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
AMIRA NATURE FOODS LTD SHS G0335L102 86 7,513 SH   DFND 1,2 7,513 0 0
BUNGE LIMITED COM G16962105 59 675 SH   DFND 1,2 675 0 0
FREESCALE SEMICONDUCTOR LTD SHS G3727Q101 4,113 102,893 SH   DFND 1,2 102,893 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 177 8,406 SH   DFND 1,2 8,406 0 0
PENTAIR PLC SHS G7S00T104 1,334 19,405 SH   DFND 1,2 19,405 0 0
PERRIGO CO PLC SHS G97822103 4,708 25,471 SH   DFND 1,2 25,471 0 0
ADECOAGRO S A COM L00849106 408 44,250 SH   DFND 1,2 44,250 0 0
MYLAN N V SHS EURO N59465109 4,384 64,602 SH   DFND 1,2 64,602 0 0
OCEAN RIG UDW INC SHS Y64354205 26 5,144 SH   DFND 1,2 5,144 0 0
AG MTG INVT TR INC COM 001228105 534 30,906 SH   DFND 1,2 30,906 0 0
ACADIA RLTY TR COM SH BEN INT 004239109 2,190 75,220 SH   DFND 1,2 75,220 0 0
ADVENT SOFTWARE INC COM 007974108 1,299 29,383 SH   DFND 1,2 29,383 0 0
ALCOA INC COM 013817101 415 37,202 SH   DFND 1,2 37,202 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 0 1 SH   DFND 1,2 1 0 0
ALON USA ENERGY INC COM 020520102 40 2,106 SH   DFND 1,2 2,106 0 0
ALON USA PARTNERS LP UT LTDPART INT 02052T109 16 772 SH   DFND 1,2 772 0 0
AMERICAN RESIDENTIAL PPTYS I COM 02927E303 656 35,447 SH   DFND 1,2 35,447 0 0
AMERICAN VANGUARD CORP COM 030371108 180 13,049 SH   DFND 1,2 13,049 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 944 19,407 SH   DFND 1,2 19,407 0 0
ANADARKO PETE CORP COM 032511107 241 3,087 SH   DFND 1,2 3,087 0 0
ANN INC COM 035623107 1,473 30,499 SH   DFND 1,2 30,499 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 562 113,896 SH   DFND 1,2 113,896 0 0
APACHE CORP COM 037411105 130 2,257 SH   DFND 1,2 2,257 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 1,049 63,820 SH   DFND 1,2 63,820 0 0
APOLLO RESIDENTIAL MTG INC COM 03763V102 514 35,006 SH   DFND 1,2 35,006 0 0
AQUA AMERICA INC COM 03836W103 467 19,086 SH   DFND 1,2 19,086 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 142 2,944 SH   DFND 1,2 2,944 0 0
ARES COML REAL ESTATE CORP COM 04013V108 316 27,755 SH   DFND 1,2 27,755 0 0
ARMOUR RESIDENTIAL REIT INC COM 042315101 1,076 382,904 SH   DFND 1,2 382,904 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 893 105,608 SH   DFND 1,2 105,608 0 0
ASSOCIATED ESTATES RLTY CORP COM 045604105 2,433 84,952 SH   DFND 1,2 84,952 0 0
BAKER HUGHES INC COM 057224107 10,728 173,877 SH   DFND 1,2 173,877 0 0
BARCLAYS BK PLC IPATH S&P MT ETN 06740C519 188 16,789 SH   DFND 1,2 16,789 0 0
BOISE CASCADE CO DEL COM 09739D100 84 2,297 SH   DFND 1,2 2,297 0 0
BONANZA CREEK ENERGY INC COM 097793103 51 2,780 SH   DFND 1,2 2,780 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 2,593 195,232 SH   DFND 1,2 195,232 0 0
BROADCOM CORP CL A 111320107 5,128 99,592 SH   DFND 1,2 99,592 0 0
CLECO CORP NEW COM 12561W105 991 18,406 SH   DFND 1,2 18,406 0 0
CVR ENERGY INC COM 12662P108 40 1,067 SH   DFND 1,2 1,067 0 0
CVR PARTNERS LP COM 126633106 202 16,014 SH   DFND 1,2 16,014 0 0
CVR REFNG LP COMUNIT REP LT 12663P107 55 3,019 SH   DFND 1,2 3,019 0 0
