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	96,216	365,245	SH		DFND		0	0	96,216
VANGUARD EUROPEAN STOCK INDEX FUND ETF	COM	922042874	51,147	879,568	SH		DFND		0	0	51,147
ISHARES SELECT DIVIDEND ETF	COM	464287168	17,590	184,926	SH		DFND		0	0	17,590
VANGUARD REIT INDEX FUND ETF	COM	922908553	16,275	215,646	SH		DFND		0	0	16,275
ISHARES MSCI JAPAN ETF	COM	46434G822	15,306	252,227	SH		DFND		0	0	15,306
ISHARES INTERMEDIATE CREDIT BOND ETF	COM	464288638	14,115	131,621	SH		DFND		0	0	14,115
ISHARES INC MSCI EMMA ETF	COM	464287234	14,001	290,003	SH		DFND		0	0	14,001
GUGGENHEIM ETF TRUST S&P 500 EQUAL WEIGHTED INDEX FUND	COM	78355W106	13,493	135,631	SH		DFND		0	0	13,493
POWERSHARES ETF FUND TRUST II SENIOR LOAN PF ETF	COM	73936Q769	12,147	525,155	SH		DFND		0	0	12,147
JPMORGAN EXCHANGE TRADE NOTE 09 - 24.05.2024 / ALERIAN MLP	COM	46625H365	10,841	451,698	SH		DFND		0	0	10,841
ISHARES CORE S&P MID-CAP ETF	COM	464287507	5,367	28,613	SH		DFND		0	0	5,367
ISHARES MSCI PACIFIC EX-JAPAN ETF	COM	464286665	5,121	110,219	SH		DFND		0	0	5,121
ISHARES EUROPE ETF	COM	464287861	4,331	92,882	SH		DFND		0	0	4,331
ISHARES 1 - 3 YR CREDIT BOND ETF	COM	464288646	4,304	41,467	SH		DFND		0	0	4,304
VANGUARD GLOBAL EX US REAL ESTATE INDEX FUND ETF	COM	922042676	4,248	69,730	SH		DFND		0	0	4,248
PROCTER & GAMBLE CO	COM	742718109	3,713	46,833	SH		DFND		0	0	3,713
SPDR DJ INDUSTRIAL AVERAGE ETF TRUST	COM	78467X109	2,988	12,380	SH		DFND		0	0	2,988
ANHEUSER-BUSCH INBEV SA ADR	COM	03524A108	2,594	23,598	SH		DFND		0	0	2,594
ISHARES TIPS BOND ETF	COM	464287176	2,248	19,888	SH		DFND		0	0	2,248
FINANCIAL SELECT SECTOR SPDR FUND ETF	COM	81369Y605	1,740	63,080	SH		DFND		0	0	1,740
APPLE INC	COM	037833100	1,740	10,369	SH		DFND		0	0	1,740
ISHARES RUSSELL 2000 ETF	COM	464287655	1,480	9,745	SH		DFND		0	0	1,480
ISHARES CORE S&P SMALL CAP ETF	COM	464287804	1,362	17,689	SH		DFND		0	0	1,362
ISHARES CORE MSCI EMMA ETF	COM	46434G103	1,194	20,446	SH		DFND		0	0	1,194
ISHARES IBOXX USD HIGH YIELD CORPORATE BOND ETF	COM	464288513	1,124	13,122	SH		DFND		0	0	1,124
BLACKSTONE GROUP LP	COM	09253U108	1,025	32,048	SH		DFND		0	0	1,025
AMAZON COM INC	COM	023135106	989	683	SH		DFND		0	0	989
ALPHABET INC -A-	COM	02079K305	971	936	SH		DFND		0	0	971
POWERSHARES QQQ TRUST ETF -I-	COM	73935A104	959	5,992	SH		DFND		0	0	959
UBS ETRACS 11 - 24.05.2041 / 2X WELLS FARGO	COM	90267B765	717	48,722	SH		DFND		0	0	717
WEYERHAEUSER CO	COM	962166104	668	19,092	SH		DFND		0	0	668
ISHARES MSCI INDIA ETF	COM	46429B598	668	19,574	SH		DFND		0	0	668
GENERAL ELECTRIC CO	COM	369604103	654	48,500	SH		DFND		0	0	654
VANGUARD FTSE EMERGING MARKETS ETF	COM	922042858	600	12,778	SH		DFND		0	0	600
ISHARES MSCI GERMANY ETF	COM	464286806	561	17,514	SH		DFND		0	0	561
FACEBOOK INC	COM	30303M102	550	3,441	SH		DFND		0	0	550
ISHARES MSCI EAFE ETF	COM	464287465	517	7,415	SH		DFND		0	0	517
