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 123,944 647,802 SH   DFND 1 647,802 0 0
ACTIVISION BLIZZARD INC COM 00507V109 96,738 1,940,197 SH   DFND 1 1,940,197 0 0
AGCO CORP COM 001084102 1,998 33,200 SH   SOLE   33,200 0 0
AIR PRODS & CHEMS INC COM 009158106 109,674 810,657 SH   DFND 1 810,657 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 8,705 78,768 SH   SOLE   78,768 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 54,226 502,880 SH   DFND 1 502,880 0 0
ALPHABET INC CAP STK CL C 02079K107 151,860 183,061 SH   DFND 1 183,061 0 0
ALTRIA GROUP INC COM 02209S103 33,891 474,526 SH   DFND 1 474,526 0 0
AMAZON COM INC COM 023135106 143,265 161,600 SH   DFND 1 161,600 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 6,258 131,490 SH   SOLE   131,490 0 0
AMERICAN TOWER CORP NEW COM 03027X100 2,120 17,445 SH   SOLE   17,445 0 0
AMERISOURCEBERGEN CORP COM 03073E105 132,051 1,492,105 SH   DFND 1 1,492,105 0 0
AMGEN INC COM 031162100 163,865 998,751 SH   DFND 1 998,751 0 0
ANADARKO PETE CORP COM 032511107 59,934 966,670 SH   SOLE   966,670 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 1,734 39,100 SH   SOLE   39,100 0 0
APPLE INC COM 037833100 51,786 360,475 SH   DFND 1 360,475 0 0
ARAMARK COM 03852U106 28,604 775,802 SH   SOLE   775,802 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 5,137 111,578 SH   DFND 1 111,578 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 45,047 439,959 SH   DFND 1 439,959 0 0
AVALONBAY CMNTYS INC COM 053484101 15,011 81,760 SH   SOLE   81,760 0 0
BLACKROCK INC COM 09247X101 126,457 329,737 SH   DFND 1 329,737 0 0
BOSTON PROPERTIES INC COM 101121101 40,216 303,724 SH   SOLE   303,724 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 656 18,000 SH   SOLE   18,000 0 0
BUNGE LIMITED COM G16962105 4,201 53,000 SH   SOLE   53,000 0 0
CANADIAN PAC RY LTD COM 13645T100 70,825 482,065 SH   DFND 1 482,065 0 0
CARMAX INC COM 143130102 77,580 1,310,037 SH   DFND 1 1,310,037 0 0
CBRE GROUP INC CL A 12504L109 2,341 67,280 SH   SOLE   67,280 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 8,207 25,072 SH   SOLE   25,072 0 0
CINEMARK HOLDINGS INC COM 17243V102 56,739 1,279,626 SH   DFND 1 1,279,626 0 0
CINTAS CORP COM 172908105 26,463 209,129 SH   SOLE   209,129 0 0
CITIGROUP INC COM NEW 172967424 58,623 979,989 SH   DFND 1 979,989 0 0
COLGATE PALMOLIVE CO COM 194162103 197,443 2,697,671 SH   DFND 1 2,697,671 0 0
COSTCO WHSL CORP NEW COM 22160K105 155,882 929,586 SH   DFND 1 929,586 0 0
CREDICORP LTD COM G2519Y108 57,282 350,780 SH   SOLE   350,780 0 0
DISNEY WALT CO COM DISNEY 254687106 87,333 770,199 SH   DFND 1 770,199 0 0
DOUGLAS EMMETT INC COM 25960P109 1,089 28,357 SH   SOLE   28,357 0 0
EAST WEST BANCORP INC COM 27579R104 3,555 68,890 SH   SOLE   68,890 0 0
ECOLAB INC COM 278865100 121,871 972,322 SH   DFND 1 972,322 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 33,842 1,532,686 SH   DFND 1 1,532,686 0 0
EQUINIX INC COM PAR $0.001 29444U700 168,782 421,565 SH   DFND 1 421,565 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 9,749 156,683 SH   SOLE   156,683 0 0
ESSEX PPTY TR INC COM 297178105 12,416 53,624 SH   SOLE   53,624 0 0
FACEBOOK INC CL A 30303M102 67,868 477,778 SH   DFND 1 477,778 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 1,899 14,223 SH   SOLE   14,223 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 42,377 451,730 SH   SOLE   451,730 0 0
GENERAL ELECTRIC CO COM 369604103 1,508 50,612 SH   DFND 1 50,612 0 0
HALLIBURTON CO COM 406216101 36,575 743,246 SH   SOLE   743,246 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 33,876 704,729 SH   SOLE   704,729 0 0
HCP INC COM 40414L109 833 26,643 SH   SOLE   26,643 0 0
HOME DEPOT INC COM 437076102 129,809 884,075 SH   DFND 1 884,075 0 0
HOST HOTELS & RESORTS INC COM 44107P104 5,038 269,999 SH   SOLE   269,999 0 0
ICICI BK LTD ADR 45104G104 40,982 4,765,346 SH   SOLE   4,765,346 0 0
INDUSTRIAS BACHOCO S A B DE SPON ADR B 456463108 2,716 50,070 SH   SOLE   50,070 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 5,582 42,117 SH   SOLE   42,117 0 0
ISHARES TR TIPS BD ETF 464287176 1,291 11,260 SH   SOLE   11,260 0 0
