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 |
Adobe Systems Inc | Common Equities | 00724F101 | 3,189 | 11,590 | SH | | SOLE | | 11,590 | 0 | 0 |
AGNC Investment Corp | Common Equities | 00123Q104 | 169 | 20,184 | SH | | SOLE | | 20,184 | 0 | 0 |
Alexandria Real Estate Equities Inc | Common Equities | 015271109 | 1,286 | 9,179 | SH | | SOLE | | 9,179 | 0 | 0 |
Alphabet Inc | Common Equities | 02079K305 | 14,409 | 150,652 | SH | | SOLE | | 150,652 | 0 | 0 |
Amazon.com Inc | Common Equities | 023135106 | 24,819 | 219,640 | SH | | SOLE | | 219,640 | 0 | 0 |
Ameren Corp | Common Equities | 023608102 | 1,176 | 14,600 | SH | | SOLE | | 14,600 | 0 | 0 |
American Electric Power Co Inc | Common Equities | 025537101 | 2,515 | 29,100 | SH | | SOLE | | 29,100 | 0 | 0 |
American Homes 4 Rent | Common Equities | 02665T306 | 634 | 19,335 | SH | | SOLE | | 19,335 | 0 | 0 |
American Tower Corp | Common Equities | 03027X100 | 11,032 | 51,385 | SH | | SOLE | | 51,385 | 0 | 0 |
American Water Works Co Inc | Common Equities | 030420103 | 1,327 | 10,200 | SH | | SOLE | | 10,200 | 0 | 0 |
Americold Realty Trust | Common Equities | 03064D108 | 397 | 16,165 | SH | | SOLE | | 16,165 | 0 | 0 |
Annaly Capital Management Inc | Common Equities | 035710839 | 237 | 13,864 | SH | | SOLE | | 13,864 | 0 | 0 |
Apartment Income REIT Corp | Common Equities | 03750L109 | 411 | 10,663 | SH | | SOLE | | 10,663 | 0 | 0 |
Apple Inc | Common Equities | 037833100 | 62,474 | 452,060 | SH | | SOLE | | 452,060 | 0 | 0 |
AT&T Inc | Common Equities | 00206R102 | 2,870 | 187,100 | SH | | SOLE | | 187,100 | 0 | 0 |
AvalonBay Communities Inc | Common Equities | 053484101 | 1,714 | 9,310 | SH | | SOLE | | 9,310 | 0 | 0 |
Boston Properties Inc | Common Equities | 101121101 | 787 | 10,502 | SH | | SOLE | | 10,502 | 0 | 0 |
Boston Scientific Corp | Common Equities | 101137107 | 8,059 | 208,102 | SH | | SOLE | | 208,102 | 0 | 0 |
Brixmor Property Group Inc | Common Equities | 11120U105 | 396 | 21,473 | SH | | SOLE | | 21,473 | 0 | 0 |
Broadcom Inc | Common Equities | 11135F101 | 2,779 | 6,260 | SH | | SOLE | | 6,260 | 0 | 0 |
Camden Property Trust | Common Equities | 133131102 | 758 | 6,349 | SH | | SOLE | | 6,349 | 0 | 0 |
Chevron Corp | Common Equities | 166764100 | 10,536 | 73,335 | SH | | SOLE | | 73,335 | 0 | 0 |
Chubb Ltd | Common Equities | H1467J104 | 16,507 | 90,760 | SH | | SOLE | | 90,760 | 0 | 0 |
Cisco Systems Inc | Common Equities | 17275R102 | 5,940 | 148,506 | SH | | SOLE | | 148,506 | 0 | 0 |
CME Group Inc | Common Equities | 12572Q105 | 2,036 | 11,500 | SH | | SOLE | | 11,500 | 0 | 0 |
Comcast Corp | Common Equities | 20030N101 | 1,219 | 41,587 | SH | | SOLE | | 41,587 | 0 | 0 |
Consolidated Edison Inc | Common Equities | 209115104 | 1,620 | 18,900 | SH | | SOLE | | 18,900 | 0 | 0 |
Consumer Staples Select Sector SPDR Fund | Exchange Traded Fund | 81369Y308 | 9,655 | 144,700 | SH | | SOLE | | 144,700 | 0 | 0 |
CoStar Group Inc | Common Equities | 22160N109 | 1,056 | 15,171 | SH | | SOLE | | 15,171 | 0 | 0 |
