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
PowerShares S&P SmallCap Information Technology Portfolio COM 73937B860 1,686 23,093 SH   SOLE 0 23,093 0 0
PowerShares S&P SmallCap Materials Portfolio COM 73937B852 1,167 24,864 SH   SOLE 0 24,864 0 0
PowerShares S&P SmallCap Industrials Portfolio COM 73937B878 757 13,571 SH   SOLE 0 13,571 0 0
PowerShares S&P SmallCap Health Care Portfolio COM 73937B886 1,161 14,516 SH   SOLE 0 14,516 0 0
PowerShares S&P SmallCap Energy Portfolio COM 73937B704 405 22,344 SH   SOLE 0 22,344 0 0
PowerShares S&P SmallCap Consumer Discretionary Portfolio COM 73937B506 1,275 24,190 SH   SOLE 0 24,190 0 0
PowerShares S&P SmallCap Consumer Staples Portfolio COM 73937B605 403 5,827 SH   SOLE 0 5,827 0 0
SPDR S&P Regional Banking ETF COM 78464A698 785 14,386 SH   SOLE 0 14,386 0 0
iShares U.S. Medical Devices ETF COM 464288810 522 3,450 SH   SOLE 0 3,450 0 0
Energy Select Sector SPDR Fund COM 81369Y506 437 6,254 SH   SOLE 0 6,254 0 0
Materials Select Sector SPDR Fund COM 81369Y100 793 15,142 SH   SOLE 0 15,142 0 0
Vanguard Telecommunication Services Index Fund COM 92204A884 601 6,340 SH   SOLE 0 6,340 0 0
Vanguard Consumer Staples Index Fund COM 92204A207 817 5,814 SH   SOLE 0 5,814 0 0
Thales SA COM F9156M108 93 958 SH   SOLE 0 958 0 0
Global X MSCI Pakistan ETF COM 37950E689 294 17,323 SH   SOLE 0 17,323 0 0
SPDR S&P Regional Banking ETF COM 78464A698 537 9,836 SH   SOLE 0 9,836 0 0
SPDR S&P Insurance ETF COM 78464A789 778 9,055 SH   SOLE 0 9,055 0 0
PowerShares KBW Bank Portfolio COM 73937B746 1,206 25,395 SH   SOLE 0 25,395 0 0
iShares U.S. Technology ETF COM 464287721 995 7,368 SH   SOLE 0 7,368 0 0
iShares Global Energy ETF COM 464287341 1,053 31,741 SH   SOLE 0 31,741 0 0
SPDR S&P International Health Care Sector ETF COM 78463X681 578 12,330 SH   SOLE 0 12,330 0 0
PowerShares International BuyBack Achievers Portfolio COM 73937B621 948 30,718 SH   SOLE 0 30,718 0 0
iShares U.S. Medical Devices ETF COM 464288810 933 6,162 SH   SOLE 0 6,162 0 0
iShares U.S. Healthcare Providers ETF COM 464288828 710 5,296 SH   SOLE 0 5,296 0 0
iShares Europe Developed Real Estate ETF COM 464288471 308 9,055 SH   SOLE 0 9,055 0 0
iShares Currency Hedged MSCI Japan ETF COM 46434V886 583 20,827 SH   SOLE 0 20,827 0 0
iShares Currency Hedged MSCI Germany ETF COM 46434V704 536 19,262 SH   SOLE 0 19,262 0 0
SPDR EURO STOXX 50 ETF COM 78463X202 578 15,909 SH   SOLE 0 15,909 0 0
iShares MSCI South Africa ETF COM 464286780 268 4,865 SH   SOLE 0 4,865 0 0
iShares MSCI Brazil Small-Cap ETF COM 464289131 131 9,629 SH   SOLE 0 9,629 0 0
iShares MSCI Brazil Capped ETF COM 464286400 135 3,624 SH   SOLE 0 3,624 0 0
iShares MSCI Taiwan Capped ETF COM 46434G772 335 10,110 SH   SOLE 0 10,110 0 0
iShares MSCI Spain Capped ETF COM 464286764 593 19,514 SH   SOLE 0 19,514 0 0
iShares MSCI Canada ETF COM 464286509 551 20,499 SH   SOLE 0 20,499 0 0
