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 298 3,142 SH   DFND 1 2 3 3,142 0 0
3M CO COM 88579Y101 573 6,042 SH   SOLE   6,042 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 1,402 23,200 SH   SOLE   23,200 0 0
ACE LTD SHS H0023R105 1,435 21,800 SH   SOLE   21,800 0 0
ADECOAGRO S A COM L00849106 116 10,400 SH   DFND   10,400 0 0
ADOBE SYS INC COM 00724F101 375 11,914 SH   SOLE   11,914 0 0
AFLAC INC COM 001055102 1,171 25,076 SH   SOLE   25,076 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 431 9,169 SH   SOLE   9,169 0 0
AMAZON COM INC COM 023135106 419 2,049 SH   SOLE   2,049 0 0
AMAZON COM INC COM 023135106 198 969 SH   DFND 1 2 3 969 0 0
AMDOCS LTD ORD G02602103 697 22,946 SH   SOLE   22,946 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 240 8,900 SH   DFND   8,900 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 1,224 45,436 SH   SOLE   45,436 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 326 12,087 SH   DFND 1 2 3 12,087 0 0
AMERICAN EXPRESS CO COM 025816109 167 3,227 SH   DFND 1 2 3 3,227 0 0
AMERICAN EXPRESS CO COM 025816109 317 6,127 SH   SOLE   6,127 0 0
AMPHENOL CORP NEW CL A 032095101 454 8,415 SH   SOLE   8,415 0 0
ANADARKO PETE CORP COM 032511107 1,566 20,400 SH   SOLE   20,400 0 0
ANALOG DEVICES INC COM 032654105 1,198 30,600 SH   SOLE   30,600 0 0
AON CORP COM 037389103 715 13,932 SH   SOLE   13,932 0 0
APPLE INC COM 037833100 108,938 324,540 SH   DFND 1 2 3 324,540 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 332 11,000 SH   SOLE   11,000 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 492 23,335 SH   DFND 1 2 3 23,335 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 611 28,975 SH   SOLE   28,975 0 0
ASML HOLDING N V NY REG SHS N07059186 503 13,602 SH   SOLE   13,602 0 0
AT&T INC COM 00206R102 109 3,469 SH   DFND 1 2 3 3,469 0 0
AT&T INC COM 00206R102 4,298 136,844 SH   SOLE   136,844 0 0
ATMEL CORP COM 049513104 556 39,503 SH   SOLE   39,503 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 1,265 24,015 SH   SOLE   24,015 0 0
AVNET INC COM 053807103 749 23,500 SH   SOLE   23,500 0 0
BAIDU INC SPON ADR REP A 056752108 88,519 631,693 SH   SOLE   631,693 0 0
BAIDU INC SPON ADR REP A 056752108 93,595 667,916 SH   DFND 1 667,916 0 0
BAIDU INC SPON ADR REP A 056752108 1,882 13,428 SH   DFND 1 2 3 13,428 0 0
BAKER HUGHES INC COM 057224107 2,877 39,645 SH   SOLE   39,645 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 1,692 90,835 SH   DFND 1 2 3 90,835 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 3,002 161,169 SH   SOLE   161,169 0 0
BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 472 40,290 SH   SOLE   40,290 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 388 10,730 SH   SOLE   10,730 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 307 8,490 SH   DFND 1 2 3 8,490 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 1,006 15,077 SH   SOLE   15,077 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 745 11,157 SH   DFND 1 2 3 11,157 0 0
BANK OF AMERICA CORPORATION COM 060505104 34,314 3,130,830 SH   DFND 1 2 3 3,130,830 0 0
BARCLAYS BK PLC ETN DJUBS COPR37 06739F101 1,122 20,000 SH   SOLE   20,000 0 0
