# EDGAR Filing Document

**Accession Number:** 0001021249
**File Stem:** 0000950123-23-002421
**Filing Date:** 2023-2
**Character Count:** 61860
**Document Hash:** f65ab9f86629dc15e6542c5eb22ce11f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950123-23-002421.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0000950123-23-002421

**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:** UNITED SERVICES AUTOMOBILE ASSOCIATION
- **CENTRAL INDEX KEY:** 0001021249
- **IRS NUMBER:** 740959140
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05810
- **FILM NUMBER:** 23624986

**BUSINESS ADDRESS:**
- **STREET 1:** 9800 FREDERICKSBURG RD
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78288
- **BUSINESS PHONE:** 2104980600

**MAIL ADDRESS:**
- **STREET 1:** 9800 FREDERICKSBURG RD
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78288

### 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:** UNITED SERVICES AUTOMOBILE ASSOCIATION<br>**Address:** 9800 FREDERICKSBURG RD<br>SAN ANTONIO, TX 78288

**Form 13F File Number:** 028-05810

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:** David Yim<br>**Title:** VP Chief Investment Officer<br>**Phone:** 210-380-4978

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

/s/ David Yim  San Antonio, TX  02-13-2023<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:** 545

**Form 13F Information Table Value Total:** $4367813000

      (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   |
|:---|:---|:---|
|  | USAA Capital Corporation        | 028-05802              |
|  | Victory Capital Management Inc. | 028-06354              |
|  | BlackRock                       | 028-12019              |

### 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 |
| AFLAC INC | Common Stock | 001055102 |  | 1580000 | 21967 | SH |  | DFND | 23 | 21967 | 0 | 0 |
| AES CORP | Common Stock | 00130H105 |  | 703000 | 24410 | SH |  | DFND | 23 | 24410 | 0 | 0 |
| AT INC | Common Stock | 00206R102 |  | 4815000 | 261504 | SH |  | DFND | 23 | 261504 | 0 | 0 |
| ABBOTT LABORATORIES | Common Stock | 002824100 |  | 7051000 | 64216 | SH |  | DFND | 23 | 64216 | 0 | 0 |
| ABBVIE INC | Common Stock | 00287Y109 |  | 104693000 | 647805 | SH |  | DFND | 223 | 647805 | 0 | 0 |
| ACTIVISION BLIZZARD INC | Common Stock | 00507V109 |  | 2184000 | 28523 | SH |  | DFND | 23 | 28523 | 0 | 0 |
| ADOBE INC | Common Stock | 00724F101 |  | 6028000 | 17916 | SH |  | DFND | 223 | 17916 | 0 | 0 |
| AECOM | Common Stock | 00766T100 |  | 1089000 | 12826 | SH |  | DFND | 23 | 12826 | 0 | 0 |
| ADVANCED MICRO DEVICES | Common Stock | 007903107 |  | 3852000 | 59468 | SH |  | DFND | 23 | 59468 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | Common Stock | 00846U101 |  | 1677000 | 11201 | SH |  | DFND | 23 | 11201 | 0 | 0 |
| AGNICO EAGLE MINES LTD | Common Stock | 008474108 |  | 1158000 | 22272 | SH |  | DFND | 23 | 22272 | 0 | 0 |
| ALLSTATE CORP | Common Stock | 020002101 |  | 1394000 | 10274 | SH |  | DFND | 23 | 10274 | 0 | 0 |
| ALPHABET INC-CL C | Common Stock | 02079K107 |  | 18511000 | 208624 | SH |  | DFND | 23 | 208624 | 0 | 0 |
| Alphabet Inc | Common Stock | 02079K305 |  | 19095000 | 216439 | SH |  | DFND | 223 | 216439 | 0 | 0 |
| ALTRIA GROUP INC | Common Stock | 02209S103 |  | 42419000 | 928014 | SH |  | DFND | 223 | 928014 | 0 | 0 |
| AMAZON.COM INC | Common Stock | 023135106 |  | 27712000 | 329905 | SH |  | DFND | 223 | 329905 | 0 | 0 |
| AMERICAN ELECTRIC POWER | Common Stock | 025537101 |  | 1609000 | 16948 | SH |  | DFND | 23 | 16948 | 0 | 0 |
| AMERICAN EXPRESS CO | Common Stock | 025816109 |  | 3460000 | 23420 | SH |  | DFND | 23 | 23420 | 0 | 0 |
| AMERICAN INTERNATIONAL GROUP | Common Stock | 026874784 |  | 1923000 | 30400 | SH |  | DFND | 23 | 30400 | 0 | 0 |
| AMERICAN TOWER CORP | REIT | 03027X100 |  | 3576000 | 16878 | SH |  | DFND | 23 | 16878 | 0 | 0 |
| AMERIPRISE FINANCIAL INC | Common Stock | 03076C106 |  | 4995000 | 16044 | SH |  | DFND | 23 | 16044 | 0 | 0 |
| AMGEN INC | Common Stock | 031162100 |  | 42568000 | 162076 | SH |  | DFND | 23 | 162076 | 0 | 0 |
| AMPHENOL CORP-CL A | Common Stock | 032095101 |  | 1444000 | 18955 | SH |  | DFND | 23 | 18955 | 0 | 0 |
| ANALOG DEVICES INC | Common Stock | 032654105 |  | 3272000 | 19947 | SH |  | DFND | 23 | 19947 | 0 | 0 |
| ELEVANCE HEALTH INC | Common Stock | 036752103 |  | 12045000 | 23478 | SH |  | DFND | 23 | 23478 | 0 | 0 |
| APPLE INC | Common Stock | 037833100 |  | 73271000 | 563926 | SH |  | DFND | 223 | 563926 | 0 | 0 |
| APPLIED MATERIALS INC | Common Stock | 038222105 |  | 7101000 | 72927 | SH |  | DFND | 223 | 72927 | 0 | 0 |
| ARCHER-DANIELS-MIDLAND CO | Common Stock | 039483102 |  | 1986000 | 21383 | SH |  | DFND | 23 | 21383 | 0 | 0 |
| ARISTA NETWORKS INC | Common Stock | 040413106 |  | 1231000 | 10135 | SH |  | DFND | 23 | 10135 | 0 | 0 |
| AUTOMATIC DATA PROCESSING | Common Stock | 053015103 |  | 10292000 | 43087 | SH |  | DFND | 23 | 43087 | 0 | 0 |
| BALL CORP | Common Stock | 058498106 |  | 606000 | 11859 | SH |  | DFND | 23 | 11859 | 0 | 0 |
| BANK OF AMERICA CORP | Common Stock | 060505104 |  | 8753000 | 264268 | SH |  | DFND | 223 | 264268 | 0 | 0 |
| BANK OF MONTREAL | Common Stock | 063671101 |  | 19853000 | 219543 | SH |  | DFND | 23 | 219543 | 0 | 0 |
| BANK OF NEW YORK MELLON CORP | Common Stock | 064058100 |  | 1233000 | 27086 | SH |  | DFND | 23 | 27086 | 0 | 0 |
| BANK OF NOVA SCOTIA | Common Stock | 064149107 |  | 17375000 | 354624 | SH |  | DFND | 23 | 354624 | 0 | 0 |
| BARRICK GOLD CORP | Common Stock | 067901108 |  | 1476000 | 86124 | SH |  | DFND | 23 | 86124 | 0 | 0 |
| BAXTER INTERNATIONAL INC | Common Stock | 071813109 |  | 934000 | 18332 | SH |  | DFND | 23 | 18332 | 0 | 0 |
| BECTON DICKINSON AND CO | Common Stock | 075887109 |  | 2772000 | 10903 | SH |  | DFND | 23 | 10903 | 0 | 0 |
| BERKSHIRE HATHAWAY INC-CL B | Common Stock | 084670702 |  | 20284000 | 65664 | SH |  | DFND | 23 | 65664 | 0 | 0 |
| BEST BUY CO INC | Common Stock | 086516101 |  | 13497000 | 168268 | SH |  | DFND | 23 | 168268 | 0 | 0 |
| H BLOCK INC | Common Stock | 093671105 |  | 559000 | 15296 | SH |  | DFND | 23 | 15296 | 0 | 0 |
| BOEING CO/THE | Common Stock | 097023105 |  | 3975000 | 20872 | SH |  | DFND | 23 | 20872 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | Common Stock | 101137107 |  | 2578000 | 55700 | SH |  | DFND | 23 | 55700 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | Common Stock | 110122108 |  | 5663000 | 78697 | SH |  | DFND | 23 | 78697 | 0 | 0 |
| BROADCOM INC | Common Stock | 11135F101 |  | 52772000 | 94382 | SH |  | DFND | 23 | 94382 | 0 | 0 |
| CAE INC | Common Stock | 124765108 |  | 275000 | 14227 | SH |  | DFND | 23 | 14227 | 0 | 0 |
| CBRE GROUP INC - A | Common Stock | 12504L109 |  | 943000 | 12254 | SH |  | DFND | 23 | 12254 | 0 | 0 |
| CF INDUSTRIES HOLDINGS INC | Common Stock | 125269100 |  | 4039000 | 47395 | SH |  | DFND | 23 | 47395 | 0 | 0 |
| CGI INC | Common Stock | 12532H104 |  | 902000 | 10464 | SH |  | DFND | 23 | 10464 | 0 | 0 |
| CIGNA CORP | Common Stock | 125523100 |  | 3475000 | 10487 | SH |  | DFND | 23 | 10487 | 0 | 0 |
| CME GROUP INC | Common Stock | 12572Q105 |  | 2306000 | 13710 | SH |  | DFND | 23 | 13710 | 0 | 0 |
| CMS ENERGY CORP | Common Stock | 125896100 |  | 672000 | 10609 | SH |  | DFND | 23 | 10609 | 0 | 0 |
| CSX CORP | Common Stock | 126408103 |  | 2586000 | 83493 | SH |  | DFND | 23 | 83493 | 0 | 0 |
| CVS HEALTH CORP | Common Stock | 126650100 |  | 4903000 | 52613 | SH |  | DFND | 223 | 52613 | 0 | 0 |
