ING Groep (ING) 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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
ABBOTT LABS	COM	002824100	7,340	87,731	SH		DFND	0	87,731	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	42,791	255,882	SH		DFND	0	255,882	0	0
AMAZON COM INC	COM	023135106	46,064	26,536	SH		DFND	0	26,536	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	9,749	60,397	SH		DFND	0	60,397	0	0
BARRICK GOLD CORPORATION	COM	067901108	10,607	612,062	SH		DFND	0	612,062	0	0
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	95,738	1,803,313	SH		DFND	0	1,803,313	0	0
CABOT OIL & GAS CORP	COM	127097103	459	26,110	SH		DFND	0	26,110	0	0
CHEVRON CORP NEW	COM	166764100	20,789	175,286	SH		DFND	0	175,286	0	0
COCA COLA CO	COM	191216100	13,130	241,178	SH		DFND	0	241,178	0	0
COMCAST CORP NEW	CL A	20030N101	10,331	229,178	SH		DFND	0	229,178	0	0
CONOCOPHILLIPS	COM	20825C104	3,558	62,441	SH		DFND	0	62,441	0	0
CVS HEALTH CORP	COM	126650100	905	14,355	SH		DFND	0	14,355	0	0
ENBRIDGE INC	COM	29250N105	443	12,630	SH		DFND	0	12,630	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	1,979	206,814	SH		DFND	0	206,814	0	0
ISHARES INC	MSCI SINGPOR ETF	46434G780	9,278	399,919	SH		DFND	0	399,919	0	0
ISHARES INC	MSCI BRAZIL ETF	464286400	28,373	673,466	SH		DFND	0	673,466	0	0
ISHARES TR	MSCI PHILIPS ETF	46429B408	7,000	209,265	SH		DFND	0	209,265	0	0
KINDER MORGAN INC DEL	COM	49456B101	1,644	79,743	SH		DFND	0	79,743	0	0
MASTERCARD INC	CL A	57636Q104	288,885	1,063,760	SH		DFND	0	1,063,760	0	0
MCDONALDS CORP	COM	580135101	11,535	53,724	SH		DFND	0	53,724	0	0
NETFLIX INC	COM	64110L106	1,931	7,216	SH		DFND	0	7,216	0	0
PEPSICO INC	COM	713448108	10,884	79,390	SH		DFND	0	79,390	0	0
PFIZER INC	COM	717081103	25,688	714,939	SH		DFND	0	714,939	0	0
PHILIP MORRIS INTL INC	COM	718172109	2,039	26,859	SH		DFND	0	26,859	0	0
TWITTER INC	COM	90184L102	21,450	520,625	SH		DFND	0	520,625	0	0
WALMART INC	COM	931142103	11,957	100,751	SH		DFND	0	100,751	0	0
ALLERGAN PLC	SHS	G0177J108	3,662	21,763	SH		DFND	0	21,763	0	0
BAYTEX ENERGY CORP	COM	07317Q105	133	90,000	SH		DFND	0	90,000	0	0
BUNGE LIMITED	COM	G16962105	237	4,189	SH		DFND	0	4,189	0	0
CANADIAN NATL RY CO	COM	136375102	7,713	85,837	SH		DFND	0	85,837	0	0
CHUBB LIMITED	COM	H1467J104	233	1,442	SH		DFND	0	1,442	0	0
EVEREST RE GROUP LTD	COM	G3223R108	677	2,543	SH		DFND	0	2,543	0	0
GARMIN LTD	SHS	H2906T109	5,893	69,582	SH		DFND	0	69,582	0	0
INGERSOLL-RAND PLC	SHS	G47791101	1,858	15,077	SH		DFND	0	15,077	0	0
NORWEGIAN CRUISE LINE HLDG L	SHS	G66721104	697	13,456	SH		DFND	0	13,456	0	0
TE CONNECTIVITY LTD	REG SHS	H84989104	1,954	20,966	SH		DFND	0	20,966	0	0
ANAPLAN INC	COM	03272L108	2,604	55,400	SH		DFND	0	55,400	0	0
APARTMENT INVT & MGMT CO	CL A	03748R754	484	9,292	SH		DFND	0	9,292	0	0
APOLLO GLOBAL MGMT INC	COM CL A	03768E105	27,684	732,001	SH		DFND	0	732,001	0	0
ARAMARK	COM	03852U106	37,040	849,934	SH		DFND	0	849,934	0	0
BAKER HUGHES A GE CO	CL A	05722G100	221	9,513	SH		DFND	0	9,513	0	0
BOOKING HLDGS INC	COM	09857L108	2,438	1,242	SH		DFND	0	1,242	0	0
BROADCOM INC	COM	11135F101	7,521	27,244	SH		DFND	0	27,244	0	0
CIGNA CORP NEW	COM	125523100	2,970	19,564	SH		DFND	0	19,564	0	0
CLEVELAND CLIFFS INC	COM	185899101	159	22,000	SH		DFND	0	22,000	0	0
CORTEVA INC	COM	22052L104	1,402	50,083	SH		DFND	0	50,083	0	0
DOCUSIGN INC	COM	256163106	12,879	208,000	SH		DFND	0	208,000	0	0
DOW INC	COM	260557103	1,342	28,162	SH		DFND	0	28,162	0	0
DUPONT DE NEMOURS INC	COM	26614N102	2,745	38,493	SH		DFND	0	38,493	0	0
FOX CORP	CL B COM	35137L204	1,177	37,333	SH		DFND	0	37,333	0	0
GLOBE LIFE INC	COM	37959E102	600	6,263	SH		DFND	0	6,263	0	0
IQVIA HLDGS INC	COM	46266C105	1,699	11,374	SH		DFND	0	11,374	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	254,960	2,000,000	SH		DFND	0	2,000,000	0	0
L3HARRIS TECHNOLOGIES INC	COM	502431109	3,095	14,833	SH		DFND	0	14,833	0	0
NUTRIEN LTD	COM	67077M108	8,603	172,470	SH		DFND	0	172,470	0	0
PROCTER & GAMBLE CO	COM	742718109	94,972	763,564	SH		DFND	0	763,564	0	0
SUNOCO LP	COM UT REP LP	86765K109	1,095	34,830	SH		DFND	0	34,830	0	0
UBIQUITI INC	COM	90353W103	2,483	21,000	SH		DFND	0	21,000	0	0
