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	1,191,939	11,523	SH		DFND	23	11,523	0	0
AT&T INC	Common Stock	00206R102	3,748,238	164,613	SH		DFND	23	164,613	0	0
ABBOTT LABORATORIES	Common Stock	002824100	4,599,731	40,666	SH		DFND	23	40,666	0	0
ABBVIE INC	Common Stock	00287Y109	79,948,119	449,905	SH		DFND	23	449,905	0	0
ADOBE INC	Common Stock	00724F101	4,560,193	10,255	SH		DFND	23	10,255	0	0
ADVANCED MICRO DEVICES	Common Stock	007903107	4,525,156	37,463	SH		DFND	23	37,463	0	0
AGNICO EAGLE MINES LTD	Common Stock	008474108	2,603,515	16,130	SH		DFND	23	16,130	0	0
AIRBNB INC-CLASS A	Common Stock	009066101	1,318,305	10,032	SH		DFND	23	10,032	0	0
ALCOA CORP	Common Stock	013872106	619,441	16,396	SH		DFND	23	16,396	0	0
ALLY FINANCIAL INC	Common Stock	02005N100	652,033	18,107	SH		DFND	23	18,107	0	0
ALPHABET INC-CL C	Common Stock	02079K107	21,828,804	114,623	SH		DFND	23	114,623	0	0
ALPHABET INC-CL A	Common Stock	02079K305	24,903,172	131,554	SH		DFND	23	131,554	0	0
ALTRIA GROUP INC	Common Stock	02209S103	68,935,267	1,318,326	SH		DFND	23	1,318,326	0	0
AMAZON.COM INC	Common Stock	023135106	47,395,699	216,034	SH		DFND	23	216,034	0	0
AMERICAN AIRLINES GROUP INC	Common Stock	02376R102	716,164	41,088	SH		DFND	23	41,088	0	0
AMERICAN ELECTRIC POWER	Common Stock	025537101	1,153,428	12,506	SH		DFND	23	12,506	0	0
AMERICAN EAGLE OUTFITTERS	Common Stock	02553E106	203,174	12,188	SH		DFND	23	12,188	0	0
AMERICAN EXPRESS CO	Common Stock	025816109	19,825,572	66,800	SH		DFND	23	66,800	0	0
AMERICAN HOMES 4 RENT- A	REIT	02665T306	758,952	20,282	SH		DFND	23	20,282	0	0
AMERICAN INTERNATIONAL GROUP	Common Stock	026874784	1,084,502	14,897	SH		DFND	23	14,897	0	0
AMERICAN TOWER CORP	REIT	03027X100	1,983,946	10,817	SH		DFND	23	10,817	0	0
AMERIPRISE FINANCIAL INC	Common Stock	03076C106	6,622,897	12,439	SH		DFND	23	12,439	0	0
AMGEN INC	Common Stock	031162100	3,243,665	12,445	SH		DFND	23	12,445	0	0
AMPHENOL CORP-CL A	Common Stock	032095101	1,934,044	27,848	SH		DFND	23	27,848	0	0
ANALOG DEVICES INC	Common Stock	032654105	2,424,381	11,411	SH		DFND	23	11,411	0	0
ANNALY CAPITAL MANAGEMENT IN	REIT	035710839	604,961	33,058	SH		DFND	23	33,058	0	0
ANTERO RESOURCES CORP	Common Stock	03674X106	680,776	19,423	SH		DFND	23	19,423	0	0
ANTERO MIDSTREAM CORP	Common Stock	03676B102	339,963	22,529	SH		DFND	23	22,529	0	0
APPLE INC	Common Stock	037833100	87,621,958	349,900	SH		DFND	23	349,900	0	0
APPLE HOSPITALITY REIT INC	REIT	03784Y200	217,571	14,174	SH		DFND	23	14,174	0	0
APPLIED MATERIALS INC	Common Stock	038222105	3,103,468	19,083	SH		DFND	23	19,083	0	0
ARAMARK	Common Stock	03852U106	652,328	17,484	SH		DFND	23	17,484	0	0
ARCHER-DANIELS-MIDLAND CO	Common Stock	039483102	585,476	11,589	SH		DFND	23	11,589	0	0
ARCHROCK INC	Common Stock	03957W106	257,711	10,354	SH		DFND	23	10,354	0	0
ASSOCIATED BANC-CORP	Common Stock	045487105	248,273	10,388	SH		DFND	23	10,388	0	0
AUTOMATIC DATA PROCESSING	Common Stock	053015103	24,185,645	82,621	SH		DFND	23	82,621	0	0
BAKER HUGHES CO	Common Stock	05722G100	848,294	20,680	SH		DFND	23	20,680	0	0
BANK OF AMERICA CORP	Common Stock	060505104	6,852,816	155,923	SH		DFND	23	155,923	0	0
BANK OF MONTREAL	Common Stock	063671101	4,766,481	23,798	SH		DFND	23	23,798	0	0
BANK OF NEW YORK MELLON CORP	Common Stock	064058100	1,361,889	17,726	SH		DFND	23	17,726	0	0
BANK OF NOVA SCOTIA	Common Stock	064149107	4,408,102	39,789	SH		DFND	23	39,789	0	0
BARRICK GOLD CORP	Common Stock	067901108	1,880,921	58,794	SH		DFND	23	58,794	0	0
BATH & BODY WORKS INC	Common Stock	070830104	552,317	14,246	SH		DFND	23	14,246	0	0
BAXTER INTERNATIONAL INC	Common Stock	071813109	331,345	11,363	SH		DFND	23	11,363	0	0
BERKSHIRE HATHAWAY INC-CL B	Common Stock	084670702	19,170,571	42,293	SH		DFND	23	42,293	0	0
BEST BUY CO INC	Common Stock	086516101	7,945,938	92,610	SH		DFND	23	92,610	0	0
BGC GROUP INC-A	Common Stock	088929104	229,571	25,339	SH		DFND	23	25,339	0	0
BIOMARIN PHARMACEUTICAL INC	Common Stock	09061G101	811,305	12,343	SH		DFND	23	12,343	0	0
