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 | AEE | 584671464 | 3,440 | 411,946 | SH | DFND | 1 | 0 | 411,946 | 0 | |
| ALBEMARLE CORP | AEE | 126531013 | 324 | 4,503 | SH | DFND | 1 | 0 | 4,503 | 0 | |
| AMBEV SA | ADR | 02319V103 | 6,491 | 1,395,845 | SH | DFND | 1 | 0 | 1,395,845 | 0 | |
| AZUL SA | ADR | 05501U106 | 2,044 | 47,178 | SH | DFND | 1 | 0 | 47,178 | 0 | |
| BANCO BRADESCO SA | ADR | 594603039 | 6,745 | 753,619 | SH | DFND | 1 | 0 | 753,619 | 0 | |
| BANCO SANTANDER BRASIL SA | ADR | 05967A107 | 390 | 31,916 | SH | DFND | 1 | 0 | 31,916 | 0 | |
| BANCO SANTANDER MEXICO SA | ADR | 05969B103 | 173 | 25,500 | SH | DFND | 1 | 0 | 25,500 | 0 | |
| BLACKROCK ASSET MANAGEMENT DEUTSCHLAND AG ISHARES MSCI BRAZIL UCITS ETF DE | ETF | 00A0Q4R85 | 132,060 | 3,027,500 | SH | DFND | 1 | 0 | 3,027,500 | 0 | |
| BRF BRASIL FOODS SA | ADR | 10552T107 | 2,944 | 338,426 | SH | DFND | 1 | 0 | 338,426 | 0 | |
| CEMEX SAB DE CV | ADR | 151290889 | 1,042 | 274,935 | SH | DFND | 1 | 0 | 274,935 | 0 | |
| CENTRAL PUERTO SA | ADR | 155038201 | 415 | 85,070 | SH | DFND | 1 | 0 | 85,070 | 0 | |
| COCA COLA FEMSA SAB DE CV | ADR | 191241108 | 538 | 8,902 | SH | DFND | 1 | 0 | 8,902 | 0 | |
| COPA HOLDINGS SA | AEE | 310761054 | 6,630 | 61,476 | SH | DFND | 1 | 0 | 61,476 | 0 | |
| CORPORACION AMERICA AIRPORTS SA | AEE | L1995B107 | 273 | 45,479 | SH | DFND | 1 | 0 | 45,479 | 0 | |
| CREDICORP LTD | AEE | 2519Y1084 | 1,082 | 5,055 | SH | DFND | 1 | 0 | 5,055 | 0 | |
| DB HARVEST CSI 300 CHINA A | ETF | 233051879 | 4 | 141 | SH | DFND | 1 | 0 | 141 | 0 | |
| FINANCIAL SELECT SECTOR SPDR | ETF | 81369Y605 | 7,682 | 250,391 | SH | DFND | 1 | 0 | 250,391 | 0 | |
| FOMENTO ECONOMICO MEXICANO SAB DE CV | ADR | 344419106 | 1,412 | 14,929 | SH | DFND | 1 | 0 | 14,929 | 0 | |
| GERDAU SA | ADR | 373737105 | 3,319 | 675,972 | SH | DFND | 1 | 0 | 675,972 | 0 | |
| GRUPO FINANCIERO GALICIA SA | ADR | 399909100 | 0 | 1 | SH | DFND | 1 | 0 | 1 | 0 | |
| GRUPO SUPERVIELLE SA | ADR | 40054A108 | 12 | 3,293 | SH | DFND | 1 | 0 | 3,293 | 0 | |
| INTERCORP FINANCIAL SERVICES INC | AEE | P5626F128 | 15,050 | 361,861 | SH | DFND | 1 | 0 | 361,861 | 0 | |
| INVESCO MARKETS PLC INVESCO S&P 500 UCITS ETF | ETF | 0B3YCGJ38 | 205,794 | 349,312 | SH | DFND | 1 | 0 | 349,312 | 0 | |
| ISHARES CORE DAX UCITS ETF DE | ETF | D3803R109 | 33,309 | 262,500 | SH | DFND | 1 | 0 | 262,500 | 0 | |
| ISHARES CORE S&P 500 ETF | ETF | 464287200 | 168,262 | 521,726 | SH | DFND | 1 | 0 | 521,726 | 0 | |
