

Value ($000) $2,400 (-31.6%) Shares 10,000 (-16.7%) Est. Cost $292.42 Unrealized —

GL GLOBE LIFE INC 0.4%

Value ($000) $1,670 (-39.4%) Shares 23,200 (-11.5%) Est. Cost $94.69 Unrealized -5.3%

BMY BRISTOL-MYERS SQUIBB CO 0.9%

Value ($000) $4,181 (-20.6%) Shares 75,000 (-8.5%) Est. Cost $45.02 Unrealized +7.9%

SHW SHERWIN-WILLIAMS CO/THE 0.5%

Value ($000) $2,367 (-30.7%) Shares 5,150 (-12.0%) Est. Cost $140.92 Unrealized +21.5%

TJX TJX COMPANIES INC 0.6%

Value ($000) $2,658 (-28.2%) Shares 55,600 (-8.3%) Est. Cost $37.64 Unrealized +41.7%

ITW ILLINOIS TOOL WORKS 0.6%

Value ($000) $2,572 (-28.8%) Shares 18,100 (-10.0%) Est. Cost $68.35 Unrealized +115.9%

AVY AVERY DENNISON CORP 0.4%

Value ($000) $1,813 (-36.4%) Shares 17,800 (-18.3%) Est. Cost $61.60 Unrealized +79.9%

ALL ALLSTATE CORP 0.5%

Value ($000) $2,247 (-31.1%) Shares 24,500 (-15.5%) Est. Cost $55.91 Unrealized +68.6%

WU WESTERN UNION CO 0.4%

Value ($000) $1,595 (-38.6%) Shares 88,000 (-9.3%) Est. Cost $19.89 Unrealized —

ABBV ABBVIE INC 0.9%

Value ($000) $3,969 (-20.1%) Shares 52,100 (-7.1%) Est. Cost $59.38 Unrealized +13.2%

ROST ROSS STORES INC 0.5%

Value ($000) $2,244 (-30.7%) Shares 25,800 (-7.2%) Est. Cost $38.23 Unrealized +163.5%

ADP AUTOMATIC DATA PROCESSING 0.6%

Value ($000) $2,775 (-25.3%) Shares 20,300 (-6.9%) Est. Cost $107.77 Unrealized +31.7%

MCD MCDONALD'S CORP 0.9%

Value ($000) $3,803 (-19.8%) Shares 23,000 (-4.2%) Est. Cost $150.38 Unrealized +14.3%

VZ VERIZON COMMUNICATIONS INC 1.3%

Value ($000) $5,695 (-14.1%) Shares 106,000 (-1.9%) Est. Cost $38.65 Unrealized +6.1%

MAS MASCO CORP 0.4%

Value ($000) $1,770 (-34.4%) Shares 51,200 (-8.9%) Est. Cost $33.12 Unrealized +19.4%

BR BROADRIDGE FINANCIAL SOLUTIO 0.4%

Value ($000) $1,792 (-33.8%) Shares 18,900 (-13.7%) Est. Cost $67.28 Unrealized +53.4%

PEP PEPSICO INC 1.0%

Value ($000) $4,624 (-16.5%) Shares 38,500 (-4.9%) Est. Cost $81.72 Unrealized +38.0%

— COLUMBIA PROPERTY TRUST INC 0.2%

Value ($000) $888 (-50.6%) Shares 71,000 (-17.4%) Est. Cost $22.21 Unrealized —

WM WASTE MANAGEMENT INC 0.5%

Value ($000) $2,379 (-27.3%) Shares 25,700 (-10.5%) Est. Cost $72.68 Unrealized +43.3%

— BLACKROCK INC 0.6%

Value ($000) $2,684 (-24.8%) Shares 6,100 (-14.1%) Est. Cost $502.68 Unrealized —

ZTS ZOETIS INC 0.6%

Value ($000) $2,848 (-23.7%) Shares 24,200 (-14.2%) Est. Cost $74.07 Unrealized +69.2%

SPGI SandP GLOBAL INC 0.6%

Value ($000) $2,769 (-23.8%) Shares 11,300 (-15.0%) Est. Cost $96.34 Unrealized +171.1%

HUM HUMANA INC 0.6%

Value ($000) $2,858 (-22.8%) Shares 9,100 (-9.9%) Est. Cost $270.84 Unrealized +18.1%

FISV FISERV INC 0.6%

Value ($000) $2,660 (-23.3%) Shares 28,000 (-6.7%) Est. Cost $110.41 Unrealized +0.6%

VRE MACK-CALI REALTY CORP 0.2%

Value ($000) $822 (-49.2%) Shares 54,000 (-22.9%) Est. Cost $21.91 Unrealized —

MSI MOTOROLA SOLUTIONS INC 0.5%

Value ($000) $2,020 (-27.1%) Shares 15,200 (-11.6%) Est. Cost $99.23 Unrealized +56.5%

UMH UMH PROPERTIES INC 0.2%

Value ($000) $799 (-48.5%) Shares 73,553 (-25.4%) Est. Cost $14.84 Unrealized —

MTD METTLER-TOLEDO INTERNATIONAL 0.5%

Value ($000) $2,141 (-25.0%) Shares 3,100 (-13.9%) Est. Cost $316.01 Unrealized +136.1%

DG DOLLAR GENERAL CORP 0.6%

Value ($000) $2,718 (-20.8%) Shares 18,000 (-18.2%) Est. Cost $77.43 Unrealized +83.8%

IEX IDEX CORP 0.5%

Value ($000) $2,044 (-24.8%) Shares 14,800 (-6.3%) Est. Cost $122.75 Unrealized +19.1%

FE FIRSTENERGY CORP 0.5%

Value ($000) $2,244 (-23.0%) Shares 56,000 (-6.7%) Est. Cost $30.02 Unrealized +21.0%

INTU INTUIT INC 0.6%

Value ($000) $2,697 (-19.1%) Shares 11,725 (-7.9%) Est. Cost $97.25 Unrealized +168.3%

KMB KIMBERLY-CLARK CORP 0.6%

Value ($000) $2,813 (-18.2%) Shares 22,000 (-12.0%) Est. Cost $96.22 Unrealized +16.5%

HPQ HP INC 0.5%

Value ($000) $2,292 (-20.3%) Shares 132,000 (-5.7%) Est. Cost $15.31 Unrealized +7.7%

