| 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 | 2,399 | 156,400 | SH | | DFND | 1 | 0 | 156,400 | 0 |
| Adobe Inc | COM | 00724F101 | 90,736 | 329,709 | SH | | DFND | 1 | 0 | 329,709 | 0 |
| Advance Auto Parts Inc | COM | 00751Y106 | 1,016 | 6,500 | SH | | DFND | 1 | 0 | 6,500 | 0 |
| Advanced Drainage Systems Inc | COM | 00790R104 | 70,928 | 570,298 | SH | | DFND | 1 | 0 | 570,298 | 0 |
| Agilent Technologies Inc | COM | 00846U101 | 70,013 | 576,001 | SH | | DFND | 1 | 0 | 576,001 | 0 |
| Airbnb Inc | COM CL A | 009066101 | 21,331 | 203,074 | SH | | DFND | 1 | 0 | 203,074 | 0 |
| Ally Financial Inc | COM | 02005N100 | 927 | 33,300 | SH | | DFND | 1 | 0 | 33,300 | 0 |
| Alphabet Inc | CAP STK CL A | 02079K305 | 270,499 | 2,828,009 | SH | | DFND | 1 | 0 | 2,828,009 | 0 |
| Amazon.com Inc | COM | 023135106 | 240,214 | 2,125,791 | SH | | DFND | 1 | 0 | 2,125,791 | 0 |
| American Tower Corp | COM | 03027X100 | 70,720 | 329,392 | SH | | DFND | 1 | 0 | 329,392 | 0 |
| AmerisourceBergen Corp | COM | 03073E105 | 1,259 | 9,300 | SH | | DFND | 1 | 0 | 9,300 | 0 |
| AMETEK Inc | COM | 031100100 | 51,784 | 456,606 | SH | | DFND | 1 | 0 | 456,606 | 0 |
| Amgen Inc | COM | 031162100 | 4,102 | 18,200 | SH | | DFND | 1 | 0 | 18,200 | 0 |
| Amphenol Corp | CL A | 032095101 | 68,260 | 1,019,421 | SH | | DFND | 1 | 0 | 1,019,421 | 0 |
| Analog Devices Inc | COM | 032654105 | 36,958 | 265,239 | SH | | DFND | 1 | 0 | 265,239 | 0 |
| Elevance Health Inc | COM | 036752103 | 1,817 | 4,000 | SH | | DFND | 1 | 0 | 4,000 | 0 |
| Apollo Global Management Inc | COM | 03769M106 | 46,824 | 1,006,969 | SH | | DFND | 1 | 0 | 1,006,969 | 0 |
| Apple Inc | COM | 037833100 | 443,113 | 3,206,320 | SH | | DFND | 1 | 0 | 3,206,320 | 0 |
| Applied Materials Inc | COM | 038222105 | 49,771 | 607,484 | SH | | DFND | 1 | 0 | 607,484 | 0 |
| Archer-Daniels-Midland Co | COM | 039483102 | 1,794 | 22,300 | SH | | DFND | 1 | 0 | 22,300 | 0 |
| Autodesk Inc | COM | 052769106 | 53,002 | 283,738 | SH | | DFND | 1 | 0 | 283,738 | 0 |
| Avery Dennison Corp | COM | 053611109 | 1,578 | 9,700 | SH | | DFND | 1 | 0 | 9,700 | 0 |
| Baker Hughes Co | CL A | 05722G100 | 47,547 | 2,268,483 | SH | | DFND | 1 | 0 | 2,268,483 | 0 |
| Berkshire Hathaway Inc | CL B NEW | 084670702 | 95,338 | 357,043 | SH | | DFND | 1 | 0 | 357,043 | 0 |
| Best Buy Co Inc | COM | 086516101 | 652 | 10,300 | SH | | DFND | 1 | 0 | 10,300 | 0 |
| BlackRock Inc | COM | 09247X101 | 1,101 | 2,000 | SH | | DFND | 1 | 0 | 2,000 | 0 |
| Booking Holdings Inc | COM | 09857L108 | 37,245 | 22,666 | SH | | DFND | 1 | 0 | 22,666 | 0 |
| BorgWarner Inc | COM | 099724106 | 889 | 28,300 | SH | | DFND | 1 | 0 | 28,300 | 0 |
| Bristol-Myers Squibb Co | COM | 110122108 | 4,251 | 59,800 | SH | | DFND | 1 | 0 | 59,800 | 0 |
