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 |
AGNC Investment Corp | Common Equities | 00123Q104 | 512 | 39,094 | SH | | SOLE | | 39,094 | 0 | 0 |
AT&T Inc | Common Equities | 00206R102 | 12,790 | 541,300 | SH | | SOLE | | 541,300 | 0 | 0 |
Adobe Systems Inc | Common Equities | 00724F101 | 7,194 | 15,790 | SH | | SOLE | | 15,790 | 0 | 0 |
Airbnb Inc | Common Equities | 009066101 | 10,143 | 59,058 | SH | | SOLE | | 59,058 | 0 | 0 |
Alexandria Real Estate Equities Inc | Common Equities | 015271109 | 2,899 | 14,409 | SH | | SOLE | | 14,409 | 0 | 0 |
Alphabet Inc | Common Equities | 02079K305 | 31,765 | 11,421 | SH | | SOLE | | 11,421 | 0 | 0 |
Amazon.com Inc | Common Equities | 023135106 | 22,271 | 6,832 | SH | | SOLE | | 6,832 | 0 | 0 |
Ameren Corp | Common Equities | 023608102 | 2,259 | 24,100 | SH | | SOLE | | 24,100 | 0 | 0 |
American Campus Communities Inc | Common Equities | 024835100 | 3,617 | 64,629 | SH | | SOLE | | 64,629 | 0 | 0 |
American Electric Power Co Inc | Common Equities | 025537101 | 4,798 | 48,100 | SH | | SOLE | | 48,100 | 0 | 0 |
American Homes 4 Rent | Common Equities | 02665T306 | 1,214 | 30,335 | SH | | SOLE | | 30,335 | 0 | 0 |
American Tower Corp | Common Equities | 03027X100 | 18,933 | 75,365 | SH | | SOLE | | 75,365 | 0 | 0 |
American Water Works Co Inc | Common Equities | 030420103 | 2,797 | 16,900 | SH | | SOLE | | 16,900 | 0 | 0 |
Americold Realty Trust | Common Equities | 03064D108 | 710 | 25,485 | SH | | SOLE | | 25,485 | 0 | 0 |
Annaly Capital Management Inc | Common Equities | 035710409 | 756 | 107,458 | SH | | SOLE | | 107,458 | 0 | 0 |
Apartment Income REIT Corp | Common Equities | 03750L109 | 896 | 16,763 | SH | | SOLE | | 16,763 | 0 | 0 |
Apple Inc | Common Equities | 037833100 | 49,923 | 285,914 | SH | | SOLE | | 285,914 | 0 | 0 |
AvalonBay Communities Inc | Common Equities | 053484101 | 4,885 | 19,670 | SH | | SOLE | | 19,670 | 0 | 0 |
Blackstone Mortgage Trust Inc | Common Equities | 09257W100 | 370 | 11,663 | SH | | SOLE | | 11,663 | 0 | 0 |
Boston Properties Inc | Common Equities | 101121101 | 2,121 | 16,472 | SH | | SOLE | | 16,472 | 0 | 0 |
Boston Scientific Corp | Common Equities | 101137107 | 9,827 | 221,882 | SH | | SOLE | | 221,882 | 0 | 0 |
Brixmor Property Group Inc | Common Equities | 11120U105 | 876 | 33,953 | SH | | SOLE | | 33,953 | 0 | 0 |
Broadcom Inc | Common Equities | 11135F101 | 4,108 | 6,525 | SH | | SOLE | | 6,525 | 0 | 0 |
CSX Corp | Common Equities | 126408103 | 2,660 | 71,040 | SH | | SOLE | | 71,040 | 0 | 0 |
Camden Property Trust | Common Equities | 133131102 | 3,337 | 20,079 | SH | | SOLE | | 20,079 | 0 | 0 |
Chevron Corp | Common Equities | 166764100 | 10,627 | 65,265 | SH | | SOLE | | 65,265 | 0 | 0 |
