Pensionfund Sabic 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M CO	COMMON STOCK	88579Y101	3,010	15,300	SH		SOLE	0	0	0	15,300
A COLNY CAP REIT-A	COMMON STOCK	19625W104	919	147,286	SH		SOLE	0	0	0	147,286
AETNA INC	COMMON STOCK	00817Y108	2,569	14,000	SH		SOLE	0	0	0	14,000
AFLAC INC	COMMON STOCK	001055102	1,975	45,900	SH		SOLE	0	0	0	45,900
AGNC INVESTMENT CORP	COMMON STOCK	00123Q104	1,803	97,000	SH		SOLE	0	0	0	97,000
ALEXANDRIA REAL ESTATE EQUIT	COMMON STOCK	015271109	1,079	8,550	SH		SOLE	0	0	0	8,550
ALLSTATE CORP	COMMON STOCK	020002101	2,017	22,100	SH		SOLE	0	0	0	22,100
ALTRIA GROUP INC	COMMON STOCK	02209S103	3,044	53,600	SH		SOLE	0	0	0	53,600
AMERICAN CAMPUS COMMUNITIES	COMMON STOCK	024835100	1,072	25,000	SH		SOLE	0	0	0	25,000
AMERICAN ELECTRIC POWER	COMMON STOCK	025537101	2,071	29,900	SH		SOLE	0	0	0	29,900
AMERICAN HOMES 4 RENT- A	COMMON STOCK	02665T306	555	25,000	SH		SOLE	0	0	0	25,000
AMERIPRISE FINANCIAL INC	COMMON STOCK	03076C106	1,860	13,300	SH		SOLE	0	0	0	13,300
APARTMENT INVT and MGMT CO -A	COMMON STOCK	03748R101	1,036	24,500	SH		SOLE	0	0	0	24,500
APPLE INC	COMMON STOCK	037833100	8,867	47,900	SH		SOLE	0	0	0	47,900
APPLIED MATERIALS INC	COMMON STOCK	038222105	2,282	49,400	SH		SOLE	0	0	0	49,400
ARMADA HOFFLER PROPERTIES IN	COMMON STOCK	04208T108	389	26,101	SH		SOLE	0	0	0	26,101
AUTOMATIC DATA PROCESSING	COMMON STOCK	053015103	2,750	20,500	SH		SOLE	0	0	0	20,500
AUTOZONE INC	COMMON STOCK	053332102	1,946	2,900	SH		SOLE	0	0	0	2,900
AVALONBAY COMMUNITIES INC	COMMON STOCK	053484101	1,891	11,002	SH		SOLE	0	0	0	11,002
AVERY DENNISON CORP	COMMON STOCK	053611109	1,828	17,900	SH		SOLE	0	0	0	17,900
BEST BUY CO INC	COMMON STOCK	086516101	2,230	29,900	SH		SOLE	0	0	0	29,900
BIOGEN INC	COMMON STOCK	09062X103	2,351	8,100	SH		SOLE	0	0	0	8,100
BLACKROCK INC	COMMON STOCK	09247X101	2,545	5,100	SH		SOLE	0	0	0	5,100
BOSTON PROPERTIES INC	COMMON STOCK	101121101	729	5,814	SH		SOLE	0	0	0	5,814
BRANDYWINE REALTY TRUST	COMMON STOCK	105368203	1,004	59,500	SH		SOLE	0	0	0	59,500
BRIXMOR PROPERTY GROUP INC	COMMON STOCK	11120U105	727	41,711	SH		SOLE	0	0	0	41,711
BROADRIDGE FINANCIAL SOLUTIO	COMMON STOCK	11133T103	1,232	10,700	SH		SOLE	0	0	0	10,700
BROWN-FORMAN CORP-CLASS B	COMMON STOCK	115637209	1,936	39,500	SH		SOLE	0	0	0	39,500
CAMDEN PROPERTY TRUST	COMMON STOCK	133131102	1,297	14,231	SH		SOLE	0	0	0	14,231
