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
ABBVIE INC COM 00287Y109 494 5,216 SH   DFND   0 0 5,216
ABIOMED INC COM 003654100 85 293 SH   DFND   0 0 293
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 264 1,720 SH   DFND   0 0 1,720
ACUITY BRANDS INC COM 00508Y102 112 808 SH   DFND   0 0 808
ADIENT PLC ORD SHS G0084W101 44 743 SH   DFND   0 0 743
ADOBE SYS INC COM 00724F101 747 3,456 SH   DFND   0 0 3,456
ADURO BIOTECH INC COM 00739L101 31 3,333 SH   DFND   0 0 3,333
AERIE PHARMACEUTICALS INC COM 00771V108 72 1,318 SH   DFND   0 0 1,318
AFFILIATED MANAGERS GROUP COM 008252108 215 1,134 SH   DFND   0 0 1,134
AFLAC INC COM 001055102 1,502 34,317 SH   DFND   0 0 34,317
AGCO CORP COM 001084102 231 3,565 SH   DFND   0 0 3,565
AGILENT TECHNOLOGIES INC COM 00846U101 295 4,406 SH   DFND   0 0 4,406
AKAMAI TECHNOLOGIES INC COM 00971T101 64 901 SH   DFND   0 0 901
ALCOA CORP COM 013872106 196 4,359 SH   DFND   0 0 4,359
ALDER BIOPHARMACEUTICALS INC COM 014339105 44 3,432 SH   DFND   0 0 3,432
ALIGN TECHNOLOGY INC COM 016255101 63 251 SH   DFND   0 0 251
ALLEGION PUB LTD CO ORD SHS G0176J109 297 3,483 SH   DFND   0 0 3,483
ALLERGAN PLC SHS G0177J108 7 44 SH   DFND   0 0 44
ALLIANCE DATA SYSTEMS CORP COM 018581108 228 1,071 SH   DFND   0 0 1,071
ALLSTATE CORP COM 020002101 1,650 17,407 SH   DFND   0 0 17,407
ALPHABET INC CAP STK CL A 02079K305 3,577 3,449 SH   DFND   0 0 3,449
ALTRIA GROUP INC COM 02209S103 788 12,642 SH   DFND   0 0 12,642
AMAZON COM INC COM 023135106 2,867 1,981 SH   DFND   0 0 1,981
AMBEV SA SPONSORED ADR 02319V103 149,236 20,527,728 SH   SOLE   911,175 0 19,616,553
AMDOCS LTD SHS G02602103 107 1,607 SH   DFND   0 0 1,607
AMERCO COM 023586100 107 309 SH   DFND   0 0 309
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 33,431 1,751,235 SH   SOLE   1,109,347 0 641,888
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 19 957 SH   DFND   0 0 957
AMERICAN EXPRESS CO COM 025816109 361 3,875 SH   DFND   0 0 3,875
AMERIPRISE FINL INC COM 03076C106 1,323 8,942 SH   DFND   0 0 8,942
AMETEK INC NEW COM 031100100 256 3,364 SH   DFND   0 0 3,364
AMGEN INC COM 031162100 1,192 6,992 SH   DFND   0 0 6,992
ANDEAVOR COM 03349M105 566 5,629 SH   DFND   0 0 5,629
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 252 2,295 SH   DFND   0 0 2,295
ANTHEM INC COM 036752103 604 2,749 SH   DFND   0 0 2,749
APPLE INC COM 037833100 43,351 258,379 SH   DFND   0 0 258,379
APPLIED MATLS INC COM 038222105 1,521 27,354 SH   DFND   0 0 27,354
APTIV PLC SHS G6095L109 195 2,292 SH   DFND   0 0 2,292
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 10 303 SH   DFND   0 0 303
ARCUS BIOSCIENCES INC COM 03969F109 6 384 SH   DFND   0 0 384
ARDAGH GROUP S A CL A L0223L101 52 2,757 SH   DFND   0 0 2,757
ARROW ELECTRS INC COM 042735100 464 6,022 SH   DFND   0 0 6,022
ASSURANT INC COM 04621X108 840 9,190 SH   DFND   0 0 9,190
ASSURED GUARANTY LTD COM G0585R106 923 25,502 SH   DFND   0 0 25,502
ASTRAZENECA PLC SPONSORED ADR 046353108 385 11,005 SH   DFND   0 0 11,005
ATHENE HLDG LTD CL A G0684D107 298 6,239 SH   DFND   0 0 6,239
AUDENTES THERAPEUTICS INC COM 05070R104 29 949 SH   DFND   0 0 949
AUTOZONE INC COM 053332102 356 549 SH   DFND   0 0 549
AVALON HLDGS CORP CL A 05343P109 280 1,187 SH   DFND   0 0 1,187
AVANGRID INC COM 05351W103 370 7,243 SH   DFND   0 0 7,243
AVERY DENNISON CORP COM 053611109 520 4,890 SH   DFND   0 0 4,890
AVNET INC COM 053807103 377 9,019 SH   DFND   0 0 9,019
AVON PRODS INC COM 054303102 38 13,405 SH   DFND   0 0 13,405
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 27 462 SH   DFND   0 0 462
AZUL S A SPONSR ADR PFD 05501U106 13,083 376,490 SH   DFND   0 0 376,490
BAKER HUGHES A GE CO CL A 05722G100 366 13,174 SH   DFND   0 0 13,174
BANCO BRADESCO S A SP ADR PFD NEW 059460303 158,122 13,309,928 SH   SOLE   1,635,552 0 11,674,376
BANCO MACRO SA SPON ADR B 05961W105 951 8,810 SH   DFND   0 0 8,810
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 7,853 234,352 SH   SOLE   148,584 0 85,768
BANK AMER CORP COM 060505104 3,211 107,082 SH   DFND   0 0 107,082
BAXTER INTL INC COM 071813109 1,112 17,095 SH   DFND   0 0 17,095
BB&T CORP COM 054937107 314 6,030 SH   DFND   0 0 6,030
BED BATH & BEYOND INC COM 075896100 349 16,633 SH   DFND   0 0 16,633
BEST BUY INC COM 086516101 1,182 16,881 SH   DFND   0 0 16,881
BGC PARTNERS INC CL A 05541T101 40 2,977 SH   DFND   0 0 2,977
BIG LOTS INC COM 089302103 83 1,904 SH   DFND   0 0 1,904
BIO RAD LABS INC CL A 090572207 66 263 SH   DFND   0 0 263
BIOGEN INC COM 09062X103 1,205 4,399 SH   DFND   0 0 4,399
BIOHAVEN PHARMACTL HLDG CO L COM G11196105 54 2,093 SH   DFND   0 0 2,093
BLACKROCK INC COM 09247X101 1,105 2,039 SH   DFND   0 0 2,039
BLOCK H & R INC COM 093671105 180 7,091 SH   DFND   0 0 7,091
BLUCORA INC COM 095229100 365 14,820 SH   DFND   0 0 14,820
