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
AAPL US 07/20/18 P185 Equity Option 037833N4U 178 50,000 SH Put DFND   50,000 0 0
AMZN US 01/18/19 P1600 Equity Option 023136IXN 2,843 30,000 SH Put DFND   30,000 0 0
AMZN US 01/18/19 C1800 Equity Option 023136NSA 2,931 25,000 SH Call DFND   25,000 0 0
AMZN US 07/20/18 P1400 Equity Option 023136POU 56 37,500 SH Put DFND   37,500 0 0
NFLX US 07/20/18 P330 Equity Option 64110MAVU 1,496 350,000 SH Put DFND   350,000 0 0
SPY US 08/17/18 P235 Equity Option 78462HAIV 6 10,200 SH Put DFND   10,200 0 0
SPY US 08/17/18 P241 Equity Option 78462GPKC 22 30,000 SH Put DFND   30,000 0 0
SPY US 08/17/18 P242 Equity Option 78462GPLC 24 30,000 SH Put DFND   30,000 0 0
SPY US 08/17/18 P243 Equity Option 78462GPMC 17 20,000 SH Put DFND   20,000 0 0
SPY US 08/17/18 P248 Equity Option 78462GPQC 14 12,500 SH Put DFND   12,500 0 0
SPY US 08/17/18 P250 Equity Option 78462HALV 21 17,500 SH Put DFND   17,500 0 0
SPY US 08/17/18 P251 Equity Option 78462HAMV 13 10,000 SH Put DFND   10,000 0 0
SPY US 08/17/18 C281 Equity Option 78462HBGI 35 36,600 SH Call DFND   36,600 0 0
SPY US 08/17/18 C282 Equity Option 78462HBHI 188 256,100 SH Call DFND   256,100 0 0
SPY US 08/17/18 C283 Equity Option 78462HBII 206 364,700 SH Call DFND   364,700 0 0
SPY US 08/17/18 C284 Equity Option 78462HBJI 81 188,600 SH Call DFND   188,600 0 0
SPY US 08/17/18 C285 Equity Option 78462HBKI 26 79,100 SH Call DFND   79,100 0 0
SPY US 08/17/18 C286 Equity Option 78462HBLI 10 40,100 SH Call DFND   40,100 0 0
SPY US 08/17/18 C287 Equity Option 78462HBMI 2 10,600 SH Call DFND   10,600 0 0
SPY US 07/20/18 P235 Equity Option 78462GUEU 2 11,000 SH Put DFND   11,000 0 0
SPY US 07/20/18 P236 Equity Option 78462GUFU 3 20,000 SH Put DFND   20,000 0 0
SPY US 07/20/18 P238 Equity Option 78462GUHU 4 20,000 SH Put DFND   20,000 0 0
SPY US 07/20/18 P242 Equity Option 78462GULU 2 10,000 SH Put DFND   10,000 0 0
SPY US 07/20/18 P244 Equity Option 78462GUNU 4 15,600 SH Put DFND   15,600 0 0
SPY US 07/20/18 P247 Equity Option 78462GUQU 3 10,000 SH Put DFND   10,000 0 0
SPY US 07/20/18 P263 Equity Option 78462G9XU 48 37,500 SH Put DFND   37,500 0 0
SPY US 07/20/18 P264 Equity Option 78462G9WU 127 89,500 SH Put DFND   89,500 0 0
SPY US 07/20/18 P265 Equity Option 78462GUYU 61 38,700 SH Put DFND   38,700 0 0
SPY US 07/20/18 P266 Equity Option 78462G9VU 105 60,000 SH Put DFND   60,000 0 0
SPY US 07/20/18 P267 Equity Option 78462G9UU 176 89,800 SH Put DFND   89,800 0 0
SPY US 07/20/18 P268 Equity Option 78462G9TU 388 178,000 SH Put DFND   178,000 0 0
SPY US 07/20/18 P269 Equity Option 78462G9SU 347 142,000 SH Put DFND   142,000 0 0
