Teachers Insurance And Annuity Association Of America - Real Estate Account Variable Annuity (QREARX) 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
AKAMAI TECHNOLOGIES INC	COM	00971T101	21,007	399,143	SH		SOLE		399,143	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	20,062	473,724	SH		SOLE		473,724	0	0
CALPINE CORP	COM NEW	131347304	32,242	2,228,216	SH		SOLE		2,228,216	0	0
FEDERAL MOGUL HOLDINGS CORP	COM	313549404	14,508	2,118,016	SH		SOLE		2,118,016	0	0
GENERAL MTRS CO	COM	37045V100	534	15,703	SH		SOLE		15,703	0	0
GENERAL MTRS CO	*W EXP 07/10/201	37045V118	347	14,271	SH		SOLE		14,271	0	0
GENERAL MTRS CO	*W EXP 07/10/201	37045V126	233	14,271	SH		SOLE		14,271	0	0
GRACE W R & CO DEL NEW	COM	38388F108	21,020	211,063	SH		SOLE		211,063	0	0
INFRAREIT INC	COM	45685L100	103,160	5,576,235	SH		SOLE		5,576,235	0	0
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	22,785	419,142	SH		SOLE		419,142	0	0
TIME WARNER CABLE INC	COM	88732J207	38,035	204,939	SH		SOLE		204,939	0	0
TRIBUNE MEDIA CO	CL A	896047503	6,742	199,400	SH		SOLE		199,400	0	0
PARTNERRE LTD	COM	G6852T105	28,859	206,518	SH		SOLE		206,518	0	0
TRONOX LTD	SHS CL A	Q9235V101	972	248,690	SH		SOLE		248,690	0	0
AMERICAN CAMPUS CMNTYS INC	COM	024835100	5,053	122,225	SH		SOLE		122,225	0	0
SUNSTONE HOTEL INVS INC NEW	COM	867892101	2,848	228,054	SH		SOLE		228,054	0	0
DIGITAL RLTY TR INC	COM	253868103	11,157	147,536	SH		SOLE		147,536	0	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	5,535	83,026	SH		SOLE		83,026	0	0
INLAND REAL ESTATE CORP	COM NEW	457461200	1,002	94,370	SH		SOLE		94,370	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	2,117	219,413	SH		SOLE		219,413	0	0
MEDICAL PPTYS TRUST INC	COM	58463J304	2,940	255,456	SH		SOLE		255,456	0	0
FRANKLIN STREET PPTYS CORP	COM	35471R106	1,019	98,453	SH		SOLE		98,453	0	0
POTLATCH CORP NEW	COM	737630103	1,230	40,691	SH		SOLE		40,691	0	0
NATIONAL RETAIL PPTYS INC	COM	637417106	5,853	146,133	SH		SOLE		146,133	0	0
DOUGLAS EMMETT INC	COM	25960P109	4,614	147,977	SH		SOLE		147,977	0	0
UDR INC	COM	902653104	10,733	285,672	SH		SOLE		285,672	0	0
HCP INC	COM	40414L109	19,283	504,269	SH		SOLE		504,269	0	0
DUPONT FABROS TECHNOLOGY INC	COM	26613Q106	2,275	71,557	SH		SOLE		71,557	0	0
WINTHROP RLTY TR	SH BEN INT NEW	976391300	508	39,142	SH		SOLE		39,142	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	1,218	76,778	SH		SOLE		76,778	0	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	1,914	106,928	SH		SOLE		106,928	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	2,196	78,371	SH		SOLE		78,371	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	1,630	64,801	SH		SOLE		64,801	0	0
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	2,979	157,777	SH		SOLE		157,777	0	0
TERRENO RLTY CORP	COM	88146M101	1,051	46,459	SH		SOLE		46,459	0	0
CHATHAM LODGING TR	COM	16208T102	822	40,150	SH		SOLE		40,150	0	0
HUDSON PAC PPTYS INC	COM	444097109	2,247	79,867	SH		SOLE		79,867	0	0
