| 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 |
| AT&T Inc | COM | 00206R102 | 3,696 | 156,400 | SH | | DFND | 1 | 0 | 156,400 | 0 |
| Adobe Inc | COM | 00724F101 | 138,224 | 303,376 | SH | | DFND | 1 | 0 | 303,376 | 0 |
| Advanced Drainage Systems Inc | COM | 00790R104 | 84,575 | 711,855 | SH | | DFND | 1 | 0 | 711,855 | 0 |
| Agilent Technologies Inc | COM | 00846U101 | 82,292 | 621,868 | SH | | DFND | 1 | 0 | 621,868 | 0 |
| Airbnb Inc | COM CL A | 009066101 | 69,101 | 402,313 | SH | | DFND | 1 | 0 | 402,313 | 0 |
| Alphabet Inc | CAP STK CL A | 02079K305 | 421,617 | 151,587 | SH | | DFND | 1 | 0 | 151,587 | 0 |
| Amazon.com Inc | COM | 023135106 | 358,712 | 110,036 | SH | | DFND | 1 | 0 | 110,036 | 0 |
| American Tower Corp | COM | 03027X100 | 64,103 | 255,166 | SH | | DFND | 1 | 0 | 255,166 | 0 |
| AmerisourceBergen Corp | COM | 03073E105 | 1,439 | 9,300 | SH | | DFND | 1 | 0 | 9,300 | 0 |
| AMETEK Inc | COM | 031100100 | 23,759 | 178,399 | SH | | DFND | 1 | 0 | 178,399 | 0 |
| Amgen Inc | COM | 031162100 | 4,401 | 18,200 | SH | | DFND | 1 | 0 | 18,200 | 0 |
| Analog Devices Inc | COM | 032654105 | 96,809 | 586,082 | SH | | DFND | 1 | 0 | 586,082 | 0 |
| Anthem Inc | COM | 036752103 | 1,965 | 4,000 | SH | | DFND | 1 | 0 | 4,000 | 0 |
| Apollo Global Management Inc | COM | 03769M106 | 83,442 | 1,346,048 | SH | | DFND | 1 | 0 | 1,346,048 | 0 |
| Apple Inc | COM | 037833100 | 552,105 | 3,161,934 | SH | | DFND | 1 | 0 | 3,161,934 | 0 |
| Applied Materials Inc | COM | 038222105 | 104,966 | 796,401 | SH | | DFND | 1 | 0 | 796,401 | 0 |
| Archer-Daniels-Midland Co | COM | 039483102 | 2,013 | 22,300 | SH | | DFND | 1 | 0 | 22,300 | 0 |
| Autodesk Inc | COM | 052769106 | 89,130 | 415,817 | SH | | DFND | 1 | 0 | 415,817 | 0 |
| Automatic Data Processing Inc | COM | 053015103 | 1,911 | 8,400 | SH | | DFND | 1 | 0 | 8,400 | 0 |
| Avery Dennison Corp | COM | 053611109 | 1,688 | 9,700 | SH | | DFND | 1 | 0 | 9,700 | 0 |
| Baker Hughes Co | CL A | 05722G100 | 85,676 | 2,353,102 | SH | | DFND | 1 | 0 | 2,353,102 | 0 |
| Bank of America Corp | COM | 060505104 | 29,323 | 711,388 | SH | | DFND | 1 | 0 | 711,388 | 0 |
| Berkshire Hathaway Inc | CL B NEW | 084670702 | 179,510 | 508,657 | SH | | DFND | 1 | 0 | 508,657 | 0 |
| Best Buy Co Inc | COM | 086516101 | 936 | 10,300 | SH | | DFND | 1 | 0 | 10,300 | 0 |
| Blackstone Inc | COM | 09260D107 | 2,932 | 23,100 | SH | | DFND | 1 | 0 | 23,100 | 0 |
| Booking Holdings Inc | COM | 09857L108 | 87,954 | 37,452 | SH | | DFND | 1 | 0 | 37,452 | 0 |
| Bristol-Myers Squibb Co | COM | 110122108 | 4,367 | 59,800 | SH | | DFND | 1 | 0 | 59,800 | 0 |
