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 12,255 319,087 SH   DFND 1,2 319,087 0 0
ABBVIE INC COM 00287Y109 9,074 138,667 SH   DFND 1,2 138,667 0 0
AGRIUM INC COM 008916108 44,042 464,503 SH   DFND 1 282,010 0 182,493
ALCOA INC COM 013817101 321 20,353 SH   DFND   20,353 0 0
ALLIANCE HOLDINGS COM 01861G100 201 3,288 SH   DFND   3,288 0 0
AMAZON.COM INC COM 023135106 1,429 4,603 SH   DFND   4,603 0 0
AMERICA MOVIL SAB ADR 02364W105 18,131 817,434 SH   DFND   817,434 0 0
AMGEN INC COM 031162100 15,544 97,585 SH   DFND 1,2 97,585 0 0
AMPHENOL CORP COM 032095101 13,325 247,635 SH   DFND 1,2 247,635 0 0
ANADARKO PETROLM COM 032511107 15,161 183,768 SH   DFND 1,2 183,768 0 0
ANDERSONS INC COM 034164103 3,958 74,487 SH   DFND   74,487 0 0
APPLE INC COM 037833100 14,204 128,687 SH   DFND 1,2 128,687 0 0
ARCHER-DANIELS COM 039483102 29,122 560,035 SH   DFND   560,035 0 0
BAIDU INC ADS 056752108 87,728 384,823 SH   DFND 1,2 384,823 0 0
BANCO MACRO SA ADR 05961W105 1,056 24,147 SH   DFND   24,147 0 0
BIOMARIN PHARM COM 09061G101 3,589 39,699 SH   DFND 1 39,699 0 0
BLACKROCK COM 09247X101 12,227 34,196 SH   DFND 1,2 34,196 0 0
BRF SA ADR 10552T107 3,599 154,150 SH   DFND   154,150 0 0
BUNGE LIMITED COM G16962105 5,674 62,413 SH   DFND   62,413 0 0
CABOT OIL & GAS COM 127097103 13,171 444,827 SH   DFND   444,827 0 0
CADENCE DESIGN COM 127387108 10,658 561,841 SH   DFND 1,2 561,841 0 0
CALIFORNIA RESOUR COM 13057Q107 83 15,008 SH   DFND 2 15,008 0 0
CAMECO CORP COM 13321L108 201 12,197 SH   DFND   12,197 0 0
CANADIAN PAC RAIL COM 13645T100 228 1,179 SH   DFND   1,179 0 0
CDN NATURAL RESR COM 136385101 48,882 1,576,202 SH   DFND 1 835,751 0 740,451
CEMEX S.A.B ADR 151290889 10,453 1,025,775 SH   DFND   1,025,775 0 0
CF INDUSTRIES COM 125269100 2,378 8,726 SH   DFND   8,726 0 0
CHEVRON CORP COM 166764100 21,891 195,139 SH   DFND 2 195,139 0 0
CHUBB CORP COM 171232101 966 9,333 SH   DFND 2 9,333 0 0
CHURCH & DWIGHT COM 171340102 10,956 139,023 SH   DFND 1,2 139,023 0 0
CIA BRAS DE DIST ADR 20440T201 8,046 218,453 SH   DFND 1 218,453 0 0
CISCO SYSTEMS COM 17275R102 2,391 85,966 SH   DFND 2 85,966 0 0
CITIGROUP INC COM 172967424 2,308 42,651 SH   DFND 2 42,651 0 0
COGENT COMMUN HLD COM 19239V302 7,869 222,342 SH   DFND 1,2 222,342 0 0
COGNIZANT TECH COM 192446102 6,998 132,890 SH   DFND 1 132,890 0 0
CON-WAY INC COM 205944101 9,585 194,896 SH   DFND 1,2 194,896 0 0
COOPER COS INC COM 216648402 12,775 78,813 SH   DFND 1,2 78,813 0 0
COVANCE INC COM 222816100 2,501 24,088 SH   DFND 2 24,088 0 0