Chubb Ltd | Common Equities | H1467J104 | 43,010 | 201,078 | SH | | SOLE | | 201,078 | 0 | 0 |
Cisco Systems Inc | Common Equities | 17275R102 | 12,656 | 226,976 | SH | | SOLE | | 226,976 | 0 | 0 |
CoStar Group Inc | Common Equities | 22160N109 | 1,956 | 29,371 | SH | | SOLE | | 29,371 | 0 | 0 |
Comcast Corp | Common Equities | 20030N101 | 2,095 | 44,757 | SH | | SOLE | | 44,757 | 0 | 0 |
Consolidated Edison Inc | Common Equities | 209115104 | 2,963 | 31,300 | SH | | SOLE | | 31,300 | 0 | 0 |
Consumer Staples Select Sector SPDR Fund | Exchange Traded Fund | 81369Y308 | 10,981 | 144,700 | SH | | SOLE | | 144,700 | 0 | 0 |
Crown Castle International Corp | Common Equities | 22822V101 | 15,369 | 83,257 | SH | | SOLE | | 83,257 | 0 | 0 |
CubeSmart | Common Equities | 229663109 | 1,124 | 21,619 | SH | | SOLE | | 21,619 | 0 | 0 |
DTE Energy Co | Common Equities | 233331107 | 2,406 | 18,200 | SH | | SOLE | | 18,200 | 0 | 0 |
Digital Realty Trust Inc | Common Equities | 253868103 | 30,094 | 212,232 | SH | | SOLE | | 212,232 | 0 | 0 |
Dominion Energy Inc | Common Equities | 25746U109 | 17,981 | 211,625 | SH | | SOLE | | 211,625 | 0 | 0 |
Douglas Emmett Inc | Common Equities | 25960P109 | 2,269 | 67,918 | SH | | SOLE | | 67,918 | 0 | 0 |
Duke Energy Corp | Common Equities | 26441C204 | 21,264 | 190,440 | SH | | SOLE | | 190,440 | 0 | 0 |
Duke Realty Corp | Common Equities | 264411505 | 2,138 | 36,838 | SH | | SOLE | | 36,838 | 0 | 0 |
EastGroup Properties Inc | Common Equities | 277276101 | 791 | 3,892 | SH | | SOLE | | 3,892 | 0 | 0 |
Edison International | Common Equities | 281020107 | 2,551 | 36,400 | SH | | SOLE | | 36,400 | 0 | 0 |
Edwards Lifesciences Corp | Common Equities | 28176E108 | 10,103 | 85,826 | SH | | SOLE | | 85,826 | 0 | 0 |
Entergy Corp | Common Equities | 29364G103 | 2,171 | 18,600 | SH | | SOLE | | 18,600 | 0 | 0 |
Equinix Inc | Common Equities | 29444U700 | 8,365 | 11,280 | SH | | SOLE | | 11,280 | 0 | 0 |
Equity LifeStyle Properties Inc | Common Equities | 29472R108 | 2,219 | 29,015 | SH | | SOLE | | 29,015 | 0 | 0 |
Equity Residential | Common Equities | 29476L107 | 4,255 | 47,328 | SH | | SOLE | | 47,328 | 0 | 0 |
Essex Property Trust Inc | Common Equities | 297178105 | 2,394 | 6,931 | SH | | SOLE | | 6,931 | 0 | 0 |
Eversource Energy | Common Equities | 30040W108 | 2,769 | 31,400 | SH | | SOLE | | 31,400 | 0 | 0 |
Exelon Corp | Common Equities | 30161N101 | 4,586 | 96,300 | SH | | SOLE | | 96,300 | 0 | 0 |
Extra Space Storage Inc | Common Equities | 30225T102 | 2,743 | 13,345 | SH | | SOLE | | 13,345 | 0 | 0 |
Exxon Mobil Corp | Common Equities | 30231G102 | 14,109 | 170,833 | SH | | SOLE | | 170,833 | 0 | 0 |