CALIFORNIA RES CORP COM 13057Q107 129 21,424 SH   DFND 1,2 21,424 0 0
CAMPUS CREST CMNTYS INC COM 13466Y105 388 70,002 SH   DFND 1,2 70,002 0 0
CATAMARAN CORP COM 148887102 6,878 112,606 SH   DFND 1,2 112,606 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 571 89,204 SH   DFND 1,2 89,204 0 0
CHAMBERS STR PPTYS COM 157842105 2,064 259,595 SH   DFND 1,2 259,595 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 1,965 64,463 SH   DFND 1,2 64,463 0 0
CHEVRON CORP NEW COM 166764100 1,086 11,259 SH   DFND 1,2 11,259 0 0
CITY NATL CORP COM 178566105 2,147 23,757 SH   DFND 1,2 23,757 0 0
COLONY CAP INC CL A 19624R106 2,714 119,839 SH   DFND 1,2 119,839 0 0
CONAGRA FOODS INC COM 205887102 86 1,977 SH   DFND 1,2 1,977 0 0
CONOCOPHILLIPS COM 20825C104 453 7,375 SH   DFND 1,2 7,375 0 0
CONSOL ENERGY INC COM 20854P109 593 27,272 SH   DFND 1,2 27,272 0 0
COUSINS PPTYS INC COM 222795106 2,330 224,485 SH   DFND 1,2 224,485 0 0
CREDIT SUISSE NASSAU BRH INVRS VIX MDTERM 22542D829 495 10,646 SH   DFND 1,2 10,646 0 0
CURRENCYSHS BRIT POUND STER BRIT POUND STE 23129S106 2,521 16,366 SH   DFND 1,2 16,366 0 0
CURRENCYSHS JAPANESE YEN TR JAPANESE YEN 23130A102 17,248 217,368 SH   DFND 1,2 217,368 0 0
CURRENCYSHARES EURO TR EURO SHS 23130C108 54,859 501,180 SH   DFND 1,2 501,180 0 0
CYRUSONE INC COM 23283R100 1,614 54,803 SH   DFND 1,2 54,803 0 0
DENBURY RES INC COM NEW 247916208 152 23,868 SH   DFND 1,2 23,868 0 0
DEVON ENERGY CORP NEW COM 25179M103 146 2,462 SH   DFND 1,2 2,462 0 0
DYNEX CAP INC COM NEW 26817Q506 427 55,993 SH   DFND 1,2 55,993 0 0
EOG RES INC COM 26875P101 288 3,284 SH   DFND 1,2 3,284 0 0
EP ENERGY CORP CL A 268785102 31 2,420 SH   DFND 1,2 2,420 0 0
EDUCATION RLTY TR INC COM NEW 28140H203 1,658 52,868 SH   DFND 1,2 52,868 0 0
EMPIRE ST RLTY TR INC CL A 292104106 1,959 114,838 SH   DFND 1,2 114,838 0 0
EXCEL TR INC COM 30068C109 1,017 64,477 SH   DFND 1,2 64,477 0 0
EXXON MOBIL CORP COM 30231G102 2,090 25,119 SH   DFND 1,2 25,119 0 0
FELCOR LODGING TR INC COM 31430F101 1,434 145,183 SH   DFND 1,2 145,183 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 2,244 119,834 SH   DFND 1,2 119,834 0 0
FIRST POTOMAC RLTY TR COM 33610F109 651 63,237 SH   DFND 1,2 63,237 0 0
FLOWSERVE CORP COM 34354P105 766 14,542 SH   DFND 1,2 14,542 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 1,182 104,520 SH   DFND 1,2 104,520 0 0
FREEPORT-MCMORAN INC CL B 35671D857 589 31,653 SH   DFND 1,2 31,653 0 0
GENERAL MLS INC COM 370334104 154 2,767 SH   DFND 1,2 2,767 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 1,403 75,629 SH   DFND 1,2 75,629 0 0
GRAFTECH INTL LTD COM 384313102 500 100,732 SH   DFND 1,2 100,732 0 0
GRAMERCY PPTY TR INC COM NEW 38489R605 1,411 60,365 SH   DFND 1,2 60,365 0 0
GULFMARK OFFSHORE INC CL A NEW 402629208 19 1,669 SH   DFND 1,2 1,669 0 0
GULFPORT ENERGY CORP COM NEW 402635304 291 7,239 SH   DFND 1,2 7,239 0 0
HAIN CELESTIAL GROUP INC COM 405217100 31 472 SH   DFND 1,2 472 0 0
