The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
June 16 Puts on VWO US Equity Option 922042858 1,219 7,500 SH Put DFND   7,500 0 0
ABB LTD-SPON ADR ADR 000375204 3,155 162,443 SH   DFND   162,443 0 0
AMEC FOSTER WHEELER-SPN ADR ADR 00167X205 1,283 200,529 SH   DFND   200,529 0 0
AU OPTRONICS CORP-SPON ADR ADR 002255107 2,337 792,137 SH   DFND   792,137 0 0
ALIBABA GROUP HOLDING-SP ADR ADR 01609W102 1,664 21,053 SH   DFND   21,053 0 0
ALUMINUM CORP OF CHINA-ADR ADR 022276109 156 19,519 SH   DFND   19,519 0 0
AMERICA MOVIL-SPN ADR CL L ADR 02364W105 428 27,558 SH   DFND   27,558 0 0
ANGLOGOLD ASHANTI-SPON ADR ADR 035128206 2,002 146,245 SH   DFND   146,245 0 0
ANHEUSER-BUSCH INBEV-SPN ADR ADR 03524A108 6,462 51,836 SH   DFND   51,836 0 0
ARM HOLDINGS PLC-SPONS ADR ADR 042068106 12,278 281,036 SH   DFND   281,036 0 0
BAIDU INC - SPON ADR ADR 056752108 1,564 8,195 SH   DFND   8,195 0 0
BANCO SANTANDER SA-SPON ADR ADR 05964H105 1,171 268,624 SH   DFND   268,624 0 0
BANCO SANTANDER-CHILE-ADR ADR 05965X109 211 10,919 SH   DFND   10,919 0 0
BANCOLOMBIA S.A.-SPONS ADR ADR 05968L102 250 7,306 SH   DFND   7,306 0 0
IPATH BLOOMBERG COMMODITY IN ETP 06738C778 424 19,722 SH   DFND   19,722 0 0
IPATH GSCI TOTAL RETURN INDX ETP 06738C794 310 24,638 SH   DFND   24,638 0 0
BARCLAYS PLC-SPONS ADR ADR 06738E204 1,211 140,522 SH   DFND   140,522 0 0
IPATH MSCI INDIA INDEX ETN ETP 06739F291 1,497 23,834 SH   DFND   23,834 0 0
BRITISH AMERICAN TOB-SP ADR ADR 110448107 16,576 141,786 SH   DFND   141,786 0 0
CRH PLC-SPONSORED ADR ADR 12626K203 2,915 103,441 SH   DFND   103,441 0 0
CSOP FTSE CHINA A50 ETF ETP 12649L105 241 18,589 SH   DFND   18,589 0 0
CAMBRIA GLOBAL VALUE ETF ETP 132061409 1,046 56,349 SH   DFND   56,349 0 0
CHINA MOBILE LTD-SPON ADR ADR 16941M109 3,417 61,619 SH   DFND   61,619 0 0
CHINA PETROLEUM & CHEM-ADR ADR 16941R108 1,981 30,403 SH   DFND   30,403 0 0
GUGGENHEIM CHINA TECHNOLOGY ETP 18383Q135 437 12,748 SH   DFND   12,748 0 0
GUGGENHEIM INTERNATIONAL MUL ETP 18383Q804 641 44,726 SH   DFND   44,726 0 0
GUGGENHEIM FRONTIER MARKETS ETP 18383Q838 138 12,670 SH   DFND   12,670 0 0
GUGGENHEIM CHINA SMALL CAP E ETP 18383Q853 817 36,447 SH   DFND   36,447 0 0
COCA-COLA FEMSA SAB-SP ADR ADR 191241108 342 4,124 SH   DFND   4,124 0 0
COEUR MINING INC Common Stock 192108504 79 14,128 SH   DFND   14,128 0 0
CONTROLADORA VUELA CIA-ADR ADR 21240E105 1,319 62,606 SH   DFND   62,606 0 0
VELOCITYSHARES 3X LONG CRUDE ETP 22539T316 216 10,143 SH   DFND   10,143 0 0
VELOCITYSHARES 3X LONG GOLD ETP 22542D688 274 24,520 SH   DFND   24,520 0 0
DEUTSCHE X-TRACKERS MSCI EAF ETP 233051200 12,811 501,611 SH   DFND   501,611 0 0
