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 35 4,225 SH   DFND 1, 2 4,225 0 0
BUNGE LIMITED COM G16962105 1,042 17,590 SH   DFND 1,2 17,590 0 0
ENSCO PLC SHS CLASS A G3157S106 106 12,472 SH   DFND 1,2 12,472 0 0
FLEETMATICS GROUP PLC COM G35569105 1,154 19,247 SH   DFND 1,2 19,247 0 0
FRESH DEL MONTE PRODUCE INC ORD G36738105 387 6,465 SH   DFND 1,2 6,465 0 0
KOSMOS ENERGY LTD SHS G5315B107 42 6,496 SH   DFND 1,2 6,496 0 0
NABORS INDUSTRIES LTD SHS G6359F103 138 11,362 SH   DFND 1,2 11,362 0 0
NOBLE CORP PLC SHS USD G65431101 64 10,019 SH   DFND 1,2 10,019 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 78 5,139 SH   DFND 1,2 5,139 0 0
SEADRILL LIMITED SHS G7945E105 37 15,908 SH   DFND 1,2 15,908 0 0
PENTAIR PLC SHS G7S00T104 3,224 50,181 SH   DFND 1,2 50,181 0 0
ADECOAGRO S A COM L00849106 298 26,085 SH   DFND 1,2 26,085 0 0
AEP INDS INC COM 001031103 840 7,683 SH   DFND 1,2 7,683 0 0
AGCO CORP COM 001084102 817 16,571 SH   DFND 1,2 16,571 0 0
AG MTG INVT TR INC COM 001228105 436 27,682 SH   DFND 1,2 27,682 0 0
ACADIA RLTY TR COM SH BEN INT 004239109 2,928 80,804 SH   DFND 1,2 80,804 0 0
ALCOA INC COM 013817101 180 17,733 SH   DFND 1,2 17,733 0 0
ALERE INC COM 01449J105 3,458 79,963 SH   DFND 1,2 79,963 0 0
ALON USA ENERGY INC COM 020520102 11 1,324 SH   DFND 1,2 1,324 0 0
ALON USA PARTNERS LP UT LTDPART INT 02052T109 4 476 SH   DFND 1,2 476 0 0
ALTISOURCE RESIDENTIAL CORP CL B 02153W100 546 50,135 SH   DFND 1,2 50,135 0 0
AMERICAN CAP MTG INVT CORP COM 02504A104 782 45,505 SH   DFND 1,2 45,505 0 0
AMERICAN VANGUARD CORP COM 030371108 102 6,327 SH   DFND 1,2 6,327 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 3,747 50,071 SH   DFND 1,2 50,071 0 0
ANADARKO PETE CORP COM 032511107 92 1,445 SH   DFND 1,2 1,445 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 466 94,672 SH   DFND 1,2 94,672 0 0
APACHE CORP COM 037411105 68 1,071 SH   DFND 1,2 1,071 0 0
APOLLO ED GROUP INC CL A 037604105 617 77,637 SH   DFND 1,2 77,637 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 1,319 80,582 SH   DFND 1,2 80,582 0 0
AQUA AMERICA INC COM 03836W103 1,549 50,809 SH   DFND 1,2 50,809 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 3,122 74,025 SH   DFND 1,2 74,025 0 0
ARES COML REAL ESTATE CORP COM 04013V108 325 25,807 SH   DFND 1,2 25,807 0 0
ARMOUR RESIDENTIAL REIT INC COM NEW 042315507 822 36,458 SH   DFND 1,2 36,458 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 483 81,991 SH   DFND 1,2 81,991 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06740Q252 10,322 302,977 SH   DFND 1,2 302,977 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 2,716 173,862 SH   DFND 1,2 173,862 0 0
CBL & ASSOC PPTYS INC COM 124830100 2,039 167,960 SH   DFND 1,2 167,960 0 0
CST BRANDS INC COM 12646R105 3,287 68,351 SH   DFND 1,2 68,351 0 0
CVR ENERGY INC COM 12662P108 9 650 SH   DFND 1,2 650 0 0
CVR PARTNERS LP COM 126633106 87 16,352 SH   DFND 1,2 16,352 0 0
CVR REFNG LP COMUNIT REP LT 12663P107 52 5,900 SH   DFND 1,2 5,900 0 0
CAL MAINE FOODS INC COM NEW 128030202 267 6,927 SH   DFND 1,2 6,927 0 0
