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
3M CO COM 88579Y101 368 5,127 SH   SOLE N/A 5,127 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 769 14,600 SH   SOLE N/A 14,600 0 0
ACE LTD SHS H0023R105 1,121 18,500 SH   SOLE N/A 18,500 0 0
ADECOAGRO S A COM L00849106 94 10,400 SH   DFND   10,400 0 0
ADOBE SYS INC COM 00724F101 368 15,225 SH   SOLE N/A 15,225 0 0
ADVANCED SEMICONDUCTOR ENGR SPONSORED ADR 00756M404 63 17,115 SH   DFND 1 2 3 17,115 0 0
AMAZON COM INC COM 023135106 12,479 57,711 SH   DFND 1 2 3 57,711 0 0
AMDOCS LTD ORD G02602103 584 21,520 SH   SOLE N/A 21,520 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 1,897 85,900 SH   SOLE N/A 85,900 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 929 42,075 SH   DFND 1 2 3 42,075 0 0
AMERICAN EXPRESS CO COM 025816109 275 6,127 SH   SOLE N/A 6,127 0 0
AMERICAN EXPRESS CO COM 025816109 145 3,227 SH   DFND 1 2 3 3,227 0 0
AMPHENOL CORP NEW CL A 032095101 322 7,892 SH   SOLE N/A 7,892 0 0
ANADARKO PETE CORP COM 032511107 1,211 19,200 SH   SOLE N/A 19,200 0 0
ANALOG DEVICES INC COM 032654105 903 28,900 SH   SOLE N/A 28,900 0 0
AON CORP COM 037389103 907 21,607 SH   SOLE N/A 21,607 0 0
APPLE INC COM 037833100 103,082 270,330 SH   DFND 1 2 3 270,330 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 223 9,000 SH   SOLE N/A 9,000 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 708 30,538 SH   SOLE N/A 30,538 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 509 21,935 SH   DFND 1 2 3 21,935 0 0
ASML HOLDING N V NY REG SHS N07059186 441 12,757 SH   SOLE N/A 12,757 0 0
AT&T INC COM 00206R102 3,648 127,913 SH   SOLE N/A 127,913 0 0
AT&T INC COM 00206R102 50 1,738 SH   DFND 1 2 3 1,738 0 0
ATMEL CORP COM 049513104 481 59,574 SH   SOLE N/A 59,574 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 1,071 22,715 SH   SOLE N/A 22,715 0 0
AVERY DENNISON CORP COM 053611109 356 14,200 SH   SOLE N/A 14,200 0 0
AVNET INC COM 053807103 657 25,200 SH   SOLE N/A 25,200 0 0
BAIDU INC SPON ADR REP A 056752108 64,329 601,711 SH   SOLE N/A 601,711 0 0
BAIDU INC SPON ADR REP A 056752108 67,311 629,607 SH   DFND 1 629,607 0 0
BAIDU INC SPON ADR REP A 056752108 1,482 13,864 SH   DFND 1 2 3 13,864 0 0
BAKER HUGHES INC COM 057224107 1,627 35,250 SH   SOLE N/A 35,250 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 1,289 95,899 SH   DFND 1 2 3 95,899 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 2,067 153,730 SH   SOLE N/A 153,730 0 0
BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 35 4,847 SH   DFND 1 2 3 4,847 0 0
BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 300 40,947 SH   SOLE N/A 40,947 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 151 5,344 SH   DFND 1 2 3 5,344 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 203 7,184 SH   SOLE N/A 7,184 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 795 14,271 SH   SOLE N/A 14,271 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 616 11,051 SH   DFND 1 2 3 11,051 0 0
BANK OF AMERICA CORPORATION COM 060505104 579 94,679 SH   SOLE N/A 94,679 0 0
BANK OF AMERICA CORPORATION COM 060505104 21 3,504 SH   DFND 1 2 3 3,504 0 0
BARCLAYS BK PLC IPATH S&P MT ETN 06740C519 1,435 19,608 SH   DFND 1 19,608 0 0
BARRICK GOLD CORP COM 067901108 737 15,800 SH   SOLE N/A 15,800 0 0
BB&T CORP COM 054937107 757 35,500 SH   SOLE N/A 35,500 0 0
BED BATH & BEYOND INC COM 075896100 518 9,033 SH   SOLE N/A 9,033 0 0
