Zurich Insurance (ZFSVF) 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
SCHLUMBERGER LTD	COM	806857108	14,246	204,241	SH		DFND	1	0	204,241	0
VALEANT PHARMACEUTICALS INTL	COM	91911K102	3,873	38,098	SH		DFND	1	0	38,098	0
CARNIVAL CORP	PAIRED CTF	143658300	4,190	76,917	SH		DFND	1	0	76,917	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	6,107	29,957	SH		DFND		0	29,957	0
AFLAC INC	COM	001055102	5,526	92,255	SH		DFND	1	0	92,255	0
AT&T INC	COM	00206R102	32,959	957,843	SH		DFND	1	0	957,843	0
ABBOTT LABS	COM	002824100	8,786	195,640	SH		DFND	1	0	195,640	0
ABBVIE INC	COM	00287Y109	12,512	211,217	SH		DFND	1	0	211,217	0
ADOBE SYS INC	COM	00724F101	16,750	178,301	SH		DFND	1	0	178,301	0
AIR PRODS & CHEMS INC	COM	009158106	3,786	29,098	SH		DFND	1	0	29,098	0
AKORN INC	COM	009728106	120	3,206	SH		DFND	1	0	3,206	0
ALASKA AIR GROUP INC	COM	011659109	786	9,760	SH		DFND	1	0	9,760	0
ALCOA INC	COM	013817101	1,633	165,440	SH		DFND	1	0	165,440	0
ALEXION PHARMACEUTICALS INC	COM	015351109	4,250	22,282	SH		DFND	1	0	22,282	0
ALPHABET INC	CAP STK CL C	02079K107	29,925	39,433	SH		DFND	1	0	39,433	0
ALPHABET INC	CAP STK CL A	02079K305	35,969	46,232	SH		DFND	1	0	46,232	0
ALTRIA GROUP INC	COM	02209S103	16,603	285,221	SH		DFND	1	0	285,221	0
AMAZON COM INC	COM	023135106	32,613	48,252	SH		DFND	1	0	48,252	0
AMERICAN AIRLS GROUP INC	COM	02376R102	1,866	44,063	SH		DFND	1	0	44,063	0
AMERICAN EXPRESS CO	COM	025816109	7,316	105,193	SH		DFND	1	0	105,193	0
AMERICAN INTL GROUP INC	COM NEW	026874784	17,941	289,506	SH		DFND	1	0	289,506	0
AMERIPRISE FINL INC	COM	03076C106	2,298	21,598	SH		DFND	1	0	21,598	0
AMGEN INC	COM	031162100	18,195	112,084	SH		DFND	1	0	112,084	0
ANADARKO PETE CORP	COM	032511107	3,103	63,875	SH		DFND	1	0	63,875	0
APPLE INC	COM	037833100	55	520	SH		DFND		0	520	0
APPLE INC	COM	037833100	90,237	857,279	SH		DFND	1	0	857,279	0
APPLIED INDL TECHNOLOGIES IN	COM	03820C105	1,190	29,400	SH		DFND	1	0	29,400	0
APPLIED MATLS INC	COM	038222105	2,788	149,338	SH		DFND	1	0	149,338	0
AQUA AMERICA INC	COM	03836W103	1,583	53,125	SH		DFND	1	0	53,125	0
ARCHER DANIELS MIDLAND CO	COM	039483102	5,434	148,143	SH		DFND	1	0	148,143	0
ASHLAND INC NEW	COM	044209104	921	8,964	SH		DFND	1	0	8,964	0
ASSURANT INC	COM	04621X108	979	12,155	SH		DFND	1	0	12,155	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	4,695	55,423	SH		DFND	1	0	55,423	0
AUTOZONE INC	COM	053332102	5,814	7,836	SH		DFND	1	0	7,836	0
AVALONBAY CMNTYS INC	COM	053484101	3,105	16,861	SH		DFND	1	0	16,861	0
BB&T CORP	COM	054937107	4,878	129,024	SH		DFND	1	0	129,024	0
BAKER HUGHES INC	COM	057224107	2,914	63,143	SH		DFND	1	0	63,143	0
BANK AMER CORP	COM	060505104	40,623	2,413,728	SH		DFND	1	0	2,413,728	0
BANK HAWAII CORP	COM	062540109	1,044	16,600	SH		DFND	1	0	16,600	0
BANK NEW YORK MELLON CORP	COM	064058100	10,547	255,877	SH		DFND	1	0	255,877	0
