<?xml version="1.0" encoding="us-ascii"?>
<informationTable xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable">
    <infoTable>
        <nameOfIssuer>AT&amp;T INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>00206R102</cusip>
        <value>3134808</value>
        <shrsOrPrnAmt>
            <sshPrnamt>126200</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>126200</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ABBOTT LABS</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>002824100</cusip>
        <value>2380510</value>
        <shrsOrPrnAmt>
            <sshPrnamt>19000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>19000</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ABBVIE INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>00287Y109</cusip>
        <value>86869385</value>
        <shrsOrPrnAmt>
            <sshPrnamt>380189</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>380189</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ADOBE INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>00724F101</cusip>
        <value>24536399</value>
        <shrsOrPrnAmt>
            <sshPrnamt>70106</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>70106</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ADVANCED MICRO DEVICES INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>007903107</cusip>
        <value>70815859</value>
        <shrsOrPrnAmt>
            <sshPrnamt>330668</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>330668</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>AGILENT TECHNOLOGIES INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>00846U101</cusip>
        <value>2136299</value>
        <shrsOrPrnAmt>
            <sshPrnamt>15700</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>15700</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>AGNICO EAGLE MINES LTD</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>008474108</cusip>
        <value>36475379</value>
        <shrsOrPrnAmt>
            <sshPrnamt>214886</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>214886</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ALBERTSONS COS INC</nameOfIssuer>
        <titleOfClass>COMMON STOCK</titleOfClass>
        <cusip>013091103</cusip>
        <value>1352996</value>
        <shrsOrPrnAmt>
            <sshPrnamt>78800</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>78800</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ALNYLAM PHARMACEUTICALS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>02043Q107</cusip>
        <value>12057543</value>
        <shrsOrPrnAmt>
            <sshPrnamt>30322</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>30322</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ALPHABET INC</nameOfIssuer>
        <titleOfClass>CAP STK CL A</titleOfClass>
        <cusip>02079K305</cusip>
        <value>740906995</value>
        <shrsOrPrnAmt>
            <sshPrnamt>2367115</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>2367115</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>AMAZON COM INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>023135106</cusip>
        <value>466531307</value>
        <shrsOrPrnAmt>
            <sshPrnamt>2021191</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>2021191</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>AMERICAN EXPRESS CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>025816109</cusip>
        <value>40370794</value>
        <shrsOrPrnAmt>
            <sshPrnamt>109125</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>109125</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CENCORA INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>03073E105</cusip>
        <value>32937380</value>
        <shrsOrPrnAmt>
            <sshPrnamt>97520</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>97520</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>AMGEN INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>031162100</cusip>
        <value>5957042</value>
        <shrsOrPrnAmt>
            <sshPrnamt>18200</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>18200</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>AMPHENOL CORP NEW</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>032095101</cusip>
        <value>38826668</value>
        <shrsOrPrnAmt>
            <sshPrnamt>287307</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>287307</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ELEVANCE HEALTH INC FORMERLY</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>036752103</cusip>
        <value>2699235</value>
        <shrsOrPrnAmt>
            <sshPrnamt>7700</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>7700</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ANTERO MIDSTREAM CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>03676B102</cusip>
        <value>1159908</value>
        <shrsOrPrnAmt>
            <sshPrnamt>65200</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>65200</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>APOLLO GLOBAL MGMT INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>03769M106</cusip>
        <value>12311983</value>
        <shrsOrPrnAmt>
            <sshPrnamt>85051</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>85051</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>APPLE INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>037833100</cusip>
        <value>909681892</value>
        <shrsOrPrnAmt>
            <sshPrnamt>3346141</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>3346141</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>APPLIED MATLS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>038222105</cusip>
        <value>5238998</value>
        <shrsOrPrnAmt>
            <sshPrnamt>20386</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>20386</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>APPLOVIN CORP</nameOfIssuer>
        <titleOfClass>COM CL A</titleOfClass>
        <cusip>03831W108</cusip>
        <value>38717697</value>
        <shrsOrPrnAmt>
            <sshPrnamt>57460</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>57460</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ARCHER DANIELS MIDLAND CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>039483102</cusip>
        <value>1667210</value>
        <shrsOrPrnAmt>
            <sshPrnamt>29000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>29000</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>AUTOMATIC DATA PROCESSING IN</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>053015103</cusip>
        <value>2160732</value>
        <shrsOrPrnAmt>
            <sshPrnamt>8400</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>8400</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>AVERY DENNISON CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>053611109</cusip>
        <value>1309536</value>
        <shrsOrPrnAmt>
            <sshPrnamt>7200</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>7200</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>BAKER HUGHES COMPANY</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>05722G100</cusip>
        <value>16144340</value>
        <shrsOrPrnAmt>
            <sshPrnamt>354509</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>354509</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>BANK AMERICA CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>060505104</cusip>
        <value>81207885</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1476507</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>1476507</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>BANK NEW YORK MELLON CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>064058100</cusip>
        <value>68325582</value>
        <shrsOrPrnAmt>
            <sshPrnamt>588557</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>588557</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>BARRICK MNG CORP</nameOfIssuer>
        <titleOfClass>COM SHS</titleOfClass>
        <cusip>06849F108</cusip>
        <value>100990703</value>
        <shrsOrPrnAmt>
            <sshPrnamt>2316165</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>2316165</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>BERKSHIRE HATHAWAY INC DEL</nameOfIssuer>
        <titleOfClass>CL B NEW</titleOfClass>
        <cusip>084670702</cusip>
        <value>111353562</value>
        <shrsOrPrnAmt>
            <sshPrnamt>221533</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>221533</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>BEST BUY INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>086516101</cusip>
        <value>689379</value>
        <shrsOrPrnAmt>
            <sshPrnamt>10300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>10300</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>BLACKROCK INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>09290D101</cusip>
        <value>3853224</value>
        <shrsOrPrnAmt>
            <sshPrnamt>3600</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>3600</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>BOEING CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>097023105</cusip>
        <value>113858162</value>
        <shrsOrPrnAmt>
            <sshPrnamt>524402</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>524402</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>BOOKING HOLDINGS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>09857L108</cusip>
        <value>36860736</value>
        <shrsOrPrnAmt>
            <sshPrnamt>6883</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>6883</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>BORGWARNER INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>099724106</cusip>
        <value>1924062</value>
        <shrsOrPrnAmt>
            <sshPrnamt>42700</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>42700</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>BRISTOL-MYERS SQUIBB CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>110122108</cusip>
        <value>23692498</value>
        <shrsOrPrnAmt>
            <sshPrnamt>439238</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>439238</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>BROADRIDGE FINL SOLUTIONS IN</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>11133T103</cusip>
        <value>1941579</value>
        <shrsOrPrnAmt>
            <sshPrnamt>8700</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>8700</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>BROADCOM INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>11135F101</cusip>
        <value>335507610</value>