DEUTSCHE X-TRACKERS MSCI GER ETP 233051408 565 24,951 SH   DFND   24,951 0 0
DEUTSCHE X-TRACKERS MSCI JAP ETP 233051507 10,911 325,219 SH   DFND   325,219 0 0
DEUTSCHE X-TRACKERS MSCI EUR ETP 233051697 299 12,115 SH   DFND   12,115 0 0
DEUTSCHE X-TRACKERS MSCI SOU ETP 233051812 2,231 96,193 SH   DFND   96,193 0 0
DEUTSCHE X-TRACKERS MSCI ALL ETP 233051820 1,373 62,334 SH   DFND   62,334 0 0
DEUTSCHE X-TRACKERS MSCI EUR ETP 233051853 7,113 288,346 SH   DFND   288,346 0 0
DEUTSCHE X-TRACKERS HARVEST ETP 233051879 1,942 79,092 SH   DFND   79,092 0 0
DB AGRICULTURE DOUBLE LONG ETP 25154H558 548 162,610 SH   DFND   162,610 0 0
DB BASE METALS DOUBLE SHORT ETP 25154K858 144 12,266 SH   DFND   12,266 0 0
DIAGEO PLC-SPONSORED ADR ADR 25243Q205 17,720 164,271 SH   DFND   164,271 0 0
DRXN D CSI CH A-SHR BEAR 1X ETP 25459Y116 3,686 85,445 SH   DFND   85,445 0 0
DIREXION DAILY INDIA BULL 3X ETP 25490K331 210 4,328 SH   DFND   4,328 0 0
DIREXION DAILY CSI 300 CHINA ETP 25490K869 290 15,683 SH   DFND   15,683 0 0
DRDGOLD LTD-SPONSORED ADR ADR 26152H301 801 200,854 SH   DFND   200,854 0 0
EGSHARES EM QUALITY DIVIDEND ETP 268461654 1,892 148,730 SH   DFND   148,730 0 0
EGSHARES INDIA CONSUMER ETF ETP 268461761 749 24,001 SH   DFND   24,001 0 0
EGSHARES INDIA SMALL CAP ETF ETP 268461811 1,246 91,162 SH   DFND   91,162 0 0
EGSHARES INDIA INFRA ETF ETP 268461845 385 37,429 SH   DFND   37,429 0 0
VIDENT INTERNATIONAL EQUITY ETP 26922A404 343 16,223 SH   DFND   16,223 0 0
ECOPETROL SA-SPONSORED ADR ADR 279158109 150 17,366 SH   DFND   17,366 0 0
EMPIRE STATE REALTY OP LP-ES Ltd Part 292102100 489 27,927 SH   DFND   27,927 0 0
EMPIRE STATE REALTY OP-S60 Ltd Part 292102209 356 20,381 SH   DFND   20,381 0 0
EMPIRE STATE REALTY OP -S250 Ltd Part 292102308 174 10,007 SH   DFND   10,007 0 0
DELHAIZE GROUP - SPONS ADR ADR 29759W101 1,905 73,338 SH   DFND   73,338 0 0
PUREFUNDS ISE CYBER SECURITY ETP 30304R407 862 35,972 SH   DFND   35,972 0 0
FIRST TRUST ISE CHINDIA INDE ETP 33733A102 278 10,182 SH   DFND   10,182 0 0
FIRST TRUST BICK INDEX FUND ETP 33733H107 816 40,797 SH   DFND   40,797 0 0
FIRST TRUST DJ GL SEL DVD ETP 33734X200 538 23,860 SH   DFND   23,860 0 0
FT FTSE EPRA/NAREIT REAL EST ETP 33736N101 766 17,289 SH   DFND   17,289 0 0
FIRST TRUST ASIA PAC EX-JAPN ETP 33737J109 821 28,941 SH   DFND   28,941 0 0
FIRST TRUST JAPAN ETP 33737J158 363 7,996 SH   DFND   7,996 0 0
FIRST TRUST EMERGING MARKETS ETP 33737J182 1,959 101,742 SH   DFND   101,742 0 0
FIRST TRUST GERMANY ETP 33737J190 610 16,671 SH   DFND   16,671 0 0
FIRST TRUST UNITED KINGDOM ETP 33737J224 296 7,854 SH   DFND   7,854 0 0
FIRST TRUST SWITZERLAND ETP 33737J232 2,883 71,875 SH   DFND   71,875 0 0
