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 |
CREDICORP LTD | COM | G2519Y108 | 757,896 | 5,055 | SH | | DFND | 1 | 0 | 5,055 | 0 |
PAGSEGURO DIGITAL LTD | COM CL A | G68707101 | 119,700 | 9,599 | SH | | DFND | 1 | 0 | 9,599 | 0 |
XP INC | CL A | G98239109 | 48,438 | 1,858 | SH | | DFND | 1 | 0 | 1,858 | 0 |
INTERCORP FINL SVCS INC | SHS | P5626F128 | 1,336,645 | 60,895 | SH | | DFND | 1 | 0 | 60,895 | 0 |
COPA HOLDINGS SA | CL A | P31076105 | 1,680,442 | 15,807 | SH | | DFND | 1 | 0 | 15,807 | 0 |
ABRDN EMRG MKTS EQTY INCM FD | COM | 00301W105 | 158,125 | 26,531 | SH | | DFND | 1 | 0 | 26,531 | 0 |
ALBEMARLE CORP | COM | 012653101 | 37,423,643 | 259,023 | SH | | DFND | 1 | 0 | 259,023 | 0 |
AMBEV SA | SPONSORED ADR | 02319V103 | 14,291 | 5,104 | SH | | DFND | 1 | 0 | 5,104 | 0 |
BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 | 211,082 | 60,309 | SH | | DFND | 1 | 0 | 60,309 | 0 |
BANCO SANTANDER BRASIL S A | ADS REP 1 UNIT | 05967A107 | 105,560 | 16,116 | SH | | DFND | 1 | 0 | 16,116 | 0 |
BRF SA | SPONSORED ADR | 10552T107 | 137,212 | 49,357 | SH | | DFND | 1 | 0 | 49,357 | 0 |
CEMEX SAB DE CV | SPON ADR NEW | 151290889 | 779,689 | 100,605 | SH | | DFND | 1 | 0 | 100,605 | 0 |
COCA-COLA FEMSA SAB DE CV | SPONSORD ADR REP | 191241108 | 309,094 | 3,266 | SH | | DFND | 1 | 0 | 3,266 | 0 |
DBX ETF TR XTRACK HRVST CSI | XTRACK HRVST CSI | 233051879 | 182,717,901 | 7,641,903 | SH | | DFND | 1 | 0 | 7,641,903 | 0 |
FOMENTO ECONOMICO MEXICANO S | SPON ADR UNITS | 344419106 | 494,027 | 3,790 | SH | | DFND | 1 | 0 | 3,790 | 0 |
GERDAU SA | SPON ADR REP PFD | 373737105 | 451,496 | 93,092 | SH | | DFND | 1 | 0 | 93,092 | 0 |
ISHARES INC MSCI BRAZIL ETF | MSCI BRAZIL ETF | 464286400 | 34,513,727 | 988,435 | SH | | DFND | 1 | 0 | 988,435 | 0 |
ISHARES INC MSCI EURZONE ETF | MSCI EURZONE ETF | 464286608 | 33,040,391 | 697,953 | SH | | DFND | 1 | 0 | 697,953 | 0 |
ISHARES INC MSCI CHILE ETF | MSCI CHILE ETF | 464286640 | 25,737,314 | 916,731 | SH | | DFND | 1 | 0 | 916,731 | 0 |
ISHARES INC MSCI STH KOR ETF | MSCI STH KOR ETF | 464286772 | 214,910,529 | 3,268,138 | SH | | DFND | 1 | 0 | 3,268,138 | 0 |
ISHARES INC MSCI GERMANY ETF | MSCI GERMANY ETF | 464286806 | 13,721,738 | 462,167 | SH | | DFND | 1 | 0 | 462,167 | 0 |
ISHARES INC MSCI MEXICO ETF | MSCI MEXICO ETF | 464286822 | 26,657,254 | 392,416 | SH | | DFND | 1 | 0 | 392,416 | 0 |
