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 155 9,868 SH   DFND 01, 02 9,868 0 0
BUNGE LIMITED COM G16962105 715 8,483 SH   DFND 01, 02 8,483 0 0
COVIDIEN PLC SHS G2554F113 2,920 33,757 SH   DFND 01, 02 33,757 0 0
PENTAIR PLC SHS G7S00T104 287 4,387 SH   DFND 01, 02 4,387 0 0
ADECOAGRO S A COM L00849106 511 58,041 SH   DFND 01, 02 58,041 0 0
OCEAN RIG UDW INC SHS Y64354205 24 1,475 SH   DFND 01, 02 1,475 0 0
AG MTG INVT TR INC COM 001228105 413 23,186 SH   DFND 01, 02 23,186 0 0
ACADIA RLTY TR COM SH BEN INT 004239109 1,339 48,551 SH   DFND 01, 02 48,551 0 0
ALCOA INC COM 013817101 574 35,666 SH   DFND 01, 02 35,666 0 0
ALLERGAN INC COM 018490102 2,253 12,645 SH   DFND 01, 02 12,645 0 0
ALON USA ENERGY INC COM 020520102 11 768 SH   DFND 01, 02 768 0 0
ALON USA PARTNERS LP UT LTDPART INT 02052T109 6 361 SH   DFND 01, 02 361 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102 28 11,107 SH   DFND 01, 02 11,107 0 0
AMER RLTY CAP HEALTHCAR TR I COM 02917R108 272 25,910 SH   DFND 01, 02 25,910 0 0
AMERICAN RESIDENTIAL PPTYS I COM 02927E303 485 26,438 SH   DFND 01, 02 26,438 0 0
AMERICAN VANGUARD CORP COM 030371108 175 15,609 SH   DFND 01, 02 15,609 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 192 3,972 SH   DFND 01, 02 3,972 0 0
ANADARKO PETE CORP COM 032511107 94 923 SH   DFND 01, 02 923 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 474 99,032 SH   DFND 01, 02 99,032 0 0
APACHE CORP COM 037411105 67 712 SH   DFND 01, 02 712 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 604 38,441 SH   DFND 01, 02 38,441 0 0
APOLLO RESIDENTIAL MTG INC COM 03763V102 406 26,286 SH   DFND 01, 02 26,286 0 0
AQUA AMERICA INC COM 03836W103 93 3,937 SH   DFND 01, 02 3,937 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 1,946 38,079 SH   DFND 01, 02 38,079 0 0
ARES COML REAL ESTATE CORP COM 04013V108 251 21,452 SH   DFND 01, 02 21,452 0 0
ARMOUR RESIDENTIAL REIT INC COM 042315101 1,122 291,443 SH   DFND 01, 02 291,443 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 708 69,265 SH   DFND 01, 02 69,265 0 0
ASSOCIATED ESTATES RLTY CORP COM 045604105 773 44,163 SH   DFND 01, 02 44,163 0 0
AVIV REIT INC MD COM 05381L101 547 20,764 SH   DFND 01, 02 20,764 0 0
BPZ RESOURCES INC COM 055639108 6 3,172 SH   DFND 01, 02 3,172 0 0
BAKER HUGHES INC COM 057224107 51 787 SH   DFND 01, 02 787 0 0
BALLY TECHNOLOGIES INC COM 05874B107 819 10,145 SH   DFND 01, 02 10,145 0 0
BONANZA CREEK ENERGY INC COM 097793103 56 985 SH   DFND 01, 02 985 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 2,051 145,762 SH   DFND 01, 02 145,762 0 0
CVR ENERGY INC COM 12662P108 22 485 SH   DFND 01, 02 485 0 0
CVR PARTNERS LP COM 126633106 288 20,962 SH   DFND 01, 02 20,962 0 0
CVR REFNG LP COMUNIT REP LT 12663P107 33 1,397 SH   DFND 01, 02 1,397 0 0
CAMPUS CREST CMNTYS INC COM 13466Y105 337 52,669 SH   DFND 01, 02 52,669 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 350 59,301 SH   DFND 01, 02 59,301 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 1,295 44,423 SH   DFND 01, 02 44,423 0 0
