Itaú Unibanco Holding (ITUB) 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
AES CORP	CALL	00130H905	0	939	SH	Call	DFND		0	0	939
AGILENT TECHNOLOGIES INC	CALL	00846U901	1	279	SH	Call	DFND		0	0	279
AIR PRODS & CHEMS INC	CALL	009158906	1	207	SH	Call	DFND		0	0	207
AKAMAI TECHNOLOGIES INC	CALL	00971T901	1	287	SH	Call	DFND		0	0	287
ALBEMARLE CORP	CALL	012653901	0	187	SH	Call	DFND		0	0	187
ALLIANT ENERGY CORP	CALL	018802908	0	147	SH	Call	DFND		0	0	147
AMERICAN INTL GROUP INC	CALL	026874904	0	435	SH	Call	DFND		0	0	435
ARCONIC INC	CALL	03965L900	4	1,273	SH	Call	DFND		0	0	1,273
BALL CORP	CALL	058498906	2	635	SH	Call	DFND		0	0	635
BANCO BRADESCO S A	CALL	059460903	4,219	10,000	SH	Call	DFND		0	0	10,000
BERKSHIRE HATHAWAY INC DEL	CALL	084670902	1	138	SH	Call	DFND		0	0	138
BERRY GLOBAL GROUP INC	CALL	08579W903	2	659	SH	Call	DFND		0	0	659
BHP BILLITON LTD	CALL	088606908	1	269	SH	Call	DFND		0	0	269
BIOGEN INC	CALL	09062X903	1	70	SH	Call	DFND		0	0	70
CABOT OIL & GAS CORP	CALL	127097903	0	1,324	SH	Call	DFND		0	0	1,324
CF INDS HLDGS INC	CALL	125269900	1	1,027	SH	Call	DFND		0	0	1,027
CHARTER COMMUNICATIONS INC N	CALL	16119P908	3	259	SH	Call	DFND		0	0	259
CHENIERE ENERGY INC	CALL	16411R908	1	474	SH	Call	DFND		0	0	474
CHEVRON CORP NEW	CALL	166764900	1	340	SH	Call	DFND		0	0	340
CINCINNATI FINL CORP	CALL	172062901	0	115	SH	Call	DFND		0	0	115
CMS ENERGY CORP	CALL	125896900	0	615	SH	Call	DFND		0	0	615
COGNIZANT TECHNOLOGY SOLUTIO	CALL	192446902	0	349	SH	Call	DFND		0	0	349
CONOCOPHILLIPS	CALL	20825C904	2	796	SH	Call	DFND		0	0	796
COOPER COS INC	CALL	216648902	1	52	SH	Call	DFND		0	0	52
CREDIT SUISSE GROUP	CALL	225401908	0	1,661	SH	Call	DFND		0	0	1,661
D R HORTON INC	CALL	23331A909	0	87	SH	Call	DFND		0	0	87
DENTSPLY SIRONA INC	CALL	24906P909	3	925	SH	Call	DFND		0	0	925
DOLLAR GEN CORP NEW	CALL	256677905	3	457	SH	Call	DFND		0	0	457
EDWARDS LIFESCIENCES CORP	CALL	28176E908	1	89	SH	Call	DFND		0	0	89
ELECTRONIC ARTS INC	CALL	285512909	2	292	SH	Call	DFND		0	0	292
EQUIFAX INC	CALL	294429905	2	493	SH	Call	DFND		0	0	493
EXPEDIA GROUP INC	CALL	30212P903	1	160	SH	Call	DFND		0	0	160
EXPEDITORS INTL WASH INC	CALL	302130909	1	277	SH	Call	DFND		0	0	277
EXTRA SPACE STORAGE INC	CALL	30225T902	0	249	SH	Call	DFND		0	0	249
F M C CORP	CALL	302491903	2	699	SH	Call	DFND		0	0	699
FIRSTENERGY CORP	CALL	337932907	1	1,034	SH	Call	DFND		0	0	1,034
FLIR SYS INC	CALL	302445901	0	381	SH	Call	DFND		0	0	381
FRANKLIN RES INC	CALL	354613901	0	1	SH	Call	DFND		0	0	1
GALLAGHER ARTHUR J & CO	CALL	363576909	0	288	SH	Call	DFND		0	0	288
GARMIN LTD	CALL	H2906T909	0	575	SH	Call	DFND		0	0	575
GARTNER INC	CALL	366651907	2	457	SH	Call	DFND		0	0	457
GENERAL ELECTRIC CO	CALL	369604903	1	3,826	SH	Call	DFND		0	0	3,826
HARRIS CORP DEL	CALL	413875905	0	122	SH	Call	DFND		0	0	122
HASBRO INC	CALL	418056907	1	371	SH	Call	DFND		0	0	371
HD SUPPLY HLDGS INC	CALL	40416M905	1	30	SH	Call	DFND		0	0	30
HP INC	CALL	40434L905	0	732	SH	Call	DFND		0	0	732
HUNTINGTON INGALLS INDS INC	CALL	446413906	1	75	SH	Call	DFND		0	0	75
IHS MARKIT LTD	CALL	G47567905	0	304	SH	Call	DFND		0	0	304
INTERNATIONAL FLAVORS&FRAGRA	CALL	459506901	0	131	SH	Call	DFND		0	0	131
ISHARES TR	CALL	464287905	4,255	1,000	SH	Call	DFND		0	0	1,000
ISHARES TR	CALL	464287904	5,966	2,000	SH	Call	DFND		0	0	2,000
LAUDER ESTEE COS INC	CALL	518439904	0	143	SH	Call	DFND		0	0	143
LEIDOS HLDGS INC	CALL	525327902	1	719	SH	Call	DFND		0	0	719
LULULEMON ATHLETICA INC	CALL	550021909	0	16	SH	Call	DFND		0	0	16
MONSTER BEVERAGE CORP NEW	CALL	61174X909	1	965	SH	Call	DFND		0	0	965
NEWELL BRANDS INC	CALL	651229906	1	966	SH	Call	DFND		0	0	966
NOBLE ENERGY INC	CALL	655044905	0	381	SH	Call	DFND		0	0	381
NRG ENERGY INC	CALL	629377908	1	919	SH	Call	DFND		0	0	919
NUTRIEN LTD	CALL	67077M908	0	619	SH	Call	DFND		0	0	619
OMEGA HEALTHCARE INVS INC	CALL	681936900	0	701	SH	Call	DFND		0	0	701
ONEOK INC NEW	CALL	682680903	3	1,343	SH	Call	DFND		0	0	1,343
PACCAR INC	CALL	693718908	0	338	SH	Call	DFND		0	0	338
PERRIGO CO PLC	CALL	G97822903	1	533	SH	Call	DFND		0	0	533
PPL CORP	CALL	69351T906	0	915	SH	Call	DFND		0	0	915
RESMED INC	CALL	761152907	4	982	SH	Call	DFND		0	0	982
ROLLINS INC	CALL	775711904	0	392	SH	Call	DFND		0	0	392
SANTANDER CONSUMER USA HDG I	CALL	80283M901	0	895	SH	Call	DFND		0	0	895
SEMPRA ENERGY	CALL	816851909	0	183	SH	Call	DFND		0	0	183
SQUARE INC	CALL	852234903	0	159	SH	Call	DFND		0	0	159
SS&C TECHNOLOGIES HLDGS INC	CALL	78467J900	0	437	SH	Call	DFND		0	0	437
TAKE-TWO INTERACTIVE SOFTWAR	CALL	874054909	1	156	SH	Call	DFND		0	0	156
TAPESTRY INC	CALL	876030907	2	870	SH	Call	DFND		0	0	870
TC ENERGY CORP	CALL	87807B907	1	954	SH	Call	DFND		0	0	954
TECK RESOURCES LTD	CALL	878742904	1	735	SH	Call	DFND		0	0	735
TRANSUNION	CALL	89400J907	0	71	SH	Call	DFND		0	0	71
TRIPADVISOR INC	CALL	896945901	1	601	SH	Call	DFND		0	0	601
TWITTER INC	CALL	90184L902	1	1,358	SH	Call	DFND		0	0	1,358
UNDER ARMOUR INC	CALL	904311906	0	459	SH	Call	DFND		0	0	459
WALMART INC	CALL	931142903	2	869	SH	Call	DFND		0	0	869
WATERS CORP	CALL	941848903	1	99	SH	Call	DFND		0	0	99
WEC ENERGY GROUP INC	CALL	92939U906	0	982	SH	Call	DFND		0	0	982
WILLIAMS COS INC DEL	CALL	969457900	0	586	SH	Call	DFND		0	0	586
ZILLOW GROUP INC	CALL	98954M900	3	905	SH	Call	DFND		0	0	905
ZOETIS INC	CALL	98978V903	1	438	SH	Call	DFND		0	0	438
ABBOTT LABS	PUT	002824950	0	524	SH	Put	DFND		0	0	524
ACCENTURE PLC IRELAND	PUT	G1151C951	0	133	SH	Put	DFND		0	0	133
ALEXION PHARMACEUTICALS INC	PUT	015351959	0	51	SH	Put	DFND		0	0	51
AMERICAN WTR WKS CO INC NEW	PUT	030420953	0	109	SH	Put	DFND		0	0	109
AMGEN INC	PUT	031162950	1	122	SH	Put	DFND		0	0	122
ANADARKO PETE CORP	PUT	032511957	0	22	SH	Put	DFND		0	0	22
ARCELORMITTAL SA LUXEMBOURG	PUT	03938L953	0	1,393	SH	Put	DFND		0	0	1,393
AVERY DENNISON CORP	PUT	053611959	1	9	SH	Put	DFND		0	0	9
BANCO BRADESCO S A	PUT	059460953	5	10,000	SH	Put	DFND		0	0	10,000
BANK AMER CORP	PUT	060505954	0	1,293	SH	Put	DFND		0	0	1,293
BANK NEW YORK MELLON CORP	PUT	064058950	0	489	SH	Put	DFND		0	0	489
BB&T CORP	PUT	054937957	0	480	SH	Put	DFND		0	0	480
BRITISH AMERN TOB PLC	PUT	110448957	0	94	SH	Put	DFND		0	0	94
BROADCOM INC	PUT	11135F951	1	133	SH	Put	DFND		0	0	133
CANADIAN NAT RES LTD	PUT	136385951	0	596	SH	Put	DFND		0	0	596
CARMAX INC	PUT	143130952	0	386	SH	Put	DFND		0	0	386
CELANESE CORP DEL	PUT	150870953	0	478	SH	Put	DFND		0	0	478
CENTERPOINT ENERGY INC	PUT	15189T957	1	972	SH	Put	DFND		0	0	972