BECTON DICKINSON & CO	COM	075887109	10,452	67,833	SH		DFND	1	0	67,833	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	28,088	142	SH		DFND	1	0	142	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	8,115	61,460	SH		DFND	1	0	61,460	0
BIOGEN INC	COM	09062X103	7,749	25,296	SH		DFND	1	0	25,296	0
BLACKROCK INC	COM	09247X101	12,762	37,478	SH		DFND	1	0	37,478	0
BLOCK H & R INC	COM	093671105	4,329	129,957	SH		DFND	1	0	129,957	0
BOEING CO	COM	097023105	18,931	130,927	SH		DFND	1	0	130,927	0
BOSTON SCIENTIFIC CORP	COM	101137107	8,235	446,572	SH		DFND	1	0	446,572	0
BRIGGS & STRATTON CORP	COM	109043109	770	44,500	SH		DFND	1	0	44,500	0
BRISTOL MYERS SQUIBB CO	COM	110122108	30,759	447,141	SH		DFND	1	0	447,141	0
BROADCOM CORP	CL A	111320107	11,711	202,535	SH		DFND	1	0	202,535	0
BROWN FORMAN CORP	CL B	115637209	2,274	22,900	SH		DFND	1	0	22,900	0
BUCKLE INC	COM	118440106	806	26,200	SH		DFND	1	0	26,200	0
CBS CORP NEW	CL B	124857202	2,726	57,849	SH		DFND	1	0	57,849	0
CBOE HLDGS INC	COM	12503M108	1,157	17,820	SH		DFND	1	0	17,820	0
C H ROBINSON WORLDWIDE INC	COM NEW	12541W209	874	14,100	SH		DFND	1	0	14,100	0
CME GROUP INC	COM	12572Q105	7,256	80,092	SH		DFND	1	0	80,092	0
CSX CORP	COM	126408103	3,165	121,959	SH		DFND	1	0	121,959	0
CVB FINL CORP	COM	126600105	1,484	87,700	SH		DFND	1	0	87,700	0
CVS HEALTH CORP	COM	126650100	15,782	161,416	SH		DFND	1	0	161,416	0
CAMPBELL SOUP CO	COM	134429109	5,206	99,074	SH		DFND	1	0	99,074	0
CAPITAL ONE FINL CORP	COM	14040H105	6,829	94,605	SH		DFND	1	0	94,605	0
CARDINAL HEALTH INC	COM	14149Y108	5,242	58,724	SH		DFND	1	0	58,724	0
CARMAX INC	COM	143130102	1,138	21,090	SH		DFND	1	0	21,090	0
CATERPILLAR INC DEL	COM	149123101	7,144	105,115	SH		DFND	1	0	105,115	0
CELGENE CORP	COM	151020104	11,894	99,313	SH		DFND	1	0	99,313	0
CHARTER COMMUNICATIONS INC D	CL A NEW	16117M305	3,279	17,907	SH		DFND	1	0	17,907	0
CHEMICAL FINL CORP	COM	163731102	1,138	33,200	SH		DFND	1	0	33,200	0
CHEVRON CORP NEW	COM	166764100	29,893	332,287	SH		DFND	1	0	332,287	0
CHICOS FAS INC	COM	168615102	754	70,700	SH		DFND	1	0	70,700	0
CHURCH & DWIGHT INC	COM	171340102	1,059	12,477	SH		DFND	1	0	12,477	0
CINEMARK HOLDINGS INC	COM	17243V102	996	29,800	SH		DFND	1	0	29,800	0
CISCO SYS INC	COM	17275R102	23,455	863,738	SH		DFND	1	0	863,738	0
CINTAS CORP	COM	172908105	2,450	26,913	SH		DFND	1	0	26,913	0
CITIGROUP INC	COM NEW	172967424	33,267	642,847	SH		DFND	1	0	642,847	0
CLOROX CO DEL	COM	189054109	3,042	23,987	SH		DFND	1	0	23,987	0
COCA COLA CO	COM	191216100	27,588	642,182	SH		DFND	1	0	642,182	0
COCA COLA ENTERPRISES INC NE	COM	19122T109	2,142	43,494	SH		DFND	1	0	43,494	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	4,762	79,333	SH		DFND	1	0	79,333	0
COLGATE PALMOLIVE CO	COM	194162103	10,142	152,232	SH		DFND	1	0	152,232	0
COMCAST CORP NEW	CL A	20030N101	15,707	278,343	SH		DFND	1	0	278,343	0
CONAGRA FOODS INC	COM	205887102	2,349	55,710	SH		DFND	1	0	55,710	0
