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
BUNGE LIMITED COM G16962105 59 782 SH   DFND 1, 2 782 0 0
WARNER CHILCOTT PLC IRELAND SHS A G94368100 680 29,767 SH   DFND 1, 2 29,767 0 0
PENTAIR LTD SHS H6169Q108 630 9,697 SH   DFND 1, 2 9,697 0 0
ADECOAGRO S A COM L00849106 445 60,073 SH   DFND 1, 2 60,073 0 0
OCEAN RIG UDW INC SHS Y64354205 31 1,716 SH   DFND 1, 2 1,716 0 0
AG MTG INVT TR INC COM 1228105 263 15,797 SH   DFND 1, 2 15,797 0 0
ACADIA RLTY TR COM SH BEN INT 4239109 771 31,222 SH   DFND 1, 2 31,222 0 0
ALCOA INC COM 13817101 290 35,765 SH   DFND 1, 2 35,765 0 0
ALON USA ENERGY INC COM 20520102 8 830 SH   DFND 1, 2 830 0 0
ALON USA PARTNERS LP UT LTDPART INT 02052T109 4 300 SH   DFND 1, 2 300 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102 380 63,833 SH   DFND 1, 2 63,833 0 0
AMERICAN RESIDENTIAL PPTYS I COM 02927E303 321 18,214 SH   DFND 1, 2 18,214 0 0
AMERICAN VANGUARD CORP COM 30371108 556 20,672 SH   DFND 1, 2 20,672 0 0
AMERICAN WTR WKS CO INC NEW COM 30420103 349 8,457 SH   DFND 1, 2 8,457 0 0
ANADARKO PETE CORP COM 32511107 33 350 SH   DFND 1, 2 350 0 0
ANWORTH MORTGAGE ASSET CP COM 37347101 389 80,584 SH   DFND 1, 2 80,584 0 0
APACHE CORP COM 37411105 24 277 SH   DFND 1, 2 277 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 319 20,901 SH   DFND 1, 2 20,901 0 0
AQUA AMERICA INC COM 03836W103 205 8,305 SH   DFND 1, 2 8,305 0 0
ARBOR RLTY TR INC COM 38923108 147 21,753 SH   DFND 1, 2 21,753 0 0
ARCH COAL INC COM 39380100 251 61,075 SH   DFND 1, 2 61,075 0 0
ARCHER DANIELS MIDLAND CO COM 39483102 122 3,301 SH   DFND 1, 2 3,301 0 0
ARES COML REAL ESTATE CORP COM 04013V108 191 15,364 SH   DFND 1, 2 15,364 0 0
ARMOUR RESIDENTIAL REIT INC COM 42315101 878 209,105 SH   DFND 1, 2 209,105 0 0
ASHFORD HOSPITALITY TR INC COM SHS 44103109 528 42,820 SH   DFND 1, 2 42,820 0 0
ASSOCIATED ESTATES RLTY CORP COM 45604105 393 26,336 SH   DFND 1, 2 26,336 0 0
AVIV REIT INC MD COM 05381L101 198 8,675 SH   DFND 1, 2 8,675 0 0
BPZ RESOURCES INC COM 55639108 7 3,448 SH   DFND 1, 2 3,448 0 0
BRE PROPERTIES INC CL A 05564E106 129 2,537 SH   DFND 1, 2 2,537 0 0
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 642 17,243 SH   DFND 1, 2 17,243 0 0
BELO CORP COM SER A 80555105 143 10,420 SH   DFND 1, 2 10,420 0 0
BERRY PETE CO CL A 85789105 210 4,876 SH   DFND 1, 2 4,876 0 0
BONANZA CREEK ENERGY INC COM 97793103 53 1,092 SH   DFND 1, 2 1,092 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,160 88,005 SH   DFND 1, 2 88,005 0 0
CVR ENERGY INC COM 12662P108 21 557 SH   DFND 1, 2 557 0 0
CVR PARTNERS LP COM 126633106 498 28,128 SH   DFND 1, 2 28,128 0 0
