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

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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
ISHARES TR	IBOXX HI YD ETF	464288513	282,264	3,234,750	SH		SOLE		3,234,750	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	1,602,727	13,011,259	SH		SOLE		13,011,259	0	0
NUSHARES ETF TR	ENHANCED YIELD	67092P102	25,166	998,240	SH		SOLE		998,240	0	0
TORONTO DOMINION BK ONT	NOTE 3.625% 9/1	891160MJ9	20,851	20,775,000	PRN		SOLE		20,775,000	0	0
AKAMAI TECHNOLOGIES INC	COM	00971T101	21,151	399,143	SH		SOLE		399,143	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	17,343	473,724	SH		SOLE		473,724	0	0
CALPINE CORP	COM NEW	131347304	28,165	2,228,216	SH		SOLE		2,228,216	0	0
CHARTER COMMUNICATIONS INC N	CL A	16119P108	8,485	31,431	SH		SOLE		31,431	0	0
FEDERAL MOGUL HOLDINGS CORP	COM	313549404	20,354	2,118,016	SH		SOLE		2,118,016	0	0
GCP APPLIED TECHNOLOGIES INC	COM	36164Y101	5,977	211,063	SH		SOLE		211,063	0	0
GRACE W R & CO DEL NEW	COM	38388F108	15,576	211,063	SH		SOLE		211,063	0	0
INFRAREIT INC	COM	45685L100	101,153	5,576,235	SH		SOLE		5,576,235	0	0
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	19,440	419,142	SH		SOLE		419,142	0	0
TRIBUNE MEDIA CO	CL A	896047503	7,282	199,400	SH		SOLE		199,400	0	0
TRONOX LTD	SHS CL A	Q9235V101	2,330	248,690	SH		SOLE		248,690	0	0
INVESTORS REAL ESTATE TR	SH BEN INT	461730103	813	136,573	SH		SOLE		136,573	0	0
EQUITY ONE	COM	294752100	3,037	99,201	SH		SOLE		99,201	0	0
ACADIA RLTY TR	COM SH BEN INT	004239109	3,100	85,537	SH		SOLE		85,537	0	0
AGREE REALTY CORP	COM	008492100	1,178	23,830	SH		SOLE		23,830	0	0
MONMOUTH REAL ESTATE INVT CO	CL A	609720107	973	68,156	SH		SOLE		68,156	0	0
ONE LIBERTY PPTYS INC	COM	682406103	372	15,418	SH		SOLE		15,418	0	0
RAMCO-GERSHENSON PPTYS TR	COM SH BEN INT	751452202	1,590	84,869	SH		SOLE		84,869	0	0
UMH PPTYS INC	COM	903002103	317	26,623	SH		SOLE		26,623	0	0
UNIVERSAL HEALTH RLTY INCM T	SH BEN INT	91359E105	899	14,263	SH		SOLE		14,263	0	0
URSTADT BIDDLE PPTYS INC	CL A	917286205	710	31,959	SH		SOLE		31,959	0	0
CORPORATE OFFICE PPTYS TR	SH BEN INT	22002T108	2,870	101,220	SH		SOLE		101,220	0	0
VENTAS INC	COM	92276F100	26,148	370,213	SH		SOLE		370,213	0	0
SENIOR HSG PPTYS TR	SH BEN INT	81721M109	5,770	254,052	SH		SOLE		254,052	0	0
GETTY RLTY CORP NEW	COM	374297109	631	26,359	SH		SOLE		26,359	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	2,898	185,512	SH		SOLE		185,512	0	0
FELCOR LODGING TR INC	COM	31430F101	958	148,991	SH		SOLE		148,991	0	0
HOSPITALITY PPTYS TR	COM SH BEN INT	44106M102	5,115	172,107	SH		SOLE		172,107	0	0
LASALLE HOTEL PPTYS	COM SH BEN INT	517942108	2,885	120,865	SH		SOLE		120,865	0	0
LEXINGTON REALTY TRUST	COM	529043101	2,642	256,516	SH		SOLE		256,516	0	0
