The Unitrin, Inc. Master Retirement Trust

Kemper Corporation Master Retirement Trust as of Sept. 30, 2011

Portfolio Holdings for Kemper Corporation Master Retirement Trust

Kemper Corporation Master Retirement Trust holds 71 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Intermec 23.5 $46M 7.0M 6.52
iShares S&P 500 Index (IVV) 8.2 $16M 140k 113.69
iShares Russell Midcap Index Fund (IWR) 5.9 $12M 130k 88.25
Vanguard Emerging Markets ETF (VWO) 5.6 $11M 304k 35.83
Exxon Mobil Corporation (XOM) 3.3 $6.4M 88k 72.63
Philip Morris International (PM) 3.0 $5.7M 92k 62.38
Apple (AAPL) 3.0 $5.7M 15k 381.33
iShares MSCI EAFE Index Fund (EFA) 2.8 $5.5M 114k 47.78
iShares Russell 2000 Index (IWM) 2.6 $5.1M 80k 64.30
Coca-Cola Company (KO) 2.4 $4.6M 69k 67.56
Chevron Corporation (CVX) 2.0 $3.9M 42k 92.58
McDonald's Corporation (MCD) 1.8 $3.5M 40k 87.82
Johnson & Johnson (JNJ) 1.6 $3.2M 50k 63.70
Procter & Gamble Company (PG) 1.6 $3.2M 50k 63.18
International Business Machines (IBM) 1.4 $2.6M 15k 174.87
ConocoPhillips (COP) 1.3 $2.6M 41k 63.32
Royal Dutch Shell 1.3 $2.5M 40k 61.52
Altria (MO) 1.2 $2.4M 88k 26.81
Pepsi (PEP) 1.1 $2.2M 35k 61.91
Intel Corporation (INTC) 1.1 $2.1M 100k 21.34
Wal-Mart Stores (WMT) 1.1 $2.1M 40k 51.91
Target Corporation (TGT) 1.1 $2.1M 42k 49.05
Occidental Petroleum Corporation (OXY) 1.0 $2.0M 28k 71.50
JPMorgan Chase & Co. (JPM) 1.0 $1.9M 64k 30.12
Total (TTE) 1.0 $1.9M 43k 43.86
Walgreen Company 0.9 $1.8M 55k 32.89
Abbott Laboratories (ABT) 0.9 $1.8M 35k 51.14
Kraft Foods 0.9 $1.7M 50k 33.57
Praxair 0.9 $1.7M 18k 93.50
Novo Nordisk A/S (NVO) 0.9 $1.7M 17k 99.53
Caterpillar (CAT) 0.8 $1.6M 21k 73.82
General Electric Company 0.8 $1.4M 95k 15.22
United Technologies Corporation 0.7 $1.4M 20k 70.35
Merck & Co (MRK) 0.7 $1.3M 40k 32.70
Freeport-McMoRan Copper & Gold (FCX) 0.7 $1.3M 43k 30.44
Texas Instruments Incorporated (TXN) 0.6 $1.2M 46k 26.66
American Express Company (AXP) 0.6 $1.2M 27k 44.89
HSBC Holdings (HSBC) 0.6 $1.1M 28k 38.05
Automatic Data Processing (ADP) 0.6 $1.1M 23k 47.13
McGraw-Hill Companies 0.5 $1.0M 25k 41.00
Rio Tinto (RIO) 0.5 $970k 22k 44.09
Whole Foods Market 0.5 $967k 15k 65.34
News Corporation 0.5 $885k 57k 15.47
Equity Residential (EQR) 0.5 $870k 17k 51.85
Franklin Resources (BEN) 0.4 $861k 9.0k 95.67
HCP 0.4 $800k 23k 35.06
Public Storage (PSA) 0.4 $749k 6.7k 111.29
Air Products & Chemicals (APD) 0.4 $764k 10k 76.40
Home Depot (HD) 0.4 $740k 23k 32.89
Qualcomm (QCOM) 0.4 $729k 15k 48.60
Simon Property (SPG) 0.3 $669k 6.1k 110.00
AvalonBay Communities (AVB) 0.3 $615k 5.4k 114.14
Medtronic 0.3 $598k 18k 33.22
Cisco Systems (CSCO) 0.3 $574k 37k 15.51
Becton, Dickinson and (BDX) 0.3 $587k 8.0k 73.38
Ventas (VTR) 0.3 $569k 12k 49.41
Boston Properties (BXP) 0.3 $557k 6.3k 89.12
Time Warner Cable 0.3 $551k 8.8k 62.61
BlackRock (BLK) 0.3 $518k 3.5k 148.00
SL Green Realty 0.3 $503k 8.7k 58.15
Federal Realty Inv. Trust 0.2 $490k 6.0k 82.35
Essex Property Trust (ESS) 0.2 $421k 3.5k 119.94
Prologis (PLD) 0.2 $410k 17k 24.24
Prudential Financial (PRU) 0.2 $375k 8.0k 46.88
Macerich Company (MAC) 0.2 $361k 8.5k 42.62
BioMed Realty Trust 0.2 $348k 21k 16.57
Mack-Cali Realty (VRE) 0.2 $333k 13k 26.75
Corporate Office Properties Trust (CDP) 0.2 $319k 15k 21.77
Douglas Emmett (DEI) 0.1 $261k 15k 17.10
Taubman Centers 0.1 $257k 5.1k 50.39
General Dynamics Corporation (GD) 0.1 $176k 3.1k 56.77