United Services Automobile Association 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AFLAC INC	Common Stock	001055102	865,213	13,410	SH		DFND	23	13,410	0	0
AES CORP	Common Stock	00130H105	358,768	14,899	SH		DFND	23	14,899	0	0
AT&T INC	Common Stock	00206R102	3,075,207	159,751	SH		DFND	23	159,751	0	0
ABBOTT LABORATORIES	Common Stock	002824100	3,972,632	39,232	SH		DFND	23	39,232	0	0
ABBVIE INC COM	Common Stock	00287Y109	44,059,749	276,462	SH		DFND	2,23	276,462	0	0
ACTIVISION BLIZZARD INC	Common Stock	00507V109	1,490,293	17,412	SH		DFND	23	17,412	0	0
ADOBE INC.	Common Stock	00724F101	4,311,905	11,189	SH		DFND	2,23	11,189	0	0
ADVANCE AUTO PARTS INC	Common Stock	00751Y106	9,662,401	79,454	SH		DFND	23	79,454	0	0
ADVANCED MICRO DEVICES	Common Stock	007903107	3,561,095	36,334	SH		DFND	23	36,334	0	0
AGNICO EAGLE MINES LTD	Common Stock	008474108	657,239	12,892	SH		DFND	23	12,892	0	0
ALCOA CORP	Common Stock	013872106	439,517	10,327	SH		DFND	23	10,327	0	0
ALPHABET INC CAP STK CL A	Common Stock	02079K305	13,715,181	132,220	SH		DFND	2,23	132,220	0	0
ALPHABET INC-CL C	Common Stock	02079K107	13,239,408	127,302	SH		DFND	23	127,302	0	0
ALTRIA GROUP INC COM	Common Stock	02209S103	39,314,905	881,105	SH		DFND	2,23	881,105	0	0
AMAZON.COM INC COM	Common Stock	023135106	20,917,464	202,512	SH		DFND	2,23	202,512	0	0
AMERICAN AIRLINES GROUP INC	Common Stock	02376R102	213,521	14,476	SH		DFND	23	14,476	0	0
AMERICAN ELEC PWR INC COM	Common Stock	025537101	1,067,464	11,740	SH		DFND	2,23	11,740	0	0
AMERICAN EXPRESS CO	Common Stock	025816109	18,757,289	113,715	SH		DFND	23	113,715	0	0
AMERICAN INTERNATIONAL GROUP	Common Stock	026874784	934,531	18,557	SH		DFND	23	18,557	0	0
AMERICAN TOWER CORP	REIT	03027X100	2,108,380	10,318	SH		DFND	23	10,318	0	0
AMERISOURCEBERGEN CORP	Common Stock	03073E105	2,460,410	15,367	SH		DFND	23	15,367	0	0
AMGEN INC	Common Stock	031162100	38,670,330	159,960	SH		DFND	23	159,960	0	0
AMPHENOL CORP-CL A	Common Stock	032095101	1,056,966	12,934	SH		DFND	23	12,934	0	0
ANALOG DEVICES INC	Common Stock	032654105	2,401,351	12,176	SH		DFND	23	12,176	0	0
ANNALY CAPITAL MANAGEMENT IN	REIT	035710839	531,449	27,810	SH		DFND	23	27,810	0	0
ELEVANCE HEALTH INC	Common Stock	036752103	6,610,688	14,377	SH		DFND	23	14,377	0	0
ANTERO MIDSTREAM CORP	Common Stock	03676B102	215,643	20,557	SH		DFND	23	20,557	0	0
APPLE INC COM	Common Stock	037833100	56,901,548	345,067	SH		DFND	2,23	345,067	0	0
APPLIED MATLS INC COM	Common Stock	038222105	2,754,831	22,428	SH		DFND	2,23	22,428	0	0
ARCHER-DANIELS-MIDLAND CO	Common Stock	039483102	1,039,882	13,054	SH		DFND	23	13,054	0	0
BAKER HUGHES CO	Common Stock	05722G100	704,732	24,419	SH		DFND	23	24,419	0	0
BANK OF AMERICA CORP COM	Common Stock	060505104	4,708,475	164,632	SH		DFND	2,23	164,632	0	0
BANK OF MONTREAL	Common Stock	063671101	17,774,733	199,556	SH		DFND	23	199,556	0	0
BANK OF NEW YORK MELLON CORP	Common Stock	064058100	751,260	16,533	SH		DFND	23	16,533	0	0
BANK OF NOVA SCOTIA	Common Stock	064149107	15,994,763	317,569	SH		DFND	23	317,569	0	0
BARRICK GOLD CORP	Common Stock	067901108	923,991	49,911	SH		DFND	23	49,911	0	0
BAXTER INTERNATIONAL INC	Common Stock	071813109	453,826	11,189	SH		DFND	23	11,189	0	0
BERKSHIRE HATHAWAY INC-CL B	Common Stock	084670702	12,485,115	40,435	SH		DFND	23	40,435	0	0
BEST BUY CO INC	Common Stock	086516101	12,928,639	165,180	SH		DFND	23	165,180	0	0
BOEING CO/THE	Common Stock	097023105	2,708,695	12,751	SH		DFND	23	12,751	0	0
