Technology Select Sector SPDR Fund ETP 81369Y803 17436 407105 SH DFND 407105 0 0 iShares MSCI Canada ETF ETP 464286509 17 800 SH DFND 800 0 0 Materials Select Sector SPDR Fund ETP 81369Y100 4065 93618 SH DFND 93618 0 0 Consumer Discretionary Select Sector SPDR Fund ETP 81369Y407 17473 223553 SH DFND 223553 0 0 Industrial Select Sector SPDR Fund ETP 81369Y704 24740 466708 SH DFND 466708 0 0 Powershares QQQ Trust Series 1 ETP 73935A104 11253 100600 SH DFND 100600 0 0 First Trust Dow Jones Internet Index Fund ETP 33733E302 139177 1865400 SH DFND 1865400 0 0 Alphabet Inc Common Stock 02079K305 4588 6101 SH DFND 6101 0 0 iShares iBoxx $ Investment Grade Corporate Bond ETF ETP 464287242 123558 1083751 SH DFND 1083751 0 0 JPMorgan Chase & Co Common Stock 46625H100 5287 80067 SH DFND 80067 0 0 NICE-Systems Ltd ADR 653656108 88841 1549913 SH DFND 1549913 0 0 Market Vectors Pharmaceutical ETF ETP 57060U217 59119 905200 SH DFND 905200 0 0 Market Vectors Semiconductor ETF ETP 57060U233 3197 60000 SH DFND 60000 0 0 Merck & Co Inc Common Stock 58933Y105 19557 367070 SH DFND 367070 0 0 iShares MSCI Brazil Capped ETF ETP 464286400 63 3050 SH DFND 3050 0 0 iShares MSCI United Kingdom ETF ETP 46434V548 8030 497492 SH DFND 497492 0 0 iShares MSCI Switzerland Capped ETF ETP 464286749 9754 314236 SH DFND 314236 0 0 iShares MSCI Japan ETF ETP 464286848 46106 3804148 SH DFND 3804148 0 0 iShares China Large-Cap ETF ETP 464287184 121566 3444759 SH DFND 3444759 0 0 iShares MSCI Emerging Markets ETF ETP 464287234 89 2769 SH DFND 2769 0 0 iShares Latin America 40 ETF ETP 464287390 1870 87640 SH DFND 87640 0 0 iShares North American Tech-Software ETF ETP 464287515 8066 77700 SH DFND 77700 0 0 iShares Nasdaq Biotechnology ETF ETP 464287556 4090 12090 SH DFND 12090 0 0 iShares MSCI All Country Asia ex Japan ETF ETP 464288182 10083 188786 SH DFND 188786 0 0 iShares iBoxx $ High Yield Corporate Bond ETF ETP 464288513 2852 35398 SH DFND 35398 0 0 iShares U.S. Healthcare Providers ETF ETP 464288828 3556 28600 SH DFND 28600 0 0 Oracle Corp Common Stock 68389X105 5977 163613 SH DFND 163613 0 0 Partner Communications Co Ltd ADR 70211M109 820 187701 SH DFND 187701 0 0 iShares U.S. Medical Devices ETF ETP 464288810 2940 24000 SH DFND 24000 0 0 Pfizer Inc Common Stock 717081103 23015 712988 SH DFND 712988 0 0 TJX Cos Inc/The Common Stock 872540109 42432 598390 SH DFND 598390 0 0 Apple Inc Common Stock 37833100 56888 540449 SH DFND 540449 0 0 SPDR S&P500 ETF Trust ETP 78462F103 48380 235904 SH DFND 235904 0 0 SPDR S&P Regional Banking ETF ETP 78464A698 4133 98600 SH DFND 98600 0 0 SPDR S&P Insurance ETF ETP 78464A789 78100 1123735 SH DFND 1123735 0 0 SPDR S&P Bank ETF ETP 78464A797 110956 3280795 SH DFND 3280795 0 0 SPDR S&P Homebuilders ETF ETP 78464A888 177214 5184715 SH DFND 5184715 0 0 Health Care Select Sector SPDR Fund ETP 81369Y209 25250 350549 SH DFND 350549 0 0 Consumer Staples Select Sector SPDR