— CITRIX SYSTEMS INC 0.7%

Value ($000) $2,973 (+21.8%) Shares 21,000 (-4.5%) Est. Cost $111.18 Unrealized —

HSY HERSHEY CO/THE 0.5%

Value ($000) $2,425 (-16.7%) Shares 18,300 (-7.6%) Est. Cost $73.25 Unrealized +75.4%

ELME WASHINGTON REIT 0.2%

Value ($000) $835 (-36.4%) Shares 35,000 (-22.2%) Est. Cost $30.43 Unrealized —

AHRT ARMADA HOFFLER PROPERTIES IN 0.0%

Value ($000) $168 (-72.8%) Shares 15,700 (-53.4%) Est. Cost $14.30 Unrealized —

MNST MONSTER BEVERAGE CORP 0.5%

Value ($000) $2,335 (-15.5%) Shares 41,500 (-4.6%) Est. Cost $30.05 Unrealized +6.9%

DLR DIGITAL REALTY TRUST INC 1.1%

Value ($000) $4,910 (+9.2%) Shares 35,350 (-5.9%) Est. Cost $45.32 Unrealized +128.8%

— QTS REALTY TRUST INC-CL A 0.1%

Value ($000) $435 (-40.7%) Shares 7,500 (-44.4%) Est. Cost $44.52 Unrealized —

BAX BAXTER INTERNATIONAL INC 0.6%

Value ($000) $2,760 (-8.3%) Shares 34,000 (-5.6%) Est. Cost $68.49 Unrealized +12.1%

LLY ELI LILLY and CO 0.9%

Value ($000) $4,162 (-1.0%) Shares 30,000 (-6.3%) Est. Cost $108.01 Unrealized +18.7%