        <shrsOrPrnAmt>
            <sshPrnamt>969395</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>969395</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>BROOKFIELD CORP</nameOfIssuer>
        <titleOfClass>CL A LTD VT SH</titleOfClass>
        <cusip>11271J107</cusip>
        <value>25792586</value>
        <shrsOrPrnAmt>
            <sshPrnamt>561220</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>561220</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CBRE GROUP INC</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>12504L109</cusip>
        <value>33264557</value>
        <shrsOrPrnAmt>
            <sshPrnamt>206882</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>206882</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>C H ROBINSON WORLDWIDE INC</nameOfIssuer>
        <titleOfClass>COM NEW</titleOfClass>
        <cusip>12541W209</cusip>
        <value>2122032</value>
        <shrsOrPrnAmt>
            <sshPrnamt>13200</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>13200</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>THE CIGNA GROUP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>125523100</cusip>
        <value>4596341</value>
        <shrsOrPrnAmt>
            <sshPrnamt>16700</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>16700</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CAMECO CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>13321L108</cusip>
        <value>12911701</value>
        <shrsOrPrnAmt>
            <sshPrnamt>140875</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>140875</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CANADIAN IMPERIAL BANK OF CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>136069101</cusip>
        <value>33897317</value>
        <shrsOrPrnAmt>
            <sshPrnamt>373557</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>373557</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CANADIAN NATL RY CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>136375102</cusip>
        <value>2217539</value>
        <shrsOrPrnAmt>
            <sshPrnamt>22400</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>22400</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CAPITAL ONE FINL CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>14040H105</cusip>
        <value>114959831</value>
        <shrsOrPrnAmt>
            <sshPrnamt>474335</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>474335</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CARDINAL HEALTH INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>14149Y108</cusip>
        <value>60677574</value>
        <shrsOrPrnAmt>
            <sshPrnamt>295268</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>295268</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CARNIVAL CORP</nameOfIssuer>
        <titleOfClass>UNIT 99/99/9999</titleOfClass>
        <cusip>143658300</cusip>
        <value>26657664</value>
        <shrsOrPrnAmt>
            <sshPrnamt>872877</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>872877</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CATERPILLAR INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>149123101</cusip>
        <value>102009242</value>
        <shrsOrPrnAmt>
            <sshPrnamt>178067</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>178067</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>EXPAND ENERGY CORPORATION</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>165167735</cusip>
        <value>67242238</value>
        <shrsOrPrnAmt>
            <sshPrnamt>609299</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>609299</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CHEVRON CORP NEW</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>166764100</cusip>
        <value>61497435</value>
        <shrsOrPrnAmt>
            <sshPrnamt>403500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>403500</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CHIPOTLE MEXICAN GRILL INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>169656105</cusip>
        <value>30548865</value>
        <shrsOrPrnAmt>
            <sshPrnamt>825645</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>825645</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CIENA CORP</nameOfIssuer>
        <titleOfClass>COM NEW</titleOfClass>
        <cusip>171779309</cusip>
        <value>86350651</value>
        <shrsOrPrnAmt>
            <sshPrnamt>369225</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>369225</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CISCO SYS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>17275R102</cusip>
        <value>127870031</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1660003</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>1660003</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CITIGROUP INC</nameOfIssuer>
        <titleOfClass>COM NEW</titleOfClass>
        <cusip>172967424</cusip>
        <value>132726473</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1137428</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>1137428</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CITIZENS FINL GROUP INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>174610105</cusip>
        <value>40774678</value>
        <shrsOrPrnAmt>
            <sshPrnamt>698077</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>698077</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>COCA COLA CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>191216100</cusip>
        <value>73517915</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1051608</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>1051608</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>COCA-COLA FEMSA SAB DE CV</nameOfIssuer>
        <titleOfClass>SPONS ADS REP</titleOfClass>
        <cusip>191241108</cusip>
        <value>1733193</value>
        <shrsOrPrnAmt>
            <sshPrnamt>18300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>18300</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>COGNIZANT TECHNOLOGY SOLUTIO</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>192446102</cusip>
        <value>3427070</value>
        <shrsOrPrnAmt>
            <sshPrnamt>41290</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>41290</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>COINBASE GLOBAL INC</nameOfIssuer>
        <titleOfClass>COM CL A</titleOfClass>
        <cusip>19260Q107</cusip>
        <value>9638539</value>
        <shrsOrPrnAmt>
            <sshPrnamt>42622</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>42622</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>COLGATE PALMOLIVE CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>194162103</cusip>
        <value>2017697</value>
        <shrsOrPrnAmt>
            <sshPrnamt>25534</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>25534</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CONSTELLATION ENERGY CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>21037T109</cusip>
        <value>21952904</value>
        <shrsOrPrnAmt>
            <sshPrnamt>62142</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>62142</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CROWN HLDGS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>228368106</cusip>
        <value>1400392</value>
        <shrsOrPrnAmt>
            <sshPrnamt>13600</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>13600</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CULLEN FROST BANKERS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>229899109</cusip>
        <value>1367604</value>
        <shrsOrPrnAmt>
            <sshPrnamt>10800</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>10800</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CUMMINS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>231021106</cusip>
        <value>3501177</value>
        <shrsOrPrnAmt>
            <sshPrnamt>6859</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>6859</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CURTISS WRIGHT CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>231561101</cusip>
        <value>34934531</value>
        <shrsOrPrnAmt>
            <sshPrnamt>63371</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>63371</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>DT MIDSTREAM INC</nameOfIssuer>
        <titleOfClass>COMMON STOCK</titleOfClass>
        <cusip>23345M107</cusip>
        <value>1472064</value>
        <shrsOrPrnAmt>
            <sshPrnamt>12300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>12300</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>DARDEN RESTAURANTS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>237194105</cusip>
        <value>2421703</value>
        <shrsOrPrnAmt>
            <sshPrnamt>13160</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>13160</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>DELL TECHNOLOGIES INC</nameOfIssuer>
        <titleOfClass>CL C</titleOfClass>
        <cusip>24703L202</cusip>
        <value>2127372</value>
        <shrsOrPrnAmt>
            <sshPrnamt>16900</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>16900</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>DISNEY WALT CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>254687106</cusip>
        <value>45719385</value>
        <shrsOrPrnAmt>
            <sshPrnamt>401858</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>401858</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>DR REDDYS LABS LTD</nameOfIssuer>
        <titleOfClass>ADR</titleOfClass>
        <cusip>256135203</cusip>
        <value>2687214</value>
        <shrsOrPrnAmt>
            <sshPrnamt>191397</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>191397</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>DOLLAR GEN CORP NEW</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>256677105</cusip>
        <value>2044658</value>
        <shrsOrPrnAmt>
            <sshPrnamt>15400</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>15400</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>DOLLAR TREE INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>256746108</cusip>
        <value>75960520</value>
        <shrsOrPrnAmt>
            <sshPrnamt>617515</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>617515</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>DONALDSON INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>257651109</cusip>
        <value>3834634</value>
        <shrsOrPrnAmt>
            <sshPrnamt>43251</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>43251</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>DOVER CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>260003108</cusip>
