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 132,994 638,810 SH   DFND 1 638,810 0 0
ACTIVISION BLIZZARD INC COM 00507V109 78,027 1,355,348 SH   DFND 1 1,355,348 0 0
AGCO CORP COM 001084102 2,965 44,000 SH   SOLE   44,000 0 0
AIR PRODS & CHEMS INC COM 009158106 113,675 794,596 SH   DFND 1 794,596 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 9,477 78,671 SH   SOLE   78,671 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 60,341 428,251 SH   DFND 1 428,251 0 0
ALPHABET INC CAP STK CL C 02079K107 128,800 141,736 SH   DFND 1 141,736 0 0
ALTRIA GROUP INC COM 02209S103 22,702 304,847 SH   DFND 1 304,847 0 0
AMAZON COM INC COM 023135106 130,209 134,513 SH   DFND 1 134,513 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 6,119 129,373 SH   SOLE   129,373 0 0
AMERISOURCEBERGEN CORP COM 03073E105 138,648 1,466,706 SH   DFND 1 1,466,706 0 0
AMGEN INC COM 031162100 168,447 978,035 SH   DFND 1 978,035 0 0
ANADARKO PETE CORP COM 032511107 45,029 993,133 SH   SOLE   993,133 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 1,643 38,227 SH   SOLE   38,227 0 0
APPLE INC COM 037833100 49,535 343,943 SH   DFND 1 343,943 0 0
ARAMARK COM 03852U106 28,730 701,068 SH   SOLE   701,068 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 4,617 111,578 SH   DFND 1 111,578 0 0
AVALONBAY CMNTYS INC COM 053484101 15,485 80,580 SH   SOLE   80,580 0 0
BLACKROCK INC COM 09247X101 129,134 305,707 SH   DFND 1 305,707 0 0
BOSTON PROPERTIES INC COM 101121101 36,212 294,361 SH   SOLE   294,361 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 706 18,000 SH   SOLE   18,000 0 0
BUNGE LIMITED COM G16962105 3,730 50,000 SH   SOLE   50,000 0 0
CANADIAN PAC RY LTD COM 13645T100 29,069 180,764 SH   SOLE   180,764 0 0
CARMAX INC COM 143130102 75,092 1,190,795 SH   DFND 1 1,190,795 0 0
CBRE GROUP INC CL A 12504L109 2,488 68,339 SH   SOLE   68,339 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 16,826 49,952 SH   SOLE   49,952 0 0
CINEMARK HOLDINGS INC COM 17243V102 46,599 1,199,462 SH   DFND 1 1,199,462 0 0
CINTAS CORP COM 172908105 24,717 196,102 SH   SOLE   196,102 0 0
CITIGROUP INC COM NEW 172967424 62,343 932,165 SH   DFND 1 932,165 0 0
CME GROUP INC COM 12572Q105 43,761 349,415 SH   DFND 1 349,415 0 0
COLGATE PALMOLIVE CO COM 194162103 194,594 2,625,038 SH   DFND 1 2,625,038 0 0
COSTCO WHSL CORP NEW COM 22160K105 144,302 902,280 SH   DFND 1 902,280 0 0
CREDICORP LTD COM G2519Y108 62,019 345,724 SH   SOLE   345,724 0 0
CRITEO S A SPONS ADS 226718104 39,876 812,962 SH   SOLE   812,962 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 31,711 316,542 SH   DFND 1 316,542 0 0
DISNEY WALT CO COM DISNEY 254687106 78,983 743,367 SH   DFND 1 743,367 0 0
DOUGLAS EMMETT INC COM 25960P109 1,050 27,480 SH   SOLE   27,480 0 0
EAST WEST BANCORP INC COM 27579R104 4,036 68,890 SH   SOLE   68,890 0 0
ECOLAB INC COM 278865100 125,466 945,131 SH   DFND 1 945,131 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 27,999 1,535,868 SH   DFND 1 1,535,868 0 0
EQUINIX INC COM PAR $0.001 29444U700 170,531 397,360 SH   DFND 1 397,360 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 10,039 152,493 SH   SOLE   152,493 0 0
ESSEX PPTY TR INC COM 297178105 13,390 52,048 SH   SOLE   52,048 0 0
EVERCORE PARTNERS INC CLASS A 29977A105 1,763 25,000 SH   SOLE   25,000 0 0
FACEBOOK INC CL A 30303M102 72,004 476,912 SH   DFND 1 476,912 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 1,798 14,224 SH   SOLE   14,224 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 46,068 460,217 SH   SOLE   460,217 0 0
GENERAL ELECTRIC CO COM 369604103 1,450 53,673 SH   DFND 1 53,673 0 0
HALLIBURTON CO COM 406216101 29,728 696,033 SH   SOLE   696,033 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 33,449 636,283 SH   SOLE   636,283 0 0
HCP INC COM 40414L109 910 28,477 SH   SOLE   28,477 0 0
HOME DEPOT INC COM 437076102 131,812 859,267 SH   DFND 1 859,267 0 0
HOST HOTELS & RESORTS INC COM 44107P104 4,857 265,860 SH   SOLE   265,860 0 0
ICICI BK LTD ADR 45104G104 44,029 4,908,513 SH   SOLE   4,908,513 0 0
