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

OMB Number:		3235-0006
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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	2,867	17,900	SH		SOLE	0	0	0	17,900
ABBVIE INC	COMMON STOCK	00287Y109	3,547	40,500	SH		SOLE	0	0	0	40,500
AFLAC INC	COMMON STOCK	001055102	1,668	45,900	SH		SOLE	0	0	0	45,900
AGNC INVESTMENT CORP	COMMON STOCK	00123Q104	1,558	112,000	SH		SOLE	0	0	0	112,000
ALEXANDRIA REAL ESTATE EQUIT	COMMON STOCK	015271109	1,688	10,550	SH		SOLE	0	0	0	10,550
ALLEGHANY CORP	COMMON STOCK	017175100	1,457	2,800	SH		SOLE	0	0	0	2,800
ALLSTATE CORP	COMMON STOCK	020002101	1,939	20,600	SH		SOLE	0	0	0	20,600
AMERICAN CAMPUS COMMUNITIES	COMMON STOCK	024835100	1,093	31,300	SH		SOLE	0	0	0	31,300
AMERICAN FINANCIAL GROUP INC	COMMON STOCK	025932104	1,273	19,000	SH		SOLE	0	0	0	19,000
AMERICAN HOMES 4 RENT- A	COMMON STOCK	02665T306	1,253	44,000	SH		SOLE	0	0	0	44,000
AMERIPRISE FINANCIAL INC	COMMON STOCK	03076C106	2,019	13,100	SH		SOLE	0	0	0	13,100
AMGEN INC	COMMON STOCK	031162100	3,762	14,800	SH		SOLE	0	0	0	14,800
ANNALY CAPITAL MANAGEMENT IN	COMMON STOCK	035710409	1,388	195,000	SH		SOLE	0	0	0	195,000
ANTHEM INC	COMMON STOCK	036752103	2,592	9,650	SH		SOLE	0	0	0	9,650
APARTMENT INVT and MGMT CO -A	COMMON STOCK	03748R754	934	27,709	SH		SOLE	0	0	0	27,709
APPLE HOSPITALITY REIT INC	COMMON STOCK	03784Y200	125	13,000	SH		SOLE	0	0	0	13,000
APPLE INC	COMMON STOCK	037833100	16,709	144,280	SH		SOLE	0	0	0	144,280
ARCHER-DANIELS-MIDLAND CO	COMMON STOCK	039483102	2,092	45,000	SH		SOLE	0	0	0	45,000
ARMADA HOFFLER PROPERTIES IN	COMMON STOCK	04208T108	121	13,101	SH		SOLE	0	0	0	13,101
ATandT INC	COMMON STOCK	00206R102	4,248	149,000	SH		SOLE	0	0	0	149,000
AUTOMATIC DATA PROCESSING	COMMON STOCK	053015103	2,511	18,000	SH		SOLE	0	0	0	18,000
AUTOZONE INC	COMMON STOCK	053332102	2,179	1,850	SH		SOLE	0	0	0	1,850
AVALONBAY COMMUNITIES INC	COMMON STOCK	053484101	2,270	15,202	SH		SOLE	0	0	0	15,202
AVERY DENNISON CORP	COMMON STOCK	053611109	2,058	16,100	SH		SOLE	0	0	0	16,100
BAXTER INTERNATIONAL INC	COMMON STOCK	071813109	2,171	27,000	SH		SOLE	0	0	0	27,000
BEST BUY CO INC	COMMON STOCK	086516101	2,593	23,300	SH		SOLE	0	0	0	23,300
BIOGEN INC	COMMON STOCK	09062X103	2,411	8,500	SH		SOLE	0	0	0	8,500
BLACKROCK INC	COMMON STOCK	09247X101	2,818	5,000	SH		SOLE	0	0	0	5,000
