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
Estimated average burden
hours per response: 23.8
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
AARONS INC COM PAR $0.50 002535300 14 560 SH   DFND   0 0 560
ABERCROMBIE & FITCH CO CL A 002896207 7 410 SH   DFND   0 0 410
ABM INDS INC COM 000957100 6 160 SH   DFND   0 0 160
ADVANCED ENERGY INDS COM 007973100 5 100 SH   DFND   0 0 100
ADVANCED MICRO DEVICES INC COM 007903107 5 720 SH   DFND   0 0 720
AECOM COM 00766T100 7 230 SH   DFND   0 0 230
AK STL HLDG CORP COM 001547108 17 3,590 SH   DFND   0 0 3,590
ALPHABET INC CAP STK CL A 02079K305 24 30 SH   DFND   0 0 30
AMBEV SA SPONSORED ADR 02319V103 11,308 1,856,772 SH   DFND 1 1,712,375 0 144,397
AMBEV SA SPONSORED ADR 02319V103 17,470 2,868,578 SH   SOLE   0 0 2,868,578
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 7,816 683,247 SH   DFND 1 472,812 0 210,435
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 9 530 SH   DFND   0 0 530
AMERICAN INTL GROUP INC COM NEW 026874784 34 580 SH   DFND   310 0 270
AMERICAN PUBLIC EDUCATION IN COM 02913V103 9 470 SH   DFND   0 0 470
AMERICAN VANGUARD CORP COM 030371108 9 550 SH   DFND   0 0 550
AMERICAN WOODMARK CORP COM 030506109 6 70 SH   DFND   0 0 70
AMERIS BANCORP COM 03076K108 5 150 SH   DFND   0 0 150
AMGEN INC COM 031162100 89 531 SH   DFND   71 0 460
ANIXTER INTL INC COM 035290105 6 100 SH   DFND   0 0 100
APPLE INC COM 037833100 87 773 SH   DFND   113 0 660
APPLIED INDL TECHNOLOGIES IN COM 03820C105 7 140 SH   DFND   0 0 140
APPLIED MATLS INC COM 038222105 65 2,170 SH   DFND   0 0 2,170
ARCBEST CORP COM 03937C105 6 340 SH   DFND   0 0 340
ARROW ELECTRS INC COM 042735100 6 90 SH   DFND   0 0 90
ASCENA RETAIL GROUP INC COM 04351G101 4 630 SH   DFND   0 0 630
ASTEC INDS INC COM 046224101 9 150 SH   DFND   0 0 150
AT&T INC COM 00206R102 127 3,120 SH   DFND   0 0 3,120
ATWOOD OCEANICS INC COM 050095108 6 650 SH   DFND   0 0 650
AUTOZONE INC COM 053332102 77 100 SH   DFND   0 0 100
AVERY DENNISON CORP COM 053611109 128 1,650 SH   DFND   0 0 1,650
AVON PRODS INC COM 054303102 4 740 SH   DFND   0 0 740
BANC OF CALIFORNIA INC COM 05990K106 7 380 SH   DFND   0 0 380
BANCO BRADESCO S A SP ADR PFD NEW 059460303 29,573 3,260,562 SH   DFND 1 2,146,122 0 1,114,440
BANCO BRADESCO S A SP ADR PFD NEW 059460303 33,529 3,696,724 SH   SOLE   0 0 3,314,336
BANCO MACRO SA SPON ADR B 05961W105 389 49,950 SH   DFND   0 0 49,950
BANCOLOMBIA S A SPON ADR PREF 05968L102 351 9,000 SH   DFND   0 0 9,000
BANCOLOMBIA S A SPON ADR PREF 05968L102 4,535 116,158 SH   DFND 1 80,858 0 35,300
BANK AMER CORP COM 060505104 19 1,242 SH   DFND   1,242 0 0
BARNES GROUP INC COM 067806109 6 150 SH   DFND   0 0 150
BBVA BANCO FRANCES S A SPONSORED ADR 07329M100 257 38,768 SH   DFND   0 0 38,768
BED BATH & BEYOND INC COM 075896100 63 1,460 SH   DFND   0 0 1,460
BELDEN INC COM 077454106 6 80 SH   DFND   0 0 80
BENCHMARK ELECTRS INC COM 08160H101 12 480 SH   DFND   0 0 480
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 36 250 SH   DFND   0 0 250
BEST BUY INC COM 086516101 109 2,850 SH   DFND   0 0 2,850
BIG 5 SPORTING GOODS CORP COM 08915P101 13 970 SH   DFND   0 0 970
BIG LOTS INC COM 089302103 9 190 SH   DFND   0 0 190
BIOGEN INC COM 09062X103 91 290 SH   DFND   40 0 250
BLOCK H & R INC COM 093671105 25 1,100 SH   DFND   0 0 1,100
BOEING CO COM 097023105 25 191 SH   DFND   191 0 0
BRF SA SPONSORED ADR 10552T107 15,557 911,883 SH   DFND 1 645,700 0 266,183
BRINKER INTL INC COM 109641100 11 220 SH   DFND   0 0 220
BUCKLE INC COM 118440106 9 370 SH   DFND   0 0 370
CA INC COM 12673P105 61 1,850 SH   DFND   0 0 1,850
CABOT CORP COM 127055101 7 140 SH   DFND   0 0 140
CABOT MICROELECTRONICS CORP COM 12709P103 5 100 SH   DFND   0 0 100
CACI INTL INC CL A 127190304 10 100 SH   DFND   0 0 100
CAL MAINE FOODS INC COM NEW 128030202 5 140 SH   DFND   0 0 140
CALERES INC COM 129500104 5 210 SH   DFND   0 0 210
