Pensionfund Sabic Activity Q1 2015-Q4 2023

Q4 2023

			Value		Shares		↓ Weighting
O	Buy	Realty Income Corp	$3,615	+22.3%	62,954	+6.4%	1.14%	+9.7%
VICI	Buy	VICI Properties Inc	$2,757	+19.2%	86,500	+8.8%	0.87%	+6.9%
WPC	Buy	WP Carey Inc	$2,613	+26.2%	40,304	+5.2%	0.82%	+13.2%
	Buy	ROYALTY PHARMA PLC- CL A	$2,579	-1.8%	45,108	+7.1%	0.81%	-11.9%
IBM	Sell	INTL BUSINESS MACHINES CORP	$2,371	+9.0%	14,500	-6.5%	0.75%	-2.2%
CPT	Buy	Camden Property Trust	$2,207	+9.9%	22,231	+4.7%	0.70%	-1.4%
PFE	Buy	PFIZER INC	$2,102	-2.5%	73,000	+12.3%	0.66%	-12.5%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$1,745	-6.0%	34,000	+6.2%	0.55%	-15.6%
ADP	New	AUTOMATIC DATA PROCESSING	$1,701	–	7,300	–	0.54%	–
FICO	Sell	FAIR ISAAC CORP	$1,630	+17.3%	1,400	-12.5%	0.51%	+5.1%
KLAC	New	KLA CORP	$1,570	–	2,700	–	0.50%	–
PEAK	Buy	Healthpeak Properties Inc	$1,539	+12.2%	77,707	+4.0%	0.48%	+0.6%
LII	Sell	LENNOX INTERNATIONAL INC	$1,432	+0.6%	3,200	-15.8%	0.45%	-9.8%
EXC	Buy	EXELON CORP	$1,346	+3.2%	37,500	+8.7%	0.42%	-7.4%
GIS	Buy	GENERAL MILLS INC	$1,303	+13.1%	20,000	+11.1%	0.41%	+1.2%
MTD	Buy	METTLER-TOLEDO INTERNATIONAL	$1,274	+21.0%	1,050	+10.5%	0.40%	+8.4%
	Buy	Healthcare Realty Trust Inc	$1,259	+17.7%	73,082	+4.3%	0.40%	+5.6%
GPC	Buy	GENUINE PARTS CO	$1,247	+8.0%	9,000	+12.5%	0.39%	-3.2%
HSY	Buy	HERSHEY CO/THE	$1,249	+5.8%	6,700	+13.6%	0.39%	-5.1%
LKQ	Buy	LKQ CORP	$1,243	+9.1%	26,000	+13.0%	0.39%	-2.0%
ES	Buy	EVERSOURCE ENERGY	$1,234	+17.9%	20,000	+11.1%	0.39%	+5.7%
MAA	Buy	Mid-America Apartment Communities Inc	$1,230	+9.2%	9,150	+4.6%	0.39%	-2.3%
HOLX	Buy	HOLOGIC INC	$1,215	+16.7%	17,000	+13.3%	0.38%	+4.6%
K	Buy	KELLOGG CO	$1,202	+3.6%	21,500	+10.3%	0.38%	-6.9%
SJM	Buy	JM SMUCKER CO/THE	$1,188	+11.1%	9,400	+8.0%	0.37%	-0.3%
CPB	Buy	CAMPBELL SOUP CO	$1,167	+18.4%	27,000	+12.5%	0.37%	+6.4%
CAG	Buy	CONAGRA BRANDS INC	$1,132	+14.7%	39,500	+9.7%	0.36%	+2.9%
UDR	Buy	UDR Inc	$1,087	+17.8%	28,388	+9.7%	0.34%	+5.6%
SEE	Buy	SEALED AIR CORP	$986	+36.4%	27,000	+22.7%	0.31%	+22.4%
EPRT	Buy	Essential Properties Realty Trust Inc	$856	+25.7%	33,500	+6.3%	0.27%	+13.0%
OHI	Sell	Omega Healthcare Investors Inc	$834	-10.8%	27,200	-3.5%	0.26%	-19.8%
SBRA	Sell	Sabra Health Care REIT Inc	$812	-12.9%	56,874	-15.0%	0.26%	-21.7%
DOC	Buy	Physicians Realty Trust	$692	+29.1%	52,000	+18.2%	0.22%	+16.0%
IRT	Buy	Independence Realty Trust Inc	$536	+19.1%	35,000	+9.4%	0.17%	+7.0%
JPM	New	JPMORGAN CHASE and CO	$510	–	3,000	–	0.16%	–
GTY	Buy	Getty Realty Corp	$468	+77.9%	16,000	+68.4%	0.15%	+59.8%
CSR	Buy	Centerspace	$391	+7.7%	6,719	+11.6%	0.12%	-3.9%
FCPT	Buy	Four Corners Property Trust Inc	$316	+29.5%	12,500	+13.6%	0.10%	+16.3%
SITC	New	SITE Centers Corp	$136	–	10,000	–	0.04%	–
PM	Sell	PHILIP MORRIS INTERNATIONAL	$0	-100.0%	0	-100.0%	0.00%	-100.0%
MO	Sell	ALTRIA GROUP INC	$0	-100.0%	0	-100.0%	0.00%	-100.0%
HT	Exit	Hersha Hospitality Trust	$0	–	-8,000	–	-0.03%	–

Q3 2023

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$14,430	-12.8%	84,280	-1.2%	5.07%	-8.6%
UNH	Sell	UNITEDHEALTH GROUP INC	$4,235	+1.3%	8,400	-3.4%	1.49%	+6.1%
JNJ	Sell	JOHNSON and JOHNSON	$3,816	-9.6%	24,500	-3.9%	1.34%	-5.3%
V	Sell	VISA INC-CLASS A SHARES	$3,588	-9.0%	15,600	-6.0%	1.26%	-4.7%
PG	Sell	PROCTER and GAMBLE CO/THE	$3,428	-7.8%	23,500	-4.1%	1.20%	-3.4%
MA	New	MASTERCARD INC - A	$3,167	–	8,000	–	1.11%	–
HD	Sell	HOME DEPOT INC	$3,142	-7.2%	10,400	-4.6%	1.10%	-2.7%
O	Buy	Realty Income Corp	$2,955	-13.5%	59,154	+3.5%	1.04%	-9.4%
WMT	Sell	WALMART INC	$2,847	-3.7%	17,800	-5.3%	1.00%	+0.9%
PSA	Buy	Public Storage	$2,770	-8.0%	10,513	+1.9%	0.97%	-3.6%
COST	Sell	COSTCO WHOLESALE CORP	$2,712	-6.7%	4,800	-11.1%	0.95%	-2.3%
CSCO	Sell	CISCO SYSTEMS INC	$2,688	-1.0%	50,000	-4.8%	0.94%	+3.6%
PEP	Sell	PEPSICO INC	$2,626	-12.5%	15,500	-4.3%	0.92%	-8.3%
	Buy	ROYALTY PHARMA PLC- CL A	$2,625	-6.9%	42,108	+18.3%	0.92%	-2.5%
SPG	Buy	Simon Property Group Inc	$2,550	-3.2%	23,606	+3.5%	0.90%	+1.5%
VICI	Buy	VICI Properties Inc	$2,313	+107.3%	79,500	+123.9%	0.81%	+117.1%
PFE	New	PFIZER INC	$2,156	–	65,000	–	0.76%	–
WPC	Buy	WP Carey Inc	$2,071	-8.2%	38,304	+14.7%	0.73%	-4.0%
CPT	Buy	Camden Property Trust	$2,008	-8.9%	21,231	+4.9%	0.70%	-4.6%
VZ	Buy	VERIZON COMMUNICATIONS INC	$1,961	-6.7%	60,500	+7.1%	0.69%	-2.1%
LOW	Sell	LOWE'S COS INC	$1,871	-17.1%	9,000	-10.0%	0.66%	-13.2%
BKNG	New	BOOKING HOLDINGS INC	$1,850	–	600	–	0.65%	–
MMC	Sell	MARSH and MCLENNAN COS	$1,846	-8.3%	9,700	-9.3%	0.65%	-4.0%
AMAT	New	APPLIED MATERIALS INC	$1,800	–	13,000	–	0.63%	–
T	Buy	ATandT INC	$1,757	+2.9%	117,000	+9.3%	0.62%	+7.9%
CDNS	Sell	CADENCE DESIGN SYS INC	$1,593	-15.1%	6,800	-15.0%	0.56%	-11.0%
ORLY	Sell	O'REILLY AUTOMOTIVE INC	$1,545	-10.2%	1,700	-5.6%	0.54%	-5.9%
MET	Buy	METLIFE INC	$1,447	+21.9%	23,000	+9.5%	0.51%	+27.6%
LII	Sell	LENNOX INTERNATIONAL INC	$1,423	-9.1%	3,800	-20.8%	0.50%	-4.8%
FICO	Sell	FAIR ISAAC CORP	$1,390	-9.6%	1,600	-15.8%	0.49%	-5.2%
MSI	Sell	MOTOROLA SOLUTIONS INC	$1,361	-18.6%	5,000	-12.3%	0.48%	-14.8%
FLT	Sell	FLEETCOR TECHNOLOGIES INC	$1,353	-17.1%	5,300	-18.5%	0.48%	-13.2%
KMB	Sell	KIMBERLY-CLARK CORP	$1,341	-19.7%	11,100	-8.3%	0.47%	-15.9%
FAST	Sell	FASTENAL CO	$1,339	-14.3%	24,500	-7.5%	0.47%	-10.3%
SRE	Buy	SEMPRA ENERGY	$1,320	-6.5%	19,400	+100.0%	0.46%	-1.9%
EA	Sell	ELECTRONIC ARTS INC	$1,288	-18.6%	10,700	-12.3%	0.45%	-14.7%
KDP	New	KEURIG DR PEPPER INC	$1,263	–	40,000	–	0.44%	–
BAH	Sell	BOOZ ALLEN HAMILTON HOLDINGS	$1,257	-13.4%	11,500	-11.5%	0.44%	-9.1%
NVR	Sell	NVR INC	$1,252	-21.2%	210	-16.0%	0.44%	-17.3%
NTAP	Sell	NETAPP INC	$1,252	-16.0%	16,500	-15.4%	0.44%	-12.0%
GWW	Sell	WW GRAINGER INC	$1,245	-24.8%	1,800	-14.3%	0.44%	-21.3%
KMI	New	KINDER MORGAN INC	$1,244	–	75,000	–	0.44%	–
OTIS	New	OTIS WORLDWIDE CORP	$1,205	–	15,000	–	0.42%	–
IT	New	GARTNER INC	$1,203	–	3,500	–	0.42%	–
SNA	Sell	SNAP-ON INC	$1,199	-22.9%	4,700	-13.0%	0.42%	-19.3%
MAS	Sell	MASCO CORP	$1,160	-14.7%	21,700	-8.4%	0.41%	-10.7%
GPC	New	GENUINE PARTS CO	$1,155	–	8,000	–	0.41%	–
GIS	New	GENERAL MILLS INC	$1,152	–	18,000	–	0.40%	–
MAA	Buy	Mid-America Apartment Communities Inc	$1,126	-12.2%	8,750	+3.6%	0.40%	-7.9%
D	Buy	DOMINION ENERGY INC	$1,117	-6.2%	25,000	+8.7%	0.39%	-1.8%
AOS	Sell	SMITH (A.O.) CORP	$1,091	-21.1%	16,500	-13.2%	0.38%	-17.5%
	Buy	Healthcare Realty Trust Inc	$1,070	-15.4%	70,082	+4.5%	0.38%	-11.3%
AFG	New	AMERICAN FINANCIAL GROUP INC	$1,061	–	9,500	–	0.37%	–
ES	New	EVERSOURCE ENERGY	$1,047	–	18,000	–	0.37%	–
HOLX	New	HOLOGIC INC	$1,041	–	15,000	–	0.37%	–
HPQ	New	HP INC	$1,028	–	40,000	–	0.36%	–
IPG	New	INTERPUBLIC GROUP OF COS INC	$1,003	–	35,000	–	0.35%	–
EXR	New	Extra Space Storage Inc	$979	–	8,055	–	0.34%	–
SBRA	Sell	Sabra Health Care REIT Inc	$932	+10.2%	66,874	-7.0%	0.33%	+15.1%
BNL	Buy	Broadstone Net Lease Inc	$872	-2.7%	61,000	+5.2%	0.31%	+2.0%
NHI	Buy	National Health Investors Inc	$770	+4.9%	15,000	+7.1%	0.27%	+9.8%
AIRC	Buy	Apartment Income REIT Corp	$748	-4.3%	24,357	+12.5%	0.26%	+0.4%
EPRT	Buy	Essential Properties Realty Trust Inc	$681	-1.9%	31,500	+6.8%	0.24%	+2.6%
MPW	Buy	Medical Properties Trust Inc	$673	-34.8%	123,500	+10.8%	0.24%	-31.8%
EPR	Buy	EPR Properties	$582	+3.6%	14,000	+16.7%	0.20%	+8.5%
DOC	Buy	Physicians Realty Trust	$536	-4.3%	44,000	+10.0%	0.19%	0.0%
IRT	Buy	Independence Realty Trust Inc	$450	-5.1%	32,000	+23.1%	0.16%	-0.6%
REG	New	Regency Centers Corp	$351	–	5,899	–	0.12%	–
IIPR	Buy	Innovative Industrial Properties Inc	$333	+42.3%	4,404	+37.5%	0.12%	+50.0%
APLE	Buy	Apple Hospitality REIT Inc	$245	+25.0%	16,000	+23.1%	0.09%	+30.3%
	Sell	SL Green Realty Corp	$71	-39.3%	1,902	-51.3%	0.02%	-35.9%
DHC	Sell	Diversified Healthcare Trust	$39	-87.9%	20,000	-86.0%	0.01%	-87.0%
ILPT	Exit	Industrial Logistics Properties Trust	$0	–	-66,572	–	-0.07%	–
UBA	Exit	Urstadt Biddle Properties Inc	$0	–	-17,000	–	-0.12%	–
JKHY	Exit	JACK HENRY and ASSOCIATES INC	$0	–	-7,000	–	-0.39%	–
LSI	Exit	Life Storage Inc	$0	–	-9,000	–	-0.40%	–
DG	Exit	DOLLAR GENERAL CORP	$0	–	-7,100	–	-0.40%	–
FDS	Exit	FACTSET RESEARCH SYSTEMS INC	$0	–	-3,100	–	-0.42%	–
RJF	Exit	RAYMOND JAMES FINANCIAL INC	$0	–	-12,000	–	-0.42%	–
MMM	Exit	3M CO	$0	–	-12,900	–	-0.43%	–
BFB	Exit	BROWN-FORMAN CORP-CLASS B	$0	–	-20,000	–	-0.45%	–
NDSN	Exit	NORDSON CORP	$0	–	-5,700	–	-0.47%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-8,000	–	-0.59%	–
CSX	Exit	CSX CORP	$0	–	-52,000	–	-0.59%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-6,000	–	-0.71%	–
ORCL	Exit	ORACLE CORP	$0	–	-24,500	–	-0.98%	–

Q2 2023

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$16,542	–	85,280	–	5.55%	–
MSFT	New	MICROSOFT CORP	$13,073	–	38,390	–	4.38%	–
PLD	New	Prologis Inc	$7,340	–	59,858	–	2.46%	–
GOOGL	New	ALPHABET INC-CL A	$4,908	–	41,000	–	1.64%	–
GOOG	New	ALPHABET INC-CL C	$4,548	–	37,600	–	1.52%	–
JNJ	New	JOHNSON and JOHNSON	$4,221	–	25,500	–	1.42%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,182	–	8,700	–	1.40%	–
V	New	VISA INC-CLASS A SHARES	$3,942	–	16,600	–	1.32%	–
PG	New	PROCTER and GAMBLE CO/THE	$3,718	–	24,500	–	1.25%	–
O	New	Realty Income Corp	$3,417	–	57,154	–	1.15%	–
HD	New	HOME DEPOT INC	$3,386	–	10,900	–	1.14%	–
MRK	New	MERCK and CO. INC.	$3,242	–	28,100	–	1.09%	–
PSA	New	Public Storage	$3,010	–	10,313	–	1.01%	–
PEP	New	PEPSICO INC	$3,001	–	16,200	–	1.01%	–
EQIX	New	Equinix Inc	$2,987	–	3,810	–	1.00%	–
WMT	New	WALMART INC	$2,955	–	18,800	–	0.99%	–
ORCL	New	ORACLE CORP	$2,918	–	24,500	–	0.98%	–
COST	New	COSTCO WHOLESALE CORP	$2,907	–	5,400	–	0.98%	–
	New	ROYALTY PHARMA PLC- CL A	$2,821	–	35,608	–	0.95%	–
CSCO	New	CISCO SYSTEMS INC	$2,716	–	52,500	–	0.91%	–
ABBV	New	ABBVIE INC	$2,654	–	19,700	–	0.89%	–
SPG	New	Simon Property Group Inc	$2,634	–	22,806	–	0.88%	–
TXN	New	TEXAS INSTRUMENTS INC	$2,358	–	13,100	–	0.79%	–
DLR	New	Digital Realty Trust Inc	$2,306	–	20,247	–	0.77%	–
LOW	New	LOWE'S COS INC	$2,257	–	10,000	–	0.76%	–
WPC	New	WP Carey Inc	$2,257	–	33,404	–	0.76%	–
CPT	New	Camden Property Trust	$2,203	–	20,231	–	0.74%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$2,196	–	22,500	–	0.74%	–
GLPI	New	Gaming and Leisure Properties Inc	$2,146	–	44,271	–	0.72%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$2,111	–	6,000	–	0.71%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,101	–	56,500	–	0.70%	–
IBM	New	INTL BUSINESS MACHINES CORP	$2,074	–	15,500	–	0.70%	–
QCOM	New	QUALCOMM INC	$2,059	–	17,300	–	0.69%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,046	–	32,000	–	0.69%	–
UPS	New	UNITED PARCEL SERVICE-CL B	$2,043	–	11,400	–	0.68%	–
WELL	New	Welltower Inc	$2,043	–	25,259	–	0.68%	–
MMC	New	MARSH and MCLENNAN COS	$2,012	–	10,700	–	0.68%	–
AVB	New	AvalonBay Communities Inc	$1,969	–	10,402	–	0.66%	–
UNP	New	UNION PACIFIC CORP	$1,944	–	9,500	–	0.65%	–
AMGN	New	AMGEN INC	$1,932	–	8,700	–	0.65%	–
CDNS	New	CADENCE DESIGN SYS INC	$1,876	–	8,000	–	0.63%	–
ZTS	New	ZOETIS INC	$1,825	–	10,600	–	0.61%	–
GILD	New	GILEAD SCIENCES INC	$1,827	–	23,700	–	0.61%	–
ANTM	New	ELEVANCE HEALTH INC	$1,799	–	4,050	–	0.60%	–
ITW	New	ILLINOIS TOOL WORKS	$1,776	–	7,100	–	0.60%	–
CSX	New	CSX CORP	$1,773	–	52,000	–	0.59%	–
ADP	New	AUTOMATIC DATA PROCESSING	$1,758	–	8,000	–	0.59%	–
CL	New	COLGATE-PALMOLIVE CO	$1,726	–	22,400	–	0.58%	–
ORLY	New	O'REILLY AUTOMOTIVE INC	$1,720	–	1,800	–	0.58%	–
MCK	New	MCKESSON CORP	$1,709	–	4,000	–	0.57%	–
EQR	New	Equity Residential	$1,706	–	25,853	–	0.57%	–
T	New	ATandT INC	$1,707	–	107,000	–	0.57%	–
MO	New	ALTRIA GROUP INC	$1,676	–	37,000	–	0.56%	–
MSI	New	MOTOROLA SOLUTIONS INC	$1,672	–	5,700	–	0.56%	–
KMB	New	KIMBERLY-CLARK CORP	$1,671	–	12,100	–	0.56%	–
VTR	New	Ventas Inc	$1,664	–	35,205	–	0.56%	–
GWW	New	WW GRAINGER INC	$1,656	–	2,100	–	0.56%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$1,632	–	6,500	–	0.55%	–
YUM	New	YUM! BRANDS INC	$1,607	–	11,600	–	0.54%	–
CVS	New	CVS HEALTH CORP	$1,590	–	23,000	–	0.53%	–
NVR	New	NVR INC	$1,588	–	250	–	0.53%	–
EA	New	ELECTRONIC ARTS INC	$1,582	–	12,200	–	0.53%	–
LII	New	LENNOX INTERNATIONAL INC	$1,565	–	4,800	–	0.52%	–
FAST	New	FASTENAL CO	$1,563	–	26,500	–	0.52%	–
SNA	New	SNAP-ON INC	$1,556	–	5,400	–	0.52%	–
ABC	New	AMERISOURCEBERGEN CORP	$1,539	–	8,000	–	0.52%	–
FICO	New	FAIR ISAAC CORP	$1,537	–	1,900	–	0.52%	–
NSC	New	NORFOLK SOUTHERN CORP	$1,519	–	6,700	–	0.51%	–
PEAK	New	Healthpeak Properties Inc	$1,502	–	74,707	–	0.50%	–
AFL	New	AFLAC INC	$1,501	–	21,500	–	0.50%	–
CTAS	New	CINTAS CORP	$1,491	–	3,000	–	0.50%	–
NTAP	New	NETAPP INC	$1,490	–	19,500	–	0.50%	–
HSY	New	HERSHEY CO/THE	$1,473	–	5,900	–	0.49%	–
AZO	New	AUTOZONE INC	$1,471	–	590	–	0.49%	–
KR	New	KROGER CO	$1,457	–	31,000	–	0.49%	–
IRM	New	Iron Mountain Inc	$1,449	–	25,500	–	0.49%	–
BAH	New	BOOZ ALLEN HAMILTON HOLDINGS	$1,451	–	13,000	–	0.49%	–
CTSH	New	COGNIZANT TECH SOLUTIONS-A	$1,436	–	22,000	–	0.48%	–
HUM	New	HUMANA INC	$1,431	–	3,200	–	0.48%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GP	$1,428	–	22,800	–	0.48%	–
CMI	New	CUMMINS INC	$1,422	–	5,800	–	0.48%	–
PAYX	New	PAYCHEX INC	$1,415	–	12,650	–	0.47%	–
NDSN	New	NORDSON CORP	$1,415	–	5,700	–	0.47%	–
SRE	New	SEMPRA ENERGY	$1,412	–	9,700	–	0.47%	–
EXC	New	EXELON CORP	$1,406	–	34,500	–	0.47%	–
AMP	New	AMERIPRISE FINANCIAL INC	$1,395	–	4,200	–	0.47%	–
TRV	New	TRAVELERS COS INC/THE	$1,389	–	8,000	–	0.47%	–
EIX	New	EDISON INTERNATIONAL	$1,389	–	20,000	–	0.47%	–
MKL	New	MARKEL CORP	$1,383	–	1,000	–	0.46%	–
AOS	New	SMITH (A.O.) CORP	$1,383	–	19,000	–	0.46%	–
MAS	New	MASCO CORP	$1,360	–	23,700	–	0.46%	–
EBAY	New	EBAY INC	$1,341	–	30,000	–	0.45%	–
ATO	New	ATMOS ENERGY CORP	$1,338	–	11,500	–	0.45%	–
LKQ	New	LKQ CORP	$1,340	–	23,000	–	0.45%	–
KEYS	New	KEYSIGHT TECHNOLOGIES IN	$1,340	–	8,000	–	0.45%	–
BFB	New	BROWN-FORMAN CORP-CLASS B	$1,336	–	20,000	–	0.45%	–
DOV	New	DOVER CORP	$1,329	–	9,000	–	0.45%	–
DGX	New	QUEST DIAGNOSTICS INC	$1,321	–	9,400	–	0.44%	–
K	New	KELLOGG CO	$1,314	–	19,500	–	0.44%	–
INVH	New	Invitation Homes Inc	$1,292	–	37,565	–	0.43%	–
MMM	New	3M CO	$1,291	–	12,900	–	0.43%	–
SJM	New	JM SMUCKER CO/THE	$1,285	–	8,700	–	0.43%	–
EVRG	New	EVERGY INC	$1,285	–	22,000	–	0.43%	–
MAA	New	Mid-America Apartment Communities Inc	$1,283	–	8,450	–	0.43%	–
FE	New	FIRSTENERGY CORP	$1,283	–	33,000	–	0.43%	–
TSCO	New	TRACTOR SUPPLY COMPANY	$1,282	–	5,800	–	0.43%	–
ESS	New	Essex Property Trust Inc	$1,277	–	5,450	–	0.43%	–
AVY	New	AVERY DENNISON CORP	$1,271	–	7,400	–	0.43%	–
	New	Healthcare Realty Trust Inc	$1,265	–	67,082	–	0.42%	–
HIG	New	HARTFORD FINANCIAL SVCS GRP	$1,260	–	17,500	–	0.42%	–
HSIC	New	HENRY SCHEIN INC	$1,257	–	15,500	–	0.42%	–
BBY	New	BEST BUY CO INC	$1,254	–	15,300	–	0.42%	–
MTD	New	METTLER-TOLEDO INTERNATIONAL	$1,246	–	950	–	0.42%	–
KHC	New	KRAFT HEINZ CO/THE	$1,243	–	35,000	–	0.42%	–
RJF	New	RAYMOND JAMES FINANCIAL INC	$1,245	–	12,000	–	0.42%	–
FDS	New	FACTSET RESEARCH SYSTEMS INC	$1,242	–	3,100	–	0.42%	–
CUBE	New	CubeSmart	$1,237	–	27,700	–	0.42%	–
A	New	AGILENT TECHNOLOGIES INC	$1,239	–	10,300	–	0.42%	–
CDW	New	CDW CORP/DE	$1,234	–	6,725	–	0.41%	–
SEIC	New	SEI INVESTMENTS COMPANY	$1,222	–	20,500	–	0.41%	–
ULTA	New	ULTA BEAUTY INC	$1,224	–	2,600	–	0.41%	–
CAG	New	CONAGRA BRANDS INC	$1,214	–	36,000	–	0.41%	–
MOH	New	MOLINA HEALTHCARE INC	$1,205	–	4,000	–	0.40%	–
DG	New	DOLLAR GENERAL CORP	$1,205	–	7,100	–	0.40%	–
LSI	New	Life Storage Inc	$1,197	–	9,000	–	0.40%	–
WRB	New	WR BERKLEY CORP	$1,191	–	20,000	–	0.40%	–
D	New	DOMINION ENERGY INC	$1,191	–	23,000	–	0.40%	–
MET	New	METLIFE INC	$1,187	–	21,000	–	0.40%	–
SRC	New	Spirit Realty Capital Inc	$1,177	–	29,900	–	0.40%	–
JKHY	New	JACK HENRY and ASSOCIATES INC	$1,171	–	7,000	–	0.39%	–
STAG	New	STAG Industrial Inc	$1,168	–	32,563	–	0.39%	–
WAT	New	WATERS CORP	$1,146	–	4,300	–	0.38%	–
GL	New	GLOBE LIFE INC	$1,129	–	10,300	–	0.38%	–
VICI	New	VICI Properties Inc	$1,116	–	35,500	–	0.37%	–
UDR	New	UDR Inc	$1,112	–	25,888	–	0.37%	–
CPB	New	CAMPBELL SOUP CO	$1,097	–	24,000	–	0.37%	–
RHI	New	ROBERT HALF INTL INC	$1,083	–	14,400	–	0.36%	–
MPW	New	Medical Properties Trust Inc	$1,032	–	111,500	–	0.35%	–
BRX	New	Brixmor Property Group Inc	$1,006	–	45,711	–	0.34%	–
ARE	New	Alexandria Real Estate Equities Inc	$959	–	8,450	–	0.32%	–
AIZ	New	ASSURANT INC	$943	–	7,500	–	0.32%	–
PLYM	New	Plymouth Industrial REIT Inc	$898	–	39,027	–	0.30%	–
BNL	New	Broadstone Net Lease Inc	$896	–	58,000	–	0.30%	–
SEE	New	SEALED AIR CORP	$880	–	22,000	–	0.30%	–
OHI	New	Omega Healthcare Investors Inc	$865	–	28,200	–	0.29%	–
SBRA	New	Sabra Health Care REIT Inc	$846	–	71,874	–	0.28%	–
HST	New	Host Hotels and Resorts Inc	$797	–	47,343	–	0.27%	–
AIRC	New	Apartment Income REIT Corp	$782	–	21,657	–	0.26%	–
KRG	New	Kite Realty Group Trust	$768	–	34,400	–	0.26%	–
LXP	New	LXP Industrial Trust	$751	–	77,000	–	0.25%	–
NHI	New	National Health Investors Inc	$734	–	14,000	–	0.25%	–
EPRT	New	Essential Properties Realty Trust Inc	$694	–	29,500	–	0.23%	–
NSA	New	National Storage Affiliates Trust	$648	–	18,600	–	0.22%	–
AMH	New	American Homes 4 Rent	$620	–	17,500	–	0.21%	–
GMRE	New	Global Medical REIT Inc	$586	–	64,200	–	0.20%	–
DOC	New	Physicians Realty Trust	$560	–	40,000	–	0.19%	–
EPR	New	EPR Properties	$562	–	12,000	–	0.19%	–
IRT	New	Independence Realty Trust Inc	$474	–	26,000	–	0.16%	–
UMH	New	UMH Properties Inc	$424	–	26,564	–	0.14%	–
CUZ	New	Cousins Properties Inc	$408	–	17,900	–	0.14%	–
CSR	New	Centerspace	$369	–	6,019	–	0.12%	–
UBA	New	Urstadt Biddle Properties Inc	$361	–	17,000	–	0.12%	–
BXP	New	Boston Properties Inc	$335	–	5,814	–	0.11%	–
BDN	New	Brandywine Realty Trust	$332	–	71,500	–	0.11%	–
GTY	New	Getty Realty Corp	$321	–	9,500	–	0.11%	–
DHC	New	Diversified Healthcare Trust	$322	–	143,100	–	0.11%	–
SKT	New	Tanger Factory Outlet Centers Inc	$298	–	13,500	–	0.10%	–
RLJ	New	RLJ Lodging Trust	$296	–	28,800	–	0.10%	–
FCPT	New	Four Corners Property Trust Inc	$279	–	11,000	–	0.09%	–
IIPR	New	Innovative Industrial Properties Inc	$234	–	3,204	–	0.08%	–
HIW	New	Highwoods Properties Inc	$232	–	9,698	–	0.08%	–
ILPT	New	Industrial Logistics Properties Trust	$220	–	66,572	–	0.07%	–
KIM	New	Kimco Realty Corp	$203	–	10,295	–	0.07%	–
APLE	New	Apple Hospitality REIT Inc	$196	–	13,000	–	0.07%	–
HPP	New	Hudson Pacific Properties Inc	$160	–	38,000	–	0.05%	–
KRC	New	Kilroy Realty Corp	$135	–	4,500	–	0.04%	–
INN	New	Summit Hotel Properties Inc	$122	–	18,700	–	0.04%	–
	New	SL Green Realty Corp	$117	–	3,902	–	0.04%	–
VNO	New	Vornado Realty Trust	$113	–	6,237	–	0.04%	–
GNL	New	Global Net Lease Inc	$98	–	9,492	–	0.03%	–
MAC	New	Macerich Co/The	$98	–	8,692	–	0.03%	–
PEB	New	Pebblebrook Hotel Trust	$89	–	6,355	–	0.03%	–
CLDT	New	Chatham Lodging Trust	$84	–	9,000	–	0.03%	–
	New	DigitalBridge Group Inc	$71	–	4,821	–	0.02%	–
PK	New	Park Hotels and Resorts Inc	$65	–	5,106	–	0.02%	–
PW	New	Power REIT	$49	–	29,948	–	0.02%	–
HT	New	Hersha Hospitality Trust	$49	–	8,000	–	0.02%	–
NYRT	New	NEW YORK REIT INC liquidation shs	$0	–	2,200	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
RVI	Exit	Retail Value Inc	$0	–	-108	–	0.00%	–
NYRT	Exit	NEW YORK REIT INC liquidation shs	$0	–	-2,200	–	0.00%	–
EGP	Exit	EastGroup Properties Inc	$0	–	-422	–	-0.02%	–
HT	Exit	Hersha Hospitality Trust	$0	–	-8,000	–	-0.02%	–
ESRT	Exit	Empire State Realty Trust Inc	$0	–	-10,000	–	-0.02%	–
MAC	Exit	Macerich Co/The	$0	–	-8,692	–	-0.02%	–
KW	Exit	KENNEDY-WILSON HOLDINGS INC	$0	–	-4,509	–	-0.02%	–
CLDT	Exit	Chatham Lodging Trust	$0	–	-9,000	–	-0.03%	–
PEB	Exit	Pebblebrook Hotel Trust	$0	–	-6,355	–	-0.03%	–
PK	Exit	Park Hotels and Resorts Inc	$0	–	-9,106	–	-0.04%	–
SVC	Exit	Service Properties Trust	$0	–	-20,266	–	-0.04%	–
OPI	Exit	Office Properties Income Trust	$0	–	-7,714	–	-0.04%	–
INN	Exit	Summit Hotel Properties Inc	$0	–	-18,700	–	-0.04%	–
AHH	Exit	Armada Hoffler Properties Inc	$0	–	-13,101	–	-0.05%	–
DHC	Exit	Diversified Healthcare Trust	$0	–	-143,100	–	-0.05%	–
OFC	Exit	Corporate Office Properties Trust	$0	–	-6,500	–	-0.05%	–
DEI	Exit	Douglas Emmett Inc	$0	–	-9,000	–	-0.06%	–
APLE	Exit	Apple Hospitality REIT Inc	$0	–	-13,000	–	-0.06%	–
	Exit	DigitalBridge Group Inc	$0	–	-14,821	–	-0.06%	–
SKT	Exit	Tanger Factory Outlet Centers Inc	$0	–	-13,500	–	-0.06%	–
PW	Exit	Power REIT	$0	–	-17,437	–	-0.07%	–
KIM	Exit	Kimco Realty Corp	$0	–	-10,295	–	-0.07%	–
VNO	Exit	Vornado Realty Trust	$0	–	-9,237	–	-0.08%	–
GTY	Exit	Getty Realty Corp	$0	–	-9,500	–	-0.09%	–
UBA	Exit	Urstadt Biddle Properties Inc	$0	–	-17,000	–	-0.09%	–
FCPT	Exit	Four Corners Property Trust Inc	$0	–	-11,000	–	-0.09%	–
KRC	Exit	Kilroy Realty Corp	$0	–	-6,500	–	-0.10%	–
EPR	Exit	EPR Properties	$0	–	-7,800	–	-0.10%	–
IRT	Exit	Independence Realty Trust Inc	$0	–	-17,000	–	-0.10%	–
NHI	Exit	National Health Investors Inc	$0	–	-5,100	–	-0.10%	–
RLJ	Exit	RLJ Lodging Trust	$0	–	-28,800	–	-0.10%	–
	Exit	SL Green Realty Corp	$0	–	-7,902	–	-0.11%	–
DOC	Exit	Physicians Realty Trust	$0	–	-24,000	–	-0.13%	–
ILPT	Exit	Industrial Logistics Properties Trust	$0	–	-66,572	–	-0.13%	–
HIW	Exit	Highwoods Properties Inc	$0	–	-13,698	–	-0.13%	–
GMRE	Exit	Global Medical REIT Inc	$0	–	-48,200	–	-0.14%	–
NSA	Exit	National Storage Affiliates Trust	$0	–	-9,900	–	-0.14%	–
HPP	Exit	Hudson Pacific Properties Inc	$0	–	-38,000	–	-0.15%	–
BXP	Exit	Boston Properties Inc	$0	–	-5,814	–	-0.15%	–
EPRT	Exit	Essential Properties Realty Trust Inc	$0	–	-23,500	–	-0.16%	–
IIPR	Exit	Innovative Industrial Properties Inc	$0	–	-5,304	–	-0.16%	–
GNL	Exit	Global Net Lease Inc	$0	–	-44,492	–	-0.17%	–
CSR	Exit	Centerspace	$0	–	-7,019	–	-0.17%	–
BDN	Exit	Brandywine Realty Trust	$0	–	-71,500	–	-0.17%	–
CUZ	Exit	Cousins Properties Inc	$0	–	-20,900	–	-0.17%	–
UMH	Exit	UMH Properties Inc	$0	–	-30,564	–	-0.17%	–
KRG	Exit	Kite Realty Group Trust	$0	–	-34,400	–	-0.21%	–
AMH	Exit	American Homes 4 Rent	$0	–	-20,500	–	-0.24%	–
PLYM	Exit	Plymouth Industrial REIT Inc	$0	–	-43,027	–	-0.26%	–
AIRC	Exit	Apartment Income REIT Corp	$0	–	-20,157	–	-0.27%	–
LXP	Exit	LXP Industrial Trust	$0	–	-90,000	–	-0.29%	–
SBRA	Exit	Sabra Health Care REIT Inc	$0	–	-62,874	–	-0.29%	–
	Exit	Healthcare Realty Trust Inc	$0	–	-40,082	–	-0.30%	–
AGNC	Exit	AGNC Investment Corp	$0	–	-104,000	–	-0.31%	–
	Exit	Annaly Capital Management Inc	$0	–	-51,250	–	-0.31%	–
BRX	Exit	Brixmor Property Group Inc	$0	–	-51,711	–	-0.34%	–
SEE	Exit	SEALED AIR CORP	$0	–	-22,000	–	-0.34%	–
HST	Exit	Host Hotels and Resorts Inc	$0	–	-62,343	–	-0.35%	–
GLPI	Exit	Gaming and Leisure Properties Inc	$0	–	-22,871	–	-0.36%	–
AOS	Exit	SMITH (A.O.) CORP	$0	–	-21,000	–	-0.36%	–
STAG	Exit	STAG Industrial Inc	$0	–	-36,563	–	-0.37%	–
VICI	Exit	VICI Properties Inc	$0	–	-35,500	–	-0.37%	–
UDR	Exit	UDR Inc	$0	–	-25,888	–	-0.38%	–
SRC	Exit	Spirit Realty Capital Inc	$0	–	-29,900	–	-0.38%	–
MKL	Exit	MARKEL CORP	$0	–	-1,000	–	-0.38%	–
AIZ	Exit	ASSURANT INC	$0	–	-7,500	–	-0.38%	–
DRE	Exit	Duke Realty Corp	$0	–	-22,707	–	-0.38%	–
BBY	Exit	BEST BUY CO INC	$0	–	-17,300	–	-0.39%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-14,400	–	-0.39%	–
CPT	Exit	Camden Property Trust	$0	–	-9,231	–	-0.39%	–
CUBE	Exit	CubeSmart	$0	–	-27,700	–	-0.39%	–
STOR	Exit	STORE Capital Corp	$0	–	-35,500	–	-0.39%	–
HSIC	Exit	HENRY SCHEIN INC	$0	–	-17,000	–	-0.39%	–
IRM	Exit	Iron Mountain Inc	$0	–	-25,500	–	-0.40%	–
OHI	Exit	Omega Healthcare Investors Inc	$0	–	-38,700	–	-0.40%	–
WAT	Exit	WATERS CORP	$0	–	-4,300	–	-0.41%	–
ARE	Exit	Alexandria Real Estate Equities Inc	$0	–	-8,450	–	-0.42%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-22,000	–	-0.42%	–
NVR	Exit	NVR INC	$0	–	-300	–	-0.42%	–
MAS	Exit	MASCO CORP	$0	–	-25,700	–	-0.42%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-7,400	–	-0.42%	–
LSI	Exit	Life Storage Inc	$0	–	-10,900	–	-0.42%	–
NTAP	Exit	NETAPP INC	$0	–	-19,500	–	-0.42%	–
MPW	Exit	Medical Properties Trust Inc	$0	–	-103,000	–	-0.43%	–
PEAK	Exit	Healthpeak Properties Inc	$0	–	-53,507	–	-0.43%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-10,000	–	-0.43%	–
SEIC	Exit	SEI INVESTMENTS COMPANY	$0	–	-25,000	–	-0.43%	–
LII	Exit	LENNOX INTERNATIONAL INC	$0	–	-5,600	–	-0.44%	–
ESS	Exit	Essex Property Trust Inc	$0	–	-5,200	–	-0.44%	–
CTSH	Exit	COGNIZANT TECH SOLUTIONS-A	$0	–	-22,000	–	-0.44%	–
CAG	Exit	CONAGRA BRANDS INC	$0	–	-39,000	–	-0.45%	–
JKHY	Exit	JACK HENRY and ASSOCIATES INC	$0	–	-7,000	–	-0.45%	–
DOV	Exit	DOVER CORP	$0	–	-11,000	–	-0.45%	–
EXC	Exit	EXELON CORP	$0	–	-34,500	–	-0.46%	–
WRB	Exit	WR BERKLEY CORP	$0	–	-20,000	–	-0.46%	–
GL	Exit	GLOBE LIFE INC	$0	–	-13,000	–	-0.46%	–
EIX	Exit	EDISON INTERNATIONAL	$0	–	-23,000	–	-0.46%	–
HIG	Exit	HARTFORD FINANCIAL SVCS GRP	$0	–	-21,000	–	-0.46%	–
TSCO	Exit	TRACTOR SUPPLY COMPANY	$0	–	-7,000	–	-0.46%	–
MAA	Exit	Mid-America Apartment Communities Inc	$0	–	-8,450	–	-0.46%	–
PPL	Exit	PPL CORP	$0	–	-51,700	–	-0.46%	–
CDW	Exit	CDW CORP/DE	$0	–	-8,425	–	-0.46%	–
MCO	Exit	MOODY'S CORP	$0	–	-5,400	–	-0.46%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-3,600	–	-0.46%	–
BFB	Exit	BROWN-FORMAN CORP-CLASS B	$0	–	-20,000	–	-0.47%	–
FAST	Exit	FASTENAL CO	$0	–	-29,000	–	-0.47%	–
MTD	Exit	METTLER-TOLEDO INTERNATIONAL	$0	–	-1,250	–	-0.48%	–
INVH	Exit	Invitation Homes Inc	$0	–	-40,065	–	-0.48%	–
KR	Exit	KROGER CO	$0	–	-31,000	–	-0.48%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-12,100	–	-0.48%	–
YUM	Exit	YUM! BRANDS INC	$0	–	-12,800	–	-0.48%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GP	$0	–	-24,300	–	-0.48%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-37,000	–	-0.48%	–
ODFL	Exit	OLD DOMINION FREIGHT LINE	$0	–	-5,500	–	-0.48%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-13,500	–	-0.48%	–
NDSN	Exit	NORDSON CORP	$0	–	-6,500	–	-0.49%	–
FDS	Exit	FACTSET RESEARCH SYSTEMS INC	$0	–	-3,500	–	-0.49%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-12,200	–	-0.50%	–
VTR	Exit	Ventas Inc	$0	–	-35,205	–	-0.50%	–
GWW	Exit	WW GRAINGER INC	$0	–	-2,900	–	-0.50%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-19,400	–	-0.50%	–
MMM	Exit	3M CO	$0	–	-12,900	–	-0.50%	–
ULTA	Exit	ULTA BEAUTY INC	$0	–	-3,600	–	-0.51%	–
KLAC	Exit	KLA CORP	$0	–	-4,800	–	-0.51%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-31,000	–	-0.52%	–
SJM	Exit	JM SMUCKER CO/THE	$0	–	-10,700	–	-0.52%	–
RJF	Exit	RAYMOND JAMES FINANCIAL INC	$0	–	-15,000	–	-0.52%	–
CMI	Exit	CUMMINS INC	$0	–	-7,300	–	-0.52%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-7,200	–	-0.53%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-12,500	–	-0.54%	–
AMP	Exit	AMERIPRISE FINANCIAL INC	$0	–	-6,100	–	-0.54%	–
BLK	Exit	BLACKROCK INC	$0	–	-2,800	–	-0.54%	–
CSX	Exit	CSX CORP	$0	–	-58,000	–	-0.54%	–
AFL	Exit	AFLAC INC	$0	–	-27,500	–	-0.54%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-19,000	–	-0.55%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-7,000	–	-0.55%	–
K	Exit	KELLOGG CO	$0	–	-22,500	–	-0.55%	–
ZTS	Exit	ZOETIS INC	$0	–	-10,600	–	-0.55%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-22,400	–	-0.56%	–
D	Exit	DOMINION ENERGY INC	$0	–	-23,000	–	-0.56%	–
EQR	Exit	Equity Residential	$0	–	-23,853	–	-0.56%	–
TGT	Exit	TARGET CORP	$0	–	-10,900	–	-0.57%	–
WELL	Exit	Welltower Inc	$0	–	-25,259	–	-0.57%	–
ALL	Exit	ALLSTATE CORP	$0	–	-13,100	–	-0.58%	–
T	Exit	ATandT INC	$0	–	-107,000	–	-0.58%	–
PAYX	Exit	PAYCHEX INC	$0	–	-14,650	–	-0.58%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-9,100	–	-0.58%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-41,000	–	-0.58%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC	$0	–	-2,400	–	-0.60%	–
SRE	Exit	SEMPRA ENERGY	$0	–	-11,500	–	-0.61%	–
HSY	Exit	HERSHEY CO/THE	$0	–	-7,900	–	-0.61%	–
BAH	Exit	BOOZ ALLEN HAMILTON HOLDINGS	$0	–	-19,000	–	-0.62%	–
ORCL	Exit	ORACLE CORP	$0	–	-29,000	–	-0.62%	–
DLR	Exit	Digital Realty Trust Inc	$0	–	-18,347	–	-0.64%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-29,700	–	-0.64%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-24,000	–	-0.65%	–
IBM	Exit	INTL BUSINESS MACHINES CORP	$0	–	-15,500	–	-0.65%	–
AZO	Exit	AUTOZONE INC	$0	–	-870	–	-0.66%	–
MMC	Exit	MARSH and MCLENNAN COS	$0	–	-12,700	–	-0.67%	–
AVB	Exit	AvalonBay Communities Inc	$0	–	-10,402	–	-0.68%	–
UPS	Exit	UNITED PARCEL SERVICE-CL B	$0	–	-12,000	–	-0.68%	–
HUM	Exit	HUMANA INC	$0	–	-4,000	–	-0.68%	–
ANTM	Exit	ELEVANCE HEALTH INC	$0	–	-4,350	–	-0.70%	–
DG	Exit	DOLLAR GENERAL CORP	$0	–	-8,300	–	-0.70%	–
QCOM	Exit	QUALCOMM INC	$0	–	-18,000	–	-0.72%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-24,500	–	-0.72%	–
SPG	Exit	Simon Property Group Inc	$0	–	-22,806	–	-0.72%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-10,500	–	-0.72%	–
LOW	Exit	LOWE'S COS INC	$0	–	-11,000	–	-0.73%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-56,500	–	-0.76%	–
EQIX	Exit	Equinix Inc	$0	–	-3,810	–	-0.76%	–
VRTX	Exit	VERTEX PHARMACEUTICALS INC	$0	–	-7,500	–	-0.76%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-23,000	–	-0.77%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-14,400	–	-0.78%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-56,500	–	-0.80%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-10,000	–	-0.80%	–
AMGN	Exit	AMGEN INC	$0	–	-10,300	–	-0.82%	–
WPC	Exit	WP Carey Inc	$0	–	-34,204	–	-0.84%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-36,000	–	-0.90%	–
	Exit	SEAGATE TECHNOLOGY HOLDINGS	$0	–	-22,500	–	-0.91%	–
WMT	Exit	WALMART INC	$0	–	-21,300	–	-0.97%	–
COST	Exit	COSTCO WHOLESALE CORP	$0	–	-6,000	–	-1.00%	–
PEP	Exit	PEPSICO INC	$0	–	-17,700	–	-1.02%	–
MRK	Exit	MERCK and CO. INC.	$0	–	-34,500	–	-1.05%	–
PSA	Exit	Public Storage	$0	–	-10,313	–	-1.06%	–
ABBV	Exit	ABBVIE INC	$0	–	-23,000	–	-1.09%	–
V	Exit	VISA INC-CLASS A SHARES	$0	–	-17,800	–	-1.11%	–
HD	Exit	HOME DEPOT INC	$0	–	-11,600	–	-1.13%	–
O	Exit	Realty Income Corp	$0	–	-56,154	–	-1.15%	–
PG	Exit	PROCTER and GAMBLE CO/THE	$0	–	-26,500	–	-1.18%	–
GOOG	Exit	ALPHABET INC-CL C	$0	–	-43,600	–	-1.48%	–
JNJ	Exit	JOHNSON and JOHNSON	$0	–	-27,500	–	-1.58%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-9,900	–	-1.76%	–
PLD	Exit	Prologis Inc	$0	–	-51,572	–	-1.85%	–
GOOGL	Exit	ALPHABET INC-CL A	$0	–	-55,000	–	-1.85%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-41,390	–	-3.40%	–
AAPL	Exit	APPLE INC	$0	–	-94,280	–	-4.59%	–

