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
ABB LTD-SPON ADR ADR 000375204 1,896 81,020 SH   DFND   81,020 0 0
ALUMINUM CORP OF CHINA-ADR ADR 022276109 138 11,345 SH   DFND   11,345 0 0
AMEC FOSTER WHEELER-SPN ADR ADR 00167X205 444 67,432 SH   DFND   67,432 0 0
AU OPTRONICS CORP-SPON ADR ADR 002255107 352 92,050 SH   DFND   92,050 0 0
BANCO SANTANDER SA-SPON ADR ADR 05964H105 1,982 326,508 SH   DFND   326,508 0 0
BARCLAYS PLC-SPONS ADR ADR 06738E204 6,559 583,531 SH   DFND   583,531 0 0
BHP BILLITON LTD-SPON ADR ADR 088606108 12,922 355,795 SH   DFND   355,795 0 0
BP PLC-SPONS ADR ADR 055622104 22,612 655,039 SH   DFND   655,039 0 0
BRITISH AMERICAN TOB-SP ADR ADR 110448107 1,843 27,782 SH   DFND   27,782 0 0
CANON INC-SPONS ADR ADR 138006309 1,773 56,701 SH   DFND   56,701 0 0
CHINA LIFE INSURANCE CO-ADR ADR 16939P106 1,284 83,737 SH   DFND   83,737 0 0
CHINA MOBILE LTD-SPON ADR ADR 16941M109 1,436 26,008 SH   DFND   26,008 0 0
CHINA UNICOM HONG KONG-ADR ADR 16945R104 571 42,360 SH   DFND   42,360 0 0
CREDIT SUISSE GROUP-SPON ADR ADR 225401108 1,232 83,039 SH   DFND   83,039 0 0
CRH PLC-SPONSORED ADR ADR 12626K203 3,829 108,872 SH   DFND   108,872 0 0
DBV TECHNOLOGIES SA-SPON ADR ADR 23306J101 956 27,132 SH   DFND   27,132 0 0
DIAGEO PLC-SPONSORED ADR ADR 25243Q205 234 2,027 SH   DFND   2,027 0 0
ENEL AMERICAS SA-ADR ADR 29274F104 230 22,161 SH   DFND   22,161 0 0
ENEL CHILE SA ADR 29278D105 84 15,185 SH   DFND   15,185 0 0
ENI SPA-SPONSORED ADR ADR 26874R108 2,852 87,142 SH   DFND   87,142 0 0
FRESENIUS MEDICAL CARE-ADR ADR 358029106 2,204 52,319 SH   DFND   52,319 0 0
GALAPAGOS NV-SPON ADR ADR 36315X101 3,192 37,034 SH   DFND   37,034 0 0
GAZPROM PAO -SPON ADR ADR 368287207 2,585 569,442 SH   DFND   569,442 0 0
GRIFOLS SA-ADR ADR 398438408 1,689 89,475 SH   DFND   89,475 0 0
HONDA MOTOR CO LTD-SPONS ADR ADR 438128308 3,721 122,968 SH   DFND   122,968 0 0
HUANENG POWER INTL-SPONS ADR ADR 443304100 834 31,331 SH   DFND   31,331 0 0
HUTCHISON CHINA MEDITECH-ADR ADR 44842L103 557 27,900 SH   DFND   27,900 0 0
INTERCONTINENTAL HOTELS-ADR ADR 45857P707 6,279 128,330 SH   DFND   128,330 0 0
LUKOIL PJSC-SPON ADR ADR 69343P105 2,893 54,676 SH   DFND   54,676 0 0
LUXOTTICA GROUP SPA-SPON ADR ADR 55068R202 1,285 23,346 SH   DFND   23,346 0 0
NATIONAL GRID PLC-SP ADR ADR 636274300 3,663 57,711 SH   DFND   57,711 0 0
NOVO-NORDISK A/S-SPONS ADR ADR 670100205 6,856 199,995 SH   DFND   199,995 0 0
ORANGE-SPON ADR ADR 684060106 1,367 87,962 SH   DFND   87,962 0 0
PEARSON PLC-SPONSORED ADR ADR 705015105 1,088 128,298 SH   DFND   128,298 0 0
PETROCHINA CO LTD -ADR ADR 71646E100 6,040 82,455 SH   DFND   82,455 0 0
PRUDENTIAL PLC-ADR ADR 74435K204 844 19,915 SH   DFND   19,915 0 0
SANOFI-ADR ADR 80105N105 10,559 233,356 SH   DFND   233,356 0 0
SASOL LTD-SPONSORED ADR ADR 803866300 2,418 82,228 SH   DFND   82,228 0 0
SHIRE PLC-ADR ADR 82481R106 21,224 121,816 SH   DFND   121,816 0 0
SILICONWARE PRECISION-SP ADR ADR 827084864 159 19,628 SH   DFND   19,628 0 0
SONY CORP-SPONSORED ADR ADR 835699307 2,990 88,657 SH   DFND   88,657 0 0
SUMITOMO MITSUI-SPONS ADR ADR 86562M209 265 36,505 SH   DFND   36,505 0 0