CORESITE RLTY CORP	COM	21870Q105	1,893	33,372	SH		SOLE		33,372	0	0
CAMPUS CREST CMNTYS INC	COM	13466Y105	476	70,056	SH		SOLE		70,056	0	0
WHITESTONE REIT	COM	966084204	332	27,622	SH		SOLE		27,622	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	1,505	74,407	SH		SOLE		74,407	0	0
GENERAL GROWTH PPTYS INC NEW	COM	370023103	14,866	546,334	SH		SOLE		546,334	0	0
AMERICAN ASSETS TR INC	COM	024013104	1,609	41,950	SH		SOLE		41,950	0	0
SUMMIT HOTEL PPTYS	COM	866082100	1,097	91,828	SH		SOLE		91,828	0	0
PREFERRED APT CMNTYS INC	COM	74039L103	313	23,945	SH		SOLE		23,945	0	0
STAG INDL INC	COM	85254J102	1,362	73,832	SH		SOLE		73,832	0	0
RLJ LODGING TR	COM	74965L101	2,952	136,460	SH		SOLE		136,460	0	0
PROLOGIS INC	COM	74340W103	24,392	568,315	SH		SOLE		568,315	0	0
DDR CORP	COM	23317H102	5,610	333,126	SH		SOLE		333,126	0	0
CUBESMART	COM	229663109	5,656	184,709	SH		SOLE		184,709	0	0
ROUSE PPTYS INC	COM	779287101	579	39,799	SH		SOLE		39,799	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	44,421	458,181	SH		SOLE		458,181	0	0
SELECT INCOME REIT	COM SH BEN INT	81618T100	1,458	73,541	SH		SOLE		73,541	0	0
RETAIL PPTYS AMER INC	CL A	76131V202	3,800	257,274	SH		SOLE		257,274	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	2,740	53,069	SH		SOLE		53,069	0	0
W P CAREY INC	COM	92936U109	5,631	95,448	SH		SOLE		95,448	0	0
EPR PPTYS	COM SH BEN INT	26884U109	3,784	64,743	SH		SOLE		64,743	0	0
SILVER BAY RLTY TR CORP	COM	82735Q102	577	36,820	SH		SOLE		36,820	0	0
CYRUSONE INC	COM	23283R100	2,416	64,520	SH		SOLE		64,520	0	0
ARMADA HOFFLER PPTYS INC	COM	04208T108	364	34,711	SH		SOLE		34,711	0	0
AMERICAN RESIDENTIAL PPTYS I	COM	02927E303	665	35,204	SH		SOLE		35,204	0	0
SPIRIT RLTY CAP INC NEW	COM	84860W102	4,600	459,110	SH		SOLE		459,110	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	949	136,573	SH		SOLE		136,573	0	0
EQUITY ONE	COM	294752100	2,313	85,201	SH		SOLE		85,201	0	0
ACADIA RLTY TR	COM SH BEN INT	004239109	2,471	74,537	SH		SOLE		74,537	0	0
AGREE REALTY CORP	COM	008492100	637	18,734	SH		SOLE		18,734	0	0
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	648	61,924	SH		SOLE		61,924	0	0
ONE LIBERTY PPTYS INC	COM	682406103	253	11,794	SH		SOLE		11,794	0	0
RAMCO-GERSHENSON PPTYS TR	COM SH BEN INT	751452202	1,410	84,869	SH		SOLE		84,869	0	0
UMH PPTYS INC	COM	903002103	269	26,623	SH		SOLE		26,623	0	0
UNIVERSAL HEALTH RLTY INCM T	SH BEN INT	91359E105	713	14,263	SH		SOLE		14,263	0	0
URSTADT BIDDLE PPTYS INC	CL A	917286205	540	28,041	SH		SOLE		28,041	0	0
CORPORATE OFFICE PPTYS TR	SH BEN INT	22002T108	2,253	103,186	SH		SOLE		103,186	0	0
VENTAS INC	COM	92276F100	20,240	358,667	SH		SOLE		358,667	0	0
SENIOR HSG PPTYS TR	SH BEN INT	81721M109	3,844	259,057	SH		SOLE		259,057	0	0
PLUM CREEK TIMBER CO INC	COM	729251108	9,100	190,702	SH		SOLE		190,702	0	0
GETTY RLTY CORP NEW	COM	374297109	450	26,214	SH		SOLE		26,214	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	2,670	195,470	SH		SOLE		195,470	0	0