| ISHARES FTSEXINHUA CHINA 25 | ETF | 464287184 | 29,323 | 674,255 | SH | DFND | 1 | 0 | 674,255 | 0 | |
| ISHARES INC ISHARES CORE MSCI EMERGING MARKETS ETF | ETF | 46434G103 | 108,896 | 2,031,265 | SH | DFND | 1 | 0 | 2,031,265 | 0 | |
| ISHARES INC ISHARES MSCI CHILE CAPPED ETF | ETF | 464286640 | 956 | 28,878 | SH | DFND | 1 | 0 | 28,878 | 0 | |
| ISHARES INC ISHARES MSCI EUROZONE ETF | ETF | 464286608 | 2,294 | 55,000 | SH | DFND | 1 | 0 | 55,000 | 0 | |
| ISHARES INC ISHARES MSCI MEXICO CAPPED ETF | ETF | 464286822 | 213 | 4,744 | SH | DFND | 1 | 0 | 4,744 | 0 | |
| ISHARES INC ISHARES MSCI SOUTH KOREA CAPPED ETF | ETF | 464286772 | 225,326 | 3,640,163 | SH | DFND | 1 | 0 | 3,640,163 | 0 | |
| ISHARES INC ISHARES MSCI SPAIN CAPPED ETF | ETF | 464286764 | 666 | 23,000 | SH | DFND | 1 | 0 | 23,000 | 0 | |
| ISHARES INC. - ISHARES MSCI JAPAN ETF | ETF | 46434G822 | 29,561 | 500,605 | SH | DFND | 1 | 0 | 500,605 | 0 | |
| ISHARES INC. - ISHARES MSCI TAIWAN CAPPED ETF | ETF | 46434G772 | 33,182 | 808,932 | SH | DFND | 1 | 0 | 808,932 | 0 | |
| ISHARES MSCI HONG KONG INDEX | ETF | 464286871 | 78,921 | 3,249,097 | SH | DFND | 1 | 0 | 3,249,097 | 0 | |
| ISHARES TRUST - ISHARES CORE S&P SMALL-CAP ETF | ETF | 464287804 | 136,699 | 1,635,160 | SH | DFND | 1 | 0 | 1,635,160 | 0 | |
| ISHARES TRUST - ISHARES MSCI USA QUALITY FACTOR ETF | ETF | 46432F339 | 57 | 568 | SH | DFND | 1 | 0 | 568 | 0 | |
| ISHARES TRUST ISHARES CORE HIGH DIVIDEND ETF | ETF | 46429B663 | 1,320 | 13,500 | SH | DFND | 1 | 0 | 13,500 | 0 | |
| ISHARES TRUST ISHARES EDGE MSCI MIN VOL USA ETF | ETF | 46429B697 | 9,492 | 145,000 | SH | DFND | 1 | 0 | 145,000 | 0 | |
| ISHARES TRUST ISHARES EDGE MSCI USA MOMENTUM FACTOR ETF | ETF | 46432F396 | 10,023 | 80,000 | SH | DFND | 1 | 0 | 80,000 | 0 | |
| ISHARES TRUST ISHARES LATIN AMERICA 40 ETF | ETF | 464287390 | 67,327 | 1,986,059 | SH | DFND | 1 | 0 | 1,986,059 | 0 | |
| ISHARES TRUST ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF | ETF | 46432F396 | 44 | 600 | SH | DFND | 1 | 0 | 600 | 0 | |
| ISHARES TRUST ISHARES MSCI EAFE SMALL CAP ETF | ETF | 46429B671 | 468 | 7,309 | SH | DFND | 1 | 0 | 7,309 | 0 | |
| ISHARES TRUST ISHARES MSCI EUROPE FINANCIALS ETF | ETF | 464289180 | 6,709 | 346,739 | SH | DFND | 1 | 0 | 346,739 | 0 | |
| ISHARES TRUST ISHARES MSCI UNITED KINGDOM ETF | ETF | 46435G334 | 1,097 | 32,458 | SH | DFND | 1 | 0 | 32,458 | 0 | |
| ISHARES TRUST ISHARES RUSSELL 2000 ETF | ETF | 464287655 | 1,827 | 11,044 | SH | DFND | 1 | 0 | 11,044 | 0 | |
