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 23,316 211,000 SH   SOLE   211,000 0 0
ABBOTT LABORATORIES ORD COMMON 002824100 23,010 237,800 SH   SOLE   237,800 0 0
ABBVIE ORD COMMON 00287Y109 76,070 566,800 SH   SOLE   566,800 0 0
ACCENTURE CL A ORD COMMON G1151C101 88,769 345,000 SH   SOLE   345,000 0 0
AGREE REALTY REIT ORD COMMON 008492100 22,707 336,000 SH   SOLE   336,000 0 0
AIR PRODUCTS AND CHEMICALS ORD COMMON 009158106 33,955 145,900 SH   SOLE   145,900 0 0
AMERICAN TOWER REIT COMMON 03027X100 56,595 263,600 SH   SOLE   263,600 0 0
ANALOG DEVICES ORD COMMON 032654105 62,128 445,870 SH   SOLE   445,870 0 0
APPLE ORD COMMON 037833100 510,375 3,693,016 SH   SOLE   3,693,016 0 0
AT&T ORD COMMON 00206R102 8,161 532,000 SH   SOLE   532,000 0 0
AUTOMATIC DATA PROCESSING ORD COMMON 053015103 52,646 232,750 SH   SOLE   232,750 0 0
AVALONBAY COMMUNITIES REIT ORD COMMON 053484101 23,834 129,400 SH   SOLE   129,400 0 0
BAXTER INTERNATIONAL ORD COMMON 071813109 84,218 1,563,648 SH   SOLE   1,563,648 0 0
BLACKROCK ORD COMMON 09247X101 23,387 42,500 SH   SOLE   42,500 0 0
BROADCOM ORD COMMON 11135F101 121,792 274,300 SH   SOLE   274,300 0 0
CHEVRON ORD COMMON 166764100 5,048 35,139 SH   SOLE   35,139 0 0
CHUBB ORD COMMON H1467J104 66,005 362,902 SH   SOLE   362,902 0 0
CISCO SYSTEMS ORD COMMON 17275R102 101,860 2,546,500 SH   SOLE   2,546,500 0 0
CME GROUP CL A ORD COMMON 12572Q105 177,484 1,002,000 SH   SOLE   1,002,000 0 0
COMCAST CL A ORD COMMON 20030N101 22,779 776,650 SH   SOLE   776,650 0 0
DOVER ORD COMMON 260003108 98,347 843,600 SH   SOLE   843,600 0 0
DUKE ENERGY ORD COMMON 26441C204 28,836 310,000 SH   SOLE   310,000 0 0
ENBRIDGE ORD COMMON 29250N105 6,894 185,828 SH   SOLE   185,828 0 0
ESTEE LAUDER CL A ORD COMMON 518439104 45,447 210,500 SH   SOLE   210,500 0 0
HASBRO ORD COMMON 418056107 17,570 260,600 SH   SOLE   260,600 0 0
HOME DEPOT ORD COMMON 437076102 117,565 426,054 SH   SOLE   426,054 0 0
HONEYWELL INTERNATIONAL ORD COMMON 438516106 139,837 837,500 SH   SOLE   837,500 0 0
INTERNATIONAL BUSINESS MACHINES ORD COMMON 459200101 8,198 69,000 SH   SOLE   69,000 0 0
JOHNSON & JOHNSON ORD COMMON 478160104 32,835 201,000 SH   SOLE   201,000 0 0
JPMORGAN CHASE ORD COMMON 46625H100 9,405 90,000 SH   SOLE   90,000 0 0
LAM RESEARCH ORD COMMON 512807108 8,866 24,224 SH   SOLE   24,224 0 0
LYONDELLBASELL INDUSTRIES CL A ORD COMMON N53745100 16,711 221,991 SH   SOLE   221,991 0 0
MCDONALD'S ORD COMMON 580135101 103,288 447,638 SH   SOLE   447,638 0 0
MICROSOFT ORD COMMON 594918104 215,433 925,000 SH   SOLE   925,000 0 0
MONDELEZ INTERNATIONAL CL A ORD COMMON 609207105 79,394 1,448,000 SH   SOLE   1,448,000 0 0
NORFOLK SOUTHERN ORD COMMON 655844108 123,209 587,687 SH   SOLE   587,687 0 0
PEPSICO ORD COMMON 713448108 20,816 127,500 SH   SOLE   127,500 0 0
PFIZER ORD COMMON 717081103 25,341 579,100 SH   SOLE   579,100 0 0
PHILIP MORRIS INTERNATIONAL ORD COMMON 718172109 91,452 1,101,700 SH   SOLE   1,101,700 0 0
PINNACLE WEST ORD COMMON 723484101 47,057 729,460 SH   SOLE   729,460 0 0
PNC FINANCIAL SERVICES GROUP ORD COMMON 693475105 81,135 543,000 SH   SOLE   543,000 0 0
PROCTER & GAMBLE ORD COMMON 742718109 6,300 49,900 SH   SOLE   49,900 0 0
PROLOGIS REIT COMMON 74340W103 59,944 590,000 SH   SOLE   590,000 0 0
QUALCOMM ORD COMMON 747525103 108,178 957,500 SH   SOLE   957,500 0 0
RAYTHEON TECHNOLOGIES ORD COMMON 75513E101 5,812 71,000 SH   SOLE   71,000 0 0
RPM ORD COMMON 749685103 68,708 824,725 SH   SOLE   824,725 0 0
SNAP ON ORD COMMON 833034101 67,807 336,764 SH   SOLE   336,764 0 0
TJX ORD COMMON 872540109 53,827 866,500 SH   SOLE   866,500 0 0
UNITEDHEALTH GRP ORD COMMON 91324P102 236,774 468,822 SH   SOLE   468,822 0 0
US BANCORP ORD COMMON 902973304 30,784 763,500 SH   SOLE   763,500 0 0
VALERO ENERGY ORD COMMON 91913Y100 54,989 514,640 SH   SOLE   514,640 0 0
VERIZON COMMUNICATIONS ORD COMMON 92343V104 18,480 486,700 SH   SOLE   486,700 0 0
VF ORD COMMON 918204108 34,834 1,164,630 SH   SOLE   1,164,630 0 0