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
ALPS INTERNATIONAL SECTOR DI ETP 00162Q718 331 14,215 SH   DFND   14,215 0 0
AMEC FOSTER WHEELER-SPN ADR ADR 00167X205 3,188 488,184 SH   DFND   488,184 0 0
AU OPTRONICS CORP-SPON ADR ADR 002255107 1,825 522,962 SH   DFND   522,962 0 0
ADVANCED SEMICONDUCTOR E-ADR ADR 00756M404 1,096 196,454 SH   DFND   196,454 0 0
ALUMINUM CORP OF CHINA-ADR ADR 022276109 355 45,418 SH   DFND   45,418 0 0
ANGLOGOLD ASHANTI-SPON ADR ADR 035128206 1,000 55,369 SH   DFND   55,369 0 0
ARCELORMITTAL-NY REGISTERED NY Reg Shrs 03938L104 372 79,808 SH   DFND   79,808 0 0
ARM HOLDINGS PLC-SPONS ADR ADR 042068106 5,445 119,642 SH   DFND   119,642 0 0
ASANKO GOLD INC Common Stock 04341Y105 89 23,459 SH   DFND   23,459 0 0
AVIVA PLC - SPON ADR ADR 05382A104 212 19,844 SH   DFND   19,844 0 0
BHP BILLITON PLC-ADR ADR 05545E209 4,295 169,213 SH   DFND   169,213 0 0
IPATH S&P GSCI CRUDE OIL TR ETP 06738C786 480 76,814 SH   DFND   76,814 0 0
IPATH GSCI TOTAL RETURN INDX ETP 06738C794 591 40,670 SH   DFND   40,670 0 0
IPATH BLOOMBERG NICKEL SUBIN ETP 06739F119 370 32,687 SH   DFND   32,687 0 0
IPATH MSCI INDIA INDEX ETN ETP 06739F291 2,164 33,273 SH   DFND   33,273 0 0
IPATH BLOOMBERG GRAINS SUBIN ETP 06739H305 763 23,253 SH   DFND   23,253 0 0
IPATH BLOOMBERG COCOA SUBIND ETP 06739H313 1,038 27,487 SH   DFND   27,487 0 0
IPATH BLOOMBERG NATURAL GAS ETP 06739H644 10 17,579 SH   DFND   17,579 0 0
BRITISH AMERICAN TOB-SP ADR ADR 110448107 7,423 57,333 SH   DFND   57,333 0 0
CTI BIOPHARMA CORP Common Stock 12648L106 5 13,368 SH   DFND   13,368 0 0
CSOP FTSE CHINA A50 ETF ETP 12649L105 334 27,033 SH   DFND   27,033 0 0
CAMBRIA GLOBAL VALUE ETF ETP 132061409 229 12,527 SH   DFND   12,527 0 0
CEMEX SAB-SPONS ADR PART CER ADR 151290889 88 14,330 SH   DFND   14,330 0 0
CHINA LIFE INSURANCE CO-ADR ADR 16939P106 3,491 324,448 SH   DFND   324,448 0 0
CHINA PETROLEUM & CHEM-ADR ADR 16941R108 892 12,392 SH   DFND   12,392 0 0
CHINA UNICOM HONG KONG-ADR ADR 16945R104 1,823 175,086 SH   DFND   175,086 0 0
GUGGENHEIM S&P GLOBAL DIVIDE ETP 18383M860 166 17,576 SH   DFND   17,576 0 0
GUGGENHEIM CHINA TECHNOLOGY ETP 18383Q135 1,070 31,846 SH   DFND   31,846 0 0
GUGGENHEIM S&P GLOBAL WATER ETP 18383Q507 390 12,995 SH   DFND   12,995 0 0
GUGGENHEIM SOLAR ETF ETP 18383Q739 1,098 52,363 SH   DFND   52,363 0 0
GUGGENHEIM INTERNATIONAL MUL ETP 18383Q804 1,299 90,339 SH   DFND   90,339 0 0
GUGGENHEIM FRONTIER MARKETS ETP 18383Q838 807 72,798 SH   DFND   72,798 0 0
GUGGENHEIM CHINA SMALL CAP E ETP 18383Q853 1,006 45,362 SH   DFND   45,362 0 0
GUGGENHEIM CHINA REAL ESTATE ETP 18383Q861 352 18,110 SH   DFND   18,110 0 0
CONTROLADORA VUELA CIA-ADR ADR 21240E105 766 40,983 SH   DFND   40,983 0 0
VELOCITYSHARES 3X LNG SILVER ETP 22539T597 652 29,495 SH   DFND   29,495 0 0
VELOCITYSHARES INV VIX SH-TM ETP 22542D795 1,865 74,623 SH   DFND   74,623 0 0
DEUTSCHE X-TRACKERS MSCI EME ETP 233051101 9,875 522,482 SH   DFND   522,482 0 0
