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 |
AbbVie Inc | Common Equities | 00287Y109 | 6,252,819 | 46,410 | SH | | SOLE | | 46,410 | 0 | 0 |
Adobe Systems Inc | Common Equities | 00724F101 | 5,471,798 | 11,190 | SH | | SOLE | | 11,190 | 0 | 0 |
AGNC Investment Corp | Common Equities | 00123Q104 | 218,646 | 21,584 | SH | | SOLE | | 21,584 | 0 | 0 |
Air Products & Chemicals Inc | Common Equities | 009158106 | 4,430,049 | 14,790 | SH | | SOLE | | 14,790 | 0 | 0 |
Alexandria Real Estate Equities Inc | Common Equities | 015271109 | 1,302,752 | 11,479 | SH | | SOLE | | 11,479 | 0 | 0 |
Alphabet Inc | Common Equities | 02079K305 | 25,230,366 | 210,780 | SH | | SOLE | | 210,780 | 0 | 0 |
Amazon.com Inc | Common Equities | 023135106 | 41,286,316 | 316,710 | SH | | SOLE | | 316,710 | 0 | 0 |
Ameren Corp | Common Equities | 023608102 | 1,380,223 | 16,900 | SH | | SOLE | | 16,900 | 0 | 0 |
American Electric Power Co Inc | Common Equities | 025537101 | 2,862,800 | 34,000 | SH | | SOLE | | 34,000 | 0 | 0 |
American Homes 4 Rent | Common Equities | 02665T306 | 859,131 | 24,235 | SH | | SOLE | | 24,235 | 0 | 0 |
American Tower Corp | Common Equities | 03027X100 | 14,005,377 | 72,215 | SH | | SOLE | | 72,215 | 0 | 0 |
American Water Works Co Inc | Common Equities | 030420103 | 1,684,450 | 11,800 | SH | | SOLE | | 11,800 | 0 | 0 |
Americold Realty Trust | Common Equities | 03064D108 | 654,560 | 20,265 | SH | | SOLE | | 20,265 | 0 | 0 |
Annaly Capital Management Inc | Common Equities | 035710839 | 297,429 | 14,864 | SH | | SOLE | | 14,864 | 0 | 0 |
Apartment Income REIT Corp | Common Equities | 03750L109 | 482,271 | 13,363 | SH | | SOLE | | 13,363 | 0 | 0 |
Apple Inc | Common Equities | 037833100 | 145,770,395 | 751,510 | SH | | SOLE | | 751,510 | 0 | 0 |
AT&T Inc | Common Equities | 00206R102 | 4,700,465 | 294,700 | SH | | SOLE | | 294,700 | 0 | 0 |
AvalonBay Communities Inc | Common Equities | 053484101 | 2,235,279 | 11,810 | SH | | SOLE | | 11,810 | 0 | 0 |
Blackstone Mortgage Trust Inc | Common Equities | 09257W100 | 134,287 | 6,453 | SH | | SOLE | | 6,453 | 0 | 0 |
Boston Properties Inc | Common Equities | 101121101 | 748,785 | 13,002 | SH | | SOLE | | 13,002 | 0 | 0 |
Boston Scientific Corp | Common Equities | 101137107 | 17,144,475 | 316,962 | SH | | SOLE | | 316,962 | 0 | 0 |
Brixmor Property Group Inc | Common Equities | 11120U105 | 593,406 | 26,973 | SH | | SOLE | | 26,973 | 0 | 0 |
Broadcom Inc | Common Equities | 11135F101 | 7,919,636 | 9,130 | SH | | SOLE | | 9,130 | 0 | 0 |
Camden Property Trust | Common Equities | 133131102 | 854,521 | 7,849 | SH | | SOLE | | 7,849 | 0 | 0 |
Chevron Corp | Common Equities | 166764100 | 9,262,408 | 58,865 | SH | | SOLE | | 58,865 | 0 | 0 |
Chubb Ltd | Common Equities | H1467J104 | 7,413,560 | 38,500 | SH | | SOLE | | 38,500 | 0 | 0 |
Cisco Systems Inc | Common Equities | 17275R102 | 14,012,744 | 270,830 | SH | | SOLE | | 270,830 | 0 | 0 |
Comcast Corp | Common Equities | 20030N101 | 14,228,673 | 342,447 | SH | | SOLE | | 342,447 | 0 | 0 |
Consolidated Edison Inc | Common Equities | 209115104 | 1,988,800 | 22,000 | SH | | SOLE | | 22,000 | 0 | 0 |
