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	22,324	399,143	SH		SOLE		399,143	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	13,411	473,724	SH		SOLE		473,724	0	0
ANTERO RES CORP	COM	03674X106	1,023	39,375	SH		SOLE		39,375	0	0
CDW CORP	COM	12514G108	3,627	90,486	SH		SOLE		90,486	0	0
CALPINE CORP	COM NEW	131347304	32,866	2,228,216	SH		SOLE		2,228,216	0	0
CHARTER COMMUNICATIONS INC N	CL A	16119P108	22,917	100,231	SH		SOLE		100,231	0	0
FEDERAL MOGUL HOLDINGS CORP	COM	313549404	17,601	2,118,016	SH		SOLE		2,118,016	0	0
GCP APPLIED TECHNOLOGIES INC	COM	36164Y101	5,496	211,063	SH		SOLE		211,063	0	0
GENERAL MTRS CO	COM	37045V100	444	15,703	SH		SOLE		15,703	0	0
GENERAL MTRS CO	*W EXP 07/10/201	37045V118	263	14,271	SH		SOLE		14,271	0	0
GENERAL MTRS CO	*W EXP 07/10/201	37045V126	149	14,271	SH		SOLE		14,271	0	0
GRACE W R & CO DEL NEW	COM	38388F108	15,452	211,063	SH		SOLE		211,063	0	0
INFRAREIT INC	COM	45685L100	97,807	5,576,235	SH		SOLE		5,576,235	0	0
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	21,582	419,142	SH		SOLE		419,142	0	0
TRIBUNE MEDIA CO	CL A	896047503	7,812	199,400	SH		SOLE		199,400	0	0
TRONOX LTD	SHS CL A	Q9235V101	1,097	248,690	SH		SOLE		248,690	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	884	136,573	SH		SOLE		136,573	0	0
EQUITY ONE	COM	294752100	3,192	99,201	SH		SOLE		99,201	0	0
ACADIA RLTY TR	COM SH BEN INT	004239109	2,648	74,537	SH		SOLE		74,537	0	0
AGREE REALTY CORP	COM	008492100	1,150	23,830	SH		SOLE		23,830	0	0
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	904	68,156	SH		SOLE		68,156	0	0
ONE LIBERTY PPTYS INC	COM	682406103	281	11,794	SH		SOLE		11,794	0	0
RAMCO-GERSHENSON PPTYS TR	COM SH BEN INT	751452202	1,664	84,869	SH		SOLE		84,869	0	0
UMH PPTYS INC	COM	903002103	300	26,623	SH		SOLE		26,623	0	0
UNIVERSAL HEALTH RLTY INCM T	SH BEN INT	91359E105	816	14,263	SH		SOLE		14,263	0	0
URSTADT BIDDLE PPTYS INC	CL A	917286205	695	28,041	SH		SOLE		28,041	0	0
CORPORATE OFFICE PPTYS TR	SH BEN INT	22002T108	2,993	101,220	SH		SOLE		101,220	0	0
VENTAS INC	COM	92276F100	26,167	359,338	SH		SOLE		359,338	0	0
SENIOR HSG PPTYS TR	SH BEN INT	81721M109	5,292	254,052	SH		SOLE		254,052	0	0
GETTY RLTY CORP NEW	COM	374297109	565	26,359	SH		SOLE		26,359	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	3,177	189,087	SH		SOLE		189,087	0	0
FELCOR LODGING TR INC	COM	31430F101	928	148,991	SH		SOLE		148,991	0	0
HOSPITALITY PPTYS TR	COM SH BEN INT	44106M102	4,669	162,115	SH		SOLE		162,115	0	0
LASALLE HOTEL PPTYS	COM SH BEN INT	517942108	2,850	120,865	SH		SOLE		120,865	0	0
LEXINGTON REALTY TRUST	COM	529043101	2,593	256,516	SH		SOLE		256,516	0	0
MACK CALI RLTY CORP	COM	554489104	2,574	95,318	SH		SOLE		95,318	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	8,555	80,402	SH		SOLE		80,402	0	0
REALTY INCOME CORP	COM	756109104	19,103	275,412	SH		SOLE		275,412	0	0