DEUTSCHE X-TRACKERS MSCI EAF ETP 233051200 2,093 83,742 SH   DFND   83,742 0 0
DEUTSCHE X-TRACKERS MSCI GER ETP 233051408 594 27,546 SH   DFND   27,546 0 0
DEUTSCHE X-TRACKERS MSCI JAP ETP 233051507 11,367 369,425 SH   DFND   369,425 0 0
DEUTSCHE X-TRACKERS MSCI EUR ETP 233051697 614 26,067 SH   DFND   26,067 0 0
DEUTSCHE X-TRACKERS MSCI MEX ETP 233051796 211 9,888 SH   DFND   9,888 0 0
DEUTSCHE X-TRACKERS MSCI SOU ETP 233051812 20,287 887,839 SH   DFND   887,839 0 0
DEUTSCHE X-TRACKERS MSCI ALL ETP 233051820 3,574 163,583 SH   DFND   163,583 0 0
DEUTSCHE X-TRACKERS MSCI EUR ETP 233051853 25,432 1,035,938 SH   DFND   1,035,938 0 0
DEUTSCHE X-TRACKERS HARVEST ETP 233051879 1,541 64,868 SH   DFND   64,868 0 0
DB AGRICULTURE DOUBLE LONG ETP 25154H558 188 42,259 SH   DFND   42,259 0 0
DB BASE METALS DOUBLE SHORT ETP 25154K858 218 12,797 SH   DFND   12,797 0 0
DRXN D CSI CH A-SHR BEAR 1X ETP 25459Y116 6,120 140,045 SH   DFND   140,045 0 0
DIREXION DAILY INDIA BULL 3X ETP 25490K331 1,920 38,079 SH   DFND   38,079 0 0
DIREXION DAILY CSI 300 CHINA ETP 25490K869 360 20,922 SH   DFND   20,922 0 0
EGSHARES EM QUALITY DIVIDEND ETP 268461654 1,818 139,715 SH   DFND   139,715 0 0
EGSHARES INDIA CONSUMER ETF ETP 268461761 667 19,999 SH   DFND   19,999 0 0
EGSHARES EM CONSUMER ETF ETP 268461779 1,285 55,321 SH   DFND   55,321 0 0
EGSHARES INDIA SMALL CAP ETF ETP 268461811 1,797 122,644 SH   DFND   122,644 0 0
VIDENT INTERNATIONAL EQUITY ETP 26922A404 401 19,552 SH   DFND   19,552 0 0
PUREFUNDS ISE CYBER SECURITY ETP 26924G201 539 22,565 SH   DFND   22,565 0 0
EMPIRE STATE REALTY OP LP-ES Ltd Part 292102100 1,109 58,515 SH   DFND   58,515 0 0
EMPIRE STATE REALTY OP-S60 Ltd Part 292102209 518 27,687 SH   DFND   27,687 0 0
ENERSIS AMERICAS-SPONS ADR ADR 29274F104 86 10,028 SH   DFND   10,028 0 0
ENERSIS CHILE SA ADR 29278D105 59 10,100 SH   DFND   10,100 0 0
DELHAIZE GROUP - SPONS ADR ADR 29759W101 2,680 102,040 SH   DFND   102,040 0 0
FIRST TRUST BICK INDEX FUND ETP 33733H107 855 41,293 SH   DFND   41,293 0 0
FIRST TRUST DJ GL SEL DVD ETP 33734X200 616 27,675 SH   DFND   27,675 0 0
FIRST TRUST NASDAQ CYBERSECU ETP 33734X846 173 10,043 SH   DFND   10,043 0 0
FIRST TRUST INTL IPO ETF ETP 33734X853 341 13,901 SH   DFND   13,901 0 0
FIRST TRUST GLOBAL WIND ETP 33736G106 155 12,318 SH   DFND   12,318 0 0
FT FTSE EPRA/NAREIT REAL EST ETP 33736N101 956 20,837 SH   DFND   20,837 0 0
FIRST TRUST ASIA PAC EX-JAPN ETP 33737J109 1,880 68,311 SH   DFND   68,311 0 0
FIRST TRUST EUROPE ETP 33737J117 730 26,696 SH   DFND   26,696 0 0
FIRST TRUST CHINA ETP 33737J141 332 17,900 SH   DFND   17,900 0 0
FIRST TRUST JAPAN ETP 33737J158 312 6,884 SH   DFND   6,884 0 0
FIRST TRUST DEVELP MKT EX-US ETP 33737J174 3,277 72,629 SH   DFND   72,629 0 0
FIRST TRUST EMERGING MARKETS ETP 33737J182 497 25,889 SH   DFND   25,889 0 0
FIRST TRUST GERMANY ETP 33737J190 922 26,647 SH   DFND   26,647 0 0
FIRST TRUST UNITED KINGDOM ETP 33737J224 303 9,099 SH   DFND   9,099 0 0