BIOMARIN PHARMACEUTICAL INC COM 09061G101 569 17,867 SH   SOLE N/A 17,867 0 0
BLACKROCK INC COM 09247X101 766 5,175 SH   SOLE N/A 5,175 0 0
BOEING CO COM 097023105 185 3,060 SH   DFND 1 2 3 3,060 0 0
BOEING CO COM 097023105 361 5,960 SH   SOLE N/A 5,960 0 0
BRASKEM S A SP ADR PFD A 105532105 48 3,054 SH   SOLE N/A 3,054 0 0
BRASKEM S A SP ADR PFD A 105532105 140 8,987 SH   DFND 1 2 3 8,987 0 0
BRF-BRASIL FOODS S A SPONSORED ADR 10552T107 1,526 87,030 SH   DFND 1 2 3 87,030 0 0
BRF-BRASIL FOODS S A SPONSORED ADR 10552T107 2,290 130,646 SH   SOLE N/A 130,646 0 0
BUNGE LIMITED COM G16962105 262 4,500 SH   SOLE N/A 4,500 0 0
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 969 14,149 SH   SOLE N/A 14,149 0 0
CARDINAL HEALTH INC COM 14149Y108 1,156 27,600 SH   SOLE N/A 27,600 0 0
CATERPILLAR INC DEL COM 149123101 446 6,035 SH   SOLE N/A 6,035 0 0
CATERPILLAR INC DEL COM 149123101 231 3,135 SH   DFND 1 2 3 3,135 0 0
CBS CORP NEW CL B 124857202 665 32,639 SH   SOLE N/A 32,639 0 0
CELGENE CORP COM 151020104 810 13,086 SH   SOLE N/A 13,086 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 8 2,703 SH   DFND 1 2 3 2,703 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 47 16,043 SH   SOLE N/A 16,043 0 0
CENTRAIS ELETRICAS BRASILEIR SPON ADR PFD B 15234Q108 343 29,365 SH   SOLE N/A 29,365 0 0
CENTRAIS ELETRICAS BRASILEIR SPON ADR PFD B 15234Q108 188 16,105 SH   DFND 1 2 3 16,105 0 0
CENTRAIS ELETRICAS BRASILEIR SPONSORED ADR 15234Q207 163 18,620 SH   DFND 1 2 3 18,620 0 0
CENTRAIS ELETRICAS BRASILEIR SPONSORED ADR 15234Q207 259 29,580 SH   SOLE N/A 29,580 0 0
CHEVRON CORP NEW COM 166764100 3,652 39,439 SH   SOLE N/A 39,439 0 0
CHEVRON CORP NEW COM 166764100 228 2,464 SH   DFND 1 2 3 2,464 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 153 4,296 SH   DFND 1 2 3 4,296 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 262 7,367 SH   SOLE N/A 7,367 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 1,073 22,019 SH   SOLE N/A 22,019 0 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 322 4,375 SH   SOLE N/A 4,375 0 0
CHINA TELECOM CORP LTD SPON ADR H SHS 169426103 208 3,357 SH   SOLE N/A 3,357 0 0
CHINA UNICOM (HONG KONG) LTD SPONSORED ADR 16945R104 269 13,165 SH   SOLE N/A 13,165 0 0
CHINA UNICOM (HONG KONG) LTD SPONSORED ADR 16945R104 300 14,716 SH   DFND 1 2 3 14,716 0 0
CHUBB CORP COM 171232101 823 13,725 SH   SOLE N/A 13,725 0 0
CHUNGHWA TELECOM CO LTD SPON ADR NEW11 17133Q502 1 35 SH   SOLE N/A 35 0 0
CHUNGHWA TELECOM CO LTD SPON ADR NEW11 17133Q502 271 8,200 SH   DFND 1 2 3 8,200 0 0
CISCO SYS INC COM 17275R102 47 3,063 SH   DFND 1 2 3 3,063 0 0
CISCO SYS INC COM 17275R102 1,685 108,684 SH   SOLE N/A 108,684 0 0
CNOOC LTD SPONSORED ADR 126132109 168 1,051 SH   DFND 1 2 3 1,051 0 0
CNOOC LTD SPONSORED ADR 126132109 568 3,542 SH   SOLE N/A 3,542 0 0
COACH INC COM 189754104 36,166 697,787 SH   DFND 1 2 3 697,787 0 0
COCA COLA CO COM 191216100 103 3,059 SH   DFND 1 2 3 3,059 0 0
COCA COLA CO COM 191216100 201 5,959 SH   SOLE N/A 5,959 0 0
COLGATE PALMOLIVE CO COM 194162103 292 6,580 SH   SOLE N/A 6,580 0 0
COMCAST CORP NEW CL A 20030N101 2,221 106,172 SH   SOLE N/A 106,172 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 946 30,722 SH   SOLE N/A 30,722 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 811 26,340 SH   DFND 1 2 3 26,340 0 0
COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 3,659 119,381 SH   SOLE N/A 119,381 0 0
COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 2,286 74,574 SH   DFND 1 2 3 74,574 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 15 1,423 SH   DFND 1 1,423 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 726 69,049 SH   SOLE N/A 69,049 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 448 42,600 SH   DFND 1 2 3 42,600 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 308 38,775 SH   DFND 1 2 3 38,775 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 733 92,377 SH   SOLE N/A 92,377 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 44 1,166 SH   DFND 1 2 3 1,166 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 261 6,916 SH   SOLE N/A 6,916 0 0
COOPER INDUSTRIES PLC SHS G24140108 1,069 23,175 SH   SOLE N/A 23,175 0 0
COSAN LTD SHS A G25343107 63 6,700 SH   SOLE N/A 6,700 0 0
COSAN LTD SHS A G25343107 526 55,566 SH   DFND 1 2 3 55,566 0 0
COVIDIEN PLC SHS G2554F113 465 11,587 SH   SOLE N/A 11,587 0 0
CROWN CASTLE INTL CORP COM 228227104 671 16,502 SH   SOLE N/A 16,502 0 0
CROWN HOLDINGS INC COM 228368106 743 24,268 SH   SOLE N/A 24,268 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 629 19,560 SH   DFND 1 19,560 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 1,152 35,831 SH   SOLE N/A 35,831 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 104 3,247 SH   DFND 1 2 3 3,247 0 0
CURRENCYSHARES SWISS FRANC T SWISS FRANC SH 23129V109 654 6,000 SH   SOLE N/A 6,000 0 0
CURRENCYSHS JAPANESE YEN TR JAPANESE YEN 23130A102 436 3,409 SH   DFND 1 3,409 0 0
CVS CAREMARK CORPORATION COM 126650100 881 26,225 SH   SOLE N/A 26,225 0 0
DANAHER CORP DEL COM 235851102 738 17,603 SH   SOLE N/A 17,603 0 0
DAVITA INC COM 23918K108 336 5,360 SH   SOLE N/A 5,360 0 0
DEERE & CO COM 244199105 713 11,050 SH   SOLE N/A 11,050 0 0
DIREXION SHS ETF TR DLY EMRGMKT BULL 25459W300 7,770 350,000 SH   SOLE N/A 350,000 0 0
DIREXION SHS ETF TR DLY EM BR3X NEW 25459Y686 820 5,000 SH   SOLE N/A 5,000 0 0
DISNEY WALT CO COM DISNEY 254687106 1,369 45,376 SH   SOLE N/A 45,376 0 0
DISNEY WALT CO COM DISNEY 254687106 92 3,063 SH   DFND 1 2 3 3,063 0 0
DOMINION RES INC VA NEW COM 25746U109 1,216 23,950 SH   SOLE N/A 23,950 0 0
DOVER CORP COM 260003108 626 13,426 SH   SOLE N/A 13,426 0 0
DOW CHEM CO COM 260543103 717 31,925 SH   SOLE N/A 31,925 0 0
DR REDDYS LABS LTD ADR 256135203 125 4,198 SH   DFND 1 2 3 4,198 0 0
DR REDDYS LABS LTD ADR 256135203 113 3,803 SH   SOLE N/A 3,803 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 198 4,955 SH   SOLE N/A 4,955 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 82 2,055 SH   DFND 1 2 3 2,055 0 0
E M C CORP MASS COM 268648102 33,207 1,582,026 SH   DFND 1 2 3 1,582,026 0 0
EBAY INC COM 278642103 1,812 61,439 SH   SOLE N/A 61,439 0 0
ECOPETROL S A SPONSORED ADS 279158109 1,034 25,662 SH   SOLE N/A 25,662 0 0
ECOPETROL S A SPONSORED ADS 279158109 745 18,502 SH   DFND 1 2 3 18,502 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 537 21,174 SH   SOLE N/A 21,174 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 344 13,567 SH   DFND 1 2 3 13,567 0 0
EMPRESA NACIONAL DE ELCTRCID SPONSORED ADR 29244T101 701 16,173 SH   SOLE N/A 16,173 0 0
EMPRESA NACIONAL DE ELCTRCID SPONSORED ADR 29244T101 541 12,493 SH   DFND 1 2 3 12,493 0 0
ENDO PHARMACEUTICALS HLDGS I COM 29264F205 384 13,727 SH   SOLE N/A 13,727 0 0
ENERSIS S A SPONSORED ADR 29274F104 451 26,757 SH   DFND 1 2 3 26,757 0 0