        <value>3656455</value>
        <shrsOrPrnAmt>
            <sshPrnamt>18728</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>18728</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>DUPONT DE NEMOURS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>26614N102</cusip>
        <value>65020043</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1617414</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>1617414</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>EAST WEST BANCORP INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>27579R104</cusip>
        <value>1944347</value>
        <shrsOrPrnAmt>
            <sshPrnamt>17300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>17300</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ECOLAB INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>278865100</cusip>
        <value>16707823</value>
        <shrsOrPrnAmt>
            <sshPrnamt>63644</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>63644</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>EMCOR GROUP INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>29084Q100</cusip>
        <value>11429461</value>
        <shrsOrPrnAmt>
            <sshPrnamt>18682</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>18682</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>EMERSON ELEC CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>291011104</cusip>
        <value>2481864</value>
        <shrsOrPrnAmt>
            <sshPrnamt>18700</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>18700</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ENACT HLDGS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>29249E109</cusip>
        <value>1522176</value>
        <shrsOrPrnAmt>
            <sshPrnamt>38400</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>38400</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ENERGY TRANSFER L P</nameOfIssuer>
        <titleOfClass>COM UT LTD PTN</titleOfClass>
        <cusip>29273V100</cusip>
        <value>32828853</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1990834</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>1990834</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>EXPEDITORS INTL WASH INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>302130109</cusip>
        <value>44508095</value>
        <shrsOrPrnAmt>
            <sshPrnamt>298692</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>298692</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>EXXON MOBIL CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>30231G102</cusip>
        <value>107025703</value>
        <shrsOrPrnAmt>
            <sshPrnamt>889361</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>889361</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>META PLATFORMS INC</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>30303M102</cusip>
        <value>305444766</value>
        <shrsOrPrnAmt>
            <sshPrnamt>462732</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>462732</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FERGUSON ENTERPRISES INC</nameOfIssuer>
        <titleOfClass>COMMON STOCK NEW</titleOfClass>
        <cusip>31488V107</cusip>
        <value>1959144</value>
        <shrsOrPrnAmt>
            <sshPrnamt>8800</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>8800</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FIFTH THIRD BANCORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>316773100</cusip>
        <value>25344432</value>
        <shrsOrPrnAmt>
            <sshPrnamt>541432</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>541432</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FIRST CTZNS BANCSHARES INC D</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>31946M103</cusip>
        <value>14727087</value>
        <shrsOrPrnAmt>
            <sshPrnamt>6862</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>6862</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FRANKLIN TEMPLETON ETF TR</nameOfIssuer>
        <titleOfClass>FTSE JAPAN ETF</titleOfClass>
        <cusip>35473P744</cusip>
        <value>5582630</value>
        <shrsOrPrnAmt>
            <sshPrnamt>161441</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>161441</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FREEPORT-MCMORAN INC</nameOfIssuer>
        <titleOfClass>CL B</titleOfClass>
        <cusip>35671D857</cusip>
        <value>115824563</value>
        <shrsOrPrnAmt>
            <sshPrnamt>2280460</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>2280460</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FUTU HLDGS LTD</nameOfIssuer>
        <titleOfClass>SPON ADS CL A</titleOfClass>
        <cusip>36118L106</cusip>
        <value>14641785</value>
        <shrsOrPrnAmt>
            <sshPrnamt>89165</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>89165</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GE HEALTHCARE TECHNOLOGIES I</nameOfIssuer>
        <titleOfClass>COMMON STOCK</titleOfClass>
        <cusip>36266G107</cusip>
        <value>56818043</value>
        <shrsOrPrnAmt>
            <sshPrnamt>692734</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>692734</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GE VERNOVA INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>36828A101</cusip>
        <value>69958786</value>
        <shrsOrPrnAmt>
            <sshPrnamt>107041</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>107041</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GENERAL DYNAMICS CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>369550108</cusip>
        <value>2423952</value>
        <shrsOrPrnAmt>
            <sshPrnamt>7200</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>7200</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GE AEROSPACE</nameOfIssuer>
        <titleOfClass>COM NEW</titleOfClass>
        <cusip>369604301</cusip>
        <value>63871561</value>
        <shrsOrPrnAmt>
            <sshPrnamt>207355</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>207355</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GENERAL MLS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>370334104</cusip>
        <value>1262940</value>
        <shrsOrPrnAmt>
            <sshPrnamt>27160</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>27160</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GENERAL MTRS CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>37045V100</cusip>
        <value>5611649</value>
        <shrsOrPrnAmt>
            <sshPrnamt>69007</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>69007</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GENUINE PARTS CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>372460105</cusip>
        <value>2433132</value>
        <shrsOrPrnAmt>
            <sshPrnamt>19788</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>19788</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GILEAD SCIENCES INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>375558103</cusip>
        <value>37775076</value>
        <shrsOrPrnAmt>
            <sshPrnamt>307765</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>307765</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GOLDMAN SACHS GROUP INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>38141G104</cusip>
        <value>55712778</value>
        <shrsOrPrnAmt>
            <sshPrnamt>63382</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>63382</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GUIDEWIRE SOFTWARE INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>40171V100</cusip>
        <value>5547474</value>
        <shrsOrPrnAmt>
            <sshPrnamt>27598</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>27598</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HCA HEALTHCARE INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>40412C101</cusip>
        <value>56912101</value>
        <shrsOrPrnAmt>
            <sshPrnamt>121904</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>121904</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HDFC BANK LTD</nameOfIssuer>
        <titleOfClass>SPONSORED ADS</titleOfClass>
        <cusip>40415F101</cusip>
        <value>13722195</value>
        <shrsOrPrnAmt>
            <sshPrnamt>375539</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>375539</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HP INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>40434L105</cusip>
        <value>1668772</value>
        <shrsOrPrnAmt>
            <sshPrnamt>74900</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>74900</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HARTFORD INSURANCE GROUP INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>416515104</cusip>
        <value>56823346</value>
        <shrsOrPrnAmt>
            <sshPrnamt>412361</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>412361</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HESS MIDSTREAM LP</nameOfIssuer>
        <titleOfClass>CL A SHS</titleOfClass>
        <cusip>428103105</cusip>
        <value>1169550</value>
        <shrsOrPrnAmt>
            <sshPrnamt>33900</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>33900</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HEWLETT PACKARD ENTERPRISE C</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>42824C109</cusip>
        <value>2281900</value>
        <shrsOrPrnAmt>
            <sshPrnamt>95000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>95000</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HOME DEPOT INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>437076102</cusip>
        <value>76242925</value>
        <shrsOrPrnAmt>
            <sshPrnamt>221572</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>221572</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HONEYWELL INTL INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>438516106</cusip>
        <value>1794828</value>
        <shrsOrPrnAmt>
            <sshPrnamt>9200</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>9200</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HUBBELL INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>443510607</cusip>
        <value>1909673</value>
        <shrsOrPrnAmt>
            <sshPrnamt>4300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>4300</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HUMANA INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>444859102</cusip>
        <value>1664845</value>
        <shrsOrPrnAmt>
