# EDGAR Filing Document

**Accession Number:** 0001637689
**File Stem:** 0001172661-25-005305
**Filing Date:** 2025-12
**Character Count:** 37508
**Document Hash:** 97f4e9b549001f9523f90c47d7ea7f6d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-005305.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001172661-25-005305

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20151231

**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:** 251607822

**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:** 12-31-2015

**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:** 354

**Form 13F Information Table Value Total:** $2249897156

      (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 |  | 13820768 | 91747 | SH |  | SOLE |  | 91747 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 725970 | 16165 | SH |  | SOLE |  | 16165 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 7955517 | 134293 | SH |  | SOLE |  | 134293 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 2829906 | 47757 | SH |  | DFND | 1 | 47757 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 731918 | 7004 | SH |  | SOLE |  | 7004 | 0 | 0 |
| ACE LTD | SHS | H0023R105 |  | 3953620 | 33835 | SH |  | SOLE |  | 33835 | 0 | 0 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 452094 | 11679 | SH |  | SOLE |  | 11679 | 0 | 0 |
| ADOBE SYS INC | COM | 00724F101 |  | 881157 | 9380 | SH |  | SOLE |  | 9380 | 0 | 0 |
| AETNA INC NEW | COM | 00817Y108 |  | 994920 | 9202 | SH |  | SOLE |  | 9202 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 591632 | 9877 | SH |  | SOLE |  | 9877 | 0 | 0 |
| AGL RES INC | COM | 001204106 |  | 1587338 | 24876 | SH |  | SOLE |  | 24876 | 0 | 0 |
| ALCOA INC | COM | 013817101 |  | 184993 | 18743 | SH |  | SOLE |  | 18743 | 0 | 0 |
| ALEXION PHARMACEUTICALS INC | COM | 015351109 |  | 7312974 | 38338 | SH |  | SOLE |  | 38338 | 0 | 0 |
| ALLEGION PUB LTD CO | ORD SHS | G0176J109 |  | 497564 | 7548 | SH |  | SOLE |  | 7548 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 766749 | 12349 | SH |  | SOLE |  | 12349 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 22386201 | 29499 | SH |  | SOLE |  | 29499 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 22199737 | 28534 | SH |  | SOLE |  | 28534 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 122148 | 157 | SH |  | DFND | 1 | 157 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 3508994 | 60265 | SH |  | DFND | 1 | 60265 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 14188746 | 243751 | SH |  | SOLE |  | 243751 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 14587734 | 21583 | SH |  | SOLE |  | 21583 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 18925 | 28 | SH |  | DFND | 1 | 28 | 0 | 0 |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 |  | 697039 | 16459 | SH |  | SOLE |  | 16459 | 0 | 0 |
| AMERICAN CAPITAL AGENCY CORP | COM | 02503X105 |  | 1487524 | 85762 | SH |  | DFND | 1 | 85762 | 0 | 0 |
| AMERICAN ELEC PWR INC | COM | 025537101 |  | 15485019 | 265746 | SH |  | SOLE |  | 265746 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 7338568 | 105515 | SH |  | SOLE |  | 105515 | 0 | 0 |
| AMERICAN INTL GROUP INC | *W EXP 01/19/202 | 026874156 |  | 22154895 | 357510 | SH |  | SOLE |  | 357510 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 8715585 | 81898 | SH |  | SOLE |  | 81898 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 17803543 | 109675 | SH |  | SOLE |  | 109675 | 0 | 0 |
| ANNALY CAP MGMT INC | COM | 035710409 |  | 1450286 | 154572 | SH |  | DFND | 1 | 154572 | 0 | 0 |
| ANTHEM INC | COM | 036752103 |  | 1674814 | 12011 | SH |  | SOLE |  | 12011 | 0 | 0 |
| AON PLC | SHS CL A | G0408V102 |  | 389679 | 4226 | SH |  | SOLE |  | 4226 | 0 | 0 |
| APARTMENT INVT  MGMT CO | CL A | 03748R101 |  | 1093339 | 27313 | SH |  | SOLE |  | 27313 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 49027055 | 465771 | SH |  | SOLE |  | 465771 | 0 | 0 |
| ASSURANT INC | COM | 04621X108 |  | 577875 | 7175 | SH |  | SOLE |  | 7175 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 5380904 | 156333 | SH |  | DFND | 1 | 156333 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 7781443 | 226139 | SH |  | SOLE |  | 226139 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 10275519 | 121288 | SH |  | SOLE |  | 121288 | 0 | 0 |
