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 167,965 713,619 SH   DFND 1 713,619 0 0
ACTIVISION BLIZZARD INC COM 00507V109 82,541 1,303,561 SH   DFND 1 1,303,561 0 0
AGCO CORP COM 001084102 4,643 65,000 SH   SOLE   65,000 0 0
AIR PRODS & CHEMS INC COM 009158106 144,530 880,851 SH   DFND 1 880,851 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 10,964 83,959 SH   SOLE   83,959 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 32,510 188,541 SH   DFND 1 188,541 0 0
ALPHABET INC CAP STK CL C 02079K107 123,495 118,019 SH   DFND 1 118,019 0 0
AMAZON COM INC COM 023135106 100,185 85,667 SH   DFND 1 85,667 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 6,652 162,118 SH   SOLE   162,118 0 0
AMERISOURCEBERGEN CORP COM 03073E105 68,871 750,061 SH   DFND 1 750,061 0 0
AMGEN INC COM 031162100 159,799 918,913 SH   DFND 1 918,913 0 0
ANADARKO PETE CORP COM 032511107 53,939 1,005,570 SH   SOLE   1,005,570 0 0
APPLE INC COM 037833100 55,441 327,610 SH   DFND 1 327,610 0 0
ARAMARK COM 03852U106 23,561 551,268 SH   SOLE   551,268 0 0
AVALONBAY CMNTYS INC COM 053484101 15,322 85,883 SH   SOLE   85,883 0 0
BLACKROCK INC COM 09247X101 142,900 278,172 SH   DFND 1 278,172 0 0
BOSTON PROPERTIES INC COM 101121101 35,931 276,327 SH   SOLE   276,327 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 784 18,000 SH   SOLE   18,000 0 0
BUNGE LIMITED COM G16962105 3,354 50,000 SH   SOLE   50,000 0 0
CANADIAN PAC RY LTD COM 13645T100 18,178 99,464 SH   SOLE   99,464 0 0
CARMAX INC COM 143130102 58,073 905,546 SH   DFND 1 905,546 0 0
CBRE GROUP INC CL A 12504L109 2,091 48,273 SH   SOLE   48,273 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 20,317 60,474 SH   SOLE   60,474 0 0
CINEMARK HOLDINGS INC COM 17243V102 48,343 1,388,363 SH   DFND 1 1,388,363 0 0
CITIGROUP INC COM NEW 172967424 103,984 1,397,159 SH   DFND 1 1,397,159 0 0
CME GROUP INC COM CL A 12572Q105 112,370 769,393 SH   DFND 1 769,393 0 0
COLGATE PALMOLIVE CO COM 194162103 197,101 2,612,337 SH   DFND 1 2,612,337 0 0
COSTCO WHSL CORP NEW COM 22160K105 166,949 896,994 SH   DFND 1 896,994 0 0
CREDICORP LTD COM G2519Y108 68,585 330,644 SH   SOLE   330,644 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 60,148 541,827 SH   DFND 1 541,827 0 0
DAVE & BUSTERS ENTMT INC COM 238337109 5,241 95,000 SH   SOLE   95,000 0 0
DEERE & CO COM 244199105 3,130 20,000 SH   SOLE   20,000 0 0
DISNEY WALT CO COM DISNEY 254687106 85,629 796,471 SH   DFND 1 796,471 0 0
DOUGLAS EMMETT INC COM 25960P109 774 18,853 SH   SOLE   18,853 0 0
EAST WEST BANCORP INC COM 27579R104 4,191 68,890 SH   SOLE   68,890 0 0
ECOLAB INC COM 278865100 127,619 951,106 SH   DFND 1 951,106 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 34,947 1,460,392 SH   DFND 1 1,460,392 0 0
EOG RES INC COM 26875P101 1,662 15,400 SH   SOLE   15,400 0 0
EQUINIX INC COM PAR $0.001 29444U700 164,622 363,228 SH   DFND 1 363,228 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 10,401 163,104 SH   SOLE   163,104 0 0
ESSEX PPTY TR INC COM 297178105 13,397 55,506 SH   SOLE   55,506 0 0
EVERCORE INC CLASS A 29977A105 2,250 25,000 SH   SOLE   25,000 0 0
FACEBOOK INC CL A 30303M102 93,556 530,185 SH   DFND 1 530,185 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 1,339 10,081 SH   SOLE   10,081 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 57,265 660,951 SH   DFND 1 660,951 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 4,227 45,019 SH   SOLE   45,019 0 0
GENERAL ELECTRIC CO COM 369604103 432 24,735 SH   DFND 1 24,735 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 22,636 402,212 SH   SOLE   402,212 0 0
HCP INC COM 40414L109 518 19,844 SH   SOLE   19,844 0 0
HOME DEPOT INC COM 437076102 51,778 273,190 SH   DFND 1 273,190 0 0
HOST HOTELS & RESORTS INC COM 44107P104 5,699 287,125 SH   SOLE   287,125 0 0
ICICI BK LTD ADR 45104G104 42,589 4,377,083 SH   SOLE   4,377,083 0 0
INDUSTRIAS BACHOCO S A B DE SPON ADR B 456463108 5,444 95,000 SH   SOLE   95,000 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 4,165 27,292 SH   SOLE   27,292 0 0
ISHARES TR 1 3 YR CR BD ETF 464288646 1,602 15,321 SH   SOLE   15,321 0 0