CHEVRON CORP NEW COM 166764100 410 3,439 SH   DFND 01, 02 3,439 0 0
CHIQUITA BRANDS INTL INC COM 170032809 397 27,931 SH   DFND 01, 02 27,931 0 0
CLEARWATER PAPER CORP COM 18538R103 541 9,002 SH   DFND 01, 02 9,002 0 0
CLOUD PEAK ENERGY INC COM 18911Q102 39 3,060 SH   DFND 01, 02 3,060 0 0
COLONY FINL INC COM 19624R106 2,005 89,592 SH   DFND 01, 02 89,592 0 0
CONAGRA FOODS INC COM 205887102 807 24,411 SH   DFND 01, 02 24,411 0 0
CONOCOPHILLIPS COM 20825C104 169 2,212 SH   DFND 01, 02 2,212 0 0
CONSOL ENERGY INC COM 20854P109 437 11,541 SH   DFND 01, 02 11,541 0 0
COUSINS PPTYS INC COM 222795106 2,045 171,140 SH   DFND 01, 02 171,140 0 0
CREDIT SUISSE NASSAU BRH INVRS VIX MDTERM 22542D829 228 5,181 SH   DFND 01, 02 5,181 0 0
CUBESMART COM 229663109 2,100 116,823 SH   DFND 01, 02 116,823 0 0
CURRENCYSHS JAPANESE YEN TR JAPANESE YEN 23130A102 82 927 SH   DFND 01, 02 927 0 0
CURRENCYSHARES EURO TR EURO SHS 23130C108 2,161 17,363 SH   DFND 01, 02 17,363 0 0
CYRUSONE INC COM 23283R100 698 29,027 SH   DFND 01, 02 29,027 0 0
DCT INDUSTRIAL TRUST INC COM 233153105 2,046 272,442 SH   DFND 01, 02 272,442 0 0
DEVON ENERGY CORP NEW COM 25179M103 50 735 SH   DFND 01, 02 735 0 0
DIRECTV COM 25490A309 3,249 37,549 SH   DFND 01, 02 37,549 0 0
DOMTAR CORP COM NEW 257559203 967 27,520 SH   DFND 01, 02 27,520 0 0
DYNEX CAP INC COM NEW 26817Q506 336 41,623 SH   DFND 01, 02 41,623 0 0
EOG RES INC COM 26875P101 98 985 SH   DFND 01, 02 985 0 0
EDUCATION RLTY TR INC COM 28140H104 1,176 114,395 SH   DFND 01, 02 114,395 0 0
EL PASO PIPELINE PARTNERS L COM UNIT LPI 283702108 1,474 36,708 SH   DFND 01, 02 36,708 0 0
EMERALD OIL INC COM NEW 29101U209 10 1,555 SH   DFND 01, 02 1,555 0 0
EMPIRE ST RLTY TR INC CL A 292104106 1,114 74,183 SH   DFND 01, 02 74,183 0 0
EXCEL TR INC COM 30068C109 548 46,522 SH   DFND 01, 02 46,522 0 0
EXXON MOBIL CORP COM 30231G102 732 7,786 SH   DFND 01, 02 7,786 0 0
FAMILY DLR STORES INC COM 307000109 4,326 56,007 SH   DFND 01, 02 56,007 0 0
FELCOR LODGING TR INC COM 31430F101 855 91,322 SH   DFND 01, 02 91,322 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 1,496 88,463 SH   DFND 01, 02 88,463 0 0
FIRST POTOMAC RLTY TR COM 33610F109 558 47,491 SH   DFND 01, 02 47,491 0 0
FLOWSERVE CORP COM 34354P105 216 3,061 SH   DFND 01, 02 3,061 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 841 74,916 SH   DFND 01, 02 74,916 0 0
FREEPORT-MCMORAN INC CL B 35671D857 1,122 34,354 SH   DFND 01, 02 34,354 0 0
GENERAL MLS INC COM 370334104 1,800 35,682 SH   DFND 01, 02 35,682 0 0
GENTIVA HEALTH SERVICES INC COM 37247A102 175 10,457 SH   DFND 01, 02 10,457 0 0
GLIMCHER RLTY TR SH BEN INT 379302102 1,587 117,226 SH   DFND 01, 02 117,226 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 1,255 57,276 SH   DFND 01, 02 57,276 0 0
GRAMERCY PPTY TR INC COM 38489R100 508 88,218 SH   DFND 01, 02 88,218 0 0
GULFPORT ENERGY CORP COM NEW 402635304 143 2,679 SH   DFND 01, 02 2,679 0 0
