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
AFLAC INC	COM	001055102	7,835	108,574	SH		DFND	1	0	108,574	0
AT&T INC	COM	00206R102	36,662	848,471	SH		DFND	1	0	848,471	0
ABBOTT LABS	COM	002824100	7,931	201,753	SH		DFND	1	0	201,753	0
ABBVIE INC	COM	00287Y109	13,551	218,878	SH		DFND	1	0	218,878	0
ACTIVISION BLIZZARD INC	COM	00507V109	6,251	157,728	SH		DFND	1	0	157,728	0
ADOBE SYS INC	COM	00724F101	19,172	200,150	SH		DFND	1	0	200,150	0
AETNA INC NEW	COM	00817Y108	5,769	47,236	SH		DFND	1	0	47,236	0
AGILENT TECHNOLOGIES INC	COM	00846U101	3,891	87,716	SH		DFND	1	0	87,716	0
AIR PRODS & CHEMS INC	COM	009158106	5,228	36,805	SH		DFND	1	0	36,805	0
AKORN INC	COM	009728106	93	3,279	SH		DFND	1	0	3,279	0
ALCOA INC	COM	013817101	108	11,686	SH		DFND	1	0	11,686	0
ALEXION PHARMACEUTICALS INC	COM	015351109	2,678	22,936	SH		DFND	1	0	22,936	0
ALLSTATE CORP	COM	020002101	5,358	76,599	SH		DFND	1	0	76,599	0
ALPHABET INC	CAP STK CL C	02079K107	30,443	43,987	SH		DFND	1	0	43,987	0
ALPHABET INC	CAP STK CL A	02079K305	35,104	49,897	SH		DFND	1	0	49,897	0
ALTRIA GROUP INC	COM	02209S103	19,532	283,231	SH		DFND	1	0	283,231	0
AMAZON COM INC	COM	023135106	41,705	58,278	SH		DFND	1	0	58,278	0
AMERICAN AIRLS GROUP INC	COM	02376R102	429	15,140	SH		DFND	1	0	15,140	0
AMERICAN ELEC PWR INC	COM	025537101	3,928	56,048	SH		DFND	1	0	56,048	0
AMERICAN EXPRESS CO	COM	025816109	8,982	147,824	SH		DFND	1	0	147,824	0
AMERICAN INTL GROUP INC	COM NEW	026874784	14,508	274,303	SH		DFND	1	0	274,303	0
AMERICAN TOWER CORP NEW	COM	03027X100	9,598	84,486	SH		DFND	1	0	84,486	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	3,074	36,380	SH		DFND	1	0	36,380	0
AMERISOURCEBERGEN CORP	COM	03073E105	2,499	31,507	SH		DFND	1	0	31,507	0
AMERIPRISE FINL INC	COM	03076C106	4,186	46,588	SH		DFND	1	0	46,588	0
AMGEN INC	COM	031162100	16,554	108,801	SH		DFND	1	0	108,801	0
ANADARKO PETE CORP	COM	032511107	1,866	35,051	SH		DFND	1	0	35,051	0
ANALOG DEVICES INC	COM	032654105	2,733	48,247	SH		DFND	1	0	48,247	0
ANTHEM INC	COM	036752103	4,679	35,624	SH		DFND	1	0	35,624	0
APPLE INC	COM	037833100	81,699	854,588	SH		DFND	1	0	854,588	0
APPLIED INDL TECHNOLOGIES IN	COM	03820C105	1,327	29,400	SH		DFND	1	0	29,400	0
APPLIED MATLS INC	COM	038222105	3,587	149,644	SH		DFND	1	0	149,644	0
ARCHER DANIELS MIDLAND CO	COM	039483102	4,041	94,217	SH		DFND	1	0	94,217	0
ASHLAND INC NEW	COM	044209104	1,800	15,680	SH		DFND	1	0	15,680	0
ATMOS ENERGY CORP	COM	049560105	1,098	13,500	SH		DFND	1	0	13,500	0
AUTODESK INC	COM	052769106	1,508	27,862	SH		DFND	1	0	27,862	0
AUTOLIV INC	COM	052800109	1,204	11,202	SH		DFND	1	0	11,202	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	6,428	69,970	SH		DFND	1	0	69,970	0
AUTOZONE INC	COM	053332102	4,643	5,849	SH		DFND	1	0	5,849	0
AVALONBAY CMNTYS INC	COM	053484101	2,481	13,755	SH		DFND	1	0	13,755	0
BB&T CORP	COM	054937107	3,871	108,713	SH		DFND	1	0	108,713	0
BAKER HUGHES INC	COM	057224107	2,618	58,011	SH		DFND	1	0	58,011	0
BANK AMER CORP	COM	060505104	19,945	1,502,979	SH		DFND	1	0	1,502,979	0
BANK NEW YORK MELLON CORP	COM	064058100	7,157	184,212	SH		DFND	1	0	184,212	0