BLACKSTONE MORTGAGE TRU-CL A	REIT	09257W100	200,894	11,539	SH		DFND	23	11,539	0	0
BLACKSTONE INC	Common Stock	09260D107	2,863,034	16,605	SH		DFND	23	16,605	0	0
BOEING CO/THE	Common Stock	097023105	2,995,902	16,926	SH		DFND	23	16,926	0	0
BOSTON SCIENTIFIC CORP	Common Stock	101137107	3,003,474	33,626	SH		DFND	23	33,626	0	0
BRISTOL-MYERS SQUIBB CO	Common Stock	110122108	21,503,264	380,185	SH		DFND	23	380,185	0	0
BRIXMOR PROPERTY GROUP INC	REIT	11120U105	542,017	19,469	SH		DFND	23	19,469	0	0
BROADCOM INC	Common Stock	11135F101	101,931,470	439,663	SH		DFND	23	439,663	0	0
BROOKFIELD CORP	Common Stock	11271J107	5,529,283	46,629	SH		DFND	23	46,629	0	0
BROOKFIELD ASSET MGMT-A	Common Stock	113004105	1,385,112	12,379	SH		DFND	23	12,379	0	0
CAE INC	Common Stock	124765108	542,725	10,360	SH		DFND	23	10,360	0	0
CSX CORP	Common Stock	126408103	1,415,814	43,874	SH		DFND	23	43,874	0	0
CVS HEALTH CORP	Common Stock	126650100	1,324,479	29,505	SH		DFND	23	29,505	0	0
COTERRA ENERGY INC	Common Stock	127097103	378,273	14,811	SH		DFND	23	14,811	0	0
CADENCE BANK	Common Stock	12740C103	406,200	11,791	SH		DFND	23	11,791	0	0
CAMECO CORP	Common Stock	13321L108	1,530,831	14,431	SH		DFND	23	14,431	0	0
CAN IMPERIAL BK OF COMMERCE	Common Stock	136069101	4,070,653	31,191	SH		DFND	23	31,191	0	0
CANADIAN NATL RAILWAY CO	Common Stock	136375102	3,737,332	17,839	SH		DFND	23	17,839	0	0
CANADIAN NATURAL RESOURCES	Common Stock	136385101	60,690,371	952,807	SH		DFND	23	952,807	0	0
CANADIAN PACIFIC KANSAS CITY	Common Stock	13646K108	4,577,327	30,642	SH		DFND	23	30,642	0	0
CARETRUST REIT INC	REIT	14174T107	297,604	11,002	SH		DFND	23	11,002	0	0
CARLYLE GROUP INC/THE	Common Stock	14316J108	693,935	13,744	SH		DFND	23	13,744	0	0
CARNIVAL CORP	Common Stock	143658300	578,119	23,199	SH		DFND	23	23,199	0	0
CARRIER GLOBAL CORP	Common Stock	14448C104	1,329,773	19,481	SH		DFND	23	19,481	0	0
CATERPILLAR INC	Common Stock	149123101	23,222,807	64,017	SH		DFND	23	64,017	0	0
CENTENE CORP	Common Stock	15135B101	730,050	12,051	SH		DFND	23	12,051	0	0
CENOVUS ENERGY INC	Common Stock	15135U109	10,288,834	328,989	SH		DFND	23	328,989	0	0
CENTERPOINT ENERGY INC	Common Stock	15189T107	528,590	16,659	SH		DFND	23	16,659	0	0
CHAMPIONX CORP	Common Stock	15872M104	340,038	12,506	SH		DFND	23	12,506	0	0
EXPAND ENERGY CORP	Common Stock	165167735	1,346,215	13,523	SH		DFND	23	13,523	0	0
CHEVRON CORP	Common Stock	166764100	38,314,380	264,529	SH		DFND	23	264,529	0	0
CHIPOTLE MEXICAN GRILL INC	Common Stock	169656105	1,871,290	31,033	SH		DFND	23	31,033	0	0
CISCO SYSTEMS INC	Common Stock	17275R102	57,176,307	965,816	SH		DFND	23	965,816	0	0
CITIGROUP INC	Common Stock	172967424	3,079,211	43,745	SH		DFND	23	43,745	0	0
CITIZENS FINANCIAL GROUP	Common Stock	174610105	534,966	12,225	SH		DFND	23	12,225	0	0
CLEVELAND-CLIFFS INC	Common Stock	185899101	296,937	31,589	SH		DFND	23	31,589	0	0
CLOROX COMPANY	Common Stock	189054109	5,915,947	36,426	SH		DFND	23	36,426	0	0
COCA-COLA CO/THE	Common Stock	191216100	5,610,871	90,120	SH		DFND	23	90,120	0	0
COGNEX CORP	Common Stock	192422103	406,115	11,325	SH		DFND	23	11,325	0	0
COGNIZANT TECH SOLUTIONS-A	Common Stock	192446102	904,729	11,765	SH		DFND	23	11,765	0	0
COLGATE-PALMOLIVE CO	Common Stock	194162103	22,993,412	252,925	SH		DFND	23	252,925	0	0
COLUMBIA BANKING SYSTEM INC	Common Stock	197236102	366,823	13,581	SH		DFND	23	13,581	0	0
COMCAST CORP-CLASS A	Common Stock	20030N101	3,365,465	89,674	SH		DFND	23	89,674	0	0
CONOCOPHILLIPS	Common Stock	20825C104	16,141,108	162,762	SH		DFND	23	162,762	0	0
COPART INC	Common Stock	217204106	1,162,607	20,258	SH		DFND	23	20,258	0	0
CORE & MAIN INC-CLASS A	Common Stock	21874C102	627,822	12,332	SH		DFND	23	12,332	0	0
CORNING INC	Common Stock	219350105	812,259	17,093	SH		DFND	23	17,093	0	0
CORTEVA INC	Common Stock	22052L104	893,418	15,685	SH		DFND	23	15,685	0	0
COSTCO WHOLESALE CORP	Common Stock	22160K105	9,429,335	10,291	SH		DFND	23	10,291	0	0
CROWN CASTLE INC	REIT	22822V101	927,749	10,222	SH		DFND	23	10,222	0	0
