Alps Advisors 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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
Greenhaven Cont Cmdt ETF	ETF	395258106	19,792	768,010	SH		DFND	0	768,010	0	0
iShs Barclays TIPS ETF	ETF	464287176	21,846	195,038	SH		DFND	0	195,038	0	0
iShs Core S&P 500 ETF	ETF	464287200	106,114	659,219	SH		DFND	0	659,219	0	0
iShs MSCI EAFE SC ETF	ETF	464288273	16,814	400,895	SH		DFND	0	400,895	0	0
iShs S&P MidCap 400 ETF	ETF	464287507	58,592	507,290	SH		DFND	0	507,290	0	0
PIMCO Enhan Shrt Mat ETF	ETF	72201R833	9,185	90,700	SH		DFND	0	90,700	0	0
SPDR BC HY Bond ETF	ETF	78464A417	12,147	307,590	SH		DFND	0	307,590	0	0
Vgrd FTSE Emerge Mkt ETF	ETF	922042858	26,737	689,441	SH		DFND	0	689,441	0	0
Vgrd MSCI EAFE ETF	ETF	921943858	77,328	2,171,530	SH		DFND	0	2,171,530	0	0
Vgrd REIT ETF	ETF	922908553	10,112	147,144	SH		DFND	0	147,144	0	0
Vgrd Short-Term Bond ETF	ETF	921937827	94,038	1,174,449	SH		DFND	0	1,174,449	0	0
Vgrd Small-Cap ETF	ETF	922908751	33,615	358,717	SH		DFND	0	358,717	0	0
Vgrd Total Bond Mkt ETF	ETF	921937835	98,755	1,221,004	SH		DFND	0	1,221,004	0	0
Enbridge Inc. DL	Common Stock	29250N956	200	4,767	SH		DFND	0	4,767	0	0
Spectra Energy Corp.	Common Stock	847560109	202	5,855	SH		DFND	0	5,855	0	0
AT&T INC	Common Stock	00206R102	5,568	157,276	SH		DFND	0	157,276	0	0
ACCESS MIDSTREAM PARTNERS LP	Common Stock	00434L109	178,844	3,749,344	SH		DFND	0	3,749,344	0	0
ALCOA INC	Common Stock	013817101	187	23,975	SH		DFND	0	23,975	0	0
ALEXANDRIA REAL ESTATE EQ	Common Stock	015271109	774	11,779	SH		DFND	0	11,779	0	0
ALTRIA GROUP INC	Common Stock	02209S103	5,660	161,768	SH		DFND	0	161,768	0	0
AMEREN CORP	Common Stock	023608102	5,704	165,628	SH		DFND	0	165,628	0	0
AMERICAN CAMPUS COMMUNITI	Common Stock	024835100	935	22,989	SH		DFND	0	22,989	0	0
ANGLOGOLD ASHANTI LTD - ADR	Common Stock	035128206	219	15,326	SH		DFND	0	15,326	0	0
ARCHER-DANIELS-MIDLAND CO	Common Stock	039483102	1,771	52,212	SH		DFND	0	52,212	0	0
ARIAD PHARM	Common Stock	04033A100	223	12,740	SH		DFND	0	12,740	0	0
ATLAS PIPELINE PARTNERS LP	Common Stock	049392103	138,067	3,615,256	SH		DFND	0	3,615,256	0	0
AVALONBAY COMM INC	Common Stock	053484101	2,759	20,452	SH		DFND	0	20,452	0	0
AVON PRODUCTS	Common Stock	054303102	5,195	247,047	SH		DFND	0	247,047	0	0
BELO CORP-A	Common Stock	080555105	151	10,855	SH		DFND	0	10,855	0	0
BEST BUY CO INC	Common Stock	086516101	5,743	210,144	SH		DFND	0	210,144	0	0
H&R BLOCK INC	Common Stock	093671105	5,473	197,236	SH		DFND	0	197,236	0	0