BOSTON SCIENTIFIC CORP	Common Stock	101137107	1,700,970	33,999	SH		DFND	23	33,999	0	0
BRISTOL-MYERS SQUIBB CO	Common Stock	110122108	3,332,425	48,080	SH		DFND	23	48,080	0	0
BRIXMOR PROPERTY GROUP INC	REIT	11120U105	424,719	19,736	SH		DFND	23	19,736	0	0
BROADCOM INC	Common Stock	11135F101	61,629,540	96,065	SH		DFND	23	96,065	0	0
CF INDUSTRIES HOLDINGS INC	Common Stock	125269100	9,844,577	135,806	SH		DFND	23	135,806	0	0
CSX CORP	Common Stock	126408103	1,525,922	50,966	SH		DFND	23	50,966	0	0
CVS HEALTH CORPORATION	Common Stock	126650100	2,484,406	33,433	SH		DFND	2,23	33,433	0	0
COTERRA ENERGY INC	Common Stock	127097103	446,211	18,183	SH		DFND	23	18,183	0	0
CADENCE BANK	Common Stock	12740C103	229,170	11,039	SH		DFND	23	11,039	0	0
CAMECO CORP	Common Stock	13321L108	319,544	12,203	SH		DFND	23	12,203	0	0
CAN IMPERIAL BK OF COMMERCE	Common Stock	136069101	1,098,864	25,959	SH		DFND	23	25,959	0	0
CANADIAN NATL RAILWAY CO	Common Stock	136375102	1,914,230	16,223	SH		DFND	23	16,223	0	0
CANADIAN NATURAL RESOURCES	Common Stock	136385101	20,935,445	378,316	SH		DFND	23	378,316	0	0
CARDINAL HEALTH INC	Common Stock	14149Y108	10,676,078	141,405	SH		DFND	23	141,405	0	0
CARRIER GLOBAL CORP	Common Stock	14448C104	874,740	19,120	SH		DFND	23	19,120	0	0
CATERPILLAR INC COM	Common Stock	149123101	5,963,429	26,070	SH		DFND	2,23	26,070	0	0
CENTENE CORP	Common Stock	15135B101	824,322	13,041	SH		DFND	23	13,041	0	0
CENOVUS ENERGY INC	Common Stock	15135U109	692,463	39,824	SH		DFND	23	39,824	0	0
CENTERPOINT ENERGY INC	Common Stock	15189T107	414,001	14,053	SH		DFND	23	14,053	0	0
CHAMPIONX CORP	Common Stock	15872M104	343,791	12,672	SH		DFND	23	12,672	0	0
CHEVRON CORP NEW COM	Common Stock	166764100	7,045,086	43,179	SH		DFND	2,23	43,179	0	0
CISCO SYS INC COM	Common Stock	17275R102	89,601,127	1,714,034	SH		DFND	2,23	1,714,034	0	0
CITIGROUP INC COM NEW	Common Stock	172967424	2,427,120	51,762	SH		DFND	2,23	51,762	0	0
CITIZENS FINANCIAL GROUP	Common Stock	174610105	335,892	11,060	SH		DFND	23	11,060	0	0
CLEVELAND-CLIFFS INC	Common Stock	185899101	568,762	31,029	SH		DFND	23	31,029	0	0
COCA-COLA CO/THE	Common Stock	191216100	62,083,718	1,000,866	SH		DFND	23	1,000,866	0	0
COGNEX CORP	Common Stock	192422103	517,401	10,442	SH		DFND	23	10,442	0	0
COGNIZANT TECH SOLUTIONS-A	Common Stock	192446102	15,101,988	247,858	SH		DFND	23	247,858	0	0
COLGATE-PALMOLIVE CO	Common Stock	194162103	33,327,747	443,483	SH		DFND	23	443,483	0	0
COLUMBIA BANKING SYSTEM INC	Common Stock	197236102	280,452	13,093	SH		DFND	23	13,093	0	0
COMCAST CORP-CLASS A	Common Stock	20030N101	3,763,629	99,278	SH		DFND	23	99,278	0	0
CONAGRA BRANDS INC	Common Stock	205887102	402,643	10,720	SH		DFND	23	10,720	0	0
CONOCOPHILLIPS	Common Stock	20825C104	13,763,503	138,731	SH		DFND	23	138,731	0	0
CORNING INC	Common Stock	219350105	589,000	16,695	SH		DFND	23	16,695	0	0
CORTEVA INC	Common Stock	22052L104	979,917	16,248	SH		DFND	23	16,248	0	0
COTY INC-CL A	Common Stock	222070203	278,405	23,085	SH		DFND	23	23,085	0	0
CROWN CASTLE INC.	REIT	22822V101	1,470,902	10,990	SH		DFND	2,23	10,990	0	0
DANAHER CORP	Common Stock	235851102	3,602,660	14,294	SH		DFND	23	14,294	0	0
DELTA AIR LINES INC	Common Stock	247361702	499,461	14,303	SH		DFND	23	14,303	0	0
DEVON ENERGY CORP	Common Stock	25179M103	6,887,211	136,084	SH		DFND	23	136,084	0	0
DISNEY WALT CO COM	Common Stock	254687106	4,186,035	41,806	SH		DFND	2,23	41,806	0	0