CALLAWAY GOLF CO COM 131193104 9 740 SH   DFND   0 0 740
CAPELLA EDUCATION COMPANY COM 139594105 13 230 SH   DFND   0 0 230
CARDINAL HEALTH INC COM 14149Y108 33 430 SH   DFND   0 0 430
CARDTRONICS PLC SHS CL A G1991C105 4 100 SH   DFND   0 0 100
CAREER EDUCATION CORP COM 141665109 12 1,760 SH   DFND   0 0 1,760
CATO CORP NEW CL A 149205106 11 320 SH   DFND   0 0 320
CEMENTOS PACASMAYO S A A SPON ADR REP 5 15126Q109 71 7,529 SH   DFND   7,529 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 162 20,403 SH   DFND   0 0 20,403
CEMEX SAB DE CV SPON ADR NEW 151290889 11,269 1,419,270 SH   DFND 1 1,058,136 0 361,134
CENCOSUD S A SPONSORED ADS 15132H101 1,006 111,663 SH   DFND 1 77,781 0 33,882
CENTRAL GARDEN & PET CO COM 153527106 14 530 SH   DFND   0 0 530
CENTRAL GARDEN & PET CO CL A NON-VTG 153527205 14 560 SH   DFND   0 0 560
CENTURYLINK INC COM 156700106 81 2,960 SH   DFND   0 0 2,960
CHART INDS INC COM PAR $0.01 16115Q308 11 320 SH   DFND   0 0 320
CHICOS FAS INC COM 168615102 8 670 SH   DFND   0 0 670
CHILDRENS PL INC COM 168905107 12 150 SH   DFND   0 0 150
CINCINNATI FINL CORP COM 172062101 66 880 SH   DFND   0 0 880
CIRRUS LOGIC INC COM 172755100 5 90 SH   DFND   0 0 90
CISCO SYS INC COM 17275R102 92 2,918 SH   DFND   788 0 2,130
COCA COLA FEMSA S A B DE C V SPON ADR REP L 191241108 46 622 SH   DFND   0 0 622
COLGATE PALMOLIVE CO COM 194162103 118 1,590 SH   DFND   0 0 1,590
COMCAST CORP NEW CL A 20030N101 50 760 SH   DFND   200 0 560
COMMERCIAL METALS CO COM 201723103 7 410 SH   DFND   0 0 410
COMMUNITY BK SYS INC COM 203607106 5 100 SH   DFND   0 0 100
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 3,983 430,118 SH   DFND 1 300,600 0 129,518
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 2,102 811,741 SH   DFND 1 516,000 0 295,741
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 3,940 379,899 SH   DFND 1 259,500 0 120,399
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 45 3,261 SH   DFND 1 3,261 0 0
CONVERGYS CORP COM 212485106 13 440 SH   DFND   0 0 440
COPA HOLDINGS AS CL A P31076105 2,251 25,595 SH   SOLE   0 0 25,595
COSAN LTD SHS A G25343107 3,078 430,511 SH   DFND 1 295,600 0 134,911
CRANE CO COM 224399105 8 130 SH   DFND   0 0 130
CREDICORP LTD COM G2519Y108 15,857 104,172 SH   DFND 1 71,544 0 32,628
CRESUD S A C I F Y A SPONSORED ADR 226406106 464 260,100 SH   DFND   0 0 260,100
CSG SYS INTL INC COM 126349109 7 160 SH   DFND   0 0 160
CUMMINS INC COM 231021106 114 890 SH   DFND   0 0 890
CURTISS WRIGHT CORP COM 231561101 7 80 SH   DFND   0 0 80
CVS HEALTH CORP COM 126650100 32 360 SH   DFND   0 0 360
CYNOSURE INC CL A 232577205 5 90 SH   DFND   0 0 90
DANAHER CORP DEL COM 235851102 94 1,200 SH   DFND   0 0 1,200
DBX ETF TR DB XTR MSCI EUR 233051853 1,619 62,773 SH   DFND   0 0 62,773
DECKERS OUTDOOR CORP COM 243537107 5 80 SH   DFND   0 0 80
DELTA AIR LINES INC DEL COM NEW 247361702 128 3,250 SH   DFND   0 0 3,250
DELUXE CORP COM 248019101 6 90 SH   DFND   0 0 90
DEVRY ED GROUP INC COM 251893103 15 670 SH   DFND   0 0 670
DHI GROUP INC COM 23331S100 4 530 SH   DFND   0 0 530
DICKS SPORTING GOODS INC COM 253393102 5 80 SH   DFND   0 0 80
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 88 3,260 SH   DFND   0 0 3,260
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 83 3,160 SH   DFND   0 0 3,160
DISNEY WALT CO COM DISNEY 254687106 25 265 SH   DFND   265 0 0
DOMINOS PIZZA INC COM 25754A201 9 60 SH   DFND   0 0 60
DOMTAR CORP COM NEW 257559203 7 180 SH   DFND   0 0 180
DORMAN PRODUCTS INC COM 258278100 6 90 SH   DFND   0 0 90
DOVER CORP COM 260003108 49 670 SH   DFND   0 0 670
DR PEPPER SNAPPLE GROUP INC COM 26138E109 59 650 SH   DFND   0 0 650
DREW INDS INC COM NEW 26168L205 10 100 SH   DFND   0 0 100
DRIL-QUIP INC COM 262037104 4 80 SH   DFND   0 0 80
DUKE ENERGY CORP NEW COM NEW 26441C204 37 460 SH   DFND   0 0 460