BOARDWALK PIPELINE PARTNERS LP	Common Stock	096627104	179,547	5,945,263	SH		DFND	0	5,945,263	0	0
BOSTON PROPERTIE	Common Stock	101121101	2,692	25,520	SH		DFND	0	25,520	0	0
BRISTOL-MYERS SQUIBB CO	Common Stock	110122108	5,391	120,626	SH		DFND	0	120,626	0	0
BROOKFIELD OFFICE PROPERTIES INC	Common Stock	112900105	702	42,111	SH		DFND	0	42,111	0	0
BROOKLINE BANCRP	Common Stock	11373M107	96	11,095	SH		DFND	0	11,095	0	0
BUCKEYE PARTNERS LP	Common Stock	118230101	338,181	4,820,137	SH		DFND	0	4,820,137	0	0
CME GROUP INC	Common Stock	12572Q105	5,777	76,039	SH		DFND	0	76,039	0	0
CA INC	Common Stock	12673P105	5,720	199,787	SH		DFND	0	199,787	0	0
CABLEVISION SYS	Common Stock	12686C109	6,470	384,653	SH		DFND	0	384,653	0	0
CALPINE CORP	Common Stock	131347304	236	11,097	SH		DFND	0	11,097	0	0
CAMDEN PROPERTY TRUST	Common Stock	133131102	984	14,238	SH		DFND	0	14,238	0	0
CAPITALSOURCE IN	Common Stock	14055X102	103	10,992	SH		DFND	0	10,992	0	0
CENTURYLINK INC	Common Stock	156700106	5,538	156,661	SH		DFND	0	156,661	0	0
CHEVRON CORP	Common Stock	166764100	7,699	65,058	SH		DFND	0	65,058	0	0
CINCINNATI FINANCIAL CORP	Common Stock	172062101	5,614	122,314	SH		DFND	0	122,314	0	0
CLIFFS NATURAL RESOURCES	Common Stock	18683K101	5,228	321,712	SH		DFND	0	321,712	0	0
CIA SIDERURGICA NACIONAL	Common Stock	20440W105	94	33,934	SH		DFND	0	33,934	0	0
CIA DE MINAS BUENAVENTURA SA	Common Stock	204448104	156	10,548	SH		DFND	0	10,548	0	0
CONOCOPHILLIPS	Common Stock	20825C104	6,256	103,411	SH		DFND	0	103,411	0	0
DCP MIDSTREAM PARTNERS LP	Common Stock	23311P100	158,254	2,925,216	SH		DFND	0	2,925,216	0	0
DEERE & CO	Common Stock	244199105	2,647	32,574	SH		DFND	0	32,574	0	0
DIAMOND OFFSHORE	Common Stock	25271C102	5,780	84,030	SH		DFND	0	84,030	0	0
DICE HOLDINGS IN	Common Stock	253017107	101	10,920	SH		DFND	0	10,920	0	0
DIGITAL REALTY TRUST INC	Common Stock	253868103	1,517	24,872	SH		DFND	0	24,872	0	0
DOUGLAS EMMETT INC	Common Stock	25960P109	552	22,114	SH		DFND	0	22,114	0	0
THE DOW CHEMICAL CO	Common Stock	260543103	5,341	166,012	SH		DFND	0	166,012	0	0
EI DU PONT DE NEMOURS CO	Common Stock	263534109	5,627	107,184	SH		DFND	0	107,184	0	0
EMC CORP/MASSACHUSETTS	Common Stock	268648102	317	13,422	SH		DFND	0	13,422	0	0
8X8 INC	Common Stock	282914100	124	15,050	SH		DFND	0	15,050	0	0
EL PASO PIPELINE PARTNERS LP	Common Stock	283702108	277,956	6,364,916	SH		DFND	0	6,364,916	0	0
ENBRIDGE ENERGY PARTNERS LP	Common Stock	29250R106	320,370	10,507,377	SH		DFND	0	10,507,377	0	0