Crown Castle International Corp | Common Equities | 22822V101 | 8,967 | 62,035 | SH | | SOLE | | 62,035 | 0 | 0 |
CSX Corp | Common Equities | 126408103 | 1,797 | 67,490 | SH | | SOLE | | 67,490 | 0 | 0 |
CubeSmart | Common Equities | 229663109 | 549 | 13,719 | SH | | SOLE | | 13,719 | 0 | 0 |
Digital Realty Trust Inc | Common Equities | 253868103 | 9,567 | 96,462 | SH | | SOLE | | 96,462 | 0 | 0 |
Dominion Energy Inc | Common Equities | 25746U109 | 9,632 | 139,375 | SH | | SOLE | | 139,375 | 0 | 0 |
Douglas Emmett Inc | Common Equities | 25960P109 | 260 | 14,518 | SH | | SOLE | | 14,518 | 0 | 0 |
DTE Energy Co | Common Equities | 233331107 | 1,265 | 11,000 | SH | | SOLE | | 11,000 | 0 | 0 |
Duke Energy Corp | Common Equities | 26441C204 | 12,003 | 129,040 | SH | | SOLE | | 129,040 | 0 | 0 |
Duke Realty Corp | Common Equities | 264411505 | 1,126 | 23,378 | SH | | SOLE | | 23,378 | 0 | 0 |
EastGroup Properties Inc | Common Equities | 277276101 | 355 | 2,462 | SH | | SOLE | | 2,462 | 0 | 0 |
Edison International | Common Equities | 281020107 | 1,244 | 22,000 | SH | | SOLE | | 22,000 | 0 | 0 |
Edwards Lifesciences Corp | Common Equities | 28176E108 | 4,363 | 52,810 | SH | | SOLE | | 52,810 | 0 | 0 |
Entergy Corp | Common Equities | 29364G103 | 1,137 | 11,300 | SH | | SOLE | | 11,300 | 0 | 0 |
Equinix Inc | Common Equities | 29444U700 | 3,344 | 5,880 | SH | | SOLE | | 5,880 | 0 | 0 |
Equity LifeStyle Properties Inc | Common Equities | 29472R108 | 763 | 12,145 | SH | | SOLE | | 12,145 | 0 | 0 |
Equity Residential | Common Equities | 29476L107 | 1,592 | 23,698 | SH | | SOLE | | 23,698 | 0 | 0 |
Essex Property Trust Inc | Common Equities | 297178105 | 1,044 | 4,311 | SH | | SOLE | | 4,311 | 0 | 0 |
Eversource Energy | Common Equities | 30040W108 | 1,481 | 19,000 | SH | | SOLE | | 19,000 | 0 | 0 |
Exelon Corp | Common Equities | 30161N101 | 2,183 | 58,300 | SH | | SOLE | | 58,300 | 0 | 0 |
Extra Space Storage Inc | Common Equities | 30225T102 | 1,465 | 8,485 | SH | | SOLE | | 8,485 | 0 | 0 |
Exxon Mobil Corp | Common Equities | 30231G102 | 15,799 | 180,953 | SH | | SOLE | | 180,953 | 0 | 0 |
Federal Realty Investment Trust | Common Equities | 313745101 | 438 | 4,865 | SH | | SOLE | | 4,865 | 0 | 0 |
Fifth Third Bancorp | Common Equities | 316773100 | 8,357 | 261,500 | SH | | SOLE | | 261,500 | 0 | 0 |
First Industrial Realty Trust Inc | Common Equities | 32054K103 | 381 | 8,511 | SH | | SOLE | | 8,511 | 0 | 0 |
FirstEnergy Corp | Common Equities | 337932107 | 1,165 | 31,500 | SH | | SOLE | | 31,500 | 0 | 0 |
Fortis Inc/Canada | Common Equities | 349553107 | 1,039 | 27,200 | SH | | SOLE | | 27,200 | 0 | 0 |
Gaming and Leisure Properties Inc | Common Equities | 36467J108 | 714 | 16,155 | SH | | SOLE | | 16,155 | 0 | 0 |
Hartford Financial Services Group Inc/The | Common Equities | 416515104 | 10,094 | 162,970 | SH | | SOLE | | 162,970 | 0 | 0 |
Health Care Select Sector SPDR Fund | Exchange Traded Fund | 81369Y209 | 12,680 | 104,700 | SH | | SOLE | | 104,700 | 0 | 0 |