Meta Platforms Inc | Common Equities | 30303M102 | 5,686 | 25,574 | SH | | SOLE | | 25,574 | 0 | 0 |
Federal Realty Investment Trust | Common Equities | 313747206 | 939 | 7,695 | SH | | SOLE | | 7,695 | 0 | 0 |
First Industrial Realty Trust Inc | Common Equities | 32054K103 | 828 | 13,381 | SH | | SOLE | | 13,381 | 0 | 0 |
FirstEnergy Corp | Common Equities | 337932107 | 2,380 | 51,900 | SH | | SOLE | | 51,900 | 0 | 0 |
Fortis Inc/Canada | Common Equities | 349553107 | 2,222 | 44,900 | SH | | SOLE | | 44,900 | 0 | 0 |
Gaming and Leisure Properties Inc | Common Equities | 36467J108 | 1,195 | 25,475 | SH | | SOLE | | 25,475 | 0 | 0 |
Generac Holdings Inc | Common Equities | 368736104 | 4,125 | 13,880 | SH | | SOLE | | 13,880 | 0 | 0 |
Health Care Select Sector SPDR Fund | Exchange Traded Fund | 81369Y209 | 14,342 | 104,700 | SH | | SOLE | | 104,700 | 0 | 0 |
Healthcare Trust of America Inc | Common Equities | 42225P501 | 750 | 23,952 | SH | | SOLE | | 23,952 | 0 | 0 |
Healthpeak Properties Inc | Common Equities | 42250P103 | 1,969 | 57,384 | SH | | SOLE | | 57,384 | 0 | 0 |
Honeywell International Inc | Common Equities | 438516106 | 14,657 | 75,330 | SH | | SOLE | | 75,330 | 0 | 0 |
Host Hotels & Resorts Inc | Common Equities | 44107P104 | 1,715 | 88,301 | SH | | SOLE | | 88,301 | 0 | 0 |
Intuitive Surgical Inc | Common Equities | 46120E602 | 7,653 | 25,370 | SH | | SOLE | | 25,370 | 0 | 0 |
Invesco DB Commodity Index Tracking Fund | Exchange Traded Fund | 46138B103 | 54,481 | 2,090,600 | SH | | SOLE | | 2,090,600 | 0 | 0 |
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | Exchange Traded Fund | 46090F100 | 53,867 | 3,053,700 | SH | | SOLE | | 3,053,700 | 0 | 0 |
Invesco S&P 500 Low Volatility ETF | Exchange Traded Fund | 46138E354 | 8,345 | 124,400 | SH | | SOLE | | 124,400 | 0 | 0 |
Invesco S&P 500 Pure Growth ETF | Exchange Traded Fund | 46137V266 | 15,419 | 83,900 | SH | | SOLE | | 83,900 | 0 | 0 |
Invesco S&P 500 Pure Value ETF | Exchange Traded Fund | 46137V258 | 17,720 | 206,900 | SH | | SOLE | | 206,900 | 0 | 0 |
Invitation Homes Inc | Common Equities | 46187W107 | 2,368 | 58,954 | SH | | SOLE | | 58,954 | 0 | 0 |
Iron Mountain Inc | Common Equities | 46284V101 | 1,697 | 30,628 | SH | | SOLE | | 30,628 | 0 | 0 |
JPMorgan Chase & Co | Common Equities | 46625H100 | 19,586 | 143,680 | SH | | SOLE | | 143,680 | 0 | 0 |
Kilroy Realty Corp | Common Equities | 49427F108 | 923 | 12,082 | SH | | SOLE | | 12,082 | 0 | 0 |
Kimco Realty Corp | Common Equities | 49446R109 | 1,633 | 66,143 | SH | | SOLE | | 66,143 | 0 | 0 |
L3Harris Technologies Inc | Common Equities | 502431109 | 7,886 | 31,740 | SH | | SOLE | | 31,740 | 0 | 0 |