ENERSIS S A SPONSORED ADR 29274F104 594 35,267 SH   SOLE N/A 35,267 0 0
EXELON CORP COM 30161N101 916 21,500 SH   SOLE N/A 21,500 0 0
EXPRESS SCRIPTS INC COM 302182100 946 25,507 SH   SOLE N/A 25,507 0 0
EXXON MOBIL CORP COM 30231G102 204 2,809 SH   DFND 1 2 3 2,809 0 0
EXXON MOBIL CORP COM 30231G102 4,142 57,034 SH   SOLE N/A 57,034 0 0
FASTENAL CO COM 311900104 815 24,482 SH   SOLE N/A 24,482 0 0
FEDEX CORP COM 31428X106 722 10,675 SH   SOLE N/A 10,675 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 1,374 21,199 SH   SOLE N/A 21,199 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 1,025 15,812 SH   DFND 1 2 3 15,812 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1,389 143,688 SH   SOLE N/A 143,688 0 0
GAFISA S A SPONS ADR 362607301 39 6,678 SH   SOLE N/A 6,678 0 0
GAFISA S A SPONS ADR 362607301 407 70,511 SH   DFND 1 2 3 70,511 0 0
GARTNER INC COM 366651107 431 12,370 SH   SOLE N/A 12,370 0 0
GENERAL DYNAMICS CORP COM 369550108 660 11,600 SH   SOLE N/A 11,600 0 0
GENERAL ELECTRIC CO COM 369604103 46 3,055 SH   DFND 1 2 3 3,055 0 0
GENERAL ELECTRIC CO COM 369604103 1,085 71,280 SH   SOLE N/A 71,280 0 0
GERDAU S A SPONSORED ADR 373737105 280 39,289 SH   DFND 1 2 3 39,289 0 0
GERDAU S A SPONSORED ADR 373737105 622 87,241 SH   SOLE N/A 87,241 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 425 4,500 SH   SOLE N/A 4,500 0 0
GOOGLE INC CL A 38259P508 36,542 70,950 SH   DFND 1 2 3 70,950 0 0
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 2,573 310,796 SH   DFND   310,796 0 0
GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 543 29,544 SH   DFND 1 2 3 29,544 0 0
GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 810 44,058 SH   SOLE N/A 44,058 0 0
HALLIBURTON CO COM 406216101 530 17,374 SH   SOLE N/A 17,374 0 0
HANSEN NAT CORP COM 411310105 216 4,944 SH   SOLE N/A 4,944 0 0
HARRY WINSTON DIAMOND CORP COM 41587B100 395 38,888 SH   DFND 1 2 3 38,888 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 523 32,425 SH   SOLE N/A 32,425 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 543 18,640 SH   SOLE N/A 18,640 0 0
HELMERICH & PAYNE INC COM 423452101 599 14,761 SH   SOLE N/A 14,761 0 0
HESS CORP COM 42809H107 1,053 20,066 SH   SOLE N/A 20,066 0 0
HEWLETT PACKARD CO COM 428236103 136 6,038 SH   SOLE N/A 6,038 0 0
HEWLETT PACKARD CO COM 428236103 70 3,138 SH   DFND 1 2 3 3,138 0 0
HOME DEPOT INC COM 437076102 101 3,059 SH   DFND 1 2 3 3,059 0 0
HOME DEPOT INC COM 437076102 196 5,959 SH   SOLE N/A 5,959 0 0
HONDA MOTOR LTD AMERN SHS 438128308 430 14,739 SH   SOLE N/A 14,739 0 0
HONEYWELL INTL INC COM 438516106 693 15,775 SH   SOLE N/A 15,775 0 0
ICICI BK LTD ADR 45104G104 128 3,682 SH   DFND 1 2 3 3,682 0 0
ICICI BK LTD ADR 45104G104 286 8,251 SH   DFND 1 8,251 0 0
ICICI BK LTD ADR 45104G104 469 13,507 SH   SOLE N/A 13,507 0 0
INCYTE CORP COM 45337C102 404 28,896 SH   SOLE N/A 28,896 0 0
INFOSYS LTD SPONSORED ADR 456788108 727 14,234 SH   SOLE N/A 14,234 0 0
INFOSYS LTD SPONSORED ADR 456788108 208 4,078 SH   DFND 1 2 3 4,078 0 0
INTEL CORP COM 458140100 65 3,059 SH   DFND 1 2 3 3,059 0 0
INTEL CORP COM 458140100 1,570 73,574 SH   SOLE N/A 73,574 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 3,752 21,457 SH   SOLE N/A 21,457 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 390 2,232 SH   DFND 1 2 3 2,232 0 0
INTERNATIONAL GAME TECHNOLOG COM 459902102 371 25,536 SH   SOLE N/A 25,536 0 0
