# EDGAR Filing Document

**Accession Number:** 0001637689
**File Stem:** 0001172661-25-005303
**Filing Date:** 2025-12
**Character Count:** 38016
**Document Hash:** 6166889f22322c4464654d4b3916147d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-005303.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001172661-25-005303

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20160630

**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:** 251607746

**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:** 06-30-2016

**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:** 358

**Form 13F Information Table Value Total:** $2434167903

      (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 |  | 16066735 | 91747 | SH |  | SOLE |  | 91747 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 8314080 | 134293 | SH |  | SOLE |  | 134293 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1347117 | 21831 | SH |  | DFND | 1 | 21831 | 0 | 0 |
| AETNA INC NEW | COM | 00817Y108 |  | 1184945 | 9727 | SH |  | SOLE |  | 9727 | 0 | 0 |
| AFLAC INC | COM | 001055102 |  | 851001 | 11812 | SH |  | SOLE |  | 11812 | 0 | 0 |
| AGL RES INC | COM | 001204106 |  | 1372976 | 20824 | SH |  | SOLE |  | 20824 | 0 | 0 |
| AGRIUM INC | COM | 008916108 |  | 426744 | 4750 | SH |  | SOLE |  | 4750 | 0 | 0 |
| AGRIUM INC | COM | 008916108 |  | 319994 | 3567 | SH |  | DFND | 1 | 3567 | 0 | 0 |
| ALASKA AIR GROUP INC | COM | 011659109 |  | 1424659 | 24461 | SH |  | SOLE |  | 24461 | 0 | 0 |
| ALLIANCE DATA SYSTEMS CORP | COM | 018581108 |  | 443922 | 2270 | SH |  | SOLE |  | 2270 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 687678 | 9831 | SH |  | SOLE |  | 9831 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 23919768 | 34005 | SH |  | SOLE |  | 34005 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 109047 | 155 | SH |  | DFND | 1 | 155 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 20463758 | 29570 | SH |  | SOLE |  | 29570 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 19054862 | 276358 | SH |  | SOLE |  | 276358 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 2561558 | 37268 | SH |  | DFND | 1 | 37268 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 20037 | 28 | SH |  | DFND | 1 | 28 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 17174372 | 24002 | SH |  | SOLE |  | 24002 | 0 | 0 |
| AMEREN CORP | COM | 023608102 |  | 534581 | 9980 | SH |  | SOLE |  | 9980 | 0 | 0 |
| AMERICAN CAPITAL AGENCY CORP | COM | 02503X105 |  | 618170 | 31292 | SH |  | DFND | 1 | 31292 | 0 | 0 |
| AMERICAN ELEC PWR INC | COM | 025537101 |  | 19791081 | 282374 | SH |  | SOLE |  | 282374 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 7703524 | 126802 | SH |  | SOLE |  | 126802 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 18804641 | 355546 | SH |  | SOLE |  | 355546 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 7389623 | 82244 | SH |  | SOLE |  | 82244 | 0 | 0 |
| AMERISOURCEBERGEN CORP | COM | 03073E105 |  | 4336666 | 54739 | SH |  | SOLE |  | 54739 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 16687051 | 109675 | SH |  | SOLE |  | 109675 | 0 | 0 |
| ANNALY CAP MGMT INC | COM | 035710409 |  | 624084 | 56562 | SH |  | DFND | 1 | 56562 | 0 | 0 |
| ANTHEM INC | COM | 036752103 |  | 3196591 | 24364 | SH |  | SOLE |  | 24364 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 51955005 | 543535 | SH |  | SOLE |  | 543535 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 233561 | 9752 | SH |  | SOLE |  | 9752 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 1659913 | 38748 | SH |  | SOLE |  | 38748 | 0 | 0 |
| ARROW ELECTRS INC | COM | 042735100 |  | 497630 | 8054 | SH |  | SOLE |  | 8054 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 17329591 | 401246 | SH |  | SOLE |  | 401246 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 4443114 | 103165 | SH |  | DFND | 1 | 103165 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 11142729 | 121288 | SH |  | SOLE |  | 121288 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 364697 | 460 | SH |  | SOLE |  | 460 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 648080 | 8686 | SH |  | SOLE |  | 8686 | 0 | 0 |
| BANK AMER CORP | COM | 060505104 |  | 15521287 | 1169702 | SH |  | SOLE |  | 1169702 | 0 | 0 |
| BANK N S HALIFAX | COM | 064149107 |  | 348575 | 7174 | SH |  | DFND | 1 | 7174 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 1873697 | 48229 | SH |  | SOLE |  | 48229 | 0 | 0 |
