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 92 5,425 SH   DFND 1,2 5,425 0 0
BUNGE LIMITED COM G16962105 492 6,182 SH   DFND 1,2 6,182 0 0
XYRATEX LTD COM G98268108 118 8,929 SH   DFND 1,2 8,929 0 0
FOSTER WHEELER AG COM H27178104 1,148 35,404 SH   DFND 1,2 35,404 0 0
PENTAIR LTD SHS H6169Q108 1,534 19,335 SH   DFND 1,2 19,335 0 0
ADECOAGRO S A COM L00849106 356 43,606 SH   DFND 1,2 43,606 0 0
OCEAN RIG UDW INC SHS Y64354205 29 1,609 SH   DFND 1,2 1,609 0 0
AG MTG INVT TR INC COM 001228105 380 21,695 SH   DFND 1,2 21,695 0 0
AARONS INC COM PAR $0.50 002535300 269 8,908 SH   DFND 1,2 8,908 0 0
ACADIA RLTY TR COM SH BEN INT 004239109 1,127 42,709 SH   DFND 1,2 42,709 0 0
ALCOA INC COM 013817101 57 4,445 SH   DFND 1,2 4,445 0 0
ALON USA ENERGY INC COM 020520102 12 815 SH   DFND 1,2 815 0 0
ALON USA PARTNERS LP UT LTDPART INT 02052T109 7 392 SH   DFND 1,2 392 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102 57 13,458 SH   DFND 1,2 13,458 0 0
AMCOL INTL CORP COM 02341W103 91 1,980 SH   DFND 1,2 1,980 0 0
AMERICAN RESIDENTIAL PPTYS I COM 02927E303 445 24,735 SH   DFND 1,2 24,735 0 0
AMERICAN VANGUARD CORP COM 030371108 327 15,115 SH   DFND 1,2 15,115 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 767 16,901 SH   DFND 1,2 16,901 0 0
ANADARKO PETE CORP COM 032511107 247 2,919 SH   DFND 1,2 2,919 0 0
ANNIES INC COM 03600T104 411 10,229 SH   DFND 1,2 10,229 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 518 104,459 SH   DFND 1,2 104,459 0 0
APACHE CORP COM 037411105 193 2,331 SH   DFND 1,2 2,331 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 474 28,491 SH   DFND 1,2 28,491 0 0
APOLLO RESIDENTIAL MTG INC COM 03763V102 382 23,516 SH   DFND 1,2 23,516 0 0
AQUA AMERICA INC COM 03836W103 417 16,637 SH   DFND 1,2 16,637 0 0
ARBOR RLTY TR INC COM 038923108 201 29,061 SH   DFND 1,2 29,061 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 1,207 27,808 SH   DFND 1,2 27,808 0 0
ARES COML REAL ESTATE CORP COM 04013V108 270 20,125 SH   DFND 1,2 20,125 0 0
ARMOUR RESIDENTIAL REIT INC COM 042315101 1,128 273,749 SH   DFND 1,2 273,749 0 0
ARTHROCARE CORP COM 043136100 154 3,190 SH   DFND 1,2 3,190 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 657 58,305 SH   DFND 1,2 58,305 0 0
ASSOCIATED ESTATES RLTY CORP COM 045604105 698 41,224 SH   DFND 1,2 41,224 0 0
AVIV REIT INC MD COM 05381L101 295 12,078 SH   DFND 1,2 12,078 0 0
BPZ RESOURCES INC COM 055639108 11 3,475 SH   DFND 1,2 3,475 0 0
BAKER HUGHES INC COM 057224107 163 2,500 SH   DFND 1,2 2,500 0 0
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 343 8,701 SH   DFND 1,2 8,701 0 0
BARNES & NOBLE INC COM 067774109 476 22,764 SH   DFND 1,2 22,764 0 0
BEAM INC COM 073730103 2,430 29,166 SH   DFND 1,2 29,166 0 0