HALLIBURTON CO COM 406216101 218 5,068 SH   DFND 1,2 5,068 0 0
HATTERAS FINL CORP COM 41902R103 1,719 105,451 SH   DFND 1,2 105,451 0 0
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 1,348 52,588 SH   DFND 1,2 52,588 0 0
HORMEL FOODS CORP COM 440452100 1,085 19,245 SH   DFND 1,2 19,245 0 0
HOSPIRA INC COM 441060100 11,355 127,996 SH   DFND 1,2 127,996 0 0
HUDSON PAC PPTYS INC COM 444097109 2,638 92,973 SH   DFND 1,2 92,973 0 0
ISTAR FINL INC COM 45031U101 1,208 90,672 SH   DFND 1,2 90,672 0 0
IDEX CORP COM 45167R104 664 8,445 SH   DFND 1,2 8,445 0 0
IGATE CORP COM 45169U105 1,842 38,632 SH   DFND 1,2 38,632 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 203 27,008 SH   DFND 1,2 27,008 0 0
INFORMATICA CORP COM 45666Q102 1,116 23,020 SH   DFND 1,2 23,020 0 0
INFRAREIT INC COM 45685L100 646 22,767 SH   DFND 1,2 22,767 0 0
INGREDION INC COM 457187102 26 332 SH   DFND 1,2 332 0 0
INLAND REAL ESTATE CORP COM NEW 457461200 911 96,748 SH   DFND 1,2 96,748 0 0
INTEGRATED SILICON SOLUTION COM 45812P107 609 27,500 SH   DFND 1,2 27,500 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1,940 135,461 SH   DFND 1,2 135,461 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 953 133,437 SH   DFND 1,2 133,437 0 0
ISHARES MSCI EURZONE ETF 464286608 9,516 253,496 SH   DFND 1,2 253,496 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 22,424 486,430 SH   DFND 1,2 486,430 0 0
ISHARES TR CORE S&P500 ETF 464287200 4 21 SH   DFND 1,2 21 0 0
ISHARES TR CORE US AGGBD ET 464287226 81,761 751,615 SH   DFND 1,2 751,615 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 190 4,788 SH   DFND 1,2 4,788 0 0
ISHARES TR IBOXX INV CP ETF 464287242 4,591 39,678 SH   DFND 1,2 39,678 0 0
ISHARES TR S&P 500 GRWT ETF 464287309 477 4,181 SH   DFND 1,2 4,181 0 0
ISHARES TR S&P 500 VAL ETF 464287408 1,661 18,017 SH   DFND 1,2 18,017 0 0
ISHARES TR 20+ YR TR BD ETF 464287432 663 5,647 SH   DFND 1,2 5,647 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 179,963 2,120,693 SH   DFND 1,2 2,120,693 0 0
ISHARES TR MSCI EAFE ETF 464287465 1,779 28,008 SH   DFND 1,2 28,008 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 5,117 49,600 SH   DFND 1,2 49,600 0 0
ISHARES TR RUS 1000 GRW ETF 464287614 1,104 11,154 SH   DFND 1,2 11,154 0 0
ISHARES TR RUS 2000 VAL ETF 464287630 3,226 31,635 SH   DFND 1,2 31,635 0 0
ISHARES TR RUS 2000 GRW ETF 464287648 1,881 12,163 SH   DFND 1,2 12,163 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 725 5,805 SH   DFND 1,2 5,805 0 0
ISHARES TR U.S. REAL ES ETF 464287739 3,048 42,751 SH   DFND 1,2 42,751 0 0
ISHARES TR EUROPE ETF 464287861 2,861 65,447 SH   DFND 1,2 65,447 0 0
ISHARES TR SP SMCP600VL ETF 464287879 1,818 15,436 SH   DFND 1,2 15,436 0 0
ISHARES TR SP SMCP600GR ETF 464287887 921 7,029 SH   DFND 1,2 7,029 0 0
ISHARES EAFE SML CP ETF 464288273 23,607 462,712 SH   DFND 1,2 462,712 0 0
ISHARES CORE US CR BD 464288620 69 635 SH   DFND 1,2 635 0 0
ISHARES SHRT TRS BD ETF 464288679 55,735 505,353 SH   DFND 1,2 505,353 0 0