CONOCOPHILLIPS	COM	20825C104	7,102	152,105	SH		DFND	1	0	152,105	0
CONSOLIDATED EDISON INC	COM	209115104	7,439	115,744	SH		DFND	1	0	115,744	0
CONSTELLATION BRANDS INC	CL A	21036P108	12,997	91,248	SH		DFND	1	0	91,248	0
CORNING INC	COM	219350105	3,844	210,295	SH		DFND	1	0	210,295	0
COSTCO WHSL CORP NEW	COM	22160K105	14,572	90,230	SH		DFND	1	0	90,230	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	2,524	29,193	SH		DFND	1	0	29,193	0
CULLEN FROST BANKERS INC	COM	229899109	810	13,500	SH		DFND	1	0	13,500	0
D R HORTON INC	COM	23331A109	3,488	108,901	SH		DFND	1	0	108,901	0
DANAHER CORP DEL	COM	235851102	14,423	155,283	SH		DFND	1	0	155,283	0
DEERE & CO	COM	244199105	4,344	56,950	SH		DFND	1	0	56,950	0
DELTA AIR LINES INC DEL	COM NEW	247361702	5,051	99,651	SH		DFND	1	0	99,651	0
DEVON ENERGY CORP NEW	COM	25179M103	3,449	107,794	SH		DFND	1	0	107,794	0
DISNEY WALT CO	COM DISNEY	254687106	34,735	330,561	SH		DFND	1	0	330,561	0
DISCOVER FINL SVCS	COM	254709108	2,987	55,700	SH		DFND	1	0	55,700	0
DOLLAR GEN CORP NEW	COM	256677105	1,647	22,922	SH		DFND	1	0	22,922	0
DOLLAR TREE INC	COM	256746108	2,186	28,308	SH		DFND	1	0	28,308	0
DOMINION RES INC VA NEW	COM	25746U109	6,656	98,400	SH		DFND	1	0	98,400	0
DONALDSON INC	COM	257651109	894	31,200	SH		DFND	1	0	31,200	0
DOVER CORP	COM	260003108	815	13,300	SH		DFND	1	0	13,300	0
DOW CHEM CO	COM	260543103	8,548	166,044	SH		DFND	1	0	166,044	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	6,028	64,676	SH		DFND	1	0	64,676	0
DU PONT E I DE NEMOURS & CO	COM	263534109	10,035	150,675	SH		DFND	1	0	150,675	0
E M C CORP MASS	COM	268648102	5,281	205,636	SH		DFND	1	0	205,636	0
EOG RES INC	COM	26875P101	5,867	82,882	SH		DFND	1	0	82,882	0
E TRADE FINANCIAL CORP	COM NEW	269246401	4,222	142,428	SH		DFND	1	0	142,428	0
EATON VANCE CORP	COM NON VTG	278265103	992	30,600	SH		DFND	1	0	30,600	0
ECOLAB INC	COM	278865100	6,691	58,498	SH		DFND	1	0	58,498	0
EDISON INTL	COM	281020107	4,415	74,563	SH		DFND	1	0	74,563	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	11,045	139,850	SH		DFND	1	0	139,850	0
ELECTRONIC ARTS INC	COM	285512109	6,497	94,547	SH		DFND	1	0	94,547	0
EMERSON ELEC CO	COM	291011104	10,019	209,474	SH		DFND	1	0	209,474	0
ENERGIZER HLDGS INC NEW	COM	29272W109	105	3,073	SH		DFND	1	0	3,073	0
EQUIFAX INC	COM	294429105	3,840	34,476	SH		DFND	1	0	34,476	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	3,609	44,232	SH		DFND	1	0	44,232	0
EXPEDIA INC DEL	COM NEW	30212P303	2,834	22,802	SH		DFND	1	0	22,802	0
EXPEDITORS INTL WASH INC	COM	302130109	1,089	24,157	SH		DFND	1	0	24,157	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	7,649	87,510	SH		DFND	1	0	87,510	0
EXXON MOBIL CORP	COM	30231G102	49,853	639,552	SH		DFND	1	0	639,552	0
FNB CORP PA	COM	302520101	1,186	88,900	SH		DFND	1	0	88,900	0
FACEBOOK INC	CL A	30303M102	34,546	330,079	SH		DFND	1	0	330,079	0
FEDEX CORP	COM	31428X106	4,906	32,931	SH		DFND	1	0	32,931	0