| AUTONATION INC | COM | 05329W102 |  | 570529 | 9563 | SH |  | SOLE |  | 9563 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 1085414 | 1463 | SH |  | SOLE |  | 1463 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 589192 | 9403 | SH |  | SOLE |  | 9403 | 0 | 0 |
| BANK AMER CORP | COM | 060505104 |  | 17399308 | 1033827 | SH |  | SOLE |  | 1033827 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 2324849 | 56401 | SH |  | SOLE |  | 56401 | 0 | 0 |
| BAXALTA INC | COM | 07177M103 |  | 405092 | 10379 | SH |  | SOLE |  | 10379 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 14552876 | 94444 | SH |  | SOLE |  | 94444 | 0 | 0 |
| BED BATH  BEYOND INC | COM | 075896100 |  | 753520 | 15617 | SH |  | SOLE |  | 15617 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 11385809 | 86230 | SH |  | SOLE |  | 86230 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 1004698 | 32995 | SH |  | SOLE |  | 32995 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 6659436 | 21738 | SH |  | SOLE |  | 21738 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 7945353 | 23333 | SH |  | SOLE |  | 23333 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 7940015 | 54914 | SH |  | SOLE |  | 54914 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 754325 | 40907 | SH |  | SOLE |  | 40907 | 0 | 0 |
| BRISTOL MYERS SQUIBB CO | COM | 110122108 |  | 10076428 | 146481 | SH |  | SOLE |  | 146481 | 0 | 0 |
| BROADCOM CORP | CL A | 111320107 |  | 1317776 | 22791 | SH |  | SOLE |  | 22791 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 700206 | 11290 | SH |  | SOLE |  | 11290 | 0 | 0 |
| CA INC | COM | 12673P105 |  | 1135317 | 39752 | SH |  | SOLE |  | 39752 | 0 | 0 |
| CABLEVISION SYS CORP | CL A NY CABLVS | 12686C109 |  | 455054 | 14265 | SH |  | SOLE |  | 14265 | 0 | 0 |
| CAMERON INTERNATIONAL CORP | COM | 13342B105 |  | 461550 | 7303 | SH |  | SOLE |  | 7303 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 988933 | 11078 | SH |  | SOLE |  | 11078 | 0 | 0 |
| CATERPILLAR INC DEL | COM | 149123101 |  | 1142476 | 16811 | SH |  | SOLE |  | 16811 | 0 | 0 |
| CELGENE CORP | COM | 151020104 |  | 9672536 | 80766 | SH |  | SOLE |  | 80766 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 521240 | 28390 | SH |  | SOLE |  | 28390 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 842038 | 45850 | SH |  | DFND | 1 | 45850 | 0 | 0 |
| CENTURYLINK INC | COM | 156700106 |  | 1363898 | 54194 | SH |  | DFND | 1 | 54194 | 0 | 0 |
| CENTURYLINK INC | COM | 156700106 |  | 555281 | 22070 | SH |  | SOLE |  | 22070 | 0 | 0 |
| CHESAPEAKE ENERGY CORP | COM | 165167107 |  | 128273 | 28505 | SH |  | SOLE |  | 28505 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1780350 | 19785 | SH |  | DFND | 1 | 19785 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 6778846 | 75354 | SH |  | SOLE |  | 75354 | 0 | 0 |
| CHUBB CORP | COM | 171232101 |  | 6540611 | 49311 | SH |  | SOLE |  | 49311 | 0 | 0 |
| CIGNA CORPORATION | COM | 125509109 |  | 967973 | 6615 | SH |  | SOLE |  | 6615 | 0 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 841989 | 14230 | SH |  | SOLE |  | 14230 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 829283 | 9108 | SH |  | SOLE |  | 9108 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 918635 | 33820 | SH |  | DFND | 1 | 33820 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 10045639 | 369937 | SH |  | SOLE |  | 369937 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 14644474 | 282985 | SH |  | SOLE |  | 282985 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 3729985 | 72077 | SH |  | DFND | 1 | 72077 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 1337169 | 10543 | SH |  | SOLE |  | 10543 | 0 | 0 |
| COACH INC | COM | 189754104 |  | 358394 | 10950 | SH |  | SOLE |  | 10950 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 3674395 | 85507 | SH |  | DFND | 1 | 85507 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 3383530 | 78760 | SH |  | SOLE |  | 78760 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 14597764 | 258688 | SH |  | SOLE |  | 258688 | 0 | 0 |
| COMMUNICATIONS SALES IN | COM | 20341J104 |  | 1438817 | 76962 | SH |  | DFND | 1 | 76962 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 5867205 | 125663 | SH |  | SOLE |  | 125663 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 473287 | 10134 | SH |  | DFND | 1 | 10134 | 0 | 0 |