CoStar Group Inc | Common Equities | 22160N109 | 1,439,219 | 16,171 | SH | | SOLE | | 16,171 | 0 | 0 |
Crown Castle International Corp | Common Equities | 22822V101 | 10,012,705 | 87,877 | SH | | SOLE | | 87,877 | 0 | 0 |
CubeSmart | Common Equities | 229663109 | 764,535 | 17,119 | SH | | SOLE | | 17,119 | 0 | 0 |
Deere & Co | Common Equities | 244199105 | 7,901,205 | 19,500 | SH | | SOLE | | 19,500 | 0 | 0 |
Digital Realty Trust Inc | Common Equities | 253868103 | 11,194,787 | 98,312 | SH | | SOLE | | 98,312 | 0 | 0 |
Dominion Energy Inc | Common Equities | 25746U109 | 2,848,450 | 55,000 | SH | | SOLE | | 55,000 | 0 | 0 |
Douglas Emmett Inc | Common Equities | 25960P109 | 227,743 | 18,118 | SH | | SOLE | | 18,118 | 0 | 0 |
DTE Energy Co | Common Equities | 233331107 | 1,419,258 | 12,900 | SH | | SOLE | | 12,900 | 0 | 0 |
Duke Energy Corp | Common Equities | 26441C204 | 15,813,085 | 176,210 | SH | | SOLE | | 176,210 | 0 | 0 |
EastGroup Properties Inc | Common Equities | 277276101 | 531,563 | 3,062 | SH | | SOLE | | 3,062 | 0 | 0 |
Edison International | Common Equities | 281020107 | 1,784,865 | 25,700 | SH | | SOLE | | 25,700 | 0 | 0 |
Edwards Lifesciences Corp | Common Equities | 28176E108 | 13,434,479 | 142,420 | SH | | SOLE | | 142,420 | 0 | 0 |
Entergy Corp | Common Equities | 29364G103 | 1,285,284 | 13,200 | SH | | SOLE | | 13,200 | 0 | 0 |
Equinix Inc | Common Equities | 29444U700 | 5,707,083 | 7,280 | SH | | SOLE | | 7,280 | 0 | 0 |
Equity LifeStyle Properties Inc | Common Equities | 29472R108 | 1,019,738 | 15,245 | SH | | SOLE | | 15,245 | 0 | 0 |
Equity Residential | Common Equities | 29476L107 | 1,959,177 | 29,698 | SH | | SOLE | | 29,698 | 0 | 0 |
Essex Property Trust Inc | Common Equities | 297178105 | 1,267,797 | 5,411 | SH | | SOLE | | 5,411 | 0 | 0 |
Eversource Energy | Common Equities | 30040W108 | 1,574,424 | 22,200 | SH | | SOLE | | 22,200 | 0 | 0 |
Exelon Corp | Common Equities | 30161N101 | 2,778,468 | 68,200 | SH | | SOLE | | 68,200 | 0 | 0 |
Extra Space Storage Inc | Common Equities | 30225T102 | 1,575,577 | 10,585 | SH | | SOLE | | 10,585 | 0 | 0 |
Exxon Mobil Corp | Common Equities | 30231G102 | 16,950,112 | 158,043 | SH | | SOLE | | 158,043 | 0 | 0 |
Federal Realty Investment Trust | Common Equities | 313747206 | 586,910 | 6,065 | SH | | SOLE | | 6,065 | 0 | 0 |
Fifth Third Bancorp | Common Equities | 316773100 | 18,787,328 | 716,800 | SH | | SOLE | | 716,800 | 0 | 0 |
First Industrial Realty Trust Inc | Common Equities | 32054K103 | 558,563 | 10,611 | SH | | SOLE | | 10,611 | 0 | 0 |
FirstEnergy Corp | Common Equities | 337932107 | 1,430,784 | 36,800 | SH | | SOLE | | 36,800 | 0 | 0 |
Fortis Inc/Canada | Common Equities | 349553107 | 1,371,920 | 31,800 | SH | | SOLE | | 31,800 | 0 | 0 |
Gaming and Leisure Properties Inc | Common Equities | 36467J108 | 981,557 | 20,255 | SH | | SOLE | | 20,255 | 0 | 0 |
Generac Holdings Inc | Common Equities | 368736104 | 2,999,004 | 20,110 | SH | | SOLE | | 20,110 | 0 | 0 |
Hartford Financial Services Group Inc/The | Common Equities | 416515104 | 6,926,884 | 96,180 | SH | | SOLE | | 96,180 | 0 | 0 |
