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        <nameOfIssuer>WW Grainger Inc</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
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        <nameOfIssuer>Grocery Outlet Holding Corp</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
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        <titleOfClass>COM</titleOfClass>
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            <Shared>32900</Shared>
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        <value>1175616</value>
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            <sshPrnamt>7800</sshPrnamt>
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            <Shared>7800</Shared>
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        <titleOfClass>COM</titleOfClass>
        <cusip>437076102</cusip>
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        <nameOfIssuer>Honeywell International Inc</nameOfIssuer>
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            <Shared>9200</Shared>
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        <nameOfIssuer>Houlihan Lokey Inc</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>441593100</cusip>
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            <Shared>11900</Shared>
            <None>0</None>
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        <nameOfIssuer>Hubbell Inc</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
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        <shrsOrPrnAmt>
            <sshPrnamt>5900</sshPrnamt>
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            <Shared>5900</Shared>
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        <titleOfClass>COM</titleOfClass>
        <cusip>446413106</cusip>
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        <shrsOrPrnAmt>
            <sshPrnamt>5700</sshPrnamt>
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            <Shared>5700</Shared>
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        <nameOfIssuer>Huntsman Corp</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>447011107</cusip>
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        <shrsOrPrnAmt>
            <sshPrnamt>32200</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
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            <Shared>32200</Shared>
            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>ITT Inc</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>45073V108</cusip>
        <value>1104640</value>
        <shrsOrPrnAmt>
            <sshPrnamt>12800</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
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            <Sole>0</Sole>
            <Shared>12800</Shared>
            <None>0</None>
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        <nameOfIssuer>IDEXX Laboratories Inc</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>45168D104</cusip>
        <value>44099555</value>
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        <investmentDiscretion>DFND</investmentDiscretion>
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            <Shared>88185</Shared>
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        <nameOfIssuer>Illinois Tool Works Inc</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>452308109</cusip>
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        <shrsOrPrnAmt>
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        <otherManager>1</otherManager>
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            <Shared>7100</Shared>
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        <nameOfIssuer>Ingersoll Rand Inc</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>45687V106</cusip>
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        <otherManager>1</otherManager>
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            <Shared>1043620</Shared>
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        <nameOfIssuer>Ingredion Inc</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>457187102</cusip>
        <value>1159722</value>
        <shrsOrPrnAmt>
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            <Shared>11400</Shared>
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        <nameOfIssuer>Interpublic Group of Cos Inc/The</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>460690100</cusip>
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            <Shared>45900</Shared>
            <None>0</None>
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        <nameOfIssuer>Intuit Inc</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>461202103</cusip>
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        <shrsOrPrnAmt>
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            <Shared>192309</Shared>
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        <titleOfClass>COM NEW</titleOfClass>
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        <nameOfIssuer>iShares MSCI Canada ETF</nameOfIssuer>
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            <Shared>213432</Shared>
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        <votingAuthority>
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            <Shared>74081</Shared>
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        <cusip>464286707</cusip>
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        <shrsOrPrnAmt>
            <sshPrnamt>20106</sshPrnamt>
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            <Shared>20106</Shared>
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        <cusip>464287200</cusip>
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            <sshPrnamt>1361</sshPrnamt>
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            <Shared>1361</Shared>
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            <Shared>96030</Shared>