ISHARES TR CORE US AGGBD ET 464287226 3,693 34,036 SH   SOLE   34,036 0 0
ISHARES TR IBOXX INV CP ETF 464287242 4,163 35,306 SH   DFND 1 35,306 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 2,548 30,150 SH   SOLE   30,150 0 0
ISHARES TR MSCI ACWI ETF 464288257 79,937 1,263,630 SH   DFND 1 1,263,630 0 0
ISHARES TR 1-3 YR CR BD ETF 464288646 1,547 14,700 SH   SOLE   14,700 0 0
ISHARES TR MSCI INDIA ETF 46429B598 25,791 819,147 SH   SOLE   819,147 0 0
ISHARES TR FLTG RATE BD ETF 46429B655 1,272 25,000 SH   SOLE   25,000 0 0
ISHARES U S ETF TR SHT MAT BD ETF 46431W507 5,007 99,650 SH   SOLE   99,650 0 0
JPMORGAN CHASE & CO COM 46625H100 248,911 2,833,685 SH   DFND 1 2,833,685 0 0
KAR AUCTION SVCS INC COM 48238T109 74,191 1,698,894 SH   DFND 1 1,698,894 0 0
KILROY RLTY CORP COM 49427F108 6,508 90,286 SH   SOLE   90,286 0 0
KIMBERLY CLARK CORP COM 494368103 112,780 856,798 SH   DFND 1 856,798 0 0
KIMCO RLTY CORP COM 49446R109 3,140 142,153 SH   SOLE   142,153 0 0
KOREA ELECTRIC PWR SPONSORED ADR 500631106 305 14,710 SH   SOLE   14,710 0 0
LEGGETT & PLATT INC COM 524660107 25,976 516,212 SH   SOLE   516,212 0 0
LOCKHEED MARTIN CORP COM 539830109 78,725 294,188 SH   SOLE   294,188 0 0
MACERICH CO COM 554382101 7,120 110,564 SH   SOLE   110,564 0 0
MARRIOTT INTL INC NEW CL A 571903202 68,599 728,382 SH   SOLE   728,382 0 0
MASTERCARD INCORPORATED CL A 57636Q104 175,582 1,561,143 SH   DFND 1 1,561,143 0 0
MIDDLEBY CORP COM 596278101 5,185 38,000 SH   SOLE   38,000 0 0
MOBILEYE N V AMSTELVEEN ORD SHS N51488117 54,112 881,309 SH   DFND 1 881,309 0 0
MOODYS CORP COM 615369105 30,824 275,119 SH   SOLE   275,119 0 0
MOSAIC CO NEW COM 61945C103 3,793 130,000 SH   SOLE   130,000 0 0
NEXTERA ENERGY INC COM 65339F101 99,352 773,948 SH   DFND 1 773,948 0 0
PFIZER INC COM 717081103 168,857 4,935,886 SH   DFND 1 4,935,886 0 0
PRICELINE GRP INC COM NEW 741503403 29,156 16,380 SH   SOLE   16,380 0 0
PROLOGIS INC COM 74340W103 21,007 404,909 SH   SOLE   404,909 0 0
PUBLIC STORAGE COM 74460D109 10,658 48,687 SH   SOLE   48,687 0 0
REGENCY CTRS CORP COM 758849103 6,361 95,813 SH   SOLE   95,813 0 0
SCHLUMBERGER LTD COM 806857108 75,723 969,565 SH   DFND 1 969,565 0 0
SERVICE CORP INTL COM 817565104 96,720 3,132,114 SH   DFND 1 3,132,114 0 0
SIMON PPTY GROUP INC NEW COM 828806109 95,037 552,444 SH   DFND 1 552,444 0 0
SL GREEN RLTY CORP COM 78440X101 6,684 62,692 SH   SOLE   62,692 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 13,310 387,264 SH   SOLE   387,264 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 3,594 30,274 SH   DFND 1 30,274 0 0
SPDR INDEX SHS FDS DJ GLB RL ES ETF 78463X749 11,676 247,993 SH   SOLE   247,993 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 152,941 4,657,164 SH   DFND 1 4,657,164 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 5,767 175,988 SH   SOLE   175,988 0 0
TATA MTRS LTD SPONSORED ADR 876568502 9,223 258,701 SH   SOLE   258,701 0 0
TAUBMAN CTRS INC COM 876664103 2,467 37,366 SH   SOLE   37,366 0 0
TJX COS INC NEW COM 872540109 19,896 251,595 SH   DFND 1 251,595 0 0
UDR INC COM 902653104 3,640 100,399 SH   SOLE   100,399 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 1,048 46,110 SH   SOLE   46,110 0 0
UNION PAC CORP COM 907818108 80,144 756,644 SH   DFND 1 756,644 0 0
UNITED PARCEL SERVICE INC CL B 911312106 54,661 509,418 SH   DFND 1 509,418 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 915 11,290 SH   SOLE   11,290 0 0
VANGUARD INDEX FDS REIT ETF 922908553 4,030 48,801 SH   SOLE   48,801 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 783 12,000 SH   SOLE   12,000 0 0
VARIAN MED SYS INC COM 92220P105 33,645 369,194 SH   DFND 1 369,194 0 0
VENTAS INC COM 92276F100 14,081 216,490 SH   SOLE   216,490 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 692 14,203 SH   DFND 1 14,203 0 0
VORNADO RLTY TR SH BEN INT 929042109 12,778 127,384 SH   SOLE   127,384 0 0
WELLS FARGO & CO NEW COM 949746101 99,564 1,788,782 SH   DFND 1 1,788,782 0 0
WISDOMTREE TR LARGECAP DIVID 97717W307 6,153 74,207 SH   DFND 1 74,207 0 0
YANDEX N V SHS CLASS A N97284108 439 20,000 SH   SOLE   20,000 0 0
ZIONS BANCORPORATION COM 989701107 52,469 1,249,257 SH   DFND 1 1,249,257 0 0