ISHARES INC MSCI HONG KG ETF | MSCI HONG KG ETF | 464286871 | 2,608,512 | 150,082 | SH | | DFND | 1 | 0 | 150,082 | 0 |
ISHARES TR CORE S&P500 ETF | CORE S&P500 ETF | 464287200 | 466,388,978 | 976,465 | SH | | DFND | 1 | 0 | 976,465 | 0 |
ISHARES TR MSCI EMG MKT ETF | MSCI EMG MKT ETF | 464287234 | 169,432 | 4,210 | SH | | DFND | 1 | 0 | 4,210 | 0 |
ISHARES TR IBOXX INV CP ETF | IBOXX INV CP ETF | 464287242 | 9,040,379 | 81,800 | SH | | DFND | 1 | 0 | 81,800 | 0 |
ISHARES TR LATN AMER 40 ETF | LATN AMER 40 ETF | 464287390 | 94,899,319 | 3,265,847 | SH | | DFND | 1 | 0 | 3,265,847 | 0 |
ISHARES TR RUSSELL 2000 ETF | RUSSELL 2000 ETF | 464287655 | 3,709,522 | 18,482 | SH | | DFND | 1 | 0 | 18,482 | 0 |
ISHARES TR CORE S&P SCP ETF | CORE S&P SCP ETF | 464287804 | 563,339,603 | 5,204,061 | SH | | DFND | 1 | 0 | 5,204,061 | 0 |
ISHARES TR MSCI AC ASIA ETF | MSCI AC ASIA ETF | 464288182 | 57,461,701 | 863,473 | SH | | DFND | 1 | 0 | 863,473 | 0 |
ISHARES TR MSCI CHINA ETF | MSCI CHINA ETF | 46429B671 | 8,323,896 | 203,987 | SH | | DFND | 1 | 0 | 203,987 | 0 |
ISHARES TR MSCI USA QLT FCT | MSCI USA QLT FCT | 46432F339 | 39,451 | 268 | SH | | DFND | 1 | 0 | 268 | 0 |
ISHARES TR MSCI USA VALUE | MSCI USA VALUE | 46432F388 | 40,582,458 | 401,171 | SH | | DFND | 1 | 0 | 401,171 | 0 |
ISHARES INC CORE MSCI EMKT | CORE MSCI EMKT | 46434G103 | 1,328,838 | 26,272 | SH | | DFND | 1 | 0 | 26,272 | 0 |
ISHARES INC MSCI TAIWAN ETF | MSCI TAIWAN ETF | 46434G772 | 28,012,753 | 608,576 | SH | | DFND | 1 | 0 | 608,576 | 0 |
ISHARES INC MSCI JPN ETF NEW | MSCI JPN ETF NEW | 46434G822 | 34,337,798 | 535,357 | SH | | DFND | 1 | 0 | 535,357 | 0 |
ISHARES TR CONV BD ETF | CONV BD ETF | 46435G102 | 156,885 | 2,000 | SH | | DFND | 1 | 0 | 2,000 | 0 |
ISHARES TR MSCI UK ETF NEW | MSCI UK ETF NEW | 46435G334 | 299,962 | 9,076 | SH | | DFND | 1 | 0 | 9,076 | 0 |
ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 | 53,432 | 7,688 | SH | | DFND | 1 | 0 | 7,688 | 0 |
J P MORGAN EXCHANGE TRADED F BETABUILDERS EUR | BETABUILDERS EUR | 46641Q191 | 3,644,226 | 64,397 | SH | | DFND | 1 | 0 | 64,397 | 0 |
J P MORGAN EXCHANGE TRADED F BETABULDRS JAPAN | BETABULDRS JAPAN | 46641Q217 | 112,628,090 | 2,144,480 | SH | | DFND | 1 | 0 | 2,144,480 | 0 |
PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 | 143,730 | 9,000 | SH | | DFND | 1 | 0 | 9,000 | 0 |