BONANZA CREEK ENERGY INC COM 097793103 46 1,038 SH   DFND 1,2 1,038 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 1,725 119,274 SH   DFND 1,2 119,274 0 0
CVR ENERGY INC COM 12662P108 22 527 SH   DFND 1,2 527 0 0
CVR PARTNERS LP COM 126633106 433 20,431 SH   DFND 1,2 20,431 0 0
CVR REFNG LP COMUNIT REP LT 12663P107 29 1,261 SH   DFND 1,2 1,261 0 0
CAMPUS CREST CMNTYS INC COM 13466Y105 428 49,297 SH   DFND 1,2 49,297 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 338 55,253 SH   DFND 1,2 55,253 0 0
CHATHAM LODGING TR COM 16208T102 94 4,634 SH   DFND 1,2 4,634 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 928 36,054 SH   DFND 1,2 36,054 0 0
CHEVRON CORP NEW COM 166764100 1,347 11,324 SH   DFND 1,2 11,324 0 0
CHIQUITA BRANDS INTL INC COM 170032809 329 26,419 SH   DFND 1,2 26,419 0 0
CLEARWATER PAPER CORP COM 18538R103 354 5,646 SH   DFND 1,2 5,646 0 0
CLIFFS NAT RES INC COM 18683K101 12 609 SH   DFND 1,2 609 0 0
CLOUD PEAK ENERGY INC COM 18911Q102 75 3,567 SH   DFND 1,2 3,567 0 0
COEUR MNG INC COM NEW 192108504 113 12,151 SH   DFND 1,2 12,151 0 0
COLONY FINL INC COM 19624R106 1,528 69,631 SH   DFND 1,2 69,631 0 0
CONAGRA FOODS INC COM 205887102 530 17,089 SH   DFND 1,2 17,089 0 0
CONOCOPHILLIPS COM 20825C104 502 7,130 SH   DFND 1,2 7,130 0 0
CONSOL ENERGY INC COM 20854P109 551 13,802 SH   DFND 1,2 13,802 0 0
COUSINS PPTYS INC COM 222795106 1,675 146,019 SH   DFND 1,2 146,019 0 0
CREDIT SUISSE NASSAU BRH INVRS VIX MDTERM 22542D829 257 6,535 SH   DFND 1,2 6,535 0 0
CUBESMART COM 229663109 1,763 102,753 SH   DFND 1,2 102,753 0 0
CURRENCYSHS JAPANESE YEN TR JAPANESE YEN 23130A102 2,267 23,979 SH   DFND 1,2 23,979 0 0
CURRENCYSHARES EURO TR EURO SHS 23130C108 2,511 18,459 SH   DFND 1,2 18,459 0 0
CYRUSONE INC COM 23283R100 299 14,340 SH   DFND 1,2 14,340 0 0
DCT INDUSTRIAL TRUST INC COM 233153105 1,971 250,098 SH   DFND 1,2 250,098 0 0
DOMTAR CORP COM NEW 257559203 937 8,353 SH   DFND 1,2 8,353 0 0
DYNEX CAP INC COM NEW 26817Q506 349 38,998 SH   DFND 1,2 38,998 0 0
EOG RES INC COM 26875P101 300 1,527 SH   DFND 1,2 1,527 0 0
EDUCATION RLTY TR INC COM 28140H104 870 88,125 SH   DFND 1,2 88,125 0 0
EMERITUS CORP COM 291005106 363 11,547 SH   DFND 1,2 11,547 0 0
EMERALD OIL INC COM NEW 29101U209 13 1,881 SH   DFND 1,2 1,881 0 0
EMPIRE ST RLTY TR INC CL A 292104106 839 55,511 SH   DFND 1,2 55,511 0 0
EXXON MOBIL CORP COM 30231G102 2,543 26,033 SH   DFND 1,2 26,033 0 0
FELCOR LODGING TR INC COM 31430F101 771 85,233 SH   DFND 1,2 85,233 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 1,595 82,576 SH   DFND 1,2 82,576 0 0
FIRST POTOMAC RLTY TR COM 33610F109 572 44,253 SH   DFND 1,2 44,253 0 0
FLOWERS FOODS INC COM 343498101 185 8,605 SH   DFND 1,2 8,605 0 0
FLOWSERVE CORP COM 34354P105 1,035 13,206 SH   DFND 1,2 13,206 0 0