| BARD C R INC | COM | 067383109 |  | 2661737 | 11328 | SH |  | SOLE |  | 11328 | 0 | 0 |
| BARRICK GOLD CORP | COM | 067901108 |  | 1036758 | 48909 | SH |  | SOLE |  | 48909 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 16016758 | 94444 | SH |  | SOLE |  | 94444 | 0 | 0 |
| BED BATH  BEYOND INC | COM | 075896100 |  | 2773082 | 64237 | SH |  | SOLE |  | 64237 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 512635 | 8571 | SH |  | SOLE |  | 8571 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 12887902 | 89017 | SH |  | SOLE |  | 89017 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 5499393 | 22742 | SH |  | SOLE |  | 22742 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 7992252 | 23333 | SH |  | SOLE |  | 23333 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 7501153 | 57778 | SH |  | SOLE |  | 57778 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 216947 | 1676 | SH |  | DFND | 1 | 1676 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 889560 | 38100 | SH |  | SOLE |  | 38100 | 0 | 0 |
| BRISTOL MYERS SQUIBB CO | COM | 110122108 |  | 10773678 | 146481 | SH |  | SOLE |  | 146481 | 0 | 0 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 400506 | 6154 | SH |  | SOLE |  | 6154 | 0 | 0 |
| C H ROBINSON WORLDWIDE INC | COM NEW | 12541W209 |  | 5309698 | 71599 | SH |  | SOLE |  | 71599 | 0 | 0 |
| CA INC | COM | 12673P105 |  | 2530677 | 77164 | SH |  | SOLE |  | 77164 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 312805 | 4929 | SH |  | SOLE |  | 4929 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 3256492 | 41790 | SH |  | SOLE |  | 41790 | 0 | 0 |
| CATERPILLAR INC DEL | COM | 149123101 |  | 413579 | 5466 | SH |  | SOLE |  | 5466 | 0 | 0 |
| CATERPILLAR INC DEL | COM | 149123101 |  | 127925 | 1693 | SH |  | DFND | 1 | 1693 | 0 | 0 |
| CDN IMPERIAL BK COMM TORONTO | COM | 136069101 |  | 447356 | 5998 | SH |  | SOLE |  | 5998 | 0 | 0 |
| CDN IMPERIAL BK COMM TORONTO | COM | 136069101 |  | 429500 | 5767 | SH |  | DFND | 1 | 5767 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 377423 | 9434 | SH |  | SOLE |  | 9434 | 0 | 0 |
| CELGENE CORP | COM | 151020104 |  | 7965951 | 80766 | SH |  | SOLE |  | 80766 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 1815714 | 25470 | SH |  | SOLE |  | 25470 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 2300122 | 95912 | SH |  | SOLE |  | 95912 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 866328 | 36216 | SH |  | DFND | 1 | 36216 | 0 | 0 |
| CENTURYLINK INC | COM | 156700106 |  | 535008 | 18503 | SH |  | DFND | 1 | 18503 | 0 | 0 |
| CHESAPEAKE ENERGY CORP | COM | 165167107 |  | 337303 | 79069 | SH |  | DFND | 1 | 79069 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 7899360 | 75354 | SH |  | SOLE |  | 75354 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2502325 | 23949 | SH |  | DFND | 1 | 23949 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 7617450 | 58279 | SH |  | SOLE |  | 58279 | 0 | 0 |
| CHURCH  DWIGHT INC | COM | 171340102 |  | 450532 | 4387 | SH |  | SOLE |  | 4387 | 0 | 0 |
| CIGNA CORPORATION | COM | 125509109 |  | 3475102 | 27179 | SH |  | SOLE |  | 27179 | 0 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 1045850 | 13988 | SH |  | SOLE |  | 13988 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 1159688 | 11839 | SH |  | SOLE |  | 11839 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 13261235 | 462225 | SH |  | SOLE |  | 462225 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 671581 | 23485 | SH |  | DFND | 1 | 23485 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 14188955 | 334743 | SH |  | SOLE |  | 334743 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 3147966 | 74262 | SH |  | DFND | 1 | 74262 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 1218285 | 8815 | SH |  | SOLE |  | 8815 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 |  | 596654 | 6146 | SH |  | DFND | 1 | 6146 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 317471 | 6930 | SH |  | SOLE |  | 6930 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 4420264 | 97513 | SH |  | SOLE |  | 97513 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 2217758 | 49086 | SH |  | DFND | 1 | 49086 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 16863871 | 258688 | SH |  | SOLE |  | 258688 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 5590087 | 128213 | SH |  | SOLE |  | 128213 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 892797 | 11110 | SH |  | SOLE |  | 11110 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 267466 | 3336 | SH |  | DFND | 1 | 3336 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 1710319 | 10358 | SH |  | SOLE |  | 10358 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 443140 | 2827 | SH |  | SOLE |  | 2827 | 0 | 0 |
