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
3M CO COM 88579Y101 9,361 69,000 SH   DFND 1 69,000 0 0
ABBOTT LABORATORIES COM 002824100 6,548 170,000 SH   DFND 1 170,000 0 0
ABBVIE INC COM 00287Y109 12,593 245,000 SH   DFND 1 245,000 0 0
ACCENTURE PLC CL A COM G1151C101 16,343 205,000 SH   DFND 1 205,000 0 0
ACE LTD COM H0023R105 3,566 36,000 SH   DFND 1 36,000 0 0
ACTAVIS PLC COM G0083B108 9,886 48,000 SH   DFND 1 48,000 0 0
ACTIVISION BLIZZARD INC COM 00507V109 1,431 70,000 SH   DFND 1 70,000 0 0
ADOBE SYSTEMS INC COM 00724F101 3,616 55,000 SH   DFND 1 55,000 0 0
AETNA INC COM 00817Y108 3,074 41,000 SH   DFND 1 41,000 0 0
AIR PRODUCTS + CHEMICALS COM 009158106 2,619 22,000 SH   DFND 1 22,000 0 0
AIRGAS INC COM 009363102 852 8,000 SH   DFND 1 8,000 0 0
ALLEGHENY TECHNOLOGIES IN COM 01741R102 7,534 200,000 SH   DFND 1 200,000 0 0
ALLERGAN INC COM 018490102 4,093 33,000 SH   DFND 1 33,000 0 0
ALLIANCE DATA SYSTEMS COR COM 018581108 1,635 6,000 SH   DFND 1 6,000 0 0
ALLSTATE CORP COM 020002101 2,773 49,000 SH   DFND 1 49,000 0 0
ALTERA CORP COM 021441100 1,377 38,000 SH   DFND 1 38,000 0 0
ALTRIA GROUP INC COM 02209S103 5,987 160,000 SH   DFND 1 160,000 0 0
AMAZON.COM INC COM 023135106 11,773 35,000 SH   DFND 1 35,000 0 0
AMBEV SA ADR ADR 02319V103 12,323 1,663,000 SH   DFND 1 1,663,000 0 0
AMERICA MOVIL ADR SERIES ADR 02364W204 11,886 600,000 SH   DFND 1 600,000 0 0
AMERICA MOVIL ADR SERIES ADR 02364W105 4,021 202,448 SH   DFND 1 202,448 0 0
AMERICAN EAGLE OUTFITTERS COM 02553E106 245 20,000 SH   DFND 1 20,000 0 0
AMERICAN ELECTRIC POWER COM 025537101 2,533 50,000 SH   DFND 1 50,000 0 0
AMERICAN EXPRESS CO COM 025816109 9,093 101,000 SH   DFND 1 101,000 0 0
AMERICAN INTERNATIONAL GR COM 026874784 3,001 60,000 SH   DFND 1 60,000 0 0
AMERICAN TOWER CORP ADR 03027X100 9,088 111,000 SH   DFND 1 111,000 0 0
AMERISOURCEBERGEN CORP COM 03073E105 1,508 23,000 SH   DFND 1 23,000 0 0
AMGEN INC COM 031162100 9,621 78,000 SH   DFND 1 78,000 0 0
ANADARKO PETROLEUM CORP COM 032511107 4,238 50,000 SH   DFND 1 50,000 0 0
ANALOG DEVICES INC COM 032654105 1,860 35,000 SH   DFND 1 35,000 0 0
AON PLC COM G0408V102 2,697 32,000 SH   DFND 1 32,000 0 0
APACHE CORP COM 037411105 3,318 40,000 SH   DFND 1 40,000 0 0
APPLE INC COM 037833100 52,585 98,000 SH   DFND 1 98,000 0 0
APPLIED MATERIALS INC COM 038222105 6,633 325,000 SH   DFND 1 325,000 0 0
AT+T INC COM 00206R102 17,535 500,000 SH   DFND 1 500,000 0 0
AUTODESK INC COM 052769106 4,525 92,000 SH   DFND 1 92,000 0 0