XEROX HOLDINGS CORP	COM NEW	98421M106	4,083	136,519	SH		DFND	0	136,519	0	0
ISHARES TR	JPMORGAN USD EMG	464288281	181,360	1,600,000	SH		DFND	0	1,600,000	0	0
TAPESTRY INC	COM	876030107	593	22,767	SH		DFND	0	22,767	0	0
LINDE PLC	SHS	G5494J103	6,536	33,739	SH		DFND	0	33,739	0	0
SPOTIFY TECHNOLOGY S A	SHS	L8681T102	11,468	100,600	SH		DFND	0	100,600	0	0
TC ENERGY CORP	COM	87807B107	1,644	31,746	SH		DFND	0	31,746	0	0
THOMSON REUTERS CORP	COM NEW	884903709	1,030	15,408	SH		DFND	0	15,408	0	0
3-D SYS CORP DEL	COM NEW	88554D205	99	12,141	SH		DFND	0	12,141	0	0
3M CO	COM	88579Y101	6,241	37,965	SH		DFND	0	37,965	0	0
ABBVIE INC	COM	00287Y109	7,051	93,117	SH		DFND	0	93,117	0	0
ADOBE INC	COM	00724F101	8,783	31,795	SH		DFND	0	31,795	0	0
ADVANCED MICRO DEVICES INC	COM	007903107	1,976	68,156	SH		DFND	0	68,156	0	0
AFFILIATED MANAGERS GROUP IN	COM	008252108	263	3,160	SH		DFND	0	3,160	0	0
AFLAC INC	COM	001055102	2,417	46,204	SH		DFND	0	46,204	0	0
AGILENT TECHNOLOGIES INC	COM	00846U101	1,480	19,310	SH		DFND	0	19,310	0	0
AGNC INVT CORP	COM	00123Q104	397	24,659	SH		DFND	0	24,659	0	0
AIR PRODS & CHEMS INC	COM	009158106	3,051	13,752	SH		DFND	0	13,752	0	0
ALASKA AIR GROUP INC	COM	011659109	499	7,693	SH		DFND	0	7,693	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	1,090	7,079	SH		DFND	0	7,079	0	0
ALEXION PHARMACEUTICALS INC	COM	015351109	1,370	13,993	SH		DFND	0	13,993	0	0
ALIGN TECHNOLOGY INC	COM	016255101	820	4,535	SH		DFND	0	4,535	0	0
ALLEGHANY CORP DEL	COM	017175100	6,223	7,800	SH		DFND	0	7,800	0	0
ALLSTATE CORP	COM	020002101	2,233	20,544	SH		DFND	0	20,544	0	0
ALLY FINL INC	COM	02005N100	218	6,567	SH		DFND	0	6,567	0	0
ALPHABET INC CAP STK	CL C	02079K107	48,220	39,557	SH		DFND	0	39,557	0	0
ALPHABET INC CAP STK	CL A	02079K305	21,874	17,913	SH		DFND	0	17,913	0	0
ALTICE USA INC	CL A	02156K103	7,176	250,200	SH		DFND	0	250,200	0	0
ALTRIA GROUP INC	COM	02209S103	5,717	139,773	SH		DFND	0	139,773	0	0
AMEREN CORP	COM	023608102	2,029	25,342	SH		DFND	0	25,342	0	0
AMERICAN ELEC PWR CO INC	COM	025537101	793	8,465	SH		DFND	0	8,465	0	0
AMERICAN EXPRESS CO	COM	025816109	8,923	75,436	SH		DFND	0	75,436	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	3,024	54,289	SH		DFND	0	54,289	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	6,109	27,627	SH		DFND	0	27,627	0	0
AMERIPRISE FINL INC	COM	03076C106	4,644	31,567	SH		DFND	0	31,567	0	0
AMETEK INC NEW	COM	031100100	390	4,250	SH		DFND	0	4,250	0	0
AMGEN INC	COM	031162100	35,495	183,425	SH		DFND	0	183,425	0	0
ANALOG DEVICES INC	COM	032654105	2,576	23,053	SH		DFND	0	23,053	0	0
ANSYS INC	COM	03662Q105	276	1,249	SH		DFND	0	1,249	0	0
ANTHEM INC	COM	036752103	3,833	15,964	SH		DFND	0	15,964	0	0
APACHE CORP	COM	037411105	295	11,513	SH		DFND	0	11,513	0	0
APPLE INC	COM	037833100	158,790	708,978	SH		DFND	0	708,978	0	0
APPLIED MATLS INC	COM	038222105	2,877	57,647	SH		DFND	0	57,647	0	0
ARCONIC INC	COM	03965L100	628	24,172	SH		DFND	0	24,172	0	0
ARMSTRONG WORLD INDS INC NEW	COM	04247X102	589	6,087	SH		DFND	0	6,087	0	0
ASSURANT INC	COM	04621X108	480	3,815	SH		DFND	0	3,815	0	0
AT&T INC	COM	00206R102	57,112	1,509,296	SH		DFND	0	1,509,296	0	0
AUTODESK INC	COM	052769106	2,024	13,704	SH		DFND	0	13,704	0	0
AUTOZONE INC	COM	053332102	1,661	1,531	SH		DFND	0	1,531	0	0
AVALONBAY CMNTYS INC	COM	053484101	1,877	8,716	SH		DFND	0	8,716	0	0
AVERY DENNISON CORP	COM	053611109	597	5,254	SH		DFND	0	5,254	0	0
AVIANCA HLDGS SA	SPON ADR REP PFD	05367G100	910	250,000	SH		DFND	0	250,000	0	0
BANCO BILBAO VIZCAYA ARGENTA	SPONSORED ADR	05946K101	4,942	950,310	SH		DFND	0	950,310	0	0
BANCO SANTANDER SA	ADR	05964H105	121	30,181	SH		DFND	0	30,181	0	0
BANK AMER CORP	COM	060505104	290,699	9,965,678	SH		DFND	0	9,965,678	0	0
BANK MONTREAL QUE	COM	063671101	10,738	145,600	SH		DFND	0	145,600	0	0
BANK NEW YORK MELLON CORP	COM	064058100	2,422	53,580	SH		DFND	0	53,580	0	0
BAXTER INTL INC	COM	071813109	1,029	11,760	SH		DFND	0	11,760	0	0
BCE INC	COM NEW	05534B760	577	11,927	SH		DFND	0	11,927	0	0
BECTON DICKINSON & CO	COM	075887109	4,288	16,952	SH		DFND	0	16,952	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	27,475	132,081	SH		DFND	0	132,081	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	312	1	SH		DFND	0	1	0	0