CUBESMART	REIT	229663109	639,365	14,921	SH		DFND	23	14,921	0	0
DXC TECHNOLOGY CO	Common Stock	23355L106	234,725	11,748	SH		DFND	23	11,748	0	0
DANAHER CORP	Common Stock	235851102	3,383,108	14,738	SH		DFND	23	14,738	0	0
DARLING INGREDIENTS INC	Common Stock	237266101	355,800	10,561	SH		DFND	23	10,561	0	0
DELTA AIR LINES INC	Common Stock	247361702	909,799	15,038	SH		DFND	23	15,038	0	0
DENTSPLY SIRONA INC	Common Stock	24906P109	248,126	13,073	SH		DFND	23	13,073	0	0
DEVON ENERGY CORP	Common Stock	25179M103	453,114	13,844	SH		DFND	23	13,844	0	0
WALT DISNEY CO/THE	Common Stock	254687106	4,665,899	41,903	SH		DFND	23	41,903	0	0
DOMINION ENERGY INC	Common Stock	25746U109	1,036,266	19,240	SH		DFND	23	19,240	0	0
DOUGLAS EMMETT INC	REIT	25960P109	201,432	10,853	SH		DFND	23	10,853	0	0
DOW INC	Common Stock	260557103	707,291	17,625	SH		DFND	23	17,625	0	0
DROPBOX INC-CLASS A	Common Stock	26210C104	465,650	15,501	SH		DFND	23	15,501	0	0
DUKE ENERGY CORP	Common Stock	26441C204	1,992,651	18,495	SH		DFND	23	18,495	0	0
DYNATRACE INC	Common Stock	268150109	1,028,193	18,918	SH		DFND	23	18,918	0	0
EOG RESOURCES INC	Common Stock	26875P101	1,607,269	13,112	SH		DFND	23	13,112	0	0
EQT CORP	Common Stock	26884L109	604,364	13,107	SH		DFND	23	13,107	0	0
EBAY INC	Common Stock	278642103	668,998	10,799	SH		DFND	23	10,799	0	0
EDWARDS LIFESCIENCES CORP	Common Stock	28176E108	1,002,070	13,536	SH		DFND	23	13,536	0	0
EMERSON ELECTRIC CO	Common Stock	291011104	1,536,484	12,398	SH		DFND	23	12,398	0	0
ENBRIDGE INC	Common Stock	29250N105	6,162,009	70,371	SH		DFND	23	70,371	0	0
ENTERGY CORP	Common Stock	29364G103	770,786	10,166	SH		DFND	23	10,166	0	0
ENVISTA HOLDINGS CORP	Common Stock	29415F104	214,505	11,120	SH		DFND	23	11,120	0	0
EQUITABLE HOLDINGS INC	Common Stock	29452E101	975,240	20,675	SH		DFND	23	20,675	0	0
EQUITY LIFESTYLE PROPERTIES	REIT	29472R108	808,457	12,139	SH		DFND	23	12,139	0	0
ESSENTIAL PROPERTIES REALTY	REIT	29670E107	349,804	11,183	SH		DFND	23	11,183	0	0
ESSENTIAL UTILITIES INC	Common Stock	29670G102	595,975	16,409	SH		DFND	23	16,409	0	0
EXELON CORP	Common Stock	30161N101	827,704	21,990	SH		DFND	23	21,990	0	0
EXELIXIS INC	Common Stock	30161Q104	616,050	18,500	SH		DFND	23	18,500	0	0
EXLSERVICE HOLDINGS INC	Common Stock	302081104	473,401	10,667	SH		DFND	23	10,667	0	0
EXPEDITORS INTL WASH INC	Common Stock	302130109	4,324,572	39,041	SH		DFND	23	39,041	0	0
EXXON MOBIL CORP	Common Stock	30231G102	88,360,795	821,426	SH		DFND	23	821,426	0	0
FNB CORP	Common Stock	302520101	362,465	24,524	SH		DFND	23	24,524	0	0
META PLATFORMS INC-CLASS A	Common Stock	30303M102	29,552,446	50,473	SH		DFND	23	50,473	0	0
FASTENAL CO	Common Stock	311900104	980,205	13,631	SH		DFND	23	13,631	0	0
FIDELITY NATIONAL INFO SERV	Common Stock	31620M106	1,081,914	13,395	SH		DFND	23	13,395	0	0
FIDELITY NATIONAL FINANCIAL	Common Stock	31620R303	950,562	16,932	SH		DFND	23	16,932	0	0
FIFTH THIRD BANCORP	Common Stock	316773100	730,049	17,267	SH		DFND	23	17,267	0	0
FIRST BANCORP PUERTO RICO	Common Stock	318672706	204,583	11,005	SH		DFND	23	11,005	0	0
FIRST HORIZON CORP	Common Stock	320517105	712,835	35,394	SH		DFND	23	35,394	0	0
FISERV INC	Common Stock	337738108	2,713,187	13,208	SH		DFND	23	13,208	0	0
FIRSTENERGY CORP	Common Stock	337932107	425,765	10,703	SH		DFND	23	10,703	0	0
FLUOR CORP	Common Stock	343412102	563,876	11,433	SH		DFND	23	11,433	0	0
FLOWERS FOODS INC	Common Stock	343498101	253,994	12,294	SH		DFND	23	12,294	0	0
FORD MOTOR CO	Common Stock	345370860	861,231	86,993	SH		DFND	23	86,993	0	0
FORTIS INC	Common Stock	349553107	1,253,250	14,619	SH		DFND	23	14,619	0	0
FORTINET INC	Common Stock	34959E109	1,364,669	14,444	SH		DFND	23	14,444	0	0
FREEPORT-MCMORAN INC	Common Stock	35671D857	1,246,168	32,725	SH		DFND	23	32,725	0	0
FRONTIER COMMUNICATIONS PARE	Common Stock	35909D109	505,822	14,577	SH		DFND	23	14,577	0	0
FULTON FINANCIAL CORP	Common Stock	360271100	236,199	12,251	SH		DFND	23	12,251	0	0