AUTOMATIC DATA PROCESSING COM 053015103 3,785 49,000 SH   DFND 1 49,000 0 0
AUTONATION INC COM 05329W102 4,151 78,000 SH   DFND 1 78,000 0 0
AUTOZONE INC COM 053332102 7,783 14,500 SH   DFND 1 14,500 0 0
AVAGO TECHNOLOGIES LTD COM Y0486S104 1,867 29,000 SH   DFND 1 29,000 0 0
AVALONBAY COMMUNITIES INC ADR 053484101 1,969 15,000 SH   DFND 1 15,000 0 0
BAIDU INC SPON ADR ADR 056752108 7,618 50,000 SH   DFND 1 50,000 0 0
BAKER HUGHES INC COM 057224107 3,511 54,000 SH   DFND 1 54,000 0 0
BANCO BRADESCO ADR ADR 059460303 23,222 1,698,755 SH   DFND 1 1,698,755 0 0
BANK OF AMERICA CORP COM 060505104 19,361 1,125,000 SH   DFND 1 1,125,000 0 0
BANK OF NEW YORK MELLON C COM 064058100 14,818 420,000 SH   DFND 1 420,000 0 0
BAXTER INTERNATIONAL INC COM 071813109 4,488 61,000 SH   DFND 1 61,000 0 0
BB+T CORP COM 054937107 3,134 78,000 SH   DFND 1 78,000 0 0
BECTON DICKINSON AND CO COM 075887109 8,312 71,000 SH   DFND 1 71,000 0 0
BERKSHIRE HATHAWAY INC CL COM 084670702 24,986 200,000 SH   DFND 1 200,000 0 0
BIOGEN IDEC INC COM 09062X103 4,585 15,000 SH   DFND 1 15,000 0 0
BLACKROCK INC COM 09247X101 4,404 14,000 SH   DFND 1 14,000 0 0
BOEING CO/THE COM 097023105 6,149 49,000 SH   DFND 1 49,000 0 0
BOISE CASCADE CO DEL COM 09739D100 1,361 47,538 SH   SOLE   47,538 0 0
BOSTON PROPERTIES INC ADR 101121101 1,947 17,000 SH   DFND 1 17,000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 9,609 185,000 SH   DFND 1 185,000 0 0
BROADCOM CORP CL A COM 111320107 3,147 100,000 SH   DFND 1 100,000 0 0
BROWN FORMAN CORP CLASS B COM 115637209 14,533 162,000 SH   DFND 1 162,000 0 0
CAMERON INTERNATIONAL COR COM 13342B105 5,558 90,000 SH   DFND 1 90,000 0 0
CAMPBELL SOUP CO COM 134429109 987 22,000 SH   DFND 1 22,000 0 0
CAPITAL ONE FINANCIAL COR COM 14040H105 9,335 121,000 SH   DFND 1 121,000 0 0
CARDINAL HEALTH INC COM 14149Y108 11,687 167,000 SH   DFND 1 167,000 0 0
CATERPILLAR INC COM 149123101 7,056 71,000 SH   DFND 1 71,000 0 0
CBS CORP CLASS B NON VOTI COM 124857202 7,354 119,000 SH   DFND 1 119,000 0 0
CELGENE CORP COM 151020104 2,094 15,000 SH   DFND 1 15,000 0 0
CEMEX SAB SPONS ADR PART ADR 151290889 7,928 628,236 SH   DFND 1 628,236 0 0
CENTURYLINK INC COM 156700106 2,135 65,000 SH   DFND 1 65,000 0 0
CERNER CORP COM 156782104 1,687 30,000 SH   DFND 1 30,000 0 0
CHEVRON CORP COM 166764100 25,088 211,000 SH   DFND 1 211,000 0 0
CHUBB CORP COM 171232101 2,322 26,000 SH   DFND 1 26,000 0 0
CHURCH + DWIGHT CO INC COM 171340102 13,315 193,000 SH   DFND 1 193,000 0 0