BOOKING HOLDINGS INC	COMMON STOCK	741503403	2,395	1,400	SH		SOLE	0	0	0	1,400
BOSTON PROPERTIES INC	COMMON STOCK	101121101	547	6,814	SH		SOLE	0	0	0	6,814
BRANDYWINE REALTY TRUST	COMMON STOCK	105368203	739	71,500	SH		SOLE	0	0	0	71,500
BRISTOL-MYERS SQUIBB CO	COMMON STOCK	110122108	3,497	58,000	SH		SOLE	0	0	0	58,000
BRISTOL-MYERS SQUIBB-CVR	COMMON STOCK	110122157	52	23,000	SH		SOLE	0	0	0	23,000
BRIXMOR PROPERTY GROUP INC	COMMON STOCK	11120U105	593	50,711	SH		SOLE	0	0	0	50,711
BROADRIDGE FINANCIAL SOLUTIO	COMMON STOCK	11133T103	1,940	14,700	SH		SOLE	0	0	0	14,700
CAMDEN PROPERTY TRUST	COMMON STOCK	133131102	1,177	13,231	SH		SOLE	0	0	0	13,231
CAMPBELL SOUP CO	COMMON STOCK	134429109	2,128	44,000	SH		SOLE	0	0	0	44,000
CDW CORP/DE	COMMON STOCK	12514G108	1,999	16,725	SH		SOLE	0	0	0	16,725
CELANESE CORP-SERIES A	COMMON STOCK	150870103	1,988	18,500	SH		SOLE	0	0	0	18,500
CENTERPOINT ENERGY INC	COMMON STOCK	15189T107	1,819	94,000	SH		SOLE	0	0	0	94,000
CERNER CORP	COMMON STOCK	156782104	2,024	28,000	SH		SOLE	0	0	0	28,000
CHATHAM LODGING TRUST	COMMON STOCK	16208T102	69	9,000	SH		SOLE	0	0	0	9,000
CHURCH and DWIGHT CO INC	COMMON STOCK	171340102	2,249	24,000	SH		SOLE	0	0	0	24,000
CISCO SYSTEMS INC	COMMON STOCK	17275R102	3,644	92,500	SH		SOLE	0	0	0	92,500
CITRIX SYSTEMS INC	COMMON STOCK	177376100	2,066	15,000	SH		SOLE	0	0	0	15,000
CLOROX COMPANY	COMMON STOCK	189054109	2,207	10,500	SH		SOLE	0	0	0	10,500
COGNIZANT TECH SOLUTIONS-A	COMMON STOCK	192446102	2,430	35,000	SH		SOLE	0	0	0	35,000
COLGATE-PALMOLIVE CO	COMMON STOCK	194162103	2,507	32,500	SH		SOLE	0	0	0	32,500
COLUMBIA PROPERTY TRUST INC	COMMON STOCK	198287203	327	30,000	SH		SOLE	0	0	0	30,000
CORESITE REALTY CORP	COMMON STOCK	21870Q105	690	5,800	SH		SOLE	0	0	0	5,800
CORPORATE OFFICE PROPERTIES	COMMON STOCK	22002T108	368	15,500	SH		SOLE	0	0	0	15,500
COUSINS PROPERTIES INC	COMMON STOCK	222795502	1,112	38,900	SH		SOLE	0	0	0	38,900
CUBESMART	COMMON STOCK	229663109	1,115	34,500	SH		SOLE	0	0	0	34,500
CYRUSONE INC	COMMON STOCK	23283R100	1,429	20,400	SH		SOLE	0	0	0	20,400
Colony Capital Inc	COMMON STOCK	19625W104	429	157,286	SH		SOLE	0	0	0	157,286
DARDEN RESTAURANTS INC	COMMON STOCK	237194105	1,491	14,800	SH		SOLE	0	0	0	14,800
DIGITAL REALTY TRUST INC	COMMON STOCK	253868103	2,487	16,947	SH		SOLE	0	0	0	16,947
DOLLAR GENERAL CORP	COMMON STOCK	256677105	3,081	14,700	SH		SOLE	0	0	0	14,700