CROWN CASTLE INTL COM 22822V101 2,523 32,061 SH   DFND 2 32,061 0 0
CSX CORPORATION COM 126408103 268 7,395 SH   DFND   7,395 0 0
CTRIP.COM INTL ADS 22943F100 25,703 564,900 SH   DFND 1,2 564,900 0 0
CUMMINS INC COM 231021106 11,333 78,609 SH   DFND 1,2 78,609 0 0
CVS HEALTH CORP COM 126650100 18,076 187,687 SH   DFND 1,2 187,687 0 0
DARLING INGR INC COM 237266101 4,057 223,427 SH   DFND   223,427 0 0
DIRECTV COM 25490A309 3,968 45,765 SH   DFND 2 45,765 0 0
DISCOVER FIN SVCS COM 254709108 9,645 147,282 SH   DFND 1 147,282 0 0
DOW CHEMICAL CO COM 260543103 12,282 269,287 SH   DFND   269,287 0 0
ELDORADO GOLD CO COM 284902103 158 25,769 SH   DFND   25,769 0 0
EMERSON ELECTRIC COM 291011104 334 5,407 SH   DFND   5,407 0 0
EOG RESOURCES COM 26875P101 24,299 263,915 SH   DFND 1,2 263,915 0 0
EXXON MOBIL CORP COM 30231G102 14,670 158,675 SH   DFND 2 158,675 0 0
FIRST MAJESTIC SI COM 32076V103 9,073 1,802,635 SH   DFND 1 651,188 0 1,151,447
FOMENTO ECON MEX ADR 344419106 16,061 182,447 SH   DFND   182,447 0 0
FREEPORT-MCMORAN COM 35671D857 370 15,843 SH   DFND   15,843 0 0
GILEAD SCIENCES COM 375558103 14,819 157,216 SH   DFND 1,2 157,216 0 0
GLOBAL PAYMENTS COM 37940X102 2,601 32,217 SH   DFND 2 32,217 0 0
GOLDCORP INC COM 380956409 5,996 323,750 SH   DFND   323,750 0 0
GOLDMAN SACHS GRP COM 38141G104 300 1,549 SH   DFND   1,549 0 0
GOOGLE INC COM 38259P508 3,498 6,592 SH   DFND 2 6,592 0 0
GOOGLE INC COM 38259P706 11,214 21,304 SH   DFND 1,2 21,304 0 0
GPO TELEVISA ADR 40049J206 7,611 223,460 SH   DFND   223,460 0 0
GREEN PLAINS INC COM 393222104 826 33,353 SH   DFND   33,353 0 0
GRUPO AVAL ACCION ADR 40053W101 4,326 416,341 SH   DFND   416,341 0 0
HAIN CELEST GRP COM 405217100 16,637 285,412 SH   DFND 1,2 285,412 0 0
HDFC BANK LTD ADR 40415F101 7,968 157,000 SH   DFND 1 157,000 0 0
HEWLETT PACKARD COM 428236103 5,037 125,517 SH   DFND 2 125,517 0 0
INFOSYS LTD ADR 456788108 20,488 651,242 SH   DFND 1 651,242 0 0
INTL FLAVR & FRAG COM 459506101 10,424 102,842 SH   DFND 1,2 102,842 0 0
INTL PAPER CO COM 460146103 246 4,583 SH   DFND   4,583 0 0
ISHARES INC ITR 464286731 393 25,979 SH   DFND 1 25,979 0 0
ISHARES INC ITR 464286772 615 11,123 SH   DFND 1 11,123 0 0
ISHARES INC ITR 464286848 2,178 193,738 SH   DFND 1 193,738 0 0
ISHARES INC UNT 464286756 585 18,481 SH   DFND 1 18,481 0 0
ISHARES INC UNT 464286806 600 21,897 SH   DFND 1 21,897 0 0
ISHARES INC UNT 46434V548 1,001 55,530 SH   DFND 1 55,530 0 0
ISHARES TRUST ITR 464287184 673 16,168 SH   DFND 1 16,168 0 0
