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 115,853 648,780 SH   DFND 1 648,780 0 0
ACTIVISION BLIZZARD INC COM 00507V109 90,556 2,507,768 SH   DFND 1 2,507,768 0 0
AGCO CORP COM 001084102 2,500 43,200 SH   SOLE   43,200 0 0
AIR PRODS & CHEMS INC COM 009158106 113,825 791,442 SH   DFND 1 791,442 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 7,822 70,386 SH   SOLE   70,386 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 36,678 417,693 SH   DFND 1 417,693 0 0
ALPHABET INC CAP STK CL C 02079K107 178,728 231,567 SH   DFND 1 231,567 0 0
ALTRIA GROUP INC COM 02209S103 32,289 477,509 SH   SOLE   477,509 0 0
AMAZON COM INC COM 023135106 171,581 228,814 SH   DFND 1 228,814 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 6,601 132,630 SH   SOLE   132,630 0 0
AMERICAN TOWER CORP NEW COM 03027X100 37,040 350,494 SH   DFND 1 350,494 0 0
AMERISOURCEBERGEN CORP COM 03073E105 135,876 1,737,770 SH   DFND 1 1,737,770 0 0
AMGEN INC COM 031162100 200,699 1,372,676 SH   DFND 1 1,372,676 0 0
ANADARKO PETE CORP COM 032511107 93,588 1,342,150 SH   SOLE   1,342,150 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 3,383 74,439 SH   SOLE   74,439 0 0
APPLE INC COM 037833100 46,621 402,533 SH   DFND 1 402,533 0 0
ARAMARK COM 03852U106 47,400 1,326,997 SH   SOLE   1,326,997 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 5,094 111,578 SH   DFND 1 111,578 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 45,961 447,180 SH   SOLE   447,180 0 0
AVALONBAY CMNTYS INC COM 053484101 14,671 82,814 SH   SOLE   82,814 0 0
BLACKROCK INC COM 09247X101 112,866 296,595 SH   DFND 1 296,595 0 0
BORGWARNER INC COM 099724106 2,384 60,448 SH   SOLE   60,448 0 0
BOSTON PROPERTIES INC COM 101121101 41,723 331,711 SH   SOLE   331,711 0 0
BRF SA SPONSORED ADR 10552T107 1,434 97,144 SH   SOLE   97,144 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 594 18,000 SH   SOLE   18,000 0 0
BUNGE LIMITED COM G16962105 3,840 53,160 SH   SOLE   53,160 0 0
CANADIAN PAC RY LTD COM 13645T100 121,472 850,821 SH   DFND 1 850,821 0 0
CARMAX INC COM 143130102 152,569 2,369,450 SH   DFND 1 2,369,450 0 0
CBRE GROUP INC CL A 12504L109 3,855 122,424 SH   SOLE   122,424 0 0
CINEMARK HOLDINGS INC COM 17243V102 51,614 1,345,526 SH   SOLE   1,345,526 0 0
CINTAS CORP COM 172908105 39,979 345,956 SH   SOLE   345,956 0 0
CITIGROUP INC COM NEW 172967424 62,920 1,058,725 SH   DFND 1 1,058,725 0 0
COLGATE PALMOLIVE CO COM 194162103 205,224 3,136,070 SH   DFND 1 3,136,070 0 0
COSTCO WHSL CORP NEW COM 22160K105 181,274 1,132,184 SH   DFND 1 1,132,184 0 0
CREDICORP LTD COM G2519Y108 55,789 353,410 SH   SOLE   353,410 0 0
DISNEY WALT CO COM DISNEY 254687106 133,453 1,280,495 SH   DFND 1 1,280,495 0 0
DOUGLAS EMMETT INC COM 25960P109 1,888 51,647 SH   SOLE   51,647 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 76,113 980,587 SH   SOLE   980,587 0 0
EAST WEST BANCORP INC COM 27579R104 5,252 103,334 SH   SOLE   103,334 0 0