FELCOR LODGING TR INC	COM	31430F101	1,150	157,554	SH		SOLE		157,554	0	0
HOSPITALITY PPTYS TR	COM SH BEN INT	44106M102	4,318	165,124	SH		SOLE		165,124	0	0
LASALLE HOTEL PPTYS	COM SH BEN INT	517942108	3,098	123,151	SH		SOLE		123,151	0	0
LEXINGTON REALTY TRUST	COM	529043101	2,052	256,516	SH		SOLE		256,516	0	0
MACK CALI RLTY CORP	COM	554489104	2,269	97,182	SH		SOLE		97,182	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	7,444	81,978	SH		SOLE		81,978	0	0
REALTY INCOME CORP	COM	756109104	13,973	270,636	SH		SOLE		270,636	0	0
SAUL CTRS INC	COM	804395101	772	15,057	SH		SOLE		15,057	0	0
SOVRAN SELF STORAGE INC	COM	84610H108	4,181	38,958	SH		SOLE		38,958	0	0
SUN CMNTYS INC	COM	866674104	4,155	60,628	SH		SOLE		60,628	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	3,412	104,353	SH		SOLE		104,353	0	0
RAYONIER INC	COM	754907103	3,047	137,264	SH		SOLE		137,264	0	0
ALEXANDERS INC	COM	014752109	839	2,183	SH		SOLE		2,183	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	7,110	78,684	SH		SOLE		78,684	0	0
APARTMENT INVT & MGMT CO	CL A	03748R101	6,825	170,490	SH		SOLE		170,490	0	0
CBL & ASSOC PPTYS INC	COM	124830100	2,297	185,704	SH		SOLE		185,704	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	7,227	94,156	SH		SOLE		94,156	0	0
COUSINS PPTYS INC	COM	222795106	2,181	231,292	SH		SOLE		231,292	0	0
EASTGROUP PPTY INC	COM	277276101	1,939	34,861	SH		SOLE		34,861	0	0
ESSEX PPTY TR INC	COM	297178105	17,026	71,115	SH		SOLE		71,115	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	10,921	74,751	SH		SOLE		74,751	0	0
FIRST INDUSTRIAL REALTY TRUS	COM	32054K103	2,651	119,778	SH		SOLE		119,778	0	0
HEALTHCARE RLTY TR	COM	421946104	3,099	109,418	SH		SOLE		109,418	0	0
HIGHWOODS PPTYS INC	COM	431284108	4,467	102,464	SH		SOLE		102,464	0	0
KILROY RLTY CORP	COM	49427F108	6,366	100,594	SH		SOLE		100,594	0	0
LTC PPTYS INC	COM	502175102	1,649	38,232	SH		SOLE		38,232	0	0
LIBERTY PPTY TR	SH BEN INT	531172104	5,054	162,768	SH		SOLE		162,768	0	0
MACERICH CO	COM	554382101	13,823	171,305	SH		SOLE		171,305	0	0
NATIONAL HEALTH INVS INC	COM	63633D104	2,283	37,511	SH		SOLE		37,511	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	6,243	178,475	SH		SOLE		178,475	0	0
PS BUSINESS PKS INC CALIF	COM	69360J107	1,894	21,667	SH		SOLE		21,667	0	0
PARKWAY PPTYS INC	COM	70159Q104	1,359	86,954	SH		SOLE		86,954	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	1,575	72,024	SH		SOLE		72,024	0	0
TAUBMAN CTRS INC	COM	876664103	5,014	65,358	SH		SOLE		65,358	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	1,990	73,550	SH		SOLE		73,550	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	4,205	121,612	SH		SOLE		121,612	0	0
KIMCO RLTY CORP	COM	49446R109	11,866	448,463	SH		SOLE		448,463	0	0
VORNADO RLTY TR	SH BEN INT	929042109	18,366	183,731	SH		SOLE		183,731	0	0
AVALONBAY CMNTYS INC	COM	053484101	27,323	148,389	SH		SOLE		148,389	0	0
