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 | 292 | 26,384 | SH | | SOLE | | 26,384 | 0 | 0 |
AT&T Inc | Common Equities | 00206R102 | 7,908 | 377,300 | SH | | SOLE | | 377,300 | 0 | 0 |
Adobe Systems Inc | Common Equities | 00724F101 | 2,485 | 6,790 | SH | | SOLE | | 6,790 | 0 | 0 |
Airbnb Inc | Common Equities | 009066101 | 5,260 | 59,058 | SH | | SOLE | | 59,058 | 0 | 0 |
Alexandria Real Estate Equities Inc | Common Equities | 015271109 | 1,548 | 10,679 | SH | | SOLE | | 10,679 | 0 | 0 |
Alphabet Inc | Common Equities | 02079K305 | 16,660 | 7,645 | SH | | SOLE | | 7,645 | 0 | 0 |
Amazon.com Inc | Common Equities | 023135106 | 16,562 | 155,940 | SH | | SOLE | | 155,940 | 0 | 0 |
Ameren Corp | Common Equities | 023608102 | 1,581 | 17,500 | SH | | SOLE | | 17,500 | 0 | 0 |
American Campus Communities Inc | Common Equities | 024835100 | 2,311 | 35,859 | SH | | SOLE | | 35,859 | 0 | 0 |
American Electric Power Co Inc | Common Equities | 025537101 | 3,338 | 34,800 | SH | | SOLE | | 34,800 | 0 | 0 |
American Homes 4 Rent | Common Equities | 02665T306 | 795 | 22,435 | SH | | SOLE | | 22,435 | 0 | 0 |
American Tower Corp | Common Equities | 03027X100 | 17,785 | 69,585 | SH | | SOLE | | 69,585 | 0 | 0 |
American Water Works Co Inc | Common Equities | 030420103 | 1,829 | 12,300 | SH | | SOLE | | 12,300 | 0 | 0 |
Americold Realty Trust | Common Equities | 03064D108 | 566 | 18,865 | SH | | SOLE | | 18,865 | 0 | 0 |
Annaly Capital Management Inc | Common Equities | 035710409 | 428 | 72,458 | SH | | SOLE | | 72,458 | 0 | 0 |
Apartment Income REIT Corp | Common Equities | 03750L109 | 514 | 12,363 | SH | | SOLE | | 12,363 | 0 | 0 |
Apple Inc | Common Equities | 037833100 | 32,260 | 235,960 | SH | | SOLE | | 235,960 | 0 | 0 |
AvalonBay Communities Inc | Common Equities | 053484101 | 3,071 | 15,810 | SH | | SOLE | | 15,810 | 0 | 0 |
Blackstone Mortgage Trust Inc | Common Equities | 09257W100 | 217 | 7,853 | SH | | SOLE | | 7,853 | 0 | 0 |
Boston Properties Inc | Common Equities | 101121101 | 1,085 | 12,202 | SH | | SOLE | | 12,202 | 0 | 0 |
Boston Scientific Corp | Common Equities | 101137107 | 7,755 | 208,102 | SH | | SOLE | | 208,102 | 0 | 0 |
Brixmor Property Group Inc | Common Equities | 11120U105 | 506 | 25,073 | SH | | SOLE | | 25,073 | 0 | 0 |
Broadcom Inc | Common Equities | 11135F101 | 3,041 | 6,260 | SH | | SOLE | | 6,260 | 0 | 0 |
CME Group Inc | Common Equities | 12572Q105 | 5,342 | 26,100 | SH | | SOLE | | 26,100 | 0 | 0 |
CSX Corp | Common Equities | 126408103 | 1,961 | 67,490 | SH | | SOLE | | 67,490 | 0 | 0 |
Camden Property Trust | Common Equities | 133131102 | 2,077 | 15,449 | SH | | SOLE | | 15,449 | 0 | 0 |