CALIFORNIA RES CORP COM NEW 13057Q206 19 1,529 SH   DFND 1,2 1,529 0 0
CAPSTEAD MTG CORP COM NO PAR 14067E506 896 95,048 SH   DFND 1,2 95,048 0 0
CARDINAL FINL CORP COM 14149F109 563 21,561 SH   DFND 1,2 21,561 0 0
CARETRUST REIT INC COM 14174T107 847 57,275 SH   DFND 1,2 57,275 0 0
CAVIUM INC COM 14964U108 0 0 SH   DFND 1,2 0 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 591 82,111 SH   DFND 1,2 82,111 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 1,355 59,171 SH   DFND 1,2 59,171 0 0
CHEVRON CORP NEW COM 166764100 549 5,335 SH   DFND 1,2 5,335 0 0
COBALT INTL ENERGY INC COM 19075F106 18 14,874 SH   DFND 1,2 14,874 0 0
COLONY CAP INC CL A 19624R106 2,009 110,180 SH   DFND 1,2 110,180 0 0
CONAGRA FOODS INC COM 205887102 2,529 53,687 SH   DFND 1,2 53,687 0 0
CONOCOPHILLIPS COM 20825C104 150 3,457 SH   DFND 1,2 3,457 0 0
CONSOL ENERGY INC COM 20854P109 1,290 67,205 SH   DFND 1,2 67,205 0 0
COUSINS PPTYS INC COM 222795106 2,171 207,920 SH   DFND 1,2 207,920 0 0
CURRENCYSHARES EURO TR EURO SHS 23130C108 448 4,097 SH   DFND 1,2 4,097 0 0
CVENT INC COM 23247G109 2,066 65,151 SH   DFND 1,2 65,151 0 0
DELEK US HLDGS INC COM 246647101 39 2,276 SH   DFND 1,2 2,276 0 0
DENBURY RES INC COM NEW 247916208 53 16,383 SH   DFND 1,2 16,383 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 47 2,663 SH   DFND 1,2 2,663 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 1,814 199,383 SH   DFND 1,2 199,383 0 0
DOMTAR CORP COM NEW 257559203 151 4,065 SH   DFND 1,2 4,065 0 0
DYNEX CAP INC COM NEW 26817Q506 344 46,327 SH   DFND 1,2 46,327 0 0
EOG RES INC COM 26875P101 157 1,624 SH   DFND 1,2 1,624 0 0
EP ENERGY CORP CL A 268785102 8 1,830 SH   DFND 1,2 1,830 0 0
EDUCATION RLTY TR INC COM NEW 28140H203 3,158 73,204 SH   DFND 1,2 73,204 0 0
EMPIRE DIST ELEC CO COM 291641108 517 15,143 SH   DFND 1,2 15,143 0 0
EMPIRE ST RLTY TR INC CL A 292104106 3,211 153,252 SH   DFND 1,2 153,252 0 0
ENVISION HEALTHCARE HLDGS IN COM 29413U103 2,886 129,577 SH   DFND 1,2 129,577 0 0
EVERBANK FINL CORP COM 29977G102 466 24,048 SH   DFND 1,2 24,048 0 0
EXXON MOBIL CORP COM 30231G102 1,041 11,922 SH   DFND 1,2 11,922 0 0
FAIRMOUNT SANTROL HLDGS INC COM 30555Q108 37 4,345 SH   DFND 1,2 4,345 0 0
FELCOR LODGING TR INC COM 31430F101 830 129,066 SH   DFND 1,2 129,066 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 3,264 115,670 SH   DFND 1,2 115,670 0 0
FIRST POTOMAC RLTY TR COM 33610F109 521 56,944 SH   DFND 1,2 56,944 0 0
FLOWSERVE CORP COM 34354P105 1,759 36,463 SH   DFND 1,2 36,463 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 1,283 60,128 SH   DFND 1,2 60,128 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 1,301 103,253 SH   DFND 1,2 103,253 0 0
FREEPORT-MCMORAN INC CL B 35671D857 177 16,318 SH   DFND 1,2 16,318 0 0
G & K SVCS INC CL A 361268105 1,181 12,368 SH   DFND 1,2 12,368 0 0
GENERAL MLS INC COM 370334104 4,683 73,314 SH   DFND 1,2 73,314 0 0
GLOBAL NET LEASE INC COM 379378102 1,387 169,972 SH   DFND 1,2 169,972 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 1,587 70,179 SH   DFND 1,2 70,179 0 0