INTERNATIONAL RECTIFIER CORP COM 460254105 239 12,827 SH   SOLE N/A 12,827 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 175 20,100 SH   DFND   20,100 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 354 40,715 SH   DFND 1 2 3 40,715 0 0
ISHARES GOLD TRUST ISHARES 464285105 2,375 150,000 SH   SOLE N/A 150,000 0 0
ISHARES INC MSCI BRAZIL 464286400 474 9,122 SH   SOLE N/A 9,122 0 0
ISHARES INC MSCI TAIWAN 464286731 8,247 698,273 SH   SOLE N/A 698,273 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 740 25,600 SH   SOLE N/A 25,600 0 0
ISHARES TR HIGH YLD CORP 464288513 1,996 24,100 SH   DFND 1 2 3 24,100 0 0
ISHARES TR MSCI EMERG MKT 464287234 4,913 140,000 SH   SOLE N/A 140,000 0 0
ISHARES TR RUSSELL 1000 464287622 216 3,449 SH   SOLE N/A 3,449 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 1,780 126,136 SH   DFND 1 2 3 126,136 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 2,119 150,162 SH   SOLE N/A 150,162 0 0
JOHNSON & JOHNSON COM 478160104 100 1,576 SH   DFND 1 2 3 1,576 0 0
JOHNSON & JOHNSON COM 478160104 2,578 40,476 SH   SOLE N/A 40,476 0 0
JOHNSON CTLS INC COM 478366107 746 28,275 SH   SOLE N/A 28,275 0 0
JONES LANG LASALLE INC COM 48020Q107 1,062 20,499 SH   SOLE N/A 20,499 0 0
JPMORGAN CHASE & CO COM 46625H100 118 3,918 SH   DFND 1 2 3 3,918 0 0
JPMORGAN CHASE & CO COM 46625H100 3,215 106,737 SH   SOLE N/A 106,737 0 0
KINDER MORGAN MANAGEMENT LLC SHS 49455U100 618 11,748 SH   SOLE N/A 11,748 0 0
LAN AIRLINES S A SPONSORED ADR 501723100 669 32,420 SH   SOLE N/A 32,420 0 0
LAN AIRLINES S A SPONSORED ADR 501723100 517 25,060 SH   DFND 1 2 3 25,060 0 0
LAS VEGAS SANDS CORP COM 517834107 27,553 718,636 SH   DFND 1 2 3 718,636 0 0
LILLY ELI & CO COM 532457108 1,807 48,875 SH   SOLE N/A 48,875 0 0
LIMITED BRANDS INC COM 532716107 625 16,227 SH   SOLE N/A 16,227 0 0
LOWES COS INC COM 548661107 863 44,600 SH   SOLE N/A 44,600 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 470 19,249 SH   SOLE N/A 19,249 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 508 9,200 SH   SOLE N/A 9,200 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 421 16,653 SH   SOLE N/A 16,653 0 0
MARRIOTT INTL INC NEW CL A 571903202 399 15,535 SH   SOLE N/A 15,535 0 0
MASTERCARD INC CL A 57636Q104 35,761 112,755 SH   DFND 1 2 3 112,755 0 0
MATTEL INC COM 577081102 1,136 43,882 SH   SOLE N/A 43,882 0 0
MCDONALDS CORP COM 580135101 269 3,059 SH   DFND 1 2 3 3,059 0 0
MCDONALDS CORP COM 580135101 523 5,959 SH   SOLE N/A 5,959 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 327 4,751 SH   DFND 1 2 3 4,751 0 0
MECHEL OAO SPONSORED ADR 583840103 300 29,415 SH   SOLE N/A 29,415 0 0
MEDTRONIC INC COM 585055106 1,374 41,350 SH   SOLE N/A 41,350 0 0
MERCK & CO INC NEW COM 58933Y105 48 1,476 SH   DFND 1 2 3 1,476 0 0
MERCK & CO INC NEW COM 58933Y105 2,482 75,901 SH   SOLE N/A 75,901 0 0
METLIFE INC COM 59156R108 1,093 39,025 SH   SOLE N/A 39,025 0 0
MGM RESORTS INTERNATIONAL COM 552953101 247 26,555 SH   SOLE N/A 26,555 0 0
MICROSOFT CORP COM 594918104 80 3,212 SH   DFND 1 2 3 3,212 0 0
MICROSOFT CORP COM 594918104 3,412 137,072 SH   SOLE N/A 137,072 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 638 51,905 SH   SOLE N/A 51,905 0 0
MORGAN STANLEY COM NEW 617446448 809 59,915 SH   SOLE N/A 59,915 0 0
MSCI INC CL A 55354G100 558 18,408 SH   SOLE N/A 18,408 0 0
MYLAN INC COM 628530107 551 32,450 SH   SOLE N/A 32,450 0 0