Q3 2022

			Value		Shares		↓ Weighting
GOOGL	Buy	ALPHABET INC-CL A	$5,261,000	-12.2%	55,000	+1900.0%	1.85%	-3.1%
PLD	Sell	Prologis Inc	$5,240,000	-15.4%	51,572	-2.1%	1.85%	-6.8%
GOOG	Buy	ALPHABET INC-CL C	$4,192,000	-12.1%	43,600	+1900.0%	1.48%	-3.0%
	Sell	SEAGATE TECHNOLOGY HOLDINGS	$2,593,000	-39.2%	22,500	-35.0%	0.91%	-32.9%
WPC	Sell	WP Carey Inc	$2,388,000	-18.1%	34,204	-2.8%	0.84%	-9.8%
CVS	New	CVS HEALTH CORP	$2,194,000	–	23,000	–	0.77%	–
AVB	Sell	AvalonBay Communities Inc	$1,916,000	-8.7%	10,402	-3.7%	0.68%	+0.7%
IBM	New	INTL BUSINESS MACHINES CORP	$1,842,000	–	15,500	–	0.65%	–
DLR	Sell	Digital Realty Trust Inc	$1,820,000	-27.9%	18,347	-5.7%	0.64%	-20.6%
ORCL	New	ORACLE CORP	$1,771,000	–	29,000	–	0.62%	–
WELL	Sell	Welltower Inc	$1,625,000	-24.8%	25,259	-3.8%	0.57%	-17.1%
EQR	Sell	Equity Residential	$1,603,000	-10.7%	23,853	-4.0%	0.56%	-1.4%
NSC	New	NORFOLK SOUTHERN CORP	$1,509,000	–	7,200	–	0.53%	–
RJF	New	RAYMOND JAMES FINANCIAL INC	$1,482,000	–	15,000	–	0.52%	–
ULTA	New	ULTA BEAUTY INC	$1,444,000	–	3,600	–	0.51%	–
FE	New	FIRSTENERGY CORP	$1,369,000	–	37,000	–	0.48%	–
KR	New	KROGER CO	$1,356,000	–	31,000	–	0.48%	–
INVH	Sell	Invitation Homes Inc	$1,353,000	-17.4%	40,065	-13.0%	0.48%	-9.0%
FAST	New	FASTENAL CO	$1,335,000	–	29,000	–	0.47%	–
BFB	New	BROWN-FORMAN CORP-CLASS B	$1,331,000	–	20,000	–	0.47%	–
HIG	New	HARTFORD FINANCIAL SVCS GRP	$1,301,000	–	21,000	–	0.46%	–
EIX	New	EDISON INTERNATIONAL	$1,301,000	–	23,000	–	0.46%	–
GL	New	GLOBE LIFE INC	$1,296,000	–	13,000	–	0.46%	–
WRB	New	WR BERKLEY CORP	$1,292,000	–	20,000	–	0.46%	–
DOV	New	DOVER CORP	$1,282,000	–	11,000	–	0.45%	–
JKHY	New	JACK HENRY and ASSOCIATES INC	$1,276,000	–	7,000	–	0.45%	–
CAG	New	CONAGRA BRANDS INC	$1,273,000	–	39,000	–	0.45%	–
DGX	New	QUEST DIAGNOSTICS INC	$1,227,000	–	10,000	–	0.43%	–
PEAK	Buy	Healthpeak Properties Inc	$1,226,000	-8.2%	53,507	+3.9%	0.43%	+1.4%
MPW	Buy	Medical Properties Trust Inc	$1,222,000	-3.6%	103,000	+24.1%	0.43%	+6.4%
OHI	Sell	Omega Healthcare Investors Inc	$1,141,000	-7.4%	38,700	-11.4%	0.40%	+2.0%
HSIC	New	HENRY SCHEIN INC	$1,118,000	–	17,000	–	0.39%	–
STOR	Sell	STORE Capital Corp	$1,112,000	+18.4%	35,500	-1.4%	0.39%	+30.7%
CUBE	Sell	CubeSmart	$1,110,000	-10.4%	27,700	-4.5%	0.39%	-1.3%
CPT	Buy	Camden Property Trust	$1,103,000	-6.0%	9,231	+5.7%	0.39%	+3.7%
AIZ	New	ASSURANT INC	$1,090,000	–	7,500	–	0.38%	–
MKL	New	MARKEL CORP	$1,084,000	–	1,000	–	0.38%	–
SRC	Buy	Spirit Realty Capital Inc	$1,081,000	+0.7%	29,900	+5.3%	0.38%	+11.1%
VICI	Sell	VICI Properties Inc	$1,060,000	-5.1%	35,500	-5.3%	0.37%	+4.5%
STAG	Buy	STAG Industrial Inc	$1,039,000	-2.6%	36,563	+5.8%	0.37%	+7.3%
GLPI	Sell	Gaming and Leisure Properties Inc	$1,012,000	-19.7%	22,871	-16.7%	0.36%	-11.2%
	New	Annaly Capital Management Inc	$879,000	–	51,250	–	0.31%	–
	New	Healthcare Realty Trust Inc	$836,000	–	40,082	–	0.30%	–
SBRA	Sell	Sabra Health Care REIT Inc	$825,000	-13.0%	62,874	-7.4%	0.29%	-4.0%
LXP	Buy	LXP Industrial Trust	$824,000	-9.7%	90,000	+5.9%	0.29%	-0.7%
AIRC	Buy	Apartment Income REIT Corp	$778,000	+0.3%	20,157	+8.0%	0.27%	+10.5%
PLYM	Sell	Plymouth Industrial REIT Inc	$723,000	-5.2%	43,027	-1.1%	0.26%	+4.5%
AMH	Sell	American Homes 4 Rent	$673,000	-29.7%	20,500	-24.1%	0.24%	-22.5%
KRG	Buy	Kite Realty Group Trust	$592,000	+64.0%	34,400	+64.6%	0.21%	+81.7%
UMH	Buy	UMH Properties Inc	$494,000	+13.8%	30,564	+24.4%	0.17%	+25.2%
CUZ	Sell	Cousins Properties Inc	$488,000	-36.8%	20,900	-20.8%	0.17%	-30.4%
GNL	Sell	Global Net Lease Inc	$474,000	-38.6%	44,492	-18.4%	0.17%	-32.4%
IIPR	Buy	Innovative Industrial Properties Inc	$469,000	+150.8%	5,304	+211.3%	0.16%	+175.0%
EPRT	Buy	Essential Properties Realty Trust Inc	$457,000	+41.9%	23,500	+56.7%	0.16%	+56.3%
HPP	Buy	Hudson Pacific Properties Inc	$416,000	-6.5%	38,000	+26.7%	0.15%	+3.5%
GMRE	Buy	Global Medical REIT Inc	$411,000	+72.7%	48,200	+127.4%	0.14%	+90.8%
NSA	New	National Storage Affiliates Trust	$412,000	–	9,900	–	0.14%	–
HIW	Sell	Highwoods Properties Inc	$369,000	-32.2%	13,698	-13.8%	0.13%	-25.3%
ILPT	Buy	Industrial Logistics Properties Trust	$366,000	-57.1%	66,572	+9.9%	0.13%	-52.6%
DOC	Sell	Physicians Realty Trust	$361,000	-26.2%	24,000	-14.3%	0.13%	-18.6%
NHI	Sell	National Health Investors Inc	$288,000	-52.9%	5,100	-49.5%	0.10%	-48.2%
IRT	Sell	Independence Realty Trust Inc	$284,000	-31.6%	17,000	-15.0%	0.10%	-24.8%
EPR	Buy	EPR Properties	$280,000	-5.4%	7,800	+23.8%	0.10%	+4.2%
FCPT	Sell	Four Corners Property Trust Inc	$266,000	-23.1%	11,000	-15.4%	0.09%	-15.3%
GTY	New	Getty Realty Corp	$255,000	–	9,500	–	0.09%	–
VNO	Sell	Vornado Realty Trust	$214,000	-33.3%	9,237	-17.8%	0.08%	-27.2%
	New	DigitalBridge Group Inc	$185,000	–	14,821	–	0.06%	–
OFC	Sell	Corporate Office Properties Trust	$151,000	-67.0%	6,500	-62.9%	0.05%	-63.7%
KW	Sell	KENNEDY-WILSON HOLDINGS INC	$70,000	-56.5%	4,509	-47.0%	0.02%	-51.0%
ESRT	Sell	Empire State Realty Trust Inc	$66,000	-67.6%	10,000	-65.5%	0.02%	-64.6%
AIV	Exit	Apartment Investment and Management Co	$0	–	-27,557	–	-0.06%	–
DBRG	Exit	DigitalBridge Group Inc	$0	–	-59,286	–	-0.09%	–
HR	Exit	Healthcare Realty Trust Inc	$0	–	-18,582	–	-0.16%	–
HTA	Exit	Healthcare Trust of America Inc	$0	–	-19,500	–	-0.17%	–
ACC	Exit	American Campus Communities Inc	$0	–	-10,300	–	-0.21%	–
FFIV	Exit	F5 INC	$0	–	-6,800	–	-0.33%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-12,000	–	-0.36%	–
TER	Exit	TERADYNE INC	$0	–	-12,500	–	-0.36%	–
EBAY	Exit	EBAY INC	$0	–	-29,000	–	-0.39%	–
NLY	Exit	Annaly Capital Management Inc	$0	–	-205,000	–	-0.39%	–
TROW	Exit	T ROWE PRICE GROUP INC	$0	–	-10,800	–	-0.39%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-13,800	–	-0.43%	–
SHW	Exit	SHERWIN-WILLIAMS CO/THE	$0	–	-6,350	–	-0.45%	–
KDP	Exit	KEURIG DR PEPPER INC	$0	–	-42,000	–	-0.48%	–
BX	Exit	BLACKSTONE INC	$0	–	-16,500	–	-0.48%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-18,000	–	-0.49%	–
SPGI	Exit	SandP GLOBAL INC	$0	–	-4,700	–	-0.51%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-2,800	–	-0.53%	–
WM	Exit	WASTE MANAGEMENT INC	$0	–	-11,500	–	-0.56%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-19,000	–	-0.58%	–
BDX	Exit	BECTON DICKINSON AND CO	$0	–	-7,500	–	-0.59%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC-A	$0	–	-31,000	–	-0.62%	–
MCK	Exit	MCKESSON CORP	$0	–	-6,000	–	-0.62%	–
MCD	Exit	MCDONALD'S CORP	$0	–	-10,400	–	-0.82%	–
FB	Exit	Meta Platforms Inc	$0	–	-22,000	–	-1.13%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC-CL B	$0	–	-14,100	–	-1.23%	–

Q2 2022

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$12,890,000	–	94,280	–	4.12%	–
MSFT	New	MICROSOFT CORP	$10,630,000	–	41,390	–	3.40%	–
PLD	New	Prologis Inc	$6,197,000	–	52,672	–	1.98%	–
GOOGL	New	ALPHABET INC-CL A	$5,993,000	–	2,750	–	1.91%	–
UNH	New	UNITEDHEALTH GROUP INC	$5,085,000	–	9,900	–	1.62%	–
JNJ	New	JOHNSON and JOHNSON	$4,882,000	–	27,500	–	1.56%	–
GOOG	New	ALPHABET INC-CL C	$4,769,000	–	2,180	–	1.52%	–
	New	TE CONNECTIVITY LTD	$4,265,000	–	34,600	–	1.36%	–
BRKB	New	BERKSHIRE HATHAWAY INC-CL B	$3,850,000	–	14,100	–	1.23%	–
O	New	Realty Income Corp	$3,833,000	–	56,154	–	1.22%	–
PG	New	PROCTER and GAMBLE CO/THE	$3,810,000	–	26,500	–	1.22%	–
FB	New	Meta Platforms Inc	$3,548,000	–	22,000	–	1.13%	–
ABBV	New	ABBVIE INC	$3,523,000	–	23,000	–	1.12%	–
V	New	VISA INC-CLASS A SHARES	$3,505,000	–	17,800	–	1.12%	–
PSA	New	Public Storage	$3,225,000	–	10,313	–	1.03%	–
HD	New	HOME DEPOT INC	$3,182,000	–	11,600	–	1.02%	–
MRK	New	MERCK and CO. INC.	$3,145,000	–	34,500	–	1.00%	–
PEP	New	PEPSICO INC	$2,950,000	–	17,700	–	0.94%	–
WPC	New	WP Carey Inc	$2,917,000	–	35,204	–	0.93%	–
COST	New	COSTCO WHOLESALE CORP	$2,876,000	–	6,000	–	0.92%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,867,000	–	56,500	–	0.92%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,772,000	–	36,000	–	0.88%	–
WMT	New	WALMART INC	$2,590,000	–	21,300	–	0.83%	–
MCD	New	MCDONALD'S CORP	$2,568,000	–	10,400	–	0.82%	–
DLR	New	Digital Realty Trust Inc	$2,525,000	–	19,447	–	0.81%	–
AMGN	New	AMGEN INC	$2,506,000	–	10,300	–	0.80%	–
EQIX	New	Equinix Inc	$2,503,000	–	3,810	–	0.80%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$2,419,000	–	24,500	–	0.77%	–
CSCO	New	CISCO SYSTEMS INC	$2,409,000	–	56,500	–	0.77%	–
QCOM	New	QUALCOMM INC	$2,299,000	–	18,000	–	0.73%	–
T	New	ATandT INC	$2,243,000	–	107,000	–	0.72%	–
UNP	New	UNION PACIFIC CORP	$2,239,000	–	10,500	–	0.72%	–
TXN	New	TEXAS INSTRUMENTS INC	$2,213,000	–	14,400	–	0.71%	–
UPS	New	UNITED PARCEL SERVICE-CL B	$2,190,000	–	12,000	–	0.70%	–
SPG	New	Simon Property Group Inc	$2,165,000	–	22,806	–	0.69%	–
WELL	New	Welltower Inc	$2,162,000	–	26,259	–	0.69%	–
VRTX	New	VERTEX PHARMACEUTICALS INC	$2,113,000	–	7,500	–	0.68%	–
ADP	New	AUTOMATIC DATA PROCESSING	$2,100,000	–	10,000	–	0.67%	–
ANTM	New	ELEVANCE HEALTH INC	$2,099,000	–	4,350	–	0.67%	–
AVB	New	AvalonBay Communities Inc	$2,098,000	–	10,802	–	0.67%	–
DG	New	DOLLAR GENERAL CORP	$2,037,000	–	8,300	–	0.65%	–
MMC	New	MARSH and MCLENNAN COS	$1,972,000	–	12,700	–	0.63%	–
MCK	New	MCKESSON CORP	$1,957,000	–	6,000	–	0.62%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC-A	$1,925,000	–	31,000	–	0.62%	–
LOW	New	LOWE'S COS INC	$1,921,000	–	11,000	–	0.61%	–
HUM	New	HUMANA INC	$1,872,000	–	4,000	–	0.60%	–
AZO	New	AUTOZONE INC	$1,870,000	–	870	–	0.60%	–
BDX	New	BECTON DICKINSON AND CO	$1,849,000	–	7,500	–	0.59%	–
GILD	New	GILEAD SCIENCES INC	$1,836,000	–	29,700	–	0.59%	–
D	New	DOMINION ENERGY INC	$1,836,000	–	23,000	–	0.59%	–
ZTS	New	ZOETIS INC	$1,822,000	–	10,600	–	0.58%	–
VTR	New	Ventas Inc	$1,811,000	–	35,205	–	0.58%	–
GIS	New	GENERAL MILLS INC	$1,811,000	–	24,000	–	0.58%	–
ED	New	CONSOLIDATED EDISON INC	$1,807,000	–	19,000	–	0.58%	–
EQR	New	Equity Residential	$1,795,000	–	24,853	–	0.57%	–
CL	New	COLGATE-PALMOLIVE CO	$1,795,000	–	22,400	–	0.57%	–
WM	New	WASTE MANAGEMENT INC	$1,759,000	–	11,500	–	0.56%	–
AMAT	New	APPLIED MATERIALS INC	$1,729,000	–	19,000	–	0.55%	–
SRE	New	SEMPRA ENERGY	$1,728,000	–	11,500	–	0.55%	–
BAH	New	BOOZ ALLEN HAMILTON HOLDINGS	$1,717,000	–	19,000	–	0.55%	–
MO	New	ALTRIA GROUP INC	$1,713,000	–	41,000	–	0.55%	–
BLK	New	BLACKROCK INC	$1,705,000	–	2,800	–	0.54%	–
HSY	New	HERSHEY CO/THE	$1,700,000	–	7,900	–	0.54%	–
CSX	New	CSX CORP	$1,685,000	–	58,000	–	0.54%	–
PAYX	New	PAYCHEX INC	$1,668,000	–	14,650	–	0.53%	–
MMM	New	3M CO	$1,669,000	–	12,900	–	0.53%	–
ALL	New	ALLSTATE CORP	$1,660,000	–	13,100	–	0.53%	–
ITW	New	ILLINOIS TOOL WORKS	$1,658,000	–	9,100	–	0.53%	–
REGN	New	REGENERON PHARMACEUTICALS	$1,655,000	–	2,800	–	0.53%	–
INVH	New	Invitation Homes Inc	$1,639,000	–	46,065	–	0.52%	–
KMB	New	KIMBERLY-CLARK CORP	$1,635,000	–	12,100	–	0.52%	–
K	New	KELLOGG CO	$1,605,000	–	22,500	–	0.51%	–
SPGI	New	SandP GLOBAL INC	$1,584,000	–	4,700	–	0.51%	–
EXC	New	EXELON CORP	$1,564,000	–	34,500	–	0.50%	–
EMR	New	EMERSON ELECTRIC CO	$1,543,000	–	19,400	–	0.49%	–
TGT	New	TARGET CORP	$1,539,000	–	10,900	–	0.49%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GP	$1,538,000	–	24,300	–	0.49%	–
LRCX	New	LAM RESEARCH CORP	$1,534,000	–	3,600	–	0.49%	–
KLAC	New	KLA CORP	$1,532,000	–	4,800	–	0.49%	–
AFL	New	AFLAC INC	$1,522,000	–	27,500	–	0.49%	–
ES	New	EVERSOURCE ENERGY	$1,520,000	–	18,000	–	0.49%	–
ORLY	New	O'REILLY AUTOMOTIVE INC	$1,516,000	–	2,400	–	0.48%	–
ATO	New	ATMOS ENERGY CORP	$1,513,000	–	13,500	–	0.48%	–
BX	New	BLACKSTONE INC	$1,505,000	–	16,500	–	0.48%	–
CPB	New	CAMPBELL SOUP CO	$1,490,000	–	31,000	–	0.48%	–
KDP	New	KEURIG DR PEPPER INC	$1,486,000	–	42,000	–	0.48%	–
CTSH	New	COGNIZANT TECH SOLUTIONS-A	$1,485,000	–	22,000	–	0.47%	–
EA	New	ELECTRONIC ARTS INC	$1,484,000	–	12,200	–	0.47%	–
A	New	AGILENT TECHNOLOGIES INC	$1,485,000	–	12,500	–	0.47%	–
MAA	New	Mid-America Apartment Communities Inc	$1,476,000	–	8,450	–	0.47%	–
MCO	New	MOODY'S CORP	$1,469,000	–	5,400	–	0.47%	–
MSI	New	MOTOROLA SOLUTIONS INC	$1,467,000	–	7,000	–	0.47%	–
YUM	New	YUM! BRANDS INC	$1,453,000	–	12,800	–	0.46%	–
AMP	New	AMERIPRISE FINANCIAL INC	$1,450,000	–	6,100	–	0.46%	–
MTD	New	METTLER-TOLEDO INTERNATIONAL	$1,436,000	–	1,250	–	0.46%	–
WAT	New	WATERS CORP	$1,423,000	–	4,300	–	0.46%	–
SHW	New	SHERWIN-WILLIAMS CO/THE	$1,422,000	–	6,350	–	0.45%	–
BAX	New	BAXTER INTERNATIONAL INC	$1,413,000	–	22,000	–	0.45%	–
CMI	New	CUMMINS INC	$1,413,000	–	7,300	–	0.45%	–
ODFL	New	OLD DOMINION FREIGHT LINE	$1,410,000	–	5,500	–	0.45%	–
PPL	New	PPL CORP	$1,403,000	–	51,700	–	0.45%	–
SJM	New	JM SMUCKER CO/THE	$1,370,000	–	10,700	–	0.44%	–
ESS	New	Essex Property Trust Inc	$1,360,000	–	5,200	–	0.43%	–
TSCO	New	TRACTOR SUPPLY COMPANY	$1,357,000	–	7,000	–	0.43%	–
SEIC	New	SEI INVESTMENTS COMPANY	$1,351,000	–	25,000	–	0.43%	–
FDS	New	FACTSET RESEARCH SYSTEMS INC	$1,346,000	–	3,500	–	0.43%	–
CTXS	New	CITRIX SYSTEMS INC	$1,341,000	–	13,800	–	0.43%	–
PEAK	New	Healthpeak Properties Inc	$1,335,000	–	51,507	–	0.43%	–
CDW	New	CDW CORP/DE	$1,327,000	–	8,425	–	0.42%	–
GWW	New	WW GRAINGER INC	$1,318,000	–	2,900	–	0.42%	–
NDSN	New	NORDSON CORP	$1,316,000	–	6,500	–	0.42%	–
MAS	New	MASCO CORP	$1,300,000	–	25,700	–	0.42%	–
NTAP	New	NETAPP INC	$1,272,000	–	19,500	–	0.41%	–
SEE	New	SEALED AIR CORP	$1,270,000	–	22,000	–	0.41%	–
MPW	New	Medical Properties Trust Inc	$1,267,000	–	83,000	–	0.40%	–
GLPI	New	Gaming and Leisure Properties Inc	$1,260,000	–	27,471	–	0.40%	–
DRE	New	Duke Realty Corp	$1,248,000	–	22,707	–	0.40%	–
IRM	New	Iron Mountain Inc	$1,242,000	–	25,500	–	0.40%	–
CUBE	New	CubeSmart	$1,239,000	–	29,000	–	0.40%	–
OHI	New	Omega Healthcare Investors Inc	$1,232,000	–	43,700	–	0.39%	–
TROW	New	T ROWE PRICE GROUP INC	$1,227,000	–	10,800	–	0.39%	–
ARE	New	Alexandria Real Estate Equities Inc	$1,226,000	–	8,450	–	0.39%	–
LSI	New	Life Storage Inc	$1,217,000	–	10,900	–	0.39%	–
NLY	New	Annaly Capital Management Inc	$1,212,000	–	205,000	–	0.39%	–
EBAY	New	EBAY INC	$1,208,000	–	29,000	–	0.39%	–
NVR	New	NVR INC	$1,201,000	–	300	–	0.38%	–
AVY	New	AVERY DENNISON CORP	$1,198,000	–	7,400	–	0.38%	–
UDR	New	UDR Inc	$1,192,000	–	25,888	–	0.38%	–
CPT	New	Camden Property Trust	$1,174,000	–	8,731	–	0.38%	–
LII	New	LENNOX INTERNATIONAL INC	$1,157,000	–	5,600	–	0.37%	–
AGNC	New	AGNC Investment Corp	$1,151,000	–	104,000	–	0.37%	–
AOS	New	SMITH (A.O.) CORP	$1,148,000	–	21,000	–	0.37%	–
BBY	New	BEST BUY CO INC	$1,128,000	–	17,300	–	0.36%	–
VICI	New	VICI Properties Inc	$1,117,000	–	37,500	–	0.36%	–
TER	New	TERADYNE INC	$1,119,000	–	12,500	–	0.36%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$1,112,000	–	12,000	–	0.36%	–
RHI	New	ROBERT HALF INTL INC	$1,078,000	–	14,400	–	0.34%	–
SRC	New	Spirit Realty Capital Inc	$1,073,000	–	28,400	–	0.34%	–
STAG	New	STAG Industrial Inc	$1,067,000	–	34,563	–	0.34%	–
BRX	New	Brixmor Property Group Inc	$1,045,000	–	51,711	–	0.33%	–
FFIV	New	F5 INC	$1,041,000	–	6,800	–	0.33%	–
HST	New	Host Hotels and Resorts Inc	$978,000	–	62,343	–	0.31%	–
AMH	New	American Homes 4 Rent	$957,000	–	27,000	–	0.31%	–
SBRA	New	Sabra Health Care REIT Inc	$948,000	–	67,874	–	0.30%	–
STOR	New	STORE Capital Corp	$939,000	–	36,000	–	0.30%	–
LXP	New	LXP Industrial Trust	$913,000	–	85,000	–	0.29%	–
ILPT	New	Industrial Logistics Properties Trust	$853,000	–	60,572	–	0.27%	–
AIRC	New	Apartment Income REIT Corp	$776,000	–	18,657	–	0.25%	–
GNL	New	Global Net Lease Inc	$772,000	–	54,492	–	0.25%	–
CUZ	New	Cousins Properties Inc	$772,000	–	26,400	–	0.25%	–
PLYM	New	Plymouth Industrial REIT Inc	$763,000	–	43,527	–	0.24%	–
BDN	New	Brandywine Realty Trust	$689,000	–	71,500	–	0.22%	–
ACC	New	American Campus Communities Inc	$664,000	–	10,300	–	0.21%	–
NHI	New	National Health Investors Inc	$612,000	–	10,100	–	0.20%	–
CSR	New	Centerspace	$572,000	–	7,019	–	0.18%	–
HIW	New	Highwoods Properties Inc	$544,000	–	15,898	–	0.17%	–
HTA	New	Healthcare Trust of America Inc	$544,000	–	19,500	–	0.17%	–
BXP	New	Boston Properties Inc	$517,000	–	5,814	–	0.16%	–
HR	New	Healthcare Realty Trust Inc	$505,000	–	18,582	–	0.16%	–
DOC	New	Physicians Realty Trust	$489,000	–	28,000	–	0.16%	–
OFC	New	Corporate Office Properties Trust	$458,000	–	17,500	–	0.15%	–
HPP	New	Hudson Pacific Properties Inc	$445,000	–	30,000	–	0.14%	–
UMH	New	UMH Properties Inc	$434,000	–	24,564	–	0.14%	–
IRT	New	Independence Realty Trust Inc	$415,000	–	20,000	–	0.13%	–
	New	SL Green Realty Corp	$365,000	–	7,902	–	0.12%	–
KRG	New	Kite Realty Group Trust	$361,000	–	20,900	–	0.12%	–
FCPT	New	Four Corners Property Trust Inc	$346,000	–	13,000	–	0.11%	–
KRC	New	Kilroy Realty Corp	$340,000	–	6,500	–	0.11%	–
EPRT	New	Essential Properties Realty Trust Inc	$322,000	–	15,000	–	0.10%	–
VNO	New	Vornado Realty Trust	$321,000	–	11,237	–	0.10%	–
RLJ	New	RLJ Lodging Trust	$318,000	–	28,800	–	0.10%	–
EPR	New	EPR Properties	$296,000	–	6,300	–	0.10%	–
DBRG	New	DigitalBridge Group Inc	$289,000	–	59,286	–	0.09%	–
UBA	New	Urstadt Biddle Properties Inc	$275,000	–	17,000	–	0.09%	–
DHC	New	Diversified Healthcare Trust	$260,000	–	143,100	–	0.08%	–
GMRE	New	Global Medical REIT Inc	$238,000	–	21,200	–	0.08%	–
PW	New	Power REIT	$222,000	–	17,437	–	0.07%	–
ESRT	New	Empire State Realty Trust Inc	$204,000	–	29,000	–	0.06%	–
KIM	New	Kimco Realty Corp	$204,000	–	10,295	–	0.06%	–
DEI	New	Douglas Emmett Inc	$201,000	–	9,000	–	0.06%	–
SKT	New	Tanger Factory Outlet Centers Inc	$192,000	–	13,500	–	0.06%	–
APLE	New	Apple Hospitality REIT Inc	$191,000	–	13,000	–	0.06%	–
IIPR	New	Innovative Industrial Properties Inc	$187,000	–	1,704	–	0.06%	–
AIV	New	Apartment Investment and Management Co	$176,000	–	27,557	–	0.06%	–
AHH	New	Armada Hoffler Properties Inc	$168,000	–	13,101	–	0.05%	–
KW	New	KENNEDY-WILSON HOLDINGS INC	$161,000	–	8,509	–	0.05%	–
OPI	New	Office Properties Income Trust	$154,000	–	7,714	–	0.05%	–
INN	New	Summit Hotel Properties Inc	$136,000	–	18,700	–	0.04%	–
PK	New	Park Hotels and Resorts Inc	$124,000	–	9,106	–	0.04%	–
PEB	New	Pebblebrook Hotel Trust	$105,000	–	6,355	–	0.03%	–
SVC	New	Service Properties Trust	$106,000	–	20,266	–	0.03%	–
CLDT	New	Chatham Lodging Trust	$94,000	–	9,000	–	0.03%	–
HT	New	Hersha Hospitality Trust	$78,000	–	8,000	–	0.02%	–
MAC	New	Macerich Co/The	$76,000	–	8,692	–	0.02%	–
EGP	New	EastGroup Properties Inc	$65,000	–	422	–	0.02%	–
NYRT	New	NEW YORK REIT INC liquidation shs	$0	–	2,200	–	0.00%	–
RVI	New	Retail Value Inc	$0	–	108	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
SNR	Exit	NEW SENIOR INVESTMENT GROUP	$0	–	0	–	0.00%	–
NYRT	Exit	NEW YORK REIT INC liquidation shs	$0	–	-2,200	–	0.00%	–
BMYRT	Exit	BRISTOL-MYERS SQUIBB-CVR	$0	–	-23,000	–	0.00%	–
RVI	Exit	RETAIL VALUE INC	$0	–	-108	–	-0.00%	–
PW	Exit	POWER REIT	$0	–	-610	–	-0.01%	–
EGP	Exit	EASTGROUP PROPERTIES INC	$0	–	-422	–	-0.02%	–
HT	Exit	HERSHA HOSPITALITY TRUST	$0	–	-8,000	–	-0.02%	–
CLI	Exit	MACK-CALI REALTY CORP	$0	–	-6,000	–	-0.02%	–
CLDT	Exit	CHATHAM LODGING TRUST	$0	–	-9,000	–	-0.02%	–
PEB	Exit	PEBBLEBROOK HOTEL TRUST	$0	–	-6,355	–	-0.03%	–
MAC	Exit	MACERICH CO/THE	$0	–	-8,692	–	-0.03%	–
PK	Exit	PARK HOTELS and RESORTS INC	$0	–	-9,106	–	-0.04%	–
AHH	Exit	ARMADA HOFFLER PROPERTIES IN	$0	–	-13,101	–	-0.04%	–
INN	Exit	SUMMIT HOTEL PROPERTIES INC	$0	–	-18,700	–	-0.04%	–
AIV	Exit	APARTMENT INVT and MGMT CO -A	$0	–	-27,557	–	-0.04%	–
APLE	Exit	APPLE HOSPITALITY REIT INC	$0	–	-13,000	–	-0.04%	–
KIM	Exit	KIMCO REALTY CORP	$0	–	-10,295	–	-0.04%	–
HPT	Exit	SERVICE PROPERTIES TRUST	$0	–	-20,266	–	-0.05%	–
DEI	Exit	DOUGLAS EMMETT INC	$0	–	-9,000	–	-0.06%	–
KW	Exit	KENNEDY-WILSON HOLDINGS INC	$0	–	-13,509	–	-0.06%	–
ESRT	Exit	EMPIRE STATE REALTY TRUST-A	$0	–	-29,000	–	-0.06%	–
SKT	Exit	TANGER FACTORY OUTLET CENTER	$0	–	-18,500	–	-0.06%	–
EPR	Exit	EPR PROPERTIES	$0	–	-6,300	–	-0.07%	–
OPI	Exit	OFFICE PROPERTIES INCOME TRUST	$0	–	-12,714	–	-0.07%	–
UBA	Exit	URSTADT BIDDLE - CLASS A	$0	–	-17,000	–	-0.07%	–
WRE	Exit	WASHINGTON REIT	$0	–	-14,000	–	-0.07%	–
DBRG	Exit	DigitalBridge Group Inc	$0	–	-59,286	–	-0.08%	–
IIPR	Exit	INNOVATIVE INDUSTRIAL PROPER	$0	–	-1,704	–	-0.08%	–
EPRT	Exit	ESSENTIAL PROPERTIES REALTY	$0	–	-15,000	–	-0.09%	–
KRG	Exit	KITE REALTY GROUP TRUST	$0	–	-20,900	–	-0.09%	–
RLJ	Exit	RLJ LODGING TRUST	$0	–	-28,800	–	-0.09%	–
KRC	Exit	KILROY REALTY CORP	$0	–	-6,500	–	-0.09%	–
MNR	Exit	MONMOUTH REAL ESTATE INV COR	$0	–	-25,000	–	-0.10%	–
VNO	Exit	VORNADO REALTY TRUST	$0	–	-11,237	–	-0.10%	–
DHC	Exit	Diversified Healthcare Trust	$0	–	-143,100	–	-0.10%	–
GMRE	Exit	GLOBAL MEDICAL REIT INC	$0	–	-36,200	–	-0.11%	–
CXP	Exit	COLUMBIA PROPERTY TRUST INC	$0	–	-30,000	–	-0.12%	–
APTS	Exit	PREFERRED APARTMENT COMMUN-A	$0	–	-52,000	–	-0.13%	–
OFC	Exit	CORPORATE OFFICE PROPERTIES	$0	–	-24,500	–	-0.14%	–
UMH	Exit	UMH PROPERTIES INC	$0	–	-29,564	–	-0.14%	–
ACC	Exit	AMERICAN CAMPUS COMMUNITIES	$0	–	-14,300	–	-0.15%	–
HR	Exit	HEALTHCARE REALTY TRUST INC	$0	–	-23,582	–	-0.15%	–
SLG	Exit	SL GREEN REALTY CORP	$0	–	-9,913	–	-0.15%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-6,814	–	-0.16%	–
CSR	Exit	CENTERSPACE	$0	–	-8,019	–	-0.16%	–
HPP	Exit	HUDSON PACIFIC PROPERTIES IN	$0	–	-30,000	–	-0.17%	–
HIW	Exit	HIGHWOODS PROPERTIES INC	$0	–	-18,898	–	-0.18%	–
DOC	Exit	PHYSICIANS REALTY TRUST	$0	–	-51,000	–	-0.19%	–
IRT	Exit	INDEPENDENCE REALTY TRUST IN	$0	–	-46,000	–	-0.20%	–
FCPT	Exit	FOUR CORNERS PROPERTY TRUST	$0	–	-35,000	–	-0.20%	–
BDN	Exit	BRANDYWINE REALTY TRUST	$0	–	-71,500	–	-0.20%	–
SBRA	Exit	SABRA HEALTH CARE REIT INC	$0	–	-66,874	–	-0.21%	–
NHI	Exit	NATL HEALTH INVESTORS INC	$0	–	-19,600	–	-0.22%	–
AIRC	Exit	APARTMENT INCOME REIT CO-W/I	$0	–	-21,657	–	-0.22%	–
COR	Exit	CORESITE REALTY CORP	$0	–	-7,700	–	-0.22%	–
STOR	Exit	STORE CAPITAL CORP	$0	–	-33,500	–	-0.23%	–
VICI	Exit	VICI PROPERTIES INC	$0	–	-39,500	–	-0.24%	–
PLYM	Exit	PLYMOUTH INDUSTRIAL REIT INC	$0	–	-51,527	–	-0.25%	–
GNL	Exit	GLOBAL NET LEASE INC	$0	–	-76,492	–	-0.26%	–
HST	Exit	HOST HOTELS and RESORTS INC	$0	–	-77,343	–	-0.27%	–
LXP	Exit	LEXINGTON REALTY TRUST	$0	–	-100,000	–	-0.27%	–
DRE	Exit	DUKE REALTY CORP	$0	–	-26,707	–	-0.27%	–
AMH	Exit	AMERICAN HOMES 4 RENT- A	$0	–	-35,500	–	-0.29%	–
CPT	Exit	CAMDEN PROPERTY TRUST	$0	–	-9,731	–	-0.30%	–
CUZ	Exit	COUSINS PROPERTIES INC	$0	–	-38,900	–	-0.31%	–
BRX	Exit	BRIXMOR PROPERTY GROUP INC	$0	–	-65,711	–	-0.31%	–
OHI	Exit	OMEGA HEALTHCARE INVESTORS	$0	–	-49,700	–	-0.32%	–
WU	Exit	WESTERN UNION CO	$0	–	-75,700	–	-0.32%	–
SRC	Exit	SPIRIT REALTY CAPITAL INC	$0	–	-33,400	–	-0.32%	–
HTA	Exit	HEALTHCARE TRUST OF AME-CL A	$0	–	-52,000	–	-0.33%	–
UDR	Exit	UDR INC	$0	–	-29,888	–	-0.33%	–
GLPI	Exit	GAMING AND LEISURE PROPERTIE	$0	–	-34,471	–	-0.34%	–
CUBE	Exit	CUBESMART	$0	–	-34,000	–	-0.35%	–
LSI	Exit	Life Storage Inc	$0	–	-14,600	–	-0.35%	–
STAG	Exit	STAG INDUSTRIAL INC	$0	–	-43,563	–	-0.36%	–
ILPT	Exit	INDUSTRIAL LOGISTICS PROPERT	$0	–	-67,572	–	-0.36%	–
AGNC	Exit	AGNC INVESTMENT CORP	$0	–	-112,000	–	-0.37%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-43,000	–	-0.38%	–
SEE	Exit	SEALED AIR CORP	$0	–	-33,000	–	-0.38%	–
CONE	Exit	CYRUSONE INC	$0	–	-23,400	–	-0.38%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-17,000	–	-0.39%	–
PNW	Exit	PINNACLE WEST CAPITAL	$0	–	-25,500	–	-0.39%	–
RPM	Exit	RPM INTERNATIONAL INC	$0	–	-24,000	–	-0.39%	–
BAH	Exit	BOOZ ALLEN HAMILTON HOLDINGS	$0	–	-23,500	–	-0.39%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-21,500	–	-0.40%	–
SEIC	Exit	SEI INVESTMENTS COMPANY	$0	–	-32,000	–	-0.40%	–
MAS	Exit	MASCO CORP	$0	–	-34,200	–	-0.40%	–
IRM	Exit	IRON MOUNTAIN INC	$0	–	-44,000	–	-0.40%	–
SJM	Exit	JM SMUCKER CO/THE	$0	–	-16,000	–	-0.41%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-18,000	–	-0.41%	–
BBY	Exit	BEST BUY CO INC	$0	–	-18,300	–	-0.41%	–
LII	Exit	LENNOX INTERNATIONAL INC	$0	–	-6,600	–	-0.41%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-9,800	–	-0.41%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INC	$0	–	-98,000	–	-0.42%	–
CERN	Exit	CERNER CORP	$0	–	-28,000	–	-0.42%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-12,000	–	-0.42%	–
K	Exit	KELLOGG CO	$0	–	-31,000	–	-0.42%	–
VER	Exit	VEREIT INC	$0	–	-44,048	–	-0.42%	–
PPL	Exit	PPL CORP	$0	–	-71,700	–	-0.42%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-24,500	–	-0.42%	–
AOS	Exit	SMITH (A.O.) CORP	$0	–	-33,000	–	-0.43%	–
ARE	Exit	ALEXANDRIA REAL ESTATE EQUIT	$0	–	-10,550	–	-0.43%	–
CMI	Exit	CUMMINS INC	$0	–	-9,000	–	-0.43%	–
PEAK	Exit	HCP INC	$0	–	-60,507	–	-0.43%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-28,000	–	-0.43%	–
GWW	Exit	WW GRAINGER INC	$0	–	-5,200	–	-0.43%	–
MAA	Exit	MID-AMERICA APARTMENT COMM	$0	–	-10,950	–	-0.43%	–
KDP	Exit	Keurig Dr Pepper Inc	$0	–	-60,000	–	-0.43%	–
MTD	Exit	METTLER-TOLEDO INTERNATIONAL	$0	–	-1,500	–	-0.44%	–
NDSN	Exit	NORDSON CORP	$0	–	-8,700	–	-0.44%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-12,600	–	-0.45%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GP	$0	–	-34,800	–	-0.45%	–
PPG	Exit	PPG INDUSTRIES INC	$0	–	-15,000	–	-0.45%	–
MNST	Exit	MONSTER BEVERAGE CORP	$0	–	-24,200	–	-0.45%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-27,000	–	-0.46%	–
ESS	Exit	ESSEX PROPERTY TRUST INC	$0	–	-6,800	–	-0.46%	–
WAT	Exit	WATERS CORP	$0	–	-6,100	–	-0.46%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-16,600	–	-0.46%	–
PAYX	Exit	PAYCHEX INC	$0	–	-19,650	–	-0.47%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-37,000	–	-0.47%	–
HSY	Exit	HERSHEY CO/THE	$0	–	-13,400	–	-0.48%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-16,000	–	-0.48%	–
ODFL	Exit	OLD DOMINION FREIGHT LINE	$0	–	-8,000	–	-0.48%	–
MCK	Exit	MCKESSON CORP	$0	–	-11,500	–	-0.48%	–
HUM	Exit	HUMANA INC	$0	–	-6,000	–	-0.49%	–
EL	Exit	ESTEE LAUDER COMPANIES-CL A	$0	–	-7,800	–	-0.49%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-15,000	–	-0.50%	–
ALL	Exit	ALLSTATE CORP	$0	–	-18,600	–	-0.50%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-31,500	–	-0.50%	–
D	Exit	DOMINION ENERGY INC	$0	–	-33,000	–	-0.51%	–
YUM	Exit	YUM! BRANDS INC	$0	–	-19,800	–	-0.51%	–
KLAC	Exit	KLA-TENCOR CORP	$0	–	-7,300	–	-0.52%	–
ICE	Exit	INTERCONTINENTAL EXCHANGE IN	$0	–	-21,300	–	-0.52%	–
CTSH	Exit	COGNIZANT TECH SOLUTIONS-A	$0	–	-33,000	–	-0.52%	–
O	Exit	REALTY INCOME CORP	$0	–	-38,100	–	-0.52%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-20,800	–	-0.52%	–
DG	Exit	DOLLAR GENERAL CORP	$0	–	-11,700	–	-0.52%	–
EXC	Exit	EXELON CORP	$0	–	-51,500	–	-0.53%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-12,100	–	-0.53%	–
INVH	Exit	INVITATION HOMES INC	$0	–	-65,565	–	-0.53%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-4,200	–	-0.54%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-12,400	–	-0.54%	–
BDX	Exit	BECTON DICKINSON AND CO	$0	–	-10,500	–	-0.54%	–
VTR	Exit	VENTAS INC	$0	–	-46,705	–	-0.54%	–
IDXX	Exit	IDEXX LABORATORIES INC	$0	–	-4,200	–	-0.55%	–
EQR	Exit	EQUITY RESIDENTIAL	$0	–	-32,353	–	-0.55%	–
TROW	Exit	T ROWE PRICE GROUP INC	$0	–	-13,500	–	-0.56%	–
MCO	Exit	MOODY'S CORP	$0	–	-7,500	–	-0.56%	–
AMP	Exit	AMERIPRISE FINANCIAL INC	$0	–	-10,100	–	-0.56%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC-A	$0	–	-46,000	–	-0.56%	–
CDW	Exit	CDW CORP/DE	$0	–	-14,725	–	-0.57%	–
ZTS	Exit	ZOETIS INC	$0	–	-14,000	–	-0.57%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-60,000	–	-0.58%	–
TSCO	Exit	TRACTOR SUPPLY COMPANY	$0	–	-13,500	–	-0.58%	–
WELL	Exit	WELLTOWER INC	$0	–	-33,259	–	-0.58%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-12,000	–	-0.59%	–
MMM	Exit	3M CO	$0	–	-15,900	–	-0.59%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-27,900	–	-0.59%	–
SHW	Exit	SHERWIN-WILLIAMS CO/THE	$0	–	-10,050	–	-0.59%	–
ANTM	Exit	ANTHEM INC	$0	–	-7,750	–	-0.61%	–
BX	Exit	BLACKSTONE GROUP INC/THE-A	$0	–	-25,000	–	-0.62%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC	$0	–	-4,800	–	-0.62%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-15,000	–	-0.62%	–
AVB	Exit	AVALONBAY COMMUNITIES INC	$0	–	-13,302	–	-0.62%	–
WM	Exit	WASTE MANAGEMENT INC	$0	–	-19,800	–	-0.62%	–
AZO	Exit	AUTOZONE INC	$0	–	-1,750	–	-0.63%	–
EBAY	Exit	EBAY INC	$0	–	-43,000	–	-0.63%	–
AMGN	Exit	AMGEN INC	$0	–	-14,100	–	-0.63%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-15,000	–	-0.63%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-52,000	–	-0.65%	–
UPS	Exit	UNITED PARCEL SERVICE-CL B	$0	–	-17,000	–	-0.65%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-5,500	–	-0.66%	–
MMC	Exit	MARSH and MCLENNAN COS	$0	–	-20,700	–	-0.66%	–
QCOM	Exit	QUALCOMM INC	$0	–	-25,000	–	-0.68%	–
TGT	Exit	TARGET CORP	$0	–	-14,400	–	-0.70%	–
EQIX	Exit	EQUINIX INC	$0	–	-4,190	–	-0.70%	–
DLR	Exit	DIGITAL REALTY TRUST INC	$0	–	-22,947	–	-0.70%	–
SPGI	Exit	SandP GLOBAL INC	$0	–	-7,900	–	-0.71%	–
BLK	Exit	BLACKROCK INC	$0	–	-4,000	–	-0.71%	–
PSA	Exit	PUBLIC STORAGE	$0	–	-11,313	–	-0.71%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-27,000	–	-0.73%	–
SPG	Exit	SIMON PROPERTY GROUP INC	$0	–	-27,306	–	-0.75%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-38,000	–	-0.76%	–
WPC	Exit	WP CAREY INC	$0	–	-50,704	–	-0.78%	–
INTU	Exit	INTUIT INC	$0	–	-6,875	–	-0.78%	–
T	Exit	ATandT INC	$0	–	-138,000	–	-0.79%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-19,400	–	-0.79%	–
MCD	Exit	MCDONALD'S CORP	$0	–	-15,700	–	-0.80%	–
MRK	Exit	MERCK and CO. INC.	$0	–	-50,500	–	-0.80%	–
LOW	Exit	LOWE'S COS INC	$0	–	-18,800	–	-0.81%	–
ABBV	Exit	ABBVIE INC	$0	–	-35,500	–	-0.81%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-73,500	–	-0.84%	–
PEP	Exit	PEPSICO INC	$0	–	-26,700	–	-0.85%	–
WMT	Exit	WALMART INC	$0	–	-29,000	–	-0.85%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-82,500	–	-0.95%	–
PFE	Exit	PFIZER INC	$0	–	-108,100	–	-0.98%	–
PG	Exit	PROCTER and GAMBLE CO/THE	$0	–	-39,000	–	-1.15%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-14,300	–	-1.18%	–
HD	Exit	HOME DEPOT INC	$0	–	-17,400	–	-1.21%	–
V	Exit	VISA INC-CLASS A SHARES	$0	–	-26,400	–	-1.24%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC-CL B	$0	–	-22,000	–	-1.27%	–
JNJ	Exit	JOHNSON and JOHNSON	$0	–	-38,000	–	-1.30%	–
PLD	Exit	PROLOGIS INC	$0	–	-60,672	–	-1.61%	–
GOOG	Exit	ALPHABET INC-CL C	$0	–	-3,000	–	-1.69%	–
GOOGL	Exit	ALPHABET INC-CL A	$0	–	-3,700	–	-2.09%	–
FB	Exit	FACEBOOK INC-A	$0	–	-30,500	–	-2.19%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-54,890	–	-3.27%	–
AAPL	Exit	APPLE INC	$0	–	-132,280	–	-3.95%	–

Q3 2021

			Value		Shares		↓ Weighting
AAPL	Buy	APPLE INC	$18,718,000	+4.9%	132,280	+1.5%	3.95%	+3.9%
FB	Sell	FACEBOOK INC-A	$10,351,000	-6.1%	30,500	-3.8%	2.19%	-7.0%
GOOGL	New	ALPHABET INC-CL A	$9,892,000	–	3,700	–	2.09%	–
GOOG	New	ALPHABET INC-CL C	$7,996,000	–	3,000	–	1.69%	–
JNJ	New	JOHNSON and JOHNSON	$6,137,000	–	38,000	–	1.30%	–
UNH	Sell	UNITEDHEALTH GROUP INC	$5,588,000	-8.2%	14,300	-5.9%	1.18%	-9.2%
WMT	New	WALMART INC	$4,042,000	–	29,000	–	0.85%	–
T	Buy	ATandT INC	$3,727,000	-1.9%	138,000	+4.5%	0.79%	-2.8%
INTU	Sell	INTUIT INC	$3,709,000	-1.4%	6,875	-10.4%	0.78%	-2.5%
WPC	Buy	WP CAREY INC	$3,703,000	+109.3%	50,704	+113.9%	0.78%	+107.4%
PSA	Sell	PUBLIC STORAGE	$3,361,000	-45.8%	11,313	-45.1%	0.71%	-46.3%
TGT	Sell	TARGET CORP	$3,294,000	-14.8%	14,400	-10.0%	0.70%	-15.6%
QCOM	New	QUALCOMM INC	$3,225,000	–	25,000	–	0.68%	–
UPS	New	UNITED PARCEL SERVICE-CL B	$3,096,000	–	17,000	–	0.65%	–
AMGN	Buy	AMGEN INC	$2,998,000	-7.5%	14,100	+6.0%	0.63%	-8.5%
AVB	Sell	AVALONBAY COMMUNITIES INC	$2,948,000	-0.5%	13,302	-6.3%	0.62%	-1.4%
UNP	New	UNION PACIFIC CORP	$2,940,000	–	15,000	–	0.62%	–
BX	New	BLACKSTONE GROUP INC/THE-A	$2,909,000	–	25,000	–	0.62%	–
ANTM	Sell	ANTHEM INC	$2,889,000	-12.5%	7,750	-10.4%	0.61%	-13.5%
WELL	Sell	WELLTOWER INC	$2,741,000	-3.7%	33,259	-2.9%	0.58%	-4.6%
ZTS	Sell	ZOETIS INC	$2,718,000	-8.9%	14,000	-12.5%	0.57%	-9.7%
MCO	Sell	MOODY'S CORP	$2,663,000	-13.5%	7,500	-11.8%	0.56%	-14.3%
EQR	Sell	EQUITY RESIDENTIAL	$2,618,000	+1.9%	32,353	-3.0%	0.55%	+0.9%
IDXX	Sell	IDEXX LABORATORIES INC	$2,612,000	-13.8%	4,200	-12.5%	0.55%	-14.7%
VTR	Buy	VENTAS INC	$2,579,000	+19.9%	46,705	+24.0%	0.54%	+18.7%
REGN	New	REGENERON PHARMACEUTICALS	$2,542,000	–	4,200	–	0.54%	–
INVH	Sell	INVITATION HOMES INC	$2,513,000	-0.2%	65,565	-3.0%	0.53%	-1.1%
O	Buy	REALTY INCOME CORP	$2,471,000	+356.7%	38,100	+370.4%	0.52%	+353.9%
CTSH	Buy	COGNIZANT TECH SOLUTIONS-A	$2,449,000	+26.3%	33,000	+17.9%	0.52%	+24.9%
KLAC	New	KLA-TENCOR CORP	$2,442,000	–	7,300	–	0.52%	–
A	New	AGILENT TECHNOLOGIES INC	$2,363,000	–	15,000	–	0.50%	–
EL	New	ESTEE LAUDER COMPANIES-CL A	$2,339,000	–	7,800	–	0.49%	–
ODFL	New	OLD DOMINION FREIGHT LINE	$2,288,000	–	8,000	–	0.48%	–
PAYX	Sell	PAYCHEX INC	$2,210,000	-11.0%	19,650	-15.1%	0.47%	-11.9%
WAT	Sell	WATERS CORP	$2,180,000	-11.2%	6,100	-14.1%	0.46%	-12.0%
ESS	Sell	ESSEX PROPERTY TRUST INC	$2,174,000	+2.1%	6,800	-4.2%	0.46%	+1.1%
ADI	New	ANALOG DEVICES INC	$2,110,000	–	12,600	–	0.45%	–
NDSN	New	NORDSON CORP	$2,072,000	–	8,700	–	0.44%	–
MTD	Sell	METTLER-TOLEDO INTERNATIONAL	$2,066,000	-15.7%	1,500	-15.3%	0.44%	-16.6%
MAA	Sell	MID-AMERICA APARTMENT COMM	$2,045,000	-10.4%	10,950	-19.2%	0.43%	-11.3%
ES	New	EVERSOURCE ENERGY	$2,003,000	–	24,500	–	0.42%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$1,977,000	–	12,000	–	0.42%	–
MPW	Buy	MEDICAL PROPERTIES TRUST INC	$1,967,000	+4.1%	98,000	+4.3%	0.42%	+3.2%
CTXS	Buy	CITRIX SYSTEMS INC	$1,933,000	+17.7%	18,000	+28.6%	0.41%	+16.6%
SJM	New	JM SMUCKER CO/THE	$1,920,000	–	16,000	–	0.41%	–
ATO	Buy	ATMOS ENERGY CORP	$1,896,000	-1.4%	21,500	+7.5%	0.40%	-2.2%
RPM	Buy	RPM INTERNATIONAL INC	$1,864,000	-4.5%	24,000	+9.1%	0.39%	-5.3%
PNW	Buy	PINNACLE WEST CAPITAL	$1,845,000	-2.1%	25,500	+10.9%	0.39%	-3.0%
SEE	New	SEALED AIR CORP	$1,808,000	–	33,000	–	0.38%	–
CPB	Buy	CAMPBELL SOUP CO	$1,798,000	-1.4%	43,000	+7.5%	0.38%	-2.3%
GLPI	Buy	GAMING AND LEISURE PROPERTIE	$1,597,000	+5.5%	34,471	+5.5%	0.34%	+4.3%
UDR	Sell	UDR INC	$1,583,000	-3.2%	29,888	-10.5%	0.33%	-4.3%
OHI	Buy	OMEGA HEALTHCARE INVESTORS	$1,489,000	-9.8%	49,700	+9.2%	0.32%	-10.5%
BRX	Buy	BRIXMOR PROPERTY GROUP INC	$1,453,000	+2.0%	65,711	+5.6%	0.31%	+1.0%
CPT	Sell	CAMDEN PROPERTY TRUST	$1,435,000	-14.4%	9,731	-23.0%	0.30%	-15.4%
AMH	Sell	AMERICAN HOMES 4 RENT- A	$1,353,000	-8.3%	35,500	-6.6%	0.29%	-9.2%
GNL	Buy	GLOBAL NET LEASE INC	$1,225,000	+17.2%	76,492	+35.4%	0.26%	+16.1%
VICI	Buy	VICI PROPERTIES INC	$1,122,000	+106.6%	39,500	+125.7%	0.24%	+104.3%
STOR	Sell	STORE CAPITAL CORP	$1,073,000	-12.4%	33,500	-5.6%	0.23%	-13.0%
NHI	Buy	NATL HEALTH INVESTORS INC	$1,049,000	+1.5%	19,600	+27.3%	0.22%	+0.9%
SBRA	Buy	SABRA HEALTH CARE REIT INC	$984,000	-12.6%	66,874	+8.1%	0.21%	-13.3%
FCPT	Buy	FOUR CORNERS PROPERTY TRUST	$940,000	+26.2%	35,000	+29.6%	0.20%	+25.2%
HPP	Buy	HUDSON PACIFIC PROPERTIES IN	$788,000	+20.5%	30,000	+27.7%	0.17%	+18.6%
OFC	Buy	CORPORATE OFFICE PROPERTIES	$661,000	+52.3%	24,500	+58.1%	0.14%	+50.5%
KRG	Buy	KITE REALTY GROUP TRUST	$426,000	+11.2%	20,900	+20.1%	0.09%	+9.8%
EPRT	Sell	ESSENTIAL PROPERTIES REALTY	$419,000	-35.4%	15,000	-37.5%	0.09%	-35.5%
PW	New	POWER REIT	$30,000	–	610	–	0.01%	–
SNR	Sell	NEW SENIOR INVESTMENT GROUP	$0	-100.0%	0	-100.0%	0.00%	-100.0%
OGN	Exit	ORGANON and CO	$0	–	-5,050	–	-0.03%	–
QTS	Exit	QTS REALTY TRUST INC-CL A	$0	–	-8,014	–	-0.13%	–
RGA	Exit	REINSURANCE GROUP OF AMERICA	$0	–	-15,000	–	-0.36%	–
CLX	Exit	CLOROX COMPANY	$0	–	-10,500	–	-0.40%	–
NLY	Exit	ANNALY CAPITAL MANAGEMENT IN	$0	–	-215,000	–	-0.41%	–
GL	Exit	GLOBE LIFE INC	$0	–	-20,200	–	-0.41%	–
CHD	Exit	CHURCH and DWIGHT CO INC	$0	–	-24,000	–	-0.44%	–
HSIC	Exit	HENRY SCHEIN INC	$0	–	-28,000	–	-0.44%	–
NVR	Exit	NVR INC	$0	–	-430	–	-0.46%	–
KR	Exit	KROGER CO	$0	–	-58,000	–	-0.47%	–
SNA	Exit	SNAP-ON INC	$0	–	-10,000	–	-0.48%	–
JBHT	Exit	HUNT (JB) TRANSPRT SVCS INC	$0	–	-14,000	–	-0.49%	–
ADM	Exit	ARCHER-DANIELS-MIDLAND CO	$0	–	-40,000	–	-0.52%	–
HPQ	Exit	HP INC	$0	–	-85,000	–	-0.55%	–
BIIB	Exit	BIOGEN INC	$0	–	-8,400	–	-0.62%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-30,000	–	-0.72%	–
IBM	Exit	INTL BUSINESS MACHINES CORP	$0	–	-24,300	–	-0.76%	–
ORCL	Exit	ORACLE CORP	$0	–	-49,000	–	-0.81%	–
LLY	Exit	ELI LILLY and CO	$0	–	-19,000	–	-0.93%	–
CMCSA	Exit	COMCAST CORP-CLASS A	$0	–	-82,000	–	-1.00%	–
JPM	Exit	JPMORGAN CHASE and CO	$0	–	-44,000	–	-1.46%	–

