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
21ST CENTURY FOX COM 90130A101 10,326 301,130 SH   DFND 1,2 301,130 0 0
ABBVIE INC COM 00287Y109 5,822 100,802 SH   DFND 1 100,802 0 0
AGRIUM INC COM 008916108 51,718 580,859 SH   DFND 1 329,169 0 251,690
ALCOA INC COM 013817101 327 20,353 SH   DFND   20,353 0 0
ALIBABA GROUP HOL ADR 01609W102 4,647 52,303 SH   DFND 2 52,303 0 0
ALLIANCE DATA SYS COM 018581108 501 2,016 SH   DFND   2,016 0 0
ALLIANCE HOLDINGS COM 01861G100 204 2,986 SH   DFND   2,986 0 0
AMAZON.COM INC COM 023135106 12,261 38,026 SH   DFND 1,2 38,026 0 0
AMERICA MOVIL SAB ADR 02364W105 15,626 620,076 SH   DFND   620,076 0 0
AMGEN INC COM 031162100 15,027 106,986 SH   DFND 1,2 106,986 0 0
AMPHENOL CORP COM 032095101 13,192 132,109 SH   DFND 1,2 132,109 0 0
ANADARKO PETROLM COM 032511107 10,816 106,628 SH   DFND 1,2 106,628 0 0
ANDERSONS INC COM 034164103 2,716 43,195 SH   DFND   43,195 0 0
APPLE INC COM 037833100 14,133 140,277 SH   DFND 1,2 140,277 0 0
ARCHER-DANIELS COM 039483102 18,797 367,838 SH   DFND   367,838 0 0
BAIDU INC ADS 056752108 54,027 247,570 SH   DFND 1,2 247,570 0 0
BANCO BRADESCO ADR 059460303 522 36,600 SH   DFND   36,600 0 0
BANCO MACRO SA ADR 05961W105 1,243 31,383 SH   DFND   31,383 0 0
BCO SANTANDER ADR 05967A107 205 31,400 SH   DFND   31,400 0 0
BIOMARIN PHARM COM 09061G101 4,508 62,468 SH   DFND 1 62,468 0 0
BLACKROCK COM 09247X101 11,901 36,247 SH   DFND 1,2 36,247 0 0
BRF SA ADR 10552T107 3,933 165,331 SH   DFND   165,331 0 0
BUNGE LIMITED COM G16962105 6,407 76,063 SH   DFND   76,063 0 0
CADENCE DESIGN COM 127387108 10,738 623,938 SH   DFND 1,2 623,938 0 0
CAMECO CORP COM 13321L108 216 12,197 SH   DFND   12,197 0 0
CANADIAN PAC RAIL COM 13645T100 282 1,355 SH   DFND   1,355 0 0
CDN NATURAL RESR COM 136385101 46,663 1,198,520 SH   DFND 1 666,564 0 531,956
CEMEX S.A.B ADR 151290889 9,922 760,870 SH   DFND   760,870 0 0
CF INDUSTRIES COM 125269100 3,044 10,903 SH   DFND   10,903 0 0
CHEVRON CORP COM 166764100 23,559 197,446 SH   DFND 2 197,446 0 0
CHUBB CORP COM 171232101 862 9,459 SH   DFND 2 9,459 0 0
CHURCH & DWIGHT COM 171340102 10,894 155,275 SH   DFND 1,2 155,275 0 0
CISCO SYSTEMS COM 17275R102 2,200 87,413 SH   DFND 2 87,413 0 0
CITIGROUP INC COM 172967424 12,455 240,345 SH   DFND 1,2 240,345 0 0
COGENT COMMUN HLD COM 19239V302 7,864 233,984 SH   DFND 1,2 233,984 0 0
COGNIZANT TECH COM 192446102 7,239 161,682 SH   DFND 1 161,682 0 0
CON-WAY INC COM 205944101 10,029 211,129 SH   DFND 1,2 211,129 0 0
COSAN LTD COM G25343107 4,150 385,700 SH   DFND 1 385,700 0 0
COVANCE INC COM 222816100 9,700 123,258 SH   DFND 1,2 123,258 0 0
CROWN CASTLE INTL COM 228227104 3,671 45,581 SH   DFND 2 45,581 0 0