DUN & BRADSTREET CORP DEL NE COM 26483E100 191 1,400 SH   DFND   0 0 1,400
EATON CORP PLC SHS G29183103 128 1,950 SH   DFND   0 0 1,950
EATON VANCE CORP COM NON VTG 278265103 5 140 SH   DFND   0 0 140
EBAY INC COM 278642103 59 1,780 SH   DFND   0 0 1,780
EMBRAER S A SP ADR REP 4 COM 29082A107 6,243 361,730 SH   SOLE   0 0 386,830
EMCOR GROUP INC COM 29084Q100 11 180 SH   DFND   0 0 180
EMERSON ELEC CO COM 291011104 53 970 SH   DFND   0 0 970
EMPRESA DIST Y COMERCIAL NOR SPON ADR 29244A102 153 157,883 SH   DFND   0 0 157,883
EMPRESA NACIONAL DE ELCTRCID SPONSORED ADR 29244T101 2,447 123,329 SH   DFND 1 83,709 0 39,620
ENANTA PHARMACEUTICALS INC COM 29251M106 9 340 SH   DFND   0 0 340
ENERSIS AMERICAS SA SPONSORED ADR 29274F104 5,378 656,705 SH   DFND 1 457,724 0 198,981
ENERSIS AMERICAS SA SPONSORED ADR 29274F104 2,098 441,712 SH   SOLE   0 0 441,712
ENERSYS COM 29275Y102 10 140 SH   DFND   0 0 140
ENGILITY HLDGS INC NEW COM 29286C107 6 190 SH   DFND   0 0 190
ENSCO PLC SHS CLASS A G3157S106 73 8,610 SH   DFND   0 0 8,610
EQUINIX INC COM PAR $0.001 29444U700 18 50 SH   DFND   0 0 50
ETHAN ALLEN INTERIORS INC COM 297602104 4 130 SH   DFND   0 0 130
EXPEDITORS INTL WASH INC COM 302130109 76 1,480 SH   DFND   0 0 1,480
EXPRESS INC COM 30219E103 5 440 SH   DFND   0 0 440
FAIR ISAAC CORP COM 303250104 5 40 SH   DFND   0 0 40
FEDERATED INVS INC PA CL B 314211103 4 140 SH   DFND   0 0 140
FINISH LINE INC CL A 317923100 10 450 SH   DFND   0 0 450
FIRST TR EXCH TRD ALPHA FD I GERMANY ALPHA 33737J190 721 19,232 SH   DFND   0 0 19,232
FIRST TR EXCHANGE TRADED FD FINLS ALPHADEX 33734X135 1,313 54,045 SH   DFND   0 0 54,045
FLIR SYS INC COM 302445101 49 1,550 SH   DFND   0 0 1,550
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 25,162 273,379 SH   DFND 1 190,337 0 83,042
FOOT LOCKER INC COM 344849104 9 130 SH   DFND   0 0 130
FORWARD AIR CORP COM 349853101 4 90 SH   DFND   0 0 90
FOSSIL GROUP INC COM 34988V106 12 420 SH   DFND   0 0 420
FRANKLIN RES INC COM 354613101 128 3,590 SH   DFND   0 0 3,590
FTI CONSULTING INC COM 302941109 5 120 SH   DFND   0 0 120
GAP INC DEL COM 364760108 65 2,930 SH   DFND   0 0 2,930
GARMIN LTD SHS H2906T109 98 2,040 SH   DFND   0 0 2,040
GENERAL MLS INC COM 370334104 57 890 SH   DFND   0 0 890
GENERAL MTRS CO COM 37045V100 135 4,250 SH   DFND   0 0 4,250
GENESCO INC COM 371532102 13 240 SH   DFND   0 0 240
GENTEX CORP COM 371901109 10 550 SH   DFND   0 0 550
GENUINE PARTS CO COM 372460105 82 820 SH   DFND   0 0 820
GERDAU S A SPON ADR REP PFD 373737105 3,438 1,263,916 SH   DFND 1 867,600 0 396,316
GIBRALTAR INDS INC COM 374689107 8 220 SH   DFND   0 0 220
GILEAD SCIENCES INC COM 375558103 17 209 SH   DFND   209 0 0
GLOBAL X FDS GLBX MSCI COLUM 37950E200 96 10,100 SH   DFND   0 0 10,100
GOODYEAR TIRE & RUBR CO COM 382550101 62 1,910 SH   DFND   0 0 1,910
GPO AEROPORTUARIO DEL PAC SA SPON ADR B 400506101 3,410 35,909 SH   DFND 1 25,253 0 10,656
GRANA Y MONTERO S A A SPONSORED ADR 38500P208 181 21,730 SH   DFND 1 21,730 0 0
GREEN DOT CORP CL A 39304D102 7 320 SH   DFND   0 0 320
GREENBRIER COS INC COM 393657101 11 300 SH   DFND   0 0 300
GREENHILL & CO INC COM 395259104 7 300 SH   DFND   0 0 300
GREIF INC CL A 397624107 8 160 SH   DFND   0 0 160
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 670 217,600 SH   DFND   0 0 217,600
GRUPO FINANCIERO SANTANDER M SPON ADR SHS B 40053C105 16 1,792 SH   DFND 1 1,792 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 142 5,517 SH   DFND 1 5,517 0 0
HALYARD HEALTH INC COM 40650V100 6 170 SH   DFND   0 0 170
HARMAN INTL INDS INC COM 413086109 57 670 SH   DFND   0 0 670
HARRIS CORP DEL COM 413875105 43 470 SH   DFND   0 0 470
HAWAIIAN HOLDINGS INC COM 419879101 16 330 SH   DFND   0 0 330
HCA HOLDINGS INC COM 40412C101 53 700 SH   DFND   0 0 700
HEWLETT PACKARD ENTERPRISE C COM 42824C109 39 1,710 SH   DFND   0 0 1,710
HIBBETT SPORTS INC COM 428567101 7 170 SH   DFND   0 0 170