Q2 2021

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$17,843,000	–	130,280	–	3.81%	–
MSFT	New	MICROSOFT CORP	$14,870,000	–	54,890	–	3.17%	–
FB	New	FACEBOOK INC-A	$11,022,000	–	31,700	–	2.35%	–
PLD	New	PROLOGIS INC	$7,252,000	–	60,672	–	1.55%	–
JPM	New	JPMORGAN CHASE and CO	$6,844,000	–	44,000	–	1.46%	–
PSA	New	PUBLIC STORAGE	$6,198,000	–	20,613	–	1.32%	–
V	New	VISA INC-CLASS A SHARES	$6,173,000	–	26,400	–	1.32%	–
BRKB	New	BERKSHIRE HATHAWAY INC-CL B	$6,114,000	–	22,000	–	1.30%	–
UNH	New	UNITEDHEALTH GROUP INC	$6,087,000	–	15,200	–	1.30%	–
HD	New	HOME DEPOT INC	$5,549,000	–	17,400	–	1.18%	–
PG	New	PROCTER and GAMBLE CO/THE	$5,262,000	–	39,000	–	1.12%	–
CMCSA	New	COMCAST CORP-CLASS A	$4,676,000	–	82,000	–	1.00%	–
CSCO	New	CISCO SYSTEMS INC	$4,373,000	–	82,500	–	0.93%	–
LLY	New	ELI LILLY and CO	$4,361,000	–	19,000	–	0.93%	–
PFE	New	PFIZER INC	$4,233,000	–	108,100	–	0.90%	–
VZ	New	VERIZON COMMUNICATIONS INC	$4,118,000	–	73,500	–	0.88%	–
ABBV	New	ABBVIE INC	$3,999,000	–	35,500	–	0.85%	–
PEP	New	PEPSICO INC	$3,956,000	–	26,700	–	0.84%	–
MRK	New	MERCK and CO. INC.	$3,927,000	–	50,500	–	0.84%	–
TGT	New	TARGET CORP	$3,868,000	–	16,000	–	0.82%	–
AMAT	New	APPLIED MATERIALS INC	$3,845,000	–	27,000	–	0.82%	–
ORCL	New	ORACLE CORP	$3,814,000	–	49,000	–	0.81%	–
T	New	ATandT INC	$3,799,000	–	132,000	–	0.81%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$3,766,000	–	38,000	–	0.80%	–
INTU	New	INTUIT INC	$3,762,000	–	7,675	–	0.80%	–
TXN	New	TEXAS INSTRUMENTS INC	$3,731,000	–	19,400	–	0.80%	–
LOW	New	LOWE'S COS INC	$3,647,000	–	18,800	–	0.78%	–
MCD	New	MCDONALD'S CORP	$3,627,000	–	15,700	–	0.77%	–
LRCX	New	LAM RESEARCH CORP	$3,579,000	–	5,500	–	0.76%	–
SPG	New	SIMON PROPERTY GROUP INC	$3,563,000	–	27,306	–	0.76%	–
IBM	New	INTL BUSINESS MACHINES CORP	$3,562,000	–	24,300	–	0.76%	–
BLK	New	BLACKROCK INC	$3,500,000	–	4,000	–	0.75%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$3,475,000	–	52,000	–	0.74%	–
DLR	New	DIGITAL REALTY TRUST INC	$3,453,000	–	22,947	–	0.74%	–
EQIX	New	EQUINIX INC	$3,363,000	–	4,190	–	0.72%	–
SBUX	New	STARBUCKS CORP	$3,354,000	–	30,000	–	0.72%	–
ANTM	New	ANTHEM INC	$3,303,000	–	8,650	–	0.70%	–
SPGI	New	SandP GLOBAL INC	$3,243,000	–	7,900	–	0.69%	–
AMGN	New	AMGEN INC	$3,242,000	–	13,300	–	0.69%	–
MMM	New	3M CO	$3,158,000	–	15,900	–	0.67%	–
MCO	New	MOODY'S CORP	$3,080,000	–	8,500	–	0.66%	–
IDXX	New	IDEXX LABORATORIES INC	$3,031,000	–	4,800	–	0.65%	–
EBAY	New	EBAY INC	$3,019,000	–	43,000	–	0.64%	–
ZTS	New	ZOETIS INC	$2,982,000	–	16,000	–	0.64%	–
ADP	New	AUTOMATIC DATA PROCESSING	$2,979,000	–	15,000	–	0.64%	–
AVB	New	AVALONBAY COMMUNITIES INC	$2,964,000	–	14,202	–	0.63%	–
MMC	New	MARSH and MCLENNAN COS	$2,912,000	–	20,700	–	0.62%	–
BIIB	New	BIOGEN INC	$2,909,000	–	8,400	–	0.62%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC-A	$2,872,000	–	46,000	–	0.61%	–
MO	New	ALTRIA GROUP INC	$2,861,000	–	60,000	–	0.61%	–
WELL	New	WELLTOWER INC	$2,847,000	–	34,259	–	0.61%	–
WM	New	WASTE MANAGEMENT INC	$2,774,000	–	19,800	–	0.59%	–
SHW	New	SHERWIN-WILLIAMS CO/THE	$2,738,000	–	10,050	–	0.58%	–
ORLY	New	O'REILLY AUTOMOTIVE INC	$2,718,000	–	4,800	–	0.58%	–
ITW	New	ILLINOIS TOOL WORKS	$2,705,000	–	12,100	–	0.58%	–
TROW	New	T ROWE PRICE GROUP INC	$2,673,000	–	13,500	–	0.57%	–
HUM	New	HUMANA INC	$2,656,000	–	6,000	–	0.57%	–
EXPD	New	EXPEDITORS INTL WASH INC	$2,633,000	–	20,800	–	0.56%	–
AZO	New	AUTOZONE INC	$2,611,000	–	1,750	–	0.56%	–
AVY	New	AVERY DENNISON CORP	$2,607,000	–	12,400	–	0.56%	–
MSI	New	MOTOROLA SOLUTIONS INC	$2,602,000	–	12,000	–	0.56%	–
CDW	New	CDW CORP/DE	$2,572,000	–	14,725	–	0.55%	–
EQR	New	EQUITY RESIDENTIAL	$2,568,000	–	33,353	–	0.55%	–
CL	New	COLGATE-PALMOLIVE CO	$2,563,000	–	31,500	–	0.55%	–
HPQ	New	HP INC	$2,566,000	–	85,000	–	0.55%	–
BDX	New	BECTON DICKINSON AND CO	$2,553,000	–	10,500	–	0.54%	–
PPG	New	PPG INDUSTRIES INC	$2,547,000	–	15,000	–	0.54%	–
DG	New	DOLLAR GENERAL CORP	$2,532,000	–	11,700	–	0.54%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$2,528,000	–	21,300	–	0.54%	–
INVH	New	INVITATION HOMES INC	$2,519,000	–	67,565	–	0.54%	–
AMP	New	AMERIPRISE FINANCIAL INC	$2,514,000	–	10,100	–	0.54%	–
TSCO	New	TRACTOR SUPPLY COMPANY	$2,512,000	–	13,500	–	0.54%	–
PAYX	New	PAYCHEX INC	$2,484,000	–	23,150	–	0.53%	–
RHI	New	ROBERT HALF INTL INC	$2,482,000	–	27,900	–	0.53%	–
WAT	New	WATERS CORP	$2,454,000	–	7,100	–	0.52%	–
MTD	New	METTLER-TOLEDO INTERNATIONAL	$2,452,000	–	1,770	–	0.52%	–
ALL	New	ALLSTATE CORP	$2,426,000	–	18,600	–	0.52%	–
D	New	DOMINION ENERGY INC	$2,428,000	–	33,000	–	0.52%	–
ADM	New	ARCHER-DANIELS-MIDLAND CO	$2,424,000	–	40,000	–	0.52%	–
AOS	New	SMITH (A.O.) CORP	$2,378,000	–	33,000	–	0.51%	–
HSY	New	HERSHEY CO/THE	$2,334,000	–	13,400	–	0.50%	–
LII	New	LENNOX INTERNATIONAL INC	$2,315,000	–	6,600	–	0.49%	–
EA	New	ELECTRONIC ARTS INC	$2,301,000	–	16,000	–	0.49%	–
EXC	New	EXELON CORP	$2,282,000	–	51,500	–	0.49%	–
JBHT	New	HUNT (JB) TRANSPRT SVCS INC	$2,281,000	–	14,000	–	0.49%	–
MAA	New	MID-AMERICA APARTMENT COMM	$2,282,000	–	13,550	–	0.49%	–
YUM	New	YUM! BRANDS INC	$2,278,000	–	19,800	–	0.49%	–
GWW	New	WW GRAINGER INC	$2,278,000	–	5,200	–	0.49%	–
GIS	New	GENERAL MILLS INC	$2,254,000	–	37,000	–	0.48%	–
SNA	New	SNAP-ON INC	$2,234,000	–	10,000	–	0.48%	–
KR	New	KROGER CO	$2,222,000	–	58,000	–	0.47%	–
KMB	New	KIMBERLY-CLARK CORP	$2,221,000	–	16,600	–	0.47%	–
MNST	New	MONSTER BEVERAGE CORP	$2,211,000	–	24,200	–	0.47%	–
MCK	New	MCKESSON CORP	$2,199,000	–	11,500	–	0.47%	–
CMI	New	CUMMINS INC	$2,194,000	–	9,000	–	0.47%	–
CERN	New	CERNER CORP	$2,188,000	–	28,000	–	0.47%	–
BAX	New	BAXTER INTERNATIONAL INC	$2,174,000	–	27,000	–	0.46%	–
VTR	New	VENTAS INC	$2,151,000	–	37,662	–	0.46%	–
NVR	New	NVR INC	$2,139,000	–	430	–	0.46%	–
ESS	New	ESSEX PROPERTY TRUST INC	$2,130,000	–	7,100	–	0.45%	–
KDP	New	Keurig Dr Pepper Inc	$2,114,000	–	60,000	–	0.45%	–
BBY	New	BEST BUY CO INC	$2,104,000	–	18,300	–	0.45%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GP	$2,079,000	–	34,800	–	0.44%	–
HSIC	New	HENRY SCHEIN INC	$2,077,000	–	28,000	–	0.44%	–
CHD	New	CHURCH and DWIGHT CO INC	$2,045,000	–	24,000	–	0.44%	–
VER	New	VEREIT INC	$2,023,000	–	44,048	–	0.43%	–
MAN	New	MANPOWERGROUP INC	$2,021,000	–	17,000	–	0.43%	–
PEAK	New	HCP INC	$2,014,000	–	60,507	–	0.43%	–
MAS	New	MASCO CORP	$2,015,000	–	34,200	–	0.43%	–
PPL	New	PPL CORP	$2,005,000	–	71,700	–	0.43%	–
ED	New	CONSOLIDATED EDISON INC	$2,008,000	–	28,000	–	0.43%	–
BAH	New	BOOZ ALLEN HAMILTON HOLDINGS	$2,002,000	–	23,500	–	0.43%	–
K	New	KELLOGG CO	$1,994,000	–	31,000	–	0.42%	–
SEIC	New	SEI INVESTMENTS COMPANY	$1,983,000	–	32,000	–	0.42%	–
RPM	New	RPM INTERNATIONAL INC	$1,951,000	–	22,000	–	0.42%	–
CTSH	New	COGNIZANT TECH SOLUTIONS-A	$1,939,000	–	28,000	–	0.41%	–
ATO	New	ATMOS ENERGY CORP	$1,922,000	–	20,000	–	0.41%	–
GL	New	GLOBE LIFE INC	$1,924,000	–	20,200	–	0.41%	–
ARE	New	ALEXANDRIA REAL ESTATE EQUIT	$1,919,000	–	10,550	–	0.41%	–
NLY	New	ANNALY CAPITAL MANAGEMENT IN	$1,909,000	–	215,000	–	0.41%	–
AGNC	New	AGNC INVESTMENT CORP	$1,892,000	–	112,000	–	0.40%	–
CLX	New	CLOROX COMPANY	$1,889,000	–	10,500	–	0.40%	–
MPW	New	MEDICAL PROPERTIES TRUST INC	$1,889,000	–	94,000	–	0.40%	–
PNW	New	PINNACLE WEST CAPITAL	$1,885,000	–	23,000	–	0.40%	–
IRM	New	IRON MOUNTAIN INC	$1,862,000	–	44,000	–	0.40%	–
FFIV	New	F5 NETWORKS INC	$1,829,000	–	9,800	–	0.39%	–
CPB	New	CAMPBELL SOUP CO	$1,824,000	–	40,000	–	0.39%	–
ILPT	New	INDUSTRIAL LOGISTICS PROPERT	$1,766,000	–	67,572	–	0.38%	–
WPC	New	WP CAREY INC	$1,769,000	–	23,704	–	0.38%	–
WU	New	WESTERN UNION CO	$1,739,000	–	75,700	–	0.37%	–
RGA	New	REINSURANCE GROUP OF AMERICA	$1,710,000	–	15,000	–	0.36%	–
CPT	New	CAMDEN PROPERTY TRUST	$1,676,000	–	12,631	–	0.36%	–
CONE	New	CYRUSONE INC	$1,674,000	–	23,400	–	0.36%	–
OHI	New	OMEGA HEALTHCARE INVESTORS	$1,651,000	–	45,500	–	0.35%	–
CTXS	New	CITRIX SYSTEMS INC	$1,642,000	–	14,000	–	0.35%	–
UDR	New	UDR INC	$1,635,000	–	33,388	–	0.35%	–
STAG	New	STAG INDUSTRIAL INC	$1,631,000	–	43,563	–	0.35%	–
SRC	New	SPIRIT REALTY CAPITAL INC	$1,598,000	–	33,400	–	0.34%	–
CUBE	New	CUBESMART	$1,575,000	–	34,000	–	0.34%	–
LSI	New	Life Storage Inc	$1,567,000	–	14,600	–	0.33%	–
GLPI	New	GAMING AND LEISURE PROPERTIE	$1,514,000	–	32,671	–	0.32%	–
AMH	New	AMERICAN HOMES 4 RENT- A	$1,476,000	–	38,000	–	0.32%	–
CUZ	New	COUSINS PROPERTIES INC	$1,431,000	–	38,900	–	0.30%	–
BRX	New	BRIXMOR PROPERTY GROUP INC	$1,424,000	–	62,211	–	0.30%	–
HTA	New	HEALTHCARE TRUST OF AME-CL A	$1,388,000	–	52,000	–	0.30%	–
HST	New	HOST HOTELS and RESORTS INC	$1,322,000	–	77,343	–	0.28%	–
DRE	New	DUKE REALTY CORP	$1,265,000	–	26,707	–	0.27%	–
STOR	New	STORE CAPITAL CORP	$1,225,000	–	35,500	–	0.26%	–
LXP	New	LEXINGTON REALTY TRUST	$1,195,000	–	100,000	–	0.26%	–
SBRA	New	SABRA HEALTH CARE REIT INC	$1,126,000	–	61,874	–	0.24%	–
GNL	New	GLOBAL NET LEASE INC	$1,045,000	–	56,492	–	0.22%	–
COR	New	CORESITE REALTY CORP	$1,036,000	–	7,700	–	0.22%	–
PLYM	New	PLYMOUTH INDUSTRIAL REIT INC	$1,032,000	–	51,527	–	0.22%	–
NHI	New	NATL HEALTH INVESTORS INC	$1,033,000	–	15,400	–	0.22%	–
AIRC	New	APARTMENT INCOME REIT CO-W/I	$1,027,000	–	21,657	–	0.22%	–
BDN	New	BRANDYWINE REALTY TRUST	$980,000	–	71,500	–	0.21%	–
DOC	New	PHYSICIANS REALTY TRUST	$942,000	–	51,000	–	0.20%	–
HIW	New	HIGHWOODS PROPERTIES INC	$854,000	–	18,898	–	0.18%	–
IRT	New	INDEPENDENCE REALTY TRUST IN	$839,000	–	46,000	–	0.18%	–
SLG	New	SL GREEN REALTY CORP	$793,000	–	9,913	–	0.17%	–
BXP	New	BOSTON PROPERTIES INC	$781,000	–	6,814	–	0.17%	–
FCPT	New	FOUR CORNERS PROPERTY TRUST	$745,000	–	27,000	–	0.16%	–
HR	New	HEALTHCARE REALTY TRUST INC	$712,000	–	23,582	–	0.15%	–
ACC	New	AMERICAN CAMPUS COMMUNITIES	$668,000	–	14,300	–	0.14%	–
HPP	New	HUDSON PACIFIC PROPERTIES IN	$654,000	–	23,500	–	0.14%	–
EPRT	New	ESSENTIAL PROPERTIES REALTY	$649,000	–	24,000	–	0.14%	–
UMH	New	UMH PROPERTIES INC	$645,000	–	29,564	–	0.14%	–
CSR	New	CENTERSPACE	$633,000	–	8,019	–	0.14%	–
QTS	New	QTS REALTY TRUST INC-CL A	$619,000	–	8,014	–	0.13%	–
DHC	New	Diversified Healthcare Trust	$598,000	–	143,100	–	0.13%	–
VICI	New	VICI PROPERTIES INC	$543,000	–	17,500	–	0.12%	–
O	New	REALTY INCOME CORP	$541,000	–	8,100	–	0.12%	–
GMRE	New	GLOBAL MEDICAL REIT INC	$534,000	–	36,200	–	0.11%	–
VNO	New	VORNADO REALTY TRUST	$524,000	–	11,237	–	0.11%	–
CXP	New	COLUMBIA PROPERTY TRUST INC	$522,000	–	30,000	–	0.11%	–
SNR	New	NEW SENIOR INVESTMENT GROUP	$509,000	–	57,935	–	0.11%	–
APTS	New	PREFERRED APARTMENT COMMUN-A	$507,000	–	52,000	–	0.11%	–
MNR	New	MONMOUTH REAL ESTATE INV COR	$468,000	–	25,000	–	0.10%	–
DBRG	New	DigitalBridge Group Inc	$468,000	–	59,286	–	0.10%	–
KRC	New	KILROY REALTY CORP	$453,000	–	6,500	–	0.10%	–
RLJ	New	RLJ LODGING TRUST	$439,000	–	28,800	–	0.09%	–
OFC	New	CORPORATE OFFICE PROPERTIES	$434,000	–	15,500	–	0.09%	–
KRG	New	KITE REALTY GROUP TRUST	$383,000	–	17,400	–	0.08%	–
OPI	New	OFFICE PROPERTIES INCOME TRUST	$373,000	–	12,714	–	0.08%	–
ESRT	New	EMPIRE STATE REALTY TRUST-A	$348,000	–	29,000	–	0.07%	–
SKT	New	TANGER FACTORY OUTLET CENTER	$349,000	–	18,500	–	0.07%	–
EPR	New	EPR PROPERTIES	$332,000	–	6,300	–	0.07%	–
UBA	New	URSTADT BIDDLE - CLASS A	$329,000	–	17,000	–	0.07%	–
IIPR	New	INNOVATIVE INDUSTRIAL PROPER	$325,000	–	1,704	–	0.07%	–
WRE	New	WASHINGTON REIT	$322,000	–	14,000	–	0.07%	–
DEI	New	DOUGLAS EMMETT INC	$303,000	–	9,000	–	0.06%	–
KW	New	KENNEDY-WILSON HOLDINGS INC	$268,000	–	13,509	–	0.06%	–
HPT	New	SERVICE PROPERTIES TRUST	$255,000	–	20,266	–	0.05%	–
KIM	New	KIMCO REALTY CORP	$215,000	–	10,295	–	0.05%	–
APLE	New	APPLE HOSPITALITY REIT INC	$198,000	–	13,000	–	0.04%	–
PK	New	PARK HOTELS and RESORTS INC	$188,000	–	9,106	–	0.04%	–
AIV	New	APARTMENT INVT and MGMT CO -A	$185,000	–	27,557	–	0.04%	–
INN	New	SUMMIT HOTEL PROPERTIES INC	$174,000	–	18,700	–	0.04%	–
AHH	New	ARMADA HOFFLER PROPERTIES IN	$174,000	–	13,101	–	0.04%	–
MAC	New	MACERICH CO/THE	$159,000	–	8,692	–	0.03%	–
OGN	New	ORGANON and CO	$153,000	–	5,050	–	0.03%	–
PEB	New	PEBBLEBROOK HOTEL TRUST	$150,000	–	6,355	–	0.03%	–
CLDT	New	CHATHAM LODGING TRUST	$116,000	–	9,000	–	0.02%	–
CLI	New	MACK-CALI REALTY CORP	$103,000	–	6,000	–	0.02%	–
HT	New	HERSHA HOSPITALITY TRUST	$86,000	–	8,000	–	0.02%	–
EGP	New	EASTGROUP PROPERTIES INC	$69,000	–	422	–	0.02%	–
BMYRT	New	BRISTOL-MYERS SQUIBB-CVR	$0	–	23,000	–	0.00%	–
NYRT	New	NEW YORK REIT INC liquidation shs	$0	–	2,200	–	0.00%	–
RVI	New	RETAIL VALUE INC	$2,000	–	108	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
RVI	Exit	RETAIL VALUE INC	$0	–	-102	–	0.00%	–
NYRT	Exit	NEW YORK REIT INC liquidation shs	$0	–	-2,200	–	0.00%	–
HT	Exit	HERSHA HOSPITALITY TRUST	$0	–	-8,000	–	-0.01%	–
BMYRT	Exit	BRISTOL-MYERS SQUIBB-CVR	$0	–	-23,000	–	-0.01%	–
EGP	Exit	EASTGROUP PROPERTIES INC	$0	–	-422	–	-0.01%	–
MAC	Exit	MACERICH CO/THE	$0	–	-8,692	–	-0.02%	–
CLDT	Exit	CHATHAM LODGING TRUST	$0	–	-9,000	–	-0.02%	–
CLI	Exit	MACK-CALI REALTY CORP	$0	–	-6,000	–	-0.02%	–
PEB	Exit	PEBBLEBROOK HOTEL TRUST	$0	–	-6,355	–	-0.02%	–
PK	Exit	PARK HOTELS and RESORTS INC	$0	–	-9,106	–	-0.02%	–
INN	Exit	SUMMIT HOTEL PROPERTIES INC	$0	–	-18,700	–	-0.02%	–
KIM	Exit	KIMCO REALTY CORP	$0	–	-10,295	–	-0.03%	–
AHH	Exit	ARMADA HOFFLER PROPERTIES IN	$0	–	-13,101	–	-0.03%	–
APLE	Exit	APPLE HOSPITALITY REIT INC	$0	–	-13,000	–	-0.03%	–
SNR	Exit	NEW SENIOR INVESTMENT GROUP	$0	–	-36,863	–	-0.04%	–
UBA	Exit	URSTADT BIDDLE - CLASS A	$0	–	-17,000	–	-0.04%	–
HPT	Exit	SERVICE PROPERTIES TRUST	$0	–	-20,266	–	-0.04%	–
SKT	Exit	TANGER FACTORY OUTLET CENTER	$0	–	-28,500	–	-0.04%	–
ESRT	Exit	EMPIRE STATE REALTY TRUST-A	$0	–	-29,000	–	-0.04%	–
GLPI	Exit	GAMING AND LEISURE PROPERTIE	$0	–	-5,217	–	-0.05%	–
KW	Exit	KENNEDY-WILSON HOLDINGS INC	$0	–	-13,509	–	-0.05%	–
KRG	Exit	KITE REALTY GROUP TRUST	$0	–	-17,400	–	-0.05%	–
QTS	Exit	QTS REALTY TRUST INC-CL A	$0	–	-3,500	–	-0.06%	–
DEI	Exit	DOUGLAS EMMETT INC	$0	–	-9,000	–	-0.06%	–
RLJ	Exit	RLJ LODGING TRUST	$0	–	-28,800	–	-0.06%	–
OPI	Exit	OFFICE PROPERTIES INCOME TRUST	$0	–	-12,714	–	-0.07%	–
EPR	Exit	EPR PROPERTIES	$0	–	-9,600	–	-0.07%	–
WRE	Exit	WASHINGTON REIT	$0	–	-14,000	–	-0.07%	–
GMRE	Exit	GLOBAL MEDICAL REIT INC	$0	–	-21,200	–	-0.07%	–
CXP	Exit	COLUMBIA PROPERTY TRUST INC	$0	–	-30,000	–	-0.08%	–
APTS	Exit	PREFERRED APARTMENT COMMUN-A	$0	–	-62,000	–	-0.08%	–
KRC	Exit	KILROY REALTY CORP	$0	–	-6,500	–	-0.08%	–
HR	Exit	HEALTHCARE REALTY TRUST INC	$0	–	-12,082	–	-0.09%	–
OFC	Exit	CORPORATE OFFICE PROPERTIES	$0	–	-15,500	–	-0.09%	–
CLNS	Exit	Colony Capital Inc	$0	–	-157,286	–	-0.11%	–
DHC	Exit	Diversified Healthcare Trust	$0	–	-128,100	–	-0.11%	–
HPP	Exit	HUDSON PACIFIC PROPERTIES IN	$0	–	-23,500	–	-0.13%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-6,814	–	-0.14%	–
EPRT	Exit	ESSENTIAL PROPERTIES REALTY	$0	–	-31,000	–	-0.14%	–
BRX	Exit	BRIXMOR PROPERTY GROUP INC	$0	–	-50,711	–	-0.15%	–
HIW	Exit	HIGHWOODS PROPERTIES INC	$0	–	-18,898	–	-0.16%	–
IIPR	Exit	INNOVATIVE INDUSTRIAL PROPER	$0	–	-5,500	–	-0.17%	–
COR	Exit	CORESITE REALTY CORP	$0	–	-5,800	–	-0.17%	–
UMH	Exit	UMH PROPERTIES INC	$0	–	-50,926	–	-0.17%	–
BDN	Exit	BRANDYWINE REALTY TRUST	$0	–	-71,500	–	-0.19%	–
GNL	Exit	GLOBAL NET LEASE INC	$0	–	-48,992	–	-0.20%	–
MNR	Exit	MONMOUTH REAL ESTATE INV COR	$0	–	-57,000	–	-0.20%	–
HST	Exit	HOST HOTELS and RESORTS INC	$0	–	-77,343	–	-0.21%	–
LSI	Exit	Life Storage Inc	$0	–	-8,000	–	-0.21%	–
SBRA	Exit	SABRA HEALTH CARE REIT INC	$0	–	-61,874	–	-0.22%	–
NHI	Exit	NATL HEALTH INVESTORS INC	$0	–	-14,400	–	-0.22%	–
DOC	Exit	PHYSICIANS REALTY TRUST	$0	–	-51,000	–	-0.23%	–
AIV	Exit	APARTMENT INVT and MGMT CO -A	$0	–	-27,709	–	-0.24%	–
LXP	Exit	LEXINGTON REALTY TRUST	$0	–	-93,000	–	-0.24%	–
DRE	Exit	DUKE REALTY CORP	$0	–	-26,707	–	-0.25%	–
SRC	Exit	SPIRIT REALTY CAPITAL INC	$0	–	-29,400	–	-0.25%	–
IRM	Exit	IRON MOUNTAIN INC	$0	–	-39,500	–	-0.27%	–
WPC	Exit	WP CAREY INC	$0	–	-16,500	–	-0.27%	–
ACC	Exit	AMERICAN CAMPUS COMMUNITIES	$0	–	-31,300	–	-0.28%	–
CUZ	Exit	COUSINS PROPERTIES INC	$0	–	-38,900	–	-0.28%	–
CUBE	Exit	CUBESMART	$0	–	-34,500	–	-0.28%	–
STAG	Exit	STAG INDUSTRIAL INC	$0	–	-36,663	–	-0.28%	–
STOR	Exit	STORE CAPITAL CORP	$0	–	-42,000	–	-0.29%	–
CPT	Exit	CAMDEN PROPERTY TRUST	$0	–	-13,231	–	-0.30%	–
HTA	Exit	HEALTHCARE TRUST OF AME-CL A	$0	–	-47,000	–	-0.31%	–
OHI	Exit	OMEGA HEALTHCARE INVESTORS	$0	–	-41,000	–	-0.31%	–
PBCT	Exit	PEOPLE'S UNITED FINANCIAL	$0	–	-120,000	–	-0.31%	–
REG	Exit	REGENCY CENTERS CORP	$0	–	-32,500	–	-0.31%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-17,000	–	-0.31%	–
HIG	Exit	HARTFORD FINANCIAL SVCS GRP	$0	–	-34,000	–	-0.32%	–
AMH	Exit	AMERICAN HOMES 4 RENT- A	$0	–	-44,000	–	-0.32%	–
L	Exit	LOEWS CORP	$0	–	-36,700	–	-0.32%	–
AFG	Exit	AMERICAN FINANCIAL GROUP INC	$0	–	-19,000	–	-0.32%	–
PEAK	Exit	HCP INC	$0	–	-48,007	–	-0.33%	–
UDR	Exit	UDR INC	$0	–	-40,388	–	-0.33%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INC	$0	–	-76,000	–	-0.34%	–
ILPT	Exit	INDUSTRIAL LOGISTICS PROPERT	$0	–	-61,572	–	-0.34%	–
NLY	Exit	ANNALY CAPITAL MANAGEMENT IN	$0	–	-195,000	–	-0.35%	–
RGA	Exit	REINSURANCE GROUP OF AMERICA	$0	–	-15,000	–	-0.36%	–
CONE	Exit	CYRUSONE INC	$0	–	-20,400	–	-0.36%	–
Y	Exit	ALLEGHANY CORP	$0	–	-2,800	–	-0.37%	–
OMC	Exit	OMNICOM GROUP	$0	–	-29,700	–	-0.37%	–
SNA	Exit	SNAP-ON INC	$0	–	-10,000	–	-0.37%	–
VNO	Exit	VORNADO REALTY TRUST	$0	–	-43,937	–	-0.37%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-14,800	–	-0.38%	–
ESS	Exit	ESSEX PROPERTY TRUST INC	$0	–	-7,700	–	-0.39%	–
AGNC	Exit	AGNC INVESTMENT CORP	$0	–	-112,000	–	-0.39%	–
SLG	Exit	SL GREEN REALTY CORP	$0	–	-33,857	–	-0.40%	–
TRV	Exit	TRAVELERS COS INC/THE	$0	–	-14,900	–	-0.41%	–
GL	Exit	GLOBE LIFE INC	$0	–	-20,200	–	-0.41%	–
WU	Exit	WESTERN UNION CO	$0	–	-75,700	–	-0.41%	–
SEIC	Exit	SEI INVESTMENTS COMPANY	$0	–	-32,000	–	-0.41%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-30,900	–	-0.41%	–
PNW	Exit	PINNACLE WEST CAPITAL	$0	–	-22,000	–	-0.41%	–
HSIC	Exit	HENRY SCHEIN INC	$0	–	-28,000	–	-0.42%	–
AFL	Exit	AFLAC INC	$0	–	-45,900	–	-0.42%	–
ARE	Exit	ALEXANDRIA REAL ESTATE EQUIT	$0	–	-10,550	–	-0.43%	–
MAA	Exit	MID-AMERICA APARTMENT COMM	$0	–	-14,750	–	-0.43%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-61,000	–	-0.44%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-14,300	–	-0.44%	–
USB	Exit	US BANCORP	$0	–	-49,400	–	-0.45%	–
YUM	Exit	YUM! BRANDS INC	$0	–	-19,800	–	-0.46%	–
INVH	Exit	INVITATION HOMES INC	$0	–	-64,565	–	-0.46%	–
K	Exit	KELLOGG CO	$0	–	-28,000	–	-0.46%	–
CNP	Exit	CENTERPOINT ENERGY INC	$0	–	-94,000	–	-0.46%	–
PPL	Exit	PPL CORP	$0	–	-67,700	–	-0.46%	–
MCK	Exit	MCKESSON CORP	$0	–	-13,000	–	-0.49%	–
BR	Exit	BROADRIDGE FINANCIAL SOLUTIO	$0	–	-14,700	–	-0.49%	–
ALL	Exit	ALLSTATE CORP	$0	–	-20,600	–	-0.49%	–
HPQ	Exit	HP INC	$0	–	-103,000	–	-0.49%	–
KR	Exit	KROGER CO	$0	–	-58,000	–	-0.50%	–
CE	Exit	CELANESE CORP-SERIES A	$0	–	-18,500	–	-0.50%	–
CDW	Exit	CDW CORP/DE	$0	–	-16,725	–	-0.50%	–
SYY	Exit	SYSCO CORP	$0	–	-32,200	–	-0.50%	–
AMP	Exit	AMERIPRISE FINANCIAL INC	$0	–	-13,100	–	-0.51%	–
CERN	Exit	CERNER CORP	$0	–	-28,000	–	-0.51%	–
ROST	Exit	ROSS STORES INC	$0	–	-21,800	–	-0.51%	–
MAS	Exit	MASCO CORP	$0	–	-37,200	–	-0.52%	–
EXC	Exit	EXELON CORP	$0	–	-57,500	–	-0.52%	–
WELL	Exit	WELLTOWER INC	$0	–	-37,259	–	-0.52%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-16,100	–	-0.52%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-22,800	–	-0.52%	–
HSY	Exit	HERSHEY CO/THE	$0	–	-14,400	–	-0.52%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-18,000	–	-0.52%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-15,000	–	-0.52%	–
LII	Exit	LENNOX INTERNATIONAL INC	$0	–	-7,600	–	-0.52%	–
GWW	Exit	WW GRAINGER INC	$0	–	-5,800	–	-0.52%	–
ADM	Exit	ARCHER-DANIELS-MIDLAND CO	$0	–	-45,000	–	-0.53%	–
EQR	Exit	EQUITY RESIDENTIAL	$0	–	-41,053	–	-0.53%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-13,500	–	-0.53%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-32,400	–	-0.54%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-44,000	–	-0.54%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GP	$0	–	-38,800	–	-0.54%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-27,000	–	-0.55%	–
AZO	Exit	AUTOZONE INC	$0	–	-1,850	–	-0.55%	–
PPG	Exit	PPG INDUSTRIES INC	$0	–	-18,000	–	-0.55%	–
CLX	Exit	CLOROX COMPANY	$0	–	-10,500	–	-0.56%	–
PAYX	Exit	PAYCHEX INC	$0	–	-28,150	–	-0.57%	–
CHD	Exit	CHURCH and DWIGHT CO INC	$0	–	-24,000	–	-0.57%	–
FISV	Exit	FISERV INC	$0	–	-22,000	–	-0.57%	–
AVB	Exit	AVALONBAY COMMUNITIES INC	$0	–	-15,202	–	-0.57%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-37,000	–	-0.58%	–
MTD	Exit	METTLER-TOLEDO INTERNATIONAL	$0	–	-2,370	–	-0.58%	–
WM	Exit	WASTE MANAGEMENT INC	$0	–	-20,800	–	-0.59%	–
PCLN	Exit	BOOKING HOLDINGS INC	$0	–	-1,400	–	-0.60%	–
BIIB	Exit	BIOGEN INC	$0	–	-8,500	–	-0.61%	–
MNST	Exit	MONSTER BEVERAGE CORP	$0	–	-30,200	–	-0.61%	–
CTSH	Exit	COGNIZANT TECH SOLUTIONS-A	$0	–	-35,000	–	-0.61%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC	$0	–	-5,300	–	-0.62%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-16,600	–	-0.62%	–
DLR	Exit	DIGITAL REALTY TRUST INC	$0	–	-16,947	–	-0.63%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-32,500	–	-0.63%	–
EQIX	Exit	EQUINIX INC	$0	–	-3,300	–	-0.63%	–
TSCO	Exit	TRACTOR SUPPLY COMPANY	$0	–	-17,500	–	-0.63%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-18,000	–	-0.63%	–
PSA	Exit	PUBLIC STORAGE	$0	–	-11,313	–	-0.64%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-46,000	–	-0.64%	–
ANTM	Exit	ANTHEM INC	$0	–	-9,650	–	-0.65%	–
BBY	Exit	BEST BUY CO INC	$0	–	-23,300	–	-0.65%	–
D	Exit	DOMINION ENERGY INC	$0	–	-33,000	–	-0.66%	–
MMC	Exit	MARSH and MCLENNAN COS	$0	–	-22,700	–	-0.66%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-13,600	–	-0.66%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-8,000	–	-0.67%	–
IDXX	Exit	IDEXX LABORATORIES INC	$0	–	-6,800	–	-0.67%	–
SHW	Exit	SHERWIN-WILLIAMS CO/THE	$0	–	-3,850	–	-0.68%	–
SYK	Exit	STRYKER CORP	$0	–	-13,000	–	-0.68%	–
VER	Exit	VEREIT INC	$0	–	-423,242	–	-0.69%	–
EBAY	Exit	EBAY INC	$0	–	-53,000	–	-0.70%	–
HUM	Exit	HUMANA INC	$0	–	-6,700	–	-0.70%	–
BLK	Exit	BLACKROCK INC	$0	–	-5,000	–	-0.71%	–
MMM	Exit	3M CO	$0	–	-17,900	–	-0.72%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC-A	$0	–	-50,000	–	-0.72%	–
INTU	Exit	INTUIT INC	$0	–	-8,875	–	-0.73%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-86,000	–	-0.74%	–
IBM	Exit	INTL BUSINESS MACHINES CORP	$0	–	-24,300	–	-0.75%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-35,500	–	-0.77%	–
ZTS	Exit	ZOETIS INC	$0	–	-18,500	–	-0.77%	–
DG	Exit	DOLLAR GENERAL CORP	$0	–	-14,700	–	-0.78%	–
TGT	Exit	TARGET CORP	$0	–	-20,000	–	-0.79%	–
SPG	Exit	SIMON PROPERTY GROUP INC	$0	–	-48,806	–	-0.80%	–
SPGI	Exit	SandP GLOBAL INC	$0	–	-8,900	–	-0.81%	–
VTR	Exit	VENTAS INC	$0	–	-78,862	–	-0.83%	–
LLY	Exit	ELI LILLY and CO	$0	–	-23,000	–	-0.86%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-24,400	–	-0.88%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-58,000	–	-0.88%	–
ABBV	Exit	ABBVIE INC	$0	–	-40,500	–	-0.89%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-92,500	–	-0.92%	–
AMGN	Exit	AMGEN INC	$0	–	-14,800	–	-0.95%	–
MCD	Exit	MCDONALD'S CORP	$0	–	-17,700	–	-0.98%	–
LOW	Exit	LOWE'S COS INC	$0	–	-23,800	–	-1.00%	–
T	Exit	ATandT INC	$0	–	-149,000	–	-1.07%	–
PEP	Exit	PEPSICO INC	$0	–	-30,700	–	-1.07%	–
PFE	Exit	PFIZER INC	$0	–	-117,100	–	-1.08%	–
MRK	Exit	MERCK and CO. INC.	$0	–	-52,000	–	-1.09%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-80,500	–	-1.21%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-17,200	–	-1.35%	–
HD	Exit	HOME DEPOT INC	$0	–	-19,900	–	-1.39%	–
MA	Exit	MASTERCARD INC - A	$0	–	-16,400	–	-1.40%	–
V	Exit	VISA INC-CLASS A SHARES	$0	–	-28,900	–	-1.46%	–
PLD	Exit	PROLOGIS INC	$0	–	-60,672	–	-1.54%	–
FB	Exit	FACEBOOK INC-A	$0	–	-37,000	–	-2.44%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-60,390	–	-3.20%	–
AAPL	Exit	APPLE INC	$0	–	-144,280	–	-4.21%	–

Q3 2020

			Value		Shares		↓ Weighting
AAPL	Buy	APPLE INC	$16,709,000	+36.4%	144,280	+329.8%	4.21%	+21.5%
MSFT	Buy	MICROSOFT CORP	$12,702,000	+10.7%	60,390	+7.1%	3.20%	-1.4%
V	Buy	VISA INC-CLASS A SHARES	$5,779,000	+5.3%	28,900	+1.8%	1.46%	-6.2%
HD	Buy	HOME DEPOT INC	$5,526,000	+13.7%	19,900	+2.6%	1.39%	+1.2%
UNH	Buy	UNITEDHEALTH GROUP INC	$5,362,000	+8.9%	17,200	+3.0%	1.35%	-3.0%
VZ	Buy	VERIZON COMMUNICATIONS INC	$4,789,000	+16.6%	80,500	+8.1%	1.21%	+3.8%
MRK	Buy	MERCK and CO. INC.	$4,313,000	+13.8%	52,000	+6.1%	1.09%	+1.3%
PFE	Buy	PFIZER INC	$4,298,000	+20.5%	117,100	+7.3%	1.08%	+7.3%
PEP	Buy	PEPSICO INC	$4,255,000	+12.1%	30,700	+7.0%	1.07%	-0.2%
T	Buy	ATandT INC	$4,248,000	+8.9%	149,000	+15.5%	1.07%	-3.0%
MCD	Buy	MCDONALD'S CORP	$3,885,000	+26.1%	17,700	+6.0%	0.98%	+12.3%
AMGN	Buy	AMGEN INC	$3,762,000	+10.0%	14,800	+2.1%	0.95%	-2.1%
CSCO	Buy	CISCO SYSTEMS INC	$3,644,000	-6.4%	92,500	+10.8%	0.92%	-16.6%
ABBV	Buy	ABBVIE INC	$3,547,000	-1.0%	40,500	+11.0%	0.89%	-11.9%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$3,497,000	+8.1%	58,000	+5.5%	0.88%	-3.6%
TXN	Buy	TEXAS INSTRUMENTS INC	$3,484,000	+14.8%	24,400	+2.1%	0.88%	+2.2%
LLY	Buy	ELI LILLY and CO	$3,404,000	-3.6%	23,000	+7.0%	0.86%	-14.1%
VTR	Buy	VENTAS INC	$3,309,000	+17.5%	78,862	+2.6%	0.83%	+4.6%
SPG	Buy	SIMON PROPERTY GROUP INC	$3,157,000	-1.3%	48,806	+4.3%	0.80%	-12.1%
SBUX	Buy	STARBUCKS CORP	$3,050,000	+23.7%	35,500	+6.0%	0.77%	+10.2%
IBM	Buy	INTL BUSINESS MACHINES CORP	$2,957,000	+9.8%	24,300	+9.0%	0.75%	-2.1%
XOM	Buy	EXXON MOBIL CORP	$2,952,000	-13.2%	86,000	+13.2%	0.74%	-22.7%
INTU	Buy	INTUIT INC	$2,895,000	+14.0%	8,875	+3.5%	0.73%	+1.5%
MDLZ	Buy	MONDELEZ INTERNATIONAL INC-A	$2,873,000	+22.2%	50,000	+8.7%	0.72%	+8.7%
MMM	Buy	3M CO	$2,867,000	+12.1%	17,900	+9.1%	0.72%	-0.1%
BLK	Buy	BLACKROCK INC	$2,818,000	+10.2%	5,000	+6.4%	0.71%	-1.9%
VER	Buy	VEREIT INC	$2,752,000	+6.1%	423,242	+5.0%	0.69%	-5.4%
SYK	Buy	STRYKER CORP	$2,709,000	+25.3%	13,000	+8.3%	0.68%	+11.6%
D	Buy	DOMINION ENERGY INC	$2,605,000	+14.6%	33,000	+17.9%	0.66%	+2.2%
MMC	Buy	MARSH and MCLENNAN COS	$2,604,000	+11.8%	22,700	+4.6%	0.66%	-0.5%
ANTM	Buy	ANTHEM INC	$2,592,000	+13.9%	9,650	+11.6%	0.65%	+1.6%
TJX	Buy	TJX COMPANIES INC	$2,560,000	+20.5%	46,000	+9.5%	0.64%	+7.3%
ADP	Buy	AUTOMATIC DATA PROCESSING	$2,511,000	+12.4%	18,000	+20.0%	0.63%	+0.2%
EQIX	Buy	EQUINIX INC	$2,508,000	+11.6%	3,300	+3.1%	0.63%	-0.6%
CL	Buy	COLGATE-PALMOLIVE CO	$2,507,000	+8.6%	32,500	+3.2%	0.63%	-3.2%
ORLY	Buy	O'REILLY AUTOMOTIVE INC	$2,444,000	+15.9%	5,300	+6.0%	0.62%	+3.2%
CTSH	Buy	COGNIZANT TECH SOLUTIONS-A	$2,430,000	+25.8%	35,000	+2.9%	0.61%	+12.1%
BIIB	Buy	BIOGEN INC	$2,411,000	+20.1%	8,500	+13.3%	0.61%	+7.0%
PCLN	Buy	BOOKING HOLDINGS INC	$2,395,000	+15.7%	1,400	+7.7%	0.60%	+3.1%
WM	Buy	WASTE MANAGEMENT INC	$2,354,000	+15.2%	20,800	+7.8%	0.59%	+2.4%
FISV	Buy	FISERV INC	$2,267,000	+16.1%	22,000	+10.0%	0.57%	+3.4%
AVB	Buy	AVALONBAY COMMUNITIES INC	$2,270,000	-0.2%	15,202	+3.4%	0.57%	-11.2%
PAYX	Buy	PAYCHEX INC	$2,246,000	+20.3%	28,150	+14.2%	0.57%	+7.2%
PPG	Buy	PPG INDUSTRIES INC	$2,197,000	+21.9%	18,000	+5.9%	0.55%	+8.6%
AZO	Buy	AUTOZONE INC	$2,179,000	+10.4%	1,850	+5.7%	0.55%	-1.8%
BAX	Buy	BAXTER INTERNATIONAL INC	$2,171,000	+5.1%	27,000	+12.5%	0.55%	-6.5%
CPB	Buy	CAMPBELL SOUP CO	$2,128,000	+42.9%	44,000	+46.7%	0.54%	+27.6%
PEG	Buy	PUBLIC SERVICE ENTERPRISE GP	$2,131,000	+21.1%	38,800	+8.4%	0.54%	+7.8%
EMR	Buy	EMERSON ELECTRIC CO	$2,124,000	+20.5%	32,400	+14.1%	0.54%	+7.4%
MSI	Buy	MOTOROLA SOLUTIONS INC	$2,117,000	+31.4%	13,500	+17.4%	0.53%	+17.1%
EQR	Buy	EQUITY RESIDENTIAL	$2,107,000	-4.6%	41,053	+9.3%	0.53%	-15.0%
ADM	Buy	ARCHER-DANIELS-MIDLAND CO	$2,092,000	+74.8%	45,000	+50.0%	0.53%	+55.5%
EXPD	Buy	EXPEDITORS INTL WASH INC	$2,064,000	+24.5%	22,800	+4.6%	0.52%	+10.9%
HSY	Buy	HERSHEY CO/THE	$2,064,000	+18.8%	14,400	+7.5%	0.52%	+5.7%
DGX	Buy	QUEST DIAGNOSTICS INC	$2,061,000	+6.4%	18,000	+5.9%	0.52%	-5.1%
AVY	Buy	AVERY DENNISON CORP	$2,058,000	+21.1%	16,100	+8.1%	0.52%	+7.9%
EXC	Buy	EXELON CORP	$2,056,000	+19.3%	57,500	+21.1%	0.52%	+6.1%
ROST	Buy	ROSS STORES INC	$2,034,000	+20.5%	21,800	+10.1%	0.51%	+7.3%
CERN	Buy	CERNER CORP	$2,024,000	+13.6%	28,000	+7.7%	0.51%	+1.2%
SYY	Buy	SYSCO CORP	$2,003,000	+23.4%	32,200	+8.4%	0.50%	+10.0%
CDW	Buy	CDW CORP/DE	$1,999,000	+16.8%	16,725	+13.6%	0.50%	+4.1%
CE	Buy	CELANESE CORP-SERIES A	$1,988,000	+48.6%	18,500	+19.4%	0.50%	+32.2%
KR	Buy	KROGER CO	$1,967,000	+9.6%	58,000	+9.4%	0.50%	-2.4%
HPQ	Buy	HP INC	$1,956,000	+18.1%	103,000	+8.4%	0.49%	+5.1%
ALL	Buy	ALLSTATE CORP	$1,939,000	+2.0%	20,600	+5.1%	0.49%	-9.1%
MCK	Buy	MCKESSON CORP	$1,936,000	+14.7%	13,000	+18.2%	0.49%	+2.1%
PPL	Buy	PPL CORP	$1,842,000	+13.7%	67,700	+8.0%	0.46%	+1.1%
CNP	Buy	CENTERPOINT ENERGY INC	$1,819,000	+12.0%	94,000	+8.0%	0.46%	-0.2%
INVH	Buy	INVITATION HOMES INC	$1,807,000	+12.1%	64,565	+10.2%	0.46%	0.0%
K	Buy	KELLOGG CO	$1,809,000	+14.1%	28,000	+16.7%	0.46%	+1.6%
YUM	Buy	YUM! BRANDS INC	$1,808,000	+16.9%	19,800	+11.2%	0.46%	+4.1%
USB	Buy	US BANCORP	$1,771,000	+13.5%	49,400	+16.5%	0.45%	+1.1%
FFIV	Buy	F5 NETWORKS INC	$1,756,000	+2.3%	14,300	+16.3%	0.44%	-8.8%
FE	Buy	FIRSTENERGY CORP	$1,751,000	+10.1%	61,000	+48.8%	0.44%	-2.0%
AFL	Buy	AFLAC INC	$1,668,000	+29.0%	45,900	+27.9%	0.42%	+15.0%
HSIC	Buy	HENRY SCHEIN INC	$1,646,000	+8.4%	28,000	+7.7%	0.42%	-3.5%
PNW	Buy	PINNACLE WEST CAPITAL	$1,640,000	+17.7%	22,000	+15.8%	0.41%	+4.8%
WU	Buy	WESTERN UNION CO	$1,622,000	+6.1%	75,700	+7.1%	0.41%	-5.5%
SEIC	Buy	SEI INVESTMENTS COMPANY	$1,623,000	-1.6%	32,000	+6.7%	0.41%	-12.4%
GL	Buy	GLOBE LIFE INC	$1,614,000	+19.5%	20,200	+11.0%	0.41%	+6.5%
TRV	Buy	TRAVELERS COS INC/THE	$1,612,000	+1.7%	14,900	+7.2%	0.41%	-9.6%
SLG	Buy	SL GREEN REALTY CORP	$1,570,000	+3.2%	33,857	+9.7%	0.40%	-8.1%
AGNC	Buy	AGNC INVESTMENT CORP	$1,558,000	+47.3%	112,000	+36.6%	0.39%	+31.4%
DRI	Buy	DARDEN RESTAURANTS INC	$1,491,000	+42.5%	14,800	+7.2%	0.38%	+27.0%
VNO	Buy	VORNADO REALTY TRUST	$1,481,000	-5.3%	43,937	+7.3%	0.37%	-15.8%
OMC	Buy	OMNICOM GROUP	$1,470,000	+0.8%	29,700	+11.2%	0.37%	-10.2%
SNA	Buy	SNAP-ON INC	$1,471,000	+18.0%	10,000	+11.1%	0.37%	+5.1%
Y	Buy	ALLEGHANY CORP	$1,457,000	+29.5%	2,800	+21.7%	0.37%	+15.4%
RGA	Buy	REINSURANCE GROUP OF AMERICA	$1,428,000	+82.1%	15,000	+50.0%	0.36%	+62.2%
CONE	Buy	CYRUSONE INC	$1,429,000	+7.9%	20,400	+12.1%	0.36%	-4.0%
NLY	Buy	ANNALY CAPITAL MANAGEMENT IN	$1,388,000	+28.3%	195,000	+18.2%	0.35%	+14.4%
UDR	Buy	UDR INC	$1,317,000	-1.8%	40,388	+12.5%	0.33%	-12.6%
AFG	Buy	AMERICAN FINANCIAL GROUP INC	$1,273,000	+43.4%	19,000	+35.7%	0.32%	+27.9%
L	Buy	LOEWS CORP	$1,275,000	+17.3%	36,700	+15.8%	0.32%	+4.2%
HIG	Buy	HARTFORD FINANCIAL SVCS GRP	$1,253,000	+12.1%	34,000	+17.2%	0.32%	0.0%
MAN	Buy	MANPOWERGROUP INC	$1,247,000	+13.4%	17,000	+6.2%	0.31%	+1.0%
REG	Buy	REGENCY CENTERS CORP	$1,236,000	+5.6%	32,500	+27.5%	0.31%	-5.7%
PBCT	Buy	PEOPLE'S UNITED FINANCIAL	$1,237,000	+18.8%	120,000	+33.3%	0.31%	+5.8%
HTA	Buy	HEALTHCARE TRUST OF AME-CL A	$1,222,000	+21.2%	47,000	+23.7%	0.31%	+8.1%
CPT	Sell	CAMDEN PROPERTY TRUST	$1,177,000	-15.3%	13,231	-13.1%	0.30%	-24.4%
WPC	Buy	WP CAREY INC	$1,075,000	+25.1%	16,500	+29.9%	0.27%	+11.5%
IRM	Buy	IRON MOUNTAIN INC	$1,058,000	+11.0%	39,500	+8.2%	0.27%	-1.1%
LXP	Buy	LEXINGTON REALTY TRUST	$972,000	+13.7%	93,000	+14.8%	0.24%	+1.2%
MNR	Buy	MONMOUTH REAL ESTATE INV COR	$789,000	+4.8%	57,000	+9.6%	0.20%	-6.6%
GNL	Buy	GLOBAL NET LEASE INC	$779,000	+3.5%	48,992	+8.9%	0.20%	-8.0%
COR	New	CORESITE REALTY CORP	$690,000	–	5,800	–	0.17%	–
UMH	Buy	UMH PROPERTIES INC	$690,000	+82.1%	50,926	+73.7%	0.17%	+62.6%
HIW	Buy	HIGHWOODS PROPERTIES INC	$634,000	+0.5%	18,898	+11.8%	0.16%	-10.6%
HR	Buy	HEALTHCARE REALTY TRUST INC	$364,000	+203.3%	12,082	+196.0%	0.09%	+170.6%
GLPI	Buy	GAMING AND LEISURE PROPERTIE	$193,000	+11.6%	5,217	+4.3%	0.05%	0.0%
SNR	Buy	NEW SENIOR INVESTMENT GROUP	$147,000	+141.0%	36,863	+118.6%	0.04%	+117.6%
KIM	Sell	KIMCO REALTY CORP	$116,000	-55.6%	10,295	-49.3%	0.03%	-60.8%
CBLAQ	Exit	CBL and ASSOCIATES PROPERTIES	$0	–	-32,000	–	-0.00%	–
DDR	Exit	A SITE CENTER REIT	$0	–	-10,000	–	-0.02%	–