FIRST TRUST SWITZERLAND ETP 33737J232 499 12,934 SH   DFND   12,934 0 0
FIRST TRUST TAIWAN ETP 33737J257 714 23,762 SH   DFND   23,762 0 0
FIRST TRUST EMERGING MARKETS ETP 33737J307 795 26,772 SH   DFND   26,772 0 0
FIRST TRUST DW FOCUS 5 INTL ETP 33738R886 2,645 159,404 SH   DFND   159,404 0 0
FLEXSHARES STOXX GLOBAL BROA ETP 33939L795 5,634 124,872 SH   DFND   124,872 0 0
FLEXSHARES-INT QUAL DVD DEFE ETP 33939L811 824 37,512 SH   DFND   37,512 0 0
FLEXSHARES INT QUAL DVD DYN ETP 33939L829 306 13,937 SH   DFND   13,937 0 0
FLEXSHARES-INT QUAL DVD INDE ETP 33939L837 1,202 54,944 SH   DFND   54,944 0 0
GLOBAL X FTSE PORTUGAL 20 ET ETP 37950E192 167 17,719 SH   DFND   17,719 0 0
GLOBAL X MSCI COLOMBIA ETF ETP 37950E200 116 12,678 SH   DFND   12,678 0 0
GLOBAL X MSCI GREECE ETF ETP 37950E366 188 25,948 SH   DFND   25,948 0 0
GLOBAL X CHINA CONSUMER ETF ETP 37950E408 386 35,874 SH   DFND   35,874 0 0
GLOBAL X SOCIAL MEDIA INDEX ETP 37950E416 399 19,046 SH   DFND   19,046 0 0
GLOBAL X CHINA ENERGY ETF ETP 37950E507 129 12,460 SH   DFND   12,460 0 0
GLOBAL X SUPERDIVIDEND ETF ETP 37950E549 1,213 58,284 SH   DFND   58,284 0 0
GLOBAL X CHINA FINANCIALS ETP 37950E606 352 28,272 SH   DFND   28,272 0 0
GLOBAL X CHINA INDUSTRIALS ETP 37950E705 291 25,247 SH   DFND   25,247 0 0
GLOBAL X MSCI NORWAY ETF ETP 37950E747 211 20,089 SH   DFND   20,089 0 0
GOLD RESOURCE CORP Common Stock 38068T105 45 12,498 SH   DFND   12,498 0 0
GOLDMAN SACHS ACTIVEBETA EM ETP 381430206 833 31,428 SH   DFND   31,428 0 0
GOLDMAN ACTIVEBTA EUR EQ ETF ETP 381430305 878 34,832 SH   DFND   34,832 0 0
GS CONNECT S&P GSCI ENH COMM ETP 38144L852 252 11,114 SH   DFND   11,114 0 0
GRIFOLS SA-ADR ADR 398438408 702 42,110 SH   DFND   42,110 0 0
HSBC HOLDINGS PLC-SPONS ADR ADR 404280406 1,658 52,964 SH   DFND   52,964 0 0
IQ AUSTRALIA SMALL CAP ETF ETP 45409B826 314 20,765 SH   DFND   20,765 0 0
IQ GLOBAL RESOURCES ETF ETP 45409B883 1,732 67,593 SH   DFND   67,593 0 0
ING GROEP N.V.-SPONSORED ADR ADR 456837103 4,142 400,937 SH   DFND   400,937 0 0
INTERNET INITIATIVE-SPON ADR ADR 46059T109 225 23,296 SH   DFND   23,296 0 0
ISHARES MSCI AUSTRALIA ETF ETP 464286103 4,122 211,927 SH   DFND   211,927 0 0
ISHARES ASIA/PACIFIC DIVIDEN ETP 464286293 617 14,426 SH   DFND   14,426 0 0
ISHARES MSCI BELGIUM CAPPED ETP 464286301 354 20,016 SH   DFND   20,016 0 0
ISHARES MSCI GLOBAL GOLD MIN ETP 464286335 1,467 124,460 SH   DFND   124,460 0 0
ISHARES MSCI GLOBAL METALS & ETP 464286368 3,665 363,996 SH   DFND   363,996 0 0
ISHARES MSCI WORLD ETF ETP 464286392 1,078 15,555 SH   DFND   15,555 0 0
ISHARES MSCI CANADA ETF ETP 464286509 2,302 93,924 SH   DFND   93,924 0 0
ISHARES EDGE MSCI MIN VOL GL ETP 464286525 2,412 31,585 SH   DFND   31,585 0 0
ISHARES EDGE MSCI MIN VOL EM ETP 464286533 5,400 104,664 SH   DFND   104,664 0 0
ISHARES MSCI JAPAN SMALL-CAP ETP 464286582 529 8,806 SH   DFND   8,806 0 0
ISHARES MSCI EUROZONE ETF ETP 464286608 85,951 2,663,496 SH   DFND   2,663,496 0 0