Healthcare Realty Trust | Common Equities | 42226K105 | 316 | 15,182 | SH | | SOLE | | 15,182 | 0 | 0 |
Healthpeak Properties Inc | Common Equities | 42250P103 | 834 | 36,424 | SH | | SOLE | | 36,424 | 0 | 0 |
Honeywell International Inc | Common Equities | 438516106 | 13,394 | 80,220 | SH | | SOLE | | 80,220 | 0 | 0 |
Host Hotels & Resorts Inc | Common Equities | 44107P104 | 889 | 56,021 | SH | | SOLE | | 56,021 | 0 | 0 |
Invesco DB Commodity Index Tracking Fund | Exchange Traded Fund | 46138B103 | 35,709 | 1,493,500 | SH | | SOLE | | 1,493,500 | 0 | 0 |
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | Exchange Traded Fund | 46090F100 | 40,157 | 2,481,900 | SH | | SOLE | | 2,481,900 | 0 | 0 |
Invesco S&P 500 Low Volatility ETF | Exchange Traded Fund | 46138E354 | 11,699 | 202,300 | SH | | SOLE | | 202,300 | 0 | 0 |
Invesco S&P 500 Pure Growth ETF | Exchange Traded Fund | 46137V266 | 12,128 | 83,900 | SH | | SOLE | | 83,900 | 0 | 0 |
Invesco S&P 500 Pure Value ETF | Exchange Traded Fund | 46137V258 | 14,449 | 206,900 | SH | | SOLE | | 206,900 | 0 | 0 |
Invitation Homes Inc | Common Equities | 46187W107 | 1,263 | 37,424 | SH | | SOLE | | 37,424 | 0 | 0 |
Iron Mountain Inc | Common Equities | 46284V101 | 856 | 19,478 | SH | | SOLE | | 19,478 | 0 | 0 |
iShares Core MSCI EAFE ETF | Exchange Traded Fund | 46432F842 | 52,691 | 1,000,400 | SH | | SOLE | | 1,000,400 | 0 | 0 |
iShares Core MSCI Emerging Markets ETF | Exchange Traded Fund | 46434G103 | 77,531 | 1,803,900 | SH | | SOLE | | 1,803,900 | 0 | 0 |
iShares Core S&P Mid-Cap ETF | Exchange Traded Fund | 464287507 | 4,549 | 20,750 | SH | | SOLE | | 20,750 | 0 | 0 |
iShares Core S&P Small-Cap ETF | Exchange Traded Fund | 464287804 | 3,749 | 43,000 | SH | | SOLE | | 43,000 | 0 | 0 |
iShares MSCI Canada ETF | Exchange Traded Fund | 464286509 | 11,768 | 382,600 | SH | | SOLE | | 382,600 | 0 | 0 |
iShares MSCI USA Min Vol Factor ETF | Exchange Traded Fund | 46429B697 | 11,395 | 172,400 | SH | | SOLE | | 172,400 | 0 | 0 |
Johnson & Johnson | Common Equities | 478160104 | 17,237 | 105,520 | SH | | SOLE | | 105,520 | 0 | 0 |
JPMorgan Chase & Co | Common Equities | 46625H100 | 24,616 | 235,560 | SH | | SOLE | | 235,560 | 0 | 0 |
Kilroy Realty Corp | Common Equities | 49427F108 | 321 | 7,632 | SH | | SOLE | | 7,632 | 0 | 0 |
Kimco Realty Corp | Common Equities | 49446R109 | 774 | 42,043 | SH | | SOLE | | 42,043 | 0 | 0 |
L3Harris Technologies Inc | Common Equities | 502431109 | 5,249 | 25,260 | SH | | SOLE | | 25,260 | 0 | 0 |
Lamar Advertising Co | Common Equities | 512816109 | 511 | 6,198 | SH | | SOLE | | 6,198 | 0 | 0 |
Life Storage Inc | Common Equities | 53223X107 | 540 | 4,882 | SH | | SOLE | | 4,882 | 0 | 0 |
Linde PLC | Common Equities | G5494J103 | 11,855 | 43,975 | SH | | SOLE | | 43,975 | 0 | 0 |
Marriott International Inc/MD | Common Equities | 571903202 | 2,889 | 20,620 | SH | | SOLE | | 20,620 | 0 | 0 |
Martin Marietta Materials Inc | Common Equities | 573284106 | 1,687 | 5,240 | SH | | SOLE | | 5,240 | 0 | 0 |
Mastercard Inc | Common Equities | 57636Q104 | 8,719 | 30,665 | SH | | SOLE | | 30,665 | 0 | 0 |