| CROWN CASTLE INTL CORP NEW | COM | 22822V101 |  | 2217958 | 21903 | SH |  | SOLE |  | 21903 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 6431899 | 246623 | SH |  | SOLE |  | 246623 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 202352 | 1801 | SH |  | SOLE |  | 1801 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 9759815 | 101967 | SH |  | SOLE |  | 101967 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 674838 | 21461 | SH |  | SOLE |  | 21461 | 0 | 0 |
| DANAHER CORP DEL | COM | 235851102 |  | 12214940 | 120940 | SH |  | SOLE |  | 120940 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 757098 | 11963 | SH |  | SOLE |  | 11963 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 500881 | 6192 | SH |  | SOLE |  | 6192 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 1001299 | 27533 | SH |  | SOLE |  | 27533 | 0 | 0 |
| DISCOVER FINL SVCS | COM | 254709108 |  | 594565 | 11114 | SH |  | SOLE |  | 11114 | 0 | 0 |
| DISNEY WALT CO | COM DISNEY | 254687106 |  | 16953706 | 173318 | SH |  | SOLE |  | 173318 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 2424985 | 25839 | SH |  | SOLE |  | 25839 | 0 | 0 |
| DOMINION RES INC VA NEW | COM | 25746U109 |  | 376947 | 4837 | SH |  | SOLE |  | 4837 | 0 | 0 |
| DOMINION RES INC VA NEW | COM | 25746U109 |  | 124822 | 1607 | SH |  | DFND | 1 | 1607 | 0 | 0 |
| DOW CHEM CO | COM | 260543103 |  | 10695007 | 215148 | SH |  | SOLE |  | 215148 | 0 | 0 |
| DOW CHEM CO | COM | 260543103 |  | 489521 | 9880 | SH |  | DFND | 1 | 9880 | 0 | 0 |
| DR PEPPER SNAPPLE GROUP INC | COM | 26138E109 |  | 534681 | 5544 | SH |  | SOLE |  | 5544 | 0 | 0 |
| DU PONT E I DE NEMOURS  CO | COM | 263534109 |  | 10765289 | 166131 | SH |  | SOLE |  | 166131 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 1480317 | 17312 | SH |  | DFND | 1 | 17312 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 23692586 | 276181 | SH |  | SOLE |  | 276181 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 612515 | 9036 | SH |  | SOLE |  | 9036 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 243375 | 4078 | SH |  | SOLE |  | 4078 | 0 | 0 |
| EBAY INC | COM | 278642103 |  | 227555 | 9729 | SH |  | SOLE |  | 9729 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 10525276 | 88746 | SH |  | SOLE |  | 88746 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 3512994 | 45289 | SH |  | SOLE |  | 45289 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 453757 | 8728 | SH |  | DFND | 1 | 8728 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 832233 | 10264 | SH |  | DFND | 1 | 10264 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 6144050 | 73652 | SH |  | SOLE |  | 73652 | 0 | 0 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 |  | 531380 | 7740 | SH |  | DFND | 1 | 7740 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 367610 | 6144 | SH |  | SOLE |  | 6144 | 0 | 0 |
| EXPEDITORS INTL WASH INC | COM | 302130109 |  | 2588514 | 52863 | SH |  | SOLE |  | 52863 | 0 | 0 |
| EXPRESS SCRIPTS HLDG CO | COM | 30219G108 |  | 2824149 | 37293 | SH |  | SOLE |  | 37293 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 57878527 | 617448 | SH |  | SOLE |  | 617448 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 4081671 | 43686 | SH |  | DFND | 1 | 43686 | 0 | 0 |
| FACEBOOK INC | CL A | 30303M102 |  | 22535560 | 197221 | SH |  | SOLE |  | 197221 | 0 | 0 |
| FEDERAL REALTY INVT TR | SH BEN INT NEW | 313747206 |  | 389818 | 2358 | SH |  | SOLE |  | 2358 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 324096 | 4407 | SH |  | SOLE |  | 4407 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 1974181 | 18178 | SH |  | SOLE |  | 18178 | 0 | 0 |
| FMC TECHNOLOGIES INC | COM | 30249U101 |  | 402374 | 15112 | SH |  | SOLE |  | 15112 | 0 | 0 |
| FOOT LOCKER INC | COM | 344849104 |  | 683336 | 12478 | SH |  | SOLE |  | 12478 | 0 | 0 |