SAUL CTRS INC	COM	804395101	929	15,057	SH		SOLE		15,057	0	0
SOVRAN SELF STORAGE INC	COM	84610H108	5,098	48,588	SH		SOLE		48,588	0	0
SUN CMNTYS INC	COM	866674104	4,647	60,628	SH		SOLE		60,628	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	4,120	102,551	SH		SOLE		102,551	0	0
RAYONIER INC	COM	754907103	3,507	133,664	SH		SOLE		133,664	0	0
ALEXANDERS INC	COM	014752109	893	2,183	SH		SOLE		2,183	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	8,145	78,684	SH		SOLE		78,684	0	0
APARTMENT INVT & MGMT CO	CL A	03748R101	7,376	167,020	SH		SOLE		167,020	0	0
CBL & ASSOC PPTYS INC	COM	124830100	1,680	180,490	SH		SOLE		180,490	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	8,173	92,438	SH		SOLE		92,438	0	0
COUSINS PPTYS INC	COM	222795106	2,306	221,763	SH		SOLE		221,763	0	0
EASTGROUP PPTY INC	COM	277276101	2,403	34,861	SH		SOLE		34,861	0	0
ESSEX PPTY TR INC	COM	297178105	16,009	70,186	SH		SOLE		70,186	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	12,536	75,721	SH		SOLE		75,721	0	0
FIRST INDUSTRIAL REALTY TRUS	COM	32054K103	3,473	124,852	SH		SOLE		124,852	0	0
HEALTHCARE RLTY TR	COM	421946104	3,914	111,867	SH		SOLE		111,867	0	0
HIGHWOODS PPTYS INC	COM	431284108	5,498	104,134	SH		SOLE		104,134	0	0
KILROY RLTY CORP	COM	49427F108	6,546	98,741	SH		SOLE		98,741	0	0
LTC PPTYS INC	COM	502175102	2,087	40,342	SH		SOLE		40,342	0	0
LIBERTY PPTY TR	SH BEN INT	531172104	6,282	158,161	SH		SOLE		158,161	0	0
MACERICH CO	COM	554382101	13,634	159,665	SH		SOLE		159,665	0	0
NATIONAL HEALTH INVS INC	COM	63633D104	2,817	37,511	SH		SOLE		37,511	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	6,059	178,475	SH		SOLE		178,475	0	0
PS BUSINESS PKS INC CALIF	COM	69360J107	2,298	21,667	SH		SOLE		21,667	0	0
PARKWAY PPTYS INC	COM	70159Q104	1,455	86,954	SH		SOLE		86,954	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	1,545	72,024	SH		SOLE		72,024	0	0
TAUBMAN CTRS INC	COM	876664103	4,784	64,475	SH		SOLE		64,475	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	2,471	78,539	SH		SOLE		78,539	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	4,964	121,612	SH		SOLE		121,612	0	0
KIMCO RLTY CORP	COM	49446R109	14,084	448,813	SH		SOLE		448,813	0	0
VORNADO RLTY TR	SH BEN INT	929042109	18,150	181,281	SH		SOLE		181,281	0	0
AVALONBAY CMNTYS INC	COM	053484101	26,409	146,402	SH		SOLE		146,402	0	0
BOSTON PROPERTIES INC	COM	101121101	21,650	164,136	SH		SOLE		164,136	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	26,559	385,580	SH		SOLE		385,580	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	12,969	800,074	SH		SOLE		800,074	0	0
POST PPTYS INC	COM	737464107	3,495	57,250	SH		SOLE		57,250	0	0
SL GREEN RLTY CORP	COM	78440X101	11,349	106,590	SH		SOLE		106,590	0	0
DUKE REALTY CORP	COM NEW	264411505	9,838	369,002	SH		SOLE		369,002	0	0