BIOGEN INC	COM	09062X103	5,008	21,510	SH		DFND	0	21,510	0	0
BLACKBERRY LTD	COM	09228F103	7,875	1,500,000	SH		DFND	0	1,500,000	0	0
BLACKROCK INC	COM	09247X101	3,089	6,931	SH		DFND	0	6,931	0	0
BOEING CO	COM	097023105	45,221	118,856	SH		DFND	0	118,856	0	0
BOOZ ALLEN HAMILTON HLDG COR	CL A	099502106	5,760	81,100	SH		DFND	0	81,100	0	0
BOSTON PROPERTIES INC	COM	101121101	1,163	8,969	SH		DFND	0	8,969	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	3,537	86,935	SH		DFND	0	86,935	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	7,090	139,813	SH		DFND	0	139,813	0	0
BUCKEYE PARTNERS L P	UNIT LTD PARTN	118230101	41,685	1,014,480	SH		DFND	0	1,014,480	0	0
CADENCE DESIGN SYSTEM INC	COM	127387108	6,561	99,285	SH		DFND	0	99,285	0	0
CAESARS ENTMT CORP	COM	127686103	24,486	2,100,000	SH		DFND	0	2,100,000	0	0
CARDINAL HEALTH INC	COM	14149Y108	281	5,962	SH		DFND	0	5,962	0	0
CARNIVAL CORP	UNIT 99/99/9999	143658300	1,153	26,384	SH		DFND	0	26,384	0	0
CATERPILLAR INC DEL	COM	149123101	12,197	96,561	SH		DFND	0	96,561	0	0
CBRE GROUP INC	CL A	12504L109	1,113	20,996	SH		DFND	0	20,996	0	0
CBS CORP NEW	CL B	124857202	2,393	59,283	SH		DFND	0	59,283	0	0
CDN IMPERIAL BK COMM TORONTO	COM	136069101	4,188	50,727	SH		DFND	0	50,727	0	0
CDW CORP	COM	12514G108	17,138	139,066	SH		DFND	0	139,066	0	0
CELGENE CORP	COM	151020104	4,708	47,412	SH		DFND	0	47,412	0	0
CENTURY ALUM CO	COM	156431108	10,616	1,600,000	SH		DFND	0	1,600,000	0	0
CENTURYLINK INC	COM	156700106	366	29,333	SH		DFND	0	29,333	0	0
CERNER CORP	COM	156782104	1,354	19,868	SH		DFND	0	19,868	0	0
CF INDS HLDGS INC	COM	125269100	1,057	21,488	SH		DFND	0	21,488	0	0
CHESAPEAKE ENERGY CORP	COM	165167107	293	208,000	SH		DFND	0	208,000	0	0
CHIPOTLE MEXICAN GRILL INC	COM	169656105	2,753	3,276	SH		DFND	0	3,276	0	0
CHURCH & DWIGHT INC	COM	171340102	1,160	15,422	SH		DFND	0	15,422	0	0
CIMAREX ENERGY CO	COM	171798101	304	6,332	SH		DFND	0	6,332	0	0
CINTAS CORP	COM	172908105	1,389	5,181	SH		DFND	0	5,181	0	0
CISCO SYS INC	COM	17275R102	14,898	301,526	SH		DFND	0	301,526	0	0
CITIGROUP INC	COM NEW	172967424	7,909	114,487	SH		DFND	0	114,487	0	0
CITIZENS FINL GROUP INC	COM	174610105	987	27,899	SH		DFND	0	27,899	0	0
CITRIX SYS INC	COM	177376100	741	7,678	SH		DFND	0	7,678	0	0
CLOROX CO DEL	COM	189054109	384	2,526	SH		DFND	0	2,526	0	0
CME GROUP INC	COM	12572Q105	11,451	54,181	SH		DFND	0	54,181	0	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	2,077	34,463	SH		DFND	0	34,463	0	0
COLGATE PALMOLIVE CO	COM	194162103	4,193	57,035	SH		DFND	0	57,035	0	0
COMERICA INC	COM	200340107	615	9,320	SH		DFND	0	9,320	0	0
COMPANHIA DE SANEAMENTO BASI	SPONSORED ADR	20441A102	550	46,320	SH		DFND	0	46,320	0	0
CONAGRA BRANDS INC	COM	205887102	283	9,232	SH		DFND	0	9,232	0	0
CONSOLIDATED EDISON INC	COM	209115104	928	9,818	SH		DFND	0	9,818	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	256	1,237	SH		DFND	0	1,237	0	0
CONTINENTAL RESOURCES INC	COM	212015101	12,053	391,460	SH		DFND	0	391,460	0	0
COOPER COS INC	COM NEW	216648402	325	1,095	SH		DFND	0	1,095	0	0
COPART INC	COM	217204106	1,011	12,583	SH		DFND	0	12,583	0	0
CORNING INC	COM	219350105	477	16,732	SH		DFND	0	16,732	0	0
COSTCO WHSL CORP NEW	COM	22160K105	7,907	27,446	SH		DFND	0	27,446	0	0
COTY INC	COM CL A	222070203	193	18,356	SH		DFND	0	18,356	0	0
CRESTWOOD EQUITY PARTNERS LP	UNIT LTD PARTNER	226344208	4,379	119,938	SH		DFND	0	119,938	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	2,356	16,947	SH		DFND	0	16,947	0	0
CSX CORP	COM	126408103	3,652	52,727	SH		DFND	0	52,727	0	0
CUMMINS INC	COM	231021106	2,578	15,851	SH		DFND	0	15,851	0	0
D R HORTON INC	COM	23331A109	1,107	21,001	SH		DFND	0	21,001	0	0
DANAHER CORPORATION	COM	235851102	7,434	51,474	SH		DFND	0	51,474	0	0
DARDEN RESTAURANTS INC	COM	237194105	671	5,675	SH		DFND	0	5,675	0	0
DAVITA INC	COM	23918K108	915	16,041	SH		DFND	0	16,041	0	0
DEERE & CO	COM	244199105	1,453	8,613	SH		DFND	0	8,613	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	23,732	412,011	SH		DFND	0	412,011	0	0
DEVON ENERGY CORP NEW	COM	25179M103	607	25,223	SH		DFND	0	25,223	0	0