GULFPORT ENERGY CORP COM NEW 402635304 147 5,190 SH   DFND 1,2 5,190 0 0
HAIN CELESTIAL GROUP INC COM 405217100 459 12,899 SH   DFND 1,2 12,899 0 0
HALLIBURTON CO COM 406216101 107 2,388 SH   DFND 1,2 2,388 0 0
HECLA MNG CO COM 422704106 137 24,104 SH   DFND 1,2 24,104 0 0
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 735 40,768 SH   DFND 1,2 40,768 0 0
HORMEL FOODS CORP COM 440452100 5,405 142,494 SH   DFND 1,2 142,494 0 0
ISTAR INC COM 45031U101 731 68,092 SH   DFND 1,2 68,092 0 0
IDEX CORP COM 45167R104 2,023 21,619 SH   DFND 1,2 21,619 0 0
INCONTACT INC COM 45336E109 811 58,007 SH   DFND 1,2 58,007 0 0
INDEPENDENCE CONTRACT DRIL I COM 453415309 6 1,182 SH   DFND 1,2 1,182 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 361 40,128 SH   DFND 1,2 40,128 0 0
INDEXIQ ETF TR HEDGE MLTI ETF 45409B107 16 546 SH   DFND 1,2 546 0 0
INFRAREIT INC COM 45685L100 633 34,893 SH   DFND 1,2 34,893 0 0
INGRAM MICRO INC CL A 457153104 2,378 66,697 SH   DFND 1,2 66,697 0 0
INGREDION INC COM 457187102 1,185 8,905 SH   DFND 1,2 8,905 0 0
INTEGRATED DEVICE TECHNOLOGY COM 458118106 3,331 144,210 SH   DFND 1,2 144,210 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1,706 112,004 SH   DFND 1,2 112,004 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 718 120,718 SH   DFND 1,2 120,718 0 0
ISHARES MSCI BRZ CAP ETF 464286400 2 60 SH   DFND 1,2 60 0 0
ISHARES MSCI EURZONE ETF 464286608 14,957 433,670 SH   DFND 1,2 433,670 0 0
ISHARES MSCI JAPAN ETF 464286848 29,884 2,383,107 SH   DFND 1,2 2,383,107 0 0
ISHARES TR TIPS BD ETF 464287176 18,367 157,672 SH   DFND 1,2 157,672 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 1,838 48,351 SH   DFND 1,2 48,351 0 0
ISHARES TR CORE S&P500 ETF 464287200 25 113 SH   DFND 1,2 113 0 0
ISHARES TR CORE US AGGBD ET 464287226 87,258 776,168 SH   DFND 1,2 776,168 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 629 16,805 SH   DFND 1,2 16,805 0 0
ISHARES TR IBOXX INV CP ETF 464287242 268,909 2,183,065 SH   DFND 1,2 2,183,065 0 0
ISHARES TR S&P 500 GRWT ETF 464287309 4,429 36,410 SH   DFND 1,2 36,410 0 0
ISHARES TR S&P 500 VAL ETF 464287408 14,771 155,554 SH   DFND 1,2 155,554 0 0
ISHARES TR 7-10 Y TR BD ETF 464287440 4,285 38,295 SH   DFND 1,2 38,295 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 20,921 246,015 SH   DFND 1,2 246,015 0 0
ISHARES TR MSCI EAFE ETF 464287465 56,100 948,771 SH   DFND 1,2 948,771 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 42,342 400,892 SH   DFND 1,2 400,892 0 0
ISHARES TR RUS 1000 GRW ETF 464287614 9,719 93,305 SH   DFND 1,2 93,305 0 0
ISHARES TR RUS 2000 VAL ETF 464287630 354 3,380 SH   DFND 1,2 3,380 0 0
ISHARES TR RUS 2000 GRW ETF 464287648 22,292 149,710 SH   DFND 1,2 149,710 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 446 3,589 SH   DFND 1,2 3,589 0 0
ISHARES TR U.S. REAL ES ETF 464287739 155 1,921 SH   DFND 1,2 1,921 0 0
ISHARES TR EUROPE ETF 464287861 4,421 112,285 SH   DFND 1,2 112,285 0 0
ISHARES TR SP SMCP600VL ETF 464287879 212 1,699 SH   DFND 1,2 1,699 0 0