MACK CALI RLTY CORP	COM	554489104	2,595	95,318	SH		SOLE		95,318	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	7,489	79,675	SH		SOLE		79,675	0	0
REALTY INCOME CORP	COM	756109104	18,230	272,373	SH		SOLE		272,373	0	0
SAUL CTRS INC	COM	804395101	1,003	15,057	SH		SOLE		15,057	0	0
SUN CMNTYS INC	COM	866674104	5,045	64,283	SH		SOLE		64,283	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	3,995	102,551	SH		SOLE		102,551	0	0
RAYONIER INC	COM	754907103	3,477	131,013	SH		SOLE		131,013	0	0
ALEXANDERS INC	COM	014752109	916	2,183	SH		SOLE		2,183	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	8,975	82,515	SH		SOLE		82,515	0	0
APARTMENT INVT & MGMT CO	CL A	03748R101	7,668	167,020	SH		SOLE		167,020	0	0
CBL & ASSOC PPTYS INC	COM	124830100	2,144	176,571	SH		SOLE		176,571	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	7,741	92,438	SH		SOLE		92,438	0	0
COUSINS PPTYS INC	COM	222795106	2,315	221,763	SH		SOLE		221,763	0	0
EASTGROUP PPTY INC	COM	277276101	2,564	34,861	SH		SOLE		34,861	0	0
ESSEX PPTY TR INC	COM	297178105	15,477	69,499	SH		SOLE		69,499	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	11,537	74,952	SH		SOLE		74,952	0	0
FIRST INDUSTRIAL REALTY TRUS	COM	32054K103	3,523	124,852	SH		SOLE		124,852	0	0
HEALTHCARE RLTY TR	COM	421946104	4,155	121,992	SH		SOLE		121,992	0	0
HIGHWOODS PPTYS INC	COM	431284108	5,427	104,134	SH		SOLE		104,134	0	0
KILROY RLTY CORP	COM	49427F108	6,772	97,644	SH		SOLE		97,644	0	0
LTC PPTYS INC	COM	502175102	2,097	40,342	SH		SOLE		40,342	0	0
LIBERTY PPTY TR	SH BEN INT	531172104	6,382	158,161	SH		SOLE		158,161	0	0
MACERICH CO	COM	554382101	12,297	152,056	SH		SOLE		152,056	0	0
NATIONAL HEALTH INVS INC	COM	63633D104	2,944	37,511	SH		SOLE		37,511	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	6,464	182,355	SH		SOLE		182,355	0	0
PS BUSINESS PKS INC CALIF	COM	69360J107	2,461	21,667	SH		SOLE		21,667	0	0
PARKWAY PPTYS INC	COM	70159Q104	1,431	84,119	SH		SOLE		84,119	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	1,609	69,866	SH		SOLE		69,866	0	0
TAUBMAN CTRS INC	COM	876664103	4,798	64,475	SH		SOLE		64,475	0	0
WASHINGTON REAL ESTATE INVT	SH BEN INT	939653101	2,444	78,539	SH		SOLE		78,539	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	4,740	121,612	SH		SOLE		121,612	0	0
KIMCO RLTY CORP	COM	49446R109	12,851	443,907	SH		SOLE		443,907	0	0
VORNADO RLTY TR	SH BEN INT	929042109	18,149	179,319	SH		SOLE		179,319	0	0
AVALONBAY CMNTYS INC	COM	053484101	25,772	144,914	SH		SOLE		144,914	0	0
BOSTON PROPERTIES INC	COM	101121101	22,124	162,333	SH		SOLE		162,333	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	24,543	381,517	SH		SOLE		381,517	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	12,322	791,374	SH		SOLE		791,374	0	0
POST PPTYS INC	COM	737464107	3,786	57,250	SH		SOLE		57,250	0	0
SL GREEN RLTY CORP	COM	78440X101	11,399	105,452	SH		SOLE		105,452	0	0
DUKE REALTY CORP	COM NEW	264411505	10,085	369,002	SH		SOLE		369,002	0	0