Fund ETP 81369Y308 23447 464380 SH DFND 464380 0 0 Energy Select Sector SPDR Fund ETP 81369Y506 7969 132116 SH DFND 132116 0 0 Financial Select Sector SPDR Fund ETP 81369Y605 29267 1228169 SH DFND 1228169 0 0 Teva Pharmaceutical Industries Ltd ADR 881624209 267988 4082699 SH DFND 4082699 0 0 Ormat Technologies Inc Common Stock 686688102 59703 1637052 SH DFND 1637052 0 0 LivePerson Inc Common Stock 538146101 11186 1657246 SH DFND 1657246 0 0 Verint Systems Inc Common Stock 92343X100 44616 1100000 SH DFND 1100000 0 0 Visa Inc Common Stock 92826C839 48518 625635 SH DFND 625635 0 0 Wells Fargo & Co Common Stock 949746101 44991 827655 SH DFND 827655 0 0 Western Asset Premier Bond Fund Closed-End Fund 957664105 62 5066 SH DFND 5066 0 0 US Bancorp Common Stock 902973304 44355 1033325 SH DFND 1033325 0 0 Gilead Sciences Inc Common Stock 375558103 19515 192851 SH DFND 192851 0 0 MasterCard Inc Common Stock 57636Q104 44081 452760 SH DFND 452760 0 0 Walt Disney Co/The Common Stock 254687106 44225 418045 SH DFND 418045 0 0 SPDR Barclays High Yield Bond ETF ETP 78464A417 9811 287726 SH DFND 287726 0 0 Vanguard FTSE Emerging Markets ETF ETP 922042858 2508 76679 SH DFND 76679 0 0 Corning Inc Common Stock 219350105 6581 360010 SH DFND 360010 0 0 PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund ETP 72201R817 1309 13192 SH DFND 13192 0 0 iShares Core S&P 500 ETF ETP 464287200 37966 185146 SH DFND 185146 0 0 Vanguard S&P 500 ETF ETP 922908363 728914 3899394 SH DFND 3899394 0 0 PowerShares Fundamental High Yield Corporate Bond Portfolio ETP 73936T557 96 5505 SH DFND 5505 0 0 Market Vectors Retail ETF ETP 57060U225 4275 55000 SH DFND 55000 0 0 Vanguard FTSE Europe ETF ETP 922042874 683 13700 SH DFND 13700 0 0 Blackstone / GSO Strategic Credit Fund Closed-End Fund 09257R101 1256 93185 SH DFND 93185 0 0 HP Inc Common Stock 40434L105 3024 252780 SH DFND 252780 0 0 iShares MSCI Mexico Capped ETF ETP 464286822 3133 62460 SH DFND 62460 0 0 SPDR S&P China ETF ETP 78463X400 55 750 SH DFND 750 0 0 Starbucks Corp Common Stock 855244109 29666 494190 SH DFND 494190 0 0 Vanguard Information Technology ETF ETP 92204A702 20036 185020 SH DFND 185020 0 0 Vanguard Short-Term Corporate Bond ETF ETP 92206C409 6785 85895 SH DFND 85895 0 0 Vanguard Short-Term Government Bond ETF ETP 92206C102 253 4159 SH DFND 4159 0 0 Citigroup Inc Common Stock 172967424 39282 759031 SH DFND 759031 0 0 CVS Health Corp Common Stock 126650100 41588 425364 SH DFND 425364 0 0 Goldman Sachs Group Inc/The Common Stock 38141G104 19449 107910 SH DFND 107910 0 0 iShares U.S. Home Construction ETF ETP 464288752 2737 101000 SH DFND 101000 0 0 Yahoo! Inc Common Stock 984332106 1896 57000 SH DFND 57000 0 0 SPDR Barclays Intermediate Term Corporate Bond ETF ETP 78464A375 1792 53471 SH DFND 53471 0 0 National Oilwell Varco Inc Common Stock 637071101 7916 236370 SH DFND 236370 0 0 OPKO Health Inc Common Stock 68375N103 57566 5728000 