<SEC-DOCUMENT>0001104659-15-011052.txt : 20150218
<SEC-HEADER>0001104659-15-011052.hdr.sgml : 20150216
<ACCEPTANCE-DATETIME>20150217123811
ACCESSION NUMBER:		0001104659-15-011052
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20141231
FILED AS OF DATE:		20150217
DATE AS OF CHANGE:		20150217
EFFECTIVENESS DATE:		20150217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SUN LIFE FINANCIAL INC
		CENTRAL INDEX KEY:			0001097362
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-05799
		FILM NUMBER:		15620043

	BUSINESS ADDRESS:	
		STREET 1:		150 KING STREET WEST
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 1J9
		BUSINESS PHONE:		4169799966

	MAIL ADDRESS:	
		STREET 1:		SUN LIFE ASSURANCE CO OF CANADA
		STREET 2:		150 KING STREET WEST SUITE 1400
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 1J9

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SUN LIFE FINANCIAL SERVICES INC
		DATE OF NAME CHANGE:	20030702

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SUN LIFE FINANCIAL SERVICES OF CANADA INC
		DATE OF NAME CHANGE:	20000224
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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    <submissionType>13F-HR</submissionType>
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      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <credentials>
          <cik>0001097362</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>12-31-2014</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>12-31-2014</reportCalendarOrQuarter>
      <isAmendment>false</isAmendment>
      <filingManager>
        <name>Sun Life Financial INC</name>
        <address>
          <ns1:street1>Sun Life Assurance CO of Canada</ns1:street1>
          <ns1:street2>150 King Street West Suite 1400</ns1:street2>
          <ns1:city>Toronto</ns1:city>
          <ns1:stateOrCountry>A6</ns1:stateOrCountry>
          <ns1:zipCode>M5H 1J9</ns1:zipCode>
        </address>
      </filingManager>
      <reportType>13F COMBINATION REPORT</reportType>
      <form13FFileNumber>028-05799</form13FFileNumber>
      <otherManagersInfo>
        <otherManager>
          <form13FFileNumber>028-06597</form13FFileNumber>
          <name>McLean Budden</name>
        </otherManager>
        <otherManager>
          <form13FFileNumber>028-04968</form13FFileNumber>
          <name>MFS</name>
        </otherManager>
      </otherManagersInfo>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Mallory Z. Douraghi</name>
      <title>Compliance Associate</title>
      <phone>781-446-1974</phone>
      <signature>Mallory Z. Douraghi</signature>
      <city>Wellesley Hills</city>
      <stateOrCountry>MA</stateOrCountry>
      <signatureDate>02-13-2015</signatureDate>
    </signatureBlock>
    <summaryPage>
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      <tableEntryTotal>92</tableEntryTotal>
      <tableValueTotal>954064</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
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<DOCUMENT>
<TYPE>INFORMATION TABLE
<SEQUENCE>2
<FILENAME>a15-2114_1informationtable.xml
<DESCRIPTION>INFORMATION TABLE
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    <nameOfIssuer>Exxon Mobil Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30231G102</cusip>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
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      <Sole>59466</Sole>
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      <None>0</None>
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    <nameOfIssuer>Fifth Third Bancorp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>316773100</cusip>
    <value>2533</value>
    <shrsOrPrnAmt>
      <sshPrnamt>124297</sshPrnamt>
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      <Sole>124297</Sole>
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      <None>0</None>
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    <nameOfIssuer>Financial Select Sector SPDR</nameOfIssuer>
    <titleOfClass>SBI Int-Finl</titleOfClass>
    <cusip>81369Y605</cusip>
    <value>20036</value>
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      <sshPrnamt>810207</sshPrnamt>
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    <otherManager>1</otherManager>
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      <Sole>810207</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>General Electric Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>369604103</cusip>
    <value>3662</value>
    <shrsOrPrnAmt>
      <sshPrnamt>144916</sshPrnamt>
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      <Sole>144916</Sole>
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      <None>0</None>
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    <nameOfIssuer>Goldman Sachs Group Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>38141G104</cusip>
    <value>3369</value>
    <shrsOrPrnAmt>
      <sshPrnamt>17381</sshPrnamt>
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    <otherManager>1</otherManager>
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      <Sole>17381</Sole>
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      <None>0</None>