Lamar Advertising Co | Common Equities | 512816109 | 1,134 | 9,768 | SH | | SOLE | | 9,768 | 0 | 0 |
Life Storage Inc | Common Equities | 53223X107 | 1,084 | 7,722 | SH | | SOLE | | 7,722 | 0 | 0 |
Linde PLC | Common Equities | G5494J103 | 12,117 | 37,935 | SH | | SOLE | | 37,935 | 0 | 0 |
MGM Growth Properties LLC | Common Equities | 55303A105 | 1,075 | 27,800 | SH | | SOLE | | 27,800 | 0 | 0 |
Marriott International Inc/MD | Common Equities | 571903202 | 14,873 | 84,630 | SH | | SOLE | | 84,630 | 0 | 0 |
Martin Marietta Materials Inc | Common Equities | 573284106 | 2,151 | 5,590 | SH | | SOLE | | 5,590 | 0 | 0 |
Mastercard Inc | Common Equities | 57636Q104 | 5,872 | 16,432 | SH | | SOLE | | 16,432 | 0 | 0 |
Medical Properties Trust Inc | Common Equities | 58463J304 | 1,307 | 61,828 | SH | | SOLE | | 61,828 | 0 | 0 |
Microsoft Corp | Common Equities | 594918104 | 41,480 | 134,540 | SH | | SOLE | | 134,540 | 0 | 0 |
Mid-America Apartment Communities Inc | Common Equities | 59522J103 | 2,373 | 11,331 | SH | | SOLE | | 11,331 | 0 | 0 |
NVIDIA Corp | Common Equities | 67066G104 | 18,167 | 66,580 | SH | | SOLE | | 66,580 | 0 | 0 |
National Retail Properties Inc | Common Equities | 637417106 | 2,900 | 64,538 | SH | | SOLE | | 64,538 | 0 | 0 |
New Residential Investment Corp | Common Equities | 64828T201 | 379 | 34,606 | SH | | SOLE | | 34,606 | 0 | 0 |
NextEra Energy Inc | Common Equities | 65339F101 | 15,171 | 179,100 | SH | | SOLE | | 179,100 | 0 | 0 |
Omega Healthcare Investors Inc | Common Equities | 681936100 | 826 | 26,528 | SH | | SOLE | | 26,528 | 0 | 0 |
Oracle Corp | Common Equities | 68389X105 | 7,284 | 88,047 | SH | | SOLE | | 88,047 | 0 | 0 |
PG&E Corp | Common Equities | 69331C108 | 1,768 | 148,100 | SH | | SOLE | | 148,100 | 0 | 0 |
PPL Corp | Common Equities | 69351T106 | 2,139 | 74,900 | SH | | SOLE | | 74,900 | 0 | 0 |
PepsiCo Inc | Common Equities | 713448108 | 10,282 | 61,430 | SH | | SOLE | | 61,430 | 0 | 0 |
Procter & Gamble Co/The | Common Equities | 742718109 | 15,258 | 99,862 | SH | | SOLE | | 99,862 | 0 | 0 |
Prologis Inc | Common Equities | 74340W103 | 15,165 | 93,916 | SH | | SOLE | | 93,916 | 0 | 0 |
Public Service Enterprise Group Inc | Common Equities | 744573106 | 3,332 | 47,600 | SH | | SOLE | | 47,600 | 0 | 0 |
Public Storage | Common Equities | 74460D109 | 8,757 | 22,440 | SH | | SOLE | | 22,440 | 0 | 0 |
Realty Income Corp | Common Equities | 756109104 | 5,498 | 79,345 | SH | | SOLE | | 79,345 | 0 | 0 |
Regency Centers Corp | Common Equities | 758849103 | 1,231 | 17,260 | SH | | SOLE | | 17,260 | 0 | 0 |
Rexford Industrial Realty Inc | Common Equities | 76169C100 | 1,001 | 13,428 | SH | | SOLE | | 13,428 | 0 | 0 |