HALLIBURTON CO COM 406216101 99 1,531 SH   DFND 01, 02 1,531 0 0
HARVEST NATURAL RESOURCES IN COM 41754V103 5 1,275 SH   DFND 01, 02 1,275 0 0
HERSHA HOSPITALITY TR SH BEN INT A 427825104 1,011 158,748 SH   DFND 01, 02 158,748 0 0
HERSHEY CO COM 427866108 1,238 12,971 SH   DFND 01, 02 12,971 0 0
HESS CORP COM 42809H107 55 587 SH   DFND 01, 02 587 0 0
HORMEL FOODS CORP COM 440452100 5,226 101,688 SH   DFND 01, 02 101,688 0 0
HUDSON PAC PPTYS INC COM 444097109 1,163 47,164 SH   DFND 01, 02 47,164 0 0
ISTAR FINL INC COM 45031U101 912 67,543 SH   DFND 01, 02 67,543 0 0
IDEX CORP COM 45167R104 130 1,798 SH   DFND 01, 02 1,798 0 0
INGREDION INC COM 457187102 328 4,324 SH   DFND 01, 02 4,324 0 0
INLAND REAL ESTATE CORP COM NEW 457461200 709 71,543 SH   DFND 01, 02 71,543 0 0
INTEGRYS ENERGY GROUP INC COM 45822P105 740 11,412 SH   DFND 01, 02 11,412 0 0
INTERNATIONAL GAME TECHNOLOG COM 459902102 454 26,936 SH   DFND 01, 02 26,936 0 0
INTERNATIONAL RECTIFIER CORP COM 460254105 1,470 37,459 SH   DFND 01, 02 37,459 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1,597 101,583 SH   DFND 01, 02 101,583 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 717 93,166 SH   DFND 01, 02 93,166 0 0
ISHARES EMU ETF 464286608 28,207 732,648 SH   DFND 01, 02 732,648 0 0
ISHARES TR CORE S&P500 ETF 464287200 6 32 SH   DFND 01, 02 32 0 0
ISHARES TR CORE US AGGBD ET 464287226 105,101 963,345 SH   DFND 01, 02 963,345 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 18,882 454,336 SH   DFND 01, 02 454,336 0 0
ISHARES TR IBOXX INV CP ETF 464287242 3,437 29,074 SH   DFND 01, 02 29,074 0 0
ISHARES TR S&P 500 GRWT ETF 464287309 21,610 202,303 SH   DFND 01, 02 202,303 0 0
ISHARES TR S&P 500 VAL ETF 464287408 6,085 67,560 SH   DFND 01, 02 67,560 0 0
ISHARES TR 20+ YR TR BD ETF 464287432 646 5,556 SH   DFND 01, 02 5,556 0 0
ISHARES TR 7-10 Y TR BD ETF 464287440 1,266 12,213 SH   DFND 01, 02 12,213 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 62,923 744,565 SH   DFND 01, 02 744,565 0 0
ISHARES TR MSCI EAFE ETF 464287465 5,372 83,778 SH   DFND 01, 02 83,778 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 17,849 178,325 SH   DFND 01, 02 178,325 0 0
ISHARES TR RUS 1000 GRW ETF 464287614 50,746 553,813 SH   DFND 01, 02 553,813 0 0
ISHARES TR RUS 2000 GRW ETF 464287648 63,203 487,336 SH   DFND 01, 02 487,336 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 3,559 32,551 SH   DFND 01, 02 32,551 0 0
ISHARES TR U.S. REAL ES ETF 464287739 2,517 36,369 SH   DFND 01, 02 36,369 0 0
ISHARES TR EUROPE ETF 464287861 11,307 250,828 SH   DFND 01, 02 250,828 0 0
ISHARES TR SP SMCP600GR ETF 464287887 29,817 264,903 SH   DFND 01, 02 264,903 0 0
ISHARES JP MOR EM MK ETF 464288281 14,684 130,124 SH   DFND 01, 02 130,124 0 0
ISHARES CORE US CR BD 464288620 220 1,992 SH   DFND 01, 02 1,992 0 0
ISHARES 3-7 YR TR BD ETF 464288661 629 5,187 SH   DFND 01, 02 5,187 0 0
ISHARES SHRT TRS BD ETF 464288679 42,833 388,509 SH   DFND 01, 02 388,509 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 96 5,865 SH   DFND 01, 02 5,865 0 0