CBL and ASSOCIATES PROPERTIES	COMMON STOCK	124830100	178	32,000	SH		SOLE	0	0	0	32,000
CDK GLOBAL INC	COMMON STOCK	12508E101	1,899	29,200	SH		SOLE	0	0	0	29,200
CHATHAM LODGING TRUST	COMMON STOCK	16208T102	467	22,000	SH		SOLE	0	0	0	22,000
CHESAPEAKE LODGING TRUST	COMMON STOCK	165240102	459	14,500	SH		SOLE	0	0	0	14,500
CHURCH and DWIGHT CO INC	COMMON STOCK	171340102	2,376	44,700	SH		SOLE	0	0	0	44,700
CIGNA CORP	COMMON STOCK	125509109	2,073	12,200	SH		SOLE	0	0	0	12,200
CLOROX COMPANY	COMMON STOCK	189054109	2,150	15,900	SH		SOLE	0	0	0	15,900
COGNIZANT TECH SOLUTIONS-A	COMMON STOCK	192446102	2,141	27,100	SH		SOLE	0	0	0	27,100
COLGATE-PALMOLIVE CO	COMMON STOCK	194162103	2,541	39,200	SH		SOLE	0	0	0	39,200
COLUMBIA PROPERTY TRUST INC	COMMON STOCK	198287203	795	35,000	SH		SOLE	0	0	0	35,000
COMCAST CORP-CLASS A	COMMON STOCK	20030N101	3,570	108,800	SH		SOLE	0	0	0	108,800
CORPORATE OFFICE PROPERTIES	COMMON STOCK	22002T108	739	25,500	SH		SOLE	0	0	0	25,500
COUSINS PROPERTIES INC	COMMON STOCK	222795106	572	59,000	SH		SOLE	0	0	0	59,000
CROWN HOLDINGS INC	COMMON STOCK	228368106	1,656	37,000	SH		SOLE	0	0	0	37,000
CSX CORP	COMMON STOCK	126408103	2,360	37,000	SH		SOLE	0	0	0	37,000
CUBESMART	COMMON STOCK	229663109	806	25,000	SH		SOLE	0	0	0	25,000
CYRUSONE INC	COMMON STOCK	23283R100	741	12,700	SH		SOLE	0	0	0	12,700
DCT INDUSTRIAL TRUST INC	COMMON STOCK	233153204	405	6,062	SH		SOLE	0	0	0	6,062
DDR RG	COMMON STOCK	23317H854	662	37,000	SH		SOLE	0	0	0	37,000
DELTA AIR LINES INC	COMMON STOCK	247361702	1,684	34,000	SH		SOLE	0	0	0	34,000
DIAMONDROCK HOSPITALITY CO	COMMON STOCK	252784301	700	57,000	SH		SOLE	0	0	0	57,000
DIGITAL REALTY TRUST INC	COMMON STOCK	253868103	1,668	14,947	SH		SOLE	0	0	0	14,947
DOLLAR GENERAL CORP	COMMON STOCK	256677105	2,238	22,700	SH		SOLE	0	0	0	22,700
DOMINION ENERGY INC	COMMON STOCK	25746U109	2,386	35,000	SH		SOLE	0	0	0	35,000
DUKE ENERGY CORP	COMMON STOCK	26441C204	2,349	29,700	SH		SOLE	0	0	0	29,700
DUKE REALTY CORP	COMMON STOCK	264411505	456	15,707	SH		SOLE	0	0	0	15,707
EASTGROUP PROPERTIES INC	COMMON STOCK	277276101	776	8,122	SH		SOLE	0	0	0	8,122
EATON VANCE CORP	COMMON STOCK	278265103	1,722	33,000	SH		SOLE	0	0	0	33,000
EDUCATION REALTY TRUST INC	COMMON STOCK	28140H203	623	15,000	SH		SOLE	0	0	0	15,000
EMERSON ELECTRIC CO	COMMON STOCK	291011104	2,482	35,900	SH		SOLE	0	0	0	35,900