HMS HLDGS CORP COM 40425J101 7 310 SH   DFND   0 0 310
HNI CORP COM 404251100 5 130 SH   DFND   0 0 130
HOME DEPOT INC COM 437076102 23 180 SH   DFND   0 0 180
HORMEL FOODS CORP COM 440452100 61 1,600 SH   DFND   0 0 1,600
HP INC COM 40434L105 106 6,810 SH   DFND   0 0 6,810
HUNTINGTON INGALLS INDS INC COM 446413106 5 30 SH   DFND   0 0 30
IDEXX LABS INC COM 45168D104 9 80 SH   DFND   0 0 80
II VI INC COM 902104108 5 190 SH   DFND   0 0 190
ILLINOIS TOOL WKS INC COM 452308109 80 670 SH   DFND   0 0 670
INNOSPEC INC COM 45768S105 14 230 SH   DFND   0 0 230
INSIGHT ENTERPRISES INC COM 45765U103 14 430 SH   DFND   0 0 430
INTEL CORP COM 458140100 82 2,180 SH   DFND   0 0 2,180
INTERDIGITAL INC COM 45867G101 9 110 SH   DFND   0 0 110
INTERFACE INC COM 458665304 6 330 SH   DFND   0 0 330
INTERNATIONAL BUSINESS MACHS COM 459200101 51 320 SH   DFND   0 0 320
IROBOT CORP COM 462726100 8 190 SH   DFND   0 0 190
ISHARES MSCI BRZ CAP ETF 464286400 590 17,505 SH   DFND   0 0 17,505
ISHARES MSCI EM ASIA ETF 464286426 1,695 29,500 SH   DFND   0 0 29,500
ISHARES MIN VOL EMRG MKT 464286533 2,417 44,714 SH   DFND 1 44,714 0 0
ISHARES MSCI EURZONE ETF 464286608 1,016 29,470 SH   DFND   0 0 29,470
ISHARES MSCI PAC JP ETF 464286665 748 17,700 SH   DFND   0 0 17,700
ISHARES MSCI FRANCE ETF 464286707 818 33,870 SH   DFND   0 0 33,870
ISHARES MSCI SZ CAP ETF 464286749 306 10,000 SH   DFND   0 0 10,000
ISHARES MSCI SPAN CP ETF 464286764 2,786 103,860 SH   DFND   0 0 103,860
ISHARES MSCI STH KOR ETF 464286772 1,512 26,013 SH   DFND   0 0 26,013
ISHARES MSCI STH AFR ETF 464286780 185 3,300 SH   DFND   0 0 3,300
ISHARES MSCI GERMANY ETF 464286806 976 37,171 SH   DFND   0 0 37,171
ISHARES MSCI MEX CAP ETF 464286822 685 14,126 SH   DFND   0 0 14,126
ISHARES MSCI JAPAN ETF 464286848 19,891 1,586,187 SH   DFND 1 1,586,187 0 0
ISHARES MSCI HONG KG ETF 464286871 320 14,543 SH   DFND   0 0 14,543
ISHARES ALL PERU CAP ETF 464289842 202 6,085 SH   DFND   0 0 6,085
ISHARES EM MKTS CURR ETF 464286517 3,427 91,500 SH   SOLE   0 0 91,500
ISHARES MSCI JAPAN ETF 464286848 796 63,500 SH   SOLE   0 0 63,500
ISHARES INC CORE MSCI EMKT 46434G103 1,302 28,550 SH   DFND   0 0 28,550
ISHARES TR CHINA LG-CAP ETF 464287184 1,647 43,325 SH   DFND   0 0 43,325
ISHARES TR MSCI EMG MKT ETF 464287234 2,649 70,732 SH   DFND   0 0 70,732
ISHARES TR IBOXX INV CP ETF 464287242 5,915 48,270 SH   DFND   0 0 48,270
ISHARES TR IBOXX INV CP ETF 464287242 14,268 115,829 SH   DFND 1 115,829 0 0
ISHARES TR LATN AMER 40 ETF 464287390 1,000 35,664 SH   DFND   0 0 35,664
ISHARES TR 20 YR TR BD ETF 464287432 23,072 167,787 SH   DFND 1 167,787 0 0
ISHARES TR 7-10 Y TR BD ETF 464287440 76,210 681,173 SH   DFND 1 681,173 0 0
ISHARES TR MSCI EAFE ETF 464287465 386 6,522 SH   DFND   0 0 6,522
ISHARES TR RUS 1000 VAL ETF 464287598 421 3,984 SH   DFND   0 0 3,984
ISHARES TR RUS 1000 GRW ETF 464287614 214 2,053 SH   DFND   0 0 2,053
ISHARES TR RUS 2000 VAL ETF 464287630 504 4,813 SH   DFND   0 0 4,813
ISHARES TR RUSSELL 3000 ETF 464287689 304 2,371 SH   DFND   0 0 2,371
ISHARES TR U.S. REAL ES ETF 464287739 204 2,528 SH   DFND   0 0 2,528
ISHARES TR U.S. FINLS ETF 464287788 2,693 29,925 SH   DFND   0 0 29,925
ISHARES TR U.S. ENERGY ETF 464287796 56 1,428 SH   DFND   0 0 1,428
ISHARES TR EUROPE ETF 464287861 2,440 61,950 SH   DFND   0 0 61,950
ISHARES TR INTL TREA BD ETF 464288117 29,790 296,686 SH   DFND 1 296,686 0 0
ISHARES TR MSCI ACWI ETF 464288257 5,275 89,250 SH   DFND   0 0 89,250
ISHARES TR JP MOR EM MK ETF 464288281 3,115 26,800 SH   DFND   0 0 26,800
ISHARES TR IBOXX HI YD ETF 464288513 2,569 29,700 SH   DFND   0 0 29,700
ISHARES TR 1-3 YR CR BD ETF 464288646 5,751 54,374 SH   DFND 1 0 0 54,374
ISHARES TR SHRT TRS BD ETF 464288679 798 7,228 SH   DFND   0 0 7,228
ISHARES TR MSCI PHILIPS ETF 46429B408 137 3,684 SH   DFND   0 0 3,684