CSX CORPORATION COM 126408103 272 8,496 SH   DFND   8,496 0 0
CTRIP.COM INTL ADS 22943F100 38,120 671,600 SH   DFND 1,2 671,600 0 0
CUMMINS INC COM 231021106 11,010 83,419 SH   DFND 1,2 83,419 0 0
CVS HEALTH CORP COM 126650100 15,210 191,105 SH   DFND 1,2 191,105 0 0
DARLING INGR INC COM 237266101 5,712 311,776 SH   DFND   311,776 0 0
DIRECTV COM 25490A309 7,213 83,363 SH   DFND 1,2 83,363 0 0
DISCOVER FIN SVCS COM 254709108 14,388 223,452 SH   DFND 1,2 223,452 0 0
DOW CHEMICAL CO COM 260543103 8,395 160,089 SH   DFND   160,089 0 0
DR REDDYS LABS ADS 256135203 4,783 91,014 SH   DFND 1 91,014 0 0
ELDORADO GOLD CO COM 284902103 174 25,769 SH   DFND   25,769 0 0
EMERSON ELECTRIC COM 291011104 338 5,407 SH   DFND   5,407 0 0
EOG RESOURCES COM 26875P101 19,059 192,481 SH   DFND 1,2 192,481 0 0
EXXON MOBIL CORP COM 30231G102 15,414 163,888 SH   DFND 2 163,888 0 0
FIRST MAJESTIC SI COM 32076V103 17,773 2,275,094 SH   DFND 1 696,112 0 1,578,982
FOMENTO ECON MEX ADR 344419106 14,261 154,928 SH   DFND   154,928 0 0
FREEPORT-MCMORAN COM 35671D857 790 24,197 SH   DFND   24,197 0 0
GILEAD SCIENCES COM 375558103 18,651 175,206 SH   DFND 1,2 175,206 0 0
GLOBAL PAYMENTS COM 37940X102 2,251 32,217 SH   DFND 2 32,217 0 0
GOLDCORP INC COM 380956409 7,456 323,750 SH   DFND   323,750 0 0
GOLDMAN SACHS GRP COM 38141G104 284 1,549 SH   DFND   1,549 0 0
GOOGLE INC COM 38259P508 3,725 6,331 SH   DFND 2 6,331 0 0
GOOGLE INC COM 38259P706 11,968 20,729 SH   DFND 1,2 20,729 0 0
GPO TELEVISA ADR 40049J206 10,117 298,605 SH   DFND   298,605 0 0
GRUPO AVAL ACCION ADR 40053W101 4,105 302,968 SH   DFND   302,968 0 0
HAIN CELEST GRP COM 405217100 17,902 174,913 SH   DFND 1,2 174,913 0 0
HDFC BANK LTD ADR 40415F101 8,161 175,200 SH   DFND 1 175,200 0 0
HEWLETT PACKARD COM 428236103 12,061 340,035 SH   DFND 1,2 340,035 0 0
HOME INNS & HOTEL ADR 43713W107 4,517 155,800 SH   DFND 2 155,800 0 0
INGREDION INC COM 457187102 2,218 29,262 SH   DFND   29,262 0 0
INTL FLAVR & FRAG COM 459506101 12,339 128,696 SH   DFND 1,2 128,696 0 0
INTL PAPER CO COM 460146103 251 5,265 SH   DFND   5,265 0 0
ISHARES INC ITR 464286731 917 60,047 SH   DFND 1 60,047 0 0
ISHARES INC ITR 464286772 673 11,123 SH   DFND 1 11,123 0 0
ISHARES INC ITR 464286848 2,280 193,738 SH   DFND 1 193,738 0 0
ISHARES INC UNT 46434V548 671 34,591 SH   DFND 1 34,591 0 0
ISHARES TRUST UNT 464287291 1,456 15,929 SH   DFND 1 15,929 0 0
ISHARES TRUST UNT 464287325 1,337 13,683 SH   DFND 1 13,683 0 0
ISHARES TRUST UNT 464288695 5,287 88,442 SH   DFND 1 88,442 0 0
ISHARES TRUST UNT 464288729 7,930 113,157 SH   DFND 1 113,157 0 0