| Broadridge Financial Solutions Inc | COM | 11133T103 | 1,530 | 10,600 | SH | | DFND | 1 | 0 | 10,600 | 0 |
| Broadcom Inc | COM | 11135F101 | 4,218 | 9,500 | SH | | DFND | 1 | 0 | 9,500 | 0 |
| Brunswick Corp/DE | COM | 117043109 | 25,960 | 396,644 | SH | | DFND | 1 | 0 | 396,644 | 0 |
| CH Robinson Worldwide Inc | COM NEW | 12541W209 | 1,021 | 10,600 | SH | | DFND | 1 | 0 | 10,600 | 0 |
| CSX Corp | COM | 126408103 | 1,276 | 47,900 | SH | | DFND | 1 | 0 | 47,900 | 0 |
| CVS Health Corp | COM | 126650100 | 4,463 | 46,800 | SH | | DFND | 1 | 0 | 46,800 | 0 |
| Campbell Soup Co | COM | 134429109 | 1,154 | 24,500 | SH | | DFND | 1 | 0 | 24,500 | 0 |
| Canadian National Railway Co | COM | 136375102 | 27,220 | 252,060 | SH | | DFND | 1 | 0 | 252,060 | 0 |
| Cardinal Health Inc | COM | 14149Y108 | 1,254 | 18,800 | SH | | DFND | 1 | 0 | 18,800 | 0 |
| Carlisle Cos Inc | COM | 142339100 | 32,386 | 115,494 | SH | | DFND | 1 | 0 | 115,494 | 0 |
| Carrier Global Corp | COM | 14448C104 | 1,262 | 35,500 | SH | | DFND | 1 | 0 | 35,500 | 0 |
| Celanese Corp | COM | 150870103 | 578 | 6,400 | SH | | DFND | 1 | 0 | 6,400 | 0 |
| Charter Communications Inc | CL A | 16119P108 | 22,900 | 75,491 | SH | | DFND | 1 | 0 | 75,491 | 0 |
| Chevron Corp | COM | 166764100 | 17,101 | 119,031 | SH | | DFND | 1 | 0 | 119,031 | 0 |
| Cisco Systems Inc | COM | 17275R102 | 3,192 | 79,800 | SH | | DFND | 1 | 0 | 79,800 | 0 |
| Coca-Cola Co/The | COM | 191216100 | 112,209 | 2,003,014 | SH | | DFND | 1 | 0 | 2,003,014 | 0 |
| Coca-Cola Femsa SAB de CV | SPONSORD ADR REP | 191241108 | 1,127 | 19,300 | SH | | DFND | 1 | 0 | 19,300 | 0 |
| Cognizant Technology Solutions Corp | CL A | 192446102 | 1,620 | 28,200 | SH | | DFND | 1 | 0 | 28,200 | 0 |
| Colgate-Palmolive Co | COM | 194162103 | 1,398 | 19,900 | SH | | DFND | 1 | 0 | 19,900 | 0 |
| Comcast Corp | CL A | 20030N101 | 962 | 32,800 | SH | | DFND | 1 | 0 | 32,800 | 0 |
| ConocoPhillips | COM | 20825C104 | 81,712 | 798,434 | SH | | DFND | 1 | 0 | 798,434 | 0 |
| Cummins Inc | COM | 231021106 | 1,099 | 5,400 | SH | | DFND | 1 | 0 | 5,400 | 0 |
| Danaher Corp | COM | 235851102 | 124,176 | 480,761 | SH | | DFND | 1 | 0 | 480,761 | 0 |
| Darden Restaurants Inc | COM | 237194105 | 1,263 | 10,000 | SH | | DFND | 1 | 0 | 10,000 | 0 |
| Deckers Outdoor Corp | COM | 243537107 | 37,179 | 118,931 | SH | | DFND | 1 | 0 | 118,931 | 0 |
| Deere & Co | COM | 244199105 | 1,135 | 3,400 | SH | | DFND | 1 | 0 | 3,400 | 0 |
| Dell Technologies Inc | CL C | 24703L202 | 810 | 23,700 | SH | | DFND | 1 | 0 | 23,700 | 0 |
| Dollar Tree Inc | COM | 256746108 | 59,503 | 437,199 | SH | | DFND | 1 | 0 | 437,199 | 0 |
| Dover Corp | COM | 260003108 | 874 | 7,500 | SH | | DFND | 1 | 0 | 7,500 | 0 |
| Eagle Materials Inc | COM | 26969P108 | 37,524 | 350,100 | SH | | DFND | 1 | 0 | 350,100 | 0 |