ISHARES TR CHINA ETF 46429B671 252 5,200 SH   DFND   0 0 5,200
ISHARES TR CUR HD EURZN ETF 46434V639 1,543 62,256 SH   DFND   0 0 62,256
ISHARES TR HDG MSCI GERMN 46434V704 24 1,000 SH   DFND   0 0 1,000
ISHARES TR CORE MSCI EURO 46434V738 2,011 48,600 SH   DFND   0 0 48,600
ISHARES TR RUSSELL 2000 ETF 464287655 11,236 90,456 SH   SOLE   0 0 90,456
ISHARES TR MSCI EAFE ETF 464287465 4,630 78,296 SH   SOLE   0 0 78,296
ISHARES TR CORE S&P SCP ETF 464287804 214 1,730 SH   SOLE   0 0 1,730
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 38,542 3,523,052 SH   DFND 1 2,382,139 0 1,140,913
ITRON INC COM 465741106 5 90 SH   DFND   0 0 90
JACK IN THE BOX INC COM 466367109 4 40 SH   DFND   0 0 40
JACOBS ENGR GROUP INC DEL COM 469814107 172 3,330 SH   DFND   0 0 3,330
JANUS CAP GROUP INC COM 47102X105 7 470 SH   DFND   0 0 470
JETBLUE AIRWAYS CORP COM 477143101 13 750 SH   DFND   0 0 750
JOHNSON & JOHNSON COM 478160104 104 880 SH   DFND   0 0 880
KAMAN CORP COM 483548103 5 120 SH   DFND   0 0 120
KBR INC COM 48242W106 7 450 SH   DFND   0 0 450
KELLY SVCS INC CL A 488152208 11 590 SH   DFND   0 0 590
KOHLS CORP COM 500255104 89 2,040 SH   DFND   0 0 2,040
KORN FERRY INTL COM NEW 500643200 5 230 SH   DFND   0 0 230
KULICKE & SOFFA INDS INC COM 501242101 12 900 SH   DFND   0 0 900
L BRANDS INC COM 501797104 60 850 SH   DFND   0 0 850
L-3 COMMUNICATIONS HLDGS INC COM 502424104 136 900 SH   DFND   0 0 900
LA Z BOY INC COM 505336107 7 270 SH   DFND   0 0 270
LATAM AIRLS GROUP S A SPONSORED ADR 51817R106 42 5,190 SH   DFND 1 5,190 0 0
LYDALL INC DEL COM 550819106 9 170 SH   DFND   0 0 170
MACYS INC COM 55616P104 71 1,920 SH   DFND   0 0 1,920
MALLINCKRODT PUB LTD CO SHS G5785G107 94 1,340 SH   DFND   0 0 1,340
MANPOWERGROUP INC COM 56418H100 8 110 SH   DFND   0 0 110
MANTECH INTL CORP CL A 564563104 7 180 SH   DFND   0 0 180
MARATHON PETE CORP COM 56585A102 56 1,390 SH   DFND   0 0 1,390
MARRIOTT INTL INC NEW CL A 571903202 57 852 SH   DFND   0 0 852
MASCO CORP COM 574599106 164 4,780 SH   DFND   0 0 4,780
MATRIX SVC CO COM 576853105 6 320 SH   DFND   0 0 320
MATTEL INC COM 577081102 49 1,630 SH   DFND   0 0 1,630
MDU RES GROUP INC COM 552690109 7 280 SH   DFND   0 0 280
MEDIFAST INC COM 58470H101 11 290 SH   DFND   0 0 290
MENTOR GRAPHICS CORP COM 587200106 6 210 SH   DFND   0 0 210
MERCK & CO INC COM 58933Y105 31 490 SH   DFND   0 0 490
MEREDITH CORP COM 589433101 7 140 SH   DFND   0 0 140
METHODE ELECTRS INC COM 591520200 6 180 SH   DFND   0 0 180
MICHAEL KORS HLDGS LTD SHS G60754101 125 2,670 SH   DFND   0 0 2,670
MILLER HERMAN INC COM 600544100 5 160 SH   DFND   0 0 160
MINERALS TECHNOLOGIES INC COM 603158106 7 100 SH   DFND   0 0 100
MOLINA HEALTHCARE INC COM 60855R100 6 110 SH   DFND   0 0 110
MONDELEZ INTL INC CL A 609207105 27 606 SH   DFND   606 0 0
MOODYS CORP COM 615369105 78 720 SH   DFND   0 0 720
MOOG INC CL A 615394202 6 100 SH   DFND   0 0 100
MORGAN STANLEY COM NEW 617446448 21 652 SH   DFND   652 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 69 910 SH   DFND   0 0 910
MOVADO GROUP INC COM 624580106 10 460 SH   DFND   0 0 460
MSC INDL DIRECT INC CL A 553530106 8 110 SH   DFND   0 0 110
MURPHY USA INC COM 626755102 7 100 SH   DFND   0 0 100
MYR GROUP INC DEL COM 55405W104 7 220 SH   DFND   0 0 220
NASDAQ INC COM 631103108 66 980 SH   DFND   0 0 980
NATIONAL PRESTO INDS INC COM 637215104 9 100 SH   DFND   0 0 100
NAVIGANT CONSULTING INC COM 63935N107 13 650 SH   DFND   0 0 650
NCR CORP NEW COM 62886E108 6 200 SH   DFND   0 0 200
NETAPP INC COM 64110D104 62 1,730 SH   DFND   0 0 1,730
NETGEAR INC COM 64111Q104 12 200 SH   DFND   0 0 200
NEUSTAR INC CL A 64126X201 10 360 SH   DFND   0 0 360
NEW YORK TIMES CO CL A 650111107 5 430 SH   DFND   0 0 430
NEWS CORP NEW CL A 65249B109 74 5,310 SH   DFND   0 0 5,310
NOBLE CORP PLC SHS USD G65431101 5 720 SH   DFND   0 0 720
NORDSON CORP COM 655663102 4 40 SH   DFND   0 0 40