| Broadridge Financial Solutions Inc | COM | 11133T103 | 1,651 | 10,600 | SH | | DFND | 1 | 0 | 10,600 | 0 |
| Broadcom Inc | COM | 11135F101 | 5,982 | 9,500 | SH | | DFND | 1 | 0 | 9,500 | 0 |
| Brunswick Corp/DE | COM | 117043109 | 54,255 | 670,730 | SH | | DFND | 1 | 0 | 670,730 | 0 |
| CDW Corp/DE | COM | 12514G108 | 1,252 | 7,000 | SH | | DFND | 1 | 0 | 7,000 | 0 |
| Cigna Corp | COM | 125523100 | 1,557 | 6,500 | SH | | DFND | 1 | 0 | 6,500 | 0 |
| CVS Health Corp | COM | 126650100 | 55,664 | 549,988 | SH | | DFND | 1 | 0 | 549,988 | 0 |
| Canadian National Railway Co | COM | 136375102 | 30,239 | 225,426 | SH | | DFND | 1 | 0 | 225,426 | 0 |
| Celanese Corp | COM | 150870103 | 914 | 6,400 | SH | | DFND | 1 | 0 | 6,400 | 0 |
| Cerner Corp | COM | 156782104 | 1,338 | 14,300 | SH | | DFND | 1 | 0 | 14,300 | 0 |
| Charter Communications Inc | CL A | 16119P108 | 73,415 | 134,578 | SH | | DFND | 1 | 0 | 134,578 | 0 |
| Chevron Corp | COM | 166764100 | 48,212 | 296,087 | SH | | DFND | 1 | 0 | 296,087 | 0 |
| Chipotle Mexican Grill Inc | COM | 169656105 | 16,442 | 10,393 | SH | | DFND | 1 | 0 | 10,393 | 0 |
| Cisco Systems Inc | COM | 17275R102 | 4,450 | 79,800 | SH | | DFND | 1 | 0 | 79,800 | 0 |
| Coca-Cola Co/The | COM | 191216100 | 93,779 | 1,512,570 | SH | | DFND | 1 | 0 | 1,512,570 | 0 |
| Cognizant Technology Solutions Corp | CL A | 192446102 | 2,529 | 28,200 | SH | | DFND | 1 | 0 | 28,200 | 0 |
| Colgate-Palmolive Co | COM | 194162103 | 1,509 | 19,900 | SH | | DFND | 1 | 0 | 19,900 | 0 |
| Cummins Inc | COM | 231021106 | 1,108 | 5,400 | SH | | DFND | 1 | 0 | 5,400 | 0 |
| Danaher Corp | COM | 235851102 | 109,001 | 371,598 | SH | | DFND | 1 | 0 | 371,598 | 0 |
| Deere & Co | COM | 244199105 | 111,523 | 268,433 | SH | | DFND | 1 | 0 | 268,433 | 0 |
| Duke Energy Corp | COM NEW | 26441C204 | 35,484 | 317,782 | SH | | DFND | 1 | 0 | 317,782 | 0 |
| Eagle Materials Inc | COM | 26969P108 | 63,643 | 495,819 | SH | | DFND | 1 | 0 | 495,819 | 0 |
| Eastman Chemical Co | COM | 277432100 | 1,681 | 15,000 | SH | | DFND | 1 | 0 | 15,000 | 0 |
| Edwards Lifesciences Corp | COM | 28176E108 | 59,613 | 506,399 | SH | | DFND | 1 | 0 | 506,399 | 0 |
| Electronic Arts Inc | COM | 285512109 | 7,774 | 61,448 | SH | | DFND | 1 | 0 | 61,448 | 0 |
| Emerson Electric Co | COM | 291011104 | 1,598 | 16,300 | SH | | DFND | 1 | 0 | 16,300 | 0 |
| Expeditors International of Washington Inc | COM | 302130109 | 1,506 | 14,600 | SH | | DFND | 1 | 0 | 14,600 | 0 |
| Meta Platforms Inc | CL A | 30303M102 | 190,622 | 857,266 | SH | | DFND | 1 | 0 | 857,266 | 0 |