KINDER MORGAN INC	COM	49456B101	499	33,144	SH		DFND		0	0	499
CHESAPEAKE ENERGY CORP	COM	165167107	498	165,000	SH		DFND		0	0	498
MICROSOFT CORP	COM	594918104	478	5,240	SH		DFND		0	0	478
WISDOMTREE JAPAN HEDGED EQUITY FUND ETF	COM	97717W851	454	8,099	SH		DFND		0	0	454
JOHNSON & JOHNSON	COM	478160104	450	3,511	SH		DFND		0	0	450
VANGUARD 500 IDX FUND ETF	COM	922908363	438	1,808	SH		DFND		0	0	438
POTLATCH CORP	COM	737630103	431	8,281	SH		DFND		0	0	431
NETFLIX INC	COM	64110L106	411	1,393	SH		DFND		0	0	411
POWERSHARES ETF TRUST II	COM	73937B597	411	16,332	SH		DFND		0	0	411
HOME DEPOT INC	COM	437076102	403	2,260	SH		DFND		0	0	403
VANECK VECTORS VIETNAM ETF	COM	92189F817	390	19,946	SH		DFND		0	0	390
COCA-COLA CO	COM	191216100	388	8,942	SH		DFND		0	0	388
RAYONIER INC REIT	COM	754907103	388	11,022	SH		DFND		0	0	388
ISHARES MSCI THAILAND CAPPED ETF	COM	464286624	347	3,478	SH		DFND		0	0	347
CONSUMER STAPLES SELECT SECTOR SPDR FUND	COM	81369Y308	342	6,500	SH		DFND		0	0	342
COLGATE-PALMOLIVE CO	COM	194162103	337	4,700	SH		DFND		0	0	337
VALE S A ADR	COM	91912E105	308	24,250	SH		DFND		0	0	308
FREEPORT-MCMORAN INC	COM	35671D857	299	17,000	SH		DFND		0	0	299
HEALTH CARE SELECT SECTOR SPDR FUND	COM	81369Y209	285	3,500	SH		DFND		0	0	285
ISHARES MSCI SINGAPORE ETF	COM	46434G780	283	10,625	SH		DFND		0	0	283
CME GROUP INC -A-	COM	12572Q105	267	1,652	SH		DFND		0	0	267
ISHARES GLOBAL HEALTHCARE ETF	COM	464287325	267	2,396	SH		DFND		0	0	267
BERKSHIRE HATHAWAY INC -B-	COM	084670702	257	1,290	SH		DFND		0	0	257
EXXON MOBIL CORP	COM	30231G102	241	3,229	SH		DFND		0	0	241
PFIZER INC	COM	717081103	240	6,759	SH		DFND		0	0	240
GLADSTONE LAND CORP	COM	376549101	237	19,593	SH		DFND		0	0	237
ISHARES 3-7 YEAR TREASURY BOND ETF	COM	464288661	231	1,919	SH		DFND		0	0	231
FARMLAND PARTNERS INC	COM	31154R109	230	27,590	SH		DFND		0	0	230
PEPSICO INC	COM	713448108	229	2,097	SH		DFND		0	0	229
CHEVRON CORP	COM	166764100	225	1,970	SH		DFND		0	0	225
UBS ETRACS 11 - 26.04.2041 / WELLS FARGO BUSINESS DEVEL IDX	COM	902641588	222	11,240	SH		DFND		0	0	222
MERCK & CO INC	COM	58933Y105	221	4,057	SH		DFND		0	0	221
UBS AG JERSEY 10 - 02.04.2040 ALERIAN MLP INFRASTRUCTURE IDX	COM	902641646	216	10,210	SH		DFND		0	0	216
PHILIP MORRIS INTL INC	COM	718172109	199	2,000	SH		DFND		0	0	199
HONEYWELL INTL INC	COM	438516106	196	1,354	SH		DFND		0	0	196
VANECK VECTORS RUSSIA ETF	COM	92189F403	195	8,590	SH		DFND		0	0	195
THE ST JOE COMPANY	COM	790148100	189	10,006	SH		DFND		0	0	189
WELLS FARGO & CO	COM	949746101	188	3,581	SH		DFND		0	0	188
INTEL CORP	COM	458140100	187	3,590	SH		DFND		0	0	187
ARES CAPITAL CORP	COM	04010L103	184	11,616	SH		DFND		0	0	184
KLA-TENCOR CORP	COM	482480100	182	1,665	SH		DFND		0	0	182
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR	COM	874039100	176	4,015	SH		DFND		0	0	176
BIOGEN IDEC INC	COM	09062X103	164	600	SH		DFND		0	0	164