SURGUTNEFTEGAS-SP ADR ADR 868861204 2,129 407,376 SH   DFND   407,376 0 0
SYNGENTA AG-ADR ADR 87160A100 464 5,246 SH   DFND   5,246 0 0
TAIWAN SEMICONDUCTOR-SP ADR ADR 874039100 548 16,690 SH   DFND   16,690 0 0
TATNEFT PAO-SPONSORED ADR ADR 876629205 888 23,976 SH   DFND   23,976 0 0
TELECOM ITALIA SPA-SPON ADR ADR 87927Y102 208 23,065 SH   DFND   23,065 0 0
TELECOM ITALIA SPA-SPON ADR ADR 87927Y201 148 20,290 SH   DFND   20,290 0 0
TENARIS SA-ADR ADR 88031M109 9,987 292,542 SH   DFND   292,542 0 0
TOTAL SA-SPON ADR ADR 89151E109 9,030 179,102 SH   DFND   179,102 0 0
TOYOTA MOTOR CORP -SPON ADR ADR 892331307 390 3,589 SH   DFND   3,589 0 0
UNILEVER PLC-SPONSORED ADR ADR 904767704 8,292 168,050 SH   DFND   168,050 0 0
WESTPAC BANKING CORP-SP ADR ADR 961214301 2,454 91,852 SH   DFND   91,852 0 0
WPP PLC-SPONSORED ADR ADR 92937A102 4,971 45,442 SH   DFND   45,442 0 0
YANZHOU COAL MINING-SP ADR ADR 984846105 142 19,016 SH   DFND   19,016 0 0
CENTRAL FUND CANADA LTD-A Closed-End Fund 153501101 457 35,526 SH   DFND   35,526 0 0
SPROTT PHYSICAL GOLD TRUST Closed-End Fund 85207H104 353 34,501 SH   DFND   34,501 0 0
SPROTT PHYSICAL PLATINUM AND Closed-End Fund 85207Q104 103 13,242 SH   DFND   13,242 0 0
SPROTT PHYSICAL SILVER TRUST Closed-End Fund 85207K107 242 35,035 SH   DFND   35,035 0 0
AGRIUM INC Common Stock 008916108 220 2,300 SH   DFND   2,300 0 0
BANK OF MONTREAL Common Stock 063671101 449 6,000 SH   DFND   6,000 0 0
BANK OF NOVA SCOTIA Common Stock 064149107 223 3,800 SH   DFND   3,800 0 0
BROOKFIELD ASSET MANAGE-CL A Common Stock 112585104 222 6,100 SH   DFND   6,100 0 0
CANADIAN NATL RAILWAY CO Common Stock 136375102 444 6,000 SH   DFND   6,000 0 0
CANADIAN NATURAL RESOURCES Common Stock 136385101 446 13,600 SH   DFND   13,600 0 0
CHIPOTLE MEXICAN GRILL INC Common Stock 169656105 328 737 SH   DFND   737 0 0
COCA-COLA CO/THE Common Stock 191216100 340 8,000 SH   DFND   8,000 0 0
CRESCENT POINT ENERGY CORP Common Stock 22576C101 450 41,600 SH   DFND   41,600 0 0
DOLLARAMA INC Common Stock 25675T107 448 5,400 SH   DFND   5,400 0 0
ENCANA CORP Common Stock 292505104 225 19,200 SH   DFND   19,200 0 0
GILDAN ACTIVEWEAR INC Common Stock 375916103 224 8,300 SH   DFND   8,300 0 0
GOLD STANDARD VENTURES CORP Common Stock 380738104 32 14,761 SH   DFND   14,761 0 0
GREAT-WEST LIFECO INC Common Stock 39138C106 225 8,100 SH   DFND   8,100 0 0
HUSKY ENERGY INC Common Stock 448055103 225 19,900 SH   DFND   19,900 0 0
IMPERIAL OIL LTD Common Stock 453038408 226 7,400 SH   DFND   7,400 0 0
INTER PIPELINE LTD Common Stock 45833V109 224 10,600 SH   DFND   10,600 0 0
JPMORGAN CHASE & CO Common Stock 46625H100 220 2,500 SH   DFND   2,500 0 0
LOBLAW COMPANIES LTD Common Stock 539481101 223 4,100 SH   DFND   4,100 0 0
MAGNA INTERNATIONAL INC Common Stock 559222401 224 5,200 SH   DFND   5,200 0 0
MANULIFE FINANCIAL CORP Common Stock 56501R106 225 12,700 SH   DFND   12,700 0 0
NEWS CORP - CLASS B Common Stock 65249B208 515 38,147 SH   DFND   38,147 0 0
NORTHROP GRUMMAN CORP Common Stock 666807102 381 1,600 SH   DFND   1,600 0 0