Chevron Corp | Common Equities | 166764100 | 8,836 | 61,035 | SH | | SOLE | | 61,035 | 0 | 0 |
Chubb Ltd | Common Equities | H1467J104 | 21,871 | 111,260 | SH | | SOLE | | 111,260 | 0 | 0 |
Cisco Systems Inc | Common Equities | 17275R102 | 2,582 | 60,576 | SH | | SOLE | | 60,576 | 0 | 0 |
CoStar Group Inc | Common Equities | 22160N109 | 1,194 | 19,771 | SH | | SOLE | | 19,771 | 0 | 0 |
Comcast Corp | Common Equities | 20030N101 | 1,631 | 41,587 | SH | | SOLE | | 41,587 | 0 | 0 |
Consolidated Edison Inc | Common Equities | 209115104 | 2,158 | 22,700 | SH | | SOLE | | 22,700 | 0 | 0 |
Consumer Staples Select Sector SPDR Fund | Exchange Traded Fund | 81369Y308 | 10,444 | 144,700 | SH | | SOLE | | 144,700 | 0 | 0 |
Crown Castle International Corp | Common Equities | 22822V101 | 13,728 | 81,535 | SH | | SOLE | | 81,535 | 0 | 0 |
CubeSmart | Common Equities | 229663109 | 684 | 16,019 | SH | | SOLE | | 16,019 | 0 | 0 |
DTE Energy Co | Common Equities | 233331107 | 1,673 | 13,200 | SH | | SOLE | | 13,200 | 0 | 0 |
Digital Realty Trust Inc | Common Equities | 253868103 | 20,949 | 161,362 | SH | | SOLE | | 161,362 | 0 | 0 |
Dominion Energy Inc | Common Equities | 25746U109 | 14,531 | 182,075 | SH | | SOLE | | 182,075 | 0 | 0 |
Douglas Emmett Inc | Common Equities | 25960P109 | 714 | 31,918 | SH | | SOLE | | 31,918 | 0 | 0 |
Duke Energy Corp | Common Equities | 26441C204 | 17,468 | 162,940 | SH | | SOLE | | 162,940 | 0 | 0 |
Duke Realty Corp | Common Equities | 264411505 | 1,498 | 27,278 | SH | | SOLE | | 27,278 | 0 | 0 |
EastGroup Properties Inc | Common Equities | 277276101 | 441 | 2,862 | SH | | SOLE | | 2,862 | 0 | 0 |
Edison International | Common Equities | 281020107 | 1,663 | 26,300 | SH | | SOLE | | 26,300 | 0 | 0 |
Edwards Lifesciences Corp | Common Equities | 28176E108 | 3,205 | 33,710 | SH | | SOLE | | 33,710 | 0 | 0 |
Entergy Corp | Common Equities | 29364G103 | 1,520 | 13,500 | SH | | SOLE | | 13,500 | 0 | 0 |
Equinix Inc | Common Equities | 29444U700 | 7,148 | 10,880 | SH | | SOLE | | 10,880 | 0 | 0 |
Equity LifeStyle Properties Inc | Common Equities | 29472R108 | 1,694 | 24,045 | SH | | SOLE | | 24,045 | 0 | 0 |
Equity Residential | Common Equities | 29476L107 | 3,076 | 42,598 | SH | | SOLE | | 42,598 | 0 | 0 |
Essex Property Trust Inc | Common Equities | 297178105 | 1,336 | 5,111 | SH | | SOLE | | 5,111 | 0 | 0 |
Eversource Energy | Common Equities | 30040W108 | 1,925 | 22,800 | SH | | SOLE | | 22,800 | 0 | 0 |
Exelon Corp | Common Equities | 30161N101 | 3,158 | 69,700 | SH | | SOLE | | 69,700 | 0 | 0 |
