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
UL ADR 904767704 20,843 385,118 SH   DFND   385,118 0 0
BUD ADR 03524A108 17,538 158,914 SH   DFND   158,914 0 0
BP ADR 055622104 10,792 311,470 SH   DFND   311,470 0 0
TSM ADR 874039100 7,609 217,659 SH   DFND   217,659 0 0
CEO ADR 126132109 7,228 66,063 SH   DFND   66,063 0 0
ERIC ADR 294821608 6,213 866,538 SH   DFND   866,538 0 0
TOT ADR 89151E109 5,083 102,499 SH   DFND   102,499 0 0
CUK ADR 14365C103 4,853 73,404 SH   DFND   73,404 0 0
RDSA ADR 780259206 4,572 85,959 SH   DFND   85,959 0 0
RIO ADR 767204100 4,372 103,340 SH   DFND   103,340 0 0
NVO ADR 670100205 4,161 97,012 SH   DFND   97,012 0 0
IHG ADR 45857P707 2,911 52,416 SH   DFND   52,416 0 0
RDSB ADR 780259107 2,751 50,545 SH   DFND   50,545 0 0
BTI ADR 110448107 2,614 38,133 SH   DFND   38,133 0 0
SHPG ADR 82481R106 2,495 15,096 SH   DFND   15,096 0 0
BCS ADR 06738E204 2,324 219,499 SH   DFND   219,499 0 0
HSBC ADR 404280406 2,105 45,380 SH   DFND   45,380 0 0
CRH ADR 12626K203 2,017 56,851 SH   DFND   56,851 0 0
TM ADR 892331307 2,011 19,148 SH   DFND   19,148 0 0
PUK ADR 74435K204 1,886 40,995 SH   DFND   40,995 0 0
BBL ADR 05545E209 1,480 48,125 SH   DFND   48,125 0 0
BABA ADR 01609W102 1,463 10,384 SH   DFND   10,384 0 0
SSL ADR 803866300 1,428 51,080 SH   DFND   51,080 0 0
STO ADR 85771P102 1,143 69,132 SH   DFND   69,132 0 0
PSO ADR 705015105 1,127 125,629 SH   DFND   125,629 0 0
GSK ADR 37733W105 1,056 24,499 SH   DFND   24,499 0 0
DBVT ADR 23306J101 804 22,510 SH   DFND   22,510 0 0
GRFS ADR 398438408 710 33,612 SH   DFND   33,612 0 0
BT ADR 05577E101 551 28,387 SH   DFND   28,387 0 0
CTRP ADR 22943F100 456 8,463 SH   DFND   8,463 0 0
JD ADR 47215P106 436 11,126 SH   DFND   11,126 0 0
DRD ADR 26152H301 401 127,325 SH   DFND   127,325 0 0
MTU ADR 606822104 349 51,668 SH   DFND   51,668 0 0
ASX ADR 00756M404 286 45,301 SH   DFND   45,301 0 0
E ADR 26874R108 233 7,751 SH   DFND   7,751 0 0
TKC ADR 900111204 225 27,459 SH   DFND   27,459 0 0
VOD ADR 92857W308 220 7,665 SH   DFND   7,665 0 0
ENIA ADR 29274F104 209 22,161 SH   DFND   22,161 0 0
RYAAY ADR 783513203 208 1,936 SH   DFND   1,936 0 0
NMR ADR 65535H208 142 23,527 SH   DFND   23,527 0 0
ENIC ADR 29278D105 84 15,185 SH   DFND   15,185 0 0
AUO ADR 002255107 74 16,228 SH   DFND   16,228 0 0
WIT ADR 97651M109 71 13,736 SH   DFND   13,736 0 0
PHYS Closed-End Fund 85207H104 585 57,752 SH   DFND   57,752 0 0
CEF Closed-End Fund 153501101 293 23,776 SH   DFND   23,776 0 0
PSLV Closed-End Fund 85207K107 70 11,080 SH   DFND   11,080 0 0
AMGN Common Stock 031162100 594 3,450 SH   DFND   3,450 0 0
MS Common Stock 617446448 387 8,681 SH   DFND   8,681 0 0
JPM Common Stock 46625H100 380 4,162 SH   DFND   4,162 0 0
KO Common Stock 191216100 342 7,617 SH   DFND   7,617 0 0
NG Common Stock 66987E206 139 30,446 SH   DFND   30,446 0 0
