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	<infoTable>
		<nameOfIssuer>3M CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>88579Y101</cusip>
		<value>214215</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1475</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1475</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ABBVIE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00287Y109</cusip>
		<value>1701207</value>
		<shrsOrPrnAmt>
			<sshPrnamt>7822</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>7822</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ACCENTURE PLC IRELAND</nameOfIssuer>
		<titleOfClass>SHS CLASS A</titleOfClass>
		<cusip>G1151C101</cusip>
		<value>238147</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1201</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1201</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ADOBE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00724F101</cusip>
		<value>251102</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1033</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1033</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>AERCAP HOLDINGS NV</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>N00985106</cusip>
		<value>4437636</value>
		<shrsOrPrnAmt>
			<sshPrnamt>32349</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>32349</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AFFIRM HLDGS INC</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>00827B106</cusip>
		<value>2025749</value>
		<shrsOrPrnAmt>
			<sshPrnamt>44211</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>44211</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALCOA CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>013872106</cusip>
		<value>4443514</value>
		<shrsOrPrnAmt>
			<sshPrnamt>66991</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>66991</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALLSTATE CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>020002101</cusip>
		<value>2076754</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10013</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>10013</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALPHABET INC</nameOfIssuer>
		<titleOfClass>CAP STK CL A</titleOfClass>
		<cusip>02079K305</cusip>
		<value>4590608</value>
		<shrsOrPrnAmt>
			<sshPrnamt>15964</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>15964</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALPHABET INC</nameOfIssuer>
		<titleOfClass>CAP STK CL C</titleOfClass>
		<cusip>02079K107</cusip>
		<value>957826</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3339</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3339</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALPINE INCOME PPTY TR INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>02083X103</cusip>
		<value>1147068</value>
		<shrsOrPrnAmt>
			<sshPrnamt>63726</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>63726</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALPS ETF TR</nameOfIssuer>
		<titleOfClass>ALERIAN MLP</titleOfClass>
		<cusip>00162Q452</cusip>
		<value>1457655</value>
		<shrsOrPrnAmt>
			<sshPrnamt>27691</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>27691</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALTRIA GROUP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>02209S103</cusip>
		<value>504275</value>
		<shrsOrPrnAmt>
			<sshPrnamt>7641</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>7641</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AMAZON COM INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>023135106</cusip>
		<value>1943993</value>
		<shrsOrPrnAmt>
			<sshPrnamt>9334</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>9334</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AMER SPORTS INC</nameOfIssuer>
		<titleOfClass>COM SHS</titleOfClass>
		<cusip>G0260P102</cusip>
		<value>3516778</value>
		<shrsOrPrnAmt>
			<sshPrnamt>106828</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>106828</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AMGEN INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>031162100</cusip>
		<value>706515</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2008</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2008</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AMPHENOL CORP</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>032095101</cusip>
		<value>4279935</value>
		<shrsOrPrnAmt>
			<sshPrnamt>33869</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>33869</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ANI PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00182C103</cusip>
		<value>1082599</value>
		<shrsOrPrnAmt>
			<sshPrnamt>14078</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>14078</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ANNALY CAPITAL MANAGEMENT IN</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>035710839</cusip>
		<value>3498609</value>
		<shrsOrPrnAmt>
			<sshPrnamt>165043</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>165043</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>APPLIED MATLS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>038222105</cusip>
		<value>1843958</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5395</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5395</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ARCHROCK INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>03957W106</cusip>
		<value>1482341</value>
		<shrsOrPrnAmt>
			<sshPrnamt>42596</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>42596</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ARISTA NETWORKS INC</nameOfIssuer>
		<titleOfClass>COM SHS</titleOfClass>
		<cusip>040413205</cusip>
		<value>338259</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2755</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2755</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ASML HLDG NV</nameOfIssuer>
		<titleOfClass>N Y REGISTRY SHS</titleOfClass>
		<cusip>N07059210</cusip>
		<value>528332</value>
		<shrsOrPrnAmt>
			<sshPrnamt>400</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>400</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ATLANTA BRAVES HLDGS INC</nameOfIssuer>
		<titleOfClass>COM SER C</titleOfClass>
		<cusip>047726302</cusip>
		<value>746952</value>
		<shrsOrPrnAmt>
			<sshPrnamt>17493</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>17493</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ATMOS ENERGY CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>049560105</cusip>
		<value>4182800</value>
		<shrsOrPrnAmt>
			<sshPrnamt>22644</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>22644</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AXOS FINANCIAL INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>05465C100</cusip>
		<value>1459209</value>
		<shrsOrPrnAmt>
			<sshPrnamt>17149</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>17149</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AZZ INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>002474104</cusip>