Q2 2020

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$12,246,000	–	33,570	–	3.47%	–
MSFT	New	MICROSOFT CORP	$11,476,000	–	56,390	–	3.25%	–
FB	New	FACEBOOK INC-A	$8,402,000	–	37,000	–	2.38%	–
PLD	New	PROLOGIS INC	$5,663,000	–	60,672	–	1.60%	–
V	New	VISA INC-CLASS A SHARES	$5,486,000	–	28,400	–	1.55%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,926,000	–	16,700	–	1.39%	–
HD	New	HOME DEPOT INC	$4,860,000	–	19,400	–	1.38%	–
MA	New	MASTERCARD INC - A	$4,849,000	–	16,400	–	1.37%	–
VZ	New	VERIZON COMMUNICATIONS INC	$4,107,000	–	74,500	–	1.16%	–
T	New	ATandT INC	$3,900,000	–	129,000	–	1.10%	–
CSCO	New	CISCO SYSTEMS INC	$3,894,000	–	83,500	–	1.10%	–
PEP	New	PEPSICO INC	$3,796,000	–	28,700	–	1.08%	–
MRK	New	MERCK and CO. INC.	$3,789,000	–	49,000	–	1.07%	–
ABBV	New	ABBVIE INC	$3,584,000	–	36,500	–	1.02%	–
PFE	New	PFIZER INC	$3,568,000	–	109,100	–	1.01%	–
LLY	New	ELI LILLY and CO	$3,530,000	–	21,500	–	1.00%	–
AMGN	New	AMGEN INC	$3,420,000	–	14,500	–	0.97%	–
XOM	New	EXXON MOBIL CORP	$3,399,000	–	76,000	–	0.96%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$3,234,000	–	55,000	–	0.92%	–
LOW	New	LOWE'S COS INC	$3,216,000	–	23,800	–	0.91%	–
SPG	New	SIMON PROPERTY GROUP INC	$3,200,000	–	46,806	–	0.91%	–
MCD	New	MCDONALD'S CORP	$3,081,000	–	16,700	–	0.87%	–
TXN	New	TEXAS INSTRUMENTS INC	$3,035,000	–	23,900	–	0.86%	–
SPGI	New	SandP GLOBAL INC	$2,932,000	–	8,900	–	0.83%	–
VTR	New	VENTAS INC	$2,815,000	–	76,862	–	0.80%	–
DG	New	DOLLAR GENERAL CORP	$2,800,000	–	14,700	–	0.79%	–
EBAY	New	EBAY INC	$2,780,000	–	53,000	–	0.79%	–
IBM	New	INTL BUSINESS MACHINES CORP	$2,693,000	–	22,300	–	0.76%	–
HUM	New	HUMANA INC	$2,598,000	–	6,700	–	0.74%	–
VER	New	VEREIT INC	$2,593,000	–	403,242	–	0.73%	–
LRCX	New	LAM RESEARCH CORP	$2,588,000	–	8,000	–	0.73%	–
MMM	New	3M CO	$2,558,000	–	16,400	–	0.72%	–
BLK	New	BLACKROCK INC	$2,557,000	–	4,700	–	0.72%	–
INTU	New	INTUIT INC	$2,540,000	–	8,575	–	0.72%	–
ZTS	New	ZOETIS INC	$2,535,000	–	18,500	–	0.72%	–
SBUX	New	STARBUCKS CORP	$2,465,000	–	33,500	–	0.70%	–
DLR	New	DIGITAL REALTY TRUST INC	$2,408,000	–	16,947	–	0.68%	–
TGT	New	TARGET CORP	$2,399,000	–	20,000	–	0.68%	–
ITW	New	ILLINOIS TOOL WORKS	$2,378,000	–	13,600	–	0.67%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC-A	$2,352,000	–	46,000	–	0.67%	–
KMB	New	KIMBERLY-CLARK CORP	$2,346,000	–	16,600	–	0.66%	–
MMC	New	MARSH and MCLENNAN COS	$2,330,000	–	21,700	–	0.66%	–
TSCO	New	TRACTOR SUPPLY COMPANY	$2,306,000	–	17,500	–	0.65%	–
CL	New	COLGATE-PALMOLIVE CO	$2,308,000	–	31,500	–	0.65%	–
CLX	New	CLOROX COMPANY	$2,303,000	–	10,500	–	0.65%	–
GIS	New	GENERAL MILLS INC	$2,281,000	–	37,000	–	0.65%	–
AVB	New	AVALONBAY COMMUNITIES INC	$2,274,000	–	14,702	–	0.64%	–
ANTM	New	ANTHEM INC	$2,275,000	–	8,650	–	0.64%	–
D	New	DOMINION ENERGY INC	$2,273,000	–	28,000	–	0.64%	–
IDXX	New	IDEXX LABORATORIES INC	$2,245,000	–	6,800	–	0.64%	–
EQIX	New	EQUINIX INC	$2,247,000	–	3,200	–	0.64%	–
ADP	New	AUTOMATIC DATA PROCESSING	$2,233,000	–	15,000	–	0.63%	–
SHW	New	SHERWIN-WILLIAMS CO/THE	$2,225,000	–	3,850	–	0.63%	–
CTXS	New	CITRIX SYSTEMS INC	$2,219,000	–	15,000	–	0.63%	–
EQR	New	EQUITY RESIDENTIAL	$2,209,000	–	37,553	–	0.62%	–
PSA	New	PUBLIC STORAGE	$2,171,000	–	11,313	–	0.62%	–
SYK	New	STRYKER CORP	$2,162,000	–	12,000	–	0.61%	–
TJX	New	TJX COMPANIES INC	$2,124,000	–	42,000	–	0.60%	–
ORLY	New	O'REILLY AUTOMOTIVE INC	$2,108,000	–	5,000	–	0.60%	–
MNST	New	MONSTER BEVERAGE CORP	$2,093,000	–	30,200	–	0.59%	–
PCLN	New	BOOKING HOLDINGS INC	$2,070,000	–	1,300	–	0.59%	–
BAX	New	BAXTER INTERNATIONAL INC	$2,066,000	–	24,000	–	0.58%	–
WM	New	WASTE MANAGEMENT INC	$2,044,000	–	19,300	–	0.58%	–
BBY	New	BEST BUY CO INC	$2,033,000	–	23,300	–	0.58%	–
BIIB	New	BIOGEN INC	$2,007,000	–	7,500	–	0.57%	–
AZO	New	AUTOZONE INC	$1,974,000	–	1,750	–	0.56%	–
AMP	New	AMERIPRISE FINANCIAL INC	$1,966,000	–	13,100	–	0.56%	–
FISV	New	FISERV INC	$1,952,000	–	20,000	–	0.55%	–
DGX	New	QUEST DIAGNOSTICS INC	$1,937,000	–	17,000	–	0.55%	–
CTSH	New	COGNIZANT TECH SOLUTIONS-A	$1,932,000	–	34,000	–	0.55%	–
WELL	New	WELLTOWER INC	$1,928,000	–	37,259	–	0.55%	–
MTD	New	METTLER-TOLEDO INTERNATIONAL	$1,909,000	–	2,370	–	0.54%	–
ALL	New	ALLSTATE CORP	$1,901,000	–	19,600	–	0.54%	–
MAS	New	MASCO CORP	$1,868,000	–	37,200	–	0.53%	–
PAYX	New	PAYCHEX INC	$1,867,000	–	24,650	–	0.53%	–
CHD	New	CHURCH and DWIGHT CO INC	$1,855,000	–	24,000	–	0.52%	–
BR	New	BROADRIDGE FINANCIAL SOLUTIO	$1,855,000	–	14,700	–	0.52%	–
GWW	New	WW GRAINGER INC	$1,822,000	–	5,800	–	0.52%	–
PPG	New	PPG INDUSTRIES INC	$1,803,000	–	17,000	–	0.51%	–
KR	New	KROGER CO	$1,794,000	–	53,000	–	0.51%	–
CERN	New	CERNER CORP	$1,782,000	–	26,000	–	0.50%	–
LII	New	LENNOX INTERNATIONAL INC	$1,771,000	–	7,600	–	0.50%	–
ESS	New	ESSEX PROPERTY TRUST INC	$1,765,000	–	7,700	–	0.50%	–
EMR	New	EMERSON ELECTRIC CO	$1,762,000	–	28,400	–	0.50%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GP	$1,760,000	–	35,800	–	0.50%	–
HSY	New	HERSHEY CO/THE	$1,737,000	–	13,400	–	0.49%	–
EXC	New	EXELON CORP	$1,724,000	–	47,500	–	0.49%	–
FFIV	New	F5 NETWORKS INC	$1,716,000	–	12,300	–	0.49%	–
ARE	New	ALEXANDRIA REAL ESTATE EQUIT	$1,712,000	–	10,550	–	0.48%	–
CDW	New	CDW CORP/DE	$1,711,000	–	14,725	–	0.48%	–
AVY	New	AVERY DENNISON CORP	$1,700,000	–	14,900	–	0.48%	–
MAA	New	MID-AMERICA APARTMENT COMM	$1,691,000	–	14,750	–	0.48%	–
MCK	New	MCKESSON CORP	$1,688,000	–	11,000	–	0.48%	–
ROST	New	ROSS STORES INC	$1,688,000	–	19,800	–	0.48%	–
HPQ	New	HP INC	$1,656,000	–	95,000	–	0.47%	–
EXPD	New	EXPEDITORS INTL WASH INC	$1,658,000	–	21,800	–	0.47%	–
SEIC	New	SEI INVESTMENTS COMPANY	$1,649,000	–	30,000	–	0.47%	–
RHI	New	ROBERT HALF INTL INC	$1,632,000	–	30,900	–	0.46%	–
CNP	New	CENTERPOINT ENERGY INC	$1,624,000	–	87,000	–	0.46%	–
PPL	New	PPL CORP	$1,620,000	–	62,700	–	0.46%	–
SYY	New	SYSCO CORP	$1,623,000	–	29,700	–	0.46%	–
INVH	New	INVITATION HOMES INC	$1,612,000	–	58,565	–	0.46%	–
MSI	New	MOTOROLA SOLUTIONS INC	$1,611,000	–	11,500	–	0.46%	–
FE	New	FIRSTENERGY CORP	$1,590,000	–	41,000	–	0.45%	–
K	New	KELLOGG CO	$1,585,000	–	24,000	–	0.45%	–
TRV	New	TRAVELERS COS INC/THE	$1,585,000	–	13,900	–	0.45%	–
VNO	New	VORNADO REALTY TRUST	$1,564,000	–	40,937	–	0.44%	–
USB	New	US BANCORP	$1,561,000	–	42,400	–	0.44%	–
YUM	New	YUM! BRANDS INC	$1,547,000	–	17,800	–	0.44%	–
WU	New	WESTERN UNION CO	$1,529,000	–	70,700	–	0.43%	–
SLG	New	SL GREEN REALTY CORP	$1,521,000	–	30,857	–	0.43%	–
HSIC	New	HENRY SCHEIN INC	$1,518,000	–	26,000	–	0.43%	–
CPB	New	CAMPBELL SOUP CO	$1,489,000	–	30,000	–	0.42%	–
OMC	New	OMNICOM GROUP	$1,458,000	–	26,700	–	0.41%	–
MPW	New	MEDICAL PROPERTIES TRUST INC	$1,429,000	–	76,000	–	0.40%	–
PNW	New	PINNACLE WEST CAPITAL	$1,393,000	–	19,000	–	0.39%	–
CPT	New	CAMDEN PROPERTY TRUST	$1,389,000	–	15,231	–	0.39%	–
GL	New	GLOBE LIFE INC	$1,351,000	–	18,200	–	0.38%	–
UDR	New	UDR INC	$1,341,000	–	35,888	–	0.38%	–
CE	New	CELANESE CORP-SERIES A	$1,338,000	–	15,500	–	0.38%	–
PEAK	New	HCP INC	$1,323,000	–	48,007	–	0.38%	–
CONE	New	CYRUSONE INC	$1,324,000	–	18,200	–	0.38%	–
AFL	New	AFLAC INC	$1,293,000	–	35,900	–	0.37%	–
ILPT	New	INDUSTRIAL LOGISTICS PROPERT	$1,265,000	–	61,572	–	0.36%	–
SNA	New	SNAP-ON INC	$1,247,000	–	9,000	–	0.35%	–
OHI	New	OMEGA HEALTHCARE INVESTORS	$1,219,000	–	41,000	–	0.34%	–
ADM	New	ARCHER-DANIELS-MIDLAND CO	$1,197,000	–	30,000	–	0.34%	–
AMH	New	AMERICAN HOMES 4 RENT- A	$1,184,000	–	44,000	–	0.34%	–
REG	New	REGENCY CENTERS CORP	$1,170,000	–	25,500	–	0.33%	–
CUZ	New	COUSINS PROPERTIES INC	$1,160,000	–	38,900	–	0.33%	–
Y	New	ALLEGHANY CORP	$1,125,000	–	2,300	–	0.32%	–
HIG	New	HARTFORD FINANCIAL SVCS GRP	$1,118,000	–	29,000	–	0.32%	–
MAN	New	MANPOWERGROUP INC	$1,100,000	–	16,000	–	0.31%	–
ACC	New	AMERICAN CAMPUS COMMUNITIES	$1,094,000	–	31,300	–	0.31%	–
L	New	LOEWS CORP	$1,087,000	–	31,700	–	0.31%	–
NLY	New	ANNALY CAPITAL MANAGEMENT IN	$1,082,000	–	165,000	–	0.31%	–
STAG	New	STAG INDUSTRIAL INC	$1,075,000	–	36,663	–	0.30%	–
AGNC	New	AGNC INVESTMENT CORP	$1,058,000	–	82,000	–	0.30%	–
DRI	New	DARDEN RESTAURANTS INC	$1,046,000	–	13,800	–	0.30%	–
PBCT	New	PEOPLE'S UNITED FINANCIAL	$1,041,000	–	90,000	–	0.30%	–
AIV	New	APARTMENT INVT and MGMT CO -A	$1,043,000	–	27,709	–	0.30%	–
SRC	New	SPIRIT REALTY CAPITAL INC	$1,025,000	–	29,400	–	0.29%	–
HTA	New	HEALTHCARE TRUST OF AME-CL A	$1,008,000	–	38,000	–	0.28%	–
STOR	New	STORE CAPITAL CORP	$1,000,000	–	42,000	–	0.28%	–
IRM	New	IRON MOUNTAIN INC	$953,000	–	36,500	–	0.27%	–
DRE	New	DUKE REALTY CORP	$945,000	–	26,707	–	0.27%	–
CUBE	New	CUBESMART	$931,000	–	34,500	–	0.26%	–
DOC	New	PHYSICIANS REALTY TRUST	$894,000	–	51,000	–	0.25%	–
SBRA	New	SABRA HEALTH CARE REIT INC	$893,000	–	61,874	–	0.25%	–
AFG	New	AMERICAN FINANCIAL GROUP INC	$888,000	–	14,000	–	0.25%	–
NHI	New	NATL HEALTH INVESTORS INC	$874,000	–	14,400	–	0.25%	–
WPC	New	WP CAREY INC	$859,000	–	12,700	–	0.24%	–
LXP	New	LEXINGTON REALTY TRUST	$855,000	–	81,000	–	0.24%	–
HST	New	HOST HOTELS and RESORTS INC	$835,000	–	77,343	–	0.24%	–
RGA	New	REINSURANCE GROUP OF AMERICA	$784,000	–	10,000	–	0.22%	–
BDN	New	BRANDYWINE REALTY TRUST	$779,000	–	71,500	–	0.22%	–
LSI	New	Life Storage Inc	$760,000	–	8,000	–	0.22%	–
MNR	New	MONMOUTH REAL ESTATE INV COR	$753,000	–	52,000	–	0.21%	–
GNL	New	GLOBAL NET LEASE INC	$753,000	–	44,992	–	0.21%	–
BRX	New	BRIXMOR PROPERTY GROUP INC	$650,000	–	50,711	–	0.18%	–
HIW	New	HIGHWOODS PROPERTIES INC	$631,000	–	16,898	–	0.18%	–
BXP	New	BOSTON PROPERTIES INC	$616,000	–	6,814	–	0.17%	–
HPP	New	HUDSON PACIFIC PROPERTIES IN	$591,000	–	23,500	–	0.17%	–
DHC	New	Diversified Healthcare Trust	$567,000	–	128,100	–	0.16%	–
IIPR	New	INNOVATIVE INDUSTRIAL PROPER	$484,000	–	5,500	–	0.14%	–
APTS	New	PREFERRED APARTMENT COMMUN-A	$471,000	–	62,000	–	0.13%	–
EPRT	New	ESSENTIAL PROPERTIES REALTY	$460,000	–	31,000	–	0.13%	–
CXP	New	COLUMBIA PROPERTY TRUST INC	$394,000	–	30,000	–	0.11%	–
OFC	New	CORPORATE OFFICE PROPERTIES	$393,000	–	15,500	–	0.11%	–
KRC	New	KILROY REALTY CORP	$382,000	–	6,500	–	0.11%	–
UMH	New	UMH PROPERTIES INC	$379,000	–	29,313	–	0.11%	–
CLNS	New	Colony Capital Inc	$377,000	–	157,286	–	0.11%	–
OPI	New	OFFICE PROPERTIES INCOME TRUST	$330,000	–	12,714	–	0.09%	–
EPR	New	EPR PROPERTIES	$318,000	–	9,600	–	0.09%	–
WRE	New	WASHINGTON REIT	$311,000	–	14,000	–	0.09%	–
DEI	New	DOUGLAS EMMETT INC	$276,000	–	9,000	–	0.08%	–
RLJ	New	RLJ LODGING TRUST	$272,000	–	28,800	–	0.08%	–
KIM	New	KIMCO REALTY CORP	$261,000	–	20,295	–	0.07%	–
GMRE	New	GLOBAL MEDICAL REIT INC	$240,000	–	21,200	–	0.07%	–
QTS	New	QTS REALTY TRUST INC-CL A	$224,000	–	3,500	–	0.06%	–
KW	New	KENNEDY-WILSON HOLDINGS INC	$206,000	–	13,509	–	0.06%	–
ESRT	New	EMPIRE STATE REALTY TRUST-A	$203,000	–	29,000	–	0.06%	–
SKT	New	TANGER FACTORY OUTLET CENTER	$203,000	–	28,500	–	0.06%	–
UBA	New	URSTADT BIDDLE - CLASS A	$202,000	–	17,000	–	0.06%	–
KRG	New	KITE REALTY GROUP TRUST	$201,000	–	17,400	–	0.06%	–
GLPI	New	GAMING AND LEISURE PROPERTIE	$173,000	–	5,000	–	0.05%	–
HPT	New	SERVICE PROPERTIES TRUST	$144,000	–	20,266	–	0.04%	–
AHH	New	ARMADA HOFFLER PROPERTIES IN	$130,000	–	13,101	–	0.04%	–
APLE	New	APPLE HOSPITALITY REIT INC	$126,000	–	13,000	–	0.04%	–
HR	New	HEALTHCARE REALTY TRUST INC	$120,000	–	4,082	–	0.03%	–
INN	New	SUMMIT HOTEL PROPERTIES INC	$111,000	–	18,700	–	0.03%	–
CLI	New	MACK-CALI REALTY CORP	$92,000	–	6,000	–	0.03%	–
PEB	New	PEBBLEBROOK HOTEL TRUST	$87,000	–	6,355	–	0.02%	–
PK	New	PARK HOTELS and RESORTS INC	$90,000	–	9,106	–	0.02%	–
BMYRT	New	BRISTOL-MYERS SQUIBB-CVR	$82,000	–	23,000	–	0.02%	–
DDR	New	A SITE CENTER REIT	$81,000	–	10,000	–	0.02%	–
MAC	New	MACERICH CO/THE	$78,000	–	8,692	–	0.02%	–
SNR	New	NEW SENIOR INVESTMENT GROUP	$61,000	–	16,863	–	0.02%	–
CLDT	New	CHATHAM LODGING TRUST	$55,000	–	9,000	–	0.02%	–
EGP	New	EASTGROUP PROPERTIES INC	$50,000	–	422	–	0.01%	–
HT	New	HERSHA HOSPITALITY TRUST	$46,000	–	8,000	–	0.01%	–
CBLAQ	New	CBL and ASSOCIATES PROPERTIES	$9,000	–	32,000	–	0.00%	–
RVI	New	RETAIL VALUE INC	$1,000	–	102	–	0.00%	–
NYRT	New	NEW YORK REIT INC liquidation shs	$0	–	2,200	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
NYRT	Exit	NEW YORK REIT INC liquidation shs	$0	–	-2,200	–	0.00%	–
RVI	Exit	RETAIL VALUE INC	$0	–	-99	–	-0.00%	–
CBLAQ	Exit	CBL and ASSOCIATES PROPERTIES	$0	–	-32,000	–	-0.01%	–
RMR	Exit	RMR GROUP INC/THE - A	$0	–	-1,069	–	-0.02%	–
SNR	Exit	NEW SENIOR INVESTMENT GROUP	$0	–	-16,863	–	-0.04%	–
FPI	Exit	FARMLAND PARTNERS INC	$0	–	-17,000	–	-0.04%	–
HR	Exit	HEALTHCARE REALTY TRUST INC	$0	–	-4,082	–	-0.04%	–
HT	Exit	HERSHA HOSPITALITY TRUST	$0	–	-8,000	–	-0.04%	–
FSP	Exit	FRANKLIN STREET PROPERTIES C	$0	–	-20,000	–	-0.04%	–
UNIT	Exit	UNITI GROUP INC	$0	–	-16,000	–	-0.05%	–
DRH	Exit	DIAMONDROCK HOSPITALITY CO	$0	–	-15,000	–	-0.05%	–
WRE	Exit	WASHINGTON REIT	$0	–	-6,000	–	-0.05%	–
CLDT	Exit	CHATHAM LODGING TRUST	$0	–	-9,000	–	-0.05%	–
SHO	Exit	SUNSTONE HOTEL INVESTORS INC	$0	–	-13,000	–	-0.05%	–
APLE	Exit	APPLE HOSPITALITY REIT INC	$0	–	-13,000	–	-0.06%	–
INN	Exit	SUMMIT HOTEL PROPERTIES INC	$0	–	-18,700	–	-0.06%	–
AHH	Exit	ARMADA HOFFLER PROPERTIES IN	$0	–	-13,101	–	-0.07%	–
TCO	Exit	TAUBMAN CENTERS INC	$0	–	-6,000	–	-0.08%	–
ESRT	Exit	EMPIRE STATE REALTY TRUST-A	$0	–	-17,000	–	-0.08%	–
INVH	Exit	INVITATION HOMES INC	$0	–	-9,684	–	-0.08%	–
MAC	Exit	MACERICH CO/THE	$0	–	-8,266	–	-0.08%	–
KW	Exit	KENNEDY-WILSON HOLDINGS INC	$0	–	-13,509	–	-0.08%	–
WRI	Exit	WEINGARTEN REALTY INVESTORS	$0	–	-10,314	–	-0.09%	–
DDR	Exit	A SITE CENTER REIT	$0	–	-22,000	–	-0.09%	–
KRC	Exit	KILROY REALTY CORP	$0	–	-4,000	–	-0.09%	–
RPT	Exit	RPT REALTY	$0	–	-25,100	–	-0.09%	–
OPI	Exit	OFFICE PROPERTIES INCOME TRUST	$0	–	-12,714	–	-0.10%	–
PEB	Exit	PEBBLEBROOK HOTEL TRUST	$0	–	-12,355	–	-0.11%	–
UBA	Exit	URSTADT BIDDLE - CLASS A	$0	–	-17,000	–	-0.11%	–
EGP	Exit	EASTGROUP PROPERTIES INC	$0	–	-3,122	–	-0.11%	–
QTS	Exit	QTS REALTY TRUST INC-CL A	$0	–	-8,000	–	-0.11%	–
KIM	Exit	KIMCO REALTY CORP	$0	–	-20,295	–	-0.12%	–
KRG	Exit	KITE REALTY GROUP TRUST	$0	–	-25,400	–	-0.12%	–
CHSP	Exit	CHESAPEAKE LODGING TRUST	$0	–	-14,500	–	-0.13%	–
APTS	Exit	PREFERRED APARTMENT COMMUN-A	$0	–	-30,000	–	-0.14%	–
UMH	Exit	UMH PROPERTIES INC	$0	–	-37,000	–	-0.14%	–
SKT	Exit	TANGER FACTORY OUTLET CENTER	$0	–	-28,500	–	-0.14%	–
LSI	Exit	Life Storage Inc	$0	–	-5,000	–	-0.14%	–
DRE	Exit	DUKE REALTY CORP	$0	–	-15,707	–	-0.15%	–
RLJ	Exit	RLJ LODGING TRUST	$0	–	-28,800	–	-0.16%	–
LXP	Exit	LEXINGTON REALTY TRUST	$0	–	-56,000	–	-0.16%	–
GNL	Exit	GLOBAL NET LEASE INC	$0	–	-29,992	–	-0.18%	–
CXP	Exit	COLUMBIA PROPERTY TRUST INC	$0	–	-30,000	–	-0.19%	–
SNH	Exit	SENIOR HOUSING PROP TRUST	$0	–	-76,100	–	-0.19%	–
CLNS	Exit	Colony Capital Inc	$0	–	-127,286	–	-0.19%	–
CLI	Exit	MACK-CALI REALTY CORP	$0	–	-28,000	–	-0.20%	–
SRC	Exit	SPIRIT REALTY CAPITAL INC	$0	–	-15,400	–	-0.20%	–
HPT	Exit	HOSPITALITY PROPERTIES TRUST	$0	–	-27,266	–	-0.21%	–
STOR	Exit	STORE CAPITAL CORP	$0	–	-21,000	–	-0.21%	–
HIW	Exit	HIGHWOODS PROPERTIES INC	$0	–	-16,898	–	-0.21%	–
MNR	Exit	MONMOUTH REAL ESTATE INV COR	$0	–	-52,000	–	-0.22%	–
CUBE	Exit	CUBESMART	$0	–	-22,000	–	-0.22%	–
OHI	Exit	OMEGA HEALTHCARE INVESTORS	$0	–	-20,000	–	-0.22%	–
NHI	Exit	NATL HEALTH INVESTORS INC	$0	–	-9,500	–	-0.23%	–
BRX	Exit	BRIXMOR PROPERTY GROUP INC	$0	–	-41,711	–	-0.23%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-5,814	–	-0.23%	–
DOC	Exit	PHYSICIANS REALTY TRUST	$0	–	-44,000	–	-0.23%	–
STAG	Exit	STAG INDUSTRIAL INC	$0	–	-25,500	–	-0.24%	–
AMH	Exit	AMERICAN HOMES 4 RENT- A	$0	–	-32,000	–	-0.24%	–
HPP	Exit	HUDSON PACIFIC PROPERTIES IN	$0	–	-23,500	–	-0.24%	–
ESS	Exit	ESSEX PROPERTY TRUST INC	$0	–	-3,000	–	-0.27%	–
OFC	Exit	CORPORATE OFFICE PROPERTIES	$0	–	-33,500	–	-0.27%	–
HTA	Exit	HEALTHCARE TRUST OF AME-CL A	$0	–	-33,000	–	-0.28%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INC	$0	–	-52,000	–	-0.28%	–
CONE	Exit	CYRUSONE INC	$0	–	-17,200	–	-0.30%	–
UDR	Exit	UDR INC	$0	–	-22,519	–	-0.31%	–
ACC	Exit	AMERICAN CAMPUS COMMUNITIES	$0	–	-22,000	–	-0.31%	–
IRM	Exit	IRON MOUNTAIN INC	$0	–	-32,500	–	-0.31%	–
SBRA	Exit	SABRA HEALTH CARE REIT INC	$0	–	-51,874	–	-0.31%	–
BDN	Exit	BRANDYWINE REALTY TRUST	$0	–	-71,500	–	-0.31%	–
AIV	Exit	APARTMENT INVT and MGMT CO -A	$0	–	-20,509	–	-0.31%	–
EPR	Exit	EPR PROPERTIES	$0	–	-15,000	–	-0.34%	–
LPT	Exit	LIBERTY PROPERTY TRUST	$0	–	-22,984	–	-0.35%	–
GLPI	Exit	GAMING AND LEISURE PROPERTIE	$0	–	-30,500	–	-0.36%	–
ARE	Exit	ALEXANDRIA REAL ESTATE EQUIT	$0	–	-8,550	–	-0.37%	–
HST	Exit	HOST HOTELS and RESORTS INC	$0	–	-67,343	–	-0.38%	–
CPT	Exit	CAMDEN PROPERTY TRUST	$0	–	-12,231	–	-0.39%	–
ILPT	Exit	INDUSTRIAL LOGISTICS PROPERT	$0	–	-61,572	–	-0.39%	–
CUZ	Exit	COUSINS PROPERTIES INC	$0	–	-35,900	–	-0.40%	–
CDK	Exit	CDK GLOBAL INC	$0	–	-26,950	–	-0.41%	–
CHRW	Exit	C.H. ROBINSON WORLDWIDE INC	$0	–	-16,000	–	-0.41%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-9,300	–	-0.41%	–
GWW	Exit	WW GRAINGER INC	$0	–	-5,100	–	-0.42%	–
HCP	Exit	HCP INC	$0	–	-43,007	–	-0.42%	–
AGNC	Exit	AGNC INVESTMENT CORP	$0	–	-82,000	–	-0.42%	–
WAT	Exit	WATERS CORP	$0	–	-6,500	–	-0.43%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-18,200	–	-0.43%	–
AFG	Exit	AMERICAN FINANCIAL GROUP INC	$0	–	-14,000	–	-0.44%	–
ETFC	Exit	ETRADE FINANCIAL CORP	$0	–	-33,000	–	-0.45%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-15,000	–	-0.45%	–
RL	Exit	RALPH LAUREN CORP	$0	–	-13,000	–	-0.45%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-25,900	–	-0.45%	–
NTAP	Exit	NETAPP INC	$0	–	-24,000	–	-0.45%	–
WU	Exit	WESTERN UNION CO	$0	–	-74,500	–	-0.45%	–
CNP	Exit	CENTERPOINT ENERGY INC	$0	–	-52,000	–	-0.46%	–
SNA	Exit	SNAP-ON INC	$0	–	-9,000	–	-0.46%	–
REG	Exit	REGENCY CENTERS CORP	$0	–	-22,500	–	-0.46%	–
AOS	Exit	SMITH (A.O.) CORP	$0	–	-31,900	–	-0.46%	–
NLY	Exit	ANNALY CAPITAL MANAGEMENT IN	$0	–	-165,000	–	-0.46%	–
PBCT	Exit	PEOPLE'S UNITED FINANCIAL	$0	–	-90,000	–	-0.46%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-9,400	–	-0.47%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-16,000	–	-0.47%	–
RGA	Exit	REINSURANCE GROUP OF AMERICA	$0	–	-10,000	–	-0.48%	–
Y	Exit	ALLEGHANY CORP	$0	–	-2,300	–	-0.48%	–
SEIC	Exit	SEI INVESTMENTS COMPANY	$0	–	-28,000	–	-0.48%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-20,800	–	-0.48%	–
KLAC	Exit	KLA-TENCOR CORP	$0	–	-13,500	–	-0.49%	–
MAA	Exit	MID-AMERICA APARTMENT COMM	$0	–	-13,550	–	-0.49%	–
CLX	Exit	CLOROX COMPANY	$0	–	-10,500	–	-0.49%	–
CERN	Exit	CERNER CORP	$0	–	-22,000	–	-0.49%	–
HIG	Exit	HARTFORD FINANCIAL SVCS GRP	$0	–	-29,000	–	-0.49%	–
NTRS	Exit	NORTHERN TRUST CORP	$0	–	-18,000	–	-0.50%	–
TMK	Exit	TORCHMARK CORP	$0	–	-18,200	–	-0.50%	–
PPL	Exit	PPL CORP	$0	–	-52,700	–	-0.50%	–
FAST	Exit	FASTENAL CO	$0	–	-51,000	–	-0.51%	–
BBY	Exit	BEST BUY CO INC	$0	–	-23,900	–	-0.51%	–
LEA	Exit	LEAR CORP	$0	–	-12,000	–	-0.51%	–
CE	Exit	CELANESE CORP-SERIES A	$0	–	-15,500	–	-0.51%	–
MSCI	Exit	MSCI INC	$0	–	-7,000	–	-0.51%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-13,800	–	-0.51%	–
MNST	Exit	MONSTER BEVERAGE CORP	$0	–	-26,500	–	-0.52%	–
OMC	Exit	OMNICOM GROUP	$0	–	-20,700	–	-0.52%	–
DLR	Exit	DIGITAL REALTY TRUST INC	$0	–	-14,447	–	-0.52%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-40,000	–	-0.52%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-14,900	–	-0.53%	–
L	Exit	LOEWS CORP	$0	–	-31,700	–	-0.53%	–
SYY	Exit	SYSCO CORP	$0	–	-24,700	–	-0.53%	–
BIIB	Exit	BIOGEN INC	$0	–	-7,500	–	-0.54%	–
HLT	Exit	HILTON WORLDWIDE HOLDINGS IN	$0	–	-18,000	–	-0.54%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC	$0	–	-4,800	–	-0.54%	–
HUM	Exit	HUMANA INC	$0	–	-6,700	–	-0.54%	–
PAYX	Exit	PAYCHEX INC	$0	–	-21,650	–	-0.54%	–
TSCO	Exit	TRACTOR SUPPLY COMPANY	$0	–	-16,500	–	-0.55%	–
LII	Exit	LENNOX INTERNATIONAL INC	$0	–	-6,600	–	-0.55%	–
EQR	Exit	EQUITY RESIDENTIAL	$0	–	-23,953	–	-0.56%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-11,000	–	-0.56%	–
IEX	Exit	IDEX CORP	$0	–	-10,700	–	-0.56%	–
CTAS	Exit	CINTAS CORP	$0	–	-7,800	–	-0.56%	–
MAS	Exit	MASCO CORP	$0	–	-47,200	–	-0.57%	–
CDW	Exit	CDW CORP/DE	$0	–	-16,725	–	-0.57%	–
EBAY	Exit	EBAY INC	$0	–	-47,000	–	-0.57%	–
ROST	Exit	ROSS STORES INC	$0	–	-18,800	–	-0.57%	–
PPG	Exit	PPG INDUSTRIES INC	$0	–	-16,000	–	-0.57%	–
AZO	Exit	AUTOZONE INC	$0	–	-1,700	–	-0.57%	–
BR	Exit	BROADRIDGE FINANCIAL SOLUTIO	$0	–	-14,700	–	-0.57%	–
SHW	Exit	SHERWIN-WILLIAMS CO/THE	$0	–	-4,100	–	-0.57%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-28,400	–	-0.58%	–
TGT	Exit	TARGET CORP	$0	–	-22,000	–	-0.58%	–
MTD	Exit	METTLER-TOLEDO INTERNATIONAL	$0	–	-2,270	–	-0.58%	–
EXC	Exit	EXELON CORP	$0	–	-40,000	–	-0.59%	–
AMP	Exit	AMERIPRISE FINANCIAL INC	$0	–	-13,300	–	-0.59%	–
HSY	Exit	HERSHEY CO/THE	$0	–	-14,600	–	-0.60%	–
AFL	Exit	AFLAC INC	$0	–	-35,900	–	-0.60%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-24,000	–	-0.60%	–
YUM	Exit	YUM! BRANDS INC	$0	–	-17,800	–	-0.60%	–
WELL	Exit	WELLTOWER INC	$0	–	-24,247	–	-0.60%	–
DG	Exit	DOLLAR GENERAL CORP	$0	–	-14,700	–	-0.61%	–
ALL	Exit	ALLSTATE CORP	$0	–	-19,600	–	-0.61%	–
SLG	Exit	SL GREEN REALTY CORP	$0	–	-25,357	–	-0.62%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-13,600	–	-0.63%	–
TRV	Exit	TRAVELERS COS INC/THE	$0	–	-13,900	–	-0.64%	–
D	Exit	DOMINION ENERGY INC	$0	–	-27,000	–	-0.64%	–
AVB	Exit	AVALONBAY COMMUNITIES INC	$0	–	-10,302	–	-0.64%	–
PSA	Exit	PUBLIC STORAGE	$0	–	-8,813	–	-0.64%	–
CELG	Exit	CELGENE CORP	$0	–	-23,000	–	-0.65%	–
	Exit	INGERSOLL-RAND PLC	$0	–	-16,800	–	-0.65%	–
VNO	Exit	VORNADO REALTY TRUST	$0	–	-33,237	–	-0.65%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-47,000	–	-0.65%	–
ANTM	Exit	ANTHEM INC	$0	–	-7,650	–	-0.66%	–
MMC	Exit	MARSH and MCLENNAN COS	$0	–	-21,700	–	-0.66%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-41,000	–	-0.66%	–
SO	Exit	SOUTHERN CO/THE	$0	–	-39,500	–	-0.67%	–
SPGI	Exit	SandP GLOBAL INC	$0	–	-9,700	–	-0.68%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-16,600	–	-0.68%	–
USB	Exit	US BANCORP	$0	–	-42,400	–	-0.68%	–
WM	Exit	WASTE MANAGEMENT INC	$0	–	-19,300	–	-0.68%	–
INTU	Exit	INTUIT INC	$0	–	-8,575	–	-0.68%	–
CSX	Exit	CSX CORP	$0	–	-30,000	–	-0.71%	–
SYK	Exit	STRYKER CORP	$0	–	-11,400	–	-0.72%	–
LOW	Exit	LOWE'S COS INC	$0	–	-23,300	–	-0.72%	–
LLY	Exit	ELI LILLY and CO	$0	–	-21,500	–	-0.73%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-14,500	–	-0.73%	–
ZTS	Exit	ZOETIS INC	$0	–	-21,200	–	-0.74%	–
PCLN	Exit	BOOKING HOLDINGS INC	$0	–	-1,300	–	-0.74%	–
MMM	Exit	3M CO	$0	–	-14,400	–	-0.76%	–
ABBV	Exit	ABBVIE INC	$0	–	-36,500	–	-0.81%	–
IBM	Exit	INTL BUSINESS MACHINES CORP	$0	–	-19,300	–	-0.81%	–
AMGN	Exit	AMGEN INC	$0	–	-14,500	–	-0.82%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-23,400	–	-0.82%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-33,500	–	-0.86%	–
VER	Exit	VEREIT INC	$0	–	-313,000	–	-0.86%	–
PLD	Exit	PROLOGIS INC	$0	–	-36,183	–	-0.88%	–
MCD	Exit	MCDONALD'S CORP	$0	–	-15,700	–	-1.00%	–
PEP	Exit	PEPSICO INC	$0	–	-27,700	–	-1.11%	–
VTR	Exit	VENTAS INC	$0	–	-53,362	–	-1.11%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-72,000	–	-1.20%	–
MRK	Exit	MERCK and CO. INC.	$0	–	-47,000	–	-1.20%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-16,200	–	-1.21%	–
HD	Exit	HOME DEPOT INC	$0	–	-19,400	–	-1.23%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-71,500	–	-1.25%	–
PFE	Exit	PFIZER INC	$0	–	-96,600	–	-1.28%	–
MA	Exit	MASTERCARD INC - A	$0	–	-16,400	–	-1.32%	–
V	Exit	VISA INC-CLASS A SHARES	$0	–	-27,400	–	-1.45%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-65,000	–	-1.52%	–
SPG	Exit	SIMON PROPERTY GROUP INC	$0	–	-36,506	–	-1.78%	–
AAPL	Exit	APPLE INC	$0	–	-40,770	–	-2.46%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-60,890	–	-2.49%	–

