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
ISHARES YIELD CORPORATE BOND 464288513 211 2,274 SH   DFND   0 2,274 0
ISHARES ETF 464286400 232 5,192 SH   DFND   0 5,192 0
ISHARES EMERGING MARKETS ETF 464287234 2,249 53,805 SH   DFND   0 53,805 0
ISHARES ETF 464287465 635 9,460 SH   DFND   0 9,460 0
ISHARES MIDCAP GROWTH 464287481 2,334 27,661 SH   DFND   0 27,661 0
ISHARES 1000 GROWTH ETF 464287614 454 5,280 SH   DFND   0 5,280 0
ISHARES HEALTHCARE ETF 464287762 255 2,191 SH   DFND   0 2,191 0
ISHARES FINANCIALS ETF 464287788 426 5,310 SH   DFND   0 5,310 0
ISHARES ASIA/PACIFIC 464286293 344 6,344 SH   DFND   0 6,344 0
ISHARES INTERNATIONAL 464288448 2,111 55,642 SH   DFND   0 55,642 0
ISHARES REAL ESTATE CAPPED 464288539 596 51,777 SH   DFND   0 51,777 0
ISHARES ETF 464288620 278 2,600 SH   DFND   0 2,600 0
ISHARES EQUIPMENT & SERVICES 464288844 2,941 45,378 SH   DFND   0 45,378 0
ISHARES USD EMERGING MARKETS 464288281 807 7,461 SH   DFND   0 7,461 0
MANNKIND CORP COM 56400P201 53 10,253 SH   DFND   0 10,253 0
POWERSHARES ETF TRUST TRADED FD TR DYNAMIC 73935X286 4,002 92,893 SH   DFND   0 92,893 0
POWERSHARES ETF TRUST TRADED FDS TST FTSE 73935X567 1,478 15,122 SH   DFND   0 15,122 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 3,374 38,362 SH   DFND   0 38,362 0
SELECT SECTOR SPDR TR BEN INT INDUSTRIAL 81369Y704 315 6,024 SH   DFND   0 6,024 0
SPDR SERIES TRUST HIGH YIELD BD 78464A417 1,069 26,363 SH   DFND   0 26,363 0