DOMINION ENERGY INC	COMMON STOCK	25746U109	2,605	33,000	SH		SOLE	0	0	0	33,000
DOUGLAS EMMETT INC	COMMON STOCK	25960P109	226	9,000	SH		SOLE	0	0	0	9,000
DUKE REALTY CORP	COMMON STOCK	264411505	985	26,707	SH		SOLE	0	0	0	26,707
Diversified Healthcare Trust	COMMON STOCK	25525P107	451	128,100	SH		SOLE	0	0	0	128,100
EASTGROUP PROPERTIES INC	COMMON STOCK	277276101	55	422	SH		SOLE	0	0	0	422
EBAY INC	COMMON STOCK	278642103	2,761	53,000	SH		SOLE	0	0	0	53,000
ELI LILLY and CO	COMMON STOCK	532457108	3,404	23,000	SH		SOLE	0	0	0	23,000
EMERSON ELECTRIC CO	COMMON STOCK	291011104	2,124	32,400	SH		SOLE	0	0	0	32,400
EMPIRE STATE REALTY TRUST-A	COMMON STOCK	292104106	177	29,000	SH		SOLE	0	0	0	29,000
EPR PROPERTIES	COMMON STOCK	26884U109	264	9,600	SH		SOLE	0	0	0	9,600
EQUINIX INC	COMMON STOCK	29444U700	2,508	3,300	SH		SOLE	0	0	0	3,300
EQUITY RESIDENTIAL	COMMON STOCK	29476L107	2,107	41,053	SH		SOLE	0	0	0	41,053
ESSENTIAL PROPERTIES REALTY	COMMON STOCK	29670E107	568	31,000	SH		SOLE	0	0	0	31,000
ESSEX PROPERTY TRUST INC	COMMON STOCK	297178105	1,546	7,700	SH		SOLE	0	0	0	7,700
EXELON CORP	COMMON STOCK	30161N101	2,056	57,500	SH		SOLE	0	0	0	57,500
EXPEDITORS INTL WASH INC	COMMON STOCK	302130109	2,064	22,800	SH		SOLE	0	0	0	22,800
EXXON MOBIL CORP	COMMON STOCK	30231G102	2,952	86,000	SH		SOLE	0	0	0	86,000
F5 NETWORKS INC	COMMON STOCK	315616102	1,756	14,300	SH		SOLE	0	0	0	14,300
FACEBOOK INC-A	COMMON STOCK	30303M102	9,690	37,000	SH		SOLE	0	0	0	37,000
FIRSTENERGY CORP	COMMON STOCK	337932107	1,751	61,000	SH		SOLE	0	0	0	61,000
FISERV INC	COMMON STOCK	337738108	2,267	22,000	SH		SOLE	0	0	0	22,000
GAMING AND LEISURE PROPERTIE	COMMON STOCK	36467J108	193	5,217	SH		SOLE	0	0	0	5,217
GENERAL MILLS INC	COMMON STOCK	370334104	2,282	37,000	SH		SOLE	0	0	0	37,000
GLOBAL MEDICAL REIT INC	COMMON STOCK	37954A204	286	21,200	SH		SOLE	0	0	0	21,200
GLOBAL NET LEASE INC	COMMON STOCK	379378201	779	48,992	SH		SOLE	0	0	0	48,992
GLOBE LIFE INC	COMMON STOCK	37959E102	1,614	20,200	SH		SOLE	0	0	0	20,200
HARTFORD FINANCIAL SVCS GRP	COMMON STOCK	416515104	1,253	34,000	SH		SOLE	0	0	0	34,000
HCP INC	COMMON STOCK	42250P103	1,303	48,007	SH		SOLE	0	0	0	48,007
HEALTHCARE REALTY TRUST INC	COMMON STOCK	421946104	364	12,082	SH		SOLE	0	0	0	12,082
HEALTHCARE TRUST OF AME-CL A	COMMON STOCK	42225P501	1,222	47,000	SH		SOLE	0	0	0	47,000