PUBLIC STORAGE	COM	74460D109	39,626	155,039	SH		SOLE		155,039	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	72,081	332,324	SH		SOLE		332,324	0	0
WEYERHAEUSER CO	COM	962166104	23,786	798,985	SH		SOLE		798,985	0	0
REGENCY CTRS CORP	COM	758849103	8,747	104,464	SH		SOLE		104,464	0	0
CORRECTIONS CORP AMER NEW	COM NEW	22025Y407	4,213	120,301	SH		SOLE		120,301	0	0
GLADSTONE COML CORP	COM	376536108	393	23,254	SH		SOLE		23,254	0	0
ASHFORD HOSPITALITY TR INC	COM SHS	044103109	489	91,011	SH		SOLE		91,011	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	123,450	1,500,000	SH		SOLE		1,500,000	0	0
FIRST POTOMAC RLTY TR	COM	33610F109	570	61,948	SH		SOLE		61,948	0	0
CEDAR REALTY TRUST INC	COM NEW	150602209	684	92,124	SH		SOLE		92,124	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	11,572	125,053	SH		SOLE		125,053	0	0
AMERICAN CAMPUS CMNTYS INC	COM	024835100	7,430	140,539	SH		SOLE		140,539	0	0
SUNSTONE HOTEL INVS INC NEW	COM	867892101	2,807	232,529	SH		SOLE		232,529	0	0
DIGITAL RLTY TR INC	COM	253868103	18,557	170,262	SH		SOLE		170,262	0	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	6,522	81,468	SH		SOLE		81,468	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	1,933	214,042	SH		SOLE		214,042	0	0
MEDICAL PPTYS TRUST INC	COM	58463J304	3,885	255,456	SH		SOLE		255,456	0	0
FRANKLIN STREET PPTYS CORP	COM	35471R106	1,208	98,453	SH		SOLE		98,453	0	0
POTLATCH CORP NEW	COM	737630103	1,388	40,691	SH		SOLE		40,691	0	0
NATIONAL RETAIL PPTYS INC	COM	637417106	7,960	153,902	SH		SOLE		153,902	0	0
DOUGLAS EMMETT INC	COM	25960P109	5,204	146,504	SH		SOLE		146,504	0	0
UDR INC	COM	902653104	10,544	285,600	SH		SOLE		285,600	0	0
HCP INC	COM	40414L109	17,599	497,439	SH		SOLE		497,439	0	0
DUPONT FABROS TECHNOLOGY INC	COM	26613Q106	3,739	78,643	SH		SOLE		78,643	0	0
WINTHROP RLTY TR	SH BEN INT NEW	976391300	344	39,142	SH		SOLE		39,142	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	1,771	76,778	SH		SOLE		76,778	0	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	2,317	106,928	SH		SOLE		106,928	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	2,007	76,448	SH		SOLE		76,448	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	1,507	64,801	SH		SOLE		64,801	0	0
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	3,346	155,362	SH		SOLE		155,362	0	0
TERRENO RLTY CORP	COM	88146M101	1,202	46,459	SH		SOLE		46,459	0	0
CHATHAM LODGING TR	COM	16208T102	882	40,150	SH		SOLE		40,150	0	0
HUDSON PAC PPTYS INC	COM	444097109	2,587	88,667	SH		SOLE		88,667	0	0
CORESITE RLTY CORP	COM	21870Q105	2,907	32,775	SH		SOLE		32,775	0	0
WHITESTONE REIT	COM	966084204	417	27,622	SH		SOLE		27,622	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	1,452	70,355	SH		SOLE		70,355	0	0
GENERAL GROWTH PPTYS INC NEW	COM	370023103	16,065	538,729	SH		SOLE		538,729	0	0
AMERICAN ASSETS TR INC	COM	024013104	1,780	41,950	SH		SOLE		41,950	0	0