MSCI MSCI INC 0.6%

Value ($000) $2,745 (+1.3%) Shares 9,500 (-9.5%) Est. Cost $209.74 Unrealized +27.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPG	SIMON PROPERTY GROUP INC	75,408 (-8.5%)	$4,137 (-66.3%)	0.9%	$96.12	-10.4%	COMMON STOCK	828806109
AAPL	APPLE INC	46,225 (-14.4%)	$11,755 (-25.9%)	2.6%	$24.56	+189.4%	COMMON STOCK	037833100
META	FACEBOOK INC-A	49,000 (-9.3%)	$8,173 (-26.3%)	1.8%	$192.35	+1.1%	COMMON STOCK	30303M102
—	INGERSOLL-RAND INC	18,530 (-15.8%)	$460 (-84.3%)	0.1%	$77.16	—	COMMON STOCK	000000000
MSFT	MICROSOFT CORP	76,725 (-15.9%)	$12,100 (-15.9%)	2.7%	$33.54	+366.2%	COMMON STOCK	594918104
MA	MASTERCARD INC - A	21,500 (-12.2%)	$5,194 (-29.0%)	1.2%	$89.14	+222.9%	COMMON STOCK	57636Q104
SYY	SYSCO CORP	37,300 (-7.4%)	$1,702 (-50.6%)	0.4%	$55.45	+6.1%	COMMON STOCK	871829107
HST	HOST HOTELS and RESORTS INC	158,998 (-13.6%)	$1,755 (-48.6%)	0.4%	$10.94	+12.2%	COMMON STOCK	44107P104
V	VISA INC-CLASS A SHARES	38,400 (-7.2%)	$6,187 (-20.5%)	1.4%	$70.84	+155.1%	COMMON STOCK	92826C839
LOW	LOWE'S COS INC	30,400 (-11.6%)	$2,616 (-36.5%)	0.6%	$56.94	+72.6%	COMMON STOCK	548661107
HD	HOME DEPOT INC	26,700 (-10.1%)	$4,985 (-23.1%)	1.1%	$62.49	+204.3%	COMMON STOCK	437076102
—	SERVICE PROPERTIES TRUST	55,434 (-24.5%)	$299 (-83.3%)	0.1%	$27.41	—	COMMON STOCK	44106M102
SBUX	STARBUCKS CORP	46,200 (-9.8%)	$3,037 (-32.5%)	0.7%	$33.68	+110.8%	COMMON STOCK	855244109
ORLY	O'REILLY AUTOMOTIVE INC	6,400 (-13.5%)	$1,927 (-40.6%)	0.4%	$16.91	+51.1%	COMMON STOCK	67103H107
PPG	PPG INDUSTRIES INC	22,200 (-6.3%)	$1,856 (-41.3%)	0.4%	$91.06	+8.7%	COMMON STOCK	693506107
AMGN	AMGEN INC	20,200 (-9.0%)	$4,095 (-23.5%)	0.9%	$156.54	+16.4%	COMMON STOCK	031162100
MRSH	MARSH and MCLENNAN COS	27,200 (-15.5%)	$2,352 (-34.4%)	0.5%	$47.89	+103.3%	COMMON STOCK	571748102
BBY	BEST BUY CO INC	28,700 (-12.2%)	$1,636 (-43.0%)	0.4%	$40.74	+53.3%	COMMON STOCK	086516101
CTAS	CINTAS CORP	9,600 (-9.4%)	$1,663 (-41.7%)	0.4%	$47.83	+29.1%	COMMON STOCK	172908105
MRK	MERCK and CO. INC.	69,000 (-2.8%)	$5,309 (-17.8%)	1.2%	$62.14	+4.8%	COMMON STOCK	58933Y105
SEIC	SEI INVESTMENTS COMPANY	37,800 (-13.7%)	$1,752 (-38.9%)	0.4%	$46.08	+19.3%	COMMON STOCK	784117103
CDW	CDW CORP/DE	19,600 (-4.9%)	$1,828 (-37.9%)	0.4%	$79.14	+44.0%	COMMON STOCK	12514G108
—	LAM RESEARCH CORP	10,000 (-16.7%)	$2,400 (-31.6%)	0.5%	$292.42	—	COMMON STOCK	512807108
GL	GLOBE LIFE INC	23,200 (-11.5%)	$1,670 (-39.4%)	0.4%	$94.69	-5.3%	COMMON STOCK	37959E102
BMY	BRISTOL-MYERS SQUIBB CO	75,000 (-8.5%)	$4,181 (-20.6%)	0.9%	$45.02	+7.9%	COMMON STOCK	110122108
SHW	SHERWIN-WILLIAMS CO/THE	5,150 (-12.0%)	$2,367 (-30.7%)	0.5%	$140.92	+21.5%	COMMON STOCK	824348106
TJX	TJX COMPANIES INC	55,600 (-8.3%)	$2,658 (-28.2%)	0.6%	$37.64	+41.7%	COMMON STOCK	872540109
ITW	ILLINOIS TOOL WORKS	18,100 (-10.0%)	$2,572 (-28.8%)	0.6%	$68.35	+115.9%	COMMON STOCK	452308109
AVY	AVERY DENNISON CORP	17,800 (-18.3%)	$1,813 (-36.4%)	0.4%	$61.60	+79.9%	COMMON STOCK	053611109
ALL	ALLSTATE CORP	24,500 (-15.5%)	$2,247 (-31.1%)	0.5%	$55.91	+68.6%	COMMON STOCK	020002101
WU	WESTERN UNION CO	88,000 (-9.3%)	$1,595 (-38.6%)	0.4%	$19.89	—	COMMON STOCK	959802109
ABBV	ABBVIE INC	52,100 (-7.1%)	$3,969 (-20.1%)	0.9%	$59.38	+13.2%	COMMON STOCK	00287Y109
ROST	ROSS STORES INC	25,800 (-7.2%)	$2,244 (-30.7%)	0.5%	$38.23	+163.5%	COMMON STOCK	778296103
ADP	AUTOMATIC DATA PROCESSING	20,300 (-6.9%)	$2,775 (-25.3%)	0.6%	$107.77	+31.7%	COMMON STOCK	053015103
MCD	MCDONALD'S CORP	23,000 (-4.2%)	$3,803 (-19.8%)	0.9%	$150.38	+14.3%	COMMON STOCK	580135101
VZ	VERIZON COMMUNICATIONS INC	106,000 (-1.9%)	$5,695 (-14.1%)	1.3%	$38.65	+6.1%	COMMON STOCK	92343V104
MAS	MASCO CORP	51,200 (-8.9%)	$1,770 (-34.4%)	0.4%	$33.12	+19.4%	COMMON STOCK	574599106
BR	BROADRIDGE FINANCIAL SOLUTIO	18,900 (-13.7%)	$1,792 (-33.8%)	0.4%	$67.28	+53.4%	COMMON STOCK	11133T103
PEP	PEPSICO INC	38,500 (-4.9%)	$4,624 (-16.5%)	1.0%	$81.72	+38.0%	COMMON STOCK	713448108
—	COLUMBIA PROPERTY TRUST INC	71,000 (-17.4%)	$888 (-50.6%)	0.2%	$22.21	—	COMMON STOCK	198287203
WM	WASTE MANAGEMENT INC	25,700 (-10.5%)	$2,379 (-27.3%)	0.5%	$72.68	+43.3%	COMMON STOCK	94106L109
—	BLACKROCK INC	6,100 (-14.1%)	$2,684 (-24.8%)	0.6%	$502.68	—	COMMON STOCK	09247X101
ZTS	ZOETIS INC	24,200 (-14.2%)	$2,848 (-23.7%)	0.6%	$74.07	+69.2%	COMMON STOCK	98978V103
SPGI	SandP GLOBAL INC	11,300 (-15.0%)	$2,769 (-23.8%)	0.6%	$96.34	+171.1%	COMMON STOCK	78409V104
HUM	HUMANA INC	9,100 (-9.9%)	$2,858 (-22.8%)	0.6%	$270.84	+18.1%	COMMON STOCK	444859102
FISV	FISERV INC	28,000 (-6.7%)	$2,660 (-23.3%)	0.6%	$110.41	+0.6%	COMMON STOCK	337738108
VRE	MACK-CALI REALTY CORP	54,000 (-22.9%)	$822 (-49.2%)	0.2%	$21.91	—	COMMON STOCK	554489104
MSI	MOTOROLA SOLUTIONS INC	15,200 (-11.6%)	$2,020 (-27.1%)	0.5%	$99.23	+56.5%	COMMON STOCK	620076307
UMH	UMH PROPERTIES INC	73,553 (-25.4%)	$799 (-48.5%)	0.2%	$14.84	—	COMMON STOCK	903002103
MTD	METTLER-TOLEDO INTERNATIONAL	3,100 (-13.9%)	$2,141 (-25.0%)	0.5%	$316.01	+136.1%	COMMON STOCK	592688105
DG	DOLLAR GENERAL CORP	18,000 (-18.2%)	$2,718 (-20.8%)	0.6%	$77.43	+83.8%	COMMON STOCK	256677105
IEX	IDEX CORP	14,800 (-6.3%)	$2,044 (-24.8%)	0.5%	$122.75	+19.1%	COMMON STOCK	45167R104
FE	FIRSTENERGY CORP	56,000 (-6.7%)	$2,244 (-23.0%)	0.5%	$30.02	+21.0%	COMMON STOCK	337932107
INTU	INTUIT INC	11,725 (-7.9%)	$2,697 (-19.1%)	0.6%	$97.25	+168.3%	COMMON STOCK	461202103
KMB	KIMBERLY-CLARK CORP	22,000 (-12.0%)	$2,813 (-18.2%)	0.6%	$96.22	+16.5%	COMMON STOCK	494368103
HPQ	HP INC	132,000 (-5.7%)	$2,292 (-20.3%)	0.5%	$15.31	+7.7%	COMMON STOCK	40434L105
—	CITRIX SYSTEMS INC	21,000 (-4.5%)	$2,973 (+21.8%)	0.7%	$111.18	—	COMMON STOCK	177376100
HSY	HERSHEY CO/THE	18,300 (-7.6%)	$2,425 (-16.7%)	0.5%	$73.25	+75.4%	COMMON STOCK	427866108
ELME	WASHINGTON REIT	35,000 (-22.2%)	$835 (-36.4%)	0.2%	$30.43	—	COMMON STOCK	939653101
AHRT	ARMADA HOFFLER PROPERTIES IN	15,700 (-53.4%)	$168 (-72.8%)	0.0%	$14.30	—	COMMON STOCK	04208T108
MNST	MONSTER BEVERAGE CORP	41,500 (-4.6%)	$2,335 (-15.5%)	0.5%	$30.05	+6.9%	COMMON STOCK	61174X109
DLR	DIGITAL REALTY TRUST INC	35,350 (-5.9%)	$4,910 (+9.2%)	1.1%	$45.32	+128.8%	COMMON STOCK	253868103
—	QTS REALTY TRUST INC-CL A	7,500 (-44.4%)	$435 (-40.7%)	0.1%	$44.52	—	COMMON STOCK	74736A103
BAX	BAXTER INTERNATIONAL INC	34,000 (-5.6%)	$2,760 (-8.3%)	0.6%	$68.49	+12.1%	COMMON STOCK	071813109
LLY	ELI LILLY and CO	30,000 (-6.3%)	$4,162 (-1.0%)	0.9%	$108.01	+18.7%	COMMON STOCK	532457108
MSCI	MSCI INC	9,500 (-9.5%)	$2,745 (+1.3%)	0.6%	$209.74	+27.3%	COMMON STOCK	55354G100

