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
ISHARES TR MSCI INDIA ETF 46429B598 1,382 46,978 SH   DFND   46,978 0 0
ISHARES INC MSCI HONG KG ETF 464286871 5,282 240,000 SH   DFND   240,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 38,902 367,951 SH   DFND   367,951 0 0
SPDR SERIES TRUST S&P DIVID ETF 78464A763 2,240 26,550 SH   DFND   26,550 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,947 9,000 SH   DFND   9,000 0 0
ISHARES TR MSCI AC ASIA ETF 464288182 3,728 61,600 SH   DFND   61,600 0 0