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
ABBVIE INC COMMON STOCK 00287Y109 68 1,150 SH   DFND 1,2 1,150 0 0
ACCENTURE PLC CL A COMMON STOCK B4BNMY3 6,573 62,900 SH   DFND 1,2 62,900 0 0
AES CORP (THE) COMMON STOCK 00130H105 30,595 3,197,000 SH   DFND 1,2 3,197,000 0 0
AGIOS PHARMACEUTICALS INC COMMON STOCK 00847X104 6,356 97,900 SH   DFND 1,2 97,900 0 0
ALIBABA GROUP HOLDING LTD ADR COMMON STOCK 01609W102 26,689 328,400 SH   DFND 1,2 328,400 0 0
ALLEGHENY TECHNOLOGIES INC COMMON STOCK 01741R102 147 13,071 SH   DFND 1,2 13,071 0 0
ALPHABET INC CL A COMMON STOCK 02079K305 9,272 11,917 SH   DFND 1,2 11,917 0 0
ALPHABET INC CL C COMMON STOCK 02079K107 12,301 16,210 SH   DFND 1,2 16,210 0 0
ALTRIA GROUP INC COMMON STOCK 02209S103 47 800 SH   DFND 1,2 800 0 0
AMAZON.COM INC COMMON STOCK 023135106 15,478 22,900 SH   DFND 1,2 22,900 0 0
AMERICA MOVIL SAB DE CV L ADR COMMON STOCK 02364W105 76,739 5,458,000 SH   DFND 1,2 5,458,000 0 0
AMERICAN TOWER CORP (REIT) COMMON STOCK 03027X100 8,091 83,451 SH   DFND 1,2 83,451 0 0
ANADARKO PETROLEUM CORP COMMON STOCK 032511107 1,705 35,090 SH   DFND 1,2 35,090 0 0
AON PLC CL A COMMON STOCK B5BT0K0 2,204 23,900 SH   DFND 1,2 23,900 0 0
APPLE INC COMMON STOCK 037833100 8,017 76,160 SH   DFND 1,2 76,160 0 0
ARCOS DORADOS HOLDINGS INC CL A COMMON STOCK B529PQ0 5,322 1,711,228 SH   DFND 1,2 1,711,228 0 0
ARTHUR J GALLAGHER & CO COMMON STOCK 363576109 164 4,000 SH   DFND 1,2 4,000 0 0
ASML HOLDING NV (USD) COMMON STOCK B908F01 1,496 16,856 SH   DFND 1,2 16,856 0 0
ASTRAZENECA PLC ADR COMMON STOCK 046353108 370 10,900 SH   DFND 1,2 10,900 0 0
BANCO BRADESCO SA PN ADR COMMON STOCK 059460303 21,727 4,517,082 SH   DFND 1,2 4,517,082 0 0
BRF SA ON ADR COMMON STOCK 10552T107 4,030 291,600 SH   DFND 1,2 291,600 0 0
BROADCOM CORP CL A COMMON STOCK 111320107 1,631 28,200 SH   DFND 1,2 28,200 0 0
CANADIAN NATIONAL RAILWAY CO (USD) COMMON STOCK 136375102 3,180 56,900 SH   DFND 1,2 56,900 0 0
CBS CORP CL B N/V COMMON STOCK 124857202 3,172 67,300 SH   DFND 1,2 67,300 0 0
CEMEX SAB DE CV CPO UNIT ADR (2 A SHRS + 1 B SHR) COMMON STOCK 151290889 62,383 11,199,740 SH   DFND 1,2 11,199,740 0 0
CENOVUS ENERGY INC COMMON STOCK 15135U109 3,174 251,967 SH   DFND 1,2 251,967 0 0
CENTURYLINK INC COMMON STOCK 156700106 45 1,800 SH   DFND 1,2 1,800 0 0
CERNER CORPORATION COMMON STOCK 156782104 6,825 113,436 SH   DFND 1,2 113,436 0 0