		<value>1266942</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10125</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>10125</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BLACK ROCK COFFEE BAR INC</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>092244102</cusip>
		<value>939207</value>
		<shrsOrPrnAmt>
			<sshPrnamt>72694</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>72694</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BLACKROCK MUNIHOLDINGS FD IN</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>09253N104</cusip>
		<value>3651454</value>
		<shrsOrPrnAmt>
			<sshPrnamt>323583</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>323583</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BLACKROCK MUNIYILD QULT FD I</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>09254F100</cusip>
		<value>1113557</value>
		<shrsOrPrnAmt>
			<sshPrnamt>101378</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>101378</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BLOOM ENERGY CORP</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>093712107</cusip>
		<value>541960</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BREAD FINANCIAL HOLDINGS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>018581108</cusip>
		<value>1251937</value>
		<shrsOrPrnAmt>
			<sshPrnamt>16717</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>16717</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BRINKER INTL INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>109641100</cusip>
		<value>1081626</value>
		<shrsOrPrnAmt>
			<sshPrnamt>7576</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>7576</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BRISTOL-MYERS SQUIBB CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>110122108</cusip>
		<value>2507817</value>
		<shrsOrPrnAmt>
			<sshPrnamt>41349</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>41349</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BROADCOM INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>11135F101</cusip>
		<value>446623</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1443</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1443</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CARDINAL HEALTH INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>14149Y108</cusip>
		<value>629282</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2978</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2978</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CARPENTER TECHNOLOGY CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>144285103</cusip>
		<value>1240785</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3148</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3148</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CATALYST PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>14888U101</cusip>
		<value>1290863</value>
		<shrsOrPrnAmt>
			<sshPrnamt>52135</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>52135</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>CATERPILLAR INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>149123101</cusip>
		<value>389653</value>
		<shrsOrPrnAmt>
			<sshPrnamt>550</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>550</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>CBOE GLOBAL MKTS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>12503M108</cusip>
		<value>3667683</value>
		<shrsOrPrnAmt>
			<sshPrnamt>13049</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>13049</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>CELSIUS HLDGS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>15118V207</cusip>
		<value>3233825</value>
		<shrsOrPrnAmt>
			<sshPrnamt>91145</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>91145</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>CF INDUSTRIES HOLD</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>125269100</cusip>
		<value>543251</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4184</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4184</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>CIMPRESS PLC</nameOfIssuer>
		<titleOfClass>SHS EURO</titleOfClass>
		<cusip>G2143T103</cusip>
		<value>1201799</value>
		<shrsOrPrnAmt>
			<sshPrnamt>16463</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>16463</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>CISCO SYS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>17275R102</cusip>
		<value>417512</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5381</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5381</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>CME GROUP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>12572Q105</cusip>
		<value>483784</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1638</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1638</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>CNX RES CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>12653C108</cusip>
		<value>1542193</value>
		<shrsOrPrnAmt>
			<sshPrnamt>40005</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>40005</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>COHERENT CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>19247G107</cusip>
		<value>4098642</value>
		<shrsOrPrnAmt>
			<sshPrnamt>17206</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>17206</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>COMCAST CORP NEW</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>20030N101</cusip>
		<value>350033</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12192</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>12192</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>COMFORT SYS USA INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>199908104</cusip>
		<value>2342905</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1699</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1699</Sole>
			<Shared>0</Shared>
			<None>0</None>
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	<infoTable>
		<nameOfIssuer>CONOCOPHILLIPS</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>20825C104</cusip>
		<value>479688</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3634</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3634</Sole>
			<Shared>0</Shared>
			<None>0</None>
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	<infoTable>
		<nameOfIssuer>CONSOLIDATED EDISON INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>209115104</cusip>
		<value>4754919</value>
		<shrsOrPrnAmt>
			<sshPrnamt>42012</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>42012</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>CORNING INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>219350105</cusip>
		<value>573250</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4216</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4216</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>CROWDSTRIKE HLDGS INC</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>22788C105</cusip>