| CONSOL ENERGY INC | COM | 20854P109 |  | 138084 | 17479 | SH |  | SOLE |  | 17479 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 372908 | 2618 | SH |  | SOLE |  | 2618 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 489520 | 26779 | SH |  | SOLE |  | 26779 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 767125 | 4750 | SH |  | SOLE |  | 4750 | 0 | 0 |
| CRESCENT PT ENERGY CORP | COM | 22576C101 |  | 127129 | 10952 | SH |  | DFND | 1 | 10952 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 6620909 | 255141 | SH |  | SOLE |  | 255141 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 589491 | 6698 | SH |  | SOLE |  | 6698 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 7393661 | 75623 | SH |  | SOLE |  | 75623 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 295957 | 9240 | SH |  | SOLE |  | 9240 | 0 | 0 |
| DANAHER CORP DEL | COM | 235851102 |  | 11232907 | 120940 | SH |  | SOLE |  | 120940 | 0 | 0 |
| DENTSPLY INTL INC NEW | COM | 249030107 |  | 818798 | 13456 | SH |  | SOLE |  | 13456 | 0 | 0 |
| DISCOVER FINL SVCS | COM | 254709108 |  | 406172 | 7575 | SH |  | SOLE |  | 7575 | 0 | 0 |
| DISCOVERY COMMUNICATNS NEW | COM SER C | 25470F302 |  | 239313 | 9489 | SH |  | SOLE |  | 9489 | 0 | 0 |
| DISNEY WALT CO | COM DISNEY | 254687106 |  | 16985972 | 161648 | SH |  | SOLE |  | 161648 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 345298 | 5632 | SH |  | SOLE |  | 5632 | 0 | 0 |
| DOW CHEM CO | COM | 260543103 |  | 11371572 | 220893 | SH |  | SOLE |  | 220893 | 0 | 0 |
| DOW CHEM CO | COM | 260543103 |  | 251034 | 4875 | SH |  | DFND | 1 | 4875 | 0 | 0 |
| DR PEPPER SNAPPLE GROUP INC | COM | 26138E109 |  | 516235 | 5539 | SH |  | SOLE |  | 5539 | 0 | 0 |
| DU PONT E I DE NEMOURS  CO | COM | 263534109 |  | 11064325 | 166131 | SH |  | SOLE |  | 166131 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 1268594 | 17765 | SH |  | DFND | 1 | 17765 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 19491183 | 273024 | SH |  | SOLE |  | 273024 | 0 | 0 |
| E M C CORP MASS | COM | 268648102 |  | 328653 | 12798 | SH |  | SOLE |  | 12798 | 0 | 0 |
| E M C CORP MASS | COM | 268648102 |  | 5521 | 215 | SH |  | DFND | 1 | 215 | 0 | 0 |
| E TRADE FINANCIAL CORP | COM NEW | 269246401 |  | 238454 | 8045 | SH |  | SOLE |  | 8045 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 265989 | 3940 | SH |  | SOLE |  | 3940 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 578841 | 11123 | SH |  | SOLE |  | 11123 | 0 | 0 |
| EBAY INC | COM | 278642103 |  | 322945 | 11752 | SH |  | SOLE |  | 11752 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 10150767 | 88746 | SH |  | SOLE |  | 88746 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 993252 | 12576 | SH |  | SOLE |  | 12576 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 541376 | 7878 | SH |  | SOLE |  | 7878 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 321896 | 6730 | SH |  | SOLE |  | 6730 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 473313 | 9893 | SH |  | DFND | 1 | 9893 | 0 | 0 |
| ENERPLUS CORP | COM | 292766102 |  | 660676 | 193156 | SH |  | DFND | 1 | 193156 | 0 | 0 |
| ENSCO PLC | SHS CLASS A | G3157S106 |  | 359357 | 23350 | SH |  | SOLE |  | 23350 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 156656 | 2291 | SH |  | DFND | 1 | 2291 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 1860896 | 27222 | SH |  | SOLE |  | 27222 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 5213825 | 73652 | SH |  | SOLE |  | 73652 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 422872 | 3797 | SH |  | SOLE |  | 3797 | 0 | 0 |
| EQUINIX INC | COM PAR $0.001 | 29444U700 |  | 313589 | 1037 | SH |  | SOLE |  | 1037 | 0 | 0 |
| EXPEDIA INC DEL | COM NEW | 30212P303 |  | 205219 | 1651 | SH |  | SOLE |  | 1651 | 0 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 746180 | 16545 | SH |  | SOLE |  | 16545 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 2458988 | 31537 | SH |  | DFND | 1 | 31537 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 52347634 | 671554 | SH |  | SOLE |  | 671554 | 0 | 0 |
| FACEBOOK INC | CL A | 30303M102 |  | 18532356 | 177072 | SH |  | SOLE |  | 177072 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 703123 | 10655 | SH |  | SOLE |  | 10655 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 846188 | 9252 | SH |  | SOLE |  | 9252 | 0 | 0 |