JOY GLOBAL INC COM 481165108 272 4,995 SH   DFND 01, 02 4,995 0 0
KAPSTONE PAPER & PACKAGING C COM 48562P103 1,153 41,209 SH   DFND 01, 02 41,209 0 0
KELLOGG CO COM 487836108 1,285 20,857 SH   DFND 01, 02 20,857 0 0
KENNEDY-WILSON HLDGS INC COM 489398107 1,380 57,606 SH   DFND 01, 02 57,606 0 0
KEY ENERGY SVCS INC COM 492914106 20 4,154 SH   DFND 01, 02 4,154 0 0
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 3,698 39,646 SH   DFND 01, 02 39,646 0 0
KINDER MORGAN MANAGEMENT LLC SHS 49455U100 750 7,965 SH   DFND 01, 02 7,965 0 0
KINDER MORGAN INC DEL COM 49456B101 71 1,858 SH   DFND 01, 02 1,858 0 0
KITE RLTY GROUP TR COM NEW 49803T300 1,651 68,099 SH   DFND 01, 02 68,099 0 0
KODIAK OIL & GAS CORP COM 50015Q100 113 8,301 SH   DFND 01, 02 8,301 0 0
LEXINGTON REALTY TRUST COM 529043101 1,510 154,264 SH   DFND 01, 02 154,264 0 0
LIN MEDIA LLC CL A COM 532771102 653 29,410 SH   DFND 01, 02 29,410 0 0
LINDSAY CORP COM 535555106 567 7,583 SH   DFND 01, 02 7,583 0 0
LORILLARD INC COM 544147101 1,064 17,752 SH   DFND 01, 02 17,752 0 0
LOUISIANA PAC CORP COM 546347105 826 60,816 SH   DFND 01, 02 60,816 0 0
MARATHON OIL CORP COM 565849106 47 1,247 SH   DFND 01, 02 1,247 0 0
MARKET VECTORS ETF TR EM LC CURR DBT 57060U522 1,249 54,794 SH   DFND 01, 02 54,794 0 0
MEADWESTVACO CORP COM 583334107 3,077 75,154 SH   DFND 01, 02 75,154 0 0
MEASUREMENT SPECIALTIES INC COM 583421102 373 4,356 SH   DFND 01, 02 4,356 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 1,709 139,413 SH   DFND 01, 02 139,413 0 0
MONDELEZ INTL INC CL A 609207105 3,383 98,717 SH   DFND 01, 02 98,717 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 433 42,796 SH   DFND 01, 02 42,796 0 0
NATIONAL OILWELL VARCO INC COM 637071101 53 695 SH   DFND 01, 02 695 0 0
NEW RESIDENTIAL INVT CORP COM 64828T102 1,325 227,192 SH   DFND 01, 02 227,192 0 0
NEW YORK MTG TR INC COM PAR $.02 649604501 536 74,107 SH   DFND 01, 02 74,107 0 0
NEWCASTLE INVT CORP NEW COM NEW 65105M504 1,519 119,814 SH   DFND 01, 02 119,814 0 0
NEWMONT MINING CORP COM 651639106 566 24,563 SH   DFND 01, 02 24,563 0 0
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 42 1,797 SH   DFND 01, 02 1,797 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 137 1,422 SH   DFND 01, 02 1,422 0 0
OMNIVISION TECHNOLOGIES INC COM 682128103 420 15,885 SH   DFND 01, 02 15,885 0 0
PBF ENERGY INC CL A 69318G106 67 2,784 SH   DFND 01, 02 2,784 0 0
PBF LOGISTICS LP UNIT LTD PTNR 69318Q104 11 415 SH   DFND 01, 02 415 0 0
PARKWAY PPTYS INC COM 70159Q104 1,257 66,939 SH   DFND 01, 02 66,939 0 0
PEABODY ENERGY CORP COM 704549104 169 13,625 SH   DFND 01, 02 13,625 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 2,065 55,303 SH   DFND 01, 02 55,303 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 1,084 54,346 SH   DFND 01, 02 54,346 0 0
PENNYMAC MTG INVT TR COM 70931T103 1,221 56,958 SH   DFND 01, 02 56,958 0 0
PEPCO HOLDINGS INC COM 713291102 908 33,928 SH   DFND 01, 02 33,928 0 0