| COTERRA ENERGY INC | Common Stock | 127097103 |  | 732000 | 29788 | SH |  | DFND | 23 | 29788 | 0 | 0 |
| Cadence Design Systems Inc | Common Stock | 127387108 |  | 1893000 | 11778 | SH |  | DFND | 223 | 11778 | 0 | 0 |
| CAMECO CORP | Common Stock | 13321L108 |  | 503000 | 22182 | SH |  | DFND | 23 | 22182 | 0 | 0 |
| CAN IMPERIAL BK OF COMMERCE | Common Stock | 136069101 |  | 1773000 | 43920 | SH |  | DFND | 23 | 43920 | 0 | 0 |
| CANADIAN NATL RAILWAY CO | Common Stock | 136375102 |  | 18147000 | 152772 | SH |  | DFND | 23 | 152772 | 0 | 0 |
| CANADIAN NATURAL RESOURCES | Common Stock | 136385101 |  | 23384000 | 421093 | SH |  | DFND | 23 | 421093 | 0 | 0 |
| CANADIAN PACIFIC RAILWAY LTD | Common Stock | 13645T100 |  | 3180000 | 42695 | SH |  | DFND | 23 | 42695 | 0 | 0 |
| CAPITAL ONE FINANCIAL CORP | Common Stock | 14040H105 |  | 965000 | 10373 | SH |  | DFND | 23 | 10373 | 0 | 0 |
| CARDINAL HEALTH INC | Common Stock | 14149Y108 |  | 11174000 | 145357 | SH |  | DFND | 23 | 145357 | 0 | 0 |
| CARNIVAL CORP | Common Stock | 143658300 |  | 256000 | 31853 | SH |  | DFND | 23 | 31853 | 0 | 0 |
| CATERPILLAR INC | Common Stock | 149123101 |  | 19938000 | 83226 | SH |  | DFND | 23 | 83226 | 0 | 0 |
| CENTENE CORP | Common Stock | 15135B101 |  | 1752000 | 21363 | SH |  | DFND | 23 | 21363 | 0 | 0 |
| CENOVUS ENERGY INC | Common Stock | 15135U109 |  | 1316000 | 67894 | SH |  | DFND | 23 | 67894 | 0 | 0 |
| CENTERPOINT ENERGY INC | Common Stock | 15189T107 |  | 690000 | 23024 | SH |  | DFND | 23 | 23024 | 0 | 0 |
| CHEMOURS CO/THE | Common Stock | 163851108 |  | 524000 | 17117 | SH |  | DFND | 23 | 17117 | 0 | 0 |
| CHEVRON CORP | Common Stock | 166764100 |  | 12563000 | 69990 | SH |  | DFND | 223 | 69990 | 0 | 0 |
| CISCO SYSTEMS INC | Common Stock | 17275R102 |  | 86240000 | 1810222 | SH |  | DFND | 223 | 1810222 | 0 | 0 |
| CITIGROUP INC | Common Stock | 172967424 |  | 3706000 | 81955 | SH |  | DFND | 223 | 81955 | 0 | 0 |
| CITIZENS FINANCIAL GROUP | Common Stock | 174610105 |  | 713000 | 18119 | SH |  | DFND | 23 | 18119 | 0 | 0 |
| COCA-COLA CO/THE | Common Stock | 191216100 |  | 84274000 | 1324857 | SH |  | DFND | 23 | 1324857 | 0 | 0 |
| COGNEX CORP | Common Stock | 192422103 |  | 792000 | 16814 | SH |  | DFND | 23 | 16814 | 0 | 0 |
| COGNIZANT TECH SOLUTIONS-A | Common Stock | 192446102 |  | 1099000 | 19230 | SH |  | DFND | 23 | 19230 | 0 | 0 |
| COLGATE-PALMOLIVE CO | Common Stock | 194162103 |  | 26460000 | 335815 | SH |  | DFND | 23 | 335815 | 0 | 0 |
| COMCAST CORP-CLASS A | Common Stock | 20030N101 |  | 5682000 | 162481 | SH |  | DFND | 23 | 162481 | 0 | 0 |
| CONAGRA BRANDS INC | Common Stock | 205887102 |  | 680000 | 17563 | SH |  | DFND | 23 | 17563 | 0 | 0 |
| CONOCOPHILLIPS | Common Stock | 20825C104 |  | 5500000 | 46615 | SH |  | DFND | 23 | 46615 | 0 | 0 |
| CONSOLIDATED EDISON INC | Common Stock | 209115104 |  | 1235000 | 12951 | SH |  | DFND | 23 | 12951 | 0 | 0 |
| COPART INC | Common Stock | 217204106 |  | 952000 | 15632 | SH |  | DFND | 23 | 15632 | 0 | 0 |
| CORNING INC | Common Stock | 219350105 |  | 874000 | 27350 | SH |  | DFND | 23 | 27350 | 0 | 0 |
| CORTEVA INC | Common Stock | 22052L104 |  | 1564000 | 26618 | SH |  | DFND | 23 | 26618 | 0 | 0 |
| COSTCO WHOLESALE CORP | Common Stock | 22160K105 |  | 7228000 | 15833 | SH |  | DFND | 23 | 15833 | 0 | 0 |
| COSTAR GROUP INC | Common Stock | 22160N109 |  | 1233000 | 15952 | SH |  | DFND | 23 | 15952 | 0 | 0 |
| CROWN CASTLE INC | REIT | 22822V101 |  | 2374000 | 17500 | SH |  | DFND | 223 | 17500 | 0 | 0 |
| CUMMINS INC | Common Stock | 231021106 |  | 12021000 | 49618 | SH |  | DFND | 223 | 49618 | 0 | 0 |
| DANAHER CORP | Common Stock | 235851102 |  | 6213000 | 23407 | SH |  | DFND | 23 | 23407 | 0 | 0 |
| DEERE  CO | Common Stock | 244199105 |  | 4567000 | 10651 | SH |  | DFND | 23 | 10651 | 0 | 0 |
| DELTA AIR LINES INC | Common Stock | 247361702 |  | 770000 | 23433 | SH |  | DFND | 23 | 23433 | 0 | 0 |
| DEXCOM INC | Common Stock | 252131107 |  | 1684000 | 14869 | SH |  | DFND | 23 | 14869 | 0 | 0 |
| DIGITAL REALTY TRUST INC | REIT | 253868103 |  | 1042000 | 10390 | SH |  | DFND | 23 | 10390 | 0 | 0 |
| WALT DISNEY CO/THE | Common Stock | 254687106 |  | 5842000 | 67233 | SH |  | DFND | 223 | 67233 | 0 | 0 |
| DISCOVER FINANCIAL SERVICES | Common Stock | 254709108 |  | 7964000 | 81417 | SH |  | DFND | 23 | 81417 | 0 | 0 |
| DOMINION ENERGY INC | Common Stock | 25746U109 |  | 2149000 | 35046 | SH |  | DFND | 223 | 35046 | 0 | 0 |
| DOW INC | Common Stock | 260557103 |  | 1513000 | 30037 | SH |  | DFND | 223 | 30037 | 0 | 0 |
| DUKE ENERGY CORP | Common Stock | 26441C204 |  | 3019000 | 29314 | SH |  | DFND | 23 | 29314 | 0 | 0 |
| DUPONT DE NEMOURS INC | Common Stock | 26614N102 |  | 1289000 | 18778 | SH |  | DFND | 23 | 18778 | 0 | 0 |
| EOG RESOURCES INC | Common Stock | 26875P101 |  | 8431000 | 65090 | SH |  | DFND | 223 | 65090 | 0 | 0 |
| EBAY INC | Common Stock | 278642103 |  | 943000 | 22752 | SH |  | DFND | 23 | 22752 | 0 | 0 |
| EDISON INTERNATIONAL | Common Stock | 281020107 |  | 884000 | 13910 | SH |  | DFND | 23 | 13910 | 0 | 0 |
| ELECTRONIC ARTS INC | Common Stock | 285512109 |  | 1259000 | 10297 | SH |  | DFND | 23 | 10297 | 0 | 0 |
| EMERSON ELECTRIC CO | Common Stock | 291011104 |  | 22838000 | 237758 | SH |  | DFND | 223 | 237758 | 0 | 0 |
| ENBRIDGE INC | Common Stock | 29250N105 |  | 3707000 | 94889 | SH |  | DFND | 223 | 94889 | 0 | 0 |
| EQUITY RESIDENTIAL | REIT | 29476L107 |  | 739000 | 12511 | SH |  | DFND | 23 | 12511 | 0 | 0 |
| EVERSOURCE ENERGY | Common Stock | 30040W108 |  | 1056000 | 12588 | SH |  | DFND | 23 | 12588 | 0 | 0 |
| EXELON CORP | Common Stock | 30161N101 |  | 1712000 | 39594 | SH |  | DFND | 23 | 39594 | 0 | 0 |
| EXXON MOBIL CORP | Common Stock | 30231G102 |  | 16824000 | 152533 | SH |  | DFND | 23 | 152533 | 0 | 0 |
| META PLATFORMS INC-CLASS A | Common Stock | 30303M102 |  | 10053000 | 83535 | SH |  | DFND | 23 | 83535 | 0 | 0 |
| FASTENAL CO | Common Stock | 311900104 |  | 8114000 | 171465 | SH |  | DFND | 23 | 171465 | 0 | 0 |
| FIDELITY NATIONAL INFO SERV | Common Stock | 31620M106 |  | 1562000 | 23026 | SH |  | DFND | 23 | 23026 | 0 | 0 |
| FIFTH THIRD BANCORP | Common Stock | 316773100 |  | 822000 | 25033 | SH |  | DFND | 23 | 25033 | 0 | 0 |
| FISERV INC | Common Stock | 337738108 |  | 2528000 | 25011 | SH |  | DFND | 23 | 25011 | 0 | 0 |
| FIRSTENERGY CORP | Common Stock | 337932107 |  | 876000 | 20877 | SH |  | DFND | 23 | 20877 | 0 | 0 |
| FLUOR CORP | Common Stock | 343412102 |  | 494000 | 14252 | SH |  | DFND | 23 | 14252 | 0 | 0 |
| FORD MOTOR CO | Common Stock | 345370860 |  | 1729000 | 148731 | SH |  | DFND | 23 | 148731 | 0 | 0 |
| FORTIS INC | Common Stock | 349553107 |  | 1051000 | 26263 | SH |  | DFND | 23 | 26263 | 0 | 0 |
| FORTIVE CORP | Common Stock | 34959J108 |  | 843000 | 13129 | SH |  | DFND | 23 | 13129 | 0 | 0 |
| FOX CORP - CLASS A | Common Stock | 35137L105 |  | 352000 | 11563 | SH |  | DFND | 23 | 11563 | 0 | 0 |
| FRANKLIN RESOURCES INC | Common Stock | 354613101 |  | 271000 | 10296 | SH |  | DFND | 23 | 10296 | 0 | 0 |
| GAP INC/THE | Common Stock | 364760108 |  | 257000 | 22767 | SH |  | DFND | 23 | 22767 | 0 | 0 |
| GENERAL MILLS INC | Common Stock | 370334104 |  | 6210000 | 74059 | SH |  | DFND | 23 | 74059 | 0 | 0 |
| GENERAL MOTORS CO | Common Stock | 37045V100 |  | 1973000 | 58674 | SH |  | DFND | 223 | 58674 | 0 | 0 |