CIA SIDERURGICA NACL SP A ADR 20440W105 284 65,400 SH   DFND 1 65,400 0 0
CINTAS CORP COM 172908105 7,748 130,000 SH   DFND 1 130,000 0 0
CISCO SYSTEMS INC COM 17275R102 13,043 582,000 SH   DFND 1 582,000 0 0
CITIGROUP INC COM 172967424 19,036 400,000 SH   DFND 1 400,000 0 0
CME GROUP INC COM 12572Q105 4,441 60,000 SH   SOLE   60,000 0 0
COCA COLA CO/THE COM 191216100 16,620 430,000 SH   DFND 1 430,000 0 0
COCA COLA ENTERPRISES COM 19122T109 1,385 29,000 SH   DFND 1 29,000 0 0
COGNIZANT TECH SOLUTIONS COM 192446102 3,542 70,000 SH   DFND 1 70,000 0 0
COLGATE PALMOLIVE CO COM 194162103 5,773 89,000 SH   DFND 1 89,000 0 0
COMCAST CORP CLASS A COM 20030N101 13,255 265,000 SH   DFND 1 265,000 0 0
CONOCOPHILLIPS COM 20825C104 8,441 120,000 SH   DFND 1 120,000 0 0
CONSTELLATION BRANDS INC COM 21036P108 9,687 114,000 SH   DFND 1 114,000 0 0
CORNING INC COM 219350105 12,596 605,000 SH   DFND 1 605,000 0 0
COSTCO WHOLESALE CORP COM 22160K105 5,360 48,000 SH   DFND 1 48,000 0 0
COVIDIEN PLC COM G2554F113 16,940 230,000 SH   DFND 1 230,000 0 0
CREDICORP LTD COM G2519Y108 9,620 70,010 SH   DFND 1 70,010 0 0
CROWN CASTLE INTL CORP ADR 228227104 8,485 115,000 SH   DFND 1 115,000 0 0
CSX CORP COM 126408103 3,042 105,000 SH   DFND 1 105,000 0 0
CVS CAREMARK CORP COM 126650100 10,858 145,000 SH   DFND 1 145,000 0 0
DANAHER CORP COM 235851102 4,574 61,000 SH   DFND 1 61,000 0 0
DEERE + CO COM 244199105 8,989 99,000 SH   DFND 1 99,000 0 0
DELPHI AUTOMOTIVE PLC COM G27823106 2,443 36,000 SH   DFND 1 36,000 0 0
DELTA AIR LINES INC COM 247361702 13,860 400,000 SH   DFND 1 400,000 0 0
DEVON ENERGY CORPORATION COM 25179M103 12,447 186,000 SH   DFND 1 186,000 0 0
DIRECTV COM 25490A309 4,279 56,000 SH   DFND 1 56,000 0 0
DISCOVER FINANCIAL SERVIC COM 254709108 8,845 152,000 SH   DFND 1 152,000 0 0
DISH NETWORK CORP A COM 25470M109 1,493 24,000 SH   DFND 1 24,000 0 0
DOMINION RESOURCES INC/VA COM 25746U109 4,543 64,000 SH   DFND 1 64,000 0 0
DOW CHEMICAL CO/THE COM 260543103 12,342 254,000 SH   DFND 1 254,000 0 0
DR PEPPER SNAPPLE GROUP I COM 26138E109 5,063 93,000 SH   DFND 1 93,000 0 0
DU PONT (E.I.) DE NEMOURS COM 263534109 6,375 95,000 SH   DFND 1 95,000 0 0
DUKE ENERGY CORP COM 26441C204 12,816 180,000 SH   DFND 1 180,000 0 0
EASTMAN CHEMICAL CO COM 277432100 1,552 18,000 SH   DFND 1 18,000 0 0
EATON CORP PLC COM G29183103 3,680 49,000 SH   DFND 1 49,000 0 0
EBAY INC COM 278642103 11,046 200,000 SH   DFND 1 200,000 0 0
ECOLAB INC COM 278865100 9,069 84,000 SH   DFND 1 84,000 0 0
