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
3M ORD COMMON 88579Y101 28,804 211,000 SH   SOLE   211,000 0 0
ABBOTT LABORATORIES ORD COMMON 002824100 18,765 237,800 SH   SOLE   237,800 0 0
ABBVIE ORD COMMON 00287Y109 32,518 426,800 SH   SOLE   426,800 0 0
ACCENTURE CL A ORD COMMON G1151C101 56,325 345,000 SH   SOLE   345,000 0 0
AIR PRODUCTS AND CHEMICALS ORD COMMON 009158106 22,636 113,400 SH   SOLE   113,400 0 0
AMERICAN TOWER REIT COMMON 03027X100 43,903 201,619 SH   SOLE   201,619 0 0
ANALOG DEVICES ORD COMMON 032654105 37,588 419,270 SH   SOLE   419,270 0 0
APPLE ORD COMMON 037833100 297,265 1,169,000 SH   SOLE   1,169,000 0 0
AT&T ORD COMMON 00206R102 15,508 532,000 SH   SOLE   532,000 0 0
AUTOMATIC DATA PROCESSING ORD COMMON 053015103 3,520 25,750 SH   SOLE   25,750 0 0
AVALONBAY COMMUNITIES REIT ORD COMMON 053484101 21,421 145,550 SH   SOLE   145,550 0 0
BLACKROCK ORD COMMON 09247X101 18,699 42,500 SH   SOLE   42,500 0 0
BROADCOM ORD COMMON 11135F101 62,357 263,000 SH   SOLE   263,000 0 0
CHEVRON ORD COMMON 166764100 16,231 224,000 SH   SOLE   224,000 0 0
CHUBB ORD COMMON H1467J104 27,130 242,902 SH   SOLE   242,902 0 0
CISCO SYSTEMS ORD COMMON 17275R102 96,172 2,446,500 SH   SOLE   2,446,500 0 0
CME GROUP CL A ORD COMMON 12572Q105 173,256 1,002,000 SH   SOLE   1,002,000 0 0
COMCAST CL A ORD COMMON 20030N101 20,147 586,000 SH   SOLE   586,000 0 0
DOVER ORD COMMON 260003108 66,883 796,800 SH   SOLE   796,800 0 0
DUKE ENERGY ORD COMMON 26441C204 25,073 310,000 SH   SOLE   310,000 0 0
ENBRIDGE ORD COMMON 29250N105 8,536 293,428 SH   SOLE   293,428 0 0
ESTEE LAUDER CL A ORD COMMON 518439104 42,130 264,405 SH   SOLE   264,405 0 0
EXXON MOBIL ORD COMMON 30231G102 949 25,000 SH   SOLE   25,000 0 0
GILEAD SCIENCES ORD COMMON 375558103 86,603 1,158,419 SH   SOLE   1,158,419 0 0
HASBRO ORD COMMON 418056107 19,576 273,600 SH   SOLE   273,600 0 0
HOME DEPOT ORD COMMON 437076102 78,895 422,554 SH   SOLE   422,554 0 0
HONEYWELL INTERNATIONAL ORD COMMON 438516106 112,049 837,500 SH   SOLE   837,500 0 0
INTERNATIONAL BUSINESS MACHINES ORD COMMON 459200101 30,805 277,700 SH   SOLE   277,700 0 0
JOHNSON & JOHNSON ORD COMMON 478160104 26,226 200,000 SH   SOLE   200,000 0 0
JPMORGAN CHASE ORD COMMON 46625H100 8,103 90,000 SH   SOLE   90,000 0 0
LYONDELLBASELL INDUSTRIES CL A ORD COMMON N53745100 8,834 177,991 SH   SOLE   177,991 0 0
MCDONALD'S ORD COMMON 580135101 74,017 447,638 SH   SOLE   447,638 0 0
MICROSOFT ORD COMMON 594918104 147,136 932,950 SH   SOLE   932,950 0 0
NORFOLK SOUTHERN ORD COMMON 655844108 85,802 587,687 SH   SOLE   587,687 0 0
PEPSICO ORD COMMON 713448108 14,352 119,500 SH   SOLE   119,500 0 0
PFIZER ORD COMMON 717081103 13,875 425,100 SH   SOLE   425,100 0 0
PHILIP MORRIS INTERNATIONAL ORD COMMON 718172109 60,233 825,562 SH   SOLE   825,562 0 0
PNC FINANCIAL SERVICES GROUP ORD COMMON 693475105 51,976 543,000 SH   SOLE   543,000 0 0
PROCTER & GAMBLE ORD COMMON 742718109 5,489 49,900 SH   SOLE   49,900 0 0
PROLOGIS REIT COMMON 74340W103 47,418 590,000 SH   SOLE   590,000 0 0
QUALCOMM ORD COMMON 747525103 64,775 957,500 SH   SOLE   957,500 0 0
RAYTHEON TECHNOLOGIES ORD COMMON 913017109 4,434 47,000 SH   SOLE   47,000 0 0
RPM ORD COMMON 749685103 49,071 824,725 SH   SOLE   824,725 0 0
SNAP ON ORD COMMON 833034101 26,962 247,764 SH   SOLE   247,764 0 0
TJX ORD COMMON 872540109 41,427 866,500 SH   SOLE   866,500 0 0
UNITEDHEALTH GRP ORD COMMON 91324P102 116,915 468,822 SH   SOLE   468,822 0 0
US BANCORP ORD COMMON 902973304 14,297 415,000 SH   SOLE   415,000 0 0
VALERO ENERGY ORD COMMON 91913Y100 32,729 721,540 SH   SOLE   721,540 0 0
VERIZON COMMUNICATIONS ORD COMMON 92343V104 26,150 486,700 SH   SOLE   486,700 0 0
VF ORD COMMON 918204108 61,361 1,134,630 SH   SOLE   1,134,630 0 0
WALT DISNEY ORD COMMON 254687106 52,357 542,000 SH   SOLE   542,000 0 0