<SEC-DOCUMENT>0001140361-17-028578.txt : 20170725
<SEC-HEADER>0001140361-17-028578.hdr.sgml : 20170725
<ACCEPTANCE-DATETIME>20170725142216
ACCESSION NUMBER:		0001140361-17-028578
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170630
FILED AS OF DATE:		20170725
DATE AS OF CHANGE:		20170725
EFFECTIVENESS DATE:		20170725

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ING GROEP NV
		CENTRAL INDEX KEY:			0001039765
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-13263
		FILM NUMBER:		17980220

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 1800
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			1000 BV
		BUSINESS PHONE:		01131205639111

	MAIL ADDRESS:	
		STREET 1:		PO BOX 1800
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			1000 BV
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
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  <headerData>
    <submissionType>13F-HR</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>true</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
      </flags>
      <filer>
        <credentials>
          <cik>0001039765</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>06-30-2017</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>06-30-2017</reportCalendarOrQuarter>
      <filingManager>
        <name>ING GROEP NV</name>
        <address>
          <com:street1>PO BOX 1800</com:street1>
          <com:city>AMSTERDAM</com:city>
          <com:stateOrCountry>P7</com:stateOrCountry>
          <com:zipCode>1000 BV</com:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-13263</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Just Emke-Petrelluzzi Bojanic</name>
      <title>Senior Compliance Officer</title>
      <phone>31-20-576 6541</phone>
      <signature>/s/ Just Emke-Petrelluzzi Bojanic</signature>
      <city>AMSTERDAM</city>
      <stateOrCountry>P7</stateOrCountry>
      <signatureDate>07-25-2017</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
      <tableEntryTotal>825</tableEntryTotal>
      <tableValueTotal>5220387</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
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</TEXT>
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<DOCUMENT>
<TYPE>INFORMATION TABLE
<SEQUENCE>2
<FILENAME>form13fInfoTable.xml
<TEXT>
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			<nameOfIssuer>3-D SYS CORP DEL</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>88554D205</cusip>
			<value>473</value>
			<shrsOrPrnAmt>
				<sshPrnamt>25294</sshPrnamt>
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				<None>0</None>
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			<nameOfIssuer>3M CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>2059</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9892</sshPrnamt>
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			<nameOfIssuer>AARONS INC</nameOfIssuer>
			<titleOfClass>COM PAR $0.50</titleOfClass>
			<cusip>002535300</cusip>
			<value>298</value>
			<shrsOrPrnAmt>
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		<infoTable>
			<nameOfIssuer>ABBOTT LABS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>002824100</cusip>
			<value>1407</value>
			<shrsOrPrnAmt>
				<sshPrnamt>28948</sshPrnamt>
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			<nameOfIssuer>ABBVIE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00287Y109</cusip>
			<value>10043</value>
			<shrsOrPrnAmt>
				<sshPrnamt>138503</sshPrnamt>
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		<infoTable>
			<nameOfIssuer>ABERCROMBIE &amp; FITCH CO</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>002896207</cusip>
			<value>1860</value>
			<shrsOrPrnAmt>
				<sshPrnamt>149500</sshPrnamt>
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		<infoTable>
			<nameOfIssuer>ACADIA HEALTHCARE COMPANY IN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00404A109</cusip>
			<value>459</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9295</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
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				<Shared>0</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ACCENTURE PLC IRELAND</nameOfIssuer>
			<titleOfClass>SHS CLASS A</titleOfClass>
			<cusip>G1151C101</cusip>
			<value>2907</value>
			<shrsOrPrnAmt>
				<sshPrnamt>23501</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>ACELRX PHARMACEUTICALS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00444T100</cusip>
			<value>84</value>
			<shrsOrPrnAmt>
				<sshPrnamt>39000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ACI WORLDWIDE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>004498101</cusip>
			<value>321</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<None>0</None>
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			<nameOfIssuer>ACTIVISION BLIZZARD INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00507V109</cusip>
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		<infoTable>
			<nameOfIssuer>ACXIOM CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>005125109</cusip>
			<value>248</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9549</sshPrnamt>
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			<nameOfIssuer>ADOBE SYS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00724F101</cusip>
			<value>15446</value>
			<shrsOrPrnAmt>
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			<nameOfIssuer>ADTALEM GLOBAL ED INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00737L103</cusip>
			<value>263</value>
			<shrsOrPrnAmt>
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			<nameOfIssuer>AES CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00130H105</cusip>
			<value>375</value>
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				<sshPrnamt>33796</sshPrnamt>
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			<nameOfIssuer>AETNA INC NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00817Y108</cusip>
			<value>10034</value>
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			<nameOfIssuer>AFLAC INC</nameOfIssuer>
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			<cusip>00846U101</cusip>
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			<nameOfIssuer>AGNC INVT CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00123Q104</cusip>
			<value>717</value>
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				<None>0</None>
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			<nameOfIssuer>AIR PRODS &amp; CHEMS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>009158106</cusip>
			<value>1593</value>
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			<nameOfIssuer>AKAMAI TECHNOLOGIES INC</nameOfIssuer>
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			<value>1480</value>
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			<nameOfIssuer>ALAMOS GOLD INC</nameOfIssuer>
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			<cusip>011532108</cusip>
			<value>79</value>
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				<None>0</None>
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			<nameOfIssuer>ALASKA AIR GROUP INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>011659109</cusip>
			<value>568</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6325</sshPrnamt>
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		<infoTable>
			<nameOfIssuer>ALBANY MOLECULAR RESH INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>283</value>
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		<infoTable>
			<nameOfIssuer>ALDER BIOPHARMACEUTICALS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>014339105</cusip>
			<value>3836</value>
			<shrsOrPrnAmt>
				<sshPrnamt>335000</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<None>0</None>
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			<nameOfIssuer>ALEXANDER &amp; BALDWIN INC NEW</nameOfIssuer>
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			<value>233</value>
			<shrsOrPrnAmt>
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			</votingAuthority>
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			<nameOfIssuer>ALEXION PHARMACEUTICALS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<shrsOrPrnAmt>
				<sshPrnamt>9472</sshPrnamt>
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			<nameOfIssuer>ALIBABA GROUP HLDG LTD</nameOfIssuer>
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			<cusip>01609W102</cusip>
			<value>8964</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>63617</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALIGN TECHNOLOGY INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>016255101</cusip>
			<value>580</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3864</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>3864</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALLEGHANY CORP DEL</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>017175100</cusip>
			<value>1117</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1878</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<Sole>1878</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALLEGHENY TECHNOLOGIES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>01741R102</cusip>
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			<nameOfIssuer>ALLIANT ENERGY CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>468</value>
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			<nameOfIssuer>ALLSCRIPTS HEALTHCARE SOLUTN</nameOfIssuer>
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			<nameOfIssuer>ALLSTATE CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>ALPHABET INC CAP STK</nameOfIssuer>
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			<nameOfIssuer>ALPHABET INC CAP STK</nameOfIssuer>
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			<nameOfIssuer>ALTABA INC</nameOfIssuer>
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			<nameOfIssuer>AMARIN CORP PLC</nameOfIssuer>
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			<nameOfIssuer>AMC NETWORKS INC</nameOfIssuer>
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			<nameOfIssuer>AMEREN CORP</nameOfIssuer>
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			<nameOfIssuer>AMERICA MOVIL SAB DE CV</nameOfIssuer>
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			<nameOfIssuer>AMERICAN AIRLS GROUP INC</nameOfIssuer>
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			<nameOfIssuer>AMERICAN EAGLE OUTFITTERS NE</nameOfIssuer>
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			<nameOfIssuer>AMERICAN ELEC PWR INC</nameOfIssuer>
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			<nameOfIssuer>AMERICAN FINL GROUP INC OHIO</nameOfIssuer>
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			<nameOfIssuer>AMERICAN INTL GROUP INC</nameOfIssuer>
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			<nameOfIssuer>AMERICAN TOWER CORP NEW</nameOfIssuer>
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			<nameOfIssuer>AMERIPRISE FINL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>03076C106</cusip>
