# EDGAR Filing Document

**Accession Number:** 0001519676
**File Stem:** 0001519676-23-000002
**Filing Date:** 2023-2
**Character Count:** 17302
**Document Hash:** cc78cb56794bbc764c720bf318ac85dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001519676-23-000002.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001519676-23-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Stelac Advisory Services LLC
- **CENTRAL INDEX KEY:** 0001519676
- **IRS NUMBER:** 260437642
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14456
- **FILM NUMBER:** 23628307

**BUSINESS ADDRESS:**
- **STREET 1:** 654 MADISON AVENUE
- **STREET 2:** 11TH FL
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10065
- **BUSINESS PHONE:** 212-920-3890

**MAIL ADDRESS:**
- **STREET 1:** 654 MADISON AVENUE
- **STREET 2:** 11TH FL
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10065

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Stelac Advisory Services LLC<br>**Address:** 654 Madison Avenue<br>11th Fl<br>New York, NY 10065

**Form 13F File Number:** 028-14456

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:** LINA ARIAS<br>**Title:** CCO<br>**Phone:** 212-920-3890

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

LINA ARIAS  NEW YORK, NY  06-28-2022<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:** 0

**Form 13F Information Table Entry Total:** 148

**Form 13F Information Table Value Total:** $220436566

      (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.]