HENRY SCHEIN INC	COMMON STOCK	806407102	1,646	28,000	SH		SOLE	0	0	0	28,000
HERSHA HOSPITALITY TRUST	COMMON STOCK	427825500	44	8,000	SH		SOLE	0	0	0	8,000
HERSHEY CO/THE	COMMON STOCK	427866108	2,064	14,400	SH		SOLE	0	0	0	14,400
HIGHWOODS PROPERTIES INC	COMMON STOCK	431284108	634	18,898	SH		SOLE	0	0	0	18,898
HOME DEPOT INC	COMMON STOCK	437076102	5,526	19,900	SH		SOLE	0	0	0	19,900
HOST HOTELS and RESORTS INC	COMMON STOCK	44107P104	835	77,343	SH		SOLE	0	0	0	77,343
HP INC	COMMON STOCK	40434L105	1,956	103,000	SH		SOLE	0	0	0	103,000
HUDSON PACIFIC PROPERTIES IN	COMMON STOCK	444097109	515	23,500	SH		SOLE	0	0	0	23,500
HUMANA INC	COMMON STOCK	444859102	2,773	6,700	SH		SOLE	0	0	0	6,700
IDEXX LABORATORIES INC	COMMON STOCK	45168D104	2,673	6,800	SH		SOLE	0	0	0	6,800
ILLINOIS TOOL WORKS	COMMON STOCK	452308109	2,628	13,600	SH		SOLE	0	0	0	13,600
INDUSTRIAL LOGISTICS PROPERT	COMMON STOCK	456237106	1,347	61,572	SH		SOLE	0	0	0	61,572
INNOVATIVE INDUSTRIAL PROPER	COMMON STOCK	45781V101	683	5,500	SH		SOLE	0	0	0	5,500
INTL BUSINESS MACHINES CORP	COMMON STOCK	459200101	2,957	24,300	SH		SOLE	0	0	0	24,300
INTUIT INC	COMMON STOCK	461202103	2,895	8,875	SH		SOLE	0	0	0	8,875
INVITATION HOMES INC	COMMON STOCK	46187W107	1,807	64,565	SH		SOLE	0	0	0	64,565
IRON MOUNTAIN INC	COMMON STOCK	46284V101	1,058	39,500	SH		SOLE	0	0	0	39,500
KELLOGG CO	COMMON STOCK	487836108	1,809	28,000	SH		SOLE	0	0	0	28,000
KENNEDY-WILSON HOLDINGS INC	COMMON STOCK	489398107	196	13,509	SH		SOLE	0	0	0	13,509
KILROY REALTY CORP	COMMON STOCK	49427F108	338	6,500	SH		SOLE	0	0	0	6,500
KIMBERLY-CLARK CORP	COMMON STOCK	494368103	2,451	16,600	SH		SOLE	0	0	0	16,600
KIMCO REALTY CORP	COMMON STOCK	49446R109	116	10,295	SH		SOLE	0	0	0	10,295
KITE REALTY GROUP TRUST	COMMON STOCK	49803T300	201	17,400	SH		SOLE	0	0	0	17,400
KROGER CO	COMMON STOCK	501044101	1,967	58,000	SH		SOLE	0	0	0	58,000
LAM RESEARCH CORP	COMMON STOCK	512807108	2,654	8,000	SH		SOLE	0	0	0	8,000
LENNOX INTERNATIONAL INC	COMMON STOCK	526107107	2,072	7,600	SH		SOLE	0	0	0	7,600
LEXINGTON REALTY TRUST	COMMON STOCK	529043101	972	93,000	SH		SOLE	0	0	0	93,000
LOEWS CORP	COMMON STOCK	540424108	1,275	36,700	SH		SOLE	0	0	0	36,700
LOWE'S COS INC	COMMON STOCK	548661107	3,947	23,800	SH		SOLE	0	0	0	23,800
Life Storage Inc	COMMON STOCK	53223X107	842	8,000	SH		SOLE	0	0	0	8,000
