The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 |
| AGCO CORP | COM | 001084102 | 20,736 | 444,700 | SH | DFND | 1 | 444,700 | 0 | 0 | |
| AGRIUM INC | COM | 008916108 | 38,574 | 322,525 | SH | DFND | 1 | 322,525 | 0 | 0 | |
| ALLERGAN PLC | COM | G0177J108 | 19,489 | 71,700 | SH | DFND | 1 | 71,700 | 0 | 0 | |
| AMDOCS LTD | COM | G02602103 | 31,568 | 555,000 | SH | DFND | 1 | 555,000 | 0 | 0 | |
| AMERICAN EXPRESS COMPANY | COM | 025816109 | 113,360 | 1,529,200 | SH | DFND | 1 | 1,529,200 | 0 | 0 | |
| AMERICAN RESIDENTIAL PROPERTIES INC | COM | 02927E303 | 13,781 | 798,000 | SH | DFND | 1 | 798,000 | 0 | 0 | |
| AMERICAN TOWER CORP | COM | 03027X100 | 20,999 | 238,674 | SH | DFND | 1 | 238,674 | 0 | 0 | |
| AMERICAN WATER WORKS CO INC | COM | 030420103 | 9,408 | 170,800 | SH | DFND | 1 | 170,800 | 0 | 0 | |
| AMERISOURCEBERGEN CORP | COM | 03073E105 | 71,224 | 749,800 | SH | DFND | 1 | 749,800 | 0 | 0 | |
| APPLE INC | COM | 037833100 | 7,500 | 68,000 | SH | DFND | 1 | 68,000 | 0 | 0 | |
| AVALONBAY COMMUNITIES INC | COM | 053484101 | 30,209 | 172,800 | SH | DFND | 1 | 172,800 | 0 | 0 | |
| B2GOLD CORP | COM | 11777Q209 | 23,392 | 16,589,880 | SH | DFND | 1 | 16,589,880 | 0 | 0 | |
| BAIDU INC | ADR | 056752108 | 1,237 | 9,005 | SH | DFND | 1 | 9,005 | 0 | 0 | |
| BANK OF NOVA SCOTIA | COM | 064149107 | 2,412 | 41,000 | SH | DFND | 1 | 41,000 | 0 | 0 | |
| BARD C R INC | COM | 067383109 | 15,128 | 81,200 | SH | DFND | 1 | 81,200 | 0 | 0 | |
| BAXALTA INC | COM | 07177M103 | 15,772 | 500,550 | SH | DFND | 1 | 500,550 | 0 | 0 | |
| BAXTER INTERNATIONAL INC | COM | 071813109 | 42,166 | 1,283,600 | SH | DFND | 1 | 1,283,600 | 0 | 0 | |
| BAYTEX ENERGY CORP | COM | 07317Q105 | 2,691 | 630,300 | SH | DFND | 1 | 630,300 | 0 | 0 | |
| BCE INC | COM | 05534B760 | 2,446 | 44,790 | SH | DFND | 1 | 44,790 | 0 | 0 | |
| BECTON DICKINSON AND CO | COM | 075887109 | 42,252 | 318,500 | SH | DFND | 1 | 318,500 | 0 | 0 | |
| BEMIS INC | COM | 081437105 | 396 | 10,000 | SH | DFND | 1 | 10,000 | 0 | 0 | |
| BERKSHIRE HATHAWAY INC | CL A | 084670108 | 106,406 | 545 | SH | DFND | 1 | 545 | 0 | 0 | |
| BERKSHIRE HATHAWAY INC | CL B | 084670702 | 12,850 | 98,545 | SH | DFND | 1 | 98,545 | 0 | 0 | |
| BLOCK H & R INC | COM | 093671105 | 2,516 | 69,500 | SH | DFND | 1 | 69,500 | 0 | 0 | |
| BOSTON PROPERTIES INC | COM | 101121101 | 25,860 | 218,415 | SH | DFND | 1 | 218,415 | 0 | 0 | |
| BROOKFIELD ASSET MGMT INC. | CL A | 112585104 | 150,835 | 3,592,165 | SH | DFND | 1 | 3,592,165 | 0 | 0 | |
| BROOKFIELD INFRASTRUCTURE PARTNERS L.P. | LP INT UNIT | G16252101 | 13,119 | 266,806 | SH | DFND | 1 | 266,806 | 0 | 0 | |
