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 9,676 69,000 SH   DFND 1 69,000 0 0
ABBOTT LABORATORIES COM 002824100 5,750 150,000 SH   DFND 1 150,000 0 0
ABBVIE INC COM 00287Y109 8,976 170,000 SH   DFND 1 170,000 0 0
ACCENTURE PLC CL A COM G1151C101 5,345 65,000 SH   DFND 1 65,000 0 0
ACE LTD COM H0023R105 3,726 36,000 SH   DFND 1 36,000 0 0
ACTAVIS PLC COM G0083B108 12,097 72,000 SH   DFND 1 72,000 0 0
AIRGAS INC COM 009363102 5,702 51,000 SH   DFND 1 51,000 0 0
ALLEGHENY TECHNOLOGIES IN COM 01741R102 5,877 165,000 SH   DFND 1 165,000 0 0
ALLERGAN INC COM 018490102 9,109 82,000 SH   DFND 1 82,000 0 0
ALLIANCE DATA SYSTEMS COR COM 018581108 7,099 27,000 SH   DFND 1 27,000 0 0
ALLSTATE CORP COM 020002101 2,672 49,000 SH   DFND 1 49,000 0 0
ALTRIA GROUP INC COM 02209S103 7,676 200,000 SH   DFND 1 200,000 0 0
AMAZON.COM INC COM 023135106 13,940 35,000 SH   DFND 1 35,000 0 0
AMBEV SA ADR ADR 02319V103 2,386 325,000 SH   DFND 1 325,000 0 0
AMERICA MOVIL ADR SERIES ADR 02364W204 13,992 600,000 SH   DFND 1 600,000 0 0
AMERICA MOVIL ADR SERIES ADR 02364W105 4,731 202,448 SH   DFND 1 202,448 0 0
AMERICAN EXPRESS CO COM 025816109 18,144 200,000 SH   DFND 1 200,000 0 0
AMERICAN INTERNATIONAL GR COM 026874784 7,760 152,000 SH   DFND 1 152,000 0 0
AMERISOURCEBERGEN CORP COM 03073E105 10,478 149,000 SH   DFND 1 149,000 0 0
AMGEN INC COM 031162100 8,900 78,000 SH   DFND 1 78,000 0 0
ANADARKO PETROLEUM CORP COM 032511107 3,965 50,000 SH   DFND 1 50,000 0 0
AON PLC COM G0408V102 2,684 32,000 SH   DFND 1 32,000 0 0
APACHE CORP COM 037411105 3,437 40,000 SH   DFND 1 40,000 0 0
APPLE INC COM 037833100 52,717 94,000 SH   DFND 1 94,000 0 0
APPLIED MATERIALS INC COM 038222105 2,210 125,000 SH   DFND 1 125,000 0 0
ARTHUR J GALLAGHER + CO COM 363576109 9,386 200,000 SH   DFND 1 200,000 0 0
AT+T INC COM 00206R102 19,327 550,000 SH   DFND 1 550,000 0 0
AUTOMATIC DATA PROCESSING COM 053015103 13,330 165,000 SH   DFND 1 165,000 0 0
BAIDU INC SPON ADR ADR 056752108 8,893 50,000 SH   DFND 1 50,000 0 0
BAKER HUGHES INC COM 057224107 7,847 142,000 SH   DFND 1 142,000 0 0
BANCO BRADESCO ADR ADR 059460303 1,751 139,755 SH   DFND 1 139,755 0 0
BANK OF AMERICA CORP COM 060505104 16,738 1,075,000 SH   DFND 1 1,075,000 0 0
BANK OF NEW YORK MELLON C COM 064058100 14,671 420,000 SH   DFND 1 420,000 0 0
BERKSHIRE HATHAWAY INC C COM 084670702 23,704 200,000 SH   DFND 1 200,000 0 0
BIOGEN IDEC INC COM 09062X103 4,195 15,000 SH   DFND 1 15,000 0 0
BOEING CO/THE COM 097023105 9,554 70,000 SH   DFND 1 70,000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 8,502 160,000 SH   DFND 1 160,000 0 0
BROADCOM CORP CL A COM 111320107 6,965 235,000 SH   DFND 1 235,000 0 0