BARCLAYS BK PLC IPATH S&P MT ETN 06740C519 516 10,244 SH   DFND 1 10,244 0 0
BARCLAYS BK PLC IPTH S&P VIX NEW 06740C261 268 3,164 SH   DFND 1 3,164 0 0
BARRICK GOLD CORP COM 067901108 670 14,800 SH   SOLE   14,800 0 0
BB&T CORP COM 054937107 1,009 37,600 SH   SOLE   37,600 0 0
BED BATH & BEYOND INC COM 075896100 560 9,592 SH   SOLE   9,592 0 0
BOEING CO COM 097023105 441 5,960 SH   SOLE   5,960 0 0
BOEING CO COM 097023105 226 3,060 SH   DFND 1 2 3 3,060 0 0
BRF-BRASIL FOODS S A SPONSORED ADR 10552T107 1,730 99,803 SH   DFND 1 2 3 99,803 0 0
BRF-BRASIL FOODS S A SPONSORED ADR 10552T107 2,681 154,715 SH   SOLE   154,715 0 0
BUNGE LIMITED COM G16962105 345 5,000 SH   SOLE   5,000 0 0
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 1,187 15,062 SH   SOLE   15,062 0 0
CARDINAL HEALTH INC COM 14149Y108 1,376 30,300 SH   SOLE   30,300 0 0
CATERPILLAR INC DEL COM 149123101 754 7,085 SH   SOLE   7,085 0 0
CATERPILLAR INC DEL COM 149123101 446 4,185 SH   DFND 1 2 3 4,185 0 0
CBS CORP NEW CL B 124857202 991 34,801 SH   SOLE   34,801 0 0
CELGENE CORP COM 151020104 848 14,056 SH   SOLE   14,056 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 129 16,240 SH   SOLE   16,240 0 0
CENTRAIS ELETRICAS BRASILEIR SPON ADR PFD B 15234Q108 520 30,339 SH   SOLE   30,339 0 0
CENTRAIS ELETRICAS BRASILEIR SPON ADR PFD B 15234Q108 269 15,679 SH   DFND 1 2 3 15,679 0 0
CENTRAIS ELETRICAS BRASILEIR SPONSORED ADR 15234Q207 417 30,868 SH   SOLE   30,868 0 0
CENTRAIS ELETRICAS BRASILEIR SPONSORED ADR 15234Q207 270 19,978 SH   DFND 1 2 3 19,978 0 0
CHEVRON CORP NEW COM 166764100 315 3,059 SH   DFND 1 2 3 3,059 0 0
CHEVRON CORP NEW COM 166764100 4,333 42,134 SH   SOLE   42,134 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 368 7,097 SH   SOLE   7,097 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 983 21,009 SH   SOLE   21,009 0 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 343 4,395 SH   SOLE   4,395 0 0
CHINA TELECOM CORP LTD SPON ADR H SHS 169426103 221 3,377 SH   SOLE   3,377 0 0
CHINA UNICOM (HONG KONG) LTD SPONSORED ADR 16945R104 271 13,385 SH   SOLE   13,385 0 0
CHUBB CORP COM 171232101 909 14,525 SH   SOLE   14,525 0 0
CISCO SYS INC COM 17275R102 48 3,063 SH   DFND 1 2 3 3,063 0 0
CISCO SYS INC COM 17275R102 1,783 114,245 SH   SOLE   114,245 0 0
CITIGROUP INC COM NEW 172967424 35,250 846,544 SH   DFND 1 2 3 846,544 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG BRIC ETF 18383M100 212 4,637 SH   SOLE   4,637 0 0
CNOOC LTD SPONSORED ADR 126132109 1,014 4,297 SH   SOLE   4,297 0 0
COACH INC COM 189754104 52,227 816,941 SH   DFND 1 2 3 816,941 0 0
COCA COLA CO COM 191216100 160 4,764 SH   DFND 1 2 3 4,764 0 0
COCA COLA CO COM 191216100 258 7,664 SH   SOLE   7,664 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 21,444 292,395 SH   DFND 1 292,395 0 0
COLGATE PALMOLIVE CO COM 194162103 329 7,531 SH   SOLE   7,531 0 0
COMCAST CORP NEW CL A 20030N101 2,060 81,285 SH   SOLE   81,285 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 1,006 21,427 SH   DFND 1 2 3 21,427 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 1,511 32,177 SH   SOLE   32,177 0 0
COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 6,413 190,136 SH   SOLE   190,136 0 0
COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 4,574 135,615 SH   DFND 1 2 3 135,615 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 17 1,190 SH   DFND 1 1,190 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 631 43,107 SH   DFND 1 2 3 43,107 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 1,196 81,751 SH   SOLE   81,751 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 459 36,803 SH   DFND 1 2 3 36,803 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 1,191 95,605 SH   SOLE   95,605 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 266 7,000 SH   SOLE   7,000 0 0
COOPER INDUSTRIES PLC SHS G24140108 1,144 19,175 SH   SOLE   19,175 0 0
COSAN LTD SHS A G25343107 82 6,700 SH   SOLE   6,700 0 0
COSAN LTD SHS A G25343107 572 46,520 SH   DFND 1 2 3 46,520 0 0
COVIDIEN PLC SHS G2554F113 419 8,661 SH   SOLE   8,661 0 0
CROWN CASTLE INTL CORP COM 228227104 718 17,595 SH   SOLE   17,595 0 0
CROWN HOLDINGS INC COM 228368106 1,004 25,875 SH   SOLE   25,875 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 16,868 391,541 SH   DFND 1 391,541 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 17,572 407,882 SH   SOLE   407,882 0 0
CURRENCYSHARES SWISS FRANC T SWISS FRANC SH 23129V109 489 4,153 SH   DFND 1 4,153 0 0
CURRENCYSHS JAPANESE YEN TR JAPANESE YEN 23130A102 497 4,060 SH   DFND 1 4,060 0 0
CVS CAREMARK CORPORATION COM 126650100 1,046 27,825 SH   SOLE   27,825 0 0
DANAHER CORP DEL COM 235851102 1,096 20,680 SH   SOLE   20,680 0 0
DAVITA INC COM 23918K108 572 6,610 SH   SOLE   6,610 0 0
DEERE & CO COM 244199105 969 11,750 SH   SOLE   11,750 0 0
DISNEY WALT CO COM DISNEY 254687106 1,007 25,785 SH   SOLE   25,785 0 0
DISNEY WALT CO COM DISNEY 254687106 318 8,157 SH   DFND 1 2 3 8,157 0 0
DOMINION RES INC VA NEW COM 25746U109 1,224 25,350 SH   SOLE   25,350 0 0
DOVER CORP COM 260003108 586 8,650 SH   SOLE   8,650 0 0
DOW CHEM CO COM 260543103 1,013 28,125 SH   SOLE   28,125 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 111 2,055 SH   DFND 1 2 3 2,055 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 268 4,955 SH   SOLE   4,955 0 0
DUKE REALTY CORP COM NEW 264411505 580 41,425 SH   SOLE   41,425 0 0
E M C CORP MASS COM 268648102 23,713 860,717 SH   DFND 1 2 3 860,717 0 0
EBAY INC COM 278642103 2,132 66,053 SH   SOLE   66,053 0 0
ECOPETROL S A SPONSORED ADS 279158109 1,193 27,111 SH   SOLE   27,111 0 0
ECOPETROL S A SPONSORED ADS 279158109 808 18,351 SH   DFND 1 2 3 18,351 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 679 22,073 SH   SOLE   22,073 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 420 13,656 SH   DFND 1 2 3 13,656 0 0
EMPRESA NACIONAL DE ELCTRCID SPONSORED ADR 29244T101 720 12,604 SH   DFND 1 2 3 12,604 0 0
EMPRESA NACIONAL DE ELCTRCID SPONSORED ADR 29244T101 1,092 19,127 SH   SOLE   19,127 0 0
ENDO PHARMACEUTICALS HLDGS I COM 29264F205 557 13,862 SH   SOLE   13,862 0 0
ENERSIS S A SPONSORED ADR 29274F104 1,269 55,103 SH   SOLE   55,103 0 0
ENERSIS S A SPONSORED ADR 29274F104 916 39,765 SH   DFND 1 2 3 39,765 0 0
EXELON CORP COM 30161N101 977 22,800 SH   SOLE   22,800 0 0