Extra Space Storage Inc | Common Equities | 30225T102 | 1,681 | 9,885 | SH | | SOLE | | 9,885 | 0 | 0 |
Exxon Mobil Corp | Common Equities | 30231G102 | 13,706 | 160,053 | SH | | SOLE | | 160,053 | 0 | 0 |
Meta Platforms Inc | Common Equities | 30303M102 | 3,867 | 23,984 | SH | | SOLE | | 23,984 | 0 | 0 |
Federal Realty Investment Trust | Common Equities | 313745101 | 542 | 5,665 | SH | | SOLE | | 5,665 | 0 | 0 |
First Industrial Realty Trust Inc | Common Equities | 32054K103 | 470 | 9,911 | SH | | SOLE | | 9,911 | 0 | 0 |
FirstEnergy Corp | Common Equities | 337932107 | 1,447 | 37,700 | SH | | SOLE | | 37,700 | 0 | 0 |
Fortis Inc | Common Equities | 349553107 | 1,533 | 32,500 | SH | | SOLE | | 32,500 | 0 | 0 |
Gaming and Leisure Properties Inc | Common Equities | 36467J108 | 864 | 18,855 | SH | | SOLE | | 18,855 | 0 | 0 |
Hartford Financial Services Group Inc | Common Equities | 416515104 | 14,516 | 221,870 | SH | | SOLE | | 221,870 | 0 | 0 |
Health Care Select Sector SPDR Fund | Exchange Traded Fund | 81369Y209 | 13,426 | 104,700 | SH | | SOLE | | 104,700 | 0 | 0 |
Healthcare Trust of America Inc | Common Equities | 42225P501 | 493 | 17,682 | SH | | SOLE | | 17,682 | 0 | 0 |
Healthpeak Properties Inc | Common Equities | 42250P103 | 1,099 | 42,424 | SH | | SOLE | | 42,424 | 0 | 0 |
Honeywell International Inc | Common Equities | 438516106 | 12,239 | 70,420 | SH | | SOLE | | 70,420 | 0 | 0 |
Host Hotels & Resorts Inc | Common Equities | 44107P104 | 1,729 | 110,321 | SH | | SOLE | | 110,321 | 0 | 0 |
Invesco DB Commodity Index Tracking Fund | Exchange Traded Fund | 46138B103 | 55,693 | 2,090,600 | SH | | SOLE | | 2,090,600 | 0 | 0 |
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | Exchange Traded Fund | 46090F100 | 55,088 | 3,053,700 | SH | | SOLE | | 3,053,700 | 0 | 0 |
Invesco S&P 500 Low Volatility ETF | Exchange Traded Fund | 46138E354 | 7,712 | 124,400 | SH | | SOLE | | 124,400 | 0 | 0 |
Invesco S&P 500 Pure Growth ETF | Exchange Traded Fund | 46137V266 | 12,386 | 83,900 | SH | | SOLE | | 83,900 | 0 | 0 |
Invesco S&P 500 Pure Value ETF | Exchange Traded Fund | 46137V258 | 15,536 | 206,900 | SH | | SOLE | | 206,900 | 0 | 0 |
Invitation Homes Inc | Common Equities | 46187W107 | 1,552 | 43,624 | SH | | SOLE | | 43,624 | 0 | 0 |
Iron Mountain Inc | Common Equities | 46284V101 | 1,104 | 22,678 | SH | | SOLE | | 22,678 | 0 | 0 |
JPMorgan Chase & Co | Common Equities | 46625H100 | 15,839 | 140,660 | SH | | SOLE | | 140,660 | 0 | 0 |
Johnson & Johnson | Common Equities | 478160104 | 22,582 | 127,220 | SH | | SOLE | | 127,220 | 0 | 0 |
Kilroy Realty Corp | Common Equities | 49427F108 | 467 | 8,932 | SH | | SOLE | | 8,932 | 0 | 0 |