iShares MSCI Australia ETF COM 464286103 564 24,988 SH   SOLE 0 24,988 0 0
iShares MSCI Russia Capped ETF COM 46434G798 304 9,493 SH   SOLE 0 9,493 0 0
WisdomTree India Earnings Fund COM 97717W422 209 8,670 SH   SOLE 0 8,670 0 0
iShares MSCI Israel Capped ETF COM 464286632 332 6,486 SH   SOLE 0 6,486 0 0
WisdomTree Japan Hedged Financials Fund COM 97717W463 435 18,480 SH   SOLE 0 18,480 0 0
WisdomTree Japan Hedged Capital Goods Fund COM 97717W356 465 18,597 SH   SOLE 0 18,597 0 0
Guggenheim China Technology ETF COM 18383Q135 411 9,756 SH   SOLE 0 9,756 0 0
Grupo Supervielle SA Class B COM 40054A108 43 12,635 SH   SOLE 0 12,635 0 0
LEONARDO SPA COM T6S996112 92 6,509 SH   SOLE 0 6,509 0 0
Adecoagro S.A. COM L00849106 34 2,986 SH   SOLE 0 2,986 0 0
Dassault Aviation SA COM F24539102 99 78 SH   SOLE 0 78 0 0
Airbus SE COM N0280E105 99 1,310 SH   SOLE 0 1,310 0 0
YPF SA Class D COM P9897X131 58 2,392 SH   SOLE 0 2,392 0 0
Petrobras Argentina SA Class B COM P7873P114 34 30,895 SH   SOLE 0 30,895 0 0
Grupo Financiero Galicia SA Class B COM P49525101 42 11,102 SH   SOLE 0 11,102 0 0
Pampa Energia SA COM P7464E114 59 27,046 SH   SOLE 0 27,046 0 0
Cresud SA COM P3311R127 42 21,276 SH   SOLE 0 21,276 0 0
Banco Macro SA Class B COM P1047V123 44 5,114 SH   SOLE 0 5,114 0 0
BBVA Banco Frances SA COM P1624B102 34 5,541 SH   SOLE 0 5,541 0 0
BAE Systems plc COM G06940103 97 12,173 SH   SOLE 0 12,173 0 0
Global X MSCI Pakistan ETF COM 37950E689 171 10,088 SH   SOLE 0 10,088 0 0
SPDR S&P International Health Care Sector ETF COM 78463X681 1,269 27,065 SH   SOLE 0 27,065 0 0
SPDR S&P International Materials Sector ETF COM 78463X665 598 27,398 SH   SOLE 0 27,398 0 0
SPDR S&P International Energy Sector ETF COM 78463X715 1,899 104,044 SH   SOLE 0 104,044 0 0
SPDR S&P International Consumer Staples Sector ETF COM 78463X723 1,548 36,046 SH   SOLE 0 36,046 0 0
PowerShares International BuyBack Achievers Portfolio COM 73937B621 965 31,247 SH   SOLE 0 31,247 0 0
iShares Currency Hedged MSCI Spain ETF COM 46435G813 434 19,084 SH   SOLE 0 19,084 0 0
iShares Currency Hedged MSCI Germany ETF COM 46434V704 538 19,333 SH   SOLE 0 19,333 0 0
SPDR EURO STOXX 50 ETF COM 78463X202 1,665 45,829 SH   SOLE 0 45,829 0 0
iShares MSCI South Africa ETF COM 464286780 270 4,900 SH   SOLE 0 4,900 0 0
iShares MSCI Brazil Small-Cap ETF COM 464289131 132 9,698 SH   SOLE 0 9,698 0 0
iShares MSCI Brazil Capped ETF COM 464286400 136 3,650 SH   SOLE 0 3,650 0 0
iShares MSCI Taiwan Capped ETF COM 46434G772 419 12,618 SH   SOLE 0 12,618 0 0
iShares MSCI Spain Capped ETF COM 464286764 179 5,916 SH   SOLE 0 5,916 0 0
iShares MSCI Canada ETF COM 464286509 924 34,411 SH   SOLE 0 34,411 0 0
iShares MSCI Australia ETF COM 464286103 720 31,879 SH   SOLE 0 31,879 0 0
iShares MSCI Europe Financials ETF COM 464289180 394 19,402 SH   SOLE 0 19,402 0 0
iShares MSCI Russia Capped ETF COM 46434G798 585 18,230 SH   SOLE 0 18,230 0 0