PUBLIC STORAGE	COM	74460D109	34,239	153,440	SH		SOLE		153,440	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	68,794	332,324	SH		SOLE		332,324	0	0
WEYERHAEUSER CO	COM	962166104	25,244	790,365	SH		SOLE		790,365	0	0
REGENCY CTRS CORP	COM	758849103	8,560	110,472	SH		SOLE		110,472	0	0
CORRECTIONS CORP AMER NEW	COM NEW	22025Y407	1,626	117,214	SH		SOLE		117,214	0	0
GLADSTONE COML CORP	COM	376536108	433	23,254	SH		SOLE		23,254	0	0
ASHFORD HOSPITALITY TR INC	COM SHS	044103109	536	91,011	SH		SOLE		91,011	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	120,960	1,500,000	SH		SOLE		1,500,000	0	0
FIRST POTOMAC RLTY TR	COM	33610F109	567	61,948	SH		SOLE		61,948	0	0
CEDAR REALTY TRUST INC	COM NEW	150602209	663	92,124	SH		SOLE		92,124	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	9,930	125,053	SH		SOLE		125,053	0	0
AMERICAN CAMPUS CMNTYS INC	COM	024835100	7,003	137,664	SH		SOLE		137,664	0	0
SUNSTONE HOTEL INVS INC NEW	COM	867892101	2,974	232,529	SH		SOLE		232,529	0	0
DIGITAL RLTY TR INC	COM	253868103	16,356	168,414	SH		SOLE		168,414	0	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	6,288	81,468	SH		SOLE		81,468	0	0
DIAMONDROCK HOSPITALITY CO	COM	252784301	1,948	214,042	SH		SOLE		214,042	0	0
MEDICAL PPTYS TRUST INC	COM	58463J304	3,773	255,456	SH		SOLE		255,456	0	0
FRANKLIN STREET PPTYS CORP	COM	35471R106	1,338	106,210	SH		SOLE		106,210	0	0
POTLATCH CORP NEW	COM	737630103	1,582	40,691	SH		SOLE		40,691	0	0
NATIONAL RETAIL PPTYS INC	COM	637417106	7,826	153,902	SH		SOLE		153,902	0	0
DOUGLAS EMMETT INC	COM	25960P109	5,366	146,504	SH		SOLE		146,504	0	0
UDR INC	COM	902653104	10,175	282,721	SH		SOLE		282,721	0	0
HCP INC	COM	40414L109	18,678	492,165	SH		SOLE		492,165	0	0
DUPONT FABROS TECHNOLOGY INC	COM	26613Q106	3,244	78,643	SH		SOLE		78,643	0	0
GOVERNMENT PPTYS INCOME TR	COM SHS BEN INT	38376A103	1,737	76,778	SH		SOLE		76,778	0	0
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	2,519	114,731	SH		SOLE		114,731	0	0
PEBBLEBROOK HOTEL TR	COM	70509V100	2,034	76,448	SH		SOLE		76,448	0	0
CHESAPEAKE LODGING TR	SH BEN INT	165240102	1,484	64,801	SH		SOLE		64,801	0	0
PIEDMONT OFFICE REALTY TR IN	COM CL A	720190206	3,382	155,362	SH		SOLE		155,362	0	0
TERRENO RLTY CORP	COM	88146M101	1,278	46,459	SH		SOLE		46,459	0	0
CHATHAM LODGING TR	COM	16208T102	773	40,150	SH		SOLE		40,150	0	0
HUDSON PAC PPTYS INC	COM	444097109	3,799	115,567	SH		SOLE		115,567	0	0
CORESITE RLTY CORP	COM	21870Q105	2,649	35,782	SH		SOLE		35,782	0	0
WHITESTONE REIT	COM	966084204	383	27,622	SH		SOLE		27,622	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	1,772	70,355	SH		SOLE		70,355	0	0
GENERAL GROWTH PPTYS INC NEW	COM	370023103	14,706	532,810	SH		SOLE		532,810	0	0
AMERICAN ASSETS TR INC	COM	024013104	1,820	41,950	SH		SOLE		41,950	0	0
SUMMIT HOTEL PPTYS	COM	866082100	1,208	91,828	SH		SOLE		91,828	0	0