ISHARES TR 1 3 YR TREAS BD 464287457 2,593 30,924 SH   SOLE   30,924 0 0
ISHARES TR CORE US AGGBD ET 464287226 4,224 38,632 SH   SOLE   38,632 0 0
ISHARES TR FLTG RATE NT ETF 46429B655 1,271 25,000 SH   SOLE   25,000 0 0
ISHARES TR IBOXX INV CP ETF 464287242 4,951 40,732 SH   DFND 1 40,732 0 0
ISHARES TR MSCI ACWI ETF 464288257 94,738 1,314,160 SH   DFND 1 1,314,160 0 0
ISHARES TR MSCI INDIA ETF 46429B598 29,547 819,147 SH   SOLE   819,147 0 0
ISHARES TR TIPS BD ETF 464287176 1,317 11,544 SH   SOLE   11,544 0 0
ISHARES U S ETF TR SHT MAT BD ETF 46431W507 4,994 99,650 SH   SOLE   99,650 0 0
JPMORGAN CHASE & CO COM 46625H100 234,233 2,190,317 SH   DFND 1 2,190,317 0 0
KAR AUCTION SVCS INC COM 48238T109 82,989 1,643,022 SH   DFND 1 1,643,022 0 0
KILROY RLTY CORP COM 49427F108 6,782 90,851 SH   SOLE   90,851 0 0
KIMBERLY CLARK CORP COM 494368103 53,165 440,617 SH   DFND 1 440,617 0 0
KIMCO RLTY CORP COM 49446R109 2,835 156,220 SH   SOLE   156,220 0 0
KOREA ELECTRIC PWR SPONSORED ADR 500631106 261 14,710 SH   SOLE   14,710 0 0
LEGGETT & PLATT INC COM 524660107 69,906 1,464,607 SH   DFND 1 1,464,607 0 0
LOCKHEED MARTIN CORP COM 539830109 7,409 23,076 SH   SOLE   23,076 0 0
MACERICH CO COM 554382101 2,313 35,213 SH   SOLE   35,213 0 0
MARRIOTT INTL INC NEW CL A 571903202 91,959 677,512 SH   DFND 1 677,512 0 0
MASTERCARD INCORPORATED CL A 57636Q104 211,329 1,396,198 SH   DFND 1 1,396,198 0 0
MIDDLEBY CORP COM 596278101 7,017 52,000 SH   SOLE   52,000 0 0
MOODYS CORP COM 615369105 39,635 268,509 SH   SOLE   268,509 0 0
MOSAIC CO NEW COM 61945C103 3,336 130,000 SH   SOLE   130,000 0 0
NEXTERA ENERGY INC COM 65339F101 116,979 748,951 SH   DFND 1 748,951 0 0
NIKE INC CL B 654106103 6,972 111,468 SH   SOLE   111,468 0 0
PFIZER INC COM 717081103 181,070 4,999,174 SH   DFND 1 4,999,174 0 0
PRICELINE GRP INC COM NEW 741503403 29,015 16,697 SH   SOLE   16,697 0 0
PROLOGIS INC COM 74340W103 27,690 429,232 SH   SOLE   429,232 0 0
PUBLIC STORAGE COM 74460D109 11,151 53,355 SH   SOLE   53,355 0 0
REGENCY CTRS CORP COM 758849103 6,437 93,052 SH   SOLE   93,052 0 0
SCHLUMBERGER LTD COM 806857108 72,802 1,080,304 SH   DFND 1 1,080,304 0 0
SERVICE CORP INTL COM 817565104 140,080 3,753,482 SH   DFND 1 3,753,482 0 0
SIMON PPTY GROUP INC NEW COM 828806109 136,161 792,835 SH   DFND 1 792,835 0 0
SL GREEN RLTY CORP COM 78440X101 6,551 64,911 SH   SOLE   64,911 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 2,969 50,000 SH   SOLE   50,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 4,206 34,016 SH   DFND 1 34,016 0 0
SPDR INDEX SHS FDS DJ GLB RL ES ETF 78463X749 12,086 247,263 SH   SOLE   247,263 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 169,443 4,273,456 SH   DFND 1 4,273,456 0 0
TANGER FACTORY OUTLET CTRS I COM 875465106 4,903 184,962 SH   SOLE   184,962 0 0
TAUBMAN CTRS INC COM 876664103 2,572 39,304 SH   SOLE   39,304 0 0
TJX COS INC NEW COM 872540109 22,781 297,944 SH   SOLE   297,944 0 0
UDR INC COM 902653104 2,622 68,057 SH   SOLE   68,057 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 1,048 46,110 SH   SOLE   46,110 0 0
UNION PAC CORP COM 907818108 90,642 675,925 SH   DFND 1 675,925 0 0
UNITED PARCEL SERVICE INC CL B 911312106 42,087 353,226 SH   DFND 1 353,226 0 0
UNITED TECHNOLOGIES CORP COM 913017109 85,238 668,165 SH   DFND 1 668,165 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 2,093 25,663 SH   SOLE   25,663 0 0
VANGUARD INDEX FDS REIT ETF 922908553 4,271 51,466 SH   SOLE   51,466 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 957 12,882 SH   SOLE   12,882 0 0
VARIAN MED SYS INC COM 92220P105 23,941 215,392 SH   DFND 1 215,392 0 0
VENTAS INC COM 92276F100 13,594 226,536 SH   SOLE   226,536 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 803 15,164 SH   DFND 1 15,164 0 0
VORNADO RLTY TR SH BEN INT 929042109 9,861 126,136 SH   SOLE   126,136 0 0
WELLS FARGO CO NEW COM 949746101 49,762 820,215 SH   DFND 1 820,215 0 0
WISDOMTREE TR US LARGECAP DIVD 97717W307 6,603 71,682 SH   SOLE   71,682 0 0
ZIONS BANCORPORATION COM 989701107 67,908 1,335,977 SH   DFND 1 1,335,977 0 0