Unchanged Positions (107)

XOM EXXON MOBIL CORP 0.9%

Value ($000) $3,843 Shares 101,200 Est. Cost $55.94 Unrealized -24.8%

— VEREIT INC 0.7%

Value ($000) $3,096 Shares 633,000 Est. Cost $8.88 Unrealized —

— SL GREEN REALTY CORP 0.5%

Value ($000) $2,117 Shares 49,123 Est. Cost $90.12 Unrealized —

VNO VORNADO REALTY TRUST 0.5%

Value ($000) $2,363 Shares 65,265 Est. Cost $72.24 Unrealized —

T ATandT INC 1.2%

Value ($000) $5,247 Shares 180,000 Est. Cost $18.86 Unrealized -3.7%

USB US BANCORP 0.5%

Value ($000) $2,281 Shares 66,200 Est. Cost $39.05 Unrealized -4.7%

AVB AVALONBAY COMMUNITIES INC 0.8%

Value ($000) $3,373 Shares 22,920 Est. Cost $94.98 Unrealized +72.0%

— BOOKING HOLDINGS INC 0.6%

Value ($000) $2,556 Shares 1,900 Est. Cost $1984.21 Unrealized —

BRX BRIXMOR PROPERTY GROUP INC 0.2%

Value ($000) $1,055 Shares 111,000 Est. Cost $25.62 Unrealized —

SBRA SABRA HEALTH CARE REIT INC 0.3%

Value ($000) $1,267 Shares 116,030 Est. Cost $22.67 Unrealized —

RGA REINSURANCE GROUP OF AMERICA 0.3%

Value ($000) $1,262 Shares 15,000 Est. Cost $143.96 Unrealized -9.4%

GLPI GAMING AND LEISURE PROPERTIE 0.5%

Value ($000) $2,078 Shares 75,000 Est. Cost $31.62 Unrealized —

EMR EMERSON ELECTRIC CO 0.4%

Value ($000) $1,916 Shares 40,200 Est. Cost $49.23 Unrealized +17.3%

CE CELANESE CORP-SERIES A 0.4%

Value ($000) $1,688 Shares 23,000 Est. Cost $91.40 Unrealized -3.1%

DOC HCP INC 0.6%

Value ($000) $2,542 Shares 106,593 Est. Cost $25.47 Unrealized -6.1%

DRI DARDEN RESTAURANTS INC 0.3%

Value ($000) $1,127 Shares 20,700 Est. Cost $88.06 Unrealized -6.0%

HIG HARTFORD FINANCIAL SVCS GRP 0.3%

Value ($000) $1,551 Shares 44,000 Est. Cost $45.59 Unrealized +0.2%

CNP CENTERPOINT ENERGY INC 0.3%

Value ($000) $1,452 Shares 94,000 Est. Cost $24.41 Unrealized -19.7%

— ANNALY CAPITAL MANAGEMENT IN 0.3%

Value ($000) $1,268 Shares 250,000 Est. Cost $9.13 Unrealized —

UNH UNITEDHEALTH GROUP INC 1.4%

Value ($000) $6,060 Shares 24,300 Est. Cost $233.60 Unrealized +6.9%

AMP AMERIPRISE FINANCIAL INC 0.4%

Value ($000) $1,701 Shares 16,600 Est. Cost $107.25 Unrealized +24.9%

AFL AFLAC INC 0.4%

Value ($000) $1,948 Shares 56,900 Est. Cost $27.96 Unrealized +41.9%

MAN MANPOWERGROUP INC 0.3%

Value ($000) $1,272 Shares 24,000 Est. Cost $91.10 Unrealized -8.6%

CUZ COUSINS PROPERTIES INC 0.6%

Value ($000) $2,517 Shares 85,977 Est. Cost $36.17 Unrealized —

CSCO CISCO SYSTEMS INC 1.0%

Value ($000) $4,619 Shares 117,500 Est. Cost $36.19 Unrealized +1.3%

PFE PFIZER INC 1.1%

Value ($000) $4,922 Shares 150,800 Est. Cost $21.30 Unrealized +21.3%

TGT TARGET CORP 0.6%

Value ($000) $2,575 Shares 27,700 Est. Cost $67.73 Unrealized +40.2%

TXN TEXAS INSTRUMENTS INC 0.8%

Value ($000) $3,438 Shares 34,400 Est. Cost $40.51 Unrealized +150.9%

RHI ROBERT HALF INTL INC 0.3%

Value ($000) $1,442 Shares 38,200 Est. Cost $55.14 Unrealized -1.8%

BDN BRANDYWINE REALTY TRUST 0.4%

Value ($000) $1,908 Shares 181,400 Est. Cost $13.48 Unrealized —

AGNC AGNC INVESTMENT CORP 0.3%

Value ($000) $1,349 Shares 127,500 Est. Cost $18.59 Unrealized —

PPL PPL CORP 0.4%

Value ($000) $1,974 Shares 80,000 Est. Cost $25.40 Unrealized -0.8%

YUM YUM! BRANDS INC 0.4%

Value ($000) $1,891 Shares 27,600 Est. Cost $64.74 Unrealized +29.1%

AFG AMERICAN FINANCIAL GROUP INC 0.3%

Value ($000) $1,542 Shares 22,000 Est. Cost $51.58 Unrealized +5.7%

MMM 3M CO 0.7%

Value ($000) $2,962 Shares 21,700 Est. Cost $76.52 Unrealized +38.5%

ELV ANTHEM INC 0.6%

Value ($000) $2,594 Shares 11,425 Est. Cost $261.99 Unrealized -4.0%

MAA MID-AMERICA APARTMENT COMM 0.7%

Value ($000) $3,044 Shares 29,540 Est. Cost $65.95 Unrealized +61.3%

REG REGENCY CENTERS CORP 0.3%

Value ($000) $1,326 Shares 34,500 Est. Cost $47.18 Unrealized -5.0%

L LOEWS CORP 0.4%

