# EDGAR Filing Document

**Accession Number:** 0001637689
**File Stem:** 0001172661-25-005279
**Filing Date:** 2025-12
**Character Count:** 24160
**Document Hash:** ca76c2d67f0562cff14c5daef9beff4c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-005279.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001172661-25-005279

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20181231

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**EFFECTIVENESS DATE**: 20251229

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Swiss Life Asset Management Ltd
- **CENTRAL INDEX KEY:** 0001637689

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** V8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25895
- **FILM NUMBER:** 251605974

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** GENERAL GUISAN-QUAI 40
- **CITY:** ZURICH
- **PROVINCE COUNTRY:** V8
- **ZIP:** 8002
- **BUSINESS PHONE:** 0042432845424

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** GENERAL GUISAN-QUAI 40
- **CITY:** ZURICH
- **PROVINCE COUNTRY:** V8
- **ZIP:** 8002

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2018

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Swiss Life Asset Management Ltd<br>**Address:** General Guisan-quai 40<br>Zurich, V8 8002

**Form 13F File Number:** 028-25895

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Philipp Menzi<br>**Title:** Deputy Head Operations CH<br>**Phone:** 41-43-547-73-50

**Signature, Place, and Date of Signing:**

/s/ Philipp Menzi  Zurich, V8  12-29-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 211