ISHARES MSCI THAILAND CAPPED ETP 464286624 4,557 66,129 SH   DFND   66,129 0 0
ISHARES MSCI ISRAEL CAPPED E ETP 464286632 722 15,418 SH   DFND   15,418 0 0
ISHARES MSCI CHILE CAPPED ET ETP 464286640 2,718 73,851 SH   DFND   73,851 0 0
ISHARES MSCI BRIC ETF ETP 464286657 2,540 83,045 SH   DFND   83,045 0 0
ISHARES MSCI PACIFIC EX JAPA ETP 464286665 1,421 36,250 SH   DFND   36,250 0 0
ISHARES MSCI SINGAPORE ETF ETP 464286673 408 37,559 SH   DFND   37,559 0 0
ISHARES MSCI FRANCE ETF ETP 464286707 5,035 220,167 SH   DFND   220,167 0 0
ISHARES MSCI TURKEY ETF ETP 464286715 3,532 89,088 SH   DFND   89,088 0 0
ISHARES MSCI TAIWAN ETF ETP 464286731 13,581 966,625 SH   DFND   966,625 0 0
ISHARES MSCI SWITZERLAND CAP ETP 464286749 18,268 616,118 SH   DFND   616,118 0 0
ISHARES MSCI SWEDEN ETF ETP 464286756 1,165 42,600 SH   DFND   42,600 0 0
ISHARES MSCI SPAIN CAPPED ET ETP 464286764 14,464 579,006 SH   DFND   579,006 0 0
ISHARES MSCI SOUTH KOREA CAP ETP 464286772 49,878 957,907 SH   DFND   957,907 0 0
ISHARES MSCI SOUTH AFRICA ET ETP 464286780 6,192 117,072 SH   DFND   117,072 0 0
ISHARES MSCI GERMANY ETF ETP 464286806 21,040 874,833 SH   DFND   874,833 0 0
ISHARES MSCI NETHERLANDS ETF ETP 464286814 1,893 81,773 SH   DFND   81,773 0 0
ISHARES MSCI MEXICO CAPPED ETP 464286822 1,097 21,783 SH   DFND   21,783 0 0
ISHARES MSCI MALAYSIA ETF ETP 464286830 3,090 372,688 SH   DFND   372,688 0 0
ISHARES MSCI JAPAN ETF ETP 464286848 173,895 15,121,337 SH   DFND   15,121,337 0 0
ISHARES MSCI ITALY CAPPED ET ETP 464286855 3,408 314,115 SH   DFND   314,115 0 0
ISHARES MSCI HONG KONG ETF ETP 464286871 6,180 315,626 SH   DFND   315,626 0 0
ISHARES CHINA LARGE-CAP ETF ETP 464287184 21,246 620,868 SH   DFND   620,868 0 0
ISHARES CORE U.S. AGGREGATE ETP 464287226 2,118 18,810 SH   DFND   18,810 0 0
ISHARES GLOBAL TELECOM ETF ETP 464287275 1,960 31,018 SH   DFND   31,018 0 0
ISHARES GLOBAL TECH ETF ETP 464287291 1,212 12,455 SH   DFND   12,455 0 0
ISHARES GLOBAL HEALTHCARE ET ETP 464287325 910 9,011 SH   DFND   9,011 0 0
ISHARES GLOBAL FINANCIALS ET ETP 464287333 634 13,255 SH   DFND   13,255 0 0
ISHARES GLOBAL ENERGY ETF ETP 464287341 2,435 75,364 SH   DFND   75,364 0 0
ISHARES JPX-NIKKEI 400 ETF ETP 464287382 487 9,705 SH   DFND   9,705 0 0
ISHARES LATIN AMERICA 40 ETF ETP 464287390 3,853 146,548 SH   DFND   146,548 0 0
ISHARES MSCI EAFE ETF ETP 464287465 193,571 3,467,775 SH   DFND   3,467,775 0 0
ISHARES GLOBAL 100 ETF ETP 464287572 755 10,528 SH   DFND   10,528 0 0
ISHARES RUSSELL 1000 GROWTH ETP 464287614 387 3,861 SH   DFND   3,861 0 0
ISHARES RUSSELL 2000 VALUE E ETP 464287630 387 3,978 SH   DFND   3,978 0 0
ISHARES RUSSELL 2000 ETF ETP 464287655 660 5,738 SH   DFND   5,738 0 0
ISHARES GLOBAL TIMBER & FORE ETP 464288174 423 9,357 SH   DFND   9,357 0 0
ISHARES MSCI ALL COUNTRY ASI ETP 464288182 5,688 104,031 SH   DFND   104,031 0 0
ISHARES MSCI ACWI EX US ETF ETP 464288240 4,181 107,315 SH   DFND   107,315 0 0
