ABERDEEN EMERGING MARKETS EQUITY INCOME FUND INC COM 00301W105 227 26031 SH DFND 1 0 26031 0 ALBEMARLE CORP COM 012653101 20859 89010 SH DFND 1 0 89010 0 AMBEV SA ADR 02319V103 14 5104 SH DFND 1 0 5104 0 AZUL SA ADR 05501U106 211 16020 SH DFND 1 0 16020 0 BANCO SANTANDER BRASIL SA ADR 05967A107 171 31916 SH DFND 1 0 31916 0 BRF BRASIL FOODS SA ADR 10552T107 201 49357 SH DFND 1 0 49357 0 CEMEX SAB DE CV ADR 151290889 685 100605 SH DFND 1 0 100605 0 CENTRAL PUERTO SA ADR 155038201 271 85070 SH DFND 1 0 85070 0 COCA COLA FEMSA SAB DE CV ADR 191241108 178 3266 SH DFND 1 0 3266 0 COPA HOLDINGS SA COM P31076105 1301 15807 SH DFND 1 0 15807 0 CREDICORP LTD COM G2519Y108 632 5055 SH DFND 1 0 5055 0 DBX ETF TRUST XTRACKERS HARVEST CSI 300 CHINA A SHARES ETF ETF 233051879 94358 2415102 SH DFND 1 0 2415102 0 FOMENTO ECONOMICO MEXICANO SAB DE CV ADR 344419106 293 3790 SH DFND 1 0 3790 0 GERDAU SA ADR 373737105 434 88661 SH DFND 1 0 88661 0 GRUPO SUPERVIELLE SA ADR 40054A108 6 3293 SH DFND 1 0 3293 0 ISHARES INC ISHARES CORE MSCI EMERGING MARKETS ETF ETF 46434G103 3694 61522 SH DFND 1 0 61522 0 ISHARES INC ISHARES MSCI BRAZIL ETF ETF 464286400 172742 6178196 SH DFND 1 0 6178196 0 ISHARES INC ISHARES MSCI CHILE ETF ETF 464286640 4611 200233 SH DFND 1 0 200233 0 ISHARES INC ISHARES MSCI EMERGING MARKETS ETF ETF 464287234 1480 30150 SH DFND 1 0 30150 0 ISHARES INC ISHARES MSCI EUROZONE ETF ETF 464286608 99130 2023063 SH DFND 1 0 2023063 0 ISHARES INC ISHARES MSCI HONG KONG ETF ETF 464286871 24569 1056272 SH DFND 1 0 1056272 0 ISHARES INC ISHARES MSCI MEXICO ETF ETF 464286822 5288 104345 SH DFND 1 0 104345 0 ISHARES INC ISHARES MSCI SOUTH KOREA ETF ETF 464286772 92248 1180396 SH DFND 1 0 1180396 0 ISHARES INC ISHARES MSCI SPAIN ETF ETF 464286764 604 23000 SH DFND 1 0 23000 0 ISHARES INC ISHARES MSCI TAIWAN ETF ETF 46434G772 88913 1332236 SH DFND 1 0 1332236 0 ISHARES INC. - ISHARES MSCI JAPAN ETF ETF 46434G822 29681 443597 SH DFND 1 0 443597 0 ISHARES MSCI GERMANY ETF 464286806 43940 1340448 SH DFND 1 0 1340448 0 ISHARES TRUST - ISHARES CORE S&P SMALL-CAP ETF ETF 464287804 435230 3796158 SH DFND 1 0 3796158 0 ISHARES TRUST ISHARES CORE S P 500 ETF ETF 464287200 281046 587741 SH DFND 1 0 587741 0 ISHARES TRUST ISHARES EDGE MSCI MIN VOL USA ETF ETF 46429B697 5589 69000 SH DFND 1 0 69000 0 ISHARES TRUST ISHARES EDGE MSCI USA MOMENTUM FACTOR ETF ETF 46432F396 16196 88811 SH DFND 1 0 88811 0 ISHARES TRUST ISHARES EDGE MSCI USA QUALITY FACTOR ETF ETF 46432F339 41707 285842 SH DFND 1 0 285842 0 ISHARES TRUST ISHARES EDGE MSCI USA VALUE FACTOR ETF ETF 46432F388 63145 576194 SH DFND 1 0 576194 0 ISHARES TRUST ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF ETF 464287242 3185 24000 SH DFND 1 0 24000 0 ISHARES TRUST