EDISON INTERNATIONAL COM 281020107 4,188 74,000 SH   DFND 1 74,000 0 0
ELECTRONIC ARTS INC COM 285512109 870 30,000 SH   DFND 1 30,000 0 0
ELI LILLY + CO COM 532457108 10,183 173,000 SH   DFND 1 173,000 0 0
EMC CORP/MA COM 268648102 6,195 226,000 SH   DFND 1 226,000 0 0
EMERSON ELECTRIC CO COM 291011104 4,943 74,000 SH   DFND 1 74,000 0 0
EOG RESOURCES INC COM 26875P101 5,689 29,000 SH   DFND 1 29,000 0 0
EQUITY RESIDENTIAL ADR 29476L107 2,378 41,000 SH   DFND 1 41,000 0 0
EXELON CORP COM 30161N101 3,222 96,000 SH   DFND 1 96,000 0 0
EXPRESS SCRIPTS HOLDING C COM 30219G108 6,758 90,000 SH   DFND 1 90,000 0 0
EXXON MOBIL CORP COM 30231G102 47,863 490,000 SH   DFND 1 490,000 0 0
FACEBOOK INC A COM 30303M102 9,155 152,000 SH   DFND 1 152,000 0 0
FEDEX CORP COM 31428X106 4,509 34,000 SH   DFND 1 34,000 0 0
FIBRIA CELULOSE SA SPON A ADR 31573A109 2,297 207,704 SH   DFND 1 207,704 0 0
FISERV INC COM 337738108 1,474 26,000 SH   DFND 1 26,000 0 0
FLOWSERVE CORP COM 34354P105 6,971 89,000 SH   DFND 1 89,000 0 0
FOMENTO ECONOMICO MEX SP ADR 344419106 10,376 111,300 SH   DFND 1 111,300 0 0
FORD MOTOR CO COM 345370860 6,158 395,000 SH   DFND 1 395,000 0 0
FOSTER WHEELER AG COM H27178104 6,482 200,000 SH   DFND 1 200,000 0 0
FREEPORT MCMORAN COPPER W COM 35671D857 3,637 110,000 SH   DFND 1 110,000 0 0
GENERAL DYNAMICS CORP COM 369550108 7,842 72,000 SH   DFND 1 72,000 0 0
GENERAL ELECTRIC CO COM 369604103 30,550 1,180,000 SH   DFND 1 1,180,000 0 0
GENERAL MILLS INC COM 370334104 3,731 72,000 SH   DFND 1 72,000 0 0
GENERAL MOTORS CO COM 37045V100 3,270 95,000 SH   DFND 1 95,000 0 0
GILEAD SCIENCES INC COM 375558103 12,751 180,000 SH   DFND 1 180,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 6,552 40,000 SH   DFND 1 40,000 0 0
GOOGLE INC CL A COM 38259P508 34,550 31,000 SH   DFND 1 31,000 0 0
GRUPO TELEVISA SA SPON AD ADR 40049J206 5,162 155,050 SH   DFND 1 155,050 0 0
HALLIBURTON CO COM 406216101 5,771 98,000 SH   DFND 1 98,000 0 0
HARLEY DAVIDSON INC COM 412822108 1,665 25,000 SH   DFND 1 25,000 0 0
HARTFORD FINANCIAL SVCS G COM 416515104 1,764 50,000 SH   DFND 1 50,000 0 0
HERSHEY CO/THE COM 427866108 1,670 16,000 SH   DFND 1 16,000 0 0
HESS CORP COM 42809H107 2,735 33,000 SH   DFND 1 33,000 0 0
HEWLETT PACKARD CO COM 428236103 6,794 210,000 SH   DFND 1 210,000 0 0
HOME DEPOT INC COM 437076102 11,474 145,000 SH   DFND 1 145,000 0 0
HOMEAWAY INC COM 43739Q100 1,018 27,028 SH   SOLE   27,028 0 0
HONEYWELL INTERNATIONAL I COM 438516106 13,914 150,000 SH   DFND 1 150,000 0 0