**Form 13F Information Table Value Total:** $4912989729

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                             | Form 13F File Number   |
|:---|:---|:---|
|  | Swiss Life Asset Managers France | 028-25896              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 44812912 | 235189 | SH |  | SOLE |  | 235189 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 54400397 | 590090 | SH |  | SOLE |  | 590090 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 2192266 | 9690 | SH |  | SOLE |  | 9690 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 102034 | 451 | SH |  | DFND | 1 | 451 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 16504066 | 1141360 | SH |  | SOLE |  | 1141360 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 7449516 | 163510 | SH |  | SOLE |  | 163510 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 3447317 | 21539 | SH |  | SOLE |  | 21539 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 934020 | 8105 | SH |  | SOLE |  | 8105 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 19633094 | 18958 | SH |  | SOLE |  | 18958 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 30426100 | 29117 | SH |  | SOLE |  | 29117 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 878811 | 841 | SH |  | DFND | 1 | 841 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 11973124 | 242420 | SH |  | SOLE |  | 242420 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 178696881 | 118975 | SH |  | SOLE |  | 118975 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 587270 | 391 | SH |  | DFND | 1 | 391 | 0 | 0 |
| AMERICAN ELEC PWR INC | COM | 025537101 |  | 46170261 | 617745 | SH |  | SOLE |  | 617745 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 26145323 | 274290 | SH |  | SOLE |  | 274290 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 188638 | 1979 | SH |  | DFND | 1 | 1979 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 21497761 | 545490 | SH |  | SOLE |  | 545490 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 10166080 | 64265 | SH |  | SOLE |  | 64265 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 22391540 | 214540 | SH |  | SOLE |  | 214540 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 60271779 | 309610 | SH |  | SOLE |  | 309610 | 0 | 0 |
| ANTHEM INC | COM | 036752103 |  | 392632 | 1495 | SH |  | SOLE |  | 1495 | 0 | 0 |
| APACHE CORP | COM | 037411105 |  | 12419925 | 473140 | SH |  | SOLE |  | 473140 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 924672 | 5862 | SH |  | DFND | 1 | 5862 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 113989234 | 722640 | SH |  | SOLE |  | 722640 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 956895 | 23356 | SH |  | SOLE |  | 23356 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 1415384 | 49593 | SH |  | SOLE |  | 49593 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 34353440 | 262000 | SH |  | SOLE |  | 262000 | 0 | 0 |
| BANK AMER CORP | COM | 060505104 |  | 28598909 | 1160670 | SH |  | SOLE |  | 1160670 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 218983 | 3327 | SH |  | SOLE |  | 3327 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 20143608 | 89400 | SH |  | SOLE |  | 89400 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 10815 | 48 | SH |  | DFND | 1 | 48 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 31648 | 155 | SH |  | DFND | 1 | 155 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 24536311 | 120170 | SH |  | SOLE |  | 120170 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 14625474 | 37232 | SH |  | SOLE |  | 37232 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 95688975 | 296710 | SH |  | SOLE |  | 296710 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 531514 | 15040 | SH |  | SOLE |  | 15040 | 0 | 0 |
| BRISTOL MYERS SQUIBB CO | COM | 110122108 |  | 36609150 | 704293 | SH |  | SOLE |  | 704293 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 24474450 | 96250 | SH |  | SOLE |  | 96250 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 4586269 | 54540 | SH |  | SOLE |  | 54540 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 389001 | 8722 | SH |  | SOLE |  | 8722 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 3194492 | 64797 | SH |  | SOLE |  | 64797 | 0 | 0 |
| CBOE GLOBAL MARKETS INC | COM | 12503M108 |  | 290555 | 2970 | SH |  | SOLE |  | 2970 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 951801 | 8255 | SH |  | SOLE |  | 8255 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 11280426 | 399590 | SH |  | SOLE |  | 399590 | 0 | 0 |
| CENTURYLINK INC | COM | 156700106 |  | 23538919 | 1553724 | SH |  | SOLE |  | 1553724 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 3288051 | 75570 | SH |  | SOLE |  | 75570 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 55265 | 508 | SH |  | DFND | 1 | 508 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 80549204 | 740410 | SH |  | SOLE |  | 740410 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 6982825 | 54055 | SH |  | SOLE |  | 54055 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 187836 | 4335 | SH |  | DFND | 1 | 4335 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 122963174 | 2837830 | SH |  | SOLE |  | 2837830 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 64775134 | 1244240 | SH |  | SOLE |  | 1244240 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 24889602 | 161474 | SH |  | SOLE |  | 161474 | 0 | 0 |