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    <nameOfIssuer>Goodyear Tire &amp; Rubber Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>382550101</cusip>
    <value>4249</value>
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      <sshPrnamt>148724</sshPrnamt>
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    <otherManager>1</otherManager>
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      <Sole>148724</Sole>
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      <None>0</None>
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    <nameOfIssuer>Google Inc</nameOfIssuer>
    <titleOfClass>CL C</titleOfClass>
    <cusip>38259P706</cusip>
    <value>3409</value>
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      <Sole>6476</Sole>
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    <nameOfIssuer>Google Inc</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>38259P508</cusip>
    <value>3089</value>
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      <sshPrnamt>5821</sshPrnamt>
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      <Sole>5821</Sole>
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      <None>0</None>
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    <nameOfIssuer>Halyard Health Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>40650V100</cusip>
    <value>125</value>
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      <sshPrnamt>2750</sshPrnamt>
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    <otherManager>1</otherManager>
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      <Sole>2750</Sole>
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      <None>0</None>
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    <nameOfIssuer>Health Care Select Sector SPDR</nameOfIssuer>
    <titleOfClass>SBI Healthcare</titleOfClass>
    <cusip>81369Y209</cusip>
    <value>28512</value>
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      <sshPrnamt>416963</sshPrnamt>
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    <otherManager>1</otherManager>
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      <Sole>416963</Sole>
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      <None>0</None>
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    <nameOfIssuer>Hess Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>42809H107</cusip>
    <value>2006</value>
    <shrsOrPrnAmt>
      <sshPrnamt>27169</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
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      <Sole>27169</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Honeywell International Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>438516106</cusip>
    <value>3669</value>
    <shrsOrPrnAmt>
      <sshPrnamt>36721</sshPrnamt>
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    <otherManager>1</otherManager>
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      <Sole>36721</Sole>
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      <None>0</None>
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    <nameOfIssuer>Industrial Select Sect SPDR</nameOfIssuer>
    <titleOfClass>SBI Int-Inds</titleOfClass>
    <cusip>81369Y704</cusip>
    <value>11923</value>
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      <sshPrnamt>210771</sshPrnamt>
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    <otherManager>1</otherManager>
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      <Sole>210771</Sole>
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    <nameOfIssuer>International Paper Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>460146103</cusip>
    <value>6459</value>
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      <Sole>120543</Sole>
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    <nameOfIssuer>IShares</nameOfIssuer>
    <titleOfClass>MSCI UTD KNGDM</titleOfClass>
    <cusip>46434V548</cusip>
    <value>3315</value>
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      <sshPrnamt>183870</sshPrnamt>
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    <cusip>464287713</cusip>
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  <infoTable>
    <nameOfIssuer>ISHARES MSCI EAFE INDEX FUND</nameOfIssuer>
    <titleOfClass>MSCI EAFE Index</titleOfClass>
    <cusip>464287465</cusip>
    <value>5847</value>
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      <Sole>96100</Sole>
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    <nameOfIssuer>ISHARES MSCI FRANCE ETF</nameOfIssuer>
    <titleOfClass>MSCI France Index</titleOfClass>
    <cusip>464286707</cusip>
    <value>2684</value>
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      <None>0</None>
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    <nameOfIssuer>ISHARES MSCI GERMANY ETF</nameOfIssuer>
    <titleOfClass>MSCI Germany Index</titleOfClass>
    <cusip>464286806</cusip>
    <value>540</value>
    <shrsOrPrnAmt>
      <sshPrnamt>19700</sshPrnamt>
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      <None>0</None>