ISHARES CORE S&P 500 ETF S&P 100 ETF 464287200 16,968 85,359 SH   DFND   12,421 0 72,938
ISHARES MSCI ACWI ETF MSCI ACWI ETF 464288257 952 16,128 SH   DFND   0 0 16,128
iShares MSCI EAFE Index Fund MSCI EAFE ETF 464287465 806 12,561 SH   DFND   0 0 12,561
iShares Russell 1000 Growth ET RUS 1000 GRW ETF 464287614 18,183 197,814 SH   DFND   26,415 0 171,399
iShares Russell 2000 Growth ET RUS 2000 GRW ETF 464287648 16,976 128,831 SH   DFND   17,353 0 111,478
iShares S&P 100 ETF S&P 100 ETF 464287101 16,960 192,182 SH   DFND   28,249 0 163,933
iShares Select Dividend ETF SELECT DIVID ETF 464287168 2,184 29,483 SH   DFND   621 0 28,862
ITAU UNIBANCO HLG ADR 465562106 666 48,015 SH   DFND   48,015 0 0
JP MORGAN CHASE COM 46625H100 5,041 83,683 SH   DFND 2 83,683 0 0
KELLOGG CO COM 487836108 3,036 49,286 SH   DFND 2 49,286 0 0
KINDER MORGAN INC COM 49456B101 21,692 565,774 SH   DFND 1 565,774 0 0
LINCOLN NATIONAL COM 534187109 12,781 238,532 SH   DFND 1,2 238,532 0 0
MCKESSON CORP COM 58155Q103 239 1,228 SH   DFND   1,228 0 0
MELCO CROWN ENTER ADR 585464100 6,235 237,148 SH   DFND 2 237,148 0 0
MERCK & CO INC COM 58933Y105 2,739 46,207 SH   DFND 2 46,207 0 0
METLIFE INC COM 59156R108 12,959 241,230 SH   DFND 1,2 241,230 0 0
MICROSOFT CORP COM 594918104 396 8,549 SH   DFND   8,549 0 0
MINAS BUENAVENTRA ADR 204448104 3,461 298,910 SH   DFND   298,910 0 0
MOBILE TELESYSTEM ADS 607409109 72,606 4,859,820 SH   DFND 1 3,193,211 0 1,666,609
MONSANTO CO COM 61166W101 40,140 356,768 SH   DFND 1,2 356,768 0 0
MOODY'S CORP COM 615369105 277 2,931 SH   DFND   2,931 0 0
MOSAIC CO (THE) COM 61945C103 11,101 249,973 SH   DFND   249,973 0 0
MOUNTAIN PRO DIAM COM 62426E402 124 24,716 SH   DFND   24,716 0 0
NASDAQ OMX GRP COM 631103108 239 5,624 SH   DFND   5,624 0 0
NEVSUN RESOURCES COM 64156L101 210 58,034 SH   DFND   58,034 0 0
NOBLE ENERGY COM 655044105 8,577 125,467 SH   DFND   125,467 0 0
OCCIDENTAL PETRLM COM 674599105 24,451 254,304 SH   DFND 1,2 254,304 0 0
ORACLE CORP COM 68389X105 226 5,909 SH   DFND   5,909 0 0
PARKER-HANNIFIN COM 701094104 275 2,411 SH   DFND   2,411 0 0
PETROLEO BRASIL ADR 71654V101 29,538 1,983,749 SH   DFND 1 1,983,749 0 0
PETROLEO BRASIL ADS 71654V408 15,691 1,105,779 SH   DFND   1,105,779 0 0
PFIZER INC COM 717081103 11,052 373,758 SH   DFND 1,2 373,758 0 0
PLATINUM GR METAL COM 72765Q205 109 122,604 SH   DFND   122,604 0 0
PLUM CREEK TIMBER COM 729251108 3,197 81,949 SH   DFND   81,949 0 0
PNC FINANCIAL COM 693475105 5,112 59,728 SH   DFND 2 59,728 0 0
POLYMET MINING CO COM 731916102 126 116,046 SH   DFND   116,046 0 0
POTASH SASKATCHWN COM 73755L107 3,541 102,449 SH   DFND   102,449 0 0
Powershares H.Y.E.D.A. ETF HI YLD EQ DVDN 73935X302 734 58,708 SH   DFND   1,242 0 57,466
