The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it 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 |
| ADECOAGRO SA | COM | 058467146 | 5,086 | 676,331 | SH | DFND | 1 | 0 | 676,331 | 0 | |
| ALBEMARLE CORP | COM | 012653101 | 9,413 | 101,503 | SH | DFND | 1 | 0 | 101,503 | 0 | |
| AMBEV SA | COM | 02319V103 | 72,660 | 9,994,481 | SH | DFND | 1 | 0 | 9,994,481 | 0 | |
| AZUL SA | COM | 05501U106 | 27,314 | 786,006 | SH | DFND | 1 | 0 | 786,006 | 0 | |
| BANCO MACRO SA | COM | 05961W105 | 17 | 159 | SH | DFND | 1 | 0 | 159 | 0 | |
| BANCO SANTANDER BRASIL SA | COM | 05967A107 | 24,028 | 1,998,970 | SH | DFND | 1 | 0 | 1,998,970 | 0 | |
| BANCO SANTANDER MEXICO SA | COM | 05969B103 | 183 | 25,500 | SH | DFND | 1 | 0 | 25,500 | 0 | |
| BRF BRASIL FOODS SA | COM | 10552T107 | 5,098 | 736,744 | SH | DFND | 1 | 0 | 736,744 | 0 | |
| CEMEX SAB DE CV | COM | 151290889 | 42,174 | 6,370,758 | SH | DFND | 1 | 0 | 6,370,758 | 0 | |
| CENTRAL PUERTO SA | COM | 155038201 | 10,603 | 623,700 | SH | DFND | 1 | 0 | 623,700 | 0 | |
| COCA COLA FEMSA SAB DE CV | COM | 191241108 | 1,692 | 25,465 | SH | DFND | 1 | 0 | 25,465 | 0 | |
| COPA HOLDINGS SA | COM | 310761054 | 17,135 | 133,209 | SH | DFND | 1 | 0 | 133,209 | 0 | |
| CORPORACION AMERICA AIRPORTS SA | COM | L1995B107 | 2,143 | 173,644 | SH | DFND | 1 | 0 | 173,644 | 0 | |
| CREDICORP LTD | COM | 2519Y1084 | 568 | 2,500 | SH | DFND | 1 | 0 | 2,500 | 0 | |
| DB HARVEST CSI 300 CHINA A | ETF | 233051879 | 4 | 141 | SH | DFND | 1 | 0 | 141 | 0 | |
| FIBRIA CELULOSE SA | COM | 31573A109 | 26,585 | 1,363,340 | SH | DFND | 1 | 0 | 1,363,340 | 0 | |
| FINANCIAL SELECT SECTOR SPDR | ETF | 81369Y605 | 38,672 | 1,402,691 | SH | DFND | 1 | 0 | 1,402,691 | 0 | |
| FOMENTO ECONOMICO MEXICANO SAB DE CV | COM | 344419106 | 15,692 | 171,626 | SH | DFND | 1 | 0 | 171,626 | 0 | |
| GERDAU SA | COM | 373737105 | 13,124 | 2,816,412 | SH | DFND | 1 | 0 | 2,816,412 | 0 | |
| GRUPO FINANCIERO GALICIA SA | COM | 399909100 | 68,614 | 1,043,400 | SH | DFND | 1 | 0 | 1,043,400 | 0 | |
| GRUPO SUPERVIELLE SA | COM | 40054A108 | 19,300 | 636,132 | SH | DFND | 1 | 0 | 636,132 | 0 | |
| ISHARES CORE S&P 500 ETF | ETF | 464287200 | 32,155 | 121,172 | SH | DFND | 1 | 0 | 121,172 | 0 | |
| ISHARES FTSEXINHUA CHINA 25 | ETF | 464287184 | 4,868 | 103,055 | SH | DFND | 1 | 0 | 103,055 | 0 | |
| ISHARES INC ISHARES CORE MSCI EMERGING MARKETS ETF | ETF | 46434G103 | 67,577 | 1,157,135 | SH | DFND | 1 | 0 | 1,157,135 | 0 | |
