# EDGAR Filing Document

**Accession Number:** 0001522877
**File Stem:** 0001104659-25-074570
**Filing Date:** 2025-8
**Character Count:** 38469
**Document Hash:** 590174c0bec4021270dfc8c4b8d9ebbf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-074570.hdr.sgml**: 20250806

**ACCESSION NUMBER**: 0001104659-25-074570

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250806

**DATE AS OF CHANGE**: 20250806

**EFFECTIVENESS DATE**: 20250806

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIA Group Ltd
- **CENTRAL INDEX KEY:** 0001522877

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** K3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18932
- **FILM NUMBER:** 251187977

**BUSINESS ADDRESS:**
- **STREET 1:** 35/F, AIA CENTRAL
- **STREET 2:** NO. 1 CONNAUGHT ROAD CENTRAL
- **CITY:** HONG KONG
- **STATE:** K3
- **ZIP:** 00000
- **BUSINESS PHONE:** 852-2862-8688

**MAIL ADDRESS:**
- **STREET 1:** 35/F, AIA CENTRAL
- **STREET 2:** NO. 1 CONNAUGHT ROAD CENTRAL
- **CITY:** HONG KONG
- **STATE:** K3
- **ZIP:** 00000

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** American International Assurance Co Ltd
- **DATE OF NAME CHANGE:** 20110609

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** AIA Group Ltd<br>**Address:** 35/F AIA CENTRAL<br>NO. 1 CONNAUGHT ROAD CENTRAL<br>HONG KONG, K3 00000

**Form 13F File Number:** 028-18932

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:** Gary E. Murphy<br>**Title:** Attorney<br>**Phone:** 212-909-6000

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

/s/ Gary E. Murphy  New York, NY  08-06-2025<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:** 3

**Form 13F Information Table Entry Total:** 355

**Form 13F Information Table Value Total:** $4598461345

      (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   |
|:---|:---|:---|
|  | AIA Investment Management (Thailand) Ltd | 028-25409              |
|  | AIA Investment Management HK Ltd         | 028-19878              |
|  | AIA Investment Management Private Ltd    | 028-18933              |

