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

OMB APPROVAL

OMB Number:		3235-0006
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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	COM	78462F103	88,193	330,384	SH		DFND		0	0	88,193
VANGUARD EUROPEAN STOCK INDEX FUND ETF	COM	922042874	39,024	659,743	SH		DFND		0	0	39,024
ISHARES SELECT DIVIDEND ETF	COM	464287168	15,601	158,290	SH		DFND		0	0	15,601
VANGUARD REIT INDEX ETF	COM	922908553	12,766	153,846	SH		DFND		0	0	12,766
ISHARES MSCI JAPAN ETF	COM	46434G822	10,026	167,297	SH		DFND		0	0	10,026
JPMORGAN EXCHANGE TRADE NOTE 09 - 24.05.2024 / ALERIAN MLP	COM	46625H365	8,359	304,298	SH		DFND		0	0	8,359
GUGGENHEIM ETF TRUST S&P 500 EQUAL WEIGHTED INDEX FUND	COM	78355W106	7,629	75,514	SH		DFND		0	0	7,629
ISHARES INC MSCI EMMA ETF	COM	464287234	7,384	156,698	SH		DFND		0	0	7,384
POWERSHARES ETF FUND TRUST II SENIOR LOAN PF ETF	COM	73936Q769	6,364	276,233	SH		DFND		0	0	6,364
ISHARES EUROPE ETF	COM	464287861	4,342	91,882	SH		DFND		0	0	4,342
VANGUARD GLOBAL EX US REAL ESTATE INDEX FUND ETF	COM	922042676	4,101	67,782	SH		DFND		0	0	4,101
ISHARES INTERMEDIATE CREDIT BOND ETF	COM	464288638	3,542	32,437	SH		DFND		0	0	3,542
ISHARES CORE S&P MID-CAP ETF	COM	464287507	3,315	17,465	SH		DFND		0	0	3,315
ISHARES MSCI PACIFIC EX-JAPAN ETF	COM	464286665	2,504	52,393	SH		DFND		0	0	2,504
ISHARES MSCI CANADA ETF	COM	464286509	1,823	61,505	SH		DFND		0	0	1,823
FINANCIAL SELECT SECTOR SPDR FUND ETF	COM	81369Y605	1,561	55,861	SH		DFND		0	0	1,561
ISHARES 1 - 3 YR CREDIT BOND ETF	COM	464288646	1,210	11,572	SH		DFND		0	0	1,210
ISHARES RUSSELL 2000 ETF	COM	464287655	1,085	7,112	SH		DFND		0	0	1,085
ISHARES TIPS BOND ETF	COM	464287176	1,024	8,977	SH		DFND		0	0	1,024
UBS ETRACS 11 - 24.05.2041 / 2X WELLS FARGO	COM	90267B765	952	57,954	SH		DFND		0	0	952
POWERSHARES QQQ TRUST ETF -I-	COM	73935A104	933	5,992	SH		DFND		0	0	933
BLACKSTONE GROUP LP	COM	09253U108	890	27,827	SH		DFND		0	0	890
ISHARES CORE S&P SMALL CAP ETF	COM	464287804	737	9,589	SH		DFND		0	0	737
APPLE INC	COM	037833100	722	4,268	SH		DFND		0	0	722
ISHARES CORE MSCI EMMA ETF	COM	46434G103	703	12,355	SH		DFND		0	0	703
ISHARES MSCI INDIA ETF	COM	46429B598	548	15,204	SH		DFND		0	0	548
SPDR DJ INDUSTRIAL AVERAGE ETF TRUST	COM	78467X109	523	2,114	SH		DFND		0	0	523
ISHARES MSCI EAFE ETF	COM	464287465	521	7,415	SH		DFND		0	0	521
KINDER MORGAN INC	COM	49456B101	516	28,558	SH		DFND		0	0	516
WISDOMTREE JAPAN HEDGED EQUITY FUND ETF	COM	97717W851	481	8,099	SH		DFND		0	0	481