| Fortune Brands Home & Security Inc | COM | 34964C106 | 1,307 | 17,600 | SH | | DFND | 1 | 0 | 17,600 | 0 |
| Franklin Resources Inc | COM | 354613101 | 1,494 | 53,500 | SH | | DFND | 1 | 0 | 53,500 | 0 |
| FRANKLIN FTSE BRAZIL ETF | FTSE BRAZIL | 35473P835 | 1,559 | 66,230 | SH | | DFND | | 0 | 66,230 | 0 |
| Freeport-McMoRan Inc | CL B | 35671D857 | 106,067 | 2,132,434 | SH | | DFND | 1 | 0 | 2,132,434 | 0 |
| Generac Holdings Inc | COM | 368736104 | 67,536 | 227,196 | SH | | DFND | 1 | 0 | 227,196 | 0 |
| General Dynamics Corp | COM | 369550108 | 58,410 | 242,185 | SH | | DFND | 1 | 0 | 242,185 | 0 |
| Genuine Parts Co | COM | 372460105 | 1,953 | 15,500 | SH | | DFND | 1 | 0 | 15,500 | 0 |
| Grocery Outlet Holding Corp | COM | 39874R101 | 435 | 13,275 | SH | | DFND | | 0 | 13,275 | 0 |
| HCA Healthcare Inc | COM | 40412C101 | 1,754 | 7,000 | SH | | DFND | 1 | 0 | 7,000 | 0 |
| Hershey Co/The | COM | 427866108 | 1,690 | 7,800 | SH | | DFND | 1 | 0 | 7,800 | 0 |
| Hubbell Inc | COM | 443510607 | 1,470 | 8,000 | SH | | DFND | 1 | 0 | 8,000 | 0 |
| IDEXX Laboratories Inc | COM | 45168D104 | 30,344 | 55,467 | SH | | DFND | 1 | 0 | 55,467 | 0 |
| Illinois Tool Works Inc | COM | 452308109 | 1,487 | 7,100 | SH | | DFND | 1 | 0 | 7,100 | 0 |
| Ingersoll Rand Inc | COM | 45687V106 | 46,485 | 923,233 | SH | | DFND | 1 | 0 | 923,233 | 0 |
| Intel Corp | COM | 458140100 | 2,964 | 59,802 | SH | | DFND | 1 | 0 | 59,802 | 0 |
| International Paper Co | COM | 460146103 | 932 | 20,200 | SH | | DFND | 1 | 0 | 20,200 | 0 |
| Interpublic Group of Cos Inc/The | COM | 460690100 | 1,627 | 45,900 | SH | | DFND | 1 | 0 | 45,900 | 0 |
| Intuit Inc | COM | 461202103 | 110,781 | 230,391 | SH | | DFND | 1 | 0 | 230,391 | 0 |
| Intuitive Surgical Inc | COM NEW | 46120E602 | 81,346 | 269,644 | SH | | DFND | 1 | 0 | 269,644 | 0 |
| Invesco WilderHill Clean Energy ETF | WILDERHIL CLAN | 46137V134 | 8,207 | 125,986 | SH | | DFND | 1 | 0 | 125,986 | 0 |
| Invesco DB Agriculture Fund | AGRICULTURE FD | 46140H106 | 1,766 | 80,719 | SH | | DFND | 1 | 0 | 80,719 | 0 |
| ISHARES MSCI BRAZIL ETF | MSCI BRAZIL ETF | 464286400 | 1,351 | 35,742 | SH | | DFND | | 0 | 35,742 | 0 |
| ISHARES MSCI EUROZONE ETF | MSCI EURZONE ETF | 464286608 | 1,225 | 28,315 | SH | | DFND | | 0 | 28,315 | 0 |
| ISHARES MSCI CHILE ETF | MSCI CHILE ETF | 464286640 | 474 | 16,297 | SH | | DFND | | 0 | 16,297 | 0 |
| iShares MSCI Pacific ex Japan ETF | MSCI PAC JP ETF | 464286665 | 17 | 350 | SH | | DFND | | 0 | 350 | 0 |
| ISHARES MSCI FRANCE ETF | MSCI FRANCE ETF | 464286707 | 2,528 | 71,566 | SH | | DFND | | 0 | 71,566 | 0 |