FIRST TRUST TAIWAN ETP 33737J257 706 23,302 SH   DFND   23,302 0 0
FIRST TRUST DW FOCUS 5 INTL ETP 33738R886 802 46,762 SH   DFND   46,762 0 0
FLEXSHARES GLOBAL UPSTREAM N ETP 33939L407 5,667 234,086 SH   DFND   234,086 0 0
FLEXSHARES MORNINGSTAR DEVEL ETP 33939L803 210 3,883 SH   DFND   3,883 0 0
FLEXSHARES INT QUAL DVD DYN ETP 33939L829 1,078 47,885 SH   DFND   47,885 0 0
FOMENTO ECONOMICO MEX-SP ADR ADR 344419106 5,590 58,046 SH   DFND   58,046 0 0
FORTUNA SILVER MINES INC Common Stock 349915108 50 12,895 SH   DFND   12,895 0 0
FRESENIUS MEDICAL CARE-ADR ADR 358029106 1,750 39,697 SH   DFND   39,697 0 0
GLAXOSMITHKLINE PLC-SPON ADR ADR 37733W105 785 19,351 SH   DFND   19,351 0 0
GLOBAL X MSCI GREECE ETF ETP 37950E366 523 69,428 SH   DFND   69,428 0 0
GLOBAL X SOCIAL MEDIA INDEX ETP 37950E416 849 46,078 SH   DFND   46,078 0 0
GLOBAL X CHINA ENERGY ETF ETP 37950E507 124 12,210 SH   DFND   12,210 0 0
GLOBAL X SUPERDIVIDEND ETF ETP 37950E549 1,531 75,816 SH   DFND   75,816 0 0
GLOBAL X CHINA FINANCIALS ETP 37950E606 215 17,271 SH   DFND   17,271 0 0
GLOBAL X CHINA INDUSTRIALS ETP 37950E705 209 17,706 SH   DFND   17,706 0 0
GLOBAL X MSCI NORWAY ETF ETP 37950E747 203 20,282 SH   DFND   20,282 0 0
GLOBAL X NASDAQ CHINA TECH ETP 37950E804 253 11,950 SH   DFND   11,950 0 0
GOLDMAN SACHS ACTIVEBETA EM ETP 381430206 532 20,273 SH   DFND   20,273 0 0
GS CONNECT S&P GSCI ENH COMM ETP 38144L852 223 11,244 SH   DFND   11,244 0 0
GRIFOLS SA-ADR ADR 398438408 1,522 98,409 SH   DFND   98,409 0 0
GRUPO TELEVISA SA-SPON ADR ADR 40049J206 2,017 73,464 SH   DFND   73,464 0 0
GRUPO AEROPORTUARIO PAC-ADR ADR 400506101 3,427 38,635 SH   DFND   38,635 0 0
GRUPO FIN SANTANDER-ADR B ADR 40053C105 1,658 183,628 SH   DFND   183,628 0 0
HDFC BANK LTD-ADR ADR 40415F101 683 11,080 SH   DFND   11,080 0 0
HUANENG POWER INTL-SPONS ADR ADR 443304100 1,269 35,693 SH   DFND   35,693 0 0
ING GROEP N.V.-SPONSORED ADR ADR 456837103 782 65,530 SH   DFND   65,530 0 0
ISHARES MSCI FRONTIER 100 ETP 464286145 445 18,117 SH   DFND   18,117 0 0
ISHARES MSCI BRAZIL CAPPED E ETP 464286400 35,327 1,343,223 SH   DFND   1,343,223 0 0
ISHARES MSCI EMERGING MARKET ETP 464286426 627 12,119 SH   DFND   12,119 0 0
ISHARES MSCI ALL COUNTRY WOR ETP 464286525 915 12,445 SH   DFND   12,445 0 0
ISHARES MSCI EMERG MKT MIN V ETP 464286533 11,726 228,256 SH   DFND   228,256 0 0
ISHARES MSCI EUROZONE ETF ETP 464286608 13,855 402,868 SH   DFND   402,868 0 0
ISHARES MSCI THAILAND CAPPED ETP 464286624 10,466 155,300 SH   DFND   155,300 0 0
ISHARES MSCI CHILE CAPPED ET ETP 464286640 6,559 177,763 SH   DFND   177,763 0 0