CIMAREX ENERGY CO	PUT	171798951	0	453	SH	Put	DFND		0	0	453
CINTAS CORP	PUT	172908955	0	98	SH	Put	DFND		0	0	98
CITIGROUP INC	PUT	172967954	0	249	SH	Put	DFND		0	0	249
CITRIX SYS INC	PUT	177376950	1	182	SH	Put	DFND		0	0	182
CONAGRA BRANDS INC	PUT	205887952	1	504	SH	Put	DFND		0	0	504
CONSTELLATION BRANDS INC	PUT	21036P957	0	160	SH	Put	DFND		0	0	160
DARDEN RESTAURANTS INC	PUT	237194955	1	518	SH	Put	DFND		0	0	518
DAVITA INC	PUT	23918K958	0	421	SH	Put	DFND		0	0	421
DEVON ENERGY CORP NEW	PUT	25179M953	1	347	SH	Put	DFND		0	0	347
DOCUSIGN INC	PUT	256163956	1	369	SH	Put	DFND		0	0	369
DOMINION ENERGY INC	PUT	25746U959	2	1,224	SH	Put	DFND		0	0	1,224
DOMINOS PIZZA INC	PUT	25754A951	1	119	SH	Put	DFND		0	0	119
E TRADE FINANCIAL CORP	PUT	269246951	0	274	SH	Put	DFND		0	0	274
EBAY INC	PUT	278642953	1	477	SH	Put	DFND		0	0	477
ECOLAB INC	PUT	278865950	0	149	SH	Put	DFND		0	0	149
ENBRIDGE INC	PUT	29250N955	0	1,154	SH	Put	DFND		0	0	1,154
ENTERGY CORP NEW	PUT	29364G953	0	265	SH	Put	DFND		0	0	265
EVERSOURCE ENERGY	PUT	30040W958	0	379	SH	Put	DFND		0	0	379
FASTENAL CO	PUT	311900954	0	458	SH	Put	DFND		0	0	458
FEDEX CORP	PUT	31428X956	0	90	SH	Put	DFND		0	0	90
FIRST REP BK SAN FRANCISCO C	PUT	33616C950	1	379	SH	Put	DFND		0	0	379
FRANCO NEVADA CORP	PUT	351858955	0	257	SH	Put	DFND		0	0	257
GENERAL MLS INC	PUT	370334954	1	710	SH	Put	DFND		0	0	710
GENUINE PARTS CO	PUT	372460955	0	411	SH	Put	DFND		0	0	411
HALLIBURTON CO	PUT	406216951	0	525	SH	Put	DFND		0	0	525
HELMERICH & PAYNE INC	PUT	423452951	1	524	SH	Put	DFND		0	0	524
HERBALIFE NUTRITION LTD	PUT	G4412G951	0	166	SH	Put	DFND		0	0	166
HUNT J B TRANS SVCS INC	PUT	445658957	1	515	SH	Put	DFND		0	0	515
INTERNATIONAL BUSINESS MACHS	PUT	459200951	1	550	SH	Put	DFND		0	0	550
INTL PAPER CO	PUT	460146953	0	367	SH	Put	DFND		0	0	367
INTUITIVE SURGICAL INC	PUT	46120E952	1	103	SH	Put	DFND		0	0	103
IRON MTN INC NEW	PUT	46284V951	0	491	SH	Put	DFND		0	0	491
ISHARES TR	PUT	464287950	3	4,011	SH	Put	DFND		0	0	4,011
JOHNSON & JOHNSON	PUT	478160954	1	365	SH	Put	DFND		0	0	365
KRAFT HEINZ CO	PUT	500754956	0	624	SH	Put	DFND		0	0	624
KROGER CO	PUT	501044951	2	944	SH	Put	DFND		0	0	944
LYONDELLBASELL INDUSTRIES N	PUT	N53745950	0	343	SH	Put	DFND		0	0	343
MCCORMICK & CO INC	PUT	579780956	1	241	SH	Put	DFND		0	0	241
MICRON TECHNOLOGY INC	PUT	595112953	0	949	SH	Put	DFND		0	0	949
MOLINA HEALTHCARE INC	PUT	60855R950	1	76	SH	Put	DFND		0	0	76
NEXTERA ENERGY INC	PUT	65339F951	0	249	SH	Put	DFND		0	0	249
NIELSEN HLDGS PLC	PUT	G6518L958	1	400	SH	Put	DFND		0	0	400
NIKE INC	PUT	654106953	1	645	SH	Put	DFND		0	0	645
NISOURCE INC	PUT	65473P955	0	555	SH	Put	DFND		0	0	555
NORTHERN TR CORP	PUT	665859954	0	185	SH	Put	DFND		0	0	185
NUCOR CORP	PUT	670346955	0	269	SH	Put	DFND		0	0	269
ORACLE CORP	PUT	68389X955	0	669	SH	Put	DFND		0	0	669
PAYCHEX INC	PUT	704326957	1	257	SH	Put	DFND		0	0	257
PG&E CORP	PUT	69331C958	1	327	SH	Put	DFND		0	0	327
PHILIP MORRIS INTL INC	PUT	718172959	0	234	SH	Put	DFND		0	0	234
PINNACLE WEST CAP CORP	PUT	723484951	0	382	SH	Put	DFND		0	0	382
PPG INDS INC	PUT	693506957	1	440	SH	Put	DFND		0	0	440
ROBERT HALF INTL INC	PUT	770323953	0	211	SH	Put	DFND		0	0	211
SCHLUMBERGER LTD	PUT	806857958	1	1,529	SH	Put	DFND		0	0	1,529
SKYWORKS SOLUTIONS INC	PUT	83088M952	1	201	SH	Put	DFND		0	0	201
SNAP ON INC	PUT	833034951	1	359	SH	Put	DFND		0	0	359
SOUTHERN CO	PUT	842587957	0	522	SH	Put	DFND		0	0	522
STATE STR CORP	PUT	857477953	1	1,129	SH	Put	DFND		0	0	1,129
STEEL DYNAMICS INC	PUT	858119950	0	1,068	SH	Put	DFND		0	0	1,068
TAIWAN SEMICONDUCTOR MFG LTD	PUT	874039950	1	520	SH	Put	DFND		0	0	520
TARGA RES CORP	PUT	87612G951	0	310	SH	Put	DFND		0	0	310
TEXTRON INC	PUT	883203951	1	934	SH	Put	DFND		0	0	934
TIFFANY & CO NEW	PUT	886547958	0	129	SH	Put	DFND		0	0	129
TOTAL S A	PUT	89151E959	0	431	SH	Put	DFND		0	0	431
UNITED RENTALS INC	PUT	911363959	0	88	SH	Put	DFND		0	0	88
UNITEDHEALTH GROUP INC	PUT	91324P952	3	438	SH	Put	DFND		0	0	438
VAIL RESORTS INC	PUT	91879Q959	0	108	SH	Put	DFND		0	0	108
VALE S A	PUT	91912E955	1	5,000	SH	Put	DFND		0	0	5,000
VALERO ENERGY CORP NEW	PUT	91913Y950	0	352	SH	Put	DFND		0	0	352
VANECK VECTORS ETF TR	PUT	92189F958	2	3,000	SH	Put	DFND		0	0	3,000
WALGREENS BOOTS ALLIANCE INC	PUT	931427958	0	325	SH	Put	DFND		0	0	325
WELLS FARGO CO NEW	PUT	949746951	1	1,599	SH	Put	DFND		0	0	1,599
WHEATON PRECIOUS METALS CORP	PUT	962879952	0	547	SH	Put	DFND		0	0	547
3M CO	COM	88579Y101	374	2,161	SH		DFND		0	0	623
AARONS INC	COM PAR $0.50	002535300	375	6,100	SH		DFND		0	0	375
ABBOTT LABS	COM	002824100	1,065	12,705	SH		DFND		0	0	9,214
ABBVIE INC	COM	00287Y109	287	3,949	SH		DFND		0	0	287
ABERCROMBIE & FITCH CO	CL A	002896207	366	22,832	SH		DFND		0	0	366
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	291	1,576	SH		DFND		0	0	291
ACUITY BRANDS INC	COM	00508Y102	410	2,970	SH		DFND		0	0	410
ADDUS HOMECARE CORP	COM	006739106	347	4,625	SH		DFND		0	0	347
ADOBE SYS INC	COM	00724F101	134	457	SH		DFND		0	0	457
AERIE PHARMACEUTICALS INC	COM	00771V108	18	626	SH		DFND		0	0	626
AES CORP	COM	00130H105	575	34,322	SH		DFND		0	0	575
AFLAC INC	COM	001055102	599	10,925	SH		DFND		0	0	599
AGCO CORP	COM	001084102	341	4,394	SH		DFND		0	0	650
ALCOA CORP	COM	013872106	14	609	SH		DFND		0	0	609
ALDER BIOPHARMACEUTICALS INC	COM	014339105	7	618	SH		DFND		0	0	618
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	923	5,460	SH		DFND		0	0	3,178
ALLERGAN PLC	SHS	G0177J108	305	1,829	SH		DFND		0	0	1,829
ALLSTATE CORP	COM	020002101	393	3,869	SH		DFND		0	0	393
ALNYLAM PHARMACEUTICALS INC	COM	02043Q107	12	166	SH		DFND		0	0	166
ALPHABET INC	CAP STK CL A	02079K305	3,293	3,048	SH		DFND		0	0	3,175
ALTRIA GROUP INC	COM	02209S103	494	10,431	SH		DFND		0	0	494
AMAZON COM INC	COM	023135106	52,000	27,466	SH		DFND		0	0	28,591
AMC NETWORKS INC	CL A	00164V103	320	5,879	SH		DFND		0	0	320
AMEDISYS INC	COM	023436108	388	3,193	SH		DFND		0	0	388
AMEREN CORP	COM	023608102	1,180	15,708	SH		DFND		0	0	1,180
AMERICA MOVIL SAB DE CV	SPON ADR L SHS	02364W105	29,690	2,039,128	SH		SOLE		714,218	0	1,324,910
AMERICAN EAGLE OUTFITTERS NE	COM	02553E106	552	32,636	SH		DFND		0	0	552
AMERICAN EXPRESS CO	COM	025816109	258	2,099	SH		DFND		0	0	2,099
AMERICAN FINL GROUP INC OHIO	COM	025932104	794	7,751	SH		DFND		0	0	794
AMERIPRISE FINL INC	COM	03076C106	316	2,175	SH		DFND		0	0	316
AMERISAFE INC	COM	03071H100	529	8,289	SH		DFND		0	0	529