PHILLIPS 66 COM 718546104 86 1,059 SH   DFND 01, 02 1,059 0 0
PHYSICIANS RLTY TR COM 71943U104 516 37,636 SH   DFND 01, 02 37,636 0 0
PIONEER ENERGY SVCS CORP COM 723664108 28 1,962 SH   DFND 01, 02 1,962 0 0
PIONEER NAT RES CO COM 723787107 51 258 SH   DFND 01, 02 258 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 342 14,710 SH   DFND 01, 02 14,710 0 0
POWERSHARES DB G10 CURCY HAR COM UT BEN INT 73935Y102 3,193 124,224 SH   DFND 01, 02 124,224 0 0
POWERSHS DB MULTI SECT COMM DB GOLD FUND 73936B606 2,824 70,346 SH   DFND 01, 02 70,346 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 86,148 3,548,125 SH   DFND 01, 02 3,548,125 0 0
POWERSHARES GLOBAL ETF TRUST SOVEREIGN DEBT 73936T573 6,887 241,997 SH   DFND 01, 02 241,997 0 0
PROSHARES TR II PSHS ULSSLVR NEW 74347W114 102 950 SH   DFND 01, 02 950 0 0
PROSHARES TR II ULTRASHORT YEN N 74347W569 125 1,647 SH   DFND 01, 02 1,647 0 0
PROSHARES TR II ULSHT BLOOMB CMD 74347W676 3 46 SH   DFND 01, 02 46 0 0
PROSHARES TR II ULTRASHRT EURO 74347W882 412 20,640 SH   DFND 01, 02 20,640 0 0
PROSHARES TR ULTSHT RUSS2000 74348A319 652 13,241 SH   DFND 01, 02 13,241 0 0
PROTECTIVE LIFE CORP COM 743674103 691 9,959 SH   DFND 01, 02 9,959 0 0
QR ENERGY LP UNIT LTD PRTNS 74734R108 189 9,710 SH   DFND 01, 02 9,710 0 0
RAIT FINANCIAL TRUST COM NEW 749227609 500 67,236 SH   DFND 01, 02 67,236 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 1,016 62,529 SH   DFND 01, 02 62,529 0 0
REDWOOD TR INC COM 758075402 1,112 67,088 SH   DFND 01, 02 67,088 0 0
RESOLUTE FST PRODS INC COM 76117W109 637 40,705 SH   DFND 01, 02 40,705 0 0
RESOURCE CAP CORP COM 76120W302 511 104,972 SH   DFND 01, 02 104,972 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 1,085 73,810 SH   DFND 01, 02 73,810 0 0
RIVERBED TECHNOLOGY INC COM 768573107 866 46,696 SH   DFND 01, 02 46,696 0 0
ROCKWOOD HLDGS INC COM 774415103 890 11,642 SH   DFND 01, 02 11,642 0 0
ROYAL GOLD INC COM 780287108 206 3,170 SH   DFND 01, 02 3,170 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 33,939 172,261 SH   DFND 01, 02 172,261 0 0
SPDR INDEX SHS FDS S&P EMKTSC ETF 78463X756 1,533 31,945 SH   DFND 01, 02 31,945 0 0
SPDR INDEX SHS FDS DJ INTL RL ETF 78463X863 599 14,473 SH   DFND 01, 02 14,473 0 0
SPDR SERIES TRUST BRC CNV SECS ETF 78464A359 48,477 976,382 SH   DFND 01, 02 976,382 0 0
SPDR SERIES TRUST DJ REIT ETF 78464A607 1,406 17,625 SH   DFND 01, 02 17,625 0 0
SPDR SERIES TRUST BRCLYS AGG ETF 78464A649 6,135 106,321 SH   DFND 01, 02 106,321 0 0
SPDR SERIES TRUST BRCLYS 1-3MT ETF 78464A680 16,109 352,038 SH   DFND 01, 02 352,038 0 0
SSGA ACTIVE ETF TR BLKSTN GSOSRLN 78467V608 7,639 155,456 SH   DFND 01, 02 155,456 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 922 37,927 SH   DFND 01, 02 37,927 0 0
SAFEWAY INC COM NEW 786514208 567 16,530 SH   DFND 01, 02 16,530 0 0
SANCHEZ ENERGY CORP COM 79970Y105 44 1,674 SH   DFND 01, 02 1,674 0 0
SANDERSON FARMS INC COM 800013104 1,103 12,538 SH   DFND 01, 02 12,538 0 0