CAMPUS CREST CMNTYS INC COM 13466Y105 392 36,326 SH   DFND 1, 2 36,326 0 0
CAPLEASE INC COM 140288101 414 48,761 SH   DFND 1, 2 48,761 0 0
CAPITALSOURCE INC COM 14055X102 208 17,517 SH   DFND 1, 2 17,517 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 192 37,010 SH   DFND 1, 2 37,010 0 0
CHEVRON CORP NEW COM 166764100 165 1,362 SH   DFND 1, 2 1,362 0 0
CHIQUITA BRANDS INTL INC COM 170032809 453 35,805 SH   DFND 1, 2 35,805 0 0
CLIFFS NAT RES INC COM 18683K101 94 4,581 SH   DFND 1, 2 4,581 0 0
COEUR MNG INC COM NEW 192108504 129 10,720 SH   DFND 1, 2 10,720 0 0
COLONIAL PPTYS TR COM SH BEN INT 195872106 293 13,041 SH   DFND 1, 2 13,041 0 0
COLONY FINL INC COM 19624R106 741 37,071 SH   DFND 1, 2 37,071 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 1,772 80,886 SH   DFND 1, 2 80,886 0 0
CONAGRA FOODS INC COM 205887102 62 2,031 SH   DFND 1, 2 2,031 0 0
CONOCOPHILLIPS COM 20825C104 60 863 SH   DFND 1, 2 863 0 0
CONSOL ENERGY INC COM 20854P109 2,181 64,823 SH   DFND 1, 2 64,823 0 0
COOPER TIRE & RUBR CO COM 216831107 399 12,942 SH   DFND 1, 2 12,942 0 0
COUSINS PPTYS INC COM 222795106 1,039 100,942 SH   DFND 1, 2 100,942 0 0
CREDIT SUISSE NASSAU BRH INVRS VIX MDTERM 22542D829 207 6,260 SH   DFND 1, 2 6,260 0 0
CUBESMART COM 229663109 1,254 70,286 SH   DFND 1, 2 70,286 0 0
CURRENCYSHS JAPANESE YEN TR JAPANESE YEN 23130A102 2,058 20,693 SH   DFND 1, 2 20,693 0 0
CURRENCYSHARES EURO TR EURO SHS 23130C108 2,871 21,448 SH   DFND 1, 2 21,448 0 0
CYRUSONE INC COM 23283R100 207 10,889 SH   DFND 1, 2 10,889 0 0
DCT INDUSTRIAL TRUST INC COM 233153105 1,282 178,356 SH   DFND 1, 2 178,356 0 0
DELL INC COM 24702R101 1,230 89,338 SH   DFND 1, 2 89,338 0 0
DOLE FOOD CO INC NEW COM 256603101 755 55,418 SH   DFND 1, 2 55,418 0 0
DOMTAR CORP COM NEW 257559203 867 10,917 SH   DFND 1, 2 10,917 0 0
DYNEX CAP INC COM NEW 26817Q506 256 29,229 SH   DFND 1, 2 29,229 0 0
EOG RES INC COM 26875P101 32 191 SH   DFND 1, 2 191 0 0
EDUCATION RLTY TR INC COM 28140H104 591 64,995 SH   DFND 1, 2 64,995 0 0
EXXON MOBIL CORP COM 30231G102 269 3,130 SH   DFND 1, 2 3,130 0 0
FELCOR LODGING TR INC COM 31430F101 388 62,907 SH   DFND 1, 2 62,907 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 990 60,823 SH   DFND 1, 2 60,823 0 0
FIRST POTOMAC RLTY TR COM 33610F109 410 32,591 SH   DFND 1, 2 32,591 0 0
FLOWERS FOODS INC COM 343498101 22 1,025 SH   DFND 1, 2 1,025 0 0
FLOWSERVE CORP COM 34354P105 412 6,604 SH   DFND 1, 2 6,604 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 659 51,737 SH   DFND 1, 2 51,737 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 1,057 31,952 SH   DFND 1, 2 31,952 0 0