GE HEALTHCARE TECHNOLOGY	Common Stock	36266G107	801,423	10,251	SH		DFND	23	10,251	0	0
GAMING AND LEISURE PROPERTIE	REIT	36467J108	856,526	17,785	SH		DFND	23	17,785	0	0
GAMESTOP CORP-CLASS A	Common Stock	36467W109	788,452	25,158	SH		DFND	23	25,158	0	0
GAP INC/THE	Common Stock	364760108	341,595	14,456	SH		DFND	23	14,456	0	0
GENERAL ELECTRIC	Common Stock	369604301	4,250,310	25,483	SH		DFND	23	25,483	0	0
GENERAL MILLS INC	Common Stock	370334104	829,010	13,000	SH		DFND	23	13,000	0	0
GENERAL MOTORS CO	Common Stock	37045V100	1,428,595	26,818	SH		DFND	23	26,818	0	0
GENTEX CORP	Common Stock	371901109	418,970	14,583	SH		DFND	23	14,583	0	0
GENWORTH FINANCIAL INC	Common Stock	37247D106	212,349	30,379	SH		DFND	23	30,379	0	0
GILEAD SCIENCES INC	Common Stock	375558103	15,391,613	166,630	SH		DFND	23	166,630	0	0
GRACO INC	Common Stock	384109104	930,899	11,044	SH		DFND	23	11,044	0	0
GRAPHIC PACKAGING HOLDING CO	Common Stock	388689101	533,966	19,660	SH		DFND	23	19,660	0	0
HP INC	Common Stock	40434L105	6,525,217	199,976	SH		DFND	23	199,976	0	0
HALLIBURTON CO	Common Stock	406216101	580,942	21,366	SH		DFND	23	21,366	0	0
HEALTHCARE REALTY TRUST INC	REIT	42226K105	406,190	23,964	SH		DFND	23	23,964	0	0
HEALTHPEAK PROPERTIES INC	REIT	42250P103	375,704	18,535	SH		DFND	23	18,535	0	0
HERSHEY CO/THE	Common Stock	427866108	4,734,179	27,955	SH		DFND	23	27,955	0	0
HEWLETT PACKARD ENTERPRISE	Common Stock	42824C109	659,395	30,885	SH		DFND	23	30,885	0	0
HOME BANCSHARES INC	Common Stock	436893200	354,401	12,523	SH		DFND	23	12,523	0	0
HOME DEPOT INC	Common Stock	437076102	78,650,277	202,191	SH		DFND	23	202,191	0	0
HONEYWELL INTERNATIONAL INC	Common Stock	438516106	3,391,964	15,016	SH		DFND	23	15,016	0	0
HOST HOTELS & RESORTS INC	REIT	44107P104	257,229	14,682	SH		DFND	23	14,682	0	0
HUNTINGTON BANCSHARES INC	Common Stock	446150104	584,841	35,946	SH		DFND	23	35,946	0	0
ILLINOIS TOOL WORKS	Common Stock	452308109	11,542,812	45,523	SH		DFND	23	45,523	0	0
ILLUMINA INC	Common Stock	452327109	1,375,587	10,294	SH		DFND	23	10,294	0	0
IMPERIAL OIL LTD	Common Stock	453038408	12,529,115	98,539	SH		DFND	23	98,539	0	0
INDEPENDENCE REALTY TRUST IN	REIT	45378A106	274,963	13,859	SH		DFND	23	13,859	0	0
INGERSOLL-RAND INC	Common Stock	45687V106	922,059	10,193	SH		DFND	23	10,193	0	0
INTEL CORP	Common Stock	458140100	1,951,166	97,315	SH		DFND	23	97,315	0	0
INTERCONTINENTAL EXCHANGE IN	Common Stock	45866F104	1,964,995	13,187	SH		DFND	23	13,187	0	0
INTL BUSINESS MACHINES CORP	Common Stock	459200101	4,652,262	21,163	SH		DFND	23	21,163	0	0
INVITATION HOMES INC	REIT	46187W107	471,462	14,747	SH		DFND	23	14,747	0	0
ISHARES TIPS BOND ETF	ETP	464287176	2,152,417	20,201	SH		DFND		20,201	0	0
ISHARES CORE U.S. AGGREGATE	ETP	464287226	286,221,282	2,953,780	SH		DFND		2,953,780	0	0
ISHARES S&P 500 GROWTH ETF	ETP	464287309	4,788,764	47,166	SH		DFND		47,166	0	0
JPMORGAN CHASE & CO	Common Stock	46625H100	63,783,715	266,087	SH		DFND	23	266,087	0	0
JEFFERIES FINANCIAL GROUP IN	Common Stock	47233W109	810,499	10,338	SH		DFND	23	10,338	0	0
JOHNSON & JOHNSON	Common Stock	478160104	64,166,014	443,687	SH		DFND	23	443,687	0	0
KENVUE INC	Common Stock	49177J102	902,913	42,291	SH		DFND	23	42,291	0	0
KEURIG DR PEPPER INC	Common Stock	49271V100	767,315	23,889	SH		DFND	23	23,889	0	0
KEYCORP	Common Stock	493267108	379,651	22,150	SH		DFND	23	22,150	0	0
KIMBERLY-CLARK CORP	Common Stock	494368103	22,127,939	168,864	SH		DFND	23	168,864	0	0
KIMCO REALTY CORP	REIT	49446R109	468,764	20,007	SH		DFND	23	20,007	0	0
KINDER MORGAN INC	Common Stock	49456B101	1,306,487	47,682	SH		DFND	23	47,682	0	0
KINROSS GOLD CORP	Common Stock	496902404	753,299	39,315	SH		DFND	23	39,315	0	0
KITE REALTY GROUP TRUST	REIT	49803T300	364,794	14,453	SH		DFND	23	14,453	0	0
KNIGHT-SWIFT TRANSPORTATION	Common Stock	499049104	562,489	10,605	SH		DFND	23	10,605	0	0
KRAFT HEINZ CO/THE	Common Stock	500754106	615,674	20,048	SH		DFND	23	20,048	0	0
KROGER CO	Common Stock	501044101	985,616	16,118	SH		DFND	23	16,118	0	0