**NONE**

### 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 |
| SPDR S 500 ETF TR | COM | 78462F103 |  | 16992585 | 44439 | SH |  | DFND |  | 0 | 0 | 44439 |
| PROLOGIS INC. | COM | 74340W103 |  | 12572326 | 111526 | SH |  | DFND |  | 0 | 0 | 111526 |
| VANGUARD INTL EQUITY INDEX F | COM | 922042874 |  | 10306130 | 185897 | SH |  | DFND |  | 0 | 0 | 185897 |
| BP PLC | COM | 055622104 |  | 8777210 | 251280 | SH |  | DFND |  | 0 | 0 | 251280 |
| INVESCO EXCHANGE TRADED FD T | COM | 46137V373 |  | 6589359 | 38645 | SH |  | DFND |  | 0 | 0 | 38645 |
| MICROSOFT CORP | COM | 594918104 |  | 6332687 | 26406 | SH |  | DFND |  | 0 | 0 | 26406 |
| BERKSHIRE HATHAWAY INC DEL | COM | 084670702 |  | 5685419 | 18401 | SH |  | DFND |  | 0 | 0 | 18401 |
| AMAZON COM INC | COM | 023135106 |  | 5631974 | 66914 | SH |  | DFND |  | 0 | 0 | 66914 |
| DISNEY WALT CO | COM | 254687106 |  | 5565098 | 64055 | SH |  | DFND |  | 0 | 0 | 64055 |
| ISHARES TR | COM | 464288224 |  | 5563161 | 280260 | SH |  | DFND |  | 0 | 0 | 280260 |
| INVESCO EXCHANGE TRADED FD T | COM | 46137V332 |  | 5248630 | 18195 | SH |  | DFND |  | 0 | 0 | 18195 |
| ISHARES TR | COM | 464287168 |  | 5157546 | 42764 | SH |  | DFND |  | 0 | 0 | 42764 |
| VANGUARD WORLD FDS | COM | 92204A207 |  | 4856300 | 25350 | SH |  | DFND |  | 0 | 0 | 25350 |
| ISHARES INC | COM | 46434G764 |  | 4489475 | 94575 | SH |  | DFND |  | 0 | 0 | 94575 |
| VANGUARD INDEX FDS | COM | 922908363 |  | 4397371 | 12516 | SH |  | DFND |  | 0 | 0 | 12516 |
| ISHARES TR | COM | 464288810 |  | 4395115 | 83605 | SH |  | DFND |  | 0 | 0 | 83605 |
| ALIBABA GROUP HLDG LTD | COM | 01609W102 |  | 4275448 | 48535 | SH |  | DFND |  | 0 | 0 | 48535 |
| ISHARES INC | COM | 46434G822 |  | 3834971 | 70444 | SH |  | DFND |  | 0 | 0 | 70444 |
| ETF MANAGERS TR | COM | 26924G201 |  | 3833011 | 87015 | SH |  | DFND |  | 0 | 0 | 87015 |
| SALESFORCE INC | COM | 79466L302 |  | 3784649 | 28544 | SH |  | DFND |  | 0 | 0 | 28544 |
| INVESCO EXCHANGE TRADED FD T | COM | 46137V357 |  | 3583654 | 25371 | SH |  | DFND |  | 0 | 0 | 25371 |
| ISHARES TR | COM | 464287234 |  | 3517954 | 92822 | SH |  | DFND |  | 0 | 0 | 92822 |
| SPDR DOW JONES INDL AVERAGE | COM | 78467X109 |  | 3283214 | 9908 | SH |  | DFND |  | 0 | 0 | 9908 |
| ISHARES TR | COM | 464288372 |  | 2902360 | 63315 | SH |  | DFND |  | 0 | 0 | 63315 |
| GLOBAL X FDS | COM | 37954Y814 |  | 2839953 | 147530 | SH |  | DFND |  | 0 | 0 | 147530 |
| FLEXSHARES TR | COM | 33939L407 |  | 2835592 | 64441 | SH |  | DFND |  | 0 | 0 | 64441 |
| ISHARES TR | COM | 464287861 |  | 2658795 | 58706 | SH |  | DFND |  | 0 | 0 | 58706 |
| VANGUARD INDEX FDS | COM | 922908553 |  | 2647205 | 32099 | SH |  | DFND |  | 0 | 0 | 32099 |
| INVESCO EXCHANGE TRADED FD T | COM | 46137V274 |  | 2542029 | 21850 | SH |  | DFND |  | 0 | 0 | 21850 |
| JPMORGAN CHASE  CO | COM | 46625H365 |  | 2516084 | 115682 | SH |  | DFND |  | 0 | 0 | 115682 |
| ISHARES TR | COM | 464287507 |  | 2304244 | 9526 | SH |  | DFND |  | 0 | 0 | 9526 |
| VANGUARD WORLD FDS | COM | 92204A504 |  | 2181563 | 8794 | SH |  | DFND |  | 0 | 0 | 8794 |
| ISHARES TR | COM | 46429B655 |  | 1814497 | 36052 | SH |  | DFND |  | 0 | 0 | 36052 |
| ISHARES INC | COM | 464286665 |  | 1785541 | 41728 | SH |  | DFND |  | 0 | 0 | 41728 |
| INVESCO QQQ TR | COM | 46090E103 |  | 1565460 | 5879 | SH |  | DFND |  | 0 | 0 | 5879 |
| ISHARES TR | COM | 464288588 |  | 1552450 | 16738 | SH |  | DFND |  | 0 | 0 | 16738 |