NORDSTROM INC COM 655664100 48 920 SH   DFND   0 0 920
NOW INC COM 67011P100 9 420 SH   DFND   0 0 420
NVIDIA CORP COM 67066G104 36 520 SH   DFND   0 0 520
OFG BANCORP COM 67103X102 4 440 SH   DFND   0 0 440
OMNICOM GROUP INC COM 681919106 54 630 SH   DFND   0 0 630
ORACLE CORP COM 68389X105 66 1,687 SH   DFND   507 0 1,180
OSHKOSH CORP COM 688239201 6 100 SH   DFND   0 0 100
OXFORD INDS INC COM 691497309 4 60 SH   DFND   0 0 60
PACCAR INC COM 693718108 65 1,100 SH   DFND   0 0 1,100
PAMPA ENERGIA S A SPONS ADR LVL I 697660207 803 635,026 SH   DFND   0 0 635,026
PAPA JOHNS INTL INC COM 698813102 6 80 SH   DFND   0 0 80
PARKER HANNIFIN CORP COM 701094104 105 840 SH   DFND   0 0 840
PEPSICO INC COM 713448108 101 930 SH   DFND   0 0 930
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 12,988 1,562,952 SH   DFND 1 1,112,300 0 450,652
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 1,108 238,756 SH   DFND   0 0 238,756
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 16,364 1,753,887 SH   DFND 1 1,179,200 0 574,687
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 51,415 6,187,169 SH   SOLE   0 0 3,898,735
PHILIP MORRIS INTL INC COM 718172109 64 660 SH   DFND   0 0 660
PILGRIMS PRIDE CORP NEW COM 72147K108 2,188 103,600 SH   SOLE   0 0 103,600
PIPER JAFFRAY COS COM 724078100 13 260 SH   DFND   0 0 260
PLEXUS CORP COM 729132100 5 100 SH   DFND   0 0 100
PNC FINL SVCS GROUP INC COM 693475105 14 150 SH   DFND   0 0 150
POLARIS INDS INC COM 731068102 5 70 SH   DFND   0 0 70
POOL CORPORATION COM 73278L105 4 40 SH   DFND   0 0 40
POWERSHARES ETF TR II FDM HG YLD RAFI 73936T557 103 5,500 SH   DFND   0 0 5,500
PRICELINE GRP INC COM NEW 741503403 29 20 SH   DFND   20 0 0
PRIMERICA INC COM 74164M108 4 80 SH   DFND   0 0 80
PROCTER AND GAMBLE CO COM 742718109 39 430 SH   DFND   0 0 430
PVH CORP COM 693656100 76 690 SH   DFND   0 0 690
QUALCOMM INC COM 747525103 72 1,050 SH   DFND   0 0 1,050
QUEST DIAGNOSTICS INC COM 74834L100 110 1,300 SH   DFND   0 0 1,300
RALPH LAUREN CORP CL A 751212101 149 1,470 SH   DFND   0 0 1,470
RAYONIER ADVANCED MATLS INC COM 75508B104 11 840 SH   DFND   0 0 840
RAYTHEON CO COM NEW 755111507 105 770 SH   DFND   0 0 770
RE MAX HLDGS INC CL A 75524W108 8 190 SH   DFND   0 0 190
REGAL BELOIT CORP COM 758750103 5 90 SH   DFND   0 0 90
RELIANCE STEEL & ALUMINUM CO COM 759509102 9 120 SH   DFND   0 0 120
RENT A CTR INC NEW COM 76009N100 8 650 SH   DFND   0 0 650
RESMED INC COM 761152107 5 80 SH   DFND   0 0 80
RESOURCES CONNECTION INC COM 76122Q105 5 350 SH   DFND   0 0 350
REX AMERICAN RESOURCES CORP COM 761624105 8 90 SH   DFND   0 0 90
ROSS STORES INC COM 778296103 41 640 SH   DFND   0 0 640
ROWAN COMPANIES PLC SHS CL A G7665A101 6 410 SH   DFND   0 0 410
RPM INTL INC COM 749685103 6 120 SH   DFND   0 0 120
RUDOLPH TECHNOLOGIES INC COM 781270103 10 560 SH   DFND   0 0 560
SANDERSON FARMS INC COM 800013104 9 90 SH   DFND   0 0 90
SANMINA CORPORATION COM 801056102 5 180 SH   DFND   0 0 180
SCHWEITZER-MAUDUIT INTL INC COM 808541106 6 160 SH   DFND   0 0 160
SCICLONE PHARMACEUTICALS INC COM 80862K104 11 1,040 SH   DFND   0 0 1,040
SCIENCE APPLICATNS INTL CP N COM 808625107 6 90 SH   DFND   0 0 90
SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 56 880 SH   DFND   0 0 880
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 720 15,080 SH   DFND   0 0 15,080
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 3,636 50,420 SH   DFND   0 0 50,420
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 2,447 45,980 SH   DFND   0 0 45,980
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 7,116 88,901 SH   DFND   0 0 88,901
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 3,716 52,627 SH   DFND   0 0 52,627
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 3,169 164,200 SH   DFND   0 0 164,200
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 2,412 41,310 SH   DFND   0 0 41,310