Healthcare Realty Trust | Common Equities | 42226K105 | 358,001 | 18,982 | SH | | SOLE | | 18,982 | 0 | 0 |
Healthpeak Properties Inc | Common Equities | 42250P103 | 919,052 | 45,724 | SH | | SOLE | | 45,724 | 0 | 0 |
Home Depot Inc | Common Equities | 437076102 | 10,493,419 | 33,780 | SH | | SOLE | | 33,780 | 0 | 0 |
Host Hotels & Resorts Inc | Common Equities | 44107P104 | 1,180,136 | 70,121 | SH | | SOLE | | 70,121 | 0 | 0 |
Invesco DB Commodity Index Tracking Fund | Exchange Traded Fund | 46138B103 | 40,564,900 | 1,787,000 | SH | | SOLE | | 1,787,000 | 0 | 0 |
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | Exchange Traded Fund | 46090F100 | 39,493,955 | 2,902,900 | SH | | SOLE | | 2,902,900 | 0 | 0 |
Invesco S&P 500 Low Volatility ETF | Exchange Traded Fund | 46138E354 | 11,280,676 | 179,600 | SH | | SOLE | | 179,600 | 0 | 0 |
Invesco S&P 500 Pure Growth ETF | Exchange Traded Fund | 46137V266 | 1,098,432 | 7,200 | SH | | SOLE | | 7,200 | 0 | 0 |
Invesco S&P 500 Pure Value ETF | Exchange Traded Fund | 46137V258 | 1,380,390 | 17,800 | SH | | SOLE | | 17,800 | 0 | 0 |
Invitation Homes Inc | Common Equities | 46187W107 | 1,607,306 | 46,724 | SH | | SOLE | | 46,724 | 0 | 0 |
Iron Mountain Inc | Common Equities | 46284V101 | 1,390,840 | 24,478 | SH | | SOLE | | 24,478 | 0 | 0 |
iShares Core MSCI EAFE ETF | Exchange Traded Fund | 46432F842 | 69,734,250 | 1,033,100 | SH | | SOLE | | 1,033,100 | 0 | 0 |
iShares Core MSCI Emerging Markets ETF | Exchange Traded Fund | 46434G103 | 98,456,775 | 1,997,500 | SH | | SOLE | | 1,997,500 | 0 | 0 |
iShares Core S&P Mid-Cap ETF | Exchange Traded Fund | 464287507 | 1,058,994 | 4,050 | SH | | SOLE | | 4,050 | 0 | 0 |
iShares Core S&P Small-Cap ETF | Exchange Traded Fund | 464287804 | 1,155,940 | 11,600 | SH | | SOLE | | 11,600 | 0 | 0 |
iShares iBoxx $ Investment Grade Corporate Bond ETF | Exchange Traded Fund | 464287242 | 144,983,298 | 1,340,700 | SH | | SOLE | | 1,340,700 | 0 | 0 |
iShares MSCI Canada ETF | Exchange Traded Fund | 464286509 | 8,110,682 | 231,800 | SH | | SOLE | | 231,800 | 0 | 0 |
JPMorgan Chase & Co | Common Equities | 46625H100 | 13,725,173 | 94,370 | SH | | SOLE | | 94,370 | 0 | 0 |
Kilroy Realty Corp | Common Equities | 49427F108 | 286,818 | 9,532 | SH | | SOLE | | 9,532 | 0 | 0 |
Kimco Realty Corp | Common Equities | 49446R109 | 1,038,120 | 52,643 | SH | | SOLE | | 52,643 | 0 | 0 |
Lamar Advertising Co | Common Equities | 512816109 | 764,027 | 7,698 | SH | | SOLE | | 7,698 | 0 | 0 |
Life Storage Inc | Common Equities | 53223X107 | 808,663 | 6,082 | SH | | SOLE | | 6,082 | 0 | 0 |
Marriott International Inc/MD | Common Equities | 571903202 | 15,025,842 | 81,800 | SH | | SOLE | | 81,800 | 0 | 0 |
Mastercard Inc | Common Equities | 57636Q104 | 4,983,111 | 12,670 | SH | | SOLE | | 12,670 | 0 | 0 |
Medical Properties Trust Inc | Common Equities | 58463J304 | 455,018 | 49,138 | SH | | SOLE | | 49,138 | 0 | 0 |
META Platforms Inc | Common Equities | 30303M102 | 10,894,909 | 37,964 | SH | | SOLE | | 37,964 | 0 | 0 |
