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
BUNGE LIMITED COM G16962105 1,816 25,134 SH   DFND 1,2 25,134 0 0
ENSCO PLC SHS CLASS A G3157S106 115 11,831 SH   DFND 1,2 11,831 0 0
FRESH DEL MONTE PRODUCE INC ORD G36738105 561 9,252 SH   DFND 1,2 9,252 0 0
KOSMOS ENERGY LTD SHS G5315B107 43 6,134 SH   DFND 1,2 6,134 0 0
NABORS INDUSTRIES LTD SHS G6359F103 176 10,718 SH   DFND 1,2 10,718 0 0
NOBLE CORP PLC SHS USD G65431101 56 9,451 SH   DFND 1,2 9,451 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 92 4,848 SH   DFND 1,2 4,848 0 0
SEADRILL LIMITED SHS G7945E105 51 15,017 SH   DFND 1,2 15,017 0 0
PENTAIR PLC SHS G7S00T104 3,008 53,641 SH   DFND 1,2 53,641 0 0
ADECOAGRO S A COM L00849106 297 28,634 SH   DFND 1,2 28,634 0 0
NXP SEMICONDUCTORS N V COM N6596X109 5,707 58,229 SH   DFND 1,2 58,229 0 0
AEP INDS INC COM 001031103 916 7,891 SH   DFND 1,2 7,891 0 0
AGCO CORP COM 001084102 1,029 17,784 SH   DFND 1,2 17,784 0 0
AG MTG INVT TR INC COM 001228105 451 26,338 SH   DFND 1,2 26,338 0 0
ACADIA RLTY TR COM SH BEN INT 004239109 2,531 77,462 SH   DFND 1,2 77,462 0 0
ALCOA CORP COM 013872106 108 3,831 SH   DFND 1,2 3,831 0 0
ALERE INC COM 01449J105 3,177 81,535 SH   DFND 1,2 81,535 0 0
ALON USA ENERGY INC COM 020520102 14 1,253 SH   DFND 1,2 1,253 0 0
ALON USA PARTNERS LP UT LTDPART INT 02052T109 4 443 SH   DFND 1,2 443 0 0
ALTISOURCE RESIDENTIAL CORP CL B 02153W100 524 47,422 SH   DFND 1,2 47,422 0 0
AMERICAN VANGUARD CORP COM 030371108 133 6,950 SH   DFND 1,2 6,950 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103 3,871 53,496 SH   DFND 1,2 53,496 0 0
ANADARKO PETE CORP COM 032511107 201 2,889 SH   DFND 1,2 2,889 0 0
ANWORTH MORTGAGE ASSET CP COM 037347101 468 90,460 SH   DFND 1,2 90,460 0 0
APACHE CORP COM 037411105 134 2,119 SH   DFND 1,2 2,119 0 0
APOLLO ED GROUP INC CL A 037604105 791 79,858 SH   DFND 1,2 79,858 0 0
APOLLO COML REAL EST FIN INC COM 03762U105 1,285 77,298 SH   DFND 1,2 77,298 0 0
APPLIED MICRO CIRCUITS CORP COM NEW 03822W406 339 41,103 SH   DFND 1,2 41,103 0 0
AQUA AMERICA INC COM 03836W103 1,631 54,298 SH   DFND 1,2 54,298 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 4,847 106,180 SH   DFND 1,2 106,180 0 0
ARES COML REAL ESTATE CORP COM 04013V108 339 24,684 SH   DFND 1,2 24,684 0 0
ARMOUR RESIDENTIAL REIT INC COM NEW 042315507 757 34,921 SH   DFND 1,2 34,921 0 0
ASHFORD HOSPITALITY PRIME IN COM 044102101 305 22,345 SH   DFND 1,2 22,345 0 0
ASHFORD HOSPITALITY TR INC COM SHS 044103109 609 78,534 SH   DFND 1,2 78,534 0 0
BAKER HUGHES INC COM 057224107 3,322 51,130 SH   DFND 1,2 51,130 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06740Q252 2,212 86,701 SH   DFND 1,2 86,701 0 0
B/E AEROSPACE INC COM 073302101 3,374 56,053 SH   DFND 1,2 56,053 0 0
BLUE NILE INC COM 09578R103 475 11,702 SH   DFND 1,2 11,702 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 2,750 166,563 SH   DFND 1,2 166,563 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 2,542 203,541 SH   DFND 1,2 203,541 0 0
