| 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 | COM | 78462F103 | 83,604 | 409,058 | SH | | DFND | | 0 | 0 | 83,604 |
| VANGUARD EUROPEAN STOCK INDEX FUND ETF | COM | 922042874 | 46,641 | 930,696 | SH | | DFND | | 0 | 0 | 46,641 |
| GUGGENHEIM ETF TRUST S&P 500 EQUAL WEIGHTED INDEX FUND | COM | 78355W106 | 29,865 | 394,644 | SH | | DFND | | 0 | 0 | 29,865 |
| VANGUARD INDEX FUNDS REIT ETF | COM | 922908553 | 27,541 | 345,404 | SH | | DFND | | 0 | 0 | 27,541 |
| JPMORGAN EXCHANGE TRADE NOTE 09 - 24.05.2024 / ALERIAN MLP | COM | 46625H365 | 12,789 | 441,305 | SH | | DFND | | 0 | 0 | 12,789 |
| ISHARES SELECT DIVIDEND ETF | COM | 464287168 | 15,520 | 208,642 | SH | | DFND | | 0 | 0 | 15,520 |
| ISHARES MSCI JAPAN ETF | COM | 464286848 | 14,746 | 1,207,679 | SH | | DFND | | 0 | 0 | 14,746 |
| ISHARES INC MSCI EMMA ETF | COM | 464287234 | 12,627 | 390,278 | SH | | DFND | | 0 | 0 | 12,627 |
| ISHARES MSCI PACIFIC EX-JAPAN ETF | COM | 464286665 | 10,118 | 264,279 | SH | | DFND | | 0 | 0 | 10,118 |
| SPDR DJ INDUSTRIAL AVERAGE ETF TRUST | COM | 78467X109 | 8,132 | 46,599 | SH | | DFND | | 0 | 0 | 8,132 |
| ISHARES EUROPE ETF | COM | 464287861 | 9,358 | 233,309 | SH | | DFND | | 0 | 0 | 9,358 |
| VANGUARD INDEX FUNDS EMMA ETF | COM | 922042858 | 7,737 | 236,539 | SH | | DFND | | 0 | 0 | 7,737 |
| ISHARES MSCI CANADA ETF | COM | 464286509 | 3,377 | 156,133 | SH | | DFND | | 0 | 0 | 3,377 |
| ISHARES CORE S&P MID-CAP ETF | COM | 464287507 | 2,573 | 18,523 | SH | | DFND | | 0 | 0 | 2,573 |
| ISHARES INTERMEDIATE CREDIT BOND ETF | COM | 464288638 | 6,270 | 54,294 | SH | | DFND | | 0 | 0 | 6,270 |
| VANGUARD GLOBAL EX US REAL ESTATE INDEX FUND ETF | COM | 922042676 | 5,832 | 115,399 | SH | | DFND | | 0 | 0 | 5,832 |
| POWERSHARES ETF FUND TRUST II SENIOR LOAN PF ETF | COM | 73936Q769 | 3,971 | 177,299 | SH | | DFND | | 0 | 0 | 3,971 |
| ISHARES RUSSELL 2000 ETF | COM | 464287655 | 919 | 8,165 | SH | | DFND | | 0 | 0 | 919 |
| ISHARES IBOXX USD HIGH YIELD CORPORATE BOND ETF | COM | 464288513 | 2,141 | 25,004 | SH | | DFND | | 0 | 0 | 2,141 |
| SOCIEDAD QUIMICA Y MINERA CHILE SA SOQUIMICH S-ADR -B- | COM | 833635105 | 1,492 | 78,498 | SH | | DFND | | 0 | 0 | 1,492 |
| SPDR INDEX SHARES FUNDS EMMA ASIA PAC ETF | COM | 78463X301 | 2,261 | 30,767 | SH | | DFND | | 0 | 0 | 2,261 |
| ISHARES TIPS BOND ETF | COM | 464287176 | 1,508 | 11,239 | SH | | DFND | | 0 | 0 | 1,508 |
| BANK OF AMERICA CORP | COM | 60505104 | 889 | 52,850 | SH | | DFND | | 0 | 0 | 889 |
| JPMORGAN CHASE & CO | COM | 46625H100 | 667 | 10,095 | SH | | DFND | | 0 | 0 | 667 |
| ISHARES MSCI POLAND INVESTABLE MARKET ETF | COM | 46429B606 | 322 | 18,285 | SH | | DFND | | 0 | 0 | 322 |