| FLUOR CORP NEW | COM | 343412102 |  | 552380 | 11698 | SH |  | SOLE |  | 11698 | 0 | 0 |
| FOSSIL GROUP INC | COM | 34988V106 |  | 607810 | 16625 | SH |  | SOLE |  | 16625 | 0 | 0 |
| FRANKLIN RES INC | COM | 354613101 |  | 7283070 | 197802 | SH |  | SOLE |  | 197802 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 133931 | 19783 | SH |  | SOLE |  | 19783 | 0 | 0 |
| FRONTIER COMMUNICATIONS CORP | COM | 35906A108 |  | 648380 | 138801 | SH |  | DFND | 1 | 138801 | 0 | 0 |
| GAP INC DEL | COM | 364760108 |  | 735986 | 29797 | SH |  | SOLE |  | 29797 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 886505 | 23850 | SH |  | SOLE |  | 23850 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 1246171 | 33517 | SH |  | DFND | 1 | 33517 | 0 | 0 |
| GENERAL ELECTRIC CO | COM | 369604103 |  | 23421280 | 751887 | SH |  | SOLE |  | 751887 | 0 | 0 |
| GENERAL ELECTRIC CO | COM | 369604103 |  | 96584 | 3109 | SH |  | DFND | 1 | 3109 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 11289251 | 195790 | SH |  | SOLE |  | 195790 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 464118 | 8047 | SH |  | DFND | 1 | 8047 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 1063221 | 31262 | SH |  | SOLE |  | 31262 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 357904 | 4167 | SH |  | SOLE |  | 4167 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 14301385 | 141332 | SH |  | SOLE |  | 141332 | 0 | 0 |
| GLOBAL X FDS | GLBX MSCI COLUM | 37950E200 |  | 342867 | 45901 | SH |  | SOLE |  | 45901 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 11740723 | 65143 | SH |  | SOLE |  | 65143 | 0 | 0 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 |  | 903685 | 27661 | SH |  | SOLE |  | 27661 | 0 | 0 |
| HARLEY DAVIDSON INC | COM | 412822108 |  | 537917 | 11851 | SH |  | SOLE |  | 11851 | 0 | 0 |
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 |  | 739472 | 17015 | SH |  | SOLE |  | 17015 | 0 | 0 |
| HASBRO INC | COM | 418056107 |  | 376475 | 5589 | SH |  | SOLE |  | 5589 | 0 | 0 |
| HCP INC | COM | 40414L109 |  | 1171691 | 30632 | SH |  | DFND | 1 | 30632 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 21308913 | 161126 | SH |  | SOLE |  | 161126 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 20432600 | 197283 | SH |  | SOLE |  | 197283 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 |  | 395954 | 5007 | SH |  | SOLE |  | 5007 | 0 | 0 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 199512 | 13006 | SH |  | SOLE |  | 13006 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 16017236 | 172823 | SH |  | SOLE |  | 172823 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 1753335 | 50881 | SH |  | DFND | 1 | 50881 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 19325830 | 560982 | SH |  | SOLE |  | 560982 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 156104 | 1134 | SH |  | DFND | 1 | 1134 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 10824914 | 78658 | SH |  | SOLE |  | 78658 | 0 | 0 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 396128 | 3311 | SH |  | SOLE |  | 3311 | 0 | 0 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 397273 | 17065 | SH |  | SOLE |  | 17065 | 0 | 0 |
| INTL PAPER CO | COM | 460146103 |  | 611004 | 16207 | SH |  | SOLE |  | 16207 | 0 | 0 |
| ISHARES | MSCI THI CAP ETF | 464286624 |  | 588278 | 10019 | SH |  | SOLE |  | 10019 | 0 | 0 |
| ISHARES | MSCI BRZ CAP ETF | 464286400 |  | 800818 | 38674 | SH |  | SOLE |  | 38674 | 0 | 0 |
| ISHARES | MSCI ISR CAP ETF | 464286632 |  | 1408305 | 28622 | SH |  | DFND | 1 | 28622 | 0 | 0 |
| ISHARES | MSCI STH AFR ETF | 464286780 |  | 308172 | 6589 | SH |  | SOLE |  | 6589 | 0 | 0 |
| ISHARES | MSCI CH CAP ETF | 464286640 |  | 487733 | 15260 | SH |  | SOLE |  | 15260 | 0 | 0 |
| ISHARES | MSCI MEX CAP ETF | 464286822 |  | 532427 | 10671 | SH |  | SOLE |  | 10671 | 0 | 0 |
| ISHARES TR | MSCI INDONIA ETF | 46429B309 |  | 486799 | 23295 | SH |  | SOLE |  | 23295 | 0 | 0 |