PREFERRED APT CMNTYS INC	COM	74039L103	323	23,945	SH		SOLE		23,945	0	0
STAG INDL INC	COM	85254J102	1,810	73,832	SH		SOLE		73,832	0	0
RLJ LODGING TR	COM	74965L101	2,820	134,105	SH		SOLE		134,105	0	0
PROLOGIS INC	COM	74340W103	29,668	554,123	SH		SOLE		554,123	0	0
DDR CORP	COM	23317H102	5,731	328,803	SH		SOLE		328,803	0	0
CUBESMART	COM	229663109	5,118	187,733	SH		SOLE		187,733	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	50,656	446,977	SH		SOLE		446,977	0	0
SELECT INCOME REIT	COM SH BEN INT	81618T100	1,978	73,541	SH		SOLE		73,541	0	0
RETAIL PPTYS AMER INC	CL A	76131V202	4,256	253,341	SH		SOLE		253,341	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	2,483	51,555	SH		SOLE		51,555	0	0
W P CAREY INC	COM	92936U109	6,159	95,448	SH		SOLE		95,448	0	0
EPR PPTYS	COM SH BEN INT	26884U109	5,240	66,550	SH		SOLE		66,550	0	0
SILVER BAY RLTY TR CORP	COM	82735Q102	645	36,820	SH		SOLE		36,820	0	0
CYRUSONE INC	COM	23283R100	3,854	81,020	SH		SOLE		81,020	0	0
ARMADA HOFFLER PPTYS INC	COM	04208T108	465	34,711	SH		SOLE		34,711	0	0
SPIRIT RLTY CAP INC NEW	COM	84860W102	6,562	492,268	SH		SOLE		492,268	0	0
REXFORD INDL RLTY INC	COM	76169C100	1,562	68,247	SH		SOLE		68,247	0	0
PHYSICIANS RLTY TR	COM	71943U104	3,135	145,526	SH		SOLE		145,526	0	0
AMERICAN HOMES 4 RENT	CL A	02665T306	5,112	236,229	SH		SOLE		236,229	0	0
INDEPENDENCE RLTY TR INC	COM	45378A106	292	32,461	SH		SOLE		32,461	0	0
EMPIRE ST RLTY TR INC	CL A	292104106	2,706	129,176	SH		SOLE		129,176	0	0
QTS RLTY TR INC	COM CL A	74736A103	2,519	47,656	SH		SOLE		47,656	0	0
COLUMBIA PPTY TR INC	COM NEW	198287203	2,962	132,277	SH		SOLE		132,277	0	0
GAMING & LEISURE PPTYS INC	COM	36467J108	7,264	217,163	SH		SOLE		217,163	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	8,916	320,818	SH		SOLE		320,818	0	0
ASHFORD HOSPITALITY PRIME IN	COM	044102101	414	29,357	SH		SOLE		29,357	0	0
CATCHMARK TIMBER TR INC	CL A	14912Y202	546	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	1,628	177,920	SH		SOLE		177,920	0	0
CARETRUST REIT INC	COM	14174T107	814	55,061	SH		SOLE		55,061	0	0
GEO GROUP INC NEW	COM	36162J106	1,791	75,332	SH		SOLE		75,332	0	0
EQUITY COMWLTH	COM SH BEN INT	294628102	4,087	135,252	SH		SOLE		135,252	0	0
KITE RLTY GROUP TR	COM NEW	49803T300	2,411	86,962	SH		SOLE		86,962	0	0
NEW SR INVT GROUP INC	COM	648691103	951	82,418	SH		SOLE		82,418	0	0
DCT INDUSTRIAL TRUST INC	COM NEW	233153204	4,664	96,068	SH		SOLE		96,068	0	0
STORE CAP CORP	COM	862121100	4,689	159,121	SH		SOLE		159,121	0	0
LAMAR ADVERTISING CO NEW	CL A	512816109	5,761	88,213	SH		SOLE		88,213	0	0
PARAMOUNT GROUP INC	COM	69924R108	2,562	156,333	SH		SOLE		156,333	0	0
OUTFRONT MEDIA INC	COM	69007J106	3,454	146,055	SH		SOLE		146,055	0	0
MONOGRAM RESIDENTIAL TR INC	COM	60979P105	1,908	179,363	SH		SOLE		179,363	0	0