Rogers Communications Inc | Common Equities | 775109200 | 1,348 | 23,800 | SH | | SOLE | | 23,800 | 0 | 0 |
SBA Communications Corp | Common Equities | 78410G104 | 3,800 | 11,046 | SH | | SOLE | | 11,046 | 0 | 0 |
SL Green Realty Corp | Common Equities | 78440X804 | 1,217 | 14,999 | SH | | SOLE | | 14,999 | 0 | 0 |
SPDR Portfolio Long Term Treasury ETF | Exchange Traded Fund | 78464A664 | 15,506 | 410,000 | SH | | SOLE | | 410,000 | 0 | 0 |
SPDR S&P 500 ETF Trust | Exchange Traded Fund | 78462F103 | 65,487 | 145,000 | SH | | SOLE | | 145,000 | 0 | 0 |
STAG Industrial Inc | Common Equities | 85254J102 | 670 | 16,227 | SH | | SOLE | | 16,227 | 0 | 0 |
STORE Capital Corp | Common Equities | 862121100 | 781 | 26,752 | SH | | SOLE | | 26,752 | 0 | 0 |
Sempra Energy | Common Equities | 816851109 | 5,110 | 30,400 | SH | | SOLE | | 30,400 | 0 | 0 |
Simon Property Group Inc | Common Equities | 828806109 | 5,833 | 44,339 | SH | | SOLE | | 44,339 | 0 | 0 |
Southern Co/The | Common Equities | 842587107 | 7,236 | 99,800 | SH | | SOLE | | 99,800 | 0 | 0 |
Starwood Property Trust Inc | Common Equities | 85571B105 | 517 | 21,407 | SH | | SOLE | | 21,407 | 0 | 0 |
Sun Communities Inc | Common Equities | 866674104 | 2,070 | 11,811 | SH | | SOLE | | 11,811 | 0 | 0 |
T-Mobile US Inc | Common Equities | 872590104 | 5,134 | 40,000 | SH | | SOLE | | 40,000 | 0 | 0 |
Texas Instruments Inc | Common Equities | 882508104 | 17,659 | 96,250 | SH | | SOLE | | 96,250 | 0 | 0 |
Thermo Fisher Scientific Inc | Common Equities | 883556102 | 21,494 | 36,392 | SH | | SOLE | | 36,392 | 0 | 0 |
Truist Financial Corp | Equity | 89832Q109 | 5,852 | 103,220 | SH | | SOLE | | 103,220 | 0 | 0 |
UDR Inc | Common Equities | 902653104 | 1,730 | 30,160 | SH | | SOLE | | 30,160 | 0 | 0 |
United Parcel Service Inc | Common Equities | 911312106 | 15,125 | 70,526 | SH | | SOLE | | 70,526 | 0 | 0 |
UnitedHealth Group Inc | Common Equities | 91324P102 | 22,671 | 44,457 | SH | | SOLE | | 44,457 | 0 | 0 |
Utilities Select Sector SPDR Fund | Exchange Traded Fund | 81369Y886 | 11,894 | 159,750 | SH | | SOLE | | 159,750 | 0 | 0 |
VICI Properties Inc | Common Equities | 925652109 | 2,007 | 70,523 | SH | | SOLE | | 70,523 | 0 | 0 |
Vanguard FTSE Developed Markets ETF | Exchange Traded Fund | 921943858 | 62,439 | 1,300,000 | SH | | SOLE | | 1,300,000 | 0 | 0 |
Vanguard Long-Term Corporate Bond ETF | Exchange Traded Fund | 92206C813 | 8,430 | 90,000 | SH | | SOLE | | 90,000 | 0 | 0 |
Vanguard Long-Term Treasury ETF | Exchange Traded Fund | 92206C847 | 59,897 | 745,000 | SH | | SOLE | | 745,000 | 0 | 0 |