EXPRESS SCRIPTS INC COM 302182100 518 9,589 SH   SOLE   9,589 0 0
EXXON MOBIL CORP COM 30231G102 4,894 60,134 SH   SOLE   60,134 0 0
EXXON MOBIL CORP COM 30231G102 229 2,809 SH   DFND 1 2 3 2,809 0 0
FASTENAL CO COM 311900104 279 7,749 SH   SOLE   7,749 0 0
FEDEX CORP COM 31428X106 1,174 12,375 SH   SOLE   12,375 0 0
FIRST SOLAR INC COM 336433107 335 2,536 SH   SOLE   2,536 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 1,972 29,652 SH   SOLE   29,652 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 1,534 23,065 SH   DFND 1 2 3 23,065 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 3,805 275,960 SH   SOLE   275,960 0 0
GAFISA S A SPONS ADR 362607301 458 48,450 SH   DFND 1 2 3 48,450 0 0
GAFISA S A SPONS ADR 362607301 60 6,348 SH   SOLE   6,348 0 0
GARTNER INC COM 366651107 531 13,189 SH   SOLE   13,189 0 0
GENERAL DYNAMICS CORP COM 369550108 760 10,200 SH   SOLE   10,200 0 0
GENERAL ELECTRIC CO COM 369604103 58 3,055 SH   DFND 1 2 3 3,055 0 0
GENERAL ELECTRIC CO COM 369604103 1,588 84,180 SH   SOLE   84,180 0 0
GERDAU S A SPONSORED ADR 373737105 1,018 96,750 SH   SOLE   96,750 0 0
GERDAU S A SPONSORED ADR 373737105 305 28,960 SH   DFND 1 2 3 28,960 0 0
GLOBAL X FDS CHINA FINL ETF 37950E606 194 14,500 SH   SOLE   14,500 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 639 4,800 SH   SOLE   4,800 0 0
GOOGLE INC CL A 38259P508 51,232 101,174 SH   DFND 1 2 3 101,174 0 0
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 4,264 314,902 SH   DFND   314,902 0 0
GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 706 28,699 SH   DFND 1 2 3 28,699 0 0
GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 1,139 46,313 SH   SOLE   46,313 0 0
HALLIBURTON CO COM 406216101 523 10,249 SH   SOLE   10,249 0 0
HANSEN NAT CORP COM 411310105 272 6,729 SH   SOLE   6,729 0 0
HARRY WINSTON DIAMOND CORP COM 41587B100 173 10,382 SH   DFND 1 2 3 10,382 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 815 30,925 SH   SOLE   30,925 0 0
HELMERICH & PAYNE INC COM 423452101 917 13,864 SH   SOLE   13,864 0 0
HEWLETT PACKARD CO COM 428236103 220 6,038 SH   SOLE   6,038 0 0
HEWLETT PACKARD CO COM 428236103 114 3,138 SH   DFND 1 2 3 3,138 0 0
HOME DEPOT INC COM 437076102 111 3,059 SH   DFND 1 2 3 3,059 0 0
HOME DEPOT INC COM 437076102 216 5,959 SH   SOLE   5,959 0 0
HONDA MOTOR LTD AMERN SHS 438128308 693 17,939 SH   SOLE   17,939 0 0
HONEYWELL INTL INC COM 438516106 773 12,975 SH   SOLE   12,975 0 0
ICICI BK LTD ADR 45104G104 573 11,618 SH   DFND 1 11,618 0 0
ICICI BK LTD ADR 45104G104 698 14,157 SH   SOLE   14,157 0 0
INCYTE CORP COM 45337C102 743 39,206 SH   SOLE   39,206 0 0
INFOSYS TECHNOLOGIES LTD SPONSORED ADR 456788108 937 14,368 SH   DFND 1 14,368 0 0
INFOSYS TECHNOLOGIES LTD SPONSORED ADR 456788108 952 14,594 SH   SOLE   14,594 0 0
INTEL CORP COM 458140100 1,081 48,799 SH   SOLE   48,799 0 0
INTEL CORP COM 458140100 68 3,059 SH   DFND 1 2 3 3,059 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 4,292 25,017 SH   SOLE   25,017 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 505 2,942 SH   DFND 1 2 3 2,942 0 0