ISHARES MSCI ACWI ETF ETP 464288257 14,744 262,203 SH   DFND   262,203 0 0
ISHARES GLOBAL INFRASTRUCTUR ETP 464288372 3,678 90,897 SH   DFND   90,897 0 0
ISHARES INTERNATIONAL DEVELO ETP 464288489 487 16,711 SH   DFND   16,711 0 0
ISHARES MSCI EUROPE SMALL-CA ETP 464288497 245 5,883 SH   DFND   5,883 0 0
ISHARES GLOBAL MATERIALS ETF ETP 464288695 1,036 21,112 SH   DFND   21,112 0 0
ISHARES GLOBAL UTILITIES ETF ETP 464288711 224 4,536 SH   DFND   4,536 0 0
ISHARES GLOBAL INDUSTRIALS E ETP 464288729 428 6,163 SH   DFND   6,163 0 0
ISHARES GLOBAL CONSUMER DISC ETP 464288745 1,418 16,804 SH   DFND   16,804 0 0
ISHARES MSCI EAFE VALUE ETF ETP 464288877 4,026 93,760 SH   DFND   93,760 0 0
ISHARES MSCI EAFE GROWTH ETF ETP 464288885 833 12,738 SH   DFND   12,738 0 0
ISHARES MSCI NEW ZEALAND CAP ETP 464289123 1,010 23,475 SH   DFND   23,475 0 0
ISHARES MSCI BRAZIL SMALL-CA ETP 464289131 139 13,618 SH   DFND   13,618 0 0
ISHARES MSCI ALL PERU CAPPED ETP 464289842 288 9,338 SH   DFND   9,338 0 0
ISHARES MSCI PHILIPPINES ETF ETP 46429B408 2,795 71,357 SH   DFND   71,357 0 0
ISHARES MSCI NORWAY CAPPED ETP 46429B499 205 10,139 SH   DFND   10,139 0 0
ISHARES MSCI IRELAND CAPPED ETP 46429B507 1,025 28,509 SH   DFND   28,509 0 0
ISHARES MSCI DENMARK CAPPED ETP 46429B523 1,117 20,185 SH   DFND   20,185 0 0
ISHARES MSCI POLAND CAPPED E ETP 46429B606 370 21,803 SH   DFND   21,803 0 0
ISHARES MSCI INDIA SMALL-CAP ETP 46429B614 541 16,277 SH   DFND   16,277 0 0
ISHARES MSCI CHINA ETF ETP 46429B671 18,610 439,019 SH   DFND   439,019 0 0
ISHARES EDGE MSCI MIN VOL EA ETP 46429B689 4,568 68,801 SH   DFND   68,801 0 0
ISHARES CORE INTL STOCK ETF ETP 46432F834 604 12,335 SH   DFND   12,335 0 0
ISHARES CORE MSCI EAFE ETF ETP 46432F842 2,902 55,918 SH   DFND   55,918 0 0
ISHARES MSCI RUSSIA CAPPED E ETP 46434G806 3,201 239,093 SH   DFND   239,093 0 0
ISHARES EDGE MSCI MF EM MKT ETP 46434G889 390 11,000 SH   DFND   11,000 0 0
ISHARES EXPONENTIAL TECH ETF ETP 46434V381 208 8,541 SH   DFND   8,541 0 0
ISHARES CURRENCY HEDGED MSCI ETP 46434V639 333 13,846 SH   DFND   13,846 0 0
ISHARES CORE MSCI PACIFIC ET ETP 46434V696 6,471 138,291 SH   DFND   138,291 0 0
ISHA HEDGED MSCI GERMANY ETP 46434V704 579 25,522 SH   DFND   25,522 0 0
ISHARES MSCI QATAR CP ETF ETP 46434V779 1,095 60,819 SH   DFND   60,819 0 0
ISHA CURR HEDGED MSCI JAPAN ETP 46434V886 9,535 408,000 SH   DFND   408,000 0 0
KONINKLIJKE PHILIPS NVR- NY NY Reg Shrs 500472303 2,260 90,615 SH   DFND   90,615 0 0
KRANESHARES CSI CHINA INTERN ETP 500767306 8,342 247,697 SH   DFND   247,697 0 0
KYOCERA CORP -SPONS ADR ADR 501556203 643 13,500 SH   DFND   13,500 0 0
LG DISPLAY CO LTD-ADR ADR 50186V102 941 81,219 SH   DFND   81,219 0 0
LUXOTTICA GROUP SPA-SPON ADR ADR 55068R202 234 4,786 SH   DFND   4,786 0 0
MITSUBISHI UFJ FINL-SPON ADR ADR 606822104 435 98,141 SH   DFND   98,141 0 0
MIZUHO FINANCIAL GROUP-ADR ADR 60687Y109 775 271,957 SH   DFND   271,957 0 0
NEWS CORP - CLASS B Common Stock 65249B208 721 61,822 SH   DFND   61,822 0 0