PEMBINA PIPELINE CORP Common Stock 706327103 225 7,100 SH   DFND   7,100 0 0
PEYTO EXPLORATION & DEV CORP Common Stock 717046106 327 15,900 SH   DFND   15,900 0 0
POWER FINANCIAL CORP Common Stock 73927C100 225 8,500 SH   DFND   8,500 0 0
PRAIRIESKY ROYALTY LTD Common Stock 739721108 448 21,200 SH   DFND   21,200 0 0
RESTAURANT BRANDS INTERN Common Stock 76131D103 223 4,000 SH   DFND   4,000 0 0
ROYAL BANK OF CANADA Common Stock 780087102 219 3,000 SH   DFND   3,000 0 0
SAPUTO INC Common Stock 802912105 224 6,500 SH   DFND   6,500 0 0
SEABRIDGE GOLD INC Common Stock 811916105 131 11,898 SH   DFND   11,898 0 0
SEVEN GENERATIONS ENERGY - A Common Stock 81783Q105 450 24,600 SH   DFND   24,600 0 0
SUN LIFE FINANCIAL INC Common Stock 866796105 223 6,100 SH   DFND   6,100 0 0
SUNCOR ENERGY INC Common Stock 867224107 449 14,600 SH   DFND   14,600 0 0
TECK RESOURCES LTD-CLS B Common Stock 878742204 226 10,300 SH   DFND   10,300 0 0
TOURMALINE OIL CORP Common Stock 89156V106 225 10,100 SH   DFND   10,100 0 0
TRANSCANADA CORP Common Stock 89353D107 222 4,800 SH   DFND   4,800 0 0
VERMILION ENERGY INC Common Stock 923725105 225 6,000 SH   DFND   6,000 0 0
COLUMBIA EM QUALITY DIVIDEND ETP 19762B301 1,004 72,997 SH   DFND   72,997 0 0
COLUMBIA EMERGING MARKETS CO ETP 19762B509 225 9,083 SH   DFND   9,083 0 0
COLUMBIA INDIA INFRASTRUCTUR ETP 19762B806 263 20,104 SH   DFND   20,104 0 0
COLUMBIA INDIA SMALL CAP ETF ETP 19762B889 806 43,798 SH   DFND   43,798 0 0
CONSUMER STAPLES SPDR ETP 81369Y308 329 6,019 SH   DFND   6,019 0 0
CSOP FTSE CHINA A50 ETF ETP 12649L105 653 47,190 SH   DFND   47,190 0 0
DB AGRICULTURE DOUBLE LONG ETP 25154H558 155 45,400 SH   DFND   45,400 0 0
DB BASE METALS DOUBLE LONG ETP 25154K841 502 66,112 SH   DFND   66,112 0 0
DEUTSCHE X-TRACKERS HARVEST ETP 233051754 1,148 34,012 SH   DFND   34,012 0 0
DEUTSCHE X-TRACKERS HARVEST ETP 233051879 3,023 120,293 SH   DFND   120,293 0 0
DEUTSCHE X-TRACKERS MSCI BRA ETP 233051309 607 55,366 SH   DFND   55,366 0 0
DEUTSCHE X-TRACKERS MSCI EAF ETP 233051200 12,100 408,909 SH   DFND   408,909 0 0
DEUTSCHE X-TRACKERS MSCI EME ETP 233051101 3,708 179,670 SH   DFND   179,670 0 0
DEUTSCHE X-TRACKERS MSCI EUR ETP 233051853 1,107 40,898 SH   DFND   40,898 0 0
DEUTSCHE X-TRACKERS MSCI GER ETP 233051408 239 8,820 SH   DFND   8,820 0 0
DEUTSCHE X-TRACKERS MSCI MEX ETP 233051796 428 20,892 SH   DFND   20,892 0 0
DEUTSCHE X-TRACKERS MSCI SOU ETP 233051812 7,547 285,760 SH   DFND   285,760 0 0
DIREXION DAILY MSCI INDIA BU ETP 25490K331 778 10,860 SH   DFND   10,860 0 0
DRXN D CSI CH A-SHR BEAR 1X ETP 25459Y116 5,842 147,490 SH   DFND   147,490 0 0
ELEMENTS ROGERS ENERGY TR ETP 870297306 253 103,268 SH   DFND   103,268 0 0
ELEMENTS ROGERS TOTAL RETURN ETP 870297801 423 83,301 SH   DFND   83,301 0 0
ELEMENTS-MLCX GRAINS INDX TR ETP 870297215 61 16,113 SH   DFND   16,113 0 0
FINANCIAL SELECT SECTOR SPDR ETP 81369Y605 490 20,642 SH   DFND   20,642 0 0
FIRST TRUST BICK INDEX FUND ETP 33733H107 1,792 73,105 SH   DFND   73,105 0 0
FIRST TRUST CHINA ETP 33737J141 396 17,775 SH   DFND   17,775 0 0
FIRST TRUST DEVELP MKT EX-US ETP 33737J174 472 9,040 SH   DFND   9,040 0 0