BLUEBIRD BIO INC COM 09609G100 40 232 SH   DFND   0 0 232
BOEING CO COM 097023105 3,614 11,021 SH   DFND   0 0 11,021
BOOKING HLDGS INC COM 09857L108 48 23 SH   DFND   0 0 23
BOOZ ALLEN HAMILTON HLDG COR CL A 099502106 53 1,379 SH   DFND   0 0 1,379
BORGWARNER INC COM 099724106 307 6,109 SH   DFND   0 0 6,109
BOSTON BEER INC CL A 100557107 22 119 SH   DFND   0 0 119
BOSTON SCIENTIFIC CORP COM 101137107 286 10,471 SH   DFND   0 0 10,471
BP PLC SPONSORED ADR 055622104 316 7,795 SH   DFND   0 0 7,795
BRASKEM S A SP ADR PFD A 105532105 1,262 43,522 SH   DFND   0 0 43,522
BRF SA SPONSORED ADR 10552T107 3,623 523,518 SH   SOLE   395,593 0 127,925
BRISTOL MYERS SQUIBB CO COM 110122108 1,196 18,914 SH   DFND   0 0 18,914
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 665 11,526 SH   DFND   0 0 11,526
BRIXMOR PPTY GROUP INC COM 11120U105 91 5,977 SH   DFND   0 0 5,977
BROOKDALE SR LIVING INC COM 112463104 60 8,947 SH   DFND   0 0 8,947
BRUKER CORP COM 116794108 98 3,274 SH   DFND   0 0 3,274
BRUNSWICK CORP COM 117043109 699 11,777 SH   DFND   0 0 11,777
BURLINGTON STORES INC COM 122017106 698 5,243 SH   DFND   0 0 5,243
BWX TECHNOLOGIES INC COM 05605H100 52 819 SH   DFND   0 0 819
CABOT CORP COM 127055101 322 5,770 SH   DFND   0 0 5,770
CADENCE DESIGN SYSTEM INC COM 127387108 301 8,181 SH   DFND   0 0 8,181
CALITHERA BIOSCIENCES INC COM 13089P101 9 1,455 SH   DFND   0 0 1,455
CAMPBELL SOUP CO COM 134429109 1,131 26,122 SH   DFND   0 0 26,122
CAPITAL ONE FINL CORP COM 14040H105 453 4,730 SH   DFND   0 0 4,730
CARDINAL HEALTH INC COM 14149Y108 301 4,806 SH   DFND   0 0 4,806
CARLISLE COS INC COM 142339100 15 147 SH   DFND   0 0 147
CARNIVAL CORP UNIT 99/99/9999 143658300 101 1,534 SH   DFND   0 0 1,534
CATERPILLAR INC DEL COM 149123101 576 3,905 SH   DFND   0 0 3,905
CDW CORP COM 12514G108 270 3,843 SH   DFND   0 0 3,843
CELANESE CORP DEL COM SER A 150870103 608 6,070 SH   DFND   0 0 6,070
CELGENE CORP COM 151020104 1,702 19,082 SH   DFND   0 0 19,082
CEMEX SAB DE CV SPON ADR NEW 151290889 16,507 2,493,476 SH   SOLE   1,780,502 0 712,974
CENTENE CORP DEL COM 15135B101 650 6,085 SH   DFND   0 0 6,085
CERNER CORP COM 156782104 314 5,412 SH   DFND   0 0 5,412
CHARLES RIV LABS INTL INC COM 159864107 515 4,825 SH   DFND   0 0 4,825
CHEMOURS CO COM 163851108 734 15,065 SH   DFND   0 0 15,065
CHESAPEAKE ENERGY CORP COM 165167107 158 52,178 SH   DFND   0 0 52,178
CHEVRON CORP NEW COM 166764100 464 4,069 SH   DFND   0 0 4,069
CIGNA CORPORATION COM 125509109 1,074 6,400 SH   DFND   0 0 6,400
CINEMARK HOLDINGS INC COM 17243V102 51 1,343 SH   DFND   0 0 1,343
CIRRUS LOGIC INC COM 172755100 79 1,941 SH   DFND   0 0 1,941
CISCO SYS INC COM 17275R102 992 23,123 SH   DFND   0 0 23,123
CITIGROUP INC COM NEW 172967424 537 7,958 SH   DFND   0 0 7,958
CITIZENS FINL GROUP INC COM 174610105 480 11,437 SH   DFND   0 0 11,437
CLEARSIDE BIOMEDICAL INC COM 185063104 4 416 SH   DFND   0 0 416
CNO FINL GROUP INC COM 12621E103 214 9,853 SH   DFND   0 0 9,853
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 524 6,508 SH   DFND   0 0 6,508
COHEN & STEERS INC COM 19247A100 240 5,907 SH   DFND   0 0 5,907
COHERUS BIOSCIENCES INC COM 19249H103 43 3,908 SH   DFND   0 0 3,908
COLFAX CORP COM 194014106 163 5,099 SH   DFND   0 0 5,099
COLGATE PALMOLIVE CO COM 194162103 111 1,542 SH   DFND   0 0 1,542
COMCAST CORP NEW CL A 20030N101 2,078 60,828 SH   DFND   0 0 60,828
COMERICA INC COM 200340107 204 2,128 SH   DFND   0 0 2,128
COMMERCE BANCSHARES INC COM 200525103 177 2,957 SH   DFND   0 0 2,957
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 2,186 108,229 SH   SOLE   47,412 0 60,817
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 3,203 1,217,900 SH   SOLE   785,800 0 432,100
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 7,988 524,500 SH   SOLE   335,400 0 189,100
CONAGRA BRANDS INC COM 205887102 145 3,931 SH   DFND   0 0 3,931
CONSOLIDATED EDISON INC COM 209115104 23 297 SH   DFND   0 0 297
CONSTELLATION BRANDS INC CL A 21036P108 1,490 6,538 SH   DFND   0 0 6,538
CONVERGYS CORP COM 212485106 48 2,112 SH   DFND   0 0 2,112
COSTCO WHSL CORP NEW COM 22160K105 340 1,803 SH   DFND   0 0 1,803
CRANE CO COM 224399105 228 2,457 SH   DFND   0 0 2,457
CREDICORP LTD COM G2519Y108 14,323 63,086 SH   SOLE   33,165 0 29,921
CRESUD S A C I F Y A SPONSORED ADR 226406106 887 44,009 SH   DFND   0 0 44,009
CSX CORP COM 126408103 228 4,096 SH   DFND   0 0 4,096
CUMMINS INC COM 231021106 733 4,521 SH   DFND   0 0 4,521
CURTISS WRIGHT CORP COM 231561101 293 2,169 SH   DFND   0 0 2,169
CVS HEALTH CORP COM 126650100 859 13,804 SH   DFND   0 0 13,804
D R HORTON INC COM 23331A109 414 9,433 SH   DFND   0 0 9,433
DANA INCORPORATED COM 235825205 497 19,301 SH   DFND   0 0 19,301
DANAHER CORP DEL COM 235851102 871 8,894 SH   DFND   0 0 8,894