SPY US 07/20/18 P270 Equity Option 78462GUXU 327 119,600 SH Put DFND   119,600 0 0
SPY US 07/20/18 C281 Equity Option 78462GA5H 37 220,500 SH Call DFND   220,500 0 0
SPY US 07/20/18 C282 Equity Option 78462GA6H 31 281,900 SH Call DFND   281,900 0 0
SPY US 07/20/18 C283 Equity Option 78462GA7H 17 236,200 SH Call DFND   236,200 0 0
SPY US 07/20/18 C284 Equity Option 78462GA8H 4 80,000 SH Call DFND   80,000 0 0
SPY US 07/20/18 C285 Equity Option 78462GU4H 1 15,500 SH Call DFND   15,500 0 0
SPY US 09/21/18 P230 Equity Option 78462FD7W 21 19,900 SH Put DFND   19,900 0 0
SPY US 09/21/18 P231 Equity Option 78462G8ZW 32 30,000 SH Put DFND   30,000 0 0
SPY US 09/21/18 P233 Equity Option 78462G85W 35 30,000 SH Put DFND   30,000 0 0
SPY US 09/21/18 P234 Equity Option 78462G84W 24 20,000 SH Put DFND   20,000 0 0
SPY US 09/21/18 P235 Equity Option 78462FQOC 37 29,000 SH Put DFND   29,000 0 0
SPY US 09/21/18 P236 Equity Option 78462G83W 13 10,000 SH Put DFND   10,000 0 0
SPY US 09/21/18 P237 Equity Option 78462G82W 28 20,000 SH Put DFND   20,000 0 0
SPY US 09/21/18 P238 Equity Option 78462G81W 14 10,000 SH Put DFND   10,000 0 0
SPY US 09/21/18 C279 Equity Option 78462GASJ 75 23,500 SH Call DFND   23,500 0 0
SPY US 09/21/18 C282 Equity Option 78462GAUJ 98 49,500 SH Call DFND   49,500 0 0
SPY US 09/21/18 C283 Equity Option 78462GAVJ 83 49,700 SH Call DFND   49,700 0 0
SPY US 09/21/18 C284 Equity Option 78462GAWJ 62 44,800 SH Call DFND   44,800 0 0
SPY US 09/21/18 C286 Equity Option 78462GQLL 9 10,000 SH Call DFND   10,000 0 0
ISHARES EDGE MSCI MIN VOL GL ETP 464286525 5,703 68,667 SH   DFND   68,667 0 0
WISDOMTREE DY CUR HDG INTL ETP 97717X263 230 7,940 SH   DFND   7,940 0 0
ISHARES MSCI DENMARK ETF ETP 46429B523 737 11,530 SH   DFND   11,530 0 0
ISHARES EDGE MSCI MIN VOL EM ETP 464286533 1,440 24,892 SH   DFND   24,892 0 0
ISHARES EDGE MSCI MIN VOL EA ETP 46429B689 553 7,776 SH   DFND   7,776 0 0
ISHARES MSCI NORWAY ETF ETP 46429B499 275 9,985 SH   DFND   9,985 0 0
ISHARES MSCI EUROZONE ETF ETP 464286608 22,171 540,636 SH   DFND   540,636 0 0
ISHA CURR HEDGED MSCI EAFE ETP 46434V803 864 29,182 SH   DFND   29,182 0 0
ISHARES INTERNATIONAL SELECT ETP 464288448 1,928 60,150 SH   DFND   60,150 0 0
ISHARES SHORT MATURITY BOND ETP 46431W507 415 8,268 SH   DFND   8,268 0 0
ISHARES MSCI GLOBAL SILVER M ETP 464286327 289 28,579 SH   DFND   28,579 0 0
ISHARES MSCI ALL COUNTRY ASI ETP 464288182 8,465 118,110 SH   DFND   118,110 0 0
ISHARES MSCI ACWI EX US ETF ETP 464288240 445 9,422 SH   DFND   9,422 0 0
VANGUARD TOTAL INTL BOND ETF ETP 92203J407 3,027 55,334 SH   DFND   55,334 0 0
ISHARES INTERMEDIATE CREDIT ETP 464288638 2,842 26,755 SH   DFND   26,755 0 0