ISHARES TRUST UNT 464287275 723 12,035 SH   DFND 1 12,035 0 0
ISHARES TRUST UNT 464287291 1,386 14,627 SH   DFND 1 14,627 0 0
ISHARES TRUST UNT 464287325 1,242 12,478 SH   DFND 1 12,478 0 0
ISHARES TRUST UNT 464288729 4,249 60,163 SH   DFND 1 60,163 0 0
ISHARES TRUST UNT 46429B598 1,725 57,620 SH   DFND   57,620 0 0
JP MORGAN CHASE COM 46625H100 5,177 82,730 SH   DFND 2 82,730 0 0
KELLOGG CO COM 487836108 896 13,694 SH   DFND   13,694 0 0
KINDER MORGAN INC COM 49456B101 16,600 392,339 SH   DFND   392,339 0 0
LINCOLN NATIONAL COM 534187109 3,775 65,456 SH   DFND 2 65,456 0 0
MARRIOTT INTL COM 571903202 9,650 123,675 SH   DFND 1,2 123,675 0 0
MCKESSON CORP COM 58155Q103 255 1,228 SH   DFND   1,228 0 0
MELCO CROWN ENTER ADR 585464100 10,487 412,860 SH   DFND 2 412,860 0 0
MERCK & CO INC COM 58933Y105 2,624 46,207 SH   DFND 2 46,207 0 0
METLIFE INC COM 59156R108 13,699 253,257 SH   DFND 1,2 253,257 0 0
MOBILE TELESYSTEM ADS 607409109 29,658 4,130,626 SH   DFND 1 2,743,987 0 1,386,639
MONSANTO CO COM 61166W101 39,773 332,909 SH   DFND 1,2 332,909 0 0
MOODY'S CORP COM 615369105 9,024 94,187 SH   DFND 1,2 94,187 0 0
MOSAIC CO (THE) COM 61945C103 10,640 233,068 SH   DFND   233,068 0 0
MOUNTAIN PRO DIAM COM 62426E402 120 28,569 SH   DFND   28,569 0 0
NASDAQ OMX GRP COM 631103108 235 4,895 SH   DFND   4,895 0 0
NEVSUN RESOURCES COM 64156L101 121 31,258 SH   DFND   31,258 0 0
NOBLE ENERGY COM 655044105 5,951 125,467 SH   DFND   125,467 0 0
OCCIDENTAL PETRLM COM 674599105 15,840 196,504 SH   DFND 2 196,504 0 0
ORACLE CORP COM 68389X105 231 5,144 SH   DFND   5,144 0 0
PARKER-HANNIFIN COM 701094104 311 2,411 SH   DFND   2,411 0 0
PFIZER INC COM 717081103 9,971 320,098 SH   DFND 1,2 320,098 0 0
PLATINUM GR METAL COM 72765Q205 108 228,123 SH   DFND   228,123 0 0
PLUM CREEK TIMBER COM 729251108 3,269 76,407 SH   DFND   76,407 0 0
PNC FINANCIAL COM 693475105 4,912 53,840 SH   DFND 2 53,840 0 0
POLYMET MINING CO COM 731916102 120 116,046 SH   DFND   116,046 0 0
POTASH SASKATCHWN COM 73755L107 24,327 688,773 SH   DFND   688,773 0 0
PPG INDUSTRIES COM 693506107 32,488 140,551 SH   DFND 1,2 140,551 0 0
PRAXAIR INC COM 74005P104 222 1,710 SH   DFND   1,710 0 0
PRECISION CASTPRT COM 740189105 12,130 50,357 SH   DFND 1,2 50,357 0 0
PROOFPOINT INC COM 743424103 830 17,206 SH   DFND   17,206 0 0
SANDERSON FARM COM 800013104 3,521 41,909 SH   DFND   41,909 0 0
SCHLUMBERGER LTD COM 806857108 9,727 113,890 SH   DFND 1,2 113,890 0 0
SELECT SECTOR ITR 81369Y803 160,605 3,884,042 SH   DFND   3,884,042 0 0