CHEVRON CORP COMMON STOCK 166764100 4,072 45,262 SH   DFND 1,2 45,262 0 0
CHUBB LTD COMMON STOCK B3BQMF6 3,359 28,750 SH   DFND 1,2 28,750 0 0
CME GROUP INC CL A COMMON STOCK 12572Q105 14,492 159,960 SH   DFND 1,2 159,960 0 0
COBALT INTERNATIONAL ENERGY INC COMMON STOCK 19075F106 22,742 4,211,493 SH   DFND 1,2 4,211,493 0 0
COBALT INTL ENERGY INC CV SR UNSEC 2.625% 12-01-19 CORP CONV BOND 19075FAA4 174 305,000 PRN   DFND 1,2 305,000 0 0
COBALT INTL ENERGY INC CV SR UNSEC 3.125% 05-15-24 CORP CONV BOND 19075FAB2 1,039 1,951,000 PRN   DFND 1,2 1,951,000 0 0
COCA-COLA CO COMMON STOCK 191216100 5,056 117,700 SH   DFND 1,2 117,700 0 0
COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A COMMON STOCK 192446102 1,440 24,000 SH   DFND 1,2 24,000 0 0
COMCAST CORP CL A COMMON STOCK 20030N101 4,672 82,800 SH   DFND 1,2 82,800 0 0
CONOCOPHILLIPS COMMON STOCK 20825C104 9,152 196,020 SH   DFND 1,2 196,020 0 0
CORE LABORATORIES COMMON STOCK 2182531 12,206 112,252 SH   DFND 1,2 112,252 0 0
COVANTA HOLDING CORP COMMON STOCK 22282E102 70 4,500 SH   DFND 1,2 4,500 0 0
CROWN CASTLE INTL CORP (REIT) COMMON STOCK 22822V101 164 1,900 SH   DFND 1,2 1,900 0 0
CTRIP.COM INTL ADR COMMON STOCK 22943F100 11,992 258,846 SH   DFND 1,2 258,846 0 0
DANAHER CORP COMMON STOCK 235851102 12,562 135,248 SH   DFND 1,2 135,248 0 0
DAVITA HEALTHCARE PARTNERS INC COMMON STOCK 23918K108 2,649 38,000 SH   DFND 1,2 38,000 0 0
DELPHI AUTOMOTIVE PLC COMMON STOCK B783TY6 8,076 94,200 SH   DFND 1,2 94,200 0 0
DOW CHEMICAL CO COMMON STOCK 260543103 108 2,100 SH   DFND 1,2 2,100 0 0
DREAMWORKS ANIMATION SKG INC CL A COMMON STOCK 26153C103 1,471 57,084 SH   DFND 1,2 57,084 0 0
EATON CORP PLC COMMON STOCK B8KQN82 9,300 178,700 SH   DFND 1,2 178,700 0 0
ELI LILLY AND CO COMMON STOCK 532457108 11,322 134,370 SH   DFND 1,2 134,370 0 0
ENBRIDGE INC COMMON STOCK 29250N105 4,594 138,740 SH   DFND 1,2 138,740 0 0
ENERSIS SA ADR COMMON STOCK 29274F104 26,959 2,218,834 SH   DFND 1,2 2,218,834 0 0
ENSCO PLC CL A COMMON STOCK B4VLR19 606 39,400 SH   DFND 1,2 39,400 0 0
EOG RESOURCES INC COMMON STOCK 26875P101 5,575 78,750 SH   DFND 1,2 78,750 0 0
EXXON MOBIL CORP COMMON STOCK 30231G102 5,308 68,100 SH   DFND 1,2 68,100 0 0
FREEPORT-MCMORAN INC COMMON STOCK 35671D857 1,160 171,354 SH   DFND 1,2 171,354 0 0
GANNETT CO INC COMMON STOCK 36473H104 85 5,200 SH   DFND 1,2 5,200 0 0
GENERAL ELECTRIC CO COMMON STOCK 369604103 16 500 SH   DFND 1,2 500 0 0