| ISHARES TR | CORE MSCI PAC | 46434V696 |  | 1193329 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 318600525 | 9897500 | SH |  | SOLE |  | 9897500 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 553868 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| ISHARES TR | USA MIN VOL ETF | 46429B697 |  | 7570888 | 180800 | SH |  | SOLE |  | 180800 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 373404000 | 11600000 | SH | Put | SOLE |  | 11600000 | 0 | 0 |
| ISHARES TR | MSCI PHILIPS ETF | 46429B408 |  | 666995 | 19743 | SH |  | SOLE |  | 19743 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 4539217 | 44178 | SH |  | DFND | 1 | 44178 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 42112940 | 409978 | SH |  | SOLE |  | 409978 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 23600245 | 357417 | SH |  | SOLE |  | 357417 | 0 | 0 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 1608721 | 58287 | SH |  | SOLE |  | 58287 | 0 | 0 |
| KELLOGG CO | COM | 487836108 |  | 1129002 | 15622 | SH |  | SOLE |  | 15622 | 0 | 0 |
| KEURIG GREEN MTN INC | COM | 49271M100 |  | 540960 | 6012 | SH |  | SOLE |  | 6012 | 0 | 0 |
| KIMBERLY CLARK CORP | COM | 494368103 |  | 365707 | 2872 | SH |  | DFND | 1 | 2872 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 836049 | 56020 | SH |  | DFND | 1 | 56020 | 0 | 0 |
| KOHLS CORP | COM | 500255104 |  | 707687 | 14858 | SH |  | SOLE |  | 14858 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 450873 | 6195 | SH |  | DFND | 1 | 6195 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 874456 | 20905 | SH |  | SOLE |  | 20905 | 0 | 0 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 |  | 792161 | 6407 | SH |  | SOLE |  | 6407 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 922034 | 21026 | SH |  | DFND | 1 | 21026 | 0 | 0 |
| LEUCADIA NATL CORP | COM | 527288104 |  | 355869 | 20464 | SH |  | SOLE |  | 20464 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 571873 | 6787 | SH |  | SOLE |  | 6787 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 1012579 | 12014 | SH |  | DFND | 1 | 12014 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 303225 | 1396 | SH |  | DFND | 1 | 1396 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 890315 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| LOEWS CORP | COM | 540424108 |  | 1092365 | 28447 | SH |  | SOLE |  | 28447 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 422022 | 5550 | SH |  | SOLE |  | 5550 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 632284 | 7276 | SH |  | SOLE |  | 7276 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 130386 | 1500 | SH |  | DFND | 1 | 1500 | 0 | 0 |
| MACYS INC | COM | 55616P104 |  | 350430 | 10018 | SH |  | SOLE |  | 10018 | 0 | 0 |
| MALLINCKRODT PUB LTD CO | SHS | G5785G107 |  | 323446 | 4334 | SH |  | SOLE |  | 4334 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 1198489 | 23119 | SH |  | SOLE |  | 23119 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 5632299 | 84014 | SH |  | SOLE |  | 84014 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 303602 | 10728 | SH |  | SOLE |  | 10728 | 0 | 0 |
| MASTERCARD INC | CL A | 57636Q104 |  | 14065015 | 144464 | SH |  | SOLE |  | 144464 | 0 | 0 |
| MATTEL INC | COM | 577081102 |  | 1443642 | 53119 | SH |  | DFND | 1 | 53119 | 0 | 0 |
| MATTEL INC | COM | 577081102 |  | 133296 | 4906 | SH |  | SOLE |  | 4906 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 7902148 | 66888 | SH |  | SOLE |  | 66888 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 169693 | 1436 | SH |  | DFND | 1 | 1436 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 767027 | 3889 | SH |  | SOLE |  | 3889 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 8889491 | 115568 | SH |  | SOLE |  | 115568 | 0 | 0 |
| MERCK  CO INC NEW | COM | 58933Y105 |  | 23260185 | 440367 | SH |  | SOLE |  | 440367 | 0 | 0 |
| MERCK  CO INC NEW | COM | 58933Y105 |  | 2784964 | 52711 | SH |  | DFND | 1 | 52711 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 11868338 | 246180 | SH |  | SOLE |  | 246180 | 0 | 0 |
| MICHAEL KORS HLDGS LTD | SHS | G60754101 |  | 839497 | 20956 | SH |  | SOLE |  | 20956 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC | COM | 595017104 |  | 324523 | 6973 | SH |  | SOLE |  | 6973 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 4523355 | 319446 | SH |  | SOLE |  | 319446 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 45826 | 826 | SH |  | DFND | 1 | 826 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 41945432 | 756046 | SH |  | SOLE |  | 756046 | 0 | 0 |