FIRST AMERN FINL CORP	COM	31847R102	1,012	28,200	SH		DFND	1	0	28,200	0
FIRST COMWLTH FINL CORP PA	COM	319829107	1,575	173,600	SH		DFND	1	0	173,600	0
FIRST INTST BANCSYSTEM INC	COM CL A	32055Y201	1,003	34,500	SH		DFND	1	0	34,500	0
FIRST NIAGARA FINL GP INC	COM	33582V108	1,599	147,400	SH		DFND	1	0	147,400	0
FIRST REP BK SAN FRANCISCO C	COM	33616C100	1,377	20,840	SH		DFND	1	0	20,840	0
FISERV INC	COM	337738108	14,489	158,420	SH		DFND	1	0	158,420	0
FIRSTMERIT CORP	COM	337915102	1,774	95,100	SH		DFND	1	0	95,100	0
FLEETCOR TECHNOLOGIES INC	COM	339041105	2,225	15,568	SH		DFND	1	0	15,568	0
FLUOR CORP NEW	COM	343412102	2,444	51,757	SH		DFND	1	0	51,757	0
FOOT LOCKER INC	COM	344849104	760	11,673	SH		DFND	1	0	11,673	0
FORD MTR CO DEL	COM PAR $0.01	345370860	7,726	548,319	SH		DFND	1	0	548,319	0
GATX CORP	COM	361448103	996	23,400	SH		DFND	1	0	23,400	0
GAMESTOP CORP NEW	CL A	36467W109	1,887	67,300	SH		DFND	1	0	67,300	0
GAP INC DEL	COM	364760108	687	27,800	SH		DFND	1	0	27,800	0
GENERAL DYNAMICS CORP	COM	369550108	6,916	50,347	SH		DFND	1	0	50,347	0
GENERAL ELECTRIC CO	COM	369604103	47,601	1,528,109	SH		DFND	1	0	1,528,109	0
GENERAL MLS INC	COM	370334104	6,845	118,718	SH		DFND	1	0	118,718	0
GENERAL MTRS CO	COM	37045V100	7,819	229,907	SH		DFND	1	0	229,907	0
GENUINE PARTS CO	COM	372460105	1,297	15,100	SH		DFND	1	0	15,100	0
GILEAD SCIENCES INC	COM	375558103	24,722	244,312	SH		DFND	1	0	244,312	0
GLACIER BANCORP INC NEW	COM	37637Q105	1,011	38,100	SH		DFND	1	0	38,100	0
GOLDMAN SACHS GROUP INC	COM	38141G104	8,806	48,858	SH		DFND	1	0	48,858	0
GOODYEAR TIRE & RUBR CO	COM	382550101	3,774	115,532	SH		DFND	1	0	115,532	0
GRAINGER W W INC	COM	384802104	912	4,500	SH		DFND	1	0	4,500	0
HCA HOLDINGS INC	COM	40412C101	7,476	110,537	SH		DFND	1	0	110,537	0
HP INC	COM	40434L105	1,312	110,800	SH		DFND	1	0	110,800	0
HALLIBURTON CO	COM	406216101	6,421	188,637	SH		DFND	1	0	188,637	0
HANCOCK HLDG CO	COM	410120109	1,221	48,500	SH		DFND	1	0	48,500	0
HARLEY DAVIDSON INC	COM	412822108	944	20,800	SH		DFND	1	0	20,800	0
HASBRO INC	COM	418056107	1,644	24,400	SH		DFND	1	0	24,400	0
HERSHEY CO	COM	427866108	3,027	33,910	SH		DFND	1	0	33,910	0
HERTZ GLOBAL HOLDINGS INC	COM	42805T105	884	62,126	SH		DFND	1	0	62,126	0
HOME DEPOT INC	COM	437076102	39,868	301,457	SH		DFND	1	0	301,457	0
HONEYWELL INTL INC	COM	438516106	24,386	235,456	SH		DFND	1	0	235,456	0
HUNT J B TRANS SVCS INC	COM	445658107	1,185	16,150	SH		DFND	1	0	16,150	0
IDACORP INC	COM	451107106	1,734	25,500	SH		DFND	1	0	25,500	0
ILLINOIS TOOL WKS INC	COM	452308109	6,150	66,361	SH		DFND	1	0	66,361	0
ILLUMINA INC	COM	452327109	8,428	43,907	SH		DFND	1	0	43,907	0
INTEL CORP	COM	458140100	25,675	745,295	SH		DFND	1	0	745,295	0
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	10,283	40,128	SH		DFND	1	0	40,128	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	15,577	113,186	SH		DFND	1	0	113,186	0