CBL & ASSOC PPTYS INC COM 124830100 1,850 160,876 SH   DFND 1,2 160,876 0 0
CST BRANDS INC COM 12646R105 3,382 70,242 SH   DFND 1,2 70,242 0 0
CVR ENERGY INC COM 12662P108 16 613 SH   DFND 1,2 613 0 0
CVR PARTNERS LP COM 126633106 108 17,944 SH   DFND 1,2 17,944 0 0
CVR REFNG LP COMUNIT REP LT 12663P107 58 5,565 SH   DFND 1,2 5,565 0 0
CABELAS INC COM 126804301 614 10,493 SH   DFND 1,2 10,493 0 0
CAL MAINE FOODS INC COM NEW 128030202 336 7,604 SH   DFND 1,2 7,604 0 0
CALIFORNIA RES CORP COM NEW 13057Q206 31 1,444 SH   DFND 1,2 1,444 0 0
CAPSTEAD MTG CORP COM NO PAR 14067E506 928 91,046 SH   DFND 1,2 91,046 0 0
CARDINAL FINL CORP COM 14149F109 715 21,806 SH   DFND 1,2 21,806 0 0
CARE CAP PPTYS INC COM 141624106 2,010 80,419 SH   DFND 1,2 80,419 0 0
CARETRUST REIT INC COM 14174T107 924 60,340 SH   DFND 1,2 60,340 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 513 78,624 SH   DFND 1,2 78,624 0 0
CHEMTURA CORP COM NEW 163893209 2,022 60,904 SH   DFND 1,2 60,904 0 0
CHESAPEAKE LODGING TR SH BEN INT 165240102 1,465 56,665 SH   DFND 1,2 56,665 0 0
CHEVRON CORP NEW COM 166764100 1,251 10,625 SH   DFND 1,2 10,625 0 0
COBALT INTL ENERGY INC COM 19075F106 17 14,165 SH   DFND 1,2 14,165 0 0
COLONY CAP INC CL A 19624R106 2,139 105,649 SH   DFND 1,2 105,649 0 0
COLUMBIA PIPELINE PARTNERS L COM UT REPSTG 198281107 785 45,771 SH   DFND 1,2 45,771 0 0
CONAGRA BRANDS INC COM 205887102 3,042 76,907 SH   DFND 1,2 76,907 0 0
CONCHO RES INC COM 20605P101 94 709 SH   DFND 1,2 709 0 0
CONOCOPHILLIPS COM 20825C104 343 6,847 SH   DFND 1,2 6,847 0 0
CONSOL ENERGY INC COM 20854P109 176 9,669 SH   DFND 1,2 9,669 0 0
COUSINS PPTYS INC COM 222795106 2,880 338,459 SH   DFND 1,2 338,459 0 0
CURRENCYSHARES EURO TR EURO SHS 23130C108 361 3,534 SH   DFND 1,2 3,534 0 0
DELEK US HLDGS INC COM 246647101 52 2,148 SH   DFND 1,2 2,148 0 0
DENBURY RES INC COM NEW 247916208 57 15,451 SH   DFND 1,2 15,451 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 44 2,511 SH   DFND 1,2 2,511 0 0
DIAMONDROCK HOSPITALITY CO COM 252784301 2,195 190,410 SH   DFND 1,2 190,410 0 0
DOMTAR CORP COM NEW 257559203 426 10,910 SH   DFND 1,2 10,910 0 0
DYNEX CAP INC COM NEW 26817Q506 303 44,374 SH   DFND 1,2 44,374 0 0
EOG RES INC COM 26875P101 325 3,216 SH   DFND 1,2 3,216 0 0
EP ENERGY CORP CL A 268785102 10 1,480 SH   DFND 1,2 1,480 0 0
EASTERLY GOVT PPTYS INC COM 27616P103 677 33,809 SH   DFND 1,2 33,809 0 0
EDUCATION RLTY TR INC COM NEW 28140H203 2,967 70,140 SH   DFND 1,2 70,140 0 0
EMPIRE ST RLTY TR INC CL A 292104106 2,990 148,093 SH   DFND 1,2 148,093 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 2,409 67,272 SH   DFND 1,2 67,272 0 0
EQUITY ONE COM 294752100 1,953 63,645 SH   DFND 1,2 63,645 0 0
EVERBANK FINL CORP COM 29977G102 480 24,695 SH   DFND 1,2 24,695 0 0
EXTRACTION OIL AND GAS INC COM 30227M105 31 1,533 SH   DFND 1,2 1,533 0 0
EXXON MOBIL CORP COM 30231G102 2,142 23,733 SH   DFND 1,2 23,733 0 0