			<value>992</value>
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			<nameOfIssuer>AMGEN INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>ANADARKO PETE CORP</nameOfIssuer>
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			<cusip>032511107</cusip>
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			<nameOfIssuer>ANALOG DEVICES INC</nameOfIssuer>
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			<nameOfIssuer>ANTHEM INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>2897</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>APACHE CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>037411105</cusip>
			<value>538</value>
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			<nameOfIssuer>APARTMENT INVT &amp; MGMT CO</nameOfIssuer>
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			<nameOfIssuer>APOLLO GLOBAL MGMT LLC</nameOfIssuer>
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			<cusip>037612306</cusip>
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			<nameOfIssuer>APPLE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>037833100</cusip>
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			<nameOfIssuer>APPLIED MATLS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>038222105</cusip>
			<value>30460</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>ARCELORMITTAL SA LUXEMBOURG</nameOfIssuer>
			<titleOfClass>NY REGISTRY SH</titleOfClass>
			<cusip>03938L203</cusip>
			<value>1137</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>ARCHER DANIELS MIDLAND CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>039483102</cusip>
			<value>1220</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>ARROW ELECTRS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>042735100</cusip>
			<value>848</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>ASHLAND GLOBAL HLDGS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>044186104</cusip>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>ASPEN INSURANCE HOLDINGS LTD</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>ASSOCIATED BANC CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>ASSURANT INC</nameOfIssuer>
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			<nameOfIssuer>AT&amp;T INC</nameOfIssuer>
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			<nameOfIssuer>ATHENE HLDG LTD</nameOfIssuer>
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			<nameOfIssuer>ATMOS ENERGY CORP</nameOfIssuer>
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			<nameOfIssuer>AUTODESK INC</nameOfIssuer>
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			<nameOfIssuer>AUTOMATIC DATA PROCESSING IN</nameOfIssuer>
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			<nameOfIssuer>AUTOZONE INC</nameOfIssuer>
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			<nameOfIssuer>AVERY DENNISON CORP</nameOfIssuer>
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			<nameOfIssuer>AVIS BUDGET GROUP</nameOfIssuer>
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			<value>279</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>AVON PRODS INC</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>BAIDU INC</nameOfIssuer>
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			<nameOfIssuer>BANCO BILBAO VIZCAYA ARGENTA</nameOfIssuer>
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			<nameOfIssuer>BANCO BRADESCO S A</nameOfIssuer>
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			<nameOfIssuer>BANCO SANTANDER SA</nameOfIssuer>
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			<nameOfIssuer>BANK AMER CORP</nameOfIssuer>
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			<nameOfIssuer>BANK HAWAII CORP</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>BANK NEW YORK MELLON CORP</nameOfIssuer>
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			<cusip>064058100</cusip>
			<value>2733</value>
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			<nameOfIssuer>BANKRATE INC DEL</nameOfIssuer>
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			<nameOfIssuer>BARCLAYS BK PLC</nameOfIssuer>
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			<nameOfIssuer>BARD C R INC</nameOfIssuer>
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			<nameOfIssuer>BAXTER INTL INC</nameOfIssuer>
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			<cusip>071813109</cusip>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>BED BATH &amp; BEYOND INC</nameOfIssuer>
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			<value>1005</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>BELDEN INC</nameOfIssuer>
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			<nameOfIssuer>BERKSHIRE HATHAWAY INC DEL</nameOfIssuer>
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			<nameOfIssuer>BERKSHIRE HATHAWAY INC DEL</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>BIG LOTS INC</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>BIO RAD LABS INC</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>BIOVERATIV INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>BLACK HILLS CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>092113109</cusip>
			<value>439</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>BLACKBAUD INC</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>BLACKHAWK NETWORK HLDGS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>09238E104</cusip>
			<value>218</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>BLOCK H &amp; R INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>093671105</cusip>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>BOARDWALK PIPELINE PARTNERS</nameOfIssuer>
			<titleOfClass>UT LTD PARTNER</titleOfClass>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>BOSTON PROPERTIES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>COMPANIA DE MINAS BUENAVENTU</nameOfIssuer>
			<titleOfClass>SPONSORED ADR</titleOfClass>
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			<value>127</value>
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			<nameOfIssuer>CONAGRA BRANDS INC</nameOfIssuer>
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			<nameOfIssuer>CONCORDIA INTERNATIONAL CORP</nameOfIssuer>
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			<value>17</value>
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			<nameOfIssuer>CONOCOPHILLIPS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>20825C104</cusip>
			<value>3938</value>
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			<nameOfIssuer>CONSOL ENERGY INC</nameOfIssuer>
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			<value>322</value>
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			<nameOfIssuer>CONSOLIDATED EDISON INC</nameOfIssuer>
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			<nameOfIssuer>CONSTELLATION BRANDS INC</nameOfIssuer>
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			<nameOfIssuer>CONTINENTAL RESOURCES INC</nameOfIssuer>
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			<nameOfIssuer>CONVERGYS CORP</nameOfIssuer>
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			<nameOfIssuer>COOPER TIRE &amp; RUBR CO</nameOfIssuer>
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			<nameOfIssuer>CORELOGIC INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>CORNING INC</nameOfIssuer>
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			<nameOfIssuer>CORPORATE OFFICE PPTYS TR</nameOfIssuer>
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			<cusip>22002T108</cusip>
			<value>424</value>
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			<nameOfIssuer>COTY INC</nameOfIssuer>
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			<cusip>222070203</cusip>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>COUSINS PPTYS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>CRACKER BARREL OLD CTRY STOR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>22410J106</cusip>
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			<nameOfIssuer>CRANE CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>224399105</cusip>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>CREE INC</nameOfIssuer>
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			<nameOfIssuer>CROWN CASTLE INTL CORP NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>22822V101</cusip>
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			<nameOfIssuer>CSRA INC</nameOfIssuer>
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			<nameOfIssuer>CSX CORP</nameOfIssuer>
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			<nameOfIssuer>CTRIP COM INTL LTD</nameOfIssuer>
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			<nameOfIssuer>CURTISS WRIGHT CORP</nameOfIssuer>
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			<nameOfIssuer>CYPRESS SEMICONDUCTOR CORP</nameOfIssuer>
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			<nameOfIssuer>CYRUSONE INC</nameOfIssuer>
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			<nameOfIssuer>D R HORTON INC</nameOfIssuer>
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			<nameOfIssuer>DANA INCORPORATED</nameOfIssuer>
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			<nameOfIssuer>DANAHER CORP DEL</nameOfIssuer>
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			<nameOfIssuer>DARDEN RESTAURANTS INC</nameOfIssuer>
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			<nameOfIssuer>DCP MIDSTREAM LP</nameOfIssuer>
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			<nameOfIssuer>DCT INDUSTRIAL TRUST INC</nameOfIssuer>
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			<nameOfIssuer>DECKERS OUTDOOR CORP</nameOfIssuer>
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			<nameOfIssuer>DELTA AIR LINES INC DEL</nameOfIssuer>
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			<nameOfIssuer>DELUXE CORP</nameOfIssuer>
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			<nameOfIssuer>DEVON ENERGY CORP NEW</nameOfIssuer>
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			<nameOfIssuer>DIGITAL RLTY TR INC</nameOfIssuer>
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			<nameOfIssuer>DIREXION SHS ETF TR</nameOfIssuer>
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			<nameOfIssuer>DR PEPPER SNAPPLE GROUP INC</nameOfIssuer>
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			<nameOfIssuer>DST SYS INC DEL</nameOfIssuer>
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			<nameOfIssuer>DU PONT E I DE NEMOURS &amp; CO</nameOfIssuer>
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			<nameOfIssuer>DUN &amp; BRADSTREET CORP DEL NE</nameOfIssuer>
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			<nameOfIssuer>E TRADE FINANCIAL CORP</nameOfIssuer>
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			<nameOfIssuer>EAGLE MATERIALS INC</nameOfIssuer>
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			<nameOfIssuer>EAST WEST BANCORP INC</nameOfIssuer>