DARDEN RESTAURANTS INC COM 237194105 243 2,850 SH   DFND   0 0 2,850
DAVITA INC COM 23918K108 261 3,960 SH   DFND   0 0 3,960
DEAN FOODS CO NEW COM NEW 242370203 18 2,141 SH   DFND   0 0 2,141
DEERE & CO COM 244199105 324 2,085 SH   DFND   0 0 2,085
DELPHI TECHNOLOGIES PLC SHS G2709G107 25 529 SH   DFND   0 0 529
DELTA AIR LINES INC DEL COM NEW 247361702 253 4,623 SH   DFND   0 0 4,623
DERMIRA INC COM 24983L104 31 3,910 SH   DFND   0 0 3,910
DEVON ENERGY CORP NEW COM 25179M103 648 20,383 SH   DFND   0 0 20,383
DIAMOND OFFSHORE DRILLING IN COM 25271C102 39 2,636 SH   DFND   0 0 2,636
DIAMONDBACK ENERGY INC COM 25278X109 81 644 SH   DFND   0 0 644
DISCOVER FINL SVCS COM 254709108 588 8,169 SH   DFND   0 0 8,169
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 104 5,345 SH   DFND   0 0 5,345
DISNEY WALT CO COM DISNEY 254687106 1,174 11,688 SH   DFND   0 0 11,688
DOLBY LABORATORIES INC COM 25659T107 145 2,283 SH   DFND   0 0 2,283
DOLLAR GEN CORP NEW COM 256677105 678 7,250 SH   DFND   0 0 7,250
DOLLAR TREE INC COM 256746108 928 9,775 SH   DFND   0 0 9,775
DOWDUPONT INC COM 26078J100 465 7,303 SH   DFND   0 0 7,303
DST SYS INC DEL COM 233326107 151 1,809 SH   DFND   0 0 1,809
DUN & BRADSTREET CORP DEL NE COM 26483E100 278 2,378 SH   DFND   0 0 2,378
DXC TECHNOLOGY CO COM 23355L106 59 585 SH   DFND   0 0 585
EASTMAN CHEM CO COM 277432100 550 5,206 SH   DFND   0 0 5,206
EATON CORP PLC SHS G29183103 682 8,529 SH   DFND   0 0 8,529
EBAY INC COM 278642103 2,233 55,492 SH   DFND   0 0 55,492
EDISON INTL COM 281020107 963 15,133 SH   DFND   0 0 15,133
ELECTRONIC ARTS INC COM 285512109 687 5,664 SH   DFND   0 0 5,664
EMBRAER S A SP ADR REP 4 COM 29082A107 7,186 276,393 SH   SOLE   150,200 0 126,193
EMCOR GROUP INC COM 29084Q100 16 202 SH   DFND   0 0 202
EMERSON ELEC CO COM 291011104 325 4,756 SH   DFND   0 0 4,756
ENEL AMERICAS S A SPONSORED ADR 29274F104 4,287 368,900 SH   SOLE   239,100 0 129,800
ENEL CHILE S A SPONSORED ADR 29278D105 2,044 319,300 SH   SOLE   178,100 0 141,200
ENEL GENERACION CHILE S A SPONSORED ADR 29244T101 11 470 SH   SOLE   470 0 0
ENERGEN CORP COM 29265N108 85 1,360 SH   DFND   0 0 1,360
ENERSYS COM 29275Y102 64 916 SH   DFND   0 0 916
EPR PPTYS COM SH BEN INT 26884U109 32 586 SH   DFND   0 0 586
EQUIFAX INC COM 294429105 142 1,205 SH   DFND   0 0 1,205
ESTERLINE TECHNOLOGIES CORP COM 297425100 241 3,289 SH   DFND   0 0 3,289
EVEREST RE GROUP LTD COM G3223R108 77 299 SH   DFND   0 0 299
EVOLUS INC COM 30052C107 11 1,184 SH   DFND   0 0 1,184
EXELIXIS INC COM 30161Q104 736 33,212 SH   DFND   0 0 33,212
EXELON CORP COM 30161N101 1,045 26,796 SH   DFND   0 0 26,796
EXPEDIA GROUP INC COM NEW 30212P303 344 3,118 SH   DFND   0 0 3,118
EXPEDITORS INTL WASH INC COM 302130109 360 5,681 SH   DFND   0 0 5,681
EXPRESS SCRIPTS HLDG CO COM 30219G108 632 9,155 SH   DFND   0 0 9,155
EXXON MOBIL CORP COM 30231G102 56 749 SH   DFND   0 0 749
F5 NETWORKS INC COM 315616102 397 2,743 SH   DFND   0 0 2,743
FACEBOOK INC CL A 30303M102 2,611 16,338 SH   DFND   0 0 16,338
FAIR ISAAC CORP COM 303250104 46 270 SH   DFND   0 0 270
FEDEX CORP COM 31428X106 166 693 SH   DFND   0 0 693
FIBRIA CELULOSE S A SP ADR REP COM 31573A109 228 11,700 SH   SOLE   6,500 0 5,200
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 93 2,334 SH   DFND   0 0 2,334
FIRST SOLAR INC COM 336433107 575 8,105 SH   DFND   0 0 8,105
FIVE PRIME THERAPEUTICS INC COM 33830X104 11 616 SH   DFND   0 0 616
FLEETCOR TECHNOLOGIES INC COM 339041105 321 1,584 SH   DFND   0 0 1,584
FLEX LTD ORD Y2573F102 777 47,603 SH   DFND   0 0 47,603
FLIR SYS INC COM 302445101 285 5,705 SH   DFND   0 0 5,705
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 34,090 372,849 SH   SOLE   235,816 0 137,033
FOOT LOCKER INC COM 344849104 1,291 28,344 SH   DFND   0 0 28,344
FORTIVE CORP COM 34959J108 678 8,740 SH   DFND   0 0 8,740
FORTUNE BRANDS HOME & SEC IN COM 34964C106 323 5,489 SH   DFND   0 0 5,489
FRANKLIN RES INC COM 354613101 659 19,014 SH   DFND   0 0 19,014
FREEPORT-MCMORAN INC CL B 35671D857 33 1,884 SH   DFND   0 0 1,884
FRESH DEL MONTE PRODUCE INC ORD G36738105 178 3,925 SH   DFND   0 0 3,925
G1 THERAPEUTICS INC COM 3621LQ109 7 184 SH   DFND   0 0 184
GALLAGHER ARTHUR J & CO COM 363576109 4 57 SH   DFND   0 0 57
GAP INC DEL COM 364760108 310 9,948 SH   DFND   0 0 9,948
GARMIN LTD SHS H2906T109 394 6,683 SH   DFND   0 0 6,683
GENERAL DYNAMICS CORP COM 369550108 75 339 SH   DFND   0 0 339
GENERAL MLS INC COM 370334104 394 8,741 SH   DFND   0 0 8,741
GENERAL MTRS CO COM 37045V100 1,423 39,165 SH   DFND   0 0 39,165
GENPACT LIMITED SHS G3922B107 355 11,082 SH   DFND   0 0 11,082
GERDAU S A SPON ADR REP PFD 373737105 5,455 1,170,700 SH   SOLE   748,200 0 422,500
GILEAD SCIENCES INC COM 375558103 2,394 31,749 SH   DFND   0 0 31,749