ISHARES US CREDIT BOND ETF ETP 464288620 434 4,054 SH   DFND   4,054 0 0
WISDOMTREE JAPAN HEDGED SMAL ETP 97717W521 324 7,425 SH   DFND   7,425 0 0
ISHARES MSCI EUROPE FINANCIA ETP 464289180 2,897 143,218 SH   DFND   143,218 0 0
FIRST TRUST GERMANY ETP 33737J190 214 4,650 SH   DFND   4,650 0 0
FIRST TRUST JAPAN ETP 33737J158 222 4,009 SH   DFND   4,009 0 0
INVESCO FTSE INTERNATIONAL L ETP 46138E768 249 8,448 SH   DFND   8,448 0 0
ISHARES 7-10 YEAR TREASURY B ETP 464287440 3,075 30,000 SH   DFND   30,000 0 0
ISHARES MSCI EUROPE SMALL-CA ETP 464288497 217 3,866 SH   DFND   3,866 0 0
ISHARES S&P SMALL-CAP 600 GR ETP 464287887 491 2,600 SH   DFND   2,600 0 0
ISHARES INDIA 50 ETF ETP 464289529 621 17,660 SH   DFND   17,660 0 0
ISHARES CORE 1-5 YEAR USD BO ETP 46432F859 2,212 45,074 SH   DFND   45,074 0 0
ISHARES CORE TOTAL BOND ETF ETP 46434V613 4,007 81,203 SH   DFND   81,203 0 0
FIRST TRUST LOW DURATION OPP ETP 33739Q200 382 7,470 SH   DFND   7,470 0 0
ISHARES MBS ETF ETP 464288588 885 8,499 SH   DFND   8,499 0 0
INVESCO OPTIMUM YIELD DIVERS ETP 46090F100 467 25,309 SH   DFND   25,309 0 0
ISHARES US PREFERRED STOCK E ETP 464288687 305 8,076 SH   DFND   8,076 0 0
INVESCO GLOBAL GOLD AND PREC ETP 46138E677 562 30,477 SH   DFND   30,477 0 0
ISHARES MSCI GLOBAL GOLD MIN ETP 46434G855 4,323 246,773 SH   DFND   246,773 0 0
ISHARES MSCI EAFE SMALL-CAP ETP 464288273 3,809 60,718 SH   DFND   60,718 0 0
PROSHARES ULTRAPRO SHORT QQQ ETP 74348A160 164 11,404 SH   DFND   11,404 0 0
PROSHARES ULTRAPRO QQQ ETP 74347X831 513 8,975 SH   DFND   8,975 0 0
VANGUARD INT-TERM CORPORATE ETP 92206C870 2,055 24,601 SH   DFND   24,601 0 0
VANGUARD LONG-TERM TREASURY ETP 92206C847 204 2,728 SH   DFND   2,728 0 0
APPLE INC Common Stock 037833100 9,119 49,265 SH   DFND   49,265 0 0
AMAZON.COM INC Common Stock 023135106 80,839 47,558 SH   DFND   47,558 0 0
MICROSOFT CORP Common Stock 594918104 201 2,038 SH   DFND   2,038 0 0
NETFLIX INC Common Stock 64110L106 136,928 349,815 SH   DFND   349,815 0 0
SIRIUS XM HOLDINGS INC Common Stock 82968B103 91 13,385 SH   DFND   13,385 0 0
ABBVIE INC Common Stock 00287Y109 300 3,238 SH   DFND   3,238 0 0
AETNA INC Common Stock 00817Y108 299 1,632 SH   DFND   1,632 0 0
ALLERGAN PLC Common Stock G0177J108 308 1,850 SH   DFND   1,850 0 0
BECTON DICKINSON AND CO Common Stock 075887109 300 1,252 SH   DFND   1,252 0 0
BLACKROCK INC Common Stock 09247X101 299 600 SH   DFND   600 0 0
BRISTOL-MYERS SQUIBB CO Common Stock 110122108 299 5,409 SH   DFND   5,409 0 0
CITIGROUP INC Common Stock 172967424 300 4,482 SH   DFND   4,482 0 0
CATERPILLAR INC Common Stock 149123101 300 2,212 SH   DFND   2,212 0 0