            <sshPrnamt>6500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>6500</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>HUNT J B TRANS SVCS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>445658107</cusip>
        <value>18413521</value>
        <shrsOrPrnAmt>
            <sshPrnamt>94749</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>94749</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>IDEX CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>45167R104</cusip>
        <value>2841168</value>
        <shrsOrPrnAmt>
            <sshPrnamt>15967</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>15967</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>IDEXX LABS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>45168D104</cusip>
        <value>44563031</value>
        <shrsOrPrnAmt>
            <sshPrnamt>65870</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>65870</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ILLINOIS TOOL WKS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>452308109</cusip>
        <value>2142810</value>
        <shrsOrPrnAmt>
            <sshPrnamt>8700</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>8700</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>INGREDION INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>457187102</cusip>
        <value>1256964</value>
        <shrsOrPrnAmt>
            <sshPrnamt>11400</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>11400</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>INSMED INC</nameOfIssuer>
        <titleOfClass>COM PAR $.01</titleOfClass>
        <cusip>457669307</cusip>
        <value>48922296</value>
        <shrsOrPrnAmt>
            <sshPrnamt>281098</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>281098</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>INTERACTIVE BROKERS GROUP IN</nameOfIssuer>
        <titleOfClass>COM CL A</titleOfClass>
        <cusip>45841N107</cusip>
        <value>16197888</value>
        <shrsOrPrnAmt>
            <sshPrnamt>251872</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>251872</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>INTERNATIONAL BUSINESS MACHS</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>459200101</cusip>
        <value>131405273</value>
        <shrsOrPrnAmt>
            <sshPrnamt>443622</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>443622</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>INTUIT</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>461202103</cusip>
        <value>50204812</value>
        <shrsOrPrnAmt>
            <sshPrnamt>75790</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>75790</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>INTUITIVE SURGICAL INC</nameOfIssuer>
        <titleOfClass>COM NEW</titleOfClass>
        <cusip>46120E602</cusip>
        <value>77009668</value>
        <shrsOrPrnAmt>
            <sshPrnamt>135973</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>135973</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>IONIS PHARMACEUTICALS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>462222100</cusip>
        <value>20712580</value>
        <shrsOrPrnAmt>
            <sshPrnamt>261820</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>261820</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>CORE S&amp;P500 ETF</titleOfClass>
        <cusip>464287200</cusip>
        <value>7085478</value>
        <shrsOrPrnAmt>
            <sshPrnamt>10270</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>10270</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>US CONSUM DISCRE</titleOfClass>
        <cusip>464287580</cusip>
        <value>6113231</value>
        <shrsOrPrnAmt>
            <sshPrnamt>58900</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>58900</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>U.S. UTILITS ETF</titleOfClass>
        <cusip>464287697</cusip>
        <value>1413936</value>
        <shrsOrPrnAmt>
            <sshPrnamt>12960</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>12960</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>US TELECOM ETF</titleOfClass>
        <cusip>464287713</cusip>
        <value>16138024</value>
        <shrsOrPrnAmt>
            <sshPrnamt>474090</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>474090</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>US INDUSTRIALS</titleOfClass>
        <cusip>464287754</cusip>
        <value>2596709</value>
        <shrsOrPrnAmt>
            <sshPrnamt>17360</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>17360</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>US HLTHCARE ETF</titleOfClass>
        <cusip>464287762</cusip>
        <value>1940765</value>
        <shrsOrPrnAmt>
            <sshPrnamt>29630</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>29630</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>U.S. FINLS ETF</titleOfClass>
        <cusip>464287788</cusip>
        <value>6525465</value>
        <shrsOrPrnAmt>
            <sshPrnamt>50250</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>50250</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>U.S. ENERGY ETF</titleOfClass>
        <cusip>464287796</cusip>
        <value>3800895</value>
        <shrsOrPrnAmt>
            <sshPrnamt>79500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>79500</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>US CONSM STAPLES</titleOfClass>
        <cusip>464287812</cusip>
        <value>7481363</value>
        <shrsOrPrnAmt>
            <sshPrnamt>111100</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>111100</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>EUROPE ETF</titleOfClass>
        <cusip>464287861</cusip>
        <value>1196961</value>
        <shrsOrPrnAmt>
            <sshPrnamt>17380</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>17380</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>MSCI AC ASIA ETF</titleOfClass>
        <cusip>464288182</cusip>
        <value>13864078</value>
        <shrsOrPrnAmt>
            <sshPrnamt>148390</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>148390</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>MSCI ACWI ETF</titleOfClass>
        <cusip>464288257</cusip>
        <value>7401617</value>
        <shrsOrPrnAmt>
            <sshPrnamt>51974</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>51974</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>MBS ETF</titleOfClass>
        <cusip>464288588</cusip>
        <value>32196834</value>
        <shrsOrPrnAmt>
            <sshPrnamt>338060</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>338060</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>ISHS 1-5YR INVS</titleOfClass>
        <cusip>464288646</cusip>
        <value>47271218</value>
        <shrsOrPrnAmt>
            <sshPrnamt>894272</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>894272</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>MSCI CHINA ETF</titleOfClass>
        <cusip>46429B671</cusip>
        <value>4573790</value>
        <shrsOrPrnAmt>
            <sshPrnamt>75500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>75500</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES INC</nameOfIssuer>
        <titleOfClass>MSCI TAIWAN ETF</titleOfClass>
        <cusip>46434G772</cusip>
        <value>2700667</value>
        <shrsOrPrnAmt>
            <sshPrnamt>42390</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>42390</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ISHARES TR</nameOfIssuer>
        <titleOfClass>0-3 MNTH TREASRY</titleOfClass>
        <cusip>46436E718</cusip>
        <value>67565376</value>
        <shrsOrPrnAmt>
            <sshPrnamt>673096</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>673096</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>JPMORGAN CHASE &amp; CO.</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>46625H100</cusip>
        <value>155310040</value>
        <shrsOrPrnAmt>
            <sshPrnamt>482000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>482000</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>JACOBS SOLUTIONS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>46982L108</cusip>
        <value>36494982</value>
        <shrsOrPrnAmt>
            <sshPrnamt>275517</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>275517</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>JOHNSON &amp; JOHNSON</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>478160104</cusip>
        <value>176362376</value>
        <shrsOrPrnAmt>
            <sshPrnamt>852198</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>852198</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>KLA CORP</nameOfIssuer>
        <titleOfClass>COM NEW</titleOfClass>
        <cusip>482480100</cusip>
        <value>104201616</value>
        <shrsOrPrnAmt>
            <sshPrnamt>85757</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>85757</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>KKR &amp; CO INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>48251W104</cusip>
        <value>17247279</value>
        <shrsOrPrnAmt>
            <sshPrnamt>135294</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>135294</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>KINROSS GOLD CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>496902404</cusip>
        <value>27745545</value>
        <shrsOrPrnAmt>
            <sshPrnamt>984120</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>984120</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>KNIGHT-SWIFT TRANSN HLDGS IN</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>499049104</cusip>
        <value>30493146</value>
        <shrsOrPrnAmt>
            <sshPrnamt>583266</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>583266</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>LAM RESEARCH CORP</nameOfIssuer>
        <titleOfClass>COM NEW</titleOfClass>
        <cusip>512807306</cusip>
        <value>131195947</value>
        <shrsOrPrnAmt>
            <sshPrnamt>766421</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>766421</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>LAUDER ESTEE COS INC</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>518439104</cusip>
        <value>75713084</value>
        <shrsOrPrnAmt>
            <sshPrnamt>723005</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>723005</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>LEIDOS HOLDINGS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>525327102</cusip>
        <value>1695760</value>
        <shrsOrPrnAmt>