| CAE INC | COM | 124765108 | 638 | 45,100 | SH | DFND | 1 | 45,100 | 0 | 0 | |
| CAMDEN PROPERTY TRUST | UNIT | 133131102 | 20,323 | 275,000 | SH | DFND | 1 | 275,000 | 0 | 0 | |
| CANADIAN NATURAL RESOURCES LTD | COM | 136385101 | 4,775 | 183,800 | SH | DFND | 1 | 183,800 | 0 | 0 | |
| CANADIAN NATIONAL RAILWAY CO | COM | 136375102 | 170,605 | 2,251,320 | SH | DFND | 1 | 2,251,320 | 0 | 0 | |
| CANADIAN PACIFIC RAILWAY LTD | COM | 13645T100 | 18,790 | 98,100 | SH | DFND | 1 | 98,100 | 0 | 0 | |
| CANADIAN IMPERIAL BANK OF COMMERCE | COM | 136069101 | 2,619 | 27,300 | SH | DFND | 1 | 27,300 | 0 | 0 | |
| CINEMARK HOLDINGS INC | COM | 17243V102 | 86,966 | 2,676,715 | SH | DFND | 1 | 2,676,715 | 0 | 0 | |
| CISCO SYSTEMS INC | COM | 17275R102 | 45,833 | 1,746,000 | SH | DFND | 1 | 1,746,000 | 0 | 0 | |
| CME GROUP INC | COM | 12572Q105 | 5,370 | 57,900 | SH | DFND | 1 | 57,900 | 0 | 0 | |
| COMCAST CORP | CL A | 20030N101 | 135,834 | 2,388,083 | SH | DFND | 1 | 2,388,083 | 0 | 0 | |
| CRESCENT POINT ENERGY CORP | COM | 22576C101 | 4,575 | 299,587 | SH | DFND | 1 | 299,587 | 0 | 0 | |
| CRH MEDICAL CORP | COM | 12626F105 | 816 | 191,000 | SH | DFND | 1 | 191,000 | 0 | 0 | |
| CROWN CASTLE INTERNATIONAL CORP | COM | 22822V101 | 15,087 | 191,295 | SH | DFND | 1 | 191,295 | 0 | 0 | |
| CROWN HOLDINGS INC | COM | 228368106 | 83,292 | 1,820,600 | SH | DFND | 1 | 1,820,600 | 0 | 0 | |
| CST BRANDS INC | COM | 12646R105 | 42,141 | 1,251,960 | SH | DFND | 1 | 1,251,960 | 0 | 0 | |
| CSX CORP | COM | 126408103 | 151,120 | 5,617,840 | SH | DFND | 1 | 5,617,840 | 0 | 0 | |
| CVS HEALTH CORP | COM | 126650100 | 136,519 | 1,415,000 | SH | DFND | 1 | 1,415,000 | 0 | 0 | |
| DEERE & CO | COM | 244199105 | 32,197 | 435,100 | SH | DFND | 1 | 435,100 | 0 | 0 | |
| DELPHI AUTOMOTIVE PLC | COM | G27823106 | 15,903 | 209,146 | SH | DFND | 1 | 209,146 | 0 | 0 | |
| DENISON MINES CORP | COM | 248356107 | 850 | 1,700,000 | SH | DFND | 1 | 1,700,000 | 0 | 0 | |
| DISCOVERY COMMUNICATNS | COM | 25470F104 | 7,866 | 302,200 | SH | DFND | 1 | 302,200 | 0 | 0 | |
| DISNEY WALT CO | COM | 254687106 | 29,853 | 292,100 | SH | DFND | 1 | 292,100 | 0 | 0 | |
| DOW CHEM CO | COM | 260543103 | 17,638 | 416,000 | SH | DFND | 1 | 416,000 | 0 | 0 | |
| DUN & BRADSTREET CORP | COM | 26483E100 | 1,680 | 16,000 | SH | DFND | 1 | 16,000 | 0 | 0 | |
| EDISON INTERNATIONAL | COM | 281020107 | 7,371 | 116,865 | SH | DFND | 1 | 116,865 | 0 | 0 | |
| ENBRIDGE INC | COM | 29250N105 | 27,897 | 563,015 | SH | DFND | 1 | 563,015 | 0 | 0 | |
| EXELON CORPORATION | COM | 30161N101 | 9,461 | 318,550 | SH | DFND | 1 | 318,550 | 0 | 0 | |
| EXPRESS SCRIPTS HOLDING CO | COM | 30219G108 | 112,611 | 1,390,950 | SH | DFND | 1 | 1,390,950 | 0 | 0 | |