MACERICH CO/THE	COMMON STOCK	554382101	59	8,692	SH		SOLE	0	0	0	8,692
MACK-CALI REALTY CORP	COMMON STOCK	554489104	76	6,000	SH		SOLE	0	0	0	6,000
MANPOWERGROUP INC	COMMON STOCK	56418H100	1,247	17,000	SH		SOLE	0	0	0	17,000
MARSH and MCLENNAN COS	COMMON STOCK	571748102	2,604	22,700	SH		SOLE	0	0	0	22,700
MASCO CORP	COMMON STOCK	574599106	2,051	37,200	SH		SOLE	0	0	0	37,200
MASTERCARD INC - A	COMMON STOCK	57636Q104	5,546	16,400	SH		SOLE	0	0	0	16,400
MCDONALD'S CORP	COMMON STOCK	580135101	3,885	17,700	SH		SOLE	0	0	0	17,700
MCKESSON CORP	COMMON STOCK	58155Q103	1,936	13,000	SH		SOLE	0	0	0	13,000
MEDICAL PROPERTIES TRUST INC	COMMON STOCK	58463J304	1,340	76,000	SH		SOLE	0	0	0	76,000
MERCK and CO. INC.	COMMON STOCK	58933Y105	4,313	52,000	SH		SOLE	0	0	0	52,000
METTLER-TOLEDO INTERNATIONAL	COMMON STOCK	592688105	2,289	2,370	SH		SOLE	0	0	0	2,370
MICROSOFT CORP	COMMON STOCK	594918104	12,702	60,390	SH		SOLE	0	0	0	60,390
MID-AMERICA APARTMENT COMM	COMMON STOCK	59522J103	1,710	14,750	SH		SOLE	0	0	0	14,750
MONDELEZ INTERNATIONAL INC-A	COMMON STOCK	609207105	2,873	50,000	SH		SOLE	0	0	0	50,000
MONMOUTH REAL ESTATE INV COR	COMMON STOCK	609720107	789	57,000	SH		SOLE	0	0	0	57,000
MONSTER BEVERAGE CORP	COMMON STOCK	61174X109	2,422	30,200	SH		SOLE	0	0	0	30,200
MOTOROLA SOLUTIONS INC	COMMON STOCK	620076307	2,117	13,500	SH		SOLE	0	0	0	13,500
NATL HEALTH INVESTORS INC	COMMON STOCK	63633D104	868	14,400	SH		SOLE	0	0	0	14,400
NEW SENIOR INVESTMENT GROUP	COMMON STOCK	648691103	147	36,863	SH		SOLE	0	0	0	36,863
NEW YORK REIT INC liquidation shs	COMMON STOCK	64976L208	0	2,200	SH		SOLE	0	0	0	2,200
O'REILLY AUTOMOTIVE INC	COMMON STOCK	67103H107	2,444	5,300	SH		SOLE	0	0	0	5,300
OFFICE PROPERTIES INCOME TRUST	COMMON STOCK	67623C109	263	12,714	SH		SOLE	0	0	0	12,714
OMEGA HEALTHCARE INVESTORS	COMMON STOCK	681936100	1,228	41,000	SH		SOLE	0	0	0	41,000
OMNICOM GROUP	COMMON STOCK	681919106	1,470	29,700	SH		SOLE	0	0	0	29,700
PARK HOTELS and RESORTS INC	COMMON STOCK	700517105	91	9,106	SH		SOLE	0	0	0	9,106
PAYCHEX INC	COMMON STOCK	704326107	2,246	28,150	SH		SOLE	0	0	0	28,150
PEBBLEBROOK HOTEL TRUST	COMMON STOCK	70509V100	80	6,355	SH		SOLE	0	0	0	6,355
PEOPLE'S UNITED FINANCIAL	COMMON STOCK	712704105	1,237	120,000	SH		SOLE	0	0	0	120,000
PEPSICO INC	COMMON STOCK	713448108	4,255	30,700	SH		SOLE	0	0	0	30,700
