Stelac Advisory Services 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

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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
SPDR S&P 500 ETF TRUST S1	COM	78462F103	42,750	226,149	SH		DFND		0	0	42,750
VANGUARD INDEX FUNDS EUROPEAN ETF	COM	922042874	41,283	713,365	SH		DFND		0	0	41,283
JPMORGAN EXCHANGE TRADE NOTE 09 - 24.05.2024 / ALERIAN MLP	COM	46625H365	26,286	523,253	SH		DFND		0	0	26,286
GUGGENHEIM ETF TRUST S&P 500 EQUAL WEIGHTED INDEX FUND	COM	78355W106	20,807	283,843	SH		DFND		0	0	20,807
VANGUARD INDEX FUNDS REIT ETF	COM	922908553	18,582	259,366	SH		DFND		0	0	18,582
ISHARES SELECT DIVIDEND ETF	COM	464287168	15,523	210,112	SH		DFND		0	0	15,523
SPDR DJ INDUSTRIAL AVERAGE ETF TRUST	COM	78467X109	14,756	94,092	SH		DFND		0	0	14,756
ISHARES INC MSCI EMMA ETF	COM	464287234	12,702	305,408	SH		DFND		0	0	12,702
ISHARES MSCI JAPAN ETF	COM	464286848	12,608	1,073,931	SH		DFND		0	0	12,608
ISHARES MSCI PACIFIC EX-JAPAN ETF	COM	464286665	10,857	228,717	SH		DFND		0	0	10,857
ISHARES S&P EUROPE 350 ETF	COM	464287861	9,887	203,572	SH		DFND		0	0	9,887
VANGUARD INDEX FUNDS EMMA ETF	COM	922042858	7,913	183,473	SH		DFND		0	0	7,913
ISHARES INTERMEDIATE CREDIT BOND ETF	COM	464288638	7,583	68,821	SH		DFND		0	0	7,583
ISHARES MSCI CANADA ETF	COM	464286509	5,771	179,172	SH		DFND		0	0	5,771
ISHARES RUSSELL 2000 ETF	COM	464287655	4,718	42,501	SH		DFND		0	0	4,718
POWERSHARES ETF FUND TRUST II SENIOR LOAN PORTFOLIO	COM	73936Q769	3,506	140,983	SH		DFND		0	0	3,506
SPDR INDEX SHARES FUNDS EMMA ASIA PAC ETF	COM	78463X301	2,359	28,521	SH		DFND		0	0	2,359
ISHARES DOW JONES US REAL ESTATE ETF	COM	464287739	1,299	18,095	SH		DFND		0	0	1,299
ISHARES TRUST IBOXX USD HIGH YIELD CORPORATE BOND ETF	COM	464288513	1,099	11,550	SH		DFND		0	0	1,099
ISHARES MSCI POLAND INVESTABLE MARKET ETF	COM	46429B606	827	29,745	SH		DFND		0	0	827
BANK OF AMERICA CORP	COM	60505104	812	52,850	SH		DFND		0	0	812
MARKET VECTORS ETF TRUST BENEF INTEREST RUSSIA ETF	COM	57060U506	659	26,596	SH		DFND		0	0	659
ISHARES MSCI EAFE ETF	COM	464287465	630	9,215	SH		DFND		0	0	630
APPLE INC	COM	37833100	616	6,629	SH		DFND		0	0	616
WEYERHAEUSER CO	COM	962166104	572	18,205	SH		DFND		0	0	572
POTLATCH CORP	COM	737630103	534	13,592	SH		DFND		0	0	534
PLUM CREEK TIMBER COMPANY INC REIT	COM	729251108	522	12,195	SH		DFND		0	0	522
RAYONIER INC REIT	COM	754907103	407	12,126	SH		DFND		0	0	407
SPDR INDEX SHARES FUNDS EMMA MIDDLE EAST & AFRICA ETF	COM	78463X806	157	2,143	SH		DFND		0	0	157
SELECT SECTOR SPDR TRUST - TECHNOLOGY ETF	COM	81369Y803	157	4,081	SH		DFND		0	0	157
RAYONIER ADVANCED MATERIALS INC	COM	75508B104	148	4,041	SH		DFND		0	0	148
ISHARES MSCI TURKEY ETF	COM	464286715	142	2,555	SH		DFND		0	0	142
ISHARES TIPS BOND ETF	COM	464287176	132	1,140	SH		DFND		0	0	132
UBS ETRACS 11 - 24.05.2041 / 2X WELLS FARGO	COM	90267B765	102	3,565	SH		DFND		0	0	102