FOREST LABS INC COM 345838106 1,857 20,125 SH   DFND 1,2 20,125 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 884 70,146 SH   DFND 1,2 70,146 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 130 3,944 SH   DFND 1,2 3,944 0 0
GENERAL MLS INC COM 370334104 1,423 27,462 SH   DFND 1,2 27,462 0 0
GLIMCHER RLTY TR SH BEN INT 379302102 1,102 109,874 SH   DFND 1,2 109,874 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 1,064 42,226 SH   DFND 1,2 42,226 0 0
GRAMERCY PPTY TR INC COM 38489R100 234 45,280 SH   DFND 1,2 45,280 0 0
GULFPORT ENERGY CORP COM NEW 402635304 207 2,904 SH   DFND 1,2 2,904 0 0
HALLIBURTON CO COM 406216101 316 5,371 SH   DFND 1,2 5,371 0 0
HARVEST NATURAL RESOURCES IN COM 41754V103 5 1,386 SH   DFND 1,2 1,386 0 0
HERSHA HOSPITALITY TR SH BEN INT A 427825104 873 149,708 SH   DFND 1,2 149,708 0 0
HERSHEY CO COM 427866108 984 9,428 SH   DFND 1,2 9,428 0 0
HESS CORP COM 42809H107 164 1,984 SH   DFND 1,2 1,984 0 0
HI-TECH PHARMACAL INC COM 42840B101 179 4,125 SH   DFND 1,2 4,125 0 0
HILLSHIRE BRANDS CO COM 432589109 193 5,188 SH   DFND 1,2 5,188 0 0
HORMEL FOODS CORP COM 440452100 1,174 23,820 SH   DFND 1,2 23,820 0 0
HUDSON PAC PPTYS INC COM 444097109 947 41,063 SH   DFND 1,2 41,063 0 0
ISTAR FINL INC COM 45031U101 894 60,601 SH   DFND 1,2 60,601 0 0
IDEX CORP COM 45167R104 557 7,641 SH   DFND 1,2 7,641 0 0
INGREDION INC COM 457187102 224 3,292 SH   DFND 1,2 3,292 0 0
INLAND REAL ESTATE CORP COM NEW 457461200 706 66,952 SH   DFND 1,2 66,952 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1,574 95,555 SH   DFND 1,2 95,555 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 730 81,260 SH   DFND 1,2 81,260 0 0
ISHARES EMU ETF 464286608 1,364 32,258 SH   DFND 1,2 32,258 0 0
ISHARES TIPS BD ETF 464287176 41,232 367,812 SH   DFND 1,2 367,812 0 0
ISHARES CORE S&P500 ETF 464287200 6 33 SH   DFND 1,2 33 0 0
ISHARES CORE TOTUSBD ETF 464287226 128,469 1,190,083 SH   DFND 1,2 1,190,083 0 0
ISHARES MSCI EMG MKT ETF 464287234 3,849 93,894 SH   DFND 1,2 93,894 0 0
ISHARES IBOXX INV CP ETF 464287242 35,578 304,166 SH   DFND 1,2 304,166 0 0
ISHARES S&P 500 GRWT ETF 464287309 1,545 15,470 SH   DFND 1,2 15,470 0 0
ISHARES S&P 500 VAL ETF 464287408 198 2,282 SH   DFND 1,2 2,282 0 0
ISHARES 20+ YR TR BD ETF 464287432 660 6,051 SH   DFND 1,2 6,051 0 0
ISHARES 7-10 Y TR BD ETF 464287440 1,299 12,771 SH   DFND 1,2 12,771 0 0
ISHARES 1-3 YR TR BD ETF 464287457 38,730 458,611 SH   DFND 1,2 458,611 0 0
ISHARES MSCI EAFE ETF 464287465 58,071 864,533 SH   DFND 1,2 864,533 0 0
ISHARES RUS 1000 VAL ETF 464287598 648 6,712 SH   DFND 1,2 6,712 0 0
ISHARES RUS 1000 GRW ETF 464287614 120,980 1,397,971 SH   DFND 1,2 1,397,971 0 0
ISHARES RUS 2000 GRW ETF 464287648 1,575 11,577 SH   DFND 1,2 11,577 0 0
ISHARES RUSSELL 2000 ETF 464287655 48,294 415,108 SH   DFND 1,2 415,108 0 0