| Eastman Chemical Co | COM | 277432100 | 1,066 | 15,000 | SH | | DFND | 1 | 0 | 15,000 | 0 |
| Edwards Lifesciences Corp | COM | 28176E108 | 30,061 | 363,800 | SH | | DFND | 1 | 0 | 363,800 | 0 |
| Emerson Electric Co | COM | 291011104 | 1,193 | 16,300 | SH | | DFND | 1 | 0 | 16,300 | 0 |
| Enterprise Products Partners LP | COM | 293792107 | 1,353 | 56,900 | SH | | DFND | 1 | 0 | 56,900 | 0 |
| Expeditors International of Washington Inc | COM | 302130109 | 1,289 | 14,600 | SH | | DFND | 1 | 0 | 14,600 | 0 |
| Exxon Mobil Corp | COM | 30231G102 | 81,689 | 935,616 | SH | | DFND | 1 | 0 | 935,616 | 0 |
| Meta Platforms Inc | CL A | 30303M102 | 119,974 | 884,239 | SH | | DFND | 1 | 0 | 884,239 | 0 |
| Fair Isaac Corp | COM | 303250104 | 25,049 | 60,797 | SH | | DFND | 1 | 0 | 60,797 | 0 |
| Fastenal Co | COM | 311900104 | 50,308 | 1,092,702 | SH | | DFND | 1 | 0 | 1,092,702 | 0 |
| Fortune Brands Home & Security Inc | COM | 34964C106 | 945 | 17,600 | SH | | DFND | 1 | 0 | 17,600 | 0 |
| Franco-Nevada Corp | COM | 351858105 | 1,262 | 10,500 | SH | | DFND | 1 | 0 | 10,500 | 0 |
| Franklin Resources Inc | COM | 354613101 | 1,151 | 53,500 | SH | | DFND | 1 | 0 | 53,500 | 0 |
| FRANKLIN FTSE BRAZIL ETF | FTSE BRAZIL | 35473P835 | 1,275 | 66,230 | SH | | DFND | | 0 | 66,230 | 0 |
| Freeport-McMoRan Inc | CL B | 35671D857 | 60,983 | 2,231,360 | SH | | DFND | 1 | 0 | 2,231,360 | 0 |
| Generac Holdings Inc | COM | 368736104 | 34,995 | 196,448 | SH | | DFND | 1 | 0 | 196,448 | 0 |
| General Mills Inc | COM | 370334104 | 1,456 | 19,000 | SH | | DFND | 1 | 0 | 19,000 | 0 |
| Genuine Parts Co | COM | 372460105 | 2,314 | 15,500 | SH | | DFND | 1 | 0 | 15,500 | 0 |
| Grocery Outlet Holding Corp | COM | 39874R101 | 442 | 13,275 | SH | | DFND | | 0 | 13,275 | 0 |
| HP Inc | COM | 40434L105 | 820 | 32,900 | SH | | DFND | 1 | 0 | 32,900 | 0 |
| HEICO Corp | COM | 422806109 | 6,173 | 42,874 | SH | | DFND | 1 | 0 | 42,874 | 0 |
| Home Depot Inc/The | COM | 437076102 | 45,710 | 165,653 | SH | | DFND | 1 | 0 | 165,653 | 0 |
| Huntsman Corp | COM | 447011107 | 790 | 32,200 | SH | | DFND | 1 | 0 | 32,200 | 0 |
| ITT Inc | COM | 45073V108 | 836 | 12,800 | SH | | DFND | 1 | 0 | 12,800 | 0 |
| IDEXX Laboratories Inc | COM | 45168D104 | 37,106 | 113,892 | SH | | DFND | 1 | 0 | 113,892 | 0 |
| Illinois Tool Works Inc | COM | 452308109 | 1,283 | 7,100 | SH | | DFND | 1 | 0 | 7,100 | 0 |
| Ingersoll Rand Inc | COM | 45687V106 | 21,452 | 495,884 | SH | | DFND | 1 | 0 | 495,884 | 0 |
| Interpublic Group of Cos Inc/The | COM | 460690100 | 1,175 | 45,900 | SH | | DFND | 1 | 0 | 45,900 | 0 |
| Intuit Inc | COM | 461202103 | 105,812 | 273,190 | SH | | DFND | 1 | 0 | 273,190 | 0 |
| Intuitive Surgical Inc | COM NEW | 46120E602 | 34,092 | 181,883 | SH | | DFND | 1 | 0 | 181,883 | 0 |