SH DFND 5728000 0 0 iShares MSCI Spain Capped ETF ETP 464286764 4876 172465 SH DFND 172465 0 0 PowerShares Senior Loan Portfolio ETP 73936Q769 1305 58272 SH DFND 58272 0 0 Encana Corp Common Stock 292505104 6215 1221054 SH DFND 1221054 0 0 Alphabet Inc Common Stock 02079K107 64080 84440 SH DFND 84440 0 0 Valero Energy Corp Common Stock 91913Y100 2192 31000 SH DFND 31000 0 0 Alibaba Group Holding Ltd ADR 01609W102 19951 245495 SH DFND 245495 0 0 PIMCO 1-3 Year U.S. Treasury Index Exchange-Traded Fund ETP 72201R106 228 4504 SH DFND 4504 0 0 iShares MSCI India ETF ETP 46429B598 225 8180 SH DFND 8180 0 0 Hilton Worldwide Holdings Inc Common Stock 43300A104 17672 825815 SH DFND 825815 0 0 Bristol-Myers Squibb Co Common Stock 110122108 22975 332155 SH DFND 332155 0 0 SPDR Barclays Intermediate Term Treasury ETF ETP 78464A672 162 2685 SH DFND 2685 0 0 ING GROEP NV DBCV 6.000%12/2 456837AE3 19036 18828000 PRN DFND 18828000 0 0 ING GROEP NV DBCV 6.500%12/2 456837AF0 14877 15000000 PRN DFND 15000000 0 0 Facebook Inc Common Stock 30303M102 66857 638800 SH DFND 638800 0 0 Kite Pharma Inc Common Stock 49803L109 6162 100000 SH DFND 100000 0 0 BlackRock Inc Common Stock 09247X101 20799 61080 SH DFND 61080 0 0 United Continental Holdings Inc Common Stock 910047109 2722 47500 SH DFND 47500 0 0 PowerShares KBW Bank Portfolio ETP 73937B746 7270 193400 SH DFND 193400 0 0 PayPal Holdings Inc Common Stock 70450Y103 21822 602810 SH DFND 602810 0 0 Kroger Co/The Common Stock 501044101 41470 991390 SH DFND 991390 0 0 Chicago Bridge & Iron Co NV Common Stock 167250109 11829 303385 SH DFND 303385 0 0 VMware Inc Common Stock 928563402 8181 144610 SH DFND 144610 0 0 Deutsche X-trackers MSCI Europe Hedged Equity ETF ETP 233051853 5597 216507 SH DFND 216507 0 0 WisdomTree Europe Hedged Equity Fund ETP 97717X701 364 6765 SH DFND 6765 0 0 iShares Currency Hedged MSCI Emerging Markets ETF ETP 46434G509 595 29325 SH DFND 29325 0 0 iShares Currency Hedged MSCI Japan ETF ETP 46434V886 5578 193342 SH DFND 193342 0 0 Global X China Consumer ETF ETP 37950E408 3507 275000 SH DFND 275000 0 0 Hewlett Packard Enterprise Co Common Stock 42824C109 3856 252780 SH DFND 252780 0 0 Palo Alto Networks Inc Common Stock 697435105 2431 13800 SH DFND 13800 0 0 NCR Corp Common Stock 62886E108 5151 210600 SH DFND 210600 0 0 KraneShares CSI China Internet ETF ETP 500767306 23902 622020 SH DFND 622020 0 0 Expedia Inc Common Stock 30212P303 10220 82220 SH DFND 82220 0 0 iShares Global Energy ETF ETP 464287341 39524 1410050 SH DFND 1410050 0 0 Guggenheim S&P 500 Equal Weight Consumer Staples ETF ETP 78355W874 5801 50000 SH DFND 50000 0 0 PJT Partners Inc Common Stock 69343T107 39 1374 SH DFND 1374 0 0 McKesson Corp Common Stock 58155Q103 2564 13000 SH DFND 13000 0 0 Guggenheim S&P 500 Top 50 ETF ETP 78355W205 2326 16090 SH DFND 16090 0 0 PowerShares Dynamic Large Cap Growth Portfolio ETP 73935X609 7072 226000 SH DFND 226000 0 0