ISHARES MSCI BRIC ETF ETP 464286657 1,016 34,215 SH   DFND   34,215 0 0
ISHARES MSCI SINGAPORE ETF ETP 464286673 802 73,815 SH   DFND   73,815 0 0
ISHARES MSCI TURKEY ETF ETP 464286715 4,102 93,563 SH   DFND   93,563 0 0
ISHARES MSCI TAIWAN ETF ETP 464286731 24,935 1,799,067 SH   DFND   1,799,067 0 0
ISHARES MSCI SWEDEN ETF ETP 464286756 1,101 37,370 SH   DFND   37,370 0 0
ISHARES MSCI SPAIN CAPPED ET ETP 464286764 18,347 675,009 SH   DFND   675,009 0 0
ISHARES MSCI SOUTH KOREA CAP ETP 464286772 19,122 362,015 SH   DFND   362,015 0 0
ISHARES MSCI SOUTH AFRICA ET ETP 464286780 18,794 354,540 SH   DFND   354,540 0 0
ISHARES MSCI GERMANY ETF ETP 464286806 2,781 108,103 SH   DFND   108,103 0 0
ISHARES MSCI MEXICO CAPPED ETP 464286822 12,345 229,879 SH   DFND   229,879 0 0
ISHARES MSCI MALAYSIA ETF ETP 464286830 7,189 806,887 SH   DFND   806,887 0 0
ISHARES MSCI JAPAN ETF ETP 464286848 68,789 6,028,827 SH   DFND   6,028,827 0 0
ISHARES MSCI ITALY CAPPED ET ETP 464286855 1,145 93,882 SH   DFND   93,882 0 0
ISHARES CHINA LARGE-CAP ETF ETP 464287184 94,837 2,808,751 SH   DFND   2,808,751 0 0
ISHARES IBOXX INVESTMENT GRA ETP 464287242 590 4,967 SH   DFND   4,967 0 0
ISHARES GLOBAL ENERGY ETF ETP 464287341 3,582 121,396 SH   DFND   121,396 0 0
ISHARES MSCI EAFE ETF ETP 464287465 88,557 1,549,285 SH   DFND   1,549,285 0 0
ISHARES GLOBAL 100 ETF ETP 464287572 3,974 55,252 SH   DFND   55,252 0 0
ISHARES EUROPE ETF ETP 464287861 2,491 63,695 SH   DFND   63,695 0 0
ISHARES EMERGING MARKETS INF ETP 464288216 306 10,350 SH   DFND   10,350 0 0
ISHARES MSCI ACWI EX US ETF ETP 464288240 8,110 205,425 SH   DFND   205,425 0 0
ISHARES MSCI ACWI ETF ETP 464288257 22,922 408,881 SH   DFND   408,881 0 0
ISHARES MSCI KOKUSAI ETF ETP 464288265 1,057 20,397 SH   DFND   20,397 0 0
ISHARES MSCI EAFE SMALL-CAP ETP 464288273 7,278 146,145 SH   DFND   146,145 0 0
ISHARES GLOBAL INFRASTRUCTUR ETP 464288372 2,008 51,377 SH   DFND   51,377 0 0
ISHARES INTERNATIONAL SELECT ETP 464288448 699 24,122 SH   DFND   24,122 0 0
ISHARES MSCI EUROPE SMALL-CA ETP 464288497 581 12,953 SH   DFND   12,953 0 0
ISHARES GLOBAL CONSUMER DISC ETP 464288745 207 2,332 SH   DFND   2,332 0 0
ISHARES MSCI EAFE GROWTH ETF ETP 464288885 774 11,756 SH   DFND   11,756 0 0
ISHARES MSCI NEW ZEALAND CAP ETP 464289123 1,696 41,238 SH   DFND   41,238 0 0
ISHARES MSCI EUROPE FINANCIA ETP 464289180 314 17,535 SH   DFND   17,535 0 0
ISHARES INDIA 50 ETF ETP 464289529 12,137 451,192 SH   DFND   451,192 0 0
ISHARES MSCI ALL PERU CAPPED ETP 464289842 210 7,968 SH   DFND   7,968 0 0
ISHARES MSCI INDONESIA ETF ETP 46429B309 7,679 325,925 SH   DFND   325,925 0 0
ISHARES MSCI PHILIPPINES ETF ETP 46429B408 6,297 171,803 SH   DFND   171,803 0 0