BARD C R INC	COM	067383109	2,428	10,325	SH		DFND	1	0	10,325	0
BAXTER INTL INC	COM	071813109	4,197	92,814	SH		DFND	1	0	92,814	0
BECTON DICKINSON & CO	COM	075887109	4,740	27,950	SH		DFND	1	0	27,950	0
BEMIS INC	COM	081437105	927	18,000	SH		DFND	1	0	18,000	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	30,593	141	SH		DFND	1	0	141	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	6,067	41,900	SH		DFND	1	0	41,900	0
BIOGEN INC	COM	09062X103	8,291	34,286	SH		DFND	1	0	34,286	0
BLACKROCK INC	COM	09247X101	5,700	16,641	SH		DFND	1	0	16,641	0
BLOCK H & R INC	COM	093671105	737	32,055	SH		DFND	1	0	32,055	0
BOEING CO	COM	097023105	12,560	96,714	SH		DFND	1	0	96,714	0
BOSTON SCIENTIFIC CORP	COM	101137107	12,184	521,369	SH		DFND	1	0	521,369	0
BRIGGS & STRATTON CORP	COM	109043109	943	44,500	SH		DFND	1	0	44,500	0
BRISTOL MYERS SQUIBB CO	COM	110122108	22,854	310,725	SH		DFND	1	0	310,725	0
BROWN & BROWN INC	COM	115236101	1,093	29,161	SH		DFND	1	0	29,161	0
BUCKLE INC	COM	118440106	681	26,200	SH		DFND	1	0	26,200	0
CBS CORP NEW	CL B	124857202	3,252	59,736	SH		DFND	1	0	59,736	0
C H ROBINSON WORLDWIDE INC	COM NEW	12541W209	1,047	14,100	SH		DFND	1	0	14,100	0
CIGNA CORPORATION	COM	125509109	5,054	39,484	SH		DFND	1	0	39,484	0
CME GROUP INC	COM	12572Q105	4,284	43,979	SH		DFND	1	0	43,979	0
CMS ENERGY CORP	COM	125896100	3,347	72,990	SH		DFND	1	0	72,990	0
CSX CORP	COM	126408103	3,187	122,190	SH		DFND	1	0	122,190	0
CVS HEALTH CORP	COM	126650100	15,175	158,499	SH		DFND	1	0	158,499	0
CABOT OIL & GAS CORP	COM	127097103	3,610	140,248	SH		DFND	1	0	140,248	0
CAMPBELL SOUP CO	COM	134429109	1,471	22,108	SH		DFND	1	0	22,108	0
CAPITAL ONE FINL CORP	COM	14040H105	7,117	112,066	SH		DFND	1	0	112,066	0
CARDINAL HEALTH INC	COM	14149Y108	5,094	65,297	SH		DFND	1	0	65,297	0
CARMAX INC	COM	143130102	1,865	38,040	SH		DFND	1	0	38,040	0
CARNIVAL CORP	UNIT 99/99/9999	143658300	4,552	102,990	SH		DFND	1	0	102,990	0
CATERPILLAR INC DEL	COM	149123101	6,098	80,440	SH		DFND	1	0	80,440	0
CATO CORP NEW	CL A	149205106	1,196	31,700	SH		DFND	1	0	31,700	0
CELGENE CORP	COM	151020104	11,073	112,271	SH		DFND	1	0	112,271	0
CERNER CORP	COM	156782104	3,122	53,281	SH		DFND	1	0	53,281	0
CHARTER COMMUNICATIONS INC N	CL A	16119P108	8,660	37,876	SH		DFND	1	0	37,876	0
CHEVRON CORP NEW	COM	166764100	40,346	384,872	SH		DFND	1	0	384,872	0
CHICOS FAS INC	COM	168615102	757	70,700	SH		DFND	1	0	70,700	0
CHIPOTLE MEXICAN GRILL INC	COM	169656105	1,719	4,267	SH		DFND	1	0	4,267	0
CHURCH & DWIGHT INC	COM	171340102	1,158	11,258	SH		DFND	1	0	11,258	0
CINCINNATI FINL CORP	COM	172062101	2,741	36,606	SH		DFND	1	0	36,606	0
CINEMARK HOLDINGS INC	COM	17243V102	1,087	29,800	SH		DFND	1	0	29,800	0
CISCO SYS INC	COM	17275R102	23,130	806,213	SH		DFND	1	0	806,213	0
CINTAS CORP	COM	172908105	2,681	27,321	SH		DFND	1	0	27,321	0
CITIGROUP INC	COM NEW	172967424	16,923	399,232	SH		DFND	1	0	399,232	0
CITRIX SYS INC	COM	177376100	2,328	29,067	SH		DFND	1	0	29,067	0
CLOROX CO DEL	COM	189054109	1,363	9,852	SH		DFND	1	0	9,852	0
COACH INC	COM	189754104	2,216	54,385	SH		DFND	1	0	54,385	0