Value ($000) $1,665 Shares 47,800 Est. Cost $45.06 Unrealized +2.1%

AZO AUTOZONE INC 0.5%

Value ($000) $2,030 Shares 2,400 Est. Cost $715.82 Unrealized +45.2%

SNA SNAP-ON INC 0.3%

Value ($000) $1,469 Shares 13,500 Est. Cost $124.36 Unrealized +1.7%

CPT CAMDEN PROPERTY TRUST 0.5%

Value ($000) $2,406 Shares 30,369 Est. Cost $49.07 Unrealized +72.8%

— ALLEGHANY CORP 0.4%

Value ($000) $1,823 Shares 3,300 Est. Cost $623.33 Unrealized —

RLJ RLJ LODGING TRUST 0.1%

Value ($000) $611 Shares 79,200 Est. Cost $23.24 Unrealized —

TRV TRAVELERS COS INC/THE 0.5%

Value ($000) $2,027 Shares 20,400 Est. Cost $91.51 Unrealized +19.8%

SKT TANGER FACTORY OUTLET CENTER 0.1%

Value ($000) $390 Shares 78,000 Est. Cost $32.33 Unrealized —

BXP BOSTON PROPERTIES INC 0.3%

Value ($000) $1,514 Shares 16,417 Est. Cost $64.00 Unrealized +49.3%

— HUDSON PACIFIC PROPERTIES IN 0.3%

Value ($000) $1,534 Shares 60,500 Est. Cost $33.35 Unrealized —

OMC OMNICOM GROUP 0.3%

Value ($000) $1,537 Shares 28,000 Est. Cost $57.22 Unrealized -0.1%

SYK STRYKER CORP 0.6%

Value ($000) $2,780 Shares 16,700 Est. Cost $154.78 Unrealized +18.4%

— PEOPLE'S UNITED FINANCIAL 0.3%

Value ($000) $1,370 Shares 124,000 Est. Cost $17.12 Unrealized —

IRM IRON MOUNTAIN INC 0.5%

Value ($000) $2,130 Shares 89,500 Est. Cost $22.66 Unrealized -0.5%

CTSH COGNIZANT TECH SOLUTIONS-A 0.5%

Value ($000) $2,138 Shares 46,000 Est. Cost $56.34 Unrealized -3.3%

PAYX PAYCHEX INC 0.5%

Value ($000) $2,010 Shares 31,950 Est. Cost $34.10 Unrealized +97.7%

GWW WW GRAINGER INC 0.4%

Value ($000) $1,938 Shares 7,800 Est. Cost $239.72 Unrealized +14.9%

ILPT INDUSTRIAL LOGISTICS PROPERT 0.5%

Value ($000) $2,445 Shares 139,415 Est. Cost $20.86 Unrealized —

IBM INTL BUSINESS MACHINES CORP 0.7%

Value ($000) $3,250 Shares 29,300 Est. Cost $101.76 Unrealized -3.4%

PEG PUBLIC SERVICE ENTERPRISE GP 0.5%

Value ($000) $2,021 Shares 45,000 Est. Cost $49.14 Unrealized -10.2%

LII LENNOX INTERNATIONAL INC 0.4%

Value ($000) $1,818 Shares 10,000 Est. Cost $184.49 Unrealized +16.4%

STAG STAG INDUSTRIAL INC 0.3%

Value ($000) $1,517 Shares 67,380 Est. Cost $20.30 Unrealized —

EXC EXELON CORP 0.5%

Value ($000) $2,393 Shares 65,000 Est. Cost $26.68 Unrealized -4.6%

— PHYSICIANS REALTY TRUST 0.4%

Value ($000) $1,575 Shares 113,000 Est. Cost $15.97 Unrealized —

HIW HIGHWOODS PROPERTIES INC 0.3%

Value ($000) $1,410 Shares 39,802 Est. Cost $36.31 Unrealized —

FFIV F5 NETWORKS INC 0.4%

Value ($000) $1,674 Shares 15,700 Est. Cost $113.00 Unrealized +8.2%

— HEALTHCARE TRUST OF AME-CL A 0.5%

Value ($000) $2,064 Shares 85,000 Est. Cost $25.31 Unrealized —

UDR UDR INC 0.4%

Value ($000) $1,804 Shares 49,367 Est. Cost $20.29 Unrealized +78.8%

MAC MACERICH CO/THE 0.0%

Value ($000) $132 Shares 23,507 Est. Cost $60.58 Unrealized —

KIM KIMCO REALTY CORP 0.1%

Value ($000) $394 Shares 40,731 Est. Cost $12.61 Unrealized +4.8%

D DOMINION ENERGY INC 0.7%

Value ($000) $2,989 Shares 41,400 Est. Cost $46.36 Unrealized +36.2%

EBAY EBAY INC 0.5%

Value ($000) $2,134 Shares 71,000 Est. Cost $33.63 Unrealized -6.3%

ARE ALEXANDRIA REAL ESTATE EQUIT 0.5%

Value ($000) $2,316 Shares 16,900 Est. Cost $45.03 Unrealized +175.6%

INN SUMMIT HOTEL PROPERTIES INC 0.0%

Value ($000) $207 Shares 49,000 Est. Cost $14.07 Unrealized —

PNW PINNACLE WEST CAPITAL 0.5%

Value ($000) $2,122 Shares 28,000 Est. Cost $69.39 Unrealized +1.4%

KRG KITE REALTY GROUP TRUST 0.1%

Value ($000) $369 Shares 39,000 Est. Cost $24.57 Unrealized —

PK PARK HOTELS and RESORTS INC 0.0%

Value ($000) $166 Shares 21,038 Est. Cost $25.86 Unrealized —

KRC KILROY REALTY CORP 0.3%

Value ($000) $1,147 Shares 18,000 Est. Cost $67.97 Unrealized —

EXPD EXPEDITORS INTL WASH INC 0.5%

