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 252 1,754 SH   DFND   1,754 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 244 3,001 SH   DFND   3,001 0 0
ACTAVIS PLC SHS G0083B108 266 1,190 SH   SOLE   1,190 0 0
AETNA INC NEW COM 00817Y108 258 3,163 SH   DFND   3,163 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 244 4,239 SH   DFND   4,239 0 0
ALASKA AIR GROUP INC COM 011659109 261 2,730 SH   SOLE   2,730 0 0
ALLSTATE CORP COM 020002101 248 4,199 SH   DFND   4,199 0 0
AMERIPRISE FINL INC COM 03076C106 258 2,159 SH   DFND   2,159 0 0
AON PLC SHS CL A G0408V102 253 2,813 SH   DFND   2,813 0 0
ASSURANT INC COM 04621X108 239 3,654 SH   DFND   3,654 0 0
AUTOZONE INC COM 053332102 235 440 SH   DFND   440 0 0
AVERY DENNISON CORP COM 053611109 240 4,698 SH   DFND   4,698 0 0
BALL CORP COM 058498106 271 4,323 SH   DFND   4,323 0 0
BARD C R INC COM 067383109 229 1,599 SH   DFND   1,599 0 0
BOSTON SCIENTIFIC CORP COM 101137107 269 21,029 SH   DFND   21,029 0 0
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 289 4,540 SH   DFND   4,540 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 258 3,827 SH   DFND   3,827 0 0
CAREFUSION CORP COM 14170T101 260 5,879 SH   DFND   5,879 0 0
CBS CORP NEW CL B 124857202 237 3,833 SH   DFND   3,833 0 0
CELGENE CORP COM 151020104 292 3,386 SH   DFND   3,386 0 0
CENTURYLINK INC COM 156700106 265 7,304 SH   DFND   7,304 0 0
CF INDS HLDGS INC COM 125269100 221 910 SH   DFND   910 0 0
CHUBB CORP COM 171232101 244 2,648 SH   DFND   2,648 0 0
CIGNA CORPORATION COM 125509109 260 2,823 SH   DFND   2,823 0 0
CISCO SYS INC COM 17275R102 264 10,641 SH   DFND   10,641 0 0
COCA COLA ENTERPRISES INC NE COM 19122T109 238 4,978 SH   DFND   4,978 0 0
COMPUTER SCIENCES CORP COM 205363104 219 3,463 SH   DFND   3,463 0 0
CORNING INC COM 219350105 251 11,410 SH   DFND   11,410 0 0
CRITEO S A SPONS ADS 226718104 10,880 322,358 SH   DFND   322,358 0 0
CVS CAREMARK CORPORATION COM 126650100 241 3,170 SH   DFND   3,170 0 0
DIRECTV COM 25490A309 263 3,094 SH   DFND   3,094 0 0
DISCOVER FINL SVCS COM 254709108 390 6,280 SH   DFND   6,280 0 0
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 214 2,859 SH   DFND   2,859 0 0
DOLLAR TREE INC COM 256746108 244 4,531 SH   DFND   4,531 0 0
DUN & BRADSTREET CORP DEL NE COM 26483E100 263 2,390 SH   DFND   2,390 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 217 3,148 SH   DFND   3,148 0 0
FIFTH THIRD BANCORP COM 316773100 220 10,302 SH   DFND   10,302 0 0
FLIR SYS INC COM 302445101 202 5,851 SH   DFND   5,851 0 0
FLOWSERVE CORP COM 34354P105 225 3,018 SH   DFND   3,018 0 0
FOSSIL GROUP INC COM 34988V106 212 2,027 SH   DFND   2,027 0 0
GAMESTOP CORP NEW CL A 36467W109 236 5,803 SH   DFND   5,803 0 0
GAP INC DEL COM 364760108 246 5,934 SH   DFND   5,934 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 242 1,447 SH   DFND   1,447 0 0
HALLIBURTON CO COM 406216101 285 4,024 SH   DFND   4,024 0 0
HARRIS CORP DEL COM 413875105 247 3,249 SH   DFND   3,249 0 0
HESS CORP COM 42809H107 282 2,860 SH   DFND   2,860 0 0
HEWLETT PACKARD CO COM 428236103 296 8,731 SH   DFND   8,731 0 0
HOME DEPOT INC COM 437076102 244 3,005 SH   DFND   3,005 0 0
ILLINOIS TOOL WKS INC COM 452308109 256 2,907 SH   DFND   2,907 0 0
INGERSOLL-RAND PLC SHS G47791101 260 4,147 SH   DFND   4,147 0 0
INTEL CORP COM 458140100 5,221 1,791,000 SH   SOLE   1,791,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 224 1,235 SH   DFND   1,235 0 0
INTERNATIONAL GAME TECHNOLOG COM 459902102 268 16,817 SH   DFND   16,817 0 0
INTERPUBLIC GROUP COS INC COM 460690100 272 13,864 SH   DFND   13,864 0 0
INTUIT COM 461202103 246 3,049 SH   DFND   3,049 0 0
ISHARES MSCI BRZ CAP ETF 464286400 2,480 992,500 SH   SOLE   992,500 0 0
