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	66,277	322,260	SH		DFND		0	0	0
VANGUARD INDEX FUNDS EUROPEAN ETF	COM	922042874	48,140	891,479	SH		DFND		0	0	0
GUGGENHEIM ETF TRUST S&P 500 EQUAL WEIGHTED INDEX FUND	COM	78355W106	35,170	437,099	SH		DFND		0	0	0
VANGUARD INDEX FUNDS REIT ETF	COM	922908553	33,654	402,050	SH		DFND		0	0	0
JPMORGAN EXCHANGE TRADE NOTE 09 - 24.05.2024 / ALERIAN MLP	COM	46625H365	32,482	764,212	SH		DFND		0	0	0
ISHARES SELECT DIVIDEND ETF	COM	464287168	22,295	287,878	SH		DFND		0	0	0
ISHARES INC MSCI EMMA ETF	COM	464287234	18,087	454,235	SH		DFND		0	0	0
ISHARES MSCI JAPAN ETF	COM	464286848	16,979	1,362,170	SH		DFND		0	0	0
ISHARES MSCI PACIFIC EX-JAPAN ETF	COM	464286665	12,287	272,919	SH		DFND		0	0	0
SPDR DJ INDUSTRIAL AVERAGE ETF TRUST	COM	78467X109	12,053	69,180	SH		DFND		0	0	0
ISHARES S&P EUROPE 350 ETF	COM	464287861	10,226	230,992	SH		DFND		0	0	0
ISHARES MSCI CANADA ETF	COM	464286509	8,966	332,761	SH		DFND		0	0	0
VANGUARD INDEX FUNDS EMMA ETF	COM	922042858	8,228	201,314	SH		DFND		0	0	0
ISHARES INTERMEDIATE CREDIT BOND ETF	COM	464288638	7,183	64,907	SH		DFND		0	0	0
ISHARES CORE S&P MID-CAP ETF	COM	464287507	5,171	34,482	SH		DFND		0	0	0
POWERSHARES ETF FUND TRUST II SENIOR LOAN PORTFOLIO	COM	73936Q769	4,469	185,475	SH		DFND		0	0	0
ISHARES RUSSELL 2000 ETF	COM	464287655	3,978	32,384	SH		DFND		0	0	0
SOCIEDAD QUIMICA Y MINERA CHILE SA SOQUIMICH-ADR-B	COM	833635105	2,865	157,000	SH		DFND		0	0	0
SPDR INDEX SHARES FUNDS EMMA ASIA PAC ETF	COM	78463X301	2,708	30,767	SH		DFND		0	0	0
ISHARES TRUST IBOXX USD HIGH YIELD CORPORATE BOND ETF	COM	464288513	2,494	27,552	SH		DFND		0	0	0
ISHARES 1 - 3 YR CREDIT BOND FUND ETF	COM	464288646	2,460	23,309	SH		DFND		0	0	0
ISHARES TIPS BOND ETF	COM	464287176	1,247	10,963	SH		DFND		0	0	0
BANK OF AMERICA CORP	COM	60505104	813	52,850	SH		DFND		0	0	0
ISHARES MSCI POLAND INVESTABLE MARKET ETF	COM	46429B606	558	24,272	SH		DFND		0	0	0
ISHARES INC MSCI SINGAPORE FREE ETF	COM	464286673	525	40,998	SH		DFND		0	0	0
UBS ETRACS 11 - 24.05.2041 / 2X WELLS FARGO	COM	90267B765	512	23,020	SH		DFND		0	0	0
ISHARES MSCI EAFE ETF	COM	464287465	476	7,415	SH		DFND		0	0	0
WEYERHAEUSER CO	COM	962166104	377	11,600	SH		DFND		0	0	0
MARKET VECTORS VIETNAM ETF	COM	57060U761	355	21,026	SH		DFND		0	0	0
POTLATCH CORP	COM	737630103	339	8,645	SH		DFND		0	0	0
MARKET VECTORS ETF TRUST BENEF INTEREST RUSSIA ETF	COM	57060U506	336	20,173	SH		DFND		0	0	0
PLUM CREEK TIMBER COMPANY INC REIT	COM	729251108	330	7,765	SH		DFND		0	0	0
ISHARES MSCI THAILAND CAPPED ETF	COM	464286624	256	3,222	SH		DFND		0	0	0
APPLE INC	COM	037833100	233	1,869	SH		DFND		0	0	0
ISHARES 3 - 7 YEAR TREASURY BOND FUND ETF	COM	464288661	225	1,827	SH		DFND		0	0	0
ISHARES MSCI INDIA	COM	46429B598	214	6,677	SH		DFND		0	0	0
RAYONIER INC REIT	COM	754907103	209	7,925	SH		DFND		0	0	0
SPDR INDEX SHARES FUNDS EMMA MIDDLE EAST & AFRICA ETF	COM	78463X806	147	2,143	SH		DFND		0	0	0
UBS 2XMONTHLY LEV LONG ETA 09.07.2040 /ALERIAN MLP	COM	902664200	124	2,443	SH		DFND		0	0	0
ISHARES MSCI TURKEY ETF	COM	464286715	119	2,555	SH		DFND		0	0	0
COMPANIA DE MINAS BUENAVENTURA SA	COM	204448104	113	11,161	SH		DFND		0	0	0