COCA COLA CO	COM	191216100	25,102	553,770	SH		DFND	1	0	553,770	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	7,774	135,820	SH		DFND	1	0	135,820	0
COLGATE PALMOLIVE CO	COM	194162103	11,131	152,058	SH		DFND	1	0	152,058	0
COMCAST CORP NEW	CL A	20030N101	24,907	382,064	SH		DFND	1	0	382,064	0
COMERICA INC	COM	200340107	1,070	26,012	SH		DFND	1	0	26,012	0
CONAGRA FOODS INC	COM	205887102	4,811	100,633	SH		DFND	1	0	100,633	0
CONOCOPHILLIPS	COM	20825C104	7,090	162,616	SH		DFND	1	0	162,616	0
CONSOLIDATED EDISON INC	COM	209115104	3,488	43,366	SH		DFND	1	0	43,366	0
CONSTELLATION BRANDS INC	CL A	21036P108	11,674	70,583	SH		DFND	1	0	70,583	0
CORNING INC	COM	219350105	2,911	142,132	SH		DFND	1	0	142,132	0
COSTCO WHSL CORP NEW	COM	22160K105	9,322	59,362	SH		DFND	1	0	59,362	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	2,186	21,555	SH		DFND	1	0	21,555	0
CUMMINS INC	COM	231021106	3,273	29,111	SH		DFND	1	0	29,111	0
D R HORTON INC	COM	23331A109	3,441	109,297	SH		DFND	1	0	109,297	0
DANAHER CORP DEL	COM	235851102	15,439	152,866	SH		DFND	1	0	152,866	0
DAVITA HEALTHCARE PARTNERS I	COM	23918K108	3,049	39,438	SH		DFND	1	0	39,438	0
DEERE & CO	COM	244199105	3,362	41,488	SH		DFND	1	0	41,488	0
DELTA AIR LINES INC DEL	COM NEW	247361702	2,189	60,100	SH		DFND	1	0	60,100	0
DENTSPLY SIRONA INC	COM	24906P109	956	15,415	SH		DFND	1	0	15,415	0
DEVON ENERGY CORP NEW	COM	25179M103	3,535	97,512	SH		DFND	1	0	97,512	0
DISNEY WALT CO	COM DISNEY	254687106	24,556	251,033	SH		DFND	1	0	251,033	0
DISCOVER FINL SVCS	COM	254709108	3,807	71,048	SH		DFND	1	0	71,048	0
DOLLAR GEN CORP NEW	COM	256677105	5,607	59,645	SH		DFND	1	0	59,645	0
DOLLAR TREE INC	COM	256746108	2,950	31,302	SH		DFND	1	0	31,302	0
DOMINION RES INC VA NEW	COM	25746U109	3,802	48,788	SH		DFND	1	0	48,788	0
DOW CHEM CO	COM	260543103	8,369	168,363	SH		DFND	1	0	168,363	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	4,531	46,890	SH		DFND	1	0	46,890	0
DU PONT E I DE NEMOURS & CO	COM	263534109	8,530	131,638	SH		DFND	1	0	131,638	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	10,700	124,723	SH		DFND	1	0	124,723	0
E M C CORP MASS	COM	268648102	8,122	298,917	SH		DFND	1	0	298,917	0
EOG RES INC	COM	26875P101	6,092	73,026	SH		DFND	1	0	73,026	0
EASTMAN CHEM CO	COM	277432100	957	14,100	SH		DFND	1	0	14,100	0
EBAY INC	COM	278642103	2,907	124,175	SH		DFND	1	0	124,175	0
ECOLAB INC	COM	278865100	9,588	80,841	SH		DFND	1	0	80,841	0
EDISON INTL	COM	281020107	5,048	64,991	SH		DFND	1	0	64,991	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	2,668	26,754	SH		DFND	1	0	26,754	0
ELECTRONIC ARTS INC	COM	285512109	3,508	46,301	SH		DFND	1	0	46,301	0
EMERSON ELEC CO	COM	291011104	8,413	161,292	SH		DFND	1	0	161,292	0
ENERGIZER HLDGS INC NEW	COM	29272W109	162	3,143	SH		DFND	1	0	3,143	0
EQUIFAX INC	COM	294429105	3,245	25,274	SH		DFND	1	0	25,274	0
EQUINIX INC	COM PAR $0.001	29444U700	7,633	19,687	SH		DFND	1	0	19,687	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	2,359	34,254	SH		DFND	1	0	34,254	0
EXELON CORP	COM	30161N101	5,916	162,711	SH		DFND	1	0	162,711	0
EXPEDIA INC DEL	COM NEW	30212P303	1,673	15,735	SH		DFND	1	0	15,735	0