CAPITAL ONE FINANCIAL COR COM 14040H105 9,270 121,000 SH   DFND 1 121,000 0 0
CARDINAL HEALTH INC COM 14149Y108 13,360 200,000 SH   DFND 1 200,000 0 0
CATERPILLAR INC COM 149123101 5,993 66,000 SH   DFND 1 66,000 0 0
CBS CORP CLASS B NON VOTI COM 124857202 3,759 59,000 SH   DFND 1 59,000 0 0
CELGENE CORP COM 151020104 4,222 25,000 SH   DFND 1 25,000 0 0
CEMEX SAB SPONS ADR PART ADR 151290889 3,880 328,236 SH   DFND 1 328,236 0 0
CHEVRON CORP COM 166764100 24,357 195,000 SH   DFND 1 195,000 0 0
CHUBB CORP COM 171232101 11,399 118,000 SH   DFND 1 118,000 0 0
CHURCH + DWIGHT CO INC COM 171340102 11,599 175,000 SH   DFND 1 175,000 0 0
CIA SIDERURGICA NACL SP A ADR 20440W105 405 65,400 SH   DFND 1 65,400 0 0
CINTAS CORP COM 172908105 6,255 105,000 SH   DFND 1 105,000 0 0
CISCO SYSTEMS INC COM 17275R102 12,118 540,000 SH   DFND 1 540,000 0 0
CITIGROUP INC COM 172967424 25,003 480,000 SH   DFND 1 480,000 0 0
CME GROUP INC COM 12572Q105 3,138 40,000 SH   SOLE   40,000 0 0
COCA COLA CO/THE COM 191216100 17,755 430,000 SH   DFND 1 430,000 0 0
COLGATE PALMOLIVE CO COM 194162103 5,803 89,000 SH   DFND 1 89,000 0 0
COMCAST CORP CLASS A COM 20030N101 13,767 265,000 SH   DFND 1 265,000 0 0
CONOCOPHILLIPS COM 20825C104 9,186 130,000 SH   DFND 1 130,000 0 0
CORNING INC COM 219350105 10,769 605,000 SH   DFND 1 605,000 0 0
COSTCO WHOLESALE CORP COM 22160K105 5,712 48,000 SH   DFND 1 48,000 0 0
COVIDIEN PLC COM G2554F113 15,661 230,000 SH   DFND 1 230,000 0 0
CSX CORP COM 126408103 15,818 550,000 SH   DFND 1 550,000 0 0
CTRIP.COM INTERNATIONAL A ADR 22943F100 6,947 140,000 SH   DFND 1 140,000 0 0
CVS CAREMARK CORP COM 126650100 9,303 130,000 SH   DFND 1 130,000 0 0
DANAHER CORP COM 235851102 4,709 61,000 SH   DFND 1 61,000 0 0
DEERE + CO COM 244199105 9,042 99,000 SH   DFND 1 99,000 0 0
DELTA AIR LINES INC COM 247361702 10,988 400,000 SH   DFND 1 400,000 0 0
DEVON ENERGY CORPORATION COM 25179M103 11,510 186,000 SH   DFND 1 186,000 0 0
DIRECTV COM 25490A309 3,868 56,000 SH   DFND 1 56,000 0 0
DOW CHEMICAL CO/THE COM 260543103 5,769 130,000 SH   DFND 1 130,000 0 0
DU PONT (E.I.) DE NEMOURS COM 263534109 14,293 220,000 SH   DFND 1 220,000 0 0
DUKE ENERGY CORP COM 26441C204 12,422 180,000 SH   DFND 1 180,000 0 0
EBAY INC COM 278642103 6,420 117,000 SH   DFND 1 117,000 0 0
ECOLAB INC COM 278865100 2,919 28,000 SH   DFND 1 28,000 0 0
ELI LILLY + CO COM 532457108 5,356 105,000 SH   DFND 1 105,000 0 0
EMBRAER SA ADR ADR 29082A107 322 10,000 SH   DFND 1 10,000 0 0
EMC CORP/MA COM 268648102 5,684 226,000 SH   DFND 1 226,000 0 0
EMERSON ELECTRIC CO COM 291011104 10,597 151,000 SH   DFND 1 151,000 0 0
EXPRESS SCRIPTS HOLDING C COM 30219G108 6,321 90,000 SH   DFND 1 90,000 0 0