| GENUINE PARTS CO | Common Stock | 372460105 |  | 15202000 | 87619 | SH |  | DFND | 223 | 87619 | 0 | 0 |
| GILEAD SCIENCES INC | Common Stock | 375558103 |  | 4103000 | 47797 | SH |  | DFND | 23 | 47797 | 0 | 0 |
| GLOBAL PAYMENTS INC | Common Stock | 37940X102 |  | 1035000 | 10425 | SH |  | DFND | 23 | 10425 | 0 | 0 |
| HP INC | Common Stock | 40434L105 |  | 10066000 | 374652 | SH |  | DFND | 23 | 374652 | 0 | 0 |
| HALLIBURTON CO | Common Stock | 406216101 |  | 1295000 | 32900 | SH |  | DFND | 23 | 32900 | 0 | 0 |
| HANESBRANDS INC | Common Stock | 410345102 |  | 239000 | 37355 | SH |  | DFND | 23 | 37355 | 0 | 0 |
| HARLEY-DAVIDSON INC | Common Stock | 412822108 |  | 581000 | 13944 | SH |  | DFND | 23 | 13944 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE | Common Stock | 42824C109 |  | 755000 | 47357 | SH |  | DFND | 23 | 47357 | 0 | 0 |
| Home Depot Inc/The | Common Stock | 437076102 |  | 50165000 | 158824 | SH |  | DFND | 223 | 158824 | 0 | 0 |
| HONEYWELL INTERNATIONAL INC | Common Stock | 438516106 |  | 14552000 | 67906 | SH |  | DFND | 223 | 67906 | 0 | 0 |
| HORMEL FOODS CORP | Common Stock | 440452100 |  | 471000 | 10330 | SH |  | DFND | 23 | 10330 | 0 | 0 |
| HOST HOTELS  RESORTS INC | REIT | 44107P104 |  | 420000 | 26143 | SH |  | DFND | 23 | 26143 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | Common Stock | 446150104 |  | 742000 | 52639 | SH |  | DFND | 23 | 52639 | 0 | 0 |
| HUNTINGTON INGALLS INDUSTRIE | Common Stock | 446413106 |  | 3663000 | 15882 | SH |  | DFND | 23 | 15882 | 0 | 0 |
| ILLINOIS TOOL WORKS | Common Stock | 452308109 |  | 2507000 | 11378 | SH |  | DFND | 23 | 11378 | 0 | 0 |
| IMPERIAL OIL LTD | Common Stock | 453038408 |  | 533000 | 10953 | SH |  | DFND | 23 | 10953 | 0 | 0 |
| INTEL CORP | Common Stock | 458140100 |  | 17865000 | 675890 | SH |  | DFND | 23 | 675890 | 0 | 0 |
| Intercontinental Exchange Inc | Common Stock | 45866F104 |  | 2418000 | 23571 | SH |  | DFND | 223 | 23571 | 0 | 0 |
| INTL BUSINESS MACHINES CORP | Common Stock | 459200101 |  | 39442000 | 279952 | SH |  | DFND | 23 | 279952 | 0 | 0 |
| INTERNATIONAL PAPER CO | Common Stock | 460146103 |  | 490000 | 14179 | SH |  | DFND | 23 | 14179 | 0 | 0 |
| INTERPUBLIC GROUP OF COS INC | Common Stock | 460690100 |  | 480000 | 14412 | SH |  | DFND | 23 | 14412 | 0 | 0 |
| INTUIT INC | Common Stock | 461202103 |  | 4020000 | 10330 | SH |  | DFND | 23 | 10330 | 0 | 0 |
| INTUITIVE SURGICAL INC | Common Stock | 46120E602 |  | 3508000 | 13217 | SH |  | DFND | 23 | 13217 | 0 | 0 |
| IRON MOUNTAIN INC | REIT | 46284V101 |  | 528000 | 10601 | SH |  | DFND | 23 | 10601 | 0 | 0 |
| ISHARES MSCI CANADA ETF | ETP | 464286509 |  | 806000 | 24622 | SH |  | DFND | 23 | 24622 | 0 | 0 |
| ISHARES TIPS BOND ETF | ETP | 464287176 |  | 2612000 | 24540 | SH |  | DFND |  | 24540 | 0 | 0 |
| ISHARES CORE S 500 ETF | ETP | 464287200 |  | 19627000 | 51084 | SH |  | DFND | 223 | 51084 | 0 | 0 |
| ISHARES S 500 GROWTH ETF | ETP | 464287309 |  | 1509000 | 25800 | SH |  | DFND |  | 25800 | 0 | 0 |
| ISHARES S 500 VALUE ETF | ETP | 464287408 |  | 2954000 | 20362 | SH |  | DFND |  | 20362 | 0 | 0 |
| ISHARES MSCI EAFE ETF | ETP | 464287465 |  | 5905000 | 89973 | SH |  | DFND | 23 | 89973 | 0 | 0 |
| ISHARES CORE S MIDCAP ETF | ETP | 464287507 |  | 3774000 | 15602 | SH |  | DFND | 223 | 15602 | 0 | 0 |
| BLACKROCK INC | ETP | 464287804 |  | 2442000 | 25800 | SH |  | DFND | 2 | 25800 | 0 | 0 |
| BLACKROCK INC | ETP | 464288414 |  | 2095000 | 19856 | SH |  | DFND | 2 | 19856 | 0 | 0 |
| BLACKROCK INC | ETP | 464288513 |  | 3139000 | 42633 | SH |  | DFND | 2 | 42633 | 0 | 0 |
| BLACKROCK INC | ETP | 46432F842 |  | 6394000 | 103726 | SH |  | DFND | 2 | 103726 | 0 | 0 |
| ISHARES CORE MSCI EMERGING | ETP | 46434G103 |  | 281971000 | 6037896 | SH |  | DFND | 223 | 6037896 | 0 | 0 |
| JPMORGAN CHASE  CO | Common Stock | 46625H100 |  | 14593000 | 108816 | SH |  | DFND | 223 | 108816 | 0 | 0 |
| JEFFERIES FINANCIAL GROUP IN | Common Stock | 47233W109 |  | 709000 | 20697 | SH |  | DFND | 23 | 20697 | 0 | 0 |
| JOHNSON  JOHNSON | Common Stock | 478160104 |  | 128204000 | 725750 | SH |  | DFND | 223 | 725750 | 0 | 0 |
| JUNIPER NETWORKS INC | Common Stock | 48203R104 |  | 380000 | 11906 | SH |  | DFND | 23 | 11906 | 0 | 0 |
| KLA CORP | Common Stock | 482480100 |  | 15263000 | 40483 | SH |  | DFND | 23 | 40483 | 0 | 0 |
| KEYCORP | Common Stock | 493267108 |  | 437000 | 25125 | SH |  | DFND | 23 | 25125 | 0 | 0 |
| KIMBERLY-CLARK CORP | Common Stock | 494368103 |  | 23723000 | 174755 | SH |  | DFND | 23 | 174755 | 0 | 0 |
| KIMCO REALTY CORP | REIT | 49446R109 |  | 478000 | 22578 | SH |  | DFND | 23 | 22578 | 0 | 0 |
| KINDER MORGAN INC | Common Stock | 49456B101 |  | 1291000 | 71397 | SH |  | DFND | 23 | 71397 | 0 | 0 |
| KOHLS CORP | Common Stock | 500255104 |  | 347000 | 13709 | SH |  | DFND | 23 | 13709 | 0 | 0 |
| KRAFT HEINZ CO/THE | Common Stock | 500754106 |  | 1278000 | 31418 | SH |  | DFND | 23 | 31418 | 0 | 0 |
| KROGER CO | Common Stock | 501044101 |  | 4903000 | 110016 | SH |  | DFND | 23 | 110016 | 0 | 0 |
| LAM RESEARCH CORP | Common Stock | 512807108 |  | 11424000 | 27180 | SH |  | DFND | 23 | 27180 | 0 | 0 |
| LAS VEGAS SANDS CORP | Common Stock | 517834107 |  | 605000 | 12588 | SH |  | DFND | 23 | 12588 | 0 | 0 |
| LEGGETT  PLATT INC | Common Stock | 524660107 |  | 480000 | 14901 | SH |  | DFND | 23 | 14901 | 0 | 0 |
| ELI LILLY  CO | Common Stock | 532457108 |  | 40417000 | 110474 | SH |  | DFND | 23 | 110474 | 0 | 0 |
| LOCKHEED MARTIN CORP | Common Stock | 539830109 |  | 42751000 | 87879 | SH |  | DFND | 223 | 87879 | 0 | 0 |
| LOWE'S COS INC | Common Stock | 548661107 |  | 25459000 | 127782 | SH |  | DFND | 23 | 127782 | 0 | 0 |
| MGM RESORTS INTERNATIONAL | Common Stock | 552953101 |  | 463000 | 13791 | SH |  | DFND | 23 | 13791 | 0 | 0 |
| MACY'S INC | Common Stock | 55616P104 |  | 573000 | 27755 | SH |  | DFND | 23 | 27755 | 0 | 0 |
| MAGNA INTERNATIONAL INC | Common Stock | 559222401 |  | 8810000 | 157157 | SH |  | DFND | 23 | 157157 | 0 | 0 |
| MANULIFE FINANCIAL CORP | Common Stock | 56501R106 |  | 1685000 | 94498 | SH |  | DFND | 23 | 94498 | 0 | 0 |
| MARATHON PETROLEUM CORP | Common Stock | 56585A102 |  | 1991000 | 17105 | SH |  | DFND | 23 | 17105 | 0 | 0 |
| MARSH  MCLENNAN COS | Common Stock | 571748102 |  | 3231000 | 19530 | SH |  | DFND | 23 | 19530 | 0 | 0 |
| MARRIOTT INTERNATIONAL -CL A | Common Stock | 571903202 |  | 1560000 | 10484 | SH |  | DFND | 23 | 10484 | 0 | 0 |
| MASCO CORP | Common Stock | 574599106 |  | 7466000 | 159949 | SH |  | DFND | 223 | 159949 | 0 | 0 |
| MASTERCARD INC - A | Common Stock | 57636Q104 |  | 10837000 | 31165 | SH |  | DFND | 23 | 31165 | 0 | 0 |
| MCDONALD'S CORP | Common Stock | 580135101 |  | 47799000 | 181379 | SH |  | DFND | 223 | 181379 | 0 | 0 |
| Merck  Co Inc | Common Stock | 58933Y105 |  | 81127000 | 731200 | SH |  | DFND | 223 | 731200 | 0 | 0 |
| METLIFE INC | Common Stock | 59156R108 |  | 1198000 | 16556 | SH |  | DFND | 23 | 16556 | 0 | 0 |
| MICROSOFT CORP | Common Stock | 594918104 |  | 66955000 | 279187 | SH |  | DFND | 223 | 279187 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC | Common Stock | 595017104 |  | 1670000 | 23767 | SH |  | DFND | 223 | 23767 | 0 | 0 |
| MICRON TECHNOLOGY INC | Common Stock | 595112103 |  | 2136000 | 42747 | SH |  | DFND | 23 | 42747 | 0 | 0 |
| MONDELEZ INTERNATIONAL INC-A | Common Stock | 609207105 |  | 3517000 | 52749 | SH |  | DFND | 23 | 52749 | 0 | 0 |