EDUCATION RLTY TR INC	COM NEW	28140H203	3,327	77,121	SH		SOLE		77,121	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	33,640	357,078	SH		SOLE		357,078	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	4,723	144,774	SH		SOLE		144,774	0	0
URBAN EDGE PPTYS	COM	91704F104	2,685	95,413	SH		SOLE		95,413	0	0
IRON MTN INC NEW	COM	46284V101	9,511	253,437	SH		SOLE		253,437	0	0
EQUINIX INC	COM PAR $0.001	29444U700	27,070	75,143	SH		SOLE		75,143	0	0
XENIA HOTELS & RESORTS INC	COM	984017103	1,768	116,457	SH		SOLE		116,457	0	0
EASTERLY GOVT PPTYS INC	COM	27616P103	647	33,927	SH		SOLE		33,927	0	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	361	18,365	SH		SOLE		18,365	0	0
COMMUNICATIONS SALES&LEAS IN	COM	20341J104	5,051	160,804	SH		SOLE		160,804	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	747	35,677	SH		SOLE		35,677	0	0
APPLE HOSPITALITY REIT INC	COM NEW	03784Y200	3,303	178,441	SH		SOLE		178,441	0	0
COMMUNITY HEALTHCARE TR INC	COM	20369C106	290	13,231	SH		SOLE		13,231	0	0
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	730	40,500	SH		SOLE		40,500	0	0
TIER REIT INC	COM NEW	88650V208	805	52,125	SH		SOLE		52,125	0	0
VEREIT INC	COM	92339V100	10,585	1,020,727	SH		SOLE		1,020,727	0	0
CARE CAP PPTYS INC	COM	141624106	2,562	89,888	SH		SOLE		89,888	0	0
WELLTOWER INC	COM	95040Q104	28,091	375,697	SH		SOLE		375,697	0	0
NORTHSTAR REALTY EUROPE CORP	COM	66706L101	716	65,380	SH		SOLE		65,380	0	0
NORTHSTAR RLTY FIN CORP	COM	66704R803	2,500	189,799	SH		SOLE		189,799	0	0
FOUR CORNERS PPTY TR INC	COM	35086T109	1,359	63,718	SH		SOLE		63,718	0	0
CORENERGY INFRASTRUCTURE TR	COM NEW	21870U502	372	12,695	SH		SOLE		12,695	0	0
GRAMERCY PPTY TR	COM	385002100	4,264	442,358	SH		SOLE		442,358	0	0
FOREST CITY RLTY TR INC	COM CL A	345605109	5,758	248,957	SH		SOLE		248,957	0	0
COLONY STARWOOD HOMES	COM	19625X102	1,531	53,362	SH		SOLE		53,362	0	0
GLOBAL MED REIT INC	COM NEW	37954A204	140	14,323	SH		SOLE		14,323	0	0
LIFE STORAGE INC	COM	53223X107	4,321	48,588	SH		SOLE		48,588	0	0
WASHINGTON PRIME GROUP NEW	COM	93964W108	2,413	194,951	SH		SOLE		194,951	0	0
RSP PERMIAN INC	COM	74978Q105	258,989	6,680,135	SH		SOLE		6,680,135	0	0
TRIANGLE PETE CORP	COM NEW	89600B201	3,178	11,350,000	SH		SOLE		11,350,000	0	0
CRESCENT PT ENERGY CORP	COM	22576C101	92,010	6,977,609	SH		SOLE		6,977,609	0	0
ROYAL BK SCOTLAND GROUP PLC	NOTE 8.625%12/3	780097BB6	222	225,000	PRN		SOLE		225,000	0	0
ING GROEP N V	DBCV 6.000%12/3	456837AE3	292	300,000	PRN		SOLE		300,000	0	0
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	2,214	95,397	SH		SOLE		95,397	0	0
APPLE INC	COM	037833100	8,727	77,200	SH		SOLE		77,200	0	0
GENERAL ELECTRIC CO	COM	369604103	7,977	269,300	SH		SOLE		269,300	0	0
JOHNSON & JOHNSON	COM	478160104	11,352	96,100	SH		SOLE		96,100	0	0
COCA COLA CO	COM	191216100	5,324	125,800	SH		SOLE		125,800	0	0