FIRST TRUST EMERGING MARKETS ETP 33737J182 1,855 81,035 SH   DFND   81,035 0 0
FIRST TRUST EMERGING MARKETS ETP 33737J307 1,619 44,505 SH   DFND   44,505 0 0
FIRST TRUST ENH SHORT MAT FD ETP 33739Q408 645 10,756 SH   DFND   10,756 0 0
FIRST TRUST HONG KONG ETP 33737J240 1,462 40,257 SH   DFND   40,257 0 0
FIRST TRUST INTL IPO ETF ETP 33734X853 317 11,015 SH   DFND   11,015 0 0
FIRST TRUST SENIOR LOAN ETF ETP 33738D309 331 6,850 SH   DFND   6,850 0 0
FIRST TRUST SOUTH KOREA ETP 33737J166 1,708 68,222 SH   DFND   68,222 0 0
FIRST TRUST TAIWAN ETP 33737J257 1,318 38,007 SH   DFND   38,007 0 0
FLEXSHARES CURRENCY HEDGED M ETP 33939L712 2,061 75,636 SH   DFND   75,636 0 0
FLEXSHARES GLOBAL UPSTREAM N ETP 33939L407 2,397 81,394 SH   DFND   81,394 0 0
FLEXSHARES MORNINGSTAR DEVEL ETP 33939L803 272 4,502 SH   DFND   4,502 0 0
FLEXSHARES MORNINGSTAR EMERG ETP 33939L308 1,321 25,595 SH   DFND   25,595 0 0
FT FTSE EPRA/NAREIT REAL EST ETP 33736N101 752 17,289 SH   DFND   17,289 0 0
GLOBAL X BRAZIL CONSUMER ETF ETP 37950E846 145 10,610 SH   DFND   10,610 0 0
GLOBAL X BRAZIL MID CAP ETF ETP 37950E788 541 54,167 SH   DFND   54,167 0 0
GLOBAL X CHINA ENERGY ETF ETP 37950E507 205 19,118 SH   DFND   19,118 0 0
GLOBAL X CHINA INDUSTRIALS ETP 37950E705 334 23,599 SH   DFND   23,599 0 0
GLOBAL X FTSE ANDEAN 40 ETF ETP 37950E655 106 12,137 SH   DFND   12,137 0 0
GLOBAL X FTSE SOUTHEAST ASIA ETP 37950E648 692 48,930 SH   DFND   48,930 0 0
GLOBAL X GOLD EXPLORERS ETF ETP 37954Y863 772 32,334 SH   DFND   32,334 0 0
GLOBAL X MSCI COLOMBIA ETF ETP 37950E200 251 26,485 SH   DFND   26,485 0 0
GLOBAL X MSCI GREECE ETF ETP 37950E366 2,671 335,528 SH   DFND   335,528 0 0
GLOBAL X MSCI NORWAY ETF ETP 37950E747 305 27,228 SH   DFND   27,228 0 0
GLOBAL X NEXT EMERGING & FRO ETP 37950E218 678 33,218 SH   DFND   33,218 0 0
GLOBAL X SILVER MINERS ETF ETP 37954Y848 337 9,346 SH   DFND   9,346 0 0
GLOBAL X SUPERDIVIDEND ETF ETP 37950E549 252 11,739 SH   DFND   11,739 0 0
GOLDMAN SACHS ACTIVEBETA EM ETP 381430206 9,765 325,842 SH   DFND   325,842 0 0
GOLDMAN SACHS ACTIVEBETA INT ETP 381430107 1,679 64,148 SH   DFND   64,148 0 0
GUGGENHEIM BULLETSHARES 2017 ETP 18383M399 1,507 58,628 SH   DFND   58,628 0 0
GUGGENHEIM BULLETSHARES 2017 ETP 18383M548 1,615 71,387 SH   DFND   71,387 0 0
GUGGENHEIM CHINA REAL ESTATE ETP 18383Q861 475 20,319 SH   DFND   20,319 0 0
GUGGENHEIM CHINA SMALL CAP E ETP 18383Q853 1,999 80,436 SH   DFND   80,436 0 0
GUGGENHEIM ENHANCED SHORT DU ETP 18383M654 1,354 26,932 SH   DFND   26,932 0 0
GUGGENHEIM SOLAR ETF ETP 18383Q739 375 21,691 SH   DFND   21,691 0 0
HARTFORD MULTIFACTOR EMERGIN ETP 518416201 221 9,754 SH   DFND   9,754 0 0
HIGHLAND/IBOXX SENIOR LOAN E ETP 430101774 1,320 71,122 SH   DFND   71,122 0 0
INDUSTRIAL SELECT SECT SPDR ETP 81369Y704 742 11,402 SH   DFND   11,402 0 0
IPATH BLOOMBERG GRAINS SUBIN ETP 06739H305 334 12,066 SH   DFND   12,066 0 0
IPATH GSCI TOTAL RETURN INDX ETP 06738C794 375 27,183 SH   DFND   27,183 0 0
IPATH MSCI INDIA INDEX ETN ETP 06739F291 4,842 64,753 SH   DFND   64,753 0 0
IPATH S&P GSCI CRUDE OIL TR ETP 06738C786 569 102,058 SH   DFND   102,058 0 0