| FORD MTR CO DEL | COM PAR $0.01 | 345370860 |  | 3046415 | 242624 | SH |  | SOLE |  | 242624 | 0 | 0 |
| FRANKLIN RES INC | COM | 354613101 |  | 6000593 | 179820 | SH |  | SOLE |  | 179820 | 0 | 0 |
| FRONTIER COMMUNICATIONS CORP | COM | 35906A108 |  | 621843 | 126294 | SH |  | DFND | 1 | 126294 | 0 | 0 |
| GAP INC DEL | COM | 364760108 |  | 2476110 | 116829 | SH |  | SOLE |  | 116829 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 474394 | 4879 | SH |  | SOLE |  | 4879 | 0 | 0 |
| GENERAL ELECTRIC CO | COM | 369604103 |  | 24230200 | 769714 | SH |  | SOLE |  | 769714 | 0 | 0 |
| GENERAL ELECTRIC CO | COM | 369604103 |  | 95325 | 3109 | SH |  | DFND | 1 | 3109 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 14687517 | 205973 | SH |  | SOLE |  | 205973 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 645038 | 22868 | SH |  | DFND | 1 | 22868 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 2385005 | 84364 | SH |  | SOLE |  | 84364 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 501483 | 4962 | SH |  | SOLE |  | 4962 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 15210360 | 182385 | SH |  | SOLE |  | 182385 | 0 | 0 |
| GLOBAL X FDS | GLBX MSCI COLUM | 37950E200 |  | 302273 | 33213 | SH |  | SOLE |  | 33213 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 9678947 | 65143 | SH |  | SOLE |  | 65143 | 0 | 0 |
| HANESBRANDS INC | COM | 410345102 |  | 399763 | 15937 | SH |  | SOLE |  | 15937 | 0 | 0 |
| HARLEY DAVIDSON INC | COM | 412822108 |  | 349680 | 7734 | SH |  | SOLE |  | 7734 | 0 | 0 |
| HCA HOLDINGS INC | COM | 40412C101 |  | 3002356 | 39027 | SH |  | SOLE |  | 39027 | 0 | 0 |
| HCP INC | COM | 40414L109 |  | 710812 | 20157 | SH |  | DFND | 1 | 20157 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 460890 | 25246 | SH |  | SOLE |  | 25246 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 22588651 | 176920 | SH |  | SOLE |  | 176920 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 22947959 | 197283 | SH |  | SOLE |  | 197283 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 353797 | 3817 | SH |  | SOLE |  | 3817 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 18001244 | 172823 | SH |  | SOLE |  | 172823 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 1663414 | 50881 | SH |  | DFND | 1 | 50881 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 20912301 | 637594 | SH |  | SOLE |  | 637594 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1418716 | 9378 | SH |  | DFND | 1 | 9378 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 12033282 | 79309 | SH |  | SOLE |  | 79309 | 0 | 0 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 413390 | 17929 | SH |  | SOLE |  | 17929 | 0 | 0 |
| INTERVAL LEISURE GROUP INC | COM | 46113M108 |  | 835640 | 52556 | SH |  | SOLE |  | 52556 | 0 | 0 |
| INTL PAPER CO | COM | 460146103 |  | 658280 | 15584 | SH |  | DFND | 1 | 15584 | 0 | 0 |
| INTL PAPER CO | COM | 460146103 |  | 976080 | 23062 | SH |  | SOLE |  | 23062 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 3611472 | 5468 | SH |  | SOLE |  | 5468 | 0 | 0 |
| ISHARES | MSCI MEX CAP ETF | 464286822 |  | 491558 | 9790 | SH |  | SOLE |  | 9790 | 0 | 0 |
| ISHARES | MSCI THI CAP ETF | 464286624 |  | 594181 | 8650 | SH |  | SOLE |  | 8650 | 0 | 0 |
| ISHARES | MSCI BRZ CAP ETF | 464286400 |  | 775925 | 25796 | SH |  | SOLE |  | 25796 | 0 | 0 |
| ISHARES | MSCI STH AFR ETF | 464286780 |  | 397262 | 7535 | SH |  | SOLE |  | 7535 | 0 | 0 |
| ISHARES | MSCI ISR CAP ETF | 464286632 |  | 1506789 | 32268 | SH |  | DFND | 1 | 32268 | 0 | 0 |
| ISHARES | MSCI CH CAP ETF | 464286640 |  | 447866 | 12209 | SH |  | SOLE |  | 12209 | 0 | 0 |
| ISHARES TR | CORE MSCI PAC | 46434V696 |  | 1165907 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| ISHARES TR | MSCI PHILIPS ETF | 46429B408 |  | 518332 | 13275 | SH |  | SOLE |  | 13275 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 340078100 | 9897500 | SH |  | SOLE |  | 9897500 | 0 | 0 |
| ISHARES TR | MIN VOL USA ETF | 46429B697 |  | 9839055 | 213600 | SH |  | SOLE |  | 213600 | 0 | 0 |
| ISHARES TR | MSCI INDONIA ETF | 46429B309 |  | 441370 | 18102 | SH |  | SOLE |  | 18102 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 343600000 | 10000000 | SH | Put | SOLE |  | 10000000 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 566547 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| JACOBS ENGR GROUP INC DEL | COM | 469814107 |  | 625727 | 12584 | SH |  | SOLE |  | 12584 | 0 | 0 |
| JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 |  | 313970 | 2226 | SH |  | SOLE |  | 2226 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 3969800 | 32835 | SH |  | DFND | 1 | 32835 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 56573850 | 466450 | SH |  | SOLE |  | 466450 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 21946452 | 353178 | SH |  | SOLE |  | 353178 | 0 | 0 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 403996 | 17993 | SH |  | SOLE |  | 17993 | 0 | 0 |
| KELLOGG CO | COM | 487836108 |  | 577920 | 7087 | SH |  | SOLE |  | 7087 | 0 | 0 |
| KEYCORP NEW | COM | 493267108 |  | 120653 | 10927 | SH |  | SOLE |  | 10927 | 0 | 0 |
| KLA-TENCOR CORP | COM | 482480100 |  | 1043186 | 14252 | SH |  | SOLE |  | 14252 | 0 | 0 |
| KOHLS CORP | COM | 500255104 |  | 1035153 | 27332 | SH |  | SOLE |  | 27332 | 0 | 0 |
| L BRANDS INC | COM | 501797104 |  | 455453 | 6807 | SH |  | DFND | 1 | 6807 | 0 | 0 |
| L BRANDS INC | COM | 501797104 |  | 9367 | 140 | SH |  | SOLE |  | 140 | 0 | 0 |
| L-3 COMMUNICATIONS HLDGS INC | COM | 502424104 |  | 2636848 | 17992 | SH |  | SOLE |  | 17992 | 0 | 0 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 693901 | 16008 | SH |  | DFND | 1 | 16008 | 0 | 0 |
| LINCOLN NATL CORP IND | COM | 534187109 |  | 482515 | 12465 | SH |  | SOLE |  | 12465 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 2201739 | 8884 | SH |  | SOLE |  | 8884 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1611515 | 6515 | SH |  | DFND | 1 | 6515 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 364622 | 4614 | SH |  | SOLE |  | 4614 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 201238 | 2713 | SH |  | DFND | 1 | 2713 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 1084538 | 14597 | SH |  | SOLE |  | 14597 | 0 | 0 |
| MACERICH CO | COM | 554382101 |  | 575785 | 6743 | SH |  | SOLE |  | 6743 | 0 | 0 |
| MACYS INC | COM | 55616P104 |  | 1667975 | 49690 | SH |  | SOLE |  | 49690 | 0 | 0 |
| MAGNA INTL INC | COM | 559222401 |  | 518654 | 14880 | SH |  | SOLE |  | 14880 | 0 | 0 |
| MALLINCKRODT PUB LTD CO | SHS | G5785G107 |  | 662357 | 10925 | SH |  | SOLE |  | 10925 | 0 | 0 |
| MANPOWERGROUP INC | COM | 56418H100 |  | 409480 | 6376 | SH |  | SOLE |  | 6376 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 5438621 | 81833 | SH |  | SOLE |  | 81833 | 0 | 0 |
| MARVELL TECHNOLOGY GROUP LTD | ORD | G5876H105 |  | 398262 | 41867 | SH |  | SOLE |  | 41867 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 384343 | 12445 | SH |  | SOLE |  | 12445 | 0 | 0 |
| MASTERCARD INC | CL A | 57636Q104 |  | 12721500 | 144464 | SH |  | SOLE |  | 144464 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 745005 | 6997 | SH |  | SOLE |  | 6997 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 11852306 | 98536 | SH |  | SOLE |  | 98536 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 1005270 | 8381 | SH |  | DFND | 1 | 8381 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 2715812 | 14564 | SH |  | SOLE |  | 14564 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 10448974 | 120425 | SH |  | SOLE |  | 120425 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 2122844 | 36970 | SH |  | DFND | 1 | 36970 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 24583512 | 426723 | SH |  | SOLE |  | 426723 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 10648042 | 267365 | SH |  | SOLE |  | 267365 | 0 | 0 |
| MICHAEL KORS HLDGS LTD | SHS | G60754101 |  | 610054 | 12348 | SH |  | SOLE |  | 12348 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 4019833 | 292139 | SH |  | SOLE |  | 292139 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 42266 | 826 | SH |  | DFND | 1 | 826 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 40204265 | 785722 | SH |  | SOLE |  | 785722 | 0 | 0 |
| MOLSON COORS BREWING CO | CL B | 60871R209 |  | 1003932 | 9938 | SH |  | SOLE |  | 9938 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 9445874 | 207556 | SH |  | SOLE |  | 207556 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 431679 | 2691 | SH |  | SOLE |  | 2691 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 388133 | 14953 | SH |  | SOLE |  | 14953 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 644237 | 8369 | SH |  | SOLE |  | 8369 | 0 | 0 |