GERDAU SA PN ADR COMMON STOCK 373737105 1,225 1,020,500 SH   DFND 1,2 1,020,500 0 0
GILEAD SCIENCES INC COMMON STOCK 375558103 10,605 104,800 SH   DFND 1,2 104,800 0 0
GOLAR LNG LTD (USD) COMMON STOCK 2367963 2,282 144,500 SH   DFND 1,2 144,500 0 0
GOLDMAN SACHS GROUP INC COMMON STOCK 38141G104 26,096 144,790 SH   DFND 1,2 144,790 0 0
GRANA Y MONTERO SAA ADR COMMON STOCK 38500P208 1,845 627,700 SH   DFND 1,2 627,700 0 0
HALLIBURTON CO COMMON STOCK 406216101 1,975 58,021 SH   DFND 1,2 58,021 0 0
HDFC BANK LTD ADR COMMON STOCK 40415F101 12 200 SH   DFND 1,2 200 0 0
HEXCEL CORPORATION COMMON STOCK 428291108 8,082 174,000 SH   DFND 1,2 174,000 0 0
HOME DEPOT INC COMMON STOCK 437076102 2,314 17,500 SH   DFND 1,2 17,500 0 0
ICICI BANK LTD ADR COMMON STOCK 45104G104 29,489 3,766,175 SH   DFND 1,2 3,766,175 0 0
IDEX CORP COMMON STOCK 45167R104 1,660 21,666 SH   DFND 1,2 21,666 0 0
ILLUMINA INC COMMON STOCK 452327109 8,456 44,055 SH   DFND 1,2 44,055 0 0
INCYTE CORP COMMON STOCK 45337C102 24,264 223,732 SH   DFND 1,2 223,732 0 0
INTERCONTINENTAL EXCHANGE INC COMMON STOCK 45866F104 5,228 20,400 SH   DFND 1,2 20,400 0 0
INTERNATIONAL BUSINESS MACHINES CORP COMMON STOCK 459200101 81 590 SH   DFND 1,2 590 0 0
IRON MOUNTAIN INC (REIT) COMMON STOCK 46284V101 122 4,510 SH   DFND 1,2 4,510 0 0
ITAU UNIBANCO HOLDING SA PN ADR COMMON STOCK 465562106 27,564 4,234,083 SH   DFND 1,2 4,234,083 0 0
JABIL CIRCUIT INC COMMON STOCK 466313103 1,884 80,900 SH   DFND 1,2 80,900 0 0
JD.COM INC A ADR COMMON STOCK 47215P106 6,011 186,300 SH   DFND 1,2 186,300 0 0
JPMORGAN CHASE & CO COMMON STOCK 46625H100 7,436 112,609 SH   DFND 1,2 112,609 0 0
KINDER MORGAN INC COMMON STOCK 49456B101 64 4,300 SH   DFND 1,2 4,300 0 0
LAMAR ADVERTISING CO CL A (REIT) COMMON STOCK 512816109 90 1,500 SH   DFND 1,2 1,500 0 0
LAS VEGAS SANDS CORP COMMON STOCK 517834107 285 6,500 SH   DFND 1,2 6,500 0 0
LIBERTY GLOBAL PLC CL A COMMON STOCK B8W6766 7,782 183,700 SH   DFND 1,2 183,700 0 0
LULULEMON ATHLETICA INC COMMON STOCK 550021109 5,132 97,800 SH   DFND 1,2 97,800 0 0
LYONDELLBASELL INDUSTRIES NV COMMON STOCK B3SPXZ3 77 890 SH   DFND 1,2 890 0 0
MARSH & MCLENNAN COMPANIES INC COMMON STOCK 571748102 5,085 91,700 SH   DFND 1,2 91,700 0 0
MEDTRONIC PLC COMMON STOCK BTN1Y11 4,323 56,200 SH   DFND 1,2 56,200 0 0
MELCO CROWN ENTERTAINMENT LTD ADR COMMON STOCK 585464100 51,952 3,092,400 SH   DFND 1,2 3,092,400 0 0