DIGITAL RLTY TR INC	COM	253868103	390	3,002	SH		DFND	0	3,002	0	0
DISCOVER FINL SVCS	COM	254709108	1,610	19,859	SH		DFND	0	19,859	0	0
DISCOVERY INC	COM SER C	25470F302	512	20,789	SH		DFND	0	20,789	0	0
DISCOVERY INC	COM SER A	25470F104	263	9,864	SH		DFND	0	9,864	0	0
DISH NETWORK CORP	CL A	25470M109	513	15,045	SH		DFND	0	15,045	0	0
DISNEY WALT CO	COM DISNEY	254687106	12,943	99,317	SH		DFND	0	99,317	0	0
DOLLAR GEN CORP NEW	COM	256677105	2,550	16,044	SH		DFND	0	16,044	0	0
DOLLAR TREE INC	COM	256746108	1,686	14,767	SH		DFND	0	14,767	0	0
DOVER CORP	COM	260003108	903	9,074	SH		DFND	0	9,074	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	9,370	97,749	SH		DFND	0	97,749	0	0
DUKE REALTY CORP	COM NEW	264411505	766	22,558	SH		DFND	0	22,558	0	0
EASTMAN CHEMICAL CO	COM	277432100	6,043	81,849	SH		DFND	0	81,849	0	0
EBAY INC	COM	278642103	2,408	61,770	SH		DFND	0	61,770	0	0
ECOLAB INC	COM	278865100	3,759	18,980	SH		DFND	0	18,980	0	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	2,854	12,980	SH		DFND	0	12,980	0	0
ELECTRONIC ARTS INC	COM	285512109	1,789	18,286	SH		DFND	0	18,286	0	0
EMERSON ELEC CO	COM	291011104	2,567	38,388	SH		DFND	0	38,388	0	0
ENABLE MIDSTREAM PARTNERS LP	COM UNIT RP IN	292480100	2,854	237,216	SH		DFND	0	237,216	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	139,758	4,890,052	SH		DFND	0	4,890,052	0	0
EOG RES INC	COM	26875P101	24,360	328,219	SH		DFND	0	328,219	0	0
EQM MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	6,197	189,514	SH		DFND	0	189,514	0	0
EQUINIX INC	COM	29444U700	2,795	4,846	SH		DFND	0	4,846	0	0
ESSEX PPTY TR INC	COM	297178105	1,341	4,104	SH		DFND	0	4,104	0	0
EXELON CORP	COM	30161N101	32,272	668,023	SH		DFND	0	668,023	0	0
EXPEDITORS INTL WASH INC	COM	302130109	792	10,655	SH		DFND	0	10,655	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	937	8,021	SH		DFND	0	8,021	0	0
EXXON MOBIL CORP	COM	30231G102	2,422	34,297	SH		DFND	0	34,297	0	0
F M C CORP	COM NEW	302491303	714	8,138	SH		DFND	0	8,138	0	0
F5 NETWORKS INC	COM	315616102	527	3,751	SH		DFND	0	3,751	0	0
FACEBOOK INC	CL A	30303M102	28,443	159,722	SH		DFND	0	159,722	0	0
FEDERAL REALTY INVT TR	SH BEN INT NEW	313747206	592	4,349	SH		DFND	0	4,349	0	0
FEDEX CORP	COM	31428X106	2,180	14,978	SH		DFND	0	14,978	0	0
FIDELITY NATL INFORMATION SV	COM	31620M106	213	1,603	SH		DFND	0	1,603	0	0
FIFTH THIRD BANCORP	COM	316773100	1,248	45,587	SH		DFND	0	45,587	0	0
FIRSTENERGY CORP	COM	337932107	244	5,058	SH		DFND	0	5,058	0	0
FLEETCOR TECHNOLOGIES INC	COM	339041105	316	1,103	SH		DFND	0	1,103	0	0
FLIR SYS INC	COM	302445101	445	8,462	SH		DFND	0	8,462	0	0
FLOWSERVE CORP	COM	34354P105	211	4,507	SH		DFND	0	4,507	0	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	623	6,800	SH		DFND	0	6,800	0	0
FORD MTR CO DEL	COM	345370860	2,498	272,681	SH		DFND	0	272,681	0	0
FORTINET INC	COM	34959E109	680	8,857	SH		DFND	0	8,857	0	0
FORTIVE CORP	COM	34959J108	578	8,427	SH		DFND	0	8,427	0	0
FORTUNE BRANDS HOME & SEC IN	COM	34964C106	478	8,730	SH		DFND	0	8,730	0	0
FRANKLIN RES INC	COM	354613101	424	14,701	SH		DFND	0	14,701	0	0
GALLAGHER ARTHUR J & CO	COM	363576109	1,040	11,613	SH		DFND	0	11,613	0	0
GAP INC	COM	364760108	232	13,368	SH		DFND	0	13,368	0	0
GENERAL DYNAMICS CORP	COM	369550108	2,666	14,591	SH		DFND	0	14,591	0	0
GENERAL ELECTRIC CO	COM	369604103	3,765	421,194	SH		DFND	0	421,194	0	0
GENERAL MLS INC	COM	370334104	2,824	51,238	SH		DFND	0	51,238	0	0
GENERAL MTRS CO	COM	37045V100	3,324	88,696	SH		DFND	0	88,696	0	0
GENESEE & WYO INC	CL A	371559105	18,422	166,700	SH		DFND	0	166,700	0	0
GENUINE PARTS CO	COM	372460105	908	9,116	SH		DFND	0	9,116	0	0
GILEAD SCIENCES INC	COM	375558103	5,009	79,036	SH		DFND	0	79,036	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	2,216	10,692	SH		DFND	0	10,692	0	0
GRAINGER W W INC	COM	384802104	820	2,758	SH		DFND	0	2,758	0	0
HALLIBURTON CO	COM	406216101	230	12,223	SH		DFND	0	12,223	0	0
HANESBRANDS INC	COM	410345102	346	22,563	SH		DFND	0	22,563	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	1,368	22,564	SH		DFND	0	22,564	0	0
HCA HEALTHCARE INC	COM	40412C101	1,999	16,599	SH		DFND	0	16,599	0	0