WisdomTree India Earnings Fund COM 97717W422 322 13,360 SH   SOLE 0 13,360 0 0
iShares MSCI Israel Capped ETF COM 464286632 386 7,544 SH   SOLE 0 7,544 0 0
WisdomTree Japan Hedged Financials Fund COM 97717W463 1,658 70,321 SH   SOLE 0 70,321 0 0
WisdomTree Japan Hedged Capital Goods Fund COM 97717W356 647 25,841 SH   SOLE 0 25,841 0 0
WisdomTree Emerging Markets High Dividend Fund COM 97717W315 1,276 31,247 SH   SOLE 0 31,247 0 0
Guggenheim China Technology ETF COM 18383Q135 205 4,870 SH   SOLE 0 4,870 0 0
Grupo Supervielle SA Class B COM 40054A108 95 27,800 SH   SOLE 0 27,800 0 0
Leonardo SpA COM T6S996112 103 7,310 SH   SOLE 0 7,310 0 0
Adecoagro S.A. COM L00849106 23 2,062 SH   SOLE 0 2,062 0 0
Thales SA COM F9156M108 104 1,076 SH   SOLE 0 1,076 0 0
Dassault Aviation SA COM F24539102 110 87 SH   SOLE 0 87 0 0
Airbus SE COM N0280E105 112 1,471 SH   SOLE 0 1,471 0 0
YPF SA Class D COM P9897X131 37 1,531 SH   SOLE 0 1,531 0 0
Petrobras Argentina SA Class B COM P7873P114 75 67,498 SH   SOLE 0 67,498 0 0
Grupo Financiero Galicia SA Class B COM P49525101 27 7,187 SH   SOLE 0 7,187 0 0
Pampa Energia SA COM P7464E114 38 17,470 SH   SOLE 0 17,470 0 0
Cresud SA COM P3311R127 97 48,785 SH   SOLE 0 48,785 0 0
Banco Macro SA Class B COM P1047V123 29 3,396 SH   SOLE 0 3,396 0 0
BBVA Banco Frances SA COM P1624B102 76 12,309 SH   SOLE 0 12,309 0 0
BAE Systems plc COM G06940103 109 13,687 SH   SOLE 0 13,687 0 0
Energy Select Sector SPDR Fund COM 81369Y506 7,301 104,457 SH   SOLE 0 104,457 0 0
Materials Select Sector SPDR Fund COM 81369Y100 4,789 91,391 SH   SOLE 0 91,391 0 0
Vanguard Telecommunication Services Index Fund COM 92204A884 1,708 18,009 SH   SOLE 0 18,009 0 0
Global X MSCI Pakistan ETF COM 37950E689 1,939 114,197 SH   SOLE 0 114,197 0 0
SPDR S&P Regional Banking ETF COM 78464A698 5,994 109,771 SH   SOLE 0 109,771 0 0
SPDR S&P Insurance ETF COM 78464A789 3,357 39,064 SH   SOLE 0 39,064 0 0
PowerShares KBW Bank Portfolio COM 73937B746 13,527 284,724 SH   SOLE 0 284,724 0 0
iShares U.S. Technology ETF COM 464287721 15,156 112,126 SH   SOLE 0 112,126 0 0
iShares Global Energy ETF COM 464287341 4,999 150,588 SH   SOLE 0 150,588 0 0
PowerShares International BuyBack Achievers Portfolio COM 73937B621 10,860 351,609 SH   SOLE 0 351,609 0 0
iShares U.S. Medical Devices ETF COM 464288810 18,830 124,357 SH   SOLE 0 124,357 0 0
iShares U.S. Healthcare Providers ETF COM 464288828 6,881 51,320 SH   SOLE 0 51,320 0 0
iShares Europe Developed Real Estate ETF COM 464288471 3,552 104,163 SH   SOLE 0 104,163 0 0
iShares Currency Hedged MSCI Japan ETF COM 46434V886 7,666 273,512 SH   SOLE 0 273,512 0 0
iShares Currency Hedged MSCI Germany ETF COM 46434V704 7,596 272,963 SH   SOLE 0 272,963 0 0
SPDR EURO STOXX 50 ETF COM 78463X202 9,012 247,950 SH   SOLE 0 247,950 0 0
iShares MSCI South Africa ETF COM 464286780 3,087 55,946 SH   SOLE 0 55,946 0 0
iShares MSCI Brazil Small-Cap ETF COM 464289131 1,510 110,717 SH   SOLE 0 110,717 0 0