ENERGY TRANSFER PARTNERS LP	Common Stock	29273R109	489,220	9,679,866	SH		DFND	0	9,679,866	0	0
ENTERGY CORP	Common Stock	29364G103	5,749	82,505	SH		DFND	0	82,505	0	0
ENTERPRISE PRODUCTS PARTNERS L	Common Stock	293792107	675,760	10,873,057	SH		DFND	0	10,873,057	0	0
EQUITY RESIDENTIAL	Common Stock	29476L107	3,131	53,922	SH		DFND	0	53,922	0	0
EXELON CORP	Common Stock	30161N101	5,694	184,379	SH		DFND	0	184,379	0	0
EXXON MOBIL CORP	Common Stock	30231G102	3,675	40,678	SH		DFND	0	40,678	0	0
FEDERAL REALTY INVESTMNT	Common Stock	313747206	1,133	10,930	SH		DFND	0	10,930	0	0
FREEPORT-MCMORAN	Common Stock	35671D857	760	27,543	SH		DFND	0	27,543	0	0
FRONTIER COMMUNICATIONS CORP	Common Stock	35906A108	5,406	1,334,884	SH		DFND	0	1,334,884	0	0
GANNETT CO	Common Stock	364730101	5,526	225,918	SH		DFND	0	225,918	0	0
GENERAL GROWTH PROPERTIES	Common Stock	370023103	1,504	75,717	SH		DFND	0	75,717	0	0
GENESIS ENERGY LP	Common Stock	371927104	176,772	3,410,620	SH		DFND	0	3,410,620	0	0
GERDAU SA -SPON ADR	Common Stock	373737105	155	27,155	SH		DFND	0	27,155	0	0
GOLD FIELDS LTD	Common Stock	38059T106	144	28,056	SH		DFND	0	28,056	0	0
HCP INC	Common Stock	40414L109	9,043	199,012	SH		DFND	0	199,012	0	0
HALLIBURTON CO	Common Stock	406216101	427	10,232	SH		DFND	0	10,232	0	0
HEALTH CARE REIT INC	Common Stock	42217K106	8,559	127,693	SH		DFND	0	127,693	0	0
HECLA MINING CO	Common Stock	422704106	31	10,462	SH		DFND	0	10,462	0	0
HIGHER ONE HOLDINGS INC	Common Stock	42983D104	133	11,445	SH		DFND	0	11,445	0	0
HOLOGIC INC	Common Stock	436440101	209	10,839	SH		DFND	0	10,839	0	0
HOST HOTELS & RESORTS INC	Common Stock	44107P104	2,060	122,135	SH		DFND	0	122,135	0	0
HUNTINGTON BANCSHARES INC	Common Stock	446150104	111	14,070	SH		DFND	0	14,070	0	0
INTEL CORP	Common Stock	458140100	5,602	231,278	SH		DFND	0	231,278	0	0
ISHARES MSCI BRAZIL CAPPED FUND	ETF	464286400	2,332	53,161	SH		DFND	0	53,161	0	0
ISHARES CORE S&P 500 ETF	ETF	464287200	2,826	17,553	SH		DFND	0	17,553	0	0
ISHARES IBOXX $ HIGH YIELD COR	ETF	464288513	2,889	31,793	SH		DFND	0	31,793	0	0
JOHNSON & JOHNSON	Common Stock	478160104	5,713	66,536	SH		DFND	0	66,536	0	0
KIMCO REALTY CORP	Common Stock	49446R109	1,468	68,501	SH		DFND	0	68,501	0	0
KINDER MORGAN ENERGY PARTNERS L.P.	Common Stock	494550106	661,150	7,741,805	SH		DFND	0	7,741,805	0	0
KINDER MORGAN INC	Common Stock	49456B101	5,831	152,836	SH		DFND	0	152,836	0	0
LSI CORP	Common Stock	502161102	108	15,136	SH		DFND	0	15,136	0	0