AMETEK INC NEW	COM	031100100	732	8,071	SH		DFND		0	0	2,228
AMGEN INC	COM	031162100	654	3,551	SH		DFND		0	0	654
AMPHENOL CORP NEW	CL A	032095101	460	4,796	SH		DFND		0	0	460
ANALOG DEVICES INC	COM	032654105	324	2,872	SH		DFND		0	0	324
ANSYS INC	COM	03662Q105	431	2,103	SH		DFND		0	0	431
ANTHEM INC	COM	036752103	524	1,867	SH		DFND		0	0	1,867
APERGY CORP	COM	03755L104	407	12,142	SH		DFND		0	0	407
APOLLO COML REAL EST FIN INC	COM	03762U105	1,026	55,772	SH		DFND		0	0	1,026
APPLE INC	COM	037833100	1,164	5,916	SH		DFND		0	0	7,408
APPLIED INDL TECHNOLOGIES IN	COM	03820C105	430	6,992	SH		DFND		0	0	430
ARCBEST CORP	COM	03937C105	304	10,811	SH		DFND		0	0	304
ARCUS BIOSCIENCES INC	COM	03969F109	4	464	SH		DFND		0	0	464
ARES MANAGEMENT CORPORATION	COM	03990B101	164	6,283	SH		DFND		0	0	6,283
ARMOUR RESIDENTIAL REIT INC	COM NEW	042315507	568	30,459	SH		DFND		0	0	568
ASGN INC	COM	00191U102	344	5,675	SH		DFND		0	0	344
ASSEMBLY BIOSCIENCES INC	COM	045396108	4	289	SH		DFND		0	0	289
ASSURANT INC	COM	04621X108	262	2,470	SH		DFND		0	0	2,470
ASSURED GUARANTY LTD	COM	G0585R106	252	6,014	SH		DFND		0	0	6,014
ASTRAZENECA PLC	SPONSORED ADR	046353108	427	10,397	SH		DFND		0	0	10,397
ATHENE HLDG LTD	CL A	G0684D107	179	4,184	SH		DFND		0	0	4,184
ATLASSIAN CORP PLC	CL A	G06242104	13	102	SH		DFND		0	0	102
ATRECA INC	COM	04965G109	10	513	SH		DFND		0	0	513
AUDENTES THERAPEUTICS INC	COM	05070R104	13	336	SH		DFND		0	0	336
AVANGRID INC	COM	05351W103	151	3,003	SH		DFND		0	0	3,003
AVNET INC	COM	053807103	251	5,535	SH		DFND		0	0	251
AVON PRODS INC	COM	054303102	2,504	645,432	SH		DFND		0	0	784,458
AXA EQUITABLE HLDGS INC	COM	054561105	59	2,854	SH		DFND		0	0	2,854
AZUL S A	SPONSR ADR PFD	05501U106	1,792	53,587	SH		DFND		0	0	53,587
BAIDU INC	SPON ADR REP A	056752108	456	3,899	SH		DFND		0	0	3,899
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	117,940	12,010,158	SH		SOLE		5,281,426	0	6,728,732
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	271,297	27,626,966	SH		DFND		0	0	27,626,966
BANCO DE CHILE	SPONSORED ADR	059520106	9,854	331,894	SH		SOLE		125,634	0	206,260
BANCO MACRO SA	SPON ADR B	05961W105	4,937	67,770	SH		DFND		0	0	4,937
BANCO SANTANDER BRASIL S A	ADS REP 1 UNIT	05967A107	1,945	163,900	SH		SOLE		163,900	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	28,513	558,633	SH		SOLE		211,983	0	346,650
BANK AMER CORP	COM	060505104	1,200	41,551	SH		DFND		0	0	41,551
BANK HAWAII CORP	COM	062540109	464	5,594	SH		DFND		0	0	464
BANNER CORP	COM NEW	06652V208	529	9,771	SH		DFND		0	0	529
BARNES GROUP INC	COM	067806109	498	8,833	SH		DFND		0	0	498
BAXTER INTL INC	COM	071813109	722	8,829	SH		DFND		0	0	2,824
BB&T CORP	COM	054937107	483	9,832	SH		DFND		0	0	483
BEST BUY INC	COM	086516101	695	9,973	SH		DFND		0	0	15,523
BIO TECHNE CORP	COM	09073M104	276	1,323	SH		DFND		0	0	276
BIOGEN INC	COM	09062X103	436	1,866	SH		DFND		0	0	436
BIOHAVEN PHARMACTL HLDG CO L	COM	G11196105	15	336	SH		DFND		0	0	336
BJS RESTAURANTS INC	COM	09180C106	659	14,995	SH		DFND		0	0	659
BLUCORA INC	COM	095229100	568	18,722	SH		DFND		0	0	7,846
BLUEBIRD BIO INC	COM	09609G100	38	300	SH		DFND		0	0	300
BOEING CO	COM	097023105	579	1,598	SH		DFND		0	0	1,598
BOOKING HLDGS INC	COM	09857L108	1,892	1,009	SH		DFND		0	0	1,892
BOSTON SCIENTIFIC CORP	COM	101137107	378	8,855	SH		DFND		0	0	13,354
BRADY CORP	CL A	104674106	640	12,967	SH		DFND		0	0	640
BRF SA	SPONSORED ADR	10552T107	1,965	258,500	SH		SOLE		86,600	0	171,900
BRF SA	SPONSORED ADR	10552T107	9,173	1,206,980	SH		DFND		0	0	1,206,980
BRISTOL MYERS SQUIBB CO	COM	110122108	957	21,127	SH		DFND		0	0	6,994
BROADCOM INC	COM	11135F101	477	1,656	SH		DFND		0	0	477
BROOKLINE BANCORP INC DEL	COM	11373M107	418	27,194	SH		DFND		0	0	418
BROWN & BROWN INC	COM	115236101	465	13,870	SH		DFND		0	0	465
BUCKLE INC	COM	118440106	549	31,742	SH		DFND		0	0	549
BURLINGTON STORES INC	COM	122017106	1,511	8,893	SH		DFND		0	0	4,278
C H ROBINSON WORLDWIDE INC	COM NEW	12541W209	390	4,618	SH		DFND		0	0	390
CABOT CORP	COM	127055101	169	3,568	SH		DFND		0	0	3,568
CABOT MICROELECTRONICS CORP	COM	12709P103	467	4,240	SH		DFND		0	0	467
CABOT OIL & GAS CORP	COM	127097103	511	22,243	SH		DFND		0	0	511
CACI INTL INC	CL A	127190304	653	3,193	SH		DFND		0	0	653
CADENCE DESIGN SYSTEM INC	COM	127387108	571	8,061	SH		DFND		0	0	571
CALITHERA BIOSCIENCES INC	COM	13089P101	3	682	SH		DFND		0	0	682
CAPITAL ONE FINL CORP	COM	14040H105	522	5,748	SH		DFND		0	0	522
CAPSTEAD MTG CORP	COM NO PAR	14067E506	865	103,615	SH		DFND		0	0	865
CARLISLE COS INC	COM	142339100	334	2,379	SH		DFND		0	0	334
CARPENTER TECHNOLOGY CORP	COM	144285103	21	431	SH		DFND		0	0	431
CARTERS INC	COM	146229109	762	7,813	SH		DFND		0	0	762
CATERPILLAR INC DEL	COM	149123101	124	914	SH		DFND		0	0	914
CATHAY GEN BANCORP	COM	149150104	365	10,160	SH		DFND		0	0	365
CATO CORP NEW	CL A	149205106	400	32,489	SH		DFND		0	0	400
CBRE GROUP INC	CL A	12504L109	374	7,291	SH		DFND		0	0	374
CDK GLOBAL INC	COM	12508E101	503	10,180	SH		DFND		0	0	503
CELANESE CORP DEL	COM	150870103	608	5,648	SH		DFND		0	0	1,519
CELGENE CORP	COM	151020104	365	3,952	SH		DFND		0	0	365
CEMENTOS PACASMAYO S A A	SPONSORED ADR	15126Q208	153	17,434	SH		DFND		0	0	17,434
CEMEX SAB DE CV	SPON ADR NEW	151290889	5,458	1,287,363	SH		SOLE		584,620	0	702,743
CEMEX SAB DE CV	SPON ADR NEW	151290889	3,120	735,900	SH		DFND		0	0	735,900
CENTRAIS ELETRICAS BRASILEIR	SPONSORED ADR	15234Q207	517	56,636	SH		DFND		0	0	56,636
CENTRAIS ELETRICAS BRASILEIR	SPON ADR PFD B	15234Q108	786	85,248	SH		DFND		0	0	85,248
CENTRAL PAC FINL CORP	COM NEW	154760409	521	17,404	SH		DFND		0	0	521
CENTRAL PUERTO S A	SPONSORED ADR	155038201	4,172	450,014	SH		SOLE		150,364	0	299,650
CERIDIAN HCM HLDG INC	COM	15677J108	29	577	SH		DFND		0	0	577
CHARTER COMMUNICATIONS INC N	CL A	16119P108	107	274	SH		DFND		0	0	595
CHATHAM LODGING TR	COM	16208T102	374	19,815	SH		DFND		0	0	374
CHEESECAKE FACTORY INC	COM	163072101	844	19,309	SH		DFND		0	0	844
CHEMED CORP NEW	COM	16359R103	751	2,082	SH		DFND		0	0	751
CHESAPEAKE LODGING TR	SH BEN INT	165240102	372	13,076	SH		DFND		0	0	372
CHEVRON CORP NEW	COM	166764100	1,040	8,370	SH		DFND		0	0	3,374
CINEMARK HOLDINGS INC	COM	17243V102	837	23,176	SH		DFND		0	0	837
CISCO SYS INC	COM	17275R102	604	11,039	SH		DFND		0	0	604
CITRIX SYS INC	COM	177376100	661	6,735	SH		DFND		0	0	661
CITY HLDG CO	COM	177835105	313	4,101	SH		DFND		0	0	313
COCA COLA CO	COM	191216100	873	17,214	SH		DFND		0	0	17,214