PEPSICO INC	COM	713448108	5,591	51,400	SH		SOLE		51,400	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	14,466	278,300	SH		SOLE		278,300	0	0
UNION PAC CORP	COM	907818108	5,686	58,300	SH		SOLE		58,300	0	0
PROCTER AND GAMBLE CO	COM	742718109	7,494	83,500	SH		SOLE		83,500	0	0
PFIZER INC	COM	717081103	7,878	232,600	SH		SOLE		232,600	0	0
KIMBERLY CLARK CORP	COM	494368103	3,998	31,697	SH		SOLE		31,697	0	0
METLIFE INC	COM	59156R108	3,821	86,000	SH		SOLE		86,000	0	0
US BANCORP DEL	COM NEW	902973304	2,831	66,000	SH		SOLE		66,000	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	4,973	68,200	SH		SOLE		68,200	0	0
WASTE MGMT INC DEL	COM	94106L109	3,201	50,200	SH		SOLE		50,200	0	0
ANALOG DEVICES INC	COM	032654105	3,203	49,700	SH		SOLE		49,700	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	2,957	24,200	SH		SOLE		24,200	0	0
MERCK & CO INC	COM	58933Y105	3,901	62,500	SH		SOLE		62,500	0	0
BB&T CORP	COM	054937107	2,229	59,100	SH		SOLE		59,100	0	0
ALTRIA GROUP INC	COM	02209S103	4,312	68,200	SH		SOLE		68,200	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	3,307	35,100	SH		SOLE		35,100	0	0
BCE INC	PUT	05534B950	4,343	94,200	SH		SOLE		94,200	0	0
AMERICAN ELEC PWR INC	COM	025537101	4,392	68,400	SH		SOLE		68,400	0	0
CISCO SYS INC	COM	17275R102	5,754	181,400	SH		SOLE		181,400	0	0
MICROSOFT CORP	COM	594918104	6,031	104,700	SH		SOLE		104,700	0	0
WAL-MART STORES INC	COM	931142103	7,068	98,000	SH		SOLE		98,000	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	4,781	30,100	SH		SOLE		30,100	0	0
XCEL ENERGY INC	COM	98389B100	5,558	135,100	SH		SOLE		135,100	0	0
CHUBB LIMITED	COM	H1467J104	4,297	34,200	SH		SOLE		34,200	0	0
MATTEL INC	COM	577081102	3,809	125,800	SH		SOLE		125,800	0	0
CHEVRON CORP NEW	COM	166764100	8,738	84,900	SH		SOLE		84,900	0	0
GAMING & LEISURE PPTYS INC	COM	36467J108	2,582	77,188	SH		SOLE		77,188	0	0
PPL CORP	COM	69351T106	3,976	115,000	SH		SOLE		115,000	0	0
WELLS FARGO & CO NEW	COM	949746101	5,314	120,000	SH		SOLE		120,000	0	0
DOW CHEM CO	COM	260543103	5,002	96,500	SH		SOLE		96,500	0	0
GENERAL MLS INC	COM	370334104	4,146	64,900	SH		SOLE		64,900	0	0
MAXIM INTEGRATED PRODS INC	COM	57772K101	3,302	82,700	SH		SOLE		82,700	0	0
CA INC	COM	12673P105	4,290	129,700	SH		SOLE		129,700	0	0
DOMINION RES INC VA NEW	COM	25746U109	5,132	69,100	SH		SOLE		69,100	0	0
EXXON MOBIL CORP	COM	30231G102	8,702	99,700	SH		SOLE		99,700	0	0
ABBOTT LABS	COM	002824100	4,610	109,000	SH		SOLE		109,000	0	0
MCDONALDS CORP	COM	580135101	4,787	41,500	SH		SOLE		41,500	0	0
3M CO	COM	88579Y101	5,058	28,700	SH		SOLE		28,700	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	6,475	80,900	SH		SOLE		80,900	0	0
KRAFT HEINZ CO	COM	500754106	6,051	67,600	SH		SOLE		67,600	0	0
APPLE INC	COM	037833100	8,727	77,200	SH		DFND	1	77,200	0	0
GENERAL ELECTRIC CO	COM	369604103	7,977	269,300	SH		DFND	1	269,300	0	0
JOHNSON & JOHNSON	COM	478160104	11,352	96,100	SH		DFND	1	96,100	0	0