ISHARES MSCI GERMANY SMALL-C ETP 46429B465 339 8,109 SH   DFND   8,109 0 0
ISHARES MSCI NORWAY CAPPED ETP 46429B499 820 41,811 SH   DFND   41,811 0 0
ISHARES MSCI IRELAND CAPPED ETP 46429B507 985 24,513 SH   DFND   24,513 0 0
ISHARES MSCI POLAND CAPPED E ETP 46429B606 2,229 110,204 SH   DFND   110,204 0 0
ISHARES MSCI INDIA SMALL-CAP ETP 46429B614 2,382 77,888 SH   DFND   77,888 0 0
ISHARES MSCI CHINA ETF ETP 46429B671 31,933 751,184 SH   DFND   751,184 0 0
ISHARES MSCI EAFE MINIMUM VO ETP 46429B689 6,520 98,138 SH   DFND   98,138 0 0
ISHARES MSCI RUSSIA CAPPED E ETP 46434G806 13,130 1,023,409 SH   DFND   1,023,409 0 0
ISHARES MSCI UNITED KINGDOM ETP 46434V548 11,359 724,402 SH   DFND   724,402 0 0
ISHARES CURRENCY HEDGED MSCI ETP 46434V639 599 24,605 SH   DFND   24,605 0 0
ISHA HEDGED MSCI GERMANY ETP 46434V704 3,050 132,559 SH   DFND   132,559 0 0
ISHARES MSCI JAPAN MIN VOLAT ETP 46434V712 253 4,444 SH   DFND   4,444 0 0
ISHARES CORE MSCI EUROPE ETP 46434V738 277 6,743 SH   DFND   6,743 0 0
JAMES HARDIE IND PLC-SP ADR ADR 47030M106 180 13,193 SH   DFND   13,193 0 0
KB FINANCIAL GROUP INC-ADR ADR 48241A105 3,751 135,962 SH   DFND   135,962 0 0
KRANESHARES CSI CHINA INTERN ETP 500767306 587 16,362 SH   DFND   16,362 0 0
KYOCERA CORP -SPONS ADR ADR 501556203 410 9,275 SH   DFND   9,275 0 0
LG DISPLAY CO LTD-ADR ADR 50186V102 3,077 269,173 SH   DFND   269,173 0 0
LAKE SHORE GOLD CORP Common Stock 510728108 89 61,100 SH   DFND   61,100 0 0
LUXOTTICA GROUP SPA-SPON ADR ADR 55068R202 2,949 53,616 SH   DFND   53,616 0 0
MARINE HARVEST ASA- SPON ADR ADR 56824R205 912 59,504 SH   DFND   59,504 0 0
MCEWEN MINING INC Common Stock 58039P107 43 22,615 SH   DFND   22,615 0 0
MESOBLAST LTD- SPON ADR ADR 590717104 431 44,760 SH   DFND   44,760 0 0
MITSUBISHI UFJ FINL-SPON ADR ADR 606822104 2,051 446,760 SH   DFND   446,760 0 0
MIZUHO FINANCIAL GROUP-ADR ADR 60687Y109 915 311,241 SH   DFND   311,241 0 0
MOBILE TELESYSTEMS-SP ADR ADR 607409109 119 14,726 SH   DFND   14,726 0 0
NOKIA CORP-SPON ADR ADR 654902204 6,646 1,124,480 SH   DFND   1,124,480 0 0
NOMURA HOLDINGS INC-SPON ADR ADR 65535H208 596 134,199 SH   DFND   134,199 0 0
NOVARTIS AG-SPONSORED ADR ADR 66987V109 10,328 142,568 SH   DFND   142,568 0 0
NOVO-NORDISK A/S-SPONS ADR ADR 670100205 10,188 188,004 SH   DFND   188,004 0 0
ORANGE-SPON ADR ADR 684060106 2,188 125,896 SH   DFND   125,896 0 0
POSCO- SPON ADR ADR 693483109 944 19,941 SH   DFND   19,941 0 0
PETROCHINA CO LTD -ADR ADR 71646E100 579 8,734 SH   DFND   8,734 0 0
POWERSHARES GLD DRG CHINA ETP 73935X401 853 28,403 SH   DFND   28,403 0 0
POWERSHARES INTER DVD ACHIEV ETP 73935X716 653 47,079 SH   DFND   47,079 0 0