| ISHARES INC ISHARES MSCI CHILE CAPPED ETF | ETF | 464286640 | 47 | 878 | SH | DFND | 1 | 0 | 878 | 0 | |
| ISHARES INC ISHARES MSCI EUROZONE ETF | ETF | 464286608 | 161,700 | 3,730,103 | SH | DFND | 1 | 0 | 3,730,103 | 0 | |
| ISHARES INC ISHARES MSCI MEXICO CAPPED ETF | ETF | 464286822 | 17,451 | 338,726 | SH | DFND | 1 | 0 | 338,726 | 0 | |
| ISHARES INC ISHARES MSCI SOUTH KOREA CAPPED ETF | ETF | 464286772 | 111,369 | 1,476,063 | SH | DFND | 1 | 0 | 1,476,063 | 0 | |
| ISHARES INC ISHARES MSCI SPAIN CAPPED ETF | ETF | 464286764 | 3,511 | 108,000 | SH | DFND | 1 | 0 | 108,000 | 0 | |
| ISHARES INC. - ISHARES MSCI JAPAN ETF | ETF | 46434G822 | 73,715 | 1,214,823 | SH | DFND | 1 | 0 | 1,214,823 | 0 | |
| ISHARES INC. - ISHARES MSCI TAIWAN CAPPED ETF | ETF | 46434G772 | 39,952 | 1,042,036 | SH | DFND | 1 | 0 | 1,042,036 | 0 | |
| ISHARES MSCI GERMANY | ETF | 464286806 | 38,326 | 1,196,180 | SH | DFND | 1 | 0 | 1,196,180 | 0 | |
| ISHARES MSCI HONG KONG INDEX | ETF | 464286871 | 162,443 | 6,418,116 | SH | DFND | 1 | 0 | 6,418,116 | 0 | |
| ISHARES TRUST - ISHARES CORE S&P SMALL-CAP ETF | ETF | 464287804 | 103,520 | 1,344,240 | SH | DFND | 1 | 0 | 1,344,240 | 0 | |
| ISHARES TRUST - ISHARES MSCI USA QUALITY FACTOR ETF | ETF | 46432F339 | 47 | 568 | SH | DFND | 1 | 0 | 568 | 0 | |
| ISHARES TRUST ISHARES CORE HIGH DIVIDEND ETF | ETF | 46429B663 | 1,140 | 13,500 | SH | DFND | 1 | 0 | 13,500 | 0 | |
| ISHARES TRUST ISHARES LATIN AMERICA 40 ETF | ETF | 464287390 | 113,620 | 3,024,229 | SH | DFND | 1 | 0 | 3,024,229 | 0 | |
| ISHARES TRUST ISHARES MSCI EAFE SMALL CAP ETF | ETF | 46429B671 | 501 | 7,309 | SH | DFND | 1 | 0 | 7,309 | 0 | |
| ISHARES TRUST ISHARES MSCI EUROPE FINANCIALS ETF | ETF | 464289180 | 66,798 | 2,891,709 | SH | DFND | 1 | 0 | 2,891,709 | 0 | |
| ISHARES TRUST ISHARES MSCI UNITED KINGDOM ETF | ETF | 46435G334 | 1,128 | 32,458 | SH | DFND | 1 | 0 | 32,458 | 0 | |
| ISHARES TRUST ISHARES RUSSELL 2000 ETF | ETF | 464287655 | 17,048 | 112,282 | SH | DFND | 1 | 0 | 112,282 | 0 | |
| ISHARES TRUST ISHARES S&P 100 ETF | ETF | 464287101 | 12,573 | 108,400 | SH | DFND | 1 | 0 | 108,400 | 0 | |
| ISHARES, INC ISHARES MSCI BRAZIL INDEX FUND | ETF | 464286400 | 825,911 | 18,402,660 | SH | DFND | 1 | 0 | 18,402,660 | 0 | |
| ISHARES, INC ISHARES MSCI EMERGING MARKETS INDEX | ETF | 464287234 | 6,972 | 144,400 | SH | DFND | 1 | 0 | 144,400 | 0 | |