DISCOVER FINANCIAL SERVICES	Common Stock	254709108	17,302,140	175,052	SH		DFND	23	175,052	0	0
DOMINION ENERGY INC	Common Stock	25746U109	1,131,059	20,230	SH		DFND	23	20,230	0	0
DOW INC COM	Common Stock	260557103	19,092,381	348,274	SH		DFND	2,23	348,274	0	0
DUKE ENERGY CORP	Common Stock	26441C204	1,726,234	17,894	SH		DFND	23	17,894	0	0
DUPONT DE NEMOURS INC	Common Stock	26614N102	822,700	11,463	SH		DFND	23	11,463	0	0
DYNATRACE INC	Common Stock	268150109	494,106	11,681	SH		DFND	23	11,681	0	0
EOG RES INC COM	Common Stock	26875P101	17,227,972	150,292	SH		DFND	2,23	150,292	0	0
EBAY INC	Common Stock	278642103	616,122	13,886	SH		DFND	23	13,886	0	0
EDWARDS LIFESCIENCES CORP	Common Stock	28176E108	1,229,533	14,862	SH		DFND	23	14,862	0	0
EMERSON ELEC CO COM	Common Stock	291011104	1,379,862	15,835	SH		DFND	2,23	15,835	0	0
ENBRIDGE INC COM	Common Stock	29250N105	2,284,494	59,971	SH		DFND	2,23	59,971	0	0
ENVISTA HOLDINGS CORP	Common Stock	29415F104	411,989	10,078	SH		DFND	23	10,078	0	0
ESSENTIAL UTILITIES INC	Common Stock	29670G102	645,714	14,793	SH		DFND	23	14,793	0	0
EXELON CORP	Common Stock	30161N101	1,012,356	24,167	SH		DFND	23	24,167	0	0
EXELIXIS INC	Common Stock	30161Q104	384,803	19,825	SH		DFND	23	19,825	0	0
EXXON MOBIL CORP	Common Stock	30231G102	29,892,439	272,592	SH		DFND	23	272,592	0	0
FNB CORP	Common Stock	302520101	243,542	20,995	SH		DFND	23	20,995	0	0
META PLATFORMS INC-CLASS A	Common Stock	30303M102	10,812,119	51,015	SH		DFND	23	51,015	0	0
FASTENAL CO	Common Stock	311900104	8,806,029	163,256	SH		DFND	23	163,256	0	0
FIDELITY NATIONAL INFO SERV	Common Stock	31620M106	763,554	14,054	SH		DFND	23	14,054	0	0
FIFTH THIRD BANCORP	Common Stock	316773100	407,059	15,280	SH		DFND	23	15,280	0	0
FIRST HORIZON CORP	Common Stock	320517105	594,172	33,418	SH		DFND	23	33,418	0	0
FISERV INC	Common Stock	337738108	1,725,742	15,268	SH		DFND	23	15,268	0	0
FIRSTENERGY CORP	Common Stock	337932107	510,485	12,743	SH		DFND	23	12,743	0	0
FLOWERS FOODS INC	Common Stock	343498101	297,426	10,851	SH		DFND	23	10,851	0	0
FORD MOTOR CO	Common Stock	345370860	1,143,891	90,785	SH		DFND	23	90,785	0	0
FORTIS INC	Common Stock	349553107	589,335	13,864	SH		DFND	23	13,864	0	0
FORTINET INC	Common Stock	34959E109	1,007,999	15,167	SH		DFND	23	15,167	0	0
FREEPORT MCMORAN INC CL B	Common Stock	35671D857	1,451,282	35,475	SH		DFND	2,23	35,475	0	0
GAMESTOP CORP-CLASS A	Common Stock	36467W109	353,173	15,342	SH		DFND	23	15,342	0	0
GENERAL ELECTRIC CO	Common Stock	369604301	2,516,574	26,324	SH		DFND	23	26,324	0	0
GENERAL MILLS INC	Common Stock	370334104	1,152,086	13,481	SH		DFND	23	13,481	0	0
GENERAL MTRS CO COM	Common Stock	37045V100	1,350,191	36,810	SH		DFND	2,23	36,810	0	0
GENTEX CORP	Common Stock	371901109	388,328	13,854	SH		DFND	23	13,854	0	0
GENUINE PARTS CO COM	Common Stock	372460105	7,980,687	47,700	SH		DFND	2,23	47,700	0	0
GILEAD SCIENCES INC	Common Stock	375558103	10,672,099	128,626	SH		DFND	23	128,626	0	0
HP INC	Common Stock	40434L105	10,416,902	354,920	SH		DFND	23	354,920	0	0
HALLIBURTON CO	Common Stock	406216101	635,394	20,082	SH		DFND	23	20,082	0	0
HEALTHCARE REALTY TRUST INC	REIT	42226K105	407,824	21,098	SH		DFND	23	21,098	0	0
HEALTHPEAK PROPERTIES INC COM	REIT	42250P103	371,842	16,925	SH		DFND	2,23	16,925	0	0
HERSHEY CO/THE	Common Stock	427866108	7,895,614	31,035	SH		DFND	23	31,035	0	0
HEWLETT PACKARD ENTERPRISE	Common Stock	42824C109	460,489	28,907	SH		DFND	23	28,907	0	0