Kimco Realty Corp | Common Equities | 49446R109 | 967 | 48,943 | SH | | SOLE | | 48,943 | 0 | 0 |
L3Harris Technologies Inc | Common Equities | 502431109 | 8,135 | 33,660 | SH | | SOLE | | 33,660 | 0 | 0 |
Lamar Advertising Co | Common Equities | 512816109 | 633 | 7,198 | SH | | SOLE | | 7,198 | 0 | 0 |
Life Storage Inc | Common Equities | 53223X107 | 634 | 5,682 | SH | | SOLE | | 5,682 | 0 | 0 |
Linde PLC | Common Equities | G5494J103 | 12,644 | 43,975 | SH | | SOLE | | 43,975 | 0 | 0 |
Marriott International Inc | Common Equities | 571903202 | 6,558 | 48,220 | SH | | SOLE | | 48,220 | 0 | 0 |
Martin Marietta Materials Inc | Common Equities | 573284106 | 1,568 | 5,240 | SH | | SOLE | | 5,240 | 0 | 0 |
Mastercard Inc | Common Equities | 57636Q104 | 8,338 | 26,432 | SH | | SOLE | | 26,432 | 0 | 0 |
Medical Properties Trust Inc | Common Equities | 58463J304 | 698 | 45,738 | SH | | SOLE | | 45,738 | 0 | 0 |
Microsoft Corp | Common Equities | 594918104 | 27,326 | 106,400 | SH | | SOLE | | 106,400 | 0 | 0 |
Mid-America Apartment Communities Inc | Common Equities | 59522J103 | 1,465 | 8,391 | SH | | SOLE | | 8,391 | 0 | 0 |
NVIDIA Corp | Common Equities | 67066G104 | 5,866 | 38,700 | SH | | SOLE | | 38,700 | 0 | 0 |
National Retail Properties Inc | Common Equities | 637417106 | 2,557 | 59,478 | SH | | SOLE | | 59,478 | 0 | 0 |
New Residential Investment Corp | Common Equities | 64828T201 | 217 | 23,336 | SH | | SOLE | | 23,336 | 0 | 0 |
NextEra Energy Inc | Common Equities | 65339F101 | 10,054 | 129,800 | SH | | SOLE | | 129,800 | 0 | 0 |
Omega Healthcare Investors Inc | Common Equities | 681936100 | 553 | 19,638 | SH | | SOLE | | 19,638 | 0 | 0 |
Oracle Corp | Common Equities | 68389X105 | 5,782 | 82,757 | SH | | SOLE | | 82,757 | 0 | 0 |
PG&E Corp | Common Equities | 69331C108 | 1,071 | 107,400 | SH | | SOLE | | 107,400 | 0 | 0 |
PPL Corp | Common Equities | 69351T106 | 1,470 | 54,200 | SH | | SOLE | | 54,200 | 0 | 0 |
PepsiCo Inc | Common Equities | 713448108 | 9,629 | 57,780 | SH | | SOLE | | 57,780 | 0 | 0 |
Procter & Gamble Co | Common Equities | 742718109 | 13,456 | 93,582 | SH | | SOLE | | 93,582 | 0 | 0 |
Prologis Inc | Common Equities | 74340W103 | 7,256 | 61,676 | SH | | SOLE | | 61,676 | 0 | 0 |
Public Service Enterprise Group Inc | Common Equities | 744573106 | 2,183 | 34,500 | SH | | SOLE | | 34,500 | 0 | 0 |
Public Storage | Common Equities | 74460D109 | 6,234 | 19,940 | SH | | SOLE | | 19,940 | 0 | 0 |
Realty Income Corp | Common Equities | 756109104 | 5,293 | 77,555 | SH | | SOLE | | 77,555 | 0 | 0 |
Regency Centers Corp | Common Equities | 758849103 | 757 | 12,770 | SH | | SOLE | | 12,770 | 0 | 0 |