HCP INC	COM	40414L109	5,184	145,506	SH		DFND	0	145,506	0	0
HELMERICH & PAYNE INC	COM	423452101	274	6,829	SH		DFND	0	6,829	0	0
HERSHEY CO	COM	427866108	3,082	19,886	SH		DFND	0	19,886	0	0
HILTON WORLDWIDE HLDGS INC	COM	43300A203	1,667	17,903	SH		DFND	0	17,903	0	0
HOLLYFRONTIER CORP	COM	436106108	507	9,448	SH		DFND	0	9,448	0	0
HOLOGIC INC	COM	436440101	842	16,682	SH		DFND	0	16,682	0	0
HOME DEPOT INC	COM	437076102	17,018	73,345	SH		DFND	0	73,345	0	0
HONEYWELL INTL INC	COM	438516106	2,957	17,474	SH		DFND	0	17,474	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	182	10,550	SH		DFND	0	10,550	0	0
HP INC	COM	40434L105	13,076	691,112	SH		DFND	0	691,112	0	0
HUMANA INC	COM	444859102	2,156	8,431	SH		DFND	0	8,431	0	0
HUNTINGTON INGALLS INDS INC	COM	446413106	547	2,581	SH		DFND	0	2,581	0	0
IDACORP INC	COM	451107106	2,998	26,612	SH		DFND	0	26,612	0	0
IDEX CORP	COM	45167R104	776	4,734	SH		DFND	0	4,734	0	0
IDEXX LABS INC	COM	45168D104	4,319	15,884	SH		DFND	0	15,884	0	0
ILLINOIS TOOL WKS INC	COM	452308109	471	3,009	SH		DFND	0	3,009	0	0
INCYTE CORP	COM	45337C102	827	11,140	SH		DFND	0	11,140	0	0
INTEL CORP	COM	458140100	17,525	340,089	SH		DFND	0	340,089	0	0
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	3,227	34,975	SH		DFND	0	34,975	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	59,377	408,315	SH		DFND	0	408,315	0	0
INTERNATIONAL FLAVORS&FRAGRA	COM	459506101	364	2,964	SH		DFND	0	2,964	0	0
INTERPUBLIC GROUP COS INC	COM	460690100	521	24,166	SH		DFND	0	24,166	0	0
INTL PAPER CO	COM	460146103	1,025	24,515	SH		DFND	0	24,515	0	0
INTUIT	COM	461202103	4,316	16,231	SH		DFND	0	16,231	0	0
ISHARES INC	MSCI THAILND ETF	464286624	6,963	78,500	SH		DFND	0	78,500	0	0
ISHARES INC	MSCI TAIWAN ETF	46434G772	5,061	139,204	SH		DFND	0	139,204	0	0
ISHARES INC	MSCI STH KOR ETF	464286772	1,338	23,742	SH		DFND	0	23,742	0	0
ISHARES INC	MSCI MLY ETF NEW	46434G814	17,344	622,761	SH		DFND	0	622,761	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	350	22,000	SH		DFND	0	22,000	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	28,562	305,350	SH		DFND	0	305,350	0	0
ISHARES TR	TIPS BD ETF	464287176	25,584	220,000	SH		DFND	0	220,000	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	3,132	20,694	SH		DFND	0	20,694	0	0
ISHARES TR	MSCI EMG MKT ETF	464287234	21,665	530,105	SH		DFND	0	530,105	0	0
ISHARES TR	LATN AMER 40 ETF	464287390	7,308	231,409	SH		DFND	0	231,409	0	0
ISHARES TR	CHINA LG-CAP ETF	464287184	246	6,175	SH		DFND	0	6,175	0	0
ITAU UNIBANCO HLDG SA	SPON ADR REP PFD	465562106	444	52,838	SH		DFND	0	52,838	0	0
JABIL INC	COM	466313103	846	23,653	SH		DFND	0	23,653	0	0
JOHNSON & JOHNSON	COM	478160104	65,739	508,107	SH		DFND	0	508,107	0	0
JPMORGAN CHASE & CO	COM	46625H100	17,576	149,343	SH		DFND	0	149,343	0	0
JUNIPER NETWORKS INC	COM	48203R104	534	21,584	SH		DFND	0	21,584	0	0
KELLOGG CO	COM	487836108	831	12,914	SH		DFND	0	12,914	0	0
KEYCORP NEW	COM	493267108	1,117	62,611	SH		DFND	0	62,611	0	0
KEYSIGHT TECHNOLOGIES INC	COM	49338L103	1,138	11,705	SH		DFND	0	11,705	0	0
KIMBERLY CLARK CORP	COM	494368103	10,230	72,014	SH		DFND	0	72,014	0	0
KINROSS GOLD CORP	COM	496902404	13,800	3,000,000	SH		DFND	0	3,000,000	0	0
L BRANDS INC	COM	501797104	284	14,490	SH		DFND	0	14,490	0	0
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	1,024	6,097	SH		DFND	0	6,097	0	0
LAS VEGAS SANDS CORP	COM	517834107	6,359	110,100	SH		DFND	0	110,100	0	0
LAUDER ESTEE COS INC	CL A	518439104	1,354	6,805	SH		DFND	0	6,805	0	0
LEAR CORP	COM NEW	521865204	4,537	38,479	SH		DFND	0	38,479	0	0
LEIDOS HLDGS INC	COM	525327102	724	8,435	SH		DFND	0	8,435	0	0
LENNAR CORP	CL A	526057104	991	17,748	SH		DFND	0	17,748	0	0
LILLY ELI & CO	COM	532457108	15,344	137,208	SH		DFND	0	137,208	0	0
LINCOLN NATL CORP IND	COM	534187109	754	12,493	SH		DFND	0	12,493	0	0
LOCKHEED MARTIN CORP	COM	539830109	6,049	15,509	SH		DFND	0	15,509	0	0
LOEWS CORP	COM	540424108	835	16,226	SH		DFND	0	16,226	0	0
LOWES COS INC	COM	548661107	12,579	114,394	SH		DFND	0	114,394	0	0
LULULEMON ATHLETICA INC	COM	550021109	21,814	113,300	SH		DFND	0	113,300	0	0
M & T BK CORP	COM	55261F104	1,318	8,341	SH		DFND	0	8,341	0	0
MACERICH CO	COM	554382101	217	6,877	SH		DFND	0	6,877	0	0