BOSTON PROPERTIES INC	COM	101121101	21,213	166,324	SH		SOLE		166,324	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	31,877	390,695	SH		SOLE		390,695	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	12,660	825,304	SH		SOLE		825,304	0	0
POST PPTYS INC	COM	737464107	3,490	58,985	SH		SOLE		58,985	0	0
SL GREEN RLTY CORP	COM	78440X101	12,269	108,594	SH		SOLE		108,594	0	0
DUKE REALTY CORP	COM NEW	264411505	7,911	376,363	SH		SOLE		376,363	0	0
PUBLIC STORAGE	COM	74460D109	38,941	157,211	SH		SOLE		157,211	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	65,521	336,974	SH		SOLE		336,974	0	0
WEYERHAEUSER CO	COM	962166104	16,604	553,851	SH		SOLE		553,851	0	0
REGENCY CTRS CORP	COM	758849103	6,920	101,582	SH		SOLE		101,582	0	0
CORRECTIONS CORP AMER NEW	COM NEW	22025Y407	3,244	122,465	SH		SOLE		122,465	0	0
GLADSTONE COML CORP	COM	376536108	339	23,254	SH		SOLE		23,254	0	0
ASHFORD HOSPITALITY TR INC	COM SHS	044103109	634	100,517	SH		SOLE		100,517	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	112,665	1,500,000	SH		SOLE		1,500,000	0	0
FIRST POTOMAC RLTY TR	COM	33610F109	784	68,780	SH		SOLE		68,780	0	0
CEDAR REALTY TRUST INC	COM NEW	150602209	652	92,124	SH		SOLE		92,124	0	0
BIOMED REALTY TRUST INC	COM	09063H107	5,267	222,345	SH		SOLE		222,345	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	11,031	125,053	SH		SOLE		125,053	0	0
REXFORD INDL RLTY INC	COM	76169C100	968	59,147	SH		SOLE		59,147	0	0
PHYSICIANS RLTY TR	COM	71943U104	1,607	95,326	SH		SOLE		95,326	0	0
AMERICAN HOMES 4 RENT	CL A	02665T306	2,726	163,619	SH		SOLE		163,619	0	0
INDEPENDENCE RLTY TR INC	COM	45378A106	244	32,461	SH		SOLE		32,461	0	0
EMPIRE ST RLTY TR INC	CL A	292104106	1,798	99,527	SH		SOLE		99,527	0	0
QTS RLTY TR INC	COM CL A	74736A103	1,893	41,960	SH		SOLE		41,960	0	0
COLUMBIA PPTY TR INC	COM NEW	198287203	3,184	135,599	SH		SOLE		135,599	0	0
GAMING & LEISURE PPTYS INC	COM	36467J108	2,642	95,044	SH		SOLE		95,044	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	4,924	190,718	SH		SOLE		190,718	0	0
ASHFORD HOSPITALITY PRIME IN	COM	044102101	426	29,357	SH		SOLE		29,357	0	0
CATCHMARK TIMBER TR INC	CL A	14912Y202	528	46,704	SH		SOLE		46,704	0	0
STARWOOD WAYPOINT RESIDENTL	COM SHS	85571W109	941	41,562	SH		SOLE		41,562	0	0
BLUEROCK RESIDENTIAL GRW REI	COM CL A	09627J102	243	20,504	SH		SOLE		20,504	0	0
NEW YORK REIT INC	COM	64976L109	2,046	177,920	SH		SOLE		177,920	0	0
CARETRUST REIT INC	COM	14174T107	603	55,061	SH		SOLE		55,061	0	0
GEO GROUP INC NEW	COM	36162J106	2,243	77,601	SH		SOLE		77,601	0	0
EQUITY COMWLTH	COM SH BEN INT	294628102	3,799	136,984	SH		SOLE		136,984	0	0
KITE RLTY GROUP TR	COM NEW	49803T300	2,314	89,244	SH		SOLE		89,244	0	0
NEW SR INVT GROUP INC	COM	648691103	861	87,273	SH		SOLE		87,273	0	0
DCT INDUSTRIAL TRUST INC	COM NEW	233153204	3,590	96,068	SH		SOLE		96,068	0	0
STORE CAP CORP	COM	862121100	1,631	70,283	SH		SOLE		70,283	0	0