| ISHARES MSCI EAFE ETF | COM | 464287465 | 486 | 8,265 | SH | | DFND | | 0 | 0 | 486 |
| ISHARES INC MSCI SINGAPORE FREE ETF | COM | 464286673 | 467 | 45,457 | SH | | DFND | | 0 | 0 | 467 |
| MARKET VECTORS VIETNAM ETF | COM | 57060U761 | 370 | 25,006 | SH | | DFND | | 0 | 0 | 370 |
| UBS ETRACS 11 - 24.05.2041 / 2X WELLS FARGO | COM | 90267B765 | 211 | 13,281 | SH | | DFND | | 0 | 0 | 211 |
| UBS AG JERSEY 10 - 02.04.2040 ALERIAN MLP INFRASTRUCTURE IDX | COM | 902641646 | 389 | 14,850 | SH | | DFND | | 0 | 0 | 389 |
| WEYERHAEUSER CO | COM | 962166104 | 370 | 12,605 | SH | | DFND | | 0 | 0 | 370 |
| MARKET VECTORTRUST S ETF TRUST RUSSIA ETF | COM | 57060U506 | 243 | 17,019 | SH | | DFND | | 0 | 0 | 243 |
| PLUM CREEK TIMBER COMPANY INC REIT | COM | 729251108 | 396 | 8,480 | SH | | DFND | | 0 | 0 | 396 |
| ISHARES 1 - 3 YR CREDIT BOND ETF | COM | 464288646 | 287 | 2,741 | SH | | DFND | | 0 | 0 | 287 |
| ISHARES MSCI INDIA ETF | COM | 46429B598 | 316 | 11,501 | SH | | DFND | | 0 | 0 | 316 |
| DOUBLELINE TOTAL RETURN BOND FUND -I- | COM | 258620103 | 250 | 23,205 | SH | | DFND | | 0 | 0 | 250 |
| VANGUARD HIGH DIVIDEND YIELD INDEX FUND ETF | COM | 921946406 | 267 | 4,000 | SH | | DFND | | 0 | 0 | 267 |
| POTLATCH CORP | COM | 737630103 | 283 | 9,560 | SH | | DFND | | 0 | 0 | 283 |
| JPMORGAN TRUST I SELECT SHS MULTI-SECTOR INCOME FUND | COM | 48121A290 | 246 | 25,514 | SH | | DFND | | 0 | 0 | 246 |
| JP MORGAN TRUST I SELECT STRATEGIE INCOME OPP FUND | COM | 4812A4351 | 242 | 21,835 | SH | | DFND | | 0 | 0 | 242 |
| ISHARES MSCI THAILAND CAPPED ETF | COM | 464286624 | 235 | 4,014 | SH | | DFND | | 0 | 0 | 235 |
| ISHARES 3-7 YEAR TREASURY BOND ETF | COM | 464288661 | 208 | 211 | SH | | DFND | | 0 | 0 | 208 |
| APPLE INC | COM | 037833100 | 197 | 1,869 | SH | | DFND | | 0 | 0 | 197 |
| COMPANIA DE MINAS BUENAVENTURA SA BUENA | COM | 204448104 | 140 | 32,821 | SH | | DFND | | 0 | 0 | 140 |
| BERKSHIRE HATHAWAY INC -A- | COM | 084670108 | 198 | 1 | SH | | DFND | | 0 | 0 | 198 |
| RAYONIER INC REIT | COM | 754907103 | 200 | 9,215 | SH | | DFND | | 0 | 0 | 200 |
| FINANCIAL SELECT SECTOR SPDR FUND ETF | COM | 81369Y605 | 239 | 10,023 | SH | | DFND | | 0 | 0 | 239 |
| SPDR INDEX SHARES FUNDS EMMA MIDDLE EAST & AFRICA ETF | COM | 78463X806 | 107 | 2,143 | SH | | DFND | | 0 | 0 | 107 |
| ALPHABET INC -A- | COM | 02079K305 | 145 | 187 | SH | | DFND | | 0 | 0 | 145 |
| BLACKSTONE GROUP LP | COM | 09253U108 | 1,650 | 58,275 | SH | | DFND | | 0 | 0 | 1,650 |
| SPDR INDEX SHARES FUNDS EURO STOXX 50 ETF | COM | 78463X202 | 132 | 3,830 | SH | | DFND | | 0 | 0 | 132 |