PVG Common Stock 74139C102 116 12,065 SH   DFND   12,065 0 0
EXK Common Stock 29258Y103 37 12,286 SH   DFND   12,286 0 0
AKG Common Stock 04341Y105 30 19,698 SH   DFND   19,698 0 0
EFA ETP 464287465 74,239 1,138,629 SH   DFND   1,138,629 0 0
EWT ETP 46434G772 38,797 1,084,938 SH   DFND   1,084,938 0 0
GDX ETP 92189F106 33,047 1,496,705 SH   DFND   1,496,705 0 0
MCHI ETP 46429B671 30,273 553,544 SH   DFND   553,544 0 0
IDV ETP 464288448 25,800 788,497 SH   DFND   788,497 0 0
INDA ETP 46429B598 20,853 649,617 SH   DFND   649,617 0 0
EWY ETP 464286772 20,382 300,577 SH   DFND   300,577 0 0
FXI ETP 464287184 19,186 483,160 SH   DFND   483,160 0 0
VSS ETP 922042718 18,534 171,422 SH   DFND   171,422 0 0
VT ETP 922042742 15,166 224,580 SH   DFND   224,580 0 0
IEFA ETP 46432F842 14,810 243,224 SH   DFND   243,224 0 0
AAXJ ETP 464288182 14,025 207,926 SH   DFND   207,926 0 0
BKLN ETP 73936Q769 13,207 570,727 SH   DFND   570,727 0 0
DBJP ETP 233051507 13,137 337,375 SH   DFND   337,375 0 0
EZU ETP 464286608 12,842 318,461 SH   DFND   318,461 0 0
DBKO ETP 233051812 9,325 314,714 SH   DFND   314,714 0 0
ERUS ETP 46434G798 9,101 315,990 SH   DFND   315,990 0 0
ACWI ETP 464288257 8,198 125,187 SH   DFND   125,187 0 0
DXJ ETP 97717W851 8,112 156,008 SH   DFND   156,008 0 0
EWZ ETP 464286400 7,857 230,131 SH   DFND   230,131 0 0
XLK ETP 81369Y803 7,823 142,964 SH   DFND   142,964 0 0
EMB ETP 464288281 6,338 55,421 SH   DFND   55,421 0 0
ROBO ETP 301505707 5,588 163,018 SH   DFND   163,018 0 0
EWH ETP 464286871 5,548 236,809 SH   DFND   236,809 0 0
HEDJ ETP 97717X701 5,216 83,688 SH   DFND   83,688 0 0
GEM ETP 381430206 5,039 161,295 SH   DFND   161,295 0 0
EWW ETP 464286822 4,800 88,990 SH   DFND   88,990 0 0
GUNR ETP 33939L407 4,691 164,179 SH   DFND   164,179 0 0
VEU ETP 922042775 4,603 92,000 SH   DFND   92,000 0 0
XLV ETP 81369Y209 4,495 56,723 SH   DFND   56,723 0 0
DGS ETP 97717W281 4,131 90,303 SH   DFND   90,303 0 0
THD ETP 464286624 4,130 52,972 SH   DFND   52,972 0 0
EPP ETP 464286665 4,084 91,807 SH   DFND   91,807 0 0
FNDE ETP 808524730 3,955 148,561 SH   DFND   148,561 0 0
HEWJ ETP 46434V886 3,782 126,917 SH   DFND   126,917 0 0
IDX ETP 92189F833 3,743 155,571 SH   DFND   155,571 0 0
EWI ETP 46434G830 3,641 130,955 SH   DFND   130,955 0 0
TUR ETP 464286715 3,305 79,622 SH   DFND   79,622 0 0
CHAD ETP 25459Y116 3,201 88,505 SH   DFND   88,505 0 0
BOTZ ETP 37954Y715 3,162 169,484 SH   DFND   169,484 0 0
INP ETP 06739F291 3,082 40,208 SH   DFND   40,208 0 0
GVI ETP 464288612 3,042 27,486 SH   DFND   27,486 0 0
RWX ETP 78463X863 2,984 78,315 SH   DFND   78,315 0 0
TLTE ETP 33939L308 2,893 54,177 SH   DFND   54,177 0 0
EWM ETP 46434G814 2,793 88,068 SH   DFND   88,068 0 0
EPU ETP 464289842 2,754 81,318 SH   DFND   81,318 0 0
IXC ETP 464287341 2,698 86,936 SH   DFND   86,936 0 0
IEF ETP 464287440 2,635 24,717 SH   DFND   24,717 0 0