NOMURA HOLDINGS INC-SPON ADR ADR 65535H208 621 177,030 SH   DFND   177,030 0 0
NOVAGOLD RESOURCES INC Common Stock 66987E206 203 33,176 SH   DFND   33,176 0 0
NOVARTIS AG-SPONSORED ADR ADR 66987V109 8,483 102,817 SH   DFND   102,817 0 0
NOVO-NORDISK A/S-SPONS ADR ADR 670100205 1,267 23,553 SH   DFND   23,553 0 0
ORANGE-SPON ADR ADR 684060106 226 13,746 SH   DFND   13,746 0 0
ORIX - SPONSORED ADR ADR 686330101 1,896 29,670 SH   DFND   29,670 0 0
PEARSON PLC-SPONSORED ADR ADR 705015105 3,451 265,695 SH   DFND   265,695 0 0
PETROCHINA CO LTD -ADR ADR 71646E100 5,577 82,110 SH   DFND   82,110 0 0
POWERSHARES INDIA PORTFOLIO ETP 73935L100 3,167 162,018 SH   DFND   162,018 0 0
POWERSHARES GLB LIST PRIV EQ ETP 73935X195 197 19,519 SH   DFND   19,519 0 0
POWERSHARES GLD DRG CHINA ETP 73935X401 869 30,755 SH   DFND   30,755 0 0
POWERSHARES INTER DVD ACHIEV ETP 73935X716 765 54,358 SH   DFND   54,358 0 0
POWERSHARES DWA DEVELOPED MA ETP 73936Q108 4,277 188,317 SH   DFND   188,317 0 0
POWERSHARES DWA EMERGING MAR ETP 73936Q207 838 53,383 SH   DFND   53,383 0 0
POWERSHARES GLBL GOLD PR-MTL ETP 73936Q876 3,295 138,980 SH   DFND   138,980 0 0
POWERSHARES FDMNL H/Y CORP B ETP 73936T557 223 12,115 SH   DFND   12,115 0 0
POWERSHARES FTSE RAFI EM MKT ETP 73936T763 324 19,932 SH   DFND   19,932 0 0
POWERSHARES FTSE RAFI DV S-M ETP 73936T771 423 16,410 SH   DFND   16,410 0 0
POWERSHARES FTSE RAFI DEV EX ETP 73936T789 645 18,658 SH   DFND   18,658 0 0
POWERSHARES ASIA EX-JAPAN ETP 73936T854 1,621 36,561 SH   DFND   36,561 0 0
POWERSHARES S&P INT DEV LOW ETP 73937B688 378 12,654 SH   DFND   12,654 0 0
POWERSHARES S&P INTERNATIONA ETP 73937B696 209 8,709 SH   DFND   8,709 0 0
POWERSHARES DB OPTIMUM YIELD ETP 73937V106 1,069 59,939 SH   DFND   59,939 0 0
PRETIUM RESOURCES INC Common Stock 74139C102 376 33,570 SH   DFND   33,570 0 0
PRIMERO MINING CORP Common Stock 74164W106 67 32,248 SH   DFND   32,248 0 0
PRUDENTIAL PLC-ADR ADR 74435K204 3,147 92,539 SH   DFND   92,539 0 0
RANDGOLD RESOURCES LTD-ADR ADR 752344309 2,773 24,750 SH   DFND   24,750 0 0
ROYAL DUTCH SHELL-SPON ADR-A ADR 780259206 5,764 104,376 SH   DFND   104,376 0 0
SPDR EURO STOXX 50 ETF ETP 78463X202 201 6,448 SH   DFND   6,448 0 0
SPDR S&P EMERGING ASIA PACIF ETP 78463X301 209 2,796 SH   DFND   2,796 0 0
SPDR MSCI GERMANY STRATEGICF ETP 78463X350 2,475 51,325 SH   DFND   51,325 0 0
SPDR S&P CHINA ETF ETP 78463X400 6,198 88,676 SH   DFND   88,676 0 0
SPDR MSCI EMERGING MARKETS S ETP 78463X426 222 4,450 SH   DFND   4,450 0 0
SPDR S&P EMG MARKETS ETF ETP 78463X509 988 17,779 SH   DFND   17,779 0 0
SPDR S&P GL NAT RESOURCES ETP 78463X541 504 13,586 SH   DFND   13,586 0 0
SPDR S&P INTL UTILITIES SECT ETP 78463X632 2,704 163,656 SH   DFND   163,656 0 0
SPDR S&P INTL TELECOM SECTOR ETP 78463X640 313 12,559 SH   DFND   12,559 0 0
SPDR S&P INT INDUSTRIALS SEC ETP 78463X673 1,601 57,396 SH   DFND   57,396 0 0