            <sshPrnamt>9400</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>9400</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ELI LILLY &amp; CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>532457108</cusip>
        <value>252693807</value>
        <shrsOrPrnAmt>
            <sshPrnamt>235134</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>235134</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>LOCKHEED MARTIN CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>539830109</cusip>
        <value>2650512</value>
        <shrsOrPrnAmt>
            <sshPrnamt>5480</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>5480</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>LOWES COS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>548661107</cusip>
        <value>26710882</value>
        <shrsOrPrnAmt>
            <sshPrnamt>110760</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>110760</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MPLX LP</nameOfIssuer>
        <titleOfClass>COM UNIT REP LTD</titleOfClass>
        <cusip>55336V100</cusip>
        <value>2262888</value>
        <shrsOrPrnAmt>
            <sshPrnamt>42400</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>42400</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MANULIFE FINL CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>56501R106</cusip>
        <value>29333954</value>
        <shrsOrPrnAmt>
            <sshPrnamt>805289</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>805289</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MARSH &amp; MCLENNAN COS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>571748102</cusip>
        <value>2634384</value>
        <shrsOrPrnAmt>
            <sshPrnamt>14200</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>14200</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MARRIOTT INTL INC NEW</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>571903202</cusip>
        <value>64736540</value>
        <shrsOrPrnAmt>
            <sshPrnamt>208666</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>208666</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MASCO CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>574599106</cusip>
        <value>2193368</value>
        <shrsOrPrnAmt>
            <sshPrnamt>34563</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>34563</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MASTERCARD INCORPORATED</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>57636Q104</cusip>
        <value>101983716</value>
        <shrsOrPrnAmt>
            <sshPrnamt>178643</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>178643</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MCCORMICK &amp; CO INC</nameOfIssuer>
        <titleOfClass>COM NON VTG</titleOfClass>
        <cusip>579780206</cusip>
        <value>1750427</value>
        <shrsOrPrnAmt>
            <sshPrnamt>25700</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>25700</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MCDONALDS CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>580135101</cusip>
        <value>62006214</value>
        <shrsOrPrnAmt>
            <sshPrnamt>202880</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>202880</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MCKESSON CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>58155Q103</cusip>
        <value>25009002</value>
        <shrsOrPrnAmt>
            <sshPrnamt>30488</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>30488</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MERCK &amp; CO INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>58933Y105</cusip>
        <value>55714434</value>
        <shrsOrPrnAmt>
            <sshPrnamt>529303</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>529303</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MICROSOFT CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>594918104</cusip>
        <value>729865763</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1509172</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>1509172</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MICRON TECHNOLOGY INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>595112103</cusip>
        <value>126023071</value>
        <shrsOrPrnAmt>
            <sshPrnamt>441551</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>441551</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MODINE MFG CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>607828100</cusip>
        <value>14134570</value>
        <shrsOrPrnAmt>
            <sshPrnamt>105869</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>105869</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MOLSON COORS BEVERAGE CO</nameOfIssuer>
        <titleOfClass>CL B</titleOfClass>
        <cusip>60871R209</cusip>
        <value>1181004</value>
        <shrsOrPrnAmt>
            <sshPrnamt>25300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>25300</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MONDELEZ INTL INC</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>609207105</cusip>
        <value>1928837</value>
        <shrsOrPrnAmt>
            <sshPrnamt>35832</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>35832</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MONGODB INC</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>60937P106</cusip>
        <value>12312446</value>
        <shrsOrPrnAmt>
            <sshPrnamt>29337</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>29337</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MONSTER BEVERAGE CORP NEW</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>61174X109</cusip>
        <value>47339661</value>
        <shrsOrPrnAmt>
            <sshPrnamt>617447</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>617447</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MOODYS CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>615369105</cusip>
        <value>13007774</value>
        <shrsOrPrnAmt>
            <sshPrnamt>25463</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>25463</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MORGAN STANLEY</nameOfIssuer>
        <titleOfClass>COM NEW</titleOfClass>
        <cusip>617446448</cusip>
        <value>139634269</value>
        <shrsOrPrnAmt>
            <sshPrnamt>786539</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>786539</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MOTOROLA SOLUTIONS INC</nameOfIssuer>
        <titleOfClass>COM NEW</titleOfClass>
        <cusip>620076307</cusip>
        <value>3393532</value>
        <shrsOrPrnAmt>
            <sshPrnamt>8853</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>8853</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NRG ENERGY INC</nameOfIssuer>
        <titleOfClass>COM NEW</titleOfClass>
        <cusip>629377508</cusip>
        <value>67075391</value>
        <shrsOrPrnAmt>
            <sshPrnamt>421222</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>421222</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NASDAQ INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>631103108</cusip>
        <value>11279610</value>
        <shrsOrPrnAmt>
            <sshPrnamt>116129</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>116129</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NATIONAL FUEL GAS CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>636180101</cusip>
        <value>1641230</value>
        <shrsOrPrnAmt>
            <sshPrnamt>20500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>20500</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NETAPP INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>64110D104</cusip>
        <value>1531387</value>
        <shrsOrPrnAmt>
            <sshPrnamt>14300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>14300</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NETFLIX INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>64110L106</cusip>
        <value>85495244</value>
        <shrsOrPrnAmt>
            <sshPrnamt>911852</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>911852</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NEUROCRINE BIOSCIENCES INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>64125C109</cusip>
        <value>65161950</value>
        <shrsOrPrnAmt>
            <sshPrnamt>459437</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>459437</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NEW YORK TIMES CO</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>650111107</cusip>
        <value>1929876</value>
        <shrsOrPrnAmt>
            <sshPrnamt>27800</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>27800</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NEWMONT CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>651639106</cusip>
        <value>321118</value>
        <shrsOrPrnAmt>
            <sshPrnamt>3216</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>3216</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NEXTERA ENERGY INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>65339F101</cusip>
        <value>109030998</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1358134</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>1358134</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NIKE INC</nameOfIssuer>
        <titleOfClass>CL B</titleOfClass>
        <cusip>654106103</cusip>
        <value>9400092</value>
        <shrsOrPrnAmt>
            <sshPrnamt>147545</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>147545</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NORDSON CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>655663102</cusip>
        <value>1562795</value>
        <shrsOrPrnAmt>
            <sshPrnamt>6500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>6500</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NORFOLK SOUTHN CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>655844108</cusip>
        <value>25860362</value>
        <shrsOrPrnAmt>
            <sshPrnamt>89569</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>89569</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NVIDIA CORPORATION</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>67066G104</cusip>
        <value>1038646289</value>
        <shrsOrPrnAmt>
            <sshPrnamt>5569149</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>5569149</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>OLD DOMINION FREIGHT LINE IN</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>679580100</cusip>
        <value>64434765</value>
        <shrsOrPrnAmt>