| ISHARES MSCI SPAIN ETF | MSCI SPAIN ETF | 464286764 | 578 | 22,700 | SH | | DFND | | 0 | 22,700 | 0 |
| ISHARES MSCI GERMANY ETF | MSCI GERMANY ETF | 464286806 | 825 | 29,050 | SH | | DFND | | 0 | 29,050 | 0 |
| ISHARES CORE S&P 500 ETF | CORE S&P500 ETF | 464287200 | 544 | 1,199 | SH | | DFND | | 0 | 1,199 | 0 |
| iShares MSCI Emerging Markets ETF | MSCI EMG MKT ETF | 464287234 | 63 | 1,390 | SH | | DFND | | 0 | 1,390 | 0 |
| ISHARES LATIN AMERICA 40 ETF | LATN AMER 40 ETF | 464287390 | 34 | 1,115 | SH | | DFND | | 0 | 1,115 | 0 |
| ISHARES S&P 500 VALUE ETF | S&P 500 VAL ETF | 464287408 | 4,620 | 29,670 | SH | | DFND | | 0 | 29,670 | 0 |
| ISHARES USTECHNOLOGY ETF | U.S. TECH ETF | 464287721 | 0 | 3 | SH | | DFND | | 0 | 3 | 0 |
| ISHARES U.S. INDUSTRIALS ETF | US INDUSTRIALS | 464287754 | 1,922 | 18,234 | SH | | DFND | | 0 | 18,234 | 0 |
| ISHARES EUROPE ETF | EUROPE ETF | 464287861 | 4,337 | 86,330 | SH | | DFND | | 0 | 86,330 | 0 |
| ISHARES MSCI ALL COUNTRY ASI | MSCI AC ASIA ETF | 464288182 | 7,562 | 100,781 | SH | | DFND | | 0 | 100,781 | 0 |
| iShares MSCI ACWI ETF | MSCI ACWI ETF | 464288257 | 181 | 1,800 | SH | | DFND | | 0 | 1,800 | 0 |
| iShares MBS ETF | MBS ETF | 464288588 | 34,425 | 338,060 | SH | | DFND | | 0 | 338,060 | 0 |
| iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF | ISHS 1-5YR INVS | 464288646 | 35,141 | 679,581 | SH | | DFND | | 0 | 679,581 | 0 |
| ISHARES MSCI INDONESIA ETF | MSCI INDONIA ETF | 46429B309 | 253 | 10,240 | SH | | DFND | | 0 | 10,240 | 0 |
| ISHARES MSCI TAIWAN ETF | MSCI TAIWAN ETF | 46434G772 | 4,435 | 72,170 | SH | | DFND | | 0 | 72,170 | 0 |
| ISHARES MSCI JAPAN ETF | MSCI JPN ETF NEW | 46434G822 | 2,001 | 32,485 | SH | | DFND | | 0 | 32,485 | 0 |
| ISHARES MSCI UNITED KINGDOM | MSCI UK ETF NEW | 46435G334 | 2,216 | 65,880 | SH | | DFND | | 0 | 65,880 | 0 |
| ISHARES ESG AWARE MSCI USA | ESG AWR MSCI USA | 46435G425 | 681 | 6,715 | SH | | DFND | | 0 | 6,715 | 0 |
| JPMorgan Chase & Co | COM | 46625H100 | 44,762 | 328,363 | SH | | DFND | 1 | 0 | 328,363 | 0 |
| JPMORGAN BETABUILDERS JAPAN | BETABULDRS JAPAN | 46641Q217 | 1,488 | 29,327 | SH | | DFND | | 0 | 29,327 | 0 |
| Johnson & Johnson | COM | 478160104 | 169,117 | 954,225 | SH | | DFND | 1 | 0 | 954,225 | 0 |
| KLA Corp | COM NEW | 482480100 | 1,830 | 5,000 | SH | | DFND | 1 | 0 | 5,000 | 0 |
| KKR & Co Inc | COM | 48251W104 | 96,588 | 1,651,917 | SH | | DFND | 1 | 0 | 1,651,917 | 0 |
| Kroger Co/The | COM | 501044101 | 1,870 | 32,600 | SH | | DFND | 1 | 0 | 32,600 | 0 |
| Lam Research Corp | COM | 512807108 | 2,258 | 4,200 | SH | | DFND | 1 | 0 | 4,200 | 0 |