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			<nameOfIssuer>EBAY INC</nameOfIssuer>
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			<nameOfIssuer>ECOLAB INC</nameOfIssuer>
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			<nameOfIssuer>EDGEWELL PERS CARE CO</nameOfIssuer>
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			<nameOfIssuer>EDISON INTL</nameOfIssuer>
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			<nameOfIssuer>EDUCATION RLTY TR INC</nameOfIssuer>
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			<nameOfIssuer>EDWARDS LIFESCIENCES CORP</nameOfIssuer>
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			<nameOfIssuer>ELDORADO GOLD CORP NEW</nameOfIssuer>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ELECTRONIC ARTS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>285512109</cusip>
			<value>7206</value>
			<shrsOrPrnAmt>
				<sshPrnamt>68160</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>68160</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>EMCOR GROUP INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29084Q100</cusip>
			<value>471</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7207</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>7207</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>EMERGE ENERGY SVCS LP</nameOfIssuer>
			<titleOfClass>COM REP PARTN</titleOfClass>
			<cusip>29102H108</cusip>
			<value>1802</value>
			<shrsOrPrnAmt>
				<sshPrnamt>200000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>200000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>EMERSON ELEC CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>291011104</cusip>
			<value>327</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5491</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>5491</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ENANTA PHARMACEUTICALS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29251M106</cusip>
			<value>3274</value>
			<shrsOrPrnAmt>
				<sshPrnamt>91000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>91000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ENBRIDGE ENERGY PARTNERS L P</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29250R106</cusip>
			<value>4885</value>
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				<sshPrnamt>305300</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>305300</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ENERGEN CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29265N108</cusip>
			<value>583</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11807</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>11807</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ENERGIZER HLDGS INC NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29272W109</cusip>
			<value>361</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7522</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>7522</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ENERSYS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29275Y102</cusip>
			<value>384</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5294</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>5294</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ENTERGY CORP NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29364G103</cusip>
			<value>7200</value>
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				<sshPrnamt>93785</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>93785</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ENTERPRISE PRODS PARTNERS L</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>293792107</cusip>
			<value>114409</value>
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				<sshPrnamt>4224840</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>4224840</Sole>
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				<None>0</None>
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			<nameOfIssuer>ENVISION HEALTHCARE CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29414D100</cusip>
			<value>377</value>
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				<sshPrnamt>6022</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>6022</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>EOG RES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>26875P101</cusip>
			<value>1906</value>
			<shrsOrPrnAmt>
				<sshPrnamt>21051</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>21051</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>EPR PPTYS</nameOfIssuer>
			<titleOfClass>COM SH BEN INT</titleOfClass>
			<cusip>26884U109</cusip>
			<value>560</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7794</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>7794</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>EQT GP HLDGS LP</nameOfIssuer>
			<titleOfClass>COM UNIT REP</titleOfClass>
			<cusip>26885J103</cusip>
			<value>9045</value>
			<shrsOrPrnAmt>
				<sshPrnamt>300000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>300000</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>EQT MIDSTREAM PARTNERS LP</nameOfIssuer>
			<titleOfClass>UNIT LTD PARTN</titleOfClass>
			<cusip>26885B100</cusip>
			<value>51868</value>
			<shrsOrPrnAmt>
				<sshPrnamt>695000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>695000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>EQUINIX INC</nameOfIssuer>
			<titleOfClass>COM PAR $0.001</titleOfClass>
			<cusip>29444U700</cusip>
			<value>1716</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3998</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>3998</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>EQUITY RESIDENTIAL</nameOfIssuer>
			<titleOfClass>SH BEN INT</titleOfClass>
			<cusip>29476L107</cusip>
			<value>1237</value>
			<shrsOrPrnAmt>
				<sshPrnamt>18784</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>18784</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ESTERLINE TECHNOLOGIES CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>297425100</cusip>
			<value>343</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3622</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>3622</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>EXELON CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>30161N101</cusip>
			<value>2366</value>
			<shrsOrPrnAmt>
				<sshPrnamt>65599</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>65599</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>EXPRESS SCRIPTS HLDG CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>30219G108</cusip>
			<value>6870</value>
			<shrsOrPrnAmt>
				<sshPrnamt>107608</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>107608</Sole>
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				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>EXXON MOBIL CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>30231G102</cusip>
			<value>1161</value>
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				<sshPrnamt>14382</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>14382</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>F M C CORP</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>302491303</cusip>
			<value>501</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6859</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>6859</Sole>
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				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>F5 NETWORKS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>315616102</cusip>
			<value>557</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4380</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>4380</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>FACEBOOK INC</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>30303M102</cusip>
			<value>89041</value>
			<shrsOrPrnAmt>
				<sshPrnamt>589751</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>589751</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>FAIR ISAAC CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>303250104</cusip>
			<value>525</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3767</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>3767</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>FEDERAL REALTY INVT TR</nameOfIssuer>
			<titleOfClass>SH BEN INT NEW</titleOfClass>
			<cusip>313747206</cusip>
			<value>468</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3699</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>3699</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>FEDERATED INVS INC PA</nameOfIssuer>
			<titleOfClass>CL B</titleOfClass>
			<cusip>314211103</cusip>
			<value>319</value>
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				<sshPrnamt>11286</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>11286</Sole>
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		<infoTable>
			<nameOfIssuer>FEDEX CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>31428X106</cusip>
			<value>1108</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5096</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>5096</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>FIRST AMERN FINL CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>31847R102</cusip>
			<value>600</value>
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				<sshPrnamt>13416</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>13416</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>FIRST HORIZON NATL CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>320517105</cusip>
			<value>844</value>
			<shrsOrPrnAmt>
				<sshPrnamt>48440</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>48440</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>FIRST INDUSTRIAL REALTY TRUS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>32054K103</cusip>
			<value>408</value>
			<shrsOrPrnAmt>
				<sshPrnamt>14266</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>14266</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>FIRST MAJESTIC SILVER CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>32076V103</cusip>
			<value>137</value>
			<shrsOrPrnAmt>
				<sshPrnamt>16500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>16500</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>FIRST SOLAR INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>336433107</cusip>
			<value>413</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10366</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>10366</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>FLIR SYS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>302445101</cusip>
			<value>264</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7610</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>7610</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>FLOWERS FOODS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>343498101</cusip>
			<value>388</value>
			<shrsOrPrnAmt>