ISHARES	MSCI EURZONE ETF	464286608	443	12,646	SH		DFND		0	12,646	0
ISHARES	MSCI TAIWAN ETF	464286731	30,059	2,354,052	SH		DFND	1	0	2,354,052	0
ISHARES	MSCI MEX CAP ETF	464286822	4,860	97,538	SH		DFND	1	0	97,538	0
JPMORGAN CHASE & CO	COM	46625H100	51,905	786,085	SH		DFND	1	0	786,085	0
JOHNSON & JOHNSON	COM	478160104	125	1,220	SH		DFND		0	1,220	0
JOHNSON & JOHNSON	COM	478160104	52,469	510,798	SH		DFND	1	0	512,018	0
JOHNSON CTLS INC	COM	478366107	861	21,800	SH		DFND	1	0	21,800	0
JOY GLOBAL INC	COM	481165108	1,057	83,820	SH		DFND	1	0	83,820	0
KANSAS CITY SOUTHERN	COM NEW	485170302	1,128	15,100	SH		DFND	1	0	15,100	0
KELLOGG CO	COM	487836108	2,299	31,808	SH		DFND	1	0	31,808	0
KIMBERLY CLARK CORP	COM	494368103	7,219	56,712	SH		DFND	1	0	56,712	0
KINDER MORGAN INC DEL	COM	49456B101	3,873	259,575	SH		DFND	1	0	259,575	0
KRAFT HEINZ CO	COM	500754106	6,068	83,400	SH		DFND	1	0	83,400	0
KROGER CO	COM	501044101	11,126	265,982	SH		DFND	1	0	265,982	0
L BRANDS INC	COM	501797104	3,682	38,425	SH		DFND	1	0	38,425	0
LAS VEGAS SANDS CORP	COM	517834107	2,258	51,498	SH		DFND	1	0	51,498	0
LAUDER ESTEE COS INC	CL A	518439104	2,561	29,080	SH		DFND	1	0	29,080	0
LENNAR CORP	CL A	526057104	546	11,167	SH		DFND	1	0	11,167	0
LILLY ELI & CO	COM	532457108	13,773	163,462	SH		DFND	1	0	163,462	0
LINKEDIN CORP	COM CL A	53578A108	6,973	30,982	SH		DFND	1	0	30,982	0
LOCKHEED MARTIN CORP	COM	539830109	17,350	79,898	SH		DFND	1	0	79,898	0
LOWES COS INC	COM	548661107	6,873	90,391	SH		DFND	1	0	90,391	0
MSA SAFETY INC	COM	553498106	984	22,628	SH		DFND	1	0	22,628	0
MACYS INC	COM	55616P104	1,482	42,377	SH		DFND	1	0	42,377	0
MANHATTAN ASSOCS INC	COM	562750109	726	10,970	SH		DFND	1	0	10,970	0
MANPOWERGROUP INC	COM	56418H100	3,235	38,383	SH		DFND	1	0	38,383	0
MARATHON PETE CORP	COM	56585A102	9,922	191,391	SH		DFND	1	0	191,391	0
MARSH & MCLENNAN COS INC	COM	571748102	10,320	186,107	SH		DFND	1	0	186,107	0
MARRIOTT INTL INC NEW	CL A	571903202	3,381	50,436	SH		DFND	1	0	50,436	0
MASCO CORP	COM	574599106	11,512	406,782	SH		DFND	1	0	406,782	0
MASTERCARD INC	CL A	57636Q104	12,972	133,238	SH		DFND	1	0	133,238	0
MATTEL INC	COM	577081102	2,520	92,739	SH		DFND	1	0	92,739	0
MCDONALDS CORP	COM	580135101	24,166	204,558	SH		DFND	1	0	204,558	0
MCGRAW HILL FINL INC	COM	580645109	2,583	26,206	SH		DFND	1	0	26,206	0
MCKESSON CORP	COM	58155Q103	8,367	42,423	SH		DFND	1	0	42,423	0
MEAD JOHNSON NUTRITION CO	COM	582839106	2,423	30,696	SH		DFND	1	0	30,696	0
MERCK & CO INC NEW	COM	58933Y105	20,946	396,558	SH		DFND	1	0	396,558	0
METLIFE INC	COM	59156R108	7,851	162,854	SH		DFND	1	0	162,854	0
MICROSOFT CORP	COM	594918104	64,714	1,166,445	SH		DFND	1	0	1,166,445	0
MOLSON COORS BREWING CO	CL B	60871R209	3,843	40,921	SH		DFND	1	0	40,921	0
MONDELEZ INTL INC	CL A	609207105	11,475	255,915	SH		DFND	1	0	255,915	0
MONSANTO CO NEW	COM	61166W101	5,532	56,150	SH		DFND	1	0	56,150	0