CONOCOPHILLIPS Common Stock 20825C104 296 4,254 SH   DFND   4,254 0 0
SALESFORCE.COM INC Common Stock 79466L302 300 2,198 SH   DFND   2,198 0 0
DOWDUPONT INC Common Stock 26078J100 300 4,548 SH   DFND   4,548 0 0
DXC TECHNOLOGY CO Common Stock 23355L106 300 3,720 SH   DFND   3,720 0 0
GENERAL MOTORS CO Common Stock 37045V100 300 7,610 SH   DFND   7,610 0 0
JPMORGAN CHASE & CO Common Stock 46625H100 300 2,876 SH   DFND   2,876 0 0
LOWE'S COS INC Common Stock 548661107 300 3,138 SH   DFND   3,138 0 0
MCKESSON CORP Common Stock 58155Q103 300 2,248 SH   DFND   2,248 0 0
PRAXAIR INC Common Stock 74005P104 300 1,896 SH   DFND   1,896 0 0
UNITEDHEALTH GROUP INC Common Stock 91324P102 300 1,222 SH   DFND   1,222 0 0
VISA INC-CLASS A SHARES Common Stock 92826C839 299 2,260 SH   DFND   2,260 0 0
VF CORP Common Stock 918204108 300 3,678 SH   DFND   3,678 0 0
VERIZON COMMUNICATIONS INC Common Stock 92343V104 300 5,960 SH   DFND   5,960 0 0
WELLS FARGO & CO Common Stock 949746101 300 5,410 SH   DFND   5,410 0 0
EXXON MOBIL CORP Common Stock 30231G102 300 3,622 SH   DFND   3,622 0 0
YUM! BRANDS INC Common Stock 988498101 300 3,834 SH   DFND   3,834 0 0
ZOETIS INC Common Stock 98978V103 300 3,520 SH   DFND   3,520 0 0
DIGITAL REALTY TRUST INC REIT 253868103 300 2,686 SH   DFND   2,686 0 0
INVESCO TAXABLE MUNICIPAL BO ETP 46138G805 2,981 100,694 SH   DFND   100,694 0 0
DB BASE METALS DOUBLE LONG ETP 25154K841 406 49,130 SH   DFND   49,130 0 0
VANGUARD INTERMEDIATE-TERM B ETP 921937819 363 4,477 SH   DFND   4,477 0 0
INVESCO SENIOR LOAN ETF ETP 46138G508 14,770 644,985 SH   DFND   644,985 0 0
PIMCO ACTIVE BOND EXCHANGE-T ETP 72201R775 344 3,340 SH   DFND   3,340 0 0
INVESCO BULLETSHARES 2018 CO ETP 46138J106 1,010 47,752 SH   DFND   47,752 0 0
INVESCO BULLETSHARES 2019 CO ETP 46138J304 3,646 173,654 SH   DFND   173,654 0 0
INVESCO BULLETSHARES 2022 CO ETP 46138J882 2,036 98,606 SH   DFND   98,606 0 0
INVESCO BULLETSHARES 2023 CO ETP 46138J866 1,289 63,828 SH   DFND   63,828 0 0
VANGUARD SHORT-TERM BOND ETF ETP 921937827 3,543 45,298 SH   DFND   45,298 0 0
SPDR BBG BARC INTL TREASURY ETP 78464A516 612 22,060 SH   DFND   22,060 0 0
DRXN D CSI CH A-SHR BEAR 1X ETP 25459Y116 971 27,525 SH   DFND   27,525 0 0
PIMCO INV GRADE CORP BD ETF ETP 72201R817 383 3,815 SH   DFND   3,815 0 0
INVESCO CHINA TECHNOLOGY ETF ETP 46138E800 436 7,846 SH   DFND   7,846 0 0
DB AGRICULTURE DOUBLE LONG ETP 25154H558 309 127,160 SH   DFND   127,160 0 0
INVESCO DB AGRICULTURE FUND ETP 46140H106 1,024 56,773 SH   DFND   56,773 0 0
XTRACKERS MSCI EAFE HEDGED E ETP 233051200 1,486 47,336 SH   DFND   47,336 0 0
XTRACKERS MSCI EUROPE HEDGED ETP 233051853 323 11,498 SH   DFND   11,498 0 0