KYNDRYL HOLDINGS INC	Common Stock	50155Q100	528,792	15,283	SH		DFND	23	15,283	0	0
LIBERTY ENERGY INC	Common Stock	53115L104	215,329	10,826	SH		DFND	23	10,826	0	0
ELI LILLY & CO	Common Stock	532457108	19,090,788	24,729	SH		DFND	23	24,729	0	0
LINCOLN NATIONAL CORP	Common Stock	534187109	363,365	11,459	SH		DFND	23	11,459	0	0
LOCKHEED MARTIN CORP	Common Stock	539830109	21,114,093	43,450	SH		DFND	23	43,450	0	0
LOWE'S COS INC	Common Stock	548661107	24,084,718	97,588	SH		DFND	23	97,588	0	0
LUMEN TECHNOLOGIES INC	Common Stock	550241103	352,982	66,475	SH		DFND	23	66,475	0	0
MDU RESOURCES GROUP INC	Common Stock	552690109	239,738	13,304	SH		DFND	23	13,304	0	0
MGIC INVESTMENT CORP	Common Stock	552848103	414,546	17,484	SH		DFND	23	17,484	0	0
MSCI INC	Common Stock	55354G100	6,728,512	11,214	SH		DFND	23	11,214	0	0
MACERICH CO/THE	REIT	554382101	282,067	14,160	SH		DFND	23	14,160	0	0
MACY'S INC	Common Stock	55616P104	308,617	18,229	SH		DFND	23	18,229	0	0
MAGNOLIA OIL & GAS CORP - A	Common Stock	559663109	268,379	11,479	SH		DFND	23	11,479	0	0
MANULIFE FINANCIAL CORP	Common Stock	56501R106	3,772,986	59,529	SH		DFND	23	59,529	0	0
MARA HOLDINGS INC	Common Stock	565788106	319,720	19,065	SH		DFND	23	19,065	0	0
MARATHON PETROLEUM CORP	Common Stock	56585A102	4,761,554	34,133	SH		DFND	23	34,133	0	0
MARSH & MCLENNAN COS	Common Stock	571748102	2,400,658	11,302	SH		DFND	23	11,302	0	0
MASCO CORP	Common Stock	574599106	5,090,495	70,146	SH		DFND	23	70,146	0	0
MASTERCARD INC - A	Common Stock	57636Q104	10,034,844	19,057	SH		DFND	23	19,057	0	0
MATTEL INC	Common Stock	577081102	401,549	22,648	SH		DFND	23	22,648	0	0
MCDONALD'S CORP	Common Stock	580135101	4,821,740	16,633	SH		DFND	23	16,633	0	0
MERCK & CO. INC.	Common Stock	58933Y105	38,848,930	390,520	SH		DFND	23	390,520	0	0
METLIFE INC	Common Stock	59156R108	1,127,569	13,771	SH		DFND	23	13,771	0	0
MICROSOFT CORP	Common Stock	594918104	72,430,982	171,841	SH		DFND	23	171,841	0	0
MICROCHIP TECHNOLOGY INC	Common Stock	595017104	739,930	12,902	SH		DFND	23	12,902	0	0
MICRON TECHNOLOGY INC	Common Stock	595112103	2,170,234	25,787	SH		DFND	23	25,787	0	0
MONDELEZ INTERNATIONAL INC-A	Common Stock	609207105	1,873,790	31,371	SH		DFND	23	31,371	0	0
MONSTER BEVERAGE CORP	Common Stock	61174X109	853,101	16,231	SH		DFND	23	16,231	0	0
MORGAN STANLEY	Common Stock	617446448	3,583,397	28,503	SH		DFND	23	28,503	0	0
NOV INC	Common Stock	62955J103	378,096	25,897	SH		DFND	23	25,897	0	0
NNN REIT INC	REIT	637417106	477,291	11,684	SH		DFND	23	11,684	0	0
NETFLIX INC	Common Stock	64110L106	8,925,678	10,014	SH		DFND	23	10,014	0	0
NEW YORK TIMES CO-A	Common Stock	650111107	560,891	10,776	SH		DFND	23	10,776	0	0
NEWELL BRANDS INC	Common Stock	651229106	257,476	25,851	SH		DFND	23	25,851	0	0
NEWMONT CORP	Common Stock	651639106	978,551	26,291	SH		DFND	23	26,291	0	0
NEXTERA ENERGY INC	Common Stock	65339F101	3,383,123	47,191	SH		DFND	23	47,191	0	0
NIKE INC -CL B	Common Stock	654106103	2,123,073	28,057	SH		DFND	23	28,057	0	0
NISOURCE INC	Common Stock	65473P105	411,308	11,189	SH		DFND	23	11,189	0	0
GEN DIGITAL INC	Common Stock	668771108	324,179	11,840	SH		DFND	23	11,840	0	0
NVIDIA CORP	Common Stock	67066G104	76,393,015	568,866	SH		DFND	23	568,866	0	0
NUTRIEN LTD	Common Stock	67077M108	1,517,386	16,437	SH		DFND	23	16,437	0	0
OGE ENERGY CORP	Common Stock	670837103	535,301	12,977	SH		DFND	23	12,977	0	0
OCCIDENTAL PETROLEUM CORP	Common Stock	674599105	758,493	15,351	SH		DFND	23	15,351	0	0
OLD NATIONAL BANCORP	Common Stock	680033107	457,107	21,060	SH		DFND	23	21,060	0	0
OLD REPUBLIC INTL CORP	Common Stock	680223104	551,246	15,232	SH		DFND	23	15,232	0	0
OMEGA HEALTHCARE INVESTORS	REIT	681936100	617,220	16,307	SH		DFND	23	16,307	0	0
ONEOK INC	Common Stock	682680103	1,307,308	13,021	SH		DFND	23	13,021	0	0
ORACLE CORP	Common Stock	68389X105	6,155,848	36,941	SH		DFND	23	36,941	0	0
OPTION CARE HEALTH INC	Common Stock	68404L201	264,642	11,407	SH		DFND	23	11,407	0	0
ORGANON & CO	Common Stock	68622V106	254,580	17,063	SH		DFND	23	17,063	0	0