| FEDERAL REALTY INVESTMENT TRUST | UNIT | 313747206 | 912 | 6,685 | SH | DFND | 1 | 6,685 | 0 | 0 | |
| FIRST REPUBLIC BANK/CA | COM | 33616C100 | 23,162 | 369,000 | SH | DFND | 1 | 369,000 | 0 | 0 | |
| FISERV INC | COM | 337738108 | 11,103 | 128,200 | SH | DFND | 1 | 128,200 | 0 | 0 | |
| FORTUNA SILVER MINES INC | COM | 349915108 | 5,251 | 1,792,000 | SH | DFND | 1 | 1,792,000 | 0 | 0 | |
| GENERAC HLDGS INC | COM | 368736104 | 1,291 | 42,900 | SH | DFND | 1 | 42,900 | 0 | 0 | |
| GENERAL GROWTH PROPERTIES INC | COM | 370023103 | 26,030 | 1,002,299 | SH | DFND | 1 | 1,002,299 | 0 | 0 | |
| GOLDEN STAR RES LTD CDA | COM | 38119T104 | 7,998 | 30,180,600 | SH | DFND | 1 | 30,180,600 | 0 | 0 | |
| GOOGLE INC | CL A | 38259P508 | 51,704 | 80,993 | SH | DFND | 1 | 80,993 | 0 | 0 | |
| GOOGLE INC | CL C | 38259P706 | 113,910 | 187,223 | SH | DFND | 1 | 187,223 | 0 | 0 | |
| HARLEY DAVIDSON INC. | COM | 412822108 | 9,717 | 177,000 | SH | DFND | 1 | 177,000 | 0 | 0 | |
| HEALTHSOUTH CORP. | COM | 421924309 | 1,294 | 33,715 | SH | DFND | 1 | 33,715 | 0 | 0 | |
| HSBC HOLDINGS PLC 5.625% 12/29/2049 | NOTE | 404280AR0 | 1,021,125 | 10,500,000 | SH | DFND | 1 | 10,500,000 | 0 | 0 | |
| HUDBAY MINERALS INC | COM | 443628102 | 1,185 | 240,400 | SH | DFND | 1 | 240,400 | 0 | 0 | |
| INTERNATIONAL FLAVORS & FRAGRANCES INC | COM | 459506101 | 8,364 | 81,000 | SH | DFND | 1 | 81,000 | 0 | 0 | |
| JARDEN CORP. | COM | 471109108 | 46,485 | 951,000 | SH | DFND | 1 | 951,000 | 0 | 0 | |
| JOHNSON & JOHNSON | COM | 478160104 | 10,231 | 109,600 | SH | DFND | 1 | 109,600 | 0 | 0 | |
| JPMORGAN CHASE & CO | COM | 46625H100 | 143,010 | 2,345,580 | SH | DFND | 1 | 2,345,580 | 0 | 0 | |
| KANSAS CITY SOUTHERN | COM | 485170302 | 28,332 | 311,757 | SH | DFND | 1 | 311,757 | 0 | 0 | |
| KINDER MORGAN INC | COM | 49456B101 | 13,372 | 483,077 | SH | DFND | 1 | 483,077 | 0 | 0 | |
| LABORATORY CORP OF AMERICA HOLDINGS | COM | 50540R409 | 19,308 | 178,000 | SH | DFND | 1 | 178,000 | 0 | 0 | |
| LAKE SHORE GOLD CORP | COM | 510728108 | 23,334 | 20,833,500 | SH | DFND | 1 | 20,833,500 | 0 | 0 | |
| LEUCADIA NATIONAL CORP | COM | 527288104 | 76,148 | 3,758,550 | SH | DFND | 1 | 3,758,550 | 0 | 0 | |
| MACQUARIE INFRASTRUCTURE CORP. | COM | 55608B105 | 42,025 | 562,881 | SH | DFND | 1 | 562,881 | 0 | 0 | |
| MAGNA INTERNATIONAL INC | COM | 559222401 | 155,980 | 2,436,800 | SH | DFND | 1 | 2,436,800 | 0 | 0 | |
| MANULIFE FINANCIAL CORPORATION | COM | 56501R106 | 27,119 | 1,313,900 | SH | DFND | 1 | 1,313,900 | 0 | 0 | |
| MARATHON PETE CORP | COM | 56585A102 | 1,297 | 28,000 | SH | DFND | 1 | 28,000 | 0 | 0 | |