Q2 2019

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$8,157,000	–	60,890	–	2.49%	–
AAPL	New	APPLE INC	$8,069,000	–	40,770	–	2.46%	–
SPG	New	SIMON PROPERTY GROUP INC	$5,832,000	–	36,506	–	1.78%	–
XOM	New	EXXON MOBIL CORP	$4,981,000	–	65,000	–	1.52%	–
V	New	VISA INC-CLASS A SHARES	$4,755,000	–	27,400	–	1.45%	–
MA	New	MASTERCARD INC - A	$4,338,000	–	16,400	–	1.32%	–
PFE	New	PFIZER INC	$4,185,000	–	96,600	–	1.28%	–
VZ	New	VERIZON COMMUNICATIONS INC	$4,085,000	–	71,500	–	1.25%	–
HD	New	HOME DEPOT INC	$4,035,000	–	19,400	–	1.23%	–
UNH	New	UNITEDHEALTH GROUP INC	$3,953,000	–	16,200	–	1.21%	–
CSCO	New	CISCO SYSTEMS INC	$3,941,000	–	72,000	–	1.20%	–
MRK	New	MERCK and CO. INC.	$3,941,000	–	47,000	–	1.20%	–
VTR	New	VENTAS INC	$3,648,000	–	53,362	–	1.11%	–
PEP	New	PEPSICO INC	$3,632,000	–	27,700	–	1.11%	–
MCD	New	MCDONALD'S CORP	$3,260,000	–	15,700	–	1.00%	–
PLD	New	PROLOGIS INC	$2,898,000	–	36,183	–	0.88%	–
VER	New	VEREIT INC	$2,821,000	–	313,000	–	0.86%	–
SBUX	New	STARBUCKS CORP	$2,808,000	–	33,500	–	0.86%	–
TXN	New	TEXAS INSTRUMENTS INC	$2,685,000	–	23,400	–	0.82%	–
AMGN	New	AMGEN INC	$2,672,000	–	14,500	–	0.82%	–
IBM	New	INTL BUSINESS MACHINES CORP	$2,661,000	–	19,300	–	0.81%	–
ABBV	New	ABBVIE INC	$2,654,000	–	36,500	–	0.81%	–
MMM	New	3M CO	$2,496,000	–	14,400	–	0.76%	–
PCLN	New	BOOKING HOLDINGS INC	$2,437,000	–	1,300	–	0.74%	–
ZTS	New	ZOETIS INC	$2,406,000	–	21,200	–	0.74%	–
ADP	New	AUTOMATIC DATA PROCESSING	$2,397,000	–	14,500	–	0.73%	–
LLY	New	ELI LILLY and CO	$2,382,000	–	21,500	–	0.73%	–
LOW	New	LOWE'S COS INC	$2,351,000	–	23,300	–	0.72%	–
SYK	New	STRYKER CORP	$2,344,000	–	11,400	–	0.72%	–
CSX	New	CSX CORP	$2,321,000	–	30,000	–	0.71%	–
INTU	New	INTUIT INC	$2,241,000	–	8,575	–	0.68%	–
WM	New	WASTE MANAGEMENT INC	$2,227,000	–	19,300	–	0.68%	–
USB	New	US BANCORP	$2,222,000	–	42,400	–	0.68%	–
KMB	New	KIMBERLY-CLARK CORP	$2,212,000	–	16,600	–	0.68%	–
SPGI	New	SandP GLOBAL INC	$2,210,000	–	9,700	–	0.68%	–
SO	New	SOUTHERN CO/THE	$2,184,000	–	39,500	–	0.67%	–
TJX	New	TJX COMPANIES INC	$2,168,000	–	41,000	–	0.66%	–
MMC	New	MARSH and MCLENNAN COS	$2,165,000	–	21,700	–	0.66%	–
ANTM	New	ANTHEM INC	$2,159,000	–	7,650	–	0.66%	–
VNO	New	VORNADO REALTY TRUST	$2,130,000	–	33,237	–	0.65%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,131,000	–	47,000	–	0.65%	–
	New	INGERSOLL-RAND PLC	$2,128,000	–	16,800	–	0.65%	–
CELG	New	CELGENE CORP	$2,126,000	–	23,000	–	0.65%	–
PSA	New	PUBLIC STORAGE	$2,099,000	–	8,813	–	0.64%	–
AVB	New	AVALONBAY COMMUNITIES INC	$2,093,000	–	10,302	–	0.64%	–
D	New	DOMINION ENERGY INC	$2,088,000	–	27,000	–	0.64%	–
TRV	New	TRAVELERS COS INC/THE	$2,078,000	–	13,900	–	0.64%	–
ITW	New	ILLINOIS TOOL WORKS	$2,051,000	–	13,600	–	0.63%	–
SLG	New	SL GREEN REALTY CORP	$2,038,000	–	25,357	–	0.62%	–
ALL	New	ALLSTATE CORP	$1,993,000	–	19,600	–	0.61%	–
DG	New	DOLLAR GENERAL CORP	$1,987,000	–	14,700	–	0.61%	–
WELL	New	WELLTOWER INC	$1,977,000	–	24,247	–	0.60%	–
YUM	New	YUM! BRANDS INC	$1,970,000	–	17,800	–	0.60%	–
BAX	New	BAXTER INTERNATIONAL INC	$1,966,000	–	24,000	–	0.60%	–
AFL	New	AFLAC INC	$1,968,000	–	35,900	–	0.60%	–
HSY	New	HERSHEY CO/THE	$1,957,000	–	14,600	–	0.60%	–
AMP	New	AMERIPRISE FINANCIAL INC	$1,931,000	–	13,300	–	0.59%	–
EXC	New	EXELON CORP	$1,918,000	–	40,000	–	0.59%	–
MTD	New	METTLER-TOLEDO INTERNATIONAL	$1,907,000	–	2,270	–	0.58%	–
TGT	New	TARGET CORP	$1,905,000	–	22,000	–	0.58%	–
EMR	New	EMERSON ELECTRIC CO	$1,895,000	–	28,400	–	0.58%	–
SHW	New	SHERWIN-WILLIAMS CO/THE	$1,879,000	–	4,100	–	0.57%	–
BR	New	BROADRIDGE FINANCIAL SOLUTIO	$1,877,000	–	14,700	–	0.57%	–
AZO	New	AUTOZONE INC	$1,869,000	–	1,700	–	0.57%	–
PPG	New	PPG INDUSTRIES INC	$1,867,000	–	16,000	–	0.57%	–
ROST	New	ROSS STORES INC	$1,863,000	–	18,800	–	0.57%	–
EBAY	New	EBAY INC	$1,857,000	–	47,000	–	0.57%	–
CDW	New	CDW CORP/DE	$1,856,000	–	16,725	–	0.57%	–
MAS	New	MASCO CORP	$1,852,000	–	47,200	–	0.57%	–
CTAS	New	CINTAS CORP	$1,851,000	–	7,800	–	0.56%	–
IEX	New	IDEX CORP	$1,842,000	–	10,700	–	0.56%	–
MSI	New	MOTOROLA SOLUTIONS INC	$1,834,000	–	11,000	–	0.56%	–
EQR	New	EQUITY RESIDENTIAL	$1,819,000	–	23,953	–	0.56%	–
LII	New	LENNOX INTERNATIONAL INC	$1,815,000	–	6,600	–	0.55%	–
TSCO	New	TRACTOR SUPPLY COMPANY	$1,795,000	–	16,500	–	0.55%	–
PAYX	New	PAYCHEX INC	$1,782,000	–	21,650	–	0.54%	–
HUM	New	HUMANA INC	$1,778,000	–	6,700	–	0.54%	–
ORLY	New	O'REILLY AUTOMOTIVE INC	$1,773,000	–	4,800	–	0.54%	–
HLT	New	HILTON WORLDWIDE HOLDINGS IN	$1,759,000	–	18,000	–	0.54%	–
BIIB	New	BIOGEN INC	$1,754,000	–	7,500	–	0.54%	–
SYY	New	SYSCO CORP	$1,747,000	–	24,700	–	0.53%	–
L	New	LOEWS CORP	$1,733,000	–	31,700	–	0.53%	–
AVY	New	AVERY DENNISON CORP	$1,724,000	–	14,900	–	0.53%	–
FE	New	FIRSTENERGY CORP	$1,712,000	–	40,000	–	0.52%	–
DLR	New	DIGITAL REALTY TRUST INC	$1,702,000	–	14,447	–	0.52%	–
OMC	New	OMNICOM GROUP	$1,696,000	–	20,700	–	0.52%	–
MNST	New	MONSTER BEVERAGE CORP	$1,691,000	–	26,500	–	0.52%	–
DRI	New	DARDEN RESTAURANTS INC	$1,680,000	–	13,800	–	0.51%	–
MSCI	New	MSCI INC	$1,672,000	–	7,000	–	0.51%	–
LEA	New	LEAR CORP	$1,671,000	–	12,000	–	0.51%	–
CE	New	CELANESE CORP-SERIES A	$1,671,000	–	15,500	–	0.51%	–
BBY	New	BEST BUY CO INC	$1,667,000	–	23,900	–	0.51%	–
FAST	New	FASTENAL CO	$1,662,000	–	51,000	–	0.51%	–
PPL	New	PPL CORP	$1,634,000	–	52,700	–	0.50%	–
TMK	New	TORCHMARK CORP	$1,628,000	–	18,200	–	0.50%	–
NTRS	New	NORTHERN TRUST CORP	$1,620,000	–	18,000	–	0.50%	–
HIG	New	HARTFORD FINANCIAL SVCS GRP	$1,616,000	–	29,000	–	0.49%	–
CERN	New	CERNER CORP	$1,613,000	–	22,000	–	0.49%	–
CLX	New	CLOROX COMPANY	$1,608,000	–	10,500	–	0.49%	–
MAA	New	MID-AMERICA APARTMENT COMM	$1,596,000	–	13,550	–	0.49%	–
KLAC	New	KLA-TENCOR CORP	$1,596,000	–	13,500	–	0.49%	–
EXPD	New	EXPEDITORS INTL WASH INC	$1,578,000	–	20,800	–	0.48%	–
SEIC	New	SEI INVESTMENTS COMPANY	$1,571,000	–	28,000	–	0.48%	–
Y	New	ALLEGHANY CORP	$1,567,000	–	2,300	–	0.48%	–
RGA	New	REINSURANCE GROUP OF AMERICA	$1,560,000	–	10,000	–	0.48%	–
MAN	New	MANPOWERGROUP INC	$1,546,000	–	16,000	–	0.47%	–
ROK	New	ROCKWELL AUTOMATION INC	$1,540,000	–	9,400	–	0.47%	–
PBCT	New	PEOPLE'S UNITED FINANCIAL	$1,510,000	–	90,000	–	0.46%	–
NLY	New	ANNALY CAPITAL MANAGEMENT IN	$1,506,000	–	165,000	–	0.46%	–
REG	New	REGENCY CENTERS CORP	$1,502,000	–	22,500	–	0.46%	–
AOS	New	SMITH (A.O.) CORP	$1,504,000	–	31,900	–	0.46%	–
CNP	New	CENTERPOINT ENERGY INC	$1,489,000	–	52,000	–	0.46%	–
SNA	New	SNAP-ON INC	$1,491,000	–	9,000	–	0.46%	–
WU	New	WESTERN UNION CO	$1,482,000	–	74,500	–	0.45%	–
NTAP	New	NETAPP INC	$1,481,000	–	24,000	–	0.45%	–
RL	New	RALPH LAUREN CORP	$1,477,000	–	13,000	–	0.45%	–
RHI	New	ROBERT HALF INTL INC	$1,477,000	–	25,900	–	0.45%	–
CTXS	New	CITRIX SYSTEMS INC	$1,472,000	–	15,000	–	0.45%	–
ETFC	New	ETRADE FINANCIAL CORP	$1,472,000	–	33,000	–	0.45%	–
AFG	New	AMERICAN FINANCIAL GROUP INC	$1,435,000	–	14,000	–	0.44%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$1,406,000	–	18,200	–	0.43%	–
WAT	New	WATERS CORP	$1,399,000	–	6,500	–	0.43%	–
AGNC	New	AGNC INVESTMENT CORP	$1,379,000	–	82,000	–	0.42%	–
HCP	New	HCP INC	$1,375,000	–	43,007	–	0.42%	–
GWW	New	WW GRAINGER INC	$1,368,000	–	5,100	–	0.42%	–
FFIV	New	F5 NETWORKS INC	$1,354,000	–	9,300	–	0.41%	–
CHRW	New	C.H. ROBINSON WORLDWIDE INC	$1,350,000	–	16,000	–	0.41%	–
CDK	New	CDK GLOBAL INC	$1,332,000	–	26,950	–	0.41%	–
CUZ	New	COUSINS PROPERTIES INC	$1,299,000	–	35,900	–	0.40%	–
ILPT	New	INDUSTRIAL LOGISTICS PROPERT	$1,282,000	–	61,572	–	0.39%	–
CPT	New	CAMDEN PROPERTY TRUST	$1,277,000	–	12,231	–	0.39%	–
HST	New	HOST HOTELS and RESORTS INC	$1,227,000	–	67,343	–	0.38%	–
ARE	New	ALEXANDRIA REAL ESTATE EQUIT	$1,206,000	–	8,550	–	0.37%	–
GLPI	New	GAMING AND LEISURE PROPERTIE	$1,189,000	–	30,500	–	0.36%	–
LPT	New	LIBERTY PROPERTY TRUST	$1,150,000	–	22,984	–	0.35%	–
EPR	New	EPR PROPERTIES	$1,119,000	–	15,000	–	0.34%	–
AIV	New	APARTMENT INVT and MGMT CO -A	$1,028,000	–	20,509	–	0.31%	–
BDN	New	BRANDYWINE REALTY TRUST	$1,024,000	–	71,500	–	0.31%	–
SBRA	New	SABRA HEALTH CARE REIT INC	$1,021,000	–	51,874	–	0.31%	–
IRM	New	IRON MOUNTAIN INC	$1,017,000	–	32,500	–	0.31%	–
ACC	New	AMERICAN CAMPUS COMMUNITIES	$1,016,000	–	22,000	–	0.31%	–
UDR	New	UDR INC	$1,011,000	–	22,519	–	0.31%	–
CONE	New	CYRUSONE INC	$993,000	–	17,200	–	0.30%	–
MPW	New	MEDICAL PROPERTIES TRUST INC	$907,000	–	52,000	–	0.28%	–
HTA	New	HEALTHCARE TRUST OF AME-CL A	$905,000	–	33,000	–	0.28%	–
OFC	New	CORPORATE OFFICE PROPERTIES	$883,000	–	33,500	–	0.27%	–
ESS	New	ESSEX PROPERTY TRUST INC	$876,000	–	3,000	–	0.27%	–
HPP	New	HUDSON PACIFIC PROPERTIES IN	$782,000	–	23,500	–	0.24%	–
AMH	New	AMERICAN HOMES 4 RENT- A	$778,000	–	32,000	–	0.24%	–
STAG	New	STAG INDUSTRIAL INC	$771,000	–	25,500	–	0.24%	–
DOC	New	PHYSICIANS REALTY TRUST	$767,000	–	44,000	–	0.23%	–
BXP	New	BOSTON PROPERTIES INC	$750,000	–	5,814	–	0.23%	–
BRX	New	BRIXMOR PROPERTY GROUP INC	$746,000	–	41,711	–	0.23%	–
NHI	New	NATL HEALTH INVESTORS INC	$741,000	–	9,500	–	0.23%	–
CUBE	New	CUBESMART	$736,000	–	22,000	–	0.22%	–
OHI	New	OMEGA HEALTHCARE INVESTORS	$735,000	–	20,000	–	0.22%	–
MNR	New	MONMOUTH REAL ESTATE INV COR	$705,000	–	52,000	–	0.22%	–
STOR	New	STORE CAPITAL CORP	$697,000	–	21,000	–	0.21%	–
HIW	New	HIGHWOODS PROPERTIES INC	$698,000	–	16,898	–	0.21%	–
HPT	New	HOSPITALITY PROPERTIES TRUST	$682,000	–	27,266	–	0.21%	–
SRC	New	SPIRIT REALTY CAPITAL INC	$657,000	–	15,400	–	0.20%	–
CLI	New	MACK-CALI REALTY CORP	$652,000	–	28,000	–	0.20%	–
CLNS	New	Colony Capital Inc	$636,000	–	127,286	–	0.19%	–
SNH	New	SENIOR HOUSING PROP TRUST	$629,000	–	76,100	–	0.19%	–
CXP	New	COLUMBIA PROPERTY TRUST INC	$622,000	–	30,000	–	0.19%	–
GNL	New	GLOBAL NET LEASE INC	$588,000	–	29,992	–	0.18%	–
LXP	New	LEXINGTON REALTY TRUST	$527,000	–	56,000	–	0.16%	–
RLJ	New	RLJ LODGING TRUST	$511,000	–	28,800	–	0.16%	–
DRE	New	DUKE REALTY CORP	$496,000	–	15,707	–	0.15%	–
LSI	New	Life Storage Inc	$475,000	–	5,000	–	0.14%	–
SKT	New	TANGER FACTORY OUTLET CENTER	$462,000	–	28,500	–	0.14%	–
UMH	New	UMH PROPERTIES INC	$459,000	–	37,000	–	0.14%	–
APTS	New	PREFERRED APARTMENT COMMUN-A	$449,000	–	30,000	–	0.14%	–
CHSP	New	CHESAPEAKE LODGING TRUST	$412,000	–	14,500	–	0.13%	–
KRG	New	KITE REALTY GROUP TRUST	$384,000	–	25,400	–	0.12%	–
KIM	New	KIMCO REALTY CORP	$375,000	–	20,295	–	0.12%	–
QTS	New	QTS REALTY TRUST INC-CL A	$369,000	–	8,000	–	0.11%	–
EGP	New	EASTGROUP PROPERTIES INC	$362,000	–	3,122	–	0.11%	–
UBA	New	URSTADT BIDDLE - CLASS A	$357,000	–	17,000	–	0.11%	–
PEB	New	PEBBLEBROOK HOTEL TRUST	$348,000	–	12,355	–	0.11%	–
OPI	New	OFFICE PROPERTIES INCOME TRUST	$334,000	–	12,714	–	0.10%	–
RPT	New	RPT REALTY	$304,000	–	25,100	–	0.09%	–
KRC	New	KILROY REALTY CORP	$295,000	–	4,000	–	0.09%	–
DDR	New	A SITE CENTER REIT	$291,000	–	22,000	–	0.09%	–
WRI	New	WEINGARTEN REALTY INVESTORS	$283,000	–	10,314	–	0.09%	–
MAC	New	MACERICH CO/THE	$277,000	–	8,266	–	0.08%	–
KW	New	KENNEDY-WILSON HOLDINGS INC	$278,000	–	13,509	–	0.08%	–
INVH	New	INVITATION HOMES INC	$259,000	–	9,684	–	0.08%	–
ESRT	New	EMPIRE STATE REALTY TRUST-A	$252,000	–	17,000	–	0.08%	–
TCO	New	TAUBMAN CENTERS INC	$245,000	–	6,000	–	0.08%	–
AHH	New	ARMADA HOFFLER PROPERTIES IN	$217,000	–	13,101	–	0.07%	–
INN	New	SUMMIT HOTEL PROPERTIES INC	$214,000	–	18,700	–	0.06%	–
APLE	New	APPLE HOSPITALITY REIT INC	$206,000	–	13,000	–	0.06%	–
SHO	New	SUNSTONE HOTEL INVESTORS INC	$178,000	–	13,000	–	0.05%	–
CLDT	New	CHATHAM LODGING TRUST	$170,000	–	9,000	–	0.05%	–
WRE	New	WASHINGTON REIT	$160,000	–	6,000	–	0.05%	–
DRH	New	DIAMONDROCK HOSPITALITY CO	$155,000	–	15,000	–	0.05%	–
UNIT	New	UNITI GROUP INC	$152,000	–	16,000	–	0.05%	–
FSP	New	FRANKLIN STREET PROPERTIES C	$148,000	–	20,000	–	0.04%	–
HT	New	HERSHA HOSPITALITY TRUST	$132,000	–	8,000	–	0.04%	–
HR	New	HEALTHCARE REALTY TRUST INC	$128,000	–	4,082	–	0.04%	–
FPI	New	FARMLAND PARTNERS INC	$120,000	–	17,000	–	0.04%	–
SNR	New	NEW SENIOR INVESTMENT GROUP	$113,000	–	16,863	–	0.04%	–
RMR	New	RMR GROUP INC/THE - A	$50,000	–	1,069	–	0.02%	–
CBLAQ	New	CBL and ASSOCIATES PROPERTIES	$33,000	–	32,000	–	0.01%	–
RVI	New	RETAIL VALUE INC	$3,000	–	99	–	0.00%	–
NYRT	New	NEW YORK REIT INC liquidation shs	$0	–	2,200	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
NYRT	Exit	NEW YORK REIT INC	$0	–	-2,200	–	-0.01%	–
SMTA	Exit	SPIRIT MTA REIT	$0	–	-9,200	–	-0.03%	–
FPI	Exit	FARMLAND PARTNERS INC	$0	–	-17,000	–	-0.03%	–
HR	Exit	HEALTHCARE REALTY TRUST INC	$0	–	-4,082	–	-0.03%	–
RVI	Exit	RETAIL VALUE INC	$0	–	-3,700	–	-0.03%	–
CBLAQ	Exit	CBL and ASSOCIATES PROPERTIES	$0	–	-32,000	–	-0.04%	–
FSP	Exit	FRANKLIN STREET PROPERTIES C	$0	–	-20,000	–	-0.04%	–
STOR	Exit	STORE CAPITAL CORP	$0	–	-6,000	–	-0.04%	–
HT	Exit	HERSHA HOSPITALITY TRUST	$0	–	-8,000	–	-0.05%	–
WRE	Exit	WASHINGTON REIT	$0	–	-6,000	–	-0.05%	–
NHI	Exit	NATL HEALTH INVESTORS INC	$0	–	-2,500	–	-0.05%	–
SHO	Exit	SUNSTONE HOTEL INVESTORS INC	$0	–	-13,000	–	-0.06%	–
INVH	Exit	INVITATION HOMES INC	$0	–	-9,684	–	-0.06%	–
SNR	Exit	NEW SENIOR INVESTMENT GROUP	$0	–	-41,863	–	-0.07%	–
INN	Exit	SUMMIT HOTEL PROPERTIES INC	$0	–	-18,700	–	-0.07%	–
RMR	Exit	RMR GROUP INC/THE - A	$0	–	-2,782	–	-0.07%	–
ESRT	Exit	EMPIRE STATE REALTY TRUST-A	$0	–	-17,000	–	-0.08%	–
KRC	Exit	KILROY REALTY CORP	$0	–	-4,000	–	-0.08%	–
KIM	Exit	KIMCO REALTY CORP	$0	–	-20,295	–	-0.09%	–
APTS	Exit	PREFERRED APARTMENT COMMUN-A	$0	–	-20,000	–	-0.10%	–
TCO	Exit	TAUBMAN CENTERS INC	$0	–	-6,000	–	-0.10%	–
UBA	Exit	URSTADT BIDDLE - CLASS A	$0	–	-17,000	–	-0.10%	–
AHH	Exit	ARMADA HOFFLER PROPERTIES IN	$0	–	-26,101	–	-0.11%	–
JBGS	Exit	JBG SMITH PROPERTIES	$0	–	-11,118	–	-0.11%	–
DRE	Exit	DUKE REALTY CORP	$0	–	-15,707	–	-0.12%	–
CLDT	Exit	CHATHAM LODGING TRUST	$0	–	-22,000	–	-0.12%	–
MAC	Exit	MACERICH CO/THE	$0	–	-8,266	–	-0.12%	–
CHSP	Exit	CHESAPEAKE LODGING TRUST	$0	–	-14,500	–	-0.13%	–
TIER	Exit	TIER REIT INC	$0	–	-20,000	–	-0.13%	–
DDR	Exit	DDR RG	$0	–	-37,000	–	-0.14%	–
KW	Exit	KENNEDY-WILSON HOLDINGS INC	$0	–	-23,509	–	-0.14%	–
WRI	Exit	WEINGARTEN REALTY INVESTORS	$0	–	-17,314	–	-0.14%	–
HIFR	Exit	INFRAREIT INC	$0	–	-24,720	–	-0.14%	–
UNIT	Exit	UNITI GROUP INC	$0	–	-26,000	–	-0.14%	–
CUZ	Exit	COUSINS PROPERTIES INC	$0	–	-59,000	–	-0.14%	–
AMH	Exit	AMERICAN HOMES 4 RENT- A	$0	–	-25,000	–	-0.15%	–
UMH	Exit	UMH PROPERTIES INC	$0	–	-38,000	–	-0.16%	–
CLI	Exit	MACK-CALI REALTY CORP	$0	–	-28,000	–	-0.16%	–
RLJ	Exit	RLJ LODGING TRUST	$0	–	-28,800	–	-0.17%	–
DRH	Exit	DIAMONDROCK HOSPITALITY CO	$0	–	-57,000	–	-0.18%	–
MNR	Exit	MONMOUTH REAL ESTATE INV COR	$0	–	-40,000	–	-0.18%	–
HIW	Exit	HIGHWOODS PROPERTIES INC	$0	–	-14,398	–	-0.18%	–
QTS	Exit	QTS REALTY TRUST INC-CL A	$0	–	-16,000	–	-0.19%	–
ILPT	Exit	INDUSTRIAL LOGISTICS PROPERT	$0	–	-30,000	–	-0.19%	–
STAG	Exit	STAG INDUSTRIAL INC	$0	–	-25,500	–	-0.19%	–
SLG	Exit	SL GREEN REALTY CORP	$0	–	-7,257	–	-0.19%	–
CUBE	Exit	CUBESMART	$0	–	-25,000	–	-0.19%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-5,814	–	-0.20%	–
SKT	Exit	TANGER FACTORY OUTLET CENTER	$0	–	-31,500	–	-0.20%	–
GNL	Exit	GLOBAL NET LEASE INC	$0	–	-34,992	–	-0.20%	–
BRX	Exit	BRIXMOR PROPERTY GROUP INC	$0	–	-41,711	–	-0.20%	–
SRC	Exit	SPIRIT REALTY CAPITAL INC	$0	–	-92,000	–	-0.20%	–
ESS	Exit	ESSEX PROPERTY TRUST INC	$0	–	-3,000	–	-0.20%	–
RPT	Exit	RAMCO-GERSHENSON PROPERTIES	$0	–	-55,100	–	-0.20%	–
KRG	Exit	KITE REALTY GROUP TRUST	$0	–	-45,400	–	-0.21%	–
OFC	Exit	CORPORATE OFFICE PROPERTIES	$0	–	-25,500	–	-0.21%	–
EGP	Exit	EASTGROUP PROPERTIES INC	$0	–	-8,122	–	-0.21%	–
HPT	Exit	HOSPITALITY PROPERTIES TRUST	$0	–	-27,266	–	-0.21%	–
CONE	Exit	CYRUSONE INC	$0	–	-12,700	–	-0.22%	–
LSI	Exit	Life Storage Inc	$0	–	-8,500	–	-0.22%	–
VNO	Exit	VORNADO REALTY TRUST	$0	–	-11,237	–	-0.22%	–
CXP	Exit	COLUMBIA PROPERTY TRUST INC	$0	–	-35,000	–	-0.22%	–
HPP	Exit	HUDSON PACIFIC PROPERTIES IN	$0	–	-25,500	–	-0.23%	–
LHO	Exit	LASALLE HOTEL PROPERTIES	$0	–	-24,300	–	-0.23%	–
DOC	Exit	PHYSICIANS REALTY TRUST	$0	–	-51,000	–	-0.23%	–
CLNS	Exit	Colony Capital Inc	$0	–	-147,286	–	-0.24%	–
MPW	Exit	MEDICAL PROPERTIES TRUST INC	$0	–	-62,000	–	-0.25%	–
BDN	Exit	BRANDYWINE REALTY TRUST	$0	–	-59,500	–	-0.26%	–
SNH	Exit	SENIOR HOUSING PROP TRUST	$0	–	-56,100	–	-0.27%	–
HCP	Exit	HCP INC	$0	–	-38,007	–	-0.27%	–
GLPI	Exit	GAMING AND LEISURE PROPERTIE	$0	–	-28,500	–	-0.27%	–
ACC	Exit	AMERICAN CAMPUS COMMUNITIES	$0	–	-25,000	–	-0.28%	–
UDR	Exit	UDR INC	$0	–	-26,519	–	-0.29%	–
SIR	Exit	SELECT INCOME REIT	$0	–	-48,900	–	-0.29%	–
ARE	Exit	ALEXANDRIA REAL ESTATE EQUIT	$0	–	-8,550	–	-0.29%	–
AIV	Exit	APARTMENT INVT and MGMT CO -A	$0	–	-24,500	–	-0.30%	–
FCEA	Exit	FOREST CITY REALTY TRUST- A	$0	–	-44,000	–	-0.30%	–
VER	Exit	VEREIT INC	$0	–	-153,000	–	-0.30%	–
GPT	Exit	GRAMERCY PROPERTY TRUST	$0	–	-40,666	–	-0.30%	–
IRM	Exit	IRON MOUNTAIN INC	$0	–	-33,500	–	-0.32%	–
LPT	Exit	LIBERTY PROPERTY TRUST	$0	–	-27,984	–	-0.32%	–
CPT	Exit	CAMDEN PROPERTY TRUST	$0	–	-14,231	–	-0.36%	–
EPR	Exit	EPR PROPERTIES	$0	–	-20,000	–	-0.37%	–
BR	Exit	BROADRIDGE FINANCIAL SOLUTIO	$0	–	-10,700	–	-0.38%	–
SBRA	Exit	SABRA HEALTH CARE REIT INC	$0	–	-61,874	–	-0.39%	–
PHM	Exit	PULTEGROUP INC	$0	–	-58,000	–	-0.39%	–
PBCT	Exit	PEOPLE'S UNITED FINANCIAL	$0	–	-90,000	–	-0.42%	–
VTR	Exit	VENTAS INC	$0	–	-28,362	–	-0.42%	–
FBHS	Exit	FORTUNE BRANDS HOME and SECURI	$0	–	-29,600	–	-0.42%	–
AFG	Exit	AMERICAN FINANCIAL GROUP INC	$0	–	-14,000	–	-0.42%	–
SEE	Exit	SEALED AIR CORP	$0	–	-39,000	–	-0.43%	–
DGX	Exit	QUEST DIAGNOSTICS INC	$0	–	-15,000	–	-0.44%	–
HST	Exit	HOST HOTELS and RESORTS INC	$0	–	-77,343	–	-0.44%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-18,200	–	-0.45%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-23,500	–	-0.45%	–
NNN	Exit	NATIONAL RETAIL PROPERTIES	$0	–	-37,000	–	-0.45%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-22,800	–	-0.46%	–
DLR	Exit	DIGITAL REALTY TRUST INC	$0	–	-14,947	–	-0.46%	–
CDW	Exit	CDW CORP/DE	$0	–	-19,000	–	-0.46%	–
UAL	Exit	UNITED CONTINENTAL HOLDINGS	$0	–	-19,000	–	-0.46%	–
JBHT	Exit	HUNT (JB) TRANSPRT SVCS INC	$0	–	-14,300	–	-0.46%	–
ETR	Exit	ENTERGY CORP	$0	–	-21,000	–	-0.46%	–
AOS	Exit	SMITH (A.O.) CORP	$0	–	-31,900	–	-0.46%	–
NLY	Exit	ANNALY CAPITAL MANAGEMENT IN	$0	–	-167,000	–	-0.46%	–
SEIC	Exit	SEI INVESTMENTS COMPANY	$0	–	-28,000	–	-0.47%	–
CNP	Exit	CENTERPOINT ENERGY INC	$0	–	-62,000	–	-0.47%	–
CTAS	Exit	CINTAS CORP	$0	–	-8,700	–	-0.47%	–
EV	Exit	EATON VANCE CORP	$0	–	-33,000	–	-0.47%	–
TROW	Exit	T ROWE PRICE GROUP INC	$0	–	-16,000	–	-0.48%	–
ROL	Exit	ROLLINS INC	$0	–	-29,000	–	-0.48%	–
O	Exit	REALTY INCOME CORP	$0	–	-31,000	–	-0.48%	–
GPS	Exit	GAP INC/THE	$0	–	-61,200	–	-0.48%	–
SNPS	Exit	SYNOPSYS INC	$0	–	-18,000	–	-0.48%	–
PSA	Exit	PUBLIC STORAGE	$0	–	-8,813	–	-0.48%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-16,000	–	-0.48%	–
MAS	Exit	MASCO CORP	$0	–	-49,200	–	-0.49%	–
AGNC	Exit	AGNC INVESTMENT CORP	$0	–	-97,000	–	-0.49%	–
WELL	Exit	WELLTOWER INC	$0	–	-28,247	–	-0.50%	–
GWW	Exit	WW GRAINGER INC	$0	–	-5,100	–	-0.50%	–
CDK	Exit	CDK GLOBAL INC	$0	–	-29,200	–	-0.50%	–
CBS	Exit	CBS CORP-CLASS B NON VOTING	$0	–	-32,000	–	-0.50%	–
BBY	Exit	BEST BUY CO INC	$0	–	-23,900	–	-0.52%	–
PAYX	Exit	PAYCHEX INC	$0	–	-25,800	–	-0.52%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-49,400	–	-0.52%	–
EQR	Exit	EQUITY RESIDENTIAL	$0	–	-28,953	–	-0.52%	–
STT	Exit	STATE STREET CORP	$0	–	-23,100	–	-0.53%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-17,900	–	-0.53%	–
RF	Exit	REGIONS FINANCIAL CORP	$0	–	-106,000	–	-0.53%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GP	$0	–	-37,100	–	-0.53%	–
AMP	Exit	AMERIPRISE FINANCIAL INC	$0	–	-13,300	–	-0.54%	–
LII	Exit	LENNOX INTERNATIONAL INC	$0	–	-9,100	–	-0.54%	–
EL	Exit	ESTEE LAUDER COMPANIES-CL A	$0	–	-13,700	–	-0.54%	–
MTD	Exit	METTLER-TOLEDO INTERNATIONAL	$0	–	-3,270	–	-0.54%	–
MMC	Exit	MARSH and MCLENNAN COS	$0	–	-24,200	–	-0.54%	–
TMK	Exit	TORCHMARK CORP	$0	–	-23,200	–	-0.55%	–
CLX	Exit	CLOROX COMPANY	$0	–	-13,400	–	-0.55%	–
MCO	Exit	MOODY'S CORP	$0	–	-12,100	–	-0.55%	–
OGE	Exit	OGE ENERGY CORP	$0	–	-56,000	–	-0.55%	–
HSY	Exit	HERSHEY CO/THE	$0	–	-20,100	–	-0.56%	–
SO	Exit	SOUTHERN CO/THE	$0	–	-47,500	–	-0.56%	–
YUM	Exit	YUM! BRANDS INC	$0	–	-22,800	–	-0.56%	–
MSCI	Exit	MSCI INC	$0	–	-11,800	–	-0.57%	–
CTSH	Exit	COGNIZANT TECH SOLUTIONS-A	$0	–	-27,100	–	-0.57%	–
VFC	Exit	VF CORP	$0	–	-22,400	–	-0.57%	–
L	Exit	LOEWS CORP	$0	–	-41,700	–	-0.57%	–
PPL	Exit	PPL CORP	$0	–	-71,700	–	-0.57%	–
SPR	Exit	SPIRIT AEROSYSTEMS HOLD-CL A	$0	–	-23,000	–	-0.57%	–
TSCO	Exit	TRACTOR SUPPLY COMPANY	$0	–	-23,500	–	-0.58%	–
EXC	Exit	EXELON CORP	$0	–	-49,000	–	-0.58%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-15,200	–	-0.58%	–
AFL	Exit	AFLAC INC	$0	–	-45,900	–	-0.59%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-11,600	–	-0.59%	–
ALL	Exit	ALLSTATE CORP	$0	–	-22,100	–	-0.59%	–
PPG	Exit	PPG INDUSTRIES INC	$0	–	-20,000	–	-0.60%	–
TRV	Exit	TRAVELERS COS INC/THE	$0	–	-16,900	–	-0.60%	–
HPQ	Exit	HP INC	$0	–	-86,000	–	-0.60%	–
AVB	Exit	AVALONBAY COMMUNITIES INC	$0	–	-12,302	–	-0.61%	–
AZO	Exit	AUTOZONE INC	$0	–	-2,900	–	-0.61%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-11,300	–	-0.61%	–
ROST	Exit	ROSS STORES INC	$0	–	-22,800	–	-0.62%	–
ZTS	Exit	ZOETIS INC	$0	–	-24,700	–	-0.62%	–
FDX	Exit	FEDEX CORP	$0	–	-9,400	–	-0.62%	–
SPGI	Exit	SandP GLOBAL INC	$0	–	-11,700	–	-0.62%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC	$0	–	-6,600	–	-0.62%	–
INTU	Exit	INTUIT INC	$0	–	-10,100	–	-0.63%	–
FISV	Exit	FISERV INC	$0	–	-27,900	–	-0.63%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-18,000	–	-0.64%	–
	Exit	INGERSOLL-RAND PLC	$0	–	-31,704	–	-0.64%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-20,900	–	-0.65%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-29,700	–	-0.65%	–
SNA	Exit	SNAP-ON INC	$0	–	-13,000	–	-0.65%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-31,400	–	-0.66%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC-A	$0	–	-56,000	–	-0.66%	–
CELG	Exit	CELGENE CORP	$0	–	-27,000	–	-0.66%	–
CSX	Exit	CSX CORP	$0	–	-33,000	–	-0.67%	–
D	Exit	DOMINION ENERGY INC	$0	–	-35,000	–	-0.67%	–
WM	Exit	WASTE MANAGEMENT INC	$0	–	-27,300	–	-0.67%	–
DG	Exit	DOLLAR GENERAL CORP	$0	–	-22,700	–	-0.68%	–
BIIB	Exit	BIOGEN INC	$0	–	-7,100	–	-0.68%	–
CI	Exit	CIGNA CORP	$0	–	-12,200	–	-0.69%	–
PCLN	Exit	BOOKING HOLDINGS INC	$0	–	-1,300	–	-0.70%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-45,500	–	-0.70%	–
HUM	Exit	HUMANA INC	$0	–	-7,700	–	-0.71%	–
USB	Exit	US BANCORP	$0	–	-49,400	–	-0.71%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-39,200	–	-0.72%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-23,500	–	-0.72%	–
PLD	Exit	PROLOGIS INC	$0	–	-39,183	–	-0.72%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-25,400	–	-0.74%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-46,600	–	-0.77%	–
UPS	Exit	UNITED PARCEL SERVICE-CL B	$0	–	-24,250	–	-0.77%	–
AET	Exit	AETNA INC	$0	–	-14,000	–	-0.77%	–
LOW	Exit	LOWE'S COS INC	$0	–	-25,300	–	-0.79%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-47,000	–	-0.80%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-20,500	–	-0.84%	–
LLY	Exit	ELI LILLY and CO	$0	–	-29,000	–	-0.85%	–
MMM	Exit	3M CO	$0	–	-15,300	–	-0.88%	–
MAA	Exit	MID-AMERICA APARTMENT COMM	$0	–	-32,550	–	-0.89%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-21,400	–	-0.95%	–
IBM	Exit	INTL BUSINESS MACHINES CORP	$0	–	-23,300	–	-0.96%	–
PEP	Exit	PEPSICO INC	$0	–	-34,700	–	-1.06%	–
DIS	Exit	WALT DISNEY CO/THE	$0	–	-36,600	–	-1.17%	–
PG	Exit	PROCTER and GAMBLE CO/THE	$0	–	-52,400	–	-1.19%	–
HD	Exit	HOME DEPOT INC	$0	–	-22,400	–	-1.26%	–
MA	Exit	MASTERCARD INC - A	$0	–	-20,900	–	-1.27%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-97,000	–	-1.29%	–
SPG	Exit	SIMON PROPERTY GROUP INC	$0	–	-27,506	–	-1.32%	–
V	Exit	VISA INC-CLASS A SHARES	$0	–	-35,400	–	-1.45%	–
PFE	Exit	PFIZER INC	$0	–	-125,300	–	-1.50%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-75,000	–	-1.74%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-82,200	–	-2.56%	–
AAPL	Exit	APPLE INC	$0	–	-41,900	–	-2.58%	–

Q3 2018

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$9,459,000	+6.7%	41,900	-12.5%	2.58%	+3.4%
MSFT	Sell	MICROSOFT CORP	$9,401,000	+9.3%	82,200	-5.7%	2.56%	+6.0%
CSCO	New	CISCO SYSTEMS INC	$4,719,000	–	97,000	–	1.29%	–
HD	Sell	HOME DEPOT INC	$4,640,000	-6.4%	22,400	-11.8%	1.26%	-9.3%
MAA	Buy	MID-AMERICA APARTMENT COMM	$3,261,000	+142.6%	32,550	+143.8%	0.89%	+134.9%
LLY	New	ELI LILLY and CO	$3,112,000	–	29,000	–	0.85%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,918,000	–	47,000	–	0.80%	–
LOW	Sell	LOWE'S COS INC	$2,905,000	+3.8%	25,300	-13.7%	0.79%	+0.5%
MO	Sell	ALTRIA GROUP INC	$2,810,000	-7.7%	46,600	-13.1%	0.77%	-10.4%
TXN	Sell	TEXAS INSTRUMENTS INC	$2,725,000	-21.3%	25,400	-19.1%	0.74%	-23.7%
PLD	Buy	PROLOGIS INC	$2,656,000	+22.5%	39,183	+18.7%	0.72%	+18.9%
TJX	Sell	TJX COMPANIES INC	$2,632,000	+0.6%	23,500	-14.5%	0.72%	-2.4%
USB	Sell	US BANCORP	$2,609,000	-7.5%	49,400	-12.4%	0.71%	-10.3%
PCLN	New	BOOKING HOLDINGS INC	$2,579,000	–	1,300	–	0.70%	–
BIIB	Sell	BIOGEN INC	$2,509,000	+6.7%	7,100	-12.3%	0.68%	+3.5%
CSX	Sell	CSX CORP	$2,444,000	+3.6%	33,000	-10.8%	0.67%	+0.5%
CELG	New	CELGENE CORP	$2,416,000	–	27,000	–	0.66%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC-A	$2,406,000	–	56,000	–	0.66%	–
EMR	Sell	EMERSON ELECTRIC CO	$2,405,000	-3.1%	31,400	-12.5%	0.66%	-6.2%
	Buy	INGERSOLL-RAND PLC	$2,356,000	+5.9%	31,704	+27.8%	0.64%	+2.7%
INTU	Sell	INTUIT INC	$2,297,000	-7.1%	10,100	-16.5%	0.63%	-9.9%
ORLY	Sell	O'REILLY AUTOMOTIVE INC	$2,292,000	-2.6%	6,600	-23.3%	0.62%	-5.6%
FDX	New	FEDEX CORP	$2,263,000	–	9,400	–	0.62%	–
ROST	Sell	ROSS STORES INC	$2,259,000	-7.5%	22,800	-20.8%	0.62%	-10.3%
AVB	Buy	AVALONBAY COMMUNITIES INC	$2,229,000	+17.9%	12,302	+11.8%	0.61%	+14.3%
HPQ	Sell	HP INC	$2,216,000	-8.7%	86,000	-19.6%	0.60%	-11.4%
EXC	New	EXELON CORP	$2,139,000	–	49,000	–	0.58%	–
TSCO	Sell	TRACTOR SUPPLY COMPANY	$2,136,000	-5.3%	23,500	-20.3%	0.58%	-8.2%
VFC	Sell	VF CORP	$2,093,000	-12.7%	22,400	-23.8%	0.57%	-15.4%
SO	Sell	SOUTHERN CO/THE	$2,071,000	-23.6%	47,500	-18.8%	0.56%	-25.9%
CLX	Sell	CLOROX COMPANY	$2,015,000	-6.3%	13,400	-15.7%	0.55%	-9.1%
MMC	Sell	MARSH and MCLENNAN COS	$2,002,000	-19.1%	24,200	-19.9%	0.54%	-21.7%
PEG	Sell	PUBLIC SERVICE ENTERPRISE GP	$1,959,000	-21.5%	37,100	-19.5%	0.53%	-23.8%
EQR	Buy	EQUITY RESIDENTIAL	$1,918,000	+16.0%	28,953	+11.6%	0.52%	+12.5%
PAYX	Sell	PAYCHEX INC	$1,900,000	-16.5%	25,800	-22.5%	0.52%	-19.1%
BBY	Sell	BEST BUY CO INC	$1,897,000	-14.9%	23,900	-20.1%	0.52%	-17.5%
CBS	New	CBS CORP-CLASS B NON VOTING	$1,838,000	–	32,000	–	0.50%	–
GWW	Sell	WW GRAINGER INC	$1,823,000	-3.1%	5,100	-16.4%	0.50%	-6.0%
CTXS	New	CITRIX SYSTEMS INC	$1,779,000	–	16,000	–	0.48%	–
SNPS	New	SYNOPSYS INC	$1,775,000	–	18,000	–	0.48%	–
O	New	REALTY INCOME CORP	$1,764,000	–	31,000	–	0.48%	–
ROL	New	ROLLINS INC	$1,760,000	–	29,000	–	0.48%	–
TROW	Sell	T ROWE PRICE GROUP INC	$1,747,000	-24.8%	16,000	-20.0%	0.48%	-27.1%
CTAS	New	CINTAS CORP	$1,721,000	–	8,700	–	0.47%	–
CNP	New	CENTERPOINT ENERGY INC	$1,714,000	–	62,000	–	0.47%	–
NLY	New	ANNALY CAPITAL MANAGEMENT IN	$1,708,000	–	167,000	–	0.46%	–
ETR	New	ENTERGY CORP	$1,704,000	–	21,000	–	0.46%	–
JBHT	Sell	HUNT (JB) TRANSPRT SVCS INC	$1,701,000	-19.1%	14,300	-17.3%	0.46%	-21.7%
UAL	New	UNITED CONTINENTAL HOLDINGS	$1,692,000	–	19,000	–	0.46%	–
CDW	New	CDW CORP/DE	$1,689,000	–	19,000	–	0.46%	–
EXPD	Sell	EXPEDITORS INTL WASH INC	$1,676,000	-30.1%	22,800	-30.5%	0.46%	-32.2%
NNN	New	NATIONAL RETAIL PROPERTIES	$1,658,000	–	37,000	–	0.45%	–
RHI	Sell	ROBERT HALF INTL INC	$1,654,000	-13.9%	23,500	-20.3%	0.45%	-16.5%
SWKS	Sell	SKYWORKS SOLUTIONS INC	$1,651,000	-26.4%	18,200	-21.6%	0.45%	-28.6%
DGX	New	QUEST DIAGNOSTICS INC	$1,619,000	–	15,000	–	0.44%	–
SEE	New	SEALED AIR CORP	$1,566,000	–	39,000	–	0.43%	–
AFG	New	AMERICAN FINANCIAL GROUP INC	$1,554,000	–	14,000	–	0.42%	–
PBCT	New	PEOPLE'S UNITED FINANCIAL	$1,541,000	–	90,000	–	0.42%	–
PHM	Sell	PULTEGROUP INC	$1,437,000	-34.2%	58,000	-23.7%	0.39%	-36.2%
ILPT	Buy	INDUSTRIAL LOGISTICS PROPERT	$690,000	+54.4%	30,000	+50.0%	0.19%	+49.2%
RVI	New	RETAIL VALUE INC	$121,000	–	3,700	–	0.03%	–
QCP	Exit	QUALITY CARE PROPERTIES	$0	–	-10,601	–	-0.06%	–
DCT	Exit	DCT INDUSTRIAL TRUST INC	$0	–	-6,062	–	-0.11%	–
GGP	Exit	GGP Inc	$0	–	-29,000	–	-0.17%	–
EDR	Exit	EDUCATION REALTY TRUST INC	$0	–	-15,000	–	-0.18%	–
WYND	Exit	WYNDHAM DESTINATIONS INC	$0	–	-17,600	–	-0.22%	–
WH	Exit	WYNDHAM HOTELS and RESORTS INC	$0	–	-17,600	–	-0.29%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-15,900	–	-0.38%	–
HRB	Exit	HandR BLOCK INC	$0	–	-66,100	–	-0.42%	–
CCK	Exit	CROWN HOLDINGS INC	$0	–	-37,000	–	-0.46%	–
DAL	Exit	DELTA AIR LINES INC	$0	–	-34,000	–	-0.47%	–
NVR	Exit	NVR INC	$0	–	-600	–	-0.50%	–
LUV	Exit	SOUTHWEST AIRLINES CO	$0	–	-35,600	–	-0.51%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-41,400	–	-0.52%	–
FAST	Exit	FASTENAL CO	$0	–	-38,700	–	-0.52%	–
SWK	Exit	STANLEY BLACK and DECKER INC	$0	–	-14,100	–	-0.53%	–
BFB	Exit	BROWN-FORMAN CORP-CLASS B	$0	–	-39,500	–	-0.54%	–
UGI	Exit	UGI CORP	$0	–	-37,500	–	-0.55%	–
AEP	Exit	AMERICAN ELECTRIC POWER	$0	–	-29,900	–	-0.58%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-12,100	–	-0.59%	–
OMC	Exit	OMNICOM GROUP	$0	–	-29,100	–	-0.62%	–
CHD	Exit	CHURCH and DWIGHT CO INC	$0	–	-44,700	–	-0.67%	–
SHW	Exit	SHERWIN-WILLIAMS CO/THE	$0	–	-5,900	–	-0.68%	–
BLK	Exit	BLACKROCK INC	$0	–	-5,100	–	-0.72%	–
CMCSA	Exit	COMCAST CORP-CLASS A	$0	–	-108,800	–	-1.00%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-18,400	–	-1.27%	–

Q2 2018

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$8,867,000	–	47,900	–	2.49%	–
MSFT	New	MICROSOFT CORP	$8,599,000	–	87,200	–	2.42%	–
XOM	New	EXXON MOBIL CORP	$6,205,000	–	75,000	–	1.74%	–
HD	New	HOME DEPOT INC	$4,956,000	–	25,400	–	1.39%	–
V	New	VISA INC-CLASS A SHARES	$4,689,000	–	35,400	–	1.32%	–
SPG	New	SIMON PROPERTY GROUP INC	$4,681,000	–	27,506	–	1.32%	–
PFE	New	PFIZER INC	$4,546,000	–	125,300	–	1.28%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,514,000	–	18,400	–	1.27%	–
MA	New	MASTERCARD INC - A	$4,107,000	–	20,900	–	1.15%	–
PG	New	PROCTER and GAMBLE CO/THE	$4,090,000	–	52,400	–	1.15%	–
DIS	New	WALT DISNEY CO/THE	$3,836,000	–	36,600	–	1.08%	–
PEP	New	PEPSICO INC	$3,778,000	–	34,700	–	1.06%	–
CMCSA	New	COMCAST CORP-CLASS A	$3,570,000	–	108,800	–	1.00%	–
TXN	New	TEXAS INSTRUMENTS INC	$3,462,000	–	31,400	–	0.97%	–
IBM	New	INTL BUSINESS MACHINES CORP	$3,255,000	–	23,300	–	0.92%	–
MO	New	ALTRIA GROUP INC	$3,044,000	–	53,600	–	0.86%	–
UNP	New	UNION PACIFIC CORP	$3,032,000	–	21,400	–	0.85%	–
MMM	New	3M CO	$3,010,000	–	15,300	–	0.85%	–
USB	New	US BANCORP	$2,821,000	–	56,400	–	0.79%	–
LOW	New	LOWE'S COS INC	$2,800,000	–	29,300	–	0.79%	–
ADP	New	AUTOMATIC DATA PROCESSING	$2,750,000	–	20,500	–	0.77%	–
SO	New	SOUTHERN CO/THE	$2,709,000	–	58,500	–	0.76%	–
TJX	New	TJX COMPANIES INC	$2,617,000	–	27,500	–	0.74%	–
UPS	New	UNITED PARCEL SERVICE-CL B	$2,576,000	–	24,250	–	0.72%	–
AET	New	AETNA INC	$2,569,000	–	14,000	–	0.72%	–
BLK	New	BLACKROCK INC	$2,545,000	–	5,100	–	0.72%	–
CL	New	COLGATE-PALMOLIVE CO	$2,541,000	–	39,200	–	0.71%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GP	$2,496,000	–	46,100	–	0.70%	–
EMR	New	EMERSON ELECTRIC CO	$2,482,000	–	35,900	–	0.70%	–
MMC	New	MARSH and MCLENNAN COS	$2,475,000	–	30,200	–	0.70%	–
INTU	New	INTUIT INC	$2,472,000	–	12,100	–	0.70%	–
ROST	New	ROSS STORES INC	$2,441,000	–	28,800	–	0.69%	–
HPQ	New	HP INC	$2,428,000	–	107,000	–	0.68%	–
SHW	New	SHERWIN-WILLIAMS CO/THE	$2,405,000	–	5,900	–	0.68%	–
VFC	New	VF CORP	$2,397,000	–	29,400	–	0.67%	–
EXPD	New	EXPEDITORS INTL WASH INC	$2,398,000	–	32,800	–	0.67%	–
D	New	DOMINION ENERGY INC	$2,386,000	–	35,000	–	0.67%	–
SPGI	New	SandP GLOBAL INC	$2,386,000	–	11,700	–	0.67%	–
CHD	New	CHURCH and DWIGHT CO INC	$2,376,000	–	44,700	–	0.67%	–
CSX	New	CSX CORP	$2,360,000	–	37,000	–	0.66%	–
BIIB	New	BIOGEN INC	$2,351,000	–	8,100	–	0.66%	–
ORLY	New	O'REILLY AUTOMOTIVE INC	$2,353,000	–	8,600	–	0.66%	–
DUK	New	DUKE ENERGY CORP	$2,349,000	–	29,700	–	0.66%	–
TROW	New	T ROWE PRICE GROUP INC	$2,322,000	–	20,000	–	0.65%	–
HUM	New	HUMANA INC	$2,292,000	–	7,700	–	0.64%	–
AMAT	New	APPLIED MATERIALS INC	$2,282,000	–	49,400	–	0.64%	–
PAYX	New	PAYCHEX INC	$2,276,000	–	33,300	–	0.64%	–
TSCO	New	TRACTOR SUPPLY COMPANY	$2,256,000	–	29,500	–	0.63%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$2,242,000	–	23,200	–	0.63%	–
DG	New	DOLLAR GENERAL CORP	$2,238,000	–	22,700	–	0.63%	–
BBY	New	BEST BUY CO INC	$2,230,000	–	29,900	–	0.63%	–
	New	INGERSOLL-RAND PLC	$2,225,000	–	24,800	–	0.62%	–
SBUX	New	STARBUCKS CORP	$2,223,000	–	45,500	–	0.62%	–
OMC	New	OMNICOM GROUP	$2,219,000	–	29,100	–	0.62%	–
WM	New	WASTE MANAGEMENT INC	$2,221,000	–	27,300	–	0.62%	–
KMB	New	KIMBERLY-CLARK CORP	$2,202,000	–	20,900	–	0.62%	–
PHM	New	PULTEGROUP INC	$2,185,000	–	76,000	–	0.61%	–
PLD	New	PROLOGIS INC	$2,168,000	–	33,000	–	0.61%	–
CLX	New	CLOROX COMPANY	$2,150,000	–	15,900	–	0.60%	–
STT	New	STATE STREET CORP	$2,150,000	–	23,100	–	0.60%	–
CTSH	New	COGNIZANT TECH SOLUTIONS-A	$2,141,000	–	27,100	–	0.60%	–
ITW	New	ILLINOIS TOOL WORKS	$2,106,000	–	15,200	–	0.59%	–
ZTS	New	ZOETIS INC	$2,104,000	–	24,700	–	0.59%	–
JBHT	New	HUNT (JB) TRANSPRT SVCS INC	$2,103,000	–	17,300	–	0.59%	–
MSI	New	MOTOROLA SOLUTIONS INC	$2,095,000	–	18,000	–	0.59%	–
LRCX	New	LAM RESEARCH CORP	$2,091,000	–	12,100	–	0.59%	–
SNA	New	SNAP-ON INC	$2,089,000	–	13,000	–	0.59%	–
CI	New	CIGNA CORP	$2,073,000	–	12,200	–	0.58%	–
PPG	New	PPG INDUSTRIES INC	$2,075,000	–	20,000	–	0.58%	–
AEP	New	AMERICAN ELECTRIC POWER	$2,071,000	–	29,900	–	0.58%	–
FISV	New	FISERV INC	$2,067,000	–	27,900	–	0.58%	–
TRV	New	TRAVELERS COS INC/THE	$2,068,000	–	16,900	–	0.58%	–
MCO	New	MOODY'S CORP	$2,064,000	–	12,100	–	0.58%	–
PPL	New	PPL CORP	$2,047,000	–	71,700	–	0.58%	–
ALL	New	ALLSTATE CORP	$2,017,000	–	22,100	–	0.57%	–
L	New	LOEWS CORP	$2,013,000	–	41,700	–	0.57%	–
PSA	New	PUBLIC STORAGE	$1,999,000	–	8,813	–	0.56%	–
GPS	New	GAP INC/THE	$1,982,000	–	61,200	–	0.56%	–
AFL	New	AFLAC INC	$1,975,000	–	45,900	–	0.56%	–
SPR	New	SPIRIT AEROSYSTEMS HOLD-CL A	$1,976,000	–	23,000	–	0.56%	–
OGE	New	OGE ENERGY CORP	$1,972,000	–	56,000	–	0.55%	–
UGI	New	UGI CORP	$1,953,000	–	37,500	–	0.55%	–
EL	New	ESTEE LAUDER COMPANIES-CL A	$1,955,000	–	13,700	–	0.55%	–
MSCI	New	MSCI INC	$1,952,000	–	11,800	–	0.55%	–
FFIV	New	F5 NETWORKS INC	$1,949,000	–	11,300	–	0.55%	–
AZO	New	AUTOZONE INC	$1,946,000	–	2,900	–	0.55%	–
BFB	New	BROWN-FORMAN CORP-CLASS B	$1,936,000	–	39,500	–	0.54%	–
ROK	New	ROCKWELL AUTOMATION INC	$1,928,000	–	11,600	–	0.54%	–
RHI	New	ROBERT HALF INTL INC	$1,920,000	–	29,500	–	0.54%	–
CDK	New	CDK GLOBAL INC	$1,899,000	–	29,200	–	0.53%	–
MTD	New	METTLER-TOLEDO INTERNATIONAL	$1,892,000	–	3,270	–	0.53%	–
TMK	New	TORCHMARK CORP	$1,889,000	–	23,200	–	0.53%	–
AVB	New	AVALONBAY COMMUNITIES INC	$1,891,000	–	11,002	–	0.53%	–
RF	New	REGIONS FINANCIAL CORP	$1,885,000	–	106,000	–	0.53%	–
AOS	New	SMITH (A.O.) CORP	$1,887,000	–	31,900	–	0.53%	–
GWW	New	WW GRAINGER INC	$1,881,000	–	6,100	–	0.53%	–
HSY	New	HERSHEY CO/THE	$1,871,000	–	20,100	–	0.53%	–
SWK	New	STANLEY BLACK and DECKER INC	$1,873,000	–	14,100	–	0.53%	–
FAST	New	FASTENAL CO	$1,863,000	–	38,700	–	0.52%	–
AMP	New	AMERIPRISE FINANCIAL INC	$1,860,000	–	13,300	–	0.52%	–
MAS	New	MASCO CORP	$1,841,000	–	49,200	–	0.52%	–
GIS	New	GENERAL MILLS INC	$1,832,000	–	41,400	–	0.52%	–
AVY	New	AVERY DENNISON CORP	$1,828,000	–	17,900	–	0.51%	–
LII	New	LENNOX INTERNATIONAL INC	$1,821,000	–	9,100	–	0.51%	–
LUV	New	SOUTHWEST AIRLINES CO	$1,811,000	–	35,600	–	0.51%	–
AGNC	New	AGNC INVESTMENT CORP	$1,803,000	–	97,000	–	0.51%	–
YUM	New	YUM! BRANDS INC	$1,783,000	–	22,800	–	0.50%	–
NVR	New	NVR INC	$1,782,000	–	600	–	0.50%	–
WELL	New	WELLTOWER INC	$1,771,000	–	28,247	–	0.50%	–
SEIC	New	SEI INVESTMENTS COMPANY	$1,751,000	–	28,000	–	0.49%	–
EV	New	EATON VANCE CORP	$1,722,000	–	33,000	–	0.48%	–
DAL	New	DELTA AIR LINES INC	$1,684,000	–	34,000	–	0.47%	–
DLR	New	DIGITAL REALTY TRUST INC	$1,668,000	–	14,947	–	0.47%	–
EQR	New	EQUITY RESIDENTIAL	$1,653,000	–	25,953	–	0.46%	–
CCK	New	CROWN HOLDINGS INC	$1,656,000	–	37,000	–	0.46%	–
HST	New	HOST HOTELS and RESORTS INC	$1,630,000	–	77,343	–	0.46%	–
VTR	New	VENTAS INC	$1,615,000	–	28,362	–	0.45%	–
FBHS	New	FORTUNE BRANDS HOME and SECURI	$1,589,000	–	29,600	–	0.45%	–
HRB	New	HandR BLOCK INC	$1,506,000	–	66,100	–	0.42%	–
MAN	New	MANPOWERGROUP INC	$1,368,000	–	15,900	–	0.38%	–
MAA	New	MID-AMERICA APARTMENT COMM	$1,344,000	–	13,350	–	0.38%	–
SBRA	New	SABRA HEALTH CARE REIT INC	$1,345,000	–	61,874	–	0.38%	–
CPT	New	CAMDEN PROPERTY TRUST	$1,297,000	–	14,231	–	0.36%	–
EPR	New	EPR PROPERTIES	$1,296,000	–	20,000	–	0.36%	–
LPT	New	LIBERTY PROPERTY TRUST	$1,241,000	–	27,984	–	0.35%	–
BR	New	BROADRIDGE FINANCIAL SOLUTIO	$1,232,000	–	10,700	–	0.35%	–
IRM	New	IRON MOUNTAIN INC	$1,173,000	–	33,500	–	0.33%	–
VER	New	VEREIT INC	$1,138,000	–	153,000	–	0.32%	–
GPT	New	GRAMERCY PROPERTY TRUST	$1,111,000	–	40,666	–	0.31%	–
SIR	New	SELECT INCOME REIT	$1,099,000	–	48,900	–	0.31%	–
ARE	New	ALEXANDRIA REAL ESTATE EQUIT	$1,079,000	–	8,550	–	0.30%	–
ACC	New	AMERICAN CAMPUS COMMUNITIES	$1,072,000	–	25,000	–	0.30%	–
WH	New	WYNDHAM HOTELS and RESORTS INC	$1,035,000	–	17,600	–	0.29%	–
AIV	New	APARTMENT INVT and MGMT CO -A	$1,036,000	–	24,500	–	0.29%	–
GLPI	New	GAMING AND LEISURE PROPERTIE	$1,020,000	–	28,500	–	0.29%	–
SNH	New	SENIOR HOUSING PROP TRUST	$1,015,000	–	56,100	–	0.28%	–
BDN	New	BRANDYWINE REALTY TRUST	$1,004,000	–	59,500	–	0.28%	–
FCEA	New	FOREST CITY REALTY TRUST- A	$1,004,000	–	44,000	–	0.28%	–
UDR	New	UDR INC	$996,000	–	26,519	–	0.28%	–
HCP	New	HCP INC	$981,000	–	38,007	–	0.28%	–
CLNS	New	A COLNY CAP REIT-A	$919,000	–	147,286	–	0.26%	–
HPP	New	HUDSON PACIFIC PROPERTIES IN	$903,000	–	25,500	–	0.25%	–
MPW	New	MEDICAL PROPERTIES TRUST INC	$870,000	–	62,000	–	0.24%	–
LHO	New	LASALLE HOTEL PROPERTIES	$832,000	–	24,300	–	0.23%	–
VNO	New	VORNADO REALTY TRUST	$831,000	–	11,237	–	0.23%	–
LSI	New	Life Storage Inc	$827,000	–	8,500	–	0.23%	–
DOC	New	PHYSICIANS REALTY TRUST	$813,000	–	51,000	–	0.23%	–
CUBE	New	CUBESMART	$806,000	–	25,000	–	0.23%	–
CXP	New	COLUMBIA PROPERTY TRUST INC	$795,000	–	35,000	–	0.22%	–
HPT	New	HOSPITALITY PROPERTIES TRUST	$780,000	–	27,266	–	0.22%	–
WYND	New	WYNDHAM DESTINATIONS INC	$779,000	–	17,600	–	0.22%	–
KRG	New	KITE REALTY GROUP TRUST	$775,000	–	45,400	–	0.22%	–
EGP	New	EASTGROUP PROPERTIES INC	$776,000	–	8,122	–	0.22%	–
SKT	New	TANGER FACTORY OUTLET CENTER	$740,000	–	31,500	–	0.21%	–
OFC	New	CORPORATE OFFICE PROPERTIES	$739,000	–	25,500	–	0.21%	–
CONE	New	CYRUSONE INC	$741,000	–	12,700	–	0.21%	–
SRC	New	SPIRIT REALTY CAPITAL INC	$739,000	–	92,000	–	0.21%	–
HIW	New	HIGHWOODS PROPERTIES INC	$730,000	–	14,398	–	0.20%	–
RPT	New	RAMCO-GERSHENSON PROPERTIES	$728,000	–	55,100	–	0.20%	–
SLG	New	SL GREEN REALTY CORP	$730,000	–	7,257	–	0.20%	–
BXP	New	BOSTON PROPERTIES INC	$729,000	–	5,814	–	0.20%	–
BRX	New	BRIXMOR PROPERTY GROUP INC	$727,000	–	41,711	–	0.20%	–
ESS	New	ESSEX PROPERTY TRUST INC	$717,000	–	3,000	–	0.20%	–
GNL	New	GLOBAL NET LEASE INC	$715,000	–	34,992	–	0.20%	–
DRH	New	DIAMONDROCK HOSPITALITY CO	$700,000	–	57,000	–	0.20%	–
STAG	New	STAG INDUSTRIAL INC	$694,000	–	25,500	–	0.20%	–
DDR	New	DDR RG	$662,000	–	37,000	–	0.19%	–
MNR	New	MONMOUTH REAL ESTATE INV COR	$661,000	–	40,000	–	0.19%	–
RLJ	New	RLJ LODGING TRUST	$635,000	–	28,800	–	0.18%	–
QTS	New	QTS REALTY TRUST INC-CL A	$632,000	–	16,000	–	0.18%	–
EDR	New	EDUCATION REALTY TRUST INC	$623,000	–	15,000	–	0.18%	–
GGP	New	GGP Inc	$592,000	–	29,000	–	0.17%	–
UMH	New	UMH PROPERTIES INC	$583,000	–	38,000	–	0.16%	–
CUZ	New	COUSINS PROPERTIES INC	$572,000	–	59,000	–	0.16%	–
CLI	New	MACK-CALI REALTY CORP	$568,000	–	28,000	–	0.16%	–
AMH	New	AMERICAN HOMES 4 RENT- A	$555,000	–	25,000	–	0.16%	–
HIFR	New	INFRAREIT INC	$548,000	–	24,720	–	0.15%	–
WRI	New	WEINGARTEN REALTY INVESTORS	$533,000	–	17,314	–	0.15%	–
UNIT	New	UNITI GROUP INC	$521,000	–	26,000	–	0.15%	–
KW	New	KENNEDY-WILSON HOLDINGS INC	$497,000	–	23,509	–	0.14%	–
TIER	New	TIER REIT INC	$476,000	–	20,000	–	0.13%	–
MAC	New	MACERICH CO/THE	$470,000	–	8,266	–	0.13%	–
CLDT	New	CHATHAM LODGING TRUST	$467,000	–	22,000	–	0.13%	–
CHSP	New	CHESAPEAKE LODGING TRUST	$459,000	–	14,500	–	0.13%	–
DRE	New	DUKE REALTY CORP	$456,000	–	15,707	–	0.13%	–
ILPT	New	INDUSTRIAL LOGISTICS PROPERT	$447,000	–	20,000	–	0.13%	–
JBGS	New	JBG SMITH PROPERTIES	$405,000	–	11,118	–	0.11%	–
DCT	New	DCT INDUSTRIAL TRUST INC	$405,000	–	6,062	–	0.11%	–
AHH	New	ARMADA HOFFLER PROPERTIES IN	$389,000	–	26,101	–	0.11%	–
UBA	New	URSTADT BIDDLE - CLASS A	$385,000	–	17,000	–	0.11%	–
TCO	New	TAUBMAN CENTERS INC	$353,000	–	6,000	–	0.10%	–
KIM	New	KIMCO REALTY CORP	$345,000	–	20,295	–	0.10%	–
APTS	New	PREFERRED APARTMENT COMMUN-A	$340,000	–	20,000	–	0.10%	–
SNR	New	NEW SENIOR INVESTMENT GROUP	$317,000	–	41,863	–	0.09%	–
KRC	New	KILROY REALTY CORP	$303,000	–	4,000	–	0.08%	–
ESRT	New	EMPIRE STATE REALTY TRUST-A	$291,000	–	17,000	–	0.08%	–
INN	New	SUMMIT HOTEL PROPERTIES INC	$268,000	–	18,700	–	0.08%	–
QCP	New	QUALITY CARE PROPERTIES	$228,000	–	10,601	–	0.06%	–
INVH	New	INVITATION HOMES INC	$223,000	–	9,684	–	0.06%	–
RMR	New	RMR GROUP INC/THE - A	$218,000	–	2,782	–	0.06%	–
SHO	New	SUNSTONE HOTEL INVESTORS INC	$216,000	–	13,000	–	0.06%	–
NHI	New	NATL HEALTH INVESTORS INC	$184,000	–	2,500	–	0.05%	–
WRE	New	WASHINGTON REIT	$182,000	–	6,000	–	0.05%	–
CBLAQ	New	CBL and ASSOCIATES PROPERTIES	$178,000	–	32,000	–	0.05%	–
HT	New	HERSHA HOSPITALITY TRUST	$172,000	–	8,000	–	0.05%	–
FSP	New	FRANKLIN STREET PROPERTIES C	$171,000	–	20,000	–	0.05%	–
STOR	New	STORE CAPITAL CORP	$164,000	–	6,000	–	0.05%	–
FPI	New	FARMLAND PARTNERS INC	$150,000	–	17,000	–	0.04%	–
HR	New	HEALTHCARE REALTY TRUST INC	$119,000	–	4,082	–	0.03%	–
SMTA	New	SPIRIT MTA REIT	$95,000	–	9,200	–	0.03%	–
NYRT	New	NEW YORK REIT INC	$40,000	–	2,200	–	0.01%	–