SPDR S&P INTL ENERGY SECTOR ETP 78463X715 1,212 68,981 SH   DFND   68,981 0 0
SPDR S&P EMERGING MKTS SMALL ETP 78463X756 1,324 33,629 SH   DFND   33,629 0 0
SPDR S&P INTERNATIONAL MID ETP 78463X764 274 9,625 SH   DFND   9,625 0 0
SPDR S&P INTER DVD ETF ETP 78463X772 408 11,605 SH   DFND   11,605 0 0
SPDR S&P BRIC 40 ETF ETP 78463X798 302 15,751 SH   DFND   15,751 0 0
SPDR S&P EMERGING MIDDLE EAS ETP 78463X806 207 3,696 SH   DFND   3,696 0 0
SPDR RUSSELL/NOMURA S/C JPN ETP 78463X822 812 14,871 SH   DFND   14,871 0 0
SPDR RUSSELL/NOMURA PR JAPAN ETP 78463X830 2,127 48,106 SH   DFND   48,106 0 0
SPDR MSCI ACWI EX-US ETP 78463X848 3,365 110,518 SH   DFND   110,518 0 0
SPDR S&P GLOBAL INFRASTRUCTU ETP 78463X855 232 4,960 SH   DFND   4,960 0 0
SPDR DJ INTERNATIONAL REAL E ETP 78463X863 17,205 415,078 SH   DFND   415,078 0 0
SPDR S&P WORLD EX-US ETF ETP 78463X889 1,739 69,743 SH   DFND   69,743 0 0
SPDR S&P REGIONAL BANKING ETP 78464A698 230 6,000 SH   DFND   6,000 0 0
SPDR GLOBAL DOW ETF ETP 78464A706 2,940 45,973 SH   DFND   45,973 0 0
SPDR DOUBLELINE TR TACT ETF ETP 78467V848 275 5,500 SH   DFND   5,500 0 0
SANDSTORM GOLD LTD Common Stock 80013R206 208 46,665 SH   DFND   46,665 0 0
SCHWAB EMERGING MARKETS EQUI ETP 808524706 2,673 125,537 SH   DFND   125,537 0 0
SCHWAB FUNDAMENTAL INTL L/C ETP 808524755 1,025 43,190 SH   DFND   43,190 0 0
SCHWAB INTL SMALL-CAP EQUITY ETP 808524888 1,541 53,513 SH   DFND   53,513 0 0
CONSUMER DISCRETIONARY SELT ETP 81369Y407 272 3,482 SH   DFND   3,482 0 0
INDUSTRIAL SELECT SECT SPDR ETP 81369Y704 308 5,500 SH   DFND   5,500 0 0
SHINHAN FINANCIAL GROUP-ADR ADR 824596100 944 28,845 SH   DFND   28,845 0 0
SHIRE PLC-ADR ADR 82481R106 59,175 321,464 SH   DFND   321,464 0 0
SIBANYE GOLD- SPON ADR ADR 825724206 1,806 132,623 SH   DFND   132,623 0 0
SILICONWARE PRECISION-SP ADR ADR 827084864 1,621 211,569 SH   DFND   211,569 0 0
SONY CORP-SPONSORED ADR ADR 835699307 474 16,146 SH   DFND   16,146 0 0
STATOIL ASA-SPON ADR ADR 85771P102 7,223 417,277 SH   DFND   417,277 0 0
STMICROELECTRONICS NV-NY SHS NY Reg Shrs 861012102 674 114,347 SH   DFND   114,347 0 0
SUMITOMO MITSUI-SPONS ADR ADR 86562M209 661 115,479 SH   DFND   115,479 0 0
ELEMENTS ROGERS AGRI TOT RET ETP 870297603 455 69,256 SH   DFND   69,256 0 0
ELEMENTS ROGERS TOTAL RETURN ETP 870297801 124 24,327 SH   DFND   24,327 0 0
TAIWAN SEMICONDUCTOR-SP ADR ADR 874039100 769 29,321 SH   DFND   29,321 0 0
TELECOM ITALIA SPA-SPON ADR ADR 87927Y102 214 26,206 SH   DFND   26,206 0 0
TENARIS SA-ADR ADR 88031M109 19,964 692,226 SH   DFND   692,226 0 0
TEVA PHARMACEUTICAL-SP ADR ADR 881624209 1,114 22,181 SH   DFND   22,181 0 0
TEUCRIUM SUGAR FUND ETP 88166A409 149 11,494 SH   DFND   11,494 0 0
TOYOTA MOTOR CORP -SPON ADR ADR 892331307 2,177 21,772 SH   DFND   21,772 0 0
TURKCELL ILETISIM HIZMET-ADR ADR 900111204 183 19,952 SH   DFND   19,952 0 0
UNILEVER PLC-SPONSORED ADR ADR 904767704 6,600 137,761 SH   DFND   137,761 0 0
UNITED STATES 12 MONTH OIL ETP 91288V103 968 50,029 SH   DFND   50,029 0 0