| MONSTER BEVERAGE CORP | Common Stock | 61174X109 |  | 1468000 | 14456 | SH |  | DFND | 23 | 14456 | 0 | 0 |
| MORGAN STANLEY | Common Stock | 617446448 |  | 4334000 | 50975 | SH |  | DFND | 223 | 50975 | 0 | 0 |
| NASDAQ INC | Common Stock | 631103108 |  | 789000 | 12855 | SH |  | DFND | 23 | 12855 | 0 | 0 |
| NATIONAL RETAIL PROPERTIES | REIT | 637417106 |  | 899000 | 19629 | SH |  | DFND | 23 | 19629 | 0 | 0 |
| NETAPP INC | Common Stock | 64110D104 |  | 3961000 | 65933 | SH |  | DFND | 23 | 65933 | 0 | 0 |
| NETFLIX INC | Common Stock | 64110L106 |  | 4902000 | 16622 | SH |  | DFND | 23 | 16622 | 0 | 0 |
| NEWMONT CORP | Common Stock | 651639106 |  | 1378000 | 29195 | SH |  | DFND | 23 | 29195 | 0 | 0 |
| NEWS CORP - CLASS A | Common Stock | 65249B109 |  | 261000 | 14311 | SH |  | DFND | 23 | 14311 | 0 | 0 |
| NEXTERA ENERGY INC | Common Stock | 65339F101 |  | 6107000 | 73049 | SH |  | DFND | 23 | 73049 | 0 | 0 |
| NIKE INC -CL B | Common Stock | 654106103 |  | 5434000 | 46441 | SH |  | DFND | 23 | 46441 | 0 | 0 |
| NISOURCE INC | Common Stock | 65473P105 |  | 395000 | 14379 | SH |  | DFND | 23 | 14379 | 0 | 0 |
| NVIDIA CORP | Common Stock | 67066G104 |  | 13388000 | 91610 | SH |  | DFND | 23 | 91610 | 0 | 0 |
| NUTRIEN LTD | Common Stock | 67077M108 |  | 1944000 | 26685 | SH |  | DFND | 23 | 26685 | 0 | 0 |
| OGE ENERGY CORP | Common Stock | 670837103 |  | 905000 | 22874 | SH |  | DFND | 23 | 22874 | 0 | 0 |
| OCCIDENTAL PETROLEUM CORP | Common Stock | 674599105 |  | 1716000 | 27239 | SH |  | DFND | 23 | 27239 | 0 | 0 |
| OMNICOM GROUP | Common Stock | 681919106 |  | 9260000 | 113525 | SH |  | DFND | 23 | 113525 | 0 | 0 |
| ON SEMICONDUCTOR | Common Stock | 682189105 |  | 884000 | 14173 | SH |  | DFND | 23 | 14173 | 0 | 0 |
| ONEOK INC | Common Stock | 682680103 |  | 1073000 | 16327 | SH |  | DFND | 23 | 16327 | 0 | 0 |
| ORACLE CORP | Common Stock | 68389X105 |  | 10641000 | 130199 | SH |  | DFND | 23 | 130199 | 0 | 0 |
| PNC FINANCIAL SERVICES GROUP | Common Stock | 693475105 |  | 2566000 | 16245 | SH |  | DFND | 23 | 16245 | 0 | 0 |
| PPL CORP | Common Stock | 69351T106 |  | 804000 | 27487 | SH |  | DFND | 23 | 27487 | 0 | 0 |
| PACCAR INC | Common Stock | 693718108 |  | 1259000 | 12715 | SH |  | DFND | 23 | 12715 | 0 | 0 |
| PAYCHEX INC | Common Stock | 704326107 |  | 14222000 | 123058 | SH |  | DFND | 223 | 123058 | 0 | 0 |
| PAYPAL HOLDINGS INC | Common Stock | 70450Y103 |  | 3142000 | 44123 | SH |  | DFND | 223 | 44123 | 0 | 0 |
| PEMBINA PIPELINE CORP | Common Stock | 706327103 |  | 854000 | 25157 | SH |  | DFND | 23 | 25157 | 0 | 0 |
| PEPSICO INC | Common Stock | 713448108 |  | 73693000 | 407909 | SH |  | DFND | 223 | 407909 | 0 | 0 |
| PFIZER INC | Common Stock | 717081103 |  | 35434000 | 691539 | SH |  | DFND | 223 | 691539 | 0 | 0 |
| PHILIP MORRIS INTERNATIONAL | Common Stock | 718172109 |  | 36444000 | 360096 | SH |  | DFND | 23 | 360096 | 0 | 0 |
| PHILLIPS 66 | Common Stock | 718546104 |  | 7400000 | 71080 | SH |  | DFND | 23 | 71080 | 0 | 0 |
| T ROWE PRICE GROUP INC | Common Stock | 74144T108 |  | 24932000 | 228607 | SH |  | DFND | 23 | 228607 | 0 | 0 |
| PROCTER  GAMBLE CO/THE | Common Stock | 742718109 |  | 84047000 | 554538 | SH |  | DFND | 223 | 554538 | 0 | 0 |
| PROGRESSIVE CORP | Common Stock | 743315103 |  | 2887000 | 22247 | SH |  | DFND | 23 | 22247 | 0 | 0 |
| PROLOGIS INC | REIT | 74340W103 |  | 3992000 | 35411 | SH |  | DFND | 23 | 35411 | 0 | 0 |
| PRUDENTIAL FINANCIAL INC | Common Stock | 744320102 |  | 1520000 | 15267 | SH |  | DFND | 223 | 15267 | 0 | 0 |
| PUBLIC SERVICE ENTERPRISE GP | Common Stock | 744573106 |  | 1134000 | 18514 | SH |  | DFND | 23 | 18514 | 0 | 0 |
| PULTEGROUP INC | Common Stock | 745867101 |  | 471000 | 10341 | SH |  | DFND | 23 | 10341 | 0 | 0 |
| QUALCOMM INC | Common Stock | 747525103 |  | 21379000 | 194459 | SH |  | DFND | 23 | 194459 | 0 | 0 |
| REALTY INCOME CORP | REIT | 756109104 |  | 1062000 | 16753 | SH |  | DFND | 23 | 16753 | 0 | 0 |
| REGIONS FINANCIAL CORP | Common Stock | 7591EP100 |  | 26444000 | 1226562 | SH |  | DFND | 23 | 1226562 | 0 | 0 |
| ROGERS COMMUNICATIONS INC-B | Common Stock | 775109200 |  | 775000 | 16593 | SH |  | DFND | 23 | 16593 | 0 | 0 |
| ROSS STORES INC | Common Stock | 778296103 |  | 1502000 | 12936 | SH |  | DFND | 23 | 12936 | 0 | 0 |
| ROYAL BANK OF CANADA | Common Stock | 780087102 |  | 24908000 | 264924 | SH |  | DFND | 23 | 264924 | 0 | 0 |
| S GLOBAL INC | Common Stock | 78409V104 |  | 4441000 | 13262 | SH |  | DFND | 23 | 13262 | 0 | 0 |
| SEI INVESTMENTS COMPANY | Common Stock | 784117103 |  | 657000 | 11256 | SH |  | DFND | 23 | 11256 | 0 | 0 |
| STATE STREET CORP | ETP | 78464A474 |  | 2642000 | 89938 | SH |  | DFND | 2 | 89938 | 0 | 0 |
| SABRE CORP | Common Stock | 78573M104 |  | 213000 | 34599 | SH |  | DFND | 23 | 34599 | 0 | 0 |
| SALESFORCE INC | Common Stock | 79466L302 |  | 4758000 | 35879 | SH |  | DFND | 23 | 35879 | 0 | 0 |
| SCHLUMBERGER LTD | Common Stock | 806857108 |  | 2888000 | 54002 | SH |  | DFND | 23 | 54002 | 0 | 0 |
| SCHWAB (CHARLES) CORP | Common Stock | 808513105 |  | 4721000 | 56698 | SH |  | DFND | 23 | 56698 | 0 | 0 |
| SEMPRA ENERGY | Common Stock | 816851109 |  | 1807000 | 11692 | SH |  | DFND | 23 | 11692 | 0 | 0 |
| SHAW COMMUNICATIONS INC-B | Common Stock | 82028K200 |  | 799000 | 27744 | SH |  | DFND | 23 | 27744 | 0 | 0 |
| SHOPIFY INC - CLASS A | Common Stock | 82509L107 |  | 1805000 | 52000 | SH |  | DFND | 23 | 52000 | 0 | 0 |
| SIMON PROPERTY GROUP INC | REIT | 828806109 |  | 1447000 | 12317 | SH |  | DFND | 23 | 12317 | 0 | 0 |
| SOUTHERN CO/THE | Common Stock | 842587107 |  | 3041000 | 42575 | SH |  | DFND | 223 | 42575 | 0 | 0 |
| SOUTHWEST AIRLINES CO | Common Stock | 844741108 |  | 730000 | 21688 | SH |  | DFND | 23 | 21688 | 0 | 0 |
| STARBUCKS CORP | Common Stock | 855244109 |  | 20121000 | 202830 | SH |  | DFND | 223 | 202830 | 0 | 0 |
| STATE STREET CORP | Common Stock | 857477103 |  | 1039000 | 13400 | SH |  | DFND | 23 | 13400 | 0 | 0 |
| STEEL DYNAMICS INC | Common Stock | 858119100 |  | 1677000 | 17171 | SH |  | DFND | 23 | 17171 | 0 | 0 |
| STRYKER CORP | Common Stock | 863667101 |  | 3198000 | 13080 | SH |  | DFND | 23 | 13080 | 0 | 0 |
| SUN LIFE FINANCIAL INC | Common Stock | 866796105 |  | 1377000 | 29668 | SH |  | DFND | 23 | 29668 | 0 | 0 |
| SUNCOR ENERGY INC | Common Stock | 867224107 |  | 2067000 | 65156 | SH |  | DFND | 23 | 65156 | 0 | 0 |
| SYNCHRONY FINANCIAL | Common Stock | 87165B103 |  | 13338000 | 405875 | SH |  | DFND | 23 | 405875 | 0 | 0 |
| SYSCO CORP | Common Stock | 871829107 |  | 12247000 | 160199 | SH |  | DFND | 23 | 160199 | 0 | 0 |
| TJX COMPANIES INC | Common Stock | 872540109 |  | 3447000 | 43300 | SH |  | DFND | 23 | 43300 | 0 | 0 |
| T-MOBILE US INC | Common Stock | 872590104 |  | 3254000 | 23239 | SH |  | DFND | 23 | 23239 | 0 | 0 |
| TARGET CORP | Common Stock | 87612E106 |  | 17360000 | 116480 | SH |  | DFND | 23 | 116480 | 0 | 0 |
| TC ENERGY CORP | Common Stock | 87807B107 |  | 1871000 | 46946 | SH |  | DFND | 23 | 46946 | 0 | 0 |
| TECK RESOURCES LTD-CLS B | Common Stock | 878742204 |  | 872000 | 23132 | SH |  | DFND | 23 | 23132 | 0 | 0 |
| TELUS CORP | Common Stock | 87971M103 |  | 391000 | 20300 | SH |  | DFND | 23 | 20300 | 0 | 0 |
| TEVA PHARMACEUTICAL-SP ADR | ADR | 881624209 |  | 449000 | 49261 | SH |  | DFND | 23 | 49261 | 0 | 0 |
| TEXAS INSTRUMENTS INC | Common Stock | 882508104 |  | 48193000 | 291690 | SH |  | DFND | 223 | 291690 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | Common Stock | 883556102 |  | 8021000 | 14566 | SH |  | DFND | 23 | 14566 | 0 | 0 |