EMPIRE STATE REALTY TRUST-A	COMMON STOCK	292104106	291	17,000	SH		SOLE	0	0	0	17,000
EPR PROPERTIES	COMMON STOCK	26884U109	1,296	20,000	SH		SOLE	0	0	0	20,000
EQUITY RESIDENTIAL	COMMON STOCK	29476L107	1,653	25,953	SH		SOLE	0	0	0	25,953
ESSEX PROPERTY TRUST INC	COMMON STOCK	297178105	717	3,000	SH		SOLE	0	0	0	3,000
ESTEE LAUDER COMPANIES-CL A	COMMON STOCK	518439104	1,955	13,700	SH		SOLE	0	0	0	13,700
EXPEDITORS INTL WASH INC	COMMON STOCK	302130109	2,398	32,800	SH		SOLE	0	0	0	32,800
EXXON MOBIL CORP	COMMON STOCK	30231G102	6,205	75,000	SH		SOLE	0	0	0	75,000
F5 NETWORKS INC	COMMON STOCK	315616102	1,949	11,300	SH		SOLE	0	0	0	11,300
FARMLAND PARTNERS INC	COMMON STOCK	31154R109	150	17,000	SH		SOLE	0	0	0	17,000
FASTENAL CO	COMMON STOCK	311900104	1,863	38,700	SH		SOLE	0	0	0	38,700
FISERV INC	COMMON STOCK	337738108	2,067	27,900	SH		SOLE	0	0	0	27,900
FOREST CITY REALTY TRUST- A	COMMON STOCK	345605109	1,004	44,000	SH		SOLE	0	0	0	44,000
FORTUNE BRANDS HOME and SECURI	COMMON STOCK	34964C106	1,589	29,600	SH		SOLE	0	0	0	29,600
FRANKLIN STREET PROPERTIES C	COMMON STOCK	35471R106	171	20,000	SH		SOLE	0	0	0	20,000
GAMING AND LEISURE PROPERTIE	COMMON STOCK	36467J108	1,020	28,500	SH		SOLE	0	0	0	28,500
GAP INC/THE	COMMON STOCK	364760108	1,982	61,200	SH		SOLE	0	0	0	61,200
GENERAL MILLS INC	COMMON STOCK	370334104	1,832	41,400	SH		SOLE	0	0	0	41,400
GGP Inc	COMMON STOCK	36174X101	592	29,000	SH		SOLE	0	0	0	29,000
GLOBAL NET LEASE INC	COMMON STOCK	379378201	715	34,992	SH		SOLE	0	0	0	34,992
GRAMERCY PROPERTY TRUST	COMMON STOCK	385002308	1,111	40,666	SH		SOLE	0	0	0	40,666
HandR BLOCK INC	COMMON STOCK	093671105	1,506	66,100	SH		SOLE	0	0	0	66,100
HCP INC	COMMON STOCK	40414L109	981	38,007	SH		SOLE	0	0	0	38,007
HEALTHCARE REALTY TRUST INC	COMMON STOCK	421946104	119	4,082	SH		SOLE	0	0	0	4,082
HERSHA HOSPITALITY TRUST	COMMON STOCK	427825500	172	8,000	SH		SOLE	0	0	0	8,000
HERSHEY CO/THE	COMMON STOCK	427866108	1,871	20,100	SH		SOLE	0	0	0	20,100
HIGHWOODS PROPERTIES INC	COMMON STOCK	431284108	730	14,398	SH		SOLE	0	0	0	14,398
HOME DEPOT INC	COMMON STOCK	437076102	4,956	25,400	SH		SOLE	0	0	0	25,400
HOSPITALITY PROPERTIES TRUST	COMMON STOCK	44106M102	780	27,266	SH		SOLE	0	0	0	27,266
HOST HOTELS and RESORTS INC	COMMON STOCK	44107P104	1,630	77,343	SH		SOLE	0	0	0	77,343
HP INC	COMMON STOCK	40434L105	2,428	107,000	SH		SOLE	0	0	0	107,000