ECOLAB INC COM 278865100 136,849 1,167,452 SH   DFND 1 1,167,452 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 36,218 1,881,461 SH   DFND 1 1,881,461 0 0
EQUINIX INC COM PAR $0.001 29444U700 197,174 551,674 SH   DFND 1 551,674 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 10,230 158,943 SH   SOLE   158,943 0 0
ESSEX PPTY TR INC COM 297178105 12,644 54,384 SH   SOLE   54,384 0 0
FACEBOOK INC CL A 30303M102 64,104 557,185 SH   DFND 1 557,185 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 3,683 25,914 SH   SOLE   25,914 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 68,433 742,709 SH   SOLE   742,709 0 0
GENERAL ELECTRIC CO COM 369604103 1,672 52,921 SH   DFND 1 52,921 0 0
HALLIBURTON CO COM 406216101 45,960 849,691 SH   SOLE   849,691 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 87,189 1,829,771 SH   DFND 1 1,829,771 0 0
HCP INC COM 40414L109 1,566 52,696 SH   SOLE   52,696 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 859 14,154 SH   SOLE   14,154 0 0
HOME DEPOT INC COM 437076102 131,182 978,383 SH   DFND 1 978,383 0 0
HOST HOTELS & RESORTS INC COM 44107P104 4,813 255,441 SH   SOLE   255,441 0 0
ICICI BK LTD ADR 45104G104 44,781 5,978,785 SH   SOLE   5,978,785 0 0
INDUSTRIAS BACHOCO S A B DE SPON ADR B 456463108 2,255 46,000 SH   SOLE   46,000 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 41,893 355,536 SH   SOLE   355,536 0 0
INTL PAPER CO COM 460146103 2,042 38,490 SH   SOLE   38,490 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602 6,836 10,779 SH   SOLE   10,779 0 0
ISHARES TR 1-3 YR CR BD ETF 464288646 1,543 14,700 SH   SOLE   14,700 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 2,546 30,150 SH   SOLE   30,150 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 2,595 74,776 SH   SOLE   74,776 0 0
ISHARES TR CORE US AGGBD ET 464287226 4,212 38,975 SH   DFND 1 38,975 0 0
ISHARES TR FLTG RATE BD ETF 46429B655 1,268 25,000 SH   SOLE   25,000 0 0
ISHARES TR IBOXX INV CP ETF 464287242 4,348 37,106 SH   DFND 1 37,106 0 0
ISHARES TR MSCI ACWI ETF 464288257 80,417 1,359,083 SH   DFND 1 1,359,083 0 0
ISHARES TR MSCI INDIA ETF 46429B598 21,961 819,147 SH   SOLE   819,147 0 0
ISHARES TR TIPS BD ETF 464287176 1,400 12,370 SH   SOLE   12,370 0 0
JPMORGAN CHASE & CO COM 46625H100 297,275 3,445,065 SH   DFND 1 3,445,065 0 0
KAR AUCTION SVCS INC COM 48238T109 75,161 1,763,510 SH   DFND 1 1,763,510 0 0
KILROY RLTY CORP COM 49427F108 7,483 102,205 SH   SOLE   102,205 0 0
KIMBERLY CLARK CORP COM 494368103 107,849 945,052 SH   DFND 1 945,052 0 0
KIMCO RLTY CORP COM 49446R109 3,771 149,878 SH   SOLE   149,878 0 0
KOREA ELECTRIC PWR SPONSORED ADR 500631106 272 14,710 SH   SOLE   14,710 0 0
LEGGETT & PLATT INC COM 524660107 24,466 500,522 SH   SOLE   500,522 0 0
LOCKHEED MARTIN CORP COM 539830109 114,768 459,181 SH   SOLE   459,181 0 0
MACERICH CO COM 554382101 8,702 122,835 SH   SOLE   122,835 0 0
MASTERCARD INCORPORATED CL A 57636Q104 189,346 1,833,861 SH   DFND 1 1,833,861 0 0
MIDDLEBY CORP COM 596278101 4,380 34,000 SH   SOLE   34,000 0 0