EMSD ETP 97717X487 2,610 93,750 SH   DFND   93,750 0 0
RING ETP 46434G855 2,448 138,933 SH   DFND   138,933 0 0
FEMS ETP 33737J307 2,410 65,338 SH   DFND   65,338 0 0
SCIF ETP 92189F767 2,400 43,058 SH   DFND   43,058 0 0
EPHE ETP 46429B408 2,295 64,051 SH   DFND   64,051 0 0
SCHZ ETP 808524839 2,196 42,031 SH   DFND   42,031 0 0
ECH ETP 464286640 2,146 51,488 SH   DFND   51,488 0 0
IGF ETP 464288372 2,105 47,882 SH   DFND   47,882 0 0
DVYE ETP 464286319 2,051 51,062 SH   DFND   51,062 0 0
EWO ETP 464286202 2,022 95,182 SH   DFND   95,182 0 0
EDIV ETP 78463X533 1,965 65,837 SH   DFND   65,837 0 0
GNR ETP 78463X541 1,911 46,017 SH   DFND   46,017 0 0
FKO ETP 33737J166 1,908 70,978 SH   DFND   70,978 0 0
DGRE ETP 97717W323 1,876 78,092 SH   DFND   78,092 0 0
SIL ETP 37954Y848 1,847 54,405 SH   DFND   54,405 0 0
EPOL ETP 46429B606 1,811 74,583 SH   DFND   74,583 0 0
PAF ETP 73936T854 1,766 32,185 SH   DFND   32,185 0 0
FTW ETP 33737J257 1,765 48,495 SH   DFND   48,495 0 0
MINT ETP 72201R833 1,699 16,699 SH   DFND   16,699 0 0
JPXN ETP 464287382 1,651 28,323 SH   DFND   28,323 0 0
GDXJ ETP 92189F791 1,635 48,973 SH   DFND   48,973 0 0
RWO ETP 78463X749 1,618 33,937 SH   DFND   33,937 0 0
SCPB ETP 78464A474 1,547 50,477 SH   DFND   50,477 0 0
FM ETP 464286145 1,444 50,518 SH   DFND   50,518 0 0
FHK ETP 33737J240 1,418 37,212 SH   DFND   37,212 0 0
EDOG ETP 00162Q668 1,407 59,337 SH   DFND   59,337 0 0
PEK ETP 92189F759 1,397 32,901 SH   DFND   32,901 0 0
BOND ETP 72201R775 1,390 13,110 SH   DFND   13,110 0 0
DDWM ETP 97717X263 1,372 48,232 SH   DFND   48,232 0 0
BKF ETP 464286657 1,368 36,518 SH   DFND   36,518 0 0
EMFM ETP 37950E218 1,364 63,388 SH   DFND   63,388 0 0
SJNK ETP 78468R408 1,322 47,260 SH   DFND   47,260 0 0
SCHE ETP 808524706 1,314 52,897 SH   DFND   52,897 0 0
TIP ETP 464287176 1,262 11,129 SH   DFND   11,129 0 0
BSCK ETP 18383M514 1,217 56,663 SH   DFND   56,663 0 0
CWI ETP 78463X848 1,094 30,684 SH   DFND   30,684 0 0
SLVP ETP 464286327 1,086 97,623 SH   DFND   97,623 0 0
PIE ETP 73936Q207 1,086 62,948 SH   DFND   62,948 0 0
PICK ETP 46434G848 1,051 38,933 SH   DFND   38,933 0 0
FLN ETP 33737J125 1,017 53,524 SH   DFND   53,524 0 0
INDL ETP 25490K331 905 12,129 SH   DFND   12,129 0 0
HEWP ETP 46435G813 897 38,405 SH   DFND   38,405 0 0
FLRN ETP 78468R200 881 28,666 SH   DFND   28,666 0 0
IWM ETP 464287655 868 6,162 SH   DFND   6,162 0 0
HEFA ETP 46434V803 858 30,182 SH   DFND   30,182 0 0
BSCL ETP 18383M266 837 39,314 SH   DFND   39,314 0 0
EWUS ETP 46429B416 813 21,053 SH   DFND   21,053 0 0
INCO ETP 19762B707 810 19,422 SH   DFND   19,422 0 0
BIV ETP 921937819 804 9,511 SH   DFND   9,511 0 0
DBEZ ETP 233051697 795 27,242 SH   DFND   27,242 0 0
HEWI ETP 46435G821 767 46,675 SH   DFND   46,675 0 0
FFR ETP 33736N101 766 17,289 SH   DFND   17,289 0 0
SHM ETP 78468R739 746 15,385 SH   DFND   15,385 0 0