| MARKEL CORP | COM | 570535104 | 30,551 | 38,100 | SH | DFND | 1 | 38,100 | 0 | 0 | |
| MASTERCARD INC | CL A | 57636Q104 | 111,412 | 1,236,260 | SH | DFND | 1 | 1,236,260 | 0 | 0 | |
| MCDONALD'S CORP | COM | 580135101 | 61,764 | 626,850 | SH | DFND | 1 | 626,850 | 0 | 0 | |
| MCKESSON CORP | COM | 58155Q103 | 122,518 | 662,150 | SH | DFND | 1 | 662,150 | 0 | 0 | |
| MEDTRONIC INC | COM | G5960L103 | 155,771 | 2,327,030 | SH | DFND | 1 | 2,327,030 | 0 | 0 | |
| METHANEX CORP. | COM | 59151K108 | 1,729 | 39,100 | SH | DFND | 1 | 39,100 | 0 | 0 | |
| MICROSEMI CORP | COM | 595137100 | 926 | 28,200 | SH | DFND | 1 | 28,200 | 0 | 0 | |
| MICROSOFT CORP | COM | 594918104 | 91,065 | 2,057,500 | SH | DFND | 1 | 2,057,500 | 0 | 0 | |
| MONDELEZ INTL INC | CL A | 609207105 | 1,424 | 34,000 | SH | DFND | 1 | 34,000 | 0 | 0 | |
| MOUNTAIN PROVINCE DIAMONDS INC. | COM | 62426E402 | 1,117 | 324,650 | SH | DFND | 1 | 324,650 | 0 | 0 | |
| NATIONAL OILWELL VARCO INC | COM | 637071101 | 22,247 | 590,900 | SH | DFND | 1 | 590,900 | 0 | 0 | |
| NEXTERA ENERGY INC | COM | 65339F101 | 11,259 | 115,416 | SH | DFND | 1 | 115,416 | 0 | 0 | |
| NEXTERA ENERGY PARTNERS LP | LP UNIT | 65341B106 | 5,690 | 261,000 | SH | DFND | 1 | 261,000 | 0 | 0 | |
| NIELSEN HLDGS PLC | COM | G6518L108 | 130,956 | 2,944,825 | SH | DFND | 1 | 2,944,825 | 0 | 0 | |
| NORDSON CORPORATION | COM | 655663102 | 1,053 | 16,725 | SH | DFND | 1 | 16,725 | 0 | 0 | |
| NORFOLK SOUTHERN CORP | COM | 655844108 | 54,005 | 706,873 | SH | DFND | 1 | 706,873 | 0 | 0 | |
| NRG YIELD INC | CL A | 62942X306 | 1,282 | 115,000 | SH | DFND | 1 | 115,000 | 0 | 0 | |
| NRG YIELD INC | CL C | 62942X405 | 6,191 | 533,270 | SH | DFND | 1 | 533,270 | 0 | 0 | |
| NXP SEMICONDUCTOR NV | COM | N6596X109 | 22,505 | 258,475 | SH | DFND | 1 | 258,475 | 0 | 0 | |
| OMNICOM GROUP INC | COM | 681919106 | 67,402 | 1,022,790 | SH | DFND | 1 | 1,022,790 | 0 | 0 | |
| ORACLE CORP | COM | 68389X105 | 391,766 | 10,846,225 | SH | DFND | 1 | 10,846,225 | 0 | 0 | |
| PATTERN ENERGY GROUP INC | CL A | 70338P100 | 9,719 | 509,138 | SH | DFND | 1 | 509,138 | 0 | 0 | |
| PEMBINA PIPELINE CORP | COM | 706327103 | 15,107 | 470,485 | SH | DFND | 1 | 470,485 | 0 | 0 | |
| PENSKE AUTOMOTIVE GROUP INC | COM | 70959W103 | 57,414 | 1,185,261 | SH | DFND | 1 | 1,185,261 | 0 | 0 | |
| PERFORMANCE SPORTS GROUP LTD | COM | 71377G100 | 34,204 | 1,912,975 | SH | DFND | 1 | 1,912,975 | 0 | 0 | |
| PHILIP MORRIS INTERNATIONAL INC | COM | 718172109 | 49,514 | 624,150 | SH | DFND | 1 | 624,150 | 0 | 0 | |
| POTASH CORPORATION OF SASKATCHEWAN INC./THE | COM | 73755L107 | 14,236 | 519,000 | SH | DFND | 1 | 519,000 | 0 | 0 | |
| PRAXAIR INC | COM | 74005P104 | 38,422 | 377,200 | SH | DFND | 1 | 377,200 | 0 | 0 | |