FAIRMOUNT SANTROL HLDGS INC COM 30555Q108 73 6,226 SH   DFND 1,2 6,226 0 0
FELCOR LODGING TR INC COM 31430F101 988 123,300 SH   DFND 1,2 123,300 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 3,110 110,860 SH   DFND 1,2 110,860 0 0
FIRST POTOMAC RLTY TR COM 33610F109 600 54,717 SH   DFND 1,2 54,717 0 0
FLOWSERVE CORP COM 34354P105 1,872 38,960 SH   DFND 1,2 38,960 0 0
FOUR CORNERS PPTY TR INC COM 35086T109 1,182 57,596 SH   DFND 1,2 57,596 0 0
FRANKLIN STREET PPTYS CORP COM 35471R106 1,293 99,781 SH   DFND 1,2 99,781 0 0
FREEPORT-MCMORAN INC CL B 35671D857 407 30,858 SH   DFND 1,2 30,858 0 0
G & K SVCS INC CL A 361268105 1,226 12,710 SH   DFND 1,2 12,710 0 0
GENERAL MLS INC COM 370334104 6,494 105,136 SH   DFND 1,2 105,136 0 0
GENWORTH FINL INC COM CL A 37247D106 1,328 348,599 SH   DFND 1,2 348,599 0 0
GLOBAL NET LEASE INC COM 379378102 1,284 164,020 SH   DFND 1,2 164,020 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 1,282 67,250 SH   DFND 1,2 67,250 0 0
GULFPORT ENERGY CORP COM NEW 402635304 106 4,899 SH   DFND 1,2 4,899 0 0
HAIN CELESTIAL GROUP INC COM 405217100 722 18,503 SH   DFND 1,2 18,503 0 0
HALCON RES CORP COM PAR NEW 40537Q605 20 2,181 SH   DFND 1,2 2,181 0 0
HALLIBURTON CO COM 406216101 257 4,745 SH   DFND 1,2 4,745 0 0
HARMAN INTL INDS INC COM 413086109 2,562 23,047 SH   DFND 1,2 23,047 0 0
HEADWATERS INC COM 42210P102 2,250 95,658 SH   DFND 1,2 95,658 0 0
HECLA MNG CO COM 422704106 384 73,235 SH   DFND 1,2 73,235 0 0
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500 840 39,083 SH   DFND 1,2 39,083 0 0
HORMEL FOODS CORP COM 440452100 8,511 244,496 SH   DFND 1,2 244,496 0 0
ISTAR INC COM 45031U101 808 65,280 SH   DFND 1,2 65,280 0 0
IDEX CORP COM 45167R104 2,081 23,108 SH   DFND 1,2 23,108 0 0
INDEPENDENCE CONTRACT DRIL I COM 453415309 8 1,252 SH   DFND 1,2 1,252 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 590 66,182 SH   DFND 1,2 66,182 0 0
INDEXIQ ETF TR HEDGE MLTI ETF 45409B107 1,389 48,242 SH   DFND 1,2 48,242 0 0
INFRAREIT INC COM 45685L100 599 33,420 SH   DFND 1,2 33,420 0 0
INGREDION INC COM 457187102 1,597 12,784 SH   DFND 1,2 12,784 0 0
INTERSIL CORP CL A 46069S109 2,179 97,732 SH   DFND 1,2 97,732 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 1,566 107,280 SH   DFND 1,2 107,280 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 824 115,508 SH   DFND 1,2 115,508 0 0
ISHARES MSCI BRZ CAP ETF 464286400 540 16,205 SH   DFND 1,2 16,205 0 0
ISHARES MSCI EURZONE ETF 464286608 20,782 600,640 SH   DFND 1,2 600,640 0 0
ISHARES TR TIPS BD ETF 464287176 54,636 482,776 SH   DFND 1,2 482,776 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 5,509 158,700 SH   DFND 1,2 158,700 0 0
ISHARES TR CORE S&P500 ETF 464287200 519 2,307 SH   DFND 1,2 2,307 0 0
ISHARES TR CORE US AGGBD ET 464287226 29,755 275,367 SH   DFND 1,2 275,367 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 766 21,883 SH   DFND 1,2 21,883 0 0