| ISHARES INC | COM | 464286509 |  | 1441739 | 44036 | SH |  | DFND |  | 0 | 0 | 44036 |
| ISHARES TR | COM | 464288646 |  | 1436859 | 28841 | SH |  | DFND |  | 0 | 0 | 28841 |
| INVESCO EXCH TRADED FD TR II | COM | 46138G870 |  | 1362572 | 60690 | SH |  | DFND |  | 0 | 0 | 60690 |
| VISA INC | COM | 92826C839 |  | 1248535 | 6008 | SH |  | DFND |  | 0 | 0 | 6008 |
| APPLE INC | COM | 037833100 |  | 1147412 | 8831 | SH |  | DFND |  | 0 | 0 | 8831 |
| ISHARES TR | COM | 464287176 |  | 1237365 | 11625 | SH |  | DFND |  | 0 | 0 | 11625 |
| INVESCO EXCH TRADED FD TR II | COM | 46138G508 |  | 1202006 | 58893 | SH |  | DFND |  | 0 | 0 | 58893 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1029790 | 1870 | SH |  | DFND |  | 0 | 0 | 1870 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1027489 | 1938 | SH |  | DFND |  | 0 | 0 | 1938 |
| AMPHENOL CORP NEW | COM | 032095101 |  | 924035 | 12136 | SH |  | DFND |  | 0 | 0 | 12136 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 829688 | 574 | SH |  | DFND |  | 0 | 0 | 574 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 790966 | 3659 | SH |  | DFND |  | 0 | 0 | 3659 |
| ISHARES TR | COM | 464288638 |  | 725668 | 14657 | SH |  | DFND |  | 0 | 0 | 14657 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 721920 | 3829 | SH |  | DFND |  | 0 | 0 | 3829 |
| GLOBAL X FDS | COM | 37954Y855 |  | 721430 | 12309 | SH |  | DFND |  | 0 | 0 | 12309 |
| CIGNA CORP NEW | COM | 125523100 |  | 710393 | 2144 | SH |  | DFND |  | 0 | 0 | 2144 |
| STRYKER CORPORATION | COM | 863667101 |  | 703887 | 2879 | SH |  | DFND |  | 0 | 0 | 2879 |
| FREEPORT-MCMORAN INC | COM | 35671D857 |  | 681910 | 17945 | SH |  | DFND |  | 0 | 0 | 17945 |
| FMC CORP | COM | 302491303 |  | 677914 | 5432 | SH |  | DFND |  | 0 | 0 | 5432 |
| PG CORP | COM | 69331C108 |  | 669489 | 41174 | SH |  | DFND |  | 0 | 0 | 41174 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 633552 | 16080 | SH |  | DFND |  | 0 | 0 | 16080 |
| FIRSTENERGY CORP | COM | 337932107 |  | 610730 | 14562 | SH |  | DFND |  | 0 | 0 | 14562 |
| VANGUARD INTL EQUITY INDEX F | COM | 922042676 |  | 610220 | 14761 | SH |  | DFND |  | 0 | 0 | 14761 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 603212 | 5960 | SH |  | DFND |  | 0 | 0 | 5960 |
| LAM RESEARCH CORP | COM | 512807108 |  | 588000 | 1399 | SH |  | DFND |  | 0 | 0 | 1399 |
| MSCI INC | COM | 55354G100 |  | 570298 | 1226 | SH |  | DFND |  | 0 | 0 | 1226 |
| UNION PAC CORP | COM | 907818108 |  | 555983 | 2685 | SH |  | DFND |  | 0 | 0 | 2685 |
| INVESCO EXCH TRADED FD TR II | COM | 46138G706 |  | 554344 | 7600 | SH |  | DFND |  | 0 | 0 | 7600 |
| BLACKSTONE INC | COM | 09260D107 |  | 550886 | 7392 | SH |  | DFND |  | 0 | 0 | 7392 |
| MARATHON PETE CORP | COM | 56585A102 |  | 550292 | 4728 | SH |  | DFND |  | 0 | 0 | 4728 |
| LOWES COS INC | COM | 548661107 |  | 535956 | 2690 | SH |  | DFND |  | 0 | 0 | 2690 |
| ALPHABET INC | COM | 02079K305 |  | 527653 | 5970 | SH |  | DFND |  | 0 | 0 | 5970 |
| APPLIED MATLS INC | COM | 038222105 |  | 524489 | 5386 | SH |  | DFND |  | 0 | 0 | 5386 |
| WILLIAMS COS INC | COM | 969457100 |  | 518208 | 15751 | SH |  | DFND |  | 0 | 0 | 15751 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 511294 | 12383 | SH |  | DFND |  | 0 | 0 | 12383 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 508373 | 3791 | SH |  | DFND |  | 0 | 0 | 3791 |