| 3M CO | Common Stock | 88579Y101 |  | 31126000 | 259560 | SH |  | DFND | 223 | 259560 | 0 | 0 |
| TORONTO-DOMINION BANK | Common Stock | 891160509 |  | 21540000 | 332656 | SH |  | DFND | 23 | 332656 | 0 | 0 |
| TRUECAR INC | Common Stock | 89785L107 |  | 20557000 | 8190203 | SH |  | DFND | 23 | 8190203 | 0 | 0 |
| TYSON FOODS INC-CL A | Common Stock | 902494103 |  | 666000 | 10708 | SH |  | DFND | 23 | 10708 | 0 | 0 |
| UDR INC | REIT | 902653104 |  | 424000 | 10950 | SH |  | DFND | 23 | 10950 | 0 | 0 |
| UGI CORP | Common Stock | 902681105 |  | 856000 | 23095 | SH |  | DFND | 23 | 23095 | 0 | 0 |
| US BANCORP | Common Stock | 902973304 |  | 36666000 | 840807 | SH |  | DFND | 223 | 840807 | 0 | 0 |
| UNDER ARMOUR INC-CLASS A | Common Stock | 904311107 |  | 312000 | 30678 | SH |  | DFND | 23 | 30678 | 0 | 0 |
| UNION PACIFIC CORP | Common Stock | 907818108 |  | 25148000 | 121450 | SH |  | DFND | 23 | 121450 | 0 | 0 |
| UNITED AIRLINES HOLDINGS INC | Common Stock | 910047109 |  | 447000 | 11855 | SH |  | DFND | 23 | 11855 | 0 | 0 |
| United Parcel Service Inc | Common Stock | 911312106 |  | 40235000 | 231451 | SH |  | DFND | 223 | 231451 | 0 | 0 |
| UNITEDHEALTH GROUP INC | Common Stock | 91324P102 |  | 67164000 | 126683 | SH |  | DFND | 223 | 126683 | 0 | 0 |
| UNUM GROUP | Common Stock | 91529Y106 |  | 732000 | 17849 | SH |  | DFND | 23 | 17849 | 0 | 0 |
| VF CORP | Common Stock | 918204108 |  | 326000 | 11818 | SH |  | DFND | 23 | 11818 | 0 | 0 |
| VALERO ENERGY CORP | Common Stock | 91913Y100 |  | 1899000 | 14969 | SH |  | DFND | 23 | 14969 | 0 | 0 |
| Van Eck Associates Corp | ETP | 92189H409 |  | 1170000 | 23143 | SH |  | DFND | 2 | 23143 | 0 | 0 |
| VANGUARD TOTAL INTL STOCK | ETP | 921909768 |  | 10709000 | 207058 | SH |  | DFND |  | 207058 | 0 | 0 |
| VANGUARD SHORT-TERM BOND ETF | ETP | 921937827 |  | 30364000 | 403342 | SH |  | DFND |  | 403342 | 0 | 0 |
| Vanguard Group Inc/The | ETP | 921937835 |  | 18462000 | 256994 | SH |  | DFND | 2 | 256994 | 0 | 0 |
| MFC VANGUARD HIGH DIVIDEND YIELD ETF | ETP | 921946406 |  | 23680000 | 218835 | SH |  | DFND |  | 218835 | 0 | 0 |
| MFC VANGUARD INTL EQUITY INDEX FDS      VANGUARD FTSE ALL WORLD EX US ETF | ETP | 922042775 |  | 58743000 | 1171582 | SH |  | DFND |  | 1171582 | 0 | 0 |
| VANGUARD S/T CORP BOND ETF | ETP | 92206C409 |  | 18765000 | 249573 | SH |  | DFND |  | 249573 | 0 | 0 |
| VANGUARD LONG-TERM CORP BOND | ETP | 92206C813 |  | 14564000 | 192362 | SH |  | DFND |  | 192362 | 0 | 0 |
| VANGUARD INT-TERM CORPORATE | ETP | 92206C870 |  | 16832000 | 217153 | SH |  | DFND |  | 217153 | 0 | 0 |
| VENTAS INC | REIT | 92276F100 |  | 658000 | 14616 | SH |  | DFND | 23 | 14616 | 0 | 0 |
| VANGUARD S 500 ETF | ETP | 922908363 |  | 84322000 | 240001 | SH |  | DFND |  | 240001 | 0 | 0 |
| VANGUARD EXTENDED MARKET ETF | ETP | 922908652 |  | 24303000 | 182921 | SH |  | DFND |  | 182921 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | Common Stock | 92343V104 |  | 24164000 | 613315 | SH |  | DFND | 223 | 613315 | 0 | 0 |
| MFC VICTORY PORTFOLIOS II SHARES USAA   CORE INTERMEDIATE TERM BOND | ETP | 92647N527 |  | 94407000 | 2075092 | SH |  | DFND |  | 2075092 | 0 | 0 |
| Visa Inc | Common Stock | 92826C839 |  | 12927000 | 62224 | SH |  | DFND | 223 | 62224 | 0 | 0 |
| WEC ENERGY GROUP INC | Common Stock | 92939U106 |  | 1083000 | 11550 | SH |  | DFND | 23 | 11550 | 0 | 0 |
| WALMART INC | Common Stock | 931142103 |  | 18225000 | 128524 | SH |  | DFND | 23 | 128524 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | Common Stock | 931427108 |  | 980000 | 26234 | SH |  | DFND | 23 | 26234 | 0 | 0 |
| WASTE MANAGEMENT INC | Common Stock | 94106L109 |  | 9203000 | 58664 | SH |  | DFND | 223 | 58664 | 0 | 0 |
| WELLS FARGO  CO | Common Stock | 949746101 |  | 5778000 | 139965 | SH |  | DFND | 23 | 139965 | 0 | 0 |
| WELLTOWER INC | REIT | 95040Q104 |  | 1213000 | 18511 | SH |  | DFND | 23 | 18511 | 0 | 0 |
| WESTERN DIGITAL CORP | Common Stock | 958102105 |  | 361000 | 11457 | SH |  | DFND | 23 | 11457 | 0 | 0 |
| WESTERN UNION CO | Common Stock | 959802109 |  | 3784000 | 274784 | SH |  | DFND | 23 | 274784 | 0 | 0 |
| WEYERHAEUSER CO | REIT | 962166104 |  | 849000 | 27360 | SH |  | DFND | 23 | 27360 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP | Common Stock | 962879102 |  | 881000 | 22577 | SH |  | DFND | 23 | 22577 | 0 | 0 |
| WILLIAMS COS INC | Common Stock | 969457100 |  | 1463000 | 44485 | SH |  | DFND | 23 | 44485 | 0 | 0 |
| XPO INC | Common Stock | 983793100 |  | 402000 | 12072 | SH |  | DFND | 23 | 12072 | 0 | 0 |
| XCEL ENERGY INC | Common Stock | 98389B100 |  | 1197000 | 17062 | SH |  | DFND | 23 | 17062 | 0 | 0 |
| YUM! BRANDS INC | Common Stock | 988498101 |  | 11381000 | 88857 | SH |  | DFND | 23 | 88857 | 0 | 0 |
| ZOETIS INC | Common Stock | 98978V103 |  | 2876000 | 19625 | SH |  | DFND | 223 | 19625 | 0 | 0 |
| AMCOR PLC | Common Stock | G0250X107 |  | 660000 | 55422 | SH |  | DFND | 23 | 55422 | 0 | 0 |
| Accenture PLC | Common Stock | G1151C101 |  | 11828000 | 44331 | SH |  | DFND | 223 | 44331 | 0 | 0 |
| CAPRI HOLDINGS LTD | Common Stock | G1890L107 |  | 756000 | 13187 | SH |  | DFND | 23 | 13187 | 0 | 0 |
| EATON CORP PLC | Common Stock | G29183103 |  | 2441000 | 15554 | SH |  | DFND | 23 | 15554 | 0 | 0 |
| INVESCO LTD | Common Stock | G491BT108 |  | 225000 | 12496 | SH |  | DFND | 23 | 12496 | 0 | 0 |
| JOHNSON CONTROLS INTERNATION | Common Stock | G51502105 |  | 1680000 | 26240 | SH |  | DFND | 23 | 26240 | 0 | 0 |
| MEDTRONIC PLC | Common Stock | G5960L103 |  | 3880000 | 49922 | SH |  | DFND | 223 | 49922 | 0 | 0 |
| PERRIGO CO PLC | Common Stock | G97822103 |  | 505000 | 14820 | SH |  | DFND | 23 | 14820 | 0 | 0 |
| CHUBB LTD | Common Stock | H1467J104 |  | 3625000 | 16431 | SH |  | DFND | 23 | 16431 | 0 | 0 |
| GARMIN LTD | Common Stock | H2906T109 |  | 2981000 | 32297 | SH |  | DFND | 23 | 32297 | 0 | 0 |
| TE CONNECTIVITY LTD | Common Stock | H84989104 |  | 4575000 | 39860 | SH |  | DFND | 23 | 39860 | 0 | 0 |
| LYONDELLBASELL INDU-CL A | Common Stock | N53745100 |  | 6827000 | 82220 | SH |  | DFND | 23 | 82220 | 0 | 0 |
| MEDICAL PROPERTIES TRUST INC | REIT | 58463J304 |  | 678000 | 60933 | SH |  | DFND | 23 | 60933 | 0 | 0 |
| RESTAURANT BRANDS INTERN | Common Stock | 76131D103 |  | 927000 | 14319 | SH |  | DFND | 23 | 14319 | 0 | 0 |
| WENDY'S CO/THE | Common Stock | 95058W100 |  | 427000 | 18883 | SH |  | DFND | 23 | 18883 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | Common Stock | 38141G104 |  | 4067000 | 11846 | SH |  | DFND | 23 | 11846 | 0 | 0 |
| OMEGA HEALTHCARE INVESTORS | REIT | 681936100 |  | 715000 | 25564 | SH |  | DFND | 23 | 25564 | 0 | 0 |
| RPM INTERNATIONAL INC | Common Stock | 749685103 |  | 1224000 | 12551 | SH |  | DFND | 23 | 12551 | 0 | 0 |
| PARAMOUNT GLOBAL-CLASS B | Common Stock | 92556H206 |  | 375000 | 22213 | SH |  | DFND | 23 | 22213 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | Common Stock | 42250P103 |  | 632000 | 25230 | SH |  | DFND | 223 | 25230 | 0 | 0 |
| GEN DIGITAL INC | Common Stock | 668771108 |  | 456000 | 21303 | SH |  | DFND | 23 | 21303 | 0 | 0 |
| KINROSS GOLD CORP | Common Stock | 496902404 |  | 229000 | 56252 | SH |  | DFND | 23 | 56252 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | Common Stock | 28176E108 |  | 1817000 | 24346 | SH |  | DFND | 23 | 24346 | 0 | 0 |