Vanguard Russell 2000 ETF | Exchange Traded Fund | 92206C664 | 11,599 | 140,000 | SH | | SOLE | | 140,000 | 0 | 0 |
Vanguard S&P 500 ETF | Exchange Traded Fund | 922908363 | 23,664 | 57,000 | SH | | SOLE | | 57,000 | 0 | 0 |
Vanguard S&P Mid-Cap 400 ETF | Exchange Traded Fund | 921932885 | 110,904 | 610,000 | SH | | SOLE | | 610,000 | 0 | 0 |
Vanguard Total Bond Market ETF | Exchange Traded Fund | 921937835 | 148,739 | 1,870,000 | SH | | SOLE | | 1,870,000 | 0 | 0 |
Ventas Inc | Common Equities | 92276F100 | 5,135 | 83,150 | SH | | SOLE | | 83,150 | 0 | 0 |
Verizon Communications Inc | Common Equities | 92343V104 | 33,555 | 658,730 | SH | | SOLE | | 658,730 | 0 | 0 |
Visa Inc | Common Equities | 92826C839 | 7,070 | 31,883 | SH | | SOLE | | 31,883 | 0 | 0 |
Vornado Realty Trust | Common Equities | 929042109 | 885 | 19,545 | SH | | SOLE | | 19,545 | 0 | 0 |
WEC Energy Group Inc | Common Equities | 92939U106 | 2,924 | 29,300 | SH | | SOLE | | 29,300 | 0 | 0 |
WP Carey Inc | Common Equities | 92936U109 | 1,520 | 18,805 | SH | | SOLE | | 18,805 | 0 | 0 |
Walmart Inc | Common Equities | 931142103 | 14,732 | 98,930 | SH | | SOLE | | 98,930 | 0 | 0 |
Walt Disney Co/The | Common Equities | 254687106 | 6,878 | 50,151 | SH | | SOLE | | 50,151 | 0 | 0 |
Welltower Inc | Common Equities | 95040Q104 | 4,625 | 48,113 | SH | | SOLE | | 48,113 | 0 | 0 |
Weyerhaeuser Co | Common Equities | 962166104 | 2,889 | 76,250 | SH | | SOLE | | 76,250 | 0 | 0 |
Xcel Energy Inc | Common Equities | 98389B100 | 3,637 | 50,400 | SH | | SOLE | | 50,400 | 0 | 0 |
Zoetis Inc | Common Equities | 98978V103 | 7,215 | 38,260 | SH | | SOLE | | 38,260 | 0 | 0 |
iShares Broad USD High Yield Corporate Bond ETF | Exchange Traded Fund | 46435U853 | 5,051 | 130,000 | SH | | SOLE | | 130,000 | 0 | 0 |
iShares Core MSCI EAFE ETF | Exchange Traded Fund | 46432F842 | 60,501 | 870,400 | SH | | SOLE | | 870,400 | 0 | 0 |
iShares Core MSCI Emerging Markets ETF | Exchange Traded Fund | 46434G103 | 97,429 | 1,753,900 | SH | | SOLE | | 1,753,900 | 0 | 0 |
iShares Core S&P Mid-Cap ETF | Exchange Traded Fund | 464287507 | 5,568 | 20,750 | SH | | SOLE | | 20,750 | 0 | 0 |
iShares Core S&P Small-Cap ETF | Exchange Traded Fund | 464287804 | 4,638 | 43,000 | SH | | SOLE | | 43,000 | 0 | 0 |
iShares Core U.S. Aggregate Bond ETF | Exchange Traded Fund | 464287226 | 5,890 | 55,000 | SH | | SOLE | | 55,000 | 0 | 0 |
iShares MSCI Canada ETF | Exchange Traded Fund | 464286509 | 15,384 | 382,600 | SH | | SOLE | | 382,600 | 0 | 0 |
iShares MSCI USA Min Vol Factor ETF | Exchange Traded Fund | 46429B697 | 8,144 | 105,000 | SH | | SOLE | | 105,000 | 0 | 0 |
salesforce.com Inc | Common Equities | 79466L302 | 13,463 | 63,410 | SH | | SOLE | | 63,410 | 0 | 0 |