POWERSHARES DB AGRICULTURE F ETP 73936B408 408 19,813 SH   DFND   19,813 0 0
POWERSHARES DWA DEVELOPED MA ETP 73936Q108 520 22,565 SH   DFND   22,565 0 0
POWERSHARES DWA EMERGING MAR ETP 73936Q207 546 35,579 SH   DFND   35,579 0 0
POWERSHARES FTSE RAFI EM MKT ETP 73936T763 320 20,521 SH   DFND   20,521 0 0
POWERSHARES FTSE RAFI DEV EX ETP 73936T789 368 10,410 SH   DFND   10,410 0 0
POWERSHARES ASIA EX-JAPAN ETP 73936T854 1,619 35,992 SH   DFND   35,992 0 0
POWERSHARES INTERNATIONAL BU ETP 73937B621 316 11,565 SH   DFND   11,565 0 0
POWERSHARES S&P EM-MK LOW VO ETP 73937B662 422 18,702 SH   DFND   18,702 0 0
POWERSHARES S&P INTERNATIONA ETP 73937B696 274 11,201 SH   DFND   11,201 0 0
PRIMERO MINING CORP Common Stock 74164W106 33 18,050 SH   DFND   18,050 0 0
PRUDENTIAL PLC-ADR ADR 74435K204 5,631 151,376 SH   DFND   151,376 0 0
RANDGOLD RESOURCES LTD-ADR ADR 752344309 1,981 21,814 SH   DFND   21,814 0 0
SPDR STOXX EUROPE 50 ETF ETP 78463X103 401 13,359 SH   DFND   13,359 0 0
SPDR EURO STOXX 50 ETF ETP 78463X202 682 20,530 SH   DFND   20,530 0 0
SPDR S&P EMERGING ASIA PACIF ETP 78463X301 1,386 18,720 SH   DFND   18,720 0 0
SPDR S&P CHINA ETF ETP 78463X400 1,740 24,929 SH   DFND   24,929 0 0
SPDR S&P EMERGING MKTS SMALL ETP 78463X756 292 7,511 SH   DFND   7,511 0 0
SPDR S&P INTERNATIONAL MID ETP 78463X764 296 10,145 SH   DFND   10,145 0 0
SPDR S&P EMERGING MIDDLE EAS ETP 78463X806 205 3,696 SH   DFND   3,696 0 0
SPDR RUSSELL/NOMURA S/C JPN ETP 78463X822 390 7,340 SH   DFND   7,340 0 0
SPDR RUSSELL/NOMURA PR JAPAN ETP 78463X830 946 21,714 SH   DFND   21,714 0 0
SPDR S&P WORLD EX-US ETF ETP 78463X889 656 25,934 SH   DFND   25,934 0 0
SASOL LTD-SPONSORED ADR ADR 803866300 1,248 42,243 SH   DFND   42,243 0 0
SCHWAB EMERGING MARKETS EQUI ETP 808524706 2,136 102,817 SH   DFND   102,817 0 0
SCHWAB INTL EQUITY ETF ETP 808524805 24,130 890,094 SH   DFND   890,094 0 0
SEMICONDUCTOR MANUFACT-ADR ADR 81663N206 183 41,232 SH   DFND   41,232 0 0
SHINHAN FINANCIAL GROUP-ADR ADR 824596100 783 22,227 SH   DFND   22,227 0 0
SHIRE PLC-ADR ADR 82481R106 28,179 163,925 SH   DFND   163,925 0 0
SIBANYE GOLD- SPON ADR ADR 825724206 1,082 71,346 SH   DFND   71,346 0 0
STATOIL ASA-SPON ADR ADR 85771P102 13,701 880,543 SH   DFND   880,543 0 0
SUMITOMO MITSUI-SPONS ADR ADR 86562M209 742 123,378 SH   DFND   123,378 0 0
ELEMENTS ROGERS ENERGY TR ETP 870297306 25 11,570 SH   DFND   11,570 0 0
ELEMENTS ROGERS AGRI TOT RET ETP 870297603 88 14,153 SH   DFND   14,153 0 0
ELEMENTS ROGERS TOTAL RETURN ETP 870297801 46 10,046 SH   DFND   10,046 0 0
SYNGENTA AG-ADR ADR 87160A100 328 3,964 SH   DFND   3,964 0 0
