The Unitrin, Inc. Master Retirement Trust

Kemper Corporation Master Retirement Trust as of Dec. 31, 2011

Portfolio Holdings for Kemper Corporation Master Retirement Trust

Kemper Corporation Master Retirement Trust holds 72 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Intermec 19.5 $40M 5.9M 6.86
iShares S&P 500 Index (IVV) 8.5 $18M 140k 125.96
iShares Russell Midcap Index Fund (IWR) 6.2 $13M 130k 98.42
Vanguard Emerging Markets ETF (VWO) 5.6 $12M 304k 38.21
Exxon Mobil Corporation (XOM) 3.6 $7.4M 88k 84.75
Philip Morris International (PM) 3.5 $7.2M 92k 78.48
Apple (AAPL) 2.9 $6.1M 15k 405.00
iShares Russell 2000 Index (IWM) 2.9 $5.9M 80k 73.75
iShares MSCI EAFE Index Fund (EFA) 2.7 $5.7M 114k 49.53
Coca-Cola Company (KO) 2.3 $4.8M 69k 69.97
Chevron Corporation (CVX) 2.2 $4.6M 43k 106.40
McDonald's Corporation (MCD) 1.9 $4.0M 40k 100.32
Procter & Gamble Company (PG) 1.6 $3.3M 50k 66.72
Johnson & Johnson (JNJ) 1.5 $3.1M 47k 65.59
ConocoPhillips (COP) 1.4 $3.0M 41k 72.88
Royal Dutch Shell 1.4 $2.9M 40k 73.10
International Business Machines (IBM) 1.3 $2.8M 15k 183.87
Occidental Petroleum Corporation (OXY) 1.3 $2.7M 29k 93.69
Altria (MO) 1.3 $2.6M 88k 29.65
Wal-Mart Stores (WMT) 1.2 $2.4M 40k 59.75
Intel Corporation (INTC) 1.2 $2.4M 100k 24.25
Pepsi (PEP) 1.1 $2.3M 35k 66.34
Total (TTE) 1.1 $2.2M 43k 51.11
Target Corporation (TGT) 1.0 $2.2M 42k 51.21
JPMorgan Chase & Co. (JPM) 1.0 $2.1M 64k 33.25
Caterpillar (CAT) 1.0 $2.0M 22k 90.59
Abbott Laboratories (ABT) 0.9 $2.0M 35k 56.23
Novo Nordisk A/S (NVO) 0.9 $2.0M 17k 115.24
Praxair 0.9 $1.9M 18k 106.89
Kraft Foods 0.9 $1.9M 50k 37.35
Walgreen Company 0.9 $1.8M 55k 33.05
Freeport-McMoRan Copper & Gold (FCX) 0.9 $1.8M 48k 36.79
General Electric Company 0.8 $1.7M 95k 17.91
Merck & Co (MRK) 0.7 $1.5M 40k 37.70
United Technologies Corporation 0.7 $1.5M 20k 73.10
Texas Instruments Incorporated (TXN) 0.6 $1.3M 46k 29.12
American Express Company (AXP) 0.6 $1.3M 27k 47.19
Automatic Data Processing (ADP) 0.6 $1.2M 23k 54.00
McGraw-Hill Companies 0.5 $1.1M 25k 44.96
HSBC Holdings (HSBC) 0.5 $1.1M 28k 38.08
Rio Tinto (RIO) 0.5 $1.1M 22k 48.91
Whole Foods Market 0.5 $1.0M 15k 69.59
Equity Residential (EQR) 0.5 $1.0M 18k 57.04
News Corporation 0.5 $1.0M 57k 17.83
Home Depot (HD) 0.5 $946k 23k 42.04
BlackRock (BLK) 0.4 $891k 5.0k 178.20
Franklin Resources (BEN) 0.4 $865k 9.0k 96.11
Air Products & Chemicals (APD) 0.4 $852k 10k 85.20
Qualcomm (QCOM) 0.4 $821k 15k 54.73
Ventas (VTR) 0.4 $808k 15k 55.10
AvalonBay Communities (AVB) 0.4 $795k 6.1k 130.58
Simon Property (SPG) 0.4 $784k 6.1k 128.90
Medtronic 0.3 $689k 18k 38.28
Time Warner Cable 0.3 $636k 10k 63.60
Public Storage (PSA) 0.3 $623k 4.6k 134.56
HCP 0.3 $618k 15k 41.42
Boston Properties (BXP) 0.3 $623k 6.3k 99.68
Becton, Dickinson and (BDX) 0.3 $598k 8.0k 74.75
SL Green Realty 0.3 $576k 8.7k 66.59
Essex Property Trust (ESS) 0.3 $577k 4.1k 140.39
Federal Realty Inv. Trust 0.3 $540k 6.0k 90.76
Macerich Company (MAC) 0.3 $530k 11k 50.62
Prologis (PLD) 0.2 $526k 18k 28.56
Vornado Realty Trust (VNO) 0.2 $500k 6.5k 76.92
Kilroy Realty Corporation (KRC) 0.2 $417k 11k 38.08
Estee Lauder Companies (EL) 0.2 $393k 3.5k 112.29
Douglas Emmett (DEI) 0.2 $391k 22k 18.22
Cisco Systems (CSCO) 0.2 $344k 19k 18.11
Green Mountain Coffee Roasters 0.2 $336k 7.5k 44.80
Taubman Centers 0.1 $317k 5.1k 62.16
Regency Centers Corporation (REG) 0.1 $243k 6.5k 37.67
General Dynamics Corporation (GD) 0.1 $206k 3.1k 66.45