| PRIMERO MINING CORP | COM | 74164W106 | 42,412 | 13,593,536 | SH | DFND | 1 | 13,593,536 | 0 | 0 | |
| PROGRESSIVE WASTE SOLUTIONS LTD | COM | 74339G101 | 314,200 | 8,903,360 | SH | DFND | 1 | 8,903,360 | 0 | 0 | |
| PROLOGIS INC | COM | 74340W103 | 50,272 | 1,292,340 | SH | DFND | 1 | 1,292,340 | 0 | 0 | |
| PTC INC | COM | 69370C100 | 933 | 29,400 | SH | DFND | 1 | 29,400 | 0 | 0 | |
| PUBLIC STORAGE | COM | 74460D109 | 1,501 | 7,093 | SH | DFND | 1 | 7,093 | 0 | 0 | |
| PVH CORP | COM | 693656100 | 23,752 | 233,000 | SH | DFND | 1 | 233,000 | 0 | 0 | |
| QUALCOMM INC | COM | 747525103 | 54,590 | 1,016,000 | SH | DFND | 1 | 1,016,000 | 0 | 0 | |
| RAYMOND JAMES FINANCIAL INC | COM | 754730109 | 2,531 | 51,000 | SH | DFND | 1 | 51,000 | 0 | 0 | |
| REPUBLIC SERVICES INC | COM | 760759100 | 373,246 | 9,059,361 | SH | DFND | 1 | 9,059,361 | 0 | 0 | |
| RICHMONT MINES INC | COM | 76547T106 | 9,893 | 2,652,300 | SH | DFND | 1 | 2,652,300 | 0 | 0 | |
| ROYAL BANK OF CANADA | COM | 780087102 | 2,306 | 31,250 | SH | DFND | 1 | 31,250 | 0 | 0 | |
| SANDSTORM GOLD LTD | COM | 80013R206 | 29,919 | 8,427,984 | SH | DFND | 1 | 8,427,984 | 0 | 0 | |
| SBA COMMUNICATIONS CORP | COM | 78388J106 | 13,644 | 130,265 | SH | DFND | 1 | 130,265 | 0 | 0 | |
| SCHOLASTIC CORP | COM | 807066105 | 1,983 | 50,900 | SH | DFND | 1 | 50,900 | 0 | 0 | |
| SEMPRA ENERGY | COM | 816851109 | 14,473 | 149,635 | SH | DFND | 1 | 149,635 | 0 | 0 | |
| SHAW COMMUNICATIONS INC | CL B | 82028K200 | 54,336 | 2,102,800 | SH | DFND | 1 | 2,102,800 | 0 | 0 | |
| SILVER WHEATON CORP | COM | 828336107 | 4,239 | 264,250 | SH | DFND | 1 | 264,250 | 0 | 0 | |
| SIMON PROPERTY GROUP INC | COM | 828806109 | 52,515 | 285,845 | SH | DFND | 1 | 285,845 | 0 | 0 | |
| SPDR GOLD TRUST | COM | 78463V107 | 9,361 | 87,600 | SH | DFND | 1 | 87,600 | 0 | 0 | |
| STANTEC INC | COM | 85472N109 | 37,739 | 1,292,425 | SH | DFND | 1 | 1,292,425 | 0 | 0 | |
| STARWOOD HOTELS & RESORTS WORLDWIDE INC | COM | 85590A401 | 18,242 | 274,405 | SH | DFND | 1 | 274,405 | 0 | 0 | |
| STILLWATER MINING CO | COM | 86074Q102 | 405 | 39,200 | SH | DFND | 1 | 39,200 | 0 | 0 | |
| SUN LIFE FINANCIAL INC | COM | 866796105 | 1,476 | 34,300 | SH | DFND | 1 | 34,300 | 0 | 0 | |
| SUNCOR ENERGY INC | COM | 867224107 | 1,111 | 31,120 | SH | DFND | 1 | 31,120 | 0 | 0 | |
| SYNOPSYS INC | COM | 871607107 | 880 | 19,050 | SH | DFND | 1 | 19,050 | 0 | 0 | |
| TAHOE RESOURCES INC. | COM | 873868103 | 26,955 | 2,614,409 | SH | DFND | 1 | 2,614,409 | 0 | 0 | |
| TE CONNECTIVITY LTD | COM | H84989104 | 21,704 | 362,400 | SH | DFND | 1 | 362,400 | 0 | 0 | |