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 6,480 135,612 SH   DFND   0 0 135,612
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 746 22,774 SH   DFND   0 0 22,774
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 1,577 32,188 SH   DFND   0 0 32,188
SEMTECH CORP COM 816850101 4 160 SH   DFND   0 0 160
SERVISFIRST BANCSHARES INC COM 81768T108 5 90 SH   DFND   0 0 90
SIMON PPTY GROUP INC NEW COM 828806109 33 160 SH   DFND   0 0 160
SMITH A O COM 831865209 5 50 SH   DFND   0 0 50
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 2,556 95,026 SH   DFND 1 65,682 0 29,344
SOTHEBYS COM 835898107 4 110 SH   DFND   0 0 110
SOUTHERN CO COM 842587107 37 720 SH   DFND   0 0 720
SOUTHWEST AIRLS CO COM 844741108 56 1,450 SH   DFND   0 0 1,450
SPARTANNASH CO COM 847215100 8 280 SH   DFND   0 0 280
SPDR INDEX SHS FDS ASIA PACIF ETF 78463X301 2,713 32,919 SH   DFND   0 0 32,919
SPDR INDEX SHS FDS EUROPE ETF 78463X608 489 18,685 SH   DFND   0 0 18,685
SPDR INDEX SHS FDS INTL HLTH ETF 78463X681 3,281 45,500 SH   SOLE   0 0 45,500
SPDR S&P 500 ETF TR TR UNIT 78462F103 5,454 25,215 SH   DFND   0 0 25,215
SPDR S&P 500 ETF TR TR UNIT 78462F103 87,062 402,505 SH   DFND 1 402,505 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F953 10,716 1,750 SH Put SOLE   0 0 1,750
SPDR S&P 500 ETF TR TR UNIT 78462F103 35,026 162,650 SH   SOLE   0 0 162,650
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 47 1,300 SH   DFND   0 0 1,300
SPDR SERIES TRUST DJ REIT ETF 78464A607 202 2,077 SH   DFND   0 0 2,077
SPDR SERIES TRUST S&P DIVID ETF 78464A763 350 4,170 SH   SOLE   0 0 4,170
STANDARD MTR PRODS INC COM 853666105 6 130 SH   DFND   0 0 130
STANLEY BLACK & DECKER INC COM 854502101 132 1,070 SH   DFND   0 0 1,070
STEPAN CO COM 858586100 8 110 SH   DFND   0 0 110
STEWART INFORMATION SVCS COR COM 860372101 10 230 SH   DFND   0 0 230
STRAYER ED INC COM 863236105 5 100 SH   DFND   0 0 100
SUPER MICRO COMPUTER INC COM 86800U104 8 350 SH   DFND   0 0 350
SUPERIOR INDS INTL INC COM 868168105 5 180 SH   DFND   0 0 180
SYKES ENTERPRISES INC COM 871237103 7 260 SH   DFND   0 0 260
SYNCHRONY FINL COM 87165B103 78 2,790 SH   DFND   0 0 2,790
SYNGENTA AG SPONSORED ADR 87160A100 6,074 13,874 SH   SOLE   0 0 13,874
SYNNEX CORP COM 87162W100 11 100 SH   DFND   0 0 100
SYNOPSYS INC COM 871607107 6 100 SH   DFND   0 0 100
SYSCO CORP COM 871829107 28 580 SH   DFND   0 0 580
TAILORED BRANDS INC COM 87403A107 7 460 SH   DFND   0 0 460
TE CONNECTIVITY LTD REG SHS H84989104 69 1,070 SH   DFND   0 0 1,070
TELECOM ARGENTINA S A SPON ADR REP B 879273209 75 20,500 SH   DFND   0 0 20,500
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 8,671 599,205 SH   DFND 1 377,300 0 221,905
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 7,057 487,665 SH   SOLE   0 0 210,643
TENARIS S A SPONSORED ADR 88031M109 183 12,950 SH   DFND   0 0 12,950
TERADATA CORP DEL COM 88076W103 82 2,630 SH   DFND   0 0 2,630
TERADYNE INC COM 880770102 6 260 SH   DFND   0 0 260
TESORO CORP COM 881609101 77 970 SH   DFND   0 0 970
TEXAS INSTRS INC COM 882508104 65 920 SH   DFND   0 0 920
THOR INDS INC COM 885160101 12 140 SH   DFND   0 0 140
TIFFANY & CO NEW COM 886547108 33 460 SH   DFND   0 0 460
TIME WARNER INC COM NEW 887317303 88 1,110 SH   DFND   0 0 1,110
TIMKEN CO COM 887389104 8 240 SH   DFND   0 0 240
TORO CO COM 891092108 7 140 SH   DFND   0 0 140
TREX CO INC COM 89531P105 6 100 SH   DFND   0 0 100
TRUEBLUE INC COM 89785X101 14 610 SH   DFND   0 0 610
TTM TECHNOLOGIES INC COM 87305R109 11 920 SH   DFND   0 0 920
TUPPERWARE BRANDS CORP COM 899896104 9 130 SH   DFND   0 0 130
TYSON FOODS INC CL A 902494103 140 1,880 SH   DFND   0 0 1,880
U S PHYSICAL THERAPY INC COM 90337L108 6 90 SH   DFND   0 0 90
UGI CORP NEW COM 902681105 5 100 SH   DFND   0 0 100
UNIFIRST CORP MASS COM 904708104 7 50 SH   DFND   0 0 50