EXPEDITORS INTL WASH INC	COM	302130109	1,214	24,759	SH		DFND	1	0	24,759	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	6,635	87,531	SH		DFND	1	0	87,531	0
EXXON MOBIL CORP	COM	30231G102	65,276	696,349	SH		DFND	1	0	696,349	0
FNB CORP PA	COM	302520101	1,115	88,900	SH		DFND	1	0	88,900	0
FACEBOOK INC	CL A	30303M102	43,966	384,725	SH		DFND	1	0	384,725	0
FEDEX CORP	COM	31428X106	5,445	35,875	SH		DFND	1	0	35,875	0
FIDELITY NATL INFORMATION SV	COM	31620M106	4,443	60,300	SH		DFND	1	0	60,300	0
FIRST REP BK SAN FRANCISCO C	COM	33616C100	2,531	36,160	SH		DFND	1	0	36,160	0
FISERV INC	COM	337738108	11,256	103,518	SH		DFND	1	0	103,518	0
FLEETCOR TECHNOLOGIES INC	COM	339041105	1,254	8,762	SH		DFND	1	0	8,762	0
FLUOR CORP NEW	COM	343412102	913	18,533	SH		DFND	1	0	18,533	0
FOOT LOCKER INC	COM	344849104	1,075	19,600	SH		DFND	1	0	19,600	0
FORD MTR CO DEL	COM PAR $0.01	345370860	7,693	612,014	SH		DFND	1	0	612,014	0
FREEPORT-MCMORAN INC	CL B	35671D857	4,122	369,983	SH		DFND	1	0	369,983	0
GATX CORP	COM	361448103	1,029	23,400	SH		DFND	1	0	23,400	0
GAMESTOP CORP NEW	CL A	36467W109	1,789	67,300	SH		DFND	1	0	67,300	0
GAP INC DEL	COM	364760108	1,657	78,100	SH		DFND	1	0	78,100	0
GENERAL DYNAMICS CORP	COM	369550108	4,409	31,663	SH		DFND	1	0	31,663	0
GENERAL ELECTRIC CO	COM	369604103	42,725	1,357,210	SH		DFND	1	0	1,357,210	0
GENERAL MLS INC	COM	370334104	8,886	124,593	SH		DFND	1	0	124,593	0
GENERAL MTRS CO	COM	37045V100	5,770	203,871	SH		DFND	1	0	203,871	0
GENUINE PARTS CO	COM	372460105	1,529	15,100	SH		DFND	1	0	15,100	0
GILEAD SCIENCES INC	COM	375558103	18,953	227,199	SH		DFND	1	0	227,199	0
GLATFELTER	COM	377316104	962	49,200	SH		DFND	1	0	49,200	0
GOLDMAN SACHS GROUP INC	COM	38141G104	14,373	96,734	SH		DFND	1	0	96,734	0
GOODYEAR TIRE & RUBR CO	COM	382550101	1,430	55,741	SH		DFND	1	0	55,741	0
HCA HOLDINGS INC	COM	40412C101	3,296	42,801	SH		DFND	1	0	42,801	0
HP INC	COM	40434L105	4,353	346,864	SH		DFND	1	0	346,864	0
HALLIBURTON CO	COM	406216101	5,394	119,098	SH		DFND	1	0	119,098	0
HANCOCK HLDG CO	COM	410120109	1,266	48,500	SH		DFND	1	0	48,500	0
HARLEY DAVIDSON INC	COM	412822108	942	20,800	SH		DFND	1	0	20,800	0
HASBRO INC	COM	418056107	2,049	24,400	SH		DFND	1	0	24,400	0
HERSHEY CO	COM	427866108	2,736	24,106	SH		DFND	1	0	24,106	0
HESS CORP	COM	42809H107	4,145	68,971	SH		DFND	1	0	68,971	0
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	9,097	497,906	SH		DFND	1	0	497,906	0
HILTON WORLDWIDE HLDGS INC	COM	43300A104	2,170	96,308	SH		DFND	1	0	96,308	0
HOME DEPOT INC	COM	437076102	26,057	204,063	SH		DFND	1	0	204,063	0
HONEYWELL INTL INC	COM	438516106	22,095	189,950	SH		DFND	1	0	189,950	0
HUBBELL INC	COM	443510607	970	9,200	SH		DFND	1	0	9,200	0
HUMANA INC	COM	444859102	3,624	20,144	SH		DFND	1	0	20,144	0
HUNT J B TRANS SVCS INC	COM	445658107	912	11,265	SH		DFND	1	0	11,265	0
IDACORP INC	COM	451107106	2,074	25,500	SH		DFND	1	0	25,500	0
ILLINOIS TOOL WKS INC	COM	452308109	5,357	51,431	SH		DFND	1	0	51,431	0
ILLUMINA INC	COM	452327109	3,348	23,850	SH		DFND	1	0	23,850	0
INTEL CORP	COM	458140100	25,469	776,495	SH		DFND	1	0	776,495	0