| Invesco WilderHill Clean Energy ETF | WILDERHIL CLAN | 46137V134 | 6,106 | 126,730 | SH | | DFND | 1 | 0 | 126,730 | 0 |
| Invesco DB Agriculture Fund | AGRICULTURE FD | 46140H106 | 1,817 | 90,783 | SH | | DFND | 1 | 0 | 90,783 | 0 |
| IQVIA Holdings Inc | COM | 46266C105 | 40,891 | 225,743 | SH | | DFND | 1 | 0 | 225,743 | 0 |
| ISHARES MSCI AUSTRALIA ETF | MSCI AUST ETF | 464286103 | 404 | 20,600 | SH | | DFND | | 0 | 20,600 | 0 |
| ISHARES MSCI BRAZIL ETF | MSCI BRAZIL ETF | 464286400 | 2,723 | 86,800 | SH | | DFND | | 0 | 86,800 | 0 |
| ISHARES MSCI CANADA ETF | MSCI CDA ETF | 464286509 | 575 | 18,945 | SH | | DFND | | 0 | 18,945 | 0 |
| ISHARES MSCI CHILE ETF | MSCI CHILE ETF | 464286640 | 2,793 | 118,792 | SH | | DFND | | 0 | 118,792 | 0 |
| ISHARES CORE S&P 500 ETF | CORE S&P500 ETF | 464287200 | 324 | 906 | SH | | DFND | | 0 | 906 | 0 |
| ISHARES S&P 500 VALUE ETF | S&P 500 VAL ETF | 464287408 | 5,841 | 45,045 | SH | | DFND | | 0 | 45,045 | 0 |
| ISHARES U.S. INDUSTRIALS ETF | US INDUSTRIALS | 464287754 | 1,547 | 18,234 | SH | | DFND | | 0 | 18,234 | 0 |
| ISHARES EUROPE ETF | EUROPE ETF | 464287861 | 4,202 | 111,930 | SH | | DFND | | 0 | 111,930 | 0 |
| ISHARES MSCI ALL COUNTRY ASI | MSCI AC ASIA ETF | 464288182 | 6,416 | 111,428 | SH | | DFND | | 0 | 111,428 | 0 |
| ISHARES MSCI ACWI ETF | MSCI ACWI ETF | 464288257 | 1,590 | 20,505 | SH | | DFND | | 0 | 20,505 | 0 |
| iShares MBS ETF | MBS ETF | 464288588 | 30,970 | 338,060 | SH | | DFND | | 0 | 338,060 | 0 |
| iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF | ISHS 1-5YR INVS | 464288646 | 33,490 | 679,581 | SH | | DFND | | 0 | 679,581 | 0 |
| ISHARES MSCI INDONESIA ETF | MSCI INDONIA ETF | 46429B309 | 515 | 22,224 | SH | | DFND | | 0 | 22,224 | 0 |
| ISHARES MSCI TAIWAN ETF | MSCI TAIWAN ETF | 46434G772 | 2,415 | 57,018 | SH | | DFND | | 0 | 57,018 | 0 |
| ISHARES MSCI SINGAPORE ETF | MSCI SINGPOR ETF | 46434G780 | 513 | 30,356 | SH | | DFND | | 0 | 30,356 | 0 |
| ISHARES MSCI JAPAN ETF | MSCI JPN ETF NEW | 46434G822 | 1,876 | 38,484 | SH | | DFND | | 0 | 38,484 | 0 |
| ISHARES MSCI UNITED KINGDOM | MSCI UK ETF NEW | 46435G334 | 2,228 | 85,693 | SH | | DFND | | 0 | 85,693 | 0 |
| JPMorgan Chase & Co | COM | 46625H100 | 1,568 | 15,000 | SH | | DFND | 1 | 0 | 15,000 | 0 |
| JPMORGAN BETABUILDERS JAPAN | BETABULDRS JAPAN | 46641Q217 | 823 | 20,177 | SH | | DFND | | 0 | 20,177 | 0 |
| Johnson & Johnson | COM | 478160104 | 154,420 | 945,274 | SH | | DFND | 1 | 0 | 945,274 | 0 |
| KLA Corp | COM NEW | 482480100 | 1,513 | 5,000 | SH | | DFND | 1 | 0 | 5,000 | 0 |
| KKR & Co Inc | COM | 48251W104 | 37,753 | 877,970 | SH | | DFND | 1 | 0 | 877,970 | 0 |
| Kellogg Co | COM | 487836108 | 1,254 | 18,000 | SH | | DFND | 1 | 0 | 18,000 | 0 |