LAMAR ADVERTISING CO NEW	CL A	512816109	5,378	89,664	SH		SOLE		89,664	0	0
PARAMOUNT GROUP INC	COM	69924R108	2,830	156,333	SH		SOLE		156,333	0	0
OUTFRONT MEDIA INC	COM	69007J106	3,249	148,839	SH		SOLE		148,839	0	0
MONOGRAM RESIDENTIAL TR INC	COM	60979P105	1,799	184,354	SH		SOLE		184,354	0	0
EDUCATION RLTY TR INC	COM NEW	28140H203	2,288	60,392	SH		SOLE		60,392	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	31,313	362,207	SH		SOLE		362,207	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	3,717	137,819	SH		SOLE		137,819	0	0
URBAN EDGE PPTYS	COM	91704F104	2,279	97,203	SH		SOLE		97,203	0	0
WP GLIMCHER IN	COM	92939N102	2,123	200,141	SH		SOLE		200,141	0	0
IRON MTN INC NEW	COM	46284V101	5,431	201,089	SH		SOLE		201,089	0	0
EQUINIX INC	COM PAR $0.001	29444U700	20,196	66,786	SH		SOLE		66,786	0	0
XENIA HOTELS & RESORTS INC	COM	984017103	1,864	121,567	SH		SOLE		121,567	0	0
EASTERLY GOVT PPTYS INC	COM	27616P103	253	14,727	SH		SOLE		14,727	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	240	18,365	SH		SOLE		18,365	0	0
COMMUNICATIONS SALES&LEAS IN	COM	20341J104	2,551	136,492	SH		SOLE		136,492	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	428	24,977	SH		SOLE		24,977	0	0
APPLE HOSPITALITY REIT INC	COM NEW	03784Y200	3,630	181,776	SH		SOLE		181,776	0	0
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	971	44,636	SH		SOLE		44,636	0	0
TIER REIT INC	COM NEW	88650V208	769	52,125	SH		SOLE		52,125	0	0
VEREIT INC	COM	92339V100	7,808	985,845	SH		SOLE		985,845	0	0
CARE CAP PPTYS INC	COM	141624106	2,748	89,888	SH		SOLE		89,888	0	0
WELLTOWER INC	COM	95040Q104	25,862	380,157	SH		SOLE		380,157	0	0
NORTHSTAR REALTY EUROPE CORP	COM	66706L101	860	72,837	SH		SOLE		72,837	0	0
NORTHSTAR RLTY FIN CORP	COM	66704R803	3,224	189,319	SH		SOLE		189,319	0	0
CORENERGY INFRASTRUCTURE TR	COM NEW	21870U502	188	12,695	SH		SOLE		12,695	0	0
GRAMERCY PPTY TR	COM	385002100	3,484	451,331	SH		SOLE		451,331	0	0
RSP PERMIAN INC	COM	74978Q105	193,669	7,940,524	SH		SOLE		7,940,524	0	0
TRIANGLE PETE CORP	COM NEW	89600B201	8,740	11,350,000	SH		SOLE		11,350,000	0	0
CRESCENT PT ENERGY CORP	COM	22576C101	79,157	6,977,609	SH		SOLE		6,977,609	0	0
ING GROEP N V	DBCV 6.000%12/2	456837AE3	400	400,000	PRN		SOLE		400,000	0	0
PEABODY ENERGY CORP	SDCV 4.750%12/1	704549AG9	25	500,000	PRN		SOLE		500,000	0	0
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	2,137	95,397	SH		SOLE		95,397	0	0
BCE INC	PUT	05534B950	3,625	94,200	SH		SOLE		94,200	0	0
BB&T CORP	COM	054937107	2,235	59,100	SH		SOLE		59,100	0	0
AMERICAN ELEC PWR INC	COM	025537101	3,986	68,400	SH		SOLE		68,400	0	0
DOMINION RES INC VA NEW	COM	25746U109	4,674	69,100	SH		SOLE		69,100	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	2,860	42,300	SH		SOLE		42,300	0	0
PPL CORP	COM	69351T106	3,925	115,000	SH		SOLE		115,000	0	0
UNION PAC CORP	COM	907818108	3,175	40,600	SH		SOLE		40,600	0	0
PROCTER & GAMBLE CO	COM	742718109	6,631	83,500	SH		SOLE		83,500	0	0