ISHARES TR IBOXX INV CP ETF 464287242 293,869 2,507,841 SH   DFND 1,2 2,507,841 0 0
ISHARES TR S&P 500 GRWT ETF 464287309 8,761 71,943 SH   DFND 1,2 71,943 0 0
ISHARES TR S&P 500 VAL ETF 464287408 9,952 98,166 SH   DFND 1,2 98,166 0 0
ISHARES TR 20 YR TR BD ETF 464287432 847 7,106 SH   DFND 1,2 7,106 0 0
ISHARES TR 7-10 Y TR BD ETF 464287440 5,032 48,005 SH   DFND 1,2 48,005 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 80,234 950,062 SH   DFND 1,2 950,062 0 0
ISHARES TR MSCI EAFE ETF 464287465 12,371 214,303 SH   DFND 1,2 214,303 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 28,948 258,394 SH   DFND 1,2 258,394 0 0
ISHARES TR RUS 1000 GRW ETF 464287614 18,735 178,602 SH   DFND 1,2 178,602 0 0
ISHARES TR RUS 2000 VAL ETF 464287630 13,651 114,780 SH   DFND 1,2 114,780 0 0
ISHARES TR RUS 2000 GRW ETF 464287648 582 3,782 SH   DFND 1,2 3,782 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 741 5,498 SH   DFND 1,2 5,498 0 0
ISHARES TR U.S. REAL ES ETF 464287739 242 3,146 SH   DFND 1,2 3,146 0 0
ISHARES TR EUROPE ETF 464287861 6,498 167,439 SH   DFND 1,2 167,439 0 0
ISHARES TR SP SMCP600VL ETF 464287879 7,405 52,889 SH   DFND 1,2 52,889 0 0
ISHARES TR SP SMCP600GR ETF 464287887 215 1,435 SH   DFND 1,2 1,435 0 0
ISHARES TR EAFE SML CP ETF 464288273 8,594 172,422 SH   DFND 1,2 172,422 0 0
ISHARES TR JP MOR EM MK ETF 464288281 3,972 36,038 SH   DFND 1,2 36,038 0 0
ISHARES TR IBOXX HI YD ETF 464288513 27,351 316,006 SH   DFND 1,2 316,006 0 0
ISHARES TR MBS ETF 464288588 8,628 81,138 SH   DFND 1,2 81,138 0 0
ISHARES TR US CREDIT BD ETF 464288620 8,095 74,122 SH   DFND 1,2 74,122 0 0
ISHARES TR 10-20 YR TRS ETF 464288653 25 189 SH   DFND 1,2 189 0 0
ISHARES TR 3-7 YR TR BD ETF 464288661 4,676 38,169 SH   DFND 1,2 38,169 0 0
ISHARES TR SHRT TRS BD ETF 464288679 69,260 627,924 SH   DFND 1,2 627,924 0 0
ISHARES TR U.S. PFD STK ETF 464288687 6,218 167,080 SH   DFND 1,2 167,080 0 0
ISHARES INDIA 50 ETF 464289529 1,147 41,917 SH   DFND 1,2 41,917 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 4,030 266,697 SH   DFND 1,2 266,697 0 0
ISHARES TR MSCI INDIA ETF 46429B598 6,057 225,910 SH   DFND 1,2 225,910 0 0
ISHARES TR CHINA ETF 46429B671 3,521 80,506 SH   DFND 1,2 80,506 0 0
ISHARES TR CORE MSCI EAFE 46432F842 908 16,926 SH   DFND 1,2 16,926 0 0
ISHARES INC CORE MSCI EMKT 46434G103 496 11,685 SH   DFND 1,2 11,685 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 50,006 1,023,455 SH   DFND 1,2 1,023,455 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 1,057 33,452 SH   DFND 1,2 33,452 0 0
JANUS CAP GROUP INC COM 47102X105 500 37,709 SH   DFND 1,2 37,709 0 0
JOY GLOBAL INC COM 481165108 2,778 99,227 SH   DFND 1,2 99,227 0 0
KAPSTONE PAPER & PACKAGING C COM 48562P103 394 17,885 SH   DFND 1,2 17,885 0 0
KELLOGG CO COM 487836108 4,626 62,761 SH   DFND 1,2 62,761 0 0
KENNEDY-WILSON HLDGS INC COM 489398107 1,820 88,759 SH   DFND 1,2 88,759 0 0
KINDER MORGAN INC DEL COM 49456B101 258 12,459 SH   DFND 1,2 12,459 0 0