OTIS WORLDWIDE CORP	Common Stock	68902V107	5,313,128	57,371	SH		DFND	23	57,371	0	0
OVINTIV INC	Common Stock	69047Q102	664,848	16,416	SH		DFND	23	16,416	0	0
OWENS CORNING	Common Stock	690742101	4,423,551	25,972	SH		DFND	23	25,972	0	0
P G & E CORP	Common Stock	69331C108	999,717	49,540	SH		DFND	23	49,540	0	0
PPL CORP	Common Stock	69351T106	481,577	14,836	SH		DFND	23	14,836	0	0
PACCAR INC	Common Stock	693718108	1,287,768	12,380	SH		DFND	23	12,380	0	0
PALO ALTO NETWORKS INC	Common Stock	697435105	2,731,584	15,012	SH		DFND	23	15,012	0	0
PAN AMERICAN SILVER CORP	Common Stock	697900108	549,093	13,156	SH		DFND	23	13,156	0	0
PAYPAL HOLDINGS INC	Common Stock	70450Y103	2,066,836	24,216	SH		DFND	23	24,216	0	0
PEMBINA PIPELINE CORP	Common Stock	706327103	1,572,926	20,635	SH		DFND	23	20,635	0	0
PEPSICO INC	Common Stock	713448108	48,731,429	320,475	SH		DFND	23	320,475	0	0
PERFORMANCE FOOD GROUP CO	Common Stock	71377A103	874,247	10,340	SH		DFND	23	10,340	0	0
PERMIAN RESOURCES CORP	Common Stock	71424F105	577,328	40,148	SH		DFND	23	40,148	0	0
PFIZER INC	Common Stock	717081103	3,485,564	131,382	SH		DFND	23	131,382	0	0
PHILIP MORRIS INTERNATIONAL	Common Stock	718172109	60,481,772	502,549	SH		DFND	23	502,549	0	0
T ROWE PRICE GROUP INC	Common Stock	74144T108	5,352,097	47,326	SH		DFND	23	47,326	0	0
PROCTER & GAMBLE CO/THE	Common Stock	742718109	57,868,589	345,175	SH		DFND	23	345,175	0	0
PROGRESSIVE CORP	Common Stock	743315103	3,266,364	13,632	SH		DFND	23	13,632	0	0
PROLOGIS INC	REIT	74340W103	2,254,792	21,332	SH		DFND	23	21,332	0	0
PUBLIC SERVICE ENTERPRISE GP	Common Stock	744573106	991,237	11,732	SH		DFND	23	11,732	0	0
PURE STORAGE INC - CLASS A	Common Stock	74624M102	1,237,323	20,142	SH		DFND	23	20,142	0	0
QUALCOMM INC	Common Stock	747525103	25,817,531	168,061	SH		DFND	23	168,061	0	0
RB GLOBAL INC	Common Stock	74935Q107	2,387,182	18,413	SH		DFND	23	18,413	0	0
RANGE RESOURCES CORP	Common Stock	75281A109	577,623	16,054	SH		DFND	23	16,054	0	0
RANI THERAPEUTICS HOLDINGS-A	Common Stock	753018100	414,758	302,743	SH		DFND	23	302,743	0	0
RTX CORP	Common Stock	75513E101	3,504,002	30,280	SH		DFND	23	30,280	0	0
REALTY INCOME CORP	REIT	756109104	1,098,323	20,564	SH		DFND	23	20,564	0	0
REGIONS FINANCIAL CORP	Common Stock	7591EP100	491,192	20,884	SH		DFND	23	20,884	0	0
RESIDEO TECHNOLOGIES INC	Common Stock	76118Y104	232,551	10,089	SH		DFND	23	10,089	0	0
REXFORD INDUSTRIAL REALTY IN	REIT	76169C100	556,317	14,390	SH		DFND	23	14,390	0	0
ROGERS COMMUNICATIONS INC-B	Common Stock	775109200	946,091	14,917	SH		DFND	23	14,917	0	0
ROYAL BANK OF CANADA	Common Stock	780087102	11,569,713	46,510	SH		DFND	23	46,510	0	0
SLM CORP	Common Stock	78442P106	393,622	14,272	SH		DFND	23	14,272	0	0
SABRA HEALTH CARE REIT INC	REIT	78573L106	260,839	15,060	SH		DFND	23	15,060	0	0
SALESFORCE INC	Common Stock	79466L302	7,550,843	22,585	SH		DFND	23	22,585	0	0
SCHLUMBERGER LTD	Common Stock	806857108	1,321,350	34,464	SH		DFND	23	34,464	0	0
SCHWAB (CHARLES) CORP	Common Stock	808513105	2,563,928	34,643	SH		DFND	23	34,643	0	0
SEA LTD-ADR	ADR	81141R100	1,323,173	12,471	SH		DFND	23	12,471	0	0
SEMPRA	Common Stock	816851109	1,330,011	15,162	SH		DFND	23	15,162	0	0
SHOPIFY INC - CLASS A	Common Stock	82509L107	8,764,931	39,917	SH		DFND	23	39,917	0	0
SOUTHERN CO/THE	Common Stock	842587107	2,126,737	25,835	SH		DFND	23	25,835	0	0
SOUTHWEST AIRLINES CO	Common Stock	844741108	489,608	14,563	SH		DFND	23	14,563	0	0
STAG INDUSTRIAL INC	REIT	85254J102	402,898	11,913	SH		DFND	23	11,913	0	0
STARBUCKS CORP	Common Stock	855244109	16,483,856	180,645	SH		DFND	23	180,645	0	0
STARWOOD PROPERTY TRUST INC	REIT	85571B105	370,662	19,560	SH		DFND	23	19,560	0	0
SUN LIFE FINANCIAL INC	Common Stock	866796105	2,425,227	19,798	SH		DFND	23	19,798	0	0
SUNCOR ENERGY INC	Common Stock	867224107	3,093,876	42,012	SH		DFND	23	42,012	0	0
SYSCO CORP	Common Stock	871829107	801,912	10,488	SH		DFND	23	10,488	0	0
TJX COMPANIES INC	Common Stock	872540109	3,093,582	25,607	SH		DFND	23	25,607	0	0