GLOBAL BLOOD THERAPEUTICS IN COM 37890U108 39 809 SH   DFND   0 0 809
GLYCOMIMETICS INC COM 38000Q102 58 3,570 SH   DFND   0 0 3,570
GOLDMAN SACHS GROUP INC COM 38141G104 554 2,199 SH   DFND   0 0 2,199
GOODYEAR TIRE & RUBR CO COM 382550101 78 2,921 SH   DFND   0 0 2,921
GRACE W R & CO DEL NEW COM 38388F108 14 233 SH   DFND   0 0 233
GRAINGER W W INC COM 384802104 699 2,477 SH   DFND   0 0 2,477
GREENBRIER COS INC COM 393657101 83 1,661 SH   DFND   0 0 1,661
GRUPO FINANCIERO SANTANDER M SPON ADR SHS B 40053C105 404 33,577 SH   DFND   0 0 33,577
GRUPO SUPERVIELLE S A SPONSORED ADR 40054A108 7,759 255,716 SH   SOLE   152,113 0 103,603
HALLIBURTON CO COM 406216101 494 10,524 SH   DFND   0 0 10,524
HANESBRANDS INC COM 410345102 243 13,210 SH   DFND   0 0 13,210
HARRIS CORP DEL COM 413875105 329 2,040 SH   DFND   0 0 2,040
HARTFORD FINL SVCS GROUP INC COM 416515104 316 6,132 SH   DFND   0 0 6,132
HASBRO INC COM 418056107 276 3,279 SH   DFND   0 0 3,279
HCA HEALTHCARE INC COM 40412C101 1,087 11,206 SH   DFND   0 0 11,206
HD SUPPLY HLDGS INC COM 40416M105 142 3,737 SH   DFND   0 0 3,737
HERSHEY CO COM 427866108 449 4,538 SH   DFND   0 0 4,538
HILTON WORLDWIDE HLDGS INC COM 43300A203 1,212 15,391 SH   DFND   0 0 15,391
HOME DEPOT INC COM 437076102 277 1,555 SH   DFND   0 0 1,555
HONEYWELL INTL INC COM 438516106 1,340 9,275 SH   DFND   0 0 9,275
HOSTESS BRANDS INC CL A 44109J106 224 15,145 SH   DFND   0 0 15,145
HP INC COM 40434L105 259 11,816 SH   DFND   0 0 11,816
HUBBELL INC COM 443510607 129 1,057 SH   DFND   0 0 1,057
HUBSPOT INC COM 443573100 132 1,220 SH   DFND   0 0 1,220
HUMANA INC COM 444859102 1,746 6,496 SH   DFND   0 0 6,496
HUNTINGTON INGALLS INDS INC COM 446413106 668 2,590 SH   DFND   0 0 2,590
HUNTSMAN CORP COM 447011107 61 2,081 SH   DFND   0 0 2,081
HYATT HOTELS CORP COM CL A 448579102 158 2,069 SH   DFND   0 0 2,069
IAC INTERACTIVECORP COM 44919P508 756 4,837 SH   DFND   0 0 4,837
ILLINOIS TOOL WKS INC COM 452308109 556 3,548 SH   DFND   0 0 3,548
IMPAX LABORATORIES INC COM 45256B101 119 6,104 SH   DFND   0 0 6,104
INGERSOLL-RAND PLC SHS G47791101 612 7,155 SH   DFND   0 0 7,155
INGREDION INC COM 457187102 296 2,293 SH   DFND   0 0 2,293
INSTALLED BLDG PRODS INC COM 45780R101 129 2,142 SH   DFND   0 0 2,142
INTEL CORP COM 458140100 455 8,727 SH   DFND   0 0 8,727
INTERNATIONAL BUSINESS MACHS COM 459200101 1,066 6,949 SH   DFND   0 0 6,949
INTERPUBLIC GROUP COS INC COM 460690100 642 27,862 SH   DFND   0 0 27,862
INTL PAPER CO COM 460146103 289 5,408 SH   DFND   0 0 5,408
INVESCO LTD SHS G491BT108 529 16,524 SH   DFND   0 0 16,524
IPG PHOTONICS CORP COM 44980X109 86 369 SH   DFND   0 0 369
IRONWOOD PHARMACEUTICALS INC COM CL A 46333X108 53 3,453 SH   DFND   0 0 3,453
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 2,667 112,775 SH   SOLE   72,224 0 40,551
IRSA PROPIEDADES COMERCIALES SPONSORED ADR 463588103 1,113 25,000 SH   DFND   0 0 25,000
ISHARES INC CORE MSCI EMKT 46434G103 5,174 88,600 SH   DFND   0 0 88,600
ISHARES INC MIN VOL EMRG MKT 464286533 6,971 111,819 SH Call DFND   0 0 111,819
ISHARES INC MIN VOL GBL ETF 464286525 1,534 18,300 SH Call DFND   0 0 18,300
ISHARES INC MSCI EM ASIA ETF 464286426 2,893 38,600 SH   DFND   0 0 38,600
ISHARES INC MSCI EURZONE ETF 464286608 7,176 165,531 SH   DFND   0 0 165,531
ISHARES INC MSCI FRANCE ETF 464286707 1,544 49,166 SH   DFND   0 0 49,166
ISHARES INC MSCI GERMANY ETF 464286806 1,560 48,702 SH   DFND   0 0 48,702
ISHARES INC MSCI JPN ETF NEW 46434G822 76,589 1,262,177 SH   SOLE   738,561 0 523,616
ISHARES INC MSCI PAC JP ETF 464286665 492 10,600 SH   DFND   0 0 10,600
ISHARES INC MSCI STH AFR ETF 464286780 357 5,200 SH   DFND   0 0 5,200
ISHARES INC MSCI STH KOR ETF 464286772 4,966 65,820 SH   DFND   0 0 65,820
ISHARES INC MSCI CDA ETF 464286509 138 5,000 SH   DFND   0 0 5,000
ISHARES INC MSCI TAIWAN ETF 46434G772 2,221 57,940 SH   DFND   0 0 57,940
ISHARES INC MSCI BRAZIL ETF 464286400 18,065 402,515 SH   DFND   0 0 402,515
ISHARES INC MSCI BRAZIL ETF 464286900 3,081,366 2,401 SH Call DFND   0 0 2,401
ISHARES INC MSCI MEXICO ETF 464286822 44 850 SH   DFND   0 0 850
ISHARES INC MSCI ITALY ETF 46434G830 477 14,837 SH   DFND   0 0 14,837
ISHARES INC MSCI SPAIN ETF 464286764 918 28,250 SH   DFND   0 0 28,250
ISHARES TR CHINA LG-CAP ETF 464287184 9,599 203,200 SH   DFND   0 0 203,200
ISHARES TR CUR HD EURZN ETF 46434V639 4,245 144,700 SH   DFND   0 0 144,700
ISHARES TR IBOXX HI YD ETF 464288513 253 2,950 SH   DFND   0 0 2,950
ISHARES TR IBOXX INV CP ETF 464287242 5,151 43,875 SH   SOLE   75 0 43,800
ISHARES TR LATN AMER 40 ETF 464287390 14,527 386,655 SH   DFND   0 0 386,655
ISHARES TR MSCI ACWI ETF 464288257 9,014 125,725 SH   DFND   0 0 125,725
ISHARES TR MSCI EAFE ETF 464287465 31,096 446,270 SH   DFND   0 0 446,270