KITE RLTY GROUP TR COM NEW 49803T300 1,883 80,187 SH   DFND 1,2 80,187 0 0
LATTICE SEMICONDUCTOR CORP COM 518415104 697 94,712 SH   DFND 1,2 94,712 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 1,909 33,867 SH   DFND 1,2 33,867 0 0
LEXINGTON REALTY TRUST COM 529043101 1,933 178,970 SH   DFND 1,2 178,970 0 0
LIFELOCK INC COM 53224V100 1,728 72,223 SH   DFND 1,2 72,223 0 0
LINEAR TECHNOLOGY CORP COM 535678106 4,441 71,234 SH   DFND 1,2 71,234 0 0
LOUISIANA PAC CORP COM 546347105 490 25,896 SH   DFND 1,2 25,896 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 1,403 55,452 SH   DFND 1,2 55,452 0 0
MTGE INVT CORP COM 55378A105 684 43,586 SH   DFND 1,2 43,586 0 0
MACK CALI RLTY CORP COM 554489104 2,258 77,804 SH   DFND 1,2 77,804 0 0
MAMMOTH ENERGY SVCS INC COM 56155L108 4 292 SH   DFND 1,2 292 0 0
MARATHON PETE CORP COM 56585A102 148 2,948 SH   DFND 1,2 2,948 0 0
MEDEQUITIES RLTY TR INC COM 58409L306 316 28,438 SH   DFND 1,2 28,438 0 0
MENTOR GRAPHICS CORP COM 587200106 1,280 34,687 SH   DFND 1,2 34,687 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 946 62,053 SH   DFND 1,2 62,053 0 0
MONOGRAM RESIDENTIAL TR INC COM 60979P105 1,729 159,751 SH   DFND 1,2 159,751 0 0
MONSANTO CO NEW COM 61166W101 7,275 69,147 SH   DFND 1,2 69,147 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 788 35,706 SH   DFND 1,2 35,706 0 0
NEW SR INVT GROUP INC COM 648691103 758 77,398 SH   DFND 1,2 77,398 0 0
NEW YORK MTG TR INC COM PAR $.02 649604501 689 104,366 SH   DFND 1,2 104,366 0 0
NEWMONT MINING CORP COM 651639106 3,462 101,605 SH   DFND 1,2 101,605 0 0
NOW INC COM 67011P100 83 4,076 SH   DFND 1,2 4,076 0 0
OASIS PETE INC NEW COM 674215108 137 9,064 SH   DFND 1,2 9,064 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 305 4,286 SH   DFND 1,2 4,286 0 0
OCEANEERING INTL INC COM 675232102 107 3,807 SH   DFND 1,2 3,807 0 0
OIL STS INTL INC COM 678026105 77 1,974 SH   DFND 1,2 1,974 0 0
ORCHID IS CAP INC COM 68571X103 258 23,810 SH   DFND 1,2 23,810 0 0
PBF ENERGY INC CL A 69318G106 106 3,814 SH   DFND 1,2 3,814 0 0
PAR PACIFIC HOLDINGS INC COM NEW 69888T207 18 1,255 SH   DFND 1,2 1,255 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 2,031 68,282 SH   DFND 1,2 68,282 0 0
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 1,236 65,198 SH   DFND 1,2 65,198 0 0
PENNYMAC MTG INVT TR COM 70931T103 1,007 61,531 SH   DFND 1,2 61,531 0 0
PHILLIPS 66 COM 718546104 259 3,003 SH   DFND 1,2 3,003 0 0
PHYSICIANS RLTY TR COM 71943U104 2,463 129,901 SH   DFND 1,2 129,901 0 0
PILGRIMS PRIDE CORP NEW COM 72147K108 2,137 112,546 SH   DFND 1,2 112,546 0 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 6,017 59,383 SH   DFND 1,2 59,383 0 0
PIONEER ENERGY SVCS CORP COM 723664108 20 2,891 SH   DFND 1,2 2,891 0 0
PIONEER NAT RES CO COM 723787107 165 919 SH   DFND 1,2 919 0 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 498 50,805 SH   DFND 1,2 50,805 0 0
POST HLDGS INC COM 737446104 937 11,655 SH   DFND 1,2 11,655 0 0