Microsoft Corp | Common Equities | 594918104 | 67,760,649 | 198,980 | SH | | SOLE | | 198,980 | 0 | 0 |
Mid-America Apartment Communities Inc | Common Equities | 59522J103 | 1,350,187 | 8,891 | SH | | SOLE | | 8,891 | 0 | 0 |
National Retail Properties Inc | Common Equities | 637417106 | 666,583 | 15,578 | SH | | SOLE | | 15,578 | 0 | 0 |
NextEra Energy Inc | Common Equities | 65339F101 | 21,383,698 | 288,190 | SH | | SOLE | | 288,190 | 0 | 0 |
NVIDIA Corp | Common Equities | 67066G104 | 18,117,947 | 42,830 | SH | | SOLE | | 42,830 | 0 | 0 |
Omega Healthcare Investors Inc | Common Equities | 681936100 | 648,725 | 21,138 | SH | | SOLE | | 21,138 | 0 | 0 |
Oracle Corp | Common Equities | 68389X105 | 3,629,863 | 30,480 | SH | | SOLE | | 30,480 | 0 | 0 |
Parker-Hannifin Corp | Common Equities | 701094104 | 21,635,519 | 55,470 | SH | | SOLE | | 55,470 | 0 | 0 |
PepsiCo Inc | Common Equities | 713448108 | 12,439,375 | 67,160 | SH | | SOLE | | 67,160 | 0 | 0 |
PG&E Corp | Common Equities | 69331C108 | 1,812,672 | 104,900 | SH | | SOLE | | 104,900 | 0 | 0 |
PNC Financial Services Group Inc/The | Common Equities | 693475105 | 19,766,593 | 156,940 | SH | | SOLE | | 156,940 | 0 | 0 |
PPL Corp | Common Equities | 69351T106 | 1,402,380 | 53,000 | SH | | SOLE | | 53,000 | 0 | 0 |
Procter & Gamble Co/The | Common Equities | 742718109 | 19,741,374 | 130,100 | SH | | SOLE | | 130,100 | 0 | 0 |
Prologis Inc | Common Equities | 74340W103 | 8,900,485 | 72,580 | SH | | SOLE | | 72,580 | 0 | 0 |
Public Service Enterprise Group Inc | Common Equities | 744573106 | 2,116,218 | 33,800 | SH | | SOLE | | 33,800 | 0 | 0 |
Public Storage | Common Equities | 74460D109 | 3,572,611 | 12,240 | SH | | SOLE | | 12,240 | 0 | 0 |
Realty Income Corp | Common Equities | 756109104 | 3,058,557 | 51,155 | SH | | SOLE | | 51,155 | 0 | 0 |
Regency Centers Corp | Common Equities | 758849103 | 850,573 | 13,770 | SH | | SOLE | | 13,770 | 0 | 0 |
Rexford Industrial Realty Inc | Common Equities | 76169C100 | 556,561 | 10,658 | SH | | SOLE | | 10,658 | 0 | 0 |
RITHM Capital Corp | Common Equities | 64828T201 | 177,987 | 19,036 | SH | | SOLE | | 19,036 | 0 | 0 |
Rogers Communications Inc | Common Equities | 775109200 | 598,325 | 13,100 | SH | | SOLE | | 13,100 | 0 | 0 |
salesforce.com Inc | Common Equities | 79466L302 | 8,830,668 | 41,800 | SH | | SOLE | | 41,800 | 0 | 0 |
SBA Communications Corp | Common Equities | 78410G104 | 2,008,432 | 8,666 | SH | | SOLE | | 8,666 | 0 | 0 |
Sempra Energy | Common Equities | 816851109 | 3,115,626 | 21,400 | SH | | SOLE | | 21,400 | 0 | 0 |
Simon Property Group Inc | Common Equities | 828806109 | 3,623,647 | 31,379 | SH | | SOLE | | 31,379 | 0 | 0 |
Southern Co/The | Common Equities | 842587107 | 4,952,625 | 70,500 | SH | | SOLE | | 70,500 | 0 | 0 |
SPDR Portfolio Long Term Treasury ETF | Exchange Traded Fund | 78464A664 | 23,896,080 | 799,200 | SH | | SOLE | | 799,200 | 0 | 0 |
SPDR S&P 500 ETF Trust | Exchange Traded Fund | 78462F103 | 19,947,600 | 45,000 | SH | | SOLE | | 45,000 | 0 | 0 |
STAG Industrial Inc | Common Equities | 85254J102 | 459,156 | 12,797 | SH | | SOLE | | 12,797 | 0 | 0 |