Rexford Industrial Realty Inc | Common Equities | 76169C100 | 573 | 9,958 | SH | | SOLE | | 9,958 | 0 | 0 |
Rogers Communications Inc | Common Equities | 775109200 | 793 | 16,600 | SH | | SOLE | | 16,600 | 0 | 0 |
SBA Communications Corp | Common Equities | 78410G104 | 2,613 | 8,166 | SH | | SOLE | | 8,166 | 0 | 0 |
SL Green Realty Corp | Common Equities | 78440X887 | 230 | 5,000 | SH | | SOLE | | 5,000 | 0 | 0 |
SPDR Portfolio Long Term Treasury ETF | Exchange Traded Fund | 78464A664 | 13,558 | 410,000 | SH | | SOLE | | 410,000 | 0 | 0 |
SPDR S&P 500 ETF Trust | Exchange Traded Fund | 78462F103 | 54,701 | 145,000 | SH | | SOLE | | 145,000 | 0 | 0 |
STAG Industrial Inc | Common Equities | 85254J102 | 370 | 11,997 | SH | | SOLE | | 11,997 | 0 | 0 |
STORE Capital Corp | Common Equities | 862121100 | 516 | 19,822 | SH | | SOLE | | 19,822 | 0 | 0 |
Sempra Energy | Common Equities | 816851109 | 3,305 | 22,000 | SH | | SOLE | | 22,000 | 0 | 0 |
Simon Property Group Inc | Common Equities | 828806109 | 3,234 | 34,079 | SH | | SOLE | | 34,079 | 0 | 0 |
Southern Co | Common Equities | 842587107 | 5,148 | 72,200 | SH | | SOLE | | 72,200 | 0 | 0 |
Starwood Property Trust Inc | Common Equities | 85571B105 | 300 | 14,407 | SH | | SOLE | | 14,407 | 0 | 0 |
Sun Communities Inc | Common Equities | 866674104 | 1,386 | 8,701 | SH | | SOLE | | 8,701 | 0 | 0 |
T-Mobile US Inc | Common Equities | 872590104 | 3,753 | 27,900 | SH | | SOLE | | 27,900 | 0 | 0 |
Texas Instruments Inc | Common Equities | 882508104 | 12,110 | 78,820 | SH | | SOLE | | 78,820 | 0 | 0 |
Thermo Fisher Scientific Inc | Common Equities | 883556102 | 12,739 | 23,450 | SH | | SOLE | | 23,450 | 0 | 0 |
UDR Inc | Common Equities | 902653104 | 1,026 | 22,290 | SH | | SOLE | | 22,290 | 0 | 0 |
United Parcel Service Inc | Common Equities | 911312106 | 11,983 | 65,646 | SH | | SOLE | | 65,646 | 0 | 0 |
UnitedHealth Group Inc | Common Equities | 91324P102 | 22,664 | 44,127 | SH | | SOLE | | 44,127 | 0 | 0 |
Utilities Select Sector SPDR Fund | Exchange Traded Fund | 81369Y886 | 11,203 | 159,750 | SH | | SOLE | | 159,750 | 0 | 0 |
VICI Properties Inc | Common Equities | 925652109 | 2,388 | 80,162 | SH | | SOLE | | 80,162 | 0 | 0 |
Vanguard FTSE Developed Markets ETF | Exchange Traded Fund | 921943858 | 53,040 | 1,300,000 | SH | | SOLE | | 1,300,000 | 0 | 0 |
Vanguard Long-Term Corporate Bond ETF | Exchange Traded Fund | 92206C813 | 2,838 | 35,000 | SH | | SOLE | | 35,000 | 0 | 0 |
Vanguard Long-Term Treasury ETF | Exchange Traded Fund | 92206C847 | 52,269 | 745,000 | SH | | SOLE | | 745,000 | 0 | 0 |