| TEEKAY CORPORATION | COM | Y8564W103 | 11,725 | 395,566 | SH | DFND | 1 | 395,566 | 0 | 0 | |
| TELUS CORP | COM | 87971M103 | 127,856 | 3,040,575 | SH | DFND | 1 | 3,040,575 | 0 | 0 | |
| THOMSON REUTERS CORP | COM | 884903105 | 2,478 | 46,200 | SH | DFND | 1 | 46,200 | 0 | 0 | |
| TIMMINS GOLD CORP | COM | 88741P103 | 8,498 | 25,366,800 | SH | DFND | 1 | 25,366,800 | 0 | 0 | |
| TJX COS INC/THE | COM | 872540109 | 101,071 | 1,415,160 | SH | DFND | 1 | 1,415,160 | 0 | 0 | |
| TORCHMARK CORP | COM | 891027104 | 35,870 | 636,000 | SH | DFND | 1 | 636,000 | 0 | 0 | |
| TORONTO DOMINION BK | COM | 891160509 | 60,995 | 1,159,600 | SH | DFND | 1 | 1,159,600 | 0 | 0 | |
| TRANSCANADA CORP | COM | 89353D107 | 110,336 | 2,614,600 | SH | DFND | 1 | 2,614,600 | 0 | 0 | |
| UBS GROUP AG | COM | H42097107 | 15,260 | 847,290 | SH | DFND | 1 | 847,290 | 0 | 0 | |
| UNION PACIFIC CORP | COM | 907818108 | 112,357 | 1,270,863 | SH | DFND | 1 | 1,270,863 | 0 | 0 | |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | 366,054 | 3,709,131 | SH | DFND | 1 | 3,709,131 | 0 | 0 | |
| UNITED TECHNOLOGIES CORP | COM | 913017109 | 47,717 | 536,210 | SH | DFND | 1 | 536,210 | 0 | 0 | |
| UNITEDHEALTH GROUP INC. | COM | 91324P102 | 43,666 | 376,400 | SH | DFND | 1 | 376,400 | 0 | 0 | |
| US BANCORP | COM | 902973304 | 136,164 | 3,320,275 | SH | DFND | 1 | 3,320,275 | 0 | 0 | |
| VALERO ENERGY CORP | COM | 91913Y100 | 1,202 | 20,000 | SH | DFND | 1 | 20,000 | 0 | 0 | |
| VARIAN MEDICAL SYSTEMS INC | COM | 92220P105 | 23,005 | 311,800 | SH | DFND | 1 | 311,800 | 0 | 0 | |
| VENTAS INC | COM | 92276F100 | 893 | 15,935 | SH | DFND | 1 | 15,935 | 0 | 0 | |
| VERISIGN INC | COM | 92343E102 | 79,247 | 1,123,110 | SH | DFND | 1 | 1,123,110 | 0 | 0 | |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | 56,650 | 1,302,000 | SH | DFND | 1 | 1,302,000 | 0 | 0 | |
| VERMILION ENERGY INC | COM | 923725105 | 9,102 | 211,825 | SH | DFND | 1 | 211,825 | 0 | 0 | |
| VISA INC | CL A | 92826C839 | 86,404 | 1,240,372 | SH | DFND | 1 | 1,240,372 | 0 | 0 | |
| VORNADO REALTY TRUST | INT | 929042109 | 916 | 10,135 | SH | DFND | 1 | 10,135 | 0 | 0 | |
| WASTE CONNECTIONS INC | COM | 941053100 | 2,327 | 47,900 | SH | DFND | 1 | 47,900 | 0 | 0 | |
| WATERS CORP | COM | 941848103 | 14,303 | 121,000 | SH | DFND | 1 | 121,000 | 0 | 0 | |
| WELLS FARGO & CO | COM | 949746101 | 136,945 | 2,666,895 | SH | DFND | 1 | 2,666,895 | 0 | 0 | |
| WILLIAMS COS INC/THE | COM | 969457100 | 13,959 | 378,815 | SH | DFND | 1 | 378,815 | 0 | 0 | |
| ZIMMER HOLDINGS INC | COM | 98956P102 | 88,413 | 941,270 | SH | DFND | 1 | 941,270 | 0 | 0 | |
| ZOETIS INC | CL A | 98978V103 | 449 | 10,900 | SH | DFND | 1 | 10,900 | 0 | 0 | |