| TRUIST FINANCIAL CORP | Common Stock | 89832Q109 |  | 2367000 | 55009 | SH |  | DFND | 223 | 55009 | 0 | 0 |
| FORTINET INC | Common Stock | 34959E109 |  | 1214000 | 24845 | SH |  | DFND | 23 | 24845 | 0 | 0 |
| UNITED STATES STEEL CORP | Common Stock | 912909108 |  | 578000 | 23051 | SH |  | DFND | 23 | 23051 | 0 | 0 |
| OPEN TEXT CORP | Common Stock | 683715106 |  | 460000 | 15520 | SH |  | DFND | 23 | 15520 | 0 | 0 |
| TESLA INC | Common Stock | 88160R101 |  | 12036000 | 97710 | SH |  | DFND | 23 | 97710 | 0 | 0 |
| ESSENTIAL UTILITIES INC | Common Stock | 29670G102 |  | 1123000 | 23522 | SH |  | DFND | 23 | 23522 | 0 | 0 |
| INGERSOLL-RAND INC | Common Stock | 45687V106 |  | 781000 | 14923 | SH |  | DFND | 23 | 14923 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | Common Stock | 75513E101 |  | 5734000 | 56816 | SH |  | DFND | 23 | 56816 | 0 | 0 |
| NCR CORPORATION | Common Stock | 62886E108 |  | 344000 | 14721 | SH |  | DFND | 23 | 14721 | 0 | 0 |
| BLACKROCK INC | ETP | 464288158 |  | 1430000 | 13715 | SH |  | DFND | 2 | 13715 | 0 | 0 |
| New York Life Insurance Co | ETP | 45409B800 |  | 1071000 | 33764 | SH |  | DFND | 2 | 33764 | 0 | 0 |
| Vanguard Group Inc/The | ETP | 92206C771 |  | 2008000 | 44118 | SH |  | DFND | 2 | 44118 | 0 | 0 |
| VIATRIS INC | Common Stock | 92556V106 |  | 494000 | 44279 | SH |  | DFND | 23 | 44279 | 0 | 0 |
| WHIRLPOOL CORP | Common Stock | 963320106 |  | 8376000 | 59216 | SH |  | DFND | 23 | 59216 | 0 | 0 |
| Principal Financial Group Inc | ETP | 74255Y888 |  | 1261000 | 73719 | SH |  | DFND | 2 | 73719 | 0 | 0 |
| SEAGATE TECHNOLOGY HOLDINGS | Common Stock | G7997R103 |  | 13072000 | 248478 | SH |  | DFND | 23 | 248478 | 0 | 0 |
| BLACKROCK INC | ETP | 464285204 |  | 3558000 | 102856 | SH |  | DFND | 2 | 102856 | 0 | 0 |
| ISHARES MSCI ACWI ETF | ETP | 464288257 |  | 80649000 | 950156 | SH |  | DFND |  | 950156 | 0 | 0 |
| RANI THERAPEUTICS HOLDINGS-A | Common Stock | 753018100 |  | 2840000 | 481300 | SH |  | DFND | 23 | 481300 | 0 | 0 |
| WEBSTER FINANCIAL CORP | Common Stock | 947890109 |  | 877000 | 18526 | SH |  | DFND | 23 | 18526 | 0 | 0 |
| KYNDRYL HOLDINGS INC | Common Stock | 50155Q100 |  | 230000 | 20736 | SH |  | DFND | 23 | 20736 | 0 | 0 |
| FLOWERS FOODS INC | Common Stock | 343498101 |  | 433000 | 15061 | SH |  | DFND | 23 | 15061 | 0 | 0 |
| GAMESTOP CORP-CLASS A | Common Stock | 36467W109 |  | 478000 | 25867 | SH |  | DFND | 23 | 25867 | 0 | 0 |
| SLM CORP | Common Stock | 78442P106 |  | 363000 | 21863 | SH |  | DFND | 23 | 21863 | 0 | 0 |
| HESS CORP | Common Stock | 42809H107 |  | 1431000 | 10092 | SH |  | DFND | 23 | 10092 | 0 | 0 |
| DEVON ENERGY CORP | Common Stock | 25179M103 |  | 14536000 | 236320 | SH |  | DFND | 23 | 236320 | 0 | 0 |
| KITE REALTY GROUP TRUST | REIT | 49803T300 |  | 493000 | 23429 | SH |  | DFND | 23 | 23429 | 0 | 0 |
| ASSOCIATED BANC-CORP | Common Stock | 045487105 |  | 287000 | 12438 | SH |  | DFND | 23 | 12438 | 0 | 0 |
| AMKOR TECHNOLOGY INC | Common Stock | 031652100 |  | 257000 | 10726 | SH |  | DFND | 23 | 10726 | 0 | 0 |
| UNIVAR SOLUTIONS INC | Common Stock | 91336L107 |  | 525000 | 16498 | SH |  | DFND | 23 | 16498 | 0 | 0 |
| COMMERCE BANCSHARES INC | Common Stock | 200525103 |  | 897000 | 13175 | SH |  | DFND | 23 | 13175 | 0 | 0 |
| KNIGHT-SWIFT TRANSPORTATION | Common Stock | 499049104 |  | 770000 | 14688 | SH |  | DFND | 23 | 14688 | 0 | 0 |
| EXTREME NETWORKS INC | Common Stock | 30226D106 |  | 253000 | 13823 | SH |  | DFND | 23 | 13823 | 0 | 0 |
| CLEVELAND-CLIFFS INC | Common Stock | 185899101 |  | 841000 | 52220 | SH |  | DFND | 23 | 52220 | 0 | 0 |
| COMMERCIAL METALS CO | Common Stock | 201723103 |  | 627000 | 12994 | SH |  | DFND | 23 | 12994 | 0 | 0 |
| SM ENERGY CO | Common Stock | 78454L100 |  | 465000 | 13382 | SH |  | DFND | 23 | 13382 | 0 | 0 |
| MOSAIC CO/THE | Common Stock | 61945C103 |  | 595000 | 13561 | SH |  | DFND | 23 | 13561 | 0 | 0 |
| WOLFSPEED INC | Common Stock | 977852102 |  | 850000 | 12321 | SH |  | DFND | 23 | 12321 | 0 | 0 |
| RAYONIER INC | REIT | 754907103 |  | 531000 | 16086 | SH |  | DFND | 23 | 16086 | 0 | 0 |
| AMERICAN EAGLE OUTFITTERS | Common Stock | 02553E106 |  | 229000 | 16415 | SH |  | DFND | 23 | 16415 | 0 | 0 |
| SITE CENTERS CORP | REIT | 82981J109 |  | 262000 | 19207 | SH |  | DFND | 23 | 19207 | 0 | 0 |
| DONALDSON CO INC | Common Stock | 257651109 |  | 818000 | 13905 | SH |  | DFND | 23 | 13905 | 0 | 0 |
| PROSPERITY BANCSHARES INC | Common Stock | 743606105 |  | 740000 | 10186 | SH |  | DFND | 23 | 10186 | 0 | 0 |
| EQT CORP | Common Stock | 26884L109 |  | 493000 | 14594 | SH |  | DFND | 23 | 14594 | 0 | 0 |
| FNB CORP | Common Stock | 302520101 |  | 527000 | 40332 | SH |  | DFND | 23 | 40332 | 0 | 0 |
| FREEPORT-MCMORAN INC | Common Stock | 35671D857 |  | 2130000 | 56076 | SH |  | DFND | 223 | 56076 | 0 | 0 |
| JABIL INC | Common Stock | 466313103 |  | 874000 | 12806 | SH |  | DFND | 23 | 12806 | 0 | 0 |
| NOV INC | Common Stock | 62955J103 |  | 784000 | 37525 | SH |  | DFND | 23 | 37525 | 0 | 0 |
| TEGNA INC | Common Stock | 87901J105 |  | 525000 | 24760 | SH |  | DFND | 23 | 24760 | 0 | 0 |
| GENERAL ELECTRIC CO | Common Stock | 369604301 |  | 3613000 | 43123 | SH |  | DFND | 23 | 43123 | 0 | 0 |
| GRACO INC | Common Stock | 384109104 |  | 1050000 | 15597 | SH |  | DFND | 23 | 15597 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | Common Stock | 12008R107 |  | 994000 | 15310 | SH |  | DFND | 23 | 15310 | 0 | 0 |
| GENTEX CORP | Common Stock | 371901109 |  | 715000 | 26177 | SH |  | DFND | 23 | 26177 | 0 | 0 |
| CORCEPT THERAPEUTICS INC | Common Stock | 218352102 |  | 207000 | 10199 | SH |  | DFND | 23 | 10199 | 0 | 0 |
| GOODYEAR TIRE  RUBBER CO | Common Stock | 382550101 |  | 310000 | 30564 | SH |  | DFND | 23 | 30564 | 0 | 0 |
| PATTERSON-UTI ENERGY INC | Common Stock | 703481101 |  | 396000 | 23476 | SH |  | DFND | 23 | 23476 | 0 | 0 |
| HAWAIIAN ELECTRIC INDS | Common Stock | 419870100 |  | 488000 | 11693 | SH |  | DFND | 23 | 11693 | 0 | 0 |
| LXP INDUSTRIAL TRUST | REIT | 529043101 |  | 303000 | 30254 | SH |  | DFND | 23 | 30254 | 0 | 0 |
| UNITED COMMUNITY BANKS/GA | Common Stock | 90984P303 |  | 378000 | 11211 | SH |  | DFND | 23 | 11211 | 0 | 0 |
| FIRST FINL BANKSHARES INC | Common Stock | 32020R109 |  | 488000 | 14189 | SH |  | DFND | 23 | 14189 | 0 | 0 |
| MACERICH CO/THE | REIT | 554382101 |  | 257000 | 22789 | SH |  | DFND | 23 | 22789 | 0 | 0 |
| HELMERICH  PAYNE | Common Stock | 423452101 |  | 516000 | 10413 | SH |  | DFND | 23 | 10413 | 0 | 0 |
| KILROY REALTY CORP | REIT | 49427F108 |  | 435000 | 11237 | SH |  | DFND | 23 | 11237 | 0 | 0 |
| SYNOVUS FINANCIAL CORP | Common Stock | 87161C501 |  | 632000 | 16821 | SH |  | DFND | 23 | 16821 | 0 | 0 |
| DARLING INGREDIENTS INC | Common Stock | 237266101 |  | 993000 | 15854 | SH |  | DFND | 23 | 15854 | 0 | 0 |
| MATTEL INC | Common Stock | 577081102 |  | 690000 | 38649 | SH |  | DFND | 23 | 38649 | 0 | 0 |
| MDU RESOURCES GROUP INC | Common Stock | 552690109 |  | 681000 | 22473 | SH |  | DFND | 23 | 22473 | 0 | 0 |
| CIENA CORP | Common Stock | 171779309 |  | 685000 | 13437 | SH |  | DFND | 23 | 13437 | 0 | 0 |
| VIAVI SOLUTIONS INC | Common Stock | 925550105 |  | 201000 | 19175 | SH |  | DFND | 23 | 19175 | 0 | 0 |
| MURPHY OIL CORP | Common Stock | 626717102 |  | 632000 | 14696 | SH |  | DFND | 23 | 14696 | 0 | 0 |
| NATIONAL FUEL GAS CO | Common Stock | 636180101 |  | 668000 | 10551 | SH |  | DFND | 23 | 10551 | 0 | 0 |