| MURPHY OIL CORP | COM | 626717102 |  | 208387 | 6585 | SH |  | DFND | 1 | 6585 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 529814 | 8206 | SH |  | SOLE |  | 8206 | 0 | 0 |
| NATIONAL OILWELL VARCO INC | COM | 637071101 |  | 115069 | 3422 | SH |  | SOLE |  | 3422 | 0 | 0 |
| NATIONAL OILWELL VARCO INC | COM | 637071101 |  | 406465 | 12119 | SH |  | DFND | 1 | 12119 | 0 | 0 |
| NEWMONT MINING CORP | COM | 651639106 |  | 942272 | 24112 | SH |  | SOLE |  | 24112 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 8004 | 145 | SH |  | DFND | 1 | 145 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 13118280 | 237650 | SH |  | SOLE |  | 237650 | 0 | 0 |
| NORDSTROM INC | COM | 655664100 |  | 1981705 | 52140 | SH |  | SOLE |  | 52140 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 736973 | 3321 | SH |  | SOLE |  | 3321 | 0 | 0 |
| NVIDIA CORP | COM | 67066G104 |  | 2097041 | 44645 | SH |  | SOLE |  | 44645 | 0 | 0 |
| O REILLY AUTOMOTIVE INC NEW | COM | 67103H107 |  | 2064213 | 7617 | SH |  | SOLE |  | 7617 | 0 | 0 |
| OCCIDENTAL PETE CORP DEL | COM | 674599105 |  | 6962778 | 92149 | SH |  | SOLE |  | 92149 | 0 | 0 |
| OCCIDENTAL PETE CORP DEL | COM | 674599105 |  | 195886 | 2601 | SH |  | DFND | 1 | 2601 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 419872 | 5162 | SH |  | SOLE |  | 5162 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 1271549 | 26886 | SH |  | DFND | 1 | 26886 | 0 | 0 |
| OPEN TEXT CORP | COM | 683715106 |  | 1677486 | 28571 | SH |  | SOLE |  | 28571 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 12975670 | 317021 | SH |  | SOLE |  | 317021 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 7488472 | 144370 | SH |  | SOLE |  | 144370 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 329763 | 4936 | SH |  | SOLE |  | 4936 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 156502 | 2346 | SH |  | DFND | 1 | 2346 | 0 | 0 |
| PARKER HANNIFIN CORP | COM | 701094104 |  | 5559605 | 51454 | SH |  | SOLE |  | 51454 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 1501920 | 25258 | SH |  | SOLE |  | 25258 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 438684 | 7538 | SH |  | SOLE |  | 7538 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 16624598 | 156970 | SH |  | SOLE |  | 156970 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 3719296 | 105980 | SH |  | DFND | 1 | 105980 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 21518768 | 611155 | SH |  | SOLE |  | 611155 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 431120 | 6752 | SH |  | SOLE |  | 6752 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 21041409 | 206929 | SH |  | SOLE |  | 206929 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 2843162 | 28043 | SH |  | DFND | 1 | 28043 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 919282 | 11343 | SH |  | SOLE |  | 11343 | 0 | 0 |
| PLAINS GP HLDGS L P | SHS A REP LTPN | 72651A108 |  | 844560 | 81241 | SH |  | DFND | 1 | 81241 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 4273138 | 52502 | SH |  | SOLE |  | 52502 | 0 | 0 |
| POLARIS INDS INC | COM | 731068102 |  | 459712 | 5633 | SH |  | SOLE |  | 5633 | 0 | 0 |
| PPG INDS INC | COM | 693506107 |  | 329241 | 3167 | SH |  | SOLE |  | 3167 | 0 | 0 |
| PPL CORP | COM | 69351T106 |  | 14191329 | 375930 | SH |  | SOLE |  | 375930 | 0 | 0 |
| PPL CORP | COM | 69351T106 |  | 701687 | 18649 | SH |  | DFND | 1 | 18649 | 0 | 0 |
| PRAXAIR INC | COM | 74005P104 |  | 16073006 | 143011 | SH |  | SOLE |  | 143011 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 390257 | 5358 | SH |  | SOLE |  | 5358 | 0 | 0 |
| PRINCIPAL FINL GROUP INC | COM | 74251V102 |  | 477597 | 11635 | SH |  | SOLE |  | 11635 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 25651783 | 302997 | SH |  | SOLE |  | 302997 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 3739570 | 44312 | SH |  | DFND | 1 | 44312 | 0 | 0 |
| PROGRESSIVE CORP OHIO | COM | 743315103 |  | 1085894 | 32466 | SH |  | SOLE |  | 32466 | 0 | 0 |
| PROLOGIS INC | COM | 74340W103 |  | 21909159 | 446761 | SH |  | SOLE |  | 446761 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 5208 | 73 | SH |  | DFND | 1 | 73 | 0 | 0 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1483268 | 20813 | SH |  | SOLE |  | 20813 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GROUP | COM | 744573106 |  | 122367 | 2634 | SH |  | DFND | 1 | 2634 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GROUP | COM | 744573106 |  | 543311 | 11664 | SH |  | SOLE |  | 11664 | 0 | 0 |