MACYS INC	COM	55616P104	307	19,728	SH		DFND	0	19,728	0	0
MANPOWERGROUP INC	COM	56418H100	1,019	12,100	SH		DFND	0	12,100	0	0
MARATHON PETE CORP	COM	56585A102	2,496	41,083	SH		DFND	0	41,083	0	0
MARSH & MCLENNAN COS INC	COM	571748102	3,161	31,598	SH		DFND	0	31,598	0	0
MARTIN MARIETTA MATLS INC	COM	573284106	1,068	3,897	SH		DFND	0	3,897	0	0
MASCO CORP	COM	574599106	753	18,064	SH		DFND	0	18,064	0	0
MATTEL INC	COM	577081102	359	31,520	SH		DFND	0	31,520	0	0
MAXIM INTEGRATED PRODS INC	COM	57772K101	980	16,929	SH		DFND	0	16,929	0	0
MCKESSON CORP	COM	58155Q103	1,577	11,538	SH		DFND	0	11,538	0	0
MERCK & CO INC	COM	58933Y105	23,911	284,046	SH		DFND	0	284,046	0	0
METLIFE INC	COM	59156R108	2,341	49,641	SH		DFND	0	49,641	0	0
METTLER TOLEDO INTERNATIONAL	COM	592688105	1,082	1,536	SH		DFND	0	1,536	0	0
MGIC INVT CORP WIS	COM	552848103	2,773	220,400	SH		DFND	0	220,400	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	902	32,544	SH		DFND	0	32,544	0	0
MICRON TECHNOLOGY INC	COM	595112103	563	13,149	SH		DFND	0	13,149	0	0
MICROSOFT CORP	COM	594918104	67,591	486,161	SH		DFND	0	486,161	0	0
MID AMER APT CMNTYS INC	COM	59522J103	925	7,118	SH		DFND	0	7,118	0	0
MOBILE TELESYSTEMS PJSC	SPONSORED ADR	607409109	683	84,263	SH		DFND	0	84,263	0	0
MOHAWK INDS INC	COM	608190104	464	3,736	SH		DFND	0	3,736	0	0
MONDELEZ INTL INC	CL A	609207105	5,842	105,600	SH		DFND	0	105,600	0	0
MONSTER BEVERAGE CORP	NEW COM	61174X109	1,432	24,671	SH		DFND	0	24,671	0	0
MOODYS CORP	COM	615369105	2,080	10,155	SH		DFND	0	10,155	0	0
MORGAN STANLEY	COM NEW	617446448	3,345	78,387	SH		DFND	0	78,387	0	0
MOSAIC CO NEW	COM	61945C103	863	42,099	SH		DFND	0	42,099	0	0
MPLX LP	COM UNIT REP LTD	55336V100	14,408	514,405	SH		DFND	0	514,405	0	0
MSCI INC	COM	55354G100	1,151	5,286	SH		DFND	0	5,286	0	0
NASDAQ INC	COM	631103108	915	9,205	SH		DFND	0	9,205	0	0
NATIONAL INSTRS CORP	COM	636518102	1,038	24,709	SH		DFND	0	24,709	0	0
NATIONAL OILWELL VARCO INC	COM	637071101	207	9,784	SH		DFND	0	9,784	0	0
NEKTAR THERAPEUTICS	COM	640268108	199	10,939	SH		DFND	0	10,939	0	0
NETAPP INC	COM	64110D104	255	4,848	SH		DFND	0	4,848	0	0
NEWMONT GOLDCORP CORPORATION	COM	651639106	2,057	54,252	SH		DFND	0	54,252	0	0
NEWS CORP NEW	CL A	65249B109	229	16,466	SH		DFND	0	16,466	0	0
NIKE INC	CL B	654106103	7,428	79,089	SH		DFND	0	79,089	0	0
NORFOLK SOUTHERN CORP	COM	655844108	3,899	21,704	SH		DFND	0	21,704	0	0
NORTHERN TR CORP	COM	665859104	1,251	13,410	SH		DFND	0	13,410	0	0
NORTHROP GRUMMAN CORP	COM	666807102	3,679	9,817	SH		DFND	0	9,817	0	0
NUCOR CORP	COM	670346105	963	18,918	SH		DFND	0	18,918	0	0
NVIDIA CORP	COM	67066G104	733	4,212	SH		DFND	0	4,212	0	0
NVR INC	COM	62944T105	796	214	SH		DFND	0	214	0	0
O REILLY AUTOMOTIVE INC NEW	COM	67103H107	707	1,773	SH		DFND	0	1,773	0	0
OCCIDENTAL PETE CORP	COM	674599105	2,501	56,236	SH		DFND	0	56,236	0	0
PACCAR INC	COM	693718108	883	12,617	SH		DFND	0	12,617	0	0
PARKER HANNIFIN CORP	COM	701094104	1,448	8,017	SH		DFND	0	8,017	0	0
PAYCHEX INC	COM	704326107	1,652	19,959	SH		DFND	0	19,959	0	0
PAYLOCITY HLDG CORP	COM	70438V106	1,327	13,600	SH		DFND	0	13,600	0	0
PAYPAL HLDGS INC	COM	70450Y103	7,657	73,917	SH		DFND	0	73,917	0	0
PENNEY J C CORP INC	COM	708160106	687	772,746	SH		DFND	0	772,746	0	0
PEOPLES UTD FINL INC	COM	712704105	389	24,887	SH		DFND	0	24,887	0	0
PG&E CORP	COM	69331C108	341	34,057	SH		DFND	0	34,057	0	0
PHILLIPS 66	COM	718546104	2,867	28,000	SH		DFND	0	28,000	0	0
PHILLIPS 66 PARTNERS LP	COM UNIT REP INT	718549207	2,871	50,707	SH		DFND	0	50,707	0	0
PINNACLE WEST CAP CORP	COM	723484101	680	7,009	SH		DFND	0	7,009	0	0
PIONEER NAT RES CO	COM	723787107	17,614	140,050	SH		DFND	0	140,050	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	19,615	945,300	SH		DFND	0	945,300	0	0
PNC FINL SVCS GROUP INC	COM	693475105	3,894	27,786	SH		DFND	0	27,786	0	0
POPULAR INC	COM NEW	733174700	914	16,900	SH		DFND	0	16,900	0	0
PPG INDS INC	COM	693506107	1,748	14,748	SH		DFND	0	14,748	0	0
PPL CORP	COM	69351T106	727	23,090	SH		DFND	0	23,090	0	0
PRICE T ROWE GROUP INC	COM	74144T108	3,051	26,701	SH		DFND	0	26,701	0	0
PRINCIPAL FINL GROUP INC	COM	74251V102	925	16,181	SH		DFND	0	16,181	0	0