CISCO SYS INC	COM	17275R102	3,913	144,100	SH		SOLE		144,100	0	0
EXXON MOBIL CORP	COM	30231G102	7,772	99,700	SH		SOLE		99,700	0	0
GENERAL ELECTRIC CO	COM	369604103	8,389	269,300	SH		SOLE		269,300	0	0
MICROSOFT CORP	COM	594918104	7,917	142,700	SH		SOLE		142,700	0	0
PFIZER INC	COM	717081103	7,508	232,600	SH		SOLE		232,600	0	0
WAL-MART STORES INC	COM	931142103	6,007	98,000	SH		SOLE		98,000	0	0
WELLS FARGO & CO NEW	COM	949746101	6,523	120,000	SH		SOLE		120,000	0	0
KIMBERLY CLARK CORP	COM	494368103	4,761	37,397	SH		SOLE		37,397	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	2,340	17,000	SH		SOLE		17,000	0	0
DOW CHEM CO	COM	260543103	4,968	96,500	SH		SOLE		96,500	0	0
MATTEL INC	COM	577081102	3,418	125,800	SH		SOLE		125,800	0	0
INTEL CORP	COM	458140100	5,012	145,500	SH		SOLE		145,500	0	0
JOHNSON & JOHNSON	COM	478160104	8,053	78,400	SH		SOLE		78,400	0	0
LILLY ELI & CO	COM	532457108	2,418	28,700	SH		SOLE		28,700	0	0
MCDONALDS CORP	COM	580135101	4,903	41,500	SH		SOLE		41,500	0	0
WASTE MGMT INC DEL	COM	94106L109	2,679	50,200	SH		SOLE		50,200	0	0
PEPSICO INC	COM	713448108	6,795	68,000	SH		SOLE		68,000	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	2,528	13,000	SH		SOLE		13,000	0	0
GENERAL MLS INC	COM	370334104	3,742	64,900	SH		SOLE		64,900	0	0
MAXIM INTEGRATED PRODS INC	COM	57772K101	2,147	56,500	SH		SOLE		56,500	0	0
METLIFE INC	COM	59156R108	4,146	86,000	SH		SOLE		86,000	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	11,430	247,300	SH		SOLE		247,300	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	3,663	260,000	SH		SOLE		260,000	0	0
XCEL ENERGY INC	COM	98389B100	4,851	135,100	SH		SOLE		135,100	0	0
US BANCORP DEL	COM NEW	902973304	2,816	66,000	SH		SOLE		66,000	0	0
3M CO	COM	88579Y101	4,323	28,700	SH		SOLE		28,700	0	0
ALTRIA GROUP INC	COM	02209S103	4,686	80,500	SH		SOLE		80,500	0	0
CA INC	COM	12673P105	3,704	129,700	SH		SOLE		129,700	0	0
ACE LTD	SHS	H0023R105	3,996	34,200	SH		SOLE		34,200	0	0
STARWOOD PPTY TR INC	COM	85571B105	1,727	84,000	SH		SOLE		84,000	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	3,992	38,200	SH		SOLE		38,200	0	0
MERCK & CO INC NEW	COM	58933Y105	3,301	62,500	SH		SOLE		62,500	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	5,775	80,900	SH		SOLE		80,900	0	0
GAMING & LEISURE PPTYS INC	COM	36467J108	1,473	53,000	SH		SOLE		53,000	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	3,034	35,100	SH		SOLE		35,100	0	0
KRAFT HEINZ CO	COM	500754106	4,919	67,600	SH		SOLE		67,600	0	0
CHEVRON CORP NEW	COM	166764100	7,638	84,900	SH		SOLE		84,900	0	0
COCA COLA CO	COM	191216100	5,404	125,800	SH		SOLE		125,800	0	0
BCE INC	PUT	05534B950	3,625	94,200	SH		DFND	1	94,200	0	0
BB&T CORP	COM	054937107	2,235	59,100	SH		DFND	1	59,100	0	0
AMERICAN ELEC PWR INC	COM	025537101	3,986	68,400	SH		DFND	1	68,400	0	0
DOMINION RES INC VA NEW	COM	25746U109	4,674	69,100	SH		DFND	1	69,100	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	2,860	42,300	SH		DFND	1	42,300	0	0