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	8,489	33,164	SH		DFND	1	0	33,164	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	22,735	149,789	SH		DFND	1	0	149,789	0
INTERPUBLIC GROUP COS INC	COM	460690100	3,326	144,000	SH		DFND	1	0	144,000	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	4,381	6,623	SH		DFND	1	0	6,623	0
ISHARES	MSCI BRZ CAP ETF	464286400	7,544	250,000	SH		DFND	1	0	250,000	0
ISHARES	MSCI CDA ETF	464286509	93,816	3,827,659	SH		DFND	1	0	3,827,659	0
ISHARES	MSCI TAIWAN ETF	464286731	39,583	2,817,264	SH		DFND	1	0	2,817,264	0
ISHARES	MSCI MEX CAP ETF	464286822	8,691	172,538	SH		DFND	1	0	172,538	0
JPMORGAN CHASE & CO	COM	46625H100	43,816	705,124	SH		DFND	1	0	705,124	0
JOHNSON & JOHNSON	COM	478160104	54,080	445,835	SH		DFND	1	0	445,835	0
JOHNSON CTLS INC	COM	478366107	5,438	122,875	SH		DFND	1	0	122,875	0
KANSAS CITY SOUTHERN	COM NEW	485170302	1,960	21,759	SH		DFND	1	0	21,759	0
KELLOGG CO	COM	487836108	4,066	49,803	SH		DFND	1	0	49,803	0
KIMBERLY CLARK CORP	COM	494368103	6,811	49,539	SH		DFND	1	0	49,539	0
KOHLS CORP	COM	500255104	902	23,800	SH		DFND	1	0	23,800	0
KRAFT HEINZ CO	COM	500754106	10,763	121,645	SH		DFND	1	0	121,645	0
KROGER CO	COM	501044101	3,849	104,628	SH		DFND	1	0	104,628	0
L BRANDS INC	COM	501797104	1,972	29,379	SH		DFND	1	0	29,379	0
LAS VEGAS SANDS CORP	COM	517834107	2,961	68,078	SH		DFND	1	0	68,078	0
LAUDER ESTEE COS INC	CL A	518439104	2,581	28,361	SH		DFND	1	0	28,361	0
LENNAR CORP	CL A	526057104	1,111	24,098	SH		DFND	1	0	24,098	0
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	1,890	36,704	SH		DFND	1	0	36,704	0
LILLY ELI & CO	COM	532457108	11,713	148,742	SH		DFND	1	0	148,742	0
LINCOLN NATL CORP IND	COM	534187109	2,092	53,971	SH		DFND	1	0	53,971	0
LINKEDIN CORP	COM CL A	53578A108	3,132	16,550	SH		DFND	1	0	16,550	0
LOCKHEED MARTIN CORP	COM	539830109	14,349	57,819	SH		DFND	1	0	57,819	0
LOWES COS INC	COM	548661107	12,355	156,059	SH		DFND	1	0	156,059	0
M & T BK CORP	COM	55261F104	3,709	31,370	SH		DFND	1	0	31,370	0
MSA SAFETY INC	COM	553498106	1,189	22,628	SH		DFND	1	0	22,628	0
MACYS INC	COM	55616P104	1,697	50,493	SH		DFND	1	0	50,493	0
MANPOWERGROUP INC	COM	56418H100	1,059	16,453	SH		DFND	1	0	16,453	0
MARATHON PETE CORP	COM	56585A102	2,569	67,689	SH		DFND	1	0	67,689	0
MARSH & MCLENNAN COS INC	COM	571748102	4,875	71,213	SH		DFND	1	0	71,213	0
MARRIOTT INTL INC NEW	CL A	571903202	1,623	24,416	SH		DFND	1	0	24,416	0
MASCO CORP	COM	574599106	5,565	179,872	SH		DFND	1	0	179,872	0
MASTERCARD INC	CL A	57636Q104	11,871	134,802	SH		DFND	1	0	134,802	0
MATTEL INC	COM	577081102	2,366	75,604	SH		DFND	1	0	75,604	0
MCDONALDS CORP	COM	580135101	14,412	119,760	SH		DFND	1	0	119,760	0
MCKESSON CORP	COM	58155Q103	8,123	43,521	SH		DFND	1	0	43,521	0
MEAD JOHNSON NUTRITION CO	COM	582839106	1,148	12,651	SH		DFND	1	0	12,651	0
MERCK & CO INC	COM	58933Y105	20,940	363,470	SH		DFND	1	0	363,470	0
METLIFE INC	COM	59156R108	7,593	190,647	SH		DFND	1	0	190,647	0
MICROSOFT CORP	COM	594918104	59,954	1,171,665	SH		DFND	1	0	1,171,665	0
MOHAWK INDS INC	COM	608190104	1,514	7,976	SH		DFND	1	0	7,976	0
MOLSON COORS BREWING CO	CL B	60871R209	2,272	22,470	SH		DFND	1	0	22,470	0