HUDSON PACIFIC PROPERTIES IN	COMMON STOCK	444097109	903	25,500	SH		SOLE	0	0	0	25,500
HUMANA INC	COMMON STOCK	444859102	2,292	7,700	SH		SOLE	0	0	0	7,700
HUNT (JB) TRANSPRT SVCS INC	COMMON STOCK	445658107	2,103	17,300	SH		SOLE	0	0	0	17,300
ILLINOIS TOOL WORKS	COMMON STOCK	452308109	2,106	15,200	SH		SOLE	0	0	0	15,200
INDUSTRIAL LOGISTICS PROPERT	COMMON STOCK	456237106	447	20,000	SH		SOLE	0	0	0	20,000
INFRAREIT INC	COMMON STOCK	45685L100	548	24,720	SH		SOLE	0	0	0	24,720
INGERSOLL-RAND PLC	COMMON STOCK	000000000	2,225	24,800	SH		SOLE	0	0	0	24,800
INTL BUSINESS MACHINES CORP	COMMON STOCK	459200101	3,255	23,300	SH		SOLE	0	0	0	23,300
INTUIT INC	COMMON STOCK	461202103	2,472	12,100	SH		SOLE	0	0	0	12,100
INVITATION HOMES INC	COMMON STOCK	46187W107	223	9,684	SH		SOLE	0	0	0	9,684
IRON MOUNTAIN INC	COMMON STOCK	46284V101	1,173	33,500	SH		SOLE	0	0	0	33,500
JBG SMITH PROPERTIES	COMMON STOCK	46590V100	405	11,118	SH		SOLE	0	0	0	11,118
KENNEDY-WILSON HOLDINGS INC	COMMON STOCK	489398107	497	23,509	SH		SOLE	0	0	0	23,509
KILROY REALTY CORP	COMMON STOCK	49427F108	303	4,000	SH		SOLE	0	0	0	4,000
KIMBERLY-CLARK CORP	COMMON STOCK	494368103	2,202	20,900	SH		SOLE	0	0	0	20,900
KIMCO REALTY CORP	COMMON STOCK	49446R109	345	20,295	SH		SOLE	0	0	0	20,295
KITE REALTY GROUP TRUST	COMMON STOCK	49803T300	775	45,400	SH		SOLE	0	0	0	45,400
LAM RESEARCH CORP	COMMON STOCK	512807108	2,091	12,100	SH		SOLE	0	0	0	12,100
LASALLE HOTEL PROPERTIES	COMMON STOCK	517942108	832	24,300	SH		SOLE	0	0	0	24,300
LENNOX INTERNATIONAL INC	COMMON STOCK	526107107	1,821	9,100	SH		SOLE	0	0	0	9,100
LIBERTY PROPERTY TRUST	COMMON STOCK	531172104	1,241	27,984	SH		SOLE	0	0	0	27,984
LOEWS CORP	COMMON STOCK	540424108	2,013	41,700	SH		SOLE	0	0	0	41,700
LOWE'S COS INC	COMMON STOCK	548661107	2,800	29,300	SH		SOLE	0	0	0	29,300
Life Storage Inc	COMMON STOCK	53223X107	827	8,500	SH		SOLE	0	0	0	8,500
MACERICH CO/THE	COMMON STOCK	554382101	470	8,266	SH		SOLE	0	0	0	8,266
MACK-CALI REALTY CORP	COMMON STOCK	554489104	568	28,000	SH		SOLE	0	0	0	28,000
MANPOWERGROUP INC	COMMON STOCK	56418H100	1,368	15,900	SH		SOLE	0	0	0	15,900
MARSH and MCLENNAN COS	COMMON STOCK	571748102	2,475	30,200	SH		SOLE	0	0	0	30,200
MASCO CORP	COMMON STOCK	574599106	1,841	49,200	SH		SOLE	0	0	0	49,200
MASTERCARD INC - A	COMMON STOCK	57636Q104	4,107	20,900	SH		SOLE	0	0	0	20,900
MEDICAL PROPERTIES TRUST INC	COMMON STOCK	58463J304	870	62,000	SH		SOLE	0	0	0	62,000
