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 36,881 211,000 SH   SOLE   211,000 0 0
ABBOTT LABORATORIES ORD COMMON 002824100 26,037 237,800 SH   SOLE   237,800 0 0
ABBVIE ORD COMMON 00287Y109 55,375 516,800 SH   SOLE   516,800 0 0
ACCENTURE CL A ORD COMMON G1151C101 90,117 345,000 SH   SOLE   345,000 0 0
AIR PRODUCTS AND CHEMICALS ORD COMMON 009158106 30,983 113,400 SH   SOLE   113,400 0 0
AMERICAN TOWER REIT COMMON 03027X100 45,255 201,619 SH   SOLE   201,619 0 0
ANALOG DEVICES ORD COMMON 032654105 63,652 430,870 SH   SOLE   430,870 0 0
APPLE ORD COMMON 037833100 521,604 3,931,000 SH   SOLE   3,931,000 0 0
AT&T ORD COMMON 00206R102 15,300 532,000 SH   SOLE   532,000 0 0
AUTOMATIC DATA PROCESSING ORD COMMON 053015103 41,011 232,750 SH   SOLE   232,750 0 0
AVALONBAY COMMUNITIES REIT ORD COMMON 053484101 44,752 278,950 SH   SOLE   278,950 0 0
BAXTER INTERNATIONAL ORD COMMON 071813109 107,895 1,344,648 SH   SOLE   1,344,648 0 0
BLACKROCK ORD COMMON 09247X101 30,665 42,500 SH   SOLE   42,500 0 0
BROADCOM ORD COMMON 11135F101 115,155 263,000 SH   SOLE   263,000 0 0
CHEVRON ORD COMMON 166764100 18,917 224,000 SH   SOLE   224,000 0 0
CHUBB ORD COMMON H1467J104 55,858 362,902 SH   SOLE   362,902 0 0
CISCO SYSTEMS ORD COMMON 17275R102 113,956 2,546,500 SH   SOLE   2,546,500 0 0
CME GROUP CL A ORD COMMON 12572Q105 182,414 1,002,000 SH   SOLE   1,002,000 0 0
COMCAST CL A ORD COMMON 20030N101 37,028 706,650 SH   SOLE   706,650 0 0
DOVER ORD COMMON 260003108 100,596 796,800 SH   SOLE   796,800 0 0
DUKE ENERGY ORD COMMON 26441C204 28,384 310,000 SH   SOLE   310,000 0 0
ENBRIDGE ORD COMMON 29250N105 9,387 293,428 SH   SOLE   293,428 0 0
EXXON MOBIL ORD COMMON 30231G102 1,031 25,000 SH   SOLE   25,000 0 0
HASBRO ORD COMMON 418056107 25,593 273,600 SH   SOLE   273,600 0 0
HOME DEPOT ORD COMMON 437076102 112,239 422,554 SH   SOLE   422,554 0 0
HONEYWELL INTERNATIONAL ORD COMMON 438516106 178,136 837,500 SH   SOLE   837,500 0 0
INTERNATIONAL BUSINESS MACHINES ORD COMMON 459200101 34,957 277,700 SH   SOLE   277,700 0 0
JOHNSON & JOHNSON ORD COMMON 478160104 31,633 201,000 SH   SOLE   201,000 0 0
JPMORGAN CHASE ORD COMMON 46625H100 11,436 90,000 SH   SOLE   90,000 0 0
LYONDELLBASELL INDUSTRIES CL A ORD COMMON N53745100 20,348 221,991 SH   SOLE   221,991 0 0
MCDONALD'S ORD COMMON 580135101 96,054 447,638 SH   SOLE   447,638 0 0
MICROSOFT ORD COMMON 594918104 205,739 925,000 SH   SOLE   925,000 0 0
MONDELEZ INTERNATIONAL CL A ORD COMMON 609207105 61,277 1,048,000 SH   SOLE   1,048,000 0 0
NORFOLK SOUTHERN ORD COMMON 655844108 139,640 587,687 SH   SOLE   587,687 0 0
PEPSICO ORD COMMON 713448108 18,908 127,500 SH   SOLE   127,500 0 0
PFIZER ORD COMMON 717081103 21,317 579,100 SH   SOLE   579,100 0 0
PHILIP MORRIS INTERNATIONAL ORD COMMON 718172109 104,859 1,266,562 SH   SOLE   1,266,562 0 0
PINNACLE WEST ORD COMMON 723484101 15,467 193,460 SH   SOLE   193,460 0 0
PNC FINANCIAL SERVICES GROUP ORD COMMON 693475105 80,907 543,000 SH   SOLE   543,000 0 0
PROCTER & GAMBLE ORD COMMON 742718109 6,943 49,900 SH   SOLE   49,900 0 0
PROLOGIS REIT COMMON 74340W103 58,799 590,000 SH   SOLE   590,000 0 0
QUALCOMM ORD COMMON 747525103 145,866 957,500 SH   SOLE   957,500 0 0
RAYTHEON TECHNOLOGIES ORD COMMON 75513E101 3,361 47,000 SH   SOLE   47,000 0 0
RPM ORD COMMON 749685103 74,869 824,725 SH   SOLE   824,725 0 0
SNAP ON ORD COMMON 833034101 54,553 318,764 SH   SOLE   318,764 0 0
TJX ORD COMMON 872540109 59,173 866,500 SH   SOLE   866,500 0 0
UNITEDHEALTH GRP ORD COMMON 91324P102 164,406 468,822 SH   SOLE   468,822 0 0
US BANCORP ORD COMMON 902973304 19,335 415,000 SH   SOLE   415,000 0 0
VALERO ENERGY ORD COMMON 91913Y100 40,818 721,540 SH   SOLE   721,540 0 0
VERIZON COMMUNICATIONS ORD COMMON 92343V104 28,594 486,700 SH   SOLE   486,700 0 0
VF ORD COMMON 918204108 96,909 1,134,630 SH   SOLE   1,134,630 0 0
VIATRIS ORD COMMON 92556V106 1,347 71,854 SH   SOLE   71,854 0 0