### 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 |
| 2023 ETF SERIES TRUST II | GMO US QUALITY E | 90139K100 |  | 296639730 | 8658486 | SH |  | DFND | 3 | 8658486 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 8950682 | 65809 | SH |  | DFND | 3 | 65809 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 337985 | 2485 | SH |  | DFND |  | 2485 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 2142426 | 11542 | SH |  | DFND | 3 | 11542 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 2938354 | 7595 | SH |  | DFND | 3 | 7595 | 0 | 0 |
| ADVANCED DRAIN SYS INC DEL | COM | 00790R104 |  | 2147308 | 18695 | SH |  | DFND | 3 | 18695 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 1453766 | 10245 | SH |  | DFND | 3 | 10245 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 340986 | 2403 | SH |  | DFND |  | 2403 | 0 | 0 |
| AGNC INVT CORP | COM | 00123Q104 |  | 1418348 | 154336 | SH |  | DFND | 3 | 154336 | 0 | 0 |
| AIR LEASE CORP | CL A | 00912X302 |  | 2193784 | 37507 | SH |  | DFND | 3 | 37507 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 1813058 | 13700 | SH |  | DFND | 3 | 13700 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 303230 | 4175 | SH |  | DFND | 3 | 4175 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 457980 | 2275 | SH |  | DFND | 3 | 2275 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 9858353 | 30232 | SH |  | DFND | 3 | 30232 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 19652151 | 110785 | SH |  | DFND | 3 | 110785 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 31192358 | 176998 | SH |  | DFND | 3 | 176998 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1213344 | 6885 | SH |  | DFND |  | 6885 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 38102558 | 173675 | SH |  | DFND | 3 | 173675 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1273559 | 5805 | SH |  | DFND |  | 5805 | 0 | 0 |
| AMERICA MOVIL SAB DE CV | SPON ADS RP CL B | 02390A101 |  | 4854438 | 270593 | SH |  | DFND | 3 | 270593 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 3795862 | 11900 | SH |  | DFND | 3 | 11900 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 5428460 | 63424 | SH |  | DFND | 3 | 63424 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 423916 | 1918 | SH |  | DFND | 3 | 1918 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 375458 | 2699 | SH |  | DFND | 3 | 2699 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 3779107 | 13535 | SH |  | DFND | 3 | 13535 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 970021 | 9823 | SH |  | DFND | 3 | 9823 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 1330770 | 5591 | SH |  | DFND | 3 | 5591 | 0 | 0 |
| ANNALY CAPITAL MANAGEMENT IN | COM NEW | 035710839 |  | 1332023 | 70777 | SH |  | DFND | 3 | 70777 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 32273036 | 157299 | SH |  | DFND | 3 | 157299 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1516001 | 7389 | SH |  | DFND |  | 7389 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 1515820 | 8280 | SH |  | DFND | 3 | 8280 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 613340 | 1752 | SH |  | DFND | 3 | 1752 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 1789084 | 33897 | SH |  | DFND | 3 | 33897 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 42013397 | 410648 | SH |  | DFND | 3 | 410648 | 0 | 0 |
| ARROW ELECTRS INC | COM | 042735100 |  | 849958 | 6670 | SH |  | DFND | 3 | 6670 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 6659673 | 230120 | SH |  | DFND | 3 | 230120 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 2555278 | 12582 | SH |  | DFND | 3 | 12582 | 0 | 0 |
| ATOUR LIFESTYLE HLDGS LTD | SPONSORED ADS | 04965M106 |  | 351758 | 10820 | SH |  | DFND | 3 | 10820 | 0 | 0 |
| AUTOHOME INC | SP ADS RP CL A | 05278C107 |  | 1012232 | 39249 | SH |  | DFND | 3 | 39249 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 26056716 | 84490 | SH |  | DFND | 3 | 84490 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 337162 | 8794 | SH |  | DFND |  | 8794 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 11579535 | 244707 | SH |  | DFND | 3 | 244707 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 1684168 | 18485 | SH |  | DFND | 3 | 18485 | 0 | 0 |
| BAOZUN INC | SPONSORED ADR | 06684L103 |  | 997545 | 399018 | SH |  | DFND | 3 | 399018 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 558607 | 3243 | SH |  | DFND | 3 | 3243 | 0 | 0 |
| BEONE MEDICINES LTD | SPONSORED ADS | 07725L102 |  | 5951775 | 24587 | SH |  | DFND | 3 | 24587 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 860543 | 6852 | SH |  | DFND | 3 | 6852 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 204488 | 3720 | SH |  | DFND |  | 3720 | 0 | 0 |