Q4 2017

			Value		Shares		↓ Weighting
HR	Exit	HEALTHCARE REALTY TRUST INC	$0	–	-4,082	–	-0.04%	–
RMR	Exit	RMR GROUP INC/THE - A	$0	–	-2,782	–	-0.04%	–
QCP	Exit	QUALITY CARE PROPERTIES	$0	–	-10,601	–	-0.05%	–
NYRT	Exit	NEW YORK REIT INC	$0	–	-22,000	–	-0.05%	–
DOC	Exit	PHYSICIANS REALTY TRUST	$0	–	-11,000	–	-0.06%	–
WRE	Exit	WASHINGTON REIT	$0	–	-6,000	–	-0.06%	–
SFR	Exit	Starwood Waypoint Homes	$0	–	-6,000	–	-0.07%	–
PKY	Exit	PARKWAY INC	$0	–	-10,500	–	-0.08%	–
CBLAQ	Exit	CBL and ASSOCIATES PROPERTIES	$0	–	-32,000	–	-0.08%	–
KRC	Exit	KILROY REALTY CORP	$0	–	-4,000	–	-0.09%	–
INN	Exit	SUMMIT HOTEL PROPERTIES INC	$0	–	-18,700	–	-0.09%	–
TCO	Exit	TAUBMAN CENTERS INC	$0	–	-6,000	–	-0.09%	–
SRC	Exit	SPIRIT REALTY CAPITAL INC	$0	–	-38,000	–	-0.10%	–
ESRT	Exit	EMPIRE STATE REALTY TRUST-A	$0	–	-17,000	–	-0.11%	–
DCT	Exit	DCT INDUSTRIAL TRUST INC	$0	–	-6,062	–	-0.11%	–
HIFR	Exit	INFRAREIT INC	$0	–	-15,720	–	-0.11%	–
AHH	Exit	ARMADA HOFFLER PROPERTIES IN	$0	–	-26,101	–	-0.11%	–
CONE	Exit	CYRUSONE INC	$0	–	-6,200	–	-0.11%	–
QTS	Exit	QTS REALTY TRUST INC-CL A	$0	–	-7,000	–	-0.11%	–
HPP	Exit	HUDSON PACIFIC PROPERTIES IN	$0	–	-11,000	–	-0.11%	–
UBA	Exit	URSTADT BIDDLE - CLASS A	$0	–	-17,000	–	-0.11%	–
JBGS	Exit	JBG SMITH PROPERTIES	$0	–	-11,118	–	-0.12%	–
SNR	Exit	NEW SENIOR INVESTMENT GROUP	$0	–	-41,863	–	-0.12%	–
TIER	Exit	TIER REIT INC	$0	–	-20,000	–	-0.12%	–
CHSP	Exit	CHESAPEAKE LODGING TRUST	$0	–	-14,500	–	-0.12%	–
KIM	Exit	KIMCO REALTY CORP	$0	–	-20,295	–	-0.12%	–
GNL	Exit	GLOBAL NET LEASE INC	$0	–	-18,992	–	-0.13%	–
ACC	Exit	AMERICAN CAMPUS COMMUNITIES	$0	–	-9,500	–	-0.13%	–
MAC	Exit	MACERICH CO/THE	$0	–	-8,266	–	-0.14%	–
DRE	Exit	DUKE REALTY CORP	$0	–	-15,707	–	-0.14%	–
CLNS	Exit	COLONY NORTHSTAR INC-CLASS A	$0	–	-36,286	–	-0.14%	–
CLI	Exit	MACK-CALI REALTY CORP	$0	–	-21,000	–	-0.15%	–
LSI	Exit	Life Storage Inc	$0	–	-6,500	–	-0.16%	–
UDR	Exit	UDR INC	$0	–	-14,519	–	-0.17%	–
WRI	Exit	WEINGARTEN REALTY INVESTORS	$0	–	-17,314	–	-0.17%	–
CUZ	Exit	COUSINS PROPERTIES INC	$0	–	-59,000	–	-0.17%	–
GGP	Exit	GGP Inc	$0	–	-29,000	–	-0.19%	–
DRH	Exit	DIAMONDROCK HOSPITALITY CO	$0	–	-57,000	–	-0.19%	–
RLJ	Exit	RLJ LODGING TRUST	$0	–	-28,800	–	-0.20%	–
EPR	Exit	EPR PROPERTIES	$0	–	-9,300	–	-0.20%	–
OFC	Exit	CORPORATE OFFICE PROPERTIES	$0	–	-20,500	–	-0.21%	–
DDR	Exit	DDR CORP	$0	–	-74,000	–	-0.21%	–
AIV	Exit	APARTMENT INVT and MGMT CO -A	$0	–	-15,500	–	-0.21%	–
GLPI	Exit	GAMING AND LEISURE PROPERTIE	$0	–	-18,500	–	-0.21%	–
STAG	Exit	STAG INDUSTRIAL INC	$0	–	-25,500	–	-0.22%	–
LHO	Exit	LASALLE HOTEL PROPERTIES	$0	–	-24,300	–	-0.22%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-5,814	–	-0.22%	–
EGP	Exit	EASTGROUP PROPERTIES INC	$0	–	-8,122	–	-0.22%	–
RPT	Exit	RAMCO-GERSHENSON PROPERTIES	$0	–	-55,100	–	-0.22%	–
SLG	Exit	SL GREEN REALTY CORP	$0	–	-7,257	–	-0.23%	–
FL	Exit	FOOT LOCKER INC	$0	–	-21,200	–	-0.23%	–
HIW	Exit	HIGHWOODS PROPERTIES INC	$0	–	-14,398	–	-0.23%	–
CXP	Exit	COLUMBIA PROPERTY TRUST INC	$0	–	-35,000	–	-0.24%	–
ESS	Exit	ESSEX PROPERTY TRUST INC	$0	–	-3,000	–	-0.24%	–
FCEA	Exit	FOREST CITY REALTY TRUST- A	$0	–	-30,000	–	-0.24%	–
SKT	Exit	TANGER FACTORY OUTLET CENTER	$0	–	-31,500	–	-0.24%	–
HPT	Exit	HOSPITALITY PROPERTIES TRUST	$0	–	-27,266	–	-0.24%	–
BRX	Exit	BRIXMOR PROPERTY GROUP INC	$0	–	-41,711	–	-0.24%	–
VNO	Exit	VORNADO REALTY TRUST	$0	–	-11,237	–	-0.27%	–
KRG	Exit	KITE REALTY GROUP TRUST	$0	–	-45,400	–	-0.28%	–
IRM	Exit	IRON MOUNTAIN INC	$0	–	-24,500	–	-0.29%	–
ARE	Exit	ALEXANDRIA REAL ESTATE EQUIT	$0	–	-8,550	–	-0.31%	–
GPT	Exit	GRAMERCY PROPERTY TRUST	$0	–	-33,666	–	-0.31%	–
BDN	Exit	BRANDYWINE REALTY TRUST	$0	–	-59,500	–	-0.32%	–
HCP	Exit	HCP INC	$0	–	-38,007	–	-0.33%	–
SNH	Exit	SENIOR HOUSING PROP TRUST	$0	–	-56,100	–	-0.34%	–
CPT	Exit	CAMDEN PROPERTY TRUST	$0	–	-12,231	–	-0.34%	–
SIR	Exit	SELECT INCOME REIT	$0	–	-48,900	–	-0.35%	–
LPT	Exit	LIBERTY PROPERTY TRUST	$0	–	-27,984	–	-0.36%	–
SNA	Exit	SNAP-ON INC	$0	–	-8,000	–	-0.37%	–
SJM	Exit	JM SMUCKER CO/THE	$0	–	-11,400	–	-0.37%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-10,100	–	-0.38%	–
TSCO	Exit	TRACTOR SUPPLY COMPANY	$0	–	-19,400	–	-0.38%	–
LEG	Exit	LEGGETT and PLATT INC	$0	–	-26,000	–	-0.38%	–
VER	Exit	VEREIT INC	$0	–	-153,000	–	-0.39%	–
EFX	Exit	EQUIFAX INC	$0	–	-12,200	–	-0.40%	–
IPG	Exit	INTERPUBLIC GROUP OF COS INC	$0	–	-62,500	–	-0.40%	–
AZO	Exit	AUTOZONE INC	$0	–	-2,200	–	-0.40%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC	$0	–	-6,250	–	-0.42%	–
SBRA	Exit	SABRA HEALTH CARE REIT INC	$0	–	-61,874	–	-0.42%	–
HAS	Exit	HASBRO INC	$0	–	-14,000	–	-0.42%	–
OMC	Exit	OMNICOM GROUP	$0	–	-18,500	–	-0.42%	–
FAST	Exit	FASTENAL CO	$0	–	-31,000	–	-0.44%	–
MAA	Exit	MID-AMERICA APARTMENT COMM	$0	–	-13,350	–	-0.44%	–
HST	Exit	HOST HOTELS and RESORTS INC	$0	–	-77,343	–	-0.44%	–
ETR	Exit	ENTERGY CORP	$0	–	-19,000	–	-0.45%	–
CA	Exit	CA INC	$0	–	-44,300	–	-0.46%	–
L	Exit	LOEWS CORP	$0	–	-31,000	–	-0.46%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-16,800	–	-0.46%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-15,600	–	-0.46%	–
DAL	Exit	DELTA AIR LINES INC	$0	–	-31,000	–	-0.46%	–
LUV	Exit	SOUTHWEST AIRLINES CO	$0	–	-27,000	–	-0.47%	–
EQR	Exit	EQUITY RESIDENTIAL	$0	–	-22,953	–	-0.47%	–
MXIM	Exit	MAXIM INTEGRATED PRODUCTS	$0	–	-32,000	–	-0.47%	–
EV	Exit	EATON VANCE CORP	$0	–	-31,000	–	-0.47%	–
DPZ	Exit	DOMINO'S PIZZA INC	$0	–	-7,700	–	-0.47%	–
PAYX	Exit	PAYCHEX INC	$0	–	-25,700	–	-0.48%	–
HSIC	Exit	HENRY SCHEIN INC	$0	–	-18,800	–	-0.48%	–
TMK	Exit	TORCHMARK CORP	$0	–	-19,300	–	-0.48%	–
HSY	Exit	HERSHEY CO/THE	$0	–	-14,200	–	-0.48%	–
NDAQ	Exit	NASDAQ INC	$0	–	-20,000	–	-0.48%	–
CHD	Exit	CHURCH and DWIGHT CO INC	$0	–	-32,200	–	-0.48%	–
WELL	Exit	WELLTOWER INC	$0	–	-22,247	–	-0.48%	–
KLAC	Exit	KLA-TENCOR CORP	$0	–	-15,000	–	-0.49%	–
MKC	Exit	MCCORMICK and CO-NON VTG SHRS	$0	–	-15,500	–	-0.49%	–
PPL	Exit	PPL CORP	$0	–	-42,000	–	-0.49%	–
	Exit	INGERSOLL-RAND PLC	$0	–	-18,000	–	-0.50%	–
CCK	Exit	CROWN HOLDINGS INC	$0	–	-27,100	–	-0.50%	–
BR	Exit	BROADRIDGE FINANCIAL SOLUTIO	$0	–	-20,000	–	-0.50%	–
ROST	Exit	ROSS STORES INC	$0	–	-25,300	–	-0.50%	–
CBS	Exit	CBS CORP-CLASS B NON VOTING	$0	–	-28,200	–	-0.50%	–
CDW	Exit	CDW CORP/DE	$0	–	-25,000	–	-0.51%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-14,000	–	-0.51%	–
SEIC	Exit	SEI INVESTMENTS COMPANY	$0	–	-27,000	–	-0.51%	–
BBY	Exit	BEST BUY CO INC	$0	–	-29,000	–	-0.51%	–
CLX	Exit	CLOROX COMPANY	$0	–	-12,600	–	-0.51%	–
CE	Exit	CELANESE CORP-SERIES A	$0	–	-16,000	–	-0.52%	–
FISV	Exit	FISERV INC	$0	–	-13,000	–	-0.52%	–
WYND	Exit	WYNDHAM WORLDWIDE CORP	$0	–	-16,000	–	-0.52%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	-32,000	–	-0.52%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-16,700	–	-0.52%	–
MAS	Exit	MASCO CORP	$0	–	-44,200	–	-0.53%	–
FNF	Exit	FNF GROUP	$0	–	-36,500	–	-0.53%	–
NTAP	Exit	NETAPP INC	$0	–	-40,000	–	-0.54%	–
AVB	Exit	AVALONBAY COMMUNITIES INC	$0	–	-9,802	–	-0.54%	–
SNI	Exit	SCRIPPS NETWORKS INTER-CL A	$0	–	-20,500	–	-0.54%	–
IT	Exit	GARTNER INC	$0	–	-14,200	–	-0.54%	–
DLR	Exit	DIGITAL REALTY TRUST INC	$0	–	-14,947	–	-0.55%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-29,300	–	-0.55%	–
AMP	Exit	AMERIPRISE FINANCIAL INC	$0	–	-12,000	–	-0.55%	–
EIX	Exit	EDISON INTERNATIONAL	$0	–	-23,200	–	-0.55%	–
VMW	Exit	VMWARE INC-CLASS A	$0	–	-16,600	–	-0.56%	–
TRV	Exit	TRAVELERS COS INC/THE	$0	–	-15,000	–	-0.57%	–
XLNX	Exit	XILINX INC	$0	–	-26,000	–	-0.57%	–
VTR	Exit	VENTAS INC	$0	–	-28,362	–	-0.57%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-35,900	–	-0.57%	–
CMI	Exit	CUMMINS INC	$0	–	-11,100	–	-0.58%	–
YUM	Exit	YUM! BRANDS INC	$0	–	-25,400	–	-0.58%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-19,100	–	-0.58%	–
PSA	Exit	PUBLIC STORAGE	$0	–	-8,813	–	-0.58%	–
PPG	Exit	PPG INDUSTRIES INC	$0	–	-17,700	–	-0.59%	–
SWK	Exit	STANLEY BLACK and DECKER INC	$0	–	-12,800	–	-0.60%	–
PGR	Exit	PROGRESSIVE CORP	$0	–	-40,000	–	-0.60%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-26,300	–	-0.60%	–
SO	Exit	SOUTHERN CO/THE	$0	–	-39,800	–	-0.60%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-11,000	–	-0.60%	–
AFL	Exit	AFLAC INC	$0	–	-24,300	–	-0.61%	–
PCG	Exit	P G and E CORP	$0	–	-29,300	–	-0.62%	–
MAN	Exit	MANPOWERGROUP INC	$0	–	-17,000	–	-0.62%	–
MCO	Exit	MOODY'S CORP	$0	–	-14,400	–	-0.62%	–
AEP	Exit	AMERICAN ELECTRIC POWER	$0	–	-28,800	–	-0.62%	–
INTU	Exit	INTUIT INC	$0	–	-14,300	–	-0.63%	–
ALL	Exit	ALLSTATE CORP	$0	–	-22,400	–	-0.64%	–
EL	Exit	ESTEE LAUDER COMPANIES-CL A	$0	–	-19,400	–	-0.65%	–
PLD	Exit	PROLOGIS INC	$0	–	-33,000	–	-0.65%	–
SHW	Exit	SHERWIN-WILLIAMS CO/THE	$0	–	-5,900	–	-0.65%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-33,700	–	-0.65%	–
BCR	Exit	CR BARD INC	$0	–	-6,700	–	-0.66%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-14,600	–	-0.67%	–
MMC	Exit	MARSH and MCLENNAN COS	$0	–	-26,000	–	-0.67%	–
MTD	Exit	METTLER-TOLEDO INTERNATIONAL	$0	–	-3,500	–	-0.68%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-26,100	–	-0.68%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-35,300	–	-0.68%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-41,600	–	-0.69%	–
CTSH	Exit	COGNIZANT TECH SOLUTIONS-A	$0	–	-31,400	–	-0.70%	–
CI	Exit	CIGNA CORP	$0	–	-12,200	–	-0.70%	–
BLK	Exit	BLACKROCK INC	$0	–	-5,100	–	-0.70%	–
SPGI	Exit	SandP GLOBAL INC	$0	–	-14,700	–	-0.71%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-32,000	–	-0.72%	–
LOW	Exit	LOWE'S COS INC	$0	–	-29,300	–	-0.72%	–
FDX	Exit	FEDEX CORP	$0	–	-10,500	–	-0.73%	–
BIIB	Exit	BIOGEN INC	$0	–	-7,700	–	-0.74%	–
UPS	Exit	UNITED PARCEL SERVICE-CL B	$0	–	-20,250	–	-0.75%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-22,000	–	-0.79%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-22,000	–	-0.79%	–
TWX	Exit	TIME WARNER INC	$0	–	-25,400	–	-0.80%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-29,900	–	-0.83%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-52,900	–	-0.85%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-43,700	–	-0.86%	–
IBM	Exit	INTL BUSINESS MACHINES CORP	$0	–	-19,100	–	-0.86%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-34,300	–	-0.86%	–
DIS	Exit	WALT DISNEY CO/THE	$0	–	-31,800	–	-0.97%	–
CELG	Exit	CELGENE CORP	$0	–	-21,600	–	-0.97%	–
MMM	Exit	3M CO	$0	–	-15,300	–	-0.99%	–
PEP	Exit	PEPSICO INC	$0	–	-29,000	–	-1.00%	–
MCD	Exit	MCDONALD'S CORP	$0	–	-22,000	–	-1.06%	–
MA	Exit	MASTERCARD INC - A	$0	–	-24,500	–	-1.07%	–
GOOG	Exit	ALPHABET INC-CL C	$0	–	-3,700	–	-1.10%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-33,600	–	-1.15%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-78,400	–	-1.20%	–
GOOGL	Exit	ALPHABET INC-CL A	$0	–	-4,080	–	-1.23%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-20,400	–	-1.23%	–
HD	Exit	HOME DEPOT INC	$0	–	-25,400	–	-1.28%	–
V	Exit	VISA INC-CLASS A SHARES	$0	–	-40,000	–	-1.30%	–
PFE	Exit	PFIZER INC	$0	–	-120,300	–	-1.32%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-178,000	–	-1.33%	–
T	Exit	ATandT INC	$0	–	-110,300	–	-1.33%	–
SPG	Exit	SIMON PROPERTY GROUP INC	$0	–	-27,506	–	-1.37%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-105,300	–	-2.42%	–
AAPL	Exit	APPLE INC	$0	–	-51,700	–	-2.46%	–

Q3 2017

			Value		Shares		↓ Weighting
GE	New	GENERAL ELECTRIC CO	$4,304,000	–	178,000	–	1.33%	–
CVS	New	CVS HEALTH CORP	$2,789,000	–	34,300	–	0.86%	–
TWX	New	TIME WARNER INC	$2,602,000	–	25,400	–	0.80%	–
FDX	New	FEDEX CORP	$2,369,000	–	10,500	–	0.73%	–
CL	New	COLGATE-PALMOLIVE CO	$2,331,000	–	32,000	–	0.72%	–
CI	New	CIGNA CORP	$2,281,000	–	12,200	–	0.70%	–
EMR	New	EMERSON ELECTRIC CO	$2,118,000	–	33,700	–	0.65%	–
AEP	New	AMERICAN ELECTRIC POWER	$2,023,000	–	28,800	–	0.62%	–
MCO	New	MOODY'S CORP	$2,005,000	–	14,400	–	0.62%	–
PCG	New	P G and E CORP	$1,995,000	–	29,300	–	0.62%	–
PPG	New	PPG INDUSTRIES INC	$1,923,000	–	17,700	–	0.59%	–
YUM	New	YUM! BRANDS INC	$1,870,000	–	25,400	–	0.58%	–
GIS	New	GENERAL MILLS INC	$1,858,000	–	35,900	–	0.57%	–
XLNX	New	XILINX INC	$1,842,000	–	26,000	–	0.57%	–
EIX	New	EDISON INTERNATIONAL	$1,790,000	–	23,200	–	0.55%	–
ES	New	EVERSOURCE ENERGY	$1,771,000	–	29,300	–	0.55%	–
DLR	Buy	DIGITAL REALTY TRUST INC	$1,769,000	+31.0%	14,947	+25.1%	0.55%	+25.2%
SNI	New	SCRIPPS NETWORKS INTER-CL A	$1,761,000	–	20,500	–	0.54%	–
FNF	New	FNF GROUP	$1,732,000	–	36,500	–	0.53%	–
MAS	New	MASCO CORP	$1,724,000	–	44,200	–	0.53%	–
BK	New	BANK OF NEW YORK MELLON CORP	$1,697,000	–	32,000	–	0.52%	–
WYND	New	WYNDHAM WORLDWIDE CORP	$1,687,000	–	16,000	–	0.52%	–
CBS	New	CBS CORP-CLASS B NON VOTING	$1,636,000	–	28,200	–	0.50%	–
CCK	New	CROWN HOLDINGS INC	$1,618,000	–	27,100	–	0.50%	–
	Sell	INGERSOLL-RAND PLC	$1,605,000	-50.6%	18,000	-51.4%	0.50%	-52.8%
HSIC	Buy	HENRY SCHEIN INC	$1,541,000	-10.4%	18,800	+100.0%	0.48%	-14.2%
DPZ	New	DOMINO'S PIZZA INC	$1,529,000	–	7,700	–	0.47%	–
LUV	New	SOUTHWEST AIRLINES CO	$1,511,000	–	27,000	–	0.47%	–
DAL	New	DELTA AIR LINES INC	$1,495,000	–	31,000	–	0.46%	–
SBRA	Buy	SABRA HEALTH CARE REIT INC	$1,358,000	+198.5%	61,874	+227.8%	0.42%	+185.0%
EFX	New	EQUIFAX INC	$1,293,000	–	12,200	–	0.40%	–
ARE	Sell	ALEXANDRIA REAL ESTATE EQUIT	$1,017,000	-23.6%	8,550	-22.6%	0.31%	-27.0%
IRM	Buy	IRON MOUNTAIN INC	$953,000	+38.7%	24,500	+22.5%	0.29%	+32.4%
EGP	Sell	EASTGROUP PROPERTIES INC	$716,000	-18.0%	8,122	-22.1%	0.22%	-21.6%
STAG	Sell	STAG INDUSTRIAL INC	$700,000	-24.3%	25,500	-23.9%	0.22%	-27.8%
CLI	New	MACK-CALI REALTY CORP	$498,000	–	21,000	–	0.15%	–
GNL	New	GLOBAL NET LEASE INC	$416,000	–	18,992	–	0.13%	–
JBGS	New	JBG SMITH PROPERTIES	$380,000	–	11,118	–	0.12%	–
HPP	New	HUDSON PACIFIC PROPERTIES IN	$369,000	–	11,000	–	0.11%	–
QTS	New	QTS REALTY TRUST INC-CL A	$367,000	–	7,000	–	0.11%	–
HIFR	Sell	INFRAREIT INC	$352,000	-45.5%	15,720	-53.4%	0.11%	-47.6%
ESRT	Sell	EMPIRE STATE REALTY TRUST-A	$349,000	-35.4%	17,000	-34.6%	0.11%	-37.9%
SFR	New	Starwood Waypoint Homes	$218,000	–	6,000	–	0.07%	–
NYRT	New	NEW YORK REIT INC	$173,000	–	22,000	–	0.05%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	0	–	0.00%	–
INTC	Exit	INTEL CORP	$0	–	0	–	0.00%	–
FB	Exit	FACEBOOK INC-A	$0	–	0	–	0.00%	–
ORCL	Exit	ORACLE CORP	$0	–	0	–	0.00%	–
MORE	Exit	MONOGRAM RESIDENTIAL TRUST I	$0	–	-11,875	–	-0.04%	–
SFR	Exit	COLONY STARWOOD HOMES	$0	–	-6,000	–	-0.07%	–
DFT	Exit	DUPONT FABROS TECHNOLOGY	$0	–	-12,500	–	-0.25%	–
CCP	Exit	CARE CAPITAL PROPERTIES INC	$0	–	-38,290	–	-0.33%	–
DKS	Exit	DICK'S SPORTING GOODS INC	$0	–	-26,600	–	-0.34%	–
INGR	Exit	INGREDION INC	$0	–	-11,200	–	-0.43%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-39,900	–	-0.44%	–
JBHT	Exit	HUNT (JB) TRANSPRT SVCS INC	$0	–	-14,900	–	-0.44%	–
CHRW	Exit	C.H. ROBINSON WORLDWIDE INC	$0	–	-20,000	–	-0.44%	–
RGA	Exit	REINSURANCE GROUP OF AMERICA	$0	–	-11,500	–	-0.48%	–
DG	Exit	DOLLAR GENERAL CORP	$0	–	-21,000	–	-0.49%	–
BFB	Exit	BROWN-FORMAN CORP-CLASS B	$0	–	-31,900	–	-0.50%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-27,800	–	-0.51%	–
CTAS	Exit	CINTAS CORP	$0	–	-12,600	–	-0.51%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GP	$0	–	-37,200	–	-0.52%	–
AOS	Exit	SMITH (A.O.) CORP	$0	–	-29,300	–	-0.53%	–
VFC	Exit	VF CORP	$0	–	-29,200	–	-0.54%	–
PFG	Exit	PRINCIPAL FINANCIAL GROUP	$0	–	-26,300	–	-0.54%	–
MHK	Exit	MOHAWK INDUSTRIES INC	$0	–	-7,000	–	-0.55%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-10,800	–	-0.56%	–
DRI	Exit	DARDEN RESTAURANTS INC	$0	–	-19,500	–	-0.57%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-18,700	–	-0.62%	–
WAT	Exit	WATERS CORP	$0	–	-10,500	–	-0.62%	–
COH	Exit	COACH INC	$0	–	-41,300	–	-0.63%	–
COST	Exit	COSTCO WHOLESALE CORP	$0	–	-13,700	–	-0.71%	–
PCLN	Exit	PRICELINE GROUP INC/THE	$0	–	-1,300	–	-0.78%	–
NKE	Exit	NIKE INC -CL B	$0	–	-42,100	–	-0.80%	–
LLY	Exit	ELI LILLY and CO	$0	–	-30,400	–	-0.81%	–
PG	Exit	PROCTER and GAMBLE CO/THE	$0	–	-46,000	–	-1.29%	–

Q2 2017

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$7,446,000	–	51,700	–	2.40%	–
MSFT	New	MICROSOFT CORP	$7,258,000	–	105,300	–	2.34%	–
SPG	New	SIMON PROPERTY GROUP INC	$4,449,000	–	27,506	–	1.44%	–
T	New	ATandT INC	$4,162,000	–	110,300	–	1.34%	–
PFE	New	PFIZER INC	$4,041,000	–	120,300	–	1.30%	–
PG	New	PROCTER and GAMBLE CO/THE	$4,009,000	–	46,000	–	1.29%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$3,946,000	–	33,600	–	1.27%	–
HD	New	HOME DEPOT INC	$3,896,000	–	25,400	–	1.26%	–
GOOGL	New	ALPHABET INC-CL A	$3,793,000	–	4,080	–	1.22%	–
UNH	New	UNITEDHEALTH GROUP INC	$3,783,000	–	20,400	–	1.22%	–
V	New	VISA INC-CLASS A SHARES	$3,751,000	–	40,000	–	1.21%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,501,000	–	78,400	–	1.13%	–
DIS	New	WALT DISNEY CO/THE	$3,379,000	–	31,800	–	1.09%	–
MCD	New	MCDONALD'S CORP	$3,370,000	–	22,000	–	1.09%	–
GOOG	New	ALPHABET INC-CL C	$3,362,000	–	3,700	–	1.08%	–
PEP	New	PEPSICO INC	$3,349,000	–	29,000	–	1.08%	–
MO	New	ALTRIA GROUP INC	$3,254,000	–	43,700	–	1.05%	–
	New	LYONDELLBASELL INDU-CL A	$3,248,000	–	37,000	–	1.05%	–
MMM	New	3M CO	$3,185,000	–	15,300	–	1.03%	–
MA	New	MASTERCARD INC - A	$2,976,000	–	24,500	–	0.96%	–
IBM	New	INTL BUSINESS MACHINES CORP	$2,938,000	–	19,100	–	0.95%	–
CELG	New	CELGENE CORP	$2,805,000	–	21,600	–	0.90%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,686,000	–	22,000	–	0.87%	–
LLY	New	ELI LILLY and CO	$2,502,000	–	30,400	–	0.81%	–
NKE	New	NIKE INC -CL B	$2,484,000	–	42,100	–	0.80%	–
PCLN	New	PRICELINE GROUP INC/THE	$2,432,000	–	1,300	–	0.78%	–
SBUX	New	STARBUCKS CORP	$2,426,000	–	41,600	–	0.78%	–
UNP	New	UNION PACIFIC CORP	$2,396,000	–	22,000	–	0.77%	–
TXN	New	TEXAS INSTRUMENTS INC	$2,300,000	–	29,900	–	0.74%	–
LOW	New	LOWE'S COS INC	$2,272,000	–	29,300	–	0.73%	–
UPS	New	UNITED PARCEL SERVICE-CL B	$2,239,000	–	20,250	–	0.72%	–
COST	New	COSTCO WHOLESALE CORP	$2,191,000	–	13,700	–	0.71%	–
AMAT	New	APPLIED MATERIALS INC	$2,185,000	–	52,900	–	0.70%	–
DUK	New	DUKE ENERGY CORP	$2,182,000	–	26,100	–	0.70%	–
BLK	New	BLACKROCK INC	$2,154,000	–	5,100	–	0.70%	–
SPGI	New	SandP GLOBAL INC	$2,146,000	–	14,700	–	0.69%	–
BAX	New	BAXTER INTERNATIONAL INC	$2,137,000	–	35,300	–	0.69%	–
BCR	New	CR BARD INC	$2,118,000	–	6,700	–	0.68%	–
ITW	New	ILLINOIS TOOL WORKS	$2,091,000	–	14,600	–	0.68%	–
BIIB	New	BIOGEN INC	$2,089,000	–	7,700	–	0.67%	–
CTSH	New	COGNIZANT TECH SOLUTIONS-A	$2,085,000	–	31,400	–	0.67%	–
SHW	New	SHERWIN-WILLIAMS CO/THE	$2,071,000	–	5,900	–	0.67%	–
MTD	New	METTLER-TOLEDO INTERNATIONAL	$2,060,000	–	3,500	–	0.66%	–
MMC	New	MARSH and MCLENNAN COS	$2,027,000	–	26,000	–	0.65%	–
ALL	New	ALLSTATE CORP	$1,981,000	–	22,400	–	0.64%	–
VTR	New	VENTAS INC	$1,971,000	–	28,362	–	0.64%	–
COH	New	COACH INC	$1,955,000	–	41,300	–	0.63%	–
PLD	New	PROLOGIS INC	$1,935,000	–	33,000	–	0.62%	–
WAT	New	WATERS CORP	$1,930,000	–	10,500	–	0.62%	–
ADP	New	AUTOMATIC DATA PROCESSING	$1,916,000	–	18,700	–	0.62%	–
SO	New	SOUTHERN CO/THE	$1,906,000	–	39,800	–	0.62%	–
MAN	New	MANPOWERGROUP INC	$1,898,000	–	17,000	–	0.61%	–
TRV	New	TRAVELERS COS INC/THE	$1,898,000	–	15,000	–	0.61%	–
TJX	New	TJX COMPANIES INC	$1,898,000	–	26,300	–	0.61%	–
INTU	New	INTUIT INC	$1,899,000	–	14,300	–	0.61%	–
AFL	New	AFLAC INC	$1,888,000	–	24,300	–	0.61%	–
AVB	New	AVALONBAY COMMUNITIES INC	$1,884,000	–	9,802	–	0.61%	–
EL	New	ESTEE LAUDER COMPANIES-CL A	$1,862,000	–	19,400	–	0.60%	–
PSA	New	PUBLIC STORAGE	$1,838,000	–	8,813	–	0.59%	–
KMB	New	KIMBERLY-CLARK CORP	$1,808,000	–	14,000	–	0.58%	–
CMI	New	CUMMINS INC	$1,801,000	–	11,100	–	0.58%	–
SWK	New	STANLEY BLACK and DECKER INC	$1,801,000	–	12,800	–	0.58%	–
ROK	New	ROCKWELL AUTOMATION INC	$1,782,000	–	11,000	–	0.58%	–
DRI	New	DARDEN RESTAURANTS INC	$1,764,000	–	19,500	–	0.57%	–
PGR	New	PROGRESSIVE CORP	$1,764,000	–	40,000	–	0.57%	–
IT	New	GARTNER INC	$1,754,000	–	14,200	–	0.57%	–
PH	New	PARKER HANNIFIN CORP	$1,726,000	–	10,800	–	0.56%	–
HSIC	New	HENRY SCHEIN INC	$1,720,000	–	9,400	–	0.56%	–
MHK	New	MOHAWK INDUSTRIES INC	$1,692,000	–	7,000	–	0.55%	–
AVY	New	AVERY DENNISON CORP	$1,688,000	–	19,100	–	0.54%	–
PFG	New	PRINCIPAL FINANCIAL GROUP	$1,685,000	–	26,300	–	0.54%	–
VFC	New	VF CORP	$1,682,000	–	29,200	–	0.54%	–
CLX	New	CLOROX COMPANY	$1,679,000	–	12,600	–	0.54%	–
CHD	New	CHURCH and DWIGHT CO INC	$1,671,000	–	32,200	–	0.54%	–
WELL	New	WELLTOWER INC	$1,665,000	–	22,247	–	0.54%	–
BBY	New	BEST BUY CO INC	$1,663,000	–	29,000	–	0.54%	–
AOS	New	SMITH (A.O.) CORP	$1,650,000	–	29,300	–	0.53%	–
PPL	New	PPL CORP	$1,624,000	–	42,000	–	0.52%	–
NTAP	New	NETAPP INC	$1,602,000	–	40,000	–	0.52%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$1,602,000	–	16,700	–	0.52%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GP	$1,600,000	–	37,200	–	0.52%	–
FISV	New	FISERV INC	$1,590,000	–	13,000	–	0.51%	–
CTAS	New	CINTAS CORP	$1,588,000	–	12,600	–	0.51%	–
EXPD	New	EXPEDITORS INTL WASH INC	$1,570,000	–	27,800	–	0.51%	–
CDW	New	CDW CORP/DE	$1,563,000	–	25,000	–	0.50%	–
HAS	New	HASBRO INC	$1,561,000	–	14,000	–	0.50%	–
BFB	New	BROWN-FORMAN CORP-CLASS B	$1,550,000	–	31,900	–	0.50%	–
IPG	New	INTERPUBLIC GROUP OF COS INC	$1,538,000	–	62,500	–	0.50%	–
OMC	New	OMNICOM GROUP	$1,534,000	–	18,500	–	0.50%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$1,531,000	–	16,800	–	0.49%	–
AMP	New	AMERIPRISE FINANCIAL INC	$1,527,000	–	12,000	–	0.49%	–
CA	New	CA INC	$1,527,000	–	44,300	–	0.49%	–
HSY	New	HERSHEY CO/THE	$1,525,000	–	14,200	–	0.49%	–
CE	New	CELANESE CORP-SERIES A	$1,519,000	–	16,000	–	0.49%	–
DG	New	DOLLAR GENERAL CORP	$1,514,000	–	21,000	–	0.49%	–
EQR	New	EQUITY RESIDENTIAL	$1,511,000	–	22,953	–	0.49%	–
BR	New	BROADRIDGE FINANCIAL SOLUTIO	$1,511,000	–	20,000	–	0.49%	–
MKC	New	MCCORMICK and CO-NON VTG SHRS	$1,511,000	–	15,500	–	0.49%	–
RGA	New	REINSURANCE GROUP OF AMERICA	$1,476,000	–	11,500	–	0.48%	–
TMK	New	TORCHMARK CORP	$1,476,000	–	19,300	–	0.48%	–
EV	New	EATON VANCE CORP	$1,467,000	–	31,000	–	0.47%	–
ROST	New	ROSS STORES INC	$1,461,000	–	25,300	–	0.47%	–
PAYX	New	PAYCHEX INC	$1,463,000	–	25,700	–	0.47%	–
ETR	New	ENTERGY CORP	$1,459,000	–	19,000	–	0.47%	–
SEIC	New	SEI INVESTMENTS COMPANY	$1,452,000	–	27,000	–	0.47%	–
L	New	LOEWS CORP	$1,451,000	–	31,000	–	0.47%	–
VMW	New	VMWARE INC-CLASS A	$1,451,000	–	16,600	–	0.47%	–
GPC	New	GENUINE PARTS CO	$1,447,000	–	15,600	–	0.47%	–
MXIM	New	MAXIM INTEGRATED PRODUCTS	$1,437,000	–	32,000	–	0.46%	–
NDAQ	New	NASDAQ INC	$1,430,000	–	20,000	–	0.46%	–
HST	New	HOST HOTELS and RESORTS INC	$1,413,000	–	77,343	–	0.46%	–
MAA	New	MID-AMERICA APARTMENT COMM	$1,407,000	–	13,350	–	0.45%	–
CHRW	New	C.H. ROBINSON WORLDWIDE INC	$1,374,000	–	20,000	–	0.44%	–
KLAC	New	KLA-TENCOR CORP	$1,373,000	–	15,000	–	0.44%	–
LEG	New	LEGGETT and PLATT INC	$1,366,000	–	26,000	–	0.44%	–
ORLY	New	O'REILLY AUTOMOTIVE INC	$1,367,000	–	6,250	–	0.44%	–
JBHT	New	HUNT (JB) TRANSPRT SVCS INC	$1,362,000	–	14,900	–	0.44%	–
HRL	New	HORMEL FOODS CORP	$1,361,000	–	39,900	–	0.44%	–
DLR	New	DIGITAL REALTY TRUST INC	$1,350,000	–	11,950	–	0.44%	–
FAST	New	FASTENAL CO	$1,349,000	–	31,000	–	0.44%	–
SJM	New	JM SMUCKER CO/THE	$1,349,000	–	11,400	–	0.44%	–
INGR	New	INGREDION INC	$1,335,000	–	11,200	–	0.43%	–
ARE	New	ALEXANDRIA REAL ESTATE EQUIT	$1,331,000	–	11,050	–	0.43%	–
FFIV	New	F5 NETWORKS INC	$1,283,000	–	10,100	–	0.41%	–
SNA	New	SNAP-ON INC	$1,264,000	–	8,000	–	0.41%	–
AZO	New	AUTOZONE INC	$1,255,000	–	2,200	–	0.40%	–
VER	New	VEREIT INC	$1,245,000	–	153,000	–	0.40%	–
HCP	New	HCP INC	$1,215,000	–	38,007	–	0.39%	–
SIR	New	SELECT INCOME REIT	$1,175,000	–	48,900	–	0.38%	–
SNH	New	SENIOR HOUSING PROP TRUST	$1,147,000	–	56,100	–	0.37%	–
LPT	New	LIBERTY PROPERTY TRUST	$1,139,000	–	27,984	–	0.37%	–
DKS	New	DICK'S SPORTING GOODS INC	$1,059,000	–	26,600	–	0.34%	–
TSCO	New	TRACTOR SUPPLY COMPANY	$1,052,000	–	19,400	–	0.34%	–
VNO	New	VORNADO REALTY TRUST	$1,055,000	–	11,237	–	0.34%	–
CPT	New	CAMDEN PROPERTY TRUST	$1,046,000	–	12,231	–	0.34%	–
BDN	New	BRANDYWINE REALTY TRUST	$1,043,000	–	59,500	–	0.34%	–
FL	New	FOOT LOCKER INC	$1,045,000	–	21,200	–	0.34%	–
CCP	New	CARE CAPITAL PROPERTIES INC	$1,022,000	–	38,290	–	0.33%	–
GPT	New	GRAMERCY PROPERTY TRUST	$1,000,000	–	33,666	–	0.32%	–
STAG	New	STAG INDUSTRIAL INC	$925,000	–	33,500	–	0.30%	–
EGP	New	EASTGROUP PROPERTIES INC	$873,000	–	10,422	–	0.28%	–
KRG	New	KITE REALTY GROUP TRUST	$859,000	–	45,400	–	0.28%	–
SKT	New	TANGER FACTORY OUTLET CENTER	$818,000	–	31,500	–	0.26%	–
HPT	New	HOSPITALITY PROPERTIES TRUST	$795,000	–	27,266	–	0.26%	–
CXP	New	COLUMBIA PROPERTY TRUST INC	$783,000	–	35,000	–	0.25%	–
ESS	New	ESSEX PROPERTY TRUST INC	$772,000	–	3,000	–	0.25%	–
SLG	New	SL GREEN REALTY CORP	$768,000	–	7,257	–	0.25%	–
DFT	New	DUPONT FABROS TECHNOLOGY	$765,000	–	12,500	–	0.25%	–
BRX	New	BRIXMOR PROPERTY GROUP INC	$746,000	–	41,711	–	0.24%	–
HIW	New	HIGHWOODS PROPERTIES INC	$730,000	–	14,398	–	0.24%	–
LHO	New	LASALLE HOTEL PROPERTIES	$724,000	–	24,300	–	0.23%	–
FCEA	New	FOREST CITY REALTY TRUST- A	$725,000	–	30,000	–	0.23%	–
OFC	New	CORPORATE OFFICE PROPERTIES	$718,000	–	20,500	–	0.23%	–
BXP	New	BOSTON PROPERTIES INC	$715,000	–	5,814	–	0.23%	–
RPT	New	RAMCO-GERSHENSON PROPERTIES	$711,000	–	55,100	–	0.23%	–
GLPI	New	GAMING AND LEISURE PROPERTIE	$697,000	–	18,500	–	0.22%	–
IRM	New	IRON MOUNTAIN INC	$687,000	–	20,000	–	0.22%	–
GGP	New	GGP Inc	$683,000	–	29,000	–	0.22%	–
DDR	New	DDR CORP	$671,000	–	74,000	–	0.22%	–
EPR	New	EPR PROPERTIES	$668,000	–	9,300	–	0.22%	–
AIV	New	APARTMENT INVT and MGMT CO -A	$666,000	–	15,500	–	0.22%	–
HIFR	New	INFRAREIT INC	$646,000	–	33,720	–	0.21%	–
DRH	New	DIAMONDROCK HOSPITALITY CO	$624,000	–	57,000	–	0.20%	–
RLJ	New	RLJ LODGING TRUST	$572,000	–	28,800	–	0.18%	–
UDR	New	UDR INC	$566,000	–	14,519	–	0.18%	–
ESRT	New	EMPIRE STATE REALTY TRUST-A	$540,000	–	26,000	–	0.17%	–
CUZ	New	COUSINS PROPERTIES INC	$519,000	–	59,000	–	0.17%	–
WRI	New	WEINGARTEN REALTY INVESTORS	$521,000	–	17,314	–	0.17%	–
CLNS	New	COLONY NORTHSTAR INC-CLASS A	$511,000	–	36,286	–	0.16%	–
LSI	New	Life Storage Inc	$482,000	–	6,500	–	0.16%	–
MAC	New	MACERICH CO/THE	$480,000	–	8,266	–	0.16%	–
SBRA	New	SABRA HEALTH CARE REIT INC	$455,000	–	18,875	–	0.15%	–
ACC	New	AMERICAN CAMPUS COMMUNITIES	$449,000	–	9,500	–	0.14%	–
DRE	New	DUKE REALTY CORP	$439,000	–	15,707	–	0.14%	–
SNR	New	NEW SENIOR INVESTMENT GROUP	$421,000	–	41,863	–	0.14%	–
KIM	New	KIMCO REALTY CORP	$372,000	–	20,295	–	0.12%	–
TIER	New	TIER REIT INC	$370,000	–	20,000	–	0.12%	–
TCO	New	TAUBMAN CENTERS INC	$357,000	–	6,000	–	0.12%	–
CHSP	New	CHESAPEAKE LODGING TRUST	$355,000	–	14,500	–	0.12%	–
INN	New	SUMMIT HOTEL PROPERTIES INC	$349,000	–	18,700	–	0.11%	–
CONE	New	CYRUSONE INC	$346,000	–	6,200	–	0.11%	–
UBA	New	URSTADT BIDDLE - CLASS A	$337,000	–	17,000	–	0.11%	–
AHH	New	ARMADA HOFFLER PROPERTIES IN	$338,000	–	26,101	–	0.11%	–
DCT	New	DCT INDUSTRIAL TRUST INC	$324,000	–	6,062	–	0.10%	–
KRC	New	KILROY REALTY CORP	$301,000	–	4,000	–	0.10%	–
SRC	New	SPIRIT REALTY CAPITAL INC	$282,000	–	38,000	–	0.09%	–
CBLAQ	New	CBL and ASSOCIATES PROPERTIES	$270,000	–	32,000	–	0.09%	–
PKY	New	PARKWAY INC	$240,000	–	10,500	–	0.08%	–
DOC	New	PHYSICIANS REALTY TRUST	$222,000	–	11,000	–	0.07%	–
SFR	New	COLONY STARWOOD HOMES	$206,000	–	6,000	–	0.07%	–
QCP	New	QUALITY CARE PROPERTIES	$194,000	–	10,601	–	0.06%	–
WRE	New	WASHINGTON REIT	$191,000	–	6,000	–	0.06%	–
HR	New	HEALTHCARE REALTY TRUST INC	$139,000	–	4,082	–	0.04%	–
RMR	New	RMR GROUP INC/THE - A	$135,000	–	2,782	–	0.04%	–
MORE	New	MONOGRAM RESIDENTIAL TRUST I	$115,000	–	11,875	–	0.04%	–
ORCL	New	ORACLE CORP	$0	–	0	–	0.00%	–
ADI	New	ANALOG DEVICES INC	$0	–	0	–	0.00%	–
INTC	New	INTEL CORP	$0	–	0	–	0.00%	–
FB	New	FACEBOOK INC-A	$0	–	0	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
PPL	Exit	PPL CORP	$0	–	0	–	0.00%	–
RMR	Exit	RMR GROUP INC/THE - A	$0	–	-2,782	–	-0.03%	–
MORE	Exit	MONOGRAM RESIDENTIAL TRUST I	$0	–	-11,875	–	-0.04%	–
HR	Exit	HEALTHCARE REALTY TRUST INC	$0	–	-4,082	–	-0.04%	–
ROIC	Exit	RETAIL OPPORTUNITY INVESTMEN	$0	–	-7,000	–	-0.05%	–
SBY	Exit	SILVER BAY REALTY TRUST CORP	$0	–	-10,000	–	-0.05%	–
DFT	Exit	DUPONT FABROS TECHNOLOGY	$0	–	-5,500	–	-0.07%	–
DOC	Exit	PHYSICIANS REALTY TRUST	$0	–	-11,000	–	-0.07%	–
INN	Exit	SUMMIT HOTEL PROPERTIES INC	$0	–	-18,700	–	-0.07%	–
CONE	Exit	CYRUSONE INC	$0	–	-5,200	–	-0.08%	–
AMH	Exit	AMERICAN HOMES 4 RENT- A	$0	–	-12,000	–	-0.08%	–
KRC	Exit	KILROY REALTY CORP	$0	–	-4,000	–	-0.08%	–
AHH	Exit	ARMADA HOFFLER PROPERTIES IN	$0	–	-21,101	–	-0.08%	–
DCT	Exit	DCT INDUSTRIAL TRUST INC	$0	–	-6,062	–	-0.09%	–
PPS	Exit	POST PROPERTIES INC	$0	–	-5,000	–	-0.10%	–
CHSP	Exit	CHESAPEAKE LODGING TRUST	$0	–	-14,500	–	-0.10%	–
SFR	Exit	COLONY STARWOOD HOMES	$0	–	-13,000	–	-0.11%	–
UBA	Exit	URSTADT BIDDLE - CLASS A	$0	–	-17,000	–	-0.11%	–
LSI	Exit	Life Storage Inc	$0	–	-4,300	–	-0.12%	–
CBLAQ	Exit	CBL and ASSOCIATES PROPERTIES	$0	–	-32,000	–	-0.12%	–
RPT	Exit	RAMCO-GERSHENSON PROPERTIES	$0	–	-22,100	–	-0.12%	–
TCO	Exit	TAUBMAN CENTERS INC	$0	–	-6,000	–	-0.14%	–
IRM	Exit	IRON MOUNTAIN INC	$0	–	-12,000	–	-0.14%	–
SNR	Exit	NEW SENIOR INVESTMENT GROUP	$0	–	-41,863	–	-0.15%	–
ACC	Exit	AMERICAN CAMPUS COMMUNITIES	$0	–	-9,500	–	-0.15%	–
UDR	Exit	UDR INC	$0	–	-13,519	–	-0.15%	–
ESRT	Exit	EMPIRE STATE REALTY TRUST-A	$0	–	-24,000	–	-0.15%	–
DRH	Exit	DIAMONDROCK HOSPITALITY CO	$0	–	-57,000	–	-0.16%	–
OFC	Exit	CORPORATE OFFICE PROPERTIES	$0	–	-18,500	–	-0.16%	–
CXP	Exit	COLUMBIA PROPERTY TRUST INC	$0	–	-25,000	–	-0.17%	–
HIFR	Exit	INFRAREIT INC	$0	–	-31,720	–	-0.17%	–
LHO	Exit	LASALLE HOTEL PROPERTIES	$0	–	-24,300	–	-0.18%	–
KIM	Exit	KIMCO REALTY CORP	$0	–	-20,295	–	-0.18%	–
RLJ	Exit	RLJ LODGING TRUST	$0	–	-28,800	–	-0.18%	–
GLPI	Exit	GAMING AND LEISURE PROPERTIE	$0	–	-18,500	–	-0.19%	–
DRE	Exit	DUKE REALTY CORP	$0	–	-22,707	–	-0.19%	–
MAA	Exit	MID-AMERICA APARTMENT COMM	$0	–	-6,800	–	-0.19%	–
AIV	Exit	APARTMENT INVT and MGMT CO -A	$0	–	-14,500	–	-0.20%	–
MAC	Exit	MACERICH CO/THE	$0	–	-8,266	–	-0.20%	–
ESS	Exit	ESSEX PROPERTY TRUST INC	$0	–	-3,000	–	-0.20%	–
WRI	Exit	WEINGARTEN REALTY INVESTORS	$0	–	-17,314	–	-0.20%	–
HIW	Exit	HIGHWOODS PROPERTIES INC	$0	–	-13,398	–	-0.21%	–
GGP	Exit	GENERAL GROWTH PROPERTIES	$0	–	-26,000	–	-0.22%	–
EPR	Exit	EPR PROPERTIES	$0	–	-9,300	–	-0.22%	–
DDR	Exit	DDR CORP	$0	–	-42,000	–	-0.22%	–
NRF	Exit	NORTHSTAR REALTY FINANCE	$0	–	-59,000	–	-0.23%	–
SLG	Exit	SL GREEN REALTY CORP	$0	–	-7,257	–	-0.24%	–
KRG	Exit	KITE REALTY GROUP TRUST	$0	–	-28,400	–	-0.24%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-5,814	–	-0.24%	–
STAG	Exit	STAG INDUSTRIAL INC	$0	–	-33,500	–	-0.25%	–
CUZ	Exit	COUSINS PROPERTIES INC	$0	–	-84,000	–	-0.26%	–
GPT	Exit	GRAMERCY PROPERTY TRUST	$0	–	-95,000	–	-0.28%	–
BDN	Exit	BRANDYWINE REALTY TRUST	$0	–	-59,500	–	-0.28%	–
CPT	Exit	CAMDEN PROPERTY TRUST	$0	–	-11,231	–	-0.28%	–
CCP	Exit	CARE CAPITAL PROPERTIES INC	$0	–	-33,290	–	-0.29%	–
SKT	Exit	TANGER FACTORY OUTLET CENTER	$0	–	-24,500	–	-0.29%	–
EGP	Exit	EASTGROUP PROPERTIES INC	$0	–	-13,122	–	-0.29%	–
HPT	Exit	HOSPITALITY PROPERTIES TRUST	$0	–	-33,266	–	-0.30%	–
VFC	Exit	VF CORP	$0	–	-17,600	–	-0.30%	–
LPT	Exit	LIBERTY PROPERTY TRUST	$0	–	-25,984	–	-0.32%	–
HST	Exit	HOST HOTELS and RESORTS INC	$0	–	-67,343	–	-0.32%	–
BRX	Exit	BRIXMOR PROPERTY GROUP INC	$0	–	-38,711	–	-0.32%	–
SBRA	Exit	SABRA HEALTH CARE REIT INC	$0	–	-42,875	–	-0.33%	–
TSCO	Exit	TRACTOR SUPPLY COMPANY	$0	–	-16,500	–	-0.34%	–
VNO	Exit	VORNADO REALTY TRUST	$0	–	-11,237	–	-0.34%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-30,000	–	-0.34%	–
DLR	Exit	DIGITAL REALTY TRUST INC	$0	–	-11,950	–	-0.35%	–
UTHR	Exit	UNITED THERAPEUTICS CORP	$0	–	-10,200	–	-0.36%	–
ARE	Exit	ALEXANDRIA REAL ESTATE EQUIT	$0	–	-11,050	–	-0.36%	–
SIR	Exit	SELECT INCOME REIT	$0	–	-46,900	–	-0.38%	–
SNA	Exit	SNAP-ON INC	$0	–	-8,400	–	-0.38%	–
EQR	Exit	EQUITY RESIDENTIAL	$0	–	-19,953	–	-0.39%	–
WELL	Exit	WELLTOWER INC	$0	–	-17,247	–	-0.39%	–
BBBY	Exit	BED BATH and BEYOND INC	$0	–	-30,000	–	-0.39%	–
IPG	Exit	INTERPUBLIC GROUP OF COS INC	$0	–	-60,400	–	-0.41%	–
FL	Exit	FOOT LOCKER INC	$0	–	-20,000	–	-0.41%	–
CTSH	Exit	COGNIZANT TECH SOLUTIONS-A	$0	–	-28,700	–	-0.41%	–
	Exit	DARDEN RESTAURANTS INC	$0	–	-23,000	–	-0.42%	–
CHRW	Exit	C.H. ROBINSON WORLDWIDE INC	$0	–	-20,000	–	-0.42%	–
TSS	Exit	TOTAL SYSTEM SERVICES INC	$0	–	-30,200	–	-0.43%	–
DG	Exit	DOLLAR GENERAL CORP	$0	–	-20,800	–	-0.44%	–
TROW	Exit	T ROWE PRICE GROUP INC	$0	–	-22,100	–	-0.44%	–
SNH	Exit	SENIOR HOUSING PROP TRUST	$0	–	-65,100	–	-0.45%	–
VER	Exit	VEREIT INC	$0	–	-143,000	–	-0.45%	–
EXPD	Exit	EXPEDITORS INTL WASH INC	$0	–	-29,000	–	-0.45%	–
CLX	Exit	CLOROX COMPANY	$0	–	-12,000	–	-0.45%	–
RMD	Exit	RESMED INC	$0	–	-23,200	–	-0.45%	–
COH	Exit	COACH INC	$0	–	-41,300	–	-0.46%	–
JBHT	Exit	HUNT (JB) TRANSPRT SVCS INC	$0	–	-18,700	–	-0.46%	–
SCG	Exit	SCANA CORP	$0	–	-21,000	–	-0.46%	–
HSIC	Exit	HENRY SCHEIN INC	$0	–	-9,400	–	-0.46%	–
	Exit	WR BERKLEY CORP	$0	–	-26,500	–	-0.46%	–
TMK	Exit	TORCHMARK CORP	$0	–	-24,000	–	-0.46%	–
CTXS	Exit	CITRIX SYSTEMS INC	$0	–	-18,000	–	-0.46%	–
AZO	Exit	AUTOZONE INC	$0	–	-2,000	–	-0.46%	–
FLIR	Exit	FLIR SYSTEMS INC	$0	–	-49,300	–	-0.47%	–
	Exit	AVERY DENNISON CORP	$0	–	-20,000	–	-0.47%	–
EV	Exit	EATON VANCE CORP	$0	–	-40,000	–	-0.47%	–
AVB	Exit	AVALONBAY COMMUNITIES INC	$0	–	-8,802	–	-0.47%	–
CA	Exit	CA INC	$0	–	-48,100	–	-0.48%	–
MSCI	Exit	MSCI INC	$0	–	-19,000	–	-0.48%	–
GWW	Exit	WW GRAINGER INC	$0	–	-7,100	–	-0.48%	–
EL	Exit	ESTEE LAUDER COMPANIES-CL A	$0	–	-18,100	–	-0.48%	–
CERN	Exit	CERNER CORP	$0	–	-26,000	–	-0.48%	–
PLD	Exit	PROLOGIS INC	$0	–	-30,000	–	-0.48%	–
VMW	Exit	VMWARE INC-CLASS A	$0	–	-22,000	–	-0.49%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-13,000	–	-0.49%	–
MKC	Exit	MCCORMICK and CO-NON VTG SHRS	$0	–	-16,200	–	-0.49%	–
AJG	Exit	ARTHUR J GALLAGHER and CO	$0	–	-32,000	–	-0.49%	–
HAS	Exit	HASBRO INC	$0	–	-20,500	–	-0.49%	–
SHW	Exit	SHERWIN-WILLIAMS CO/THE	$0	–	-5,900	–	-0.49%	–
DPS	Exit	DR PEPPER SNAPPLE GROUP INC	$0	–	-18,000	–	-0.50%	–
VTR	Exit	VENTAS INC	$0	–	-23,362	–	-0.50%	–
BFB	Exit	BROWN-FORMAN CORP-CLASS B	$0	–	-35,000	–	-0.50%	–
HSY	Exit	HERSHEY CO/THE	$0	–	-17,500	–	-0.50%	–
VAR	Exit	VARIAN MEDICAL SYSTEMS INC	$0	–	-16,800	–	-0.50%	–
SWKS	Exit	SKYWORKS SOLUTIONS INC	$0	–	-22,000	–	-0.50%	–
XYL	Exit	XYLEM INC	$0	–	-32,000	–	-0.51%	–
DTE	Exit	DTE ENERGY COMPANY	$0	–	-18,000	–	-0.51%	–
CI	Exit	CIGNA CORP	$0	–	-13,000	–	-0.51%	–
LEA	Exit	LEAR CORP	$0	–	-14,000	–	-0.51%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-16,900	–	-0.51%	–
WBC	Exit	WABCO HOLDINGS INC	$0	–	-15,000	–	-0.51%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-14,000	–	-0.52%	–
IFF	Exit	INTL FLAVORS and FRAGRANCES	$0	–	-12,000	–	-0.52%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-42,000	–	-0.52%	–
BCR	Exit	CR BARD INC	$0	–	-7,700	–	-0.52%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-32,000	–	-0.52%	–
PSA	Exit	PUBLIC STORAGE	$0	–	-7,813	–	-0.53%	–
OMC	Exit	OMNICOM GROUP	$0	–	-20,500	–	-0.53%	–
PPG	Exit	PPG INDUSTRIES INC	$0	–	-16,900	–	-0.53%	–
EFX	Exit	EQUIFAX INC	$0	–	-13,000	–	-0.53%	–
ORLY	Exit	O'REILLY AUTOMOTIVE INC	$0	–	-6,250	–	-0.53%	–
FAST	Exit	FASTENAL CO	$0	–	-42,000	–	-0.53%	–
PEG	Exit	PUBLIC SERVICE ENTERPRISE GP	$0	–	-42,000	–	-0.53%	–
SJM	Exit	JM SMUCKER CO/THE	$0	–	-13,000	–	-0.53%	–
PAYX	Exit	PAYCHEX INC	$0	–	-30,600	–	-0.53%	–
WAT	Exit	WATERS CORP	$0	–	-11,200	–	-0.54%	–
CTAS	Exit	CINTAS CORP	$0	–	-16,000	–	-0.54%	–
MTD	Exit	METTLER-TOLEDO INTERNATIONAL	$0	–	-4,300	–	-0.54%	–
EIX	Exit	EDISON INTERNATIONAL	$0	–	-25,000	–	-0.54%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-48,200	–	-0.55%	–
DKS	Exit	DICK'S SPORTING GOODS INC	$0	–	-32,800	–	-0.56%	–
	Exit	AMERICAN ELECTRIC POWER	$0	–	-29,000	–	-0.56%	–
ALL	Exit	ALLSTATE CORP	$0	–	-27,000	–	-0.56%	–
INTU	Exit	INTUIT INC	$0	–	-17,000	–	-0.56%	–
PCG	Exit	P G and E CORP	$0	–	-31,000	–	-0.57%	–
APH	Exit	AMPHENOL CORP-CL A	$0	–	-29,200	–	-0.57%	–
CMI	Exit	CUMMINS INC	$0	–	-15,000	–	-0.58%	–
TRV	Exit	TRAVELERS COS INC/THE	$0	–	-17,000	–	-0.59%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-22,100	–	-0.59%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	-15,000	–	-0.59%	–
SO	Exit	SOUTHERN CO/THE	$0	–	-38,200	–	-0.59%	–
LLTC	Exit	LINEAR TECHNOLOGY CORP	$0	–	-33,000	–	-0.59%	–
AFL	Exit	AFLAC INC	$0	–	-27,300	–	-0.59%	–
HCP	Exit	HCP INC	$0	–	-53,007	–	-0.61%	–
CBS	Exit	CBS CORP-CLASS B NON VOTING	$0	–	-37,000	–	-0.61%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-2,800	–	-0.61%	–
COST	Exit	COSTCO WHOLESALE CORP	$0	–	-13,500	–	-0.62%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-27,600	–	-0.62%	–
NKE	Exit	NIKE INC -CL B	$0	–	-39,500	–	-0.63%	–
MMC	Exit	MARSH and MCLENNAN COS	$0	–	-31,400	–	-0.64%	–
MCK	Exit	MCKESSON CORP	$0	–	-12,800	–	-0.64%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-27,000	–	-0.65%	–
BLK	Exit	BLACKROCK INC	$0	–	-6,000	–	-0.66%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-18,800	–	-0.68%	–
LOW	Exit	LOWE'S COS INC	$0	–	-31,500	–	-0.69%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-31,400	–	-0.70%	–
SPGI	Exit	SandP GLOBAL INC	$0	–	-18,500	–	-0.71%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-43,600	–	-0.71%	–
BIIB	Exit	BIOGEN INC	$0	–	-7,700	–	-0.73%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-45,000	–	-0.73%	–
ROST	Exit	ROSS STORES INC	$0	–	-38,200	–	-0.74%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-82,000	–	-0.75%	–
UPS	Exit	UNITED PARCEL SERVICE-CL B	$0	–	-23,950	–	-0.79%	–
TXN	Exit	TEXAS INSTRUMENTS INC	$0	–	-40,000	–	-0.85%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-35,900	–	-0.86%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-32,000	–	-0.86%	–
MA	Exit	MASTERCARD INC-CLASS A	$0	–	-29,000	–	-0.89%	–
MCD	Exit	MCDONALD'S CORP	$0	–	-25,800	–	-0.90%	–
MMM	Exit	3M CO	$0	–	-17,600	–	-0.94%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-49,700	–	-0.95%	–
QCOM	Exit	QUALCOMM INC	$0	–	-49,500	–	-1.02%	–
ORCL	Exit	ORACLE CORP	$0	–	-87,000	–	-1.03%	–
DIS	Exit	WALT DISNEY CO/THE	$0	–	-36,900	–	-1.03%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-24,900	–	-1.05%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-36,900	–	-1.08%	–
IBM	Exit	INTL BUSINESS MACHINES CORP	$0	–	-23,500	–	-1.13%	–
HD	Exit	HOME DEPOT INC	$0	–	-29,200	–	-1.13%	–
V	Exit	VISA INC-CLASS A SHARES	$0	–	-45,500	–	-1.14%	–
GOOG	Exit	ALPHABET INC-CL C	$0	–	-5,100	–	-1.20%	–
INTC	Exit	INTEL CORP	$0	–	-110,700	–	-1.26%	–
MRK	Exit	MERCK and CO. INC.	$0	–	-67,000	–	-1.26%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-86,000	–	-1.35%	–
PFE	Exit	PFIZER INC	$0	–	-133,500	–	-1.36%	–
GOOGL	Exit	ALPHABET INC-CL A	$0	–	-5,980	–	-1.45%	–
T	Exit	ATandT INC	$0	–	-124,700	–	-1.53%	–
SPG	Exit	SIMON PROPERTY GROUP INC	$0	–	-24,606	–	-1.54%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-138,000	–	-2.40%	–
AAPL	Exit	APPLE INC	$0	–	-75,500	–	-2.58%	–