iShares MSCI Brazil Capped ETF COM 464286400 1,561 41,672 SH   SOLE 0 41,672 0 0
iShares MSCI Taiwan Capped ETF COM 46434G772 4,407 132,642 SH   SOLE 0 132,642 0 0
iShares MSCI Spain Capped ETF COM 464286764 2,875 94,559 SH   SOLE 0 94,559 0 0
iShares MSCI Japan ETF COM 46434G822 7,610 147,781 SH   SOLE 0 147,781 0 0
iShares MSCI Canada ETF COM 464286509 13,727 510,711 SH   SOLE 0 510,711 0 0
iShares MSCI Australia ETF COM 464286103 6,496 287,332 SH   SOLE 0 287,332 0 0
iShares MSCI Russia Capped ETF COM 46434G798 3,845 119,716 SH   SOLE 0 119,716 0 0
WisdomTree India Earnings Fund COM 97717W422 2,499 103,597 SH   SOLE 0 103,597 0 0
iShares MSCI Israel Capped ETF COM 464286632 4,371 85,305 SH   SOLE 0 85,305 0 0
WisdomTree Japan Hedged Financials Fund COM 97717W463 6,228 264,158 SH   SOLE 0 264,158 0 0
WisdomTree Japan Hedged Capital Goods Fund COM 97717W356 6,659 265,832 SH   SOLE 0 265,832 0 0
WisdomTree Emerging Markets High Dividend Fund COM 97717W315 8,387 205,330 SH   SOLE 0 205,330 0 0
Guggenheim China Technology ETF COM 18383Q135 2,358 55,963 SH   SOLE 0 55,963 0 0
Grupo Supervielle SA Class B COM 40054A108 476 138,141 SH   SOLE 0 138,141 0 0
Leonardo SpA COM T6S996112 1,030 72,523 SH   SOLE 0 72,523 0 0
Adecoagro S.A. COM L00849106 366 31,946 SH   SOLE 0 31,946 0 0
Thales SA COM F9156M108 1,035 10,674 SH   SOLE 0 10,674 0 0
Dassault Aviation SA COM F24539102 1,105 867 SH   SOLE 0 867 0 0
Airbus SE COM N0280E105 1,113 14,596 SH   SOLE 0 14,596 0 0
YPF SA Class D COM P9897X131 626 25,681 SH   SOLE 0 25,681 0 0
Grupo Financiero Galicia SA Class B COM P49525101 457 119,522 SH   SOLE 0 119,522 0 0
Pampa Energia SA COM P7464E114 640 292,485 SH   SOLE 0 292,485 0 0
Cresud SA COM P3311R127 459 230,231 SH   SOLE 0 230,231 0 0
Banco Macro SA Class B COM P1047V123 469 54,117 SH   SOLE 0 54,117 0 0
BBVA Banco Frances SA COM P1624B102 377 61,021 SH   SOLE 0 61,021 0 0
BAE Systems plc COM G06940103 1,090 135,768 SH   SOLE 0 135,768 0 0
Utilities Select Sector SPDR Fund COM 81369Y886 294 5,731 SH   SOLE 0 5,731 0 0
Consumer Staples Select Sector SPDR Fund COM 81369Y308 1,660 30,419 SH   SOLE 0 30,419 0 0
SPDR S&P Homebuilders ETF COM 78464A888 685 18,419 SH   SOLE 0 18,419 0 0
Vanguard Telecommunication Services Index Fund COM 92204A884 276 2,912 SH   SOLE 0 2,912 0 0
SPDR EURO STOXX Small Cap ETF COM 78463X392 270 5,219 SH   SOLE 0 5,219 0 0
iShares Global Consumer Discretionary ETF COM 464288745 1,342 13,918 SH   SOLE 0 13,918 0 0
Global X MSCI Pakistan ETF COM 37950E689 244 14,386 SH   SOLE 0 14,386 0 0
iShares Global Materials ETF COM 464288695 989 16,704 SH   SOLE 0 16,704 0 0
SPDR S&P Regional Banking ETF COM 78464A698 856 15,679 SH   SOLE 0 15,679 0 0
SPDR S&P Insurance ETF COM 78464A789 1,275 14,847 SH   SOLE 0 14,847 0 0
PowerShares KBW Bank Portfolio COM 73937B746 1,031 21,706 SH   SOLE 0 21,706 0 0
iShares U.S. Technology ETF COM 464287721 1,136 8,408 SH   SOLE 0 8,408 0 0