VANECK VECTORS GOLD MINERS E ETP 92189F106 48,933 1,765,886 SH   DFND   1,765,886 0 0
VANECK VECTORS CHINAAMC SME- ETP 92189F627 360 10,689 SH   DFND   10,689 0 0
VANECK VECTORS RUSSIA SMALL- ETP 92189F734 441 16,433 SH   DFND   16,433 0 0
VANECK VECTORS CHINAAMC CSI ETP 92189F759 1,825 49,266 SH   DFND   49,266 0 0
VANECK VECTORS INDIA SMALL-C ETP 92189F767 965 22,772 SH   DFND   22,772 0 0
VANECK VECTORS VIETNAM ETF ETP 92189F817 1,229 84,035 SH   DFND   84,035 0 0
VANECK VECTORS BRAZIL SMALL- ETP 92189F825 1,765 117,690 SH   DFND   117,690 0 0
VANECK VECTORS INDONESIA IND ETP 92189F833 5,129 234,967 SH   DFND   234,967 0 0
VANECK VECTORS NATURAL RESOU ETP 92189F841 3,486 114,161 SH   DFND   114,161 0 0
VANECK VECTORS GULF STATES I ETP 92189F858 430 19,976 SH   DFND   19,976 0 0
VANGUARD TOTAL INTL STOCK ETP 921909768 34,318 771,533 SH   DFND   771,533 0 0
VANGUARD FTSE ALL WO X-US SC ETP 922042718 1,930 20,728 SH   DFND   20,728 0 0
VANGUARD TOT WORLD STK ETF ETP 922042742 1,438 24,759 SH   DFND   24,759 0 0
VANGUARD FTSE PACIFIC ETF ETP 922042866 8,224 147,577 SH   DFND   147,577 0 0
VANGUARD FTSE EUROPE ETF ETP 922042874 14,305 306,589 SH   DFND   306,589 0 0
VANGUARD GROWTH ETF ETP 922908736 377 3,521 SH   DFND   3,521 0 0
WESTPAC BANKING CORP-SP ADR ADR 961214301 1,139 51,564 SH   DFND   51,564 0 0
WISDOMTREE EMERGING MARKETS ETP 97717W315 5,383 151,963 SH   DFND   151,963 0 0
WISDOMTREE UNITED KINGDOM ETP 97717W349 540 21,458 SH   DFND   21,458 0 0
WISDOM TREE KOREA HEDGED EQU ETP 97717W372 534 26,285 SH   DFND   26,285 0 0
WISDOMTREE INDIA EARNINGS ETP 97717W422 246 12,189 SH   DFND   12,189 0 0
WISDOMTREE GERMANY HEDGED EQ ETP 97717W448 852 35,025 SH   DFND   35,025 0 0
WISDOMTREE JPN HDG FINANCIAL ETP 97717W463 586 35,469 SH   DFND   35,469 0 0
WISDOMTREE JAPAN HEDGED SMAL ETP 97717W521 1,215 42,699 SH   DFND   42,699 0 0
WISDOMTREE INTERNATIONAL EQU ETP 97717W703 265 5,919 SH   DFND   5,919 0 0
WISDOMTREE INTL S/C DVD FUND ETP 97717W760 355 6,322 SH   DFND   6,322 0 0
WISDOMTREE INTL M/C DVD FUND ETP 97717W778 1,127 21,508 SH   DFND   21,508 0 0
WISDOMTREE INTL L/C DVD FUND ETP 97717W794 981 23,700 SH   DFND   23,700 0 0
WISDOMTREE INTERNATIONAL HIG ETP 97717W802 2,315 63,556 SH   DFND   63,556 0 0
WISDOMTREE ASIA-PACIFIC EX-J ETP 97717W828 1,139 19,804 SH   DFND   19,804 0 0
WISDOMTREE GLOBAL EX-US QUAL ETP 97717W844 2,692 56,997 SH   DFND   56,997 0 0
WISDOMTREE DY CUR HDG SCP EQ ETP 97717X271 334 13,400 SH   DFND   13,400 0 0
WISDOMTREE MIDDLE EAST DVD ETP 97717X305 968 59,108 SH   DFND   59,108 0 0
WISDOMTREE EUROPE HEDG SM EQ ETP 97717X552 388 16,865 SH   DFND   16,865 0 0
WISDOMTREE INTERNATIONAL HED ETP 97717X594 554 21,580 SH   DFND   21,580 0 0
WISDOMTREE EUROPE HEDGED EQU ETP 97717X701 14,969 296,243 SH   DFND   296,243 0 0
WISDOMTREE CONTINUOUS COMMOD ETP 97718W108 236 11,528 SH   DFND   11,528 0 0
YANZHOU COAL MINING-SP ADR ADR 984846105 118 18,916 SH   DFND   18,916 0 0