HOST HOTELS + RESORTS INC ADR 44107P104 1,618 80,000 SH   DFND 1 80,000 0 0
ILLUMINA INC COM 452327109 2,081 14,000 SH   DFND 1 14,000 0 0
INTEL CORP COM 458140100 14,196 550,000 SH   DFND 1 550,000 0 0
INTERNATIONAL PAPER CO COM 460146103 5,827 127,000 SH   DFND 1 127,000 0 0
INTL BUSINESS MACHINES CO COM 459200101 22,547 117,000 SH   DFND 1 117,000 0 0
INTUIT INC COM 461202103 2,332 30,000 SH   DFND 1 30,000 0 0
ITAU UNIBANCO HLDNG PREF ADR 465562106 21,185 1,425,625 SH   DFND 1 1,425,625 0 0
JOHNSON + JOHNSON COM 478160104 30,451 310,000 SH   DFND 1 310,000 0 0
JOHNSON CONTROLS INC COM 478366107 3,218 68,000 SH   DFND 1 68,000 0 0
JOY GLOBAL INC COM 481165108 3,654 63,000 SH   DFND 1 63,000 0 0
JPMORGAN CHASE + CO COM 46625H100 33,087 545,000 SH   DFND 1 545,000 0 0
KEYCORP COM 493267108 3,418 240,000 SH   DFND 1 240,000 0 0
KIMBERLY CLARK CORP COM 494368103 4,190 38,000 SH   DFND 1 38,000 0 0
KINDER MORGAN INC ADR 49456B119 336 192,000 SH   DFND 1 192,000 0 0
KRAFT FOODS GROUP INC COM 50076Q106 3,646 65,000 SH   DFND 1 65,000 0 0
LAS VEGAS SANDS CORP COM 517834107 12,762 158,000 SH   DFND 1 158,000 0 0
LENNAR CORP A COM 526057104 7,722 195,000 SH   DFND 1 195,000 0 0
LINCOLN NATIONAL CORP COM 534187109 2,534 50,000 SH   DFND 1 50,000 0 0
LOCKHEED MARTIN CORP COM 539830109 9,467 58,000 SH   DFND 1 58,000 0 0
LOWE S COS INC COM 548661107 2,938 60,000 SH   DFND 1 60,000 0 0
LYONDELLBASELL INDU CL A COM N53745100 10,317 116,000 SH   DFND 1 116,000 0 0
MACY S INC COM 55616P104 11,860 200,000 SH   DFND 1 200,000 0 0
MARATHON OIL CORP COM 565849106 2,735 77,000 SH   DFND 1 77,000 0 0
MARATHON PETROLEUM CORP COM 56585A102 2,786 32,000 SH   DFND 1 32,000 0 0
MARKETO INC COM 57063L107 372 11,391 SH   SOLE   11,391 0 0
MARRIOTT INTERNATIONAL C COM 571903202 5,490 98,000 SH   DFND 1 98,000 0 0
MASTERCARD INC CLASS A COM 57636Q104 8,217 110,000 SH   DFND 1 110,000 0 0
MCDONALD S CORP COM 580135101 10,294 105,000 SH   DFND 1 105,000 0 0
MCGRAW HILL FINANCIAL INC COM 580645109 2,057 27,000 SH   DFND 1 27,000 0 0
MCKESSON CORP COM 58155Q103 4,238 24,000 SH   DFND 1 24,000 0 0
MEDTRONIC INC COM 585055106 6,769 110,000 SH   DFND 1 110,000 0 0
MELCO CROWN ENTERTAINME A ADR 585464100 12,133 314,000 SH   DFND 1 314,000 0 0
MERCK + CO. INC. COM 58933Y105 18,059 318,000 SH   DFND 1 318,000 0 0
METLIFE INC COM 59156R108 4,753 90,000 SH   DFND 1 90,000 0 0
MICHAEL KORS HOLDINGS LTD COM G60754101 1,958 21,000 SH   DFND 1 21,000 0 0