ISHARES TR SP SMCP600GR ETF 464287887 11,637 84,856 SH   DFND 1,2 84,856 0 0
ISHARES TR EAFE SML CP ETF 464288273 2,458 46,902 SH   DFND 1,2 46,902 0 0
ISHARES TR JP MOR EM MK ETF 464288281 333 2,843 SH   DFND 1,2 2,843 0 0
ISHARES TR IBOXX HI YD ETF 464288513 2,792 31,990 SH   DFND 1,2 31,990 0 0
ISHARES TR MBS ETF 464288588 32,418 294,463 SH   DFND 1,2 294,463 0 0
ISHARES TR CORE US CR BD 464288620 6,739 59,206 SH   DFND 1,2 59,206 0 0
ISHARES TR 3-7 YR TR BD ETF 464288661 1,346 10,638 SH   DFND 1,2 10,638 0 0
ISHARES TR SHRT TRS BD ETF 464288679 61,983 561,292 SH   DFND 1,2 561,292 0 0
ISHARES TR U.S. PFD STK ETF 464288687 34,223 866,400 SH   DFND 1,2 866,400 0 0
ISHARES INDIA 50 ETF 464289529 272 9,119 SH   DFND 1,2 9,119 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 1,679 92,230 SH   DFND 1,2 92,230 0 0
ISHARES TR MSCI INDIA ETF 46429B598 1,458 49,578 SH   DFND 1,2 49,578 0 0
ISHARES TR CHINA ETF 46429B671 1,056 21,779 SH   DFND 1,2 21,779 0 0
ISHARES TR MIN VOL USA ETF 46429B697 4 90 SH   DFND 1,2 90 0 0
ISHARES TR CORE MSCI EAFE 46432F842 795 14,423 SH   DFND 1,2 14,423 0 0
ISHARES INC CORE MSCI EMKT 46434G103 325 7,130 SH   DFND 1,2 7,130 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 1,767 56,071 SH   DFND 1,2 56,071 0 0
JOY GLOBAL INC COM 481165108 3,382 121,926 SH   DFND 1,2 121,926 0 0
KAPSTONE PAPER & PACKAGING C COM 48562P103 126 6,660 SH   DFND 1,2 6,660 0 0
KELLOGG CO COM 487836108 3,390 43,758 SH   DFND 1,2 43,758 0 0
KENNEDY-WILSON HLDGS INC COM 489398107 2,071 91,836 SH   DFND 1,2 91,836 0 0
KINDER MORGAN INC DEL COM 49456B101 145 6,263 SH   DFND 1,2 6,263 0 0
KITE RLTY GROUP TR COM NEW 49803T300 2,315 83,523 SH   DFND 1,2 83,523 0 0
LEXINGTON REALTY TRUST COM 529043101 1,931 187,431 SH   DFND 1,2 187,431 0 0
LEXMARK INTL INC CL A 529771107 3,104 77,690 SH   DFND 1,2 77,690 0 0
LINEAR TECHNOLOGY CORP COM 535678106 4,122 69,529 SH   DFND 1,2 69,529 0 0
LINKEDIN CORP COM CL A 53578A108 13,168 68,900 SH   DFND 1,2 68,900 0 0
LOUISIANA PAC CORP COM 546347105 181 9,615 SH   DFND 1,2 9,615 0 0
MACK CALI RLTY CORP COM 554489104 2,219 81,538 SH   DFND 1,2 81,538 0 0
MARATHON PETE CORP COM 56585A102 60 1,490 SH   DFND 1,2 1,490 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 894 62,643 SH   DFND 1,2 62,643 0 0
MONOGRAM RESIDENTIAL TR INC COM 60979P105 1,774 166,748 SH   DFND 1,2 166,748 0 0
MONSANTO CO NEW COM 61166W101 6,884 67,355 SH   DFND 1,2 67,355 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 744 35,550 SH   DFND 1,2 35,550 0 0
NETSUITE INC COM 64118Q107 2,250 20,327 SH   DFND 1,2 20,327 0 0
NEW SR INVT GROUP INC COM 648691103 933 80,806 SH   DFND 1,2 80,806 0 0
NEW YORK MTG TR INC COM PAR $.02 649604501 656 108,963 SH   DFND 1,2 108,963 0 0
NEWCASTLE INVT CORP NEW COM PAR $0.01 65105M603 267 58,849 SH   DFND 1,2 58,849 0 0
NEWMONT MINING CORP COM 651639106 1,313 33,420 SH   DFND 1,2 33,420 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 1,256 95,378 SH   DFND 1,2 95,378 0 0
NOW INC COM 67011P100 93 4,322 SH   DFND 1,2 4,322 0 0