ISHARES INDIA 50 ETF 464289529 1,312 43,956 SH   DFND 1,2 43,956 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 23 1,493 SH   DFND 1,2 1,493 0 0
ISHARES TR MSCI INDIA ETF 46429B598 4,889 161,297 SH   DFND 1,2 161,297 0 0
ISHARES TR CHINA ETF 46429B671 6,859 122,394 SH   DFND 1,2 122,394 0 0
JOY GLOBAL INC COM 481165108 420 11,593 SH   DFND 1,2 11,593 0 0
KELLOGG CO COM 487836108 104 1,656 SH   DFND 1,2 1,656 0 0
KENNEDY-WILSON HLDGS INC COM 489398107 2,394 97,368 SH   DFND 1,2 97,368 0 0
KEY ENERGY SVCS INC COM 492914106 16 9,036 SH   DFND 1,2 9,036 0 0
KINDER MORGAN INC DEL COM 49456B101 493 12,847 SH   DFND 1,2 12,847 0 0
KITE RLTY GROUP TR COM NEW 49803T300 2,241 91,584 SH   DFND 1,2 91,584 0 0
KRAFT FOODS GROUP INC COM 50076Q106 13,613 159,888 SH   DFND 1,2 159,888 0 0
LEGACY RESVS LP UNIT LP INT 524707304 34 4,016 SH   DFND 1,2 4,016 0 0
LEXINGTON REALTY TRUST COM 529043101 1,742 205,471 SH   DFND 1,2 205,471 0 0
LINDSAY CORP COM 535555106 475 5,406 SH   DFND 1,2 5,406 0 0
LOUISIANA PAC CORP COM 546347105 141 8,281 SH   DFND 1,2 8,281 0 0
MACK CALI RLTY CORP COM 554489104 1,623 88,065 SH   DFND 1,2 88,065 0 0
MARATHON PETE CORP COM 56585A102 171 3,270 SH   DFND 1,2 3,270 0 0
MARKET VECTORS ETF TR EM LC CURR DBT 57060U522 59,318 3,035,717 SH   DFND 1,2 3,035,717 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 2,944 224,544 SH   DFND 1,2 224,544 0 0
MERCER INTL INC COM 588056101 51 3,745 SH   DFND 1,2 3,745 0 0
MID CON ENERGY PARTNERS LP COM UNIT REPST 59560V109 8 1,619 SH   DFND 1,2 1,619 0 0
MONDELEZ INTL INC CL A 609207105 315 7,656 SH   DFND 1,2 7,656 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 569 58,563 SH   DFND 1,2 58,563 0 0
MONOGRAM RESIDENTIAL TR INC COM 60979P105 1,546 171,377 SH   DFND 1,2 171,377 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 314 25,286 SH   DFND 1,2 25,286 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 3,762 246,844 SH   DFND 1,2 246,844 0 0
NEW SR INVT GROUP INC COM 648691103 971 72,605 SH   DFND 1,2 72,605 0 0
NEW YORK MTG TR INC COM PAR $.02 649604501 897 119,866 SH   DFND 1,2 119,866 0 0
NEW YORK REIT INC COM 64976L109 1,778 178,726 SH   DFND 1,2 178,726 0 0
NEWCASTLE INVT CORP NEW COM PAR $0.01 65105M603 318 71,981 SH   DFND 1,2 71,981 0 0
NEWMONT MINING CORP COM 651639106 1,025 43,891 SH   DFND 1,2 43,891 0 0
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 92 3,861 SH   DFND 1,2 3,861 0 0
OASIS PETE INC NEW COM 674215108 145 9,126 SH   DFND 1,2 9,126 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 359 4,614 SH   DFND 1,2 4,614 0 0
OFFICE DEPOT INC COM 676220106 6,256 722,427 SH   DFND 1,2 722,427 0 0
OIL STS INTL INC COM 678026105 128 3,448 SH   DFND 1,2 3,448 0 0
OMNICARE INC COM 681904108 7,574 80,366 SH   DFND 1,2 80,366 0 0
OMNIVISION TECHNOLOGIES INC COM 682128103 1,941 74,114 SH   DFND 1,2 74,114 0 0
ORBITZ WORLDWIDE INC COM 68557K109 2,954 258,677 SH   DFND 1,2 258,677 0 0
ORCHID IS CAP INC COM 68571X103 213 19,023 SH   DFND 1,2 19,023 0 0
PBF ENERGY INC CL A 69318G106 166 5,855 SH   DFND 1,2 5,855 0 0