iShares Global Tech ETF COM 464287291 2,984 24,024 SH   SOLE 0 24,024 0 0
iShares Global Energy ETF COM 464287341 1,327 39,979 SH   SOLE 0 39,979 0 0
PowerShares International BuyBack Achievers Portfolio COM 73937B621 804 26,043 SH   SOLE 0 26,043 0 0
iShares U.S. Medical Devices ETF COM 464288810 1,456 9,617 SH   SOLE 0 9,617 0 0
iShares U.S. Healthcare Providers ETF COM 464288828 947 7,063 SH   SOLE 0 7,063 0 0
iShares Currency Hedged MSCI South Korea ETF COM 46435G888 50 1,938 SH   SOLE 0 1,938 0 0
iShares Currency Hedged MSCI Germany ETF COM 46434V704 800 28,778 SH   SOLE 0 28,778 0 0
SPDR EURO STOXX 50 ETF COM 78463X202 812 22,361 SH   SOLE 0 22,361 0 0
iShares Global Industrials ETF COM 464288729 1,386 17,250 SH   SOLE 0 17,250 0 0
iShares MSCI Brazil Capped ETF COM 464286400 268 7,157 SH   SOLE 0 7,157 0 0
iShares MSCI Taiwan Capped ETF COM 46434G772 728 21,930 SH   SOLE 0 21,930 0 0
iShares MSCI Spain Capped ETF COM 464286764 370 12,178 SH   SOLE 0 12,178 0 0
iShares MSCI Europe Financials ETF COM 464289180 160 7,898 SH   SOLE 0 7,898 0 0
iShares MSCI Russia Capped ETF COM 46434G798 583 18,166 SH   SOLE 0 18,166 0 0
iShares MSCI Israel Capped ETF COM 464286632 551 10,759 SH   SOLE 0 10,759 0 0
Columbia Emerging Markets Consumer ETF COM 19762B509 423 17,052 SH   SOLE 0 17,052 0 0
WisdomTree Japan Hedged Financials Fund COM 97717W463 951 40,346 SH   SOLE 0 40,346 0 0
WisdomTree Japan Hedged Capital Goods Fund COM 97717W356 315 12,579 SH   SOLE 0 12,579 0 0
Guggenheim China Technology ETF COM 18383Q135 374 8,888 SH   SOLE 0 8,888 0 0
Grupo Supervielle SA Class B COM 40054A108 24 6,967 SH   SOLE 0 6,967 0 0
SPDR MSCI Europe Health Care UCITS ETF COM F89826196 566 4,192 SH   SOLE 0 4,192 0 0
Adecoagro S.A. COM L00849106 40 3,517 SH   SOLE 0 3,517 0 0
YPF SA Class D COM P9897X131 69 2,836 SH   SOLE 0 2,836 0 0
Petrobras Argentina SA Class B COM P7873P114 20 17,879 SH   SOLE 0 17,879 0 0
Grupo Financiero Galicia SA Class B COM P49525101 49 13,040 SH   SOLE 0 13,040 0 0
Pampa Energia SA COM P7464E114 71 32,589 SH   SOLE 0 32,589 0 0
Cresud SA COM P3311R127 24 12,247 SH   SOLE 0 12,247 0 0
Banco Macro SA Class B COM P1047V123 53 6,113 SH   SOLE 0 6,113 0 0
BBVA Banco Frances SA COM P1624B102 19 3,083 SH   SOLE 0 3,083 0 0
SPDR Barclays Intermediate Term Treasury ETF COM 78464A672 3,368 56,266 SH   SOLE 0 56,266 0 0
SPDR Barclays Aggregate Bond ETF COM 78464A649 2,238 39,191 SH   SOLE 0 39,191 0 0
Global X MSCI Pakistan ETF COM 37950E689 188 11,114 SH   SOLE 0 11,114 0 0
SPDR S&P International Telecommunications Sector ETF COM 78463X640 481 19,973 SH   SOLE 0 19,973 0 0
SPDR S&P International Health Care Sector ETF COM 78463X681 1,400 29,848 SH   SOLE 0 29,848 0 0
SPDR S&P International Materials Sector ETF COM 78463X665 870 39,868 SH   SOLE 0 39,868 0 0
SPDR S&P International Energy Sector ETF COM 78463X715 1,669 91,455 SH   SOLE 0 91,455 0 0