PROGRESSIVE CORP OHIO	COM	743315103	2,989	38,697	SH		DFND	0	38,697	0	0
PROLOGIS INC	COM	74340W103	373	4,375	SH		DFND	0	4,375	0	0
PUBLIC STORAGE	COM	74460D109	2,299	9,372	SH		DFND	0	9,372	0	0
PUBLIC SVC ENTERPRISE GRP IN	COM	744573106	345	5,557	SH		DFND	0	5,557	0	0
PVH CORP	COM	693656100	408	4,626	SH		DFND	0	4,626	0	0
QORVO INC	COM	74736K101	545	7,351	SH		DFND	0	7,351	0	0
QUALCOMM INC	COM	747525103	3,887	50,951	SH		DFND	0	50,951	0	0
QUANTA SVCS INC	COM	74762E102	335	8,873	SH		DFND	0	8,873	0	0
QUEST DIAGNOSTICS INC	COM	74834L100	899	8,404	SH		DFND	0	8,404	0	0
RALPH LAUREN CORP	CL A	751212101	544	5,696	SH		DFND	0	5,696	0	0
RAYMOND JAMES FINANCIAL INC	COM	754730109	636	7,711	SH		DFND	0	7,711	0	0
RAYTHEON CO	COM NEW	755111507	3,410	17,380	SH		DFND	0	17,380	0	0
REALTY INCOME CORP	COM	756109104	1,523	19,860	SH		DFND	0	19,860	0	0
REGENCY CTRS CORP	COM	758849103	754	10,844	SH		DFND	0	10,844	0	0
REGENERON PHARMACEUTICALS	COM	75886F107	1,384	4,988	SH		DFND	0	4,988	0	0
REGIONS FINL CORP NEW	COM	7591EP100	348	21,992	SH		DFND	0	21,992	0	0
REPUBLIC SVCS INC	COM	760759100	797	9,211	SH		DFND	0	9,211	0	0
RESMED INC	COM	761152107	1,209	8,950	SH		DFND	0	8,950	0	0
RESTAURANT BRANDS INTL INC	COM	76131D103	229	3,220	SH		DFND	0	3,220	0	0
RIO TINTO PLC	SPONSORED ADR	767204100	774	14,850	SH		DFND	0	14,850	0	0
ROBERT HALF INTL INC	COM	770323103	408	7,336	SH		DFND	0	7,336	0	0
ROCKWELL AUTOMATION INC	COM	773903109	1,203	7,301	SH		DFND	0	7,301	0	0
ROGERS COMMUNICATIONS INC	CL B	775109200	7,011	143,874	SH		DFND	0	143,874	0	0
ROPER TECHNOLOGIES INC	COM	776696106	389	1,091	SH		DFND	0	1,091	0	0
ROSS STORES INC	COM	778296103	2,500	22,759	SH		DFND	0	22,759	0	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	1,380	17,000	SH		DFND	0	17,000	0	0
S&P GLOBAL INC	COM	78409V104	4,414	18,018	SH		DFND	0	18,018	0	0
SALESFORCE COM INC	COM	79466L302	3,243	21,846	SH		DFND	0	21,846	0	0
SANTANDER CONSUMER USA HDG I	COM	80283M101	6,380	250,100	SH		DFND	0	250,100	0	0
SBA COMMUNICATIONS CORP NEW	CL A	78410G104	1,702	7,057	SH		DFND	0	7,057	0	0
SCHLUMBERGER LTD	COM	806857108	2,153	62,994	SH		DFND	0	62,994	0	0
SCHWAB STRATEGIC TR	US REIT ETF	808524847	11,670	247,400	SH		DFND	0	247,400	0	0
SEALED AIR CORP NEW	COM	81211K100	400	9,644	SH		DFND	0	9,644	0	0
SENIOR HSG PPTYS TR	SH BEN INT	81721M109	167	18,000	SH		DFND	0	18,000	0	0
SERVICEMASTER GLOBAL HLDGS I	COM	81761R109	671	12,000	SH		DFND	0	12,000	0	0
SERVICENOW INC	COM	81762P102	5,839	23,000	SH		DFND	0	23,000	0	0
SHELL MIDSTREAM PARTNERS L P	UNIT LTD INT	822634101	3,088	151,000	SH		DFND	0	151,000	0	0
SILGAN HOLDINGS INC	COM	827048109	927	30,867	SH		DFND	0	30,867	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	2,992	19,221	SH		DFND	0	19,221	0	0
SL GREEN RLTY CORP	COM	78440X101	420	5,142	SH		DFND	0	5,142	0	0
SMUCKER J M CO	COM NEW	832696405	783	7,118	SH		DFND	0	7,118	0	0
SNAP ON INC	COM	833034101	539	3,445	SH		DFND	0	3,445	0	0
SOUTHERN CO	COM	842587107	3,929	63,601	SH		DFND	0	63,601	0	0
SOUTHWEST AIRLS CO	COM	844741108	1,631	30,191	SH		DFND	0	30,191	0	0
SPDR DOW JONES INDL AVRG ETF	UT SER 1	78467X109	951	3,532	SH		DFND	0	3,532	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	1,151	3,266	SH		DFND	0	3,266	0	0
SPDR SERIES TRUST	S&P OILGAS EXP	78464A730	427	19,116	SH		DFND	0	19,116	0	0
STANLEY BLACK & DECKER INC	COM	854502101	212	1,470	SH		DFND	0	1,470	0	0
STARBUCKS CORP	COM	855244109	5,685	64,290	SH		DFND	0	64,290	0	0
STATE STR CORP	COM	857477103	1,376	23,252	SH		DFND	0	23,252	0	0
STRYKER CORP	COM	863667101	5,946	27,491	SH		DFND	0	27,491	0	0
SUNTRUST BKS INC	COM	867914103	1,906	27,707	SH		DFND	0	27,707	0	0
SVB FINL GROUP	COM	78486Q101	672	3,218	SH		DFND	0	3,218	0	0
SYMANTEC CORP	COM	871503108	838	35,473	SH		DFND	0	35,473	0	0
SYNCHRONY FINL	COM	87165B103	1,298	38,087	SH		DFND	0	38,087	0	0
SYNOPSYS INC	COM	871607107	1,287	9,380	SH		DFND	0	9,380	0	0
SYSCO CORP	COM	871829107	2,544	32,037	SH		DFND	0	32,037	0	0
TAKE-TWO INTERACTIVE SOFTWAR	COM	874054109	384	3,063	SH		DFND	0	3,063	0	0
TARGET CORP	COM	87612E106	761	7,119	SH		DFND	0	7,119	0	0
TC PIPELINES LP	UT COM LTD PRT	87233Q108	1,545	38,000	SH		DFND	0	38,000	0	0