PALL CORP COM 696429307 2,636 21,184 SH   DFND 1,2 21,184 0 0
PARKWAY PPTYS INC COM 70159Q104 1,598 91,637 SH   DFND 1,2 91,637 0 0
PEABODY ENERGY CORP COM 704549104 72 32,904 SH   DFND 1,2 32,904 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 1,572 73,669 SH   DFND 1,2 73,669 0 0
PENNYMAC MTG INVT TR COM 70931T103 1,399 80,273 SH   DFND 1,2 80,273 0 0
PHILLIPS 66 COM 718546104 262 3,254 SH   DFND 1,2 3,254 0 0
PHYSICIANS RLTY TR COM 71943U104 1,179 76,777 SH   DFND 1,2 76,777 0 0
PILGRIMS PRIDE CORP NEW COM 72147K108 435 18,927 SH   DFND 1,2 18,927 0 0
PIONEER ENERGY SVCS CORP COM 723664108 27 4,285 SH   DFND 1,2 4,285 0 0
PIONEER NAT RES CO COM 723787107 124 892 SH   DFND 1,2 892 0 0
POLYPORE INTL INC COM 73179V103 6,837 114,171 SH   DFND 1,2 114,171 0 0
POWERSHARES DB G10 CURCY HAR COM UT BEN INT 73935Y102 26,846 1,142,397 SH   DFND 1,2 1,142,397 0 0
POWERSHS DB MULTI SECT COMM DB GOLD FUND 73936B606 62 1,601 SH   DFND 1,2 1,601 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 2,294 96,409 SH   DFND 1,2 96,409 0 0
PROSHARES TR II ULTRASHRT NEW 74347W395 100 1,011 SH   DFND 1,2 1,011 0 0
PROSHARES TR II ULSHT BLOOMB CMD 74347W676 339 3,811 SH   DFND 1,2 3,811 0 0
PROSHARES TR ULTSHT RUSS2000 74348A319 657 18,910 SH   DFND 1,2 18,910 0 0
QTS RLTY TR INC COM CL A 74736A103 1,276 35,018 SH   DFND 1,2 35,018 0 0
RAIT FINANCIAL TRUST COM NEW 749227609 551 90,122 SH   DFND 1,2 90,122 0 0
RPC INC COM 749660106 57 4,115 SH   DFND 1,2 4,115 0 0
RTI INTL METALS INC COM 74973W107 1,187 37,653 SH   DFND 1,2 37,653 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 1,395 85,465 SH   DFND 1,2 85,465 0 0
REDWOOD TR INC COM 758075402 1,432 91,210 SH   DFND 1,2 91,210 0 0
RESOLUTE FST PRODS INC COM 76117W109 62 5,514 SH   DFND 1,2 5,514 0 0
RESOURCE CAP CORP COM 76120W302 552 142,760 SH   DFND 1,2 142,760 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 1,585 101,462 SH   DFND 1,2 101,462 0 0
ROSETTA RESOURCES INC COM 777779307 749 32,366 SH   DFND 1,2 32,366 0 0
ROYAL GOLD INC COM 780287108 353 5,736 SH   DFND 1,2 5,736 0 0
RYDEX ETF TRUST GUG S&P500 PU VA 78355W304 156 2,920 SH   DFND 1,2 2,920 0 0
RYDEX ETF TRUST GUG S&P500 PU GR 78355W403 80 982 SH   DFND 1,2 982 0 0
SM ENERGY CO COM 78454L100 209 4,528 SH   DFND 1,2 4,528 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 2,883 14,005 SH   DFND 1,2 14,005 0 0
SPDR INDEX SHS FDS S&P CHINA ETF 78463X400 3,884 43,676 SH   DFND 1,2 43,676 0 0
SPDR INDEX SHS FDS S&P EMKTSC ETF 78463X756 33,217 737,500 SH   DFND 1,2 737,500 0 0
SPDR INDEX SHS FDS S&P INTL SMLCP 78463X871 4,067 133,248 SH   DFND 1,2 133,248 0 0
SPDR SERIES TRUST BRC CNV SECS ETF 78464A359 35,295 741,972 SH   DFND 1,2 741,972 0 0
SPDR SERIES TRUST DJ REIT ETF 78464A607 2,041 24,206 SH   DFND 1,2 24,206 0 0
SPDR SERIES TRUST BRCLYS AGG ETF 78464A649 8,467 147,504 SH   DFND 1,2 147,504 0 0
SPDR SERIES TRUST BRCLYS 1-3MT ETF 78464A680 32,467 710,280 SH   DFND 1,2 710,280 0 0