XTRACKERS MSCI JAPAN HEDGED ETP 233051507 2,099 50,419 SH   DFND   50,419 0 0
WISDOMTREE EMERGING MARKETS ETP 97717W315 15,073 351,596 SH   DFND   351,596 0 0
WISDOMTREE JPN S/C DVD FUND ETP 97717W836 350 4,552 SH   DFND   4,552 0 0
WISDOMTREE EM SMALL CAP ETP 97717W281 376 7,892 SH   DFND   7,892 0 0
WISDOMTREE INTL S/C DVD FUND ETP 97717W760 2,270 31,543 SH   DFND   31,543 0 0
WISDOMTREE INTL L/C DVD FUND ETP 97717W794 2,057 43,040 SH   DFND   43,040 0 0
ISHARES ASIA/PACIFIC DIVIDEN ETP 464286293 275 6,146 SH   DFND   6,146 0 0
WISDOMTREE JAPAN HEDGED EQ ETP 97717W851 5,357 99,248 SH   DFND   99,248 0 0
SPDR BBG BARC EM LOCAL BOND ETP 78464A391 882 32,730 SH   DFND   32,730 0 0
COLUMBIA EMERGING MARKETS CO ETP 19762B509 409 16,772 SH   DFND   16,772 0 0
ISHARES MSCI EMERGING MARKET ETP 464287234 9,318 215,048 SH   DFND   215,048 0 0
INVESCO S&P EMERGING MARKETS ETP 46138E289 319 16,727 SH   DFND   16,727 0 0
ISHARES MSCI EMERGING MKT SM ETP 464286475 1,635 34,246 SH   DFND   34,246 0 0
ISHARES MSCI EAFE ETF ETP 464287465 143,419 2,141,547 SH   DFND   2,141,547 0 0
ISHARES MSCI ISRAEL ETF ETP 464286632 275 5,296 SH   DFND   5,296 0 0
ISHARES MSCI PACIFIC EX JAPA ETP 464286665 2,275 49,438 SH   DFND   49,438 0 0
ISHARES MSCI PERU ETF ETP 464289842 340 8,664 SH   DFND   8,664 0 0
WISDOMTREE EUROPE HEDG SM EQ ETP 97717X552 563 18,734 SH   DFND   18,734 0 0
ISHARES MSCI GERMANY ETF ETP 464286806 3,612 120,474 SH   DFND   120,474 0 0
ISHARES MSCI HONG KONG ETF ETP 464286871 627 25,888 SH   DFND   25,888 0 0
ISHARES MSCI ITALY ETF ETP 46434G830 2,643 91,481 SH   DFND   91,481 0 0
ISHARES MSCI JAPAN ETF ETP 46434G822 4,882 84,304 SH   DFND   84,304 0 0
ISHARES MSCI BELGIUM ETF ETP 464286301 485 24,635 SH   DFND   24,635 0 0
ISHARES MSCI SWITZERLAND ETF ETP 464286749 2,134 65,506 SH   DFND   65,506 0 0
ISHARES MSCI NETHERLANDS ETF ETP 464286814 489 16,014 SH   DFND   16,014 0 0
ISHARES MSCI SPAIN ETF ETP 464286764 483 15,916 SH   DFND   15,916 0 0
ISHARES MSCI SINGAPORE ETF ETP 46434G780 3,497 145,754 SH   DFND   145,754 0 0
ISHARES MSCI SOUTH KOREA ETF ETP 464286772 2,478 36,597 SH   DFND   36,597 0 0
FIRST TRUST STOXX EUROPE ETP 33735T109 285 21,632 SH   DFND   21,632 0 0
SPDR STOXX EUROPE 50 ETF ETP 78463X103 296 8,856 SH   DFND   8,856 0 0
SPDR EURO STOXX 50 ETF ETP 78463X202 3,031 79,086 SH   DFND   79,086 0 0
ISHARES CHINA LARGE-CAP ETF ETP 464287184 9,018 209,861 SH   DFND   209,861 0 0
VANECK VECTORS GOLD MINERS E ETP 92189F106 20,503 919,006 SH   DFND   919,006 0 0
GOLDMAN SACHS ACTIVEBETA EM ETP 381430206 265 7,982 SH   DFND   7,982 0 0
GLOBAL X GOLD EXPLORERS ETF ETP 37954Y863 470 21,203 SH   DFND   21,203 0 0
