| 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 |
| ABERDEEN CHILE FUND INC | COM | 00301W105 | 617 | 83,019 | SH | | DFND | 1 | 617 | 0 | 0 |
| ACCESS MIDSTREAM PARTNERS LP | L UNIT | 00434L109 | 774 | 14,284 | SH | | DFND | 1 | 774 | 0 | 0 |
| ALCOA INC | COM | 013817101 | 336 | 21,324 | SH | | DFND | 1 | 336 | 0 | 0 |
| ALLERGAN INC | COM | 018490102 | 2,500 | 11,764 | SH | | DFND | 1 | 2,500 | 0 | 0 |
| ALLIANCE WRLD DLR G F II | COM | 01879R106 | 2,019 | 162,455 | SH | | DFND | 1 | 2,019 | 0 | 0 |
| ALLIANZGI NFJ DIVIDEND INTER | COM | 01883A107 | 399 | 24,948 | SH | | DFND | 1 | 399 | 0 | 0 |
| AMERICA MOVIL S A DE C V | SHS | 02364W204 | 1,075 | 48,500 | SH | | DFND | 1 | 1,075 | 0 | 0 |
| AMERICAN INTERNATIONAL GROUP | COM | 026874784 | 699 | 12,487 | SH | | DFND | 1 | 699 | 0 | 0 |
| ARCELORMITTAL | MAND CV NT 16 | L0302D178 | 380 | 21,995 | SH | | DFND | 1 | 380 | 0 | 0 |
| ATLAS PIPELINE PARTNERS LP | UNIT L P INT | 049392103 | 2,562 | 93,990 | SH | | DFND | 1 | 2,562 | 0 | 0 |
| AUXILIUM PHARMACEUTICALS INC | COM | 05334D107 | 785 | 22,852 | SH | | DFND | 1 | 785 | 0 | 0 |
| BLACKROCK CREDIT ALLOCATION | COM | 092508100 | 677 | 52,462 | SH | | DFND | 1 | 677 | 0 | 0 |
| BLACKROCK DEBT STRATEGIES FD | COM | 09255R103 | 444 | 119,513 | SH | | DFND | 1 | 444 | 0 | 0 |
| BLACKROCK ENH CAP AND INC | COM | 09256A109 | 358 | 25,633 | SH | | DFND | 1 | 358 | 0 | 0 |
| BLACKROCK MUNI INTERM DURATI | COM | 09253X102 | 358 | 24,900 | SH | | DFND | 1 | 358 | 0 | 0 |
| BLACKROCK MUNICIPAL TARGET | TR COM SHS BEN IN | 09257P105 | 787 | 39,184 | SH | | DFND | 1 | 787 | 0 | 0 |
| CALAMOS CONV OPP & INC | INC FD SH BEN INT | 128117108 | 440 | 34,335 | SH | | DFND | 1 | 440 | 0 | 0 |
| CLEARBRIDGE ENERGY MLP TOTAL | COM | 18469Q108 | 539 | 25,231 | SH | | DFND | 1 | 539 | 0 | 0 |
| CYPRESS SEMICNDTR PV1CTS | COM | 232806109 | 1,325 | 92,811 | SH | | DFND | 1 | 1,325 | 0 | 0 |
| DIRECTV | COM | 25490A309 | 4,327 | 49,912 | SH | | DFND | 1 | 4,327 | 0 | 0 |
| EATON VANCE T/A GL DVD INCM | COM | 27828S101 | 720 | 44,577 | SH | | DFND | 1 | 720 | 0 | 0 |
| EATON VANCE TAX MAN GLBL BR | COM | 27829C105 | 415 | 37,704 | SH | | DFND | 1 | 415 | 0 | 0 |
| ENBRIDGE ENERGY PARTNERS | COM | 29250R106 | 615 | 15,419 | SH | | DFND | 1 | 615 | 0 | 0 |
| EPR PROPERTIES | C CNV 5.75% | 26884U208 | 2,803 | 118,949 | SH | | DFND | 1 | 2,803 | 0 | 0 |
| FIRST CITIZENS BANC CORP | 6.50% PFD SER B | 319459400 | 568 | 17,482 | SH | | DFND | 1 | 568 | 0 | 0 |