ILF ETP 464287390 742 24,503 SH   DFND   24,503 0 0
MBB ETP 464288588 732 6,856 SH   DFND   6,856 0 0
SCZ ETP 464288273 732 12,651 SH   DFND   12,651 0 0
BDD ETP 25154K841 720 99,247 SH   DFND   99,247 0 0
ACWV ETP 464286525 719 9,088 SH   DFND   9,088 0 0
EWD ETP 464286756 700 20,629 SH   DFND   20,629 0 0
EWK ETP 464286301 700 35,745 SH   DFND   35,745 0 0
HYS ETP 72201R783 695 6,853 SH   DFND   6,853 0 0
BRF ETP 92189F825 676 34,850 SH   DFND   34,850 0 0
TAN ETP 18383Q739 675 33,928 SH   DFND   33,928 0 0
HAO ETP 18383Q853 660 25,678 SH   DFND   25,678 0 0
GMF ETP 78463X301 657 7,188 SH   DFND   7,188 0 0
JPMV ETP 46434V712 648 10,386 SH   DFND   10,386 0 0
RSXJ ETP 92189F734 642 16,433 SH   DFND   16,433 0 0
DEM ETP 97717W315 633 15,448 SH   DFND   15,448 0 0
JNK ETP 78464A417 631 16,970 SH   DFND   16,970 0 0
TLT ETP 464287432 614 4,905 SH   DFND   4,905 0 0
MDY ETP 78467Y107 613 1,929 SH   DFND   1,929 0 0
EWZS ETP 464289131 611 47,723 SH   DFND   47,723 0 0
MUB ETP 464288414 608 5,520 SH   DFND   5,520 0 0
HILO ETP 19762B301 601 42,997 SH   DFND   42,997 0 0
DBBR ETP 233051309 596 57,753 SH   DFND   57,753 0 0
XLU ETP 81369Y886 595 11,454 SH   DFND   11,454 0 0
PDBC ETP 73937V106 592 37,522 SH   DFND   37,522 0 0
JPN ETP 233051663 589 22,410 SH   DFND   22,410 0 0
HEWY ETP 46435G888 586 19,924 SH   DFND   19,924 0 0
AFTY ETP 12649L105 566 36,770 SH   DFND   36,770 0 0
JJC ETP 06739F101 566 18,397 SH   DFND   18,397 0 0
KBE ETP 78464A797 564 12,971 SH   DFND   12,971 0 0
HYD ETP 92189F361 560 18,107 SH   DFND   18,107 0 0
FTGC ETP 33739H101 557 28,279 SH   DFND   28,279 0 0
FDT ETP 33737J174 549 9,933 SH   DFND   9,933 0 0
CIU ETP 464288638 536 4,886 SH   DFND   4,886 0 0
DOO ETP 97717W786 525 12,873 SH   DFND   12,873 0 0
BRAZ ETP 37950E788 514 53,642 SH   DFND   53,642 0 0
VCLT ETP 92206C813 487 5,221 SH   DFND   5,221 0 0
EFV ETP 464288877 486 9,392 SH   DFND   9,392 0 0
KWEB ETP 500767306 479 10,002 SH   DFND   10,002 0 0
BSV ETP 921937827 477 5,973 SH   DFND   5,973 0 0
PIZ ETP 73936Q108 466 18,130 SH   DFND   18,130 0 0
IDMO ETP 73937B696 444 17,772 SH   DFND   17,772 0 0
DFJ ETP 97717W836 441 6,292 SH   DFND   6,292 0 0
DBMX ETP 233051796 440 21,059 SH   DFND   21,059 0 0
RSX ETP 92189F403 440 22,933 SH   DFND   22,933 0 0
HEWW ETP 46435G805 439 20,593 SH   DFND   20,593 0 0
EMGF ETP 46434G889 437 10,260 SH   DFND   10,260 0 0
CHII ETP 37950E705 436 31,183 SH   DFND   31,183 0 0
ACWX ETP 464288240 431 9,460 SH   DFND   9,460 0 0
QEMM ETP 78463X426 410 7,038 SH   DFND   7,038 0 0
DXGE ETP 97717W448 408 13,520 SH   DFND   13,520 0 0
NEAR ETP 46431W507 404 8,036 SH   DFND   8,036 0 0
HYLS ETP 33738D408 397 8,067 SH   DFND   8,067 0 0
EWQ ETP 464286707 386 13,405 SH   DFND   13,405 0 0
BNDX ETP 92203J407 383 7,047 SH   DFND   7,047 0 0
DTH ETP 97717W802 379 9,080 SH   DFND   9,080 0 0
WEAT ETP 88166A508 372 47,537 SH   DFND   47,537 0 0