LEAPFROG ENTERPRISES INC	Common Stock	52186N106	119	12,060	SH		DFND	0	12,060	0	0
LEGGETT & PLATT INC	Common Stock	524660107	5,439	174,946	SH		DFND	0	174,946	0	0
LIBERTY PROPERTY TRUST	Common Stock	531172104	744	20,134	SH		DFND	0	20,134	0	0
ELI LILLY & CO	Common Stock	532457108	5,329	108,492	SH		DFND	0	108,492	0	0
LOCKHEED MARTIN	Common Stock	539830109	5,688	52,442	SH		DFND	0	52,442	0	0
LORILLARD INC	Common Stock	544147101	5,618	128,626	SH		DFND	0	128,626	0	0
MACERICH CO/THE	Common Stock	554382101	1,405	23,048	SH		DFND	0	23,048	0	0
MAGELLAN MIDSTREAM PARTNERS LP	Common Stock	559080106	503,339	9,235,576	SH		DFND	0	9,235,576	0	0
MARKET VECTORS INDONESIA IND	ETF	57060U753	5,279	182,473	SH		DFND	0	182,473	0	0
MARKWEST ENERGY PARTNERS LP	Common Stock	570759100	443,736	6,637,787	SH		DFND	0	6,637,787	0	0
MEADWESTVACO COR	Common Stock	583334107	5,391	158,040	SH		DFND	0	158,040	0	0
MECHEL-SPONSORED ADR	Common Stock	583840103	32	11,126	SH		DFND	0	11,126	0	0
MERCK & CO INC	Common Stock	58933Y105	5,472	117,799	SH		DFND	0	117,799	0	0
MICROCHIP TECH	Common Stock	595017104	5,678	152,423	SH		DFND	0	152,423	0	0
MONSANTO CO	Common Stock	61166W101	4,357	44,100	SH		DFND	0	44,100	0	0
MOSAIC CO/THE	Common Stock	61945C103	1,209	22,465	SH		DFND	0	22,465	0	0
NEWMONT MINING CORP	Common Stock	651639106	805	26,888	SH		DFND	0	26,888	0	0
NORTHROP GRUMMAN CORP	Common Stock	666807102	5,642	68,146	SH		DFND	0	68,146	0	0
NUCOR CORP	Common Stock	670346105	5,782	133,464	SH		DFND	0	133,464	0	0
NUSTAR ENERGY LP	Common Stock	67058H102	150,501	3,296,839	SH		DFND	0	3,296,839	0	0
ONEOK PARTNERS LP	Common Stock	68268N103	318,165	6,424,974	SH		DFND	0	6,424,974	0	0
PVR PARTNERS LP	Common Stock	693665101	133,464	4,888,774	SH		DFND	0	4,888,774	0	0
PAYCHEX INC	Common Stock	704326107	5,665	155,133	SH		DFND	0	155,133	0	0
PEABODY ENERGY CORP	Common Stock	704549104	170	11,584	SH		DFND	0	11,584	0	0
PEOPLE'S UNITED	Common Stock	712704105	6,114	410,369	SH		DFND	0	410,369	0	0
PEPCO HOLDINGS	Common Stock	713291102	5,613	278,430	SH		DFND	0	278,430	0	0
PETROLEO BRASILEIRO SA - ADR	Common Stock	71654V101	530	39,165	SH		DFND	0	39,165	0	0
PFIZER INC	Common Stock	717081103	5,438	194,141	SH		DFND	0	194,141	0	0
PITNEY BOWES INC	Common Stock	724479100	5,789	394,373	SH		DFND	0	394,373	0	0
PLAINS ALL AMERICAN PIPELINE L	Common Stock	726503105	481,810	8,633,036	SH		DFND	0	8,633,036	0	0
PROLOGIS INC	Common Stock	74340W103	3,130	82,984	SH		DFND	0	82,984	0	0
PUBLIC STORAGE	Common Stock	74460D109	3,711	24,202	SH		DFND	0	24,202	0	0