HOME BANCSHARES INC	Common Stock	436893200	264,059	12,163	SH		DFND	23	12,163	0	0
HOME DEPOT INC COM	Common Stock	437076102	35,334,422	119,729	SH		DFND	2,23	119,729	0	0
HONEYWELL INTERNATIONAL INC COM	Common Stock	438516106	3,251,333	17,012	SH		DFND	2,23	17,012	0	0
HOST HOTELS & RESORTS INC	REIT	44107P104	263,131	15,957	SH		DFND	23	15,957	0	0
HUNTINGTON BANCSHARES INC	Common Stock	446150104	359,878	32,132	SH		DFND	23	32,132	0	0
ILLINOIS TOOL WORKS	Common Stock	452308109	8,771,990	36,032	SH		DFND	23	36,032	0	0
IMPERIAL OIL LTD	Common Stock	453038408	7,724,204	151,888	SH		DFND	23	151,888	0	0
INDEPENDENCE REALTY TRUST IN	REIT	45378A106	223,699	13,955	SH		DFND	23	13,955	0	0
INTEL CORP	Common Stock	458140100	3,048,372	93,308	SH		DFND	23	93,308	0	0
INTERCONTINENTAL EXCHANGE, INC. COM	Common Stock	45866F104	1,560,596	14,964	SH		DFND	2,23	14,964	0	0
INTL BUSINESS MACHINES CORP	Common Stock	459200101	43,540,364	332,141	SH		DFND	23	332,141	0	0
INVITATION HOMES INC	REIT	46187W107	499,274	15,987	SH		DFND	23	15,987	0	0
ISHARES S&P 500 GROWTH ETF	ETP	464287309	1,648,362	25,800	SH		DFND		25,800	0	0
ISHARES S&P 500 VALUE ETF	ETP	464287408	3,090,137	20,362	SH		DFND		20,362	0	0
ISHARES TIPS BOND ETF	ETP	464287176	2,705,535	24,540	SH		DFND		24,540	0	0
ISHARES INC CORE MSCI EMKT	ETP	46434G103	168,994,996	3,463,722	SH		DFND	2,23	3,463,722	0	0
JPMORGAN CHASE & CO COM	Common Stock	46625H100	26,878,001	206,262	SH		DFND	2,23	206,262	0	0
JEFFERIES FINANCIAL GROUP IN	Common Stock	47233W109	348,950	10,994	SH		DFND	23	10,994	0	0
JOHNSON & JOHNSON COM	Common Stock	478160104	106,547,930	687,406	SH		DFND	2,23	687,406	0	0
KLA CORP	Common Stock	482480100	14,664,308	36,737	SH		DFND	23	36,737	0	0
KEURIG DR PEPPER INC	Common Stock	49271V100	662,558	18,780	SH		DFND	23	18,780	0	0
KIMBERLY-CLARK CORP	Common Stock	494368103	31,053,542	231,363	SH		DFND	23	231,363	0	0
KIMCO REALTY CORP	REIT	49446R109	269,123	13,780	SH		DFND	23	13,780	0	0
KINDER MORGAN INC	Common Stock	49456B101	763,121	43,582	SH		DFND	23	43,582	0	0
KITE REALTY GROUP TRUST	REIT	49803T300	270,998	12,954	SH		DFND	23	12,954	0	0
KRAFT HEINZ CO/THE	Common Stock	500754106	741,575	19,177	SH		DFND	23	19,177	0	0
KROGER CO	Common Stock	501044101	14,622,160	296,175	SH		DFND	23	296,175	0	0
ELI LILLY & CO	Common Stock	532457108	34,087,869	99,260	SH		DFND	23	99,260	0	0
LIVENT CORP	Common Stock	53814L108	226,692	10,437	SH		DFND	23	10,437	0	0
LOCKHEED MARTIN CORP COM	Common Stock	539830109	39,943,794	84,496	SH		DFND	2,23	84,496	0	0
LOWE'S COS INC	Common Stock	548661107	22,935,759	114,696	SH		DFND	23	114,696	0	0
MDU RESOURCES GROUP INC	Common Stock	552690109	383,743	12,590	SH		DFND	23	12,590	0	0
MGIC INVESTMENT CORP	Common Stock	552848103	247,532	18,445	SH		DFND	23	18,445	0	0
MACY'S INC	Common Stock	55616P104	273,858	15,658	SH		DFND	23	15,658	0	0
MANULIFE FINANCIAL CORP	Common Stock	56501R106	1,016,626	55,402	SH		DFND	23	55,402	0	0
MARATHON OIL CORP	Common Stock	565849106	246,429	10,285	SH		DFND	23	10,285	0	0
MARATHON PETROLEUM CORP	Common Stock	56585A102	1,408,839	10,449	SH		DFND	23	10,449	0	0
MARSH & MCLENNAN COS	Common Stock	571748102	1,980,779	11,893	SH		DFND	23	11,893	0	0
MASCO CORP COM	Common Stock	574599106	7,759,403	156,062	SH		DFND	2,23	156,062	0	0
MASTERCARD INC - A	Common Stock	57636Q104	6,916,419	19,032	SH		DFND	23	19,032	0	0
MATTEL INC	Common Stock	577081102	390,734	21,224	SH		DFND	23	21,224	0	0
MCDONALDS CORP COM	Common Stock	580135101	4,902,123	17,532	SH		DFND	2,23	17,532	0	0