SUMMIT HOTEL PPTYS	COM	866082100	1,216	91,828	SH		SOLE		91,828	0	0
PREFERRED APT CMNTYS INC	COM	74039L103	352	23,945	SH		SOLE		23,945	0	0
STAG INDL INC	COM	85254J102	1,758	73,832	SH		SOLE		73,832	0	0
RLJ LODGING TR	COM	74965L101	2,877	134,105	SH		SOLE		134,105	0	0
PROLOGIS INC	COM	74340W103	27,476	560,282	SH		SOLE		560,282	0	0
DDR CORP	COM	23317H102	6,043	333,126	SH		SOLE		333,126	0	0
CUBESMART	COM	229663109	5,855	189,615	SH		SOLE		189,615	0	0
ROUSE PPTYS INC	COM	779287101	726	39,799	SH		SOLE		39,799	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	51,329	451,800	SH		SOLE		451,800	0	0
SELECT INCOME REIT	COM SH BEN INT	81618T100	1,911	73,541	SH		SOLE		73,541	0	0
RETAIL PPTYS AMER INC	CL A	76131V202	4,281	253,341	SH		SOLE		253,341	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	2,688	53,069	SH		SOLE		53,069	0	0
W P CAREY INC	COM	92936U109	6,626	95,448	SH		SOLE		95,448	0	0
EPR PPTYS	COM SH BEN INT	26884U109	5,484	67,969	SH		SOLE		67,969	0	0
SILVER BAY RLTY TR CORP	COM	82735Q102	627	36,820	SH		SOLE		36,820	0	0
CYRUSONE INC	COM	23283R100	4,323	77,670	SH		SOLE		77,670	0	0
ARMADA HOFFLER PPTYS INC	COM	04208T108	477	34,711	SH		SOLE		34,711	0	0
SPIRIT RLTY CAP INC NEW	COM	84860W102	6,286	492,268	SH		SOLE		492,268	0	0
REXFORD INDL RLTY INC	COM	76169C100	1,439	68,247	SH		SOLE		68,247	0	0
PHYSICIANS RLTY TR	COM	71943U104	3,058	145,526	SH		SOLE		145,526	0	0
AMERICAN HOMES 4 RENT	CL A	02665T306	4,063	198,392	SH		SOLE		198,392	0	0
INDEPENDENCE RLTY TR INC	COM	45378A106	266	32,461	SH		SOLE		32,461	0	0
EMPIRE ST RLTY TR INC	CL A	292104106	1,973	103,899	SH		SOLE		103,899	0	0
QTS RLTY TR INC	COM CL A	74736A103	2,668	47,656	SH		SOLE		47,656	0	0
COLUMBIA PPTY TR INC	COM NEW	198287203	2,831	132,277	SH		SOLE		132,277	0	0
GAMING & LEISURE PPTYS INC	COM	36467J108	7,271	210,869	SH		SOLE		210,869	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	5,925	223,918	SH		SOLE		223,918	0	0
ASHFORD HOSPITALITY PRIME IN	COM	044102101	415	29,357	SH		SOLE		29,357	0	0
CATCHMARK TIMBER TR INC	CL A	14912Y202	571	46,704	SH		SOLE		46,704	0	0
BLUEROCK RESIDENTIAL GRW REI	COM CL A	09627J102	267	20,504	SH		SOLE		20,504	0	0
NEW YORK REIT INC	COM	64976L109	1,646	177,920	SH		SOLE		177,920	0	0
CARETRUST REIT INC	COM	14174T107	759	55,061	SH		SOLE		55,061	0	0
EQUITY COMWLTH	COM SH BEN INT	294628102	3,940	135,252	SH		SOLE		135,252	0	0
KITE RLTY GROUP TR	COM NEW	49803T300	2,502	89,244	SH		SOLE		89,244	0	0
NEW SR INVT GROUP INC	COM	648691103	880	82,418	SH		SOLE		82,418	0	0
DCT INDUSTRIAL TRUST INC	COM NEW	233153204	4,615	96,068	SH		SOLE		96,068	0	0
STORE CAP CORP	COM	862121100	4,686	159,121	SH		SOLE		159,121	0	0
LAMAR ADVERTISING CO NEW	CL A	512816109	5,849	88,213	SH		SOLE		88,213	0	0
PARAMOUNT GROUP INC	COM	69924R108	2,492	156,333	SH		SOLE		156,333	0	0
OUTFRONT MEDIA INC	COM	69007J106	3,597	148,839	SH		SOLE		148,839	0	0