NETFLIX INC COM 64110L106 205 1,806 SH   SOLE N/A 1,806 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 60,963 2,654,012 SH   DFND 1 2 3 2,654,012 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 20,557 894,956 SH   DFND 1 894,956 0 0
NEWS CORP CL A 65248E104 1,010 63,426 SH   SOLE N/A 63,426 0 0
NEXTERA ENERGY INC COM 65339F101 324 6,000 SH   SOLE N/A 6,000 0 0
NIKE INC CL B 654106103 271 6,342 SH   SOLE N/A 6,342 0 0
NORDSTROM INC COM 655664100 525 11,491 SH   SOLE N/A 11,491 0 0
NORTHROP GRUMMAN CORP COM 666807102 446 8,550 SH   SOLE N/A 8,550 0 0
NRG ENERGY INC COM NEW 629377508 825 38,920 SH   SOLE N/A 38,920 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 1,133 15,850 SH   SOLE N/A 15,850 0 0
OMNICOM GROUP INC COM 681919106 378 10,250 SH   SOLE N/A 10,250 0 0
ON SEMICONDUCTOR CORP COM 682189105 445 62,043 SH   SOLE N/A 62,043 0 0
ORACLE CORP COM 68389X105 928 32,291 SH   SOLE N/A 32,291 0 0
OWENS ILL INC COM NEW 690768403 310 20,500 SH   SOLE N/A 20,500 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 190 5,731 SH   DFND 1 2 3 5,731 0 0
P T TELEKOMUNIKASI INDONESIA SPONSORED ADR 715684106 30 902 SH   SOLE N/A 902 0 0
PENNEY J C INC COM 708160106 289 10,800 SH   SOLE N/A 10,800 0 0
PENTAIR INC COM 709631105 305 9,525 SH   SOLE N/A 9,525 0 0
PEPSICO INC COM 713448108 1,585 25,600 SH   SOLE N/A 25,600 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 214 1,778 SH   DFND 1 2 3 1,778 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 510 4,232 SH   SOLE N/A 4,232 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 2,275 109,807 SH   DFND 1 2 3 109,807 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 3,908 188,588 SH   SOLE N/A 188,588 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 3,011 134,134 SH   SOLE N/A 134,134 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 1,947 86,711 SH   DFND 1 2 3 86,711 0 0
PFIZER INC COM 717081103 3,064 173,302 SH   SOLE N/A 173,302 0 0
PFIZER INC COM 717081103 55 3,137 SH   DFND 1 2 3 3,137 0 0
PG&E CORP COM 69331C108 1,132 26,750 SH   SOLE N/A 26,750 0 0
PHARMASSET INC COM 71715N106 570 6,915 SH   SOLE N/A 6,915 0 0
PHILIP MORRIS INTL INC COM 718172109 1,657 26,566 SH   SOLE N/A 26,566 0 0
PNC FINL SVCS GROUP INC COM 693475105 1,201 24,925 SH   SOLE N/A 24,925 0 0
POTASH CORP SASK INC COM 73755L107 20,828 481,897 SH   DFND 1 2 3 481,897 0 0
POWERSHS DB MULTI SECT COMM DB AGRICULT FD 73936B408 225 7,587 SH   DFND 1 7,587 0 0
POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D107 451 20,233 SH   DFND 1 20,233 0 0
PRAXAIR INC COM 74005P104 437 4,675 SH   SOLE N/A 4,675 0 0
PRECISION CASTPARTS CORP COM 740189105 760 4,886 SH   SOLE N/A 4,886 0 0
PRICE T ROWE GROUP INC COM 74144T108 1,122 23,479 SH   SOLE N/A 23,479 0 0
PRINCIPAL FINL GROUP INC COM 74251V102 528 23,275 SH   SOLE N/A 23,275 0 0
PROCTER & GAMBLE CO COM 742718109 2,074 32,822 SH   SOLE N/A 32,822 0 0
PROCTER & GAMBLE CO COM 742718109 102 1,622 SH   DFND 1 2 3 1,622 0 0
PROSHARES TR II ULTRASHRT EURO 74347W882 1,060 55,000 SH   SOLE N/A 55,000 0 0
PRUDENTIAL FINL INC COM 744320102 880 18,773 SH   SOLE N/A 18,773 0 0
QLIK TECHNOLOGIES INC COM 74733T105 349 16,139 SH   SOLE N/A 16,139 0 0
QUALCOMM INC COM 747525103 1,066 21,915 SH   SOLE N/A 21,915 0 0
RIO TINTO PLC SPONSORED ADR 767204100 240 5,450 SH   SOLE N/A 5,450 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 803 13,057 SH   SOLE N/A 13,057 0 0