| BJS WHSL CLUB HLDGS INC | COM | 05550J101 |  | 2232081 | 20700 | SH |  | DFND | 3 | 20700 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 2508756 | 16772 | SH |  | DFND | 3 | 16772 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 4518514 | 21565 | SH |  | DFND | 3 | 21565 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 15480428 | 2674 | SH |  | DFND | 3 | 2674 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 312619 | 54 | SH |  | DFND |  | 54 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 11930029 | 111070 | SH |  | DFND | 3 | 111070 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 342101 | 3185 | SH |  | DFND |  | 3185 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 5924657 | 127990 | SH |  | DFND | 3 | 127990 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 58081660 | 210708 | SH |  | DFND | 3 | 210708 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 751146 | 2725 | SH |  | DFND |  | 2725 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 3453231 | 62468 | SH |  | DFND | 3 | 62468 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 1928403 | 6258 | SH |  | DFND | 3 | 6258 | 0 | 0 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 634444 | 6368 | SH |  | DFND | 3 | 6368 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 2586098 | 12155 | SH |  | DFND | 3 | 12155 | 0 | 0 |
| CARLISLE COS INC | COM | 142339100 |  | 1816591 | 4865 | SH |  | DFND | 3 | 4865 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 253164 | 9003 | SH |  | DFND | 3 | 9003 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 13682065 | 186939 | SH |  | DFND | 3 | 186939 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 1283422 | 3306 | SH |  | DFND | 3 | 3306 | 0 | 0 |
| CELANESE CORP DEL | COM | 150870103 |  | 2240865 | 40500 | SH |  | DFND | 3 | 40500 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 2760205 | 59500 | SH |  | DFND | 3 | 59500 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 3413778 | 62892 | SH |  | DFND | 3 | 62892 | 0 | 0 |
| CHAGEE HLDGS LTD | SPONSORED ADS | 15743P104 |  | 2396480 | 91784 | SH |  | DFND | 3 | 91784 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 638970 | 1563 | SH |  | DFND | 3 | 1563 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1635087 | 11419 | SH |  | DFND | 3 | 11419 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 2201080 | 39200 | SH |  | DFND | 3 | 39200 | 0 | 0 |
| CHORD ENERGY CORPORATION | COM NEW | 674215207 |  | 751459 | 7759 | SH |  | DFND | 3 | 7759 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 260012 | 3197 | SH |  | DFND |  | 3197 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 4167669 | 18700 | SH |  | DFND | 3 | 18700 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 9500828 | 136939 | SH |  | DFND | 3 | 136939 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 224861 | 3241 | SH |  | DFND |  | 3241 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 13336942 | 156684 | SH |  | DFND | 3 | 156684 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 1265396 | 28277 | SH |  | DFND | 3 | 28277 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 10918697 | 55756 | SH |  | DFND | 3 | 55756 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 8848780 | 32105 | SH |  | DFND | 3 | 32105 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 956045 | 13513 | SH |  | DFND | 3 | 13513 | 0 | 0 |
| COCA COLA CONS INC | COM | 191098102 |  | 248533 | 2226 | SH |  | DFND | 3 | 2226 | 0 | 0 |
| COGNEX CORP | COM | 192422103 |  | 1753577 | 55283 | SH |  | DFND | 3 | 55283 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 1251367 | 16037 | SH |  | DFND | 3 | 16037 | 0 | 0 |
| COLUMBIA BKG SYS INC | COM | 197236102 |  | 256081 | 10953 | SH |  | DFND | 3 | 10953 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 6827568 | 191302 | SH |  | DFND | 3 | 191302 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 1243819 | 60763 | SH |  | DFND | 3 | 60763 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 2589896 | 28860 | SH |  | DFND | 3 | 28860 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 2353107 | 23449 | SH |  | DFND | 3 | 23449 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 366010 | 1134 | SH |  | DFND | 3 | 1134 | 0 | 0 |
| COPART INC | COM | 217204106 |  | 5309031 | 108193 | SH |  | DFND | 3 | 108193 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 1022192 | 19437 | SH |  | DFND | 3 | 19437 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 6235702 | 83667 | SH |  | DFND | 3 | 83667 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 16806211 | 16977 | SH |  | DFND | 3 | 16977 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 477223 | 937 | SH |  | DFND | 3 | 937 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 261673 | 799 | SH |  | DFND | 3 | 799 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 1708842 | 24773 | SH |  | DFND | 3 | 24773 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 1210043 | 9386 | SH |  | DFND | 3 | 9386 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 34020931 | 172223 | SH |  | DFND | 3 | 172223 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 263123 | 1332 | SH |  | DFND |  | 1332 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 32426407 | 63770 | SH |  | DFND | 3 | 63770 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 791506 | 6456 | SH |  | DFND | 3 | 6456 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 4118677 | 83747 | SH |  | DFND | 3 | 83747 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 2232676 | 18004 | SH |  | DFND | 3 | 18004 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 473076 | 4136 | SH |  | DFND | 3 | 4136 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 765167 | 3104 | SH |  | DFND | 3 | 3104 | 0 | 0 |