| MOLSON COORS BREWING CO | CL B | 60871R209 |  | 756901 | 8059 | SH |  | SOLE |  | 8059 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 9582173 | 213697 | SH |  | SOLE |  | 213697 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 440624 | 2958 | SH |  | SOLE |  | 2958 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 396606 | 14375 | SH |  | SOLE |  | 14375 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 481997 | 8286 | SH |  | SOLE |  | 8286 | 0 | 0 |
| NATIONAL OILWELL VARCO INC | COM | 637071101 |  | 1245928 | 37203 | SH |  | SOLE |  | 37203 | 0 | 0 |
| NAVIENT CORP | COM | 63938C108 |  | 465591 | 40663 | SH |  | SOLE |  | 40663 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 1246751 | 46994 | SH |  | SOLE |  | 46994 | 0 | 0 |
| NEWELL RUBBERMAID INC | COM | 651229106 |  | 343648 | 7796 | SH |  | SOLE |  | 7796 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 15135250 | 242164 | SH |  | SOLE |  | 242164 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 373890 | 19164 | SH |  | SOLE |  | 19164 | 0 | 0 |
| NORDSTROM INC | COM | 655664100 |  | 344884 | 6924 | SH |  | SOLE |  | 6924 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 291900 | 1546 | SH |  | SOLE |  | 1546 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 167946 | 14269 | SH |  | SOLE |  | 14269 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 550095 | 13650 | SH |  | SOLE |  | 13650 | 0 | 0 |
| NVIDIA CORP | COM | 67066G104 |  | 638369 | 19368 | SH |  | SOLE |  | 19368 | 0 | 0 |
| O REILLY AUTOMOTIVE INC NEW | COM | 67103H107 |  | 321083 | 1267 | SH |  | SOLE |  | 1267 | 0 | 0 |
| OCCIDENTAL PETE CORP DEL | COM | 674599105 |  | 6437080 | 95209 | SH |  | SOLE |  | 95209 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 687612 | 27876 | SH |  | DFND | 1 | 27876 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 152966 | 6203 | SH |  | SOLE |  | 6203 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 11580777 | 317021 | SH |  | SOLE |  | 317021 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 7450379 | 157181 | SH |  | SOLE |  | 157181 | 0 | 0 |
| PARKER HANNIFIN CORP | COM | 701094104 |  | 5323426 | 54892 | SH |  | SOLE |  | 54892 | 0 | 0 |
| PEOPLES UNITED FINANCIAL INC | COM | 712704105 |  | 646258 | 40016 | SH |  | SOLE |  | 40016 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 13932645 | 139438 | SH |  | SOLE |  | 139438 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 19052947 | 590240 | SH |  | SOLE |  | 590240 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 3398957 | 105267 | SH |  | DFND | 1 | 105267 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 13040394 | 148338 | SH |  | SOLE |  | 148338 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 4006022 | 45557 | SH |  | DFND | 1 | 45557 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 779472 | 9529 | SH |  | SOLE |  | 9529 | 0 | 0 |
| PITNEY BOWES INC | COM | 724479100 |  | 410460 | 19877 | SH |  | SOLE |  | 19877 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 5003966 | 52502 | SH |  | SOLE |  | 52502 | 0 | 0 |
| POTASH CORP SASK INC | COM | 73755L107 |  | 1546395 | 90612 | SH |  | DFND | 1 | 90612 | 0 | 0 |
| PPL CORP | COM | 69351T106 |  | 156666 | 4589 | SH |  | DFND | 1 | 4589 | 0 | 0 |
| PPL CORP | COM | 69351T106 |  | 12822675 | 375701 | SH |  | SOLE |  | 375701 | 0 | 0 |
| PRAXAIR INC | COM | 74005P104 |  | 15432806 | 150711 | SH |  | SOLE |  | 150711 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 22768118 | 286716 | SH |  | SOLE |  | 286716 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 5379210 | 67721 | SH |  | DFND | 1 | 67721 | 0 | 0 |
| PROGRESSIVE CORP OHIO | COM | 743315103 |  | 563273 | 17713 | SH |  | SOLE |  | 17713 | 0 | 0 |
| PROLOGIS INC | COM | 74340W103 |  | 19148071 | 446134 | SH |  | SOLE |  | 446134 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 5943 | 73 | SH |  | DFND | 1 | 73 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 668946 | 8217 | SH |  | SOLE |  | 8217 | 0 | 0 |
| PUBLIC STORAGE | COM | 74460D109 |  | 1071798 | 4327 | SH |  | SOLE |  | 4327 | 0 | 0 |
| PVH CORP | COM | 693656100 |  | 262047 | 3558 | SH |  | SOLE |  | 3558 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 15237028 | 304832 | SH |  | SOLE |  | 304832 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 631739 | 31197 | SH |  | SOLE |  | 31197 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 1232145 | 17320 | SH |  | SOLE |  | 17320 | 0 | 0 |