METTLER-TOLEDO INTERNATIONAL	COMMON STOCK	592688105	1,892	3,270	SH		SOLE	0	0	0	3,270
MICROSOFT CORP	COMMON STOCK	594918104	8,599	87,200	SH		SOLE	0	0	0	87,200
MID-AMERICA APARTMENT COMM	COMMON STOCK	59522J103	1,344	13,350	SH		SOLE	0	0	0	13,350
MONMOUTH REAL ESTATE INV COR	COMMON STOCK	609720107	661	40,000	SH		SOLE	0	0	0	40,000
MOODY'S CORP	COMMON STOCK	615369105	2,064	12,100	SH		SOLE	0	0	0	12,100
MOTOROLA SOLUTIONS INC	COMMON STOCK	620076307	2,095	18,000	SH		SOLE	0	0	0	18,000
MSCI INC	COMMON STOCK	55354G100	1,952	11,800	SH		SOLE	0	0	0	11,800
NATL HEALTH INVESTORS INC	COMMON STOCK	63633D104	184	2,500	SH		SOLE	0	0	0	2,500
NEW SENIOR INVESTMENT GROUP	COMMON STOCK	648691103	317	41,863	SH		SOLE	0	0	0	41,863
NEW YORK REIT INC	COMMON STOCK	64976L208	40	2,200	SH		SOLE	0	0	0	2,200
NVR INC	COMMON STOCK	62944T105	1,782	600	SH		SOLE	0	0	0	600
O'REILLY AUTOMOTIVE INC	COMMON STOCK	67103H107	2,353	8,600	SH		SOLE	0	0	0	8,600
OGE ENERGY CORP	COMMON STOCK	670837103	1,972	56,000	SH		SOLE	0	0	0	56,000
OMNICOM GROUP	COMMON STOCK	681919106	2,219	29,100	SH		SOLE	0	0	0	29,100
PAYCHEX INC	COMMON STOCK	704326107	2,276	33,300	SH		SOLE	0	0	0	33,300
PEPSICO INC	COMMON STOCK	713448108	3,778	34,700	SH		SOLE	0	0	0	34,700
PFIZER INC	COMMON STOCK	717081103	4,546	125,300	SH		SOLE	0	0	0	125,300
PHYSICIANS REALTY TRUST	COMMON STOCK	71943U104	813	51,000	SH		SOLE	0	0	0	51,000
PPG INDUSTRIES INC	COMMON STOCK	693506107	2,075	20,000	SH		SOLE	0	0	0	20,000
PPL CORP	COMMON STOCK	69351T106	2,047	71,700	SH		SOLE	0	0	0	71,700
PREFERRED APARTMENT COMMUN-A	COMMON STOCK	74039L103	340	20,000	SH		SOLE	0	0	0	20,000
PROCTER and GAMBLE CO/THE	COMMON STOCK	742718109	4,090	52,400	SH		SOLE	0	0	0	52,400
PROLOGIS INC	COMMON STOCK	74340W103	2,168	33,000	SH		SOLE	0	0	0	33,000
PUBLIC SERVICE ENTERPRISE GP	COMMON STOCK	744573106	2,496	46,100	SH		SOLE	0	0	0	46,100
PUBLIC STORAGE	COMMON STOCK	74460D109	1,999	8,813	SH		SOLE	0	0	0	8,813
PULTEGROUP INC	COMMON STOCK	745867101	2,185	76,000	SH		SOLE	0	0	0	76,000
QTS REALTY TRUST INC-CL A	COMMON STOCK	74736A103	632	16,000	SH		SOLE	0	0	0	16,000
QUALITY CARE PROPERTIES	COMMON STOCK	747545101	228	10,601	SH		SOLE	0	0	0	10,601
RAMCO-GERSHENSON PROPERTIES	COMMON STOCK	751452202	728	55,100	SH		SOLE	0	0	0	55,100
REGIONS FINANCIAL CORP	COMMON STOCK	7591EP100	1,885	106,000	SH		SOLE	0	0	0	106,000