MONDELEZ INTL INC	CL A	609207105	10,884	239,148	SH		DFND	1	0	239,148	0
MONSANTO CO NEW	COM	61166W101	5,818	56,266	SH		DFND	1	0	56,266	0
MONSTER BEVERAGE CORP NEW	COM	61174X109	2,613	16,262	SH		DFND	1	0	16,262	0
MOODYS CORP	COM	615369105	1,947	20,779	SH		DFND	1	0	20,779	0
MORGAN STANLEY	COM NEW	617446448	5,939	228,594	SH		DFND	1	0	228,594	0
MOSAIC CO NEW	COM	61945C103	1,045	39,897	SH		DFND	1	0	39,897	0
NETFLIX INC	COM	64110L106	5,029	54,975	SH		DFND	1	0	54,975	0
NEWELL BRANDS INC	COM	651229106	2,450	50,445	SH		DFND	1	0	50,445	0
NEWFIELD EXPL CO	COM	651290108	3,882	87,862	SH		DFND	1	0	87,862	0
NEXTERA ENERGY INC	COM	65339F101	11,857	90,928	SH		DFND	1	0	90,928	0
NIKE INC	CL B	654106103	13,909	251,968	SH		DFND	1	0	251,968	0
NORDSTROM INC	COM	655664100	571	15,000	SH		DFND	1	0	15,000	0
NORFOLK SOUTHERN CORP	COM	655844108	2,813	33,047	SH		DFND	1	0	33,047	0
NORTHERN TR CORP	COM	665859104	2,976	44,919	SH		DFND	1	0	44,919	0
NORTHROP GRUMMAN CORP	COM	666807102	12,130	54,572	SH		DFND	1	0	54,572	0
NVIDIA CORP	COM	67066G104	3,244	69,001	SH		DFND	1	0	69,001	0
O REILLY AUTOMOTIVE INC NEW	COM	67103H107	5,683	20,964	SH		DFND	1	0	20,964	0
OCCIDENTAL PETE CORP DEL	COM	674599105	8,374	110,825	SH		DFND	1	0	110,825	0
OLD NATL BANCORP IND	COM	680033107	1,416	113,000	SH		DFND	1	0	113,000	0
OMNICOM GROUP INC	COM	681919106	5,366	65,846	SH		DFND	1	0	65,846	0
ONEOK INC NEW	COM	682680103	1,472	31,027	SH		DFND	1	0	31,027	0
ORACLE CORP	COM	68389X105	18,408	449,735	SH		DFND	1	0	449,735	0
OWENS & MINOR INC NEW	COM	690732102	1,118	29,900	SH		DFND	1	0	29,900	0
OWENS ILL INC	COM NEW	690768403	1,166	64,767	SH		DFND	1	0	64,767	0
PG&E CORP	COM	69331C108	9,469	148,134	SH		DFND	1	0	148,134	0
PNC FINL SVCS GROUP INC	COM	693475105	7,068	86,839	SH		DFND	1	0	86,839	0
PPG INDS INC	COM	693506107	3,412	32,757	SH		DFND	1	0	32,757	0
PPL CORP	COM	69351T106	3,766	99,759	SH		DFND	1	0	99,759	0
PACCAR INC	COM	693718108	2,532	48,810	SH		DFND	1	0	48,810	0
PACKAGING CORP AMER	COM	695156109	1,104	16,500	SH		DFND	1	0	16,500	0
PALO ALTO NETWORKS INC	COM	697435105	1,301	10,612	SH		DFND	1	0	10,612	0
PAYPAL HLDGS INC	COM	70450Y103	5,711	156,415	SH		DFND	1	0	156,415	0
PENSKE AUTOMOTIVE GRP INC	COM	70959W103	853	27,100	SH		DFND	1	0	27,100	0
PEPSICO INC	COM	713448108	23,405	220,923	SH		DFND	1	0	220,923	0
PFIZER INC	COM	717081103	35,599	1,011,037	SH		DFND	1	0	1,011,037	0
PHILIP MORRIS INTL INC	COM	718172109	20,765	204,134	SH		DFND	1	0	204,134	0
PHILLIPS 66	COM	718546104	6,665	84,007	SH		DFND	1	0	84,007	0
PIONEER NAT RES CO	COM	723787107	9,013	59,606	SH		DFND	1	0	59,606	0
POLARIS INDS INC	COM	731068102	785	9,600	SH		DFND	1	0	9,600	0
PORTLAND GEN ELEC CO	COM NEW	736508847	1,716	38,900	SH		DFND	1	0	38,900	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	32,901	305,939	SH		DFND	1	0	305,939	0
POWERSHARES ETF TRUST	WNDRHLL CLN EN	73935X500	4,768	1,248,191	SH		DFND	1	0	1,248,191	0
POWERSHS DB MULTI SECT COMM	PS DB AGRICUL FD	73936B408	1,722	78,021	SH		DFND	1	0	78,021	0
PRAXAIR INC	COM	74005P104	6,118	54,435	SH		DFND	1	0	54,435	0
PRICE T ROWE GROUP INC	COM	74144T108	4,413	60,476	SH		DFND	1	0	60,476	0