				<sshPrnamt>22399</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>22399</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>FLOWSERVE CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>34354P105</cusip>
			<value>568</value>
			<shrsOrPrnAmt>
				<sshPrnamt>12233</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>12233</Sole>
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				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>FLUOR CORP NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>343412102</cusip>
			<value>328</value>
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				<sshPrnamt>7165</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<Sole>7165</Sole>
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				<None>0</None>
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			<nameOfIssuer>FNB CORP PA</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>302520101</cusip>
			<value>557</value>
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				<sshPrnamt>39305</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<Sole>39305</Sole>
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				<None>0</None>
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			<nameOfIssuer>FOMENTO ECONOMICO MEXICANO S</nameOfIssuer>
			<titleOfClass>SPON ADR UNITS</titleOfClass>
			<cusip>344419106</cusip>
			<value>211</value>
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				<sshPrnamt>2150</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>2150</Sole>
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				<None>0</None>
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			<nameOfIssuer>FORD MTR CO DEL</nameOfIssuer>
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			<cusip>345370860</cusip>
			<value>7690</value>
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				<sshPrnamt>687227</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<Sole>687227</Sole>
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				<None>0</None>
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			<nameOfIssuer>FORTINET INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>34959E109</cusip>
			<value>247</value>
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				<sshPrnamt>6606</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<Sole>6606</Sole>
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				<None>0</None>
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			<nameOfIssuer>FORTIVE CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>34959J108</cusip>
			<value>979</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>15448</Sole>
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			<nameOfIssuer>FRANKLIN RES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>354613101</cusip>
			<value>875</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<Sole>19534</Sole>
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			<nameOfIssuer>FREEPORT-MCMORAN INC</nameOfIssuer>
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			<cusip>35671D857</cusip>
			<value>2503</value>
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				<Sole>208439</Sole>
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			<nameOfIssuer>FRONTIER COMMUNICATIONS CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>35906A108</cusip>
			<value>171</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>FULTON FINL CORP PA</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>360271100</cusip>
			<value>404</value>
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				<sshPrnamt>21267</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>21267</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>GAMESTOP CORP NEW</nameOfIssuer>
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			<cusip>36467W109</cusip>
			<value>266</value>
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				<sshPrnamt>12321</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<Sole>12321</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>GAP INC DEL</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>364760108</cusip>
			<value>3264</value>
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				<sshPrnamt>148413</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>148413</Sole>
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			<nameOfIssuer>GARMIN LTD</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>H2906T109</cusip>
			<value>323</value>
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				<sshPrnamt>6323</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>6323</Sole>
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				<None>0</None>
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			<nameOfIssuer>GARTNER INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>366651107</cusip>
			<value>570</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>4619</Sole>
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				<None>0</None>
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			<nameOfIssuer>GATX CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>361448103</cusip>
			<value>306</value>
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				<sshPrnamt>4757</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>4757</Sole>
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				<None>0</None>
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			<nameOfIssuer>GENERAL DYNAMICS CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>369550108</cusip>
			<value>2876</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>14517</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>18759</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>694527</Sole>
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				<None>0</None>
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			<nameOfIssuer>GENERAL MLS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>370334104</cusip>
			<value>1804</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>32570</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>GENERAL MTRS CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>37045V100</cusip>
			<value>212</value>
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				<sshPrnamt>6081</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>6081</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>GENWORTH FINL INC</nameOfIssuer>
			<titleOfClass>COM CL A</titleOfClass>
			<cusip>37247D106</cusip>
			<value>229</value>
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				<sshPrnamt>60698</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>60698</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>GEO GROUP INC NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>36162J106</cusip>
			<value>448</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>15137</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>GILEAD SCIENCES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>375558103</cusip>
			<value>30930</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>436993</Sole>
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		<infoTable>
			<nameOfIssuer>GLOBAL BLOOD THERAPEUTICS IN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>37890U108</cusip>
			<value>682</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<Sole>24942</Sole>
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			<nameOfIssuer>GLOBUS MED INC</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>379577208</cusip>
			<value>291</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>8784</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>49148</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>221486</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>GOODYEAR TIRE &amp; RUBR CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>382550101</cusip>
			<value>549</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>15712</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>GRAHAM HLDGS CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>384637104</cusip>
			<value>339</value>
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				<sshPrnamt>566</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>566</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>GRANITE CONSTR INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>387328107</cusip>
			<value>234</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4843</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>4843</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>GREAT PLAINS ENERGY INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>391164100</cusip>
			<value>768</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>26229</Sole>
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		<infoTable>
			<nameOfIssuer>GTT COMMUNICATIONS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>362393100</cusip>
			<value>1223</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>38653</Sole>
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		<infoTable>
			<nameOfIssuer>GULFPORT ENERGY CORP</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>402635304</cusip>
			<value>285</value>
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				<sshPrnamt>19350</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>19350</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>GW PHARMACEUTICALS PLC</nameOfIssuer>
			<titleOfClass>ADS</titleOfClass>
			<cusip>36197T103</cusip>
			<value>1985</value>
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				<sshPrnamt>19797</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>19797</Sole>
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				<None>0</None>
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			<nameOfIssuer>HAIN CELESTIAL GROUP INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>405217100</cusip>
			<value>489</value>
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				<sshPrnamt>12585</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>12585</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>HALLIBURTON CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>406216101</cusip>
			<value>1990</value>
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				<sshPrnamt>46583</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>46583</Sole>
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				<None>0</None>
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			<nameOfIssuer>HALYARD HEALTH INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>40650V100</cusip>
			<value>223</value>
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				<sshPrnamt>5677</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>5677</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>HANCOCK HLDG CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>410120109</cusip>
			<value>504</value>
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				<sshPrnamt>10280</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>10280</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>HANESBRANDS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>410345102</cusip>