ISHARES S&P GSCI COMMODITY I ETP 46428R107 624 34,822 SH   DFND   34,822 0 0
GLOBAL X FTSE NORDIC REGION ETP 37950E101 260 11,973 SH   DFND   11,973 0 0
WISDOMTREE EUROPE HEDGED EQU ETP 97717X701 4,600 72,856 SH   DFND   72,856 0 0
ISHARES CURR HEDG MSCI ITALY ETP 46435G821 216 12,562 SH   DFND   12,562 0 0
ISHA CURR HEDGED MSCI JAPAN ETP 46434V886 1,826 56,615 SH   DFND   56,615 0 0
ISHARES CURR HEDGED MSCI UK ETP 46435G862 416 16,773 SH   DFND   16,773 0 0
ISHARES CURRENCY HEDGED MSCI ETP 46434V639 485 16,135 SH   DFND   16,135 0 0
ISHARES IBOXX HIGH YLD CORP ETP 464288513 7,955 93,498 SH   DFND   93,498 0 0
ISHARES IBONDS DEC 2019 TERM ETP 46434VAU4 2,136 86,203 SH   DFND   86,203 0 0
ISHARES IBONDS DEC 2022 TERM ETP 46434VBA7 391 16,055 SH   DFND   16,055 0 0
ISHARES CORE MSCI DEV MKTS ETP 46435G326 865 15,443 SH   DFND   15,443 0 0
INVESCO S&P INTERNATIONAL DE ETP 46138E222 459 17,253 SH   DFND   17,253 0 0
ISHARES CORE MSCI EMERGING ETP 46434G103 16,435 312,988 SH   DFND   312,988 0 0
ISHARES CORE MSCI EUROPE ETP 46434V738 523 10,994 SH   DFND   10,994 0 0
ISHARES EUROPE ETF ETP 464287861 730 16,328 SH   DFND   16,328 0 0
WISDOMTREE INTERNATIONAL HED ETP 97717X594 1,138 35,813 SH   DFND   35,813 0 0
ISHARES GLOBAL 100 ETF ETP 464287572 334 7,278 SH   DFND   7,278 0 0
ISHARES CORE MSCI PACIFIC ET ETP 46434V696 513 8,898 SH   DFND   8,898 0 0
ISHARES CORE S&P TOTAL U.S. ETP 464287150 599 9,579 SH   DFND   9,579 0 0
ISHARES CORE S&P 500 ETF ETP 464287200 6,881 25,200 SH   DFND   25,200 0 0
ISHARES JPX-NIKKEI 400 ETF ETP 464287382 521 8,289 SH   DFND   8,289 0 0
KRANESH BOSERA MSCI CHINA A ETP 500767405 1,242 41,591 SH   DFND   41,591 0 0
GLOBAL X MSCI PORTUGAL ETF ETP 37950E192 630 49,635 SH   DFND   49,635 0 0
INVESCO PREFERRED ETF ETP 46138E511 220 15,125 SH   DFND   15,125 0 0
INVESCO FUNDAMENTAL HIGH YIE ETP 46138E719 859 46,959 SH   DFND   46,959 0 0
ELEMENTS ROGERS AGRI TOT RET ETP 870297603 372 62,489 SH   DFND   62,489 0 0
ELEMENTS ROGERS TOTAL RETURN ETP 870297801 268 47,096 SH   DFND   47,096 0 0
ELEMENTS ROGERS ENERGY TR ETP 870297306 38 11,426 SH   DFND   11,426 0 0
VANECK VECTORS RUSSIA SMALL- ETP 92189F734 593 16,433 SH   DFND   16,433 0 0
ISHARES MSCI JAPAN SMALL-CAP ETP 464286582 1,616 20,723 SH   DFND   20,723 0 0
SPDR NUVEEN BBG BARC ST MUNI ETP 78468R739 284 5,908 SH   DFND   5,908 0 0
ISHARES 0-5 YR HY CORP BOND ETP 46434V407 753 16,160 SH   DFND   16,160 0 0
SPDR PORTFOLIO AGGREGATE BON ETP 78464A649 1,968 70,560 SH   DFND   70,560 0 0
SPDR PORT SHRT TRM CORP BND ETP 78464A474 3,739 123,976 SH   DFND   123,976 0 0
SPDR BLACKSTONE/GSO SEN LOAN ETP 78467V608 800 17,030 SH   DFND   17,030 0 0
