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
3M CO COM 88579Y101 149,447 711,991 SH   DFND 1 711,991 0 0
ACTIVISION BLIZZARD INC COM 00507V109 82,010 1,271,282 SH   DFND 1 1,271,282 0 0
AGCO CORP COM 001084102 3,246 44,000 SH   SOLE   44,000 0 0
AIR PRODS & CHEMS INC COM 009158106 129,489 856,297 SH   DFND 1 856,297 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 9,888 83,113 SH   SOLE   83,113 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 64,031 370,743 SH   DFND 1 370,743 0 0
ALPHABET INC CAP STK CL C 02079K107 117,591 122,604 SH   DFND 1 122,604 0 0
AMAZON COM INC COM 023135106 114,693 119,304 SH   DFND 1 119,304 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 7,629 172,791 SH   SOLE   172,791 0 0
AMERISOURCEBERGEN CORP COM 03073E105 116,218 1,404,441 SH   DFND 1 1,404,441 0 0
AMGEN INC COM 031162100 172,469 925,017 SH   DFND 1 925,017 0 0
ANADARKO PETE CORP COM 032511107 49,029 1,003,670 SH   SOLE   1,003,670 0 0
APPLE INC COM 037833100 50,928 330,446 SH   DFND 1 330,446 0 0
ARAMARK COM 03852U106 22,331 549,897 SH   SOLE   549,897 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 3,553 83,578 SH   DFND 1 83,578 0 0
AVALONBAY CMNTYS INC COM 053484101 15,142 84,867 SH   SOLE   84,867 0 0
BLACKROCK INC COM 09247X101 133,349 298,259 SH   DFND 1 298,259 0 0
BOSTON PROPERTIES INC COM 101121101 37,383 304,225 SH   SOLE   304,225 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 743 18,000 SH   SOLE   18,000 0 0
BUNGE LIMITED COM G16962105 3,473 50,000 SH   SOLE   50,000 0 0
CANADIAN PAC RY LTD COM 13645T100 16,935 100,784 SH   SOLE   100,784 0 0
CARMAX INC COM 143130102 66,909 882,589 SH   DFND 1 882,589 0 0
CBRE GROUP INC CL A 12504L109 2,684 70,868 SH   SOLE   70,868 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 18,218 50,129 SH   SOLE   50,129 0 0
CINEMARK HOLDINGS INC COM 17243V102 50,924 1,406,339 SH   DFND 1 1,406,339 0 0
CITIGROUP INC COM NEW 172967424 70,694 971,874 SH   DFND 1 971,874 0 0
CME GROUP INC COM CL A 12572Q105 63,660 469,189 SH   DFND 1 469,189 0 0
COLGATE PALMOLIVE CO COM 194162103 183,915 2,524,572 SH   DFND 1 2,524,572 0 0
COSTCO WHSL CORP NEW COM 22160K105 148,627 904,664 SH   DFND 1 904,664 0 0
CREDICORP LTD COM G2519Y108 68,539 334,303 SH   SOLE   334,303 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 39,280 392,879 SH   DFND 1 392,879 0 0
DAVE & BUSTERS ENTMT INC COM 238337109 3,674 70,000 SH   SOLE   70,000 0 0
DISNEY WALT CO COM DISNEY 254687106 76,656 777,684 SH   DFND 1 777,684 0 0
DOUGLAS EMMETT INC COM 25960P109 1,112 28,212 SH   SOLE   28,212 0 0
EAST WEST BANCORP INC COM 27579R104 4,118 68,890 SH   SOLE   68,890 0 0
ECOLAB INC COM 278865100 114,449 889,892 SH   DFND 1 889,892 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 37,313 1,650,307 SH   DFND 1 1,650,307 0 0
EQUINIX INC COM PAR $0.001 29444U700 169,091 378,874 SH   DFND 1 378,874 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 10,699 162,273 SH   SOLE   162,273 0 0
ESSEX PPTY TR INC COM 297178105 13,890 54,679 SH   SOLE   54,679 0 0
EVERCORE INC CLASS A 29977A105 2,006 25,000 SH   SOLE   25,000 0 0
FACEBOOK INC CL A 30303M102 77,143 451,469 SH   DFND 1 451,469 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 1,832 14,752 SH   SOLE   14,752 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 43,124 412,831 SH   SOLE   412,831 0 0
GENERAL ELECTRIC CO COM 369604103 591 24,435 SH   DFND 1 24,435 0 0
HALLIBURTON CO COM 406216101 13,386 290,814 SH   SOLE   290,814 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 27,697 499,678 SH   SOLE   499,678 0 0
HCP INC COM 40414L109 793 28,477 SH   SOLE   28,477 0 0
HOME DEPOT INC COM 437076102 68,483 418,704 SH   DFND 1 418,704 0 0
HOST HOTELS & RESORTS INC COM 44107P104 5,268 284,901 SH   SOLE   284,901 0 0
ICICI BK LTD ADR 45104G104 37,527 4,383,952 SH   SOLE   4,383,952 0 0
INDUSTRIAS BACHOCO S A B DE SPON ADR B 456463108 5,985 90,000 SH   SOLE   90,000 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 3,532 24,714 SH   SOLE   24,714 0 0