MONSTER BEVERAGE CORP NEW	COM	61174X109	3,587	24,078	SH		DFND	1	0	24,078	0
MOODYS CORP	COM	615369105	5,563	55,437	SH		DFND	1	0	55,437	0
MORGAN STANLEY	COM NEW	617446448	5,755	180,919	SH		DFND	1	0	180,919	0
MOSAIC CO NEW	COM	61945C103	1,073	38,890	SH		DFND	1	0	38,890	0
NETAPP INC	COM	64110D104	931	35,100	SH		DFND	1	0	35,100	0
NETFLIX INC	COM	64110L106	7,040	61,551	SH		DFND	1	0	61,551	0
NEWELL RUBBERMAID INC	COM	651229106	8,743	198,335	SH		DFND	1	0	198,335	0
NEWFIELD EXPL CO	COM	651290108	6,577	202,005	SH		DFND	1	0	202,005	0
NEWMONT MINING CORP	COM	651639106	1,362	75,720	SH		DFND	1	0	75,720	0
NIKE INC	CL B	654106103	17,026	272,420	SH		DFND	1	0	272,420	0
NORDSTROM INC	COM	655664100	747	15,000	SH		DFND	1	0	15,000	0
NORFOLK SOUTHERN CORP	COM	655844108	2,790	32,985	SH		DFND	1	0	32,985	0
NORTHERN TR CORP	COM	665859104	6,367	88,325	SH		DFND	1	0	88,325	0
NORTHROP GRUMMAN CORP	COM	666807102	11,652	61,715	SH		DFND	1	0	61,715	0
O REILLY AUTOMOTIVE INC NEW	COM	67103H107	5,489	21,661	SH		DFND	1	0	21,661	0
OCCIDENTAL PETE CORP DEL	COM	674599105	8,596	127,142	SH		DFND	1	0	127,142	0
OCEANEERING INTL INC	COM	675232102	713	19,000	SH		DFND	1	0	19,000	0
OLD NATL BANCORP IND	COM	680033107	1,532	113,000	SH		DFND	1	0	113,000	0
OMNICOM GROUP INC	COM	681919106	5,159	68,193	SH		DFND	1	0	68,193	0
ORACLE CORP	COM	68389X105	20,038	548,538	SH		DFND	1	0	548,538	0
OWENS & MINOR INC NEW	COM	690732102	1,076	29,900	SH		DFND	1	0	29,900	0
PG&E CORP	COM	69331C108	3,396	63,840	SH		DFND	1	0	63,840	0
PNC FINL SVCS GROUP INC	COM	693475105	7,186	75,392	SH		DFND	1	0	75,392	0
PNM RES INC	COM	69349H107	1,608	52,600	SH		DFND	1	0	52,600	0
PPG INDS INC	COM	693506107	195	1,970	SH		DFND		0	1,970	0
PPG INDS INC	COM	693506107	3,230	32,690	SH		DFND	1	0	32,690	0
PACKAGING CORP AMER	COM	695156109	1,040	16,500	SH		DFND	1	0	16,500	0
PALO ALTO NETWORKS INC	COM	697435105	3,576	20,304	SH		DFND	1	0	20,304	0
PARKER HANNIFIN CORP	COM	701094104	941	9,700	SH		DFND	1	0	9,700	0
PAYPAL HLDGS INC	COM	70450Y103	1,385	38,270	SH		DFND	1	0	38,270	0
PEPSICO INC	COM	713448108	24,215	242,343	SH		DFND	1	0	242,343	0
PFIZER INC	COM	717081103	34,075	1,055,607	SH		DFND	1	0	1,055,607	0
PHILIP MORRIS INTL INC	COM	718172109	17,569	199,848	SH		DFND	1	0	199,848	0
PHILLIPS 66	COM	718546104	11,328	138,481	SH		DFND	1	0	138,481	0
PIONEER NAT RES CO	COM	723787107	10,458	83,407	SH		DFND	1	0	83,407	0
PORTLAND GEN ELEC CO	COM NEW	736508847	1,415	38,900	SH		DFND	1	0	38,900	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	35,686	319,021	SH		DFND	1	0	319,021	0
PRAXAIR INC	COM	74005P104	5,567	54,363	SH		DFND	1	0	54,363	0
PRICE T ROWE GROUP INC	COM	74144T108	3,412	47,724	SH		DFND	1	0	47,724	0
PRICELINE GRP INC	COM NEW	741503403	9,493	7,446	SH		DFND	1	0	7,446	0
PRINCIPAL FINL GROUP INC	COM	74251V102	1,327	29,500	SH		DFND	1	0	29,500	0
PROCTER & GAMBLE CO	COM	742718109	32,772	412,698	SH		DFND	1	0	412,698	0