PROSHARES SHORT VIX ST FUTUR ETP 74347W627 225 17,700 SH   DFND   17,700 0 0
SPDR NUV BBG BARC MUNI BOND ETP 78468R721 215 4,487 SH   DFND   4,487 0 0
FLEXSHARES MORNINGSTAR DEVEL ETP 33939L803 220 3,393 SH   DFND   3,393 0 0
ISHARES MSCI KOKUSAI ETF ETP 464288265 2,268 35,205 SH   DFND   35,205 0 0
VANGUARD FTSE DEVELOPED ETF ETP 921943858 128,807 3,002,492 SH   DFND   3,002,492 0 0
VANGUARD INFO TECH ETF ETP 92204A702 288 1,585 SH   DFND   1,585 0 0
VANGUARD FTSE PACIFIC ETF ETP 922042866 548 7,834 SH   DFND   7,834 0 0
VANGUARD FTSE EMERGING MARKE ETP 922042858 18,748 444,264 SH   DFND   444,264 0 0
COLUMBIA EM CORE EX-CHINA ET ETP 19762B202 321 12,836 SH   DFND   12,836 0 0
MIDATECH PHARMA PLC-ADR ADR 59564R104 29 41,827 SH   DFND   41,827 0 0
OASMIA PHARMACEUTICAL AB-ADR ADR 67421W109 21 16,147 SH   DFND   16,147 0 0
CELLECTIS - ADR ADR 15117K103 786 27,768 SH   DFND   27,768 0 0
VODAFONE GROUP PLC-SP ADR ADR 92857W308 10,978 451,589 SH   DFND   451,589 0 0
GRIFOLS SA-ADR ADR 398438408 1,879 87,410 SH   DFND   87,410 0 0
ASML HOLDING NV-NY REG SHS NY Reg Shrs N07059210 4,453 22,495 SH   DFND   22,495 0 0
GALAPAGOS NV-SPON ADR ADR 36315X101 1,566 16,989 SH   DFND   16,989 0 0
LOGITECH INTERNATIONAL-REG Common Stock H50430232 559 12,736 SH   DFND   12,736 0 0
BAIDU INC - SPON ADR ADR 056752108 1,014 4,172 SH   DFND   4,172 0 0
LLOYDS BANKING GROUP PLC-ADR ADR 539439109 1,260 378,425 SH   DFND   378,425 0 0
BRITISH AMERICAN TOB-SP ADR ADR 110448107 11,527 228,493 SH   DFND   228,493 0 0
AEGON N.V.-NY REG SHR NY Reg Shrs 007924103 1,238 209,152 SH   DFND   209,152 0 0
BANCO BILBAO VIZCAYA-SP ADR ADR 05946K101 1,349 192,737 SH   DFND   192,737 0 0
MICRO FOCUS INTL-SPN ADR ADR 594837304 3,310 191,659 SH   DFND   191,659 0 0
MITSUBISHI UFJ FINL-SPON ADR ADR 606822104 1,049 185,593 SH   DFND   185,593 0 0
SANOFI-ADR ADR 80105N105 7,189 179,687 SH   DFND   179,687 0 0
TURKCELL ILETISIM HIZMET-ADR ADR 900111204 1,101 168,347 SH   DFND   168,347 0 0
WESTPAC BANKING CORP-SP ADR ADR 961214301 2,562 118,177 SH   DFND   118,177 0 0
BP PLC-SPONS ADR ADR 055622104 5,374 117,695 SH   DFND   117,695 0 0
STMICROELECTRONICS NV-NY SHS NY Reg Shrs 861012102 2,501 113,063 SH   DFND   113,063 0 0
ARCELORMITTAL-NY REGISTERED NY Reg Shrs 03938L203 2,846 98,887 SH   DFND   98,887 0 0
BHP BILLITON LTD-SPON ADR ADR 088606108 4,273 85,433 SH   DFND   85,433 0 0
ORANGE-SPON ADR ADR 684060106 1,290 77,409 SH   DFND   77,409 0 0
KONINKLIJKE PHILIPS NVR- NY NY Reg Shrs 500472303 2,829 66,928 SH   DFND   66,928 0 0
GLAXOSMITHKLINE PLC-SPON ADR ADR 37733W105 2,655 65,869 SH   DFND   65,869 0 0