TEJON RANCH CO	COM	879080109	163	7,059	SH		DFND		0	0	163
UNITEDHEALTH GROUP INC	COM	91324P102	163	760	SH		DFND		0	0	163
JPMORGAN CHASE & CO	COM	46625H100	162	1,475	SH		DFND		0	0	162
MCDONALD'S CORP	COM	580135101	160	1,025	SH		DFND		0	0	160
WASTE MANAGEMENT INC	COM	94106L109	160	1,900	SH		DFND		0	0	160
DOWDUPONT INC	COM	26078J100	159	2,493	SH		DFND		0	0	159
VANGUARD FTSE DEVELOPED MARKETS ETF	COM	921943858	155	3,500	SH		DFND		0	0	155
KIMBERLY-CLARK CORP	COM	494368103	152	1,378	SH		DFND		0	0	152
NEXTERA ENERGY INC	COM	65339F101	151	927	SH		DFND		0	0	151
CISCO SYSTEMS INC	COM	17275R102	149	3,464	SH		DFND		0	0	149
AUTOMATIC DATA PROCESSING INC	COM	053015103	147	1,294	SH		DFND		0	0	147
MARATHON OIL CORP	COM	565849106	147	9,100	SH		DFND		0	0	147
ALPHABET INC -C-	COM	02079K107	145	141	SH		DFND		0	0	145
PRUDENTIAL FINANCIAL INC	COM	744320102	145	1,396	SH		DFND		0	0	145
CARLYLE GROUP LP	COM	14309L102	142	6,664	SH		DFND		0	0	142
GILEAD SCIENCES INC	COM	375558103	141	1,866	SH		DFND		0	0	141
RAYTHEON CO	COM	755111507	136	631	SH		DFND		0	0	136
VERIZON COMMUNICATIONS INC	COM	92343V104	134	2,804	SH		DFND		0	0	134
ELI LILLY & CO	COM	532457108	134	1,728	SH		DFND		0	0	134
TOTAL SA ADR	COM	89151E109	131	2,276	SH		DFND		0	0	131
HUNTINGTON BANCSHARES INC	COM	446150104	131	8,652	SH		DFND		0	0	131
TAPESTRY INC	COM	876030107	130	2,475	SH		DFND		0	0	130
CATERPILLAR INC	COM	149123101	129	878	SH		DFND		0	0	129
TARGET CORP	COM	87612E106	128	1,847	SH		DFND		0	0	128
THE MOSAIC CO	COM	61945C103	127	5,250	SH		DFND		0	0	127
KKR & CO LP	COM	48248M102	127	6,271	SH		DFND		0	0	127
BANK OF AMERICA CORP	COM	060505104	127	4,228	SH		DFND		0	0	127
SPDR GOLD TRUST ETF	COM	78463V107	126	1,000	SH		DFND		0	0	126
WAL-MART STORES INC	COM	931142103	126	1,411	SH		DFND		0	0	126
3M CO	COM	88579Y101	125	570	SH		DFND		0	0	125
ROYAL DUTCH SHELL PLC S-ADR -B-	COM	780259107	124	1,895	SH		DFND		0	0	124
APOLLO GLOBAL MANAGEMENT LLC -A-	COM	037612306	123	4,150	SH		DFND		0	0	123
EMERSON ELECTRIC CO	COM	291011104	120	1,750	SH		DFND		0	0	120
GENERAL MTRS CO	COM	37045V100	119	3,277	SH		DFND		0	0	119
CITIGROUP INC	COM	172967424	116	1,725	SH		DFND		0	0	116
GLADSTONE INVESTMENT CORP	COM	376546107	115	11,358	SH		DFND		0	0	115
WISDOMTREE EUROPE HEDGED EQUITY FUND H-/USD-ETF	COM	97717X701	113	1,800	SH		DFND		0	0	113
OCCIDENTAL PETROLEUM CORP	COM	674599105	112	1,721	SH		DFND		0	0	112
ARCHER DANIELS MIDLAND COMP	COM	039483102	111	2,563	SH		DFND		0	0	111
TEXAS INSTRUMENTS INC	COM	882508104	110	1,055	SH		DFND		0	0	110
CATCHMARK TIMBER TRUST INC	COM	14912Y202	110	8,784	SH		DFND		0	0	110
VANGUARD MID-CAP ETF	COM	922908629	108	700	SH		DFND		0	0	108
SPDR INDEX SHARES FUNDS EURO STOXX 50 ETF	COM	78463X202	103	2,548	SH		DFND		0	0	103
PNC FINANCIAL SERVICES GROUP INC	COM	693475105	102	677	SH		DFND		0	0	102
GLOBAL X MSCI ARGENTINA ETF	COM	37950E259	101	2,831	SH		DFND		0	0	101