UNITED CONTL HLDGS INC COM 910047109 113 2,150 SH   DFND   0 0 2,150
UNITED NAT FOODS INC COM 911163103 12 290 SH   DFND   0 0 290
UNITED RENTALS INC COM 911363109 76 970 SH   DFND   0 0 970
UNITED THERAPEUTICS CORP DEL COM 91307C102 9 80 SH   DFND   0 0 80
UNITEDHEALTH GROUP INC COM 91324P102 111 790 SH   DFND   0 0 790
UNIVERSAL CORP VA COM 913456109 14 240 SH   DFND   0 0 240
UNIVERSAL FST PRODS INC COM 913543104 10 100 SH   DFND   0 0 100
URBAN OUTFITTERS INC COM 917047102 77 2,230 SH   DFND   0 0 2,230
US BANCORP DEL COM NEW 902973304 27 640 SH   DFND   0 0 640
VALE S A ADR 91912E105 5,733 1,042,333 SH   DFND 1 735,200 0 307,133
VALE S A ADR 91912E105 330 60,000 SH   SOLE   0 0 60,000
VALE S A ADR RESPTG PFD 91912E204 8,030 1,704,980 SH   SOLE   0 0 1,704,980
VALERO ENERGY CORP NEW COM 91913Y100 125 2,350 SH   DFND   0 0 2,350
VANECK VECTORS ETF TR RUSSIA ETF 92189F403 1,491 79,500 SH   DFND   0 0 79,500
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 3,438 17,304 SH   DFND   0 0 17,304
VANGUARD INDEX FDS GROWTH ETF 922908736 213 1,895 SH   DFND   0 0 1,895
VANGUARD INDEX FDS SMALL CP ETF 922908751 500 4,092 SH   DFND   0 0 4,092
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 2,830 46,500 SH   DFND   0 0 46,500
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 1,441 38,300 SH   DFND   0 0 38,300
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 54 899 SH   DFND   0 0 899
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 2,773 56,897 SH   DFND   0 0 56,897
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 41,259 846,683 SH   DFND 1 846,683 0 0
VANGUARD WORLD FDS CONSUM STP ETF 92204A207 1,070 7,815 SH   DFND   0 0 7,815
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 4,231 31,839 SH   DFND   0 0 31,839
VANGUARD WORLD FDS INDUSTRIAL ETF 92204A603 1,845 16,637 SH   DFND   0 0 16,637
VANGUARD WORLD FDS INF TECH ETF 92204A702 5,542 46,038 SH   DFND   0 0 46,038
VERA BRADLEY INC COM 92335C106 14 900 SH   DFND   0 0 900
VERISIGN INC COM 92343E102 71 910 SH   DFND   0 0 910
VERITIV CORP COM 923454102 13 260 SH   DFND   0 0 260
VERIZON COMMUNICATIONS INC COM 92343V104 37 710 SH   DFND   0 0 710
VIAD CORP COM NEW 92552R406 6 150 SH   DFND   0 0 150
VISHAY INTERTECHNOLOGY INC COM 928298108 9 660 SH   DFND   0 0 660
WAL-MART STORES INC COM 931142103 104 1,440 SH   DFND   0 0 1,440
WATERS CORP COM 941848103 54 340 SH   DFND   0 0 340
WELLCARE HEALTH PLANS INC COM 94946T106 12 100 SH   DFND   0 0 100
WESTERN UN CO COM 959802109 115 5,530 SH   DFND   0 0 5,530
WHIRLPOOL CORP COM 963320106 55 340 SH   DFND   0 0 340
WINNEBAGO INDS INC COM 974637100 10 410 SH   DFND   0 0 410
WISDOMTREE TR EMER MKT HIGH FD 97717W315 278 7,398 SH   DFND   0 0 7,398
WISDOMTREE TR DIV EX-FINL FD 97717W406 421 5,363 SH   DFND   0 0 5,363
WISDOMTREE TR INDIA ERNGS FD 97717W422 270 12,500 SH   DFND   0 0 12,500
WISDOMTREE TR INTL EQUITY FD 97717W703 383 8,140 SH   DFND   0 0 8,140
WISDOMTREE TR JAPN HEDGE EQT 97717W851 2,065 48,129 SH   DFND   0 0 48,129
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 572 10,646 SH   DFND   0 0 10,646
WISDOMTREE TR INDIA ERNGS FD 97717W422 1,023 47,300 SH   SOLE   0 0 47,300
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 2,961 55,095 SH   SOLE   0 0 55,095
WOLVERINE WORLD WIDE INC COM 978097103 6 260 SH   DFND   0 0 260
WORLD ACCEP CORP DEL COM 981419104 9 190 SH   DFND   0 0 190
WORLD FUEL SVCS CORP COM 981475106 8 170 SH   DFND   0 0 170
WORTHINGTON INDS INC COM 981811102 12 260 SH   DFND   0 0 260
XEROX CORP COM 984121103 91 8,980 SH   DFND   0 0 8,980
XILINX INC COM 983919101 40 730 SH   DFND   0 0 730
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 356 19,570 SH   DFND   0 0 19,570
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 3,339 183,247 SH   DFND 1 128,647 0 54,600
YUM BRANDS INC COM 988498101 51 560 SH   DFND   0 0 560
ZUMIEZ INC COM 989817101 7 370 SH   DFND   0 0 370