QUANTA SERVICES	Common Stock	74762E102	306	11,556	SH		DFND	0	11,556	0	0
RAYTHEON CO	Common Stock	755111507	5,541	83,797	SH		DFND	0	83,797	0	0
REALTY INCOME CORP	Common Stock	756109104	1,366	32,593	SH		DFND	0	32,593	0	0
REGENCY CENTERS CORP	Common Stock	758849103	769	15,126	SH		DFND	0	15,126	0	0
REGENCY ENERGY PARTNERS LP	Common Stock	75885Y107	198,198	7,348,818	SH		DFND	0	7,348,818	0	0
REYNOLDS AMERICAN INC	Common Stock	761713106	5,640	116,611	SH		DFND	0	116,611	0	0
SL GREEN REALTY	Common Stock	78440X101	1,350	15,312	SH		DFND	0	15,312	0	0
SPDR TRUST SERIES 1	ETF	78462F103	2,825	17,657	SH		DFND	0	17,657	0	0
SAFEWAY INC	Common Stock	786514208	5,485	231,839	SH		DFND	0	231,839	0	0
SCHLUMBERGER LTD	Common Stock	806857108	845	11,795	SH		DFND	0	11,795	0	0
MATERIALS SELECT SECTOR SPDR	Common Stock	81369Y100	10,208	266,258	SH		DFND	0	266,258	0	0
SIMON PROPERTY	Common Stock	828806109	4,241	26,855	SH		DFND	0	26,855	0	0
SIRIUS XM RADIO INC	Common Stock	82967N108	108	32,197	SH		DFND	0	32,197	0	0
SMITH & WESSON H	Common Stock	831756101	104	10,430	SH		DFND	0	10,430	0	0
SOUTHERN COPPER CORP	Common Stock	84265V105	295	10,681	SH		DFND	0	10,681	0	0
SPECTRA ENERGY CORP	Common Stock	847560109	5,870	170,338	SH		DFND	0	170,338	0	0
SPECTRAENERGY PARTNERS LP	Common Stock	84756N109	106,976	2,325,563	SH		DFND	0	2,325,563	0	0
STERLITE INDUSTRIES INDIA	Common Stock	859737207	107	18,283	SH		DFND	0	18,283	0	0
SUNOCO LOGISTICS PARTNERS LP	Common Stock	86764L108	227,013	3,549,849	SH		DFND	0	3,549,849	0	0
SYNERGY RESOURCES CORP	Common Stock	87164P103	112	15,330	SH		DFND	0	15,330	0	0
TC PIPELINES LP	Common Stock	87233Q108	110,484	2,288,408	SH		DFND	0	2,288,408	0	0
TECO ENERGY INC	Common Stock	872375100	5,601	325,828	SH		DFND	0	325,828	0	0
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	Common Stock	874039100	560	30,570	SH		DFND	0	30,570	0	0
TANGER FACTORY OUTLET	Common Stock	875465106	527	15,748	SH		DFND	0	15,748	0	0
TARGA RESOURCES PARTNERS LP	Common Stock	87611X105	228,353	4,526,330	SH		DFND	0	4,526,330	0	0
TASER INTERNATIONAL INC	Common Stock	87651B104	110	12,915	SH		DFND	0	12,915	0	0
TESORO LOGISTICS LP	Common Stock	88160T107	88,577	1,465,057	SH		DFND	0	1,465,057	0	0
UDR INC	Common Stock	902653104	1,067	41,877	SH		DFND	0	41,877	0	0
UNITED MICROELECTRONICS CORP ADR	Common Stock	910873405	47	20,355	SH		DFND	0	20,355	0	0
VALE SA - ADR	Common Stock	91912E105	991	75,325	SH		DFND	0	75,325	0	0
VENTAS INC	Common Stock	92276F100	3,405	49,023	SH		DFND	0	49,023	0	0