INTERNATIONAL GAME TECHNOLOG COM 459902102 580 33,015 SH   SOLE   33,015 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 277 20,100 SH   DFND   20,100 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 560 40,715 SH   DFND 1 2 3 40,715 0 0
ISHARES GOLD TRUST ISHARES 464285105 1,130 77,200 SH   SOLE   77,200 0 0
ISHARES INC MSCI TAIWAN 464286731 13,512 890,100 SH   SOLE   890,100 0 0
ISHARES TR FTSE CHINA25 IDX 464287184 1,289 30,000 SH   SOLE   30,000 0 0
ISHARES TR RUSSELL 1000 464287622 255 3,449 SH   SOLE   3,449 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 2,610 121,920 SH   DFND 1 2 3 121,920 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 3,335 155,786 SH   SOLE   155,786 0 0
JARDEN CORP COM 471109108 344 14,972 SH   SOLE   14,972 0 0
JOHNSON & JOHNSON COM 478160104 197 2,967 SH   DFND 1 2 3 2,967 0 0
JOHNSON & JOHNSON COM 478160104 2,878 43,267 SH   SOLE   43,267 0 0
JOHNSON CTLS INC COM 478366107 51,406 1,233,932 SH   DFND 1 2 3 1,233,932 0 0
JONES LANG LASALLE INC COM 48020Q107 1,094 11,598 SH   SOLE   11,598 0 0
JPMORGAN CHASE & CO COM 46625H100 4,697 114,732 SH   SOLE   114,732 0 0
JPMORGAN CHASE & CO COM 46625H100 127 3,095 SH   DFND 1 2 3 3,095 0 0
JUNIPER NETWORKS INC COM 48203R104 1,260 40,000 SH   SOLE   40,000 0 0
KINDER MORGAN MANAGEMENT LLC SHS 49455U100 704 12,197 SH   SOLE   12,197 0 0
LAN AIRLINES S A SPONSORED ADR 501723100 977 34,247 SH   SOLE   34,247 0 0
LAN AIRLINES S A SPONSORED ADR 501723100 721 25,287 SH   DFND 1 2 3 25,287 0 0
LAS VEGAS SANDS CORP COM 517834107 331 7,830 SH   DFND 1 2 3 7,830 0 0
LILLY ELI & CO COM 532457108 2,077 55,350 SH   SOLE   55,350 0 0
LIMITED BRANDS INC COM 532716107 705 18,340 SH   SOLE   18,340 0 0
LOWES COS INC COM 548661107 1,103 47,300 SH   SOLE   47,300 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 444 11,539 SH   SOLE   11,539 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 502 9,200 SH   SOLE   9,200 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 2,334 60,560 SH   SOLE   60,560 0 0
MARRIOTT INTL INC NEW CL A 571903202 445 13,304 SH   SOLE   13,304 0 0
MASTERCARD INC CL A 57636Q104 48,204 159,965 SH   DFND 1 2 3 159,965 0 0
MATTEL INC COM 577081102 611 22,210 SH   SOLE   22,210 0 0
MCDONALDS CORP COM 580135101 502 5,959 SH   SOLE   5,959 0 0
MCDONALDS CORP COM 580135101 258 3,059 SH   DFND 1 2 3 3,059 0 0
MECHEL OAO SPONSORED ADR 583840103 3,448 144,337 SH   DFND 1 2 3 144,337 0 0
MECHEL OAO SPONSORED ADR 583840103 9,566 400,399 SH   SOLE   400,399 0 0
MEDCO HEALTH SOLUTIONS INC COM 58405U102 638 11,292 SH   SOLE   11,292 0 0
MEDTRONIC INC COM 585055106 1,620 42,050 SH   SOLE   42,050 0 0
MERCK & CO INC NEW COM 58933Y105 108 3,060 SH   DFND 1 2 3 3,060 0 0
MERCK & CO INC NEW COM 58933Y105 2,809 79,585 SH   SOLE   79,585 0 0
METLIFE INC COM 59156R108 1,817 41,425 SH   SOLE   41,425 0 0
MICROSOFT CORP COM 594918104 3,433 132,031 SH   SOLE   132,031 0 0
MICROSOFT CORP COM 594918104 82 3,171 SH   DFND 1 2 3 3,171 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 7,318 384,755 SH   SOLE   384,755 0 0
MORGAN STANLEY COM NEW 617446448 1,004 43,654 SH   SOLE   43,654 0 0
MYLAN INC COM 628530107 766 31,052 SH   SOLE   31,052 0 0