OASIS PETE INC NEW COM 674215108 84 7,282 SH   DFND 1,2 7,282 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 157 2,155 SH   DFND 1,2 2,155 0 0
OCEANEERING INTL INC COM 675232102 111 4,037 SH   DFND 1,2 4,037 0 0
OIL STS INTL INC COM 678026105 66 2,091 SH   DFND 1,2 2,091 0 0
ORCHID IS CAP INC COM 68571X103 223 21,370 SH   DFND 1,2 21,370 0 0
PBF ENERGY INC CL A 69318G106 92 4,045 SH   DFND 1,2 4,045 0 0
PARKWAY PPTYS INC COM 70159Q104 1,437 84,468 SH   DFND 1,2 84,468 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 1,895 71,240 SH   DFND 1,2 71,240 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 1,567 68,045 SH   DFND 1,2 68,045 0 0
PENNYMAC MTG INVT TR COM 70931T103 1,016 65,209 SH   DFND 1,2 65,209 0 0
PHILLIPS 66 COM 718546104 122 1,511 SH   DFND 1,2 1,511 0 0
PHYSICIANS RLTY TR COM 71943U104 2,900 134,632 SH   DFND 1,2 134,632 0 0
PILGRIMS PRIDE CORP NEW COM 72147K108 1,386 65,603 SH   DFND 1,2 65,603 0 0
PIONEER ENERGY SVCS CORP COM 723664108 11 2,628 SH   DFND 1,2 2,628 0 0
PIONEER NAT RES CO COM 723787107 84 455 SH   DFND 1,2 455 0 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 298 36,786 SH   DFND 1,2 36,786 0 0
POST HLDGS INC COM 737446104 627 8,122 SH   DFND 1,2 8,122 0 0
POST PPTYS INC COM 737464107 2,183 33,017 SH   DFND 1,2 33,017 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 0 15 SH   DFND 1,2 15 0 0
POWERSHARES DB G10 CURCY HAR COM UT BEN INT 73935Y102 4,367 175,198 SH   DFND 1,2 175,198 0 0
POWERSHS DB MULTI SECT COMM DB GOLD FUND 73936B606 899 21,088 SH   DFND 1,2 21,088 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 50,813 2,189,263 SH   DFND 1,2 2,189,263 0 0
POWERSHARES ETF TR II SOVEREIGN DEBT 73936T573 127 4,153 SH   DFND 1,2 4,153 0 0
POWERSHARES ETF TR II S&P500 LOW VOL 73937B779 2 40 SH   DFND 1,2 40 0 0
PRIVATEBANCORP INC COM 742962103 2,729 59,429 SH   DFND 1,2 59,429 0 0
PROSHARES TR PSHS SH MSCI EMR 74347R396 3,409 140,709 SH   DFND 1,2 140,709 0 0
PROSHARES TR II ULTRASHRT EURO 74347W882 1,171 47,675 SH   DFND 1,2 47,675 0 0
QTS RLTY TR INC COM CL A 74736A103 2,117 40,062 SH   DFND 1,2 40,062 0 0
RAIT FINANCIAL TRUST COM NEW 749227609 309 91,344 SH   DFND 1,2 91,344 0 0
RPC INC COM 749660106 41 2,444 SH   DFND 1,2 2,444 0 0
RACKSPACE HOSTING INC COM 750086100 8,450 266,646 SH   DFND 1,2 266,646 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 1,468 78,357 SH   DFND 1,2 78,357 0 0
REDWOOD TR INC COM 758075402 1,072 75,685 SH   DFND 1,2 75,685 0 0
RESOURCE CAP CORP COM NEW 76120W708 387 30,232 SH   DFND 1,2 30,232 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 2,361 107,503 SH   DFND 1,2 107,503 0 0
REXFORD INDL RLTY INC COM 76169C100 1,510 65,975 SH   DFND 1,2 65,975 0 0
RITE AID CORP COM 767754104 5,053 657,139 SH   DFND 1,2 657,139 0 0
ROFIN SINAR TECHNOLOGIES INC COM 775043102 435 13,520 SH   DFND 1,2 13,520 0 0
ROYAL GOLD INC COM 780287108 319 4,121 SH   DFND 1,2 4,121 0 0
RYDEX ETF TRUST GUG S&P500 PU VA 78355W304 1,017 19,230 SH   DFND 1,2 19,230 0 0
RYDEX ETF TRUST GUG S&P500 PU GR 78355W403 561 6,667 SH   DFND 1,2 6,667 0 0