| Kroger Co/The | COM | 501044101 | 1,426 | 32,600 | SH | | DFND | 1 | 0 | 32,600 | 0 |
| L3Harris Technologies Inc | COM | 502431109 | 23,370 | 112,447 | SH | | DFND | 1 | 0 | 112,447 | 0 |
| Lam Research Corp | COM | 512807108 | 1,537 | 4,200 | SH | | DFND | 1 | 0 | 4,200 | 0 |
| Estee Lauder Cos Inc/The | CL A | 518439104 | 51,045 | 236,430 | SH | | DFND | 1 | 0 | 236,430 | 0 |
| Leggett & Platt Inc | COM | 524660107 | 860 | 25,900 | SH | | DFND | 1 | 0 | 25,900 | 0 |
| Lennox International Inc | COM | 526107107 | 980 | 4,400 | SH | | DFND | 1 | 0 | 4,400 | 0 |
| Eli Lilly & Co | COM | 532457108 | 66,912 | 206,935 | SH | | DFND | 1 | 0 | 206,935 | 0 |
| Lockheed Martin Corp | COM | 539830109 | 28,250 | 73,131 | SH | | DFND | 1 | 0 | 73,131 | 0 |
| Lowe's Cos Inc | COM | 548661107 | 1,540 | 8,200 | SH | | DFND | 1 | 0 | 8,200 | 0 |
| Lululemon Athletica Inc | COM | 550021109 | 34,551 | 123,590 | SH | | DFND | 1 | 0 | 123,590 | 0 |
| MKS Instruments Inc | COM | 55306N104 | 793 | 9,600 | SH | | DFND | 1 | 0 | 9,600 | 0 |
| Markel Corp | COM | 570535104 | 34,712 | 32,016 | SH | | DFND | 1 | 0 | 32,016 | 0 |
| Mastercard Inc | CL A | 57636Q104 | 112,730 | 396,461 | SH | | DFND | 1 | 0 | 396,461 | 0 |
| Merck & Co Inc | COM | 58933Y105 | 110,387 | 1,281,779 | SH | | DFND | 1 | 0 | 1,281,779 | 0 |
| Microsoft Corp | COM | 594918104 | 402,512 | 1,728,259 | SH | | DFND | 1 | 0 | 1,728,259 | 0 |
| Mondelez International Inc | CL A | 609207105 | 1,524 | 27,800 | SH | | DFND | 1 | 0 | 27,800 | 0 |
| Moody's Corp | COM | 615369105 | 52,204 | 214,733 | SH | | DFND | 1 | 0 | 214,733 | 0 |
| Motorola Solutions Inc | COM NEW | 620076307 | 1,523 | 6,800 | SH | | DFND | 1 | 0 | 6,800 | 0 |
| National Fuel Gas Co | COM | 636180101 | 819 | 13,300 | SH | | DFND | 1 | 0 | 13,300 | 0 |
| NextEra Energy Inc | COM | 65339F101 | 75,642 | 964,704 | SH | | DFND | 1 | 0 | 964,704 | 0 |
| NIKE Inc | CL B | 654106103 | 55,736 | 670,544 | SH | | DFND | 1 | 0 | 670,544 | 0 |
| Northrop Grumman Corp | COM | 666807102 | 92,470 | 196,610 | SH | | DFND | 1 | 0 | 196,610 | 0 |
| NVIDIA Corp | COM | 67066G104 | 24,654 | 203,099 | SH | | DFND | 1 | 0 | 203,099 | 0 |
| Omnicom Group Inc | COM | 681919106 | 789 | 12,500 | SH | | DFND | 1 | 0 | 12,500 | 0 |
| Open Text Corp | COM | 683715106 | 875 | 32,900 | SH | | DFND | 1 | 0 | 32,900 | 0 |
| Otis Worldwide Corp | COM | 68902V107 | 1,027 | 16,100 | SH | | DFND | 1 | 0 | 16,100 | 0 |
| Owens Corning | COM | 690742101 | 1,376 | 17,500 | SH | | DFND | 1 | 0 | 17,500 | 0 |
| PACCAR Inc | COM | 693718108 | 1,163 | 13,900 | SH | | DFND | 1 | 0 | 13,900 | 0 |
| Packaging Corp of America | COM | 695156109 | 853 | 7,600 | SH | | DFND | 1 | 0 | 7,600 | 0 |
| Paychex Inc | COM | 704326107 | 1,156 | 10,300 | SH | | DFND | 1 | 0 | 10,300 | 0 |