TAIWAN SEMICONDUCTOR-SP ADR ADR 874039100 8,891 339,360 SH   DFND   339,360 0 0
TELECOM ITALIA SPA-SPON ADR ADR 87927Y102 464 42,998 SH   DFND   42,998 0 0
TELEFONICA SA-SPON ADR ADR 879382208 2,156 193,694 SH   DFND   193,694 0 0
TENARIS SA-ADR ADR 88031M109 9,416 380,300 SH   DFND   380,300 0 0
TEVA PHARMACEUTICAL-SP ADR ADR 881624209 10,669 199,385 SH   DFND   199,385 0 0
TOYOTA MOTOR CORP -SPON ADR ADR 892331307 593 5,579 SH   DFND   5,579 0 0
E-TRACS BLOOMBERG COMMODITY ETP 902641679 283 19,795 SH   DFND   19,795 0 0
UNILEVER PLC-SPONSORED ADR ADR 904767704 13,968 309,158 SH   DFND   309,158 0 0
UNILEVER N V -NY SHARES NY Reg Shrs 904784709 10,504 235,103 SH   DFND   235,103 0 0
VANECK VECTORS GOLD MINERS E ETP 92189F106 26,607 1,332,369 SH   DFND   1,332,369 0 0
VANECK VECTORS RUSSIA ETF ETP 92189F403 7,278 444,878 SH   DFND   444,878 0 0
VANECK VECTORS CHINAAMC SME- ETP 92189F627 324 9,478 SH   DFND   9,478 0 0
VANECK VECTORS CHINAAMC CSI ETP 92189F759 876 22,752 SH   DFND   22,752 0 0
VANECK VECTORS JUNIOR GOLD M ETP 92189F791 1,638 58,819 SH   DFND   58,819 0 0
VANECK VECTORS INDONESIA IND ETP 92189F833 1,771 84,693 SH   DFND   84,693 0 0
VANECK VECTORS GULF STATES I ETP 92189F858 201 9,132 SH   DFND   9,132 0 0
VANGUARD GLBL EX-US REAL EST ETP 922042676 1,502 28,063 SH   DFND   28,063 0 0
VANGUARD FTSE ALL WO X-US SC ETP 922042718 1,105 11,835 SH   DFND   11,835 0 0
VANGUARD FTSE PACIFIC ETF ETP 922042866 5,185 93,811 SH   DFND   93,811 0 0
WIPRO LTD-ADR ADR 97651M109 382 30,329 SH   DFND   30,329 0 0
WISDOMTREE EM SMALL CAP ETP 97717W281 1,207 31,943 SH   DFND   31,943 0 0
WISDOMTREE EMERGING MARKETS ETP 97717W315 947 27,190 SH   DFND   27,190 0 0
WISDOMTREE UNITED KINGDOM ETP 97717W349 355 15,345 SH   DFND   15,345 0 0
WISDOM TREE KOREA HEDGED EQU ETP 97717W372 511 23,737 SH   DFND   23,737 0 0
WISDOMTREE GERMANY HEDGED EQ ETP 97717W448 437 17,199 SH   DFND   17,199 0 0
WISDOMTREE JAPAN HEDGED SMAL ETP 97717W521 275 8,822 SH   DFND   8,822 0 0
WISDOMTREE INTERNATIONAL EQU ETP 97717W703 254 5,543 SH   DFND   5,543 0 0
WISDOMTREE INTL M/C DVD FUND ETP 97717W778 528 9,455 SH   DFND   9,455 0 0
WISDOMTREE INTERNATIONAL HIG ETP 97717W802 410 10,967 SH   DFND   10,967 0 0
WISDOMTREE AUSTRALIA DIVIDEN ETP 97717W810 264 5,519 SH   DFND   5,519 0 0
WISDOMTREE ASIA-PACIFIC EX-J ETP 97717W828 1,002 17,637 SH   DFND   17,637 0 0
WISDOMTREE GLOBAL EX-US QUAL ETP 97717W844 1,292 27,593 SH   DFND   27,593 0 0
WISDOMTREE JAPAN HEDGED EQ ETP 97717W851 7,740 177,084 SH   DFND   177,084 0 0
WISDOMTREE EUROPE HEDG SM EQ ETP 97717X552 451 18,880 SH   DFND   18,880 0 0
YANZHOU COAL MINING-SP ADR ADR 984846105 98 18,716 SH   DFND   18,716 0 0