COHERUS BIOSCIENCES INC	COM	19249H103	22	989	SH		DFND		0	0	989
COLGATE PALMOLIVE CO	COM	194162103	493	6,876	SH		DFND		0	0	493
COMCAST CORP NEW	CL A	20030N101	1,266	30,023	SH		DFND		0	0	18,330
COMERICA INC	COM	200340107	495	6,808	SH		DFND		0	0	495
COMFORT SYS USA INC	COM	199908104	710	13,932	SH		DFND		0	0	710
COMPANHIA BRASILEIRA DE DIST	SPN ADR PFD CL A	20440T201	19,081	779,435	SH		SOLE		378,718	0	400,717
COMPANHIA BRASILEIRA DE DIST	SPN ADR PFD CL A	20440T201	116	4,731	SH		DFND		0	0	4,731
COMPANHIA DE SANEAMENTO BASI	SPONSORED ADR	20441A102	987	81,100	SH		SOLE		27,100	0	54,000
COMPANHIA DE SANEAMENTO BASI	SPONSORED ADR	20441A102	425	34,899	SH		DFND		0	0	34,899
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	9,573	2,512,551	SH		SOLE		977,690	0	1,534,861
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	2,293	601,946	SH		DFND		0	0	601,946
COMPANHIA SIDERURGICA NACION	SPONSORED ADR	20440W105	2,407	558,446	SH		DFND		0	0	558,446
COMPANIA DE MINAS BUENAVENTU	SPONSORED ADR	204448104	14,810	888,400	SH		SOLE		294,200	0	594,200
COMPANIA DE MINAS BUENAVENTU	SPONSORED ADR	204448104	217	13,046	SH		DFND		0	0	13,046
COMPUTER PROGRAMS & SYS INC	COM	205306103	609	21,904	SH		DFND		0	0	609
CONOCOPHILLIPS	COM	20825C104	610	9,995	SH		DFND		0	0	610
CONSOL ENERGY INC NEW	COM	20854L108	281	10,549	SH		DFND		0	0	281
COPA HOLDINGS SA	CL A	P31076105	7,659	78,499	SH		DFND		0	0	7,659
CORTEVA INC	COM	22052L104	36	1,219	SH		DFND		0	0	36
COSAN LTD	SHS A	G25343107	19,603	1,467,273	SH		DFND		0	0	19,603
CPFL ENERGIA S A	SPONSORED ADR	126153105	241	15,419	SH		DFND		0	0	15,419
CRACKER BARREL OLD CTRY STOR	COM	22410J106	1,097	6,426	SH		DFND		0	0	1,097
CRANE CO	COM	224399105	396	4,749	SH		DFND		0	0	396
CREDICORP LTD	COM	G2519Y108	58,113	253,868	SH		SOLE		82,262	0	171,606
CREDICORP LTD	COM	G2519Y108	4,372	19,100	SH		DFND		0	0	4,372
CSG SYS INTL INC	COM	126349109	601	12,318	SH		DFND		0	0	601
CSX CORP	COM	126408103	310	4,004	SH		DFND		0	0	310
CUMMINS INC	COM	231021106	740	4,318	SH		DFND		0	0	740
CURTISS WRIGHT CORP	COM	231561101	348	2,737	SH		DFND		0	0	348
CVS HEALTH CORP	COM	126650100	469	8,600	SH		DFND		0	0	8,600
CYTOMX THERAPEUTICS INC	COM	23284F105	8	756	SH		DFND		0	0	756
DANA INCORPORATED	COM	235825205	268	13,430	SH		DFND		0	0	268
DANAHER CORP DEL	COM	235851102	322	2,265	SH		DFND		0	0	2,265
DARDEN RESTAURANTS INC	COM	237194105	786	6,458	SH		DFND		0	0	786
DECKERS OUTDOOR CORP	COM	243537107	427	2,424	SH		DFND		0	0	427
DELTA AIR LINES INC DEL	COM NEW	247361702	408	7,196	SH		DFND		0	0	408
DELUXE CORP	COM	248019101	346	8,514	SH		DFND		0	0	346
DERMIRA INC	COM	24983L104	35	3,631	SH		DFND		0	0	3,631
DICKS SPORTING GOODS INC	COM	253393102	328	9,483	SH		DFND		0	0	328
DIODES INC	COM	254543101	365	10,025	SH		DFND		0	0	365
DISCOVER FINL SVCS	COM	254709108	692	8,921	SH		DFND		0	0	692
DISNEY WALT CO	COM DISNEY	254687106	1,777	12,735	SH		DFND		0	0	2,896
DOMINOS PIZZA INC	COM	25754A201	906	3,256	SH		DFND		0	0	906
DOMTAR CORP	COM NEW	257559203	357	8,010	SH		DFND		0	0	357
DOUGLAS EMMETT INC	COM	25960P109	617	15,491	SH		DFND		0	0	617
DOVER CORP	COM	260003108	578	5,771	SH		DFND		0	0	578
DTE ENERGY CO	COM	233331107	762	5,960	SH		DFND		0	0	762
DUKE ENERGY CORP NEW	COM NEW	26441C204	842	9,537	SH		DFND		0	0	842
DUPONT DE NEMOURS INC	COM	26614N102	92	1,219	SH		DFND		0	0	92
DXC TECHNOLOGY CO	COM	23355L106	457	8,294	SH		DFND		0	0	457
EAST WEST BANCORP INC	COM	27579R104	299	6,398	SH		DFND		0	0	299
EASTMAN CHEM CO	COM	277432100	527	6,767	SH		DFND		0	0	527
EATON CORP PLC	SHS	G29183103	681	8,173	SH		DFND		0	0	681
ELANCO ANIMAL HEALTH INC	COM	28414H103	31	911	SH		DFND		0	0	911
EMBRAER S A	SP ADR REP 4 COM	29082A107	6,554	325,583	SH		SOLE		136,251	0	189,332
EMBRAER S A	SP ADR REP 4 COM	29082A107	106	5,272	SH		DFND		0	0	5,272
EMCOR GROUP INC	COM	29084Q100	800	9,078	SH		DFND		0	0	800
EMERSON ELEC CO	COM	291011104	505	7,564	SH		DFND		0	0	505
EMPLOYERS HOLDINGS INC	COM	292218104	468	11,070	SH		DFND		0	0	468
ENCANA CORP	COM	292505104	84	16,516	SH		DFND		0	0	16,516
ENCOMPASS HEALTH CORP	COM	29261A100	791	12,492	SH		DFND		0	0	791
ENCORE WIRE CORP	COM	292562105	461	7,862	SH		DFND		0	0	461
ENEL AMERICAS S A	SPONSORED ADR	29274F104	727	81,958	SH		DFND		0	0	81,958
ENOVA INTL INC	COM	29357K103	488	21,174	SH		DFND		0	0	488
ENSIGN GROUP INC	COM	29358P101	514	9,024	SH		DFND		0	0	514
EOG RES INC	COM	26875P101	490	5,262	SH		DFND		0	0	490
EPLUS INC	COM	294268107	301	4,364	SH		DFND		0	0	301
EPR PPTYS	COM SH BEN INT	26884U109	488	6,549	SH		DFND		0	0	488
ESCO TECHNOLOGIES INC	COM	296315104	474	5,734	SH		DFND		0	0	474
ESSEX PPTY TR INC	COM	297178105	478	1,636	SH		DFND		0	0	478
ETHAN ALLEN INTERIORS INC	COM	297602104	664	31,536	SH		DFND		0	0	664
EVERCORE INC	CLASS A	29977A105	430	4,855	SH		DFND		0	0	430
EXELON CORP	COM	30161N101	1,427	29,786	SH		DFND		0	0	6,361
EXPEDIA GROUP INC	COM NEW	30212P303	899	6,771	SH		DFND		0	0	3,376
EXPEDITORS INTL WASH INC	COM	302130109	576	7,594	SH		DFND		0	0	576
EXXON MOBIL CORP	COM	30231G102	1,615	21,121	SH		DFND		0	0	11,521
F5 NETWORKS INC	COM	315616102	795	5,459	SH		DFND		0	0	795
FACEBOOK INC	CL A	30303M102	4,180	21,696	SH		DFND		0	0	10,566
FEDERAL SIGNAL CORP	COM	313855108	586	21,916	SH		DFND		0	0	586
FIFTH THIRD BANCORP	COM	316773100	393	14,092	SH		DFND		0	0	393
FIRST AMERN FINL CORP	COM	31847R102	527	9,815	SH		DFND		0	0	527
FIRST BANCORP P R	COM NEW	318672706	451	40,833	SH		DFND		0	0	451
FLEETCOR TECHNOLOGIES INC	COM	339041105	268	960	SH		DFND		0	0	960
FLIR SYS INC	COM	302445101	600	11,094	SH		DFND		0	0	600
FLOWERS FOODS INC	COM	343498101	843	36,241	SH		DFND		0	0	843
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	54,177	559,974	SH		SOLE		277,984	0	281,990
FOOT LOCKER INC	COM	344849104	486	11,603	SH		DFND		0	0	486
FORRESTER RESH INC	COM	346563109	656	13,945	SH		DFND		0	0	656
FORTINET INC	COM	34959E109	317	4,121	SH		DFND		0	0	317
FORTIVE CORP	COM	34959J108	138	1,699	SH		DFND		0	0	1,699
FORTY SEVEN INC	COM	34983P104	14	1,285	SH		DFND		0	0	1,285
FORWARD AIR CORP	COM	349853101	493	8,342	SH		DFND		0	0	493
FRANKLIN ELEC INC	COM	353514102	305	6,412	SH		DFND		0	0	305
FTI CONSULTING INC	COM	302941109	390	4,655	SH		DFND		0	0	390
G1 THERAPEUTICS INC	COM	3621LQ109	27	870	SH		DFND		0	0	870
GALLAGHER ARTHUR J & CO	COM	363576109	343	3,914	SH		DFND		0	0	343
GAP INC DEL	COM	364760108	387	21,518	SH		DFND		0	0	387