ISHARES TR MSCI EMG MKT ETF 464287234 29,143 603,631 SH   SOLE   94,120 0 509,511
ISHARES TR MSCI EMG MKT ETF 464287904 5,773,032 1,800 SH Call DFND   0 0 1,800
ISHARES TR MSCI UK ETF NEW 46435G334 25 709 SH   DFND   0 0 709
ISHARES TR RUSSELL 2000 ETF 464287655 16,322 107,505 SH   DFND   0 0 107,505
ISHARES TR TIPS BD ETF 464287176 5,315 47,016 SH   SOLE   47,016 0 0
ISHARES TR MSCI MEXICO 46435G805 8,889 172,542 SH   DFND   0 0 172,542
ISHARES TR CORE S&P500 ETF 464287200 12,106 45,620 SH   DFND   0 0 45,620
ISHARES TR MSCI CHINA ETF 46429B671 357 5,200 SH   DFND   0 0 5,200
ISHARES TR INTRMD CR BD ETF 464288638 725 6,762 SH   SOLE   6,762 0 0
ISHARES TR SHORT TREAS BD 464288679 23,478 212,724 SH   SOLE   212,724 0 0
ISHARES TR JPMORGAN USD EMG 464288281 2,256 20,000 SH   DFND   0 0 20,000
ISHARES TR HDG MSCI EAFE 46434V803 2,079 72,400 SH   DFND   0 0 72,400
ISHARES TR MSCI EURO FL ETF 464289180 3,121 135,100 SH   DFND   0 0 135,100
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 46,952 3,009,767 SH   SOLE   1,957,931 0 1,051,836
ITT INC COM 45073V108 254 5,192 SH   DFND   0 0 5,192
JACOBS ENGR GROUP INC DEL COM 469814107 26 435 SH   DFND   0 0 435
JETBLUE AIRWAYS CORP COM 477143101 210 10,354 SH   DFND   0 0 10,354
JOHNSON & JOHNSON COM 478160104 907 7,081 SH   DFND   0 0 7,081
JOUNCE THERAPEUTICS INC COM 481116101 18 806 SH   DFND   0 0 806
JPMORGAN CHASE & CO COM 46625H100 1,828 16,626 SH   DFND   0 0 16,626
JUNIPER NETWORKS INC COM 48203R104 781 32,098 SH   DFND   0 0 32,098
KALA PHARMACEUTICALS INC COM 483119103 27 1,708 SH   DFND   0 0 1,708
KANSAS CITY SOUTHERN COM NEW 485170302 361 3,285 SH   DFND   0 0 3,285
KAR AUCTION SVCS INC COM 48238T109 31 567 SH   DFND   0 0 567
KARYOPHARM THERAPEUTICS INC COM 48576U106 47 3,490 SH   DFND   0 0 3,490
KELLOGG CO COM 487836108 428 6,581 SH   DFND   0 0 6,581
KEYCORP NEW COM 493267108 292 14,927 SH   DFND   0 0 14,927
KIMBERLY CLARK CORP COM 494368103 502 4,556 SH   DFND   0 0 4,556
KLA-TENCOR CORP COM 482480100 791 7,260 SH   DFND   0 0 7,260
KNIGHT SWIFT TRANSN HLDGS IN CL A 499049104 19 417 SH   DFND   0 0 417
KOHLS CORP COM 500255104 682 10,403 SH   DFND   0 0 10,403
KROGER CO COM 501044101 27 1,130 SH   DFND   0 0 1,130
L3 TECHNOLOGIES INC COM 502413107 297 1,427 SH   DFND   0 0 1,427
LABORATORY CORP AMER HLDGS COM NEW 50540R409 1,004 6,208 SH   DFND   0 0 6,208
LAM RESEARCH CORP COM 512807108 558 2,747 SH   DFND   0 0 2,747
LANCASTER COLONY CORP COM 513847103 22 177 SH   DFND   0 0 177
LAS VEGAS SANDS CORP COM 517834107 265 3,687 SH   DFND   0 0 3,687
LAUDER ESTEE COS INC CL A 518439104 24 159 SH   DFND   0 0 159
LEAR CORP COM NEW 521865204 1,193 6,413 SH   DFND   0 0 6,413
LENNAR CORP CL A 526057104 299 5,069 SH   DFND   0 0 5,069
LEUCADIA NATL CORP COM 527288104 261 11,468 SH   DFND   0 0 11,468
LIBERTY GLOBAL PLC SHS CL C G5480U120 297 9,776 SH   DFND   0 0 9,776
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 491 25,705 SH   DFND   0 0 25,705
LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 84 2,722 SH   DFND   0 0 2,722
LILLY ELI & CO COM 532457108 337 4,353 SH   DFND   0 0 4,353
LINCOLN NATL CORP IND COM 534187109 736 10,069 SH   DFND   0 0 10,069
LKQ CORP COM 501889208 20 529 SH   DFND   0 0 529
LOCKHEED MARTIN CORP COM 539830109 1,192 3,528 SH   DFND   0 0 3,528
LOEWS CORP COM 540424108 429 8,634 SH   DFND   0 0 8,634
LOMA NEGRA CORP SPONSORED ADS 54150E104 10,595 496,961 SH   SOLE   197,082 0 299,879
LOUISIANA PAC CORP COM 546347105 20 691 SH   DFND   0 0 691
LOWES COS INC COM 548661107 770 8,778 SH   DFND   0 0 8,778
LOXO ONCOLOGY INC COM 548862101 73 629 SH   DFND   0 0 629
LULULEMON ATHLETICA INC COM 550021109 225 2,530 SH   DFND   0 0 2,530
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 2,404 22,746 SH   DFND   0 0 22,746
M & T BK CORP COM 55261F104 486 2,638 SH   DFND   0 0 2,638
MACYS INC COM 55616P104 186 6,263 SH   DFND   0 0 6,263
MALLINCKRODT PUB LTD CO SHS G5785G107 38 2,635 SH   DFND   0 0 2,635
MANPOWERGROUP INC COM 56418H100 60 525 SH   DFND   0 0 525
MARATHON PETE CORP COM 56585A102 827 11,312 SH   DFND   0 0 11,312
MARSH & MCLENNAN COS INC COM 571748102 908 10,997 SH   DFND   0 0 10,997
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 460 21,893 SH   DFND   0 0 21,893
MASCO CORP COM 574599106 399 9,872 SH   DFND   0 0 9,872
MASIMO CORP COM 574795100 18 209 SH   DFND   0 0 209
MAXIMUS INC COM 577933104 18 263 SH   DFND   0 0 263
MCDONALDS CORP COM 580135101 350 2,241 SH   DFND   0 0 2,241
MCKESSON CORP COM 58155Q103 2,199 15,612 SH   DFND   0 0 15,612
MEDTRONIC PLC SHS G5960L103 900 11,218 SH   DFND   0 0 11,218
MERCK & CO INC COM 58933Y105 1,616 29,662 SH   DFND   0 0 29,662
METLIFE INC COM 59156R108 342 7,449 SH   DFND   0 0 7,449
MGM RESORTS INTERNATIONAL COM 552953101 456 13,023 SH   DFND   0 0 13,023