MEDICAL PROPERTIES TRUST INC	REIT	58463J304	306,598	37,299	SH		DFND	23	37,299	0	0
MERCK & CO INC NEW COM	Common Stock	58933Y105	65,662,099	617,183	SH		DFND	2,23	617,183	0	0
METLIFE INC	Common Stock	59156R108	597,767	10,317	SH		DFND	23	10,317	0	0
MICROSOFT CORP COM	Common Stock	594918104	49,736,651	172,517	SH		DFND	2,23	172,517	0	0
MICROCHIP TECHNOLOGY COM	Common Stock	595017104	1,324,394	15,808	SH		DFND	2,23	15,808	0	0
MICRON TECHNOLOGY INC	Common Stock	595112103	1,574,512	26,094	SH		DFND	23	26,094	0	0
MONDELEZ INTERNATIONAL INC-A	Common Stock	609207105	2,245,054	32,201	SH		DFND	23	32,201	0	0
MONSTER BEVERAGE CORP	Common Stock	61174X109	953,168	17,648	SH		DFND	23	17,648	0	0
MORGAN STANLEY COM NEW	Common Stock	617446448	2,819,434	32,112	SH		DFND	2,23	32,112	0	0
NOV INC	Common Stock	62955J103	434,744	23,487	SH		DFND	23	23,487	0	0
NATIONAL RETAIL PROPERTIES	REIT	637417106	513,200	11,624	SH		DFND	23	11,624	0	0
NEOGEN CORP	Common Stock	640491106	247,798	13,380	SH		DFND	23	13,380	0	0
NETAPP INC	Common Stock	64110D104	11,445,432	179,255	SH		DFND	23	179,255	0	0
NETFLIX INC	Common Stock	64110L106	3,508,004	10,154	SH		DFND	23	10,154	0	0
NEW YORK COMMUNITY BANCORP	Common Stock	649445103	370,974	41,037	SH		DFND	23	41,037	0	0
NEWMONT CORP	Common Stock	651639106	873,585	17,821	SH		DFND	23	17,821	0	0
NEXTERA ENERGY INC	Common Stock	65339F101	3,439,541	44,623	SH		DFND	23	44,623	0	0
NIKE INC -CL B	Common Stock	654106103	3,540,862	28,872	SH		DFND	23	28,872	0	0
GEN DIGITAL INC	Common Stock	668771108	223,131	13,003	SH		DFND	23	13,003	0	0
NUCOR CORP	Common Stock	670346105	8,221,357	53,223	SH		DFND	23	53,223	0	0
NVIDIA CORP	Common Stock	67066G104	15,539,843	55,945	SH		DFND	23	55,945	0	0
NUTRIEN LTD	Common Stock	67077M108	1,088,272	14,736	SH		DFND	23	14,736	0	0
OGE ENERGY CORP	Common Stock	670837103	444,011	11,790	SH		DFND	23	11,790	0	0
OCCIDENTAL PETROLEUM CORP	Common Stock	674599105	1,038,710	16,638	SH		DFND	23	16,638	0	0
OLD NATIONAL BANCORP	Common Stock	680033107	269,524	18,691	SH		DFND	23	18,691	0	0
OLD REPUBLIC INTL CORP	Common Stock	680223104	418,023	16,741	SH		DFND	23	16,741	0	0
OMEGA HEALTHCARE INVESTORS	REIT	681936100	392,676	14,326	SH		DFND	23	14,326	0	0
ORACLE CORP	Common Stock	68389X105	15,378,074	165,498	SH		DFND	23	165,498	0	0
OWENS CORNING	Common Stock	690742101	12,064,956	125,939	SH		DFND	23	125,939	0	0
PPL CORP	Common Stock	69351T106	466,233	16,777	SH		DFND	23	16,777	0	0
PACCAR INC	Common Stock	693718108	852,194	11,642	SH		DFND	23	11,642	0	0
PACKAGING CORP OF AMERICA	Common Stock	695156109	13,854,540	99,795	SH		DFND	23	99,795	0	0
PAYPAL HLDGS INC COM	Common Stock	70450Y103	2,081,819	27,414	SH		DFND	2,23	27,414	0	0
PEMBINA PIPELINE CORP	Common Stock	706327103	515,448	15,912	SH		DFND	23	15,912	0	0
PEPSICO INC COM	Common Stock	713448108	34,649,943	190,071	SH		DFND	2,23	190,071	0	0
PFIZER INC COM	Common Stock	717081103	60,551,525	1,484,106	SH		DFND	2,23	1,484,106	0	0
PHILIP MORRIS INTERNATIONAL	Common Stock	718172109	32,886,449	338,164	SH		DFND	23	338,164	0	0
PHILLIPS 66	Common Stock	718546104	1,115,890	11,007	SH		DFND	23	11,007	0	0
PHYSICIANS REALTY TRUST	REIT	71943U104	209,617	14,040	SH		DFND	23	14,040	0	0
T ROWE PRICE GROUP INC	Common Stock	74144T108	24,578,895	217,705	SH		DFND	23	217,705	0	0
PROCTER & GAMBLE CO COM	Common Stock	742718109	73,241,423	492,578	SH		DFND	2,23	492,578	0	0
PROGRESSIVE CORP	Common Stock	743315103	1,942,755	13,580	SH		DFND	23	13,580	0	0