| Estee Lauder Cos Inc/The | CL A | 518439104 | 76,669 | 281,541 | SH | | DFND | 1 | 0 | 281,541 | 0 |
| Leggett & Platt Inc | COM | 524660107 | 901 | 25,900 | SH | | DFND | 1 | 0 | 25,900 | 0 |
| Lennar Corp | CL A | 526057104 | 14,164 | 174,497 | SH | | DFND | 1 | 0 | 174,497 | 0 |
| Eli Lilly & Co | COM | 532457108 | 116,128 | 405,516 | SH | | DFND | 1 | 0 | 405,516 | 0 |
| Lockheed Martin Corp | COM | 539830109 | 1,986 | 4,500 | SH | | DFND | 1 | 0 | 4,500 | 0 |
| Magna International Inc | COM | 559222401 | 1,086 | 16,900 | SH | | DFND | 1 | 0 | 16,900 | 0 |
| Markel Corp | COM | 570535104 | 76,860 | 52,100 | SH | | DFND | 1 | 0 | 52,100 | 0 |
| Mastercard Inc | CL A | 57636Q104 | 146,795 | 410,752 | SH | | DFND | 1 | 0 | 410,752 | 0 |
| Merck & Co Inc | COM | 58933Y105 | 84,520 | 1,030,109 | SH | | DFND | 1 | 0 | 1,030,109 | 0 |
| Microsoft Corp | COM | 594918104 | 498,549 | 1,617,039 | SH | | DFND | 1 | 0 | 1,617,039 | 0 |
| Mondelez International Inc | CL A | 609207105 | 1,745 | 27,800 | SH | | DFND | 1 | 0 | 27,800 | 0 |
| Moody's Corp | COM | 615369105 | 96,889 | 287,154 | SH | | DFND | 1 | 0 | 287,154 | 0 |
| Motorola Solutions Inc | COM NEW | 620076307 | 1,647 | 6,800 | SH | | DFND | 1 | 0 | 6,800 | 0 |
| Netflix Inc | COM | 64110L106 | 107,983 | 288,269 | SH | | DFND | 1 | 0 | 288,269 | 0 |
| NextEra Energy Inc | COM | 65339F101 | 92,728 | 1,094,654 | SH | | DFND | 1 | 0 | 1,094,654 | 0 |
| NIKE Inc | CL B | 654106103 | 43,771 | 325,292 | SH | | DFND | 1 | 0 | 325,292 | 0 |
| Northrop Grumman Corp | COM | 666807102 | 71,509 | 159,897 | SH | | DFND | 1 | 0 | 159,897 | 0 |
| Omnicom Group Inc | COM | 681919106 | 1,061 | 12,500 | SH | | DFND | 1 | 0 | 12,500 | 0 |
| Owens Corning | COM | 690742101 | 1,601 | 17,500 | SH | | DFND | 1 | 0 | 17,500 | 0 |
| PACCAR Inc | COM | 693718108 | 1,224 | 13,900 | SH | | DFND | 1 | 0 | 13,900 | 0 |
| Packaging Corp of America | COM | 695156109 | 1,186 | 7,600 | SH | | DFND | 1 | 0 | 7,600 | 0 |
| Parker-Hannifin Corp | COM | 701094104 | 1,249 | 4,400 | SH | | DFND | 1 | 0 | 4,400 | 0 |
| PayPal Holdings Inc | COM | 70450Y103 | 115,180 | 995,934 | SH | | DFND | 1 | 0 | 995,934 | 0 |
| PepsiCo Inc | COM | 713448108 | 20,446 | 122,152 | SH | | DFND | 1 | 0 | 122,152 | 0 |
| Pfizer Inc | COM | 717081103 | 102,561 | 1,981,090 | SH | | DFND | 1 | 0 | 1,981,090 | 0 |
| Pioneer Natural Resources Co | COM | 723787107 | 34,769 | 139,058 | SH | | DFND | 1 | 0 | 139,058 | 0 |
| Polaris Inc | COM | 731068102 | 695 | 6,600 | SH | | DFND | 1 | 0 | 6,600 | 0 |
| Pool Corp | COM | 73278L105 | 68,047 | 160,925 | SH | | DFND | 1 | 0 | 160,925 | 0 |