MOBILEYE N V AMSTELVEEN ORD SHS N51488117 75,539 1,981,604 SH   DFND 1 1,981,604 0 0
MOODYS CORP COM 615369105 40,793 432,729 SH   SOLE   432,729 0 0
MOSAIC CO NEW COM 61945C103 3,813 130,000 SH   SOLE   130,000 0 0
NETFLIX INC COM 64110L106 40,803 329,588 SH   DFND 1 329,588 0 0
NEXTERA ENERGY INC COM 65339F101 74,303 621,990 SH   SOLE   621,990 0 0
PFIZER INC COM 717081103 160,454 4,940,079 SH   DFND 1 4,940,079 0 0
PNC FINL SVCS GROUP INC COM 693475105 11,157 95,390 SH   SOLE   95,390 0 0
PROLOGIS INC COM 74340W103 23,672 448,424 SH   SOLE   448,424 0 0
PUBLIC STORAGE COM 74460D109 11,037 49,383 SH   SOLE   49,383 0 0
REGENCY CTRS CORP COM 758849103 7,913 114,759 SH   SOLE   114,759 0 0
SCHLUMBERGER LTD COM 806857108 68,585 816,969 SH   DFND 1 816,969 0 0
SERVICE CORP INTL COM 817565104 90,509 3,186,920 SH   DFND 1 3,186,920 0 0
SIMON PPTY GROUP INC NEW COM 828806109 106,159 597,509 SH   SOLE   597,509 0 0
SL GREEN RLTY CORP COM 78440X101 7,021 65,281 SH   SOLE   65,281 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 13,685 477,660 SH   SOLE   477,660 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 3,373 30,769 SH   DFND 1 30,769 0 0
SPDR INDEX SHS FDS DJ GLB RL ES ETF 78463X749 10,559 225,332 SH   DFND 1 225,332 0 0
STERICYCLE INC COM 858912108 1,341 17,412 SH   SOLE   17,412 0 0
SVB FINL GROUP COM 78486Q101 3,363 19,591 SH   SOLE   19,591 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 146,768 5,104,982 SH   DFND 1 5,104,982 0 0
TAL ED GROUP ADS REPSTG COM 874080104 725 10,334 SH   SOLE   10,334 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 6,387 178,501 SH   SOLE   178,501 0 0
TATA MTRS LTD SPONSORED ADR 876568502 7,869 228,812 SH   SOLE   228,812 0 0
TAUBMAN CTRS INC COM 876664103 2,802 37,896 SH   SOLE   37,896 0 0
TJX COS INC NEW COM 872540109 24,993 332,666 SH   DFND 1 332,666 0 0
UDR INC COM 902653104 6,575 180,249 SH   SOLE   180,249 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 956 46,110 SH   SOLE   46,110 0 0
UNION PAC CORP COM 907818108 78,026 752,569 SH   DFND 1 752,569 0 0
UNITED PARCEL SERVICE INC CL B 911312106 64,360 561,410 SH   DFND 1 561,410 0 0
V F CORP COM 918204108 14,655 274,687 SH   SOLE   274,687 0 0
VANGUARD INDEX FDS REIT ETF 922908553 4,305 52,161 SH   DFND 1 52,161 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 732 12,000 SH   SOLE   12,000 0 0
VARIAN MED SYS INC COM 92220P105 65,576 730,403 SH   DFND 1 730,403 0 0
VENTAS INC COM 92276F100 13,729 219,593 SH   SOLE   219,593 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 758 14,203 SH   DFND 1 14,203 0 0
VORNADO RLTY TR SH BEN INT 929042109 15,631 149,767 SH   SOLE   149,767 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 26,067 314,974 SH   SOLE   314,974 0 0
WELLS FARGO & CO NEW COM 949746101 97,511 1,769,384 SH   DFND 1 1,769,384 0 0
WISDOMTREE TR LARGECAP DIVID 97717W307 6,413 80,302 SH   DFND 1 80,302 0 0
YANDEX N V SHS CLASS A N97284108 653 32,446 SH   SOLE   32,446 0 0
ZIONS BANCORPORATION COM 989701107 79,185 1,839,797 SH   DFND 1 1,839,797 0 0