NETFLIX INC COM 64110L106 524 1,994 SH   SOLE   1,994 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 18,429 659,826 SH   DFND 1 2 3 669,288 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 9,750 349,089 SH   DFND 1 349,089 0 0
NEWS CORP CL A 65248E104 2,365 151,295 SH   SOLE   151,295 0 0
NEXTERA ENERGY INC COM 65339F101 345 6,000 SH   SOLE   6,000 0 0
NIKE INC CL B 654106103 304 6,762 SH   SOLE   6,762 0 0
NOKIA CORP SPONSORED ADR 654902204 227 35,400 SH   SOLE   35,400 0 0
NORDSTROM INC COM 655664100 575 12,252 SH   SOLE   12,252 0 0
NORTHROP GRUMMAN CORP COM 666807102 1,071 15,450 SH   SOLE   15,450 0 0
NRG ENERGY INC COM NEW 629377508 1,004 40,833 SH   SOLE   40,833 0 0
NVR INC COM 62944T105 1,185 1,633 SH   SOLE   1,633 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 2,128 20,453 SH   SOLE   20,453 0 0
ON SEMICONDUCTOR CORP COM 682189105 693 66,153 SH   SOLE   66,153 0 0
ORACLE CORP COM 68389X105 1,107 33,647 SH   SOLE   33,647 0 0
OWENS CORNING NEW COM 690742101 1,083 29,000 SH   SOLE   29,000 0 0
OWENS ILL INC COM NEW 690768403 694 26,900 SH   SOLE   26,900 0 0
PENNEY J C INC COM 708160106 321 9,300 SH   SOLE   9,300 0 0
PENTAIR INC COM 709631105 995 24,651 SH   SOLE   24,651 0 0
PEPSICO INC COM 713448108 2,113 30,000 SH   SOLE   30,000 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 611 4,182 SH   SOLE   4,182 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 6,320 205,998 SH   SOLE   205,998 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 3,409 111,110 SH   DFND 1 2 3 111,110 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 2,936 86,720 SH   DFND 1 2 3 86,720 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 5,635 166,420 SH   SOLE   166,420 0 0
PFIZER INC COM 717081103 147 7,127 SH   DFND 1 2 3 7,127 0 0
PFIZER INC COM 717081103 3,886 188,626 SH   SOLE   188,626 0 0
PG&E CORP COM 69331C108 896 21,325 SH   SOLE   21,325 0 0
PHILIP MORRIS INTL INC COM 718172109 1,988 29,767 SH   SOLE   29,767 0 0
PNC FINL SVCS GROUP INC COM 693475105 1,368 22,947 SH   SOLE   22,947 0 0
POLO RALPH LAUREN CORP CL A 731572103 380 2,862 SH   SOLE   2,862 0 0
PRAXAIR INC COM 74005P104 604 5,575 SH   SOLE   5,575 0 0
PRICE T ROWE GROUP INC COM 74144T108 1,308 21,674 SH   SOLE   21,674 0 0
PRINCIPAL FINL GROUP INC COM 74251V102 489 16,075 SH   SOLE   16,075 0 0
PROCTER & GAMBLE CO COM 742718109 2,279 35,850 SH   SOLE   35,850 0 0
PROCTER & GAMBLE CO COM 742718109 188 2,950 SH   DFND 1 2 3 2,950 0 0
PROSHARES TR PSHS ULSHT 7-10Y 74347R313 778 20,000 SH   SOLE   20,000 0 0
PRUDENTIAL FINL INC COM 744320102 1,041 16,365 SH   SOLE   16,365 0 0
QLIK TECHNOLOGIES INC COM 74733T105 586 17,208 SH   SOLE   17,208 0 0
QUALCOMM INC COM 747525103 1,307 23,015 SH   SOLE   23,015 0 0
RAM ENERGY RESOURCES INC COM 75130P109 179 47,850 SH   SOLE   47,850 0 0
REGENERON PHARMACEUTICALS COM 75886F107 462 8,141 SH   SOLE   8,141 0 0
RIO TINTO PLC SPONSORED ADR 767204100 687 9,500 SH   SOLE   9,500 0 0
RYANAIR HLDGS PLC SPONSORED ADR 783513104 568 19,365 SH   SOLE   19,365 0 0
RYDEX ETF TRUST S&P 500 EQ TRD 78355W106 790 15,600 SH   SOLE   15,600 0 0
SCHLUMBERGER LTD COM 806857108 1,688 19,540 SH   SOLE   19,540 0 0