Starbucks Corp | Common Equities | 855244109 | 5,604,815 | 56,580 | SH | | SOLE | | 56,580 | 0 | 0 |
Starwood Property Trust Inc | Common Equities | 85571B105 | 227,116 | 11,707 | SH | | SOLE | | 11,707 | 0 | 0 |
Sun Communities Inc | Common Equities | 866674104 | 1,213,408 | 9,301 | SH | | SOLE | | 9,301 | 0 | 0 |
Texas Instruments Inc | Common Equities | 882508104 | 14,808,445 | 82,260 | SH | | SOLE | | 82,260 | 0 | 0 |
Thermo Fisher Scientific Inc | Common Equities | 883556102 | 17,577,758 | 33,690 | SH | | SOLE | | 33,690 | 0 | 0 |
T-Mobile US Inc | Common Equities | 872590104 | 3,014,130 | 21,700 | SH | | SOLE | | 21,700 | 0 | 0 |
UDR Inc | Common Equities | 902653104 | 1,026,314 | 23,890 | SH | | SOLE | | 23,890 | 0 | 0 |
United Parcel Service Inc | Common Equities | 911312106 | 2,718,506 | 15,166 | SH | | SOLE | | 15,166 | 0 | 0 |
UnitedHealth Group Inc | Common Equities | 91324P102 | 20,023,462 | 41,660 | SH | | SOLE | | 41,660 | 0 | 0 |
Vanguard FTSE Developed Markets ETF | Exchange Traded Fund | 921943858 | 57,725,000 | 1,250,000 | SH | | SOLE | | 1,250,000 | 0 | 0 |
Vanguard Long-Term Corporate Bond ETF | Exchange Traded Fund | 92206C813 | 84,596,522 | 1,077,800 | SH | | SOLE | | 1,077,800 | 0 | 0 |
Vanguard Long-Term Treasury ETF | Exchange Traded Fund | 92206C847 | 42,565,100 | 670,000 | SH | | SOLE | | 670,000 | 0 | 0 |
Vanguard Russell 2000 ETF | Exchange Traded Fund | 92206C664 | 8,318,200 | 110,000 | SH | | SOLE | | 110,000 | 0 | 0 |
Vanguard S&P 500 ETF | Exchange Traded Fund | 922908363 | 78,727,224 | 193,300 | SH | | SOLE | | 193,300 | 0 | 0 |
Vanguard S&P Mid-Cap 400 ETF | Exchange Traded Fund | 921932885 | 86,783,900 | 980,000 | SH | | SOLE | | 980,000 | 0 | 0 |
Vanguard Total Bond Market ETF | Exchange Traded Fund | 921937835 | 43,614,000 | 600,000 | SH | | SOLE | | 600,000 | 0 | 0 |
Ventas Inc | Common Equities | 92276F100 | 1,800,042 | 38,080 | SH | | SOLE | | 38,080 | 0 | 0 |
Verizon Communications Inc | Common Equities | 92343V104 | 5,991,309 | 161,100 | SH | | SOLE | | 161,100 | 0 | 0 |
VICI Properties Inc | Common Equities | 925652109 | 2,711,215 | 86,262 | SH | | SOLE | | 86,262 | 0 | 0 |
Visa Inc | Common Equities | 92826C839 | 5,592,654 | 23,550 | SH | | SOLE | | 23,550 | 0 | 0 |
Vornado Realty Trust | Common Equities | 929042109 | 282,712 | 15,585 | SH | | SOLE | | 15,585 | 0 | 0 |
Walmart Inc | Common Equities | 931142103 | 18,212,761 | 115,872 | SH | | SOLE | | 115,872 | 0 | 0 |
Walt Disney Co/The | Common Equities | 254687106 | 2,222,179 | 24,890 | SH | | SOLE | | 24,890 | 0 | 0 |
WEC Energy Group Inc | Common Equities | 92939U106 | 1,835,392 | 20,800 | SH | | SOLE | | 20,800 | 0 | 0 |
Welltower Inc | Common Equities | 95040Q104 | 3,078,107 | 38,053 | SH | | SOLE | | 38,053 | 0 | 0 |
Weyerhaeuser Co | Common Equities | 962166104 | 2,031,376 | 60,620 | SH | | SOLE | | 60,620 | 0 | 0 |
WP Carey Inc | Common Equities | 92936U109 | 1,018,467 | 15,075 | SH | | SOLE | | 15,075 | 0 | 0 |
Xcel Energy Inc | Common Equities | 98389B100 | 2,219,469 | 35,700 | SH | | SOLE | | 35,700 | 0 | 0 |