ISHARES U.S. REAL ES ETF 464287739 216 3,199 SH   DFND 1,2 3,199 0 0
ISHARES EUROPE ETF 464287861 431 8,936 SH   DFND 1,2 8,936 0 0
ISHARES SP SMCP600GR ETF 464287887 708 5,951 SH   DFND 1,2 5,951 0 0
ISHARES JP MOR EM MK ETF 464288281 6,138 55,091 SH   DFND 1,2 55,091 0 0
ISHARES CREDIT BD ETF 464288620 1,663 15,185 SH   DFND 1,2 15,185 0 0
ISHARES 3-7 YR TR BD ETF 464288661 648 5,371 SH   DFND 1,2 5,371 0 0
ISHARES SHRT TRS BD ETF 464288679 21,184 192,106 SH   DFND 1,2 192,106 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 63 3,283 SH   DFND 1,2 3,283 0 0
JONES GROUP INC COM 48020T101 953 63,669 SH   DFND 1,2 63,669 0 0
JOY GLOBAL INC COM 481165108 362 6,243 SH   DFND 1,2 6,243 0 0
KKR FINL HLDGS LLC COM 48248A306 396 34,222 SH   DFND 1,2 34,222 0 0
KAPSTONE PAPER & PACKAGING C COM 48562P103 659 22,838 SH   DFND 1,2 22,838 0 0
KELLOGG CO COM 487836108 961 15,319 SH   DFND 1,2 15,319 0 0
KENNEDY-WILSON HLDGS INC COM 489398107 1,214 53,948 SH   DFND 1,2 53,948 0 0
KEY ENERGY SVCS INC COM 492914106 42 4,501 SH   DFND 1,2 4,501 0 0
KINDER MORGAN INC DEL COM 49456B101 197 6,067 SH   DFND 1,2 6,067 0 0
KITE RLTY GROUP TR COM 49803T102 601 100,249 SH   DFND 1,2 100,249 0 0
KODIAK OIL & GAS CORP COM 50015Q100 109 8,998 SH   DFND 1,2 8,998 0 0
LSI CORPORATION COM 502161102 2,073 187,218 SH   DFND 1,2 187,218 0 0
LEXINGTON REALTY TRUST COM 529043101 1,589 145,644 SH   DFND 1,2 145,644 0 0
LINDSAY CORP COM 535555106 661 7,494 SH   DFND 1,2 7,494 0 0
LOUISIANA PAC CORP COM 546347105 569 33,710 SH   DFND 1,2 33,710 0 0
MARKET VECTORS ETF TR EM LC CURR DBT 57060U522 1,838 78,011 SH   DFND 1,2 78,011 0 0
MEADWESTVACO CORP COM 583334107 1,620 43,039 SH   DFND 1,2 43,039 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 1,628 127,304 SH   DFND 1,2 127,304 0 0
MONDELEZ INTL INC CL A 609207105 2,622 75,879 SH   DFND 1,2 75,879 0 0
NATIONAL OILWELL VARCO INC COM 637071101 200 2,564 SH   DFND 1,2 2,564 0 0
NEW RESIDENTIAL INVT CORP COM 64828T102 1,246 192,562 SH   DFND 1,2 192,562 0 0
NEW YORK MTG TR INC COM PAR $.02 649604501 447 57,451 SH   DFND 1,2 57,451 0 0
NEWCASTLE INVT CORP COM 65105M108 1,254 266,907 SH   DFND 1,2 266,907 0 0
NEWMONT MINING CORP COM 651639106 1,593 67,958 SH   DFND 1,2 67,958 0 0
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 50 1,959 SH   DFND 1,2 1,959 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 445 4,670 SH   DFND 1,2 4,670 0 0
PBF ENERGY INC CL A 69318G106 49 1,883 SH   DFND 1,2 1,883 0 0
PACER INTL INC TENN COM 69373H106 179 19,982 SH   DFND 1,2 19,982 0 0
PARKWAY PPTYS INC COM 70159Q104 984 53,915 SH   DFND 1,2 53,915 0 0
PEABODY ENERGY CORP COM 704549104 264 16,169 SH   DFND 1,2 16,169 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 1,648 48,805 SH   DFND 1,2 48,805 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 914 50,625 SH   DFND 1,2 50,625 0 0