| ISHARES TRUST ISHARES S&P 100 ETF | ETF | 464287101 | 3,077 | 21,400 | SH | DFND | 1 | 0 | 21,400 | 0 | |
| ISHARES, INC ISHARES MSCI BRAZIL INDEX FUND | ETF | 464286400 | 681,832 | 14,445,599 | SH | DFND | 1 | 0 | 14,445,599 | 0 | |
| ISHARES, INC ISHARES MSCI EMERGING MARKETS INDEX | ETF | 464287234 | 1,137 | 25,400 | SH | DFND | 1 | 0 | 25,400 | 0 | |
| ITAU UNIBANCO HOLDING SA | ADR | 465562106 | 21,398 | 2,338,611 | SH | DFND | 1 | 0 | 2,338,611 | 0 | |
| LATAM AIRLINES GROUP SA | ADR | 51817R106 | 18,491 | 1,795,289 | SH | DFND | 1 | 0 | 1,795,289 | 0 | |
| LOMA NEGRA CIA IND | ADR | 54150E104 | 442 | 55,567 | SH | DFND | 1 | 0 | 55,567 | 0 | |
| LU0846194776 | ETF | G68707101 | 86,917 | 1,804,000 | SH | DFND | 1 | 0 | 1,804,000 | 0 | |
| PAGSEGURO DIGITAL LTD | AEE | 697660207 | 6,522 | 196,137 | SH | DFND | 1 | 0 | 196,137 | 0 | |
| PAMPA ENERGIA SA | ADR | 697660207 | 228 | 13,597 | SH | DFND | 1 | 0 | 13,597 | 0 | |
| PETROLEO BRASILEIRO SA | ADR | 71654V408 | 2,067 | 130,000 | SH | DFND | 1 | 0 | 130,000 | 0 | |
| SELECT SECTOR SPDR FUND- TECHNOLOGY | ETF | 81369Y803 | 649 | 7,101 | SH | DFND | 1 | 0 | 7,101 | 0 | |
| SPDR S&P 500 ETF TRUST | ETF | 78462F103 | 55,009 | 171,324 | SH | DFND | 1 | 0 | 171,324 | 0 | |
| SPDR S&P CHINA ETF | ETF | 78463X400 | 14 | 141 | SH | DFND | 1 | 0 | 141 | 0 | |
| SUZANO PAPELE CELULOSE | ADR | 86959K105 | 611 | 61,738 | SH | DFND | 1 | 0 | 61,738 | 0 | |
| THE SELECT SECTOR SPDR TRUST THE ENERGY SELECT | ETF | 81369Y506 | 11,014 | 184,491 | SH | DFND | 1 | 0 | 184,491 | 0 | |
| THE SELECT SECTOR SPDR TRUST THE HEALTH CARE SELECT | ETF | 81369Y209 | 2,861 | 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 | |
| VANECK VECTORS ETF TRUST - VANECK VECTORS GOLD | ETF | 92189F106 | 115 | 3,906 | SH | DFND | 1 | 0 | 3,906 | 0 | |
| VANGUARD EMERGING MARKET | ETF | 922042858 | 81,999 | 1,848,480 | SH | DFND | 1 | 0 | 1,848,480 | 0 | |
| VANGUARD INDEX FUNDS VANGUARD SMALL CAP ETF | ETF | 922908751 | 5,234 | 31,669 | SH | DFND | 1 | 0 | 31,669 | 0 | |
| VANGUARD INDEX FUNDS VANGUARD TOTAL STOCK MARKET | ETF | 922908769 | 81,785 | 501,164 | SH | DFND | 1 | 0 | 501,164 | 0 | |
| VANGUARD INDEX FUNDS VANGUARD VALUE ETF | ETF | 922908744 | 304,041 | 2,543,214 | SH | DFND | 1 | 0 | 2,543,214 | 0 | |
| VANGUARD S&P 500 ETF | ETF | 922908363 | 75,010 | 254,236 | SH | DFND | 1 | 0 | 254,236 | 0 | |
| WISDOM TREE TRUST WISDOMTREE US LARGECAP DIVIDEND | ETF | 97717W307 | 613 | 5,800 | SH | DFND | 1 | 0 | 5,800 | 0 | |
| YPF SA | ADR | 984245100 | 20 | 1,772 | SH | DFND | 1 | 0 | 1,772 | 0 | |