PRICELINE GRP INC	COM NEW	741503403	8,967	7,183	SH		DFND	1	0	7,183	0
PRINCIPAL FINL GROUP INC	COM	74251V102	1,213	29,500	SH		DFND	1	0	29,500	0
PROCTER & GAMBLE CO	COM	742718109	31,211	368,615	SH		DFND	1	0	368,615	0
PROGRESSIVE CORP OHIO	COM	743315103	7,552	225,421	SH		DFND	1	0	225,421	0
PROVIDENT FINL SVCS INC	COM	74386T105	1,139	58,000	SH		DFND	1	0	58,000	0
PRUDENTIAL FINL INC	COM	744320102	7,171	100,525	SH		DFND	1	0	100,525	0
PUBLIC SVC ENTERPRISE GROUP	COM	744573106	3,927	84,256	SH		DFND	1	0	84,256	0
PUBLIC STORAGE	COM	74460D109	4,932	19,298	SH		DFND	1	0	19,298	0
QUALCOMM INC	COM	747525103	14,982	279,675	SH		DFND	1	0	279,675	0
RPM INTL INC	COM	749685103	1,004	20,100	SH		DFND	1	0	20,100	0
RAYTHEON CO	COM NEW	755111507	6,509	47,875	SH		DFND	1	0	47,875	0
REGENERON PHARMACEUTICALS	COM	75886F107	3,030	8,677	SH		DFND	1	0	8,677	0
REPUBLIC SVCS INC	COM	760759100	1,833	35,725	SH		DFND	1	0	35,725	0
REYNOLDS AMERICAN INC	COM	761713106	13,278	246,216	SH		DFND	1	0	246,216	0
ROCKWELL AUTOMATION INC	COM	773903109	1,045	9,100	SH		DFND	1	0	9,100	0
ROSS STORES INC	COM	778296103	3,220	56,794	SH		DFND	1	0	56,794	0
RYDER SYS INC	COM	783549108	654	10,700	SH		DFND	1	0	10,700	0
SBA COMMUNICATIONS CORP	COM	78388J106	1,772	16,420	SH		DFND	1	0	16,420	0
S&P GLOBAL INC	COM	78409V104	5,656	52,732	SH		DFND	1	0	52,732	0
ST JUDE MED INC	COM	790849103	3,901	50,012	SH		DFND	1	0	50,012	0
SALESFORCE COM INC	COM	79466L302	13,646	171,846	SH		DFND	1	0	171,846	0
SCHEIN HENRY INC	COM	806407102	3,386	19,150	SH		DFND	1	0	19,150	0
SCHLUMBERGER LTD	COM	806857108	15,810	199,919	SH		DFND	1	0	199,919	0
SCHWAB CHARLES CORP NEW	COM	808513105	3,893	153,802	SH		DFND	1	0	153,802	0
SEMPRA ENERGY	COM	816851109	4,349	38,140	SH		DFND	1	0	38,140	0
SHERWIN WILLIAMS CO	COM	824348106	2,884	9,819	SH		DFND	1	0	9,819	0
SHIRE PLC	SPONSORED ADR	82481R106	24	133	SH		DFND	1	0	133	0
SIMON PPTY GROUP INC NEW	COM	828806109	6,972	32,142	SH		DFND	1	0	32,142	0
SIRIUS XM HLDGS INC	COM	82968B103	2,040	516,580	SH		DFND	1	0	516,580	0
SKYWORKS SOLUTIONS INC	COM	83088M102	1,614	25,507	SH		DFND	1	0	25,507	0
SMUCKER J M CO	COM NEW	832696405	3,958	25,972	SH		DFND	1	0	25,972	0
SNAP ON INC	COM	833034101	2,188	13,863	SH		DFND	1	0	13,863	0
SONOCO PRODS CO	COM	835495102	1,639	33,000	SH		DFND	1	0	33,000	0
SOUTHERN CO	COM	842587107	9,181	171,183	SH		DFND	1	0	171,183	0
SOUTHWEST AIRLS CO	COM	844741108	436	11,111	SH		DFND	1	0	11,111	0
SOUTHWEST GAS CORP	COM	844895102	2,054	26,100	SH		DFND	1	0	26,100	0
SPECTRA ENERGY CORP	COM	847560109	5,449	148,757	SH		DFND	1	0	148,757	0
STANLEY BLACK & DECKER INC	COM	854502101	2,540	22,836	SH		DFND	1	0	22,836	0
STARBUCKS CORP	COM	855244109	14,535	254,462	SH		DFND	1	0	254,462	0
STATE STR CORP	COM	857477103	2,978	55,237	SH		DFND	1	0	55,237	0
STRYKER CORP	COM	863667101	4,556	38,020	SH		DFND	1	0	38,020	0
SUNTRUST BKS INC	COM	867914103	4,869	118,513	SH		DFND	1	0	118,513	0
SYNCHRONY FINL	COM	87165B103	2,830	111,953	SH		DFND	1	0	111,953	0
SYSCO CORP	COM	871829107	2,618	51,595	SH		DFND	1	0	51,595	0
TJX COS INC NEW	COM	872540109	10,272	133,010	SH		DFND	1	0	133,010	0