		<value>1416018</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3627</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3627</Sole>
			<Shared>0</Shared>
			<None>0</None>
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	<infoTable>
		<nameOfIssuer>CURBLINE PPTYS CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>23128Q101</cusip>
		<value>1160009</value>
		<shrsOrPrnAmt>
			<sshPrnamt>44979</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>44979</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>CUSTOMERS BANCORP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>23204G100</cusip>
		<value>1169420</value>
		<shrsOrPrnAmt>
			<sshPrnamt>16848</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>16848</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>DATADOG INC</nameOfIssuer>
		<titleOfClass>CL A COM</titleOfClass>
		<cusip>23804L103</cusip>
		<value>590250</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>DELL TECHNOLOGIES INC</nameOfIssuer>
		<titleOfClass>CL C</titleOfClass>
		<cusip>24703L202</cusip>
		<value>582334</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3548</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3548</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>DILLARDS INC</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>254067101</cusip>
		<value>1275289</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2229</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2229</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>DIREXION SHARES ETF TRUST</nameOfIssuer>
		<titleOfClass>DAILY AAPL BR 1X</titleOfClass>
		<cusip>25461A304</cusip>
		<value>993980</value>
		<shrsOrPrnAmt>
			<sshPrnamt>71202</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>71202</Sole>
			<Shared>0</Shared>
			<None>0</None>
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	<infoTable>
		<nameOfIssuer>DIREXION SHARES ETF TRUST</nameOfIssuer>
		<titleOfClass>DAILY MAGNIFICEN</titleOfClass>
		<cusip>25461A668</cusip>
		<value>1022809</value>
		<shrsOrPrnAmt>
			<sshPrnamt>69390</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>69390</Sole>
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			<None>0</None>
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		<nameOfIssuer>DIREXION SHARES ETF TRUST</nameOfIssuer>
		<titleOfClass>DAILY ORCL BEAR</titleOfClass>
		<cusip>25461H788</cusip>
		<value>1049832</value>
		<shrsOrPrnAmt>
			<sshPrnamt>30747</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>30747</Sole>
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			<None>0</None>
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		<nameOfIssuer>DIREXION SHARES ETF TRUST</nameOfIssuer>
		<titleOfClass>DLY META BEAR 1X</titleOfClass>
		<cusip>25461A106</cusip>
		<value>824636</value>
		<shrsOrPrnAmt>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>46537</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>DIREXION SHARES ETF TRUST</nameOfIssuer>
		<titleOfClass>DLY MSFT BEAR 1X</titleOfClass>
		<cusip>25461A403</cusip>
		<value>1038433</value>
		<shrsOrPrnAmt>
			<sshPrnamt>70450</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>70450</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>DIREXION SHARES ETF TRUST</nameOfIssuer>
		<titleOfClass>DLY NVDA BEAR 1X</titleOfClass>
		<cusip>25461A197</cusip>
		<value>418175</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10392</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>10392</Sole>
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			<None>0</None>
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		<nameOfIssuer>DIREXION SHARES ETF TRUST</nameOfIssuer>
		<titleOfClass>DLY TSLA BEAR 1X</titleOfClass>
		<cusip>25461H564</cusip>
		<value>422995</value>
		<shrsOrPrnAmt>
			<sshPrnamt>7016</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
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		<nameOfIssuer>EATON CORP PLC</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G29183103</cusip>
		<value>658471</value>
		<shrsOrPrnAmt>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1841</Sole>
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			<None>0</None>
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		<nameOfIssuer>EATON VANCE NATL MUN OPPORT</nameOfIssuer>
		<titleOfClass>COM SHS</titleOfClass>
		<cusip>27829L105</cusip>
		<value>1187118</value>
		<shrsOrPrnAmt>
			<sshPrnamt>69341</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>69341</Sole>
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			<None>0</None>
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		<nameOfIssuer>ELEVANCE HEALTH INC FORMERLY</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>036752103</cusip>
		<value>1171000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4000</Sole>
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			<None>0</None>
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		<nameOfIssuer>ENCORE CAP GROUP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>292554102</cusip>
		<value>1605748</value>
		<shrsOrPrnAmt>
			<sshPrnamt>22900</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>22900</Sole>
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			<None>0</None>
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		<nameOfIssuer>EVERQUOTE INC</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>30041R108</cusip>
		<value>1162268</value>
		<shrsOrPrnAmt>
			<sshPrnamt>75374</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>75374</Sole>
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			<None>0</None>
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		<nameOfIssuer>EVERTEC INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>30040P103</cusip>
		<value>1126091</value>
		<shrsOrPrnAmt>
			<sshPrnamt>39904</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>39904</Sole>
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			<None>0</None>
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		<nameOfIssuer>EXELON CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>30161N101</cusip>
		<value>541917</value>
		<shrsOrPrnAmt>
			<sshPrnamt>11055</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>11055</Sole>
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			<None>0</None>
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		<nameOfIssuer>EXPEDIA GROUP INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>30212P303</cusip>
		<value>4174723</value>
		<shrsOrPrnAmt>
			<sshPrnamt>18081</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>18081</Sole>
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		<nameOfIssuer>EXXON MOBIL CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>30231G102</cusip>
		<value>407693</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2403</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2403</Sole>
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			<None>0</None>
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		<nameOfIssuer>FAIR ISAAC CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>303250104</cusip>