SCHWAB CHARLES CORP NEW COM 808513105 1,196 72,687 SH   SOLE   72,687 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 1,249 40,000 SH   SOLE   40,000 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 2,487 70,000 SH   SOLE   70,000 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 670 20,000 SH   SOLE   20,000 0 0
SENSATA TECHNOLOGIES HLDG BV SHS N7902X106 814 21,608 SH   SOLE   21,608 0 0
SIEMENS A G SPONSORED ADR 826197501 1,169 8,500 SH   SOLE   8,500 0 0
SINA CORP ORD G81477104 38,508 369,909 SH   DFND 1 2 3 379,758 0 0
SINA CORP ORD G81477104 100,870 968,970 SH   DFND 1 968,970 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 924 14,275 SH   DFND 1 2 3 14,275 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 1,178 18,195 SH   SOLE   18,195 0 0
SOTHEBYS COM 835898107 205 4,707 SH   DFND 1 2 3 4,707 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 1,278 10,319 SH   SOLE   10,319 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 489 3,945 SH   DFND 1 2 3 3,945 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 4,761 32,607 SH   SOLE   32,607 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 903 6,187 SH   DFND 1 6,187 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 782 5,927 SH   SOLE   5,927 0 0
SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 703 11,382 SH   DFND 1 11,382 0 0
SPRINT NEXTEL CORP COM SER 1 852061100 497 92,300 SH   SOLE   92,300 0 0
ST JUDE MED INC COM 790849103 488 10,243 SH   SOLE   10,243 0 0
STAPLES INC COM 855030102 657 41,555 SH   SOLE   41,555 0 0
STARBUCKS CORP COM 855244109 235 5,940 SH   SOLE   5,940 0 0
STARBUCKS CORP COM 855244109 166 4,200 SH   DFND 1 2 3 4,200 0 0
STARWOOD HOTELS&RESORTS WRLD COM 85590A401 40,381 720,569 SH   DFND 1 2 3 720,569 0 0
STERLITE INDS INDIA LTD ADS 859737207 225 14,960 SH   SOLE   14,960 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 1,490 118,124 SH   SOLE   118,124 0 0
TAL ED GROUP ADS REPSTG COM 874080104 1,315 121,215 SH   DFND 1 2 3 121,215 0 0
TAL ED GROUP ADS REPSTG COM 874080104 449 41,400 SH   DFND 1 41,400 0 0
TARGET CORP COM 87612E106 837 17,850 SH   SOLE   17,850 0 0
TATA MTRS LTD SPONSORED ADR 876568502 293 13,006 SH   SOLE   13,006 0 0
TE CONNECTIVITY LTD REG SHS H84989104 524 14,264 SH   SOLE   14,264 0 0
TELE NORTE LESTE PART S A SPON ADR PFD 879246106 673 43,282 SH   SOLE   43,282 0 0
TELE NORTE LESTE PART S A SPON ADR PFD 879246106 399 25,652 SH   DFND 1 2 3 25,652 0 0
TELECOMUNICACOES DE SAO PAUL SPON ADR PFD 87929A102 1,744 58,737 SH   SOLE   58,737 0 0
TELECOMUNICACOES DE SAO PAUL SPON ADR PFD 87929A102 1,227 41,304 SH   DFND 1 2 3 41,304 0 0
TELEFONOS DE MEXICO S A B SPON ADR ORD L 879403780 406 24,617 SH   SOLE   24,617 0 0
TELEFONOS DE MEXICO S A B SPON ADR ORD L 879403780 268 16,217 SH   DFND 1 2 3 16,217 0 0
TELLABS INC COM 879664100 179 38,880 SH   SOLE   38,880 0 0
TERNIUM SA SPON ADR 880890108 8,447 286,037 SH   DFND   286,037 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 715 14,820 SH   SOLE   14,820 0 0
TEXAS INSTRS INC COM 882508104 832 25,350 SH   SOLE   25,350 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 486 7,540 SH   SOLE   7,540 0 0
TIME WARNER CABLE INC COM 88732J207 734 9,409 SH   SOLE   9,409 0 0
