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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 TR MSCI INDIA ETF 46429B598 1,223 44,478 SH   DFND   44,478 0 0
ISHARES INC MSCI HONG KG ETF 464286871 268 13,511 SH   DFND   13,511 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 2,438 30,000 SH   DFND   30,000 0 0
BAIDU INC SPONS ADR REP A 056752108 2,008 10,621 SH   DFND   10,621 0 0
ISHARES TR MSCI AC ASIA ETF 464288182 71,810 1,345,010 SH   DFND   1,345,010 0 0
ISHARES INC ASIA/PAC DIV ETF 464286293 1,563 39,930 SH   DFND   39,930 0 0