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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

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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
ISHARES EUROPE ETF EUROPE ETF 464287861 692,016 9,498 SH DFND 9,498 0 0
ISHARES LATIN AMERICA ETF TRUST LATN AMER 464287390 2,421,898 71,751 SH DFND 71,751 0 0
ISHARES MSCI CHILE ETF INC MSCI CHILE 464286640 3,432,771 86,457 SH DFND 86,457 0 0
ISHARES MSCI JAPAN ETF INC MSCI JAPAN 46434G822 950,447 10,189 SH DFND 10,189 0 0
ISHARES MSCI PACIFIC EX JAPAN ETF MSCI PAC J 464286665 455,163 8,545 SH DFND 8,545 0 0
STATE STREET SPDR S&P ETF TRUST TR UNIT 78462F103 5,136,925 6,878 SH DFND 6,878 0 0