| FIRST TRUST HIGH INCOME LONG | COM | 33738E109 | 237 | 14,839 | SH | | DFND | 1 | 237 | 0 | 0 |
| GABELLI DIVIDEND & INCOME | COM | 36242H104 | 506 | 23,382 | SH | | DFND | 1 | 506 | 0 | 0 |
| GAMCO GLOBAL GOLD NATURAL RE | SH BEN INT | 36465A109 | 938 | 134,067 | SH | | DFND | 1 | 938 | 0 | 0 |
| GENERAL MOTORS CO | *W EXP 07/10/201 | 37045V126 | 1,007 | 58,828 | SH | | DFND | 1 | 1,007 | 0 | 0 |
| GENERAL MOTORS CO | *W EXP 07/10/201 | 37045V118 | 4,876 | 193,054 | SH | | DFND | 1 | 4,876 | 0 | 0 |
| GENESEE & WYOMING INC | UNIT 10/01/2015 | 371559204 | 1,758 | 15,150 | SH | | DFND | 1 | 1,758 | 0 | 0 |
| GILEAD SCIENCES INC | NOTE 1.625% 5/0 | 375558AP8 | 8,360 | 20,200 | SH | | DFND | 1 | 8,360 | 0 | 0 |
| GUGGENHEIM STRATEGIC OPPORTU | COM SBI | 40167F101 | 328 | 15,717 | SH | | DFND | 1 | 328 | 0 | 0 |
| HAWAIIAN HOLDINGS INC CONV 05.000% MAR 15 2016 | NOTE 5.000% 3/1 | 419879AD3 | 11,943 | 36,000 | SH | | DFND | 1 | 11,943 | 0 | 0 |
| INVESCO SENIOR INCOME TRUST | COM | 46131H107 | 722 | 158,478 | SH | | DFND | 1 | 722 | 0 | 0 |
| ISHARES CHINA LARGE-CAP ETF | ETF | 464287184 | 455 | 10,938 | SH | | DFND | 1 | 455 | 0 | 0 |
| ISHARES CORE MSCI EMERGING | MSCI EMKT | 46434G103 | 1,275 | 27,111 | SH | | DFND | 1 | 1,275 | 0 | 0 |
| ISHARES INC | ETF | 464286731 | 660 | 43,702 | SH | | DFND | 1 | 660 | 0 | 0 |
| ISHARES MSCI JAPAN ETF | ETF | 464286848 | 288 | 25,639 | SH | | DFND | 1 | 288 | 0 | 0 |
| LIBERTY BROADBAND-C | COM SER C | 530307305 | 1,385 | 27,810 | SH | | DFND | 1 | 1,385 | 0 | 0 |
| LINN ENERGY LLC-UNITS | LTD LIAB | 536020100 | 934 | 92,298 | SH | | DFND | 1 | 934 | 0 | 0 |
| MARKET VECTORS INDONESIA IND | ETF | 57060U753 | 410 | 16,911 | SH | | DFND | 1 | 410 | 0 | 0 |
| MORGAN STANLEY CHINA A SHARE | COM | 617468103 | 481 | 15,850 | SH | | DFND | 1 | 481 | 0 | 0 |
| NATL HEALTHCARE CORP | PFD CONV SER A | 635906209 | 900 | 57,880 | SH | | DFND | 1 | 900 | 0 | 0 |
| NEXTERA ENERGY INC | UNIT 09/01/2015 | 65339F887 | 12,130 | 181,214 | SH | | DFND | 1 | 12,130 | 0 | 0 |
| NUVEEN A-C ENERGY MLP OPP FD | COM | 67075E108 | 221 | 14,505 | SH | | DFND | 1 | 221 | 0 | 0 |
| NUVEEN EQTY PREM INCM FD | COM | 6706ER101 | 738 | 60,954 | SH | | DFND | 1 | 738 | 0 | 0 |
| NUVEEN NAS100 DYN OVERWRT FD | SHS | 670699107 | 769 | 39,962 | SH | | DFND | 1 | 769 | 0 | 0 |
| NUVEEN NY AMT-FR MUNI INC FD | COM | 670656107 | 415 | 32,174 | SH | | DFND | 1 | 415 | 0 | 0 |
| OILTANKING PARTNERS LP | UNIT LTD | 678049107 | 523 | 11,249 | SH | | DFND | 1 | 523 | 0 | 0 |