| PVH CORP | COM | 693656100 |  | 586251 | 6232 | SH |  | SOLE |  | 6232 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 16746005 | 312624 | SH |  | SOLE |  | 312624 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 216673 | 4058 | SH |  | DFND | 1 | 4058 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 1680426 | 20649 | SH |  | SOLE |  | 20649 | 0 | 0 |
| RAYTHEON CO | COM NEW | 755111507 |  | 519084 | 3823 | SH |  | SOLE |  | 3823 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 754462 | 10889 | SH |  | SOLE |  | 10889 | 0 | 0 |
| RENAISSANCERE HOLDINGS LTD | COM | G7496G103 |  | 1873843 | 15985 | SH |  | SOLE |  | 15985 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 962693 | 18783 | SH |  | SOLE |  | 18783 | 0 | 0 |
| REYNOLDS AMERICAN INC | COM | 761713106 |  | 1152837 | 21447 | SH |  | DFND | 1 | 21447 | 0 | 0 |
| REYNOLDS AMERICAN INC | COM | 761713106 |  | 605752 | 11246 | SH |  | SOLE |  | 11246 | 0 | 0 |
| ROBERT HALF INTL INC | COM | 770323103 |  | 461935 | 12126 | SH |  | SOLE |  | 12126 | 0 | 0 |
| ROGERS COMMUNICATIONS INC | CL B | 775109200 |  | 1777284 | 44214 | SH |  | SOLE |  | 44214 | 0 | 0 |
| ROYAL DUTCH SHELL PLC | SPON ADR B | 780259107 |  | 1212904 | 21659 | SH |  | DFND | 1 | 21659 | 0 | 0 |
| RYDEX ETF TRUST | GUG S EQ WT | 78355W106 |  | 57019723 | 711900 | SH |  | SOLE |  | 711900 | 0 | 0 |
| SCANA CORP NEW | COM | 80589M102 |  | 275896 | 3651 | SH |  | SOLE |  | 3651 | 0 | 0 |
| SCHLUMBERGER LTD | COM | 806857108 |  | 9985985 | 126277 | SH |  | SOLE |  | 126277 | 0 | 0 |
| SCHLUMBERGER LTD | COM | 806857108 |  | 111575 | 1436 | SH |  | DFND | 1 | 1436 | 0 | 0 |
| SCHWAB CHARLES CORP NEW | COM | 808513105 |  | 2823989 | 111576 | SH |  | SOLE |  | 111576 | 0 | 0 |
| SCRIPPS NETWORKS INTERACT IN | CL A COM | 811065101 |  | 579888 | 9330 | SH |  | SOLE |  | 9330 | 0 | 0 |
| SEAGATE TECHNOLOGY PLC | SHS | G7945M107 |  | 523573 | 21564 | SH |  | DFND | 1 | 21564 | 0 | 0 |
| SEAGATE TECHNOLOGY PLC | SHS | G7945M107 |  | 392497 | 16142 | SH |  | SOLE |  | 16142 | 0 | 0 |
| SEALED AIR CORP NEW | COM | 81211K100 |  | 365986 | 7976 | SH |  | SOLE |  | 7976 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 17003632 | 78395 | SH |  | SOLE |  | 78395 | 0 | 0 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 625374 | 9899 | SH |  | SOLE |  | 9899 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 1314643 | 24594 | SH |  | DFND | 1 | 24594 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 1285190 | 23990 | SH |  | SOLE |  | 23990 | 0 | 0 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 956856 | 24442 | SH |  | SOLE |  | 24442 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 28941141 | 138600 | SH |  | SOLE |  | 138600 | 0 | 0 |
| SPECTRA ENERGY CORP | COM | 847560109 |  | 406571 | 11136 | SH |  | DFND | 1 | 11136 | 0 | 0 |
| STAPLES INC | COM | 855030102 |  | 118393 | 13780 | SH |  | DFND | 1 | 13780 | 0 | 0 |
| STAPLES INC | COM | 855030102 |  | 1152442 | 133988 | SH |  | SOLE |  | 133988 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 5108699 | 89438 | SH |  | SOLE |  | 89438 | 0 | 0 |
| STARWOOD HOTELS WRLD | COM | 85590A401 |  | 9018794 | 121958 | SH |  | SOLE |  | 121958 | 0 | 0 |
| STRYKER CORP | COM | 863667101 |  | 2119504 | 17704 | SH |  | SOLE |  | 17704 | 0 | 0 |
| SYMANTEC CORP | COM | 871503108 |  | 25531 | 1243 | SH |  | DFND | 1 | 1243 | 0 | 0 |
| SYMANTEC CORP | COM | 871503108 |  | 903042 | 44003 | SH |  | SOLE |  | 44003 | 0 | 0 |
| SYNCHRONY FINL | COM | 87165B103 |  | 1289 | 51 | SH |  | DFND | 1 | 51 | 0 | 0 |
| SYNCHRONY FINL | COM | 87165B103 |  | 271442 | 10751 | SH |  | SOLE |  | 10751 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 5107996 | 100796 | SH |  | SOLE |  | 100796 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 1697243 | 24313 | SH |  | SOLE |  | 24313 | 0 | 0 |
| TECO ENERGY INC | COM | 872375100 |  | 836248 | 30255 | SH |  | SOLE |  | 30255 | 0 | 0 |
| TEGNA INC | COM | 87901J105 |  | 764596 | 33061 | SH |  | SOLE |  | 33061 | 0 | 0 |
| TESORO CORP | COM | 881609101 |  | 722823 | 9666 | SH |  | SOLE |  | 9666 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 12603739 | 201177 | SH |  | SOLE |  | 201177 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 16136426 | 109207 | SH |  | SOLE |  | 109207 | 0 | 0 |