MONOGRAM RESIDENTIAL TR INC	COM	60979P105	1,831	179,363	SH		SOLE		179,363	0	0
EDUCATION RLTY TR INC	COM NEW	28140H203	3,256	70,573	SH		SOLE		70,573	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	36,549	360,340	SH		SOLE		360,340	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	4,682	144,774	SH		SOLE		144,774	0	0
URBAN EDGE PPTYS	COM	91704F104	2,849	95,413	SH		SOLE		95,413	0	0
WP GLIMCHER IN	COM	92939N102	2,240	200,141	SH		SOLE		200,141	0	0
IRON MTN INC NEW	COM	46284V101	10,221	256,622	SH		SOLE		256,622	0	0
EQUINIX INC	COM PAR $0.001	29444U700	28,770	74,200	SH		SOLE		74,200	0	0
XENIA HOTELS & RESORTS INC	COM	984017103	1,954	116,457	SH		SOLE		116,457	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	334	18,365	SH		SOLE		18,365	0	0
COMMUNICATIONS SALES&LEAS IN	COM	20341J104	3,758	130,044	SH		SOLE		130,044	0	0
APPLE HOSPITALITY REIT INC	COM NEW	03784Y200	3,356	178,441	SH		SOLE		178,441	0	0
COMMUNITY HEALTHCARE TR INC	COM	20369C106	280	13,231	SH		SOLE		13,231	0	0
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	695	40,500	SH		SOLE		40,500	0	0
TIER REIT INC	COM NEW	88650V208	799	52,125	SH		SOLE		52,125	0	0
VEREIT INC	COM	92339V100	9,811	967,555	SH		SOLE		967,555	0	0
CARE CAP PPTYS INC	COM	141624106	2,356	89,888	SH		SOLE		89,888	0	0
WELLTOWER INC	COM	95040Q104	28,932	379,837	SH		SOLE		379,837	0	0
NORTHSTAR REALTY EUROPE CORP	COM	66706L101	605	65,380	SH		SOLE		65,380	0	0
NORTHSTAR RLTY FIN CORP	COM	66704R803	2,214	193,712	SH		SOLE		193,712	0	0
CORENERGY INFRASTRUCTURE TR	COM NEW	21870U502	366	12,695	SH		SOLE		12,695	0	0
GRAMERCY PPTY TR	COM	385002100	4,161	451,331	SH		SOLE		451,331	0	0
FOREST CITY RLTY TR INC	COM CL A	345605109	5,616	251,743	SH		SOLE		251,743	0	0
COLONY STARWOOD HOMES	COM	19625X102	1,623	53,362	SH		SOLE		53,362	0	0
GEO GROUP INC NEW	COM	36162J106	2,652	77,601	SH		SOLE		77,601	0	0
EASTERLY GOVT PPTYS INC	COM	27616P103	669	33,927	SH		SOLE		33,927	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	520	24,977	SH		SOLE		24,977	0	0
RSP PERMIAN INC	COM	74978Q105	247,388	7,090,524	SH		SOLE		7,090,524	0	0
TRIANGLE PETE CORP	COM NEW	89600B201	3,259	11,350,000	SH		SOLE		11,350,000	0	0
CRESCENT PT ENERGY CORP	COM	22576C101	110,231	6,977,609	SH		SOLE		6,977,609	0	0
ING GROEP N V	DBCV 6.000%12/2	456837AE3	282	300,000	PRN		SOLE		300,000	0	0
PEABODY ENERGY CORP	SDCV 4.750%12/1	704549AG9	3	500,000	PRN		SOLE		500,000	0	0
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	2,191	95,397	SH		SOLE		95,397	0	0
BCE INC	PUT	05534B950	4,435	94,200	SH		SOLE		94,200	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	2,742	24,200	SH		SOLE		24,200	0	0
CHUBB LIMITED	COM	H1467J104	4,470	34,200	SH		SOLE		34,200	0	0
ALTRIA GROUP INC	COM	02209S103	5,551	80,500	SH		SOLE		80,500	0	0
AMERICAN ELEC PWR INC	COM	025537101	4,794	68,400	SH		SOLE		68,400	0	0
