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
Buckeye Partners LP MLP	Common Stock	118230101	710	10,001	SH		DFND		10,001	0	0
Centerpoint Energy	Common Stock	15189T107	399	17,210	SH		DFND		17,210	0	0
Dominion Resources	Common Stock	25746U109	404	6,241	SH		DFND		6,241	0	0
Enbridge Inc. DL	Common Stock	29250N956	989	22,641	SH		DFND		22,641	0	0
Energy Transfer MLP	Common Stock	29273R109	714	12,466	SH		DFND		12,466	0	0
Enterprise Prods. LP MLP	Common Stock	293792107	715	10,785	SH		DFND		10,785	0	0
Greenhaven Cont Cmdt ETF	ETF	395258106	21,755	845,181	SH		DFND		845,181	0	0
iShs Barclays TIPS ETF	ETF	464287176	23,802	216,578	SH		DFND		216,578	0	0
iShs Core S&P 500 ETF	ETF	464287200	125,620	676,649	SH		DFND		676,649	0	0
iShs MSCI EAFE SC ETF	ETF	464288273	19,168	375,985	SH		DFND		375,985	0	0
iShs S&P MidCap 400 ETF	ETF	464287507	65,317	488,025	SH		DFND		488,025	0	0
Kinder Morgan Inc	Common Stock	49456B101	864	23,995	SH		DFND		23,995	0	0
Magellan Midstream MLP	Common Stock	559080106	701	11,072	SH		DFND		11,072	0	0
Markwest Energy Part MLP	Common Stock	570759100	676	10,220	SH		DFND		10,220	0	0
New Jersey Resources	Common Stock	646025106	408	8,824	SH		DFND		8,824	0	0
NiSource Inc	Common Stock	65473P105	419	12,739	SH		DFND		12,739	0	0
OGE Energy Corp	Common Stock	670837103	399	11,762	SH		DFND		11,762	0	0
Oneok Inc	Common Stock	682680103	838	13,473	SH		DFND		13,473	0	0
Pembina Pipeline	Common Stock	706327954	585	16,615	SH		DFND		16,615	0	0
PIMCO Enhan Shrt Mat ETF	ETF	72201R833	9,023	89,070	SH		DFND		89,070	0	0
Plains GP Holdings Class A - MLP	Common Stock	72651A108	884	33,021	SH		DFND		33,021	0	0
Questar Corp	Common Stock	748356102	403	17,525	SH		DFND		17,525	0	0
SemGroup Corp Class A	Common Stock	81663A105	865	13,266	SH		DFND		13,266	0	0
SPDR BC HY Bond ETF	ETF	78464A417	12,424	306,310	SH		DFND		306,310	0	0
Spectra Energy Corp.	Common Stock	847560109	843	23,663	SH		DFND		23,663	0	0
Targa Resources Corp	Common Stock	87612G101	886	10,050	SH		DFND		10,050	0	0
TransCanada Corp. DL	Common Stock	89353D958	968	21,192	SH		DFND		21,192	0	0
Vgrd FTSE Emerge Mkt ETF	ETF	922042858	29,756	723,286	SH		DFND		723,286	0	0
Vgrd MSCI EAFE ETF	ETF	921943858	79,032	1,896,160	SH		DFND		1,896,160	0	0
Vgrd REIT ETF	ETF	922908553	11,189	173,319	SH		DFND		173,319	0	0
Vgrd Short-Term Bond ETF	ETF	921937827	98,209	1,228,689	SH		DFND		1,228,689	0	0
Vgrd Small-Cap ETF	ETF	922908751	37,253	338,822	SH		DFND		338,822	0	0
Vgrd Total Bond Mkt ETF	ETF	921937835	102,171	1,277,299	SH		DFND		1,277,299	0	0
Western Gas Partners MLP	Common Stock	958254104	690	11,190	SH		DFND		11,190	0	0
Williams Cos Inc	Common Stock	969457100	856	22,206	SH		DFND		22,206	0	0
AAON INC	Common Stock	000360206	569	19,174	SH		DFND		19,174	0	0
AGCO CORP	Common Stock	001084102	840	15,756	SH		DFND		15,756	0	0
AES CORPORATION 8 10/15/2017	Common Stock	00130HBH7	7,557	6,459,000	SH		DFND		6,459,000	0	0
AT&T INC	Common Stock	00206R102	9,774	293,338	SH		DFND		293,338	0	0