EXXON MOBIL CORP COM 30231G102 46,147 456,000 SH   DFND 1 456,000 0 0
FACEBOOK INC A COM 30303M102 7,103 130,000 SH   DFND 1 130,000 0 0
FEDEX CORP COM 31428X106 4,457 31,000 SH   DFND 1 31,000 0 0
FISERV INC COM 337738108 7,204 122,000 SH   DFND 1 122,000 0 0
FOMENTO ECONOMICO MEX SP ADR 344419106 10,891 111,300 SH   DFND 1 111,300 0 0
FORD MOTOR CO COM 345370860 6,087 395,000 SH   DFND 1 395,000 0 0
FOSTER WHEELER AG COM H27178104 11,557 350,000 SH   DFND 1 350,000 0 0
FREEPORT MCMORAN COPPER W COM 35671D857 4,151 110,000 SH   DFND 1 110,000 0 0
GENERAL ELECTRIC CO COM 369604103 38,962 1,390,000 SH   DFND 1 1,390,000 0 0
GENERAL MOTORS CO COM 37045V100 3,883 95,000 SH   DFND 1 95,000 0 0
GILEAD SCIENCES INC COM 375558103 11,645 155,000 SH   DFND 1 155,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 7,090 40,000 SH   DFND 1 40,000 0 0
GOOGLE INC CL A COM 38259P508 31,359 28,000 SH   DFND 1 28,000 0 0
GRUPO TELEVISA SA SPON AD ADR 40049J206 4,690 155,000 SH   DFND 1 155,000 0 0
HALLIBURTON CO COM 406216101 4,466 88,000 SH   DFND 1 88,000 0 0
HARTFORD FINANCIAL SVCS G COM 416515104 10,869 300,000 SH   DFND 1 300,000 0 0
HEWLETT PACKARD CO COM 428236103 5,596 200,000 SH   DFND 1 200,000 0 0
HOME DEPOT INC COM 437076102 11,938 145,000 SH   DFND 1 145,000 0 0
HONEYWELL INTERNATIONAL I COM 438516106 16,447 180,000 SH   DFND 1 180,000 0 0
INTEL CORP COM 458140100 13,364 515,000 SH   DFND 1 515,000 0 0
INTERNATIONAL PAPER CO COM 460146103 2,206 45,000 SH   DFND 1 45,000 0 0
INTL BUSINESS MACHINES CO COM 459200101 20,996 112,000 SH   DFND 1 112,000 0 0
ITAU UNIBANCO HLDNG PREF ADR 465562106 1,026 75,625 SH   DFND 1 75,625 0 0
JOHNSON + JOHNSON COM 478160104 33,427 365,000 SH   DFND 1 365,000 0 0
JOHNSON CONTROLS INC COM 478366107 3,489 68,000 SH   DFND 1 68,000 0 0
JPMORGAN CHASE + CO COM 46625H100 31,866 545,000 SH   DFND 1 545,000 0 0
KEYCORP COM 493267108 12,078 900,000 SH   DFND 1 900,000 0 0
KIMBERLY CLARK CORP COM 494368103 3,969 38,000 SH   DFND 1 38,000 0 0
KINDER MORGAN INC COM 49456B119 778 192,000 SH   DFND 1 192,000 0 0
LAS VEGAS SANDS CORP COM 517834107 12,460 158,000 SH   DFND 1 158,000 0 0
LYONDELLBASELL INDU CL A COM N53745100 3,692 46,000 SH   DFND 1 46,000 0 0
MACY S INC COM 55616P104 11,904 223,000 SH   DFND 1 223,000 0 0
MASTERCARD INC CLASS A COM 57636Q104 9,190 11,000 SH   DFND 1 11,000 0 0
MCDONALD S CORP COM 580135101 10,187 105,000 SH   DFND 1 105,000 0 0
MCKESSON CORP COM 58155Q103 3,872 24,000 SH   DFND 1 24,000 0 0
MEDTRONIC INC COM 585055106 5,739 100,000 SH   DFND 1 100,000 0 0
MELCO CROWN ENTERTAINME A ADR 585464100 23,520 600,000 SH   DFND 1 600,000 0 0
MERCK + CO. INC. COM 58933Y105 15,018 300,000 SH   DFND 1 300,000 0 0