Q3 2016

			Value		Shares		↓ Weighting
AAPL	Sell	APPLE INC	$8,535,000	+9.8%	75,500	-7.1%	2.58%	+10.2%
IBM	New	INTL BUSINESS MACHINES CORP	$3,733,000	–	23,500	–	1.13%	–
CVS	Buy	CVS HEALTH CORP	$2,848,000	+1.5%	32,000	+9.2%	0.86%	+1.9%
BLK	New	BLACKROCK INC	$2,175,000	–	6,000	–	0.66%	–
MCK	New	MCKESSON CORP	$2,134,000	–	12,800	–	0.64%	–
CBS	New	CBS CORP-CLASS B NON VOTING	$2,025,000	–	37,000	–	0.61%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$1,950,000	–	15,000	–	0.59%	–
CMI	New	CUMMINS INC	$1,922,000	–	15,000	–	0.58%	–
ALL	New	ALLSTATE CORP	$1,868,000	–	27,000	–	0.56%	–
HRL	Buy	HORMEL FOODS CORP	$1,828,000	+41.0%	48,200	+36.2%	0.55%	+41.9%
EIX		EDISON INTERNATIONAL	$1,806,000	–	25,000	–	0.54%	–
SJM	New	JM SMUCKER CO/THE	$1,762,000	–	13,000	–	0.53%	–
PEG	New	PUBLIC SERVICE ENTERPRISE GP	$1,759,000	–	42,000	–	0.53%	–
FAST	New	FASTENAL CO	$1,755,000	–	42,000	–	0.53%	–
ES		EVERSOURCE ENERGY	$1,734,000	–	32,000	–	0.52%	–
XEL		XCEL ENERGY INC	$1,728,000	–	42,000	–	0.52%	–
IFF	New	INTL FLAVORS and FRAGRANCES	$1,716,000	–	12,000	–	0.52%	–
WBC		WABCO HOLDINGS INC	$1,703,000	–	15,000	–	0.51%	–
DTE		DTE ENERGY COMPANY	$1,686,000	–	18,000	–	0.51%	–
XYL	New	XYLEM INC	$1,678,000	–	32,000	–	0.51%	–
HSY	Buy	HERSHEY CO/THE	$1,673,000	-10.1%	17,500	+6.7%	0.50%	-9.7%
BFB	Buy	BROWN-FORMAN CORP-CLASS B	$1,660,000	+18.8%	35,000	+150.0%	0.50%	+19.3%
VTR	Sell	VENTAS INC	$1,650,000	-23.6%	23,362	-21.2%	0.50%	-23.3%
DPS	Buy	DR PEPPER SNAPPLE GROUP INC	$1,644,000	+5.0%	18,000	+11.1%	0.50%	+5.5%
HAS	New	HASBRO INC	$1,626,000	–	20,500	–	0.49%	–
VMW	New	VMWARE INC-CLASS A	$1,614,000	–	22,000	–	0.49%	–
MSCI	New	MSCI INC	$1,595,000	–	19,000	–	0.48%	–
EV	New	EATON VANCE CORP	$1,562,000	–	40,000	–	0.47%	–
SNH	Sell	SENIOR HOUSING PROP TRUST	$1,478,000	-5.5%	65,100	-13.3%	0.45%	-5.1%
EQR	Buy	EQUITY RESIDENTIAL	$1,284,000	+13.3%	19,953	+21.3%	0.39%	+13.5%
SIR	Sell	SELECT INCOME REIT	$1,262,000	-11.6%	46,900	-14.6%	0.38%	-11.2%
SBRA	Sell	SABRA HEALTH CARE REIT INC	$1,080,000	+7.7%	42,875	-11.8%	0.33%	+8.3%
HST	Buy	HOST HOTELS and RESORTS INC	$1,049,000	+16.9%	67,343	+21.7%	0.32%	+17.4%
LPT	Buy	LIBERTY PROPERTY TRUST	$1,048,000	+25.8%	25,984	+23.8%	0.32%	+26.4%
EGP	Sell	EASTGROUP PROPERTIES INC	$965,000	-9.6%	13,122	-15.3%	0.29%	-9.3%
SKT	Sell	TANGER FACTORY OUTLET CENTER	$955,000	-31.1%	24,500	-29.0%	0.29%	-30.9%
GPT	Sell	GRAMERCY PROPERTY TRUST	$916,000	-13.6%	95,000	-17.4%	0.28%	-13.5%
STAG	Sell	STAG INDUSTRIAL INC	$821,000	-20.8%	33,500	-23.0%	0.25%	-20.3%
DDR	New	DDR CORP	$732,000	–	42,000	–	0.22%	–
EPR	Sell	EPR PROPERTIES	$732,000	-23.1%	9,300	-21.2%	0.22%	-22.7%
MAC	Sell	MACERICH CO/THE	$668,000	-27.3%	8,266	-23.2%	0.20%	-26.8%
AIV	Buy	APARTMENT INVT and MGMT CO -A	$666,000	+50.7%	14,500	+45.0%	0.20%	+51.1%
DRE	Sell	DUKE REALTY CORP	$621,000	-24.2%	22,707	-26.1%	0.19%	-24.0%
LHO	Buy	LASALLE HOTEL PROPERTIES	$580,000	+138.7%	24,300	+135.9%	0.18%	+139.7%
CXP	New	COLUMBIA PROPERTY TRUST INC	$560,000	–	25,000	–	0.17%	–
OFC	Buy	CORPORATE OFFICE PROPERTIES	$524,000	+47.6%	18,500	+54.2%	0.16%	+47.7%
DRH	New	DIAMONDROCK HOSPITALITY CO	$519,000	–	57,000	–	0.16%	–
IRM	New	IRON MOUNTAIN INC	$450,000	–	12,000	–	0.14%	–
RPT	Buy	RAMCO-GERSHENSON PROPERTIES	$414,000	+163.7%	22,100	+176.2%	0.12%	+166.0%
LSI	New	Life Storage Inc	$382,000	–	4,300	–	0.12%	–
PPS	Sell	POST PROPERTIES INC	$331,000	-39.7%	5,000	-44.4%	0.10%	-39.4%
INN	Sell	SUMMIT HOTEL PROPERTIES INC	$246,000	-44.8%	18,700	-44.5%	0.07%	-44.8%
MORE	Sell	MONOGRAM RESIDENTIAL TRUST I	$126,000	-54.0%	11,875	-55.8%	0.04%	-53.7%
PPL	Sell	PPL CORP	$0	-100.0%	0	-100.0%	0.00%	-100.0%
D	Exit	DOMINION RESOURCES INC/VA	$0	–	0	–	0.00%	–
DAL	Exit	DELTA AIR LINES INC	$0	–	0	–	0.00%	–
SRE	Exit	SEMPRA ENERGY	$0	–	0	–	0.00%	–
BDX	Exit	BECTON DICKINSON AND CO	$0	–	0	–	0.00%	–
PNW	Exit	PINNACLE WEST CAPITAL	$0	–	0	–	0.00%	–
LNT	Exit	ALLIANT ENERGY CORP	$0	–	0	–	0.00%	–
WFC	Exit	WELLS FARGO and CO	$0	–	0	–	0.00%	–
EMC	Exit	EMC CORP/MA	$0	–	0	–	0.00%	–
DHR	Exit	DANAHER CORP	$0	–	0	–	0.00%	–
PDCO	Exit	PATTERSON COS INC	$0	–	0	–	0.00%	–
AAP	Exit	ADVANCE AUTO PARTS INC	$0	–	0	–	0.00%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	0	–	0.00%	–
	Exit	AMEREN CORPORATION	$0	–	0	–	0.00%	–
SEIC	Exit	SEI INVESTMENTS COMPANY	$0	–	0	–	0.00%	–
DVA	Exit	DAVITA HEALTHCARE PARTNERS I	$0	–	0	–	0.00%	–
SYK	Exit	STRYKER CORP	$0	–	0	–	0.00%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	0	–	0.00%	–
	Exit	BALL CORP	$0	–	-5,710	–	-0.12%	–
ADC	Exit	AGREE REALTY CORP	$0	–	-10,540	–	-0.15%	–
JWN	Exit	NORDSTROM INC	$0	–	-20,000	–	-0.23%	–
PBCT	Exit	PEOPLE'S UNITED FINANCIAL	$0	–	-88,000	–	-0.39%	–
LUV	Exit	SOUTHWEST AIRLINES CO	$0	–	-33,000	–	-0.39%	–
Q	Exit	QUINTILES TRANSNATIONAL HOLD	$0	–	-22,000	–	-0.43%	–
PII	Exit	POLARIS INDUSTRIES INC	$0	–	-18,000	–	-0.44%	–
AYI	Exit	ACUITY BRANDS INC	$0	–	-6,500	–	-0.48%	–
L	Exit	LOEWS CORP	$0	–	-40,300	–	-0.50%	–
LH	Exit	LABORATORY CRP OF AMER HLDGS	$0	–	-13,000	–	-0.51%	–
K	Exit	KELLOGG CO	$0	–	-20,800	–	-0.51%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-26,000	–	-0.51%	–
CNC	Exit	CENTENE CORP	$0	–	-24,000	–	-0.52%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-22,000	–	-0.52%	–
CHD	Exit	CHURCH and DWIGHT CO INC	$0	–	-17,000	–	-0.53%	–
SYY	Exit	SYSCO CORP	$0	–	-36,000	–	-0.55%	–
PX	Exit	PRAXAIR INC	$0	–	-16,600	–	-0.56%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-38,000	–	-0.60%	–
PCLN	Exit	PRICELINE GROUP INC/THE	$0	–	-1,900	–	-0.71%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-30,300	–	-0.80%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-29,000	–	-0.89%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-120,000	–	-1.04%	–
	Exit	MICHAEL KORS HOLDINGS LTD	$0	–	-96,750	–	-2.27%	–

Q2 2016

			Value		Shares		↓ Weighting
AAPL	New	APPLE INC	$7,772,000	–	81,300	–	2.34%	–
	New	MICHAEL KORS HOLDINGS LTD	$7,559,000	–	96,750	–	2.27%	–
MSFT	New	MICROSOFT CORP	$7,061,000	–	138,000	–	2.12%	–
T	New	ATandT INC	$5,388,000	–	124,700	–	1.62%	–
SPG	New	SIMON PROPERTY GROUP INC	$5,337,000	–	24,606	–	1.60%	–
VZ	New	VERIZON COMMUNICATIONS INC	$4,802,000	–	86,000	–	1.44%	–
PFE	New	PFIZER INC	$4,701,000	–	133,500	–	1.41%	–
GOOGL	New	ALPHABET INC-CL A	$4,207,000	–	5,980	–	1.26%	–
MRK	New	MERCK and CO. INC.	$3,860,000	–	67,000	–	1.16%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$3,753,000	–	36,900	–	1.13%	–
HD	New	HOME DEPOT INC	$3,729,000	–	29,200	–	1.12%	–
INTC	New	INTEL CORP	$3,631,000	–	110,700	–	1.09%	–
DIS	New	WALT DISNEY CO/THE	$3,610,000	–	36,900	–	1.08%	–
ORCL	New	ORACLE CORP	$3,561,000	–	87,000	–	1.07%	–
GOOG	New	ALPHABET INC-CL C	$3,530,000	–	5,100	–	1.06%	–
UNH	New	UNITEDHEALTH GROUP INC	$3,516,000	–	24,900	–	1.06%	–
CSCO	New	CISCO SYSTEMS INC	$3,443,000	–	120,000	–	1.04%	–
MO	New	ALTRIA GROUP INC	$3,427,000	–	49,700	–	1.03%	–
V	New	VISA INC-CLASS A SHARES	$3,375,000	–	45,500	–	1.01%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$3,310,000	–	45,000	–	1.00%	–
MCD	New	MCDONALD'S CORP	$3,105,000	–	25,800	–	0.93%	–
MMM	New	3M CO	$3,082,000	–	17,600	–	0.93%	–
GILD	New	GILEAD SCIENCES INC	$2,995,000	–	35,900	–	0.90%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,974,000	–	29,000	–	0.89%	–
CVS	New	CVS HEALTH CORP	$2,805,000	–	29,300	–	0.84%	–
QCOM	New	QUALCOMM INC	$2,652,000	–	49,500	–	0.80%	–
UNP	New	UNION PACIFIC CORP	$2,644,000	–	30,300	–	0.80%	–
UPS	New	UNITED PARCEL SERVICE-CL B	$2,580,000	–	23,950	–	0.78%	–
MA	New	MASTERCARD INC-CLASS A	$2,554,000	–	29,000	–	0.77%	–
TXN	New	TEXAS INSTRUMENTS INC	$2,506,000	–	40,000	–	0.75%	–
LOW	New	LOWE'S COS INC	$2,494,000	–	31,500	–	0.75%	–
SBUX	New	STARBUCKS CORP	$2,490,000	–	43,600	–	0.75%	–
PCLN	New	PRICELINE GROUP INC/THE	$2,372,000	–	1,900	–	0.71%	–
DUK	New	DUKE ENERGY CORP	$2,316,000	–	27,000	–	0.70%	–
CL	New	COLGATE-PALMOLIVE CO	$2,298,000	–	31,400	–	0.69%	–
NKE	New	NIKE INC -CL B	$2,180,000	–	39,500	–	0.66%	–
ROST	New	ROSS STORES INC	$2,166,000	–	38,200	–	0.65%	–
VTR	New	VENTAS INC	$2,160,000	–	29,662	–	0.65%	–
MMC	New	MARSH and MCLENNAN COS	$2,150,000	–	31,400	–	0.65%	–
TJX	New	TJX COMPANIES INC	$2,132,000	–	27,600	–	0.64%	–
COST	New	COSTCO WHOLESALE CORP	$2,120,000	–	13,500	–	0.64%	–
SO	New	SOUTHERN CO/THE	$2,049,000	–	38,200	–	0.62%	–
	New	AMERICAN ELECTRIC POWER	$2,033,000	–	29,000	–	0.61%	–
ADP	New	AUTOMATIC DATA PROCESSING	$2,030,000	–	22,100	–	0.61%	–
TRV	New	TRAVELERS COS INC/THE	$2,024,000	–	17,000	–	0.61%	–
PSA	New	PUBLIC STORAGE	$1,997,000	–	7,813	–	0.60%	–
EMR	New	EMERSON ELECTRIC CO	$1,982,000	–	38,000	–	0.60%	–
SPGI	New	SandP Global INC	$1,984,000	–	18,500	–	0.60%	–
PCG	New	P G and E CORP	$1,982,000	–	31,000	–	0.60%	–
AFL	New	AFLAC INC	$1,970,000	–	27,300	–	0.59%	–
AMAT	New	APPLIED MATERIALS INC	$1,966,000	–	82,000	–	0.59%	–
DG	New	DOLLAR GENERAL CORP	$1,955,000	–	20,800	–	0.59%	–
ITW	New	ILLINOIS TOOL WORKS	$1,958,000	–	18,800	–	0.59%	–
INTU	New	INTUIT INC	$1,897,000	–	17,000	–	0.57%	–
HCP	New	HCP INC	$1,875,000	–	53,007	–	0.56%	–
PX	New	PRAXAIR INC	$1,866,000	–	16,600	–	0.56%	–
BIIB	New	BIOGEN INC	$1,862,000	–	7,700	–	0.56%	–
HSY	New	HERSHEY CO/THE	$1,861,000	–	16,400	–	0.56%	–
ISRG	New	INTUITIVE SURGICAL INC	$1,852,000	–	2,800	–	0.56%	–
SYY	New	SYSCO CORP	$1,827,000	–	36,000	–	0.55%	–
PAYX	New	PAYCHEX INC	$1,821,000	–	30,600	–	0.55%	–
PPL	New	PPL CORP	$1,812,000	–	48,000	–	0.54%	–
BCR	New	CR BARD INC	$1,811,000	–	7,700	–	0.54%	–
PPG	New	PPG INDUSTRIES INC	$1,760,000	–	16,900	–	0.53%	–
CHD	New	CHURCH and DWIGHT CO INC	$1,749,000	–	17,000	–	0.53%	–
SHW	New	SHERWIN-WILLIAMS CO/THE	$1,733,000	–	5,900	–	0.52%	–
MKC	New	MCCORMICK and CO-NON VTG SHRS	$1,728,000	–	16,200	–	0.52%	–
CAH	New	CARDINAL HEALTH INC	$1,716,000	–	22,000	–	0.52%	–
CNC	New	CENTENE CORP	$1,713,000	–	24,000	–	0.52%	–
GPC	New	GENUINE PARTS CO	$1,711,000	–	16,900	–	0.51%	–
K	New	KELLOGG CO	$1,698,000	–	20,800	–	0.51%	–
WEC	New	WEC ENERGY GROUP INC	$1,698,000	–	26,000	–	0.51%	–
LH	New	LABORATORY CRP OF AMER HLDGS	$1,694,000	–	13,000	–	0.51%	–
ORLY	New	O'REILLY AUTOMOTIVE INC	$1,694,000	–	6,250	–	0.51%	–
COH	New	COACH INC	$1,683,000	–	41,300	–	0.51%	–
APH	New	AMPHENOL CORP-CL A	$1,674,000	–	29,200	–	0.50%	–
OMC	New	OMNICOM GROUP	$1,671,000	–	20,500	–	0.50%	–
EFX	New	EQUIFAX INC	$1,669,000	–	13,000	–	0.50%	–
CI	New	CIGNA CORP	$1,664,000	–	13,000	–	0.50%	–
CLX	New	CLOROX COMPANY	$1,661,000	–	12,000	–	0.50%	–
HSIC	New	HENRY SCHEIN INC	$1,662,000	–	9,400	–	0.50%	–
L	New	LOEWS CORP	$1,656,000	–	40,300	–	0.50%	–
EL	New	ESTEE LAUDER COMPANIES-CL A	$1,647,000	–	18,100	–	0.50%	–
CTSH	New	COGNIZANT TECH SOLUTIONS-A	$1,643,000	–	28,700	–	0.49%	–
GWW	New	WW GRAINGER INC	$1,613,000	–	7,100	–	0.48%	–
TROW	New	T ROWE PRICE GROUP INC	$1,613,000	–	22,100	–	0.48%	–
AYI	New	ACUITY BRANDS INC	$1,612,000	–	6,500	–	0.48%	–
ROK	New	ROCKWELL AUTOMATION INC	$1,607,000	–	14,000	–	0.48%	–
TSS	New	TOTAL SYSTEM SERVICES INC	$1,604,000	–	30,200	–	0.48%	–
SCG	New	SCANA CORP	$1,589,000	–	21,000	–	0.48%	–
AVB	New	AVALONBAY COMMUNITIES INC	$1,588,000	–	8,802	–	0.48%	–
	New	WR BERKLEY CORP	$1,588,000	–	26,500	–	0.48%	–
AZO	New	AUTOZONE INC	$1,588,000	–	2,000	–	0.48%	–
CA	New	CA INC	$1,579,000	–	48,100	–	0.48%	–
WAT	New	WATERS CORP	$1,575,000	–	11,200	–	0.47%	–
MTD	New	METTLER-TOLEDO INTERNATIONAL	$1,569,000	–	4,300	–	0.47%	–
CTAS	New	CINTAS CORP	$1,570,000	–	16,000	–	0.47%	–
SNH	New	SENIOR HOUSING PROP TRUST	$1,564,000	–	75,100	–	0.47%	–
DPS	New	DR PEPPER SNAPPLE GROUP INC	$1,565,000	–	16,200	–	0.47%	–
LLTC	New	LINEAR TECHNOLOGY CORP	$1,535,000	–	33,000	–	0.46%	–
FLIR	New	FLIR SYSTEMS INC	$1,526,000	–	49,300	–	0.46%	–
CERN	New	CERNER CORP	$1,524,000	–	26,000	–	0.46%	–
AJG	New	ARTHUR J GALLAGHER and CO	$1,523,000	–	32,000	–	0.46%	–
JBHT	New	HUNT (JB) TRANSPRT SVCS INC	$1,513,000	–	18,700	–	0.46%	–
TSCO	New	TRACTOR SUPPLY COMPANY	$1,504,000	–	16,500	–	0.45%	–
	New	AVERY DENNISON CORP	$1,495,000	–	20,000	–	0.45%	–
TMK	New	TORCHMARK CORP	$1,484,000	–	24,000	–	0.45%	–
CHRW	New	C.H. ROBINSON WORLDWIDE INC	$1,485,000	–	20,000	–	0.45%	–
FFIV	New	F5 NETWORKS INC	$1,480,000	–	13,000	–	0.44%	–
DKS	New	DICK'S SPORTING GOODS INC	$1,478,000	–	32,800	–	0.44%	–
PLD	New	PROLOGIS INC	$1,471,000	–	30,000	–	0.44%	–
PII	New	POLARIS INDUSTRIES INC	$1,472,000	–	18,000	–	0.44%	–
RMD	New	RESMED INC	$1,467,000	–	23,200	–	0.44%	–
	New	DARDEN RESTAURANTS INC	$1,457,000	–	23,000	–	0.44%	–
VER	New	VEREIT INC	$1,450,000	–	143,000	–	0.44%	–
CTXS	New	CITRIX SYSTEMS INC	$1,442,000	–	18,000	–	0.43%	–
Q	New	QUINTILES TRANSNATIONAL HOLD	$1,437,000	–	22,000	–	0.43%	–
SIR	New	SELECT INCOME REIT	$1,427,000	–	54,900	–	0.43%	–
LEA	New	LEAR CORP	$1,425,000	–	14,000	–	0.43%	–
EXPD	New	EXPEDITORS INTL WASH INC	$1,422,000	–	29,000	–	0.43%	–
BFB	New	BROWN-FORMAN CORP-CLASS B	$1,397,000	–	14,000	–	0.42%	–
IPG	New	INTERPUBLIC GROUP OF COS INC	$1,395,000	–	60,400	–	0.42%	–
SWKS	New	SKYWORKS SOLUTIONS INC	$1,392,000	–	22,000	–	0.42%	–
SKT	New	TANGER FACTORY OUTLET CENTER	$1,386,000	–	34,500	–	0.42%	–
VAR	New	VARIAN MEDICAL SYSTEMS INC	$1,381,000	–	16,800	–	0.42%	–
SNA	New	SNAP-ON INC	$1,326,000	–	8,400	–	0.40%	–
WELL	New	WELLTOWER INC	$1,314,000	–	17,247	–	0.40%	–
DLR	New	DIGITAL REALTY TRUST INC	$1,302,000	–	11,950	–	0.39%	–
BBBY	New	BED BATH and BEYOND INC	$1,297,000	–	30,000	–	0.39%	–
HRL	New	HORMEL FOODS CORP	$1,296,000	–	35,400	–	0.39%	–
LUV	New	SOUTHWEST AIRLINES CO	$1,294,000	–	33,000	–	0.39%	–
PBCT	New	PEOPLE'S UNITED FINANCIAL	$1,290,000	–	88,000	–	0.39%	–
RHI	New	ROBERT HALF INTL INC	$1,145,000	–	30,000	–	0.34%	–
ARE	New	ALEXANDRIA REAL ESTATE EQUIT	$1,144,000	–	11,050	–	0.34%	–
EQR	New	EQUITY RESIDENTIAL	$1,133,000	–	16,453	–	0.34%	–
VNO	New	VORNADO REALTY TRUST	$1,125,000	–	11,237	–	0.34%	–
FL	New	FOOT LOCKER INC	$1,097,000	–	20,000	–	0.33%	–
VFC	New	VF CORP	$1,082,000	–	17,600	–	0.32%	–
UTHR	New	UNITED THERAPEUTICS CORP	$1,080,000	–	10,200	–	0.32%	–
EGP	New	EASTGROUP PROPERTIES INC	$1,068,000	–	15,500	–	0.32%	–
GPT	New	Gramercy Property Trust	$1,060,000	–	115,000	–	0.32%	–
STAG	New	STAG INDUSTRIAL INC	$1,036,000	–	43,500	–	0.31%	–
BRX	New	BRIXMOR PROPERTY GROUP INC	$1,024,000	–	38,711	–	0.31%	–
BDN	New	BRANDYWINE REALTY TRUST	$1,000,000	–	59,500	–	0.30%	–
SBRA	New	SABRA HEALTH CARE REIT INC	$1,003,000	–	48,600	–	0.30%	–
CPT	New	CAMDEN PROPERTY TRUST	$993,000	–	11,231	–	0.30%	–
HPT	New	HOSPITALITY PROPERTIES TRUST	$958,000	–	33,266	–	0.29%	–
EPR	New	EPR PROPERTIES	$952,000	–	11,800	–	0.29%	–
MAC	New	MACERICH CO/THE	$919,000	–	10,766	–	0.28%	–
HST	New	HOST HOTELS and RESORTS INC	$897,000	–	55,343	–	0.27%	–
CUZ	New	COUSINS PROPERTIES INC	$874,000	–	84,000	–	0.26%	–
CCP	New	CARE CAPITAL PROPERTIES INC	$873,000	–	33,290	–	0.26%	–
LPT	New	LIBERTY PROPERTY TRUST	$833,000	–	20,984	–	0.25%	–
DRE	New	DUKE REALTY CORP	$819,000	–	30,707	–	0.25%	–
KRG	New	KITE REALTY GROUP TRUST	$796,000	–	28,400	–	0.24%	–
GGP	New	GENERAL GROWTH PROPERTIES	$775,000	–	26,000	–	0.23%	–
SLG	New	SL GREEN REALTY CORP	$773,000	–	7,257	–	0.23%	–
BXP	New	BOSTON PROPERTIES INC	$767,000	–	5,814	–	0.23%	–
JWN	New	NORDSTROM INC	$761,000	–	20,000	–	0.23%	–
MAA	New	MID-AMERICA APARTMENT COMM	$724,000	–	6,800	–	0.22%	–
WRI	New	WEINGARTEN REALTY INVESTORS	$707,000	–	17,314	–	0.21%	–
HIW	New	HIGHWOODS PROPERTIES INC	$707,000	–	13,398	–	0.21%	–
ESS	New	ESSEX PROPERTY TRUST INC	$684,000	–	3,000	–	0.21%	–
NRF	New	NORTHSTAR REALTY FINANCE	$674,000	–	59,000	–	0.20%	–
GLPI	New	GAMING AND LEISURE PROPERTIE	$638,000	–	18,500	–	0.19%	–
KIM	New	KIMCO REALTY CORP	$637,000	–	20,295	–	0.19%	–
RLJ	New	RLJ LODGING TRUST	$618,000	–	28,800	–	0.19%	–
HIFR	New	INFRAREIT INC	$556,000	–	31,720	–	0.17%	–
PPS	New	POST PROPERTIES INC	$549,000	–	9,000	–	0.16%	–
ADC	New	AGREE REALTY CORP	$508,000	–	10,540	–	0.15%	–
ACC	New	AMERICAN CAMPUS COMMUNITIES	$502,000	–	9,500	–	0.15%	–
UDR	New	UDR INC	$499,000	–	13,519	–	0.15%	–
ESRT	New	EMPIRE STATE REALTY TRUST-A	$456,000	–	24,000	–	0.14%	–
TCO	New	TAUBMAN CENTERS INC	$445,000	–	6,000	–	0.13%	–
SNR	New	NEW SENIOR INVESTMENT GROUP	$447,000	–	41,863	–	0.13%	–
INN	New	SUMMIT HOTEL PROPERTIES INC	$446,000	–	33,700	–	0.13%	–
AIV	New	APARTMENT INVT and MGMT CO -A	$442,000	–	10,000	–	0.13%	–
UBA	New	URSTADT BIDDLE - CLASS A	$421,000	–	17,000	–	0.13%	–
	New	BALL CORP	$413,000	–	5,710	–	0.12%	–
SFR	New	COLONY STARWOOD HOMES	$395,000	–	13,000	–	0.12%	–
OFC	New	CORPORATE OFFICE PROPERTIES	$355,000	–	12,000	–	0.11%	–
CHSP	New	CHESAPEAKE LODGING TRUST	$337,000	–	14,500	–	0.10%	–
CBLAQ	New	CBL and ASSOCIATES PROPERTIES	$298,000	–	32,000	–	0.09%	–
CONE	New	CYRUSONE INC	$289,000	–	5,200	–	0.09%	–
AHH	New	ARMADA HOFFLER PROPERTIES IN	$290,000	–	21,101	–	0.09%	–
DCT	New	DCT INDUSTRIAL TRUST INC	$291,000	–	6,062	–	0.09%	–
MORE	New	MONOGRAM RESIDENTIAL TRUST I	$274,000	–	26,875	–	0.08%	–
KRC	New	KILROY REALTY CORP	$265,000	–	4,000	–	0.08%	–
DFT	New	DUPONT FABROS TECHNOLOGY	$261,000	–	5,500	–	0.08%	–
AMH	New	AMERICAN HOMES 4 RENT- A	$246,000	–	12,000	–	0.07%	–
LHO	New	LASALLE HOTEL PROPERTIES	$243,000	–	10,300	–	0.07%	–
DOC	New	PHYSICIANS REALTY TRUST	$231,000	–	11,000	–	0.07%	–
SBY	New	SILVER BAY REALTY TRUST CORP	$170,000	–	10,000	–	0.05%	–
RPT	New	RAMCO-GERSHENSON PROPERTIES	$157,000	–	8,000	–	0.05%	–
ROIC	New	RETAIL OPPORTUNITY INVESTMEN	$152,000	–	7,000	–	0.05%	–
HR	New	HEALTHCARE REALTY TRUST INC	$143,000	–	4,082	–	0.04%	–
RMR	New	RMR GROUP INC/THE - A	$86,000	–	2,782	–	0.03%	–
XEL	New	XCEL ENERGY INC	$0	–	0	–	0.00%	–
SEIC	New	SEI INVESTMENTS COMPANY	$0	–	0	–	0.00%	–
PNW	New	PINNACLE WEST CAPITAL	$0	–	0	–	0.00%	–
PDCO	New	PATTERSON COS INC	$0	–	0	–	0.00%	–
NEE	New	NEXTERA ENERGY INC	$0	–	0	–	0.00%	–
SRE	New	SEMPRA ENERGY	$0	–	0	–	0.00%	–
ES	New	EVERSOURCE ENERGY	$0	–	0	–	0.00%	–
SYK	New	STRYKER CORP	$0	–	0	–	0.00%	–
EIX	New	EDISON INTERNATIONAL	$0	–	0	–	0.00%	–
EMC	New	EMC CORP/MA	$0	–	0	–	0.00%	–
D	New	DOMINION RESOURCES INC/VA	$0	–	0	–	0.00%	–
DAL	New	DELTA AIR LINES INC	$0	–	0	–	0.00%	–
DVA	New	DAVITA HEALTHCARE PARTNERS I	$0	–	0	–	0.00%	–
	New	AMEREN CORPORATION	$0	–	0	–	0.00%	–
DHR	New	DANAHER CORP	$0	–	0	–	0.00%	–
DTE	New	DTE ENERGY COMPANY	$0	–	0	–	0.00%	–
ED	New	CONSOLIDATED EDISON INC	$0	–	0	–	0.00%	–
BDX	New	BECTON DICKINSON AND CO	$0	–	0	–	0.00%	–
WBC	New	WABCO HOLDINGS INC	$0	–	0	–	0.00%	–
LNT	New	ALLIANT ENERGY CORP	$0	–	0	–	0.00%	–
WFC	New	WELLS FARGO and CO	$0	–	0	–	0.00%	–
AAP	New	ADVANCE AUTO PARTS INC	$0	–	0	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	0	–	0.00%	–
ABT	Exit	ABBOTT LABORATORIES	$0	–	0	–	0.00%	–
AMP	Exit	AMERIPRISE FINANCIAL INC	$0	–	0	–	0.00%	–
MCK	Exit	MCKESSON CORP	$0	–	0	–	0.00%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	0	–	0.00%	–
MET	Exit	METLIFE INC	$0	–	0	–	0.00%	–
TRV	Exit	TRAVELERS COS INC/THE	$0	–	0	–	0.00%	–
PWR	Exit	QUANTA SERVICES INC	$0	–	0	–	0.00%	–
BEN	Exit	FRANKLIN RESOURCES INC	$0	–	0	–	0.00%	–
MRK	Exit	MERCK and CO. INC.	$0	–	0	–	0.00%	–
PFE	Exit	PFIZER INC	$0	–	0	–	0.00%	–
ZBH	Exit	ZIMMER BIOMET HOLDINGS INC	$0	–	0	–	0.00%	–
TWX	Exit	TIME WARNER INC	$0	–	0	–	0.00%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	0	–	0.00%	–
LLY	Exit	ELI LILLY and CO	$0	–	0	–	0.00%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	0	–	0.00%	–
STJ	Exit	ST JUDE MEDICAL INC	$0	–	0	–	0.00%	–
EMN	Exit	EASTMAN CHEMICAL CO	$0	–	0	–	0.00%	–
BK	Exit	BANK OF NEW YORK MELLON CORP	$0	–	0	–	0.00%	–
BXLT	Exit	BAXALTA INC	$0	–	0	–	0.00%	–
LHO	Exit	LASALLE HOTEL PROPERTIES	$0	–	-3,300	–	-0.03%	–
HR	Exit	HEALTHCARE REALTY TRUST INC	$0	–	-4,082	–	-0.03%	–
JOY	Exit	JOY GLOBAL INC	$0	–	-7,200	–	-0.03%	–
ESS	Exit	ESSEX PROPERTY TRUST INC	$0	–	-1,000	–	-0.07%	–
CCP	Exit	CARE CAPITAL PROPERTIES UNC	$0	–	-7,290	–	-0.08%	–
DOC	Exit	PHYSICIANS REALTY TRUST	$0	–	-20,000	–	-0.10%	–
UBA	Exit	URSTADT BIDDLE - CLASS A	$0	–	-17,000	–	-0.10%	–
CHSP	Exit	CHESAPEAKE LODGING TRUST	$0	–	-14,500	–	-0.12%	–
CSG	Exit	CHAMBERS STREET PROPERTIES	$0	–	-60,000	–	-0.12%	–
ROIC	Exit	RETAIL OPPORTUNITY INVESTMEN	$0	–	-26,000	–	-0.14%	–
KIM	Exit	KIMCO REALTY CORP	$0	–	-20,295	–	-0.16%	–
COH	Exit	COACH INC	$0	–	-17,500	–	-0.16%	–
HIW	Exit	HIGHWOODS PROPERTIES INC	$0	–	-13,398	–	-0.16%	–
FOSL	Exit	FOSSIL GROUP INC	$0	–	-9,300	–	-0.16%	–
EMR	Exit	EMERSON ELECTRIC CO	$0	–	-11,900	–	-0.17%	–
BWA	Exit	BORGWARNER INC	$0	–	-12,800	–	-0.17%	–
SBRA	Exit	SABRA HEALTH CARE REIT INC	$0	–	-23,600	–	-0.17%	–
SLG	Exit	SL GREEN REALTY CORP	$0	–	-5,257	–	-0.18%	–
WRI	Exit	WEINGARTEN REALTY INVESTORS	$0	–	-17,314	–	-0.18%	–
SUI	Exit	SUN COMMUNITIES INC	$0	–	-8,600	–	-0.18%	–
DCT	Exit	DCT INDUSTRIAL TRUST INC	$0	–	-18,062	–	-0.19%	–
BDN	Exit	BRANDYWINE REALTY TRUST	$0	–	-49,500	–	-0.19%	–
CPT	Exit	CAMDEN PROPERTY TRUST	$0	–	-8,331	–	-0.19%	–
ADC	Exit	AGREE REALTY CORP	$0	–	-21,040	–	-0.20%	–
INN	Exit	SUMMIT HOTEL PROPERTIES INC	$0	–	-55,000	–	-0.20%	–
DD	Exit	DU PONT (E.I.) DE NEMOURS	$0	–	-13,400	–	-0.20%	–
STAG	Exit	STAG INDUSTRIAL INC	$0	–	-35,500	–	-0.20%	–
EBAY	Exit	EBAY INC	$0	–	-26,700	–	-0.21%	–
LPT	Exit	LIBERTY PROPERTY TRUST	$0	–	-20,984	–	-0.21%	–
GGP	Exit	GENERAL GROWTH PROPERTIES	$0	–	-26,000	–	-0.21%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-5,814	–	-0.22%	–
WELL	Exit	WELLTOWER INC	$0	–	-10,247	–	-0.22%	–
EMC	Exit	EMC CORP/MA	$0	–	-29,700	–	-0.23%	–
IRC	Exit	INLAND REAL ESTATE CORP	$0	–	-89,500	–	-0.23%	–
GLPI	Exit	GAMING AND LEISURE PROPERTIE	$0	–	-24,500	–	-0.23%	–
RLJ	Exit	RLJ LODGING TRUST	$0	–	-28,800	–	-0.23%	–
PYPL	Exit	PAYPAL HOLDINGS INC	$0	–	-24,700	–	-0.24%	–
VER	Exit	VEREIT INC	$0	–	-100,000	–	-0.24%	–
PLD	Exit	PROLOGIS INC	$0	–	-20,000	–	-0.24%	–
CONE	Exit	CYRUSONE INC	$0	–	-24,200	–	-0.25%	–
EPR	Exit	EPR PROPERTIES	$0	–	-15,800	–	-0.26%	–
MAC	Exit	MACERICH CO/THE	$0	–	-10,766	–	-0.26%	–
WAT	Exit	WATERS CORP	$0	–	-7,000	–	-0.26%	–
EGP	Exit	EASTGROUP PROPERTIES INC	$0	–	-15,500	–	-0.26%	–
HPT	Exit	HOSPITALITY PROPERTIES TRUST	$0	–	-33,266	–	-0.27%	–
AMAT	Exit	APPLIED MATERIALS INC	$0	–	-58,100	–	-0.27%	–
DFT	Exit	DUPONT FABROS TECHNOLOGY	$0	–	-33,500	–	-0.27%	–
HST	Exit	HOST HOTELS and RESORTS INC	$0	–	-55,343	–	-0.28%	–
ACC	Exit	AMERICAN CAMPUS COMMUNITIES	$0	–	-25,000	–	-0.28%	–
ARE	Exit	ALEXANDRIA REAL ESTATE EQUIT	$0	–	-11,050	–	-0.30%	–
ELS	Exit	EQUITY LIFESTYLE PROPERTIES	$0	–	-16,500	–	-0.30%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-28,000	–	-0.31%	–
BMR	Exit	BIOMED REALTY TRUST INC	$0	–	-50,000	–	-0.32%	–
VNO	Exit	VORNADO REALTY TRUST	$0	–	-11,237	–	-0.32%	–
DRE	Exit	DUKE REALTY CORP	$0	–	-55,707	–	-0.33%	–
KHC	Exit	KRAFT HEINZ CO/THE	$0	–	-15,100	–	-0.34%	–
CCG	Exit	CAMPUS CREST COMMUNITIES INC	$0	–	-202,000	–	-0.34%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-23,000	–	-0.35%	–
SIR	Exit	SELECT INCOME REIT	$0	–	-58,900	–	-0.35%	–
SKT	Exit	TANGER FACTORY OUTLET CENTER	$0	–	-34,500	–	-0.36%	–
AFL	Exit	AFLAC INC	$0	–	-20,200	–	-0.37%	–
UTHR	Exit	UNITED THERAPEUTICS CORP	$0	–	-9,000	–	-0.37%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-15,600	–	-0.38%	–
VFC	Exit	VF CORP	$0	–	-17,600	–	-0.38%	–
DE	Exit	DEERE and CO	$0	–	-16,500	–	-0.38%	–
HAL	Exit	HALLIBURTON CO	$0	–	-34,800	–	-0.39%	–
MAA	Exit	MID-AMERICA APARTMENT COMM	$0	–	-15,100	–	-0.39%	–
EQR	Exit	EQUITY RESIDENTIAL	$0	–	-16,453	–	-0.39%	–
UDR	Exit	UDR INC	$0	–	-36,019	–	-0.39%	–
ARG	Exit	AIRGAS INC	$0	–	-14,000	–	-0.39%	–
SJM	Exit	JM SMUCKER CO/THE	$0	–	-11,000	–	-0.40%	–
WM	Exit	WASTE MANAGEMENT INC	$0	–	-25,200	–	-0.40%	–
GPS	Exit	GAP INC/THE	$0	–	-46,000	–	-0.41%	–
PPG	Exit	PPG INDUSTRIES INC	$0	–	-15,000	–	-0.41%	–
CERN	Exit	CERNER CORP	$0	–	-22,000	–	-0.42%	–
HME	Exit	HOME PROPERTIES INC	$0	–	-17,650	–	-0.42%	–
BDX	Exit	BECTON DICKINSON AND CO	$0	–	-10,000	–	-0.42%	–
PX	Exit	PRAXAIR INC	$0	–	-13,100	–	-0.42%	–
DLR	Exit	DIGITAL REALTY TRUST INC	$0	–	-20,450	–	-0.42%	–
MON	Exit	MONSANTO CO	$0	–	-15,700	–	-0.42%	–
MA	Exit	MASTERCARD INC-CLASS A	$0	–	-15,000	–	-0.43%	–
FAST	Exit	FASTENAL CO	$0	–	-37,000	–	-0.43%	–
BFB	Exit	BROWN-FORMAN CORP-CLASS B	$0	–	-14,000	–	-0.43%	–
SHW	Exit	SHERWIN-WILLIAMS CO/THE	$0	–	-6,100	–	-0.43%	–
MMC	Exit	MARSH and MCLENNAN COS	$0	–	-26,300	–	-0.43%	–
DVA	Exit	DAVITA HEALTHCARE PARTNERS I	$0	–	-19,000	–	-0.43%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-20,700	–	-0.43%	–
AWK	Exit	AMERICAN WATER WORKS CO INC	$0	–	-25,000	–	-0.43%	–
SNPS	Exit	SYNOPSYS INC	$0	–	-30,000	–	-0.44%	–
GWW	Exit	WW GRAINGER INC	$0	–	-6,500	–	-0.44%	–
VAR	Exit	VARIAN MEDICAL SYSTEMS INC	$0	–	-19,000	–	-0.44%	–
FLIR	Exit	FLIR SYSTEMS INC	$0	–	-50,000	–	-0.44%	–
SNH	Exit	SENIOR HOUSING PROP TRUST	$0	–	-87,100	–	-0.44%	–
CA	Exit	CA INC	$0	–	-52,000	–	-0.45%	–
MTD	Exit	METTLER-TOLEDO INTERNATIONAL	$0	–	-5,000	–	-0.45%	–
CHD	Exit	CHURCH and DWIGHT CO INC	$0	–	-17,000	–	-0.45%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-23,000	–	-0.46%	–
LLTC	Exit	LINEAR TECHNOLOGY CORP	$0	–	-37,000	–	-0.47%	–
APH	Exit	AMPHENOL CORP-CL A	$0	–	-30,000	–	-0.48%	–
RHI	Exit	ROBERT HALF INTL INC	$0	–	-30,000	–	-0.48%	–
PAYX	Exit	PAYCHEX INC	$0	–	-33,000	–	-0.50%	–
WBC	Exit	WABCO HOLDINGS INC	$0	–	-15,000	–	-0.50%	–
DG	Exit	DOLLAR GENERAL CORP	$0	–	-22,000	–	-0.50%	–
UPS	Exit	UNITED PARCEL SERVICE-CL B	$0	–	-16,450	–	-0.51%	–
SO	Exit	SOUTHERN CO/THE	$0	–	-36,500	–	-0.51%	–
IFF	Exit	INTL FLAVORS and FRAGRANCES	$0	–	-16,000	–	-0.52%	–
ECL	Exit	ECOLAB INC	$0	–	-15,200	–	-0.52%	–
AVB	Exit	AVALONBAY COMMUNITIES INC	$0	–	-9,802	–	-0.54%	–
TWC	Exit	TIME WARNER CABLE	$0	–	-9,600	–	-0.54%	–
PCLN	Exit	PRICELINE GROUP INC/THE	$0	–	-1,400	–	-0.54%	–
CMI	Exit	CUMMINS INC	$0	–	-16,000	–	-0.55%	–
CI	Exit	CIGNA CORP	$0	–	-13,000	–	-0.55%	–
EL	Exit	ESTEE LAUDER COMPANIES-CL A	$0	–	-22,000	–	-0.56%	–
HCP	Exit	HCP INC	$0	–	-48,007	–	-0.56%	–
ADP	Exit	AUTOMATIC DATA PROCESSING	$0	–	-23,000	–	-0.58%	–
ROST	Exit	ROSS STORES INC	$0	–	-38,200	–	-0.58%	–
PSA	Exit	PUBLIC STORAGE	$0	–	-8,813	–	-0.59%	–
KR	Exit	KROGER CO	$0	–	-52,000	–	-0.59%	–
SYK	Exit	STRYKER CORP	$0	–	-20,000	–	-0.59%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-17,500	–	-0.60%	–
COST	Exit	COSTCO WHOLESALE CORP	$0	–	-13,500	–	-0.62%	–
ITW	Exit	ILLINOIS TOOL WORKS	$0	–	-24,000	–	-0.62%	–
MHFI	Exit	MCGRAW HILL FINANCIAL INC	$0	–	-23,000	–	-0.63%	–
VTR	Exit	VENTAS INC	$0	–	-36,162	–	-0.64%	–
SEIC	Exit	SEI INVESTMENTS COMPANY	$0	–	-42,000	–	-0.64%	–
MCO	Exit	MOODY'S CORP	$0	–	-21,000	–	-0.65%	–
TROW	Exit	T ROWE PRICE GROUP INC	$0	–	-30,000	–	-0.66%	–
BLK	Exit	BLACKROCK INC	$0	–	-7,000	–	-0.66%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-24,300	–	-0.68%	–
CSCO	Exit	CISCO SYSTEMS INC	$0	–	-82,200	–	-0.68%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-23,000	–	-0.71%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-42,000	–	-0.72%	–
PCP	Exit	PRECISION CASTPARTS CORP	$0	–	-10,000	–	-0.72%	–
DHR	Exit	DANAHER CORP	$0	–	-27,000	–	-0.72%	–
USB	Exit	US BANCORP	$0	–	-56,400	–	-0.73%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-33,800	–	-0.73%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-42,000	–	-0.74%	–
KO	Exit	COCA-COLA CO/THE	$0	–	-59,000	–	-0.74%	–
MKC	Exit	MCCORMICK and CO-NON VTG SHRS	$0	–	-29,000	–	-0.75%	–
ESRX	Exit	EXPRESS SCRIPTS HOLDING CO	$0	–	-30,000	–	-0.76%	–
OXY	Exit	OCCIDENTAL PETROLEUM CORP	$0	–	-37,000	–	-0.77%	–
LOW	Exit	LOWE'S COS INC	$0	–	-37,000	–	-0.80%	–
NKE	Exit	NIKE INC -CL B	$0	–	-21,000	–	-0.81%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-29,000	–	-0.81%	–
K	Exit	KELLOGG CO	$0	–	-40,500	–	-0.85%	–
INTC	Exit	INTEL CORP	$0	–	-90,000	–	-0.85%	–
MJN	Exit	MEAD JOHNSON NUTRITION CO	$0	–	-41,000	–	-0.91%	–
QCOM	Exit	QUALCOMM INC	$0	–	-54,100	–	-0.92%	–
CMCSA	Exit	COMCAST CORP-CLASS A	$0	–	-51,000	–	-0.92%	–
T	Exit	ATandT INC	$0	–	-90,000	–	-0.92%	–
MMM	Exit	3M CO	$0	–	-21,500	–	-0.96%	–
MCD	Exit	MCDONALD'S CORP	$0	–	-31,300	–	-0.97%	–
GOOG	Exit	ALPHABET INC-CL C	$0	–	-5,087	–	-0.97%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-32,900	–	-1.00%	–
BIIB	Exit	BIOGEN INC	$0	–	-11,000	–	-1.01%	–
GOOGL	Exit	ALPHABET INC-CL A	$0	–	-5,080	–	-1.02%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-64,000	–	-1.05%	–
HSY	Exit	HERSHEY CO/THE	$0	–	-37,000	–	-1.07%	–
PM	Exit	PHILIP MORRIS INTERNATIONAL	$0	–	-43,900	–	-1.10%	–
IBM	Exit	INTL BUSINESS MACHINES CORP	$0	–	-24,200	–	-1.10%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-62,000	–	-1.11%	–
DIS	Exit	WALT DISNEY CO/THE	$0	–	-35,900	–	-1.16%	–
ORCL	Exit	ORACLE CORP	$0	–	-102,000	–	-1.16%	–
PG	Exit	PROCTER and GAMBLE CO/THE	$0	–	-53,000	–	-1.20%	–
CTSH	Exit	COGNIZANT TECH SOLUTIONS-A	$0	–	-63,300	–	-1.25%	–
TJX	Exit	TJX COMPANIES INC	$0	–	-57,400	–	-1.29%	–
	Exit	DELPHI AUTOMOTIVE PLC	$0	–	-49,150	–	-1.35%	–
SPG	Exit	SIMON PROPERTY GROUP INC	$0	–	-23,706	–	-1.37%	–
PEP	Exit	PEPSICO INC	$0	–	-46,700	–	-1.39%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-47,700	–	-1.48%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-41,300	–	-1.51%	–
HD	Exit	HOME DEPOT INC	$0	–	-42,500	–	-1.54%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-115,000	–	-1.60%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-69,000	–	-1.62%	–
WFC	Exit	WELLS FARGO and CO	$0	–	-100,900	–	-1.63%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-91,800	–	-1.83%	–
JNJ	Exit	JOHNSON and JOHNSON	$0	–	-64,900	–	-1.91%	–
AAPL	Exit	APPLE INC	$0	–	-67,300	–	-2.34%	–