| ITAU UNIBANCO HOLDING SA | COM | 465562106 | 74,404 | 4,769,456 | SH | DFND | 1 | 0 | 4,769,456 | 0 | |
| LATAM AIRLINES GROUP SA | COM | 51817R106 | 40,726 | 2,646,277 | SH | DFND | 1 | 0 | 2,646,277 | 0 | |
| LOMA NEGRA CIA IND | COM | 54150E104 | 4,297 | 201,548 | SH | DFND | 1 | 0 | 201,548 | 0 | |
| PAGSEGURO DIGITAL LTD | COM | G68707101 | 9,652 | 251,880 | SH | DFND | 1 | 0 | 251,880 | 0 | |
| PAMPA ENERGIA SA | COM | 697660207 | 37,899 | 635,888 | SH | DFND | 1 | 0 | 635,888 | 0 | |
| SELECT SECTOR SPDR FUND- TECHNOLOGY | ETF | 81369Y803 | 16,296 | 249,101 | SH | DFND | 1 | 0 | 249,101 | 0 | |
| SPDR S&P 500 ETF TRUST | ETF | 78462F103 | 98,170 | 373,056 | SH | DFND | 1 | 0 | 373,056 | 0 | |
| SPDR S&P CHINA ETF | ETF | 78463X400 | 16 | 141 | SH | DFND | 1 | 0 | 141 | 0 | |
| THE SELECT SECTOR SPDR TRUST THE CONSUMER STAPLES | ETF | 81369Y308 | 1,289 | 24,487 | SH | DFND | 1 | 0 | 24,487 | 0 | |
| THE SELECT SECTOR SPDR TRUST THE ENERGY SELECT | ETF | 81369Y506 | 13,576 | 201,391 | SH | DFND | 1 | 0 | 201,391 | 0 | |
| THE SELECT SECTOR SPDR TRUST THE HEALTH CARE SELECT | ETF | 81369Y209 | 2,291 | 28,147 | SH | DFND | 1 | 0 | 28,147 | 0 | |
| THE SELECT SECTOR SPDR TRUST THE INDUSTRIAL SELECT | ETF | 81369Y704 | 1 | 10 | SH | DFND | 1 | 0 | 10 | 0 | |
| THE SELECT SECTOR SPDR TRUST THE UTILITIES SELECT | ETF | 81369Y886 | 71 | 1,396 | SH | DFND | 1 | 0 | 1,396 | 0 | |
| VANECK VECTORS ETF TRUST - VANECK VECTORS GOLD | ETF | 92189F106 | 86 | 3,906 | SH | DFND | 1 | 0 | 3,906 | 0 | |
| VANGUARD EMERGING MARKET | ETF | 922042858 | 6,327 | 134,670 | SH | DFND | 1 | 0 | 134,670 | 0 | |
| VANGUARD INDEX FUNDS VANGUARD LARGE CAP ETF | ETF | 922908637 | 2,303 | 19,000 | SH | DFND | 1 | 0 | 19,000 | 0 | |
| VANGUARD INDEX FUNDS VANGUARD SMALL CAP ETF | ETF | 922908751 | 4,888 | 33,269 | SH | DFND | 1 | 0 | 33,269 | 0 | |
| VANGUARD INDEX FUNDS VANGUARD TOTAL STOCK MARKET | ETF | 922908769 | 44,126 | 325,124 | SH | DFND | 1 | 0 | 325,124 | 0 | |
| VANGUARD INDEX FUNDS VANGUARD VALUE ETF | ETF | 922908744 | 256,155 | 2,482,604 | SH | DFND | 1 | 0 | 2,482,604 | 0 | |
| VANGUARD S&P 500 ETF | ETF | 922908363 | 41,162 | 170,036 | SH | DFND | 1 | 0 | 170,036 | 0 | |
| WISDOMTREE TRUST - LARGECAP DIVIDEND FUND | ETF | 97717W307 | 513 | 5,800 | SH | DFND | 1 | 0 | 5,800 | 0 | |
| YPF SA | COM | 984245100 | 3,130 | 144,772 | SH | DFND | 1 | 0 | 144,772 | 0 | |