		<value>223116</value>
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			<sshPrnamt>209</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>209</Sole>
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			<None>0</None>
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		<nameOfIssuer>FIGS INC</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>30260D103</cusip>
		<value>1150569</value>
		<shrsOrPrnAmt>
			<sshPrnamt>77899</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>77899</Sole>
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			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>FIRST HORIZON CORPORATION</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>320517105</cusip>
		<value>4141019</value>
		<shrsOrPrnAmt>
			<sshPrnamt>181858</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>181858</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>FIRST TR EXCHANGE TRADED FD</nameOfIssuer>
		<titleOfClass>NASDQ FOD BVRG</titleOfClass>
		<cusip>33738R852</cusip>
		<value>708331</value>
		<shrsOrPrnAmt>
			<sshPrnamt>31998</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>31998</Sole>
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			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>FLOWSERVE CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>34354P105</cusip>
		<value>493187</value>
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			<sshPrnamt>6709</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6709</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>FRANKLIN RESOURCES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>354613101</cusip>
		<value>483113</value>
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			<sshPrnamt>20452</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>20452</Sole>
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			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>GARMIN LTD</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>H2906T109</cusip>
		<value>506246</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2182</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2182</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>GILEAD SCIENCES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>375558103</cusip>
		<value>4300959</value>
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			<sshPrnamt>30860</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>30860</Sole>
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			<None>0</None>
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		<nameOfIssuer>HASBRO INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>418056107</cusip>
		<value>4633200</value>
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			<sshPrnamt>49500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>49500</Sole>
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			<None>0</None>
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		<nameOfIssuer>HCI GROUP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>40416E103</cusip>
		<value>1168543</value>
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			<sshPrnamt>7558</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>7558</Sole>
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			<None>0</None>
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		<nameOfIssuer>HERSHEY CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>427866108</cusip>
		<value>547167</value>
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			<sshPrnamt>2632</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2632</Sole>
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			<None>0</None>
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		<nameOfIssuer>HONEYWELL INTL INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>438516106</cusip>
		<value>322319</value>
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			<sshPrnamt>1426</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1426</Sole>
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			<None>0</None>
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		<nameOfIssuer>HURON CONSULTING GROUP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>447462102</cusip>
		<value>857243</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6724</Sole>
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			<None>0</None>
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		<nameOfIssuer>ICHOR HOLDINGS</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G4740B105</cusip>
		<value>1276928</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
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			<Sole>27396</Sole>
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		<nameOfIssuer>INSULET CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>45784P101</cusip>
		<value>232084</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
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			<None>0</None>
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		<nameOfIssuer>INVESCO DB MULTI-SECTOR COMM</nameOfIssuer>
		<titleOfClass>AGRICULTURE FD</titleOfClass>
		<cusip>46140H106</cusip>
		<value>843560</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
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			<None>0</None>
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		<nameOfIssuer>INVESCO DB US DLR INDEX TR</nameOfIssuer>
		<titleOfClass>BULLISH FD</titleOfClass>
		<cusip>46141D203</cusip>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>INVESCO EXCHANGE TRADED FD T</nameOfIssuer>
		<titleOfClass>S&amp;P500 EQL WGT</titleOfClass>
		<cusip>46137V357</cusip>
		<value>4647151</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
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			<Sole>24214</Sole>
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			<None>0</None>
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		<nameOfIssuer>INVESCO MUN OPPORTUNIT TR</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>46132C107</cusip>
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		<nameOfIssuer>ISHARES BITCOIN TRUST ETF</nameOfIssuer>
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		<cusip>46438F101</cusip>
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		<nameOfIssuer>ISHARES ETHEREUM TR</nameOfIssuer>
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		<cusip>46438R105</cusip>
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		<nameOfIssuer>ISHARES INC</nameOfIssuer>
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		<nameOfIssuer>ISHARES INC</nameOfIssuer>
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		<nameOfIssuer>ISHARES INC</nameOfIssuer>
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		<nameOfIssuer>ISHARES TR</nameOfIssuer>
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		<nameOfIssuer>ISHARES TR</nameOfIssuer>
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		<nameOfIssuer>ISHARES TR</nameOfIssuer>
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		<cusip>464288885</cusip>
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		<nameOfIssuer>ISHARES TR</nameOfIssuer>