GENERAL MLS INC COM 370334104 156 3,265 SH   DFND 1, 2 3,265 0 0
GLIMCHER RLTY TR SH BEN INT 379302102 790 81,004 SH   DFND 1, 2 81,004 0 0
GLOBECOMM SYSTEMS INC COM 37956X103 84 6,015 SH   DFND 1, 2 6,015 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 745 31,114 SH   DFND 1, 2 31,114 0 0
GRAMERCY PPTY TR INC COM 38489R100 111 26,645 SH   DFND 1, 2 26,645 0 0
GULFPORT ENERGY CORP COM NEW 402635304 180 2,794 SH   DFND 1, 2 2,794 0 0
HALLIBURTON CO COM 406216101 31 647 SH   DFND 1, 2 647 0 0
HARRIS TEETER SUPERMARKETS I COM 414585109 192 3,912 SH   DFND 1, 2 3,912 0 0
HARVEST NATURAL RESOURCES IN COM 41754V103 7 1,334 SH   DFND 1, 2 1,334 0 0
HEALTH MGMT ASSOC INC NEW CL A 421933102 349 27,237 SH   DFND 1, 2 27,237 0 0
HERSHA HOSPITALITY TR SH BEN INT A 427825104 616 110,193 SH   DFND 1, 2 110,193 0 0
HERSHEY CO COM 427866108 104 1,121 SH   DFND 1, 2 1,121 0 0
HESS CORP COM 42809H107 18 238 SH   DFND 1, 2 238 0 0
HI-TECH PHARMACAL INC COM 42840B101 233 5,389 SH   DFND 1, 2 5,389 0 0
HILLSHIRE BRANDS CO COM 432589109 19 618 SH   DFND 1, 2 618 0 0
HORMEL FOODS CORP COM 440452100 2,300 54,596 SH   DFND 1, 2 54,596 0 0
HUDSON PAC PPTYS INC COM 444097109 481 24,739 SH   DFND 1, 2 24,739 0 0
ISTAR FINL INC COM 45031U101 539 44,731 SH   DFND 1, 2 44,731 0 0
IDEX CORP COM 45167R104 251 3,847 SH   DFND 1, 2 3,847 0 0
INGREDION INC COM 457187102 25 385 SH   DFND 1, 2 385 0 0
INLAND REAL ESTATE CORP COM NEW 457461200 506 49,446 SH   DFND 1, 2 49,446 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1,186 77,077 SH   DFND 1, 2 77,077 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 482 58,380 SH   DFND 1, 2 58,380 0 0
ISHARES TIPS BD ETF 464287176 57,216 508,221 SH   DFND 1, 2 508,221 0 0
ISHARES CORE S&P500 ETF 464287200 14 80 SH   DFND 1, 2 80 0 0
ISHARES CORE TOTUSBD ETF 464287226 74,101 691,237 SH   DFND 1, 2 691,237 0 0
ISHARES MSCI EMG MKT ETF 464287234 885 21,705 SH   DFND 1, 2 21,705 0 0
ISHARES IBOXX INV CP ETF 464287242 10,941 96,377 SH   DFND 1, 2 96,377 0 0
ISHARES 20+ YR TR BD ETF 464287432 1,319 12,397 SH   DFND 1, 2 12,397 0 0
ISHARES 7-10 Y TR BD ETF 464287440 2,672 26,172 SH   DFND 1, 2 26,172 0 0
ISHARES 1-3 YR TR BD ETF 464287457 38,699 458,194 SH   DFND 1, 2 458,194 0 0
ISHARES MSCI EAFE ETF 464287465 65,594 1,028,284 SH   DFND 1, 2 1,028,284 0 0
ISHARES RUS 1000 GRW ETF 464287614 101,665 1,300,058 SH   DFND 1, 2 1,300,058 0 0
ISHARES RUSSELL 2000 ETF 464287655 27,475 257,687 SH   DFND 1, 2 257,687 0 0
ISHARES U.S. REAL ES ETF 464287739 949 14,891 SH   DFND 1, 2 14,891 0 0
ISHARES JP MOR EM MK ETF 464288281 9,721 89,183 SH   DFND 1, 2 89,183 0 0