			<value>338</value>
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				<sshPrnamt>14589</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<Sole>14589</Sole>
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		<infoTable>
			<nameOfIssuer>HANOVER INS GROUP INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>410867105</cusip>
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		<infoTable>
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			<nameOfIssuer>INOVIO PHARMACEUTICALS INC</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>INTEGRATED DEVICE TECHNOLOGY</nameOfIssuer>
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			<nameOfIssuer>INTEL CORP</nameOfIssuer>
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			<nameOfIssuer>INTERCEPT PHARMACEUTICALS IN</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>INTERCONTINENTAL EXCHANGE IN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>INTERNATIONAL BANCSHARES COR</nameOfIssuer>
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			<nameOfIssuer>INTERNATIONAL BUSINESS MACHS</nameOfIssuer>
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			<nameOfIssuer>INTUIT</nameOfIssuer>
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			<nameOfIssuer>ITAU UNIBANCO HLDG SA</nameOfIssuer>
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			<nameOfIssuer>JACK IN THE BOX INC</nameOfIssuer>
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			<nameOfIssuer>JACOBS ENGR GROUP INC DEL</nameOfIssuer>
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			<nameOfIssuer>JOHNSON &amp; JOHNSON</nameOfIssuer>
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			<nameOfIssuer>JPMORGAN CHASE &amp; CO</nameOfIssuer>
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			<nameOfIssuer>JPMORGAN CHINA REGION FD INC</nameOfIssuer>
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			<nameOfIssuer>KANSAS CITY SOUTHERN</nameOfIssuer>
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			<nameOfIssuer>KATE SPADE &amp; CO</nameOfIssuer>
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			<nameOfIssuer>KB HOME</nameOfIssuer>
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			<nameOfIssuer>KEMPER CORP DEL</nameOfIssuer>
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			<nameOfIssuer>KENNAMETAL INC</nameOfIssuer>
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			<nameOfIssuer>KEYCORP NEW</nameOfIssuer>
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			<nameOfIssuer>KEYSIGHT TECHNOLOGIES INC</nameOfIssuer>
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			<nameOfIssuer>KILROY RLTY CORP</nameOfIssuer>
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			<nameOfIssuer>KIMBERLY CLARK CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>494368103</cusip>
			<value>4609</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>KIMCO RLTY CORP</nameOfIssuer>
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			<cusip>49446R109</cusip>
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			<nameOfIssuer>KINDER MORGAN INC DEL</nameOfIssuer>
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			<nameOfIssuer>KINDRED HEALTHCARE INC</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>KIRBY CORP</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>KLA-TENCOR CORP</nameOfIssuer>
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			<cusip>482480100</cusip>
			<value>2449</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>KLX INC</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>KNOWLES CORP</nameOfIssuer>
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			<nameOfIssuer>KOHLS CORP</nameOfIssuer>
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			<nameOfIssuer>KOREA EQUITY FD INC</nameOfIssuer>
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			<nameOfIssuer>KRAFT HEINZ CO</nameOfIssuer>
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			<nameOfIssuer>LABORATORY CORP AMER HLDGS</nameOfIssuer>
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			<nameOfIssuer>LAM RESEARCH CORP</nameOfIssuer>
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			<nameOfIssuer>LANCASTER COLONY CORP</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>LANDSTAR SYS INC</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>LAS VEGAS SANDS CORP</nameOfIssuer>
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			<nameOfIssuer>LASALLE HOTEL PPTYS</nameOfIssuer>
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			<cusip>517942108</cusip>
			<value>410</value>
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			<nameOfIssuer>LAUDER ESTEE COS INC</nameOfIssuer>
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			<nameOfIssuer>LEGG MASON INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>LEGGETT &amp; PLATT INC</nameOfIssuer>
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			<nameOfIssuer>LEIDOS HLDGS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>LENDINGCLUB CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>52603A109</cusip>
			<value>553</value>
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			<nameOfIssuer>LEVEL 3 COMMUNICATIONS INC</nameOfIssuer>
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			<nameOfIssuer>LIBERTY INTERACTIVE CORP</nameOfIssuer>
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			<nameOfIssuer>LIBERTY PPTY TR</nameOfIssuer>
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			<nameOfIssuer>LIFE STORAGE INC</nameOfIssuer>
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			<nameOfIssuer>LIFEPOINT HEALTH INC</nameOfIssuer>
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			<nameOfIssuer>LILLY ELI &amp; CO</nameOfIssuer>
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			<nameOfIssuer>LITTELFUSE INC</nameOfIssuer>
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			<nameOfIssuer>LIVE NATION ENTERTAINMENT IN</nameOfIssuer>
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			<nameOfIssuer>LOCKHEED MARTIN CORP</nameOfIssuer>
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			<nameOfIssuer>LOEWS CORP</nameOfIssuer>
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			<nameOfIssuer>LOGMEIN INC</nameOfIssuer>
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			<nameOfIssuer>LOUISIANA PAC CORP</nameOfIssuer>
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			<nameOfIssuer>LOWES COS INC</nameOfIssuer>
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			<nameOfIssuer>MACERICH CO</nameOfIssuer>
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			<nameOfIssuer>MACK CALI RLTY CORP</nameOfIssuer>
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			<nameOfIssuer>MADISON SQUARE GARDEN CO</nameOfIssuer>
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			<nameOfIssuer>MANPOWERGROUP INC</nameOfIssuer>
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			<nameOfIssuer>MARKETAXESS HLDGS INC</nameOfIssuer>
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			<nameOfIssuer>MARRIOTT INTL INC NEW</nameOfIssuer>
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			<nameOfIssuer>MASTERCARD INCORPORATED</nameOfIssuer>
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			<nameOfIssuer>MAXIM INTEGRATED PRODS INC</nameOfIssuer>
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			<nameOfIssuer>MERCURY GENL CORP NEW</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<Sole>10194</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NEWMARKET CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>651587107</cusip>
			<value>518</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1125</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>1125</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NEWMONT MINING CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>651639106</cusip>
			<value>1896</value>
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				<sshPrnamt>58529</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>58529</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NEWS CORP NEW</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>65249B109</cusip>
			<value>289</value>
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				<sshPrnamt>21062</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>21062</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NEXTERA ENERGY INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>65339F101</cusip>
			<value>5741</value>
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				<sshPrnamt>40966</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>40966</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NIKE INC</nameOfIssuer>
			<titleOfClass>CL B</titleOfClass>
			<cusip>654106103</cusip>
			<value>330</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5600</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>5600</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NISOURCE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>65473P105</cusip>
			<value>420</value>
			<shrsOrPrnAmt>
				<sshPrnamt>16563</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>16563</Sole>
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				<None>0</None>
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			<nameOfIssuer>NORDSON CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>655663102</cusip>
			<value>791</value>
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				<sshPrnamt>6521</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>6521</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NORDSTROM INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>655664100</cusip>
			<value>296</value>
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				<sshPrnamt>6189</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>6189</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NORFOLK SOUTHERN CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>655844108</cusip>
			<value>2445</value>
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				<sshPrnamt>20090</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>20090</Sole>
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				<None>0</None>
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			<nameOfIssuer>NORTHERN TR CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>665859104</cusip>
			<value>1073</value>
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				<sshPrnamt>11035</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>11035</Sole>
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				<None>0</None>
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			<nameOfIssuer>NORTHROP GRUMMAN CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>666807102</cusip>
			<value>2291</value>
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				<sshPrnamt>8925</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>8925</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NORTHWESTERN CORP</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>668074305</cusip>