CHINA LIFE INSURANCE CO-ADR ADR 16939P106 642 50,216 SH   DFND   50,216 0 0
LINE CORP-SPONSORED ADR ADR 53567X101 2,036 49,578 SH   DFND   49,578 0 0
ROYAL DUTCH SHELL-SPON ADR-A ADR 780259206 3,378 48,791 SH   DFND   48,791 0 0
NOVO-NORDISK A/S-SPONS ADR ADR 670100205 2,030 44,019 SH   DFND   44,019 0 0
UNILEVER PLC-SPONSORED ADR ADR 904767704 1,938 35,057 SH   DFND   35,057 0 0
ENDEAVOUR SILVER CORP Common Stock 29258Y103 98 31,403 SH   DFND   31,403 0 0
CANON INC-SPONS ADR ADR 138006309 1,024 31,318 SH   DFND   31,318 0 0
HUANENG POWER INTL-SPONS ADR ADR 443304100 735 28,006 SH   DFND   28,006 0 0
NOMURA HOLDINGS INC-SPON ADR ADR 65535H208 125 26,113 SH   DFND   26,113 0 0
CREDIT SUISSE GROUP-SPON ADR ADR 225401108 332 22,288 SH   DFND   22,288 0 0
DEUTSCHE BANK AG-REGISTERED Common Stock D18190898 223 20,998 SH   DFND   20,998 0 0
SINOPEC SHANGHAI-SPONS ADR ADR 82935M109 1,201 20,024 SH   DFND   20,024 0 0
BT GROUP PLC-SPON ADR ADR 05577E101 274 18,933 SH   DFND   18,933 0 0
UNILEVER N V -NY SHARES NY Reg Shrs 904784709 838 15,043 SH   DFND   15,043 0 0
TELECOM ITALIA SPA-SPON ADR ADR 87927Y102 104 14,209 SH   DFND   14,209 0 0
SEABRIDGE GOLD INC Common Stock 811916105 150 13,467 SH   DFND   13,467 0 0
DRDGOLD LTD-SPONSORED ADR ADR 26152H301 33 13,158 SH   DFND   13,158 0 0
CHINA TELECOM CORP LTD-ADR ADR 169426103 586 12,631 SH   DFND   12,631 0 0
PEARSON PLC-SPONSORED ADR ADR 705015105 146 12,624 SH   DFND   12,624 0 0
ALUMINUM CORP OF CHINA-ADR ADR 022276109 120 10,998 SH   DFND   10,998 0 0
ANHEUSER-BUSCH INBEV-SPN ADR ADR 03524A108 1,082 10,737 SH   DFND   10,737 0 0
ALIBABA GROUP HOLDING-SP ADR ADR 01609W102 1,947 10,496 SH   DFND   10,496 0 0
ORIX - SPONSORED ADR ADR 686330101 811 10,259 SH   DFND   10,259 0 0
CHINA EASTERN AIRLINES-ADS ADR 16937R104 221 6,475 SH   DFND   6,475 0 0
CNOOC LTD-SPON ADR ADR 126132109 1,060 6,188 SH   DFND   6,188 0 0
TOYOTA MOTOR CORP -SPON ADR ADR 892331307 740 5,745 SH   DFND   5,745 0 0
FERRARI NV Common Stock N3167Y103 475 3,521 SH   DFND   3,521 0 0
SPROTT PHYSICAL SILVER TRUST Closed-End Fund 85207K107 525 89,397 SH   DFND   89,397 0 0
GOLDEN STAR RESOURCES LTD Common Stock 38119T104 58 86,341 SH   DFND   86,341 0 0
GREAT PANTHER SILVER LTD Common Stock 39115V101 42 36,090 SH   DFND   36,090 0 0
NOVAGOLD RESOURCES INC Common Stock 66987E206 158 35,405 SH   DFND   35,405 0 0
SILVERCORP METALS INC Common Stock 82835P103 88 32,858 SH   DFND   32,858 0 0
ASANKO GOLD INC Common Stock 04341Y105 30 28,151 SH   DFND   28,151 0 0
GOLD STANDARD VENTURES CORP Common Stock 380738104 38 27,813 SH   DFND   27,813 0 0
MAG SILVER CORP Common Stock 55903Q104 120 11,140 SH   DFND   11,140 0 0