| DATADOG INC | COM | 23804L103 |  | 508032 | 6912 | SH |  | DFND |  | 0 | 0 | 6912 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 506316 | 5017 | SH |  | DFND |  | 0 | 0 | 5017 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 500916 | 6962 | SH |  | DFND |  | 0 | 0 | 6962 |
| HEICO CORP NEW | COM | 422806208 |  | 495100 | 4131 | SH |  | DFND |  | 0 | 0 | 4131 |
| AES CORP | COM | 00130H105 |  | 488661 | 16991 | SH |  | DFND |  | 0 | 0 | 16991 |
| MCKESSON CORP | COM | 58155Q103 |  | 487281 | 1299 | SH |  | DFND |  | 0 | 0 | 1299 |
| FLOOR  DECOR HLDGS INC | COM | 339750101 |  | 487271 | 6998 | SH |  | DFND |  | 0 | 0 | 6998 |
| ISHARES TR | COM | 464287465 |  | 486721 | 7415 | SH |  | DFND |  | 0 | 0 | 7415 |
| CISCO SYS INC | COM | 17275R102 |  | 486261 | 10207 | SH |  | DFND |  | 0 | 0 | 10207 |
| WEYERHAEUSER CO MTN BE | COM | 962166104 |  | 484840 | 15640 | SH |  | DFND |  | 0 | 0 | 15640 |
| ISHARES TR | COM | 464288182 |  | 483333 | 7460 | SH |  | DFND |  | 0 | 0 | 7460 |
| CORNING INC | COM | 219350105 |  | 480314 | 15038 | SH |  | DFND |  | 0 | 0 | 15038 |
| BANK AMERICA CORP | COM | 060505104 |  | 465402 | 14052 | SH |  | DFND |  | 0 | 0 | 14052 |
| CENTENE CORP DEL | COM | 15135B101 |  | 456058 | 5561 | SH |  | DFND |  | 0 | 0 | 5561 |
| HUMANA INC | COM | 444859102 |  | 455849 | 890 | SH |  | DFND |  | 0 | 0 | 890 |
| ALPHABET INC | COM | 02079K107 |  | 454919 | 5127 | SH |  | DFND |  | 0 | 0 | 5127 |
| VANGUARD INDEX FDS | COM | 922908744 |  | 452693 | 3225 | SH |  | DFND |  | 0 | 0 | 3225 |
| METLIFE INC | COM | 59156R108 |  | 452602 | 6254 | SH |  | DFND |  | 0 | 0 | 6254 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 450926 | 1589 | SH |  | DFND |  | 0 | 0 | 1589 |
| AMERICAN INTL GROUP INC | COM | 026874784 |  | 440150 | 6960 | SH |  | DFND |  | 0 | 0 | 6960 |
| ATLASSIAN CORPORATION | COM | 049468101 |  | 427604 | 3323 | SH |  | DFND |  | 0 | 0 | 3323 |
| ICICI BANK LIMITED | COM | 45104G104 |  | 426089 | 19465 | SH |  | DFND |  | 0 | 0 | 19465 |
| ISHARES INC | COM | 46434G103 |  | 418899 | 8970 | SH |  | DFND |  | 0 | 0 | 8970 |
| BOOZ ALLEN HAMILTON HLDG COR | COM | 099502106 |  | 412749 | 3949 | SH |  | DFND |  | 0 | 0 | 3949 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 405926 | 12056 | SH |  | DFND |  | 0 | 0 | 12056 |
| QUALCOMM INC | COM | 747525103 |  | 399962 | 3638 | SH |  | DFND |  | 0 | 0 | 3638 |
| AMERICA MOVIL SAB DE CV | COM | 02364W105 |  | 398580 | 21900 | SH |  | DFND |  | 0 | 0 | 21900 |
| CORTEVA INC | COM | 22052L104 |  | 397882 | 6769 | SH |  | DFND |  | 0 | 0 | 6769 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 397612 | 871 | SH |  | DFND |  | 0 | 0 | 871 |
| ISHARES TR | COM | 464287804 |  | 395217 | 4176 | SH |  | DFND |  | 0 | 0 | 4176 |
| REPLIGEN CORP | COM | 759916109 |  | 372651 | 2201 | SH |  | DFND |  | 0 | 0 | 2201 |
| CHEVRON CORP NEW | COM | 166764100 |  | 359877 | 2005 | SH |  | DFND |  | 0 | 0 | 2005 |
| VANGUARD SCOTTSDALE FDS | COM | 92206C409 |  | 359559 | 4782 | SH |  | DFND |  | 0 | 0 | 4782 |
| BAXTER INTL INC | COM | 071813109 |  | 346494 | 6798 | SH |  | DFND |  | 0 | 0 | 6798 |
| VANGUARD SCOTTSDALE FDS | COM | 92206C870 |  | 339726 | 4383 | SH |  | DFND |  | 0 | 0 | 4383 |
| VANGUARD WORLD FDS | COM | 92204A876 |  | 332994 | 2170 | SH |  | DFND |  | 0 | 0 | 2170 |
| TERADATA CORP DEL | COM | 88076W103 |  | 332527 | 9879 | SH |  | DFND |  | 0 | 0 | 9879 |
| MORGAN STANLEY | COM | 617446448 |  | 332513 | 3911 | SH |  | DFND |  | 0 | 0 | 3911 |