PROGRESSIVE CORP OHIO	COM	743315103	7,163	225,266	SH		DFND	1	0	225,266	0
PRUDENTIAL FINL INC	COM	744320102	6,759	83,029	SH		DFND	1	0	83,029	0
QUALCOMM INC	COM	747525103	11,506	230,180	SH		DFND	1	0	230,180	0
RPM INTL INC	COM	749685103	886	20,100	SH		DFND	1	0	20,100	0
RAYTHEON CO	COM NEW	755111507	9,869	79,250	SH		DFND	1	0	79,250	0
REGENERON PHARMACEUTICALS	COM	75886F107	10,350	19,065	SH		DFND	1	0	19,065	0
RELIANCE STEEL & ALUMINUM CO	COM	759509102	961	16,600	SH		DFND	1	0	16,600	0
REYNOLDS AMERICAN INC	COM	761713106	15,107	327,347	SH		DFND	1	0	327,347	0
ROCKWELL AUTOMATION INC	COM	773903109	934	9,100	SH		DFND	1	0	9,100	0
ROSS STORES INC	COM	778296103	3,000	55,752	SH		DFND	1	0	55,752	0
RYDER SYS INC	COM	783549108	779	13,700	SH		DFND	1	0	13,700	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	16,198	79,255	SH		DFND	1	0	79,255	0
SALESFORCE COM INC	COM	79466L302	14,992	191,229	SH		DFND	1	0	191,229	0
SCHWAB CHARLES CORP NEW	COM	808513105	10,065	305,639	SH		DFND	1	0	305,639	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	2,272	52,207	SH		DFND		0	52,207	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	2,767	38,334	SH		DFND		0	38,334	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	3,227	41,194	SH		DFND		0	41,194	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	3,966	65,609	SH		DFND		0	65,609	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	1,394	58,360	SH		DFND		0	58,360	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	3,566	67,129	SH		DFND		0	67,129	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	1,336	31,130	SH		DFND		0	31,130	0
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	2,013	46,417	SH		DFND		0	46,417	0
SELECT MED HLDGS CORP	COM	81619Q105	1,366	114,700	SH		DFND	1	0	114,700	0
SERVICENOW INC	COM	81762P102	1,722	19,890	SH		DFND	1	0	19,890	0
SHERWIN WILLIAMS CO	COM	824348106	2,544	9,800	SH		DFND	1	0	9,800	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	1,034	6,740	SH		DFND	1	0	6,740	0
SIMON PPTY GROUP INC NEW	COM	828806109	15,911	81,829	SH		DFND	1	0	81,829	0
SKYWORKS SOLUTIONS INC	COM	83088M102	3,806	49,540	SH		DFND	1	0	49,540	0
SMUCKER J M CO	COM NEW	832696405	3,235	26,230	SH		DFND	1	0	26,230	0
SNAP ON INC	COM	833034101	13,910	81,140	SH		DFND	1	0	81,140	0
SONOCO PRODS CO	COM	835495102	1,349	33,000	SH		DFND	1	0	33,000	0
SOUTHERN CO	COM	842587107	5,054	108,010	SH		DFND	1	0	108,010	0
SOUTHWEST AIRLS CO	COM	844741108	466	10,830	SH		DFND	1	0	10,830	0
SOUTHWEST GAS CORP	COM	844895102	1,440	26,100	SH		DFND	1	0	26,100	0
SPECTRA ENERGY CORP	COM	847560109	1,908	79,709	SH		DFND	1	0	79,709	0
STANLEY BLACK & DECKER INC	COM	854502101	2,432	22,790	SH		DFND	1	0	22,790	0
STARBUCKS CORP	COM	855244109	19,444	323,907	SH		DFND	1	0	323,907	0
STEEL DYNAMICS INC	COM	858119100	1,281	71,700	SH		DFND	1	0	71,700	0
STRYKER CORP	COM	863667101	3,029	32,595	SH		DFND	1	0	32,595	0
