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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
AMEREN CORPORATION COM 023608102 9,991 260,649 SH   SOLE   260,649 0 0
AMERICAN ELECTRIC POWER COM 025537101 20,344 389,664 SH   SOLE   389,664 0 0
ALLETE INC COM 018522300 2,106 47,443 SH   SOLE   47,443 0 0
ATMOS ENERGY CORP COM 049560105 8,616 180,622 SH   SOLE   180,622 0 0
AVISTA CORP COM 05379B107 2,158 70,700 SH   SOLE   70,700 0 0
AMERICAN WATER WORKS CO INC COM 030420103 41,112 852,420 SH   SOLE   852,420 0 0
AMERICAN STATES WATER CO COM 029899101 1,210 39,792 SH   SOLE   39,792 0 0
AMERICAN EXPRESS CO COM 025816109 135,056 1,542,796 SH   SOLE   1,542,796 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 568,020 14,666,151 SH   SOLE   14,666,151 0 0
CMS ENERGY CORP COM 125896100 8,677 2,925,535 SH   SOLE   292,535 0 0
CLECO CORPORATION COM 12561W105 3,122 64,843 SH   SOLE   64,843 0 0
CENTERPOINT ENERGY INC COM 15189T107 10,720 438,072 SH   SOLE   438,072 0 0
CALIFORNIA WATER SERVICE COM 130788102 1,175 52,342 SH   SOLE   52,342 0 0
DTE ENERGY COMPANY COM 233331107 13,926 183,041 SH   SOLE   183,041 0 0
DIRECTV COM 25490A309 577,107 6,670,220 SH   SOLE   6,670,220 0 0
DUKE ENERGY CORP COM 26441C204 21,354 285,597 SH   SOLE   285,597 0 0
EBAY INC COM 278642103 1,123,648 19,841,920 SH   SOLE   19,841,920 0 0
CONSOLIDATED EDISON INC COM 209115104 17,121 302,163 SH   SOLE   302,163 0 0
EMPIRE DISTRICT ELECTRIC CO COM 291641108 1,206 49,924 SH   SOLE   49,924 0 0
EL PASO ELECTRIC CO COM 283677854 1,703 46,601 SH   SOLE   46,601 0 0
GOOGLE INC CLASS A 38259P508 344,962 586,261 SH   SOLE   586,261 0 0
GOOGLE INC CLASS C 38259P706 239,337 414,536 SH   SOLE   414,536 0 0
GREAT PLAINS ENERGY INC COM 391164100 3,874 160,285 SH   SOLE   160,285 0 0
IDACORP INC COM 451107106 2,981 55,600 SH   SOLE   55,600 0 0
ITC HOLDINGS CORP COM 465685105 19,872 557,722 SH   SOLE   557,722 0 0
THE COCA COLA COMPANY COM 191216100 224,401 5,260,224 SH   SOLE   5,260,224 0 0
THE LACLEDE GROUP INC COM 505597104 1,945 41,925 SH   SOLE   41,925 0 0
ALLIANT ENERGY CORP COM 018802108 6,568 118,534 SH   SOLE   118,534 0 0
LOWES COS INC COM 548661107 873,625 16,508,408 SH   SOLE   16,508,408 0 0
MASTERCARD INC CLASS A 57636Q104 448,547 6,068,007 SH   SOLE   6,068,007 0 0
MCDONALDS CORP COM 580135101 278,569 2,938,186 SH   SOLE   2,938,186 0 0
MICROSOFT CORP COM 594918104 1,082,469 23,349,194 SH   SOLE   23,349,194 0 0
NISOURCE INC COM 65473P105 13,140 320,635 SH   SOLE   320,635 0 0
NORTHEAST UTILITIES COM 664397106 33,983 767,114 SH   SOLE   767,114 0 0
NORTHWESTERN CORP COM 668074305 1,917 42,254 SH   SOLE   42,254 0 0
NORTHWEST NATURAL GAS CO COM 667655104 1,258 29,766 SH   SOLE   29,766 0 0
ORACLE CORP COM 68389X105 865,902 22,620,230 SH   SOLE   22,620,230 0 0
P G AND E CORP COM 69331C108 20,138 447,119 SH   SOLE   447,119 0 0
PNM RESOURCES INC COM 69349H107 2,318 93,047 SH   SOLE   93,047 0 0
PINNACLE WEST CAPITAL COM 723484101 6,549 119,860 SH   SOLE   119,860 0 0
PIEDMONT NATURAL GAS CO COM 720186105 2,798 83,454 SH   SOLE   83,454 0 0
PEPCO HOLDINGS INC COM 713291102 7,201 269,077 SH   SOLE   269,077 0 0
PORTLAND GENERAL ELECTRIC CO COM 736508847 2,794 87,001 SH   SOLE   87,001 0 0
SCANA CORP COM 80589M102 7,259 146,312 SH   SOLE   146,312 0 0
SJW CORP COM 784305104 474 17,640 SH   SOLE   17,640 0 0
THE SOUTHERN CO COM 842587107 39,107 895,925 SH   SOLE   895,925 0 0
SEMPRA ENERGY COM 816851109 21,267 201,810 SH   SOLE   201,810 0 0
QUESTAR CORP COM 748356102 4,095 183,722 SH   SOLE   183,722 0 0
STATE STREET CORP COM 857477103 571,630 7,765,663 SH   SOLE   7,765,663 0 0
SOUTHWEST GAS CORP COM 844895102 14,688 302,339 SH   SOLE   302,339 0 0
TECO ENERGY INC COM 872375100 4,293 247,024 SH   SOLE   247,024 0 0
INTEGRYS ENERGY GROUP INC COM 45822P105 5,587 86,190 SH   SOLE   86,190 0 0
TARGET CORP COM 87612E106 878,764 14,019,848 SH   SOLE   14,019,848 0 0
UIL HOLDINGS CORP COM 902748102 2,176 61,477 SH   SOLE   61,477 0 0
US BANCORP COM 902973304 254,469 6,083,401 SH   SOLE   6,083,401 0 0
VISA INC CLASS A 92826C839 787,590 3,691,195 SH   SOLE   3,691,195 0 0
VECTREN CORPORATION COM 92240G101 3,632 91,035 SH   SOLE   91,035 0 0
WISCONSIN ENERGY CORP COM 976657106 30,881 718,171 SH   SOLE   718,171 0 0
WELLS FARGO AND CO COM 949746101 601,106 11,588,698 SH   SOLE   11,588,698 0 0
WALMART STORES INC COM 931142103 999,194 13,066,483 SH   SOLE   13,066,483 0 0
WESTAR ENERGY INC COM 95709T100 16,871 494,471 SH   SOLE   494,471 0 0
AQUA AMERICA INC COM 03836W103 4,339 184,393 SH   SOLE   184,393 0 0
XCEL ENERGY INC COM 98389B100 32,704 1,075,798 SH   SOLE   1,075,798 0 0
CROWN CASTLE INTL CORP COM 228227104 73,777 916,149 SH   SOLE   916,149 0 0
YUM BRANDS INC COM 988498101 882,740 12,263,688 SH   SOLE   12,263,688 0 0
AMERICAN TOWER CORP COM 03027X100 20,948 223,728 SH   SOLE   223,728 0 0
PPL CORPORATION COM 69351T106 20,753 631,947 SH   SOLE   631,947 0 0
HOME DEPOT INC COM 437076102 375,074 4,088,451 SH   SOLE   4,088,451 0 0