GARDNER DENVER HLDGS INC	COM	36555P107	130	3,774	SH		DFND		0	0	3,774
GARMIN LTD	SHS	H2906T109	476	5,959	SH		DFND		0	0	476
GENERAL MLS INC	COM	370334104	513	9,760	SH		DFND		0	0	513
GENERAL MTRS CO	COM	37045V100	1,615	41,926	SH		DFND		0	0	1,615
GENPACT LIMITED	SHS	G3922B107	118	3,114	SH		DFND		0	0	3,114
GENTEX CORP	COM	371901109	694	28,192	SH		DFND		0	0	694
GENUINE PARTS CO	COM	372460105	528	5,100	SH		DFND		0	0	528
GERDAU S A	SPON ADR REP PFD	373737105	16,767	4,310,400	SH		SOLE		1,913,700	0	2,396,700
GERDAU S A	SPON ADR REP PFD	373737105	1,764	453,600	SH		DFND		0	0	453,600
GETTY RLTY CORP NEW	COM	374297109	665	21,632	SH		DFND		0	0	665
GIBRALTAR INDS INC	COM	374689107	402	9,948	SH		DFND		0	0	402
GILEAD SCIENCES INC	COM	375558103	375	5,558	SH		DFND		0	0	375
GLOBAL BLOOD THERAPEUTICS IN	COM	37890U108	2,650	50,373	SH		DFND		0	0	50,373
GLOBAL PMTS INC	COM	37940X102	200	1,261	SH		DFND		0	0	2,216
GLYCOMIMETICS INC	COM	38000Q102	11	937	SH		DFND		0	0	937
GODADDY INC	CL A	380237107	220	3,147	SH		DFND		0	0	3,147
GOL LINHAS AEREAS INTLG S A	SPON ADR PFD NEW	38045R206	3,771	223,400	SH		SOLE		76,200	0	147,200
GRACO INC	COM	384109104	281	5,591	SH		DFND		0	0	281
GRAN TIERRA ENERGY INC	COM	38500T101	347	218,106	SH		DFND		0	0	218,106
GRANITE PT MTG TR INC	COM	38741L107	1,031	53,724	SH		DFND		0	0	1,031
GROUP 1 AUTOMOTIVE INC	COM	398905109	312	3,813	SH		DFND		0	0	312
GRUPO AVAL ACCIONES Y VALORE	SPONSORED ADS	40053W101	4,440	557,147	SH		SOLE		207,847	0	349,300
GRUPO FINANCIERO GALICIA S A	SP ADR 10 SH B	399909100	15,876	447,200	SH		SOLE		149,100	0	298,100
GUIDEWIRE SOFTWARE INC	COM	40171V100	65	646	SH		DFND		0	0	646
HAMILTON LANE INC	CL A	407497106	142	2,508	SH		DFND		0	0	2,508
HANOVER INS GROUP INC	COM	410867105	523	4,079	SH		DFND		0	0	523
HARRIS CORP DEL	COM	413875105	271	1,439	SH		DFND		0	0	1,439
HARTFORD FINL SVCS GROUP INC	COM	416515104	281	5,066	SH		DFND		0	0	5,066
HAVERTY FURNITURE INC	COM	419596101	702	41,241	SH		DFND		0	0	702
HCA HEALTHCARE INC	COM	40412C101	714	5,288	SH		DFND		0	0	2,016
HEIDRICK & STRUGGLES INTL IN	COM	422819102	616	20,546	SH		DFND		0	0	616
HELEN OF TROY CORP LTD	COM	G4388N106	559	4,283	SH		DFND		0	0	559
HERON THERAPEUTICS INC	COM	427746102	8	423	SH		DFND		0	0	423
HERSHEY CO	COM	427866108	710	5,296	SH		DFND		0	0	710
HFF INC	CL A	40418F108	601	13,222	SH		DFND		0	0	601
HILL ROM HLDGS INC	COM	431475102	699	6,683	SH		DFND		0	0	699
HILLENBRAND INC	COM	431571108	495	12,515	SH		DFND		0	0	495
HILTON WORLDWIDE HLDGS INC	COM	43300A203	535	5,476	SH		DFND		0	0	535
HNI CORP	COM	404251100	467	13,213	SH		DFND		0	0	467
HOLLYFRONTIER CORP	COM	436106108	495	10,701	SH		DFND		0	0	495
HONEYWELL INTL INC	COM	438516106	364	2,086	SH		DFND		0	0	364
HOSPITALITY PPTYS TR	COM SH BEN INT	44106M102	848	33,903	SH		DFND		0	0	848
HOUGHTON MIFFLIN HARCOURT CO	COM	44157R109	40	6,920	SH		DFND		0	0	6,920
HUBBELL INC	COM	443510607	493	3,783	SH		DFND		0	0	493
HUNTINGTON BANCSHARES INC	COM	446150104	475	34,405	SH		DFND		0	0	475
HYATT HOTELS CORP	COM CL A	448579102	379	4,995	SH		DFND		0	0	4,995
IDACORP INC	COM	451107106	681	6,777	SH		DFND		0	0	681
IDEX CORP	COM	45167R104	459	2,667	SH		DFND		0	0	459
IHS MARKIT LTD	SHS	G47567105	427	6,739	SH		DFND		0	0	6,739
ILLINOIS TOOL WKS INC	COM	452308109	560	3,718	SH		DFND		0	0	1,592
INDEPENDENT BANK CORP MASS	COM	453836108	352	4,628	SH		DFND		0	0	352
INGERSOLL-RAND PLC	SHS	G47791101	564	4,460	SH		DFND		0	0	2,188
INGREDION INC	COM	457187102	625	7,576	SH		DFND		0	0	625
INNOVIVA INC	COM	45781M101	338	23,181	SH		DFND		0	0	338
INSIGHT ENTERPRISES INC	COM	45765U103	954	16,394	SH		DFND		0	0	954
INTEL CORP	COM	458140100	270	5,656	SH		DFND		0	0	5,656
INTER PARFUMS INC	COM	458334109	827	12,433	SH		DFND		0	0	827
INTERNATIONAL BANCSHARES COR	COM	459044103	280	7,419	SH		DFND		0	0	280
INTERNATIONAL BUSINESS MACHS	COM	459200101	662	4,800	SH		DFND		0	0	662
INTERPUBLIC GROUP COS INC	COM	460690100	520	23,041	SH		DFND		0	0	520
INTL PAPER CO	COM	460146103	492	11,378	SH		DFND		0	0	3,108
INVESCO MORTGAGE CAPITAL INC	COM	46131B100	746	46,273	SH		DFND		0	0	746
INVESCO QQQ TR	UNIT SER 1	46090E103	5,350	28,650	SH		DFND		0	0	28,650
IRON MTN INC NEW	COM	46284V101	366	11,703	SH		DFND		0	0	366
ISHARES INC	MSCI BRAZIL ETF	464286400	23,191	530,455	SH		DFND		0	0	499,088
ISHARES INC	MSCI JPN ETF NEW	46434G822	99,091	1,815,521	SH		SOLE		1,815,521	0	0
ISHARES INC	MSCI JPN ETF NEW	46434G822	9,803	179,605	SH		DFND		0	0	179,605
ISHARES INC	MSCI TAIWAN ETF	46434G772	2,080	59,500	SH		DFND		0	0	59,500
ISHARES INC	MSCI PAC JP ETF	464286665	373	7,900	SH		DFND		0	0	7,900
ISHARES INC	MSCI CDA ETF	464286509	3,366	117,600	SH		DFND		0	0	117,600
ISHARES INC	CORE MSCI EMKT	46434G103	2,459	47,800	SH		DFND		0	0	47,800
ISHARES INC	MSCI GERMANY ETF	464286806	529	18,852	SH		DFND		0	0	18,852
ISHARES INC	MSCI EURZONE ETF	464286608	1,917	48,455	SH		DFND		0	0	48,455
ISHARES INC	MSCI SPAIN ETF	464286764	188	6,500	SH		DFND		0	0	6,500
ISHARES TR	CHINA LG-CAP ETF	464287184	19,607	458,422	SH		DFND		0	0	409,996
ISHARES TR	LATN AMER 40 ETF	464287390	385	11,400	SH		DFND		0	0	11,400
ISHARES TR	MSCI EMG MKT ETF	464287234	49,290	1,148,685	SH		DFND		0	0	1,016,642
ISHARES TR	RUSSELL 2000 ETF	464287655	5,226	33,609	SH		DFND		0	0	33,609
ISHARES TR	MSCI ACWI ETF	464288257	1,600	21,700	SH		DFND		0	0	21,700
ISHARES TR	MSCI EURO FL ETF	464289180	80	4,400	SH		DFND		0	0	4,400
ISHARES TR	MSCI CHINA ETF	46429B671	309	5,200	SH		DFND		0	0	5,200
ISHARES TR	JPMORGAN USD EMG	464288281	1,699	15,000	SH		DFND		0	0	15,000
ISHARES TR	IBOXX HI YD ETF	464288513	3,923	45,000	SH		DFND		0	0	45,000
ISHARES TR	IBOXX INV CP ETF	464287242	9	75	SH		SOLE		75	0	0
ISHARES TR	S&P 500 VAL ETF	464287408	3,439	29,500	SH		DFND		0	0	29,500
ISHARES TR	INTRM TR CRP ETF	464288638	1,277	22,424	SH		SOLE		22,424	0	0
ISHARES TR	SHORT TREAS BD	464288679	2,468	22,303	SH		SOLE		22,303	0	0
ISHARES TR	10-20 YR TRS ETF	464288653	49,840	348,236	SH		SOLE		348,236	0	0
ISHARES TR	US TREAS BD ETF	46429B267	38,775	1,502,038	SH		SOLE		1,502,038	0	0
ITAU UNIBANCO HLDG SA	SPON ADR REP PFD	465562106	94,152	9,994,929	SH		SOLE		4,067,186	0	5,927,743
ITT INC	COM	45073V108	381	5,826	SH		DFND		0	0	381
J2 GLOBAL INC	COM	48123V102	736	8,283	SH		DFND		0	0	736
JANUS HENDERSON GROUP PLC	ORD SHS	G4474Y214	514	24,009	SH		DFND		0	0	514
JOHNSON & JOHNSON	COM	478160104	902	6,475	SH		DFND		0	0	902
JOUNCE THERAPEUTICS INC	COM	481116101	2	380	SH		DFND		0	0	380