Q3 2015

			Value		Shares		↓ Weighting
AAPL	Buy	APPLE INC	$7,423,000	+108.4%	67,300	+137.0%	2.34%	+15.6%
JNJ	Buy	JOHNSON and JOHNSON	$6,058,000	+86.7%	64,900	+94.9%	1.91%	+3.5%
CL	Buy	COLGATE-PALMOLIVE CO	$5,826,000	+89.1%	91,800	+94.9%	1.83%	+4.9%
WFC	Buy	WELLS FARGO and CO	$5,181,000	+52.8%	100,900	+67.3%	1.63%	-15.3%
XOM	Buy	EXXON MOBIL CORP	$5,130,000	+100.2%	69,000	+124.0%	1.62%	+11.0%
MSFT	Buy	MICROSOFT CORP	$5,090,000	+167.5%	115,000	+166.8%	1.60%	+48.4%
HD	Buy	HOME DEPOT INC	$4,908,000	+102.6%	42,500	+95.0%	1.54%	+12.3%
UNH	Buy	UNITEDHEALTH GROUP INC	$4,791,000	+85.3%	41,300	+94.8%	1.51%	+2.7%
GILD	Buy	GILEAD SCIENCES INC	$4,684,000	+63.3%	47,700	+94.7%	1.48%	-9.4%
PEP	Buy	PEPSICO INC	$4,404,000	+96.6%	46,700	+94.6%	1.39%	+9.0%
SPG	Buy	SIMON PROPERTY GROUP INC	$4,355,000	+71.2%	23,706	+61.2%	1.37%	-5.1%
	Buy	DELPHI AUTOMOTIVE PLC	$4,294,000	+19.1%	49,150	+66.3%	1.35%	-33.9%
TJX	Buy	TJX COMPANIES INC	$4,100,000	+463.2%	57,400	+421.8%	1.29%	+212.6%
CTSH	Buy	COGNIZANT TECH SOLUTIONS-A	$3,963,000	+99.6%	63,300	+94.8%	1.25%	+10.7%
PG	Buy	PROCTER and GAMBLE CO/THE	$3,813,000	+82.5%	53,000	+98.5%	1.20%	+1.3%
ORCL	Buy	ORACLE CORP	$3,684,000	+74.4%	102,000	+94.7%	1.16%	-3.3%
DIS	Buy	WALT DISNEY CO/THE	$3,669,000	+74.7%	35,900	+95.1%	1.16%	-3.1%
SBUX	Buy	STARBUCKS CORP	$3,524,000	+106.7%	62,000	+95.0%	1.11%	+14.7%
IBM	Buy	INTL BUSINESS MACHINES CORP	$3,508,000	+73.9%	24,200	+95.2%	1.10%	-3.6%
PM	Buy	PHILIP MORRIS INTERNATIONAL	$3,483,000	+92.2%	43,900	+94.2%	1.10%	+6.6%
HSY	Buy	HERSHEY CO/THE	$3,400,000	+264.4%	37,000	+252.4%	1.07%	+101.9%
WEC	Buy	WEC ENERGY GROUP INC	$3,342,000	+126.6%	64,000	+95.1%	1.05%	+25.7%
GOOGL	New	ALPHABET INC-CL A	$3,243,000	–	5,080	–	1.02%	–
BIIB	Buy	BIOGEN INC	$3,210,000	+41.9%	11,000	+96.4%	1.01%	-21.3%
CVS	Buy	CVS HEALTH CORP	$3,174,000	+79.1%	32,900	+94.7%	1.00%	-0.7%
GOOG	New	ALPHABET INC-CL C	$3,095,000	–	5,087	–	0.97%	–
MCD	Buy	MCDONALD'S CORP	$3,084,000	+101.4%	31,300	+94.4%	0.97%	+11.7%
MMM	Buy	3M CO	$3,048,000	+79.5%	21,500	+95.4%	0.96%	-0.4%
T	New	ATandT INC	$2,932,000	–	90,000	–	0.92%	–
CMCSA	Buy	COMCAST CORP-CLASS A	$2,919,000	+85.9%	51,000	+94.7%	0.92%	+3.1%
QCOM	Buy	QUALCOMM INC	$2,907,000	+67.0%	54,100	+94.6%	0.92%	-7.5%
MJN	Buy	MEAD JOHNSON NUTRITION CO	$2,886,000	+95.0%	41,000	+150.0%	0.91%	+8.2%
INTC	Buy	INTEL CORP	$2,713,000	+93.1%	90,000	+94.8%	0.85%	+7.0%
K	Buy	KELLOGG CO	$2,695,000	+154.2%	40,500	+139.6%	0.85%	+41.0%
UTX	Buy	UNITED TECHNOLOGIES CORP	$2,581,000	+56.1%	29,000	+94.6%	0.81%	-13.4%
NKE	New	NIKE INC -CL B	$2,582,000	–	21,000	–	0.81%	–
LOW	New	LOWE'S COS INC	$2,550,000	–	37,000	–	0.80%	–
OXY	Buy	OCCIDENTAL PETROLEUM CORP	$2,448,000	+65.6%	37,000	+94.7%	0.77%	-8.1%
ESRX	New	EXPRESS SCRIPTS HOLDING CO	$2,429,000	–	30,000	–	0.76%	–
MKC	Buy	MCCORMICK and CO-NON VTG SHRS	$2,383,000	+104.4%	29,000	+101.4%	0.75%	+13.3%
KO	Buy	COCA-COLA CO/THE	$2,367,000	+99.1%	59,000	+94.7%	0.74%	+10.4%
GIS	Buy	GENERAL MILLS INC	$2,357,000	+96.7%	42,000	+95.3%	0.74%	+9.1%
SLB	Buy	SCHLUMBERGER LTD	$2,331,000	+55.4%	33,800	+94.3%	0.73%	-13.8%
USB	Buy	US BANCORP	$2,313,000	+241.7%	56,400	+261.5%	0.73%	+89.6%
DHR	New	DANAHER CORP	$2,301,000	–	27,000	–	0.72%	–
PCP	Buy	PRECISION CASTPARTS CORP	$2,297,000	+125.4%	10,000	+96.1%	0.72%	+24.9%
MO	Buy	ALTRIA GROUP INC	$2,285,000	+116.4%	42,000	+94.4%	0.72%	+19.8%
NEE	Buy	NEXTERA ENERGY INC	$2,244,000	+93.9%	23,000	+94.9%	0.71%	+7.6%
CSCO	Buy	CISCO SYSTEMS INC	$2,158,000	+86.2%	82,200	+94.8%	0.68%	+3.2%
UNP	Buy	UNION PACIFIC CORP	$2,148,000	+80.2%	24,300	+94.4%	0.68%	-0.1%
TROW	New	T ROWE PRICE GROUP INC	$2,085,000	–	30,000	–	0.66%	–
BLK	New	BLACKROCK INC	$2,082,000	–	7,000	–	0.66%	–
MCO	New	MOODY'S CORP	$2,062,000	–	21,000	–	0.65%	–
SEIC	New	SEI INVESTMENTS COMPANY	$2,026,000	–	42,000	–	0.64%	–
VTR	Buy	VENTAS INC	$2,027,000	+79.7%	36,162	+99.1%	0.64%	-0.3%
MHFI	New	MCGRAW HILL FINANCIAL INC	$1,990,000	–	23,000	–	0.63%	–
ITW	New	ILLINOIS TOOL WORKS	$1,975,000	–	24,000	–	0.62%	–
COST	Buy	COSTCO WHOLESALE CORP	$1,952,000	+109.4%	13,500	+95.7%	0.62%	+16.3%
KMB	Buy	KIMBERLY-CLARK CORP	$1,908,000	+100.0%	17,500	+94.4%	0.60%	+10.9%
SYK	New	STRYKER CORP	$1,882,000	–	20,000	–	0.59%	–
KR	Buy	KROGER CO	$1,876,000	+5.2%	52,000	+111.4%	0.59%	-41.7%
PSA	Buy	PUBLIC STORAGE	$1,865,000	+48.5%	8,813	+29.4%	0.59%	-17.7%
ROST	Buy	ROSS STORES INC	$1,852,000	+94.3%	38,200	+94.9%	0.58%	+7.8%
ADP	New	AUTOMATIC DATA PROCESSING	$1,848,000	–	23,000	–	0.58%	–
HCP	Buy	HCP INC	$1,788,000	+75.1%	48,007	+71.4%	0.56%	-2.9%
EL	Buy	ESTEE LAUDER COMPANIES-CL A	$1,775,000	+81.3%	22,000	+94.7%	0.56%	+0.5%
CI	New	CIGNA CORP	$1,755,000	–	13,000	–	0.55%	–
CMI	New	CUMMINS INC	$1,737,000	–	16,000	–	0.55%	–
PCLN	Buy	PRICELINE GROUP INC/THE	$1,732,000	+114.9%	1,400	+100.0%	0.54%	+19.0%
TWC	Buy	TIME WARNER CABLE	$1,722,000	+97.3%	9,600	+95.9%	0.54%	+9.3%
AVB	Buy	AVALONBAY COMMUNITIES INC	$1,714,000	+70.0%	9,802	+55.5%	0.54%	-5.6%
ECL	Buy	ECOLAB INC	$1,668,000	+89.1%	15,200	+94.9%	0.52%	+4.8%
IFF	New	INTL FLAVORS and FRAGRANCES	$1,652,000	–	16,000	–	0.52%	–
SO	Buy	SOUTHERN CO/THE	$1,632,000	+110.6%	36,500	+97.3%	0.51%	+16.8%
UPS	Buy	UNITED PARCEL SERVICE-CL B	$1,623,000	+98.2%	16,450	+94.7%	0.51%	+9.9%
DG	New	DOLLAR GENERAL CORP	$1,594,000	–	22,000	–	0.50%	–
WBC	New	WABCO HOLDINGS INC	$1,572,000	–	15,000	–	0.50%	–
PAYX	New	PAYCHEX INC	$1,572,000	–	33,000	–	0.50%	–
RHI	New	ROBERT HALF INTL INC	$1,535,000	–	30,000	–	0.48%	–
APH	New	AMPHENOL CORP-CL A	$1,529,000	–	30,000	–	0.48%	–
LLTC	New	LINEAR TECHNOLOGY CORP	$1,493,000	–	37,000	–	0.47%	–
HRL	New	HORMEL FOODS CORP	$1,456,000	–	23,000	–	0.46%	–
CHD	New	CHURCH and DWIGHT CO INC	$1,426,000	–	17,000	–	0.45%	–
MTD	New	METTLER-TOLEDO INTERNATIONAL	$1,424,000	–	5,000	–	0.45%	–
CA	New	CA INC	$1,420,000	–	52,000	–	0.45%	–
SNH	Buy	SENIOR HOUSING PROP TRUST	$1,411,000	+176.1%	87,100	+199.3%	0.44%	+53.1%
VAR	New	VARIAN MEDICAL SYSTEMS INC	$1,402,000	–	19,000	–	0.44%	–
FLIR	New	FLIR SYSTEMS INC	$1,400,000	–	50,000	–	0.44%	–
GWW	New	WW GRAINGER INC	$1,398,000	–	6,500	–	0.44%	–
SNPS	New	SYNOPSYS INC	$1,385,000	–	30,000	–	0.44%	–
DLTR	Buy	DOLLAR TREE INC	$1,380,000	+64.9%	20,700	+95.3%	0.43%	-8.6%
AWK	New	AMERICAN WATER WORKS CO INC	$1,377,000	–	25,000	–	0.43%	–
DVA	New	DAVITA HEALTHCARE PARTNERS I	$1,374,000	–	19,000	–	0.43%	–
MMC	Buy	MARSH and MCLENNAN COS	$1,373,000	+79.5%	26,300	+94.8%	0.43%	-0.5%
SHW	New	SHERWIN-WILLIAMS CO/THE	$1,359,000	–	6,100	–	0.43%	–
BFB	New	BROWN-FORMAN CORP-CLASS B	$1,357,000	–	14,000	–	0.43%	–
FAST	New	FASTENAL CO	$1,355,000	–	37,000	–	0.43%	–
MA	New	MASTERCARD INC-CLASS A	$1,352,000	–	15,000	–	0.43%	–
MON	Buy	MONSANTO CO	$1,340,000	+55.3%	15,700	+93.8%	0.42%	-13.9%
DLR	Buy	DIGITAL REALTY TRUST INC	$1,336,000	+61.0%	20,450	+64.3%	0.42%	-10.6%
PX	Buy	PRAXAIR INC	$1,334,000	+66.5%	13,100	+95.5%	0.42%	-7.7%
BDX	New	BECTON DICKINSON AND CO	$1,327,000	–	10,000	–	0.42%	–
HME	Buy	HOME PROPERTIES INC	$1,319,000	+55.0%	17,650	+51.5%	0.42%	-14.1%
CERN	New	CERNER CORP	$1,319,000	–	22,000	–	0.42%	–
PPG	New	PPG INDUSTRIES INC	$1,315,000	–	15,000	–	0.41%	–
GPS	New	GAP INC/THE	$1,311,000	–	46,000	–	0.41%	–
WM	Buy	WASTE MANAGEMENT INC	$1,255,000	+109.9%	25,200	+95.3%	0.40%	+16.2%
SJM	New	JM SMUCKER CO/THE	$1,255,000	–	11,000	–	0.40%	–
ARG	Buy	AIRGAS INC	$1,251,000	+62.0%	14,000	+91.8%	0.39%	-10.0%
UDR	Buy	UDR INC	$1,242,000	+93.8%	36,019	+79.9%	0.39%	+7.4%
MAA	Buy	MID-AMERICA APARTMENT COMM	$1,236,000	+46.3%	15,100	+30.2%	0.39%	-19.0%
EQR	Buy	EQUITY RESIDENTIAL	$1,236,000	+68.6%	16,453	+57.4%	0.39%	-6.5%
HAL	Buy	HALLIBURTON CO	$1,230,000	+59.5%	34,800	+94.4%	0.39%	-11.6%
DE	Buy	DEERE and CO	$1,221,000	+49.8%	16,500	+96.4%	0.38%	-17.1%
VFC	Buy	VF CORP	$1,200,000	+93.2%	17,600	+97.8%	0.38%	+7.1%
NSC	Buy	NORFOLK SOUTHERN CORP	$1,192,000	+70.5%	15,600	+95.0%	0.38%	-5.5%
UTHR	New	UNITED THERAPEUTICS CORP	$1,181,000	–	9,000	–	0.37%	–
AFL	Buy	AFLAC INC	$1,174,000	+81.5%	20,200	+94.2%	0.37%	+0.8%
SKT	Buy	TANGER FACTORY OUTLET CENTER	$1,137,000	+66.7%	34,500	+60.5%	0.36%	-7.5%
SIR	Buy	SELECT INCOME REIT	$1,120,000	+75.5%	58,900	+90.6%	0.35%	-2.5%
COP	Buy	CONOCOPHILLIPS	$1,103,000	+52.1%	23,000	+94.9%	0.35%	-15.8%
CCG	Buy	CAMPUS CREST COMMUNITIES INC	$1,075,000	+128.2%	202,000	+137.6%	0.34%	+26.6%
KHC	New	KRAFT HEINZ CO/THE	$1,066,000	–	15,100	–	0.34%	–
DRE	Buy	DUKE REALTY CORP	$1,061,000	+60.0%	55,707	+56.0%	0.33%	-11.2%
VNO	Buy	VORNADO REALTY TRUST	$1,016,000	+52.1%	11,237	+59.7%	0.32%	-15.6%
BMR	Buy	BIOMED REALTY TRUST INC	$999,000	+98.6%	50,000	+92.3%	0.32%	+10.1%
XEL	Buy	XCEL ENERGY INC	$991,000	+115.4%	28,000	+95.8%	0.31%	+19.5%
ELS	Buy	EQUITY LIFESTYLE PROPERTIES	$966,000	+75.0%	16,500	+57.1%	0.30%	-2.9%
ARE	Buy	ALEXANDRIA REAL ESTATE EQUIT	$936,000	+51.7%	11,050	+56.7%	0.30%	-15.7%
ACC	New	AMERICAN CAMPUS COMMUNITIES	$906,000	–	25,000	–	0.28%	–
HST	Buy	HOST HOTELS and RESORTS INC	$875,000	+24.8%	55,343	+56.6%	0.28%	-30.9%
DFT	Buy	DUPONT FABROS TECHNOLOGY	$867,000	+43.5%	33,500	+63.4%	0.27%	-20.4%
AMAT	Buy	APPLIED MATERIALS INC	$853,000	+48.9%	58,100	+95.0%	0.27%	-17.2%
HPT	Buy	HOSPITALITY PROPERTIES TRUST	$851,000	+45.7%	33,266	+64.1%	0.27%	-19.3%
EGP	Buy	EASTGROUP PROPERTIES INC	$840,000	+57.3%	15,500	+63.2%	0.26%	-12.9%
WAT	New	WATERS CORP	$827,000	–	7,000	–	0.26%	–
MAC	Buy	MACERICH CO/THE	$827,000	+63.8%	10,766	+59.1%	0.26%	-9.4%
EPR	Buy	EPR PROPERTIES	$815,000	+51.8%	15,800	+61.2%	0.26%	-15.7%
CONE	Buy	CYRUSONE INC	$790,000	+89.0%	24,200	+70.4%	0.25%	+5.1%
PLD	New	PROLOGIS INC	$778,000	–	20,000	–	0.24%	–
VER	New	VEREIT INC	$772,000	–	100,000	–	0.24%	–
PYPL	New	PAYPAL HOLDINGS INC	$767,000	–	24,700	–	0.24%	–
GLPI	Buy	GAMING AND LEISURE PROPERTIE	$728,000	+36.8%	24,500	+69.0%	0.23%	-24.2%
RLJ	Buy	RLJ LODGING TRUST	$728,000	+30.0%	28,800	+53.2%	0.23%	-28.0%
IRC	Buy	INLAND REAL ESTATE CORP	$725,000	+41.3%	89,500	+64.2%	0.23%	-21.6%
EMC	Buy	EMC CORP/MA	$718,000	+79.1%	29,700	+95.4%	0.23%	-0.9%
WELL	New	WELLTOWER INC	$694,000	–	10,247	–	0.22%	–
BXP	Buy	BOSTON PROPERTIES INC	$688,000	+48.9%	5,814	+52.4%	0.22%	-17.2%
GGP	Buy	GENERAL GROWTH PROPERTIES	$675,000	+64.2%	26,000	+62.5%	0.21%	-8.6%
LPT	Buy	LIBERTY PROPERTY TRUST	$661,000	+58.1%	20,984	+61.6%	0.21%	-12.2%
EBAY	Buy	EBAY INC	$653,000	-20.8%	26,700	+94.9%	0.21%	-56.0%
STAG	Buy	STAG INDUSTRIAL INC	$646,000	+84.6%	35,500	+102.9%	0.20%	+2.0%
DD	Buy	DU PONT (E.I.) DE NEMOURS	$646,000	+46.5%	13,400	+94.2%	0.20%	-18.8%
INN	Buy	SUMMIT HOTEL PROPERTIES INC	$642,000	+41.1%	55,000	+57.1%	0.20%	-21.7%
ADC	Buy	AGREE REALTY CORP	$628,000	+65.3%	21,040	+61.3%	0.20%	-8.3%
CPT	Sell	CAMDEN PROPERTY TRUST	$616,000	-11.1%	8,331	-10.7%	0.19%	-50.6%
BDN	Buy	BRANDYWINE REALTY TRUST	$610,000	+55.6%	49,500	+67.8%	0.19%	-13.9%
DCT	New	DCT INDUSTRIAL TRUST INC	$608,000	–	18,062	–	0.19%	–
SUI	Buy	SUN COMMUNITIES INC	$583,000	+68.5%	8,600	+53.6%	0.18%	-6.1%
WRI	Buy	WEINGARTEN REALTY INVESTORS	$573,000	+70.0%	17,314	+67.9%	0.18%	-5.8%
SLG	Buy	SL GREEN REALTY CORP	$569,000	+58.9%	5,257	+61.4%	0.18%	-11.8%
SBRA	Buy	SABRA HEALTH CARE REIT INC	$547,000	+56.3%	23,600	+73.5%	0.17%	-13.6%
BWA	Buy	BORGWARNER INC	$532,000	+94.9%	12,800	+166.7%	0.17%	+7.7%
EMR	Buy	EMERSON ELECTRIC CO	$526,000	+55.6%	11,900	+95.1%	0.17%	-13.5%
FOSL	Buy	FOSSIL GROUP INC	$520,000	+56.2%	9,300	+93.8%	0.16%	-13.2%
HIW	Buy	HIGHWOODS PROPERTIES INC	$519,000	+54.5%	13,398	+59.5%	0.16%	-14.7%
COH	New	COACH INC	$506,000	–	17,500	–	0.16%	–
ROIC	Buy	RETAIL OPPORTUNITY INVESTMEN	$430,000	+72.0%	26,000	+62.5%	0.14%	-4.9%
CSG	Buy	CHAMBERS STREET PROPERTIES	$389,000	+62.8%	60,000	+100.0%	0.12%	-10.3%
CHSP	Buy	CHESAPEAKE LODGING TRUST	$378,000	+45.9%	14,500	+70.6%	0.12%	-19.0%
UBA	Buy	URSTADT BIDDLE - CLASS A	$319,000	+70.6%	17,000	+70.0%	0.10%	-5.7%
CCP	New	CARE CAPITAL PROPERTIES UNC	$240,000	–	7,290	–	0.08%	–
ESS	Buy	ESSEX PROPERTY TRUST INC	$223,000	+110.4%	1,000	+100.0%	0.07%	+16.7%
JOY	Buy	JOY GLOBAL INC	$107,000	-26.2%	7,200	+80.0%	0.03%	-58.5%
MCK	Sell	MCKESSON CORP	$0	-100.0%	0	-100.0%	0.00%	-100.0%
LLY	Sell	ELI LILLY and CO	$0	-100.0%	0	-100.0%	0.00%	-100.0%
ZBH	Sell	ZIMMER BIOMET HOLDINGS INC	$0	-100.0%	0	-100.0%	0.00%	-100.0%
MET	Sell	METLIFE INC	$0	-100.0%	0	-100.0%	0.00%	-100.0%
STJ	Sell	ST JUDE MEDICAL INC	$0	-100.0%	0	-100.0%	0.00%	-100.0%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$0	-100.0%	0	-100.0%	0.00%	-100.0%
PWR	Sell	QUANTA SERVICES INC	$0	-100.0%	0	-100.0%	0.00%	-100.0%
TWX	Sell	TIME WARNER INC	$0	-100.0%	0	-100.0%	0.00%	-100.0%
TRV	Sell	TRAVELERS COS INC/THE	$0	-100.0%	0	-100.0%	0.00%	-100.0%
EMN	Sell	EASTMAN CHEMICAL CO	$0	-100.0%	0	-100.0%	0.00%	-100.0%
BAX	Sell	BAXTER INTERNATIONAL INC	$0	-100.0%	0	-100.0%	0.00%	-100.0%
BXLT	New	BAXALTA INC	$0	–	0	–	0.00%	–
BK	Sell	BANK OF NEW YORK MELLON CORP	$0	-100.0%	0	-100.0%	0.00%	-100.0%
PFE	Sell	PFIZER INC	$0	-100.0%	0	-100.0%	0.00%	-100.0%
AMP	Sell	AMERIPRISE FINANCIAL INC	$0	-100.0%	0	-100.0%	0.00%	-100.0%
BEN	Sell	FRANKLIN RESOURCES INC	$0	-100.0%	0	-100.0%	0.00%	-100.0%
GE	Sell	GENERAL ELECTRIC CO	$0	-100.0%	0	-100.0%	0.00%	-100.0%
A	Sell	AGILENT TECHNOLOGIES INC	$0	-100.0%	0	-100.0%	0.00%	-100.0%
ABT	Sell	ABBOTT LABORATORIES	$0	-100.0%	0	-100.0%	0.00%	-100.0%
MRK	Sell	MERCK and CO. INC.	$0	-100.0%	0	-100.0%	0.00%	-100.0%
APC	Exit	ANADARKO PETROLEUM CORP	$0	–	0	–	0.00%	–
MOS	Exit	MOSAIC CO/THE	$0	–	-5,300	–	-0.14%	–
	Exit	COACH INC	$0	–	-8,600	–	-0.17%	–
DCT	Exit	DCT INDUSTRIAL TRUST INC	$0	–	-11,062	–	-0.20%	–
NUS	Exit	NU SKIN ENTERPRISES INC - A	$0	–	-7,600	–	-0.20%	–
HCN	Exit	HEALTH CARE REIT INC	$0	–	-6,247	–	-0.23%	–
DVN	Exit	DEVON ENERGY CORPORATION	$0	–	-7,200	–	-0.24%	–
4107PS	Exit	MEADWESTVACO CORP	$0	–	-9,200	–	-0.25%	–
NBL	Exit	NOBLE ENERGY INC	$0	–	-10,300	–	-0.25%	–
T104PS	Exit	AMERICAN REALTY CAPITAL PROP	$0	–	-55,000	–	-0.25%	–
AEC	Exit	ASSOCIATED ESTATES REALTY CP	$0	–	-16,300	–	-0.26%	–
PNC	Exit	PNC FINANCIAL SERVICES GROUP	$0	–	-6,100	–	-0.33%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-13,600	–	-0.37%	–
CELG	Exit	CELGENE CORP	$0	–	-7,200	–	-0.47%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-50,000	–	-0.48%	–
CF	Exit	CF Industries Holdings INC	$0	–	-18,000	–	-0.66%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-13,950	–	-0.68%	–
ABBV	Exit	ABBVIE INC	$0	–	-19,600	–	-0.75%	–
HES	Exit	HESS CORP	$0	–	-20,000	–	-0.76%	–
GOOG	Exit	GOOGLE INC-CL C	$0	–	-2,607	–	-0.77%	–
GOOGL	Exit	GOOGLE INC-CL A	$0	–	-2,600	–	-0.80%	–
FMC	Exit	FMC CORP	$0	–	-26,700	–	-0.80%	–
C	Exit	CITIGROUP INC	$0	–	-38,600	–	-1.21%	–
AMGN	Exit	AMGEN INC	$0	–	-15,200	–	-1.32%	–
JPM	Exit	JPMORGAN CHASE and CO	$0	–	-49,800	–	-1.92%	–

Q2 2015

			Value		Shares		↓ Weighting
	New	DELPHI AUTOMOTIVE PLC	$3,604,000	–	29,550	–	2.05%	–
AAPL	New	APPLE INC	$3,562,000	–	28,400	–	2.02%	–
WFC	New	WELLS FARGO and CO	$3,391,000	–	60,300	–	1.92%	–
JPM	New	JPMORGAN CHASE and CO	$3,374,000	–	49,800	–	1.92%	–
JNJ	New	JOHNSON and JOHNSON	$3,245,000	–	33,300	–	1.84%	–
GE	New	GENERAL ELECTRIC CO	$3,082,000	–	116,000	–	1.75%	–
CL	New	COLGATE-PALMOLIVE CO	$3,081,000	–	47,100	–	1.75%	–
GILD	New	GILEAD SCIENCES INC	$2,868,000	–	24,500	–	1.63%	–
MRK	New	MERCK and CO. INC.	$2,687,000	–	47,200	–	1.53%	–
UNH	New	UNITEDHEALTH GROUP INC	$2,586,000	–	21,200	–	1.47%	–
XOM	New	EXXON MOBIL CORP	$2,563,000	–	30,800	–	1.46%	–
SPG	New	SIMON PROPERTY GROUP INC	$2,544,000	–	14,706	–	1.44%	–
HD	New	HOME DEPOT INC	$2,423,000	–	21,800	–	1.38%	–
AMGN	New	AMGEN INC	$2,334,000	–	15,200	–	1.32%	–
BIIB	New	BIOGEN IDEC INC	$2,262,000	–	5,600	–	1.28%	–
PFE	New	PFIZER INC	$2,250,000	–	67,100	–	1.28%	–
PEP	New	PEPSICO INC	$2,240,000	–	24,000	–	1.27%	–
C	New	CITIGROUP INC	$2,132,000	–	38,600	–	1.21%	–
ORCL	New	ORACLE CORP	$2,112,000	–	52,400	–	1.20%	–
DIS	New	WALT DISNEY CO/THE	$2,100,000	–	18,400	–	1.19%	–
PG	New	PROCTER and GAMBLE CO/THE	$2,089,000	–	26,700	–	1.19%	–
IBM	New	INTL BUSINESS MACHINES CORP	$2,017,000	–	12,400	–	1.14%	–
CTSH	New	COGNIZANT TECH SOLUTIONS-A	$1,985,000	–	32,500	–	1.13%	–
MSFT	New	MICROSOFT CORP	$1,903,000	–	43,100	–	1.08%	–
PM	New	PHILIP MORRIS INTERNATIONAL	$1,812,000	–	22,600	–	1.03%	–
KR	New	KROGER CO	$1,784,000	–	24,600	–	1.01%	–
CVS	New	CVS HEALTH CORPORATION	$1,772,000	–	16,900	–	1.01%	–
QCOM	New	QUALCOMM INC	$1,741,000	–	27,800	–	0.99%	–
TWX	New	TIME WARNER INC	$1,713,000	–	19,600	–	0.97%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,710,000	–	25,700	–	0.97%	–
SBUX	New	STARBUCKS CORP	$1,705,000	–	31,800	–	0.97%	–
MMM	New	3M CO	$1,698,000	–	11,003	–	0.96%	–
UTX	New	UNITED TECHNOLOGIES CORP	$1,653,000	–	14,900	–	0.94%	–
CMCSA	New	COMCAST CORP-CLASS A	$1,570,000	–	26,200	–	0.89%	–
MCD	New	MCDONALD'S CORP	$1,531,000	–	16,100	–	0.87%	–
SLB	New	SCHLUMBERGER LTD	$1,500,000	–	17,400	–	0.85%	–
MJN	New	MEAD JOHNSON NUTRITION CO	$1,480,000	–	16,400	–	0.84%	–
OXY	New	OCCIDENTAL PETROLEUM CORP	$1,478,000	–	19,000	–	0.84%	–
WEC	New	WEC Energy Group	$1,475,000	–	32,800	–	0.84%	–
LLY	New	ELI LILLY and CO	$1,469,000	–	17,600	–	0.83%	–
PWR	New	QUANTA SERVICES INC	$1,412,000	–	49,000	–	0.80%	–
INTC	New	INTEL CORP	$1,405,000	–	46,200	–	0.80%	–
FMC	New	FMC CORP	$1,403,000	–	26,700	–	0.80%	–
GOOGL	New	GOOGLE INC-CL A	$1,404,000	–	2,600	–	0.80%	–
GOOG	New	GOOGLE INC-CL C	$1,357,000	–	2,607	–	0.77%	–
HES	New	HESS CORP	$1,338,000	–	20,000	–	0.76%	–
ABBV	New	ABBVIE INC	$1,317,000	–	19,600	–	0.75%	–
PSA	New	PUBLIC STORAGE	$1,256,000	–	6,813	–	0.71%	–
GIS	New	GENERAL MILLS INC	$1,198,000	–	21,500	–	0.68%	–
UNP	New	UNION PACIFIC CORP	$1,192,000	–	12,500	–	0.68%	–
KRFT	New	KRAFT FOODS GROUP INC	$1,188,000	–	13,950	–	0.68%	–
KO	New	COCA-COLA CO/THE	$1,189,000	–	30,300	–	0.68%	–
MKC	New	MCCORMICK and CO-NON VTG SHRS	$1,166,000	–	14,400	–	0.66%	–
CSCO	New	CISCO SYSTEMS INC	$1,159,000	–	42,200	–	0.66%	–
CF	New	CF Industries Holdings INC	$1,157,000	–	18,000	–	0.66%	–
NEE	New	NEXTERA ENERGY INC	$1,157,000	–	11,800	–	0.66%	–
MET	New	METLIFE INC	$1,148,000	–	20,500	–	0.65%	–
VTR	New	VENTAS INC	$1,128,000	–	18,162	–	0.64%	–
EMN	New	EASTMAN CHEMICAL CO	$1,088,000	–	13,300	–	0.62%	–
K	New	KELLOGG CO	$1,060,000	–	16,900	–	0.60%	–
MO	New	ALTRIA GROUP INC	$1,056,000	–	21,600	–	0.60%	–
HCP	New	HCP INC	$1,021,000	–	28,007	–	0.58%	–
PCP	New	PRECISION CASTPARTS CORP	$1,019,000	–	5,100	–	0.58%	–
AVB	New	AVALONBAY COMMUNITIES INC	$1,008,000	–	6,302	–	0.57%	–
EL	New	ESTEE LAUDER COMPANIES-CL A	$979,000	–	11,300	–	0.56%	–
KMB	New	KIMBERLY-CLARK CORP	$954,000	–	9,000	–	0.54%	–
ROST	New	ROSS STORES INC	$953,000	–	19,600	–	0.54%	–
TRV	New	TRAVELERS COS INC/THE	$947,000	–	9,800	–	0.54%	–
HSY	New	HERSHEY CO/THE	$933,000	–	10,500	–	0.53%	–
COST	New	COSTCO WHOLESALE CORP	$932,000	–	6,900	–	0.53%	–
ECL	New	ECOLAB INC	$882,000	–	7,800	–	0.50%	–
TWC	New	TIME WARNER CABLE	$873,000	–	4,900	–	0.50%	–
MON	New	MONSANTO CO	$863,000	–	8,100	–	0.49%	–
BAC	New	BANK OF AMERICA CORP	$851,000	–	50,000	–	0.48%	–
HME	New	HOME PROPERTIES INC	$851,000	–	11,650	–	0.48%	–
MAA	New	MID-AMERICA APARTMENT COMM	$845,000	–	11,600	–	0.48%	–
DLTR	New	DOLLAR TREE INC	$837,000	–	10,600	–	0.48%	–
CELG	New	CELGENE CORP	$833,000	–	7,200	–	0.47%	–
BK	New	BANK OF NEW YORK MELLON CORP	$831,000	–	19,800	–	0.47%	–
DLR	New	DIGITAL REALTY TRUST INC	$830,000	–	12,450	–	0.47%	–
EBAY	New	EBAY INC	$825,000	–	13,700	–	0.47%	–
UPS	New	UNITED PARCEL SERVICE-CL B	$819,000	–	8,450	–	0.46%	–
DE	New	DEERE and CO	$815,000	–	8,400	–	0.46%	–
MCK	New	MCKESSON CORP	$809,000	–	3,600	–	0.46%	–
PCLN	New	PRICELINE GROUP INC/THE	$806,000	–	700	–	0.46%	–
PX	New	PRAXAIR INC	$801,000	–	6,700	–	0.46%	–
SO	New	SOUTHERN CO/THE	$775,000	–	18,500	–	0.44%	–
ARG	New	AIRGAS INC	$772,000	–	7,300	–	0.44%	–
HAL	New	HALLIBURTON CO	$771,000	–	17,900	–	0.44%	–
MMC	New	MARSH and MCLENNAN COS	$765,000	–	13,500	–	0.43%	–
BEN	New	FRANKLIN RESOURCES INC	$745,000	–	15,200	–	0.42%	–
EQR	New	EQUITY RESIDENTIAL	$733,000	–	10,453	–	0.42%	–
TJX	New	TJX COMPANIES INC	$728,000	–	11,000	–	0.41%	–
A	New	AGILENT TECHNOLOGIES INC	$725,000	–	18,800	–	0.41%	–
COP	New	CONOCOPHILLIPS	$725,000	–	11,800	–	0.41%	–
HST	New	HOST HOTELS and RESORTS INC	$701,000	–	35,343	–	0.40%	–
NSC	New	NORFOLK SOUTHERN CORP	$699,000	–	8,000	–	0.40%	–
CPT	New	CAMDEN PROPERTY TRUST	$693,000	–	9,331	–	0.39%	–
SKT	New	TANGER FACTORY OUTLET CENTER	$682,000	–	21,500	–	0.39%	–
USB	New	US BANCORP	$677,000	–	15,600	–	0.38%	–
ABT	New	ABBOTT LABORATORIES	$677,000	–	13,800	–	0.38%	–
VNO	New	VORNADO REALTY TRUST	$668,000	–	7,037	–	0.38%	–
DRE	New	DUKE REALTY CORP	$663,000	–	35,707	–	0.38%	–
NOV	New	NATIONAL OILWELL VARCO INC	$657,000	–	13,600	–	0.37%	–
AFL	New	AFLAC INC	$647,000	–	10,400	–	0.37%	–
UDR	New	UDR INC	$641,000	–	20,019	–	0.36%	–
SIR	New	SELECT INCOME REIT	$638,000	–	30,900	–	0.36%	–
BAX	New	BAXTER INTERNATIONAL INC	$622,000	–	8,900	–	0.35%	–
VFC	New	VF CORP	$621,000	–	8,900	–	0.35%	–
ARE	New	ALEXANDRIA REAL ESTATE EQUIT	$617,000	–	7,050	–	0.35%	–
DFT	New	DUPONT FABROS TECHNOLOGY	$604,000	–	20,500	–	0.34%	–
ZBH	New	ZIMMER BIOMET HOLDINGS INC	$601,000	–	5,500	–	0.34%	–
WM	New	WASTE MANAGEMENT INC	$598,000	–	12,900	–	0.34%	–
HPT	New	HOSPITALITY PROPERTIES TRUST	$584,000	–	20,266	–	0.33%	–
PNC	New	PNC FINANCIAL SERVICES GROUP	$583,000	–	6,100	–	0.33%	–
AMAT	New	APPLIED MATERIALS INC	$573,000	–	29,800	–	0.32%	–
RLJ	New	RLJ LODGING TRUST	$560,000	–	18,800	–	0.32%	–
ELS	New	EQUITY LIFESTYLE PROPERTIES	$552,000	–	10,500	–	0.31%	–
STJ	New	ST JUDE MEDICAL INC	$541,000	–	7,400	–	0.31%	–
EPR	New	EPR PROPERTIES	$537,000	–	9,800	–	0.30%	–
EGP	New	EASTGROUP PROPERTIES INC	$534,000	–	9,500	–	0.30%	–
GLPI	New	GAMING AND LEISURE PROPERTIE	$532,000	–	14,500	–	0.30%	–
IRC	New	INLAND REAL ESTATE CORP	$513,000	–	54,500	–	0.29%	–
SNH	New	SENIOR HOUSING PROP TRUST	$511,000	–	29,100	–	0.29%	–
MAC	New	MACERICH CO/THE	$505,000	–	6,766	–	0.29%	–
BMR	New	BIOMED REALTY TRUST INC	$503,000	–	26,000	–	0.29%	–
CCG	New	CAMPUS CREST COMMUNITIES INC	$471,000	–	85,000	–	0.27%	–
AEC	New	ASSOCIATED ESTATES REALTY CP	$467,000	–	16,300	–	0.26%	–
AMP	New	AMERIPRISE FINANCIAL INC	$462,000	–	3,700	–	0.26%	–
BXP	New	BOSTON PROPERTIES INC	$462,000	–	3,814	–	0.26%	–
XEL	New	XCEL ENERGY INC	$460,000	–	14,300	–	0.26%	–
KIM	New	KIMCO REALTY CORP	$457,000	–	20,295	–	0.26%	–
INN	New	SUMMIT HOTEL PROPERTIES INC	$455,000	–	35,000	–	0.26%	–
T104PS	New	AMERICAN REALTY CAPITAL PROP	$447,000	–	55,000	–	0.25%	–
DD	New	DU PONT (E.I.) DE NEMOURS	$441,000	–	6,900	–	0.25%	–
NBL	New	NOBLE ENERGY INC	$440,000	–	10,300	–	0.25%	–
4107PS	New	MEADWESTVACO CORP	$434,000	–	9,200	–	0.25%	–
DVN	New	DEVON ENERGY CORPORATION	$428,000	–	7,200	–	0.24%	–
CONE	New	CYRUSONE INC	$418,000	–	14,200	–	0.24%	–
LPT	New	LIBERTY PROPERTY TRUST	$418,000	–	12,984	–	0.24%	–
GGP	New	GENERAL GROWTH PROPERTIES	$411,000	–	16,000	–	0.23%	–
HCN	New	HEALTH CARE REIT INC	$410,000	–	6,247	–	0.23%	–
EMC	New	EMC CORP/MA	$401,000	–	15,200	–	0.23%	–
BDN	New	BRANDYWINE REALTY TRUST	$392,000	–	29,500	–	0.22%	–
ADC	New	AGREE REALTY CORP	$380,000	–	13,040	–	0.22%	–
NUS	New	NU SKIN ENTERPRISES INC - A	$358,000	–	7,600	–	0.20%	–
SLG	New	SL GREEN REALTY CORP	$358,000	–	3,257	–	0.20%	–
STAG	New	STAG INDUSTRIAL INC	$350,000	–	17,500	–	0.20%	–
SBRA	New	SABRA HEALTH CARE REIT INC	$350,000	–	13,600	–	0.20%	–
DCT	New	DCT INDUSTRIAL TRUST INC	$348,000	–	11,062	–	0.20%	–
SUI	New	SUN COMMUNITIES INC	$346,000	–	5,600	–	0.20%	–
EMR	New	EMERSON ELECTRIC CO	$338,000	–	6,100	–	0.19%	–
WRI	New	WEINGARTEN REALTY INVESTORS	$337,000	–	10,314	–	0.19%	–
HIW	New	HIGHWOODS PROPERTIES INC	$336,000	–	8,398	–	0.19%	–
FOSL	New	FOSSIL GROUP INC	$333,000	–	4,800	–	0.19%	–
DOC	New	PHYSICIANS REALTY TRUST	$307,000	–	20,000	–	0.17%	–
	New	COACH INC	$298,000	–	8,600	–	0.17%	–
BWA	New	BORGWARNER INC	$273,000	–	4,800	–	0.16%	–
CHSP	New	CHESAPEAKE LODGING TRUST	$259,000	–	8,500	–	0.15%	–
ROIC	New	RETAIL OPPORTUNITY INVESTMEN	$250,000	–	16,000	–	0.14%	–
MOS	New	MOSAIC CO/THE	$248,000	–	5,300	–	0.14%	–
CSG	New	CHAMBERS STREET PROPERTIES	$239,000	–	30,000	–	0.14%	–
UBA	New	URSTADT BIDDLE - CLASS A	$187,000	–	10,000	–	0.11%	–
JOY	New	JOY GLOBAL INC	$145,000	–	4,000	–	0.08%	–
LHO	New	LASALLE HOTEL PROPERTIES	$117,000	–	3,300	–	0.07%	–
ESS	New	ESSEX PROPERTY TRUST INC	$106,000	–	500	–	0.06%	–
HR	New	HEALTHCARE REALTY TRUST INC	$95,000	–	4,082	–	0.05%	–
APC	New	ANADARKO PETROLEUM CORP	$0	–	0	–	0.00%	–

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