SPDR S&P International Consumer Staples Sector ETF COM 78463X723 869 20,236 SH   SOLE 0 20,236 0 0
SPDR S&P International Industrial Sector ETF COM 78463X673 489 15,147 SH   SOLE 0 15,147 0 0
PowerShares International BuyBack Achievers Portfolio COM 73937B621 865 28,014 SH   SOLE 0 28,014 0 0
iShares Currency Hedged MSCI Spain ETF COM 46435G813 491 21,590 SH   SOLE 0 21,590 0 0
iShares Currency Hedged MSCI Germany ETF COM 46434V704 565 20,311 SH   SOLE 0 20,311 0 0
SPDR EURO STOXX 50 ETF COM 78463X202 1,192 32,809 SH   SOLE 0 32,809 0 0
iShares MSCI South Africa ETF COM 464286780 297 5,396 SH   SOLE 0 5,396 0 0
iShares MSCI Brazil Small-Cap ETF COM 464289131 291 21,359 SH   SOLE 0 21,359 0 0
iShares MSCI Brazil Capped ETF COM 464286400 301 8,039 SH   SOLE 0 8,039 0 0
iShares MSCI Taiwan Capped ETF COM 46434G772 462 13,926 SH   SOLE 0 13,926 0 0
iShares MSCI Spain Capped ETF COM 464286764 198 6,515 SH   SOLE 0 6,515 0 0
iShares MSCI Canada ETF COM 464286509 1,018 37,893 SH   SOLE 0 37,893 0 0
iShares MSCI Australia ETF COM 464286103 745 32,981 SH   SOLE 0 32,981 0 0
iShares MSCI Europe Financials ETF COM 464289180 635 31,266 SH   SOLE 0 31,266 0 0
iShares MSCI Russia Capped ETF COM 46434G798 645 20,112 SH   SOLE 0 20,112 0 0
WisdomTree India Earnings Fund COM 97717W422 343 14,249 SH   SOLE 0 14,249 0 0
iShares MSCI Israel Capped ETF COM 464286632 426 8,316 SH   SOLE 0 8,316 0 0
WisdomTree Japan Hedged Financials Fund COM 97717W463 1,978 83,904 SH   SOLE 0 83,904 0 0
WisdomTree Japan Hedged Capital Goods Fund COM 97717W356 687 27,436 SH   SOLE 0 27,436 0 0
WisdomTree Emerging Markets High Dividend Fund COM 97717W315 1,908 46,720 SH   SOLE 0 46,720 0 0
Guggenheim China Technology ETF COM 18383Q135 226 5,372 SH   SOLE 0 5,372 0 0
Grupo Supervielle SA Class B COM 40054A108 103 30,036 SH   SOLE 0 30,036 0 0
Leonardo SpA COM T6S996112 100 7,094 SH   SOLE 0 7,094 0 0
Adecoagro S.A. COM L00849106 28 2,446 SH   SOLE 0 2,446 0 0
Thales SA COM F9156M108 104 1,081 SH   SOLE 0 1,081 0 0
Dassault Aviation SA COM F24539102 107 84 SH   SOLE 0 84 0 0
Airbus SE COM N0280E105 105 1,378 SH   SOLE 0 1,378 0 0
YPF SA Class D COM P9897X131 43 1,779 SH   SOLE 0 1,779 0 0
Grupo Financiero Galicia SA Class B COM P49525101 34 9,135 SH   SOLE 0 9,135 0 0
Pampa Energia SA COM P7464E114 44 20,316 SH   SOLE 0 20,316 0 0
Cresud SA COM P3311R127 103 51,671 SH   SOLE 0 51,671 0 0
Banco Macro SA Class B COM P1047V123 32 3,736 SH   SOLE 0 3,736 0 0
BBVA Banco Frances SA COM P1624B102 82 13,405 SH   SOLE 0 13,405 0 0
BAE Systems plc COM G06940103 103 12,941 SH   SOLE 0 12,941 0 0
Global X MSCI Pakistan ETF COM 37950E689 290 17,114 SH   SOLE 0 17,114 0 0
SPDR S&P International Telecommunications Sector ETF COM 78463X640 740 30,754 SH   SOLE 0 30,754 0 0
SPDR S&P International Health Care Sector ETF COM 78463X681 2,155 45,959 SH   SOLE 0 45,959 0 0