KALA PHARMACEUTICALS INC	COM	483119103	6	869	SH		DFND		0	0	869
KAMAN CORP	COM	483548103	502	7,880	SH		DFND		0	0	502
KANSAS CITY SOUTHERN	COM NEW	485170302	354	2,909	SH		DFND		0	0	354
KARYOPHARM THERAPEUTICS INC	COM	48576U106	9	1,438	SH		DFND		0	0	1,438
KELLY SVCS INC	CL A	488152208	423	16,168	SH		DFND		0	0	423
KEMPER CORP DEL	COM	488401100	351	4,072	SH		DFND		0	0	351
KEYCORP NEW	COM	493267108	282	15,865	SH		DFND		0	0	282
KINDER MORGAN INC DEL	COM	49456B101	373	17,864	SH		DFND		0	0	373
KLA-TENCOR CORP	COM	482480100	498	4,217	SH		DFND		0	0	1,187
KOHLS CORP	COM	500255104	574	12,082	SH		DFND		0	0	574
KRAFT HEINZ CO	COM	500754106	172	5,592	SH		SOLE		5,592	0	0
KULICKE & SOFFA INDS INC	COM	501242101	383	16,982	SH		DFND		0	0	383
LA Z BOY INC	COM	505336107	356	11,611	SH		DFND		0	0	356
LAM RESEARCH CORP	COM	512807108	481	2,562	SH		DFND		0	0	481
LAMAR ADVERTISING CO NEW	CL A	512816109	614	7,606	SH		DFND		0	0	614
LAMB WESTON HLDGS INC	COM	513272104	551	8,700	SH		DFND		0	0	551
LANCASTER COLONY CORP	COM	513847103	801	5,390	SH		DFND		0	0	801
LANDSTAR SYS INC	COM	515098101	697	6,458	SH		DFND		0	0	697
LEIDOS HLDGS INC	COM	525327102	679	8,509	SH		DFND		0	0	679
LIBERTY MEDIA CORP DELAWARE	COM SER C FRMLA	531229854	106	2,837	SH		DFND		0	0	2,837
LILLY ELI & CO	COM	532457108	557	5,026	SH		DFND		0	0	557
LINCOLN ELEC HLDGS INC	COM	533900106	384	4,663	SH		DFND		0	0	384
LINDE PLC	COM	G5494J103	250	1,251	SH		DFND		0	0	1,251
LINX S A	SPONSORED ADS	53619W101	10,944	1,200,000	SH		DFND		0	0	1,200,000
LITHIA MTRS INC	CL A	536797103	518	4,359	SH		DFND		0	0	518
LIVENT CORP	COM	53814L108	17	2,432	SH		DFND		0	0	2,432
LKQ CORP	COM	501889208	455	17,091	SH		DFND		0	0	455
LOCKHEED MARTIN CORP	COM	539830109	503	1,390	SH		DFND		0	0	1,390
LOMA NEGRA CORP	SPONSORED ADS	54150E104	8,500	726,453	SH		SOLE		243,281	0	483,172
LOMA NEGRA CORP	SPONSORED ADS	54150E104	376	32,131	SH		DFND		0	0	32,131
LOWES COS INC	COM	548661107	1,253	12,434	SH		DFND		0	0	4,185
LTC PPTYS INC	COM	502175102	592	12,960	SH		DFND		0	0	592
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	381	4,418	SH		DFND		0	0	381
M & T BK CORP	COM	55261F104	370	2,175	SH		DFND		0	0	370
MADDEN STEVEN LTD	COM	556269108	488	14,367	SH		DFND		0	0	488
MANPOWERGROUP INC	COM	56418H100	431	4,462	SH		DFND		0	0	431
MANTECH INTL CORP	CL A	564563104	289	4,388	SH		DFND		0	0	289
MARATHON PETE CORP	COM	56585A102	911	16,315	SH		DFND		0	0	4,689
MARCUS & MILLICHAP INC	COM	566324109	275	8,903	SH		DFND		0	0	275
MARCUS CORP	COM	566330106	620	18,809	SH		DFND		0	0	620
MARSH & MCLENNAN COS INC	COM	571748102	288	2,904	SH		DFND		0	0	2,904
MARVELL TECHNOLOGY GROUP LTD	ORD	G5876H105	303	12,757	SH		DFND		0	0	12,757
MASCO CORP	COM	574599106	456	11,623	SH		DFND		0	0	456
MASTERCARD INCORPORATED	CL A	57636Q104	983	3,715	SH		DFND		0	0	983
MATERION CORP	COM	576690101	349	5,142	SH		DFND		0	0	349
MAXIM INTEGRATED PRODS INC	COM	57772K101	332	5,548	SH		DFND		0	0	332
MAXIMUS INC	COM	577933104	648	8,935	SH		DFND		0	0	648
MCDONALDS CORP	COM	580135101	803	3,886	SH		DFND		0	0	3,886
MEDIFAST INC	COM	58470H101	293	2,287	SH		DFND		0	0	293
MEDPACE HLDGS INC	COM	58506Q109	322	4,923	SH		DFND		0	0	322
MEDTRONIC PLC	SHS	G5960L103	639	6,565	SH		DFND		0	0	639
MERCADOLIBRE INC	COM	58733R102	5,934	9,700	SH		SOLE		3,300	0	6,400
MERCADOLIBRE INC	COM	58733R102	3,605	5,893	SH		DFND		0	0	5,893
MERCER INTL INC	COM	588056101	305	19,706	SH		DFND		0	0	305
MERCK & CO INC	COM	58933Y105	830	9,897	SH		DFND		0	0	830
MERIDIAN BIOSCIENCE INC	COM	589584101	556	46,829	SH		DFND		0	0	556
METLIFE INC	COM	59156R108	76	1,534	SH		DFND		0	0	1,534
MGIC INVT CORP WIS	COM	552848103	74	5,678	SH		DFND		0	0	5,678
MICRON TECHNOLOGY INC	COM	595112103	178	4,642	SH		DFND		0	0	4,642
MICROSOFT CORP	COM	594918104	1,776	13,316	SH		DFND		0	0	13,316
MID AMER APT CMNTYS INC	COM	59522J103	576	4,895	SH		DFND		0	0	576
MILLER HERMAN INC	COM	600544100	624	13,964	SH		DFND		0	0	624
MKS INSTRUMENT INC	COM	55306N104	299	3,838	SH		DFND		0	0	299
MONDELEZ INTL INC	CL A	609207105	722	13,418	SH		DFND		0	0	5,932
MONOLITHIC PWR SYS INC	COM	609839105	264	1,941	SH		DFND		0	0	264
MONOTYPE IMAGING HOLDINGS IN	COM	61022P100	584	34,707	SH		DFND		0	0	584
MORGAN STANLEY	COM NEW	617446448	299	6,833	SH		DFND		0	0	299
MOTOROLA SOLUTIONS INC	COM NEW	620076307	498	2,984	SH		DFND		0	0	498
MOVADO GROUP INC	COM	624580106	416	15,397	SH		DFND		0	0	416
MSA SAFETY INC	COM	553498106	300	2,850	SH		DFND		0	0	300
MSC INDL DIRECT INC	CL A	553530106	663	8,933	SH		DFND		0	0	663
MTS SYS CORP	COM	553777103	388	6,626	SH		DFND		0	0	388
MYLAN N V	SHS EURO	N59465109	39	2,060	SH		DFND		0	0	2,060
MYOKARDIA INC	COM	62857M105	29	585	SH		DFND		0	0	585
MYOVANT SCIENCES LTD	COM	G637AM102	11	1,220	SH		DFND		0	0	1,220
NANOMETRICS INC	COM	630077105	515	14,846	SH		DFND		0	0	515
NASDAQ INC	COM	631103108	522	5,423	SH		DFND		0	0	522
NATIONAL GRID PLC	SPONSORED ADR NE	636274409	55	1,034	SH		DFND		0	0	1,034
NATIONAL INSTRS CORP	COM	636518102	458	10,911	SH		DFND		0	0	458
NBT BANCORP INC	COM	628778102	398	10,612	SH		DFND		0	0	398
NEENAH INC	COM	640079109	440	6,507	SH		DFND		0	0	440
NEKTAR THERAPEUTICS	COM	640268108	62	1,750	SH		DFND		0	0	1,750
NEON THERAPEUTICS INC	COM	64050Y100	2	335	SH		DFND		0	0	335
NETAPP INC	COM	64110D104	441	7,150	SH		DFND		0	0	441
NETFLIX INC	COM	64110L106	1,216	3,318	SH		DFND		0	0	2,438
NEW MEDIA INVT GROUP INC	COM	64704V106	310	32,788	SH		DFND		0	0	310
NEW YORK MTG TR INC	COM PAR $.02	649604501	857	138,174	SH		DFND		0	0	857
NEW YORK TIMES CO	CL A	650111107	38	1,171	SH		DFND		0	0	1,171
NIC INC	COM	62914B100	391	24,353	SH		DFND		0	0	391
NIKE INC	CL B	654106103	2,193	26,132	SH		DFND		0	0	5,209
NORDSON CORP	COM	655663102	310	2,197	SH		DFND		0	0	310
NORFOLK SOUTHERN CORP	COM	655844108	582	2,925	SH		DFND		0	0	1,632
NORTHWEST BANCSHARES INC MD	COM	667340103	506	28,710	SH		DFND		0	0	506
NORTHWESTERN CORP	COM NEW	668074305	1,233	17,088	SH		DFND		0	0	1,233
NRG ENERGY INC	COM NEW	629377508	236	6,757	SH		DFND		0	0	6,757
NU SKIN ENTERPRISES INC	CL A	67018T105	338	6,862	SH		DFND		0	0	338
NUCOR CORP	COM	670346105	501	9,093	SH		DFND		0	0	501
NUVASIVE INC	COM	670704105	202	3,467	SH		DFND		0	0	3,467
NVENT ELECTRIC PLC	SHS	G6700G107	378	15,267	SH		DFND		0	0	2,887
NVIDIA CORP	COM	67066G104	316	1,935	SH		DFND		0	0	2,814
NVR INC	COM	62944T105	603	179	SH		DFND		0	0	603