AU OPTRONICS CORP-SPON ADR	Common Stock	002255107	29	10,406	SH		DFND		10,406	0	0
ABBVIE INC	Common Stock	00287Y109	9,335	189,613	SH		DFND		189,613	0	0
ACCESS MIDSTREAM PARTNERS LP	Common Stock	00434L109	269,076	4,800,637	SH		DFND		4,800,637	0	0
ADVANCED SEMICONDUCTOR E-ADR	Common Stock	00756M404	63	13,856	SH		DFND		13,856	0	0
AKORN INC	Common Stock	009728106	595	26,204	SH		DFND		26,204	0	0
ALCOA INC	Common Stock	013817101	243	21,077	SH		DFND		21,077	0	0
ALEXANDRIA REAL ESTATE EQUIT	Common Stock	015271109	790	11,265	SH		DFND		11,265	0	0
ALTRIA GROUP INC	Common Stock	02209S103	9,425	267,612	SH		DFND		267,612	0	0
AMBAC FINANCIAL GROUP INC	Common Stock	023139884	576	24,560	SH		DFND		24,560	0	0
AMERICAN AIRLINES GROUP INC	Common Stock	02376R102	884	26,358	SH		DFND		26,358	0	0
AMERICAN CAMPUS COMMUNITIES	Common Stock	024835100	646	18,598	SH		DFND		18,598	0	0
AMERICAN EQUITY INVT LIFE HL	Common Stock	025676206	511	23,286	SH		DFND		23,286	0	0
AMERICAN PUBLIC EDUCATION	Common Stock	02913V103	536	12,662	SH		DFND		12,662	0	0
AMERICAN RAILCAR INDUSTRIES	Common Stock	02916P103	640	13,088	SH		DFND		13,088	0	0
AMERICAN STATES WATER CO	Common Stock	029899101	527	18,562	SH		DFND		18,562	0	0
AMERICAN VANGUARD CORP	Common Stock	030371108	482	20,730	SH		DFND		20,730	0	0
AMTRUST FINANCIAL SERVICES	Common Stock	032359309	408	12,650	SH		DFND		12,650	0	0
ANADARKO PETROLEUM CORP	Common Stock	032511107	819	10,148	SH		DFND		10,148	0	0
ANGLOGOLD ASHANTI-SPON ADR	Common Stock	035128206	241	16,471	SH		DFND		16,471	0	0
ANIKA THERAPEUTICS INC	Common Stock	035255108	679	20,406	SH		DFND		20,406	0	0
ANN INC	Common Stock	035623107	433	13,386	SH		DFND		13,386	0	0
APOLLO GLOBAL MANAGEMENT - A	Common Stock	037612306	536	16,520	SH		DFND		16,520	0	0
APOLLO COMMERCIAL REAL ESTAT	Common Stock	03762U105	524	31,171	SH		DFND		31,171	0	0
ARCHER-DANIELS-MIDLAND CO	Common Stock	039483102	2,134	54,050	SH		DFND		54,050	0	0
ASPEN TECHNOLOGY INC	Common Stock	045327103	637	13,974	SH		DFND		13,974	0	0
ATLAS PIPELINE PARTNERS LP	Common Stock	049392103	132,316	3,958,001	SH		DFND		3,958,001	0	0
AUXILIUM PHARMACEUTICALS INC	Common Stock	05334D107	686	26,801	SH		DFND		26,801	0	0
AVALONBAY COMMUNITIES INC	Common Stock	053484101	2,407	19,488	SH		DFND		19,488	0	0
AXIALL CORP	Common Stock	05463D100	496	12,440	SH		DFND		12,440	0	0
BB&T CORP	Common Stock	054937107	10,510	280,951	SH		DFND		280,951	0	0
BABCOCK & WILCOX CO/THE	Common Stock	05615F102	494	14,400	SH		DFND		14,400	0	0
BANK OF THE OZARKS	Common Stock	063904106	665	10,494	SH		DFND		10,494	0	0
BANKUNITED INC	Common Stock	06652K103	494	15,880	SH		DFND		15,880	0	0
BAXTER INTERNATIONAL INC	Common Stock	071813109	10,232	149,805	SH		DFND		149,805	0	0
BERKSHIRE HILLS BANCORP INC	Common Stock	084680107	484	19,794	SH		DFND		19,794	0	0
H&R BLOCK INC	Common Stock	093671105	604	19,854	SH		DFND		19,854	0	0
BOARDWALK PIPELINE PARTNERS	Common Stock	096627104	156,272	6,347,355	SH		DFND		6,347,355	0	0