WEYERHAEUSER CO	COM	962166104	424	12,021	SH		DFND		0	0	424
CHESAPEAKE ENERGY CORP	COM	165167107	396	100,000	SH		DFND		0	0	396
CONOCOPHILLIPS CO	COM	20825C104	379	6,910	SH		DFND		0	0	379
VANECK VECTORS VIETNAM ETF	COM	92189F817	308	17,217	SH		DFND		0	0	308
POTLATCH CORP	COM	737630103	299	6,001	SH		DFND		0	0	299
ISHARES IBOXX USD HIGH YIELD CORPORATE BOND ETF	COM	464288513	288	3,306	SH		DFND		0	0	288
FACEBOOK INC	COM	30303M102	275	1,560	SH		DFND		0	0	275
GENERAL ELECTRIC CO	COM	369604103	269	15,408	SH		DFND		0	0	269
ISHARES MSCI THAILAND CAPPED ETF	COM	464286624	264	2,857	SH		DFND		0	0	264
MICROSOFT CORP	COM	594918104	264	3,081	SH		DFND		0	0	264
RAYONIER INC REIT	COM	754907103	258	8,159	SH		DFND		0	0	258
THE MOSAIC CO	COM	61945C103	257	10,000	SH		DFND		0	0	257
ISHARES MSCI SINGAPORE ETF	COM	46434G780	243	9,383	SH		DFND		0	0	243
GLADSTONE LAND CORP	COM	376549101	221	16,468	SH		DFND		0	0	221
ALPHABET INC -A-	COM	02079K305	219	208	SH		DFND		0	0	219
ISHARES GLOBAL HEALTHCARE ETF	COM	464287325	215	1,908	SH		DFND		0	0	215
FARMLAND PARTNERS INC	COM	31154R109	208	23,931	SH		DFND		0	0	208
BIOGEN IDEC INC	COM	09062X103	191	600	SH		DFND		0	0	191
UBS AG JERSEY 10 - 02.04.2040 ALERIAN MLP INFRASTRUCTURE IDX	COM	902641646	179	7,390	SH		DFND		0	0	179
VANECK VECTORS RUSSIA ETF	COM	92189F403	178	8,370	SH		DFND		0	0	178
CRESUD SA COMERCIAL INDUSTRIAL FIN Y AGROPECUARIA S-ADR	COM	226406106	174	7,872	SH		DFND		0	0	174
CARLYLE GROUP LP	COM	14309L102	153	6,664	SH		DFND		0	0	153
THE ST JOE COMPANY	COM	790148100	141	7,801	SH		DFND		0	0	141
APOLLO GLOBAL MANAGEMENT LLC -A-	COM	037612306	139	4,150	SH		DFND		0	0	139
KKR & CO LP	COM	48248M102	132	6,271	SH		DFND		0	0	132
BANK OF AMERICA CORP	COM	060505104	131	4,431	SH		DFND		0	0	131
ROYAL DUTCH SHELL PLC S-ADR -B-	COM	780259107	129	1,895	SH		DFND		0	0	129
WISDOMTREE EUROPE HEDGED EQUITY FUND H-/USD-ETF	COM	97717X701	115	1,800	SH		DFND		0	0	115
AMAZON.COM INC	COM	023135106	112	96	SH		DFND		0	0	112
TEJON RANCH CO	COM	879080109	111	5,364	SH		DFND		0	0	111
VERIZON COMMUNICATIONS INC	COM	92343V104	111	2,089	SH		DFND		0	0	111
WELLS FARGO & CO	COM	949746101	109	1,797	SH		DFND		0	0	109
JOHNSON & JOHNSON	COM	478160104	108	772	SH		DFND		0	0	108
BERKSHIRE HATHAWAY INC -B-	COM	084670702	107	540	SH		DFND		0	0	107
PFIZER INC	COM	717081103	104	2,874	SH		DFND		0	0	104
MERCK & CO INC	COM	58933Y105	103	1,836	SH		DFND		0	0	103
TRAVELERS COMPANIES INC	COM	89417E109	101	745	SH		DFND		0	0	101
OAKTREE CAPITAL GOUP LLC -A-	COM	674001201	101	2,395	SH		DFND		0	0	101