Medical Properties Trust Inc | Common Equities | 58463J304 | 465 | 39,238 | SH | | SOLE | | 39,238 | 0 | 0 |
META Platforms Inc | Common Equities | 30303M102 | 3,254 | 23,984 | SH | | SOLE | | 23,984 | 0 | 0 |
Microsoft Corp | Common Equities | 594918104 | 37,729 | 162,000 | SH | | SOLE | | 162,000 | 0 | 0 |
Mid-America Apartment Communities Inc | Common Equities | 59522J103 | 1,115 | 7,191 | SH | | SOLE | | 7,191 | 0 | 0 |
National Retail Properties Inc | Common Equities | 637417106 | 497 | 12,478 | SH | | SOLE | | 12,478 | 0 | 0 |
NextEra Energy Inc | Common Equities | 65339F101 | 8,515 | 108,600 | SH | | SOLE | | 108,600 | 0 | 0 |
NVIDIA Corp | Common Equities | 67066G104 | 4,697 | 38,700 | SH | | SOLE | | 38,700 | 0 | 0 |
Omega Healthcare Investors Inc | Common Equities | 681936100 | 496 | 16,838 | SH | | SOLE | | 16,838 | 0 | 0 |
Oracle Corp | Common Equities | 68389X105 | 4,192 | 68,657 | SH | | SOLE | | 68,657 | 0 | 0 |
PepsiCo Inc | Common Equities | 713448108 | 9,433 | 57,780 | SH | | SOLE | | 57,780 | 0 | 0 |
PG&E Corp | Common Equities | 69331C108 | 1,122 | 89,800 | SH | | SOLE | | 89,800 | 0 | 0 |
PPL Corp | Common Equities | 69351T106 | 1,148 | 45,300 | SH | | SOLE | | 45,300 | 0 | 0 |
Procter & Gamble Co/The | Common Equities | 742718109 | 11,814 | 93,582 | SH | | SOLE | | 93,582 | 0 | 0 |
Prologis Inc | Common Equities | 74340W103 | 4,762 | 46,876 | SH | | SOLE | | 46,876 | 0 | 0 |
Public Service Enterprise Group Inc | Common Equities | 744573106 | 1,625 | 28,900 | SH | | SOLE | | 28,900 | 0 | 0 |
Public Storage | Common Equities | 74460D109 | 2,881 | 9,840 | SH | | SOLE | | 9,840 | 0 | 0 |
Realty Income Corp | Common Equities | 756109104 | 2,377 | 40,855 | SH | | SOLE | | 40,855 | 0 | 0 |
Regency Centers Corp | Common Equities | 758849103 | 590 | 10,970 | SH | | SOLE | | 10,970 | 0 | 0 |
Rexford Industrial Realty Inc | Common Equities | 76169C100 | 445 | 8,558 | SH | | SOLE | | 8,558 | 0 | 0 |
RITHM Capital Corp | Common Equities | 64828T201 | 130 | 17,836 | SH | | SOLE | | 17,836 | 0 | 0 |
Rogers Communications Inc | Common Equities | 775109200 | 321 | 8,300 | SH | | SOLE | | 8,300 | 0 | 0 |
salesforce.com Inc | Common Equities | 79466L302 | 3,020 | 21,000 | SH | | SOLE | | 21,000 | 0 | 0 |
SBA Communications Corp | Common Equities | 78410G104 | 1,982 | 6,966 | SH | | SOLE | | 6,966 | 0 | 0 |
Sempra Energy | Common Equities | 816851109 | 2,758 | 18,400 | SH | | SOLE | | 18,400 | 0 | 0 |
Simon Property Group Inc | Common Equities | 828806109 | 2,241 | 24,979 | SH | | SOLE | | 24,979 | 0 | 0 |
Southern Co/The | Common Equities | 842587107 | 4,107 | 60,400 | SH | | SOLE | | 60,400 | 0 | 0 |
SPDR Portfolio Long Term Treasury ETF | Exchange Traded Fund | 78464A664 | 27,440 | 925,800 | SH | | SOLE | | 925,800 | 0 | 0 |
SPDR S&P 500 ETF Trust | Exchange Traded Fund | 78462F103 | 40,004 | 112,000 | SH | | SOLE | | 112,000 | 0 | 0 |
STAG Industrial Inc | Common Equities | 85254J102 | 292 | 10,297 | SH | | SOLE | | 10,297 | 0 | 0 |