		<titleOfClass>EAFE VALUE ETF</titleOfClass>
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		<nameOfIssuer>ISHARES TR</nameOfIssuer>
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		<cusip>464288414</cusip>
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		<nameOfIssuer>ISHARES TR</nameOfIssuer>
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		<cusip>464287655</cusip>
		<value>1822552</value>
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		<nameOfIssuer>ISHARES TR</nameOfIssuer>
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		<cusip>464287713</cusip>
		<value>286250</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>ITRON INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>465741106</cusip>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>JPMORGAN CHASE &amp; CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>46625H100</cusip>
		<value>5876141</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
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			<Sole>19976</Sole>
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		<nameOfIssuer>KADANT INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>48282T104</cusip>
		<value>1081403</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
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		<nameOfIssuer>KENNAMETAL INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>489170100</cusip>
		<value>1103158</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>KIMBERLY-CLARK CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>494368103</cusip>
		<value>224969</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>LAM RESEARCH CORP</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>512807306</cusip>
		<value>4397485</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>20580</Sole>
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		<nameOfIssuer>LEMAITRE VASCULAR INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>525558201</cusip>
		<value>1549559</value>
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		<nameOfIssuer>LENDINGCLUB ISSUANCE TR SER</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>52603A208</cusip>
		<value>1081032</value>
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			<sshPrnamt>75491</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
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			<Sole>75491</Sole>
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		<nameOfIssuer>LINCOLN ELEC HLDGS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>533900106</cusip>
		<value>502653</value>
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			<sshPrnamt>2018</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
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			<Sole>2018</Sole>
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		<nameOfIssuer>LOCKHEED MARTIN CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>539830109</cusip>
		<value>223020</value>
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			<sshPrnamt>369</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>369</Sole>
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			<None>0</None>
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		<nameOfIssuer>MANHATTAN ASSOCIATES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>562750109</cusip>
		<value>311235</value>
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			<sshPrnamt>2338</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2338</Sole>
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		<nameOfIssuer>MARATHON PETE CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>56585A102</cusip>
		<value>5833461</value>
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			<sshPrnamt>23890</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>23890</Sole>
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			<None>0</None>
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		<nameOfIssuer>MARRIOTT INTL INC NEW</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>571903202</cusip>
		<value>303521</value>
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			<sshPrnamt>928</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>928</Sole>
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		<nameOfIssuer>MERCANTILE BK CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>587376104</cusip>
		<value>1152915</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>22830</Sole>
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			<None>0</None>
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		<nameOfIssuer>MERCHANTS BANCORP IND</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>58844R108</cusip>
		<value>1267298</value>
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			<sshPrnamt>29530</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>29530</Sole>
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			<None>0</None>
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		<nameOfIssuer>MERCK &amp; CO INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>58933Y105</cusip>
		<value>1002136</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
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		<nameOfIssuer>META PLATFORMS INC</nameOfIssuer>
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		<cusip>30303M102</cusip>
		<value>1675769</value>
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			<sshPrnamt>2929</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>MICROSOFT CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>594918104</cusip>
		<value>1243402</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
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		<nameOfIssuer>MONARCH CASINO &amp; RESORT INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>609027107</cusip>
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		<nameOfIssuer>MONSTER BEVERAGE CORP NEW</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>61174X109</cusip>
		<value>3842772</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>MORGAN STANLEY</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>617446448</cusip>
		<value>2873064</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>MUELLER WTR PRODS INC</nameOfIssuer>
		<titleOfClass>COM SER A</titleOfClass>
		<cusip>624758108</cusip>
		<value>1124616</value>
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			<sshPrnamt>40910</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>40910</Sole>
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		<nameOfIssuer>MYR GROUP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>55405W104</cusip>
		<value>1338480</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4741</Sole>
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		<nameOfIssuer>NATIONAL VISION HLDGS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>63845R107</cusip>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>44887</Sole>
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		<nameOfIssuer>NETFLIX INC.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>64110L106</cusip>