			<value>360</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>5893</Sole>
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				<None>0</None>
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			<nameOfIssuer>NOVAVAX INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>670002104</cusip>
			<value>23</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>20000</Sole>
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				<None>0</None>
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			<nameOfIssuer>NOW INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>67011P100</cusip>
			<value>211</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>13098</Sole>
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				<None>0</None>
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			<nameOfIssuer>NRG ENERGY INC</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>629377508</cusip>
			<value>279</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>16178</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NU SKIN ENTERPRISES INC</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>67018T105</cusip>
			<value>380</value>
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				<sshPrnamt>6043</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>6043</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NUCOR CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>670346105</cusip>
			<value>960</value>
			<shrsOrPrnAmt>
				<sshPrnamt>16591</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>16591</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NUSTAR ENERGY LP</nameOfIssuer>
			<titleOfClass>UNIT COM</titleOfClass>
			<cusip>67058H102</cusip>
			<value>11775</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>252512</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NUVASIVE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>670704105</cusip>
			<value>474</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>6164</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>NVIDIA CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>67066G104</cusip>
			<value>2705</value>
			<shrsOrPrnAmt>
				<sshPrnamt>18711</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>18711</Sole>
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				<None>0</None>
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			<nameOfIssuer>NVR INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>62944T105</cusip>
			<value>1022</value>
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				<sshPrnamt>424</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>424</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>OCEANEERING INTL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>675232102</cusip>
			<value>273</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>11953</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>OCLARO INC</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>67555N206</cusip>
			<value>13957</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>1494297</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>OFFICE DEPOT INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>676220106</cusip>
			<value>334</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>62850</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>OGE ENERGY CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>670837103</cusip>
			<value>845</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>24294</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>OLD REP INTL CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>680223104</cusip>
			<value>582</value>
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				<sshPrnamt>29821</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>29821</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ONE GAS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>68235P108</cusip>
			<value>445</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6379</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>6379</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ONEOK INC NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>682680103</cusip>
			<value>404</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>7748</Sole>
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		<infoTable>
			<nameOfIssuer>ONEOK PARTNERS LP</nameOfIssuer>
			<titleOfClass>UNIT LTD PARTN</titleOfClass>
			<cusip>68268N103</cusip>
			<value>9605</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>188066</Sole>
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		<infoTable>
			<nameOfIssuer>OPKO HEALTH INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>68375N103</cusip>
			<value>459</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>47070</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ORACLE CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>68389X105</cusip>
			<value>40636</value>
			<shrsOrPrnAmt>
				<sshPrnamt>810454</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>810454</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>ORBITAL ATK INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>68557N103</cusip>
			<value>691</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7021</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>7021</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>OSHKOSH CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>688239201</cusip>
			<value>627</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9099</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>9099</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>OVASCIENCE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>69014Q101</cusip>
			<value>57</value>
			<shrsOrPrnAmt>
				<sshPrnamt>36800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>36800</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>OWENS &amp; MINOR INC NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>690732102</cusip>
			<value>240</value>
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				<sshPrnamt>7445</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>7445</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>OWENS ILL INC</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>690768403</cusip>
			<value>473</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>19792</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PACKAGING CORP AMER</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>695156109</cusip>
			<value>1277</value>
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				<sshPrnamt>11462</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<Sole>11462</Sole>
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				<None>0</None>
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			<nameOfIssuer>PARKER HANNIFIN CORP</nameOfIssuer>
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			<nameOfIssuer>PARKERVISION INC</nameOfIssuer>
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			<nameOfIssuer>PHILIP MORRIS INTL INC</nameOfIssuer>
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			<nameOfIssuer>PHILLIPS 66</nameOfIssuer>
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			<nameOfIssuer>PINNACLE WEST CAP CORP</nameOfIssuer>
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			<nameOfIssuer>PIONEER NAT RES CO</nameOfIssuer>
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			<nameOfIssuer>PLATFORM SPECIALTY PRODS COR</nameOfIssuer>
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			<nameOfIssuer>PNC FINL SVCS GROUP INC</nameOfIssuer>
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			<nameOfIssuer>POLYONE CORP</nameOfIssuer>
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			<nameOfIssuer>POOL CORPORATION</nameOfIssuer>
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			<nameOfIssuer>POTLATCH CORP NEW</nameOfIssuer>
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			<nameOfIssuer>POWERSHARES QQQ TRUST</nameOfIssuer>
			<titleOfClass>UNIT SER 1</titleOfClass>
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			<nameOfIssuer>PPG INDS INC</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>PRESTIGE BRANDS HLDGS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>PRICE T ROWE GROUP INC</nameOfIssuer>
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				<sshPrnamt>3661</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<Sole>3661</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PRICELINE GRP INC</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>741503403</cusip>
			<value>1741</value>
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				<sshPrnamt>931</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>931</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PRIMERICA INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74164M108</cusip>
			<value>419</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5533</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>5533</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PROCTER AND GAMBLE CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>742718109</cusip>
			<value>52267</value>
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				<sshPrnamt>599738</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>599738</Sole>
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				<None>0</None>
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			<nameOfIssuer>PROGENICS PHARMACEUTICALS IN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>743187106</cusip>
			<value>1358</value>
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				<sshPrnamt>200000</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>200000</Sole>
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				<None>0</None>
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			<nameOfIssuer>PROGRESSIVE CORP OHIO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>743315103</cusip>
			<value>1751</value>
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				<sshPrnamt>39707</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>39707</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PROLOGIS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74340W103</cusip>
			<value>1591</value>
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				<sshPrnamt>27135</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>27135</Sole>
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				<None>0</None>
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			<nameOfIssuer>PROSHARES TR</nameOfIssuer>
			<titleOfClass>PSHS ULSHT SP500</titleOfClass>
			<cusip>74347B300</cusip>
			<value>190</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>15000</Sole>
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				<None>0</None>
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			<nameOfIssuer>PROSHARES TR II</nameOfIssuer>
			<titleOfClass>ULTRA VIX ETF</titleOfClass>
			<cusip>74347W239</cusip>
			<value>132</value>
			<shrsOrPrnAmt>