| T Rowe Price Group Inc | COM | 74144T108 | 1,542 | 10,200 | SH | | DFND | 1 | 0 | 10,200 | 0 |
| Principal Financial Group Inc | COM | 74251V102 | 1,153 | 15,700 | SH | | DFND | 1 | 0 | 15,700 | 0 |
| Procter & Gamble Co/The | COM | 742718109 | 45,183 | 295,699 | SH | | DFND | 1 | 0 | 295,699 | 0 |
| Quest Diagnostics Inc | COM | 74834L100 | 1,711 | 12,500 | SH | | DFND | 1 | 0 | 12,500 | 0 |
| Raytheon Technologies Corp | COM | 75513E101 | 53,409 | 539,102 | SH | | DFND | 1 | 0 | 539,102 | 0 |
| Regal Rexnord Corp | COM | 758750103 | 69,667 | 468,255 | SH | | DFND | 1 | 0 | 468,255 | 0 |
| ResMed Inc | COM | 761152107 | 48,291 | 199,131 | SH | | DFND | 1 | 0 | 199,131 | 0 |
| Rogers Communications Inc | CL B | 775109200 | 1,275 | 22,500 | SH | | DFND | 1 | 0 | 22,500 | 0 |
| S&P Global Inc | COM | 78409V104 | 102,397 | 249,639 | SH | | DFND | 1 | 0 | 249,639 | 0 |
| SPDR S&P 500 ETF Trust | TR UNIT | 78462F103 | 27,192 | 60,208 | SH | | DFND | | 0 | 60,208 | 0 |
| SPDR Portfolio Intermediate Term Corporate Bond ETF | PORTFOLIO INTRMD | 78464A375 | 47,909 | 1,402,903 | SH | | DFND | | 0 | 1,402,903 | 0 |
| SPDR Portfolio Mortgage Backed Bond ETF | PORTFLI MORTGAGE | 78464A383 | 35,501 | 1,482,295 | SH | | DFND | | 0 | 1,482,295 | 0 |
| SPDR S&P 600 Small CapETF | S&P 600 SML CAP | 78464A813 | 79 | 840 | SH | | DFND | | 0 | 840 | 0 |
| SPDR PORTFOLIO S&P 500 ETF | PORTFOLIO S&P500 | 78464A854 | 132 | 2,489 | SH | | DFND | | 0 | 2,489 | 0 |
| Salesforce Inc | COM | 79466L302 | 115,342 | 543,248 | SH | | DFND | 1 | 0 | 543,248 | 0 |
| Charles Schwab Corp/The | COM | 808513105 | 32,750 | 388,452 | SH | | DFND | 1 | 0 | 388,452 | 0 |
| Sea Ltd | SPONSORD ADS | 81141R100 | 2,711 | 22,635 | SH | | DFND | 1 | 0 | 22,635 | 0 |
| MATERIALS SELECT SECTOR SPDR | SBI MATERIALS | 81369Y100 | 1,700 | 19,286 | SH | | DFND | | 0 | 19,286 | 0 |
| HEALTH CARE SELECT SECTOR | SBI HEALTHCARE | 81369Y209 | 8,092 | 59,072 | SH | | DFND | | 0 | 59,072 | 0 |
| CONSUMER STAPLES SPDR | SBI CONS STPLS | 81369Y308 | 1,916 | 25,241 | SH | | DFND | | 0 | 25,241 | 0 |
| CONSUMER DISCRETIONARY SELT | SBI CONS DISCR | 81369Y407 | 15,254 | 82,455 | SH | | DFND | | 0 | 82,455 | 0 |
| ENERGY SELECT SECTOR SPDR | ENERGY | 81369Y506 | 4,804 | 62,850 | SH | | DFND | | 0 | 62,850 | 0 |
| FINANCIAL SELECT SECTOR SPDR | FINANCIAL | 81369Y605 | 15,618 | 407,561 | SH | | DFND | | 0 | 407,561 | 0 |
| INDUSTRIAL SELECT SECT SPDR | SBI INT-INDS | 81369Y704 | 6,730 | 65,355 | SH | | DFND | | 0 | 65,355 | 0 |
| TECHNOLOGY SELECT SECT SPDR | TECHNOLOGY | 81369Y803 | 26,821 | 168,757 | SH | | DFND | | 0 | 168,757 | 0 |