Value ($000) $2,095 Shares 31,400 Est. Cost $58.41 Unrealized +13.9%

ESRT EMPIRE STATE REALTY TRUST-A 0.1%

Value ($000) $636 Shares 71,000 Est. Cost $16.12 Unrealized —

— CERNER CORP 0.5%

Value ($000) $2,142 Shares 34,000 Est. Cost $73.29 Unrealized —

— MONMOUTH REAL ESTATE INV COR 0.4%

Value ($000) $1,723 Shares 143,000 Est. Cost $14.48 Unrealized —

CLDT CHATHAM LODGING TRUST 0.0%

Value ($000) $154 Shares 26,000 Est. Cost $19.15 Unrealized —

CLX CLOROX COMPANY 0.6%

Value ($000) $2,685 Shares 15,500 Est. Cost $125.69 Unrealized +10.3%

KW KENNEDY-WILSON HOLDINGS INC 0.1%

Value ($000) $457 Shares 34,081 Est. Cost $18.95 Unrealized +5.1%

PSA PUBLIC STORAGE 0.9%

Value ($000) $4,186 Shares 21,074 Est. Cost $97.16 Unrealized +71.5%

AMH AMERICAN HOMES 4 RENT- A 0.5%

Value ($000) $2,134 Shares 92,000 Est. Cost $22.71 Unrealized —

CUBE CUBESMART 0.3%

Value ($000) $1,554 Shares 58,000 Est. Cost $29.19 Unrealized —

— NEW SENIOR INVESTMENT GROUP 0.0%

Value ($000) $136 Shares 53,000 Est. Cost $10.30 Unrealized —

CDP CORPORATE OFFICE PROPERTIES 0.2%

Value ($000) $819 Shares 37,000 Est. Cost $25.84 Unrealized —

— Life Storage Inc 0.4%

Value ($000) $1,560 Shares 16,500 Est. Cost $91.98 Unrealized —

BIIB BIOGEN INC 0.8%

Value ($000) $3,543 Shares 11,200 Est. Cost $230.43 Unrealized +31.7%

TSCO TRACTOR SUPPLY COMPANY 0.5%

Value ($000) $2,097 Shares 24,800 Est. Cost $12.36 Unrealized +32.3%

— HERSHA HOSPITALITY TRUST 0.0%

Value ($000) $72 Shares 20,000 Est. Cost $21.45 Unrealized —

— A SITE CENTER REIT 0.0%

Value ($000) $128 Shares 24,500 Est. Cost $17.90 Unrealized —

APLE APPLE HOSPITALITY REIT INC 0.1%

Value ($000) $275 Shares 30,000 Est. Cost $14.27 Unrealized —

CHD CHURCH and DWIGHT CO INC 0.5%

Value ($000) $2,118 Shares 33,000 Est. Cost $66.06 Unrealized +0.3%

EQIX EQUINIX INC 0.6%

Value ($000) $2,811 Shares 4,500 Est. Cost $501.45 Unrealized +6.9%

IDXX IDEXX LABORATORIES INC 0.5%

Value ($000) $2,301 Shares 9,500 Est. Cost $263.51 Unrealized -1.0%

OPITQ OFFICE PROPERTIES INCOME TRUST 0.2%

Value ($000) $891 Shares 32,708 Est. Cost $27.64 Unrealized —

— CYRUSONE INC 0.5%

Value ($000) $2,377 Shares 38,500 Est. Cost $49.32 Unrealized —

FCPT FOUR CORNERS PROPERTY TRUST 0.1%

Value ($000) $281 Shares 15,000 Est. Cost $28.20 Unrealized —

PEB PEBBLEBROOK HOTEL TRUST 0.0%

Value ($000) $97 Shares 8,911 Est. Cost $28.31 Unrealized —

— LEXINGTON REALTY TRUST 0.4%

Value ($000) $1,648 Shares 166,000 Est. Cost $9.70 Unrealized —

CL COLGATE-PALMOLIVE CO 0.7%

Value ($000) $2,986 Shares 45,000 Est. Cost $59.11 Unrealized +4.1%

— CBL and ASSOCIATES PROPERTIES 0.0%

Value ($000) $18 Shares 91,000 Est. Cost $9.31 Unrealized —

— HEALTHCARE REALTY TRUST INC 0.1%

Value ($000) $298 Shares 10,682 Est. Cost $25.50 Unrealized —

GIS GENERAL MILLS INC 0.6%

Value ($000) $2,797 Shares 53,000 Est. Cost $42.80 Unrealized +1.2%

— BRISTOL-MYERS SQUIBB-CVR 0.0%

Value ($000) $125 Shares 33,000 Est. Cost $3.00 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XOM	EXXON MOBIL CORP	101,200	$3,843	0.9%	$55.94	-24.8%	COMMON STOCK	30231G102
—	VEREIT INC	633,000	$3,096	0.7%	$8.88	—	COMMON STOCK	92339V100
—	SL GREEN REALTY CORP	49,123	$2,117	0.5%	$90.12	—	COMMON STOCK	78440X101
VNO	VORNADO REALTY TRUST	65,265	$2,363	0.5%	$72.24	—	COMMON STOCK	929042109
T	ATandT INC	180,000	$5,247	1.2%	$18.86	-3.7%	COMMON STOCK	00206R102
USB	US BANCORP	66,200	$2,281	0.5%	$39.05	-4.7%	COMMON STOCK	902973304
AVB	AVALONBAY COMMUNITIES INC	22,920	$3,373	0.8%	$94.98	+72.0%	COMMON STOCK	053484101
—	BOOKING HOLDINGS INC	1,900	$2,556	0.6%	$1984.21	—	COMMON STOCK	741503403
BRX	BRIXMOR PROPERTY GROUP INC	111,000	$1,055	0.2%	$25.62	—	COMMON STOCK	11120U105
SBRA	SABRA HEALTH CARE REIT INC	116,030	$1,267	0.3%	$22.67	—	COMMON STOCK	78573L106