ISHARES TR 1 3 YR CR BD ETF 464288646 1,549 14,700 SH   SOLE   14,700 0 0
ISHARES TR 1 3 YR TREAS BD 464287457 2,546 30,150 SH   SOLE   30,150 0 0
ISHARES TR CORE US AGGBD ET 464287226 4,039 36,856 SH   SOLE   36,856 0 0
ISHARES TR FLTG RATE NT ETF 46429B655 1,274 25,000 SH   SOLE   25,000 0 0
ISHARES TR IBOXX INV CP ETF 464287242 4,800 39,595 SH   DFND 1 39,595 0 0
ISHARES TR MSCI ACWI ETF 464288257 90,309 1,312,256 SH   DFND 1 1,312,256 0 0
ISHARES TR MSCI INDIA ETF 46429B598 26,909 819,147 SH   SOLE   819,147 0 0
ISHARES TR TIPS BD ETF 464287176 1,246 10,972 SH   SOLE   10,972 0 0
ISHARES U S ETF TR SHT MAT BD ETF 46431W507 5,011 99,650 SH   SOLE   99,650 0 0
JPMORGAN CHASE & CO COM 46625H100 228,830 2,395,879 SH   DFND 1 2,395,879 0 0
KAR AUCTION SVCS INC COM 48238T109 80,757 1,691,601 SH   DFND 1 1,691,601 0 0
KILROY RLTY CORP COM 49427F108 6,772 95,215 SH   SOLE   95,215 0 0
KIMBERLY CLARK CORP COM 494368103 53,592 455,403 SH   DFND 1 455,403 0 0
KIMCO RLTY CORP COM 49446R109 3,337 170,714 SH   SOLE   170,714 0 0
KOREA ELECTRIC PWR SPONSORED ADR 500631106 247 14,710 SH   SOLE   14,710 0 0
LEGGETT & PLATT INC COM 524660107 57,894 1,212,946 SH   DFND 1 1,212,946 0 0
LOCKHEED MARTIN CORP COM 539830109 68,007 219,171 SH   DFND 1 219,171 0 0
MACERICH CO COM 554382101 6,253 113,754 SH   SOLE   113,754 0 0
MARRIOTT INTL INC NEW CL A 571903202 76,807 696,596 SH   DFND 1 696,596 0 0
MASTERCARD INCORPORATED CL A 57636Q104 203,209 1,439,158 SH   DFND 1 1,439,158 0 0
MIDDLEBY CORP COM 596278101 5,639 44,000 SH   SOLE   44,000 0 0
MOODYS CORP COM 615369105 35,807 257,217 SH   SOLE   257,217 0 0
MOSAIC CO NEW COM 61945C103 2,807 130,000 SH   SOLE   130,000 0 0
NEXTERA ENERGY INC COM 65339F101 110,993 757,370 SH   DFND 1 757,370 0 0
PFIZER INC COM 717081103 176,474 4,943,253 SH   DFND 1 4,943,253 0 0
PRICELINE GRP INC COM NEW 741503403 31,627 17,275 SH   SOLE   17,275 0 0
PROLOGIS INC COM 74340W103 27,838 438,672 SH   SOLE   438,672 0 0
PUBLIC STORAGE COM 74460D109 11,371 53,137 SH   SOLE   53,137 0 0
REGENCY CTRS CORP COM 758849103 6,184 99,674 SH   SOLE   99,674 0 0
SCHLUMBERGER LTD COM 806857108 81,047 1,161,800 SH   DFND 1 1,161,800 0 0
SERVICE CORP INTL COM 817565104 124,100 3,597,112 SH   DFND 1 3,597,112 0 0
SIMON PPTY GROUP INC NEW COM 828806109 127,616 792,596 SH   DFND 1 792,596 0 0
SL GREEN RLTY CORP COM 78440X101 6,529 64,439 SH   SOLE   64,439 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 7,100 127,562 SH   SOLE   127,562 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 4,069 33,466 SH   DFND 1 33,466 0 0
SPDR INDEX SHS FDS DJ GLB RL ES ETF 78463X749 11,809 247,263 SH   SOLE   247,263 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 164,090 4,369,904 SH   DFND 1 4,369,904 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 4,483 183,596 SH   SOLE   183,596 0 0
TAUBMAN CTRS INC COM 876664103 1,939 39,009 SH   SOLE   39,009 0 0
TJX COS INC NEW COM 872540109 23,001 311,961 SH   DFND 1 311,961 0 0
UDR INC COM 902653104 3,824 100,559 SH   SOLE   100,559 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 1,098 46,110 SH   SOLE   46,110 0 0
UNION PAC CORP COM 907818108 84,661 730,021 SH   DFND 1 730,021 0 0
UNITED PARCEL SERVICE INC CL B 911312106 43,153 359,335 SH   DFND 1 359,335 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 2,038 24,866 SH   SOLE   24,866 0 0
VANGUARD INDEX FDS REIT ETF 922908553 4,217 50,748 SH   SOLE   50,748 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 849 12,000 SH   SOLE   12,000 0 0
VARIAN MED SYS INC COM 92220P105 21,827 218,140 SH   DFND 1 218,140 0 0
VENTAS INC COM 92276F100 14,702 225,731 SH   SOLE   225,731 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 703 14,203 SH   DFND 1 14,203 0 0
VORNADO RLTY TR SH BEN INT 929042109 10,257 133,417 SH   SOLE   133,417 0 0
WELLS FARGO CO NEW COM 949746101 84,553 1,533,141 SH   DFND 1 1,533,141 0 0
WISDOMTREE TR US LARGECAP DIVD 97717W307 6,387 73,547 SH   DFND 1 73,547 0 0
ZIONS BANCORPORATION COM 989701107 63,157 1,338,643 SH   DFND 1 1,338,643 0 0