| REAL ESTATE SELECT SECT SPDR | RL EST SEL SEC | 81369Y860 | 1,264 | 26,160 | SH | | DFND | | 0 | 26,160 | 0 |
| UTILITIES SELECT SECTOR SPDR | SBI INT-UTILS | 81369Y886 | 1,169 | 15,699 | SH | | DFND | | 0 | 15,699 | 0 |
| Skyworks Solutions Inc | COM | 83088M102 | 1,533 | 11,500 | SH | | DFND | 1 | 0 | 11,500 | 0 |
| Snap-on Inc | COM | 833034101 | 1,521 | 7,400 | SH | | DFND | 1 | 0 | 7,400 | 0 |
| SolarEdge Technologies Inc | COM | 83417M104 | 54,608 | 169,395 | SH | | DFND | 1 | 0 | 169,395 | 0 |
| Sonoco Products Co | COM | 835495102 | 744 | 11,900 | SH | | DFND | 1 | 0 | 11,900 | 0 |
| Southern Co/The | COM | 842587107 | 42,003 | 579,273 | SH | | DFND | 1 | 0 | 579,273 | 0 |
| Stanley Black & Decker Inc | COM | 854502101 | 895 | 6,400 | SH | | DFND | 1 | 0 | 6,400 | 0 |
| Sylvamo Corp | COMMON STOCK | 871332102 | 61 | 1,836 | SH | | DFND | 1 | 0 | 1,836 | 0 |
| Texas Instruments Inc | COM | 882508104 | 123,280 | 671,897 | SH | | DFND | 1 | 0 | 671,897 | 0 |
| Thor Industries Inc | COM | 885160101 | 512 | 6,500 | SH | | DFND | 1 | 0 | 6,500 | 0 |
| 3M Co | COM | 88579Y101 | 1,385 | 9,300 | SH | | DFND | 1 | 0 | 9,300 | 0 |
| Tractor Supply Co | COM | 892356106 | 92,506 | 396,393 | SH | | DFND | 1 | 0 | 396,393 | 0 |
| Tyson Foods Inc | CL A | 902494103 | 1,380 | 15,400 | SH | | DFND | 1 | 0 | 15,400 | 0 |
| Uber Technologies Inc | COM | 90353T100 | 5,347 | 149,846 | SH | | DFND | 1 | 0 | 149,846 | 0 |
| Union Pacific Corp | COM | 907818108 | 34,362 | 125,773 | SH | | DFND | 1 | 0 | 125,773 | 0 |
| UnitedHealth Group Inc | COM | 91324P102 | 192,740 | 377,943 | SH | | DFND | 1 | 0 | 377,943 | 0 |
| VF Corp | COM | 918204108 | 864 | 15,200 | SH | | DFND | 1 | 0 | 15,200 | 0 |
| Valvoline Inc | COM | 92047W101 | 1,436 | 45,500 | SH | | DFND | 1 | 0 | 45,500 | 0 |
| VANECK MORNINGSTAR WIDE MOAT | MRNGSTR WDE MOAT | 92189F643 | 9,391 | 125,714 | SH | | DFND | | 0 | 125,714 | 0 |
| VANGUARD FTSE EUROPE ETF | FTSE EUROPE ETF | 922042874 | 5,087 | 81,675 | SH | | DFND | | 0 | 81,675 | 0 |
| VANGUARD CONSUMER STAPLE ETF | CONSUM STP ETF | 92204A207 | 1,751 | 8,937 | SH | | DFND | | 0 | 8,937 | 0 |
| VANGUARD FINANCIALS ETF | FINANCIALS ETF | 92204A405 | 4,120 | 44,115 | SH | | DFND | | 0 | 44,115 | 0 |
| VANGUARD HEALTH CARE ETF | HEALTH CAR ETF | 92204A504 | 8,161 | 32,083 | SH | | DFND | | 0 | 32,083 | 0 |
| VANGUARD INFO TECH ETF | INF TECH ETF | 92204A702 | 672 | 1,613 | SH | | DFND | | 0 | 1,613 | 0 |
| VANGUARD COMMUNICATION SERVI | COMM SRVC ETF | 92204A884 | 11,428 | 95,197 | SH | | DFND | | 0 | 95,197 | 0 |
| Vanguard Short-Term Corporate Bond ETF | SHRT TRM CORP BD | 92206C409 | 40,038 | 512,721 | SH | | DFND | | 0 | 512,721 | 0 |