ISHARES JP MORGAN USD EMERGING MARKETS BOND ETF ETF 464288281 9500 87000 SH DFND 1 0 87000 0 ISHARES TRUST ISHARES LATIN AMERICA 40 ETF ETF 464287390 45476 1934310 SH DFND 1 0 1934310 0 ISHARES TRUST ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF ETF 464288182 5862 70504 SH DFND 1 0 70504 0 ISHARES TRUST ISHARES MSCI CHINA ETF ETF 46429B671 14916 236203 SH DFND 1 0 236203 0 ISHARES TRUST ISHARES MSCI EUROPE FINANCIALS ETF ETF 464289180 28103 1405154 SH DFND 1 0 1405154 0 ISHARES TRUST ISHARES MSCI UNITED KINGDOM ETF ETF 46435G334 891 26883 SH DFND 1 0 26883 0 ISHARES TRUST ISHARES RUSSELL 2000 ETF ETF 464287655 34692 155617 SH DFND 1 0 155617 0 LOMA NEGRA CIA INDUSTRIAL ARGENTINA SA ADR 54150E104 324 48877 SH DFND 1 0 48877 0 MERCADOLIBRE INC COM 58733R102 76 56 SH DFND 1 0 56 0 PAGSEGURO DIGITAL LTD COM G68707101 27 1000 SH DFND 1 0 1000 0 PAMPA ENERGIA SA ADR 697660207 262 12541 SH DFND 1 0 12541 0 PETROLEO BRASILEIRO SA ADR 71654V408 99 9000 SH DFND 1 0 9000 0 SPDR INDEX SHARES FUNDS SPDR S P CHINA ETF ETF 78463X400 15015 144586 SH DFND 1 0 144586 0 SPDR PORTFOLIO S&P 500 GROWT ETF 78464A409 4571 62760 SH DFND 1 0 62760 0 SPDR S&P 500 ETF TRUST ETF 78462F103 96939 203585 SH DFND 1 0 203585 0 SPDR SERIES TRUST SPDR BLOOMBERG HIGH YIELD BOND ETF ETF 78468R622 803 7400 SH DFND 1 0 7400 0 SUZANO SA ADR 86959K105 29 2668 SH DFND 1 0 2668 0 THE SELECT SECTOR SPDR TRUST THE ENERGY SELECT SECTOR SPDR FUND ETF 81369Y506 21773 393297 SH DFND 1 0 393297 0 THE SELECT SECTOR SPDR TRUST THE FINANCIAL SELECT SECTOR SPDR FUND ETF 81369Y605 83100 2124243 SH DFND 1 0 2124243 0 THE SELECT SECTOR SPDR TRUST THE HEALTH CARE SELECT SECTOR SPDR FUND ETF 81369Y209 30642 216568 SH DFND 1 0 216568 0 THE SELECT SECTOR SPDR TRUST THE INDUSTRIAL SELECT SECTOR SPDR FUND ETF 81369Y704 4775 45317 SH DFND 1 0 45317 0 THE SELECT SECTOR SPDR TRUST THE TECHNOLOGY SELECT SECTOR SPDR FUND ETF 81369Y803 503 2878 SH DFND 1 0 2878 0 VANECK VECTORS ETF TRUST - VANECK VECTORS GOLD MINERS ETF ETF 92189F106 124 3906 SH DFND 1 0 3906 0 VANECK VECTORS RUSSIA ETF ETF 92189F403 27832 1051053 SH DFND 1 0 1051053 0 VANGUARD INDEX FUNDS VANGUARD GROWTH ETF ETF 922908736 38753 120172 SH DFND 1 0 120172 0 VANGUARD INDEX FUNDS VANGUARD S P 500 ETF ETF 922908363 78659 179681 SH DFND 1 0 179681 0 VANGUARD INDEX FUNDS VANGUARD SMALL CAP ETF ETF 922908751 7551 33359 SH DFND 1 0 33359 0 VANGUARD INDEX FUNDS VANGUARD TOTAL STOCK MARKET ETF ETF 922908769 216065 892056 SH DFND 1 0 892056 0 VANGUARD INDEX FUNDS VANGUARD VALUE ETF ETF 922908744 376319 2559124 SH DFND 1 0 2559124 0 VANGUARD INTERNATIONAL EQUITY INDEX FUNDS VANGUARD FTSE EMERGING MARKETS ETF ETF 922042858 882 17784 SH DFND 1 0 17784 0 YPF SA ADR 984245100 7 1772 SH DFND 1 0 1772 0