POWERSHARES DB G10 CURCY HAR COM UT BEN INT 73935Y102 4,930 198,744 SH   DFND 1,2 198,744 0 0
POWERSHS DB MULTI SECT COMM DB GOLD FUND 73936B606 878 23,710 SH   DFND 1,2 23,710 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 30,600 1,309,919 SH   DFND 1,2 1,309,919 0 0
POWERSHARES ETF TR II SOVEREIGN DEBT 73936T573 3,137 110,975 SH   DFND 1,2 110,975 0 0
PRIVATEBANCORP INC COM 742962103 3,284 60,601 SH   DFND 1,2 60,601 0 0
PROSHARES TR PSHS SH MSCI EMR 74347R396 2,224 95,840 SH   DFND 1,2 95,840 0 0
PROSHARES TR II ULTRASHORT YEN N 74347W569 517 6,891 SH   DFND 1,2 6,891 0 0
PROSHARES TR II ULTRASHRT EURO 74347W882 961 37,004 SH   DFND 1,2 37,004 0 0
PROSHARES TR ULTSHT REAL EST 74348A244 472 13,563 SH   DFND 1,2 13,563 0 0
PROSHARES TR ULTSHT RUSS2000 74348A319 15 643 SH   DFND 1,2 643 0 0
QTS RLTY TR INC COM CL A 74736A103 1,905 38,361 SH   DFND 1,2 38,361 0 0
RAIT FINANCIAL TRUST COM NEW 749227609 294 87,480 SH   DFND 1,2 87,480 0 0
RPC INC COM 749660106 44 2,229 SH   DFND 1,2 2,229 0 0
RAMCO-GERSHENSON PPTYS TR COM SH BEN INT 751452202 1,245 75,065 SH   DFND 1,2 75,065 0 0
REDWOOD TR INC COM 758075402 1,099 72,223 SH   DFND 1,2 72,223 0 0
RESOLUTE ENERGY CORP COM NEW 76116A306 24 577 SH   DFND 1,2 577 0 0
RESOURCE CAP CORP COM NEW 76120W708 234 28,092 SH   DFND 1,2 28,092 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 2,184 103,382 SH   DFND 1,2 103,382 0 0
REXFORD INDL RLTY INC COM 76169C100 1,466 63,213 SH   DFND 1,2 63,213 0 0
REYNOLDS AMERICAN INC COM 761713106 5,924 105,715 SH   DFND 1,2 105,715 0 0
ROYAL GOLD INC COM 780287108 795 12,542 SH   DFND 1,2 12,542 0 0
RYDEX ETF TRUST GUG S&P500 PU VA 78355W304 657 11,427 SH   DFND 1,2 11,427 0 0
RYDEX ETF TRUST GUG S&P500 PU GR 78355W403 1,082 12,950 SH   DFND 1,2 12,950 0 0
SM ENERGY CO COM 78454L100 129 3,741 SH   DFND 1,2 3,741 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,269 5,677 SH   DFND 1,2 5,677 0 0
SPDR INDEX SHS FDS S&P CHINA ETF 78463X400 1,283 17,799 SH   DFND 1,2 17,799 0 0
SPDR INDEX SHS FDS S&P EMKTSC ETF 78463X756 10,696 269,265 SH   DFND 1,2 269,265 0 0
SPDR INDEX SHS FDS S&P INTL SMLCP 78463X871 935 32,253 SH   DFND 1,2 32,253 0 0
SPDR SERIES TRUST BLMBRG BRC CNVRT 78464A359 125,529 2,749,810 SH   DFND 1,2 2,749,810 0 0
SPDR SERIES TRUST BLOMBRG BRC MRTG 78464A383 12,563 478,059 SH   DFND 1,2 478,059 0 0
SPDR SERIES TRUST BLOOMBERG BRCLYS 78464A417 32,076 880,008 SH   DFND 1,2 880,008 0 0
SPDR SERIES TRUST DJ REIT ETF 78464A607 208 2,225 SH   DFND 1,2 2,225 0 0
SPDR SERIES TRUST BLOMBRG BRC AGRT 78464A649 822 14,447 SH   DFND 1,2 14,447 0 0
SPDR SERIES TRUST BLOOMBERG LNG TR 78464A664 318 4,616 SH   DFND 1,2 4,616 0 0
SPDR SERIES TRUST BLMBRG BR 1 3 MT 78464A680 29,857 653,321 SH   DFND 1,2 653,321 0 0
SSGA ACTIVE ETF TR BLKSTN GSOSRLN 78467V608 4,619 97,253 SH   DFND 1,2 97,253 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 1,497 61,300 SH   DFND 1,2 61,300 0 0