VANGUARD S&P 500 ETF	Common Stock	922908413	2,830	38,556	SH		DFND	0	38,556	0	0
VERIZON COMMUNICATIONS	Common Stock	92343V104	5,566	110,562	SH		DFND	0	110,562	0	0
VORNADO REALTY TRUST	Common Stock	929042109	2,355	28,429	SH		DFND	0	28,429	0	0
WABASH NATIONAL CORP	Common Stock	929566107	110	10,850	SH		DFND	0	10,850	0	0
WASTE MANAGEMENT INC	Common Stock	94106L109	5,740	142,333	SH		DFND	0	142,333	0	0
WEINGARTEN REALTY INV	Common Stock	948741103	575	18,671	SH		DFND	0	18,671	0	0
WESTERN GAS PARTNERS LP	Common Stock	958254104	202,027	3,113,379	SH		DFND	0	3,113,379	0	0
WILLIAMS PARTNERS LP	Common Stock	96950F104	299,704	5,808,209	SH		DFND	0	5,808,209	0	0
WINDSTREAM CORP	Common Stock	97381W104	5,239	679,498	SH		DFND	0	679,498	0	0
BUNGE LTD	Common Stock	G16962105	1,014	14,330	SH		DFND	0	14,330	0	0
SEAGATE TECHNOLOGY	Common Stock	G7945M107	5,934	132,366	SH		DFND	0	132,366	0	0
AGCO CORP	Common Stock	001084102	368	7,340	SH		DFND	0	7,340	0	0
ADT CORP/THE	Common Stock	00101J106	219	5,506	SH		DFND	0	5,506	0	0
ALLIANT ENERGY	Common Stock	018802108	229	4,533	SH		DFND	0	4,533	0	0
AMERICAN TOWER CORP	Common Stock	03027X100	212	2,902	SH		DFND	0	2,902	0	0
ANADARKO PETROLEUM CORP	Common Stock	032511107	380	4,422	SH		DFND	0	4,422	0	0
APACHE CORP	Common Stock	037411105	290	3,459	SH		DFND	0	3,459	0	0
BAIDU.COM	Common Stock	056752108	213	2,248	SH		DFND	0	2,248	0	0
CF INDUSTRIES HOLDINGS	Common Stock	125269100	914	5,331	SH		DFND	0	5,331	0	0
CNOOC LTD - ADR	Common Stock	126132109	223	1,331	SH		DFND	0	1,331	0	0
CAMERON INTERNATIONAL CRP	Common Stock	13342B105	230	3,754	SH		DFND	0	3,754	0	0
CARPENTER TECHNOLOGY CORP	Common Stock	144285103	310	6,873	SH		DFND	0	6,873	0	0
CATAMARAN CORP	Common Stock	148887102	227	4,652	SH		DFND	0	4,652	0	0
CHINA MOBILE HK LTD - SP ADR	Common Stock	16941M109	449	8,673	SH		DFND	0	8,673	0	0
CHURCH & DWIGHT CO INC	Common Stock	171340102	333	5,397	SH		DFND	0	5,397	0	0
COBALT INTERNATIONAL ENERGY IN	Common Stock	19075F106	229	8,633	SH		DFND	0	8,633	0	0
THE COCA-COLA CO	Common Stock	191216100	222	5,525	SH		DFND	0	5,525	0	0
COGNIZANT TECH-A	Common Stock	192446102	298	4,766	SH		DFND	0	4,766	0	0
COMCAST CORP	Common Stock	20030N101	233	5,574	SH		DFND	0	5,574	0	0
CONAGRA FOODS INC	Common Stock	205887102	235	6,731	SH		DFND	0	6,731	0	0
CROWN CASTLE INTERNATIONAL COR	Common Stock	228227104	229	3,169	SH		DFND	0	3,169	0	0
CYTEC INDS	Common Stock	232820100	236	3,218	SH		DFND	0	3,218	0	0
DST SYSTEMS INC	Common Stock	233326107	217	3,315	SH		DFND	0	3,315	0	0