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        <nameOfIssuer>ISHARES MSCI ALL COUNTRY ASI</nameOfIssuer>
        <titleOfClass>MSCI AC ASIA ETF</titleOfClass>
        <cusip>464288182</cusip>
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        <shrsOrPrnAmt>
            <sshPrnamt>53794</sshPrnamt>
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            <Shared>53794</Shared>
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        <titleOfClass>MSCI ACWI ETF</titleOfClass>
        <cusip>464288257</cusip>
        <value>399616</value>
        <shrsOrPrnAmt>
            <sshPrnamt>4376</sshPrnamt>
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        <votingAuthority>
            <Sole>0</Sole>
            <Shared>4376</Shared>
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        <nameOfIssuer>iShares MBS ETF</nameOfIssuer>
        <titleOfClass>MBS ETF</titleOfClass>
        <cusip>464288588</cusip>
        <value>32010901</value>
        <shrsOrPrnAmt>
            <sshPrnamt>338060</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>338060</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF</nameOfIssuer>
        <titleOfClass>ISHS 1-5YR INVS</titleOfClass>
        <cusip>464288646</cusip>
        <value>34339228</value>
        <shrsOrPrnAmt>
            <sshPrnamt>679581</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>679581</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>ISHARES MSCI INDONESIA ETF</nameOfIssuer>
        <titleOfClass>MSCI INDONIA ETF</titleOfClass>
        <cusip>46429B309</cusip>
        <value>292028</value>
        <shrsOrPrnAmt>
            <sshPrnamt>12432</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>12432</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>ISHARES MSCI CHINA ETF</nameOfIssuer>
        <titleOfClass>MSCI CHINA ETF</titleOfClass>
        <cusip>46429B671</cusip>
        <value>597778</value>
        <shrsOrPrnAmt>
            <sshPrnamt>12069</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>12069</Shared>
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            <Shared>27500</Shared>
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        <nameOfIssuer>Whirlpool Corp</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>963320106</cusip>
        <value>884534</value>
        <shrsOrPrnAmt>
            <sshPrnamt>6700</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
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            <Sole>0</Sole>
            <Shared>6700</Shared>
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        <nameOfIssuer>Workday Inc</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>98138H101</cusip>
        <value>15249468</value>
        <shrsOrPrnAmt>
            <sshPrnamt>73833</sshPrnamt>
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            <Sole>0</Sole>
            <Shared>73833</Shared>
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        <nameOfIssuer>YETI Holdings Inc</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>98585X104</cusip>
        <value>16703840</value>
        <shrsOrPrnAmt>
            <sshPrnamt>417596</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
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            <Sole>0</Sole>
            <Shared>417596</Shared>
            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>Deutsche Bank AG</nameOfIssuer>
        <titleOfClass>NAMEN AKT</titleOfClass>
        <cusip>D18190898</cusip>
        <value>100129</value>
        <shrsOrPrnAmt>
            <sshPrnamt>9834</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>9834</Shared>
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        <nameOfIssuer>Deutsche Bank AG</nameOfIssuer>
        <titleOfClass>NAMEN AKT</titleOfClass>
        <cusip>D18190898</cusip>
        <value>372307</value>
        <shrsOrPrnAmt>
            <sshPrnamt>36632</sshPrnamt>
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            <Shared>36632</Shared>
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        <nameOfIssuer>Allegion plc</nameOfIssuer>
        <titleOfClass>ORD SHS</titleOfClass>
        <cusip>G0176J109</cusip>
        <value>1238068</value>
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            <sshPrnamt>11600</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
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            <Shared>11600</Shared>
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        <nameOfIssuer>Amdocs Ltd</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>G02602103</cusip>
        <value>1257993</value>
        <shrsOrPrnAmt>
            <sshPrnamt>13100</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
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            <Sole>0</Sole>
            <Shared>13100</Shared>
            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>Aon PLC</nameOfIssuer>
        <titleOfClass>SHS CL A</titleOfClass>
        <cusip>G0403H108</cusip>
        <value>64947218</value>
        <shrsOrPrnAmt>
            <sshPrnamt>205992</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
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            <Sole>0</Sole>
            <Shared>205992</Shared>
            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>Accenture PLC</nameOfIssuer>
        <titleOfClass>SHS CLASS A</titleOfClass>
        <cusip>G1151C101</cusip>
        <value>3829854</value>
        <shrsOrPrnAmt>
            <sshPrnamt>13400</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>13400</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>Eaton Corp PLC</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>G29183103</cusip>
        <value>67427088</value>
        <shrsOrPrnAmt>
            <sshPrnamt>393528</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>393528</Shared>
            <None>0</None>
        </votingAuthority>
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    <infoTable>