| DR REDDYS LABS LTD | ADR | 256135203 |  | 763659 | 50809 | SH |  | DFND | 3 | 50809 | 0 | 0 |
| DUOLINGO INC | CL A COM | 26603R106 |  | 1809828 | 4414 | SH |  | DFND | 3 | 4414 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 512024 | 7465 | SH |  | DFND | 3 | 7465 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 232166 | 3118 | SH |  | DFND | 3 | 3118 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 291804 | 1083 | SH |  | DFND |  | 1083 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 3804365 | 73728 | SH |  | DFND | 3 | 73728 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 48718026 | 622913 | SH |  | DFND | 3 | 622913 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 5245187 | 32844 | SH |  | DFND | 3 | 32844 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 2516571 | 6470 | SH |  | DFND | 3 | 6470 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 26751131 | 34317 | SH |  | DFND | 3 | 34317 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 386647 | 496 | SH |  | DFND |  | 496 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 5300001 | 39751 | SH |  | DFND | 3 | 39751 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 |  | 1783230 | 10085 | SH |  | DFND | 3 | 10085 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 1597968 | 27400 | SH |  | DFND | 3 | 27400 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 |  | 2251332 | 8680 | SH |  | DFND | 3 | 8680 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 463472 | 7285 | SH |  | DFND | 3 | 7285 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 2938014 | 67665 | SH |  | DFND | 3 | 67665 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 9294732 | 86222 | SH |  | DFND | 3 | 86222 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 355309 | 3296 | SH |  | DFND |  | 3296 | 0 | 0 |
| F N B CORP | COM | 302520101 |  | 614285 | 42132 | SH |  | DFND | 3 | 42132 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 517812 | 2278 | SH |  | DFND | 3 | 2278 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 1173182 | 7087 | SH |  | DFND | 3 | 7087 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 192192 | 1161 | SH |  | DFND |  | 1161 | 0 | 0 |
| FLUOR CORP NEW | COM | 343412102 |  | 497114 | 9696 | SH |  | DFND | 3 | 9696 | 0 | 0 |
| FMC CORP | COM NEW | 302491303 |  | 465763 | 11156 | SH |  | DFND | 3 | 11156 | 0 | 0 |
| FORD MTR CO | COM | 345370860 |  | 1498038 | 138068 | SH |  | DFND | 3 | 138068 | 0 | 0 |
| FOX CORP | CL A COM | 35137L105 |  | 282273 | 5037 | SH |  | DFND | 3 | 5037 | 0 | 0 |
| FOX CORP | CL B COM | 35137L204 |  | 305133 | 5910 | SH |  | DFND | 3 | 5910 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 421143 | 17658 | SH |  | DFND | 3 | 17658 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FTSE JAPAN HDG | 35473P637 |  | 4083317 | 126618 | SH |  | DFND | 2 | 126618 | 0 | 0 |
| FRANKLIN TEMPLETON ETF TR | FTSE TAIWAN | 35473P686 |  | 1277350 | 24475 | SH |  | DFND | 2 | 24475 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 5505710 | 127006 | SH |  | DFND | 3 | 127006 | 0 | 0 |
| FULL TRUCK ALLIANCE CO LTD | SPONSORED ADS | 35969L108 |  | 3049873 | 258245 | SH |  | DFND | 3 | 258245 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 6837443 | 21359 | SH |  | DFND | 3 | 21359 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 13087252 | 50846 | SH |  | DFND | 3 | 50846 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 4293523 | 8114 | SH |  | DFND | 3 | 8114 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 243938 | 461 | SH |  | DFND |  | 461 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 5198741 | 105644 | SH |  | DFND | 3 | 105644 | 0 | 0 |
| GERDAU SA | SPON ADR REP PFD | 373737105 |  | 1320532 | 452237 | SH |  | DFND | 3 | 452237 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 3054025 | 27546 | SH |  | DFND | 3 | 27546 | 0 | 0 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 1259429 | 15735 | SH |  | DFND | 3 | 15735 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 302522 | 2434 | SH |  | DFND | 3 | 2434 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 8093121 | 11435 | SH |  | DFND | 3 | 11435 | 0 | 0 |
| H WORLD GROUP LTD | SPONSORED ADS | 44332N106 |  | 9110742 | 268595 | SH |  | DFND | 3 | 268595 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 249680 | 1968 | SH |  | DFND | 3 | 1968 | 0 | 0 |