MICHAEL KORS HLDGS LTD SHS G60754101 343 5,529 SH   DFND   0 0 5,529
MICROCHIP TECHNOLOGY INC COM 595017104 235 2,569 SH   DFND   0 0 2,569
MICRON TECHNOLOGY INC COM 595112103 2,534 48,595 SH   DFND   0 0 48,595
MICROSOFT CORP COM 594918104 3,361 36,821 SH   DFND   0 0 36,821
MOHAWK INDS INC COM 608190104 212 911 SH   DFND   0 0 911
MOLSON COORS BREWING CO CL B 60871R209 509 6,757 SH   DFND   0 0 6,757
MOMENTA PHARMACEUTICALS INC COM 60877T100 53 2,905 SH   DFND   0 0 2,905
MONSANTO CO NEW COM 61166W101 63 540 SH   DFND   0 0 540
MONSTER BEVERAGE CORP NEW COM 61174X109 215 3,760 SH   DFND   0 0 3,760
MSA SAFETY INC COM 553498106 194 2,331 SH   DFND   0 0 2,331
MSC INDL DIRECT INC CL A 553530106 37 407 SH   DFND   0 0 407
MSCI INC COM 55354G100 104 695 SH   DFND   0 0 695
MYLAN N V SHS EURO N59465109 452 10,981 SH   DFND   0 0 10,981
MYOKARDIA INC COM 62857M105 86 1,756 SH   DFND   0 0 1,756
NASDAQ INC COM 631103108 681 7,902 SH   DFND   0 0 7,902
NATIONAL RETAIL PPTYS INC COM 637417106 145 3,685 SH   DFND   0 0 3,685
NATIONAL VISION HLDGS INC COM 63845R107 368 11,376 SH   DFND   0 0 11,376
NEKTAR THERAPEUTICS COM 640268108 17 162 SH   DFND   0 0 162
NETAPP INC COM 64110D104 585 9,491 SH   DFND   0 0 9,491
NEW YORK TIMES CO CL A 650111107 109 4,507 SH   DFND   0 0 4,507
NEWFIELD EXPL CO COM 651290108 145 5,926 SH   DFND   0 0 5,926
NEWMONT MINING CORP COM 651639106 511 13,081 SH   DFND   0 0 13,081
NEWS CORP NEW CL A 65249B109 16 1,020 SH   DFND   0 0 1,020
NEXTERA ENERGY INC COM 65339F101 445 2,727 SH   DFND   0 0 2,727
NIKE INC CL B 654106103 617 9,285 SH   DFND   0 0 9,285
NORDSTROM INC COM 655664100 211 4,359 SH   DFND   0 0 4,359
NORFOLK SOUTHERN CORP COM 655844108 596 4,388 SH   DFND   0 0 4,388
NORTHERN TR CORP COM 665859104 416 4,034 SH   DFND   0 0 4,034
NORTHROP GRUMMAN CORP COM 666807102 1,350 3,868 SH   DFND   0 0 3,868
NU SKIN ENTERPRISES INC CL A 67018T105 297 4,031 SH   DFND   0 0 4,031
NUANCE COMMUNICATIONS INC COM 67020Y100 32 2,024 SH   DFND   0 0 2,024
NVIDIA CORP COM 67066G104 2,123 9,167 SH   DFND   0 0 9,167
NVR INC COM 62944T105 462 165 SH   DFND   0 0 165
O REILLY AUTOMOTIVE INC NEW COM 67103H107 444 1,793 SH   DFND   0 0 1,793
OCEANEERING INTL INC COM 675232102 109 5,887 SH   DFND   0 0 5,887
OFFICE DEPOT INC COM 676220106 88 40,829 SH   DFND   0 0 40,829
OLD DOMINION FGHT LINES INC COM 679580100 40 271 SH   DFND   0 0 271
OLD REP INTL CORP COM 680223104 25 1,176 SH   DFND   0 0 1,176
OMNICOM GROUP INC COM 681919106 484 6,659 SH   DFND   0 0 6,659
ON SEMICONDUCTOR CORP COM 682189105 242 9,902 SH   DFND   0 0 9,902
ORACLE CORP COM 68389X105 2,153 47,051 SH   DFND   0 0 47,051
OSHKOSH CORP COM 688239201 374 4,845 SH   DFND   0 0 4,845
OTONOMY INC COM 68906L105 14 3,310 SH   DFND   0 0 3,310
OWENS CORNING NEW COM 690742101 617 7,673 SH   DFND   0 0 7,673
PACCAR INC COM 693718108 45 681 SH   DFND   0 0 681
PAMPA ENERGIA S A SPONS ADR LVL I 697660207 6,224 104,436 SH   SOLE   54,236 0 50,200
PARK HOTELS RESORTS INC COM 700517105 330 12,220 SH   DFND   0 0 12,220
PARKER HANNIFIN CORP COM 701094104 275 1,610 SH   DFND   0 0 1,610
PATTERSON COMPANIES INC COM 703395103 114 5,114 SH   DFND   0 0 5,114
PATTERSON UTI ENERGY INC COM 703481101 13 753 SH   DFND   0 0 753
PAYPAL HLDGS INC COM 70450Y103 87 1,142 SH   DFND   0 0 1,142
PENTAIR PLC SHS G7S00T104 274 4,028 SH   DFND   0 0 4,028
PEOPLES UNITED FINANCIAL INC COM 712704105 27 1,425 SH   DFND   0 0 1,425
PEPSICO INC COM 713448108 788 7,221 SH   DFND   0 0 7,221
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 23,673 1,822,344 SH   SOLE   1,223,652 0 598,692
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V908 13,587 1,000 SH Call DFND   0 0 1,000
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 30,459 2,154,063 SH   SOLE   909,409 0 1,244,654
PFIZER INC COM 717081103 1,353 38,127 SH   DFND   0 0 38,127
PG&E CORP COM 69331C108 9 200 SH   DFND   0 0 200
PHILIP MORRIS INTL INC COM 718172109 205 2,065 SH   DFND   0 0 2,065
PITNEY BOWES INC COM 724479100 302 27,748 SH   DFND   0 0 27,748
PNC FINL SVCS GROUP INC COM 693475105 347 2,297 SH   DFND   0 0 2,297
POPULAR INC COM NEW 733174700 338 8,129 SH   DFND   0 0 8,129
POWERSHARES ETF TR II FDM HG YLD RAFI 73936T557 102 5,500 SH   DFND   0 0 5,500
PPG INDS INC COM 693506107 814 7,296 SH   DFND   0 0 7,296
PRAXAIR INC COM 74005P104 229 1,586 SH   DFND   0 0 1,586
PRICE T ROWE GROUP INC COM 74144T108 43 394 SH   DFND   0 0 394
PROCTER AND GAMBLE CO COM 742718109 471 5,937 SH   DFND   0 0 5,937
PRUDENTIAL FINL INC COM 744320102 1,442 13,926 SH   DFND   0 0 13,926
PUBLIC SVC ENTERPRISE GROUP COM 744573106 253 5,027 SH   DFND   0 0 5,027
PULTE GROUP INC COM 745867101 229 7,755 SH   DFND   0 0 7,755
QEP RES INC COM 74733V100 140 14,266 SH   DFND   0 0 14,266
QIAGEN NV SHS NEW N72482123 415 12,842 SH   DFND   0 0 12,842