            <sshPrnamt>410936</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>410936</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>OMNICOM GROUP INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>681919106</cusip>
        <value>2284337</value>
        <shrsOrPrnAmt>
            <sshPrnamt>28289</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>28289</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ONEOK INC NEW</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>682680103</cusip>
        <value>1675800</value>
        <shrsOrPrnAmt>
            <sshPrnamt>22800</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>22800</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ORACLE CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>68389X105</cusip>
        <value>14605191</value>
        <shrsOrPrnAmt>
            <sshPrnamt>74933</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>74933</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>OTIS WORLDWIDE CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>68902V107</cusip>
        <value>1869290</value>
        <shrsOrPrnAmt>
            <sshPrnamt>21400</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>21400</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PALANTIR TECHNOLOGIES INC</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>69608A108</cusip>
        <value>102723503</value>
        <shrsOrPrnAmt>
            <sshPrnamt>577910</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>577910</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PARKER-HANNIFIN CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>701094104</cusip>
        <value>25876582</value>
        <shrsOrPrnAmt>
            <sshPrnamt>29440</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>29440</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PEPSICO INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>713448108</cusip>
        <value>23577466</value>
        <shrsOrPrnAmt>
            <sshPrnamt>164280</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>164280</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PHILIP MORRIS INTL INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>718172109</cusip>
        <value>116705436</value>
        <shrsOrPrnAmt>
            <sshPrnamt>727590</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>727590</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PRICE T ROWE GROUP INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>74144T108</cusip>
        <value>2876878</value>
        <shrsOrPrnAmt>
            <sshPrnamt>28100</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>28100</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PROCTER AND GAMBLE CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>742718109</cusip>
        <value>4223346</value>
        <shrsOrPrnAmt>
            <sshPrnamt>29470</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>29470</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PROLOGIS INC.</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>74340W103</cusip>
        <value>36877144</value>
        <shrsOrPrnAmt>
            <sshPrnamt>288870</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>288870</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PULTE GROUP INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>745867101</cusip>
        <value>16989919</value>
        <shrsOrPrnAmt>
            <sshPrnamt>144891</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>144891</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>QUALCOMM INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>747525103</cusip>
        <value>38632840</value>
        <shrsOrPrnAmt>
            <sshPrnamt>225857</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>225857</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>QUANTA SVCS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>74762E102</cusip>
        <value>34205431</value>
        <shrsOrPrnAmt>
            <sshPrnamt>81044</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>81044</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>QUEST DIAGNOSTICS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>74834L100</cusip>
        <value>1995595</value>
        <shrsOrPrnAmt>
            <sshPrnamt>11500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>11500</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>RB GLOBAL INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>74935Q107</cusip>
        <value>1813714</value>
        <shrsOrPrnAmt>
            <sshPrnamt>17600</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>17600</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>RPM INTL INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>749685103</cusip>
        <value>1445600</value>
        <shrsOrPrnAmt>
            <sshPrnamt>13900</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>13900</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>RALPH LAUREN CORP</nameOfIssuer>
        <titleOfClass>CL A</titleOfClass>
        <cusip>751212101</cusip>
        <value>53835001</value>
        <shrsOrPrnAmt>
            <sshPrnamt>152244</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>152244</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>RTX CORPORATION</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>75513E101</cusip>
        <value>137108189</value>
        <shrsOrPrnAmt>
            <sshPrnamt>747591</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>747591</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>REGENERON PHARMACEUTICALS</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>75886F107</cusip>
        <value>31501558</value>
        <shrsOrPrnAmt>
            <sshPrnamt>40812</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>40812</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>RELIANCE INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>759509102</cusip>
        <value>1531011</value>
        <shrsOrPrnAmt>
            <sshPrnamt>5300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>5300</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>RESMED INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>761152107</cusip>
        <value>2167830</value>
        <shrsOrPrnAmt>
            <sshPrnamt>9000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>9000</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ROBINHOOD MKTS INC</nameOfIssuer>
        <titleOfClass>COM CL A</titleOfClass>
        <cusip>770700102</cusip>
        <value>17271501</value>
        <shrsOrPrnAmt>
            <sshPrnamt>152710</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>152710</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ROCKWELL AUTOMATION INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>773903109</cusip>
        <value>42957219</value>
        <shrsOrPrnAmt>
            <sshPrnamt>110410</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>110410</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ROYAL BK CDA</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>780087102</cusip>
        <value>121792367</value>
        <shrsOrPrnAmt>
            <sshPrnamt>713739</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>713739</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>S&amp;P GLOBAL INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>78409V104</cusip>
        <value>31088357</value>
        <shrsOrPrnAmt>
            <sshPrnamt>59489</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>59489</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
        <titleOfClass>TR UNIT</titleOfClass>
        <cusip>78462F103</cusip>
        <value>11218873</value>
        <shrsOrPrnAmt>
            <sshPrnamt>16330</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>16330</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer>
        <titleOfClass>STATE STREET SPD</titleOfClass>
        <cusip>78464A375</cusip>
        <value>47432150</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1402903</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>1402903</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer>
        <titleOfClass>STATE STREET SPD</titleOfClass>
        <cusip>78464A383</cusip>
        <value>33218231</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1482295</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>1482295</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SALESFORCE INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>79466L302</cusip>
        <value>147055780</value>
        <shrsOrPrnAmt>
            <sshPrnamt>555116</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>555116</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SLB LIMITED</nameOfIssuer>
        <titleOfClass>COM STK</titleOfClass>
        <cusip>806857108</cusip>
        <value>17338472</value>
        <shrsOrPrnAmt>
            <sshPrnamt>451758</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>451758</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SCHWAB CHARLES CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>808513105</cusip>
        <value>35979389</value>
        <shrsOrPrnAmt>
            <sshPrnamt>360118</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>360118</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SEA LTD</nameOfIssuer>
        <titleOfClass>SPONSORD ADS</titleOfClass>
        <cusip>81141R100</cusip>
        <value>33514808</value>
        <shrsOrPrnAmt>
            <sshPrnamt>262717</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>262717</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SEMPRA</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>816851109</cusip>
        <value>37993306</value>
        <shrsOrPrnAmt>
            <sshPrnamt>430324</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>430324</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SHERWIN WILLIAMS CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>824348106</cusip>
        <value>2365419</value>
        <shrsOrPrnAmt>
            <sshPrnamt>7300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>7300</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SHOPIFY INC</nameOfIssuer>
        <titleOfClass>CL A SUB VTG SHS</titleOfClass>
        <cusip>82509L107</cusip>
        <value>65862646</value>
        <shrsOrPrnAmt>
            <sshPrnamt>409161</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>409161</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SMITH A O CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>831865209</cusip>
        <value>1157024</value>
        <shrsOrPrnAmt>
            <sshPrnamt>17300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>17300</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SNAP ON INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>833034101</cusip>