SPDR S&P International Materials Sector ETF COM 78463X665 1,340 61,388 SH   SOLE 0 61,388 0 0
SPDR S&P International Energy Sector ETF COM 78463X715 2,570 140,822 SH   SOLE 0 140,822 0 0
SPDR S&P International Consumer Staples Sector ETF COM 78463X723 1,338 31,159 SH   SOLE 0 31,159 0 0
SPDR S&P International Industrial Sector ETF COM 78463X673 753 23,329 SH   SOLE 0 23,329 0 0
PowerShares International BuyBack Achievers Portfolio COM 73937B621 1,332 43,135 SH   SOLE 0 43,135 0 0
iShares Currency Hedged MSCI Spain ETF COM 46435G813 757 33,245 SH   SOLE 0 33,245 0 0
iShares Currency Hedged MSCI Germany ETF COM 46434V704 870 31,274 SH   SOLE 0 31,274 0 0
SPDR EURO STOXX 50 ETF COM 78463X202 1,836 50,519 SH   SOLE 0 50,519 0 0
iShares MSCI South Africa ETF COM 464286780 458 8,309 SH   SOLE 0 8,309 0 0
iShares MSCI Brazil Small-Cap ETF COM 464289131 448 32,888 SH   SOLE 0 32,888 0 0
iShares MSCI Brazil Capped ETF COM 464286400 463 12,378 SH   SOLE 0 12,378 0 0
iShares MSCI Taiwan Capped ETF COM 46434G772 712 21,440 SH   SOLE 0 21,440 0 0
iShares MSCI Spain Capped ETF COM 464286764 305 10,031 SH   SOLE 0 10,031 0 0
iShares MSCI Canada ETF COM 464286509 1,568 58,347 SH   SOLE 0 58,347 0 0
iShares MSCI Australia ETF COM 464286103 1,148 50,783 SH   SOLE 0 50,783 0 0
iShares MSCI Europe Financials ETF COM 464289180 978 48,143 SH   SOLE 0 48,143 0 0
iShares MSCI Russia Capped ETF COM 46434G798 994 30,964 SH   SOLE 0 30,964 0 0
WisdomTree India Earnings Fund COM 97717W422 529 21,947 SH   SOLE 0 21,947 0 0
iShares MSCI Israel Capped ETF COM 464286632 656 12,806 SH   SOLE 0 12,806 0 0
WisdomTree Japan Hedged Financials Fund COM 97717W463 3,046 129,194 SH   SOLE 0 129,194 0 0
WisdomTree Japan Hedged Capital Goods Fund COM 97717W356 1,058 42,239 SH   SOLE 0 42,239 0 0
WisdomTree Emerging Markets High Dividend Fund COM 97717W315 2,938 71,939 SH   SOLE 0 71,939 0 0
Guggenheim China Technology ETF COM 18383Q135 348 8,271 SH   SOLE 0 8,271 0 0
Grupo Supervielle SA Class B COM 40054A108 161 46,777 SH   SOLE 0 46,777 0 0
Leonardo SpA COM T6S996112 155 10,926 SH   SOLE 0 10,926 0 0
Adecoagro S.A. COM L00849106 43 3,766 SH   SOLE 0 3,766 0 0
Thales SA COM F9156M108 161 1,665 SH   SOLE 0 1,665 0 0
Dassault Aviation SA COM F24539102 164 129 SH   SOLE 0 129 0 0
Airbus SE COM N0280E105 161 2,122 SH   SOLE 0 2,122 0 0
YPF SA Class D COM P9897X131 66 2,738 SH   SOLE 0 2,738 0 0
Grupo Financiero Galicia SA Class B COM P49525101 53 14,068 SH   SOLE 0 14,068 0 0
Pampa Energia SA COM P7464E114 68 31,278 SH   SOLE 0 31,278 0 0
Cresud SA COM P3311R127 157 79,029 SH   SOLE 0 79,029 0 0
Banco Macro SA Class B COM P1047V123 50 5,763 SH   SOLE 0 5,763 0 0
BBVA Banco Frances SA COM P1624B102 128 20,853 SH   SOLE 0 20,853 0 0
BAE Systems plc COM G06940103 160 19,931 SH   SOLE 0 19,931 0 0
Global X MSCI Pakistan ETF COM 37950E689 342 20,152 SH   SOLE 0 20,152 0 0
SPDR S&P International Telecommunications Sector ETF COM 78463X640 872 36,217 SH   SOLE 0 36,217 0 0