PROLOGIS INC	REIT	74340W103	2,696,779	21,614	SH		DFND	23	21,614	0	0
PUBLIC SERVICE ENTERPRISE GP	Common Stock	744573106	705,810	11,302	SH		DFND	23	11,302	0	0
QUALCOMM INC	Common Stock	747525103	21,387,128	167,637	SH		DFND	23	167,637	0	0
RANGE RESOURCES CORP	Common Stock	75281A109	378,918	14,315	SH		DFND	23	14,315	0	0
RANI THERAPEUTICS HOLDINGS-A	Common Stock	753018100	2,483,508	481,300	SH		DFND	23	481,300	0	0
RAYTHEON TECHNOLOGIES CORP	Common Stock	75513E101	3,396,506	34,683	SH		DFND	23	34,683	0	0
REALTY INCOME CORP	REIT	756109104	833,165	13,158	SH		DFND	23	13,158	0	0
REGIONS FINANCIAL CORP	Common Stock	7591EP100	21,811,712	1,175,200	SH		DFND	23	1,175,200	0	0
REXFORD INDUSTRIAL REALTY IN	REIT	76169C100	646,188	10,833	SH		DFND	23	10,833	0	0
ROYAL BANK OF CANADA	Common Stock	780087102	21,977,377	229,806	SH		DFND	23	229,806	0	0
SALESFORCE INC	Common Stock	79466L302	4,378,179	21,915	SH		DFND	23	21,915	0	0
SCHLUMBERGER LTD	Common Stock	806857108	1,618,532	32,964	SH		DFND	23	32,964	0	0
SCHWAB (CHARLES) CORP	Common Stock	808513105	1,814,129	34,634	SH		DFND	23	34,634	0	0
SEA LTD-ADR	ADR	81141R100	894,408	10,334	SH		DFND	23	10,334	0	0
SHAW COMMUNICATIONS INC-B	Common Stock	82028K200	380,851	12,728	SH		DFND	23	12,728	0	0
SHOPIFY INC - CLASS A	Common Stock	82509L107	1,613,839	33,659	SH		DFND	23	33,659	0	0
SKYWORKS SOLUTIONS INC	Common Stock	83088M102	11,567,585	98,047	SH		DFND	23	98,047	0	0
SOUTHERN CO COM	Common Stock	842587107	1,866,136	26,820	SH		DFND	2,23	26,820	0	0
SOUTHWEST AIRLINES CO	Common Stock	844741108	430,732	13,237	SH		DFND	23	13,237	0	0
SOUTHWESTERN ENERGY CO	Common Stock	845467109	318,020	63,604	SH		DFND	23	63,604	0	0
STARBUCKS CORP COM	Common Stock	855244109	16,288,952	156,429	SH		DFND	2,23	156,429	0	0
STEEL DYNAMICS INC	Common Stock	858119100	6,080,141	53,778	SH		DFND	23	53,778	0	0
SUN LIFE FINANCIAL INC	Common Stock	866796105	799,306	17,109	SH		DFND	23	17,109	0	0
SUNCOR ENERGY INC	Common Stock	867224107	1,176,681	37,900	SH		DFND	23	37,900	0	0
SUNRUN INC	Common Stock	86771W105	258,746	12,841	SH		DFND	23	12,841	0	0
SYNCHRONY FINANCIAL	Common Stock	87165B103	19,298,157	663,623	SH		DFND	23	663,623	0	0
SYSCO CORP	Common Stock	871829107	936,645	12,128	SH		DFND	23	12,128	0	0
TJX COMPANIES INC	Common Stock	872540109	2,073,406	26,460	SH		DFND	23	26,460	0	0
T-MOBILE US INC	Common Stock	872590104	2,054,845	14,187	SH		DFND	23	14,187	0	0
TARGET CORP	Common Stock	87612E106	7,106,355	42,905	SH		DFND	23	42,905	0	0
TC ENERGY CORP	Common Stock	87807B107	1,110,135	28,540	SH		DFND	23	28,540	0	0
TECK RESOURCES LTD-CLS B	Common Stock	878742204	475,118	13,038	SH		DFND	23	13,038	0	0
TEGNA INC	Common Stock	87901J105	234,559	13,871	SH		DFND	23	13,871	0	0
TELUS CORP	Common Stock	87971M103	248,686	12,527	SH		DFND	23	12,527	0	0
TESLA INC	Common Stock	88160R101	12,379,553	59,672	SH		DFND	23	59,672	0	0
TEVA PHARMACEUTICAL-SP ADR	ADR	881624209	285,395	32,248	SH		DFND	23	32,248	0	0
TEXAS INSTRUMENTS INC COM	Common Stock	882508104	25,113,024	135,009	SH		DFND	2,23	135,009	0	0
3M CO COM	Common Stock	88579Y101	32,374,090	308,002	SH		DFND	2,23	308,002	0	0
TORONTO-DOMINION BANK	Common Stock	891160509	17,941,551	299,543	SH		DFND	23	299,543	0	0
TRUECAR INC	Common Stock	89785L107	18,313,164	7,962,245	SH		DFND	23	7,962,245	0	0
TRUIST FINL CORP COM	Common Stock	89832Q109	1,183,475	34,706	SH		DFND	2,23	34,706	0	0
UGI CORP	Common Stock	902681105	452,401	13,015	SH		DFND	23	13,015	0	0