INDUSTRIAS BACHOCO S A B DE SPON ADR B 456463108 5,008 86,369 SH   SOLE   86,369 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 3,336 24,714 SH   SOLE   24,714 0 0
ISHARES TR 1-3 YR CR BD ETF 464288646 1,548 14,700 SH   SOLE   14,700 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 2,547 30,150 SH   SOLE   30,150 0 0
ISHARES TR CORE US AGGBD ET 464287226 4,011 36,627 SH   SOLE   36,627 0 0
ISHARES TR FLTG RATE BD ETF 46429B655 1,273 25,000 SH   SOLE   25,000 0 0
ISHARES TR IBOXX INV CP ETF 464287242 4,255 35,306 SH   DFND 1 35,306 0 0
ISHARES TR MSCI ACWI ETF 464288257 85,582 1,306,796 SH   DFND 1 1,306,796 0 0
ISHARES TR MSCI INDIA ETF 46429B598 26,295 819,147 SH   SOLE   819,147 0 0
ISHARES TR TIPS BD ETF 464287176 1,277 11,260 SH   SOLE   11,260 0 0
ISHARES U S ETF TR SHT MAT BD ETF 46431W507 5,009 99,650 SH   SOLE   99,650 0 0
JPMORGAN CHASE & CO COM 46625H100 246,801 2,700,230 SH   DFND 1 2,700,230 0 0
KAR AUCTION SVCS INC COM 48238T109 72,748 1,733,343 SH   DFND 1 1,733,343 0 0
KILROY RLTY CORP COM 49427F108 6,763 89,987 SH   SOLE   89,987 0 0
KIMBERLY CLARK CORP COM 494368103 98,428 762,360 SH   DFND 1 762,360 0 0
KIMCO RLTY CORP COM 49446R109 2,537 138,247 SH   SOLE   138,247 0 0
KOREA ELECTRIC PWR SPONSORED ADR 500631106 264 14,710 SH   SOLE   14,710 0 0
LEGGETT & PLATT INC COM 524660107 30,926 588,738 SH   SOLE   588,738 0 0
LOCKHEED MARTIN CORP COM 539830109 71,328 256,937 SH   DFND 1 256,937 0 0
MACERICH CO COM 554382101 6,261 107,834 SH   SOLE   107,834 0 0
MARRIOTT INTL INC NEW CL A 571903202 72,392 721,685 SH   DFND 1 721,685 0 0
MASTERCARD INCORPORATED CL A 57636Q104 186,741 1,537,599 SH   DFND 1 1,537,599 0 0
MIDDLEBY CORP COM 596278101 5,346 44,000 SH   SOLE   44,000 0 0
MOODYS CORP COM 615369105 30,958 254,420 SH   SOLE   254,420 0 0
MOSAIC CO NEW COM 61945C103 2,968 130,000 SH   SOLE   130,000 0 0
NEXTERA ENERGY INC COM 65339F101 107,386 766,329 SH   DFND 1 766,329 0 0
PFIZER INC COM 717081103 174,263 5,187,948 SH   DFND 1 5,187,948 0 0
PRICELINE GRP INC COM NEW 741503403 30,710 16,418 SH   SOLE   16,418 0 0
PROLOGIS INC COM 74340W103 24,223 413,080 SH   SOLE   413,080 0 0
PUBLIC STORAGE COM 74460D109 10,356 49,664 SH   SOLE   49,664 0 0
REGENCY CTRS CORP COM 758849103 5,899 94,166 SH   SOLE   94,166 0 0
SCHLUMBERGER LTD COM 806857108 58,953 895,400 SH   DFND 1 895,400 0 0
SERVICE CORP INTL COM 817565104 120,131 3,591,370 SH   DFND 1 3,591,370 0 0
SIMON PPTY GROUP INC NEW COM 828806109 115,134 711,759 SH   DFND 1 711,759 0 0
SL GREEN RLTY CORP COM 78440X101 6,459 61,048 SH   SOLE   61,048 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 12,640 382,798 SH   SOLE   382,798 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 3,773 31,966 SH   DFND 1 31,966 0 0
SPDR INDEX SHS FDS DJ GLB RL ES ETF 78463X749 11,792 247,263 SH   SOLE   247,263 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 163,128 4,666,126 SH   DFND 1 4,666,126 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 4,465 171,874 SH   SOLE   171,874 0 0
TAUBMAN CTRS INC COM 876664103 2,172 36,476 SH   SOLE   36,476 0 0
TJX COS INC NEW COM 872540109 22,818 316,169 SH   DFND 1 316,169 0 0
UDR INC COM 902653104 3,827 98,195 SH   SOLE   98,195 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 1,085 46,110 SH   SOLE   46,110 0 0
UNION PAC CORP COM 907818108 80,819 742,067 SH   DFND 1 742,067 0 0
UNITED PARCEL SERVICE INC CL B 911312106 54,615 493,847 SH   DFND 1 493,847 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 2,035 24,866 SH   SOLE   24,866 0 0
VANGUARD INDEX FDS REIT ETF 922908553 4,149 49,847 SH   SOLE   49,847 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 810 12,000 SH   SOLE   12,000 0 0
VARIAN MED SYS INC COM 92220P105 27,918 270,545 SH   DFND 1 270,545 0 0
VENTAS INC COM 92276F100 14,799 212,992 SH   SOLE   212,992 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 634 14,203 SH   DFND 1 14,203 0 0
VORNADO RLTY TR SH BEN INT 929042109 11,810 125,773 SH   SOLE   125,773 0 0
WELLS FARGO CO NEW COM 949746101 113,950 2,056,494 SH   DFND 1 2,056,494 0 0
WISDOMTREE TR US LARGECAP DIVD 97717W307 6,313 75,078 SH   DFND 1 75,078 0 0
ZIONS BANCORPORATION COM 989701107 60,440 1,376,441 SH   DFND 1 1,376,441 0 0