RGA	REINSURANCE GROUP OF AMERICA	15,000	$1,262	0.3%	$143.96	-9.4%	COMMON STOCK	759351604
GLPI	GAMING AND LEISURE PROPERTIE	75,000	$2,078	0.5%	$31.62	—	COMMON STOCK	36467J108
EMR	EMERSON ELECTRIC CO	40,200	$1,916	0.4%	$49.23	+17.3%	COMMON STOCK	291011104
CE	CELANESE CORP-SERIES A	23,000	$1,688	0.4%	$91.40	-3.1%	COMMON STOCK	150870103
DOC	HCP INC	106,593	$2,542	0.6%	$25.47	-6.1%	COMMON STOCK	42250P103
DRI	DARDEN RESTAURANTS INC	20,700	$1,127	0.3%	$88.06	-6.0%	COMMON STOCK	237194105
HIG	HARTFORD FINANCIAL SVCS GRP	44,000	$1,551	0.3%	$45.59	+0.2%	COMMON STOCK	416515104
CNP	CENTERPOINT ENERGY INC	94,000	$1,452	0.3%	$24.41	-19.7%	COMMON STOCK	15189T107
—	ANNALY CAPITAL MANAGEMENT IN	250,000	$1,268	0.3%	$9.13	—	COMMON STOCK	035710409
UNH	UNITEDHEALTH GROUP INC	24,300	$6,060	1.4%	$233.60	+6.9%	COMMON STOCK	91324P102
AMP	AMERIPRISE FINANCIAL INC	16,600	$1,701	0.4%	$107.25	+24.9%	COMMON STOCK	03076C106
AFL	AFLAC INC	56,900	$1,948	0.4%	$27.96	+41.9%	COMMON STOCK	001055102
MAN	MANPOWERGROUP INC	24,000	$1,272	0.3%	$91.10	-8.6%	COMMON STOCK	56418H100
CUZ	COUSINS PROPERTIES INC	85,977	$2,517	0.6%	$36.17	—	COMMON STOCK	222795502
CSCO	CISCO SYSTEMS INC	117,500	$4,619	1.0%	$36.19	+1.3%	COMMON STOCK	17275R102
PFE	PFIZER INC	150,800	$4,922	1.1%	$21.30	+21.3%	COMMON STOCK	717081103
TGT	TARGET CORP	27,700	$2,575	0.6%	$67.73	+40.2%	COMMON STOCK	87612E106
TXN	TEXAS INSTRUMENTS INC	34,400	$3,438	0.8%	$40.51	+150.9%	COMMON STOCK	882508104
RHI	ROBERT HALF INTL INC	38,200	$1,442	0.3%	$55.14	-1.8%	COMMON STOCK	770323103
BDN	BRANDYWINE REALTY TRUST	181,400	$1,908	0.4%	$13.48	—	COMMON STOCK	105368203
AGNC	AGNC INVESTMENT CORP	127,500	$1,349	0.3%	$18.59	—	COMMON STOCK	00123Q104
PPL	PPL CORP	80,000	$1,974	0.4%	$25.40	-0.8%	COMMON STOCK	69351T106
YUM	YUM! BRANDS INC	27,600	$1,891	0.4%	$64.74	+29.1%	COMMON STOCK	988498101
AFG	AMERICAN FINANCIAL GROUP INC	22,000	$1,542	0.3%	$51.58	+5.7%	COMMON STOCK	025932104
MMM	3M CO	21,700	$2,962	0.7%	$76.52	+38.5%	COMMON STOCK	88579Y101
ELV	ANTHEM INC	11,425	$2,594	0.6%	$261.99	-4.0%	COMMON STOCK	036752103
MAA	MID-AMERICA APARTMENT COMM	29,540	$3,044	0.7%	$65.95	+61.3%	COMMON STOCK	59522J103
REG	REGENCY CENTERS CORP	34,500	$1,326	0.3%	$47.18	-5.0%	COMMON STOCK	758849103
L	LOEWS CORP	47,800	$1,665	0.4%	$45.06	+2.1%	COMMON STOCK	540424108
AZO	AUTOZONE INC	2,400	$2,030	0.5%	$715.82	+45.2%	COMMON STOCK	053332102
SNA	SNAP-ON INC	13,500	$1,469	0.3%	$124.36	+1.7%	COMMON STOCK	833034101
CPT	CAMDEN PROPERTY TRUST	30,369	$2,406	0.5%	$49.07	+72.8%	COMMON STOCK	133131102
—	ALLEGHANY CORP	3,300	$1,823	0.4%	$623.33	—	COMMON STOCK	017175100
RLJ	RLJ LODGING TRUST	79,200	$611	0.1%	$23.24	—	COMMON STOCK	74965L101
TRV	TRAVELERS COS INC/THE	20,400	$2,027	0.5%	$91.51	+19.8%	COMMON STOCK	89417E109
SKT	TANGER FACTORY OUTLET CENTER	78,000	$390	0.1%	$32.33	—	COMMON STOCK	875465106
BXP	BOSTON PROPERTIES INC	16,417	$1,514	0.3%	$64.00	+49.3%	COMMON STOCK	101121101
—	HUDSON PACIFIC PROPERTIES IN	60,500	$1,534	0.3%	$33.35	—	COMMON STOCK	444097109
OMC	OMNICOM GROUP	28,000	$1,537	0.3%	$57.22	-0.1%	COMMON STOCK	681919106
SYK	STRYKER CORP	16,700	$2,780	0.6%	$154.78	+18.4%	COMMON STOCK	863667101
—	PEOPLE'S UNITED FINANCIAL	124,000	$1,370	0.3%	$17.12	—	COMMON STOCK	712704105
IRM	IRON MOUNTAIN INC	89,500	$2,130	0.5%	$22.66	-0.5%	COMMON STOCK	46284V101
CTSH	COGNIZANT TECH SOLUTIONS-A	46,000	$2,138	0.5%	$56.34	-3.3%	COMMON STOCK	192446102
PAYX	PAYCHEX INC	31,950	$2,010	0.5%	$34.10	+97.7%	COMMON STOCK	704326107
GWW	WW GRAINGER INC	7,800	$1,938	0.4%	$239.72	+14.9%	COMMON STOCK	384802104
ILPT	INDUSTRIAL LOGISTICS PROPERT	139,415	$2,445	0.5%	$20.86	—	COMMON STOCK	456237106
IBM	INTL BUSINESS MACHINES CORP	29,300	$3,250	0.7%	$101.76	-3.4%	COMMON STOCK	459200101
PEG	PUBLIC SERVICE ENTERPRISE GP	45,000	$2,021	0.5%	$49.14	-10.2%	COMMON STOCK	744573106