RYDEX ETF TRUST S&P 500 EQ TRD 78355W106 609 14,700 SH   SOLE N/A 14,700 0 0
SCHLUMBERGER LTD COM 806857108 987 16,521 SH   SOLE N/A 16,521 0 0
SCHWAB CHARLES CORP NEW COM 808513105 819 72,687 SH   SOLE N/A 72,687 0 0
SENSATA TECHNOLOGIES HLDG BV SHS N7902X106 664 25,078 SH   SOLE N/A 25,078 0 0
SIEMENS A G SPONSORED ADR 826197501 718 8,000 SH   SOLE N/A 8,000 0 0
SILICONWARE PRECISION INDS L SPONSD ADR SPL 827084864 144 30,201 SH   DFND 1 2 3 30,201 0 0
SINA CORP ORD G81477104 69,277 967,427 SH   DFND 1 967,427 0 0
SINA CORP ORD G81477104 26,319 367,534 SH   DFND 1 2 3 367,534 0 0
SINA CORP ORD G81477104 92,908 1,297,413 SH   SOLE N/A 1,297,413 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 640 13,383 SH   SOLE N/A 13,383 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 486 10,163 SH   DFND 1 2 3 10,163 0 0
SOUFUN HLDGS LTD ADR 836034108 731 71,840 SH   SOLE N/A 71,840 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 4 38 SH   DFND 1 2 3 38 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 627 5,755 SH   SOLE N/A 5,755 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 859 5,436 SH   DFND 1 5,436 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 5,756 36,416 SH   SOLE N/A 36,416 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 613 5,421 SH   SOLE N/A 5,421 0 0
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 905 15,055 SH   DFND 1 15,055 0 0
SPDR SERIES TRUST BRCLYS YLD ETF 78464A417 1,723 47,600 SH   DFND 1 2 3 47,600 0 0
SPRINT NEXTEL CORP COM SER 1 852061100 151 49,800 SH   SOLE N/A 49,800 0 0
ST JUDE MED INC COM 790849103 356 9,844 SH   SOLE N/A 9,844 0 0
STAPLES INC COM 855030102 522 39,255 SH   SOLE N/A 39,255 0 0
STARBUCKS CORP COM 855244109 19,181 514,371 SH   DFND 1 2 3 514,371 0 0
STERLITE INDS INDIA LTD ADS 859737207 137 14,890 SH   SOLE N/A 14,890 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 1,159 101,390 SH   SOLE N/A 101,390 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 269 23,500 SH   DFND 1 2 3 23,500 0 0
TAL ED GROUP ADS REPSTG COM 874080104 1,022 107,278 SH   DFND 1 2 3 107,278 0 0
TAL ED GROUP ADS REPSTG COM 874080104 485 50,912 SH   DFND 1 50,912 0 0
TARGET CORP COM 87612E106 826 16,850 SH   SOLE N/A 16,850 0 0
TATA MTRS LTD SPONSORED ADR 876568502 200 12,996 SH   SOLE N/A 12,996 0 0
TATA MTRS LTD SPONSORED ADR 876568502 89 5,813 SH   DFND 1 2 3 5,813 0 0
TE CONNECTIVITY LTD REG SHS H84989104 376 13,378 SH   SOLE N/A 13,378 0 0
TELE NORTE LESTE PART S A SPON ADR PFD 879246106 245 25,726 SH   DFND 1 2 3 25,726 0 0
TELE NORTE LESTE PART S A SPON ADR PFD 879246106 396 41,536 SH   SOLE N/A 41,536 0 0
TELECOMUNICACOES DE SAO PAUL SPON ADR PFD 87929A102 1,091 41,262 SH   SOLE N/A 41,262 0 0
TELECOMUNICACOES DE SAO PAUL SPON ADR PFD 87929A102 672 25,389 SH   DFND 1 2 3 25,389 0 0
TELEFONOS DE MEXICO S A B SPON ADR ORD L 879403780 350 23,413 SH   SOLE N/A 23,413 0 0
TELEFONOS DE MEXICO S A B SPON ADR ORD L 879403780 247 16,513 SH   DFND 1 2 3 16,513 0 0
TELLABS INC COM 879664100 156 36,465 SH   SOLE N/A 36,465 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 607 16,320 SH   SOLE N/A 16,320 0 0
TEXAS INSTRS INC COM 882508104 921 34,550 SH   SOLE N/A 34,550 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 383 7,569 SH   SOLE N/A 7,569 0 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 22 933 SH   DFND 1 2 3 933 0 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 227 9,647 SH   SOLE N/A 9,647 0 0