ISHA CURR HEDGED MSCI JAPAN ETP 46434V886 838 29,894 SH   DFND   29,894 0 0
ISHA HEDGED MSCI GERMANY ETP 46434V704 302 10,852 SH   DFND   10,852 0 0
ISHARES 10 PLUS YEAR CREDIT BOND ETP 464289511 1,151 19,423 SH   DFND   19,423 0 0
ISHARES ASIA 50 ETF ETP 464288430 3,601 68,572 SH   DFND   68,572 0 0
ISHARES ASIA/PACIFIC DIVIDEN ETP 464286293 370 7,602 SH   DFND   7,602 0 0
ISHARES CORE INTL STOCK ETF ETP 46432F834 2,305 42,106 SH   DFND   42,106 0 0
ISHARES CORE MSCI PACIFIC ET ETP 46434V696 719 13,657 SH   DFND   13,657 0 0
ISHARES CORE S&P SMALL-CAP E ETP 464287804 464 6,705 SH   DFND   6,705 0 0
ISHARES CORE U.S. AGGREGATE ETP 464287226 2,864 26,403 SH   DFND   26,403 0 0
ISHARES CURR HDG MSCI MEXICO ETP 46435G805 795 37,205 SH   DFND   37,205 0 0
ISHARES CURR HEDG MSCI ITALY ETP 46435G821 675 42,455 SH   DFND   42,455 0 0
ISHARES CURR HEDG MSCI SPAIN ETP 46435G813 1,097 48,166 SH   DFND   48,166 0 0
ISHARES CURR HEDG MSCI SWITZ ETP 46435G870 500 19,734 SH   DFND   19,734 0 0
ISHARES CURRENCY HEDGED MSCI ETP 46434V639 2,008 70,022 SH   DFND   70,022 0 0
ISHARES EDGE MSCI MF EM MKT ETP 46434G889 2,673 66,126 SH   DFND   66,126 0 0
ISHARES EDGE MSCI MIN VOL AS ETP 46434V746 2,398 75,589 SH   DFND   75,589 0 0
ISHARES EDGE MSCI MIN VOL EA ETP 46429B689 3,068 46,489 SH   DFND   46,489 0 0
ISHARES EDGE MSCI MIN VOL JA ETP 46434V712 562 9,415 SH   DFND   9,415 0 0
ISHARES EUROPE ETF ETP 464287861 515 12,314 SH   DFND   12,314 0 0
ISHARES FLOATING RATE BOND E ETP 46429B655 1,030 20,251 SH   DFND   20,251 0 0
ISHARES GLOBAL 100 ETF ETP 464287572 393 4,808 SH   DFND   4,808 0 0
ISHARES GLOBAL CONSUMER DISC ETP 464288745 225 2,332 SH   DFND   2,332 0 0
ISHARES GLOBAL ENERGY ETF ETP 464287341 2,136 64,333 SH   DFND   64,333 0 0
ISHARES GLOBAL INFRASTRUCTUR ETP 464288372 1,251 29,554 SH   DFND   29,554 0 0
ISHARES GLOBAL REIT ETF ETP 46434V647 2,557 100,927 SH   DFND   100,927 0 0
ISHARES INDIA 50 ETF ETP 464289529 2,385 73,772 SH   DFND   73,772 0 0
ISHARES INTERMEDIATE CREDIT ETP 464288638 1,426 13,091 SH   DFND   13,091 0 0
ISHARES INTERMEDIATE GOVERNM ETP 464288612 273 2,476 SH   DFND   2,476 0 0
ISHARES INTERNATIONAL SELECT ETP 464288448 389 12,357 SH   DFND   12,357 0 0
ISHARES JPX-NIKKEI 400 ETF ETP 464287382 2,127 38,083 SH   DFND   38,083 0 0
ISHARES LATIN AMERICA 40 ETF ETP 464287390 4,788 150,981 SH   DFND   150,981 0 0
ISHARES MSCI ACWI ETF ETP 464288257 5,961 94,225 SH   DFND   94,225 0 0
ISHARES MSCI ALL PERU CAPPED ETP 464289842 1,532 44,965 SH   DFND   44,965 0 0
ISHARES MSCI AUSTRALIA ETF ETP 464286103 9,812 433,955 SH   DFND   433,955 0 0
ISHARES MSCI BELGIUM CAPPED ETP 464286301 415 22,139 SH   DFND   22,139 0 0
ISHARES MSCI BRAZIL CAPPED E ETP 464286400 30,009 801,089 SH   DFND   801,089 0 0
ISHARES MSCI BRAZIL SMALL-CA ETP 464289131 154 11,284 SH   DFND   11,284 0 0
ISHARES MSCI BRIC ETF ETP 464286657 1,276 35,122 SH   DFND   35,122 0 0
ISHARES MSCI CANADA ETF ETP 464286509 5,072 188,707 SH   DFND   188,707 0 0
ISHARES MSCI CHILE CAPPED ET ETP 464286640 4,932 113,214 SH   DFND   113,214 0 0
ISHARES MSCI CHINA ETF ETP 46429B671 80,281 1,607,880 SH   DFND   1,607,880 0 0