LII	LENNOX INTERNATIONAL INC	10,000	$1,818	0.4%	$184.49	+16.4%	COMMON STOCK	526107107
STAG	STAG INDUSTRIAL INC	67,380	$1,517	0.3%	$20.30	—	COMMON STOCK	85254J102
EXC	EXELON CORP	65,000	$2,393	0.5%	$26.68	-4.6%	COMMON STOCK	30161N101
—	PHYSICIANS REALTY TRUST	113,000	$1,575	0.4%	$15.97	—	COMMON STOCK	71943U104
HIW	HIGHWOODS PROPERTIES INC	39,802	$1,410	0.3%	$36.31	—	COMMON STOCK	431284108
FFIV	F5 NETWORKS INC	15,700	$1,674	0.4%	$113.00	+8.2%	COMMON STOCK	315616102
—	HEALTHCARE TRUST OF AME-CL A	85,000	$2,064	0.5%	$25.31	—	COMMON STOCK	42225P501
UDR	UDR INC	49,367	$1,804	0.4%	$20.29	+78.8%	COMMON STOCK	902653104
MAC	MACERICH CO/THE	23,507	$132	0.0%	$60.58	—	COMMON STOCK	554382101
KIM	KIMCO REALTY CORP	40,731	$394	0.1%	$12.61	+4.8%	COMMON STOCK	49446R109
D	DOMINION ENERGY INC	41,400	$2,989	0.7%	$46.36	+36.2%	COMMON STOCK	25746U109
EBAY	EBAY INC	71,000	$2,134	0.5%	$33.63	-6.3%	COMMON STOCK	278642103
ARE	ALEXANDRIA REAL ESTATE EQUIT	16,900	$2,316	0.5%	$45.03	+175.6%	COMMON STOCK	015271109
INN	SUMMIT HOTEL PROPERTIES INC	49,000	$207	0.0%	$14.07	—	COMMON STOCK	866082100
PNW	PINNACLE WEST CAPITAL	28,000	$2,122	0.5%	$69.39	+1.4%	COMMON STOCK	723484101
KRG	KITE REALTY GROUP TRUST	39,000	$369	0.1%	$24.57	—	COMMON STOCK	49803T300
PK	PARK HOTELS and RESORTS INC	21,038	$166	0.0%	$25.86	—	COMMON STOCK	700517105
KRC	KILROY REALTY CORP	18,000	$1,147	0.3%	$67.97	—	COMMON STOCK	49427F108
EXPD	EXPEDITORS INTL WASH INC	31,400	$2,095	0.5%	$58.41	+13.9%	COMMON STOCK	302130109
ESRT	EMPIRE STATE REALTY TRUST-A	71,000	$636	0.1%	$16.12	—	COMMON STOCK	292104106
—	CERNER CORP	34,000	$2,142	0.5%	$73.29	—	COMMON STOCK	156782104
—	MONMOUTH REAL ESTATE INV COR	143,000	$1,723	0.4%	$14.48	—	COMMON STOCK	609720107
CLDT	CHATHAM LODGING TRUST	26,000	$154	0.0%	$19.15	—	COMMON STOCK	16208T102
CLX	CLOROX COMPANY	15,500	$2,685	0.6%	$125.69	+10.3%	COMMON STOCK	189054109
KW	KENNEDY-WILSON HOLDINGS INC	34,081	$457	0.1%	$18.95	+5.1%	COMMON STOCK	489398107
PSA	PUBLIC STORAGE	21,074	$4,186	0.9%	$97.16	+71.5%	COMMON STOCK	74460D109
AMH	AMERICAN HOMES 4 RENT- A	92,000	$2,134	0.5%	$22.71	—	COMMON STOCK	02665T306
CUBE	CUBESMART	58,000	$1,554	0.3%	$29.19	—	COMMON STOCK	229663109
—	NEW SENIOR INVESTMENT GROUP	53,000	$136	0.0%	$10.30	—	COMMON STOCK	648691103
CDP	CORPORATE OFFICE PROPERTIES	37,000	$819	0.2%	$25.84	—	COMMON STOCK	22002T108
—	Life Storage Inc	16,500	$1,560	0.4%	$91.98	—	COMMON STOCK	53223X107
BIIB	BIOGEN INC	11,200	$3,543	0.8%	$230.43	+31.7%	COMMON STOCK	09062X103
TSCO	TRACTOR SUPPLY COMPANY	24,800	$2,097	0.5%	$12.36	+32.3%	COMMON STOCK	892356106
—	HERSHA HOSPITALITY TRUST	20,000	$72	0.0%	$21.45	—	COMMON STOCK	427825500
—	A SITE CENTER REIT	24,500	$128	0.0%	$17.90	—	COMMON STOCK	23317H854
APLE	APPLE HOSPITALITY REIT INC	30,000	$275	0.1%	$14.27	—	COMMON STOCK	03784Y200
CHD	CHURCH and DWIGHT CO INC	33,000	$2,118	0.5%	$66.06	+0.3%	COMMON STOCK	171340102
EQIX	EQUINIX INC	4,500	$2,811	0.6%	$501.45	+6.9%	COMMON STOCK	29444U700
IDXX	IDEXX LABORATORIES INC	9,500	$2,301	0.5%	$263.51	-1.0%	COMMON STOCK	45168D104
OPITQ	OFFICE PROPERTIES INCOME TRUST	32,708	$891	0.2%	$27.64	—	COMMON STOCK	67623C109
—	CYRUSONE INC	38,500	$2,377	0.5%	$49.32	—	COMMON STOCK	23283R100
FCPT	FOUR CORNERS PROPERTY TRUST	15,000	$281	0.1%	$28.20	—	COMMON STOCK	35086T109
PEB	PEBBLEBROOK HOTEL TRUST	8,911	$97	0.0%	$28.31	—	COMMON STOCK	70509V100
—	LEXINGTON REALTY TRUST	166,000	$1,648	0.4%	$9.70	—	COMMON STOCK	529043101
CL	COLGATE-PALMOLIVE CO	45,000	$2,986	0.7%	$59.11	+4.1%	COMMON STOCK	194162103
—	CBL and ASSOCIATES PROPERTIES	91,000	$18	0.0%	$9.31	—	COMMON STOCK	124830100
—	HEALTHCARE REALTY TRUST INC	10,682	$298	0.1%	$25.50	—	COMMON STOCK	421946104
GIS	GENERAL MILLS INC	53,000	$2,797	0.6%	$42.80	+1.2%	COMMON STOCK	370334104
—	BRISTOL-MYERS SQUIBB-CVR	33,000	$125	0.0%	$3.00	—	COMMON STOCK	110122157