DUKE ENERGY CORP	Common Stock	26441C204	225	3,331	SH		DFND	0	3,331	0	0
EOG RESOURCES INC	Common Stock	26875P101	317	2,405	SH		DFND	0	2,405	0	0
EDISON INTERNATIONAL	Common Stock	281020107	235	4,883	SH		DFND	0	4,883	0	0
ESSEX PROPERTY	Common Stock	297178105	1,015	6,389	SH		DFND	0	6,389	0	0
EXPEDIA INC	Common Stock	30212P303	235	3,912	SH		DFND	0	3,912	0	0
FACEBOOK INC - A	Common Stock	30303M102	234	9,419	SH		DFND	0	9,419	0	0
FEDEX CORP	Common Stock	31428X106	227	2,307	SH		DFND	0	2,307	0	0
FOOT LOCKER INC	Common Stock	344849104	334	9,494	SH		DFND	0	9,494	0	0
IDEXX LABS	Common Stock	45168D104	344	3,836	SH		DFND	0	3,836	0	0
INGREDION INC	Common Stock	457187102	505	7,702	SH		DFND	0	7,702	0	0
JONES LANG LASAL	Common Stock	48020Q107	226	2,480	SH		DFND	0	2,480	0	0
JOY GLOBAL INC	Common Stock	481165108	286	5,902	SH		DFND	0	5,902	0	0
LIBERTY INTERACTIVE CORP	Common Stock	53071M104	225	9,785	SH		DFND	0	9,785	0	0
LIBERTY MEDIA CORP	Common Stock	531229102	229	1,803	SH		DFND	0	1,803	0	0
MADISON SQUARE GARDEN COMPANY	Common Stock	55826P100	227	3,832	SH		DFND	0	3,832	0	0
MARATHON OIL CORP	Common Stock	565849106	216	6,260	SH		DFND	0	6,260	0	0
MEDIVATION INC	Common Stock	58501N101	227	4,613	SH		DFND	0	4,613	0	0
NRG ENERGY	Common Stock	629377508	235	8,820	SH		DFND	0	8,820	0	0
NATL OILWELL VAR	Common Stock	637071101	263	3,815	SH		DFND	0	3,815	0	0
NEWFIELD EXPLORATION CO	Common Stock	651290108	225	9,428	SH		DFND	0	9,428	0	0
NEXTERA ENERGY INC	Common Stock	65339F101	239	2,936	SH		DFND	0	2,936	0	0
NOBLE ENERGY INC	Common Stock	655044105	295	4,914	SH		DFND	0	4,914	0	0
OCCIDENTAL PETROLEUM CORP	Common Stock	674599105	629	7,050	SH		DFND	0	7,050	0	0
PEPSICO INC/NC	Common Stock	713448108	335	4,098	SH		DFND	0	4,098	0	0
QEP RESOURCES INC	Common Stock	74733V100	218	7,854	SH		DFND	0	7,854	0	0
REPUBLIC SVCS	Common Stock	760759100	222	6,538	SH		DFND	0	6,538	0	0
ROYAL GOLD INC	Common Stock	780287108	272	6,467	SH		DFND	0	6,467	0	0
SBA COMMUNICATIONS CORP	Common Stock	78388J106	222	2,996	SH		DFND	0	2,996	0	0
QUIMICA Y MINERA CHIL-SP	Common Stock	833635105	398	9,843	SH		DFND	0	9,843	0	0
TELEFLEX INC	Common Stock	879369106	224	2,896	SH		DFND	0	2,896	0	0
WAL-MART STORES INC	Common Stock	931142103	326	4,370	SH		DFND	0	4,370	0	0
WHITING PETROLEU	Common Stock	966387102	222	4,825	SH		DFND	0	4,825	0	0
ENSCO PLC CL A	Common Stock	G3157S106	223	3,833	SH		DFND	0	3,833	0	0
VALIDUS HOLDINGS LTD	Common Stock	G9319H102	224	6,197	SH		DFND	0	6,197	0	0