SUNTRUST BKS INC	COM	867914103	5,117	119,449	SH		DFND	1	0	119,449	0
SYSCO CORP	COM	871829107	6,979	170,228	SH		DFND	1	0	170,228	0
TJX COS INC NEW	COM	872540109	11,565	163,092	SH		DFND	1	0	163,092	0
T MOBILE US INC	COM	872590104	1,417	36,234	SH		DFND	1	0	36,234	0
TARGET CORP	COM	87612E106	6,857	94,434	SH		DFND	1	0	94,434	0
TESORO CORP	COM	881609101	6,643	63,043	SH		DFND	1	0	63,043	0
TEXAS INSTRS INC	COM	882508104	7,110	129,713	SH		DFND	1	0	129,713	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	14,027	98,884	SH		DFND	1	0	98,884	0
3M CO	COM	88579Y101	19,855	131,803	SH		DFND	1	0	131,803	0
TIME WARNER INC	COM NEW	887317303	4,429	68,491	SH		DFND	1	0	68,491	0
TIME WARNER CABLE INC	COM	88732J207	6,979	37,603	SH		DFND	1	0	37,603	0
TOLL BROTHERS INC	COM	889478103	649	19,485	SH		DFND	1	0	19,485	0
TUPPERWARE BRANDS CORP	COM	899896104	2,159	38,800	SH		DFND	1	0	38,800	0
TWENTY FIRST CENTY FOX INC	CL A	90130A101	3,347	123,251	SH		DFND	1	0	123,251	0
TWITTER INC	COM	90184L102	4,444	192,045	SH		DFND	1	0	192,045	0
TYSON FOODS INC	CL A	902494103	2,044	38,333	SH		DFND	1	0	38,333	0
US BANCORP DEL	COM NEW	902973304	10,436	244,564	SH		DFND	1	0	244,564	0
ULTA SALON COSMETCS & FRAG I	COM	90384S303	5,552	30,011	SH		DFND	1	0	30,011	0
UMPQUA HLDGS CORP	COM	904214103	1,286	80,900	SH		DFND	1	0	80,900	0
UNDER ARMOUR INC	CL A	904311107	1,900	23,573	SH		DFND	1	0	23,573	0
UNION PAC CORP	COM	907818108	9,964	127,421	SH		DFND	1	0	127,421	0
UNITED PARCEL SERVICE INC	CL B	911312106	8,746	90,883	SH		DFND	1	0	90,883	0
UNITED TECHNOLOGIES CORP	COM	913017109	11,370	118,351	SH		DFND	1	0	118,351	0
UNITEDHEALTH GROUP INC	COM	91324P102	9,852	83,745	SH		DFND	1	0	83,745	0
VALERO ENERGY CORP NEW	COM	91913Y100	16,249	229,804	SH		DFND	1	0	229,804	0
VERIZON COMMUNICATIONS INC	COM	92343V104	28,003	605,860	SH		DFND	1	0	605,860	0
VERISK ANALYTICS INC	COM	92345Y106	1,334	17,346	SH		DFND	1	0	17,346	0
VIACOM INC NEW	CL B	92553P201	1,546	37,550	SH		DFND	1	0	37,550	0
VISA INC	COM CL A	92826C839	37,062	477,907	SH		DFND	1	0	477,907	0
VOYA FINL INC	COM	929089100	1,162	31,491	SH		DFND	1	0	31,491	0
WADDELL & REED FINL INC	CL A	930059100	1,814	63,300	SH		DFND	1	0	63,300	0
WAL-MART STORES INC	COM	931142103	20,302	331,192	SH		DFND	1	0	331,192	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	7,917	92,971	SH		DFND	1	0	92,971	0
WASTE MGMT INC DEL	COM	94106L109	9,039	169,359	SH		DFND	1	0	169,359	0
WATSCO INC	COM	942622200	1,230	10,500	SH		DFND	1	0	10,500	0
WELLS FARGO & CO NEW	COM	949746101	45,636	839,512	SH		DFND	1	0	839,512	0
WESTERN UN CO	COM	959802109	1,388	77,500	SH		DFND	1	0	77,500	0
WHOLE FOODS MKT INC	COM	966837106	3,849	114,908	SH		DFND	1	0	114,908	0
WILEY JOHN & SONS INC	CL A	968223206	892	19,800	SH		DFND	1	0	19,800	0
YUM BRANDS INC	COM	988498101	1,140	15,600	SH		DFND	1	0	15,600	0
ZOETIS INC	CL A	98978V103	12,325	257,193	SH		DFND	1	0	257,193	0