| HEICO CORP NEW | COM | 422806109 |  | 6372712 | 19429 | SH |  | DFND | 3 | 19429 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 2682999 | 131198 | SH |  | DFND | 3 | 131198 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 |  | 482156 | 11737 | SH |  | DFND | 3 | 11737 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 7162415 | 26892 | SH |  | DFND | 3 | 26892 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 226822 | 3481 | SH |  | DFND |  | 3481 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 42197698 | 115093 | SH |  | DFND | 3 | 115093 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 420903 | 1148 | SH |  | DFND |  | 1148 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 7932359 | 34062 | SH |  | DFND | 3 | 34062 | 0 | 0 |
| HOWMET AEROSPACE INC | COM | 443201108 |  | 6615619 | 35543 | SH |  | DFND | 3 | 35543 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 1403001 | 57359 | SH |  | DFND | 3 | 57359 | 0 | 0 |
| HUTCHMED CHINA LTD | SPONSORED ADS | 44842L103 |  | 4747357 | 315439 | SH |  | DFND | 3 | 315439 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 7827725 | 232691 | SH |  | DFND | 3 | 232691 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 4375407 | 45859 | SH |  | DFND | 3 | 45859 | 0 | 0 |
| INFOSYS LTD | SPONSORED ADR | 456788108 |  | 1156124 | 62392 | SH |  | DFND | 3 | 62392 | 0 | 0 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 5107917 | 61408 | SH |  | DFND | 3 | 61408 | 0 | 0 |
| INSPIRE MED SYS INC | COM | 457730109 |  | 1004679 | 7742 | SH |  | DFND | 3 | 7742 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 4527869 | 202137 | SH |  | DFND | 3 | 202137 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 2465745 | 44500 | SH |  | DFND | 3 | 44500 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 6481917 | 21989 | SH |  | DFND | 3 | 21989 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 638106 | 13626 | SH |  | DFND | 3 | 13626 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 6339634 | 8049 | SH |  | DFND | 3 | 8049 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 11771891 | 21663 | SH |  | DFND | 3 | 21663 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 328763 | 605 | SH |  | DFND |  | 605 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1081214 | 1960 | SH |  | DFND | 2 | 1960 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 101450714 | 163393 | SH |  | DFND | 1 | 163393 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1288817032 | 2075724 | SH |  | DFND | 2 | 2075724 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 169985915 | 1926186 | SH |  | DFND | 2 | 1926186 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 38323802 | 400165 | SH |  | DFND | 2 | 400165 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 116977191 | 1411745 | SH |  | DFND | 2 | 1411745 | 0 | 0 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 11238173 | 201835 | SH |  | DFND |  | 201835 | 0 | 0 |
| ISHARES TR | CORE MSCI EURO | 46434V738 |  | 26256244 | 396620 | SH |  | DFND | 2 | 396620 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | BETABULDRS JAPAN | 46641Q217 |  | 50001643 | 809350 | SH |  | DFND | 2 | 809350 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | BETABUILDERS DEV | 46641Q233 |  | 19380146 | 355599 | SH |  | DFND | 2 | 355599 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 10108079 | 66174 | SH |  | DFND | 3 | 66174 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 27969067 | 96475 | SH |  | DFND | 3 | 96475 | 0 | 0 |
| KB HOME | COM | 48666K109 |  | 368936 | 6965 | SH |  | DFND | 3 | 6965 | 0 | 0 |
| KILROY RLTY CORP | COM | 49427F108 |  | 373293 | 10880 | SH |  | DFND | 3 | 10880 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 1059458 | 36036 | SH |  | DFND | 3 | 36036 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 8221997 | 9179 | SH |  | DFND | 3 | 9179 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 4617210 | 178823 | SH |  | DFND | 3 | 178823 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 3256614 | 45401 | SH |  | DFND | 3 | 45401 | 0 | 0 |
| KT CORP | SPONSORED ADR | 48268K101 |  | 497099 | 23922 | SH |  | DFND | 3 | 23922 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 906285 | 3613 | SH |  | DFND | 3 | 3613 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 1074536 | 11039 | SH |  | DFND | 3 | 11039 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 2413577 | 29871 | SH |  | DFND | 3 | 29871 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 1090615 | 9860 | SH |  | DFND | 3 | 9860 | 0 | 0 |
| LINEAGE INC | COM | 53566V106 |  | 1717908 | 39474 | SH |  | DFND | 3 | 39474 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 411255 | 11112 | SH |  | DFND | 3 | 11112 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 397813 | 1793 | SH |  | DFND | 3 | 1793 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 467128 | 2408 | SH |  | DFND | 3 | 2408 | 0 | 0 |