ANALOG DEVICES INC	COM	032654105	2,815	49,700	SH		SOLE		49,700	0	0
APPLE INC	COM	037833100	7,380	77,200	SH		SOLE		77,200	0	0
BB&T CORP	COM	054937107	2,105	59,100	SH		SOLE		59,100	0	0
CA INC	COM	12673P105	4,258	129,700	SH		SOLE		129,700	0	0
CHEVRON CORP NEW	COM	166764100	8,900	84,900	SH		SOLE		84,900	0	0
CISCO SYS INC	COM	17275R102	5,204	181,400	SH		SOLE		181,400	0	0
COCA COLA CO	COM	191216100	5,703	125,800	SH		SOLE		125,800	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	3,560	35,100	SH		SOLE		35,100	0	0
DOMINION RES INC VA NEW	COM	25746U109	5,385	69,100	SH		SOLE		69,100	0	0
DOW CHEM CO	COM	260543103	4,797	96,500	SH		SOLE		96,500	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	6,940	80,900	SH		SOLE		80,900	0	0
EXXON MOBIL CORP	COM	30231G102	9,346	99,700	SH		SOLE		99,700	0	0
GAMING & LEISURE PPTYS INC	COM	36467J108	2,661	77,188	SH		SOLE		77,188	0	0
GENERAL ELECTRIC CO	COM	369604103	8,478	269,300	SH		SOLE		269,300	0	0
GENERAL MLS INC	COM	370334104	4,629	64,900	SH		SOLE		64,900	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	4,569	30,100	SH		SOLE		30,100	0	0
JOHNSON & JOHNSON	COM	478160104	11,657	96,100	SH		SOLE		96,100	0	0
KIMBERLY CLARK CORP	COM	494368103	5,141	37,397	SH		SOLE		37,397	0	0
KRAFT HEINZ CO	COM	500754106	5,981	67,600	SH		SOLE		67,600	0	0
MATTEL INC	COM	577081102	3,936	125,800	SH		SOLE		125,800	0	0
MAXIM INTEGRATED PRODS INC	COM	57772K101	2,952	82,700	SH		SOLE		82,700	0	0
MCDONALDS CORP	COM	580135101	4,994	41,500	SH		SOLE		41,500	0	0
MERCK & CO INC	COM	58933Y105	3,601	62,500	SH		SOLE		62,500	0	0
METLIFE INC	COM	59156R108	3,425	86,000	SH		SOLE		86,000	0	0
MICROSOFT CORP	COM	594918104	5,357	104,700	SH		SOLE		104,700	0	0
NEXTERA ENERGY INC	COM	65339F101	4,421	33,900	SH		SOLE		33,900	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	5,153	68,200	SH		SOLE		68,200	0	0
PPL CORP	COM	69351T106	4,341	115,000	SH		SOLE		115,000	0	0
PEPSICO INC	COM	713448108	7,204	68,000	SH		SOLE		68,000	0	0
PFIZER INC	COM	717081103	8,190	232,600	SH		SOLE		232,600	0	0
PROCTER & GAMBLE CO	COM	742718109	7,070	83,500	SH		SOLE		83,500	0	0
3M CO	COM	88579Y101	5,026	28,700	SH		SOLE		28,700	0	0
US BANCORP DEL	COM NEW	902973304	2,662	66,000	SH		SOLE		66,000	0	0
UNION PAC CORP	COM	907818108	5,087	58,300	SH		SOLE		58,300	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	15,540	278,300	SH		SOLE		278,300	0	0
WAL-MART STORES INC	COM	931142103	7,156	98,000	SH		SOLE		98,000	0	0
WASTE MGMT INC DEL	COM	94106L109	3,327	50,200	SH		SOLE		50,200	0	0
WELLS FARGO & CO NEW	COM	949746101	5,680	120,000	SH		SOLE		120,000	0	0
XCEL ENERGY INC	COM	98389B100	6,050	135,100	SH		SOLE		135,100	0	0
BCE INC	PUT	05534B950	4,435	94,200	SH		DFND	1	94,200	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	2,742	24,200	SH		DFND	1	24,200	0	0
CHUBB LIMITED	COM	H1467J104	4,470	34,200	SH		DFND	1	34,200	0	0