SM ENERGY CO COM 78454L100 138 3,571 SH   DFND 1,2 3,571 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 2,673 12,359 SH   DFND 1,2 12,359 0 0
SPDR INDEX SHS FDS S&P CHINA ETF 78463X400 426 5,336 SH   DFND 1,2 5,336 0 0
SPDR INDEX SHS FDS S&P EMKTSC ETF 78463X756 3,269 75,754 SH   DFND 1,2 75,754 0 0
SPDR INDEX SHS FDS S&P INTL SMLCP 78463X871 287 9,143 SH   DFND 1,2 9,143 0 0
SPDR SERIES TRUST BRC CNV SECS ETF 78464A359 170,200 3,671,278 SH   DFND 1,2 3,671,278 0 0
SPDR SERIES TRUST BRC MTG BCKD BD 78464A383 46,942 1,727,518 SH   DFND 1,2 1,727,518 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 2,081 56,659 SH   DFND 1,2 56,659 0 0
SPDR SERIES TRUST CITI INT GVT ETF 78464A490 854 15,408 SH   DFND 1,2 15,408 0 0
SPDR SERIES TRUST DJ REIT ETF 78464A607 118 1,217 SH   DFND 1,2 1,217 0 0
SPDR SERIES TRUST BRCLYS AGG ETF 78464A649 2,846 48,035 SH   DFND 1,2 48,035 0 0
SPDR SERIES TRUST BRCLYS 1-3MT ETF 78464A680 28,338 619,691 SH   DFND 1,2 619,691 0 0
SSGA ACTIVE ETF TR BLKSTN GSOSRLN 78467V608 8,226 173,981 SH   DFND 1,2 173,981 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 1,612 64,032 SH   DFND 1,2 64,032 0 0
ST JUDE MED INC COM 790849103 10,290 129,010 SH   DFND 1,2 129,010 0 0
SANCHEZ ENERGY CORP COM 79970Y105 20 2,317 SH   DFND 1,2 2,317 0 0
SANDERSON FARMS INC COM 800013104 1,031 10,699 SH   DFND 1,2 10,699 0 0
SCHLUMBERGER LTD COM 806857108 278 3,533 SH   DFND 1,2 3,533 0 0
SEABOARD CORP COM 811543107 1,039 302 SH   DFND 1,2 302 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 3,497 48,493 SH   DFND 1,2 48,493 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 1,622 20,264 SH   DFND 1,2 20,264 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 1,174 16,629 SH   DFND 1,2 16,629 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 6,523 337,974 SH   DFND 1,2 337,974 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 1,209 20,709 SH   DFND 1,2 20,709 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 36,057 754,646 SH   DFND 1,2 754,646 0 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 1,448 44,184 SH   DFND 1,2 44,184 0 0
SEMGROUP CORP CL A 81663A105 77 2,179 SH   DFND 1,2 2,179 0 0
SERITAGE GROWTH PPTYS CL A 81752R100 1,157 22,823 SH   DFND 1,2 22,823 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 564 32,192 SH   DFND 1,2 32,192 0 0
SMUCKER J M CO COM NEW 832696405 2,017 14,883 SH   DFND 1,2 14,883 0 0
SOLARCITY CORP COM 83416T100 979 50,027 SH   DFND 1,2 50,027 0 0
SOUTHERN COPPER CORP COM 84265V105 276 10,489 SH   DFND 1,2 10,489 0 0
SPECTRA ENERGY CORP COM 847560109 80 1,871 SH   DFND 1,2 1,871 0 0
STAG INDL INC COM 85254J102 1,755 71,618 SH   DFND 1,2 71,618 0 0
STARZ COM SER A 85571Q102 1,158 37,133 SH   DFND 1,2 37,133 0 0
SUMMIT HOTEL PPTYS COM 866082100 1,139 86,527 SH   DFND 1,2 86,527 0 0
SUPERIOR ENERGY SVCS INC COM 868157108 111 6,201 SH   DFND 1,2 6,201 0 0
SYNERGY RES CORP COM 87164P103 55 7,890 SH   DFND 1,2 7,890 0 0
TALEN ENERGY CORP COM 87422J105 1,027 74,122 SH   DFND 1,2 74,122 0 0
TESCO CORP COM 88157K101 15 1,821 SH   DFND 1,2 1,821 0 0