ISHARES MSCI DENMARK CAPPED ETP 46429B523 1,225 22,104 SH   DFND   22,104 0 0
ISHARES MSCI EAFE VALUE ETF ETP 464288877 757 15,043 SH   DFND   15,043 0 0
ISHARES MSCI EMERG MRKT ASIA ETP 464286426 2,294 38,231 SH   DFND   38,231 0 0
ISHARES MSCI FINLAND CAPPED ETP 46429B515 365 10,452 SH   DFND   10,452 0 0
ISHARES MSCI FRONTIER 100 ETP 464286145 537 19,368 SH   DFND   19,368 0 0
ISHARES MSCI GERMANY ETF ETP 464286806 11,155 388,015 SH   DFND   388,015 0 0
ISHARES MSCI GERMANY SMALL-C ETP 46429B465 266 5,709 SH   DFND   5,709 0 0
ISHARES MSCI GLOBAL GOLD MIN ETP 46434G855 2,888 152,481 SH   DFND   152,481 0 0
ISHARES MSCI HONG KONG ETF ETP 464286871 14,038 630,918 SH   DFND   630,918 0 0
ISHARES MSCI INDONESIA ETF ETP 46429B309 9,659 374,516 SH   DFND   374,516 0 0
ISHARES MSCI IRELAND CAPPED ETP 46429B507 312 7,787 SH   DFND   7,787 0 0
ISHARES MSCI ISRAEL CAPPED E ETP 464286632 561 10,956 SH   DFND   10,956 0 0
ISHARES MSCI ITALY CAPPED ET ETP 46434G830 2,070 80,409 SH   DFND   80,409 0 0
ISHARES MSCI JAPAN SMALL-CAP ETP 464286582 288 4,349 SH   DFND   4,349 0 0
ISHARES MSCI MALAYSIA ETF ETP 46434G814 11,510 377,634 SH   DFND   377,634 0 0
ISHARES MSCI MEXICO CAPPED ETP 464286822 13,164 257,266 SH   DFND   257,266 0 0
ISHARES MSCI NETHERLANDS ETF ETP 464286814 1,073 40,041 SH   DFND   40,041 0 0
ISHARES MSCI NEW ZEALAND CAP ETP 464289123 505 11,967 SH   DFND   11,967 0 0
ISHARES MSCI PHILIPPINES ETF ETP 46429B408 1,930 56,506 SH   DFND   56,506 0 0
ISHARES MSCI POLAND CAPPED E ETP 46429B606 4,122 191,023 SH   DFND   191,023 0 0
ISHARES MSCI QATAR CP ETF ETP 46434V779 749 38,358 SH   DFND   38,358 0 0
ISHARES MSCI SOUTH AFRICA ET ETP 464286780 9,874 178,908 SH   DFND   178,908 0 0
ISHARES MSCI SOUTH KOREA CAP ETP 464286772 47,863 773,604 SH   DFND   773,604 0 0
ISHARES MSCI SWITZERLAND CAP ETP 464286749 2,188 68,415 SH   DFND   68,415 0 0
ISHARES MSCI TAIWAN CAPPED E ETP 46434G772 9,624 289,610 SH   DFND   289,610 0 0
ISHARES MSCI THAILAND CAPPED ETP 464286624 3,484 44,675 SH   DFND   44,675 0 0
ISHARES MSCI TURKEY ETF ETP 464286715 6,100 170,390 SH   DFND   170,390 0 0
ISHARES MSCI UAE CAPPED ETF ETP 46434V761 217 12,924 SH   DFND   12,924 0 0
ISHARES MSCI UNITED KINGDOM ETP 46429B416 1,706 46,618 SH   DFND   46,618 0 0
ISHARES MSCI WORLD ETF ETP 464286392 557 7,154 SH   DFND   7,154 0 0
ISHARES NATIONAL MUNI BOND E ETP 464288414 222 2,037 SH   DFND   2,037 0 0
ISHARES RUSSELL 2000 ETF ETP 464287655 42,245 307,278 SH   DFND   307,278 0 0
ISHARES RUSSELL 2000 GROWTH ETP 464287648 615 3,804 SH   DFND   3,804 0 0
ISHARES S&P GSCI COMMODITY I ETP 46428R107 1,850 124,814 SH   DFND   124,814 0 0
ISHARES S&P SMALL-CAP 600 GR ETP 464287887 208 1,356 SH   DFND   1,356 0 0
ISHARES U.S. HOME CONSTRUCTI ETP 464288752 258 8,055 SH   DFND   8,055 0 0
KRANESHARES CSI CHINA INTERN ETP 500767306 377 8,907 SH   DFND   8,907 0 0
PIMCO TOTAL RETURN ACTIVE EX ETP 72201R775 832 7,898 SH   DFND   7,898 0 0
POWERSHARES BUILD AMRICA BND ETP 73937B407 2,354 80,185 SH   DFND   80,185 0 0
POWERSHARES DB BASE METALS F ETP 73936B705 545 33,310 SH   DFND   33,310 0 0