        <value>3057291</value>
        <shrsOrPrnAmt>
            <sshPrnamt>8872</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>8872</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SOUTHERN COPPER CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>84265V105</cusip>
        <value>2557783</value>
        <shrsOrPrnAmt>
            <sshPrnamt>17828</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>17828</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SOUTHSTATE BK CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>84472E102</cusip>
        <value>1166964</value>
        <shrsOrPrnAmt>
            <sshPrnamt>12400</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>12400</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>STIFEL FINL CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>860630102</cusip>
        <value>1840734</value>
        <shrsOrPrnAmt>
            <sshPrnamt>14700</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>14700</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>STRYKER CORPORATION</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>863667101</cusip>
        <value>3057789</value>
        <shrsOrPrnAmt>
            <sshPrnamt>8700</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>8700</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SUNOCO LP/SUNOCO FIN CORP</nameOfIssuer>
        <titleOfClass>COM UT REP LP</titleOfClass>
        <cusip>86765K109</cusip>
        <value>1425552</value>
        <shrsOrPrnAmt>
            <sshPrnamt>27200</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>27200</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TD SYNNEX CORPORATION</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>87162W100</cusip>
        <value>1367093</value>
        <shrsOrPrnAmt>
            <sshPrnamt>9100</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>9100</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SYSCO CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>871829107</cusip>
        <value>3360264</value>
        <shrsOrPrnAmt>
            <sshPrnamt>45600</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>45600</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TJX COS INC NEW</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>872540109</cusip>
        <value>36850732</value>
        <shrsOrPrnAmt>
            <sshPrnamt>239898</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>239898</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TPG INC</nameOfIssuer>
        <titleOfClass>COM CL A</titleOfClass>
        <cusip>872657101</cusip>
        <value>28455212</value>
        <shrsOrPrnAmt>
            <sshPrnamt>445727</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>445727</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TAKE-TWO INTERACTIVE SOFTWAR</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>874054109</cusip>
        <value>66372961</value>
        <shrsOrPrnAmt>
            <sshPrnamt>259239</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>259239</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TAPESTRY INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>876030107</cusip>
        <value>64282620</value>
        <shrsOrPrnAmt>
            <sshPrnamt>503112</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>503112</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TARGA RES CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>87612G101</cusip>
        <value>25961549</value>
        <shrsOrPrnAmt>
            <sshPrnamt>140713</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>140713</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TECK RESOURCES LTD</nameOfIssuer>
        <titleOfClass>CL B</titleOfClass>
        <cusip>878742204</cusip>
        <value>5101089</value>
        <shrsOrPrnAmt>
            <sshPrnamt>106305</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>106305</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TESLA INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>88160R101</cusip>
        <value>270018634</value>
        <shrsOrPrnAmt>
            <sshPrnamt>600415</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>600415</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>THERMO FISHER SCIENTIFIC INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>883556102</cusip>
        <value>51751838</value>
        <shrsOrPrnAmt>
            <sshPrnamt>89312</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>89312</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>3M CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>88579Y101</cusip>
        <value>49948318</value>
        <shrsOrPrnAmt>
            <sshPrnamt>311982</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>311982</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TORONTO DOMINION BK ONT</nameOfIssuer>
        <titleOfClass>COM NEW</titleOfClass>
        <cusip>891160509</cusip>
        <value>32184390</value>
        <shrsOrPrnAmt>
            <sshPrnamt>341163</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>341163</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TRACTOR SUPPLY CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>892356106</cusip>
        <value>1765353</value>
        <shrsOrPrnAmt>
            <sshPrnamt>35300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>35300</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>US BANCORP DEL</nameOfIssuer>
        <titleOfClass>COM NEW</titleOfClass>
        <cusip>902973304</cusip>
        <value>127590590</value>
        <shrsOrPrnAmt>
            <sshPrnamt>2391128</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>2391128</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ULTA BEAUTY INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>90384S303</cusip>
        <value>61465991</value>
        <shrsOrPrnAmt>
            <sshPrnamt>101595</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>101595</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>UNION PAC CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>907818108</cusip>
        <value>48025502</value>
        <shrsOrPrnAmt>
            <sshPrnamt>207615</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>207615</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>UNITED THERAPEUTICS CORP DEL</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>91307C102</cusip>
        <value>24117901</value>
        <shrsOrPrnAmt>
            <sshPrnamt>49498</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>49498</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>UNITEDHEALTH GROUP INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>91324P102</cusip>
        <value>64300806</value>
        <shrsOrPrnAmt>
            <sshPrnamt>194786</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>194786</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>UNUM GROUP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>91529Y106</cusip>
        <value>58860475</value>
        <shrsOrPrnAmt>
            <sshPrnamt>759490</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>759490</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VALERO ENERGY CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>91913Y100</cusip>
        <value>15089493</value>
        <shrsOrPrnAmt>
            <sshPrnamt>92693</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>92693</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VANGUARD SCOTTSDALE FDS</nameOfIssuer>
        <titleOfClass>SHRT TRM CORP BD</titleOfClass>
        <cusip>92206C409</cusip>
        <value>40879245</value>
        <shrsOrPrnAmt>
            <sshPrnamt>512721</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>512721</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VANGUARD SCOTTSDALE FDS</nameOfIssuer>
        <titleOfClass>MTG-BKD SECS ETF</titleOfClass>
        <cusip>92206C771</cusip>
        <value>22012191</value>
        <shrsOrPrnAmt>
            <sshPrnamt>467648</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>467648</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VENTAS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>92276F100</cusip>
        <value>62712234</value>
        <shrsOrPrnAmt>
            <sshPrnamt>810445</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>810445</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
        <titleOfClass>S&amp;P 500 ETF SHS</titleOfClass>
        <cusip>922908363</cusip>
        <value>25847410</value>
        <shrsOrPrnAmt>
            <sshPrnamt>41113</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>41113</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VERIZON COMMUNICATIONS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>92343V104</cusip>
        <value>5861047</value>
        <shrsOrPrnAmt>
            <sshPrnamt>143900</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>143900</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VERTEX PHARMACEUTICALS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>92532F100</cusip>
        <value>22078179</value>
        <shrsOrPrnAmt>
            <sshPrnamt>48699</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>48699</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VERTIV HOLDINGS CO</nameOfIssuer>
        <titleOfClass>COM CL A</titleOfClass>
        <cusip>92537N108</cusip>
        <value>20987585</value>
        <shrsOrPrnAmt>
            <sshPrnamt>129545</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>129545</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>VISA INC</nameOfIssuer>
        <titleOfClass>COM CL A</titleOfClass>
        <cusip>92826C839</cusip>
        <value>223221304</value>
        <shrsOrPrnAmt>
            <sshPrnamt>636484</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>636484</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>WALMART INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>931142103</cusip>
        <value>184160841</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1653001</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>1653001</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>WARNER MUSIC GROUP CORP</nameOfIssuer>
        <titleOfClass>COM CL A</titleOfClass>
        <cusip>934550203</cusip>
        <value>1708319</value>
        <shrsOrPrnAmt>
            <sshPrnamt>55700</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>55700</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>WASTE MGMT INC DEL</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>94106L109</cusip>
        <value>24753188</value>
        <shrsOrPrnAmt>