PENNYMAC MTG INVT TR COM 70931T103 1,217 50,928 SH   DFND 1,2 50,928 0 0
PHILLIPS 66 COM 718546104 279 3,616 SH   DFND 1,2 3,616 0 0
PIONEER ENERGY SVCS CORP COM 723664108 27 2,114 SH   DFND 1,2 2,114 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 6,096 233,283 SH   DFND 1,2 233,283 0 0
POWERSHARES DB G10 CURCY HAR COM UT BEN INT 73935Y102 6,863 262,335 SH   DFND 1,2 262,335 0 0
POWERSHS DB MULTI SECT COMM DB GOLD FUND 73936B606 78 1,810 SH   DFND 1,2 1,810 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 82,562 3,327,773 SH   DFND 1,2 3,327,773 0 0
POWERSHARES GLOBAL ETF TRUST SOVEREIGN DEBT 73936T573 3,079 109,958 SH   DFND 1,2 109,958 0 0
PROSHARES TR II PSHS ULSSLVR NEW 74347W114 64 754 SH   DFND 1,2 754 0 0
PROSHARES TR II ULSHT DJ UBS CMD 74347W676 104 1,888 SH   DFND 1,2 1,888 0 0
PROSHARES TR II ULTRASHRT EURO 74347W882 723 42,729 SH   DFND 1,2 42,729 0 0
PROSHARES TR SHT MSCI NEW 74347X575 108 5,346 SH   DFND 1,2 5,346 0 0
PROSHARES TR ULTSHT RUSS2000 74348A319 823 17,934 SH   DFND 1,2 17,934 0 0
PROSHARES TR ULSH MSCIEAF NEW 74348A475 387 9,376 SH   DFND 1,2 9,376 0 0
QR ENERGY LP UNIT LTD PRTNS 74734R108 31 1,747 SH   DFND 1,2 1,747 0 0
RAIT FINANCIAL TRUST COM NEW 749227609 527 62,030 SH   DFND 1,2 62,030 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 824 50,566 SH   DFND 1,2 50,566 0 0
REDWOOD TR INC COM 758075402 1,267 62,467 SH   DFND 1,2 62,467 0 0
RESOLUTE FST PRODS INC COM 76117W109 458 22,800 SH   DFND 1,2 22,800 0 0
RESOURCE CAP CORP COM 76120W302 533 95,768 SH   DFND 1,2 95,768 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 814 54,489 SH   DFND 1,2 54,489 0 0
RIVERBED TECHNOLOGY INC COM 768573107 1,049 53,205 SH   DFND 1,2 53,205 0 0
ROYAL GOLD INC COM 780287108 536 8,562 SH   DFND 1,2 8,562 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 29,224 156,246 SH   DFND 1,2 156,246 0 0
SPDR INDEX SHS FDS S&P EMKTSC ETF 78463X756 1,709 36,019 SH   DFND 1,2 36,019 0 0
SPDR INDEX SHS FDS DJ INTL RL ETF 78463X863 7,819 189,913 SH   DFND 1,2 189,913 0 0
SPDR SERIES TRUST BRC CNV SECS ETF 78464A359 30,047 620,925 SH   DFND 1,2 620,925 0 0
SPDR SERIES TRUST DJ REIT ETF 78464A607 127 1,622 SH   DFND 1,2 1,622 0 0
SPDR SERIES TRUST BRCLYS AGG ETF 78464A649 5,621 98,413 SH   DFND 1,2 98,413 0 0
SPDR SERIES TRUST BRCLYS 1-3MT ETF 78464A680 8,212 179,425 SH   DFND 1,2 179,425 0 0
SSGA ACTIVE ETF TR BLKSTN GSOSRLN 78467V608 303 6,051 SH   DFND 1,2 6,051 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 819 29,383 SH   DFND 1,2 29,383 0 0
SANCHEZ ENERGY CORP COM 79970Y105 47 1,576 SH   DFND 1,2 1,576 0 0
SCHLUMBERGER LTD COM 806857108 762 7,811 SH   DFND 1,2 7,811 0 0
SEABOARD CORP COM 811543107 270 103 SH   DFND 1,2 103 0 0