MICRON TECHNOLOGY INC COM 595112103 5,392 228,000 SH   DFND 1 228,000 0 0
MICROSOFT CORP COM 594918104 43,040 1,050,000 SH   DFND 1 1,050,000 0 0
MONDELEZ INTERNATIONAL IN COM 609207105 6,392 185,000 SH   DFND 1 185,000 0 0
MONSANTO CO COM 61166W101 15,018 132,000 SH   DFND 1 132,000 0 0
MOODY S CORP COM 615369105 1,982 25,000 SH   DFND 1 25,000 0 0
MORGAN STANLEY COM 617446448 4,362 140,000 SH   DFND 1 140,000 0 0
MYLAN INC COM 628530107 2,099 43,000 SH   DFND 1 43,000 0 0
NABORS INDUSTRIES LTD COM G6359F103 8,011 325,000 SH   DFND 1 325,000 0 0
NATIONAL OILWELL VARCO IN COM 637071101 8,957 115,000 SH   DFND 1 115,000 0 0
NEW ORIENTAL EDUCATIO SP ADR 647581107 7,159 244,000 SH   DFND 1 244,000 0 0
NEWMONT MINING CORP COM 651639106 1,289 55,000 SH   DFND 1 55,000 0 0
NEWS CORP CLASS A COM 65249B109 861 50,000 SH   DFND 1 50,000 0 0
NEXTERA ENERGY INC COM 65339F101 4,303 45,000 SH   DFND 1 45,000 0 0
NIELSEN HOLDINGS NV COM N63218106 1,116 25,000 SH   DFND 1 25,000 0 0
NIKE INC CL B COM 654106103 4,505 61,000 SH   DFND 1 61,000 0 0
NOBLE ENERGY INC COM 655044105 2,770 39,000 SH   DFND 1 39,000 0 0
NORFOLK SOUTHERN CORP COM 655844108 3,109 32,000 SH   DFND 1 32,000 0 0
NORTHERN TRUST CORP COM 665859104 9,833 150,000 SH   DFND 1 150,000 0 0
NORTHROP GRUMMAN CORP COM 666807102 2,715 22,000 SH   DFND 1 22,000 0 0
NVIDIA CORP COM 67066G104 1,075 60,000 SH   DFND 1 60,000 0 0
O REILLY AUTOMOTIVE INC COM 67103H107 1,929 13,000 SH   DFND 1 13,000 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 7,814 82,000 SH   DFND 1 82,000 0 0
OI SA ADR ADR 670851104 38 26,930 SH   DFND 1 26,930 0 0
OI SA ADR ADR 670851203 2,064 1,552,066 SH   DFND 1 1,552,066 0 0
OMNICOM GROUP COM 681919106 5,589 77,000 SH   DFND 1 77,000 0 0
ORACLE CORP COM 68389X105 19,690 480,000 SH   DFND 1 480,000 0 0
P G + E CORP COM 69331C108 2,074 48,000 SH   DFND 1 48,000 0 0
PENTAIR LTD REGISTERED COM H6169Q108 1,746 22,000 SH   DFND 1 22,000 0 0
PEPSICO INC COM 713448108 13,277 159,000 SH   DFND 1 159,000 0 0
PETROLEO BRASILEIRO S.A. ADR 71654V408 6,430 489,000 SH   DFND 1 489,000 0 0
PETROLEO BRASILEIRO SPON ADR 71654V101 2,081 150,127 SH   DFND 1 150,127 0 0
PFIZER INC COM 717081103 31,156 970,000 SH   DFND 1 970,000 0 0
PHILIP MORRIS INTERNATION COM 718172109 11,871 145,000 SH   DFND 1 145,000 0 0
PHILLIPS 66 COM 718546104 4,855 63,000 SH   DFND 1 63,000 0 0
PIONEER NATURAL RESOURCES COM 723787107 2,808 15,000 SH   DFND 1 15,000 0 0
PLUM CREEK TIMBER CO ADR 729251108 841 20,000 SH   DFND 1 20,000 0 0