            <sshPrnamt>112663</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>112663</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>WELLS FARGO CO NEW</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>949746101</cusip>
        <value>59552750</value>
        <shrsOrPrnAmt>
            <sshPrnamt>638978</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>638978</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>WELLTOWER INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>95040Q104</cusip>
        <value>37343618</value>
        <shrsOrPrnAmt>
            <sshPrnamt>201194</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>201194</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>WILLIAMS SONOMA INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>969904101</cusip>
        <value>3303915</value>
        <shrsOrPrnAmt>
            <sshPrnamt>18500</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>18500</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>XCEL ENERGY INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>98389B100</cusip>
        <value>16167363</value>
        <shrsOrPrnAmt>
            <sshPrnamt>218892</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>218892</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>YUM CHINA HLDGS INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>98850P109</cusip>
        <value>1594516</value>
        <shrsOrPrnAmt>
            <sshPrnamt>33400</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>33400</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>DEUTSCHE BANK A G</nameOfIssuer>
        <titleOfClass>NAMEN AKT</titleOfClass>
        <cusip>D18190898</cusip>
        <value>382275</value>
        <shrsOrPrnAmt>
            <sshPrnamt>9834</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>9834</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>DEUTSCHE BANK A G</nameOfIssuer>
        <titleOfClass>NAMEN AKT</titleOfClass>
        <cusip>D18190898</cusip>
        <value>22587738</value>
        <shrsOrPrnAmt>
            <sshPrnamt>581068</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>581068</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TOTALENERGIES SE</nameOfIssuer>
        <titleOfClass>ACT</titleOfClass>
        <cusip>F92124100</cusip>
        <value>9788055</value>
        <shrsOrPrnAmt>
            <sshPrnamt>150000</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>150000</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TOTALENERGIES SE</nameOfIssuer>
        <titleOfClass>ACT</titleOfClass>
        <cusip>F92124100</cusip>
        <value>27636193</value>
        <shrsOrPrnAmt>
            <sshPrnamt>423443</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>423443</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ALLEGION PLC</nameOfIssuer>
        <titleOfClass>ORD SHS</titleOfClass>
        <cusip>G0176J109</cusip>
        <value>3436445</value>
        <shrsOrPrnAmt>
            <sshPrnamt>21583</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>21583</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>AON PLC</nameOfIssuer>
        <titleOfClass>SHS CL A</titleOfClass>
        <cusip>G0403H108</cusip>
        <value>44070830</value>
        <shrsOrPrnAmt>
            <sshPrnamt>124889</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>124889</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ACCENTURE PLC IRELAND</nameOfIssuer>
        <titleOfClass>SHS CLASS A</titleOfClass>
        <cusip>G1151C101</cusip>
        <value>88879473</value>
        <shrsOrPrnAmt>
            <sshPrnamt>331269</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>331269</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CRH PLC</nameOfIssuer>
        <titleOfClass>ORD</titleOfClass>
        <cusip>G25508105</cusip>
        <value>151583445</value>
        <shrsOrPrnAmt>
            <sshPrnamt>1213504</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>1213504</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FLUTTER ENTMT PLC</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>G3643J108</cusip>
        <value>1213156</value>
        <shrsOrPrnAmt>
            <sshPrnamt>5589</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>5589</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>LINDE PLC</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>G54950103</cusip>
        <value>39389482</value>
        <shrsOrPrnAmt>
            <sshPrnamt>92379</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>92379</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MEDTRONIC PLC</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>G5960L103</cusip>
        <value>2622438</value>
        <shrsOrPrnAmt>
            <sshPrnamt>27300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>27300</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>PENTAIR PLC</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>G7S00T104</cusip>
        <value>1812036</value>
        <shrsOrPrnAmt>
            <sshPrnamt>17400</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>17400</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>SMURFIT WESTROCK PLC</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>G8267P108</cusip>
        <value>25761424</value>
        <shrsOrPrnAmt>
            <sshPrnamt>666789</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>666789</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>TE CONNECTIVITY PLC</nameOfIssuer>
        <titleOfClass>ORD SHS</titleOfClass>
        <cusip>G87052109</cusip>
        <value>59497960</value>
        <shrsOrPrnAmt>
            <sshPrnamt>261518</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>261518</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ALCON AG</nameOfIssuer>
        <titleOfClass>ORD SHS</titleOfClass>
        <cusip>H01301128</cusip>
        <value>8051243</value>
        <shrsOrPrnAmt>
            <sshPrnamt>100895</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>100895</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>CHUBB LIMITED</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>H1467J104</cusip>
        <value>43894684</value>
        <shrsOrPrnAmt>
            <sshPrnamt>140634</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>140634</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>GARMIN LTD</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>H2906T109</cusip>
        <value>2109640</value>
        <shrsOrPrnAmt>
            <sshPrnamt>10400</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>10400</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>AMRIZE LTD</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>H2927K103</cusip>
        <value>432733</value>
        <shrsOrPrnAmt>
            <sshPrnamt>7876</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>7876</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>UBS GROUP AG</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>H42097107</cusip>
        <value>39629974</value>
        <shrsOrPrnAmt>
            <sshPrnamt>850286</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>850286</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>LOGITECH INTL S A</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>H50430232</cusip>
        <value>423432</value>
        <shrsOrPrnAmt>
            <sshPrnamt>4118</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>4118</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ON HLDG AG</nameOfIssuer>
        <titleOfClass>NAMEN AKT A</titleOfClass>
        <cusip>H5919C104</cusip>
        <value>24979839</value>
        <shrsOrPrnAmt>
            <sshPrnamt>537432</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>537432</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>AERCAP HOLDINGS NV</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>N00985106</cusip>
        <value>35071258</value>
        <shrsOrPrnAmt>
            <sshPrnamt>243957</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>243957</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FERRARI N V</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>N3167Y103</cusip>
        <value>2730582</value>
        <shrsOrPrnAmt>
            <sshPrnamt>7300</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>7300</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FERRARI N V</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>N3167Y103</cusip>
        <value>14549964</value>
        <shrsOrPrnAmt>
            <sshPrnamt>38886</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>38886</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>FERROVIAL SE</nameOfIssuer>
        <titleOfClass>ORD SHS</titleOfClass>
        <cusip>N3168P101</cusip>
        <value>25523572</value>
        <shrsOrPrnAmt>
            <sshPrnamt>392840</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>392840</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>MAGNUM ICE CREAM CO NV</nameOfIssuer>
        <titleOfClass>ORD SHS</titleOfClass>
        <cusip>N5505D105</cusip>
        <value>2423936</value>
        <shrsOrPrnAmt>
            <sshPrnamt>152972</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>152972</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NXP SEMICONDUCTORS N V</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>N6596X109</cusip>
        <value>2398513</value>
        <shrsOrPrnAmt>
            <sshPrnamt>11050</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>11050</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>STELLANTIS N.V</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>N82405106</cusip>
        <value>23157484</value>
        <shrsOrPrnAmt>
            <sshPrnamt>2084816</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>2084816</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>NEBIUS GROUP N.V.</nameOfIssuer>
        <titleOfClass>SHS CLASS A</titleOfClass>
        <cusip>N97284108</cusip>
        <value>14806745</value>
        <shrsOrPrnAmt>
            <sshPrnamt>176892</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>176892</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
    <infoTable>
        <nameOfIssuer>ROYAL CARIBBEAN GROUP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>V7780T103</cusip>
        <value>11496246</value>
        <shrsOrPrnAmt>
            <sshPrnamt>41217</sshPrnamt>
            <sshPrnamtType>SH</sshPrnamtType>
        </shrsOrPrnAmt>
        <investmentDiscretion>DFND</investmentDiscretion>
        <otherManager>1</otherManager>
        <votingAuthority>
            <Sole>0</Sole>
            <Shared>41217</Shared>
            <None>0</None>
        </votingAuthority>
    </infoTable>
</informationTable>