| Polaris Inc | COM | 731068102 | 631 | 6,600 | SH | | DFND | 1 | 0 | 6,600 | 0 |
| Pool Corp | COM | 73278L105 | 32,629 | 102,538 | SH | | DFND | 1 | 0 | 102,538 | 0 |
| T Rowe Price Group Inc | COM | 74144T108 | 1,071 | 10,200 | SH | | DFND | 1 | 0 | 10,200 | 0 |
| Procter & Gamble Co/The | COM | 742718109 | 1,578 | 12,500 | SH | | DFND | 1 | 0 | 12,500 | 0 |
| Prologis Inc | COM | 74340W103 | 21,930 | 215,845 | SH | | DFND | 1 | 0 | 215,845 | 0 |
| Public Storage | COM | 74460D109 | 1,318 | 4,500 | SH | | DFND | 1 | 0 | 4,500 | 0 |
| PulteGroup Inc | COM | 745867101 | 1,001 | 26,700 | SH | | DFND | 1 | 0 | 26,700 | 0 |
| Regal Rexnord Corp | COM | 758750103 | 56,491 | 402,472 | SH | | DFND | 1 | 0 | 402,472 | 0 |
| ResMed Inc | COM | 761152107 | 54,547 | 249,873 | SH | | DFND | 1 | 0 | 249,873 | 0 |
| Robert Half International Inc | COM | 770323103 | 1,025 | 13,400 | SH | | DFND | 1 | 0 | 13,400 | 0 |
| S&P Global Inc | COM | 78409V104 | 61,769 | 202,290 | SH | | DFND | 1 | 0 | 202,290 | 0 |
| SPDR S&P 500 ETF Trust | TR UNIT | 78462F103 | 9,877 | 27,702 | SH | | DFND | | 0 | 27,702 | 0 |
| SPDR Portfolio Intermediate Term Corporate Bond ETF | PORTFOLIO INTRMD | 78464A375 | 43,939 | 1,402,903 | SH | | DFND | | 0 | 1,402,903 | 0 |
| SPDR Portfolio Mortgage Backed Bond ETF | PORT MTG BK ETF | 78464A383 | 31,810 | 1,482,295 | SH | | DFND | | 0 | 1,482,295 | 0 |
| SPDR PORT S&P 500 VALUE | PRTFLO S&P500 VL | 78464A508 | 2,776 | 79,807 | SH | | DFND | | 0 | 79,807 | 0 |
| SPDR S&P 500 ESG ETF | S&P 500 ESG ETF | 78468R531 | 441 | 12,900 | SH | | DFND | | 0 | 12,900 | 0 |
| Salesforce Inc | COM | 79466L302 | 78,318 | 544,477 | SH | | DFND | 1 | 0 | 544,477 | 0 |
| Charles Schwab Corp/The | COM | 808513105 | 70,851 | 985,827 | SH | | DFND | 1 | 0 | 985,827 | 0 |
| Sealed Air Corp | COM | 81211K100 | 832 | 18,700 | SH | | DFND | 1 | 0 | 18,700 | 0 |
| MATERIALS SELECT SECTOR SPDR | SBI MATERIALS | 81369Y100 | 1,228 | 17,916 | SH | | DFND | | 0 | 17,916 | 0 |
| HEALTH CARE SELECT SECTOR | SBI HEALTHCARE | 81369Y209 | 8,688 | 71,268 | SH | | DFND | | 0 | 71,268 | 0 |
| CONSUMER STAPLES SPDR | SBI CONS STPLS | 81369Y308 | 3,177 | 46,961 | SH | | DFND | | 0 | 46,961 | 0 |
| CONSUMER DISCRETIONARY SELT | SBI CONS DISCR | 81369Y407 | 10,984 | 79,022 | SH | | DFND | | 0 | 79,022 | 0 |
| ENERGY SELECT SECTOR SPDR | ENERGY | 81369Y506 | 4,668 | 58,260 | SH | | DFND | | 0 | 58,260 | 0 |
| FINANCIAL SELECT SECTOR SPDR | FINANCIAL | 81369Y605 | 10,644 | 351,388 | SH | | DFND | | 0 | 351,388 | 0 |
| INDUSTRIAL SELECT SECT SPDR | SBI INT-INDS | 81369Y704 | 5,083 | 59,965 | SH | | DFND | | 0 | 59,965 | 0 |
| TECHNOLOGY SELECT SECT SPDR | TECHNOLOGY | 81369Y803 | 23,046 | 197,714 | SH | | DFND | | 0 | 197,714 | 0 |
| REAL ESTATE SELECT SECT SPDR | RL EST SEL SEC | 81369Y860 | 1,089 | 32,030 | SH | | DFND | | 0 | 32,030 | 0 |