| RAYTHEON CO | COM NEW | 755111507 |  | 349307 | 2805 | SH |  | SOLE |  | 2805 | 0 | 0 |
| RED HAT INC | COM | 756577102 |  | 796798 | 9622 | SH |  | SOLE |  | 9622 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 497812 | 917 | SH |  | SOLE |  | 917 | 0 | 0 |
| REYNOLDS AMERICAN INC | COM | 761713106 |  | 840761 | 18218 | SH |  | SOLE |  | 18218 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 439171 | 4280 | SH |  | SOLE |  | 4280 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 405012 | 2134 | SH |  | SOLE |  | 2134 | 0 | 0 |
| ROYAL CARIBBEAN CRUISES LTD | COM | V7780T103 |  | 351401 | 3472 | SH |  | SOLE |  | 3472 | 0 | 0 |
| ROYAL DUTCH SHELL PLC | SPON ADR B | 780259107 |  | 997180 | 21659 | SH |  | DFND | 1 | 21659 | 0 | 0 |
| RYDER SYS INC | COM | 783549108 |  | 255678 | 4499 | SH |  | SOLE |  | 4499 | 0 | 0 |
| RYDEX ETF TRUST | GUG S EQ WT | 78355W106 |  | 16422288 | 214000 | SH |  | SOLE |  | 214000 | 0 | 0 |
| SALESFORCE COM INC | COM | 79466L302 |  | 616146 | 7859 | SH |  | SOLE |  | 7859 | 0 | 0 |
| SANDISK CORP | COM | 80004C101 |  | 876013 | 11528 | SH |  | SOLE |  | 11528 | 0 | 0 |
| SCANA CORP NEW | COM | 80589M102 |  | 796290 | 13164 | SH |  | SOLE |  | 13164 | 0 | 0 |
| SCHLUMBERGER LTD | COM | 806857108 |  | 1157512 | 16646 | SH |  | DFND | 1 | 16646 | 0 | 0 |
| SCHLUMBERGER LTD | COM | 806857108 |  | 9361705 | 134218 | SH |  | SOLE |  | 134218 | 0 | 0 |
| SCHWAB CHARLES CORP NEW | COM | 808513105 |  | 3674198 | 111576 | SH |  | SOLE |  | 111576 | 0 | 0 |
| SCRIPPS NETWORKS INTERACT IN | CL A COM | 811065101 |  | 729600 | 13215 | SH |  | SOLE |  | 13215 | 0 | 0 |
| SEADRILL LIMITED | SHS | G7945E105 |  | 57061 | 16528 | SH |  | DFND | 1 | 16528 | 0 | 0 |
| SEAGATE TECHNOLOGY PLC | SHS | G7945M107 |  | 1373773 | 37463 | SH |  | DFND | 1 | 37463 | 0 | 0 |
| SEAGATE TECHNOLOGY PLC | SHS | G7945M107 |  | 1148814 | 31337 | SH |  | SOLE |  | 31337 | 0 | 0 |
| SHAW COMMUNICATIONS INC | CL B CONV | 82028K200 |  | 197997 | 11553 | SH |  | DFND | 1 | 11553 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 15053350 | 77419 | SH |  | SOLE |  | 77419 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 435946 | 2543 | SH |  | SOLE |  | 2543 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 2386153 | 50983 | SH |  | DFND | 1 | 50983 | 0 | 0 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 236313 | 5488 | SH |  | SOLE |  | 5488 | 0 | 0 |
| SOUTHWESTERN ENERGY CO | COM | 845467109 |  | 125655 | 17673 | SH |  | SOLE |  | 17673 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 27190797 | 133200 | SH |  | SOLE |  | 133200 | 0 | 0 |
| SPECTRA ENERGY CORP | COM | 847560109 |  | 559071 | 23353 | SH |  | SOLE |  | 23353 | 0 | 0 |
| SPECTRA ENERGY CORP | COM | 847560109 |  | 503549 | 21028 | SH |  | DFND | 1 | 21028 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 5751895 | 95817 | SH |  | SOLE |  | 95817 | 0 | 0 |
| STARWOOD HOTELS WRLD | COM | 85590A401 |  | 8449250 | 121958 | SH |  | SOLE |  | 121958 | 0 | 0 |
| SUNTRUST BKS INC | COM | 867914103 |  | 319972 | 7469 | SH |  | SOLE |  | 7469 | 0 | 0 |
| SYMANTEC CORP | COM | 871503108 |  | 33873 | 1613 | SH |  | DFND | 1 | 1613 | 0 | 0 |
| SYMANTEC CORP | COM | 871503108 |  | 3250569 | 154789 | SH |  | SOLE |  | 154789 | 0 | 0 |
| SYNCHRONY FINL | COM | 87165B103 |  | 1551 | 51 | SH |  | DFND | 1 | 51 | 0 | 0 |
| SYNCHRONY FINL | COM | 87165B103 |  | 221263 | 7276 | SH |  | SOLE |  | 7276 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 318412 | 7764 | SH |  | DFND | 1 | 7764 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 1077357 | 26277 | SH |  | SOLE |  | 26277 | 0 | 0 |
| TE CONNECTIVITY LTD | REG SHS | H84989104 |  | 299274 | 4632 | SH |  | SOLE |  | 4632 | 0 | 0 |
| TECO ENERGY INC | COM | 872375100 |  | 440178 | 16517 | SH |  | SOLE |  | 16517 | 0 | 0 |
| TEGNA INC | COM | 87901J105 |  | 269848 | 10574 | SH |  | SOLE |  | 10574 | 0 | 0 |
| TESORO CORP | COM | 881609101 |  | 1091633 | 10360 | SH |  | SOLE |  | 10360 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | ADR | 881624209 |  | 270756 | 4134 | SH |  | DFND | 1 | 4134 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 11026511 | 201177 | SH |  | SOLE |  | 201177 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 15491013 | 109207 | SH |  | SOLE |  | 109207 | 0 | 0 |