ST JUDE MED INC COM 790849103 10,625 132,501 SH   DFND 1,2 132,501 0 0
SANCHEZ ENERGY CORP COM 79970Y105 20 2,175 SH   DFND 1,2 2,175 0 0
SANDERSON FARMS INC COM 800013104 1,447 15,353 SH   DFND 1,2 15,353 0 0
SCHLUMBERGER LTD COM 806857108 589 7,012 SH   DFND 1,2 7,012 0 0
SCHWAB STRATEGIC TR INTRM TRM TRES 808524854 8,372 156,935 SH   DFND 1,2 156,935 0 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862 39,333 780,100 SH   DFND 1,2 780,100 0 0
SEABOARD CORP COM 811543107 2,008 508 SH   DFND 1,2 508 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 914 18,402 SH   DFND 1,2 18,402 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 1,521 22,067 SH   DFND 1,2 22,067 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 60 1,162 SH   DFND 1,2 1,162 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 777 9,540 SH   DFND 1,2 9,540 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 393 5,216 SH   DFND 1,2 5,216 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 4,170 179,274 SH   DFND 1,2 179,274 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 58 939 SH   DFND 1,2 939 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 6,150 127,152 SH   DFND 1,2 127,152 0 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 19 602 SH   DFND 1,2 602 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 20 405 SH   DFND 1,2 405 0 0
SEMGROUP CORP CL A 81663A105 107 2,573 SH   DFND 1,2 2,573 0 0
SERITAGE GROWTH PPTYS CL A 81752R100 932 21,832 SH   DFND 1,2 21,832 0 0
SHELL MIDSTREAM PARTNERS L P UNIT LTD INT 822634101 101 3,463 SH   DFND 1,2 3,463 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 528 30,834 SH   DFND 1,2 30,834 0 0
SMUCKER J M CO COM NEW 832696405 2,732 21,331 SH   DFND 1,2 21,331 0 0
SOUTHERN COPPER CORP COM 84265V105 634 19,846 SH   DFND 1,2 19,846 0 0
SPECTRA ENERGY CORP COM 847560109 5,518 134,277 SH   DFND 1,2 134,277 0 0
STAG INDL INC COM 85254J102 1,734 72,646 SH   DFND 1,2 72,646 0 0
SUMMIT HOTEL PPTYS COM 866082100 1,330 82,950 SH   DFND 1,2 82,950 0 0
SUPERIOR ENERGY SVCS INC COM 868157108 99 5,851 SH   DFND 1,2 5,851 0 0
SYNERGY RES CORP COM 87164P103 66 7,440 SH   DFND 1,2 7,440 0 0
TALLGRASS ENERGY PARTNERS LP COM UNIT 874697105 81 1,700 SH   DFND 1,2 1,700 0 0
TEAM HEALTH HOLDINGS INC COM 87817A107 3,854 88,691 SH   DFND 1,2 88,691 0 0
TESCO CORP COM 88157K101 14 1,716 SH   DFND 1,2 1,716 0 0
TESORO LOGISTICS LP COM UNIT LP 88160T107 135 2,663 SH   DFND 1,2 2,663 0 0
TIER REIT INC COM NEW 88650V208 790 45,444 SH   DFND 1,2 45,444 0 0
TIME WARNER INC COM NEW 887317303 6,316 65,431 SH   DFND 1,2 65,431 0 0
TITAN INTL INC ILL COM 88830M102 131 11,686 SH   DFND 1,2 11,686 0 0
TURQUOISE HILL RES LTD COM 900435108 286 88,661 SH   DFND 1,2 88,661 0 0
TYSON FOODS INC CL A 902494103 10,219 165,685 SH   DFND 1,2 165,685 0 0
VALERO ENERGY CORP NEW COM 91913Y100 185 2,706 SH   DFND 1,2 2,706 0 0
VALSPAR CORP COM 920355104 5,211 50,294 SH   DFND 1,2 50,294 0 0