QUEST DIAGNOSTICS INC COM 74834L100 318 3,175 SH   DFND   0 0 3,175
RA PHARMACEUTICALS INC COM 74933V108 12 2,189 SH   DFND   0 0 2,189
RAYMOND JAMES FINANCIAL INC COM 754730109 620 6,933 SH   DFND   0 0 6,933
RAYTHEON CO COM NEW 755111507 1,102 5,107 SH   DFND   0 0 5,107
REGAL BELOIT CORP COM 758750103 75 1,029 SH   DFND   0 0 1,029
REGENERON PHARMACEUTICALS COM 75886F107 209 606 SH   DFND   0 0 606
REINSURANCE GROUP AMER INC COM NEW 759351604 616 3,999 SH   DFND   0 0 3,999
RELIANCE STEEL & ALUMINUM CO COM 759509102 89 1,039 SH   DFND   0 0 1,039
REVANCE THERAPEUTICS INC COM 761330109 67 2,188 SH   DFND   0 0 2,188
RIGEL PHARMACEUTICALS INC COM NEW 766559603 13 3,777 SH   DFND   0 0 3,777
ROBERT HALF INTL INC COM 770323103 242 4,184 SH   DFND   0 0 4,184
ROCKWELL AUTOMATION INC COM 773903109 15 86 SH   DFND   0 0 86
ROSS STORES INC COM 778296103 614 7,869 SH   DFND   0 0 7,869
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 692 5,879 SH   DFND   0 0 5,879
RPC INC COM 749660106 17 934 SH   DFND   0 0 934
SALESFORCE COM INC COM 79466L302 18 157 SH   DFND   0 0 157
SANDERSON FARMS INC COM 800013104 29 246 SH   DFND   0 0 246
SANTANDER CONSUMER USA HDG I COM 80283M101 22 1,359 SH   DFND   0 0 1,359
SCHEIN HENRY INC COM 806407102 271 4,038 SH   DFND   0 0 4,038
SCIENCE APPLICATNS INTL CP N COM 808625107 25 319 SH   DFND   0 0 319
SEAGATE TECHNOLOGY PLC SHS G7945M107 303 5,179 SH   DFND   0 0 5,179
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 1,140 14,000 SH   DFND   0 0 14,000
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,067 38,700 SH   DFND   0 0 38,700
SELECT SECTOR SPDR TR ENERGY 81369Y506 2,956 43,850 SH   DFND   0 0 43,850
SEMPRA ENERGY COM 816851109 225 2,023 SH   DFND   0 0 2,023
SERVICE CORP INTL COM 817565104 25 662 SH   DFND   0 0 662
SERVICEMASTER GLOBAL HLDGS I COM 81761R109 38 749 SH   DFND   0 0 749
SIMPLY GOOD FOODS CO COM 82900L102 173 12,624 SH   DFND   0 0 12,624
SIMPLY GOOD FOODS CO *W EXP 07/07/202 82900L110 17 4,882 SH   DFND   0 0 4,882
SKECHERS U S A INC CL A 830566105 273 7,025 SH   DFND   0 0 7,025
SKYWORKS SOLUTIONS INC COM 83088M102 512 5,102 SH   DFND   0 0 5,102
SLM CORP COM 78442P106 120 10,717 SH   DFND   0 0 10,717
SNAP ON INC COM 833034101 248 1,681 SH   DFND   0 0 1,681
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 14,328 291,525 SH   SOLE   186,126 0 105,399
SOUTHERN COPPER CORP COM 84265V105 27 504 SH   DFND   0 0 504
SOUTHWEST AIRLS CO COM 844741108 610 10,647 SH   DFND   0 0 10,647
SOUTHWESTERN ENERGY CO COM 845467109 347 80,108 SH   DFND   0 0 80,108
SPDR GOLD TRUST GOLD SHS 78463V107 528 4,200 SH   DFND   0 0 4,200
SPDR INDEX SHS FDS ASIA PACIF ETF 78463X301 5,779 54,191 SH   DFND   0 0 54,191
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 3,191 79,250 SH   DFND   0 0 79,250
SPDR S&P 500 ETF TR TR UNIT 78462F103 294,054 1,117,443 SH   SOLE   705,574 0 411,869
SPDR S&P 500 ETF TR TR UNIT 78462F953 4,876,724 1,903 SH Put DFND   0 0 1,903
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 746 8,917 SH   DFND   0 0 8,917
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 78 1,455 SH   DFND   0 0 1,455
STATE STR CORP COM 857477103 216 2,169 SH   DFND   0 0 2,169
SUNCOR ENERGY INC NEW COM 867224107 167 4,828 SH   DFND   0 0 4,828
SUNTRUST BKS INC COM 867914103 250 3,679 SH   DFND   0 0 3,679
SUPERIOR ENERGY SVCS INC COM 868157108 150 17,809 SH   DFND   0 0 17,809
SYNCHRONY FINL COM 87165B103 309 9,222 SH   DFND   0 0 9,222
SYNDAX PHARMACEUTICALS INC COM 87164F105 47 3,281 SH   DFND   0 0 3,281
SYNEOS HEALTH INC CL A 87166B102 14 387 SH   DFND   0 0 387
SYNNEX CORP COM 87162W100 251 2,117 SH   DFND   0 0 2,117
SYNOPSYS INC COM 871607107 144 1,731 SH   DFND   0 0 1,731
SYSCO CORP COM 871829107 800 13,338 SH   DFND   0 0 13,338
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 323 3,306 SH   DFND   0 0 3,306
TAPESTRY INC COM 876030107 93 1,765 SH   DFND   0 0 1,765
TARGET CORP COM 87612E106 698 10,049 SH   DFND   0 0 10,049
TD AMERITRADE HLDG CORP COM 87236Y108 641 10,824 SH   DFND   0 0 10,824
TE CONNECTIVITY LTD REG SHS H84989104 350 3,499 SH   DFND   0 0 3,499
TEGNA INC COM 87901J105 723 63,435 SH   DFND   0 0 63,435
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 6,858 446,500 SH   SOLE   238,619 0 207,881
TERADYNE INC COM 880770102 323 7,063 SH   DFND   0 0 7,063
TEREX CORP NEW COM 880779103 62 1,659 SH   DFND   0 0 1,659
TESARO INC COM 881569107 38 663 SH   DFND   0 0 663
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADR 881624209 195 11,427 SH   DFND   0 0 11,427
TEXAS INSTRS INC COM 882508104 991 9,543 SH   DFND   0 0 9,543
TEXTRON INC COM 883203101 282 4,785 SH   DFND   0 0 4,785
THERMO FISHER SCIENTIFIC INC COM 883556102 184 892 SH   DFND   0 0 892