BOSTON PROPERTIES INC	Common Stock	101121101	2,623	24,265	SH		DFND		24,265	0	0
BROADRIDGE FINANCIAL SOLUTIO	Common Stock	11133T103	570	15,702	SH		DFND		15,702	0	0
BRUNSWICK CORP	Common Stock	117043109	500	12,052	SH		DFND		12,052	0	0
BUCKEYE PARTNERS LP	Common Stock	118230101	410,982	5,630,658	SH		DFND		5,630,658	0	0
C&J ENERGY SERVICES INC	Common Stock	12467B304	539	23,047	SH		DFND		23,047	0	0
CAI INTERNATIONAL INC	Common Stock	12477X106	434	20,982	SH		DFND		20,982	0	0
CBOE HOLDINGS INC	Common Stock	12503M108	565	10,870	SH		DFND		10,870	0	0
CSX CORP	Common Stock	126408103	497	18,464	SH		DFND		18,464	0	0
CVR ENERGY INC	Common Stock	12662P108	457	12,319	SH		DFND		12,319	0	0
CVR PARTNERS LP	Common Stock	126633106	469	26,374	SH		DFND		26,374	0	0
CVR REFINING LP	Common Stock	12663P107	428	19,119	SH		DFND		19,119	0	0
CA INC	Common Stock	12673P105	9,849	307,013	SH		DFND		307,013	0	0
CABLEVISION SYSTEMS-NY GRP-A	Common Stock	12686C109	9,771	609,162	SH		DFND		609,162	0	0
CABOT OIL & GAS CORP	Common Stock	127097103	649	16,244	SH		DFND		16,244	0	0
CADENCE DESIGN SYS INC	Common Stock	127387108	562	39,767	SH		DFND		39,767	0	0
CALAMP CORP	Common Stock	128126109	845	28,653	SH		DFND		28,653	0	0
CAMDEN PROPERTY TRUST	Common Stock	133131102	907	14,677	SH		DFND		14,677	0	0
CARDINAL FINANCIAL CORP	Common Stock	14149F109	469	27,531	SH		DFND		27,531	0	0
CARDTRONICS INC	Common Stock	14161H108	517	13,414	SH		DFND		13,414	0	0
CARRIZO OIL & GAS INC	Common Stock	144577103	549	13,354	SH		DFND		13,354	0	0
CENTURYLINK INC	Common Stock	156700106	9,324	323,086	SH		DFND		323,086	0	0
CHEVRON CORP	Common Stock	166764100	1,825	16,349	SH		DFND		16,349	0	0
CHINA MOBILE LTD-SPON ADR	Common Stock	16941M109	581	12,147	SH		DFND		12,147	0	0
CINCINNATI FINANCIAL CORP	Common Stock	172062101	9,392	193,858	SH		DFND		193,858	0	0
CIRRUS LOGIC INC	Common Stock	172755100	376	21,485	SH		DFND		21,485	0	0
CISCO SYSTEMS INC	Common Stock	17275R102	434	19,822	SH		DFND		19,822	0	0
COMCAST CORP-CLASS A	Common Stock	20030N101	605	11,106	SH		DFND		11,106	0	0
COMMERCE BANCSHARES INC	Common Stock	200525103	518	11,912	SH		DFND		11,912	0	0
COMMUNITY BANK SYSTEM INC	Common Stock	203607106	519	14,578	SH		DFND		14,578	0	0
CIA SIDERURGICA NACL-SP ADR	Common Stock	20440W105	139	29,938	SH		DFND		29,938	0	0
CIA DE MINAS BUENAVENTUR-ADR	Common Stock	204448104	140	11,258	SH		DFND		11,258	0	0
CONOCOPHILLIPS	Common Stock	20825C104	9,956	153,293	SH		DFND		153,293	0	0
COOPER TIRE & RUBBER	Common Stock	216831107	368	15,724	SH		DFND		15,724	0	0
CRESTWOOD EQUITY PARTNERS LP	Common Stock	226344109	479	36,820	SH		DFND		36,820	0	0
CRESTWOOD MIDSTREAM PARTNERS	Common Stock	226378107	182,513	7,900,998	SH		DFND		7,900,998	0	0
DCP MIDSTREAM PARTNERS LP	Common Stock	23311P100	183,153	3,646,280	SH		DFND		3,646,280	0	0
DARDEN RESTAURANTS INC	Common Stock	237194105	9,507	192,284	SH		DFND		192,284	0	0
DEERE & CO	Common Stock	244199105	3,260	37,923	SH		DFND		37,923	0	0