| MARKETAXESS HLDGS INC | COM | 57060D108 |  | 1845012 | 8261 | SH |  | DFND | 3 | 8261 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 32250801 | 118044 | SH |  | DFND | 3 | 118044 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 4916558 | 22487 | SH |  | DFND | 3 | 22487 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 701321 | 9061 | SH |  | DFND | 3 | 9061 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 16513731 | 29387 | SH |  | DFND | 3 | 29387 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 5167903 | 17688 | SH |  | DFND | 3 | 17688 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 19079499 | 7300 | SH |  | DFND | 3 | 7300 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 53948648 | 681514 | SH |  | DFND | 3 | 681514 | 0 | 0 |
| MERITAGE HOMES CORP | COM | 59001A102 |  | 627576 | 9371 | SH |  | DFND | 3 | 9371 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 76492695 | 103636 | SH |  | DFND | 3 | 103636 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 1401399 | 17426 | SH |  | DFND | 3 | 17426 | 0 | 0 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 3498316 | 2978 | SH |  | DFND | 3 | 2978 | 0 | 0 |
| MGIC INVT CORP WIS | COM | 552848103 |  | 200448 | 7200 | SH |  | DFND | 3 | 7200 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 7445902 | 60413 | SH |  | DFND | 3 | 60413 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 214332 | 1739 | SH |  | DFND |  | 1739 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 200605453 | 403300 | SH |  | DFND | 3 | 403300 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1960293 | 3941 | SH |  | DFND |  | 3941 | 0 | 0 |
| MICROSTRATEGY INC | CL A NEW | 594972408 |  | 2366767 | 5855 | SH |  | DFND | 3 | 5855 | 0 | 0 |
| MODERNA INC | COM | 60770K107 |  | 888122 | 32190 | SH |  | DFND | 3 | 32190 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 1821216 | 37871 | SH |  | DFND | 3 | 37871 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 4108175 | 60916 | SH |  | DFND | 3 | 60916 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 289183 | 4288 | SH |  | DFND |  | 4288 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 3750758 | 59878 | SH |  | DFND | 3 | 59878 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 1813432 | 12874 | SH |  | DFND | 3 | 12874 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 1034317 | 28353 | SH |  | DFND | 3 | 28353 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 5733813 | 13637 | SH |  | DFND | 3 | 13637 | 0 | 0 |
| MSA SAFETY INC | COM | 553498106 |  | 2451969 | 14636 | SH |  | DFND | 3 | 14636 | 0 | 0 |
| MUELLER INDS INC | COM | 624756102 |  | 247629 | 3116 | SH |  | DFND | 3 | 3116 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 39781535 | 29707 | SH |  | DFND | 3 | 29707 | 0 | 0 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 223854 | 1781 | SH |  | DFND |  | 1781 | 0 | 0 |
| NEW YORK TIMES CO | CL A | 650111107 |  | 3153241 | 56328 | SH |  | DFND | 3 | 56328 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 4822646 | 82778 | SH |  | DFND | 3 | 82778 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 3445653 | 48503 | SH |  | DFND | 3 | 48503 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 53645356 | 423104 | SH |  | DFND | 3 | 423104 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 5377285 | 10755 | SH |  | DFND | 3 | 10755 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 65875984 | 416963 | SH |  | DFND | 3 | 416963 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1900146 | 12027 | SH |  | DFND |  | 12027 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 1659563 | 31665 | SH |  | DFND | 3 | 31665 | 0 | 0 |
| ONEMAIN HLDGS INC | COM | 68268W103 |  | 278274 | 4882 | SH |  | DFND | 3 | 4882 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 7018898 | 32104 | SH |  | DFND | 3 | 32104 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 3470005 | 38500 | SH |  | DFND | 3 | 38500 | 0 | 0 |
| OSHKOSH CORP | COM | 688239201 |  | 270679 | 2384 | SH |  | DFND | 3 | 2384 | 0 | 0 |
| OWENS CORNING NEW | COM | 690742101 |  | 357827 | 2602 | SH |  | DFND | 3 | 2602 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 1541683 | 16218 | SH |  | DFND | 3 | 16218 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 6228597 | 45691 | SH |  | DFND | 3 | 45691 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 219169 | 1071 | SH |  | DFND | 3 | 1071 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 292635 | 1430 | SH |  | DFND |  | 1430 | 0 | 0 |
| PARAMOUNT GLOBAL | CLASS B COM | 92556H206 |  | 367457 | 28485 | SH |  | DFND | 3 | 28485 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 240351 | 3234 | SH |  | DFND | 3 | 3234 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 644223 | 4879 | SH |  | DFND | 3 | 4879 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 4933882 | 203543 | SH |  | DFND | 3 | 203543 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 597204 | 42841 | SH |  | DFND | 3 | 42841 | 0 | 0 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 350844 | 7800 | SH |  | DFND | 3 | 7800 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 822858 | 4414 | SH |  | DFND | 3 | 4414 | 0 | 0 |