		<value>1576860</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>16400</Sole>
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		<nameOfIssuer>NEWMONT CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>651639106</cusip>
		<value>4754340</value>
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		<votingAuthority>
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		<nameOfIssuer>NORTHROP GRUMMAN CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>666807102</cusip>
		<value>579904</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>NUVEEN AMT FREE QLTY MUN INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>670657105</cusip>
		<value>2013873</value>
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		<nameOfIssuer>NUVEEN MUN CR INCOME FD</nameOfIssuer>
		<titleOfClass>COM SH BEN INT</titleOfClass>
		<cusip>67070X101</cusip>
		<value>1996278</value>
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		<nameOfIssuer>NUVEEN MUN CR OPPORTUNITIES</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>670663103</cusip>
		<value>1056700</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
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		<nameOfIssuer>NUVEEN MUN HIGH INCOME OPPOR</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>670682103</cusip>
		<value>1057422</value>
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		<nameOfIssuer>NUVEEN QUALITY MUNCP INCOME</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>67066V101</cusip>
		<value>1998135</value>
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		<votingAuthority>
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		<nameOfIssuer>NVIDIA CORPORATION</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>67066G104</cusip>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>NWPX INFRASTRUCTURE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
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		<nameOfIssuer>NXP SEMICONDUCTORS N V</nameOfIssuer>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>OKLO INC</nameOfIssuer>
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		<cusip>02156V109</cusip>
		<value>247950</value>
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		<nameOfIssuer>OMNICOM GROUP INC</nameOfIssuer>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>OSI SYSTEMS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>671044105</cusip>
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		<nameOfIssuer>PALANTIR TECHNOLOGIES INC</nameOfIssuer>
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		<cusip>69608A108</cusip>
		<value>732132</value>
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		<nameOfIssuer>PALO ALTO NETWORKS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>697435105</cusip>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>PALOMAR HLDGS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>69753M105</cusip>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>PAR PAC HOLDINGS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>69888T207</cusip>
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		<nameOfIssuer>PAYMENTUS HOLDINGS INC</nameOfIssuer>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>PEDIATRIX MEDICAL GROUP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>58502B106</cusip>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>53529</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PEPSICO INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>713448108</cusip>
		<value>974911</value>
		<shrsOrPrnAmt>
			<sshPrnamt>6278</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6278</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PHIBRO ANIMAL HEALTH CORP</nameOfIssuer>
		<titleOfClass>CL A COM</titleOfClass>
		<cusip>71742Q106</cusip>
		<value>1677663</value>
		<shrsOrPrnAmt>
			<sshPrnamt>30332</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>30332</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PHILIP MORRIS INTL INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>718172109</cusip>
		<value>662990</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4008</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4008</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PHILLIPS 66</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>718546104</cusip>
		<value>467839</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2568</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2568</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PIMCO MUN INCOME FD II</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>72200W106</cusip>
		<value>1768286</value>
		<shrsOrPrnAmt>
			<sshPrnamt>233500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>233500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PROGRESSIVE CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>743315103</cusip>
		<value>588179</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2967</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2967</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PROSHARES TR</nameOfIssuer>
		<titleOfClass>SHORT FINANCIALS</titleOfClass>
		<cusip>74349Y761</cusip>
		<value>680120</value>
		<shrsOrPrnAmt>
			<sshPrnamt>19980</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>19980</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>QUINSTREET INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>74874Q100</cusip>
		<value>1316873</value>
		<shrsOrPrnAmt>
			<sshPrnamt>109648</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>109648</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>RALPH LAUREN CORP</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>751212101</cusip>
		<value>518745</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1508</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1508</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>RBC BEARINGS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>75524B104</cusip>
		<value>4864726</value>
		<shrsOrPrnAmt>
			<sshPrnamt>8957</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>8957</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>RESMED INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>761152107</cusip>
		<value>3078519</value>
		<shrsOrPrnAmt>
			<sshPrnamt>13714</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>13714</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>RESTAURANT BRANDS INTL INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>76131D103</cusip>
		<value>678723</value>
		<shrsOrPrnAmt>
			<sshPrnamt>9184</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>9184</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>REVOLVE GROUP INC</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>76156B107</cusip>
		<value>1009627</value>
		<shrsOrPrnAmt>
			<sshPrnamt>44654</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>44654</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SALESFORCE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>79466L302</cusip>