ISHARES CREDIT BD ETF 464288620 580 5,409 SH   DFND 1, 2 5,409 0 0
ISHARES 3-7 YR TR BD ETF 464288661 1,329 10,957 SH   DFND 1, 2 10,957 0 0
ISHARES SHRT TRS BD ETF 464288679 40,041 363,155 SH   DFND 1, 2 363,155 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 254 12,168 SH   DFND 1, 2 12,168 0 0
JOY GLOBAL INC COM 481165108 1,504 29,476 SH   DFND 1, 2 29,476 0 0
KAPSTONE PAPER & PACKAGING C COM 48562P103 635 14,836 SH   DFND 1, 2 14,836 0 0
KELLOGG CO COM 487836108 107 1,820 SH   DFND 1, 2 1,820 0 0
KENNEDY-WILSON HLDGS INC COM 489398107 608 32,733 SH   DFND 1, 2 32,733 0 0
KEY ENERGY SVCS INC COM 492914106 34 4,726 SH   DFND 1, 2 4,726 0 0
KINDER MORGAN INC DEL COM 49456B101 26 726 SH   DFND 1, 2 726 0 0
KITE RLTY GROUP TR COM 49803T102 313 52,751 SH   DFND 1, 2 52,751 0 0
KODIAK OIL & GAS CORP COM 50015Q100 114 9,474 SH   DFND 1, 2 9,474 0 0
LEAP WIRELESS INTL INC COM NEW 521863308 202 12,782 SH   DFND 1, 2 12,782 0 0
LENDER PROCESSING SVCS INC COM 52602E102 361 10,839 SH   DFND 1, 2 10,839 0 0
LEXINGTON REALTY TRUST COM 529043101 1,124 100,090 SH   DFND 1, 2 100,090 0 0
LIFE TECHNOLOGIES CORP COM 53217V109 1,848 24,700 SH   DFND 1, 2 24,700 0 0
LINDSAY CORP COM 535555106 836 10,243 SH   DFND 1, 2 10,243 0 0
LOUISIANA PAC CORP COM 546347105 772 43,868 SH   DFND 1, 2 43,868 0 0
MPG OFFICE TR INC COM 553274101 52 16,703 SH   DFND 1, 2 16,703 0 0
MAIDENFORM BRANDS INC COM 560305104 56 2,387 SH   DFND 1, 2 2,387 0 0
MARATHON OIL CORP COM 565849106 17 490 SH   DFND 1, 2 490 0 0
MARKET VECTORS ETF TR EM LC CURR DBT 57060U522 2,518 103,606 SH   DFND 1, 2 103,606 0 0
MEADWESTVACO CORP COM 583334107 2,147 55,949 SH   DFND 1, 2 55,949 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 1,089 89,478 SH   DFND 1, 2 89,478 0 0
MONDELEZ INTL INC CL A 609207105 283 9,007 SH   DFND 1, 2 9,007 0 0
NATIONAL OILWELL VARCO INC COM 637071101 24 305 SH   DFND 1, 2 305 0 0
NEW RESIDENTIAL INVT CORP COM 64828T102 956 144,424 SH   DFND 1, 2 144,424 0 0
NEW YORK MTG TR INC COM PAR $.02 649604501 224 35,869 SH   DFND 1, 2 35,869 0 0
NEWCASTLE INVT CORP COM 65105M108 921 163,915 SH   DFND 1, 2 163,915 0 0
NEWMONT MINING CORP COM 651639106 1,585 56,420 SH   DFND 1, 2 56,420 0 0
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 41 2,065 SH   DFND 1, 2 2,065 0 0
NORTHSTAR RLTY FIN CORP COM 66704R100 1,238 133,403 SH   DFND 1, 2 133,403 0 0
NV ENERGY INC COM 67073Y106 796 33,732 SH   DFND 1, 2 33,732 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 53 562 SH   DFND 1, 2 562 0 0
OMNICOM GROUP INC COM 681919106 691 10,885 SH   DFND 1, 2 10,885 0 0
ONYX PHARMACEUTICALS INC COM 683399109 1,250 10,027 SH   DFND 1, 2 10,027 0 0