US BANCORP DEL COM NEW	Common Stock	902973304	28,705,750	796,276	SH		DFND	2,23	796,276	0	0
UNION PACIFIC CORP	Common Stock	907818108	21,779,753	108,217	SH		DFND	23	108,217	0	0
UNITED PARCEL SVC INC CL B	Common Stock	911312106	12,948,251	66,747	SH		DFND	2,23	66,747	0	0
UNITED STATES STEEL CORP	Common Stock	912909108	352,689	13,513	SH		DFND	23	13,513	0	0
UNITEDHEALTH GROUP INC COM	Common Stock	91324P102	52,560,515	111,218	SH		DFND	2,23	111,218	0	0
UNUM GROUP	Common Stock	91529Y106	437,692	11,064	SH		DFND	23	11,064	0	0
VALERO ENERGY CORP	Common Stock	91913Y100	9,545,150	68,375	SH		DFND	23	68,375	0	0
VALLEY NATIONAL BANCORP	Common Stock	919794107	246,551	26,683	SH		DFND	23	26,683	0	0
VALVOLINE INC	Common Stock	92047W101	376,653	10,780	SH		DFND	23	10,780	0	0
VANGUARD TOTAL INTL STOCK	ETP	921909768	11,431,672	207,058	SH		DFND		207,058	0	0
VANGUARD SHORT-TERM BOND ETF	ETP	921937827	30,851,630	403,342	SH		DFND		403,342	0	0
VANGUARD BD INDEX FD INC TOTAL BD	ETP	921937835	18,200,276	246,516	SH		DFND	2	246,516	0	0
VANGUARD INT-TERM CORPORATE	ETP	92206C870	17,420,014	217,153	SH		DFND		217,153	0	0
VANGUARD LONG-TERM CORP BOND	ETP	92206C813	15,335,099	192,362	SH		DFND		192,362	0	0
VANGUARD S/T CORP BOND ETF	ETP	92206C409	19,024,950	249,573	SH		DFND		249,573	0	0
MFC VANGUARD EXTD MKT ETF	ETP	922908652	25,645,524	182,921	SH		DFND		182,921	0	0
MFC VANGUARD INDEX FUNDS S&P 500 ETF SHSNEW	ETP	922908363	90,257,176	240,001	SH		DFND		240,001	0	0
VERIZON COMMUNICATIONS INC COM	Common Stock	92343V104	21,585,194	555,032	SH		DFND	2,23	555,032	0	0
PARAMOUNT GLOBAL-CLASS B	Common Stock	92556H206	302,501	13,559	SH		DFND	23	13,559	0	0
VIATRIS INC	Common Stock	92556V106	260,009	27,028	SH		DFND	23	27,028	0	0
VICI PROPERTIES INC	REIT	925652109	557,672	17,096	SH		DFND	23	17,096	0	0
VISA INC COM CL A	Common Stock	92826C839	8,697,120	38,575	SH		DFND	2,23	38,575	0	0
WALMART INC	Common Stock	931142103	25,460,929	172,675	SH		DFND	23	172,675	0	0
WALGREENS BOOTS ALLIANCE INC	Common Stock	931427108	553,730	16,013	SH		DFND	23	16,013	0	0
WARNER BROS DISCOVERY INC	Common Stock	934423104	746,302	49,424	SH		DFND	23	49,424	0	0
WASTE MANAGEMENT INC COM	Common Stock	94106L109	1,709,695	10,478	SH		DFND	2,23	10,478	0	0
WEBSTER FINANCIAL CORP	Common Stock	947890109	422,070	10,707	SH		DFND	23	10,707	0	0
WELLS FARGO & CO	Common Stock	949746101	3,196,775	85,521	SH		DFND	23	85,521	0	0
WELLTOWER INC	REIT	95040Q104	810,455	11,305	SH		DFND	23	11,305	0	0
WENDY'S CO/THE	Common Stock	95058W100	228,015	10,469	SH		DFND	23	10,469	0	0
WESTERN UNION CO	Common Stock	959802109	9,665,534	866,864	SH		DFND	23	866,864	0	0
WEYERHAEUSER CO	REIT	962166104	503,171	16,700	SH		DFND	23	16,700	0	0
WHEATON PRECIOUS METALS CORP	Common Stock	962879102	619,740	12,868	SH		DFND	23	12,868	0	0
WILLIAMS COS INC	Common Stock	969457100	810,818	27,154	SH		DFND	23	27,154	0	0
XCEL ENERGY INC	Common Stock	98389B100	803,413	11,913	SH		DFND	23	11,913	0	0
YUM! BRANDS INC	Common Stock	988498101	18,606,110	140,870	SH		DFND	23	140,870	0	0
ZOETIS INC CL A	Common Stock	98978V103	2,064,355	12,403	SH		DFND	2,23	12,403	0	0
DEUTSCHE BANK AG-REGISTERED	Common Stock	D18190898	603,805	59,508	SH		DFND	23	59,508	0	0
AMCOR PLC	Common Stock	G0250X107	384,997	33,831	SH		DFND	23	33,831	0	0
ACCENTURE PLC CLASS A ORDINARY	Common Stock	G1151C101	15,323,417	53,614	SH		DFND	2,23	53,614	0	0
FERGUSON PLC	Common Stock	G3421J106	6,155,701	46,855	SH		DFND	23	46,855	0	0