T MOBILE US INC	COM	872590104	3,462	80,012	SH		DFND	1	0	80,012	0
TARGET CORP	COM	87612E106	8,170	117,020	SH		DFND	1	0	117,020	0
TESLA MTRS INC	COM	88160R101	2,649	12,477	SH		DFND	1	0	12,477	0
TEXAS INSTRS INC	COM	882508104	9,822	156,781	SH		DFND	1	0	156,781	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	7,684	52,001	SH		DFND	1	0	52,001	0
3M CO	COM	88579Y101	22,435	128,112	SH		DFND	1	0	128,112	0
TIME WARNER INC	COM NEW	887317303	10,794	146,783	SH		DFND	1	0	146,783	0
TOLL BROTHERS INC	COM	889478103	1,709	63,511	SH		DFND	1	0	63,511	0
TRACTOR SUPPLY CO	COM	892356106	1,351	14,817	SH		DFND	1	0	14,817	0
TRAVELERS COMPANIES INC	COM	89417E109	5,957	50,043	SH		DFND	1	0	50,043	0
TWENTY FIRST CENTY FOX INC	CL A	90130A101	5,080	187,807	SH		DFND	1	0	187,807	0
TWITTER INC	COM	90184L102	3,153	186,463	SH		DFND	1	0	186,463	0
UGI CORP NEW	COM	902681105	1,122	24,800	SH		DFND	1	0	24,800	0
US BANCORP DEL	COM NEW	902973304	11,594	287,481	SH		DFND	1	0	287,481	0
ULTA SALON COSMETCS & FRAG I	COM	90384S303	1,854	7,611	SH		DFND	1	0	7,611	0
UMPQUA HLDGS CORP	COM	904214103	1,252	80,900	SH		DFND	1	0	80,900	0
UNDER ARMOUR INC	CL A	904311107	1,324	33,005	SH		DFND	1	0	33,005	0
UNDER ARMOUR INC	CL C	904311206	1,210	33,233	SH		DFND	1	0	33,233	0
UNION PAC CORP	COM	907818108	11,621	133,190	SH		DFND	1	0	133,190	0
UNITED PARCEL SERVICE INC	CL B	911312106	16,148	149,911	SH		DFND	1	0	149,911	0
UNITED TECHNOLOGIES CORP	COM	913017109	10,959	106,869	SH		DFND	1	0	106,869	0
UNITEDHEALTH GROUP INC	COM	91324P102	21,025	148,901	SH		DFND	1	0	148,901	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	6,158	45,923	SH		DFND	1	0	45,923	0
V F CORP	COM	918204108	4,478	72,827	SH		DFND	1	0	72,827	0
VALERO ENERGY CORP NEW	COM	91913Y100	2,562	50,227	SH		DFND	1	0	50,227	0
VERIZON COMMUNICATIONS INC	COM	92343V104	34,408	616,187	SH		DFND	1	0	616,187	0
VERISK ANALYTICS INC	COM	92345Y106	1,448	17,857	SH		DFND	1	0	17,857	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	1,384	16,095	SH		DFND	1	0	16,095	0
VIACOM INC NEW	CL B	92553P201	2,608	62,877	SH		DFND	1	0	62,877	0
VISA INC	COM CL A	92826C839	26,939	363,211	SH		DFND	1	0	363,211	0
VOYA FINL INC	COM	929089100	1,396	56,387	SH		DFND	1	0	56,387	0
WAL-MART STORES INC	COM	931142103	16,877	231,128	SH		DFND	1	0	231,128	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	10,395	124,832	SH		DFND	1	0	124,832	0
WASTE MGMT INC DEL	COM	94106L109	3,220	48,584	SH		DFND	1	0	48,584	0
WATSCO INC	COM	942622200	1,477	10,500	SH		DFND	1	0	10,500	0
WELLS FARGO & CO NEW	COM	949746101	36,907	779,780	SH		DFND	1	0	779,780	0
WELLTOWER INC	COM	95040Q104	5,084	66,742	SH		DFND	1	0	66,742	0
WESTERN UN CO	COM	959802109	1,486	77,500	SH		DFND	1	0	77,500	0
WILEY JOHN & SONS INC	CL A	968223206	1,033	19,800	SH		DFND	1	0	19,800	0
WILLIAMS COS INC DEL	COM	969457100	2,142	99,015	SH		DFND	1	0	99,015	0
YAHOO INC	COM	984332106	7,108	189,233	SH		DFND	1	0	189,233	0
YUM BRANDS INC	COM	988498101	6,807	82,093	SH		DFND	1	0	82,093	0
ZIMMER BIOMET HLDGS INC	COM	98956P102	3,305	27,457	SH		DFND	1	0	27,457	0
ZOETIS INC	CL A	98978V103	3,311	69,773	SH		DFND	1	0	69,773	0