ALTRIA GROUP INC	COM	02209S103	5,551	80,500	SH		DFND	1	80,500	0	0
AMERICAN ELEC PWR INC	COM	025537101	4,794	68,400	SH		DFND	1	68,400	0	0
ANALOG DEVICES INC	COM	032654105	2,815	49,700	SH		DFND	1	49,700	0	0
APPLE INC	COM	037833100	7,380	77,200	SH		DFND	1	77,200	0	0
BB&T CORP	COM	054937107	2,105	59,100	SH		DFND	1	59,100	0	0
CA INC	COM	12673P105	4,258	129,700	SH		DFND	1	129,700	0	0
CHEVRON CORP NEW	COM	166764100	8,900	84,900	SH		DFND	1	84,900	0	0
CISCO SYS INC	COM	17275R102	5,204	181,400	SH		DFND	1	181,400	0	0
COCA COLA CO	COM	191216100	5,703	125,800	SH		DFND	1	125,800	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	3,560	35,100	SH		DFND	1	35,100	0	0
DOMINION RES INC VA NEW	COM	25746U109	5,385	69,100	SH		DFND	1	69,100	0	0
DOW CHEM CO	COM	260543103	4,797	96,500	SH		DFND	1	96,500	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	6,940	80,900	SH		DFND	1	80,900	0	0
EXXON MOBIL CORP	COM	30231G102	9,346	99,700	SH		DFND	1	99,700	0	0
GAMING & LEISURE PPTYS INC	COM	36467J108	2,661	77,188	SH		DFND	1	77,188	0	0
GENERAL ELECTRIC CO	COM	369604103	8,478	269,300	SH		DFND	1	269,300	0	0
GENERAL MLS INC	COM	370334104	4,629	64,900	SH		DFND	1	64,900	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	4,569	30,100	SH		DFND	1	30,100	0	0
JOHNSON & JOHNSON	COM	478160104	11,657	96,100	SH		DFND	1	96,100	0	0
KIMBERLY CLARK CORP	COM	494368103	5,141	37,397	SH		DFND	1	37,397	0	0
KRAFT HEINZ CO	COM	500754106	5,981	67,600	SH		DFND	1	67,600	0	0
MATTEL INC	COM	577081102	3,936	125,800	SH		DFND	1	125,800	0	0
MAXIM INTEGRATED PRODS INC	COM	57772K101	2,952	82,700	SH		DFND	1	82,700	0	0
MCDONALDS CORP	COM	580135101	4,994	41,500	SH		DFND	1	41,500	0	0
MERCK & CO INC	COM	58933Y105	3,601	62,500	SH		DFND	1	62,500	0	0
METLIFE INC	COM	59156R108	3,425	86,000	SH		DFND	1	86,000	0	0
MICROSOFT CORP	COM	594918104	5,357	104,700	SH		DFND	1	104,700	0	0
NEXTERA ENERGY INC	COM	65339F101	4,421	33,900	SH		DFND	1	33,900	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	5,153	68,200	SH		DFND	1	68,200	0	0
PPL CORP	COM	69351T106	4,341	115,000	SH		DFND	1	115,000	0	0
PEPSICO INC	COM	713448108	7,204	68,000	SH		DFND	1	68,000	0	0
PFIZER INC	COM	717081103	8,190	232,600	SH		DFND	1	232,600	0	0
PROCTER & GAMBLE CO	COM	742718109	7,070	83,500	SH		DFND	1	83,500	0	0
3M CO	COM	88579Y101	5,026	28,700	SH		DFND	1	28,700	0	0
US BANCORP DEL	COM NEW	902973304	2,662	66,000	SH		DFND	1	66,000	0	0
UNION PAC CORP	COM	907818108	5,087	58,300	SH		DFND	1	58,300	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	15,540	278,300	SH		DFND	1	278,300	0	0
WAL-MART STORES INC	COM	931142103	7,156	98,000	SH		DFND	1	98,000	0	0
WASTE MGMT INC DEL	COM	94106L109	3,327	50,200	SH		DFND	1	50,200	0	0
WELLS FARGO & CO NEW	COM	949746101	5,680	120,000	SH		DFND	1	120,000	0	0
XCEL ENERGY INC	COM	98389B100	6,050	135,100	SH		DFND	1	135,100	0	0