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    <nameOfIssuer>ISHARES MSCI JAPAN ETF</nameOfIssuer>
    <titleOfClass>MSCI Japan Index</titleOfClass>
    <cusip>464286848</cusip>
    <value>6730</value>
    <shrsOrPrnAmt>
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    <nameOfIssuer>ISHARES MSCI MEXICO CAPPED ETF</nameOfIssuer>
    <titleOfClass>MSCI Mexico</titleOfClass>
    <cusip>464286822</cusip>
    <value>1133</value>
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    <nameOfIssuer>ISHARES MSCI UNITED KINGDOM ETF</nameOfIssuer>
    <titleOfClass>MSCI United Kingdom</titleOfClass>
    <cusip>46434V548</cusip>
    <value>2248</value>
    <shrsOrPrnAmt>
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    <nameOfIssuer>IShares Tr</nameOfIssuer>
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    <cusip>464287465</cusip>
    <value>7104</value>
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    <nameOfIssuer>IShares Tr</nameOfIssuer>
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    <cusip>464287200</cusip>
    <value>39952</value>
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    <nameOfIssuer>Kayne Anderson ETR Fund Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>48660P104</cusip>
    <value>15918</value>
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    <nameOfIssuer>Kayne Anderson Midstream Enrgy</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>48661E108</cusip>
    <value>14994</value>
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    <nameOfIssuer>Kayne Anderson MLP Investment</nameOfIssuer>
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    <cusip>486606502</cusip>
    <value>15989</value>
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    <nameOfIssuer>Kayne Anderson MLP Investment</nameOfIssuer>
    <titleOfClass>PFD</titleOfClass>
    <cusip>486606403</cusip>
    <value>11913</value>
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      <Sole>440000</Sole>
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    <nameOfIssuer>Kimberly-Clark Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>494368103</cusip>
    <value>2432</value>
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    <otherManager>1</otherManager>
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    <nameOfIssuer>Legg Mason Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>524901105</cusip>
    <value>3481</value>
    <shrsOrPrnAmt>
      <sshPrnamt>65215</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
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      <Sole>65215</Sole>
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      <None>0</None>
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    <nameOfIssuer>Lloyds Banking Group PLC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>539439AC3</cusip>
    <value>1555</value>
    <shrsOrPrnAmt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
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      <Sole>1460000</Sole>
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      <None>0</None>
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    <nameOfIssuer>Lockheed Martin Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>539830109</cusip>
    <value>3331</value>
    <shrsOrPrnAmt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
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      <Sole>17300</Sole>
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      <None>0</None>
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    <nameOfIssuer>Materials Select Sector SPDR</nameOfIssuer>
    <titleOfClass>SBI Materials</titleOfClass>
    <cusip>81369Y100</cusip>
    <value>3336</value>
    <shrsOrPrnAmt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
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    <nameOfIssuer>Merck &amp; Co Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>58933Y105</cusip>
    <value>2391</value>
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    <nameOfIssuer>Morgan Stanley</nameOfIssuer>
    <titleOfClass>COM New</titleOfClass>
    <cusip>617446448</cusip>
    <value>2483</value>
    <shrsOrPrnAmt>
      <sshPrnamt>63993</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
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      <Sole>63993</Sole>
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    <nameOfIssuer>Mosaic Holdings Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>61945C103</cusip>
    <value>2770</value>
    <shrsOrPrnAmt>
      <sshPrnamt>60673</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
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      <Sole>60673</Sole>
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    <nameOfIssuer>Neuberger Berman Real Estate</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>64190A103</cusip>
    <value>5147</value>
    <shrsOrPrnAmt>
      <sshPrnamt>200</sshPrnamt>
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    <titleOfClass>COM</titleOfClass>
    <cusip>674599105</cusip>
    <value>1588</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
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</SEC-DOCUMENT>