| UTILITIES SELECT SECTOR SPDR | SBI INT-UTILS | 81369Y886 | 1,508 | 24,519 | SH | | DFND | | 0 | 24,519 | 0 |
| Sherwin-Williams Co/The | COM | 824348106 | 43,926 | 214,533 | SH | | DFND | 1 | 0 | 214,533 | 0 |
| Skyworks Solutions Inc | COM | 83088M102 | 981 | 11,500 | SH | | DFND | 1 | 0 | 11,500 | 0 |
| A O Smith Corp | COM | 831865209 | 904 | 18,600 | SH | | DFND | 1 | 0 | 18,600 | 0 |
| Snap-on Inc | COM | 833034101 | 1,490 | 7,400 | SH | | DFND | 1 | 0 | 7,400 | 0 |
| SolarEdge Technologies Inc | COM | 83417M104 | 33,570 | 145,037 | SH | | DFND | 1 | 0 | 145,037 | 0 |
| Stifel Financial Corp | COM | 860630102 | 820 | 15,800 | SH | | DFND | 1 | 0 | 15,800 | 0 |
| Sysco Corp | COM | 871829107 | 1,252 | 17,700 | SH | | DFND | 1 | 0 | 17,700 | 0 |
| TFI International Inc | COM | 87241L109 | 965 | 10,600 | SH | | DFND | 1 | 0 | 10,600 | 0 |
| T-Mobile US Inc | COM | 872590104 | 95,135 | 709,063 | SH | | DFND | 1 | 0 | 709,063 | 0 |
| Texas Instruments Inc | COM | 882508104 | 72,736 | 469,933 | SH | | DFND | 1 | 0 | 469,933 | 0 |
| Thermo Fisher Scientific Inc | COM | 883556102 | 81,533 | 160,754 | SH | | DFND | 1 | 0 | 160,754 | 0 |
| 3M Co | COM | 88579Y101 | 1,028 | 9,300 | SH | | DFND | 1 | 0 | 9,300 | 0 |
| Tractor Supply Co | COM | 892356106 | 66,114 | 355,680 | SH | | DFND | 1 | 0 | 355,680 | 0 |
| Tyson Foods Inc | CL A | 902494103 | 1,015 | 15,400 | SH | | DFND | 1 | 0 | 15,400 | 0 |
| Ulta Beauty Inc | COM | 90384S303 | 39,920 | 99,503 | SH | | DFND | 1 | 0 | 99,503 | 0 |
| Union Pacific Corp | COM | 907818108 | 67,882 | 348,436 | SH | | DFND | 1 | 0 | 348,436 | 0 |
| UnitedHealth Group Inc | COM | 91324P102 | 158,679 | 314,190 | SH | | DFND | 1 | 0 | 314,190 | 0 |
| VANECK MORNINGSTAR WIDE MOAT | MRNGSTR WDE MOAT | 92189F643 | 7,166 | 120,654 | SH | | DFND | | 0 | 120,654 | 0 |
| VANGUARD FTSE EUROPE ETF | FTSE EUROPE ETF | 922042874 | 450 | 9,836 | SH | | DFND | | 0 | 9,836 | 0 |
| VANGUARD CONSUMER STAPLE ETF | CONSUM STP ETF | 92204A207 | 2,343 | 13,417 | SH | | DFND | | 0 | 13,417 | 0 |
| VANGUARD FINANCIALS ETF | FINANCIALS ETF | 92204A405 | 3,295 | 44,115 | SH | | DFND | | 0 | 44,115 | 0 |
| VANGUARD HEALTH CARE ETF | HEALTH CAR ETF | 92204A504 | 7,639 | 34,073 | SH | | DFND | | 0 | 34,073 | 0 |
| VANGUARD COMMUNICATION SERVI | COMM SRVC ETF | 92204A884 | 7,728 | 94,491 | SH | | DFND | | 0 | 94,491 | 0 |
| Vanguard Short-Term Corporate Bond ETF | SHRT TRM CORP BD | 92206C409 | 38,105 | 512,721 | SH | | DFND | | 0 | 512,721 | 0 |
| Vanguard Mortgage-Backed Securities ETF | MTG-BKD SECS ETF | 92206C771 | 21,077 | 467,648 | SH | | DFND | | 0 | 467,648 | 0 |
| Vanguard S&P 500 ETF | S&P 500 ETF SHS | 922908363 | 35,075 | 106,941 | SH | | DFND | | 0 | 106,941 | 0 |