DELEK US HOLDINGS INC	Common Stock	246647101	681	22,484	SH		DFND		22,484	0	0
DELUXE CORP	Common Stock	248019101	590	12,144	SH		DFND		12,144	0	0
DIAMOND OFFSHORE DRILLING	Common Stock	25271C102	8,579	176,746	SH		DFND		176,746	0	0
DIGITAL REALTY TRUST INC	Common Stock	253868103	1,045	20,492	SH		DFND		20,492	0	0
DOUGLAS EMMETT INC	Common Stock	25960P109	527	20,726	SH		DFND		20,726	0	0
DOW CHEMICAL CO/THE	Common Stock	260543103	10,881	239,098	SH		DFND		239,098	0	0
DU PONT (E.I.) DE NEMOURS	Common Stock	263534109	10,053	164,782	SH		DFND		164,782	0	0
EMC CORP/MA	Common Stock	268648102	505	20,843	SH		DFND		20,843	0	0
EPL OIL & GAS INC	Common Stock	26883D108	375	13,966	SH		DFND		13,966	0	0
EAST WEST BANCORP INC	Common Stock	27579R104	547	16,344	SH		DFND		16,344	0	0
EL PASO PIPELINE PARTNERS LP	Common Stock	283702108	225,448	6,871,320	SH		DFND		6,871,320	0	0
ELLIE MAE INC	Common Stock	28849P100	410	15,702	SH		DFND		15,702	0	0
ELLINGTON FINANCIAL LLC	Common Stock	288522303	520	21,964	SH		DFND		21,964	0	0
EMPLOYERS HOLDINGS INC	Common Stock	292218104	412	16,776	SH		DFND		16,776	0	0
ENBRIDGE ENERGY PARTNERS LP	Common Stock	29250R106	329,311	11,208,693	SH		DFND		11,208,693	0	0
ENERGY TRANSFER PARTNERS LP	Common Stock	29273R109	574,477	10,349,076	SH		DFND		10,349,076	0	0
ENTERGY CORP	Common Stock	29364G103	10,228	162,266	SH		DFND		162,266	0	0
ENTERPRISE PRODUCTS PARTNERS	Common Stock	293792107	806,822	12,154,597	SH		DFND		12,154,597	0	0
ENTRAVISION COMMUNICATIONS-A	Common Stock	29382R107	562	93,179	SH		DFND		93,179	0	0
EPAM SYSTEMS INC	Common Stock	29414B104	583	14,244	SH		DFND		14,244	0	0
EQUITY RESIDENTIAL	Common Stock	29476L107	2,970	53,622	SH		DFND		53,622	0	0
EXELON CORP	Common Stock	30161N101	10,394	358,406	SH		DFND		358,406	0	0
EXPRESS INC	Common Stock	30219E103	375	21,662	SH		DFND		21,662	0	0
Exterran Partners LP	Common Stock	30225N105	521	17,438	SH		DFND		17,438	0	0
EXXON MOBIL CORP	Common Stock	30231G102	3,412	37,019	SH		DFND		37,019	0	0
FLIR SYSTEMS INC	Common Stock	302445101	490	15,446	SH		DFND		15,446	0	0
FEDERAL REALTY INVS TRUST	Common Stock	313747206	1,137	10,433	SH		DFND		10,433	0	0
FEDERAL SIGNAL CORP	Common Stock	313855108	474	38,476	SH		DFND		38,476	0	0
FIDELITY NATIONAL FINL-A	Common Stock	31620R105	593	18,790	SH		DFND		18,790	0	0
FIFTH THIRD BANCORP	Common Stock	316773100	555	26,394	SH		DFND		26,394	0	0
FIRST REPUBLIC BANK/CA	Common Stock	33616C100	509	10,494	SH		DFND		10,494	0	0
FIRSTMERIT CORP	Common Stock	337915102	470	23,098	SH		DFND		23,098	0	0
FIRSTENERGY CORP	Common Stock	337932107	9,859	313,071	SH		DFND		313,071	0	0
FLOTEK INDUSTRIES INC	Common Stock	343389102	482	22,400	SH		DFND		22,400	0	0
FLOWERS FOODS INC	Common Stock	343498101	473	22,576	SH		DFND		22,576	0	0
FOOT LOCKER INC	Common Stock	344849104	564	14,621	SH		DFND		14,621	0	0
FOX FACTORY HOLDING CORP	Common Stock	35138V102	431	26,562	SH		DFND		26,562	0	0
FRANCESCAS HOLDINGS CORP	Common Stock	351793104	466	24,518	SH		DFND		24,518	0	0