| NEW JERSEY RESOURCES CORP | Common Stock | 646025106 |  | 510000 | 10276 | SH |  | DFND | 23 | 10276 | 0 | 0 |
| EXELIXIS INC | Common Stock | 30161Q104 |  | 564000 | 35109 | SH |  | DFND | 23 | 35109 | 0 | 0 |
| OLIN CORP | Common Stock | 680665205 |  | 689000 | 13010 | SH |  | DFND | 23 | 13010 | 0 | 0 |
| OPTION CARE HEALTH INC | Common Stock | 68404L201 |  | 509000 | 16919 | SH |  | DFND | 23 | 16919 | 0 | 0 |
| RAMBUS INC | Common Stock | 750917106 |  | 434000 | 12126 | SH |  | DFND | 23 | 12126 | 0 | 0 |
| JETBLUE AIRWAYS CORP | Common Stock | 477143101 |  | 226000 | 34855 | SH |  | DFND | 23 | 34855 | 0 | 0 |
| ARROWHEAD PHARMACEUTICALS IN | Common Stock | 04280A100 |  | 419000 | 10344 | SH |  | DFND | 23 | 10344 | 0 | 0 |
| STIFEL FINANCIAL CORP | Common Stock | 860630102 |  | 676000 | 11577 | SH |  | DFND | 23 | 11577 | 0 | 0 |
| SIMMONS FIRST NATL CORP-CL A | Common Stock | 828730200 |  | 239000 | 11120 | SH |  | DFND | 23 | 11120 | 0 | 0 |
| SOUTH JERSEY INDUSTRIES | Common Stock | 838518108 |  | 470000 | 13235 | SH |  | DFND | 23 | 13235 | 0 | 0 |
| TREX COMPANY INC | Common Stock | 89531P105 |  | 439000 | 10378 | SH |  | DFND | 23 | 10378 | 0 | 0 |
| SERVICE CORP INTERNATIONAL | Common Stock | 817565104 |  | 1113000 | 16094 | SH |  | DFND | 23 | 16094 | 0 | 0 |
| SOUTHWESTERN ENERGY CO | Common Stock | 845467109 |  | 666000 | 113762 | SH |  | DFND | 23 | 113762 | 0 | 0 |
| TOLL BROTHERS INC | Common Stock | 889478103 |  | 512000 | 10265 | SH |  | DFND | 23 | 10265 | 0 | 0 |
| TORO CO | Common Stock | 891092108 |  | 1142000 | 10096 | SH |  | DFND | 23 | 10096 | 0 | 0 |
| UNITED BANKSHARES INC | Common Stock | 909907107 |  | 591000 | 14591 | SH |  | DFND | 23 | 14591 | 0 | 0 |
| NEW YORK COMMUNITY BANCORP | Common Stock | 649445103 |  | 568000 | 66107 | SH |  | DFND | 23 | 66107 | 0 | 0 |
| VISHAY INTERTECHNOLOGY INC | Common Stock | 928298108 |  | 306000 | 14197 | SH |  | DFND | 23 | 14197 | 0 | 0 |
| PACWEST BANCORP | Common Stock | 695263103 |  | 293000 | 12792 | SH |  | DFND | 23 | 12792 | 0 | 0 |
| UMPQUA HOLDINGS CORP | Common Stock | 904214103 |  | 414000 | 23174 | SH |  | DFND | 23 | 23174 | 0 | 0 |
| NEOGEN CORP | Common Stock | 640491106 |  | 322000 | 21198 | SH |  | DFND | 23 | 21198 | 0 | 0 |
| LATTICE SEMICONDUCTOR CORP | Common Stock | 518415104 |  | 854000 | 13171 | SH |  | DFND | 23 | 13171 | 0 | 0 |
| GLACIER BANCORP INC | Common Stock | 37637Q105 |  | 602000 | 12200 | SH |  | DFND | 23 | 12200 | 0 | 0 |
| SKECHERS USA INC-CL A | Common Stock | 830566105 |  | 606000 | 14430 | SH |  | DFND | 23 | 14430 | 0 | 0 |
| OLD REPUBLIC INTL CORP | Common Stock | 680223104 |  | 786000 | 32536 | SH |  | DFND | 23 | 32536 | 0 | 0 |
| MARATHON OIL CORP | Common Stock | 565849106 |  | 602000 | 22186 | SH |  | DFND | 23 | 22186 | 0 | 0 |
| MGIC INVESTMENT CORP | Common Stock | 552848103 |  | 445000 | 34268 | SH |  | DFND | 23 | 34268 | 0 | 0 |
| PENN ENTERTAINMENT INC | Common Stock | 707569109 |  | 498000 | 16778 | SH |  | DFND | 23 | 16778 | 0 | 0 |
| FIRST INDUSTRIAL REALTY TR | REIT | 32054K103 |  | 703000 | 14589 | SH |  | DFND | 23 | 14589 | 0 | 0 |
| CNX RESOURCES CORP | Common Stock | 12653C108 |  | 274000 | 16222 | SH |  | DFND | 23 | 16222 | 0 | 0 |
| BRUKER CORP | Common Stock | 116794108 |  | 763000 | 11160 | SH |  | DFND | 23 | 11160 | 0 | 0 |
| TOPGOLF CALLAWAY BRANDS CORP | Common Stock | 131193104 |  | 275000 | 13939 | SH |  | DFND | 23 | 13939 | 0 | 0 |
| TENET HEALTHCARE CORP | Common Stock | 88033G407 |  | 527000 | 10809 | SH |  | DFND | 23 | 10809 | 0 | 0 |
| EAST WEST BANCORP INC | Common Stock | 27579R104 |  | 943000 | 14316 | SH |  | DFND | 23 | 14316 | 0 | 0 |
| COUSINS PROPERTIES INC | REIT | 222795502 |  | 300000 | 11889 | SH |  | DFND | 23 | 11889 | 0 | 0 |
| FIRST BANCORP PUERTO RICO | Common Stock | 318672706 |  | 275000 | 21590 | SH |  | DFND | 23 | 21590 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | Common Stock | 40637H109 |  | 762000 | 13371 | SH |  | DFND | 23 | 13371 | 0 | 0 |
| CADENCE BANK | Common Stock | 12740C103 |  | 496000 | 20146 | SH |  | DFND | 23 | 20146 | 0 | 0 |
| VALLEY NATIONAL BANCORP | Common Stock | 919794107 |  | 510000 | 45085 | SH |  | DFND | 23 | 45085 | 0 | 0 |
| SONOCO PRODUCTS CO | Common Stock | 835495102 |  | 663000 | 10930 | SH |  | DFND | 23 | 10930 | 0 | 0 |
| NATIONAL INSTRUMENTS CORP | Common Stock | 636518102 |  | 540000 | 14634 | SH |  | DFND | 23 | 14634 | 0 | 0 |
| COTY INC-CL A | Common Stock | 222070203 |  | 333000 | 38977 | SH |  | DFND | 23 | 38977 | 0 | 0 |
| NEW YORK TIMES CO-A | Common Stock | 650111107 |  | 508000 | 15647 | SH |  | DFND | 23 | 15647 | 0 | 0 |
| FLOWSERVE CORP | Common Stock | 34354P105 |  | 427000 | 13935 | SH |  | DFND | 23 | 13935 | 0 | 0 |
| RANGE RESOURCES CORP | Common Stock | 75281A109 |  | 604000 | 24135 | SH |  | DFND | 23 | 24135 | 0 | 0 |
| FIRST HORIZON CORP | Common Stock | 320517105 |  | 1433000 | 58514 | SH |  | DFND | 23 | 58514 | 0 | 0 |
| STERICYCLE INC | Common Stock | 858912108 |  | 512000 | 10245 | SH |  | DFND | 23 | 10245 | 0 | 0 |
| GENWORTH FINANCIAL INC-CL A | Common Stock | 37247D106 |  | 287000 | 54278 | SH |  | DFND | 23 | 54278 | 0 | 0 |
| MATADOR RESOURCES CO | Common Stock | 576485205 |  | 644000 | 11241 | SH |  | DFND | 23 | 11241 | 0 | 0 |
| CVB FINANCIAL CORP | Common Stock | 126600105 |  | 295000 | 11434 | SH |  | DFND | 23 | 11434 | 0 | 0 |
| OLD NATIONAL BANCORP | Common Stock | 680033107 |  | 567000 | 31582 | SH |  | DFND | 23 | 31582 | 0 | 0 |
| ATI INC | Common Stock | 01741R102 |  | 424000 | 14168 | SH |  | DFND | 23 | 14168 | 0 | 0 |
| INTERACTIVE BROKERS GRO-CL A | Common Stock | 45841N107 |  | 730000 | 10093 | SH |  | DFND | 23 | 10093 | 0 | 0 |
| SABRA HEALTH CARE REIT INC | REIT | 78573L106 |  | 305000 | 24463 | SH |  | DFND | 23 | 24463 | 0 | 0 |
| KBR INC | Common Stock | 48242W106 |  | 771000 | 14605 | SH |  | DFND | 23 | 14605 | 0 | 0 |
| ACI WORLDWIDE INC | Common Stock | 004498101 |  | 289000 | 12576 | SH |  | DFND | 23 | 12576 | 0 | 0 |
| DOUGLAS EMMETT INC | REIT | 25960P109 |  | 227000 | 14495 | SH |  | DFND | 23 | 14495 | 0 | 0 |
| TEMPUR SEALY INTERNATIONAL I | Common Stock | 88023U101 |  | 624000 | 18157 | SH |  | DFND | 23 | 18157 | 0 | 0 |
| SELECT MEDICAL HOLDINGS CORP | Common Stock | 81619Q105 |  | 282000 | 11337 | SH |  | DFND | 23 | 11337 | 0 | 0 |
| HOME BANCSHARES INC | Common Stock | 436893200 |  | 467000 | 20539 | SH |  | DFND | 23 | 20539 | 0 | 0 |
| IRIDIUM COMMUNICATIONS INC | Common Stock | 46269C102 |  | 593000 | 11520 | SH |  | DFND | 23 | 11520 | 0 | 0 |
| SONOS INC | Common Stock | 83570H108 |  | 231000 | 13651 | SH |  | DFND | 23 | 13651 | 0 | 0 |
| SPROUTS FARMERS MARKET INC | Common Stock | 85208M102 |  | 343000 | 10605 | SH |  | DFND | 23 | 10605 | 0 | 0 |
| BRIXMOR PROPERTY GROUP INC | REIT | 11120U105 |  | 756000 | 33323 | SH |  | DFND | 23 | 33323 | 0 | 0 |
| SUNRUN INC | Common Stock | 86771W105 |  | 520000 | 21649 | SH |  | DFND | 23 | 21649 | 0 | 0 |
| STORE CAPITAL CORP | REIT | 862121100 |  | 835000 | 26072 | SH |  | DFND | 23 | 26072 | 0 | 0 |
| SPIRIT REALTY CAPITAL INC | REIT | 84860W300 |  | 623000 | 15605 | SH |  | DFND | 23 | 15605 | 0 | 0 |
| PBF ENERGY INC-CLASS A | Common Stock | 69318G106 |  | 436000 | 10703 | SH |  | DFND | 23 | 10703 | 0 | 0 |
| VALVOLINE INC | Common Stock | 92047W101 |  | 627000 | 19188 | SH |  | DFND | 23 | 19188 | 0 | 0 |
| MODERNA INC | Common Stock | 60770K107 |  | 2210000 | 12308 | SH |  | DFND | 23 | 12308 | 0 | 0 |