METLIFE INC COM 59156R108 4,852 90,000 SH   DFND 1 90,000 0 0
MICRON TECHNOLOGY INC COM 595112103 10,658 490,000 SH   DFND 1 490,000 0 0
MICROSOFT CORP COM 594918104 36,110 965,000 SH   DFND 1 965,000 0 0
MONDELEZ INTERNATIONAL IN COM 609207105 6,529 185,000 SH   DFND 1 185,000 0 0
MONSANTO CO COM 61166W101 15,385 132,000 SH   DFND 1 132,000 0 0
MORGAN STANLEY COM 617446448 4,389 140,000 SH   DFND 1 140,000 0 0
NABORS INDUSTRIES LTD COM G6359F103 9,769 575,000 SH   DFND 1 575,000 0 0
NASDAQ OMX GROUP/THE COM 631103108 5,411 136,000 SH   DFND 1 136,000 0 0
NATIONAL OILWELL VARCO IN COM 637071101 11,928 150,000 SH   DFND 1 150,000 0 0
NEW ORIENTAL EDUCATIO SP ADR 647581107 9,075 288,000 SH   DFND 1 288,000 0 0
NIKE INC CL B COM 654106103 4,798 61,000 SH   DFND 1 61,000 0 0
NORFOLK SOUTHERN CORP COM 655844108 15,778 170,000 SH   DFND 1 170,000 0 0
NORTHERN TRUST CORP COM 665859104 12,685 205,000 SH   DFND 1 205,000 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 7,798 82,000 SH   DFND 1 82,000 0 0
OI SA ADR ADR 670851203 436 276,066 SH   DFND 1 276,066 0 0
OI SA ADR ADR 670851104 42 26,930 SH   DFND 1 26,930 0 0
ORACLE CORP COM 68389X105 14,160 370,000 SH   DFND 1 370,000 0 0
PEABODY ENERGY CORP COM 704549104 2,539 130,000 SH   DFND 1 130,000 0 0
PEPSICO INC COM 713448108 13,186 159,000 SH   DFND 1 159,000 0 0
PETROLEO BRASILEIRO S.A. ADR 71654V408 1,239 90,000 SH   DFND 1 90,000 0 0
PETROLEO BRASILEIRO SPON ADR 71654V101 2,204 150,127 SH   DFND 1 150,127 0 0
PFIZER INC COM 717081103 32,763 1,070,000 SH   DFND 1 1,070,000 0 0
PHILIP MORRIS INTERNATION COM 718172109 15,682 180,000 SH   DFND 1 180,000 0 0
PHILLIPS 66 COM 718546104 4,859 63,000 SH   DFND 1 63,000 0 0
PLUM CREEK TIMBER CO COM 729251108 9,761 210,000 SH   DFND 1 210,000 0 0
PNC FINANCIAL SERVICES GR COM 693475105 4,189 54,000 SH   DFND 1 54,000 0 0
PPL CORPORATION COM 69351T106 2,106 70,000 SH   DFND 1 70,000 0 0
PRAXAIR INC COM 74005P104 3,901 30,000 SH   DFND 1 30,000 0 0
PRECISION CASTPARTS CORP COM 740189105 4,039 15,000 SH   DFND 1 15,000 0 0
PRICELINE.COM INC COM 741503403 5,810 5,000 SH   DFND 1 5,000 0 0
PRINCIPAL FINANCIAL GROUP COM 74251V102 10,353 210,000 SH   DFND 1 210,000 0 0
PROCTER + GAMBLE CO/THE COM 742718109 22,955 282,000 SH   DFND 1 282,000 0 0
PRUDENTIAL FINANCIAL INC COM 744320102 4,427 48,000 SH   DFND 1 48,000 0 0
PUBLIC SERVICE ENTERPRISE COM 744573106 10,250 320,000 SH   DFND 1 320,000 0 0
QUALCOMM INC COM 747525103 13,139 177,000 SH   DFND 1 177,000 0 0
SCHLUMBERGER LTD COM 806857108 11,714 130,000 SH   DFND 1 130,000 0 0
SEAGATE TECHNOLOGY COM G7945M107 1,797 32,000 SH   DFND 1 32,000 0 0
SEALED AIR CORP COM 81211K100 11,570 340,000 SH   DFND 1 340,000 0 0