SSGA ACTIVE ETF TR BLKSTN GSOSRLN 78467V608 265 5,358 SH   DFND 1,2 5,358 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 1,637 63,594 SH   DFND 1,2 63,594 0 0
SANCHEZ ENERGY CORP COM 79970Y105 36 3,642 SH   DFND 1,2 3,642 0 0
SANDERSON FARMS INC COM 800013104 819 10,892 SH   DFND 1,2 10,892 0 0
SCHLUMBERGER LTD COM 806857108 655 7,594 SH   DFND 1,2 7,594 0 0
SEABOARD CORP COM 811543107 306 85 SH   DFND 1,2 85 0 0
SEMGROUP CORP CL A 81663A105 235 2,962 SH   DFND 1,2 2,962 0 0
SIGMA ALDRICH CORP COM 826552101 4,933 35,400 SH   DFND 1,2 35,400 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 605 37,130 SH   DFND 1,2 37,130 0 0
SMUCKER J M CO COM NEW 832696405 60 555 SH   DFND 1,2 555 0 0
SOUTHERN COPPER CORP COM 84265V105 722 24,553 SH   DFND 1,2 24,553 0 0
SPECTRA ENERGY CORP COM 847560109 131 4,018 SH   DFND 1,2 4,018 0 0
STAG INDL INC COM 85254J102 1,439 71,931 SH   DFND 1,2 71,931 0 0
STONE ENERGY CORP COM 861642106 47 3,755 SH   DFND 1,2 3,755 0 0
SUMMIT HOTEL PPTYS COM 866082100 1,205 92,640 SH   DFND 1,2 92,640 0 0
SYNERGY RES CORP COM 87164P103 70 6,123 SH   DFND 1,2 6,123 0 0
TESCO CORP COM 88157K101 27 2,470 SH   DFND 1,2 2,470 0 0
TESORO LOGISTICS LP COM UNIT LP 88160T107 205 3,592 SH   DFND 1,2 3,592 0 0
TIME WARNER CABLE INC COM 88732J207 7,543 42,336 SH   DFND 1,2 42,336 0 0
TURQUOISE HILL RES LTD COM 900435108 900 237,427 SH   DFND 1,2 237,427 0 0
TYSON FOODS INC CL A 902494103 1,164 27,300 SH   DFND 1,2 27,300 0 0
VAALCO ENERGY INC COM NEW 91851C201 8 3,773 SH   DFND 1,2 3,773 0 0
VALERO ENERGY CORP NEW COM 91913Y100 193 3,084 SH   DFND 1,2 3,084 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 310,262 3,869,081 SH   DFND 1,2 3,869,081 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 229,692 2,826,627 SH   DFND 1,2 2,826,627 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 879 22,160 SH   DFND 1,2 22,160 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 324 7,947 SH   DFND 1,2 7,947 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 13,523 250,519 SH   DFND 1,2 250,519 0 0
VANGUARD INDEX FDS REIT ETF 922908553 17,296 231,564 SH   DFND 1,2 231,564 0 0
VANGUARD INDEX FDS SML CP GRW ETF 922908595 1,263 9,400 SH   DFND 1,2 9,400 0 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611 22,934 212,727 SH   DFND 1,2 212,727 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736 698 6,520 SH   DFND 1,2 6,520 0 0
VANGUARD INDEX FDS VALUE ETF 922908744 3,655 43,844 SH   DFND 1,2 43,844 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 1,930 74,372 SH   DFND 1,2 74,372 0 0
WESTERN ASSET MTG CAP CORP COM 95790D105 672 45,510 SH   DFND 1,2 45,510 0 0
WESTERN REFNG INC COM 959319104 212 4,857 SH   DFND 1,2 4,857 0 0
WILLIAMS COS INC DEL COM 969457100 257 4,478 SH   DFND 1,2 4,478 0 0
WINTHROP RLTY TR SH BEN INT NEW 976391300 554 36,599 SH   DFND 1,2 36,599 0 0
WISDOMTREE TR INTL SMCAP DIV 97717W760 5,551 92,003 SH   DFND 1,2 92,003 0 0
WISDOMTREE TR EM LCL DEBT FD 97717X867 26,516 682,181 SH   DFND 1,2 682,181 0 0
XYLEM INC COM 98419M100 730 19,679 SH   DFND 1,2 19,679 0 0