TIME WARNER INC COM NEW 887317303 971 26,700 SH   SOLE   26,700 0 0
TRAVELERS COMPANIES INC COM 89417E109 179 3,060 SH   DFND 1 2 3 3,060 0 0
TRAVELERS COMPANIES INC COM 89417E109 348 5,960 SH   SOLE   5,960 0 0
TRINA SOLAR LIMITED SPON ADR 89628E104 279 12,440 SH   SOLE   12,440 0 0
UBS AG SHS NEW H89231338 1,141 62,500 SH   SOLE   62,500 0 0
ULTRA PETROLEUM CORP COM 903914109 1,345 29,375 SH   SOLE   29,375 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP PFD 90400P101 1,010 55,716 SH   DFND 1 2 3 55,716 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP PFD 90400P101 1,494 82,412 SH   SOLE   82,412 0 0
UNILEVER N V N Y SHS NEW 904784709 1,199 36,500 SH   SOLE   36,500 0 0
UNITED CONTL HLDGS INC COM 910047109 833 36,800 SH   SOLE   36,800 0 0
UNITED MICROELECTRONICS CORP SPON ADR NEW 910873405 27 10,380 SH   SOLE   10,380 0 0
UNITED PARCEL SERVICE INC CL B 911312106 2,200 30,171 SH   SOLE   30,171 0 0
UNITED TECHNOLOGIES CORP COM 913017109 528 5,960 SH   SOLE   5,960 0 0
UNITED TECHNOLOGIES CORP COM 913017109 271 3,060 SH   DFND 1 2 3 3,060 0 0
VALE S A ADR 91912E105 16 493 SH   DFND 1 493 0 0
VALE S A ADR 91912E105 1,877 58,754 SH   DFND 1 2 3 58,754 0 0
VALE S A ADR 91912E105 4,124 129,092 SH   SOLE   129,092 0 0
VALE S A ADR REPSTG PFD 91912E204 5,375 185,587 SH   DFND 1 2 3 185,587 0 0
VALE S A ADR REPSTG PFD 91912E204 7,146 246,755 SH   SOLE   246,755 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 494 6,082 SH   DFND 1 6,082 0 0
VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 3,583 73,693 SH   SOLE   73,693 0 0
VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 922042858 180 3,693 SH   DFND 1 3,693 0 0
VERISK ANALYTICS INC CL A 92345Y106 587 16,955 SH   SOLE   16,955 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 215 5,764 SH   SOLE   5,764 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 107 2,864 SH   DFND 1 2 3 2,864 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 685 13,170 SH   SOLE   13,170 0 0
VIRGIN MEDIA INC COM 92769L101 696 23,242 SH   SOLE   23,242 0 0
VISTAPRINT N V SHS N93540107 690 14,423 SH   SOLE   14,423 0 0
WAL MART STORES INC COM 931142103 163 3,060 SH   DFND 1 2 3 3,060 0 0
WAL MART STORES INC COM 931142103 317 5,960 SH   SOLE   5,960 0 0
WASTE MGMT INC DEL COM 94106L109 1,733 46,505 SH   SOLE   46,505 0 0
WATSON PHARMACEUTICALS INC COM 942683103 536 7,803 SH   SOLE   7,803 0 0
WELLS FARGO & CO NEW COM 949746101 3,557 126,766 SH   SOLE   126,766 0 0
WIPRO LTD SPON ADR 1 SH 97651M109 343 29,196 SH   SOLE   29,196 0 0
WISDOMTREE TR DREYFUS CMM FD 97717X859 311 11,200 SH   DFND   11,200 0 0
WISDOMTREE TR EM LCL DEBT FD 97717X867 4,282 80,000 SH   DFND 1 2 3 80,000 0 0
WISDOMTREE TR EM LCL DEBT FD 97717X867 33 622 SH   DFND 1 622 0 0
WISDOMTREE TRUST BRAZILN RL ETF 97717W240 979 33,500 SH   DFND   33,500 0 0
XCEL ENERGY INC COM 98389B100 1,165 47,925 SH   SOLE   47,925 0 0
XILINX INC COM 983919101 698 19,150 SH   SOLE   19,150 0 0
YANDEX N V SHS CLASS A N97284108 725 20,424 SH   DFND 1 2 3 20,424 0 0
YANZHOU COAL MNG CO LTD SPON ADR H SHS 984846105 228 5,920 SH   SOLE   5,920 0 0
YUM BRANDS INC COM 988498101 49,242 891,428 SH   DFND 1 2 3 891,428 0 0