TIME WARNER CABLE INC COM 88732J207 534 8,525 SH   SOLE N/A 8,525 0 0
TIME WARNER INC COM NEW 887317303 848 28,300 SH   SOLE N/A 28,300 0 0
TRAVELERS COMPANIES INC COM 89417E109 290 5,960 SH   SOLE N/A 5,960 0 0
TRAVELERS COMPANIES INC COM 89417E109 149 3,060 SH   DFND 1 2 3 3,060 0 0
TRINA SOLAR LIMITED SPON ADR 89628E104 70 11,440 SH   SOLE N/A 11,440 0 0
UBS AG SHS NEW H89231338 560 49,000 SH   SOLE N/A 49,000 0 0
ULTRA PETROLEUM CORP COM 903914109 767 27,675 SH   SOLE N/A 27,675 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 1,245 78,644 SH   SOLE N/A 78,644 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 866 54,678 SH   DFND 1 2 3 54,678 0 0
UNILEVER N V N Y SHS NEW 904784709 850 27,000 SH   SOLE N/A 27,000 0 0
UNITED CONTL HLDGS INC COM 910047109 1,290 66,573 SH   SOLE N/A 66,573 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,672 26,469 SH   SOLE N/A 26,469 0 0
UNITED STATES OIL FUND LP UNITS 91232N108 430 14,100 SH   SOLE N/A 14,100 0 0
UNITED TECHNOLOGIES CORP COM 913017109 215 3,060 SH   DFND 1 2 3 3,060 0 0
UNITED TECHNOLOGIES CORP COM 913017109 419 5,960 SH   SOLE N/A 5,960 0 0
VALE S A ADR 91912E105 28 1,227 SH   DFND 1 1,227 0 0
VALE S A ADR 91912E105 1,365 59,886 SH   DFND 1 2 3 59,886 0 0
VALE S A ADR 91912E105 2,852 125,078 SH   SOLE N/A 125,078 0 0
VALE S A ADR REPSTG PFD 91912E204 3,980 189,502 SH   DFND 1 2 3 189,502 0 0
VALE S A ADR REPSTG PFD 91912E204 4,999 238,050 SH   SOLE N/A 238,050 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 510 13,729 SH   SOLE N/A 13,729 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 828 9,893 SH   DFND 1 9,893 0 0
VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 5,634 157,245 SH   SOLE N/A 157,245 0 0
VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 618 17,245 SH   DFND 1 17,245 0 0
VERISK ANALYTICS INC CL A 92345Y106 535 15,393 SH   SOLE N/A 15,393 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 48 1,298 SH   DFND 1 2 3 1,298 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 154 4,198 SH   SOLE N/A 4,198 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 571 12,835 SH   SOLE N/A 12,835 0 0
VIRGIN MEDIA INC COM 92769L101 532 21,847 SH   SOLE N/A 21,847 0 0
VISTAPRINT N V SHS N93540107 352 13,037 SH   SOLE N/A 13,037 0 0
WAL MART STORES INC COM 931142103 92 1,777 SH   DFND 1 2 3 1,777 0 0
WAL MART STORES INC COM 931142103 243 4,677 SH   SOLE N/A 4,677 0 0
WASTE MGMT INC DEL COM 94106L109 1,518 46,609 SH   SOLE N/A 46,609 0 0
WELLS FARGO & CO NEW COM 949746101 2,851 118,200 SH   SOLE N/A 118,200 0 0
WHITING PETE CORP NEW COM 966387102 290 8,265 SH   SOLE N/A 8,265 0 0
WIPRO LTD SPON ADR 1 SH 97651M109 236 28,586 SH   SOLE N/A 28,586 0 0
WISDOMTREE TR EM LCL DEBT FD 97717X867 47 971 SH   DFND 1 971 0 0
WISDOMTREE TR EM LCL DEBT FD 97717X867 12,028 250,000 SH   DFND 1 2 3 250,000 0 0
WISDOMTREE TRUST BRAZILN RL ETF 97717W240 1,457 60,700 SH   DFND   60,700 0 0
XCEL ENERGY INC COM 98389B100 1,117 45,225 SH   SOLE N/A 45,225 0 0
YANDEX N V SHS CLASS A N97284108 4,561 222,934 SH   SOLE N/A 222,934 0 0
YANDEX N V SHS CLASS A N97284108 5,216 254,938 SH   DFND 1 2 3 254,938 0 0
YANZHOU COAL MNG CO LTD SPON ADR H SHS 984846105 107 5,070 SH   SOLE N/A 5,070 0 0
YANZHOU COAL MNG CO LTD SPON ADR H SHS 984846105 170 8,056 SH   DFND 1 2 3 8,056 0 0
YUM BRANDS INC COM 988498101 36,144 731,805 SH   DFND 1 2 3 731,805 0 0