				<sshPrnamt>13550</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>13550</Sole>
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				<None>0</None>
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			<nameOfIssuer>PROSHARES TR II</nameOfIssuer>
			<titleOfClass>ULTA BLMBG 2017</titleOfClass>
			<cusip>74347W247</cusip>
			<value>149</value>
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				<sshPrnamt>10000</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PROSPERITY BANCSHARES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>743606105</cusip>
			<value>543</value>
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				<sshPrnamt>8453</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>8453</Sole>
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				<None>0</None>
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			<nameOfIssuer>PRUDENTIAL FINL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>744320102</cusip>
			<value>2374</value>
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				<sshPrnamt>21950</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>21950</Sole>
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				<None>0</None>
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			<nameOfIssuer>PUBLIC SVC ENTERPRISE GROUP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>744573106</cusip>
			<value>1114</value>
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				<sshPrnamt>25906</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>25906</Sole>
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				<None>0</None>
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			<nameOfIssuer>PULTE GROUP INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>745867101</cusip>
			<value>387</value>
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				<sshPrnamt>15773</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>15773</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PVH CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>693656100</cusip>
			<value>699</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6102</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>6102</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>QEP RES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74733V100</cusip>
			<value>296</value>
			<shrsOrPrnAmt>
				<sshPrnamt>29258</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>29258</Sole>
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				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>QUALCOMM INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>747525103</cusip>
			<value>530</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9592</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>9592</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>QUALITY CARE PPTYS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>747545101</cusip>
			<value>325</value>
			<shrsOrPrnAmt>
				<sshPrnamt>17756</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>17756</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>QUANTA SVCS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74762E102</cusip>
			<value>250</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7587</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>7587</Sole>
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				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>RALPH LAUREN CORP</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>751212101</cusip>
			<value>1815</value>
			<shrsOrPrnAmt>
				<sshPrnamt>24595</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>24595</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>RANGE RES CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>75281A109</cusip>
			<value>223</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9618</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>9618</Sole>
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				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>RAYMOND JAMES FINANCIAL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>754730109</cusip>
			<value>445</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5550</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>5550</Sole>
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				<None>0</None>
			</votingAuthority>
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			<nameOfIssuer>RAYONIER INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>754907103</cusip>
			<value>451</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15672</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>15672</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>RAYTHEON CO</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>755111507</cusip>
			<value>2408</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>14910</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>REALTY INCOME CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>756109104</cusip>
			<value>219</value>
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				<sshPrnamt>3975</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>3975</Sole>
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				<None>0</None>
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			<nameOfIssuer>RED HAT INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>756577102</cusip>
			<value>14443</value>
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				<sshPrnamt>150840</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>150840</Sole>
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				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>REGAL BELOIT CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>758750103</cusip>
			<value>445</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5451</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>5451</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>REGENCY CTRS CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>758849103</cusip>
			<value>469</value>
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				<sshPrnamt>7490</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>7490</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>REGIONS FINL CORP NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>7591EP100</cusip>
			<value>901</value>
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				<sshPrnamt>61518</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>61518</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>REINSURANCE GROUP AMER INC</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>759351604</cusip>
			<value>1006</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>7834</Sole>
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		<infoTable>
			<nameOfIssuer>RELIANCE STEEL &amp; ALUMINUM CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>759509102</cusip>
			<value>646</value>
			<shrsOrPrnAmt>
				<sshPrnamt>8866</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>8866</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>RENAISSANCERE HOLDINGS LTD</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G7496G103</cusip>
			<value>687</value>
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				<sshPrnamt>4942</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>4942</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>REPUBLIC SVCS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>760759100</cusip>
			<value>750</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11762</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>11762</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>RESTAURANT BRANDS INTL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>76131D103</cusip>
			<value>319</value>
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				<sshPrnamt>5100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>5100</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>REYNOLDS AMERICAN INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>761713106</cusip>
			<value>72406</value>
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				<sshPrnamt>1113259</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>1113259</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>RICE MIDSTREAM PARTNERS LP</nameOfIssuer>
			<titleOfClass>UNIT LTD PARTN</titleOfClass>
			<cusip>762819100</cusip>
			<value>2018</value>
			<shrsOrPrnAmt>
				<sshPrnamt>101204</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>101204</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>RIO TINTO PLC</nameOfIssuer>
			<titleOfClass>SPONSORED ADR</titleOfClass>
			<cusip>767204100</cusip>
			<value>628</value>
			<shrsOrPrnAmt>
				<sshPrnamt>14850</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>14850</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>RITE AID CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>767754104</cusip>
			<value>510</value>
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				<sshPrnamt>173000</sshPrnamt>
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			<nameOfIssuer>ROBERT HALF INTL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>770323103</cusip>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>ROYAL CARIBBEAN CRUISES LTD</nameOfIssuer>
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			<nameOfIssuer>RPM INTL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>749685103</cusip>
			<value>886</value>
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				<sshPrnamt>16250</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<Sole>16250</Sole>
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				<None>0</None>
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			<nameOfIssuer>RYDER SYS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>783549108</cusip>
			<value>469</value>
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				<sshPrnamt>6516</sshPrnamt>
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			<nameOfIssuer>RYMAN HOSPITALITY PPTYS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>78377T107</cusip>
			<value>1288</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>S&amp;P GLOBAL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>SALESFORCE COM INC</nameOfIssuer>
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			<nameOfIssuer>SALLY BEAUTY HLDGS INC</nameOfIssuer>
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			<nameOfIssuer>SCANA CORP NEW</nameOfIssuer>
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			<nameOfIssuer>SCHLUMBERGER LTD</nameOfIssuer>
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			<nameOfIssuer>SCIENCE APPLICATNS INTL</nameOfIssuer>
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			<nameOfIssuer>SCOTTS MIRACLE GRO CO</nameOfIssuer>
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			<nameOfIssuer>SCRIPPS NETWORKS INTERACT IN</nameOfIssuer>
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			<nameOfIssuer>SEALED AIR CORP NEW</nameOfIssuer>
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			<nameOfIssuer>SEARS HLDGS CORP</nameOfIssuer>