		<value>294006</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1575</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1575</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SCHWAB STRATEGIC TR</nameOfIssuer>
		<titleOfClass>EMRG MKTEQ ETF</titleOfClass>
		<cusip>808524706</cusip>
		<value>5503573</value>
		<shrsOrPrnAmt>
			<sshPrnamt>167028</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>167028</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SCHWAB STRATEGIC TR</nameOfIssuer>
		<titleOfClass>US AGGREGATE B</titleOfClass>
		<cusip>808524839</cusip>
		<value>4993075</value>
		<shrsOrPrnAmt>
			<sshPrnamt>215033</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>215033</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SCHWAB STRATEGIC TR</nameOfIssuer>
		<titleOfClass>US REIT ETF</titleOfClass>
		<cusip>808524847</cusip>
		<value>849825</value>
		<shrsOrPrnAmt>
			<sshPrnamt>39545</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>39545</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
		<titleOfClass>STATE STREET UTI</titleOfClass>
		<cusip>81369Y886</cusip>
		<value>698813</value>
		<shrsOrPrnAmt>
			<sshPrnamt>15228</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>15228</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SIRIUSXM HOLDINGS INC</nameOfIssuer>
		<titleOfClass>COMMON STOCK</titleOfClass>
		<cusip>829933100</cusip>
		<value>2456797</value>
		<shrsOrPrnAmt>
			<sshPrnamt>106447</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>106447</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SKYWARD SPECIALTY INS GROUP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>830940102</cusip>
		<value>914310</value>
		<shrsOrPrnAmt>
			<sshPrnamt>20932</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>20932</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SKYWEST INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>830879102</cusip>
		<value>989469</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10775</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>10775</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SKYWORKS SOLUTIONS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>83088M102</cusip>
		<value>378813</value>
		<shrsOrPrnAmt>
			<sshPrnamt>7074</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>7074</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SNOWFLAKE INC</nameOfIssuer>
		<titleOfClass>COM SHS</titleOfClass>
		<cusip>833445109</cusip>
		<value>565877</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3752</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3752</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer>
		<titleOfClass>STATE STREET SPD</titleOfClass>
		<cusip>78464A540</cusip>
		<value>289613</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1540</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1540</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer>
		<titleOfClass>STATE STREET SPD</titleOfClass>
		<cusip>78468R556</cusip>
		<value>440756</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2424</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2424</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer>
		<titleOfClass>STATE STREET SPD</titleOfClass>
		<cusip>78468R739</cusip>
		<value>779390</value>
		<shrsOrPrnAmt>
			<sshPrnamt>16295</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>16295</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SPROTT ASSET MANAGEMENT LP</nameOfIssuer>
		<titleOfClass>PHYSICAL GOLD TR</titleOfClass>
		<cusip>85207H104</cusip>
		<value>2641060</value>
		<shrsOrPrnAmt>
			<sshPrnamt>74522</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>74522</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SPROTT ASSET MANAGEMENT LP</nameOfIssuer>
		<titleOfClass>PHYSICAL PLATINU</titleOfClass>
		<cusip>85207Q104</cusip>
		<value>1015662</value>
		<shrsOrPrnAmt>
			<sshPrnamt>65400</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>65400</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SPROTT ASSET MANAGEMENT LP</nameOfIssuer>
		<titleOfClass>PHYSICAL SILVER</titleOfClass>
		<cusip>85207K107</cusip>
		<value>1133331</value>
		<shrsOrPrnAmt>
			<sshPrnamt>46467</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>46467</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SSGA ACTIVE ETF TR</nameOfIssuer>
		<titleOfClass>STATE STREET DOU</titleOfClass>
		<cusip>78467V848</cusip>
		<value>3596360</value>
		<shrsOrPrnAmt>
			<sshPrnamt>90520</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>90520</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>STANDARD MTR PRODS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>853666105</cusip>
		<value>1306537</value>
		<shrsOrPrnAmt>
			<sshPrnamt>37609</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>37609</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SYNOPSYS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>871607107</cusip>
		<value>647849</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1634</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1634</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TACTILE SYS TECHNOLOGY INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>87357P100</cusip>
		<value>1153170</value>
		<shrsOrPrnAmt>
			<sshPrnamt>44132</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>44132</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TAPESTRY INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>876030107</cusip>
		<value>2263405</value>
		<shrsOrPrnAmt>
			<sshPrnamt>16040</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>16040</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TARGET CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>87612E106</cusip>
		<value>660540</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5450</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5450</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TECHNIPFMC PLC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>G87110105</cusip>
		<value>5564881</value>
		<shrsOrPrnAmt>
			<sshPrnamt>80495</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>80495</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TENET HEALTHCARE CORP</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>88033G407</cusip>
		<value>3941964</value>
		<shrsOrPrnAmt>
			<sshPrnamt>20889</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>TEUCRIUM COMMODITY TR</nameOfIssuer>
		<titleOfClass>CORN FD SHS</titleOfClass>
		<cusip>88166A102</cusip>
		<value>494537</value>
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			<sshPrnamt>26877</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>TEUCRIUM COMMODITY TR</nameOfIssuer>
		<titleOfClass>WHEAT FD</titleOfClass>
		<cusip>88166A870</cusip>
		<value>516749</value>
		<shrsOrPrnAmt>
			<sshPrnamt>21924</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>21924</Sole>
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		<nameOfIssuer>TEXAS INSTRS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>882508104</cusip>
		<value>300335</value>
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			<sshPrnamt>1547</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1547</Sole>