SEMGROUP CORP CL A 81663A105 96 1,455 SH   DFND 1,2 1,455 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 434 27,959 SH   DFND 1,2 27,959 0 0
SMUCKER J M CO COM NEW 832696405 436 4,484 SH   DFND 1,2 4,484 0 0
SOUTHERN COPPER CORP COM 84265V105 103 3,551 SH   DFND 1,2 3,551 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 139 12,670 SH   DFND 1,2 12,670 0 0
STAG INDL INC COM 85254J102 835 34,631 SH   DFND 1,2 34,631 0 0
STERLING FINL CORP WASH COM NEW 859319303 177 5,315 SH   DFND 1,2 5,315 0 0
STONE ENERGY CORP COM 861642106 70 1,661 SH   DFND 1,2 1,661 0 0
SUMMIT HOTEL PPTYS COM 866082100 597 64,357 SH   DFND 1,2 64,357 0 0
SUNOPTA INC COM 8676EP108 416 35,226 SH   DFND 1,2 35,226 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 1,914 139,410 SH   DFND 1,2 139,410 0 0
SYNERGY RES CORP COM 87164P103 22 2,086 SH   DFND 1,2 2,086 0 0
TESCO CORP COM 88157K101 21 1,133 SH   DFND 1,2 1,133 0 0
TESORO LOGISTICS LP COM UNIT LP 88160T107 73 1,219 SH   DFND 1,2 1,219 0 0
TEXAS INDS INC COM 882491103 1,539 17,175 SH   DFND 1,2 17,175 0 0
TIME WARNER CABLE INC COM 88732J207 1,916 13,967 SH   DFND 1,2 13,967 0 0
TORO CO COM 891092108 2,093 33,129 SH   DFND 1,2 33,129 0 0
TRIQUINT SEMICONDUCTOR INC COM 89674K103 1,296 96,776 SH   DFND 1,2 96,776 0 0
TYSON FOODS INC CL A 902494103 1,391 31,596 SH   DFND 1,2 31,596 0 0
UNS ENERGY CORP COM 903119105 830 13,819 SH   DFND 1,2 13,819 0 0
VAALCO ENERGY INC COM NEW 91851C201 16 1,879 SH   DFND 1,2 1,879 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 47,836 597,208 SH   DFND 1,2 597,208 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 150,380 1,852,204 SH   DFND 1,2 1,852,204 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 21,610 523,614 SH   DFND 1,2 523,614 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 5,111 125,948 SH   DFND 1,2 125,948 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 2,089 35,431 SH   DFND 1,2 35,431 0 0
VANGUARD INDEX FDS REIT ETF 922908553 982 13,909 SH   DFND 1,2 13,909 0 0
VANGUARD INDEX FDS SML CP GRW ETF 922908595 958 7,713 SH   DFND 1,2 7,713 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736 2,221 23,758 SH   DFND 1,2 23,758 0 0
VANGUARD INDEX FDS VALUE ETF 922908744 395 5,058 SH   DFND 1,2 5,058 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 1,161 48,636 SH   DFND 1,2 48,636 0 0
WESTERN ASSET MTG CAP CORP COM 95790D105 311 19,886 SH   DFND 1,2 19,886 0 0
WESTERN REFNG INC COM 959319104 71 1,837 SH   DFND 1,2 1,837 0 0
WILLIAMS COS INC DEL COM 969457100 161 3,965 SH   DFND 1,2 3,965 0 0
WISDOMTREE TR EMERG CUR STR FD 97717W133 7,307 362,102 SH   DFND 1,2 362,102 0 0
WISDOMTREE TR EM LCL DEBT FD 97717X867 2,106 45,902 SH   DFND 1,2 45,902 0 0
XYLEM INC COM 98419M100 641 17,590 SH   DFND 1,2 17,590 0 0
ZALE CORP NEW COM 988858106 269 12,867 SH   DFND 1,2 12,867 0 0