| SNOWFLAKE INC | COM | 833445109 |  | 331434 | 2309 | SH |  | DFND |  | 0 | 0 | 2309 |
| ISHARES TR | COM | 464287655 |  | 326308 | 1872 | SH |  | DFND |  | 0 | 0 | 1872 |
| ENTEGRIS INC | COM | 29362U104 |  | 311487 | 4749 | SH |  | DFND |  | 0 | 0 | 4749 |
| ISHARES TR | COM | 464288281 |  | 300041 | 3547 | SH |  | DFND |  | 0 | 0 | 3547 |
| CATERPILLAR INC | COM | 149123101 |  | 294659 | 1230 | SH |  | DFND |  | 0 | 0 | 1230 |
| APELLIS PHARMACEUTICALS INC | COM | 03753U106 |  | 285439 | 5520 | SH |  | DFND |  | 0 | 0 | 5520 |
| SPDR SER TR | COM | 78468R663 |  | 281179 | 3074 | SH |  | DFND |  | 0 | 0 | 3074 |
| SERVICENOW INC | COM | 81762P102 |  | 279166 | 719 | SH |  | DFND |  | 0 | 0 | 719 |
| CSX CORP | COM | 126408103 |  | 268008 | 8651 | SH |  | DFND |  | 0 | 0 | 8651 |
| ISHARES TR | COM | 464288687 |  | 246194 | 8064 | SH |  | DFND |  | 0 | 0 | 8064 |
| BILL COM HLDGS INC | COM | 090043100 |  | 241455 | 2216 | SH |  | DFND |  | 0 | 0 | 2216 |
| ISHARES TR | COM | 464288513 |  | 237089 | 3220 | SH |  | DFND |  | 0 | 0 | 3220 |
| EXCHANGE TRADED CONCEPTS TR | COM | 301505723 |  | 186940 | 6473 | SH |  | DFND |  | 0 | 0 | 6473 |
| META PLATFORMS INC | COM | 30303M102 |  | 183519 | 1525 | SH |  | DFND |  | 0 | 0 | 1525 |
| TILRAY BRANDS INC | COM | 88688T100 |  | 175829 | 65364 | SH |  | DFND |  | 0 | 0 | 65364 |
| GLOBAL X FDS | COM | 37954Y384 |  | 173076 | 8341 | SH |  | DFND |  | 0 | 0 | 8341 |
| ISHARES TR | COM | 464287523 |  | 172946 | 497 | SH |  | DFND |  | 0 | 0 | 497 |
| ISHARES TR | COM | 46429B267 |  | 169037 | 7440 | SH |  | DFND |  | 0 | 0 | 7440 |
| FIRST TR EXCHANGE TRADED FD | COM | 33737K205 |  | 155560 | 2551 | SH |  | DFND |  | 0 | 0 | 2551 |
| AIRBNB INC | COM | 009066101 |  | 152190 | 1780 | SH |  | DFND |  | 0 | 0 | 1780 |
| GLOBAL X FDS | COM | 37954Y434 |  | 151598 | 11984 | SH |  | DFND |  | 0 | 0 | 11984 |
| INVESCO EXCHANGE TRADED FD T | COM | 46137V720 |  | 148262 | 4072 | SH |  | DFND |  | 0 | 0 | 4072 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 141916 | 1208 | SH |  | DFND |  | 0 | 0 | 1208 |
| ISHARES TR | COM | 46434V738 |  | 138083 | 2907 | SH |  | DFND |  | 0 | 0 | 2907 |
| SELECT SECTOR SPDR TR | COM | 81369Y308 |  | 237591 | 3187 | SH |  | DFND |  | 0 | 0 | 3187 |
| ISHARES TR | COM | 46429B309 |  | 130982 | 5850 | SH |  | DFND |  | 0 | 0 | 5850 |
| ISHARES TR | COM | 46429B408 |  | 109972 | 4199 | SH |  | DFND |  | 0 | 0 | 4199 |
| GOL LINHAS AEREAS INTELIGENT | COM | 38045R206 |  | 109470 | 41000 | SH |  | DFND |  | 0 | 0 | 41000 |
| GLOBAL X FDS | COM | 37954Y467 |  | 108651 | 6711 | SH |  | DFND |  | 0 | 0 | 6711 |
| VANECK ETF TRUST | COM | 92189F817 |  | 108028 | 9124 | SH |  | DFND |  | 0 | 0 | 9124 |
| VANGUARD SPECIALIZED FUNDS | COM | 921908844 |  | 107358 | 707 | SH |  | DFND |  | 0 | 0 | 707 |
| VANGUARD WHITEHALL FDS | COM | 921946406 |  | 105938 | 979 | SH |  | DFND |  | 0 | 0 | 979 |
| SPDR GOLD TR | COM | 78463V107 |  | 104335 | 615 | SH |  | DFND |  | 0 | 0 | 615 |
| ISHARES INC | COM | 464286624 |  | 107428 | 1653 | SH |  | DFND |  | 0 | 0 | 1653 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 104092 | 491 | SH |  | DFND |  | 0 | 0 | 491 |
| ISHARES TR | COM | 46434V514 |  | 103421 | 3601 | SH |  | DFND |  | 0 | 0 | 3601 |
| SELECT SECTOR SPDR TR | COM | 81369Y209 |  | 103186 | 852 | SH |  | DFND |  | 0 | 0 | 852 |
| ISHARES INC | COM | 46434G814 |  | 100576 | 4979 | SH |  | DFND |  | 0 | 0 | 4979 |

---