| POPULAR INC | COM NEW | 733174700 |  | 393891 | 3574 | SH |  | DFND | 3 | 3574 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 45611245 | 286287 | SH |  | DFND | 3 | 286287 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 425384 | 2670 | SH |  | DFND |  | 2670 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 19470639 | 72962 | SH |  | DFND | 3 | 72962 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 41563712 | 395393 | SH |  | DFND | 3 | 395393 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1655113 | 15405 | SH |  | DFND | 3 | 15405 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 768065 | 7283 | SH |  | DFND | 3 | 7283 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 8945953 | 56172 | SH |  | DFND | 3 | 56172 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 938352 | 16288 | SH |  | DFND | 3 | 16288 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 8790600 | 16744 | SH |  | DFND | 3 | 16744 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 269325 | 513 | SH |  | DFND |  | 513 | 0 | 0 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 |  | 751784 | 3790 | SH |  | DFND | 3 | 3790 | 0 | 0 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 5834514 | 88015 | SH |  | DFND | 3 | 88015 | 0 | 0 |
| RITHM CAPITAL CORP | COM NEW | 64828T201 |  | 1972397 | 174703 | SH |  | DFND | 3 | 174703 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 221341 | 2364 | SH |  | DFND | 3 | 2364 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 8363610 | 79502 | SH |  | DFND | 3 | 79502 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 209731 | 370 | SH |  | DFND | 3 | 370 | 0 | 0 |
| ROYAL GOLD INC | COM | 780287108 |  | 261069 | 1468 | SH |  | DFND | 3 | 1468 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 2799934 | 19175 | SH |  | DFND | 3 | 19175 | 0 | 0 |
| RYANAIR HOLDINGS PLC | SPONSORED ADR | 783513203 |  | 5736089 | 99464 | SH |  | DFND | 3 | 99464 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 5022437 | 9525 | SH |  | DFND | 3 | 9525 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 277882 | 527 | SH |  | DFND |  | 527 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 10442664 | 38295 | SH |  | DFND | 3 | 38295 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 343044 | 1258 | SH |  | DFND |  | 1258 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 544517 | 12007 | SH |  | DFND | 3 | 12007 | 0 | 0 |
| SAVERS VALUE VLG INC | COM | 80517M109 |  | 1654420 | 162198 | SH |  | DFND | 3 | 162198 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 986669 | 10814 | SH |  | DFND | 3 | 10814 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 72789814 | 455107 | SH |  | DFND | 3 | 455107 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 6573426 | 86755 | SH |  | DFND | 3 | 86755 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 36396088 | 35402 | SH |  | DFND | 3 | 35402 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 7255197 | 21130 | SH |  | DFND | 3 | 21130 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 21461790 | 186058 | SH |  | DFND | 3 | 186058 | 0 | 0 |
| SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 |  | 363431 | 15822 | SH |  | DFND | 3 | 15822 | 0 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 666283 | 8941 | SH |  | DFND | 3 | 8941 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 269559 | 2745 | SH |  | DFND | 3 | 2745 | 0 | 0 |
| SNAP ON INC | COM | 833034101 |  | 531495 | 1708 | SH |  | DFND | 3 | 1708 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 57447541 | 130370 | SH |  | DFND | 2 | 130370 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 99807489 | 161540 | SH |  | DFND | 2 | 161540 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 313073 | 4621 | SH |  | DFND | 3 | 4621 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 10530578 | 114925 | SH |  | DFND | 3 | 114925 | 0 | 0 |
| STARWOOD PPTY TR INC | COM | 85571B105 |  | 863592 | 43029 | SH |  | DFND | 3 | 43029 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 1846169 | 17361 | SH |  | DFND | 3 | 17361 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 615272 | 12554 | SH |  | DFND | 3 | 12554 | 0 | 0 |
| SWEETGREEN INC | COM CL A | 87043Q108 |  | 761707 | 51190 | SH |  | DFND | 3 | 51190 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 1540960 | 23089 | SH |  | DFND | 3 | 23089 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 12261768 | 23917 | SH |  | DFND | 3 | 23917 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 2320414 | 9739 | SH |  | DFND | 3 | 9739 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 1931820 | 22000 | SH |  | DFND | 3 | 22000 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 397855 | 4033 | SH |  | DFND | 3 | 4033 | 0 | 0 |