| OMEGA HEALTHCARE INVESTORS | COM | 681936100 | 479 | 12,279 | SH | | DFND | 1 | 479 | 0 | 0 |
| OMNICARE CAP TRUST II | PFD B TR 4.00% | 68214Q200 | 12,900 | 143,848 | SH | | DFND | 1 | 12,900 | 0 | 0 |
| PIMCO DYNAMIC CREDIT INCOME | SHS | 72202D106 | 2,449 | 118,615 | SH | | DFND | 1 | 2,449 | 0 | 0 |
| PNC FINANCIAL SERVICES GROUP | *W EXP 12/31/201 | 693475121 | 699 | 28,022 | SH | | DFND | 1 | 699 | 0 | 0 |
| RAMCO-GERSHENSON PROPERT | TR PERP PFD-D CV | 751452608 | 7,660 | 114,453 | SH | | DFND | 1 | 7,660 | 0 | 0 |
| ROYAL DUTCH SHELL PLC | SPONS ADR A | 780259206 | 2,257 | 33,714 | SH | | DFND | 1 | 2,257 | 0 | 0 |
| SIRIUS XM HOLDINGS INC | COM | 82968B103 | 454 | 129,962 | SH | | DFND | 1 | 454 | 0 | 0 |
| SPDR NUVEEN BARCLAYS MUNI | MUNI | 78464A458 | 428 | 17,756 | SH | | DFND | 1 | 428 | 0 | 0 |
| SPROTT PHYSICAL GOLD TRUST | UNIT | 85207H104 | 314 | 32,185 | SH | | DFND | 1 | 314 | 0 | 0 |
| SPROTT PHYSICAL SILVER TRUST | TR UNIT | 85207K107 | 380 | 61,912 | SH | | DFND | 1 | 380 | 0 | 0 |
| SUSQUEHANNA BANCSHARES INC | COM | 869099101 | 1,325 | 98,701 | SH | | DFND | 1 | 1,325 | 0 | 0 |
| TELECOM ITALIA SPA-SPON ADR | NEW SPON ADR SVGS | 87927Y201 | 488 | 58,824 | SH | | DFND | 1 | 488 | 0 | 0 |
| TEMPLETN EMRG MKT INC FD | COM | 880192109 | 1,098 | 96,900 | SH | | DFND | 1 | 1,098 | 0 | 0 |
| TIME WARNER CABLE | COM | 88732J207 | 3,212 | 21,129 | SH | | DFND | 1 | 3,212 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 | 785 | 29,171 | SH | | DFND | 1 | 785 | 0 | 0 |
| TRIPADVISOR INC | COM | 896945201 | 1,500 | 20,093 | SH | | DFND | 1 | 1,500 | 0 | 0 |
| TRIQUINT SEMICONDUCTER INC | COM | 89674K103 | 2,812 | 102,075 | SH | | DFND | 1 | 2,812 | 0 | 0 |
| VALE SA-SP ADR | ADR | 91912E105 | 318 | 38,991 | SH | | DFND | 1 | 318 | 0 | 0 |
| VANGUARD FTSE EUROPE ETF | ETF | 922042874 | 854 | 16,300 | SH | | DFND | 1 | 854 | 0 | 0 |
| VOYA PRIME RATE TRUST | TR SH BEN INT | 92913A100 | 541 | 102,031 | SH | | DFND | 1 | 541 | 0 | 0 |
| WISCONSIN ENERGY CORP | COM | 976657106 | 1,677 | 31,802 | SH | | DFND | 1 | 1,677 | 0 | 0 |
| WISDOMTREE INDIA EARNINGS | INDIA ERNGS FD | 97717W422 | 1,204 | 54,616 | SH | | DFND | 1 | 1,204 | 0 | 0 |
| SAFEWAY INC | CALL | 786514908 | 2,286 | 65,100 | SH | | DFND | 2 | 2,286 | 0 | 0 |
| S & P DEPOSITARY RCPTS (SPDR | TR UNIT | 78462F103 | 15,042 | 73,200 | SH | | DFND | 1 2 | 15,042 | 0 | 0 |
| SAFEWAY INC | COM | 786514208 | 1,354 | 38,557 | SH | | DFND | 1 2 | 1,354 | 0 | 0 |