| TIME WARNER INC | COM NEW | 887317303 |  | 7486960 | 101808 | SH |  | SOLE |  | 101808 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 230853 | 2993 | SH |  | SOLE |  | 2993 | 0 | 0 |
| TOTAL SYS SVCS INC | COM | 891906109 |  | 634676 | 11973 | SH |  | SOLE |  | 11973 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 5734529 | 48181 | SH |  | SOLE |  | 48181 | 0 | 0 |
| TWENTY FIRST CENTY FOX INC | CL A | 90130A101 |  | 2941525 | 108744 | SH |  | SOLE |  | 108744 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 3040355 | 45567 | SH |  | SOLE |  | 45567 | 0 | 0 |
| UGI CORP NEW | COM | 902681105 |  | 480353 | 10635 | SH |  | SOLE |  | 10635 | 0 | 0 |
| UNDER ARMOUR INC | CL A | 904311107 |  | 1360608 | 33905 | SH |  | SOLE |  | 33905 | 0 | 0 |
| UNDER ARMOUR INC | CL C | 904311206 |  | 1242842 | 34144 | SH |  | SOLE |  | 34144 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 11971049 | 137204 | SH |  | SOLE |  | 137204 | 0 | 0 |
| UNITED CONTL HLDGS INC | COM | 910047109 |  | 655253 | 15992 | SH |  | SOLE |  | 15992 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 7097279 | 65907 | SH |  | SOLE |  | 65907 | 0 | 0 |
| UNITED TECHNOLOGIES CORP | COM | 913017109 |  | 13062409 | 127376 | SH |  | SOLE |  | 127376 | 0 | 0 |
| UNITED TECHNOLOGIES CORP | COM | 913017109 |  | 27689 | 270 | SH |  | DFND | 1 | 270 | 0 | 0 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 511397 | 4837 | SH |  | SOLE |  | 4837 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 13202869 | 93529 | SH |  | SOLE |  | 93529 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 15402350 | 381908 | SH |  | SOLE |  | 381908 | 0 | 0 |
| VALERO ENERGY CORP NEW | COM | 91913Y100 |  | 2398955 | 47086 | SH |  | SOLE |  | 47086 | 0 | 0 |
| VALSPAR CORP | COM | 920355104 |  | 476511 | 4419 | SH |  | SOLE |  | 4419 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1478478 | 42100 | SH |  | SOLE |  | 42100 | 0 | 0 |
| VEREIT INC | COM | 92339V100 |  | 460794 | 45593 | SH |  | DFND | 1 | 45593 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 657543 | 7618 | SH |  | SOLE |  | 7618 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 491173 | 6069 | SH |  | SOLE |  | 6069 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 15841061 | 283816 | SH |  | SOLE |  | 283816 | 0 | 0 |
| VERMILION ENERGY INC | COM | 923725105 |  | 326125 | 10329 | SH |  | DFND | 1 | 10329 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 4650413 | 54062 | SH |  | SOLE |  | 54062 | 0 | 0 |
| VIACOM INC NEW | CL B | 92553P201 |  | 550623 | 13299 | SH |  | SOLE |  | 13299 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 10969595 | 147898 | SH |  | SOLE |  | 147898 | 0 | 0 |
| VOYA FINL INC | COM | 929089100 |  | 312911 | 12661 | SH |  | SOLE |  | 12661 | 0 | 0 |
| WABTEC CORP | COM | 929740108 |  | 394741 | 5631 | SH |  | SOLE |  | 5631 | 0 | 0 |
| WAL-MART STORES INC | COM | 931142103 |  | 1237244 | 16945 | SH |  | SOLE |  | 16945 | 0 | 0 |
| WAL-MART STORES INC | COM | 931142103 |  | 1012349 | 13864 | SH |  | DFND | 1 | 13864 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 1986183 | 30011 | SH |  | SOLE |  | 30011 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 2106822 | 32320 | SH |  | SOLE |  | 32320 | 0 | 0 |
| WELLS FARGO  CO NEW | COM | 949746101 |  | 20961156 | 442875 | SH |  | SOLE |  | 442875 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 2841477 | 60182 | SH |  | SOLE |  | 60182 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 1582322 | 82695 | SH |  | SOLE |  | 82695 | 0 | 0 |
| WEYERHAEUSER CO | COM | 962166104 |  | 6481078 | 217705 | SH |  | SOLE |  | 217705 | 0 | 0 |
| WHOLE FOODS MKT INC | COM | 966837106 |  | 683113 | 21373 | SH |  | SOLE |  | 21373 | 0 | 0 |
| WILLIAMS COS INC DEL | COM | 969457100 |  | 55027 | 2544 | SH |  | SOLE |  | 2544 | 0 | 0 |
| WILLIAMS COS INC DEL | COM | 969457100 |  | 805765 | 37375 | SH |  | DFND | 1 | 37375 | 0 | 0 |
| WYNDHAM WORLDWIDE CORP | COM | 98310W108 |  | 555288 | 7810 | SH |  | SOLE |  | 7810 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 488205 | 10914 | SH |  | SOLE |  | 10914 | 0 | 0 |
| XL GROUP PLC | SHS | G98290102 |  | 972397 | 29238 | SH |  | SOLE |  | 29238 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 1213952 | 27238 | SH |  | SOLE |  | 27238 | 0 | 0 |

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