VANECK VECTORS ETF TR JP MORGAN MKTS 92189F494 15,360 872,759 SH   DFND 1,2 872,759 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 338,565 4,261,351 SH   DFND 1,2 4,261,351 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 22,493 278,412 SH   DFND 1,2 278,412 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 9,550 261,360 SH   DFND 1,2 261,360 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 1,283 35,870 SH   DFND 1,2 35,870 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 30,720 640,802 SH   DFND 1,2 640,802 0 0
VANGUARD WORLD FDS CONSUM DIS ETF 92204A108 126 979 SH   DFND 1,2 979 0 0
VANGUARD WORLD FDS ENERGY ETF 92204A306 91 869 SH   DFND 1,2 869 0 0
VANGUARD WORLD FDS FINANCIALS ETF 92204A405 200 3,371 SH   DFND 1,2 3,371 0 0
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 550 4,339 SH   DFND 1,2 4,339 0 0
VANGUARD WORLD FDS INF TECH ETF 92204A702 940 7,739 SH   DFND 1,2 7,739 0 0
VANGUARD WORLD FDS MATERIALS ETF 92204A801 374 3,329 SH   DFND 1,2 3,329 0 0
VANGUARD WORLD FDS TELCOMM ETF 92204A884 16 164 SH   DFND 1,2 164 0 0
VANGUARD SCOTTSDALE FDS VNG RUS2000IDX 92206C664 16 148 SH   DFND 1,2 148 0 0
VANGUARD SCOTTSDALE FDS INT-TERM GOV 92206C706 7,518 117,615 SH   DFND 1,2 117,615 0 0
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 25,092 479,863 SH   DFND 1,2 479,863 0 0
VANGUARD SCOTTSDALE FDS LONG-TERM GOV 92206C847 455 6,181 SH   DFND 1,2 6,181 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 43,793 511,002 SH   DFND 1,2 511,002 0 0
VANGUARD INDEX FDS REIT ETF 922908553 1,975 23,932 SH   DFND 1,2 23,932 0 0
VANGUARD INDEX FDS SML CP GRW ETF 922908595 361 2,716 SH   DFND 1,2 2,716 0 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611 15,434 127,557 SH   DFND 1,2 127,557 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736 13,338 119,651 SH   DFND 1,2 119,651 0 0
VANGUARD INDEX FDS VALUE ETF 922908744 21,794 234,322 SH   DFND 1,2 234,322 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 11 91 SH   DFND 1,2 91 0 0
WCI CMNTYS INC COM PAR $0.01 92923C807 453 19,336 SH   DFND 1,2 19,336 0 0
WASHINGTON PRIME GROUP NEW COM 93964W108 1,848 177,490 SH   DFND 1,2 177,490 0 0
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 2,334 71,406 SH   DFND 1,2 71,406 0 0
WESTAR ENERGY INC COM 95709T100 1,832 32,505 SH   DFND 1,2 32,505 0 0
WESTERN ASSET MTG CAP CORP COM 95790D105 392 38,973 SH   DFND 1,2 38,973 0 0
WESTERN REFNG INC COM 959319104 2,529 66,802 SH   DFND 1,2 66,802 0 0
WHITEWAVE FOODS CO COM 966244105 4,277 76,930 SH   DFND 1,2 76,930 0 0
WILLIAMS COS INC DEL COM 969457100 129 4,141 SH   DFND 1,2 4,141 0 0
WISDOMTREE TR INTL SMCAP DIV 97717W760 1,588 26,455 SH   DFND 1,2 26,455 0 0
WISDOMTREE TR EM LCL DEBT FD 97717X867 1,543 43,122 SH   DFND 1,2 43,122 0 0
XENIA HOTELS & RESORTS INC COM 984017103 2,000 103,008 SH   DFND 1,2 103,008 0 0
XYLEM INC COM 98419M100 2,649 53,488 SH   DFND 1,2 53,488 0 0
YADKIN FINL CORP COM 984305102 647 18,893 SH   DFND 1,2 18,893 0 0