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			<nameOfIssuer>SEI INVESTMENTS CO</nameOfIssuer>
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			<cusip>784117103</cusip>
			<value>872</value>
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			<nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
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			<value>617</value>
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			<nameOfIssuer>SENIOR HSG PPTYS TR</nameOfIssuer>
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			<cusip>81721M109</cusip>
			<value>602</value>
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			<nameOfIssuer>SENSIENT TECHNOLOGIES CORP</nameOfIssuer>
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			<nameOfIssuer>SERVICE CORP INTL</nameOfIssuer>
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			<nameOfIssuer>SHELL MIDSTREAM PARTNERS L P</nameOfIssuer>
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			<nameOfIssuer>SHERWIN WILLIAMS CO</nameOfIssuer>
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			<nameOfIssuer>SHIRE PLC</nameOfIssuer>
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			<value>1856</value>
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			<nameOfIssuer>SHOPIFY INC</nameOfIssuer>
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			<nameOfIssuer>SIBANYE GOLD LTD</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>SIGNATURE BK NEW YORK N Y</nameOfIssuer>
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			<nameOfIssuer>SIGNET JEWELERS LIMITED</nameOfIssuer>
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			<nameOfIssuer>SILGAN HOLDINGS INC</nameOfIssuer>
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			<nameOfIssuer>SILICON LABORATORIES INC</nameOfIssuer>
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			<nameOfIssuer>SIMON PPTY GROUP INC NEW</nameOfIssuer>
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			<cusip>828806109</cusip>
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			<nameOfIssuer>SIRIUS XM HLDGS INC</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>SMITH A O</nameOfIssuer>
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			<cusip>831865209</cusip>
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			<titleOfClass>COM</titleOfClass>
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			<titleOfClass>COM</titleOfClass>
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			<value>362</value>
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			<nameOfIssuer>SONOCO PRODS CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>622</value>
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				<sshPrnamt>12090</sshPrnamt>
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				<Sole>12090</Sole>
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				<None>0</None>
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			<nameOfIssuer>SOTHEBYS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>299</value>
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				<sshPrnamt>5574</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<Sole>5574</Sole>
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				<None>0</None>
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			<nameOfIssuer>SOUTHERN CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>842587107</cusip>
			<value>5354</value>
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			<nameOfIssuer>SOUTHWEST AIRLS CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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				<Sole>34723</Sole>
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				<None>0</None>
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			<nameOfIssuer>SOUTHWEST GAS HOLDINGS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>844895102</cusip>
			<value>423</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>SPDR GOLD TRUST</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
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			<cusip>78462F103</cusip>
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			<nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer>
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			<cusip>78464A714</cusip>
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			<nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer>
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			<nameOfIssuer>STARBUCKS CORP</nameOfIssuer>
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			<nameOfIssuer>STATE STR CORP</nameOfIssuer>
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			<nameOfIssuer>STEEL DYNAMICS INC</nameOfIssuer>
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			<cusip>858119100</cusip>
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			<nameOfIssuer>STIFEL FINL CORP</nameOfIssuer>
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			<cusip>860630102</cusip>
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			<nameOfIssuer>STRYKER CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>863667101</cusip>
			<value>1060</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<Sole>7638</Sole>
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			<nameOfIssuer>SUBURBAN PROPANE PARTNERS L</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>SUNTRUST BKS INC</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>SUPERIOR ENERGY SVCS INC</nameOfIssuer>
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			<nameOfIssuer>SYMANTEC CORP</nameOfIssuer>
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			<nameOfIssuer>SYNAPTICS INC</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>SYNCHRONY FINL</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>SYNNEX CORP</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>SYNOPSYS INC</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>SYNOVUS FINL CORP</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>SYSCO CORP</nameOfIssuer>
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			<cusip>871829107</cusip>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>T MOBILE US INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>872590104</cusip>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>TAIWAN SEMICONDUCTOR MFG LTD</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>TAKE-TWO INTERACTIVE SOFTWAR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>874054109</cusip>
			<value>927</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>TANGER FACTORY OUTLET CTRS I</nameOfIssuer>
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			<nameOfIssuer>TAUBMAN CTRS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>876664103</cusip>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>TC PIPELINES LP</nameOfIssuer>
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			<cusip>87233Q108</cusip>
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			<nameOfIssuer>TCF FINL CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>872275102</cusip>
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			<investmentDiscretion>DFND</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>TE CONNECTIVITY LTD</nameOfIssuer>
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			<cusip>H84989104</cusip>
			<value>2160</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>TECH DATA CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>878237106</cusip>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>4220</Sole>
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		<infoTable>
			<nameOfIssuer>TEGNA INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>87901J105</cusip>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>TEKLA HEALTHCARE INVS</nameOfIssuer>
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			<cusip>87911J103</cusip>
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			<nameOfIssuer>TEMPUR SEALY INTL INC</nameOfIssuer>
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			<nameOfIssuer>TESORO LOGISTICS LP</nameOfIssuer>
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			<nameOfIssuer>TEVA PHARMACEUTICAL INDS LTD</nameOfIssuer>
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			<nameOfIssuer>UBIQUITI NETWORKS INC</nameOfIssuer>
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			<nameOfIssuer>ULTRAPAR PARTICIPACOES S A</nameOfIssuer>
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			<nameOfIssuer>UMB FINL CORP</nameOfIssuer>
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			<nameOfIssuer>UMPQUA HLDGS CORP</nameOfIssuer>
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			<nameOfIssuer>UNION PAC CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>UNITED CONTL HLDGS INC</nameOfIssuer>
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			<cusip>910047109</cusip>
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			<nameOfIssuer>UNITED NAT FOODS INC</nameOfIssuer>
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			<value>226</value>
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			<nameOfIssuer>UNITED PARCEL SERVICE INC</nameOfIssuer>
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			<nameOfIssuer>UNITED RENTALS INC</nameOfIssuer>
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			<nameOfIssuer>UNITED STATES NATL GAS FUND</nameOfIssuer>
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			<nameOfIssuer>UNITED STATES STL CORP NEW</nameOfIssuer>
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			<nameOfIssuer>UNITED TECHNOLOGIES CORP</nameOfIssuer>
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			<nameOfIssuer>UNITEDHEALTH GROUP INC</nameOfIssuer>
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			<nameOfIssuer>UNITI GROUP INC</nameOfIssuer>
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			<nameOfIssuer>UNIVERSAL HLTH SVCS INC</nameOfIssuer>
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			<nameOfIssuer>URBAN EDGE PPTYS</nameOfIssuer>
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			<nameOfIssuer>US BANCORP DEL</nameOfIssuer>
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			<nameOfIssuer>V F CORP</nameOfIssuer>
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			<nameOfIssuer>VALEANT PHARMACEUTICALS INTL</nameOfIssuer>
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			<nameOfIssuer>VALERO ENERGY CORP NEW</nameOfIssuer>
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			<nameOfIssuer>VANECK VECTORS ETF TR</nameOfIssuer>
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			<cusip>92189F700</cusip>
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			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>VECTREN CORP</nameOfIssuer>
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			<nameOfIssuer>VERSUM MATLS INC</nameOfIssuer>
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			<nameOfIssuer>VERTEX PHARMACEUTICALS INC</nameOfIssuer>
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