POWERSHARES DB ENERGY FUND ETP 73936B101 174 13,856 SH   DFND   13,856 0 0
POWERSHARES DWA DEVELOPED MA ETP 73936Q108 331 14,186 SH   DFND   14,186 0 0
POWERSHARES FDMNL H/Y CORP B ETP 73936T557 5,947 316,185 SH   DFND   316,185 0 0
POWERSHARES FTSE INTL LO BET ETP 73937B480 257 9,787 SH   DFND   9,787 0 0
POWERSHARES FTSE RAFI DEV EX ETP 73936T789 382 9,538 SH   DFND   9,538 0 0
POWERSHARES GLBL GOLD PR-MTL ETP 73936Q876 443 22,754 SH   DFND   22,754 0 0
POWERSHARES INDIA PORTFOLIO ETP 73935L100 352 15,437 SH   DFND   15,437 0 0
POWERSHARES NATIONAL AMT-FRE ETP 73936T474 509 20,318 SH   DFND   20,318 0 0
POWERSHARES OPTIMUM YIELD DI ETP 73937V106 322 19,344 SH   DFND   19,344 0 0
POWERSHARES S&P EM-MK LOW VO ETP 73937B662 2,094 91,031 SH   DFND   91,031 0 0
POWERSHARES S&P INTERNATIONA ETP 73936T805 255 12,225 SH   DFND   12,225 0 0
POWERSHARES S&P INTERNATIONA ETP 73937B696 434 17,772 SH   DFND   17,772 0 0
PROSHARES SHORT MSCI EMR MKT ETP 74347R396 453 20,519 SH   DFND   20,519 0 0
SCHWAB EMERGING MARKETS EQUI ETP 808524706 23,588 984,050 SH   DFND   984,050 0 0
SCHWAB FUNDAMENTAL EM L/C ETP 808524730 666 25,213 SH   DFND   25,213 0 0
SCHWAB FUNDAMENTAL INTL L/C ETP 808524755 499 18,625 SH   DFND   18,625 0 0
SCHWAB INTL EQUITY ETF ETP 808524805 534 17,865 SH   DFND   17,865 0 0
SCHWAB US REIT ETF ETP 808524847 249 6,110 SH   DFND   6,110 0 0
SPDR BBG BARC AGGREGATE BOND ETP 78464A649 310 5,427 SH   DFND   5,427 0 0
SPDR BBG BARC INT CORP BOND ETP 78464A375 1,258 36,862 SH   DFND   36,862 0 0
SPDR BBG BARC ST HIGH YIELD ETP 78468R408 2,871 102,679 SH   DFND   102,679 0 0
SPDR BLACKSTONE/GSO SEN LOAN ETP 78467V608 1,587 33,375 SH   DFND   33,375 0 0
SPDR DJ GLOBAL REAL ESTATE E ETP 78463X749 4,306 91,458 SH   DFND   91,458 0 0
SPDR DJ INTERNATIONAL REAL E ETP 78463X863 5,020 134,237 SH   DFND   134,237 0 0
SPDR DOUBLELINE TR TACT ETF ETP 78467V848 486 9,940 SH   DFND   9,940 0 0
SPDR EURO STOXX 50 ETF ETP 78463X202 308 8,470 SH   DFND   8,470 0 0
SPDR MSCI ACWI EX-US ETP 78463X848 667 19,547 SH   DFND   19,547 0 0
SPDR MSCI SPAIN STRATEGICFAC ETP 78463X343 349 7,536 SH   DFND   7,536 0 0
SPDR NUVEEN BBG BARC ST MUNI ETP 78468R739 1,737 35,861 SH   DFND   35,861 0 0
SPDR S&P 500 ETF TRUST ETP 78462F103 9,176 38,923 SH   DFND   38,923 0 0
SPDR S&P BANK ETF ETP 78464A797 459 10,680 SH   DFND   10,680 0 0
SPDR S&P CHINA ETF ETP 78463X400 15,408 187,794 SH   DFND   187,794 0 0
SPDR S&P EMERGING MIDDLE EAS ETP 78463X806 218 3,696 SH   DFND   3,696 0 0
SPDR S&P EMERGING MKTS SMALL ETP 78463X756 749 16,508 SH   DFND   16,508 0 0
SPDR S&P GL NAT RESOURCES ETP 78463X541 433 10,190 SH   DFND   10,190 0 0
SPDR S&P INTER DVD ETF ETP 78463X772 353 9,262 SH   DFND   9,262 0 0
SPDR S&P INTL SMALL CAP ETP 78463X871 306 9,713 SH   DFND   9,713 0 0
SPDR S&P RETAIL ETF ETP 78464A714 317 7,513 SH   DFND   7,513 0 0
SPDR S&P WORLD EX-US ETF ETP 78463X889 278 10,012 SH   DFND   10,012 0 0
TEUCRIUM SOYBEAN FUND ETP 88166A607 199 10,967 SH   DFND   10,967 0 0
UNITED STATES COMMODITY INDE ETP 911717106 1,158 29,573 SH   DFND   29,573 0 0