SPDR S&P International Health Care Sector ETF COM 78463X681 2,538 54,122 SH   SOLE 0 54,122 0 0
SPDR S&P International Materials Sector ETF COM 78463X665 1,578 72,291 SH   SOLE 0 72,291 0 0
SPDR S&P International Energy Sector ETF COM 78463X715 3,027 165,835 SH   SOLE 0 165,835 0 0
SPDR S&P International Consumer Staples Sector ETF COM 78463X723 1,576 36,694 SH   SOLE 0 36,694 0 0
SPDR S&P International Industrial Sector ETF COM 78463X673 887 27,471 SH   SOLE 0 27,471 0 0
PowerShares International BuyBack Achievers Portfolio COM 73937B621 1,568 50,797 SH   SOLE 0 50,797 0 0
iShares Currency Hedged MSCI Spain ETF COM 46435G813 891 39,150 SH   SOLE 0 39,150 0 0
iShares Currency Hedged MSCI Germany ETF COM 46434V704 1,024 36,829 SH   SOLE 0 36,829 0 0
SPDR EURO STOXX 50 ETF COM 78463X202 2,162 59,492 SH   SOLE 0 59,492 0 0
iShares MSCI South Africa ETF COM 464286780 540 9,785 SH   SOLE 0 9,785 0 0
iShares MSCI Brazil Small-Cap ETF COM 464289131 528 38,729 SH   SOLE 0 38,729 0 0
iShares MSCI Brazil Capped ETF COM 464286400 546 14,577 SH   SOLE 0 14,577 0 0
iShares MSCI Taiwan Capped ETF COM 46434G772 838 25,246 SH   SOLE 0 25,246 0 0
iShares MSCI Spain Capped ETF COM 464286764 359 11,813 SH   SOLE 0 11,813 0 0
iShares MSCI Canada ETF COM 464286509 1,846 68,711 SH   SOLE 0 68,711 0 0
iShares MSCI Australia ETF COM 464286103 1,352 59,803 SH   SOLE 0 59,803 0 0
iShares MSCI Europe Financials ETF COM 464289180 1,152 56,695 SH   SOLE 0 56,695 0 0
iShares MSCI Russia Capped ETF COM 46434G798 1,171 36,463 SH   SOLE 0 36,463 0 0
WisdomTree India Earnings Fund COM 97717W422 623 25,836 SH   SOLE 0 25,836 0 0
iShares MSCI Israel Capped ETF COM 464286632 772 15,079 SH   SOLE 0 15,079 0 0
WisdomTree Japan Hedged Financials Fund COM 97717W463 3,587 152,142 SH   SOLE 0 152,142 0 0
WisdomTree Japan Hedged Capital Goods Fund COM 97717W356 1,245 49,740 SH   SOLE 0 49,740 0 0
WisdomTree Emerging Markets High Dividend Fund COM 97717W315 3,460 84,717 SH   SOLE 0 84,717 0 0
Guggenheim China Technology ETF COM 18383Q135 410 9,740 SH   SOLE 0 9,740 0 0
Grupo Supervielle SA Class B COM 40054A108 190 55,148 SH   SOLE 0 55,148 0 0
Leonardo SpA COM T6S996112 182 12,865 SH   SOLE 0 12,865 0 0
Adecoagro S.A. COM L00849106 50 4,435 SH   SOLE 0 4,435 0 0
Thales SA COM F9156M108 190 1,960 SH   SOLE 0 1,960 0 0
Dassault Aviation SA COM F24539102 193 152 SH   SOLE 0 152 0 0
Airbus SE COM N0280E105 190 2,499 SH   SOLE 0 2,499 0 0
YPF SA Class D COM P9897X131 78 3,225 SH   SOLE 0 3,225 0 0
Grupo Financiero Galicia SA Class B COM P49525101 63 16,569 SH   SOLE 0 16,569 0 0
Pampa Energia SA COM P7464E114 80 36,820 SH   SOLE 0 36,820 0 0
Cresud SA COM P3311R127 186 93,216 SH   SOLE 0 93,216 0 0
Banco Macro SA Class B COM P1047V123 58 6,782 SH   SOLE 0 6,782 0 0
BBVA Banco Frances SA COM P1624B102 151 24,428 SH   SOLE 0 24,428 0 0
BAE Systems plc COM G06940103 188 23,467 SH   SOLE 0 23,467 0 0