Vanguard Russell 2000 ETF | Exchange Traded Fund | 92206C664 | 9,571 | 140,000 | SH | | SOLE | | 140,000 | 0 | 0 |
Vanguard S&P 500 ETF | Exchange Traded Fund | 922908363 | 19,772 | 57,000 | SH | | SOLE | | 57,000 | 0 | 0 |
Vanguard S&P Mid-Cap 400 ETF | Exchange Traded Fund | 921932885 | 93,409 | 610,000 | SH | | SOLE | | 610,000 | 0 | 0 |
Vanguard Total Bond Market ETF | Exchange Traded Fund | 921937835 | 140,736 | 1,870,000 | SH | | SOLE | | 1,870,000 | 0 | 0 |
Ventas Inc | Common Equities | 92276F100 | 2,858 | 55,580 | SH | | SOLE | | 55,580 | 0 | 0 |
Verizon Communications Inc | Common Equities | 92343V104 | 35,513 | 699,780 | SH | | SOLE | | 699,780 | 0 | 0 |
Visa Inc | Common Equities | 92826C839 | 9,421 | 47,853 | SH | | SOLE | | 47,853 | 0 | 0 |
Vornado Realty Trust | Common Equities | 929042109 | 414 | 14,485 | SH | | SOLE | | 14,485 | 0 | 0 |
WEC Energy Group Inc | Common Equities | 92939U106 | 2,133 | 21,200 | SH | | SOLE | | 21,200 | 0 | 0 |
WP Carey Inc | Common Equities | 92936U109 | 1,149 | 13,875 | SH | | SOLE | | 13,875 | 0 | 0 |
Walmart Inc | Common Equities | 931142103 | 16,210 | 133,330 | SH | | SOLE | | 133,330 | 0 | 0 |
Walt Disney Co | Common Equities | 254687106 | 4,441 | 47,051 | SH | | SOLE | | 47,051 | 0 | 0 |
Welltower Inc | Common Equities | 95040Q104 | 2,927 | 35,553 | SH | | SOLE | | 35,553 | 0 | 0 |
Weyerhaeuser Co | Common Equities | 962166104 | 1,868 | 56,420 | SH | | SOLE | | 56,420 | 0 | 0 |
Xcel Energy Inc | Common Equities | 98389B100 | 2,589 | 36,600 | SH | | SOLE | | 36,600 | 0 | 0 |
iShares Broad USD High Yield Corporate Bond ETF | Exchange Traded Fund | 46435U853 | 4,500 | 130,000 | SH | | SOLE | | 130,000 | 0 | 0 |
iShares Core MSCI EAFE ETF | Exchange Traded Fund | 46432F842 | 51,223 | 870,400 | SH | | SOLE | | 870,400 | 0 | 0 |
iShares Core MSCI Emerging Markets ETF | Exchange Traded Fund | 46434G103 | 84,574 | 1,723,900 | SH | | SOLE | | 1,723,900 | 0 | 0 |
iShares Core S&P Mid-Cap ETF | Exchange Traded Fund | 464287507 | 4,694 | 20,750 | SH | | SOLE | | 20,750 | 0 | 0 |
iShares Core S&P Small-Cap ETF | Exchange Traded Fund | 464287804 | 3,973 | 43,000 | SH | | SOLE | | 43,000 | 0 | 0 |
iShares Core U.S. Aggregate Bond ETF | Exchange Traded Fund | 464287226 | 5,592 | 55,000 | SH | | SOLE | | 55,000 | 0 | 0 |
iShares MSCI Canada ETF | Exchange Traded Fund | 464286509 | 12,885 | 382,600 | SH | | SOLE | | 382,600 | 0 | 0 |
iShares MSCI USA Min Vol Factor ETF | Exchange Traded Fund | 46429B697 | 7,372 | 105,000 | SH | | SOLE | | 105,000 | 0 | 0 |
salesforce.com Inc | Common Equities | 79466L302 | 2,216 | 13,430 | SH | | SOLE | | 13,430 | 0 | 0 |