OPTIMER PHARMACEUTICALS INC COM 68401H104 78 6,185 SH   DFND 1, 2 6,185 0 0
PARKWAY PPTYS INC COM 70159Q104 435 24,455 SH   DFND 1, 2 24,455 0 0
PEABODY ENERGY CORP COM 704549104 1,322 76,640 SH   DFND 1, 2 76,640 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 996 34,683 SH   DFND 1, 2 34,683 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 696 37,240 SH   DFND 1, 2 37,240 0 0
PENNYMAC MTG INVT TR COM 70931T103 845 37,250 SH   DFND 1, 2 37,250 0 0
PETROQUEST ENERGY INC COM 716748108 8 2,033 SH   DFND 1, 2 2,033 0 0
PHILLIPS 66 COM 718546104 25 432 SH   DFND 1, 2 432 0 0
PIONEER ENERGY SVCS CORP COM 723664108 16 2,194 SH   DFND 1, 2 2,194 0 0
PIONEER SOUTHWST ENRG PRTNR UNIT LP INT 72388B106 62 1,401 SH   DFND 1, 2 1,401 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 8,867 344,217 SH   DFND 1, 2 344,217 0 0
POWERSHARES DB G10 CURCY HAR COM UT BEN INT 73935Y102 6,463 252,967 SH   DFND 1, 2 252,967 0 0
POWERSHS DB MULTI SECT COMM DB GOLD FUND 73936B606 3,996 89,247 SH   DFND 1, 2 89,247 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 54,835 2,221,837 SH   DFND 1, 2 2,221,837 0 0
POWERSHARES GLOBAL ETF TRUST SOVEREIGN DEBT 73936T573 4,343 158,837 SH   DFND 1, 2 158,837 0 0
PROSHARES TR II ULTRASHRT NEW 74347W395 218 2,484 SH   DFND 1, 2 2,484 0 0
PROSHARES TR II ULTRASHRT EURO 74347W882 640 36,072 SH   DFND 1, 2 36,072 0 0
PROSHARES TR REAL EST NEW 11 74348A871 752 34,253 SH   DFND 1, 2 34,253 0 0
QR ENERGY LP UNIT LTD PRTNS 74734R108 29 1,800 SH   DFND 1, 2 1,800 0 0
RAIT FINANCIAL TRUST COM NEW 749227609 280 39,580 SH   DFND 1, 2 39,580 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 523 33,963 SH   DFND 1, 2 33,963 0 0
REDWOOD TR INC COM 758075402 905 45,950 SH   DFND 1, 2 45,950 0 0
RESOLUTE FST PRODS INC COM 76117W109 392 29,634 SH   DFND 1, 2 29,634 0 0
RESOURCE CAP CORP COM 76120W302 416 70,083 SH   DFND 1, 2 70,083 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 551 39,834 SH   DFND 1, 2 39,834 0 0
ROYAL GOLD INC COM 780287108 346 7,115 SH   DFND 1, 2 7,115 0 0
RUE21 INC COM 781295100 193 4,775 SH   DFND 1, 2 4,775 0 0
SHFL ENTMT INC COM 78423R105 87 3,789 SH   DFND 1, 2 3,789 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 27,965 166,358 SH   DFND 1, 2 166,358 0 0
SPDR INDEX SHS FDS S&P EMKTSC ETF 78463X756 2,440 53,639 SH   DFND 1, 2 53,639 0 0
SPDR INDEX SHS FDS DJ INTL RL ETF 78463X863 4,994 118,527 SH   DFND 1, 2 118,527 0 0
SPDR SERIES TRUST BRC CNV SECS ETF 78464A359 19,582 433,223 SH   DFND 1, 2 433,223 0 0
SPDR SERIES TRUST DJ REIT ETF 78464A607 484 6,641 SH   DFND 1, 2 6,641 0 0
SPDR SERIES TRUST BRCLYS AGG ETF 78464A649 3,477 61,081 SH   DFND 1, 2 61,081 0 0