PFIZER INC	COMMON STOCK	717081103	4,298	117,100	SH		SOLE	0	0	0	117,100
PHYSICIANS REALTY TRUST	COMMON STOCK	71943U104	913	51,000	SH		SOLE	0	0	0	51,000
PINNACLE WEST CAPITAL	COMMON STOCK	723484101	1,640	22,000	SH		SOLE	0	0	0	22,000
PPG INDUSTRIES INC	COMMON STOCK	693506107	2,197	18,000	SH		SOLE	0	0	0	18,000
PPL CORP	COMMON STOCK	69351T106	1,842	67,700	SH		SOLE	0	0	0	67,700
PREFERRED APARTMENT COMMUN-A	COMMON STOCK	74039L103	335	62,000	SH		SOLE	0	0	0	62,000
PROLOGIS INC	COMMON STOCK	74340W103	6,105	60,672	SH		SOLE	0	0	0	60,672
PUBLIC SERVICE ENTERPRISE GP	COMMON STOCK	744573106	2,131	38,800	SH		SOLE	0	0	0	38,800
PUBLIC STORAGE	COMMON STOCK	74460D109	2,520	11,313	SH		SOLE	0	0	0	11,313
QTS REALTY TRUST INC-CL A	COMMON STOCK	74736A103	221	3,500	SH		SOLE	0	0	0	3,500
QUEST DIAGNOSTICS INC	COMMON STOCK	74834L100	2,061	18,000	SH		SOLE	0	0	0	18,000
REGENCY CENTERS CORP	COMMON STOCK	758849103	1,236	32,500	SH		SOLE	0	0	0	32,500
REINSURANCE GROUP OF AMERICA	COMMON STOCK	759351604	1,428	15,000	SH		SOLE	0	0	0	15,000
RETAIL VALUE INC	COMMON STOCK	76133Q102	1	102	SH		SOLE	0	0	0	102
RLJ LODGING TRUST	COMMON STOCK	74965L101	249	28,800	SH		SOLE	0	0	0	28,800
ROBERT HALF INTL INC	COMMON STOCK	770323103	1,636	30,900	SH		SOLE	0	0	0	30,900
ROSS STORES INC	COMMON STOCK	778296103	2,034	21,800	SH		SOLE	0	0	0	21,800
SandP GLOBAL INC	COMMON STOCK	78409V104	3,209	8,900	SH		SOLE	0	0	0	8,900
SABRA HEALTH CARE REIT INC	COMMON STOCK	78573L106	853	61,874	SH		SOLE	0	0	0	61,874
SEI INVESTMENTS COMPANY	COMMON STOCK	784117103	1,623	32,000	SH		SOLE	0	0	0	32,000
SERVICE PROPERTIES TRUST	COMMON STOCK	44106M102	161	20,266	SH		SOLE	0	0	0	20,266
SHERWIN-WILLIAMS CO/THE	COMMON STOCK	824348106	2,682	3,850	SH		SOLE	0	0	0	3,850
SIMON PROPERTY GROUP INC	COMMON STOCK	828806109	1,391	21,500	SH		SOLE	0	0	0	21,500
SIMON PROPERTY GROUP INC	COMMON STOCK	828806109	1,766	27,306	SH		SOLE	0	0	0	27,306
SL GREEN REALTY CORP	COMMON STOCK	78440X101	1,141	24,600	SH		SOLE	0	0	0	24,600
SL GREEN REALTY CORP	COMMON STOCK	78440X101	429	9,257	SH		SOLE	0	0	0	9,257
SNAP-ON INC	COMMON STOCK	833034101	1,471	10,000	SH		SOLE	0	0	0	10,000
SPIRIT REALTY CAPITAL INC	COMMON STOCK	84860W300	992	29,400	SH		SOLE	0	0	0	29,400
STAG INDUSTRIAL INC	COMMON STOCK	85254J102	1,118	36,663	SH		SOLE	0	0	0	36,663
STARBUCKS CORP	COMMON STOCK	855244109	3,050	35,500	SH		SOLE	0	0	0	35,500