OCCIDENTAL PETE CORP DEL	COM	674599105	605	12,039	SH		DFND		0	0	605
ODONATE THERAPEUTICS INC	COM	676079106	25	671	SH		DFND		0	0	671
OFG BANCORP	COM	67103X102	386	16,235	SH		DFND		0	0	386
OGE ENERGY CORP	COM	670837103	1,027	24,120	SH		DFND		0	0	1,027
OLD REP INTL CORP	COM	680223104	564	25,188	SH		DFND		0	0	564
OLLIES BARGAIN OUTLT HLDGS I	COM	681116109	841	9,651	SH		DFND		0	0	841
OMEGA HEALTHCARE INVS INC	COM	681936100	534	14,536	SH		DFND		0	0	534
ONEMAIN HLDGS INC	COM	68268W103	121	3,585	SH		DFND		0	0	3,585
ORACLE CORP	COM	68389X105	441	7,734	SH		DFND		0	0	441
ORITANI FINL CORP DEL	COM	68633D103	743	41,879	SH		DFND		0	0	743
ORTHOFIX MED INC	COM	68752M108	403	7,619	SH		DFND		0	0	403
OSHKOSH CORP	COM	688239201	430	5,155	SH		DFND		0	0	430
PACKAGING CORP AMER	COM	695156109	272	2,852	SH		DFND		0	0	272
PAGSEGURO DIGITAL LTD	COM CL A	G68707101	7,887	202,389	SH		DFND		0	0	7,887
PAMPA ENERGIA S A	SPONS ADR LVL I	697660207	17,043	491,583	SH		SOLE		163,895	0	327,688
PAR PACIFIC HOLDINGS INC	COM NEW	69888T207	545	26,551	SH		DFND		0	0	545
PARKER HANNIFIN CORP	COM	701094104	501	2,946	SH		DFND		0	0	501
PARSONS CORPORATION	COM	70202L102	5,156	139,890	SH		DFND		0	0	139,890
PATRICK INDS INC	COM	703343103	423	8,598	SH		DFND		0	0	423
PAYPAL HLDGS INC	COM	70450Y103	1,228	10,739	SH		DFND		0	0	3,381
PENNYMAC MTG INVT TR	COM	70931T103	759	34,759	SH		DFND		0	0	759
PEPSICO INC	COM	713448108	579	4,418	SH		DFND		0	0	579
PERFICIENT INC	COM	71375U101	550	16,040	SH		DFND		0	0	550
PETMED EXPRESS INC	COM	716382106	446	28,437	SH		DFND		0	0	446
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	46,549	3,278,119	SH		SOLE		1,625,871	0	1,652,248
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	85,502	6,021,291	SH		DFND		0	0	6,021,291
PETROLEO BRASILEIRO SA PETRO	SPONSORED ADR	71654V408	55,239	3,547,809	SH		SOLE		1,315,671	0	2,232,138
PETROLEO BRASILEIRO SA PETRO	SPONSORED ADR	71654V408	14,122	906,987	SH		DFND		0	0	906,987
PFIZER INC	COM	717081103	879	20,326	SH		DFND		0	0	10,700
PG&E CORP	COM	69331C108	41	1,791	SH		DFND		0	0	1,791
PHASEBIO PHARMACEUTICALS INC	COM	717224109	6	432	SH		DFND		0	0	432
PHILIP MORRIS INTL INC	COM	718172109	415	5,303	SH		DFND		0	0	5,303
PHILLIPS 66	COM	718546104	877	9,381	SH		DFND		0	0	877
PINNACLE WEST CAP CORP	COM	723484101	1,109	11,785	SH		DFND		0	0	1,109
PIPER JAFFRAY COS	COM	724078100	440	5,930	SH		DFND		0	0	440
PPG INDS INC	COM	693506107	606	5,197	SH		DFND		0	0	2,257
PRIMERICA INC	COM	74164M108	254	2,121	SH		DFND		0	0	254
PRINCIPAL FINL GROUP INC	COM	74251V102	262	4,524	SH		DFND		0	0	262
PROCTER AND GAMBLE CO	COM	742718109	1,447	13,230	SH		DFND		0	0	7,795
PROGRESS SOFTWARE CORP	COM	743312100	319	7,304	SH		DFND		0	0	319
PROGRESSIVE CORP OHIO	COM	743315103	154	1,938	SH		DFND		0	0	1,938
PROPETRO HLDG CORP	COM	74347M108	291	14,070	SH		DFND		0	0	291
PROVIDENT FINL SVCS INC	COM	74386T105	806	33,227	SH		DFND		0	0	806
PRUDENTIAL FINL INC	COM	744320102	413	4,093	SH		DFND		0	0	1,517
PULTE GROUP INC	COM	745867101	706	22,327	SH		DFND		0	0	706
PVH CORP	COM	693656100	351	3,705	SH		DFND		0	0	351
QUAKER CHEM CORP	COM	747316107	333	1,641	SH		DFND		0	0	333
QUEST DIAGNOSTICS INC	COM	74834L100	589	5,789	SH		DFND		0	0	589
RA PHARMACEUTICALS INC	COM	74933V108	32	1,073	SH		DFND		0	0	1,073
RADIUS HEALTH INC	COM NEW	750469207	15	612	SH		DFND		0	0	612
RALPH LAUREN CORP	CL A	751212101	419	3,687	SH		DFND		0	0	419
RAYMOND JAMES FINANCIAL INC	COM	754730109	547	6,474	SH		DFND		0	0	1,933
RAYTHEON CO	COM NEW	755111507	281	1,622	SH		DFND		0	0	1,622
RE MAX HLDGS INC	CL A	75524W108	340	11,051	SH		DFND		0	0	340
REDWOOD TR INC	COM	758075402	838	50,677	SH		DFND		0	0	838
REGAL BELOIT CORP	COM	758750103	557	6,818	SH		DFND		0	0	557
REGIONS FINL CORP NEW	COM	7591EP100	304	20,345	SH		DFND		0	0	304
RELIANCE STEEL & ALUMINUM CO	COM	759509102	687	7,265	SH		DFND		0	0	687
RENEWABLE ENERGY GROUP INC	COM NEW	75972A301	593	37,365	SH		DFND		0	0	593
REPUBLIC SVCS INC	COM	760759100	395	4,555	SH		DFND		0	0	395
RESOURCES CONNECTION INC	COM	76122Q105	295	18,428	SH		DFND		0	0	295
RETAIL OPPORTUNITY INVTS COR	COM	76131N101	544	31,738	SH		DFND		0	0	544
REVANCE THERAPEUTICS INC	COM	761330109	20	1,563	SH		DFND		0	0	1,563
REX AMERICAN RESOURCES CORP	COM	761624105	623	8,549	SH		DFND		0	0	623
REXNORD CORP NEW	COM	76169B102	14	468	SH		DFND		0	0	468
RIGEL PHARMACEUTICALS INC	COM NEW	766559603	5	1,894	SH		DFND		0	0	1,894
ROBERT HALF INTL INC	COM	770323103	560	9,824	SH		DFND		0	0	560
ROCKWELL AUTOMATION INC	COM	773903109	427	2,604	SH		DFND		0	0	427
ROPER TECHNOLOGIES INC	COM	776696106	492	1,343	SH		DFND		0	0	492
ROSS STORES INC	COM	778296103	1,359	13,710	SH		DFND		0	0	1,359
ROYAL GOLD INC	COM	780287108	734	7,158	SH		DFND		0	0	734
RPM INTL INC	COM	749685103	492	8,049	SH		DFND		0	0	492
RUTHS HOSPITALITY GROUP INC	COM	783332109	892	39,272	SH		DFND		0	0	892
SAFETY INS GROUP INC	COM	78648T100	820	8,617	SH		DFND		0	0	820
SALESFORCE COM INC	COM	79466L302	270	1,786	SH		DFND		0	0	1,786
SANFILIPPO JOHN B & SON INC	COM	800422107	620	7,778	SH		DFND		0	0	620
SCANSOURCE INC	COM	806037107	538	16,508	SH		DFND		0	0	538
SCHLUMBERGER LTD	COM	806857108	246	6,214	SH		DFND		0	0	6,214
SCHWAB CHARLES CORP NEW	COM	808513105	312	7,755	SH		DFND		0	0	312
SCIPLAY CORP	CL A	809087109	51	3,729	SH		DFND		0	0	3,729
SEATTLE GENETICS INC	COM	812578102	61	890	SH		DFND		0	0	890
SELECT SECTOR SPDR TR	ENERGY	81369Y506	83	1,300	SH		DFND		0	0	1,300
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	4,429	160,500	SH		DFND		0	0	160,500
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	1,639	21,000	SH		DFND		0	0	21,000
SELECTIVE INS GROUP INC	COM	816300107	349	4,658	SH		DFND		0	0	349
SEMTECH CORP	COM	816850101	279	5,797	SH		DFND		0	0	279
SERVICENOW INC	COM	81762P102	87	318	SH		DFND		0	0	318
SHOE CARNIVAL INC	COM	824889109	700	25,368	SH		DFND		0	0	700
SIMON PPTY GROUP INC NEW	COM	828806109	801	5,016	SH		DFND		0	0	801
SIMPSON MANUFACTURING CO INC	COM	829073105	759	11,417	SH		DFND		0	0	759
SMITH A O	COM	831865209	506	10,727	SH		DFND		0	0	506
SNAP ON INC	COM	833034101	475	2,869	SH		DFND		0	0	475
SOCIEDAD QUIMICA MINERA DE C	SPON ADR SER B	833635105	8,007	257,388	SH		SOLE		82,345	0	175,043
SONOCO PRODS CO	COM	835495102	699	10,705	SH		DFND		0	0	699
SOUTHERN COPPER CORP	COM	84265V105	22,087	568,526	SH		SOLE		189,779	0	378,747
SOUTHERN COPPER CORP	COM	84265V105	10	246	SH		DFND		0	0	246