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		<nameOfIssuer>TRANE TECHNOLOGIES PLC</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G8994E103</cusip>
		<value>4628732</value>
		<shrsOrPrnAmt>
			<sshPrnamt>11107</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
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			<Sole>11107</Sole>
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		<nameOfIssuer>TRAVELERS COMPANIES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>89417E109</cusip>
		<value>4134856</value>
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			<sshPrnamt>14176</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
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			<Sole>14176</Sole>
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		<nameOfIssuer>TRUSTMARK CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>898402102</cusip>
		<value>1492389</value>
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			<sshPrnamt>35415</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>35415</Sole>
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		<nameOfIssuer>TTM TECHNOLOGIES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>87305R109</cusip>
		<value>1301434</value>
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			<sshPrnamt>13359</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>13359</Sole>
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		<nameOfIssuer>UBER TECHNOLOGIES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>90353T100</cusip>
		<value>345840</value>
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			<sshPrnamt>4808</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4808</Sole>
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			<None>0</None>
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		<nameOfIssuer>UIPATH INC</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>90364P105</cusip>
		<value>1093017</value>
		<shrsOrPrnAmt>
			<sshPrnamt>98470</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>98470</Sole>
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		<nameOfIssuer>ULTA BEAUTY INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>90384S303</cusip>
		<value>419214</value>
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			<sshPrnamt>802</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>802</Sole>
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			<None>0</None>
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		<nameOfIssuer>VANECK ETF TRUST</nameOfIssuer>
		<titleOfClass>GOLD MINERS ETF</titleOfClass>
		<cusip>92189F106</cusip>
		<value>1893858</value>
		<shrsOrPrnAmt>
			<sshPrnamt>20637</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>20637</Sole>
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			<None>0</None>
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		<nameOfIssuer>VANGUARD INDEX FDS</nameOfIssuer>
		<titleOfClass>S&amp;P 500 ETF SHS</titleOfClass>
		<cusip>922908363</cusip>
		<value>2661758</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4454</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4454</Sole>
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		<nameOfIssuer>VANGUARD INTL EQUITY INDEX F</nameOfIssuer>
		<titleOfClass>TT WRLD ST ETF</titleOfClass>
		<cusip>922042742</cusip>
		<value>871002</value>
		<shrsOrPrnAmt>
			<sshPrnamt>6297</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
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		<nameOfIssuer>VANGUARD SCOTTSDALE FDS</nameOfIssuer>
		<titleOfClass>VNG RUS2000IDX</titleOfClass>
		<cusip>92206C664</cusip>
		<value>1936849</value>
		<shrsOrPrnAmt>
			<sshPrnamt>19336</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>19336</Sole>
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		<nameOfIssuer>VERACYTE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>92337F107</cusip>
		<value>853082</value>
		<shrsOrPrnAmt>
			<sshPrnamt>26485</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>26485</Sole>
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		<nameOfIssuer>VERTEX PHARMACEUTICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>92532F100</cusip>
		<value>569786</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1276</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1276</Sole>
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		<nameOfIssuer>VERTIV HOLDINGS CO</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>92537N108</cusip>
		<value>4490895</value>
		<shrsOrPrnAmt>
			<sshPrnamt>17922</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>17922</Sole>
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		<nameOfIssuer>WARNER BROS DISCOVERY INC</nameOfIssuer>
		<titleOfClass>COM SER A</titleOfClass>
		<cusip>934423104</cusip>
		<value>637457</value>
		<shrsOrPrnAmt>
			<sshPrnamt>23214</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>23214</Sole>
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		<nameOfIssuer>WELLTOWER INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>95040Q104</cusip>
		<value>544494</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2754</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2754</Sole>
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		<nameOfIssuer>WESTERN ASSET INFLT LNK INC</nameOfIssuer>
		<titleOfClass>COM SH BEN INT</titleOfClass>
		<cusip>95766Q106</cusip>
		<value>2932960</value>
		<shrsOrPrnAmt>
			<sshPrnamt>362990</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>362990</Sole>
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		<nameOfIssuer>WESTERN AST INFL LKD OPP &amp; I</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>95766R104</cusip>
		<value>1005167</value>
		<shrsOrPrnAmt>
			<sshPrnamt>118814</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
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		<nameOfIssuer>WESTERN DIGITAL CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>958102105</cusip>
		<value>3881262</value>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
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		<nameOfIssuer>WILLIS TOWERS WATSON PLC LTD</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G96629103</cusip>
		<value>267444</value>
		<shrsOrPrnAmt>
			<sshPrnamt>920</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>920</Sole>
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		<nameOfIssuer>WISDOMTREE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>97717P104</cusip>
		<value>1184806</value>
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			<sshPrnamt>81374</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>81374</Sole>
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		<nameOfIssuer>WOODWARD INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>980745103</cusip>
		<value>2072357</value>
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			<sshPrnamt>5790</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5790</Sole>
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			<None>0</None>
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