COCA COLA CO	COM	191216100	5,324	125,800	SH		DFND	1	125,800	0	0
PEPSICO INC	COM	713448108	5,591	51,400	SH		DFND	1	51,400	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	14,466	278,300	SH		DFND	1	278,300	0	0
UNION PAC CORP	COM	907818108	5,686	58,300	SH		DFND	1	58,300	0	0
PROCTER AND GAMBLE CO	COM	742718109	7,494	83,500	SH		DFND	1	83,500	0	0
PFIZER INC	COM	717081103	7,878	232,600	SH		DFND	1	232,600	0	0
KIMBERLY CLARK CORP	COM	494368103	3,998	31,697	SH		DFND	1	31,697	0	0
METLIFE INC	COM	59156R108	3,821	86,000	SH		DFND	1	86,000	0	0
US BANCORP DEL	COM NEW	902973304	2,831	66,000	SH		DFND	1	66,000	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	4,973	68,200	SH		DFND	1	68,200	0	0
WASTE MGMT INC DEL	COM	94106L109	3,201	50,200	SH		DFND	1	50,200	0	0
ANALOG DEVICES INC	COM	032654105	3,203	49,700	SH		DFND	1	49,700	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	2,957	24,200	SH		DFND	1	24,200	0	0
MERCK & CO INC	COM	58933Y105	3,901	62,500	SH		DFND	1	62,500	0	0
BB&T CORP	COM	054937107	2,229	59,100	SH		DFND	1	59,100	0	0
ALTRIA GROUP INC	COM	02209S103	4,312	68,200	SH		DFND	1	68,200	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	3,307	35,100	SH		DFND	1	35,100	0	0
BCE INC	PUT	05534B950	4,343	94,200	SH		DFND	1	94,200	0	0
AMERICAN ELEC PWR INC	COM	025537101	4,392	68,400	SH		DFND	1	68,400	0	0
CISCO SYS INC	COM	17275R102	5,754	181,400	SH		DFND	1	181,400	0	0
MICROSOFT CORP	COM	594918104	6,031	104,700	SH		DFND	1	104,700	0	0
WAL-MART STORES INC	COM	931142103	7,068	98,000	SH		DFND	1	98,000	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	4,781	30,100	SH		DFND	1	30,100	0	0
XCEL ENERGY INC	COM	98389B100	5,558	135,100	SH		DFND	1	135,100	0	0
CHUBB LIMITED	COM	H1467J104	4,297	34,200	SH		DFND	1	34,200	0	0
MATTEL INC	COM	577081102	3,809	125,800	SH		DFND	1	125,800	0	0
CHEVRON CORP NEW	COM	166764100	8,738	84,900	SH		DFND	1	84,900	0	0
GAMING & LEISURE PPTYS INC	COM	36467J108	2,582	77,188	SH		DFND	1	77,188	0	0
PPL CORP	COM	69351T106	3,976	115,000	SH		DFND	1	115,000	0	0
WELLS FARGO & CO NEW	COM	949746101	5,314	120,000	SH		DFND	1	120,000	0	0
DOW CHEM CO	COM	260543103	5,002	96,500	SH		DFND	1	96,500	0	0
GENERAL MLS INC	COM	370334104	4,146	64,900	SH		DFND	1	64,900	0	0
MAXIM INTEGRATED PRODS INC	COM	57772K101	3,302	82,700	SH		DFND	1	82,700	0	0
CA INC	COM	12673P105	4,290	129,700	SH		DFND	1	129,700	0	0
DOMINION RES INC VA NEW	COM	25746U109	5,132	69,100	SH		DFND	1	69,100	0	0
EXXON MOBIL CORP	COM	30231G102	8,702	99,700	SH		DFND	1	99,700	0	0
ABBOTT LABS	COM	002824100	4,610	109,000	SH		DFND	1	109,000	0	0
MCDONALDS CORP	COM	580135101	4,787	41,500	SH		DFND	1	41,500	0	0
3M CO	COM	88579Y101	5,058	28,700	SH		DFND	1	28,700	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	6,475	80,900	SH		DFND	1	80,900	0	0
KRAFT HEINZ CO	COM	500754106	6,051	67,600	SH		DFND	1	67,600	0	0