Starwood Property Trust Inc | Common Equities | 85571B105 | 200 | 11,007 | SH | | SOLE | | 11,007 | 0 | 0 |
STORE Capital Corp | Common Equities | 862121100 | 533 | 17,022 | SH | | SOLE | | 17,022 | 0 | 0 |
Sun Communities Inc | Common Equities | 866674104 | 1,015 | 7,501 | SH | | SOLE | | 7,501 | 0 | 0 |
Texas Instruments Inc | Common Equities | 882508104 | 3,508 | 22,670 | SH | | SOLE | | 22,670 | 0 | 0 |
Thermo Fisher Scientific Inc | Common Equities | 883556102 | 11,893 | 23,450 | SH | | SOLE | | 23,450 | 0 | 0 |
T-Mobile US Inc | Common Equities | 872590104 | 1,851 | 13,800 | SH | | SOLE | | 13,800 | 0 | 0 |
UDR Inc | Common Equities | 902653104 | 800 | 19,190 | SH | | SOLE | | 19,190 | 0 | 0 |
United Parcel Service Inc | Common Equities | 911312106 | 10,604 | 65,646 | SH | | SOLE | | 65,646 | 0 | 0 |
UnitedHealth Group Inc | Common Equities | 91324P102 | 22,285 | 44,127 | SH | | SOLE | | 44,127 | 0 | 0 |
Utilities Select Sector SPDR Fund | Exchange Traded Fund | 81369Y886 | 10,465 | 159,750 | SH | | SOLE | | 159,750 | 0 | 0 |
Vanguard FTSE Developed Markets ETF | Exchange Traded Fund | 921943858 | 47,268 | 1,300,000 | SH | | SOLE | | 1,300,000 | 0 | 0 |
Vanguard Long-Term Corporate Bond ETF | Exchange Traded Fund | 92206C813 | 2,563 | 35,000 | SH | | SOLE | | 35,000 | 0 | 0 |
Vanguard Long-Term Treasury ETF | Exchange Traded Fund | 92206C847 | 44,058 | 700,000 | SH | | SOLE | | 700,000 | 0 | 0 |
Vanguard Russell 2000 ETF | Exchange Traded Fund | 92206C664 | 9,328 | 140,000 | SH | | SOLE | | 140,000 | 0 | 0 |
Vanguard S&P 500 ETF | Exchange Traded Fund | 922908363 | 22,652 | 69,000 | SH | | SOLE | | 69,000 | 0 | 0 |
Vanguard S&P Mid-Cap 400 ETF | Exchange Traded Fund | 921932885 | 90,646 | 610,000 | SH | | SOLE | | 610,000 | 0 | 0 |
Vanguard Total Bond Market ETF | Exchange Traded Fund | 921937835 | 46,364 | 650,000 | SH | | SOLE | | 650,000 | 0 | 0 |
Ventas Inc | Common Equities | 92276F100 | 1,224 | 30,480 | SH | | SOLE | | 30,480 | 0 | 0 |
Verizon Communications Inc | Common Equities | 92343V104 | 22,617 | 595,680 | SH | | SOLE | | 595,680 | 0 | 0 |
VICI Properties Inc | Common Equities | 925652109 | 2,055 | 68,862 | SH | | SOLE | | 68,862 | 0 | 0 |
Visa Inc | Common Equities | 92826C839 | 9,571 | 53,880 | SH | | SOLE | | 53,880 | 0 | 0 |
Vornado Realty Trust | Common Equities | 929042109 | 289 | 12,485 | SH | | SOLE | | 12,485 | 0 | 0 |
Walmart Inc | Common Equities | 931142103 | 17,292 | 133,330 | SH | | SOLE | | 133,330 | 0 | 0 |
Walt Disney Co/The | Common Equities | 254687106 | 4,438 | 47,051 | SH | | SOLE | | 47,051 | 0 | 0 |
WEC Energy Group Inc | Common Equities | 92939U106 | 1,582 | 17,700 | SH | | SOLE | | 17,700 | 0 | 0 |
Welltower Inc | Common Equities | 95040Q104 | 1,958 | 30,453 | SH | | SOLE | | 30,453 | 0 | 0 |
Weyerhaeuser Co | Common Equities | 962166104 | 1,382 | 48,420 | SH | | SOLE | | 48,420 | 0 | 0 |
WP Carey Inc | Common Equities | 92936U109 | 835 | 11,975 | SH | | SOLE | | 11,975 | 0 | 0 |
Xcel Energy Inc | Common Equities | 98389B100 | 1,958 | 30,600 | SH | | SOLE | | 30,600 | 0 | 0 |