| TIME WARNER CABLE INC | COM | 88732J207 |  | 1268322 | 6834 | SH |  | SOLE |  | 6834 | 0 | 0 |
| TIME WARNER INC | COM NEW | 887317303 |  | 6583923 | 101808 | SH |  | SOLE |  | 101808 | 0 | 0 |
| TOTAL SYS SVCS INC | COM | 891906109 |  | 509603 | 10233 | SH |  | SOLE |  | 10233 | 0 | 0 |
| TRANSALTA CORP | COM | 89346D107 |  | 1171873 | 331446 | SH |  | DFND | 1 | 331446 | 0 | 0 |
| TRANSOCEAN LTD | REG SHS | H8817H100 |  | 490756 | 39641 | SH |  | SOLE |  | 39641 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 5882037 | 52118 | SH |  | SOLE |  | 52118 | 0 | 0 |
| TWENTY FIRST CENTY FOX INC | CL A | 90130A101 |  | 6619707 | 243730 | SH |  | SOLE |  | 243730 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 656546 | 12311 | SH |  | SOLE |  | 12311 | 0 | 0 |
| UNDER ARMOUR INC | CL A | 904311107 |  | 2733082 | 33905 | SH |  | SOLE |  | 33905 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 11015799 | 140867 | SH |  | SOLE |  | 140867 | 0 | 0 |
| UNITED CONTL HLDGS INC | COM | 910047109 |  | 826610 | 14426 | SH |  | SOLE |  | 14426 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 4767427 | 49542 | SH |  | SOLE |  | 49542 | 0 | 0 |
| UNITED TECHNOLOGIES CORP | COM | 913017109 |  | 25939 | 270 | SH |  | DFND | 1 | 270 | 0 | 0 |
| UNITED TECHNOLOGIES CORP | COM | 913017109 |  | 12669808 | 131881 | SH |  | SOLE |  | 131881 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 8605013 | 73147 | SH |  | SOLE |  | 73147 | 0 | 0 |
| UNUM GROUP | COM | 91529Y106 |  | 563799 | 16936 | SH |  | SOLE |  | 16936 | 0 | 0 |
| URBAN OUTFITTERS INC | COM | 917047102 |  | 1114978 | 49010 | SH |  | SOLE |  | 49010 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 16296014 | 381908 | SH |  | SOLE |  | 381908 | 0 | 0 |
| VALERO ENERGY CORP NEW | COM | 91913Y100 |  | 1244637 | 17602 | SH |  | SOLE |  | 17602 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1378882 | 42100 | SH |  | SOLE |  | 42100 | 0 | 0 |
| VARIAN MED SYS INC | COM | 92220P105 |  | 429937 | 5321 | SH |  | SOLE |  | 5321 | 0 | 0 |
| VENTAS INC | COM | 92276F100 |  | 541878 | 9600 | SH |  | DFND | 1 | 9600 | 0 | 0 |
| VEREIT INC | COM | 92339V100 |  | 144675 | 18262 | SH |  | DFND | 1 | 18262 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 1119868 | 12819 | SH |  | SOLE |  | 12819 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 9863348 | 213400 | SH |  | SOLE |  | 213400 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 7164131 | 56935 | SH |  | SOLE |  | 56935 | 0 | 0 |
| VIACOM INC NEW | CL B | 92553P201 |  | 329733 | 8011 | SH |  | SOLE |  | 8011 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 12145571 | 156616 | SH |  | SOLE |  | 156616 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 202191 | 2129 | SH |  | SOLE |  | 2129 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 252399 | 2964 | SH |  | SOLE |  | 2964 | 0 | 0 |
| WAL-MART STORES INC | COM | 931142103 |  | 1075615 | 17546 | SH |  | DFND | 1 | 17546 | 0 | 0 |
| WAL-MART STORES INC | COM | 931142103 |  | 3965558 | 64691 | SH |  | SOLE |  | 64691 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 857005 | 6368 | SH |  | SOLE |  | 6368 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 1313228 | 25594 | SH |  | SOLE |  | 25594 | 0 | 0 |
| WELLS FARGO  CO NEW | COM | 949746101 |  | 24425035 | 449320 | SH |  | SOLE |  | 449320 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 1752139 | 29178 | SH |  | SOLE |  | 29178 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 1119285 | 62495 | SH |  | SOLE |  | 62495 | 0 | 0 |
| WESTROCK CO | COM | 96145D105 |  | 319796 | 7010 | SH |  | SOLE |  | 7010 | 0 | 0 |
| WEYERHAEUSER CO | COM | 962166104 |  | 6526796 | 217705 | SH |  | SOLE |  | 217705 | 0 | 0 |
| WHOLE FOODS MKT INC | COM | 966837106 |  | 1177827 | 35159 | SH |  | SOLE |  | 35159 | 0 | 0 |
| WILLIAMS COS INC DEL | COM | 969457100 |  | 775352 | 30161 | SH |  | DFND | 1 | 30161 | 0 | 0 |
| XL GROUP PLC | SHS | G98290102 |  | 1572881 | 40145 | SH |  | SOLE |  | 40145 | 0 | 0 |
| ZIONS BANCORPORATION | COM | 989701107 |  | 244963 | 8973 | SH |  | SOLE |  | 8973 | 0 | 0 |

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