SPDR SERIES TRUST BRCLYS 1-3MT ETF 78464A680 16,574 361,961 SH   DFND 1, 2 361,961 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 480 20,872 SH   DFND 1, 2 20,872 0 0
SAKS INC COM 79377W108 452 28,350 SH   DFND 1, 2 28,350 0 0
SCHLUMBERGER LTD COM 806857108 82 932 SH   DFND 1, 2 932 0 0
SEABOARD CORP COM 811543107 632 230 SH   DFND 1, 2 230 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 330 21,063 SH   DFND 1, 2 21,063 0 0
SMUCKER J M CO COM NEW 832696405 56 536 SH   DFND 1, 2 536 0 0
SOURCEFIRE INC COM 83616T108 470 6,195 SH   DFND 1, 2 6,195 0 0
SOUTHERN COPPER CORP COM 84265V105 769 28,244 SH   DFND 1, 2 28,244 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 1,772 193,013 SH   DFND 1, 2 193,013 0 0
STAG INDL INC COM 85254J102 483 23,991 SH   DFND 1, 2 23,991 0 0
STEWART ENTERPRISES INC CL A 860370105 138 10,525 SH   DFND 1, 2 10,525 0 0
STONE ENERGY CORP COM 861642106 57 1,763 SH   DFND 1, 2 1,763 0 0
SUMMIT HOTEL PPTYS COM 866082100 427 46,464 SH   DFND 1, 2 46,464 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 1,165 91,461 SH   DFND 1, 2 91,461 0 0
SYNERGY RES CORP COM 87164P103 19 1,911 SH   DFND 1, 2 1,911 0 0
TMS INTL CORP CL A 87261Q103 89 5,126 SH   DFND 1, 2 5,126 0 0
TESORO LOGISTICS LP COM UNIT LP 88160T107 61 1,048 SH   DFND 1, 2 1,048 0 0
TORO CO COM 891092108 2,520 46,365 SH   DFND 1, 2 46,365 0 0
TYSON FOODS INC CL A 902494103 2,050 72,483 SH   DFND 1, 2 72,483 0 0
U S AIRWAYS GROUP INC COM 90341W108 707 37,280 SH   DFND 1, 2 37,280 0 0
VAALCO ENERGY INC COM NEW 91851C201 11 1,998 SH   DFND 1, 2 1,998 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 61,769 768,562 SH   DFND 1, 2 768,562 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 87,391 1,080,496 SH   DFND 1, 2 1,080,496 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 22,943 579,671 SH   DFND 1, 2 579,671 0 0
VANGUARD HEALTH SYS INC COM 922036207 285 13,586 SH   DFND 1, 2 13,586 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 1,179 29,405 SH   DFND 1, 2 29,405 0 0
VANGUARD INDEX FDS REIT ETF 922908553 3,954 59,760 SH   DFND 1, 2 59,760 0 0
VOLTERRA SEMICONDUCTOR CORP COM 928708106 180 7,805 SH   DFND 1, 2 7,805 0 0
WMS INDS INC COM 929297109 242 9,308 SH   DFND 1, 2 9,308 0 0
WESTERN ASSET MTG CAP CORP COM 95790D105 212 13,288 SH   DFND 1, 2 13,288 0 0
WESTERN REFNG INC COM 959319104 58 1,923 SH   DFND 1, 2 1,923 0 0
WISDOMTREE TR DRYFS CURR ETF 97717W133 10,075 500,484 SH   DFND 1, 2 500,484 0 0
WISDOMTREE TR EM LCL DEBT FD 97717X867 3,441 73,080 SH   DFND 1, 2 73,080 0 0
XYLEM INC COM 98419M100 246 8,817 SH   DFND 1, 2 8,817 0 0