SPDR S&P 500 ETF TR TR UNIT | TR UNIT | 78462F103 | 357,818,013 | 753,085 | SH | | DFND | 1 | 0 | 753,085 | 0 |
SPDR INDEX SHS FDS S&P CHINA ETF | S&P CHINA ETF | 78463X400 | 42,945,624 | 632,757 | SH | | DFND | 1 | 0 | 632,757 | 0 |
SPDR SER TR PRTFLO S&P500 GW | PRTFLO S&P500 GW | 78464A409 | 14,634 | 225 | SH | | DFND | 1 | 0 | 225 | 0 |
SELECT SECTOR SPDR TR SBI HEALTHCARE | SBI HEALTHCARE | 81369Y209 | 2,858,543 | 20,970 | SH | | DFND | 1 | 0 | 20,970 | 0 |
SELECT SECTOR SPDR TR SBI CONS STPLS | SBI CONS STPLS | 81369Y308 | 857,190 | 11,905 | SH | | DFND | 1 | 0 | 11,905 | 0 |
SELECT SECTOR SPDR TR SBI CONS DISCR | SBI CONS DISCR | 81369Y407 | 31,214,862 | 174,570 | SH | | DFND | 1 | 0 | 174,570 | 0 |
SELECT SECTOR SPDR TR ENERGY | ENERGY | 81369Y506 | 209,334,982 | 2,496,839 | SH | | DFND | 1 | 0 | 2,496,839 | 0 |
SELECT SECTOR SPDR TR FINANCIAL | FINANCIAL | 81369Y605 | 9,894,778 | 263,159 | SH | | DFND | 1 | 0 | 263,159 | 0 |
SELECT SECTOR SPDR TR INDL | INDL | 81369Y704 | 3,222,725 | 28,272 | SH | | DFND | 1 | 0 | 28,272 | 0 |
SELECT SECTOR SPDR TR TECHNOLOGY | TECHNOLOGY | 81369Y803 | 125,841,887 | 653,924 | SH | | DFND | 1 | 0 | 653,924 | 0 |
SELECT SECTOR SPDR TR SBI INT-UTILS | SBI INT-UTILS | 81369Y886 | 2,283,930 | 36,049 | SH | | DFND | 1 | 0 | 36,049 | 0 |
SOUTHERN COPPER CORP | COM | 84265V105 | 8,607 | 100 | SH | | DFND | 1 | 0 | 100 | 0 |
SUZANO S A | SPON ADS | 86959K105 | 30,308 | 2,668 | SH | | DFND | 1 | 0 | 2,668 | 0 |
VANECK ETF TRUST GOLD MINERS ETF | GOLD MINERS ETF | 92189F106 | 121,555 | 3,906 | SH | | DFND | 1 | 0 | 3,906 | 0 |
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF | FTSE EMR MKT ETF | 922042858 | 730,922 | 17,784 | SH | | DFND | 1 | 0 | 17,784 | 0 |
VANGUARD INDEX FDS S&P 500 ETF SHS | S&P 500 ETF SHS | 922908363 | 296,267,899 | 678,269 | SH | | DFND | 1 | 0 | 678,269 | 0 |
VANGUARD INDEX FDS GROWTH ETF | GROWTH ETF | 922908736 | 47,386,685 | 152,457 | SH | | DFND | 1 | 0 | 152,457 | 0 |
VANGUARD INDEX FDS VALUE ETF | VALUE ETF | 922908744 | 384,665,892 | 2,573,016 | SH | | DFND | 1 | 0 | 2,573,016 | 0 |
VANGUARD INDEX FDS SMALL CP ETF | SMALL CP ETF | 922908751 | 8,716,149 | 40,871 | SH | | DFND | 1 | 0 | 40,871 | 0 |
VANGUARD INDEX FDS TOTAL STK MKT | TOTAL STK MKT | 922908769 | 57,687,812 | 243,152 | SH | | DFND | 1 | 0 | 243,152 | 0 |