STORE CAPITAL CORP	COMMON STOCK	862121100	1,152	42,000	SH		SOLE	0	0	0	42,000
STRYKER CORP	COMMON STOCK	863667101	2,709	13,000	SH		SOLE	0	0	0	13,000
SUMMIT HOTEL PROPERTIES INC	COMMON STOCK	866082100	97	18,700	SH		SOLE	0	0	0	18,700
SYSCO CORP	COMMON STOCK	871829107	2,003	32,200	SH		SOLE	0	0	0	32,200
TANGER FACTORY OUTLET CENTER	COMMON STOCK	875465106	172	28,500	SH		SOLE	0	0	0	28,500
TARGET CORP	COMMON STOCK	87612E106	3,148	20,000	SH		SOLE	0	0	0	20,000
TEXAS INSTRUMENTS INC	COMMON STOCK	882508104	3,484	24,400	SH		SOLE	0	0	0	24,400
TJX COMPANIES INC	COMMON STOCK	872540109	2,560	46,000	SH		SOLE	0	0	0	46,000
TRACTOR SUPPLY COMPANY	COMMON STOCK	892356106	2,508	17,500	SH		SOLE	0	0	0	17,500
TRAVELERS COS INC/THE	COMMON STOCK	89417E109	1,612	14,900	SH		SOLE	0	0	0	14,900
UDR INC	COMMON STOCK	902653104	1,317	40,388	SH		SOLE	0	0	0	40,388
UMH PROPERTIES INC	COMMON STOCK	903002103	690	50,926	SH		SOLE	0	0	0	50,926
UNITEDHEALTH GROUP INC	COMMON STOCK	91324P102	5,362	17,200	SH		SOLE	0	0	0	17,200
URSTADT BIDDLE - CLASS A	COMMON STOCK	917286205	156	17,000	SH		SOLE	0	0	0	17,000
US BANCORP	COMMON STOCK	902973304	1,771	49,400	SH		SOLE	0	0	0	49,400
VENTAS INC	COMMON STOCK	92276F100	1,580	37,662	SH		SOLE	0	0	0	37,662
VENTAS INC	COMMON STOCK	92276F100	1,729	41,200	SH		SOLE	0	0	0	41,200
VEREIT INC	COMMON STOCK	92339V100	1,237	190,242	SH		SOLE	0	0	0	190,242
VEREIT INC	COMMON STOCK	92339V100	1,515	233,000	SH		SOLE	0	0	0	233,000
VERIZON COMMUNICATIONS INC	COMMON STOCK	92343V104	4,789	80,500	SH		SOLE	0	0	0	80,500
VISA INC-CLASS A SHARES	COMMON STOCK	92826C839	5,779	28,900	SH		SOLE	0	0	0	28,900
VORNADO REALTY TRUST	COMMON STOCK	929042109	379	11,237	SH		SOLE	0	0	0	11,237
VORNADO REALTY TRUST	COMMON STOCK	929042109	1,102	32,700	SH		SOLE	0	0	0	32,700
WASHINGTON REIT	COMMON STOCK	939653101	282	14,000	SH		SOLE	0	0	0	14,000
WASTE MANAGEMENT INC	COMMON STOCK	94106L109	2,354	20,800	SH		SOLE	0	0	0	20,800
WELLTOWER INC	COMMON STOCK	95040Q104	2,053	37,259	SH		SOLE	0	0	0	37,259
WESTERN UNION CO	COMMON STOCK	959802109	1,622	75,700	SH		SOLE	0	0	0	75,700
WP CAREY INC	COMMON STOCK	92936U109	1,075	16,500	SH		SOLE	0	0	0	16,500
WW GRAINGER INC	COMMON STOCK	384802104	2,069	5,800	SH		SOLE	0	0	0	5,800
YUM! BRANDS INC	COMMON STOCK	988498101	1,808	19,800	SH		SOLE	0	0	0	19,800
ZOETIS INC	COMMON STOCK	98978V103	3,059	18,500	SH		SOLE	0	0	0	18,500