| CME GROUP INC | COM CL A | 12572Q105 |  | 19887106 | 105715 | SH |  | SOLE |  | 105715 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 6434888 | 129605 | SH |  | SOLE |  | 129605 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 87942682 | 1857290 | SH |  | SOLE |  | 1857290 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 131917 | 2786 | SH |  | DFND | 1 | 2786 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 2319078 | 38963 | SH |  | SOLE |  | 38963 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 57951397 | 1701950 | SH |  | SOLE |  | 1701950 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 14456995 | 478550 | SH |  | SOLE |  | 478550 | 0 | 0 |
| CROWN CASTLE INTL CORP NEW | COM | 22822V101 |  | 24803488 | 228330 | SH |  | SOLE |  | 228330 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 13777949 | 221760 | SH |  | SOLE |  | 221760 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 18135281 | 276790 | SH |  | SOLE |  | 276790 | 0 | 0 |
| DANAHER CORP DEL | COM | 235851102 |  | 5034318 | 48820 | SH |  | SOLE |  | 48820 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 25455313 | 254910 | SH |  | SOLE |  | 254910 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 1014356 | 6800 | SH |  | SOLE |  | 6800 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 5132714 | 102860 | SH |  | SOLE |  | 102860 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 34638734 | 484729 | SH |  | SOLE |  | 484729 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 422649 | 5957 | SH |  | SOLE |  | 5957 | 0 | 0 |
| DOWDUPONT INC | COM | 26078J100 |  | 32331601 | 604555 | SH |  | SOLE |  | 604555 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 15665176 | 181520 | SH |  | SOLE |  | 181520 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 5158838 | 75136 | SH |  | SOLE |  | 75136 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 18838398 | 315287 | SH |  | SOLE |  | 315287 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 11088828 | 128835 | SH |  | SOLE |  | 128835 | 0 | 0 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 |  | 456459 | 6915 | SH |  | SOLE |  | 6915 | 0 | 0 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 908419 | 10040 | SH |  | SOLE |  | 10040 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 146540 | 2149 | SH |  | DFND | 1 | 2149 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 80796285 | 1184870 | SH |  | SOLE |  | 1184870 | 0 | 0 |
| FACEBOOK INC | CL A | 30303M102 |  | 100939 | 770 | SH |  | DFND | 1 | 770 | 0 | 0 |
| FACEBOOK INC | CL A | 30303M102 |  | 37843061 | 288680 | SH |  | SOLE |  | 288680 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 23781492 | 454800 | SH |  | SOLE |  | 454800 | 0 | 0 |
| FIRSTENERGY CORP | COM | 337932107 |  | 8682874 | 231235 | SH |  | SOLE |  | 231235 | 0 | 0 |
| FOOT LOCKER INC | COM | 344849104 |  | 9593556 | 180330 | SH |  | SOLE |  | 180330 | 0 | 0 |
| FORD MTR CO DEL | COM PAR $0.01 | 345370860 |  | 334404 | 43713 | SH |  | DFND | 1 | 43713 | 0 | 0 |
| FORD MTR CO DEL | COM PAR $0.01 | 345370860 |  | 8276764 | 1081930 | SH |  | SOLE |  | 1081930 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 862988 | 13629 | SH |  | SOLE |  | 13629 | 0 | 0 |
| GARRETT MOTION INC | COM | 366505105 |  | 271443 | 21997 | SH |  | SOLE |  | 21997 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 855538 | 8910 | SH |  | SOLE |  | 8910 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 3753 | 60 | SH |  | DFND | 1 | 60 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 34803446 | 556410 | SH |  | SOLE |  | 556410 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 20687472 | 123840 | SH |  | SOLE |  | 123840 | 0 | 0 |
| GRAINGER W W INC | COM | 384802104 |  | 8490565 | 30070 | SH |  | SOLE |  | 30070 | 0 | 0 |
| HANESBRANDS INC | COM | 410345102 |  | 13329665 | 1063820 | SH |  | SOLE |  | 1063820 | 0 | 0 |
| HASBRO INC | COM | 418056107 |  | 10117250 | 124520 | SH |  | SOLE |  | 124520 | 0 | 0 |
| HCP INC | COM | 40414L109 |  | 9294825 | 332790 | SH |  | SOLE |  | 332790 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 1062678 | 80445 | SH |  | SOLE |  | 80445 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 712022 | 4144 | SH |  | DFND | 1 | 4144 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 50183983 | 292073 | SH |  | SOLE |  | 292073 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 30250195 | 228960 | SH |  | SOLE |  | 228960 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 15607829 | 762846 | SH |  | SOLE |  | 762846 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 1882747 | 6572 | SH |  | SOLE |  | 6572 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 12262342 | 1028720 | SH |  | SOLE |  | 1028720 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 27567744 | 217600 | SH |  | SOLE |  | 217600 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 636152 | 2121 | SH |  | SOLE |  | 2121 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 34693143 | 739253 | SH |  | SOLE |  | 739253 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 269425 | 5741 | SH |  | DFND | 1 | 5741 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 1638051 | 21745 | SH |  | SOLE |  | 21745 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 27171677 | 239040 | SH |  | SOLE |  | 239040 | 0 | 0 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 4341171 | 210430 | SH |  | SOLE |  | 210430 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1716171 | 6800 | SH |  | SOLE |  | 6800 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 547051705 | 14005420 | SH |  | SOLE |  | 14005420 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 303138 | 2349 | SH |  | DFND | 1 | 2349 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 87666246 | 679320 | SH |  | SOLE |  | 679320 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 12087416 | 407670 | SH |  | SOLE |  | 407670 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 96717991 | 990760 | SH |  | SOLE |  | 990760 | 0 | 0 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 13577710 | 504560 | SH |  | SOLE |  | 504560 | 0 | 0 |
| KELLOGG CO | COM | 487836108 |  | 20919249 | 366940 | SH |  | SOLE |  | 366940 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 444085 | 17320 | SH |  | SOLE |  | 17320 | 0 | 0 |
| KEYCORP NEW | COM | 493267108 |  | 17218848 | 1165010 | SH |  | SOLE |  | 1165010 | 0 | 0 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 486541 | 33211 | SH |  | SOLE |  | 33211 | 0 | 0 |
| KLA-TENCOR CORP | COM | 482480100 |  | 12811388 | 143160 | SH |  | SOLE |  | 143160 | 0 | 0 |
| KOHLS CORP | COM | 500255104 |  | 14733451 | 222090 | SH |  | SOLE |  | 222090 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 607567 | 4670 | SH |  | SOLE |  | 4670 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 30335998 | 262150 | SH |  | SOLE |  | 262150 | 0 | 0 |
| LINDE PLC | COM | G5494J103 |  | 20961633 | 134335 | SH |  | SOLE |  | 134335 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 1195138 | 12940 | SH |  | SOLE |  | 12940 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 19540105 | 234970 | SH |  | SOLE |  | 234970 | 0 | 0 |
| MACYS INC | COM | 55616P104 |  | 11810152 | 396580 | SH |  | SOLE |  | 396580 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 18415033 | 169630 | SH |  | SOLE |  | 169630 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 32600418 | 172809 | SH |  | SOLE |  | 172809 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 33468394 | 188480 | SH |  | SOLE |  | 188480 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 51914510 | 570740 | SH |  | SOLE |  | 570740 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 97117 | 1271 | SH |  | DFND | 1 | 1271 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 79587510 | 1041585 | SH |  | SOLE |  | 1041585 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 9480670 | 298792 | SH |  | SOLE |  | 298792 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 718405 | 7073 | SH |  | DFND | 1 | 7073 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 152494456 | 1501373 | SH |  | SOLE |  | 1501373 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 6619964 | 166960 | SH |  | SOLE |  | 166960 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 18616923 | 161830 | SH |  | SOLE |  | 161830 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 30476572 | 510752 | SH |  | SOLE |  | 510752 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 58491740 | 218530 | SH |  | SOLE |  | 218530 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 13720482 | 78935 | SH |  | SOLE |  | 78935 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 20230582 | 272870 | SH |  | SOLE |  | 272870 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 519948 | 13130 | SH |  | SOLE |  | 13130 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 12172241 | 234940 | SH |  | SOLE |  | 234940 | 0 | 0 |
| NVIDIA CORP | COM | 67066G104 |  | 32695485 | 244910 | SH |  | SOLE |  | 244910 | 0 | 0 |
| OCCIDENTAL PETE CORP DEL | COM | 674599105 |  | 42437825 | 691395 | SH |  | SOLE |  | 691395 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 21258674 | 394044 | SH |  | SOLE |  | 394044 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 191933 | 4251 | SH |  | DFND | 1 | 4251 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 27291821 | 604470 | SH |  | SOLE |  | 604470 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 1098059 | 19217 | SH |  | SOLE |  | 19217 | 0 | 0 |