TELEFLEX INC	COM	879369106	980	2,884	SH		DFND	0	2,884	0	0
TEXAS INSTRS INC	COM	882508104	14,911	115,372	SH		DFND	0	115,372	0	0
TEXTRON INC	COM	883203101	703	14,361	SH		DFND	0	14,361	0	0
THE CHARLES SCHWAB CORPORATI	COM	808513105	3,037	72,599	SH		DFND	0	72,599	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	581	1,993	SH		DFND	0	1,993	0	0
TIFFANY & CO NEW	COM	886547108	629	6,786	SH		DFND	0	6,786	0	0
TJX COS INC NEW	COM	872540109	4,400	78,946	SH		DFND	0	78,946	0	0
TORONTO DOMINION BK ONT	COM NEW	891160509	495	8,500	SH		DFND	0	8,500	0	0
TRACTOR SUPPLY CO	COM	892356106	673	7,444	SH		DFND	0	7,444	0	0
TRANSDIGM GROUP INC	COM	893641100	1,614	3,100	SH		DFND	0	3,100	0	0
TYSON FOODS INC	CL A	902494103	1,584	18,390	SH		DFND	0	18,390	0	0
UDR INC	COM	902653104	886	18,279	SH		DFND	0	18,279	0	0
ULTA BEAUTY INC	COM	90384S303	610	2,433	SH		DFND	0	2,433	0	0
UNDER ARMOUR INC	CL A	904311107	234	11,742	SH		DFND	0	11,742	0	0
UNION PACIFIC CORP	COM	907818108	7,122	43,970	SH		DFND	0	43,970	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	660	5,508	SH		DFND	0	5,508	0	0
UNITED RENTALS INC	COM	911363109	600	4,814	SH		DFND	0	4,814	0	0
UNITED STATES OIL FUND LP	UNITS	91232N108	431	38,000	SH		DFND	0	38,000	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	468	3,425	SH		DFND	0	3,425	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	9,028	41,542	SH		DFND	0	41,542	0	0
UNITI GROUP INC	COM	91325V108	9,706	1,250,000	SH		DFND	0	1,250,000	0	0
UNIVERSAL HLTH SVCS INC	CL B	913903100	754	5,070	SH		DFND	0	5,070	0	0
UNUM GROUP	COM	91529Y106	387	13,020	SH		DFND	0	13,020	0	0
US BANCORP DEL	COM NEW	902973304	4,952	89,479	SH		DFND	0	89,479	0	0
V F CORP	COM	918204108	4,103	46,107	SH		DFND	0	46,107	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	2,204	25,861	SH		DFND	0	25,861	0	0
VANECK VECTORS ETF TR	VIETNAM ETF	92189F817	8,843	542,208	SH		DFND	0	542,208	0	0
VANECK VECTORS ETF TR	INDONESIA INDEX	92189F833	8,199	377,781	SH		DFND	0	377,781	0	0
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	39,688	1,485,900	SH		DFND	0	1,485,900	0	0
VANECK VECTORS ETF TR	AGRIBUSINESS ETF	92189F700	1,297	19,700	SH		DFND	0	19,700	0	0
VARIAN MED SYS INC	COM	92220P105	10,406	87,383	SH		DFND	0	87,383	0	0
VENTAS INC	COM	92276F100	2,002	27,412	SH		DFND	0	27,412	0	0
VERISIGN INC	COM	92343E102	1,226	6,501	SH		DFND	0	6,501	0	0
VERISK ANALYTICS INC	COM	92345Y106	909	5,748	SH		DFND	0	5,748	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	22,193	367,679	SH		DFND	0	367,679	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	2,718	16,043	SH		DFND	0	16,043	0	0
VIACOM INC NEW	CL B	92553P201	531	22,090	SH		DFND	0	22,090	0	0
VORNADO RLTY TR	SH BEN INT	929042109	22,914	359,881	SH		DFND	0	359,881	0	0
WABCO HLDGS INC	COM	92927K102	11,904	89,000	SH		DFND	0	89,000	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	2,176	39,341	SH		DFND	0	39,341	0	0
WASTE MGMT INC DEL	COM	94106L109	2,671	23,227	SH		DFND	0	23,227	0	0
WEC ENERGY GROUP INC	COM	92939U106	303	3,186	SH		DFND	0	3,186	0	0
WELLCARE HEALTH PLANS INC	COM	94946T106	814	3,140	SH		DFND	0	3,140	0	0
WELLS FARGO CO NEW	COM	949746101	4,241	84,076	SH		DFND	0	84,076	0	0
WELLTOWER INC	COM	95040Q104	7,549	83,276	SH		DFND	0	83,276	0	0
WESTERN DIGITAL CORP	COM	958102105	804	13,473	SH		DFND	0	13,473	0	0
WESTERN UN CO	COM	959802109	284	12,253	SH		DFND	0	12,253	0	0
WESTROCK CO	COM	96145D105	485	13,317	SH		DFND	0	13,317	0	0
WEYERHAEUSER CO	COM	962166104	1,288	46,491	SH		DFND	0	46,491	0	0
WHEATON PRECIOUS METALS CORP	COM	962879102	2,118	80,730	SH		DFND	0	80,730	0	0
WHIRLPOOL CORP	COM	963320106	820	5,181	SH		DFND	0	5,181	0	0
WISDOMTREE TR	INDIA ERNGS FD	97717W422	52,374	2,195,958	SH		DFND	0	2,195,958	0	0
WYNN RESORTS LTD	COM	983134107	678	6,238	SH		DFND	0	6,238	0	0
XCEL ENERGY INC	COM	98389B100	2,383	36,727	SH		DFND	0	36,727	0	0
YPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	16,188	1,750,000	SH		DFND	0	1,750,000	0	0
YUM BRANDS INC	COM	988498101	2,201	19,402	SH		DFND	0	19,402	0	0
ZOETIS INC	CL A	98978V103	4,574	36,716	SH		DFND	0	36,716	0	0
ZYNGA INC	CL A	98986T108	2,194	377,000	SH		DFND	0	377,000	0	0