SCHLUMBERGER LTD COM 806857108 238 2,345 SH   DFND 01, 02 2,345 0 0
SEABOARD CORP COM 811543107 1,225 458 SH   DFND 01, 02 458 0 0
SEMGROUP CORP CL A 81663A105 112 1,342 SH   DFND 01, 02 1,342 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 482 29,732 SH   DFND 01, 02 29,732 0 0
SMUCKER J M CO COM NEW 832696405 596 6,022 SH   DFND 01, 02 6,022 0 0
SOUTHERN COPPER CORP COM 84265V105 784 26,449 SH   DFND 01, 02 26,449 0 0
STAG INDL INC COM 85254J102 940 45,399 SH   DFND 01, 02 45,399 0 0
STONE ENERGY CORP COM 861642106 54 1,731 SH   DFND 01, 02 1,731 0 0
SUMMIT HOTEL PPTYS COM 866082100 744 69,060 SH   DFND 01, 02 69,060 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 2,319 167,820 SH   DFND 01, 02 167,820 0 0
SYNERGY RES CORP COM 87164P103 24 1,947 SH   DFND 01, 02 1,947 0 0
T-MOBILE US INC COM 872590104 547 18,953 SH   DFND 01, 02 18,953 0 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 1,172 11,578 SH   DFND 01, 02 11,578 0 0
TW TELECOM INC COM 87311L104 570 13,699 SH   DFND 01, 02 13,699 0 0
TESCO CORP COM 88157K101 22 1,084 SH   DFND 01, 02 1,084 0 0
TESORO LOGISTICS LP COM UNIT LP 88160T107 85 1,195 SH   DFND 01, 02 1,195 0 0
TIME WARNER CABLE INC COM 88732J207 1,674 11,667 SH   DFND 01, 02 11,667 0 0
TRULIA INC COM 897888103 1,137 23,250 SH   DFND 01, 02 23,250 0 0
TYSON FOODS INC CL A 902494103 5,160 131,076 SH   DFND 01, 02 131,076 0 0
URS CORP NEW COM 903236107 632 10,977 SH   DFND 01, 02 10,977 0 0
VAALCO ENERGY INC COM NEW 91851C201 15 1,725 SH   DFND 01, 02 1,725 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 159,404 1,990,806 SH   DFND 01, 02 1,990,806 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 173,544 2,118,200 SH   DFND 01, 02 2,118,200 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 2,289 57,590 SH   DFND 01, 02 57,590 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 21,417 513,480 SH   DFND 01, 02 513,480 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 49,971 904,935 SH   DFND 01, 02 904,935 0 0
VANGUARD INDEX FDS REIT ETF 922908553 12,386 172,381 SH   DFND 01, 02 172,381 0 0
VANGUARD INDEX FDS SML CP GRW ETF 922908595 41,301 343,172 SH   DFND 01, 02 343,172 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736 31,587 316,918 SH   DFND 01, 02 316,918 0 0
VANGUARD INDEX FDS VALUE ETF 922908744 11,421 140,655 SH   DFND 01, 02 140,655 0 0
VIVUS INC COM 928551100 156 40,510 SH   DFND 01, 02 40,510 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 1,386 54,594 SH   DFND 01, 02 54,594 0 0
WESTERN ASSET MTG CAP CORP COM 95790D105 496 33,584 SH   DFND 01, 02 33,584 0 0
WESTERN REFNG INC COM 959319104 102 2,422 SH   DFND 01, 02 2,422 0 0
WILLIAMS COS INC DEL COM 969457100 68 1,231 SH   DFND 01, 02 1,231 0 0
WINTHROP RLTY TR SH BEN INT NEW 976391300 409 27,138 SH   DFND 01, 02 27,138 0 0
WISDOMTREE TR EMERG CUR STR FD 97717W133 338 17,159 SH   DFND 01, 02 17,159 0 0
WISDOMTREE TR EM LCL DEBT FD 97717X867 1,171 26,219 SH   DFND 01, 02 26,219 0 0
XYLEM INC COM 98419M100 146 4,106 SH   DFND 01, 02 4,106 0 0