RLJ LODGING TRUST	COMMON STOCK	74965L101	635	28,800	SH		SOLE	0	0	0	28,800
RMR GROUP INC/THE - A	COMMON STOCK	74967R106	218	2,782	SH		SOLE	0	0	0	2,782
ROBERT HALF INTL INC	COMMON STOCK	770323103	1,920	29,500	SH		SOLE	0	0	0	29,500
ROCKWELL AUTOMATION INC	COMMON STOCK	773903109	1,928	11,600	SH		SOLE	0	0	0	11,600
ROSS STORES INC	COMMON STOCK	778296103	2,441	28,800	SH		SOLE	0	0	0	28,800
SandP GLOBAL INC	COMMON STOCK	78409V104	2,386	11,700	SH		SOLE	0	0	0	11,700
SABRA HEALTH CARE REIT INC	COMMON STOCK	78573L106	1,345	61,874	SH		SOLE	0	0	0	61,874
SEI INVESTMENTS COMPANY	COMMON STOCK	784117103	1,751	28,000	SH		SOLE	0	0	0	28,000
SELECT INCOME REIT	COMMON STOCK	81618T100	1,099	48,900	SH		SOLE	0	0	0	48,900
SENIOR HOUSING PROP TRUST	COMMON STOCK	81721M109	1,015	56,100	SH		SOLE	0	0	0	56,100
SHERWIN-WILLIAMS CO/THE	COMMON STOCK	824348106	2,405	5,900	SH		SOLE	0	0	0	5,900
SIMON PROPERTY GROUP INC	COMMON STOCK	828806109	4,681	27,506	SH		SOLE	0	0	0	27,506
SKYWORKS SOLUTIONS INC	COMMON STOCK	83088M102	2,242	23,200	SH		SOLE	0	0	0	23,200
SL GREEN REALTY CORP	COMMON STOCK	78440X101	730	7,257	SH		SOLE	0	0	0	7,257
SMITH (A.O.) CORP	COMMON STOCK	831865209	1,887	31,900	SH		SOLE	0	0	0	31,900
SNAP-ON INC	COMMON STOCK	833034101	2,089	13,000	SH		SOLE	0	0	0	13,000
SOUTHERN CO/THE	COMMON STOCK	842587107	2,709	58,500	SH		SOLE	0	0	0	58,500
SOUTHWEST AIRLINES CO	COMMON STOCK	844741108	1,811	35,600	SH		SOLE	0	0	0	35,600
SPIRIT AEROSYSTEMS HOLD-CL A	COMMON STOCK	848574109	1,976	23,000	SH		SOLE	0	0	0	23,000
SPIRIT MTA REIT	COMMON STOCK	84861U105	95	9,200	SH		SOLE	0	0	0	9,200
SPIRIT REALTY CAPITAL INC	COMMON STOCK	84860W102	739	92,000	SH		SOLE	0	0	0	92,000
STAG INDUSTRIAL INC	COMMON STOCK	85254J102	694	25,500	SH		SOLE	0	0	0	25,500
STANLEY BLACK and DECKER INC	COMMON STOCK	854502101	1,873	14,100	SH		SOLE	0	0	0	14,100
STARBUCKS CORP	COMMON STOCK	855244109	2,223	45,500	SH		SOLE	0	0	0	45,500
STATE STREET CORP	COMMON STOCK	857477103	2,150	23,100	SH		SOLE	0	0	0	23,100
STORE CAPITAL CORP	COMMON STOCK	862121100	164	6,000	SH		SOLE	0	0	0	6,000
SUMMIT HOTEL PROPERTIES INC	COMMON STOCK	866082100	268	18,700	SH		SOLE	0	0	0	18,700
SUNSTONE HOTEL INVESTORS INC	COMMON STOCK	867892101	216	13,000	SH		SOLE	0	0	0	13,000
T ROWE PRICE GROUP INC	COMMON STOCK	74144T108	2,322	20,000	SH		SOLE	0	0	0	20,000
TANGER FACTORY OUTLET CENTER	COMMON STOCK	875465106	740	31,500	SH		SOLE	0	0	0	31,500