TESORO LOGISTICS LP COM UNIT LP 88160T107 137 2,835 SH   DFND 1,2 2,835 0 0
TIER REIT INC COM NEW 88650V208 733 47,457 SH   DFND 1,2 47,457 0 0
TITAN INTL INC ILL COM 88830M102 108 10,643 SH   DFND 1,2 10,643 0 0
TURQUOISE HILL RES LTD COM 900435108 1,826 614,722 SH   DFND 1,2 614,722 0 0
TYSON FOODS INC CL A 902494103 7,211 96,565 SH   DFND 1,2 96,565 0 0
VALERO ENERGY CORP NEW COM 91913Y100 73 1,369 SH   DFND 1,2 1,369 0 0
VALSPAR CORP COM 920355104 5,196 48,989 SH   DFND 1,2 48,989 0 0
VANECK VECTORS ETF TR RUSSIA ETF 92189F403 1 35 SH   DFND 1,2 35 0 0
VANECK VECTORS ETF TR JP MORGAN MKTS 92189F494 4,233 221,854 SH   DFND 1,2 221,854 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 264,883 3,277,035 SH   DFND 1,2 3,277,035 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 68,134 809,773 SH   DFND 1,2 809,773 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 33,817 903,971 SH   DFND 1,2 903,971 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 845 22,466 SH   DFND 1,2 22,466 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 21,046 431,877 SH   DFND 1,2 431,877 0 0
VANGUARD WORLD FDS CONSUM DIS ETF 92204A108 314 2,497 SH   DFND 1,2 2,497 0 0
VANGUARD WORLD FDS ENERGY ETF 92204A306 311 3,188 SH   DFND 1,2 3,188 0 0
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 733 5,516 SH   DFND 1,2 5,516 0 0
VANGUARD WORLD FDS INDUSTRIAL ETF 92204A603 366 3,299 SH   DFND 1,2 3,299 0 0
VANGUARD WORLD FDS INF TECH ETF 92204A702 787 6,538 SH   DFND 1,2 6,538 0 0
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 94,065 1,743,242 SH   DFND 1,2 1,743,242 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 74,162 827,888 SH   DFND 1,2 827,888 0 0
VANGUARD INDEX FDS REIT ETF 922908553 1,086 12,518 SH   DFND 1,2 12,518 0 0
VANGUARD INDEX FDS SML CP GRW ETF 922908595 16,496 125,185 SH   DFND 1,2 125,185 0 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611 426 3,853 SH   DFND 1,2 3,853 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736 6,927 61,689 SH   DFND 1,2 61,689 0 0
VANGUARD INDEX FDS VALUE ETF 922908744 32,092 368,864 SH   DFND 1,2 368,864 0 0
VIRGIN AMER INC COM VTG 92765X208 2,548 47,615 SH   DFND 1,2 47,615 0 0
WASHINGTON PRIME GROUP NEW COM 93964W108 2,293 185,207 SH   DFND 1,2 185,207 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 2,290 73,593 SH   DFND 1,2 73,593 0 0
WESTAR ENERGY INC COM 95709T100 1,804 31,788 SH   DFND 1,2 31,788 0 0
WESTERN ASSET MTG CAP CORP COM 95790D105 424 40,689 SH   DFND 1,2 40,689 0 0
WESTERN REFNG INC COM 959319104 92 3,464 SH   DFND 1,2 3,464 0 0
WHITEWAVE FOODS CO COM 966244105 4,088 75,098 SH   DFND 1,2 75,098 0 0
WILLIAMS COS INC DEL COM 969457100 64 2,075 SH   DFND 1,2 2,075 0 0
WISDOMTREE TR INTL SMCAP DIV 97717W760 432 7,047 SH   DFND 1,2 7,047 0 0
WISDOMTREE TR EM LCL DEBT FD 97717X867 628 16,507 SH   DFND 1,2 16,507 0 0
XENIA HOTELS & RESORTS INC COM 984017103 1,643 108,265 SH   DFND 1,2 108,265 0 0
XYLEM INC COM 98419M100 2,625 50,047 SH   DFND 1,2 50,047 0 0
YADKIN FINL CORP COM 984305102 487 18,543 SH   DFND 1,2 18,543 0 0