PPG INDUSTRIES COM 693506107 26,143 132,879 SH   DFND 1,2 132,879 0 0
PRAXAIR INC COM 74005P104 253 1,965 SH   DFND   1,965 0 0
PRECISION CASTPRT COM 740189105 12,911 54,506 SH   DFND 1,2 54,506 0 0
PROOFPOINT INC COM 743424103 812 21,853 SH   DFND   21,853 0 0
RANDGOLD RESOURCE ADR 752344309 1,348 19,950 SH   DFND 1 19,950 0 0
SANDERSON FARM COM 800013104 1,558 17,716 SH   DFND   17,716 0 0
SCHLUMBERGER LTD COM 806857108 25,569 251,443 SH   DFND 1,2 251,443 0 0
SELECT SECTOR ITR 81369Y803 178,349 4,469,912 SH   DFND   4,469,912 0 0
SILICON VALLEY COM 78486Q101 11,008 98,209 SH   DFND 1,2 98,209 0 0
SILVER WHEATON CO COM 828336107 13,724 686,543 SH   DFND 1 252,643 0 433,900
SPDR S&P500 TRUST ITR 78462F103 2,447 12,418 SH   DFND 1 12,418 0 0
SPDR S P DIVIDEND ETF S&P DIVID ETF 78464A763 2,205 29,270 SH   DFND   616 0 28,654
STILLWATER MINING COM 86074Q102 2,647 176,098 SH   DFND   176,098 0 0
SUNCOR ENERGY INC COM 867224107 43,769 1,209,803 SH   DFND 1 583,898 0 625,905
SUNGY MOBILE ADR 86737M100 1,575 241,498 SH   DFND 2 241,498 0 0
TAIWAN SEMICONDUC ADS 874039100 63,131 3,128,395 SH   DFND 1 3,128,395 0 0
TAL EDUCATION GRP ADR 874080104 20,409 584,125 SH   DFND 1,2 584,125 0 0
TECK RESOURCES COM 878742204 202 10,647 SH   DFND   10,647 0 0
TENARIS S.A. ADR 88031M109 7,281 159,849 SH   DFND   159,849 0 0
THE PRICELINE GRP COM 741503403 12,086 10,432 SH   DFND 1,2 10,432 0 0
TYSON FOODS INC COM 902494103 30,132 765,355 SH   DFND   765,355 0 0
UNION PACIFIC COM 907818108 331 3,056 SH   DFND   3,056 0 0
UNITED TECHNOLOGY COM 913017109 14,889 140,996 SH   DFND 1,2 140,996 0 0
UTD PARCEL SERV COM 911312106 264 2,691 SH   DFND   2,691 0 0
VALE S.A. ADR 91912E105 208 18,857 SH   DFND   18,857 0 0
VALE S.A. ADR 91912E204 686 70,653 SH   DFND   70,653 0 0
VANGUARD WORLD FD UNT 92204A405 523 11,269 SH   DFND 1 11,269 0 0
VANGUARD WORLD FD UNT 92204A702 313 3,126 SH   DFND 1 3,126 0 0
VANGUARD WORLD FD UNT 922908553 8,965 124,774 SH   DFND 1 124,774 0 0
VERIZON COMMS COM 92343V104 4,794 95,852 SH   DFND 2 95,852 0 0
VIPSHOP HOLDINGS ADR 92763W103 18,113 95,833 SH   DFND 1,2 95,833 0 0
VISA INC COM 92826C839 11,635 54,528 SH   DFND 1,2 54,528 0 0
WESTERN DIGITAL COM 958102105 10,322 106,067 SH   DFND 1,2 106,067 0 0
WEYERHAEUSER CO COM 962166104 24,221 760,219 SH   DFND 2 760,219 0 0
WISCONSIN ENERGY COM 976657106 4,087 95,036 SH   DFND 2 95,036 0 0
WISDOM TREE DIVIDEND EX-FINANCIALS FUND DIV EX-FINL FD 97717W406 2,226 30,285 SH   DFND   638 0 29,647
YAMANA GOLD COM 98462Y100 18,099 3,016,520 SH   DFND 1 1,464,402 0 1,552,118
ZIMMER HOLDINGS COM 98956P102 13,824 137,487 SH   DFND 1,2 137,487 0 0