        <nameOfIssuer>Ferguson PLC</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>G3421J106</cusip>
        <value>53461079</value>
        <shrsOrPrnAmt>
            <sshPrnamt>399709</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
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            <Sole>0</Sole>
            <Shared>399709</Shared>
            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>Johnson Controls International plc</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>G51502105</cusip>
        <value>1216444</value>
        <shrsOrPrnAmt>
            <sshPrnamt>20200</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
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            <Sole>0</Sole>
            <Shared>20200</Shared>
            <None>0</None>
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        <nameOfIssuer>Linde PLC</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>G54950103</cusip>
        <value>87074269</value>
        <shrsOrPrnAmt>
            <sshPrnamt>244976</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
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            <Shared>244976</Shared>
            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>Medtronic PLC</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>G5960L103</cusip>
        <value>2531468</value>
        <shrsOrPrnAmt>
            <sshPrnamt>31400</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
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            <Shared>31400</Shared>
            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>Seagate Technology Holdings PLC</nameOfIssuer>
        <titleOfClass>ORD SHS</titleOfClass>
        <cusip>G7997R103</cusip>
        <value>747156</value>
        <shrsOrPrnAmt>
            <sshPrnamt>11300</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
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            <Sole>0</Sole>
            <Shared>11300</Shared>
            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>Trane Technologies PLC</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>G8994E103</cusip>
        <value>1784606</value>
        <shrsOrPrnAmt>
            <sshPrnamt>9700</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
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            <Shared>9700</Shared>
            <None>0</None>
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        <nameOfIssuer>Alcon Inc</nameOfIssuer>
        <titleOfClass>ORD SHS</titleOfClass>
        <cusip>H01301128</cusip>
        <value>9151082</value>
        <shrsOrPrnAmt>
            <sshPrnamt>129084</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
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            <Shared>129084</Shared>
            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>UBS Group AG</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>H42097107</cusip>
        <value>295493</value>
        <shrsOrPrnAmt>
            <sshPrnamt>13984</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
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            <Shared>13984</Shared>
            <None>0</None>
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        <nameOfIssuer>UBS Group AG</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>H42097107</cusip>
        <value>19521759</value>
        <shrsOrPrnAmt>
            <sshPrnamt>923615</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
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            <Shared>923615</Shared>
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        <nameOfIssuer>CNH Industrial NV</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>N20944109</cusip>
        <value>4314152</value>
        <shrsOrPrnAmt>
            <sshPrnamt>282061</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
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            <Shared>282061</Shared>
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        <nameOfIssuer>Ferrari NV</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>N3167Y103</cusip>
        <value>8265532</value>
        <shrsOrPrnAmt>
            <sshPrnamt>30521</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
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            <Shared>30521</Shared>
            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>LyondellBasell Industries NV</nameOfIssuer>
        <titleOfClass>SHS - A -</titleOfClass>
        <cusip>N53745100</cusip>
        <value>1164236</value>
        <shrsOrPrnAmt>
            <sshPrnamt>12400</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
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            <Sole>0</Sole>
            <Shared>12400</Shared>
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        </votingAuthority>
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        <nameOfIssuer>QIAGEN NV</nameOfIssuer>
        <titleOfClass>SHS NEW</titleOfClass>
        <cusip>N72482123</cusip>
        <value>2412603</value>
        <shrsOrPrnAmt>
            <sshPrnamt>52993</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>52993</Shared>
            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>Stellantis NV</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>N82405106</cusip>
        <value>6569341</value>
        <shrsOrPrnAmt>
            <sshPrnamt>361430</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>361430</Shared>
            <None>0</None>
        </votingAuthority>
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        <nameOfIssuer>Stellantis NV</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>N82405106</cusip>
        <value>15699031</value>
        <shrsOrPrnAmt>
            <sshPrnamt>863931</sshPrnamt>
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        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>863931</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
</informationTable>