T-MOBILE US INC	Common Stock	872590104	2,497,781	11,316	SH		DFND	23	11,316	0	0
TARGET CORP	Common Stock	87612E106	10,235,154	75,715	SH		DFND	23	75,715	0	0
TC ENERGY CORP	Common Stock	87807B107	3,261,993	33,927	SH		DFND	23	33,927	0	0
TECK RESOURCES LTD-CLS B	Common Stock	878742204	1,292,587	15,453	SH		DFND	23	15,453	0	0
TEMPUR SEALY INTERNATIONAL I	Common Stock	88023U101	654,940	11,553	SH		DFND	23	11,553	0	0
TESLA INC	Common Stock	88160R101	25,924,105	64,194	SH		DFND	23	64,194	0	0
TEVA PHARMACEUTICAL-SP ADR	ADR	881624209	825,993	37,477	SH		DFND	23	37,477	0	0
TETRA TECH INC	Common Stock	88162G103	707,917	17,769	SH		DFND	23	17,769	0	0
TEXAS INSTRUMENTS INC	Common Stock	882508104	3,966,774	21,155	SH		DFND	23	21,155	0	0
3M CO	Common Stock	88579Y101	16,312,329	126,364	SH		DFND	23	126,364	0	0
TORONTO-DOMINION BANK	Common Stock	891160509	6,312,706	57,472	SH		DFND	23	57,472	0	0
TRACTOR SUPPLY COMPANY	Common Stock	892356106	685,270	12,915	SH		DFND	23	12,915	0	0
TRUECAR INC	Common Stock	89785L107	29,699,174	7,962,245	SH		DFND	23	7,962,245	0	0
TRUIST FINANCIAL CORP	Common Stock	89832Q109	1,327,428	30,600	SH		DFND	23	30,600	0	0
UGI CORP	Common Stock	902681105	387,033	13,710	SH		DFND	23	13,710	0	0
US BANCORP	Common Stock	902973304	1,678,259	35,088	SH		DFND	23	35,088	0	0
UBER TECHNOLOGIES INC	Common Stock	90353T100	2,883,899	47,810	SH		DFND	23	47,810	0	0
UNION PACIFIC CORP	Common Stock	907818108	3,254,587	14,272	SH		DFND	23	14,272	0	0
UNITED PARCEL SERVICE-CL B	Common Stock	911312106	22,082,254	175,117	SH		DFND	23	175,117	0	0
US FOODS HOLDING CORP	Common Stock	912008109	1,073,221	15,909	SH		DFND	23	15,909	0	0
UNITED STATES STEEL CORP	Common Stock	912909108	507,029	14,917	SH		DFND	23	14,917	0	0
UNITEDHEALTH GROUP INC	Common Stock	91324P102	36,391,568	71,940	SH		DFND	23	71,940	0	0
UNUM GROUP	Common Stock	91529Y106	781,932	10,707	SH		DFND	23	10,707	0	0
VF CORP	Common Stock	918204108	468,794	21,845	SH		DFND	23	21,845	0	0
VALERO ENERGY CORP	Common Stock	91913Y100	15,898,084	129,685	SH		DFND	23	129,685	0	0
VALLEY NATIONAL BANCORP	Common Stock	919794107	260,040	28,702	SH		DFND	23	28,702	0	0
MFC VANGUARD SPECIALIZED FUNDS DIVID APPRECIATION ETF SHS	ETP	921908844	2,391,868	12,214	SH		DFND		12,214	0	0
VANGUARD TOTAL INTL STOCK	ETP	921909768	9,694,751	164,513	SH		DFND		164,513	0	0
VANGUARD SHORT-TERM BOND ETF	ETP	921937827	18,638,838	241,217	SH		DFND		241,217	0	0
VANGUARD TOTAL BOND MARKET	ETP	921937835	9,309,181	129,456	SH		DFND		129,456	0	0
MFC VANGUARD HIGH DIVIDEND YIELD ETF	ETP	921946406	27,007,741	211,676	SH		DFND		211,676	0	0
MFC VANGUARD INTL EQUITY INDEX FDS VANGUARD FTSE ALL WORLD EX US ETF	ETP	922042775	64,431,071	1,122,297	SH		DFND		1,122,297	0	0
VANGUARD S/T CORP BOND ETF	ETP	92206C409	14,505,413	185,943	SH		DFND		185,943	0	0
VANGUARD LONG-TERM CORP BOND	ETP	92206C813	14,159,593	189,350	SH		DFND		189,350	0	0
VANGUARD INT-TERM CORPORATE	ETP	92206C870	14,401,482	179,413	SH		DFND		179,413	0	0
MFC VANGUARD INDEX FUNDS S&P 500 ETF SHSNEW	ETP	922908363	109,571,324	203,358	SH		DFND		203,358	0	0
MFC VANGUARD EXTD MKT ETF	ETP	922908652	28,360,594	149,282	SH		DFND		149,282	0	0
MFC VANGUARD INDEX FDS TOTAL STOCK MARKET ETF	ETP	922908769	5,624,632	19,408	SH		DFND		19,408	0	0
VERIZON COMMUNICATIONS INC	Common Stock	92343V104	3,903,744	97,618	SH		DFND	23	97,618	0	0
VERRA MOBILITY CORP	Common Stock	92511U102	262,692	10,864	SH		DFND	23	10,864	0	0
VIATRIS INC	Common Stock	92556V106	368,010	29,559	SH		DFND	23	29,559	0	0
VICI PROPERTIES INC	REIT	925652109	579,731	19,847	SH		DFND	23	19,847	0	0
MFC VICTORY PORTFOLIOS II VICTORYSHARES CORE INTERMEDIATE BOND ETF	ETP	92647N527	99,020,590	2,154,495	SH		DFND		2,154,495	0	0
VISA INC-CLASS A SHARES	Common Stock	92826C839	12,214,314	38,648	SH		DFND	23	38,648	0	0
VONTIER CORP	Common Stock	928881101	374,219	10,261	SH		DFND	23	10,261	0	0
VORNADO REALTY TRUST	REIT	929042109	446,759	10,627	SH		DFND	23	10,627	0	0
WP CAREY INC	REIT	92936U109	789,034	14,483	SH		DFND	23	14,483	0	0