| TAYLOR MORRISON HOME CORP | COM | 87724P106 |  | 905392 | 14741 | SH |  | DFND | 3 | 14741 | 0 | 0 |
| TD SYNNEX CORPORATION | COM | 87162W100 |  | 1256311 | 9258 | SH |  | DFND | 3 | 9258 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 385257 | 752 | SH |  | DFND | 3 | 752 | 0 | 0 |
| TENCENT MUSIC ENTMT GROUP | SPON ADS | 88034P109 |  | 771102 | 39564 | SH |  | DFND | 3 | 39564 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 38847912 | 122294 | SH |  | DFND | 3 | 122294 | 0 | 0 |
| TETRA TECH INC NEW | COM | 88162G103 |  | 3308032 | 91992 | SH |  | DFND | 3 | 91992 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 44476149 | 214219 | SH |  | DFND | 3 | 214219 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 2337201 | 7070 | SH |  | DFND | 3 | 7070 | 0 | 0 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 3182534 | 44208 | SH |  | DFND | 3 | 44208 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 10710226 | 26415 | SH |  | DFND | 3 | 26415 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 278593 | 2256 | SH |  | DFND |  | 2256 | 0 | 0 |
| TOLL BROTHERS INC | COM | 889478103 |  | 358825 | 3144 | SH |  | DFND | 3 | 3144 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 5973074 | 3928 | SH |  | DFND | 3 | 3928 | 0 | 0 |
| TRIP COM GROUP LTD | ADS | 89677Q107 |  | 10923401 | 186279 | SH |  | DFND | 3 | 186279 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 1629966 | 37915 | SH |  | DFND | 3 | 37915 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 523431 | 4209 | SH |  | DFND | 3 | 4209 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 1601338 | 28626 | SH |  | DFND | 3 | 28626 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 3755418 | 40251 | SH |  | DFND | 3 | 40251 | 0 | 0 |
| UFP INDUSTRIES INC | COM | 90278Q108 |  | 228727 | 2302 | SH |  | DFND | 3 | 2302 | 0 | 0 |
| UGI CORP NEW | COM | 902681105 |  | 720206 | 19775 | SH |  | DFND | 3 | 19775 | 0 | 0 |
| UL SOLUTIONS INC | CLASS A COM SHS | 903731107 |  | 2227913 | 30578 | SH |  | DFND | 3 | 30578 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 297724 | 1294 | SH |  | DFND |  | 1294 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 1801629 | 22625 | SH |  | DFND | 3 | 22625 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 4789363 | 15352 | SH |  | DFND | 3 | 15352 | 0 | 0 |
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 |  | 586564 | 3238 | SH |  | DFND | 3 | 3238 | 0 | 0 |
| UNUM GROUP | COM | 91529Y106 |  | 705923 | 8741 | SH |  | DFND | 3 | 8741 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 1078851 | 23842 | SH |  | DFND | 3 | 23842 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 6808621 | 157352 | SH |  | DFND | 3 | 157352 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 19804277 | 44484 | SH |  | DFND | 3 | 44484 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 245905 | 1915 | SH |  | DFND | 3 | 1915 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 1888293 | 211455 | SH |  | DFND | 3 | 211455 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 4251757 | 130422 | SH |  | DFND | 3 | 130422 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 73954075 | 208292 | SH |  | DFND | 3 | 208292 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 543227 | 1530 | SH |  | DFND |  | 1530 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 3496564 | 16702 | SH |  | DFND | 3 | 16702 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 6229564 | 63710 | SH |  | DFND | 3 | 63710 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 393662 | 4026 | SH |  | DFND |  | 4026 | 0 | 0 |
| WARBY PARKER INC | CL A COM | 93403J106 |  | 1789291 | 81591 | SH |  | DFND | 3 | 81591 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 6304563 | 78689 | SH |  | DFND | 3 | 78689 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 2398188 | 15600 | SH |  | DFND | 3 | 15600 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 966249 | 15100 | SH |  | DFND | 3 | 15100 | 0 | 0 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 34177180 | 1330369 | SH |  | DFND | 3 | 1330369 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 2576400 | 10735 | SH |  | DFND | 3 | 10735 | 0 | 0 |
| WP CAREY INC | COM | 92936U109 |  | 280211 | 4492 | SH |  | DFND | 3 | 4492 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 221206 | 1710 | SH |  | DFND |  | 1710 | 0 | 0 |
| YETI HLDGS INC | COM | 98585X104 |  | 1012832 | 32133 | SH |  | DFND | 3 | 32133 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 3011314 | 20322 | SH |  | DFND | 3 | 20322 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 2902697 | 18613 | SH |  | DFND | 3 | 18613 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 417895 | 5359 | SH |  | DFND | 3 | 5359 | 0 | 0 |

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