| Visa Inc | COM CL A | 92826C839 | 128,047 | 720,781 | SH | | DFND | 1 | 0 | 720,781 | 0 |
| Walgreens Boots Alliance Inc | COM | 931427108 | 860 | 27,400 | SH | | DFND | 1 | 0 | 27,400 | 0 |
| Waste Connections Inc | COM | 94106B101 | 40,525 | 299,900 | SH | | DFND | 1 | 0 | 299,900 | 0 |
| Watsco Inc | COM | 942622200 | 1,056 | 4,100 | SH | | DFND | 1 | 0 | 4,100 | 0 |
| Wells Fargo & Co | COM | 949746101 | 67,634 | 1,681,595 | SH | | DFND | 1 | 0 | 1,681,595 | 0 |
| Western Midstream Partners LP | COM UNIT LP INT | 958669103 | 1,024 | 40,700 | SH | | DFND | 1 | 0 | 40,700 | 0 |
| Westrock Co | COM | 96145D105 | 849 | 27,500 | SH | | DFND | 1 | 0 | 27,500 | 0 |
| Whirlpool Corp | COM | 963320106 | 903 | 6,700 | SH | | DFND | 1 | 0 | 6,700 | 0 |
| WISDOMTREE US SMALLCAP FUND | US SMALLCAP FUND | 97717W562 | 1,297 | 32,156 | SH | | DFND | | 0 | 32,156 | 0 |
| Zoetis Inc | CL A | 98978V103 | 48,128 | 324,550 | SH | | DFND | 1 | 0 | 324,550 | 0 |
| Deutsche Bank AG | NAMEN AKT | D18190898 | 74 | 9,834 | SH | | DFND | | 0 | 9,834 | 0 |
| Deutsche Bank AG | NAMEN AKT | D18190898 | 3,996 | 533,491 | SH | | DFND | 1 | 0 | 533,491 | 0 |
| Amdocs Ltd | SHS | G02602103 | 1,041 | 13,100 | SH | | DFND | 1 | 0 | 13,100 | 0 |
| Accenture PLC | SHS CLASS A | G1151C101 | 3,448 | 13,400 | SH | | DFND | 1 | 0 | 13,400 | 0 |
| Eaton Corp PLC | SHS | G29183103 | 1,454 | 10,900 | SH | | DFND | 1 | 0 | 10,900 | 0 |
| Johnson Controls International plc | SHS | G51502105 | 994 | 20,200 | SH | | DFND | 1 | 0 | 20,200 | 0 |
| Linde PLC | SHS | G5494J103 | 39,342 | 144,050 | SH | | DFND | | 0 | 144,050 | 0 |
| Linde PLC | SHS | G5494J103 | 68,771 | 254,556 | SH | | DFND | 1 | 0 | 254,556 | 0 |
| Medtronic PLC | SHS | G5960L103 | 2,536 | 31,400 | SH | | DFND | 1 | 0 | 31,400 | 0 |
| Seagate Technology Holdings PLC | ORD SHS | G7997R103 | 601 | 11,300 | SH | | DFND | 1 | 0 | 11,300 | 0 |
| Alcon Inc | ORD SHS | H01301128 | 8,716 | 147,167 | SH | | DFND | 1 | 0 | 147,167 | 0 |
| UBS Group AG | SHS | H42097107 | 205 | 13,873 | SH | | DFND | | 0 | 13,873 | 0 |
| UBS Group AG | SHS | H42097107 | 26,871 | 1,822,321 | SH | | DFND | 1 | 0 | 1,822,321 | 0 |
| TE Connectivity Ltd | SHS | H84989104 | 1,722 | 15,600 | SH | | DFND | 1 | 0 | 15,600 | 0 |
| CNH Industrial NV | SHS | N20944109 | 3,267 | 286,727 | SH | | DFND | 1 | 0 | 286,727 | 0 |
| Ferrari NV | COM | N3167Y103 | 5,837 | 31,084 | SH | | DFND | 1 | 0 | 31,084 | 0 |
| LyondellBasell Industries NV | SHS - A - | N53745100 | 933 | 12,400 | SH | | DFND | 1 | 0 | 12,400 | 0 |
| QIAGEN NV | SHS NEW | N72482123 | 2,603 | 61,836 | SH | | DFND | 1 | 0 | 61,836 | 0 |
| Stellantis NV | SHS | N82405106 | 6,257 | 520,738 | SH | | DFND | | 0 | 520,738 | 0 |
| Stellantis NV | SHS | N82405106 | 9,061 | 753,440 | SH | | DFND | 1 | 0 | 753,440 | 0 |