ISHARES MSCI BRZ CAP ETF 464286400 3,963 73,471 SH   DFND   73,471 0 0
JOHNSON CTLS INC COM 478366107 251 5,019 SH   DFND   5,019 0 0
KOHLS CORP COM 500255104 223 4,193 SH   DFND   4,193 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 291 2,411 SH   DFND   2,411 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 247 2,407 SH   DFND   2,407 0 0
LAM RESEARCH CORP COM 512807108 292 4,310 SH   DFND   4,310 0 0
LEGG MASON INC COM 524901105 248 4,821 SH   DFND   4,821 0 0
LINCOLN NATL CORP IND COM 534187109 242 4,682 SH   DFND   4,682 0 0
LOWES COS INC COM 548661107 232 4,854 SH   DFND   4,854 0 0
MACYS INC COM 55616P104 234 4,009 SH   DFND   4,009 0 0
MARATHON PETE CORP COM 56585A102 215 2,729 SH   DFND   2,729 0 0
MARRIOTT INTL INC NEW CL A 571903202 272 4,235 SH   DFND   4,235 0 0
MCGRAW HILL FINL INC COM 580645109 259 3,110 SH   DFND   3,110 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 59,409 638,124 SH   DFND   638,124 0 0
MOODYS CORP COM 615369105 263 2,991 SH   DFND   2,991 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 247 3,694 SH   DFND   3,694 0 0
MYLAN INC COM 628530107 313 6,132 SH   DFND   6,132 0 0
NETAPP INC COM 64110D104 238 6,434 SH   DFND   6,434 0 0
NEWELL RUBBERMAID INC COM 651229106 246 7,953 SH   DFND   7,953 0 0
NEWMARKET CORP COM 651587107 252 640 SH   SOLE   640 0 0
NORTHROP GRUMMAN CORP COM 666807102 231 1,927 SH   DFND   1,927 0 0
NVIDIA CORP COM 67066G104 246 13,263 SH   DFND   13,263 0 0
O REILLY AUTOMOTIVE INC NEW COM 67103H107 297 1,983 SH   DFND   1,983 0 0
ORACLE CORP COM 68389X105 236 5,797 SH   DFND   5,797 0 0
PENTAIR PLC SHS G7S00T104 262 3,570 SH   DFND   3,570 0 0
PEOPLES UNITED FINANCIAL INC COM 712704105 243 16,087 SH   DFND   16,087 0 0
PETSMART INC COM 716768106 206 3,442 SH   DFND   3,442 0 0
PFIZER INC COM 717081103 221 7,427 SH   DFND   7,427 0 0
PHILLIPS 66 COM 718546104 249 3,086 SH   DFND   3,086 0 0
QUALCOMM INC COM 747525103 6,513 82,100 SH   DFND   82,100 0 0
QUALCOMM INC COM 747525103 190 525,000 SH   SOLE   525,000 0 0
QUEST DIAGNOSTICS INC COM 74834L100 241 4,104 SH   DFND   4,104 0 0
REYNOLDS AMERICAN INC COM 761713106 8,664 142,810 SH   DFND   142,810 0 0
SANDISK CORP COM 80004C101 303 2,920 SH   DFND   2,920 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 242 4,247 SH   DFND   4,247 0 0
SOUTHWEST AIRLS CO COM 844741108 272 10,038 SH   DFND   10,038 0 0
ST JUDE MED INC COM 790849103 251 3,616 SH   DFND   3,616 0 0
STATE STR CORP COM 857477103 228 3,399 SH   DFND   3,399 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 258 5,523 SH   DFND   5,523 0 0
THE ADT CORPORATION COM 00101J106 278 7,948 SH   DFND   7,948 0 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 76,802 2,632,906 SH   DFND   2,632,906 0 0
TIME WARNER CABLE INC COM 88732J207 255 1,733 SH   DFND   1,733 0 0
TIME WARNER INC COM NEW 887317303 265 3,793 SH   DFND   3,793 0 0
TORCHMARK CORP COM 891027104 248 3,018 SH   DFND   3,018 0 0
TRAVELERS COMPANIES INC COM 89417E109 263 2,795 SH   DFND   2,795 0 0
TYSON FOODS INC CL A 902494103 200 5,382 SH   DFND   5,382 0 0
UNION PAC CORP COM 907818108 255 2,540 SH   SOLE   2,540 0 0
VERISIGN INC COM 92343E102 215 4,385 SH   DFND   4,385 0 0
VIACOM INC NEW CL B 92553P201 242 2,792 SH   DFND   2,792 0 0
WABTEC CORP COM 929740108 268 3,250 SH   SOLE   3,250 0 0
WELLPOINT INC COM 94973V107 258 2,385 SH   DFND   2,385 0 0
WESTERN DIGITAL CORP COM 958102105 239 2,575 SH   DFND   2,575 0 0
WYNDHAM WORLDWIDE CORP COM 98310W108 245 3,244 SH   DFND   3,244 0 0
XEROX CORP COM 984121103 262 20,926 SH   DFND   20,926 0 0
XL GROUP PLC SHS G98290102 248 7,603 SH   DFND   7,603 0 0
YAHOO INC COM 984332106 231 6,586 SH   DFND   6,586 0 0
ZIONS BANCORPORATION COM 989701107 225 7,643 SH   DFND   7,643 0 0