SOUTHWEST AIRLS CO	COM	844741108	384	7,555	SH		DFND		0	0	384
SPARTANNASH CO	COM	847215100	310	26,604	SH		DFND		0	0	310
SPDR GOLD TRUST	GOLD SHS	78463V107	1,652	12,400	SH		DFND		0	0	12,400
SPDR INDEX SHS FDS	EURO STOXX 50	78463X202	5,483	143,170	SH		DFND		0	0	143,170
SPDR INDEX SHS FDS	PORTFOLIO EMG MK	78463X509	1,324	37,000	SH		DFND		0	0	37,000
SPDR S&P 500 ETF TR	TR UNIT	78462F103	162,299	553,923	SH		SOLE		553,923	0	0
SPDR SERIES TRUST	S&P OILGAS EXP	78464A730	2,177	79,899	SH		DFND		0	0	79,899
SPLUNK INC	COM	848637104	49	388	SH		DFND		0	0	388
SPOTIFY TECHNOLOGY S A	SHS	L8681T102	1,596	10,915	SH		DFND		0	0	1,844
SS&C TECHNOLOGIES HLDGS INC	COM	78467J100	446	7,775	SH		DFND		0	0	7,775
STANDARD MTR PRODS INC	COM	853666105	538	11,864	SH		DFND		0	0	538
STARBUCKS CORP	COM	855244109	892	10,643	SH		DFND		0	0	892
STERIS PLC	SHS USD	G8473T100	562	3,777	SH		DFND		0	0	562
STRYKER CORP	COM	863667101	577	2,805	SH		DFND		0	0	577
SUPERIOR INDS INTL INC	COM	868168105	135	39,030	SH		DFND		0	0	135
SVB FINL GROUP	COM	78486Q101	162	724	SH		DFND		0	0	724
SVMK INC	COM	78489X103	87	5,266	SH		DFND		0	0	5,266
SYNCHRONY FINL	COM	87165B103	482	13,898	SH		DFND		0	0	482
SYNDAX PHARMACEUTICALS INC	COM	87164F105	13	1,423	SH		DFND		0	0	1,423
SYSCO CORP	COM	871829107	521	7,362	SH		DFND		0	0	521
TAKE-TWO INTERACTIVE SOFTWAR	COM	874054109	593	5,221	SH		DFND		0	0	593
TAPESTRY INC	COM	876030107	373	11,752	SH		DFND		0	0	373
TC ENERGY CORP	COM	87807B107	313	6,347	SH		DFND		0	0	6,347
TCF FINL CORP	COM	872275102	330	15,892	SH		DFND		0	0	330
TD AMERITRADE HLDG CORP	COM	87236Y108	476	9,571	SH		DFND		0	0	9,571
TECH DATA CORP	COM	878237106	419	4,005	SH		DFND		0	0	419
TECNOGLASS INC	SHS	G87264100	236	36,400	SH		DFND		0	0	36,400
TEGNA INC	COM	87901J105	326	21,495	SH		DFND		0	0	326
TELEDYNE TECHNOLOGIES INC	COM	879360105	333	1,215	SH		DFND		0	0	333
TELEFONICA BRASIL SA	SPONSORED ADR	87936R106	2,607	200,241	SH		DFND		0	0	200,241
TELEPHONE & DATA SYS INC	COM NEW	879433829	508	16,725	SH		DFND		0	0	508
TERADYNE INC	COM	880770102	353	7,379	SH		DFND		0	0	1,473
TEVA PHARMACEUTICAL INDS LTD	SPONSORED ADR	881624209	105	11,405	SH		DFND		0	0	11,405
TEXAS INSTRS INC	COM	882508104	674	5,886	SH		DFND		0	0	2,478
THERMO FISHER SCIENTIFIC INC	COM	883556102	522	1,784	SH		DFND		0	0	1,784
TIM PARTICIPACOES S A	SPONSORED ADR	88706P205	11,632	777,023	SH		SOLE		296,858	0	480,165
TIM PARTICIPACOES S A	SPONSORED ADR	88706P205	687	45,916	SH		DFND		0	0	45,916
TIMKEN CO	COM	887389104	441	8,587	SH		DFND		0	0	441
TJX COS INC NEW	COM	872540109	926	17,539	SH		DFND		0	0	6,647
TORCHMARK CORP	COM	891027104	353	3,942	SH		DFND		0	0	353
TORO CO	COM	891092108	626	9,357	SH		DFND		0	0	626
TRANSUNION	COM	89400J107	66	905	SH		DFND		0	0	905
TRAVELERS COMPANIES INC	COM	89417E109	347	2,319	SH		DFND		0	0	347
TRICIDA INC	COM	89610F101	29	740	SH		DFND		0	0	740
TRINET GROUP INC	COM	896288107	99	1,468	SH		DFND		0	0	1,468
TRITON INTL LTD	CL A	G9078F107	52	1,595	SH		DFND		0	0	1,595
TRUPANION INC	COM	898202106	87	2,406	SH		DFND		0	0	2,406
TRUSTCO BK CORP N Y	COM	898349105	457	57,719	SH		DFND		0	0	457
TRUSTMARK CORP	COM	898402102	378	11,366	SH		DFND		0	0	378
TWITTER INC	COM	90184L102	61	1,792	SH		DFND		0	0	12,471
TYSON FOODS INC	CL A	902494103	403	4,996	SH		DFND		0	0	403
U S PHYSICAL THERAPY INC	COM	90337L108	722	5,893	SH		DFND		0	0	722
UGI CORP NEW	COM	902681105	115	2,162	SH		DFND		0	0	2,162
UNION PAC CORP	COM	907818108	386	2,285	SH		DFND		0	0	386
UNITED CMNTY BKS BLAIRSVLE G	COM	90984P303	320	11,196	SH		DFND		0	0	320
UNITEDHEALTH GROUP INC	COM	91324P102	394	1,624	SH		DFND		0	0	1,624
UNIVERSAL FST PRODS INC	COM	913543104	454	11,934	SH		DFND		0	0	454
UNIVERSAL HLTH SVCS INC	CL B	913903100	725	5,557	SH		DFND		0	0	725
URBAN OUTFITTERS INC	COM	917047102	390	17,164	SH		DFND		0	0	390
URSTADT BIDDLE PPTYS INC	CL A	917286205	426	20,305	SH		DFND		0	0	426
US BANCORP DEL	COM NEW	902973304	640	12,216	SH		DFND		0	0	640
V F CORP	COM	918204108	352	4,035	SH		DFND		0	0	352
VALE S A	ADR	91912E105	63,062	4,692,120	SH		SOLE		2,396,105	0	2,296,015
VALERO ENERGY CORP NEW	COM	91913Y100	1,075	12,559	SH		DFND		0	0	1,075
VANECK VECTORS ETF TR	RUSSIA ETF	92189F403	4,275	180,900	SH		DFND		0	0	180,900
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	70,817	263,862	SH		DFND		0	0	263,862
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	131	2,378	SH		SOLE		2,378	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	2,094	38,148	SH		DFND		0	0	38,148
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	2,450	32,600	SH		DFND		0	0	32,600
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	1,129	26,550	SH		DFND		0	0	26,550
VARIAN MED SYS INC	COM	92220P105	413	3,032	SH		DFND		0	0	413
VERISIGN INC	COM	92343E102	439	2,101	SH		DFND		0	0	439
VERIZON COMMUNICATIONS INC	COM	92343V104	1,856	32,548	SH		DFND		0	0	14,685
VERTEX PHARMACEUTICALS INC	COM	92532F100	60	327	SH		DFND		0	0	327
VISA INC	COM CL A	92826C839	633	3,662	SH		DFND		0	0	3,662
VOYA FINL INC	COM	929089100	149	2,715	SH		DFND		0	0	2,715
VULCAN MATLS CO	COM	929160109	36	262	SH		DFND		0	0	262
WADDELL & REED FINL INC	CL A	930059100	389	23,313	SH		DFND		0	0	389
WASTE MGMT INC DEL	COM	94106L109	672	5,833	SH		DFND		0	0	2,575
WATSCO INC	COM	942622200	348	2,128	SH		DFND		0	0	348
WATTS WATER TECHNOLOGIES INC	CL A	942749102	372	3,993	SH		DFND		0	0	372
WAVE LIFE SCIENCES LTD	SHS	Y95308105	13	487	SH		DFND		0	0	487
WD-40 CO	COM	929236107	638	4,013	SH		DFND		0	0	638
WEINGARTEN RLTY INVS	SH BEN INT	948741103	408	14,887	SH		DFND		0	0	408
WELLS FARGO CO NEW	COM	949746101	410	8,657	SH		DFND		0	0	410
WENDYS CO	COM	95058W100	415	21,186	SH		DFND		0	0	415
WEST PHARMACEUTICAL SVSC INC	COM	955306105	451	3,603	SH		DFND		0	0	451
WESTAMERICA BANCORPORATION	COM	957090103	322	5,234	SH		DFND		0	0	322
WESTERN DIGITAL CORP	COM	958102105	176	3,721	SH		DFND		0	0	3,721
WEX INC	COM	96208T104	137	660	SH		DFND		0	0	660
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	14,717	302,203	SH		DFND		0	0	302,203
WORKDAY INC	CL A	98138H101	156	761	SH		DFND		0	0	761
WORLD WRESTLING ENTMT INC	CL A	98156Q108	294	4,073	SH		DFND		0	0	294
XCEL ENERGY INC	COM	98389B100	699	11,754	SH		DFND		0	0	699
XEROX CORP	COM NEW	984121608	415	11,728	SH		DFND		0	0	415
XILINX INC	COM	983919101	100	854	SH		DFND		0	0	854
XPERI CORP	COM	98421B100	282	13,700	SH		DFND		0	0	282
ZOETIS INC	CL A	98978V103	557	4,905	SH		DFND		0	0	557