| Vanguard Mortgage-Backed Securities ETF | MTG-BKD SECS ETF | 92206C771 | 23,401 | 467,648 | SH | | DFND | | 0 | 467,648 | 0 |
| Vanguard S&P 500 ETF | S&P 500 ETF SHS | 922908363 | 54,506 | 131,347 | SH | | DFND | | 0 | 131,347 | 0 |
| Verizon Communications Inc | COM | 92343V104 | 1,701 | 33,400 | SH | | DFND | 1 | 0 | 33,400 | 0 |
| Visa Inc | COM CL A | 92826C839 | 160,915 | 725,593 | SH | | DFND | 1 | 0 | 725,593 | 0 |
| Walmart Inc | COM | 931142103 | 1,802 | 12,100 | SH | | DFND | 1 | 0 | 12,100 | 0 |
| WISDOMTREE US SMALLCAP FUND | US SMALLCAP FUND | 97717W562 | 5,361 | 111,785 | SH | | DFND | | 0 | 111,785 | 0 |
| Yum China Holdings Inc | COM | 98850P109 | 575 | 13,836 | SH | | DFND | 1 | 0 | 13,836 | 0 |
| Deutsche Bank AG | NAMEN AKT | D18190898 | 126 | 9,834 | SH | | DFND | | 0 | 9,834 | 0 |
| Deutsche Bank AG | NAMEN AKT | D18190898 | 7,571 | 592,564 | SH | | DFND | 1 | 0 | 592,564 | 0 |
| Accenture PLC | SHS CLASS A | G1151C101 | 4,519 | 13,400 | SH | | DFND | 1 | 0 | 13,400 | 0 |
| Eaton Corp PLC | SHS | G29183103 | 1,654 | 10,900 | SH | | DFND | 1 | 0 | 10,900 | 0 |
| Ferguson PLC | SHS | G3421J106 | 13,274 | 97,286 | SH | | DFND | 1 | 0 | 97,286 | 0 |
| Linde PLC | SHS | G5494J103 | 48,775 | 151,100 | SH | | DFND | | 0 | 151,100 | 0 |
| Linde PLC | SHS | G5494J103 | 62,933 | 196,683 | SH | | DFND | 1 | 0 | 196,683 | 0 |
| Medtronic PLC | SHS | G5960L103 | 3,484 | 31,400 | SH | | DFND | 1 | 0 | 31,400 | 0 |
| Seagate Technology Holdings PLC | ORD SHS | G7997R103 | 1,016 | 11,300 | SH | | DFND | 1 | 0 | 11,300 | 0 |
| Alcon Inc | ORD SHS | H01301128 | 11,951 | 149,321 | SH | | DFND | 1 | 0 | 149,321 | 0 |
| UBS Group AG | SHS | H42097107 | 322 | 16,355 | SH | | DFND | | 0 | 16,355 | 0 |
| UBS Group AG | SHS | H42097107 | 29,900 | 1,517,413 | SH | | DFND | 1 | 0 | 1,517,413 | 0 |
| Logitech International SA | SHS | H50430232 | 4,927 | 65,558 | SH | | DFND | 1 | 0 | 65,558 | 0 |
| TE Connectivity Ltd | SHS | H84989104 | 2,043 | 15,600 | SH | | DFND | 1 | 0 | 15,600 | 0 |
| CNH Industrial NV | SHS | N20944109 | 6,074 | 380,142 | SH | | DFND | 1 | 0 | 380,142 | 0 |
| Ferrari NV | COM | N3167Y103 | 5,544 | 25,136 | SH | | DFND | 1 | 0 | 25,136 | 0 |
| LyondellBasell Industries NV | SHS - A - | N53745100 | 1,275 | 12,400 | SH | | DFND | 1 | 0 | 12,400 | 0 |
| QIAGEN NV | SHS NEW | N72482123 | 3,928 | 79,456 | SH | | DFND | 1 | 0 | 79,456 | 0 |
| Stellantis NV | SHS | N82405106 | 8,687 | 528,742 | SH | | DFND | | 0 | 528,742 | 0 |
| Stellantis NV | SHS | N82405106 | 18,826 | 1,146,090 | SH | | DFND | 1 | 0 | 1,146,090 | 0 |