WALMART INC	Common Stock	931142103	23,914,470	264,687	SH		DFND	23	264,687	0	0
WARNER BROS DISCOVERY INC	Common Stock	934423104	534,546	50,572	SH		DFND	23	50,572	0	0
WEBSTER FINANCIAL CORP	Common Stock	947890109	627,520	11,364	SH		DFND	23	11,364	0	0
WELLS FARGO & CO	Common Stock	949746101	5,510,679	78,455	SH		DFND	23	78,455	0	0
WELLTOWER INC	REIT	95040Q104	1,699,893	13,488	SH		DFND	23	13,488	0	0
WESTERN UNION CO	Common Stock	959802109	232,479	21,932	SH		DFND	23	21,932	0	0
WEYERHAEUSER CO	REIT	962166104	463,152	16,453	SH		DFND	23	16,453	0	0
WHEATON PRECIOUS METALS CORP	Common Stock	962879102	1,741,194	14,994	SH		DFND	23	14,994	0	0
WILLIAMS COS INC	Common Stock	969457100	1,520,610	28,097	SH		DFND	23	28,097	0	0
XCEL ENERGY INC	Common Stock	98389B100	879,786	13,030	SH		DFND	23	13,030	0	0
YUM! BRANDS INC	Common Stock	988498101	7,119,603	53,068	SH		DFND	23	53,068	0	0
ZOETIS INC	Common Stock	98978V103	1,692,517	10,388	SH		DFND	23	10,388	0	0
DEUTSCHE BANK AG-REGISTERED	Common Stock	D18190898	1,040,077	65,002	SH		DFND	23	65,002	0	0
ALKERMES PLC	Common Stock	G01767105	311,039	10,815	SH		DFND	23	10,815	0	0
AMCOR PLC	Common Stock	G0250X107	307,538	32,682	SH		DFND	23	32,682	0	0
ARCADIUM LITHIUM PLC	Common Stock	G0508H110	349,707	68,169	SH		DFND	23	68,169	0	0
AXALTA COATING SYSTEMS LTD	Common Stock	G0750C108	499,783	14,605	SH		DFND	23	14,605	0	0
ACCENTURE PLC-CL A	Common Stock	G1151C101	19,916,591	56,615	SH		DFND	23	56,615	0	0
CRH PLC	Common Stock	G25508105	3,437,177	58,166	SH		DFND	23	58,166	0	0
GENPACT LTD	Common Stock	G3922B107	457,847	10,660	SH		DFND	23	10,660	0	0
INVESCO LTD	Common Stock	G491BT108	222,468	12,727	SH		DFND	23	12,727	0	0
JOHNSON CONTROLS INTERNATION	Common Stock	G51502105	1,182,608	14,983	SH		DFND	23	14,983	0	0
LINDE PLC	Common Stock	G54950103	4,705,013	11,238	SH		DFND	23	11,238	0	0
MEDTRONIC PLC	Common Stock	G5960L103	2,350,469	29,425	SH		DFND	23	29,425	0	0
NORWEGIAN CRUISE LINE HOLDIN	Common Stock	G66721104	259,461	10,084	SH		DFND	23	10,084	0	0
NVENT ELECTRIC PLC	Common Stock	G6700G107	720,996	10,578	SH		DFND	23	10,578	0	0
ROIVANT SCIENCES LTD	Common Stock	G76279101	325,254	27,494	SH		DFND	23	27,494	0	0
ALCON INC	Common Stock	H01301128	1,148,524	16,525	SH		DFND	23	16,525	0	0
UBS GROUP AG-REG	Common Stock	H42097107	2,769,493	110,504	SH		DFND	23	110,504	0	0
LOGITECH INTERNATIONAL-REG	Common Stock	H50430232	3,404,011	50,191	SH		DFND	23	50,191	0	0
ICL GROUP LTD	Common Stock	M53213100	1,432,279	21,780	SH		DFND	23	21,780	0	0
NXP SEMICONDUCTORS NV	Common Stock	N6596X109	4,859,741	23,381	SH		DFND	23	23,381	0	0
STELLANTIS NV	Common Stock	N82405106	813,749	67,217	SH		DFND	23	67,217	0	0
CNH INDUSTRIAL NV	Common Stock	N20944109	625,269	55,187	SH		DFND	23	55,187	0	0
FERROVIAL SE	Common Stock	N3168P101	619,411	15,866	SH		DFND	23	15,866	0	0
AVANTOR INC	Common Stock	05352A100	937,573	44,498	SH		DFND	23	44,498	0	0
GATES INDUSTRIAL CORP PLC	Common Stock	G39108108	289,091	14,054	SH		DFND	23	14,054	0	0
KKR & CO INC	Common Stock	48251W104	2,291,718	15,494	SH		DFND	23	15,494	0	0
SMURFIT WESTROCK PLC	Common Stock	G8267P108	623,268	11,572	SH		DFND	23	11,572	0	0
FERGUSON ENTERPRISES INC	Common Stock	31488V107	3,915,218	22,557	SH		DFND	23	22,557	0	0
ADMA BIOLOGICS INC	Common Stock	000899104	255,226	14,882	SH		DFND	23	14,882	0	0
PALANTIR TECHNOLOGIES INC-A	Common Stock	69608A108	3,525,795	46,619	SH		DFND	23	46,619	0	0
ARISTA NETWORKS INC	Common Stock	040413205	2,628,403	23,780	SH		DFND	23	23,780	0	0
LAM RESEARCH CORP	Common Stock	512807306	2,178,096	30,155	SH		DFND	23	30,155	0	0
SUPER MICRO COMPUTER INC	Common Stock	86800U302	348,996	11,450	SH		DFND	23	11,450	0	0
DOCUSIGN INC	Common Stock	256163106	1,192,964	13,264	SH		DFND	23	13,264	0	0
HIMS & HERS HEALTH INC	Common Stock	433000106	294,972	12,199	SH		DFND	23	12,199	0	0
FLEX LTD	Common Stock	Y2573F102	981,747	25,573	SH		DFND	23	25,573	0	0
APOLLO GLOBAL MANAGEMENT INC	Common Stock	03769M106	1,709,076	10,348	SH		DFND	23	10,348	0	0