PPL CORP	COM	69351T106	3,925	115,000	SH		DFND	1	115,000	0	0
UNION PAC CORP	COM	907818108	3,175	40,600	SH		DFND	1	40,600	0	0
PROCTER & GAMBLE CO	COM	742718109	6,631	83,500	SH		DFND	1	83,500	0	0
CISCO SYS INC	COM	17275R102	3,913	144,100	SH		DFND	1	144,100	0	0
EXXON MOBIL CORP	COM	30231G102	7,772	99,700	SH		DFND	1	99,700	0	0
GENERAL ELECTRIC CO	COM	369604103	8,389	269,300	SH		DFND	1	269,300	0	0
MICROSOFT CORP	COM	594918104	7,917	142,700	SH		DFND	1	142,700	0	0
PFIZER INC	COM	717081103	7,508	232,600	SH		DFND	1	232,600	0	0
WAL-MART STORES INC	COM	931142103	6,007	98,000	SH		DFND	1	98,000	0	0
WELLS FARGO & CO NEW	COM	949746101	6,523	120,000	SH		DFND	1	120,000	0	0
KIMBERLY CLARK CORP	COM	494368103	4,761	37,397	SH		DFND	1	37,397	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	2,340	17,000	SH		DFND	1	17,000	0	0
DOW CHEM CO	COM	260543103	4,968	96,500	SH		DFND	1	96,500	0	0
MATTEL INC	COM	577081102	3,418	125,800	SH		DFND	1	125,800	0	0
INTEL CORP	COM	458140100	5,012	145,500	SH		DFND	1	145,500	0	0
JOHNSON & JOHNSON	COM	478160104	8,053	78,400	SH		DFND	1	78,400	0	0
LILLY ELI & CO	COM	532457108	2,418	28,700	SH		DFND	1	28,700	0	0
MCDONALDS CORP	COM	580135101	4,903	41,500	SH		DFND	1	41,500	0	0
WASTE MGMT INC DEL	COM	94106L109	2,679	50,200	SH		DFND	1	50,200	0	0
PEPSICO INC	COM	713448108	6,795	68,000	SH		DFND	1	68,000	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	2,528	13,000	SH		DFND	1	13,000	0	0
GENERAL MLS INC	COM	370334104	3,742	64,900	SH		DFND	1	64,900	0	0
MAXIM INTEGRATED PRODS INC	COM	57772K101	2,147	56,500	SH		DFND	1	56,500	0	0
METLIFE INC	COM	59156R108	4,146	86,000	SH		DFND	1	86,000	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	11,430	247,300	SH		DFND	1	247,300	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	3,663	260,000	SH		DFND	1	260,000	0	0
XCEL ENERGY INC	COM	98389B100	4,851	135,100	SH		DFND	1	135,100	0	0
US BANCORP DEL	COM NEW	902973304	2,816	66,000	SH		DFND	1	66,000	0	0
3M CO	COM	88579Y101	4,323	28,700	SH		DFND	1	28,700	0	0
ALTRIA GROUP INC	COM	02209S103	4,686	80,500	SH		DFND	1	80,500	0	0
CA INC	COM	12673P105	3,704	129,700	SH		DFND	1	129,700	0	0
ACE LTD	SHS	H0023R105	3,996	34,200	SH		DFND	1	34,200	0	0
STARWOOD PPTY TR INC	COM	85571B105	1,727	84,000	SH		DFND	1	84,000	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	3,992	38,200	SH		DFND	1	38,200	0	0
MERCK & CO INC NEW	COM	58933Y105	3,301	62,500	SH		DFND	1	62,500	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	5,775	80,900	SH		DFND	1	80,900	0	0
GAMING & LEISURE PPTYS INC	COM	36467J108	1,473	53,000	SH		DFND	1	53,000	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	3,034	35,100	SH		DFND	1	35,100	0	0
KRAFT HEINZ CO	COM	500754106	4,919	67,600	SH		DFND	1	67,600	0	0
CHEVRON CORP NEW	COM	166764100	7,638	84,900	SH		DFND	1	84,900	0	0
COCA COLA CO	COM	191216100	5,404	125,800	SH		DFND	1	125,800	0	0