VANECK VECTORS CHINAAMC CSI ETP 92189F759 824 21,032 SH   DFND   21,032 0 0
VANECK VECTORS CHINAAMC SME- ETP 92189F627 630 20,960 SH   DFND   20,960 0 0
VANECK VECTORS GOLD MINERS E ETP 92189F106 23,471 1,028,976 SH   DFND   1,028,976 0 0
VANECK VECTORS ISRAEL ETF ETP 92189F635 214 7,357 SH   DFND   7,357 0 0
VANECK VECTORS JUNIOR GOLD M ETP 92189F791 1,902 52,860 SH   DFND   52,860 0 0
VANECK VECTORS RUSSIA ETF ETP 92189F403 1,817 87,928 SH   DFND   87,928 0 0
VANECK VECTORS RUSSIA SMALL- ETP 92189F734 668 16,433 SH   DFND   16,433 0 0
VANECK VECTORS SEMICONDUCTOR ETP 92189F676 459 5,762 SH   DFND   5,762 0 0
VANECK VECTORS VIETNAM ETF ETP 92189F817 910 64,938 SH   DFND   64,938 0 0
VANGUARD EMERG MKTS GOV BND ETP 921946885 2,553 32,049 SH   DFND   32,049 0 0
VANGUARD FTSE ALL WO X-US SC ETP 922042718 698 6,803 SH   DFND   6,803 0 0
VANGUARD FTSE DEVELOPED ETF ETP 921943858 20,500 521,618 SH   DFND   521,618 0 0
VANGUARD FTSE PACIFIC ETF ETP 922042866 15,382 243,085 SH   DFND   243,085 0 0
VANGUARD INT DIV APP INDX FD ETP 921946810 1,351 23,511 SH   DFND   23,511 0 0
VANGUARD INT HIGH DVD YLD IN ETP 921946794 274 4,523 SH   DFND   4,523 0 0
VANGUARD REIT ETF ETP 922908553 372 4,509 SH   DFND   4,509 0 0
VANGUARD S&P 500 ETF ETP 922908363 654 3,022 SH   DFND   3,022 0 0
VANGUARD TOT WORLD STK ETF ETP 922042742 2,675 41,011 SH   DFND   41,011 0 0
VANGUARD TOTAL BOND MARKET ETP 921937835 786 9,700 SH   DFND   9,700 0 0
VANGUARD TOTAL INTL STOCK ETP 921909768 11,492 231,314 SH   DFND   231,314 0 0
VELOCITYSHARES 3X INV CRUDE ETP 17325E309 455 17,014 SH   DFND   17,014 0 0
VELOCITYSHARES 3X LONG CRUDE ETP 17325E291 478 24,190 SH   DFND   24,190 0 0
WISDMTREE EMERG MKT EX-ST OW ETP 97717X578 201 8,180 SH   DFND   8,180 0 0
WISDOMTREE ASIA-PACIFIC EX-J ETP 97717W828 1,527 23,885 SH   DFND   23,885 0 0
WISDOMTREE CONTINUOUS COMMOD ETP 97718W108 621 32,301 SH   DFND   32,301 0 0
WISDOMTREE DY CUR HDG SCP EQ ETP 97717X271 318 11,100 SH   DFND   11,100 0 0
WISDOMTREE EMERGING MARKETS ETP 97717W315 1,074 26,281 SH   DFND   26,281 0 0
WISDOMTREE EUR S/C DIVIDEND ETP 97717W869 224 3,796 SH   DFND   3,796 0 0
WISDOMTREE EUROPE HEDG SM EQ ETP 97717X552 1,374 48,592 SH   DFND   48,592 0 0
WISDOMTREE GERMANY HEDGED EQ ETP 97717W448 372 12,215 SH   DFND   12,215 0 0
WISDOMTREE INTERNATIONAL EQU ETP 97717W703 553 11,117 SH   DFND   11,117 0 0
WISDOMTREE INTL L/C DVD FUND ETP 97717W794 422 9,303 SH   DFND   9,303 0 0
WISDOMTREE INTL S/C DVD FUND ETP 97717W760 2,721 41,568 SH   DFND   41,568 0 0
WISDOMTREE JAPAN HEDGED EQ ETP 97717W851 8,566 169,223 SH   DFND   169,223 0 0
WISDOMTREE JAPAN HEDGED SMAL ETP 97717W521 200 5,345 SH   DFND   5,345 0 0
WISDOMTREE JPN S/C DVD FUND ETP 97717W836 522 7,822 SH   DFND   7,822 0 0
WISDOMTREE MIDDLE EAST DVD ETP 97717X305 199 11,481 SH   DFND   11,481 0 0
WISDOMTREE STRONG DOLLAR EM ETP 97717X487 2,625 98,150 SH   DFND   98,150 0 0
WISDOMTREE UNITED KINGDOM ETP 97717W349 287 12,005 SH   DFND   12,005 0 0
ARCELORMITTAL-NY REGISTERED NY Reg Shrs 03938L104 19,591 2,346,238 SH   DFND   2,346,238 0 0
KONINKLIJKE PHILIPS NVR- NY NY Reg Shrs 500472303 736 22,908 SH   DFND   22,908 0 0