GSY ETP 18383M654 367 7,295 SH   DFND   7,295 0 0
DLS ETP 97717W760 359 5,165 SH   DFND   5,165 0 0
ROAM ETP 518416201 358 15,354 SH   DFND   15,354 0 0
ASEA ETP 37950E648 354 23,409 SH   DFND   23,409 0 0
INXX ETP 19762B806 353 26,589 SH   DFND   26,589 0 0
FGM ETP 33737J190 351 8,098 SH   DFND   8,098 0 0
FKU ETP 33737J224 351 9,745 SH   DFND   9,745 0 0
EMIF ETP 464288216 346 10,806 SH   DFND   10,806 0 0
EFAD ETP 74347B839 342 9,324 SH   DFND   9,324 0 0
IYZ ETP 464287713 340 10,554 SH   DFND   10,554 0 0
IDLB ETP 73937B480 340 12,151 SH   DFND   12,151 0 0
VWOB ETP 921946885 340 4,242 SH   DFND   4,242 0 0
PXF ETP 73936T789 337 8,067 SH   DFND   8,067 0 0
REET ETP 46434V647 327 12,836 SH   DFND   12,836 0 0
DXPS ETP 97717W349 326 13,642 SH   DFND   13,642 0 0
EWN ETP 464286814 309 10,698 SH   DFND   10,698 0 0
DDLS ETP 97717X271 307 10,100 SH   DFND   10,100 0 0
QAT ETP 46434V779 301 18,378 SH   DFND   18,378 0 0
TFI ETP 78468R721 298 6,126 SH   DFND   6,126 0 0
DAG ETP 25154H558 293 87,710 SH   DFND   87,710 0 0
TLTD ETP 33939L803 293 4,640 SH   DFND   4,640 0 0
EDEN ETP 46429B523 291 4,647 SH   DFND   4,647 0 0
GCC ETP 97718W108 278 14,900 SH   DFND   14,900 0 0
BRAQ ETP 37950E846 277 21,181 SH   DFND   21,181 0 0
EIRL ETP 46429B507 275 6,307 SH   DFND   6,307 0 0
IDHQ ETP 73936T805 272 12,125 SH   DFND   12,125 0 0
ENZL ETP 464289123 271 5,856 SH   DFND   5,856 0 0
GSP ETP 06738C794 269 20,895 SH   DFND   20,895 0 0
PSAU ETP 73936Q876 269 14,193 SH   DFND   14,193 0 0
SMH ETP 92189F676 268 3,271 SH   DFND   3,271 0 0
GULF ETP 97717X305 268 15,984 SH   DFND   15,984 0 0
UAE ETP 46434V761 266 15,915 SH   DFND   15,915 0 0
FEP ETP 33737J117 260 7,462 SH   DFND   7,462 0 0
BSCH ETP 18383M548 252 11,167 SH   DFND   11,167 0 0
GOEX ETP 37954Y863 246 10,840 SH   DFND   10,840 0 0
SCIN ETP 19762B889 245 12,728 SH   DFND   12,728 0 0
IHDG ETP 97717X594 242 8,184 SH   DFND   8,184 0 0
TOTL ETP 78467V848 236 4,805 SH   DFND   4,805 0 0
URTH ETP 464286392 236 2,932 SH   DFND   2,932 0 0
FJP ETP 33737J158 234 4,470 SH   DFND   4,470 0 0
RXI ETP 464288745 231 2,332 SH   DFND   2,332 0 0
IFV ETP 33738R886 221 11,239 SH   DFND   11,239 0 0
DIM ETP 97717W778 219 3,436 SH   DFND   3,436 0 0
FNI ETP 33733A102 211 6,025 SH   DFND   6,025 0 0
IEUR ETP 46434V738 210 4,487 SH   DFND   4,487 0 0
FSZ ETP 33737J232 205 4,210 SH   DFND   4,210 0 0
DNL ETP 97717W844 200 3,755 SH   DFND   3,755 0 0
CHIE ETP 37950E507 191 17,921 SH   DFND   17,921 0 0
RJA ETP 870297603 183 28,702 SH   DFND   28,702 0 0
PGAL ETP 37950E192 153 13,606 SH   DFND   13,606 0 0
RJN ETP 870297306 63 28,600 SH   DFND   28,600 0 0
GRU ETP 870297215 56 14,080 SH   DFND   14,080 0 0
GAZ ETP 06739H644 8 27,312 SH   DFND   27,312 0 0
UN NY Reg Shrs 904784709 34,030 615,711 SH   DFND   615,711 0 0
IRM REIT 46284V101 268 7,790 SH   DFND   7,790 0 0