| FIRST HAWAIIAN INC | Common Stock | 32051X108 |  | 271000 | 10402 | SH |  | DFND | 23 | 10402 | 0 | 0 |
| REXFORD INDUSTRIAL REALTY IN | REIT | 76169C100 |  | 942000 | 17244 | SH |  | DFND | 23 | 17244 | 0 | 0 |
| PHYSICIANS REALTY TRUST | REIT | 71943U104 |  | 281000 | 19419 | SH |  | DFND | 23 | 19419 | 0 | 0 |
| INDEPENDENCE REALTY TRUST IN | REIT | 45378A106 |  | 398000 | 23608 | SH |  | DFND | 23 | 23608 | 0 | 0 |
| AMERICAN AIRLINES GROUP INC | Common Stock | 02376R102 |  | 302000 | 23715 | SH |  | DFND | 23 | 23715 | 0 | 0 |
| SYNEOS HEALTH INC | Common Stock | 87166B102 |  | 412000 | 11228 | SH |  | DFND | 23 | 11228 | 0 | 0 |
| PERFORMANCE FOOD GROUP CO | Common Stock | 71377A103 |  | 874000 | 14971 | SH |  | DFND | 23 | 14971 | 0 | 0 |
| ALCOA CORP | Common Stock | 013872106 |  | 796000 | 17510 | SH |  | DFND | 23 | 17510 | 0 | 0 |
| HOSTESS BRANDS INC | Common Stock | 44109J106 |  | 340000 | 15173 | SH |  | DFND | 23 | 15173 | 0 | 0 |
| HOWMET AEROSPACE INC | Common Stock | 443201108 |  | 548000 | 13895 | SH |  | DFND | 23 | 13895 | 0 | 0 |
| PARK HOTELS  RESORTS INC | REIT | 700517105 |  | 298000 | 25297 | SH |  | DFND | 23 | 25297 | 0 | 0 |
| BJ'S WHOLESALE CLUB HOLDINGS | Common Stock | 05550J101 |  | 873000 | 13178 | SH |  | DFND | 23 | 13178 | 0 | 0 |
| ANTERO MIDSTREAM CORP | Common Stock | 03676B102 |  | 375000 | 34735 | SH |  | DFND | 23 | 34735 | 0 | 0 |
| BAKER HUGHES CO | Common Stock | 05722G100 |  | 1181000 | 40005 | SH |  | DFND | 23 | 40005 | 0 | 0 |
| SEA LTD-ADR | ADR | 81141R100 |  | 930000 | 17870 | SH |  | DFND | 23 | 17870 | 0 | 0 |
| RESIDEO TECHNOLOGIES INC | Common Stock | 76118Y104 |  | 269000 | 16406 | SH |  | DFND | 23 | 16406 | 0 | 0 |
| CHAMPIONX CORP | Common Stock | 15872M104 |  | 599000 | 20651 | SH |  | DFND | 23 | 20651 | 0 | 0 |
| EQUITRANS MIDSTREAM CORP | Common Stock | 294600101 |  | 306000 | 45743 | SH |  | DFND | 23 | 45743 | 0 | 0 |
| IAA INC | Common Stock | 449253103 |  | 594000 | 14851 | SH |  | DFND | 23 | 14851 | 0 | 0 |
| ENVISTA HOLDINGS CORP | Common Stock | 29415F104 |  | 600000 | 17839 | SH |  | DFND | 23 | 17839 | 0 | 0 |
| LIVENT CORP | Common Stock | 53814L108 |  | 349000 | 17600 | SH |  | DFND | 23 | 17600 | 0 | 0 |
| O-I GLASS INC | Common Stock | 67098H104 |  | 275000 | 16648 | SH |  | DFND | 23 | 16648 | 0 | 0 |
| ARCONIC CORP | Common Stock | 03966V107 |  | 241000 | 11392 | SH |  | DFND | 23 | 11392 | 0 | 0 |
| CARRIER GLOBAL CORP | Common Stock | 14448C104 |  | 1293000 | 31323 | SH |  | DFND | 23 | 31323 | 0 | 0 |
| OTIS WORLDWIDE CORP | Common Stock | 68902V107 |  | 1218000 | 15559 | SH |  | DFND | 23 | 15559 | 0 | 0 |
| VONTIER CORP | Common Stock | 928881101 |  | 349000 | 18086 | SH |  | DFND | 23 | 18086 | 0 | 0 |
| MATCH GROUP INC | Common Stock | 57667L107 |  | 429000 | 10364 | SH |  | DFND | 23 | 10364 | 0 | 0 |
| APARTMENT INCOME REIT CO | REIT | 03750L109 |  | 576000 | 16794 | SH |  | DFND | 23 | 16794 | 0 | 0 |
| GXO LOGISTICS INC | Common Stock | 36262G101 |  | 537000 | 12587 | SH |  | DFND | 23 | 12587 | 0 | 0 |
| APA CORP | Common Stock | 03743Q108 |  | 621000 | 13300 | SH |  | DFND | 23 | 13300 | 0 | 0 |
| DT MIDSTREAM INC | Common Stock | 23345M107 |  | 602000 | 10878 | SH |  | DFND | 23 | 10878 | 0 | 0 |
| HF SINCLAIR CORP | Common Stock | 403949100 |  | 727000 | 14035 | SH |  | DFND | 23 | 14035 | 0 | 0 |
| BELLRING BRANDS INC | Common Stock | 07831C103 |  | 352000 | 13740 | SH |  | DFND | 23 | 13740 | 0 | 0 |
| CONSTELLATION ENERGY | Common Stock | 21037T109 |  | 1031000 | 11954 | SH |  | DFND | 23 | 11954 | 0 | 0 |
| DEUTSCHE BANK AG-REGISTERED | Common Stock | D18190898 |  | 1132000 | 99902 | SH |  | DFND | 23 | 99902 | 0 | 0 |
| ICL GROUP LTD | Common Stock | M53213100 |  | 236000 | 32704 | SH |  | DFND | 23 | 32704 | 0 | 0 |
| QIAGEN N.V. | Common Stock | N72482123 |  | 521000 | 10348 | SH |  | DFND | 23 | 10348 | 0 | 0 |
| GENPACT LTD | Common Stock | G3922B107 |  | 870000 | 18779 | SH |  | DFND | 23 | 18779 | 0 | 0 |
| ESSENT GROUP LTD | Common Stock | G3198U102 |  | 459000 | 11813 | SH |  | DFND | 23 | 11813 | 0 | 0 |
| CNH INDUSTRIAL NV | Common Stock | N20944109 |  | 783000 | 48929 | SH |  | DFND | 23 | 48929 | 0 | 0 |
| UBS GROUP AG-REG | Common Stock | H42097107 |  | 2898000 | 155748 | SH |  | DFND | 23 | 155748 | 0 | 0 |
| STELLANTIS NV | Common Stock | N82405106 |  | 1526000 | 107551 | SH |  | DFND | 23 | 107551 | 0 | 0 |
| NVENT ELECTRIC PLC | Common Stock | G6700G107 |  | 711000 | 18472 | SH |  | DFND | 23 | 18472 | 0 | 0 |
| JANUS HENDERSON GROUP PLC | Common Stock | G4474Y214 |  | 264000 | 11233 | SH |  | DFND | 23 | 11233 | 0 | 0 |
| LINDE PLC | Common Stock | G5494J103 |  | 5827000 | 17862 | SH |  | DFND | 23 | 17862 | 0 | 0 |
| ALCON INC | Common Stock | H01301128 |  | 1662000 | 24324 | SH |  | DFND | 23 | 24324 | 0 | 0 |
| FERGUSON PLC | Common Stock | G3421J106 |  | 7712000 | 61108 | SH |  | DFND | 23 | 61108 | 0 | 0 |
| GRAB HOLDINGS LTD - CL A | Common Stock | G4124C109 |  | 205000 | 63358 | SH |  | DFND | 23 | 63358 | 0 | 0 |
| WARNER BROS DISCOVERY INC | Common Stock | 934423104 |  | 767000 | 80965 | SH |  | DFND | 23 | 80965 | 0 | 0 |
| ANNALY CAPITAL MANAGEMENT IN | REIT | 035710839 |  | 990000 | 46970 | SH |  | DFND | 23 | 46970 | 0 | 0 |
| COHERENT CORP | Common Stock | 19247G107 |  | 498000 | 14204 | SH |  | DFND | 23 | 14204 | 0 | 0 |
| DYNATRACE INC | Common Stock | 268150109 |  | 730000 | 19065 | SH |  | DFND | 23 | 19065 | 0 | 0 |
| HEALTHCARE REALTY TRUST INC | REIT | 42226K105 |  | 692000 | 35899 | SH |  | DFND | 23 | 35899 | 0 | 0 |
| INVITATION HOMES INC | REIT | 46187W107 |  | 776000 | 26193 | SH |  | DFND | 23 | 26193 | 0 | 0 |
| KEURIG DR PEPPER INC | Common Stock | 49271V100 |  | 1097000 | 30769 | SH |  | DFND | 23 | 30769 | 0 | 0 |
| SUNSTONE HOTEL INVESTORS INC | REIT | 867892101 |  | 220000 | 22750 | SH |  | DFND | 23 | 22750 | 0 | 0 |
| VICI PROPERTIES INC | REIT | 925652109 |  | 905000 | 27947 | SH |  | DFND | 23 | 27947 | 0 | 0 |
| BLACKROCK INC | ETP | 464288877 |  | 3629000 | 79090 | SH |  | DFND | 2 | 79090 | 0 | 0 |
| Vanguard Group Inc/The | ETP | 92206C102 |  | 4202000 | 72669 | SH |  | DFND | 2 | 72669 | 0 | 0 |
| MFC VANGUARD SPECIALIZED FUNDS S U S  DIVID GROWERS INDEX ETF SHS | ETP | 921908844 |  | 3965000 | 26112 | SH |  | DFND |  | 26112 | 0 | 0 |
| MFC VANGUARD HIGH DIVIDEND YIELD ETF | ETP | 921946406 |  | 3992000 | 36890 | SH |  | DFND |  | 36890 | 0 | 0 |
| MFC VANGUARD INTL EQUITY INDEX FDS      VANGUARD FTSE ALL WORLD EX US ETF | ETP | 922042775 |  | 9843000 | 196305 | SH |  | DFND |  | 196305 | 0 | 0 |
| MFC VANGUARD INDEX FDS                    TOTAL STOCK MARKET ETF | ETP | 922908769 |  | 7912000 | 41385 | SH |  | DFND |  | 41385 | 0 | 0 |
| ISHARES CORE U.S. AGGREGATE | ETP | 464287226 |  | 226956000 | 2340000 | SH |  | DFND |  | 2340000 | 0 | 0 |
| ISHARES IBOXX INVESTMENT GRA | ETP | 464287242 |  | 208752000 | 1980000 | SH |  | DFND |  | 1980000 | 0 | 0 |
| ANTERO RESOURCES CORP | Common Stock | 03674X106 |  | 872000 | 28147 | SH |  | DFND | 23 | 28147 | 0 | 0 |
| ARCH CAPITAL GROUP LTD | Common Stock | G0450A105 |  | 910000 | 14492 | SH |  | DFND | 23 | 14492 | 0 | 0 |
| FRONTIER COMMUNICATIONS PARE | Common Stock | 35909D109 |  | 543000 | 21328 | SH |  | DFND | 23 | 21328 | 0 | 0 |
| P G  E CORP | Common Stock | 69331C108 |  | 1025000 | 63107 | SH |  | DFND | 23 | 63107 | 0 | 0 |
| BLACKROCK SHORT MATURITY BON | ETP | 46431W507 |  | 93579000 | 1899309 | SH |  | DFND |  | 1899309 | 0 | 0 |

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