MERCADOLIBRE INC COMMON STOCK 58733R102 27,543 240,889 SH   DFND 1,2 240,889 0 0
MERCURY GENERAL CORP COMMON STOCK 589400100 121 2,600 SH   DFND 1,2 2,600 0 0
MICROSOFT CORP COMMON STOCK 594918104 27,829 501,600 SH   DFND 1,2 501,600 0 0
MONDELEZ INTERNATIONAL INC COMMON STOCK 609207105 4,000 89,200 SH   DFND 1,2 89,200 0 0
MONSANTO CO COMMON STOCK 61166W101 9,175 93,129 SH   DFND 1,2 93,129 0 0
MOODYS CORP COMMON STOCK 615369105 4,385 43,700 SH   DFND 1,2 43,700 0 0
MOSAIC COMPANY (THE) COMMON STOCK 61945C103 1,115 40,400 SH   DFND 1,2 40,400 0 0
NETAPP INC COMMON STOCK 64110D104 2,369 89,300 SH   DFND 1,2 89,300 0 0
NEW ORIENTAL EDU & TECH GRP INC ADR COMMON STOCK 647581107 1,747 55,700 SH   DFND 1,2 55,700 0 0
NEWELL RUBBERMAID INC COMMON STOCK 651229106 10,866 246,500 SH   DFND 1,2 246,500 0 0
NIELSEN HOLDINGS PLC COMMON STOCK BWFY550 10,864 233,140 SH   DFND 1,2 233,140 0 0
NIKE INC CL B COMMON STOCK 654106103 2,438 39,000 SH   DFND 1,2 39,000 0 0
NOBLE ENERGY INC COMMON STOCK 655044105 3,685 111,904 SH   DFND 1,2 111,904 0 0
NORFOLK SOUTHERN CORP COMMON STOCK 655844108 68 800 SH   DFND 1,2 800 0 0
NUCOR CORP COMMON STOCK 670346105 50 1,240 SH   DFND 1,2 1,240 0 0
OCCIDENTAL PETROLEUM CORP COMMON STOCK 674599105 230 3,400 SH   DFND 1,2 3,400 0 0
ON SEMICONDUCTOR CORP COMMON STOCK 682189105 2,770 282,660 SH   DFND 1,2 282,660 0 0
PACWEST BANCORP COMMON STOCK 695263103 116 2,700 SH   DFND 1,2 2,700 0 0
PAYCHEX INC COMMON STOCK 704326107 196 3,700 SH   DFND 1,2 3,700 0 0
PEPSICO INC COMMON STOCK 713448108 1,799 18,000 SH   DFND 1,2 18,000 0 0
PFIZER INC COMMON STOCK 717081103 168 5,200 SH   DFND 1,2 5,200 0 0
PHILIP MORRIS INTERNATIONAL COMMON STOCK 718172109 13,244 150,649 SH   DFND 1,2 150,649 0 0
POTASH CORP OF SASKATCHEWAN INC COMMON STOCK 73755L107 928 54,200 SH   DFND 1,2 54,200 0 0
PRAXAIR INC COMMON STOCK 74005P104 1,428 13,950 SH   DFND 1,2 13,950 0 0
PRICELINE GROUP INC (THE) COMMON STOCK 741503403 12,061 9,460 SH   DFND 1,2 9,460 0 0
PROCTER & GAMBLE CO COMMON STOCK 742718109 2,914 36,700 SH   DFND 1,2 36,700 0 0
PUMA BIOTECHNOLOGY INC COMMON STOCK 74587V107 6,699 85,450 SH   DFND 1,2 85,450 0 0
ROYAL CARIBBEAN CRUISES LTD COMMON STOCK 2754907 15,161 149,800 SH   DFND 1,2 149,800 0 0
RYANAIR HOLDINGS PLC ADR COMMON STOCK 783513203 1,236 14,300 SH   DFND 1,2 14,300 0 0