PNC FINANCIAL SERVICES GR COM 693475105 6,960 80,000 SH   DFND 1 80,000 0 0
PPG INDUSTRIES INC COM 693506107 3,290 17,000 SH   DFND 1 17,000 0 0
PPL CORPORATION COM 69351T106 6,129 185,000 SH   DFND 1 185,000 0 0
PRAXAIR INC COM 74005P104 3,929 30,000 SH   DFND 1 30,000 0 0
PRECISION CASTPARTS CORP COM 740189105 3,790 15,000 SH   DFND 1 15,000 0 0
PRICELINE GROUP INC/THE COM 741503403 7,147 6,000 SH   DFND 1 6,000 0 0
PRINCIPAL FINANCIAL GROUP COM 74251V102 1,472 32,000 SH   DFND 1 32,000 0 0
PROCTER + GAMBLE CO/THE COM 742718109 20,956 260,000 SH   DFND 1 260,000 0 0
PRUDENTIAL FINANCIAL INC COM 744320102 4,063 48,000 SH   DFND 1 48,000 0 0
PUBLIC SERVICE ENTERPRISE COM 744573106 12,208 320,000 SH   DFND 1 320,000 0 0
PUBLIC STORAGE ADR 74460D109 2,527 15,000 SH   DFND 1 15,000 0 0
PVH CORP COM 693656100 7,736 62,000 SH   DFND 1 62,000 0 0
QUALCOMM INC COM 747525103 14,510 184,000 SH   DFND 1 184,000 0 0
RAYTHEON COMPANY COM 755111507 3,557 36,000 SH   DFND 1 36,000 0 0
RED HAT INC COM 756577102 1,112 21,000 SH   DFND 1 21,000 0 0
ROCKWELL AUTOMATION INC COM 773903109 1,993 16,000 SH   DFND 1 16,000 0 0
ROYAL CARIBBEAN CRUISES L COM V7780T103 4,800 88,000 SH   DFND 1 88,000 0 0
SALESFORCE.COM INC COM 79466L302 3,196 56,000 SH   DFND 1 56,000 0 0
SANDISK CORP COM 80004C101 2,273 28,000 SH   DFND 1 28,000 0 0
SBA COMMUNICATIONS CORP C COM 78388J106 1,273 14,000 SH   DFND 1 14,000 0 0
SCHLUMBERGER LTD COM 806857108 14,139 145,000 SH   DFND 1 145,000 0 0
SEAGATE TECHNOLOGY COM G7945M107 1,966 35,000 SH   DFND 1 35,000 0 0
SEALED AIR CORP COM 81211K100 5,424 165,000 SH   DFND 1 165,000 0 0
SIMON PROPERTY GROUP INC ADR 828806109 5,576 34,000 SH   DFND 1 34,000 0 0
SINA CORP COM G81477104 3,805 63,000 SH   DFND 1 63,000 0 0
SOUTHERN CO/THE COM 842587107 3,954 90,000 SH   DFND 1 90,000 0 0
SOUTHWESTERN ENERGY CO COM 845467109 1,610 35,000 SH   DFND 1 35,000 0 0
ST JUDE MEDICAL INC COM 790849103 2,223 34,000 SH   DFND 1 34,000 0 0
STARBUCKS CORP COM 855244109 5,723 78,000 SH   DFND 1 78,000 0 0
STARWOOD HOTELS + RESORTS COM 85590A401 13,850 174,000 SH   DFND 1 174,000 0 0
STATE STREET CORP COM 857477103 3,130 45,000 SH   DFND 1 45,000 0 0
STERICYCLE INC COM 858912108 7,039 62,000 SH   DFND 1 62,000 0 0
STRYKER CORP COM 863667101 2,281 28,000 SH   DFND 1 28,000 0 0
SYSCO CORP COM 871829107 7,951 220,000 SH   DFND 1 220,000 0 0
TARGET CORP COM 87612E106 4,235 70,000 SH   DFND 1 70,000 0 0
TD AMERITRADE HOLDING COR COM 87236Y108 849 25,000 SH   DFND 1 25,000 0 0