TAUBMAN CENTERS INC	COMMON STOCK	876664103	353	6,000	SH		SOLE	0	0	0	6,000
TEXAS INSTRUMENTS INC	COMMON STOCK	882508104	3,462	31,400	SH		SOLE	0	0	0	31,400
TIER REIT INC	COMMON STOCK	88650V208	476	20,000	SH		SOLE	0	0	0	20,000
TJX COMPANIES INC	COMMON STOCK	872540109	2,617	27,500	SH		SOLE	0	0	0	27,500
TORCHMARK CORP	COMMON STOCK	891027104	1,889	23,200	SH		SOLE	0	0	0	23,200
TRACTOR SUPPLY COMPANY	COMMON STOCK	892356106	2,256	29,500	SH		SOLE	0	0	0	29,500
TRAVELERS COS INC/THE	COMMON STOCK	89417E109	2,068	16,900	SH		SOLE	0	0	0	16,900
UDR INC	COMMON STOCK	902653104	996	26,519	SH		SOLE	0	0	0	26,519
UGI CORP	COMMON STOCK	902681105	1,953	37,500	SH		SOLE	0	0	0	37,500
UMH PROPERTIES INC	COMMON STOCK	903002103	583	38,000	SH		SOLE	0	0	0	38,000
UNION PACIFIC CORP	COMMON STOCK	907818108	3,032	21,400	SH		SOLE	0	0	0	21,400
UNITED PARCEL SERVICE-CL B	COMMON STOCK	911312106	2,576	24,250	SH		SOLE	0	0	0	24,250
UNITEDHEALTH GROUP INC	COMMON STOCK	91324P102	4,514	18,400	SH		SOLE	0	0	0	18,400
UNITI GROUP INC	COMMON STOCK	91325V108	521	26,000	SH		SOLE	0	0	0	26,000
URSTADT BIDDLE - CLASS A	COMMON STOCK	917286205	385	17,000	SH		SOLE	0	0	0	17,000
US BANCORP	COMMON STOCK	902973304	2,821	56,400	SH		SOLE	0	0	0	56,400
VENTAS INC	COMMON STOCK	92276F100	1,615	28,362	SH		SOLE	0	0	0	28,362
VEREIT INC	COMMON STOCK	92339V100	1,138	153,000	SH		SOLE	0	0	0	153,000
VF CORP	COMMON STOCK	918204108	2,397	29,400	SH		SOLE	0	0	0	29,400
VISA INC-CLASS A SHARES	COMMON STOCK	92826C839	4,689	35,400	SH		SOLE	0	0	0	35,400
VORNADO REALTY TRUST	COMMON STOCK	929042109	831	11,237	SH		SOLE	0	0	0	11,237
WALT DISNEY CO/THE	COMMON STOCK	254687106	3,836	36,600	SH		SOLE	0	0	0	36,600
WASHINGTON REIT	COMMON STOCK	939653101	182	6,000	SH		SOLE	0	0	0	6,000
WASTE MANAGEMENT INC	COMMON STOCK	94106L109	2,221	27,300	SH		SOLE	0	0	0	27,300
WEINGARTEN REALTY INVESTORS	COMMON STOCK	948741103	533	17,314	SH		SOLE	0	0	0	17,314
WELLTOWER INC	COMMON STOCK	95040Q104	1,771	28,247	SH		SOLE	0	0	0	28,247
WW GRAINGER INC	COMMON STOCK	384802104	1,881	6,100	SH		SOLE	0	0	0	6,100
WYNDHAM DESTINATIONS INC	COMMON STOCK	98310W108	779	17,600	SH		SOLE	0	0	0	17,600
WYNDHAM HOTELS and RESORTS INC	COMMON STOCK	98311A105	1,035	17,600	SH		SOLE	0	0	0	17,600
YUM! BRANDS INC	COMMON STOCK	988498101	1,783	22,800	SH		SOLE	0	0	0	22,800
ZOETIS INC	COMMON STOCK	98978V103	2,104	24,700	SH		SOLE	0	0	0	24,700