THOR INDS INC COM 885160101 48 415 SH   DFND   0 0 415
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 13,473 621,757 SH   SOLE   391,677 0 230,080
TIMKEN CO COM 887389104 178 3,913 SH   DFND   0 0 3,913
TJX COS INC NEW COM 872540109 964 11,821 SH   DFND   0 0 11,821
TORCHMARK CORP COM 891027104 726 8,621 SH   DFND   0 0 8,621
TORONTO DOMINION BK ONT COM NEW 891160509 152 2,665 SH   DFND   0 0 2,665
TOTAL SYS SVCS INC COM 891906109 388 4,496 SH   DFND   0 0 4,496
TRACTOR SUPPLY CO COM 892356106 337 5,350 SH   DFND   0 0 5,350
TRANSCANADA CORP COM 89353D107 180 4,358 SH   DFND   0 0 4,358
TRANSUNION COM 89400J107 130 2,291 SH   DFND   0 0 2,291
TRAVELERS COMPANIES INC COM 89417E109 709 5,108 SH   DFND   0 0 5,108
TREVENA INC COM 89532E109 10 6,243 SH   DFND   0 0 6,243
TUPPERWARE BRANDS CORP COM 899896104 183 3,787 SH   DFND   0 0 3,787
TWENTY FIRST CENTY FOX INC CL A 90130A101 220 5,993 SH   DFND   0 0 5,993
TWITTER INC COM 90184L102 289 9,979 SH   DFND   0 0 9,979
TYSON FOODS INC CL A 902494103 457 6,243 SH   DFND   0 0 6,243
U S G CORP COM NEW 903293405 22 553 SH   DFND   0 0 553
UGI CORP NEW COM 902681105 229 5,160 SH   DFND   0 0 5,160
UNILEVER N V N Y SHS NEW 904784709 430 7,628 SH   DFND   0 0 7,628
UNION PAC CORP COM 907818108 283 2,103 SH   DFND   0 0 2,103
UNITED CONTL HLDGS INC COM 910047109 594 8,547 SH   DFND   0 0 8,547
UNITED RENTALS INC COM 911363109 678 3,928 SH   DFND   0 0 3,928
UNITED THERAPEUTICS CORP DEL COM 91307C102 313 2,785 SH   DFND   0 0 2,785
UNITEDHEALTH GROUP INC COM 91324P102 2,035 9,508 SH   DFND   0 0 9,508
UNIVERSAL HLTH SVCS INC CL B 913903100 414 3,496 SH   DFND   0 0 3,496
UNUM GROUP COM 91529Y106 584 12,271 SH   DFND   0 0 12,271
URBAN OUTFITTERS INC COM 917047102 195 5,288 SH   DFND   0 0 5,288
US BANCORP DEL COM NEW 902973304 49 963 SH   DFND   0 0 963
US FOODS HLDG CORP COM 912008109 25 753 SH   DFND   0 0 753
VAIL RESORTS INC COM 91879Q109 17 77 SH   DFND   0 0 77
VALE S A ADR 91912E105 30,636 2,408,477 SH   SOLE   1,308,935 0 1,099,542
VALERO ENERGY CORP NEW COM 91913Y100 563 6,073 SH   DFND   0 0 6,073
VANECK VECTORS ETF TR RUSSIA ETF 92189F403 3,720 163,600 SH   DFND   0 0 163,600
VANECK VECTORS ETF TR JP MORGAN MKTS 92189F494 2,466 125,800 SH   DFND   0 0 125,800
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 1,025 4,235 SH   DFND   0 0 4,235
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 2,304 49,050 SH   DFND   0 0 49,050
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 64,324 1,106,172 SH   SOLE   986,924 0 119,248
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 4,381 59,500 SH   DFND   0 0 59,500
VERIZON COMMUNICATIONS INC COM 92343V104 1,367 28,592 SH   DFND   0 0 28,592
VERSUM MATLS INC COM 92532W103 101 2,674 SH   DFND   0 0 2,674
VERTEX PHARMACEUTICALS INC COM 92532F100 452 2,771 SH   DFND   0 0 2,771
VIACOM INC NEW CL B 92553P201 920 29,609 SH   DFND   0 0 29,609
VISA INC COM CL A 92826C839 821 6,864 SH   DFND   0 0 6,864
VISTEON CORP COM NEW 92839U206 21 187 SH   DFND   0 0 187
VISTRA ENERGY CORP COM 92840M102 434 20,820 SH   DFND   0 0 20,820
VOYA FINL INC COM 929089100 213 4,208 SH   DFND   0 0 4,208
WABCO HLDGS INC COM 92927K102 57 423 SH   DFND   0 0 423
WALGREENS BOOTS ALLIANCE INC COM 931427108 22 343 SH   DFND   0 0 343
WALMART INC COM 931142103 1,566 17,605 SH   DFND   0 0 17,605
WASTE MGMT INC DEL COM 94106L109 537 6,385 SH   DFND   0 0 6,385
WAYFAIR INC CL A 94419L101 256 3,788 SH   DFND   0 0 3,788
WEINGARTEN RLTY INVS SH BEN INT 948741103 99 3,530 SH   DFND   0 0 3,530
WELLCARE HEALTH PLANS INC COM 94946T106 208 1,074 SH   DFND   0 0 1,074
WELLS FARGO CO NEW COM 949746101 195 3,712 SH   DFND   0 0 3,712
WESCO INTL INC COM 95082P105 207 3,330 SH   DFND   0 0 3,330
WESTERN DIGITAL CORP COM 958102105 1,611 17,459 SH   DFND   0 0 17,459
WESTLAKE CHEM CORP COM 960413102 129 1,162 SH   DFND   0 0 1,162
WESTROCK CO COM 96145D105 339 5,280 SH   DFND   0 0 5,280
WEX INC COM 96208T104 92 588 SH   DFND   0 0 588
WHIRLPOOL CORP COM 963320106 256 1,669 SH   DFND   0 0 1,669
WILEY JOHN & SONS INC CL A 968223206 47 745 SH   DFND   0 0 745
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 31,933 509,134 SH   DFND   0 0 509,134
WISDOMTREE TR INDIA ERNGS FD 97717W422 1,409 53,750 SH   DFND   0 0 53,750
WISDOMTREE TR JAPN HEDGE EQT 97717W851 28,689 512,213 SH   DFND   0 0 512,213
WOODWARD INC COM 980745103 111 1,553 SH   DFND   0 0 1,553
WORLD FUEL SVCS CORP COM 981475106 108 4,414 SH   DFND   0 0 4,414
WORTHINGTON INDS INC COM 981811102 46 1,069 SH   DFND   0 0 1,069
WPX ENERGY INC COM 98212B103 32 2,141 SH   DFND   0 0 2,141
WYNDHAM WORLDWIDE CORP COM 98310W108 262 2,288 SH   DFND   0 0 2,288
XEROX CORP COM NEW 984121608 309 10,734 SH   DFND   0 0 10,734
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 508 23,500 SH   DFND   0 0 23,500