SILICON VALLEY COM 78486Q101 12,210 105,196 SH   DFND 1,2 105,196 0 0
SILVER WHEATON CO COM 828336107 11,111 544,625 SH   DFND 1 228,340 0 316,285
SPDR S&P500 TRUST ITR 78462F103 2,429 11,818 SH   DFND 1 11,818 0 0
STILLWATER MINING COM 86074Q102 2,641 179,194 SH   DFND   179,194 0 0
SUNCOR ENERGY INC COM 867224107 32,301 1,015,679 SH   DFND 1 559,572 0 456,107
SUNGY MOBILE ADR 86737M100 1,205 241,498 SH   DFND 2 241,498 0 0
TAIWAN SEMICONDUC ADS 874039100 56,320 2,516,511 SH   DFND 1 2,516,511 0 0
TAL EDUCATION GRP ADR 874080104 26,053 927,478 SH   DFND 1,2 927,478 0 0
TECK RESOURCES COM 878742204 146 10,647 SH   DFND   10,647 0 0
THE PRICELINE GRP COM 741503403 13,249 11,620 SH   DFND 1,2 11,620 0 0
TYSON FOODS INC COM 902494103 29,651 739,599 SH   DFND   739,599 0 0
UNION PACIFIC COM 907818108 10,413 87,407 SH   DFND 1,2 87,407 0 0
UNITED TECHNOLOGY COM 913017109 14,780 128,520 SH   DFND 1,2 128,520 0 0
UTD PARCEL SERV COM 911312106 260 2,342 SH   DFND   2,342 0 0
VANGUARD WORLD FD UNT 92204A405 560 11,269 SH   DFND 1 11,269 0 0
VANGUARD WORLD FD UNT 92204A702 327 3,126 SH   DFND 1 3,126 0 0
VANGUARD WORLD FD UNT 922908553 10,108 124,774 SH   DFND 1 124,774 0 0
VERIZON COMMS COM 92343V104 3,911 83,607 SH   DFND 2 83,607 0 0
VIPSHOP HOLDINGS ADR 92763W103 18,919 968,194 SH   DFND 1,2 968,194 0 0
VISA INC COM 92826C839 13,369 50,986 SH   DFND 1,2 50,986 0 0
WESTERN DIGITAL COM 958102105 11,010 99,456 SH   DFND 1,2 99,456 0 0
WEYERHAEUSER CO COM 962166104 26,011 724,735 SH   DFND 2 724,735 0 0
WISCONSIN ENERGY COM 976657106 5,012 95,036 SH   DFND 2 95,036 0 0
ZIMMER HOLDINGS COM 98956P102 14,361 126,619 SH   DFND 1,2 126,619 0 0
Powershares H.Y.E.D.A. ETF HI YLD EQ DVDN 73935X302 717 52,575 SH   DFND   0 0 52,575
SPDR S P DIVIDEND ETF S&P DIVID ETF 78464A763 2,079 26,077 SH   DFND   0 0 26,077
WISDOM TREE DIVIDEND EX-FINANCIALS FUND DIV EX-FINL FD 97717W406 2,140 27,635 SH   DFND   0 0 27,635
iShares MSCI EAFE Index Fund MSCI EAFE ETF 464287465 819 13,380 SH   DFND   0 0 13,380
iShares MSCI Emerging MKT INDEX ETF MSCI EMG MKT ETF 464287234 260 6,635 SH   DFND   0 0 6,635
iShares Russell 1000 Growth ET RUS 1000 GRW ETF 464287614 23,564 244,235 SH   DFND   0 0 244,235
iShares Russell 2000 Growth ET RUS 2000 GRW ETF 464287648 22,381 156,422 SH   DFND   0 0 156,422
iShares S&P 100 ETF S&P 100 ETF 464287101 22,422 244,066 SH   DFND   0 0 244,066
iShares Select Dividend ETF SELECT DIVID ETF 464287168 2,140 26,580 SH   DFND   0 0 26,580