SCHLUMBERGER LTD COMMON STOCK 806857108 9,362 134,222 SH   DFND 1,2 134,222 0 0
SEADRILL LTD COMMON STOCK B09RMQ1 1,199 347,371 SH   DFND 1,2 347,371 0 0
SEADRILL LTD (USD) COMMON STOCK B0HWHV8 522 153,900 SH   DFND 1,2 153,900 0 0
SEMPRA ENERGY COMMON STOCK 816851109 3,563 37,900 SH   DFND 1,2 37,900 0 0
ST JUDE MEDICAL COMMON STOCK 790849103 4,850 78,525 SH   DFND 1,2 78,525 0 0
STARBUCKS CORP COMMON STOCK 855244109 13,201 219,915 SH   DFND 1,2 219,915 0 0
SYNCHRONY FINANCIAL COMMON STOCK 87165B103 3,918 128,852 SH   DFND 1,2 128,852 0 0
TABLEAU SOFTWARE INC CL A COMMON STOCK 87336U105 2,959 31,400 SH   DFND 1,2 31,400 0 0
TAIWAN SEMICONDUCTOR MFG CO ADR COMMON STOCK 874039100 5,236 230,148 SH   DFND 1,2 230,148 0 0
TENARIS SA ADR COMMON STOCK 88031M109 9,659 405,846 SH   DFND 1,2 405,846 0 0
TEXAS INSTRUMENTS INC COMMON STOCK 882508104 181 3,300 SH   DFND 1,2 3,300 0 0
TOWERS WATSON & CO CL A COMMON STOCK 891894107 2,171 16,900 SH   DFND 1,2 16,900 0 0
TRANSDIGM GROUP INC COMMON STOCK 893641100 4,569 20,000 SH   DFND 1,2 20,000 0 0
UBS GROUP AG COMMON STOCK BRJL176 5,827 298,806 SH   DFND 1,2 298,806 0 0
UMPQUA HOLDINGS CORP COMMON STOCK 904214103 234 14,700 SH   DFND 1,2 14,700 0 0
UNION PACIFIC CORP COMMON STOCK 907818108 4,004 51,200 SH   DFND 1,2 51,200 0 0
VALE SA PNA ADR COMMON STOCK 91912E204 42,928 16,834,700 SH   DFND 1,2 16,834,700 0 0
VERISIGN INC COMMON STOCK 92343E102 7,347 84,100 SH   DFND 1,2 84,100 0 0
VERIZON COMMUNICATIONS INC COMMON STOCK 92343V104 456 9,860 SH   DFND 1,2 9,860 0 0
VIACOM INC CL B COMMON STOCK 92553P201 82 2,000 SH   DFND 1,2 2,000 0 0
VISA INC CL A COMMON STOCK 92826C839 17,441 224,900 SH   DFND 1,2 224,900 0 0
WALT DISNEY COMPANY (THE) COMMON STOCK 254687106 5,869 55,850 SH   DFND 1,2 55,850 0 0
WELLS FARGO & CO COMMON STOCK 949746101 11,628 213,900 SH   DFND 1,2 213,900 0 0
WHIRLPOOL CORP COMMON STOCK 963320106 1,439 9,800 SH   DFND 1,2 9,800 0 0
WYNN RESORTS LTD COMMON STOCK 983134107 4,269 61,700 SH   DFND 1,2 61,700 0 0
XILINX INC COMMON STOCK 983919101 5,688 121,100 SH   DFND 1,2 121,100 0 0
YANDEX NV A COMMON STOCK B5BSZB3 26,332 1,675,075 SH   DFND 1,2 1,675,075 0 0
YANDEX NV CV SR UNSEC 1.125% 12-15-18 CORP CONV BOND 98474TAB3 92 106,000 PRN   DFND 1,2 106,000 0 0
YPF SOCIEDAD ANONIMA D ADR COMMON STOCK 984245100 25,995 1,653,600 SH   DFND 1,2 1,653,600 0 0
YUM! BRANDS INC COMMON STOCK 988498101 1,476 20,200 SH   DFND 1,2 20,200 0 0