SIMON PROPERTY GROUP INC COM 828806109 4,868 32,000 SH   DFND 1 32,000 0 0
SINA CORP COM G81477104 7,160 85,000 SH   DFND 1 85,000 0 0
SOUTHERN CO/THE COM 842587107 3,699 90,000 SH   DFND 1 90,000 0 0
STANLEY BLACK + DECKER IN COM 854502101 6,858 85,000 SH   DFND 1 85,000 0 0
STARBUCKS CORP COM 855244109 5,878 75,000 SH   DFND 1 75,000 0 0
STARWOOD HOTELS + RESORTS COM 85590A401 12,715 160,000 SH   DFND 1 160,000 0 0
STATE STREET CORP COM 857477103 3,303 45,000 SH   DFND 1 45,000 0 0
STERICYCLE INC COM 858912108 12,195 105,000 SH   DFND 1 105,000 0 0
TARGET CORP COM 87612E106 4,239 67,000 SH   DFND 1 67,000 0 0
TEXAS INSTRUMENTS INC COM 882508104 5,488 125,000 SH   DFND 1 125,000 0 0
THERMO FISHER SCIENTIFIC COM 883556102 4,120 37,000 SH   DFND 1 37,000 0 0
TIME WARNER CABLE COM 88732J207 3,792 28,000 SH   DFND 1 28,000 0 0
TIME WARNER INC COM 887317303 6,275 90,000 SH   DFND 1 90,000 0 0
TJX COMPANIES INC COM 872540109 14,339 225,000 SH   DFND 1 225,000 0 0
TRAVELERS COS INC/THE COM 89417E109 12,220 135,000 SH   DFND 1 135,000 0 0
TWENTY FIRST CENTURY FOX COM 90130A101 5,627 160,000 SH   DFND 1 160,000 0 0
UNION PACIFIC CORP COM 907818108 8,399 50,000 SH   DFND 1 50,000 0 0
UNITED PARCEL SERVICE CL COM 911312106 20,489 195,000 SH   DFND 1 195,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 19,343 170,000 SH   DFND 1 170,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102 13,176 175,000 SH   DFND 1 175,000 0 0
UNIVERSAL HEALTH SERVICES COM 913903100 5,769 71,000 SH   DFND 1 71,000 0 0
US BANCORP COM 902973304 20,801 515,000 SH   DFND 1 515,000 0 0
VALE SA SP ADR ADR 91912E105 3,405 223,407 SH   DFND 1 223,407 0 0
VALERO ENERGY CORP COM 91913Y100 2,873 57,000 SH   DFND 1 57,000 0 0
VERIZON COMMUNICATIONS IN COM 92343V104 14,245 290,000 SH   DFND 1 290,000 0 0
VIACOM INC CLASS B COM 92553P201 3,842 44,000 SH   DFND 1 44,000 0 0
VIPSHOP HLDGS LTD SPONSOR COM 92763W103 285 3,409 SH   SOLE   3,409 0 0
VISA INC CLASS A SHARES COM 92826C839 11,133 50,000 SH   DFND 1 50,000 0 0
WAL MART STORES INC COM 931142103 13,690 174,000 SH   DFND 1 174,000 0 0
WALGREEN CO COM 931422109 5,170 90,000 SH   DFND 1 90,000 0 0
WALT DISNEY CO/THE COM 254687106 13,750 180,000 SH   DFND 1 180,000 0 0
WELLPOINT INC COM 94973V107 2,863 31,000 SH   DFND 1 31,000 0 0
WELLS FARGO + CO COM 949746101 24,420 538,000 SH   DFND 1 538,000 0 0
WEYERHAEUSER CO COM 962166104 1,894 60,000 SH   DFND 1 60,000 0 0
WHITEWAVE FOODS CO CL A COM 966244105 10,323 450,000 SH   DFND 1 450,000 0 0
WISCONSIN ENERGY CORP COM 976657106 9,508 230,000 SH   DFND 1 230,000 0 0
YUM BRANDS INC COM 988498101 3,554 47,000 SH   DFND 1 47,000 0 0
ZIMMER HOLDINGS INC COM 98956P102 11,180 120,000 SH   DFND 1 120,000 0 0