| PARKER HANNIFIN CORP | COM | 701094104 |  | 3815001 | 25580 | SH |  | SOLE |  | 25580 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 21008269 | 322460 | SH |  | SOLE |  | 322460 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 25227 | 300 | SH |  | DFND | 1 | 300 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 1315084 | 15639 | SH |  | SOLE |  | 15639 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 61095 | 553 | SH |  | DFND | 1 | 553 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 54207012 | 490650 | SH |  | SOLE |  | 490650 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 386739 | 8860 | SH |  | DFND | 1 | 8860 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 75366745 | 1726615 | SH |  | SOLE |  | 1726615 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 28550582 | 427660 | SH |  | SOLE |  | 427660 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 13618846 | 116490 | SH |  | SOLE |  | 116490 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 24381712 | 264100 | SH |  | SOLE |  | 264100 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 32434891 | 352860 | SH |  | SOLE |  | 352860 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 284584 | 3096 | SH |  | DFND | 1 | 3096 | 0 | 0 |
| PROGRESSIVE CORP OHIO | COM | 743315103 |  | 11670537 | 193445 | SH |  | SOLE |  | 193445 | 0 | 0 |
| PROLOGIS INC | COM | 74340W103 |  | 24629223 | 419435 | SH |  | SOLE |  | 419435 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 47617280 | 836712 | SH |  | SOLE |  | 836712 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 5666035 | 89880 | SH |  | SOLE |  | 89880 | 0 | 0 |
| RESIDEO TECHNOLOGIES INC | COM | 76118Y104 |  | 753384 | 36661 | SH |  | SOLE |  | 36661 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 17141177 | 113910 | SH |  | SOLE |  | 113910 | 0 | 0 |
| ROYAL CARIBBEAN CRUISES LTD | COM | V7780T103 |  | 19522600 | 199638 | SH |  | SOLE |  | 199638 | 0 | 0 |
| ROYAL DUTCH SHELL PLC | SPON ADR B | 780259107 |  | 1298240 | 21659 | SH |  | DFND | 1 | 21659 | 0 | 0 |
| SCHWAB CHARLES CORP NEW | COM | 808513105 |  | 18545637 | 446560 | SH |  | SOLE |  | 446560 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 28106407 | 167310 | SH |  | SOLE |  | 167310 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 23700769 | 539635 | SH |  | SOLE |  | 539635 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 3434355 | 13700 | SH |  | SOLE |  | 13700 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 18007013 | 279612 | SH |  | SOLE |  | 279612 | 0 | 0 |
| SUNTRUST BKS INC | COM | 867914103 |  | 18248688 | 361790 | SH |  | SOLE |  | 361790 | 0 | 0 |
| SYNCHRONY FINL | COM | 87165B103 |  | 14293943 | 609290 | SH |  | SOLE |  | 609290 | 0 | 0 |
| SYNCHRONY FINL | COM | 87165B103 |  | 1196 | 51 | SH |  | DFND | 1 | 51 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 19235179 | 306977 | SH |  | SOLE |  | 306977 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 32478609 | 491430 | SH |  | SOLE |  | 491430 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 78569284 | 831421 | SH |  | SOLE |  | 831421 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 41929294 | 187360 | SH |  | SOLE |  | 187360 | 0 | 0 |
| TIFFANY  CO NEW | COM | 886547108 |  | 6935937 | 86150 | SH |  | SOLE |  | 86150 | 0 | 0 |
| TIFFANY  CO NEW | COM | 886547108 |  | 4428 | 55 | SH |  | DFND | 1 | 55 | 0 | 0 |
| TOTAL SYS SVCS INC | COM | 891906109 |  | 463272 | 5699 | SH |  | SOLE |  | 5699 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 17196100 | 143600 | SH |  | SOLE |  | 143600 | 0 | 0 |
| TWENTY FIRST CENTY FOX INC | CL A | 90130A101 |  | 21652460 | 449968 | SH |  | SOLE |  | 449968 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 52192883 | 377580 | SH |  | SOLE |  | 377580 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 857874 | 8796 | SH |  | SOLE |  | 8796 | 0 | 0 |
| UNITED TECHNOLOGIES CORP | COM | 913017109 |  | 43749438 | 410870 | SH |  | SOLE |  | 410870 | 0 | 0 |
| UNITED TECHNOLOGIES CORP | COM | 913017109 |  | 124156 | 1166 | SH |  | DFND | 1 | 1166 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 6228 | 25 | SH |  | DFND | 1 | 25 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 27694920 | 111171 | SH |  | SOLE |  | 111171 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 21639864 | 473520 | SH |  | SOLE |  | 473520 | 0 | 0 |
| V F CORP | COM | 918204108 |  | 557879 | 7820 | SH |  | SOLE |  | 7820 | 0 | 0 |
| VALERO ENERGY CORP NEW | COM | 91913Y100 |  | 22117649 | 295020 | SH |  | SOLE |  | 295020 | 0 | 0 |
| VENTAS INC | COM | 92276F100 |  | 18053044 | 308125 | SH |  | SOLE |  | 308125 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 64582163 | 1148740 | SH |  | SOLE |  | 1148740 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 9491869 | 57280 | SH |  | SOLE |  | 57280 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 37034107 | 280689 | SH |  | SOLE |  | 280689 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 308608 | 2339 | SH |  | DFND | 1 | 2339 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 29360034 | 429680 | SH |  | SOLE |  | 429680 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 31140977 | 334310 | SH |  | SOLE |  | 334310 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 182667 | 1961 | SH |  | DFND | 1 | 1961 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 17615633 | 253791 | SH |  | SOLE |  | 253791 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 7109926 | 416760 | SH |  | SOLE |  | 416760 | 0 | 0 |
| WILLIAMS COS INC DEL | COM | 969457100 |  | 18928823 | 858450 | SH |  | SOLE |  | 858450 | 0 | 0 |
| XILINX INC | COM | 983919101 |  | 13648493 | 160250 | SH |  | SOLE |  | 160250 | 0 | 0 |

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