JOHNSON CONTROLS INTERNATION	Common Stock	G51502105	964,664	16,019	SH		DFND	23	16,019	0	0
MEDTRONIC PLC SHS	Common Stock	G5960L103	2,503,251	31,050	SH		DFND	2,23	31,050	0	0
NVENT ELECTRIC PLC	Common Stock	G6700G107	444,515	10,352	SH		DFND	23	10,352	0	0
SEAGATE TECHNOLOGY HOLDINGS	Common Stock	G7997R103	16,239,469	245,606	SH		DFND	23	245,606	0	0
ALCON INC	Common Stock	H01301128	1,024,862	14,493	SH		DFND	23	14,493	0	0
CHUBB LTD	Common Stock	H1467J104	1,947,625	10,030	SH		DFND	23	10,030	0	0
UBS GROUP AG-REG	Common Stock	H42097107	2,021,449	95,880	SH		DFND	23	95,880	0	0
CNH INDUSTRIAL NV	Common Stock	N20944109	455,377	29,822	SH		DFND	23	29,822	0	0
LYONDELLBASELL INDU-CL A	Common Stock	N53745100	24,899,346	265,197	SH		DFND	23	265,197	0	0
STELLANTIS NV	Common Stock	N82405106	1,166,046	64,244	SH		DFND	23	64,244	0	0
ANTERO RESOURCES CORP	Common Stock	03674X106	374,081	16,201	SH		DFND	23	16,201	0	0
FRONTIER COMMUNICATIONS PARE	Common Stock	35909D109	282,712	12,416	SH		DFND	23	12,416	0	0
P G & E CORP	Common Stock	69331C108	622,917	38,523	SH		DFND	23	38,523	0	0
BLACKROCK SHORT MATURITY BON	ETP	46431W507	94,205,726	1,899,309	SH		DFND		1,899,309	0	0
BROOKFIELD ASSET MGMT-A	Common Stock	113004105	331,100	10,108	SH		DFND	23	10,108	0	0
BROOKFIELD CORP	Common Stock	11271J107	1,332,987	40,916	SH		DFND	23	40,916	0	0
CUBESMART	REIT	229663109	588,889	12,741	SH		DFND	23	12,741	0	0
GE HEALTHCARE TECHNOLOGY	Common Stock	36266G107	1,235,700	15,064	SH		DFND	23	15,064	0	0
LINDE PLC	Common Stock	G54950103	3,872,519	10,895	SH		DFND	23	10,895	0	0
MFC VANGUARD HIGH DIVIDEND YIELD ETF	ETP	921946406	23,087,093	218,835	SH		DFND		218,835	0	0
MFC VANGUARD INTL EQUITY INDEX FDS VANGUARD FTSE ALL WORLD EX US ETF	ETP	922042775	60,902,437	1,139,002	SH		DFND		1,139,002	0	0
MFC VICTORY PORTFOLIOS II SHARES USAA CORE INTERMEDIATE TERM BOND	ETP	92647N527	96,838,733	2,075,092	SH		DFND		2,075,092	0	0
MFC VANGUARD SPECIALIZED FUNDS DIVID APPRECIATION ETF SHS	ETP	921908844	4,021,509	26,112	SH		DFND		26,112	0	0
MFC VANGUARD HIGH DIVIDEND YIELD ETF	ETP	921946406	3,891,895	36,890	SH		DFND		36,890	0	0
MFC VANGUARD INTL EQUITY INDEX FDS VANGUARD FTSE ALL WORLD EX US ETF	ETP	922042775	10,496,428	196,305	SH		DFND		196,305	0	0
MFC VANGUARD INDEX FDS TOTAL STOCK MARKET ETF	ETP	922908769	8,446,679	41,385	SH		DFND		41,385	0	0
ISHARES GOLD TR ISHARES NEW	ETP	464285204	3,290,391	88,049	SH		DFND	2	88,049	0	0
ISHARES CORE S&P 500 ETF	ETP	464287200	16,781,519	40,823	SH		DFND	2	40,823	0	0
ISHARES CORE S&P MID-CAP ETF	ETP	464287507	3,087,475	12,342	SH		DFND	2	12,342	0	0
ISHARES CORE S&P SMALL-CAP ETF	ETP	464287804	2,129,818	22,025	SH		DFND	2	22,025	0	0
ISHARES IBOXX $ HIGH YIELD	ETP	464288513	2,640,170	34,946	SH		DFND	2	34,946	0	0
ISHARES NATIONAL MUNI BOND ETF	ETP	464288414	2,048,568	19,014	SH		DFND	2	19,014	0	0
ISHARES SHORT-TERM NATIONAL MUNI	ETP	464288158	1,645,779	15,722	SH		DFND	2	15,722	0	0
ISHARES TR CORE MSCI EAFE ETF	ETP	46432F842	5,835,938	87,299	SH		DFND	2	87,299	0	0
PRINCIPAL EXCHANGE TRADED FDS	ETP	74255Y888	1,056,047	62,157	SH		DFND	2	62,157	0	0
SPDR PORTFOLIO SHORT TERMCORPORATE	ETP	78464A474	2,199,939	74,247	SH		DFND	2	74,247	0	0
VANECK HIGH YIELD MUNI ETF	ETP	92189H409	1,155,458	22,332	SH		DFND	2	22,332	0	0
VANGUARD SCOTTSDALE FDS VANGUARD	ETP	92206C102	4,790,504	81,833	SH		DFND	2	81,833	0	0
VANGUARD SCOTTSDALE FDS VANGUARD	ETP	92206C771	1,699,168	36,502	SH		DFND	2	36,502	0	0