TE CONNECTIVITY LTD COM H84989104 2,770 46,000 SH   DFND 1 46,000 0 0
TEXAS INSTRUMENTS INC COM 882508104 5,894 125,000 SH   DFND 1 125,000 0 0
THERMO FISHER SCIENTIFIC COM 883556102 10,341 86,000 SH   DFND 1 86,000 0 0
TIME WARNER CABLE COM 88732J207 4,253 31,000 SH   DFND 1 31,000 0 0
TIME WARNER INC COM 887317303 6,532 100,000 SH   DFND 1 100,000 0 0
TJX COMPANIES INC COM 872540109 6,065 100,000 SH   DFND 1 100,000 0 0
TOLL BROTHERS INC COM 889478103 4,127 115,000 SH   DFND 1 115,000 0 0
TRAVELERS COS INC/THE COM 89417E109 3,489 41,000 SH   DFND 1 41,000 0 0
TWENTY FIRST CENTURY FOX COM 90130A101 5,114 160,000 SH   DFND 1 160,000 0 0
TYCO INTERNATIONAL LTD COM H89128104 2,120 50,000 SH   DFND 1 50,000 0 0
UNION PACIFIC CORP COM 907818108 9,384 50,000 SH   DFND 1 50,000 0 0
UNITED PARCEL SERVICE CL COM 911312106 18,991 195,000 SH   DFND 1 195,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 20,913 179,000 SH   DFND 1 179,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102 9,101 111,000 SH   DFND 1 111,000 0 0
US BANCORP COM 902973304 20,187 471,000 SH   DFND 1 471,000 0 0
VALE SA SP ADR ADR 91912E105 19,687 1,423,507 SH   DFND 1 1,423,507 0 0
VALERO ENERGY CORP COM 91913Y100 3,187 60,000 SH   DFND 1 60,000 0 0
VERIZON COMMUNICATIONS IN COM 92343V104 13,790 290,000 SH   DFND 1 290,000 0 0
VIACOM INC CLASS B COM 92553P201 3,740 44,000 SH   DFND 1 44,000 0 0
VISA INC CLASS A SHARES COM 92826C839 10,786 50,000 SH   DFND 1 50,000 0 0
VULCAN MATERIALS CO COM 929160109 6,643 100,000 SH   DFND 1 100,000 0 0
WAL MART STORES INC COM 931142103 13,605 178,000 SH   DFND 1 178,000 0 0
WALGREEN CO COM 931422109 6,471 98,000 SH   DFND 1 98,000 0 0
WALT DISNEY CO/THE COM 254687106 16,092 201,000 SH   DFND 1 201,000 0 0
WELLPOINT INC COM 94973V107 3,089 31,000 SH   DFND 1 31,000 0 0
WELLS FARGO + CO COM 949746101 28,501 573,000 SH   DFND 1 573,000 0 0
WESTERN DIGITAL CORP COM 958102105 4,224 46,000 SH   DFND 1 46,000 0 0
WEYERHAEUSER CO ADR 962166104 1,937 66,000 SH   DFND 1 66,000 0 0
WHITEWAVE FOODS CO CL A COM 966244105 11,412 400,000 SH   DFND 1 400,000 0 0
WILLIAMS COS INC COM 969457100 3,044 75,000 SH   DFND 1 75,000 0 0
WISCONSIN ENERGY CORP COM 976657106 11,028 237,000 SH   DFND 1 237,000 0 0
WYNN RESORTS LTD COM 983134107 1,999 9,000 SH   DFND 1 9,000 0 0
XILINX INC COM 983919101 1,628 30,000 SH   DFND 1 30,000 0 0
YUM BRANDS INC COM 988498101 5,655 75,000 SH   DFND 1 75,000 0 0
ZIMMER HOLDINGS INC COM 98956P102 11,351 120,000 SH   DFND 1 120,000 0 0