FREEPORT-MCMORAN COPPER	Common Stock	35671D857	10,025	309,324	SH		DFND		309,324	0	0
FRONTIER COMMUNICATIONS CORP	Common Stock	35906A108	10,510	2,236,271	SH		DFND		2,236,271	0	0
FUTUREFUEL CORP	Common Stock	36116M106	435	26,578	SH		DFND		26,578	0	0
GAP INC/THE	Common Stock	364760108	443	11,630	SH		DFND		11,630	0	0
GENERAC HOLDINGS INC	Common Stock	368736104	564	11,718	SH		DFND		11,718	0	0
GENERAL ELECTRIC CO	Common Stock	369604103	9,297	369,937	SH		DFND		369,937	0	0
GENERAL GROWTH PROPERTIES	Common Stock	370023103	1,786	88,665	SH		DFND		88,665	0	0
GENESIS ENERGY L.P.	Common Stock	371927104	223,623	4,063,653	SH		DFND		4,063,653	0	0
GERDAU SA -SPON ADR	Common Stock	373737105	169	23,957	SH		DFND		23,957	0	0
GOLD RESOURCE CORP	Common Stock	38068T105	304	65,921	SH		DFND		65,921	0	0
GOODYEAR TIRE & RUBBER CO	Common Stock	382550101	526	22,212	SH		DFND		22,212	0	0
GRAND CANYON EDUCATION INC	Common Stock	38526M106	543	12,392	SH		DFND		12,392	0	0
HCP INC	Common Stock	40414L109	2,853	72,885	SH		DFND		72,885	0	0
HCI GROUP INC	Common Stock	40416E103	576	13,532	SH		DFND		13,532	0	0
HFF INC-CLASS A	Common Stock	40418F108	604	20,426	SH		DFND		20,426	0	0
HEALTHSOUTH CORP	Common Stock	421924309	448	14,400	SH		DFND		14,400	0	0
HEALTH CARE REIT INC	Common Stock	42217K106	2,660	45,922	SH		DFND		45,922	0	0
HEARTLAND PAYMENT SYSTEMS IN	Common Stock	42235N108	540	12,520	SH		DFND		12,520	0	0
HECLA MINING CO	Common Stock	422704106	47	15,370	SH		DFND		15,370	0	0
HEXCEL CORP	Common Stock	428291108	518	12,438	SH		DFND		12,438	0	0
HIGHWOODS PROPERTIES INC	Common Stock	431284108	532	14,331	SH		DFND		14,331	0	0
HOLLYFRONTIER CORP	Common Stock	436106108	548	11,841	SH		DFND		11,841	0	0
HOME BANCSHARES INC	Common Stock	436893200	496	16,099	SH		DFND		16,099	0	0
HORMEL FOODS CORP	Common Stock	440452100	505	11,114	SH		DFND		11,114	0	0
HOST HOTELS & RESORTS INC	Common Stock	44107P104	2,209	120,098	SH		DFND		120,098	0	0
HUNTINGTON BANCSHARES INC	Common Stock	446150104	520	57,332	SH		DFND		57,332	0	0
IDT CORP-CLASS B	Common Stock	448947507	485	28,544	SH		DFND		28,544	0	0
IGATE CORP	Common Stock	45169U105	601	17,817	SH		DFND		17,817	0	0
INGREDION INC	Common Stock	457187102	855	13,720	SH		DFND		13,720	0	0
INNOSPEC INC	Common Stock	45768S105	457	10,672	SH		DFND		10,672	0	0
INTEL CORP	Common Stock	458140100	10,031	408,743	SH		DFND		408,743	0	0
INTERDIGITAL INC	Common Stock	45867G101	381	13,268	SH		DFND		13,268	0	0
INTERNATIONAL PAPER CO	Common Stock	460146103	489	10,238	SH		DFND		10,238	0	0
INVENSENSE INC	Common Stock	46123D205	538	27,330	SH		DFND		27,330	0	0
IRON MOUNTAIN INC	Common Stock	462846106	8,891	336,649	SH		DFND		336,649	0	0
ISHARES MSCI SOUTH KOREA CAP	ETF	464286772	1,195	20,242	SH		DFND		20,242	0	0
iShares MSCI Taiwan ETF	ETF	464286731	206	15,166	SH		DFND		15,166	0	0
iShares MSCI Hong Kong ETF	ETF	464286871	600	31,366	SH		DFND		31,366	0	0
ISHARES CORE S&P 500 ETF	ETF	464287200	7,343	41,000	SH		DFND		41,000	0	0
ISHARES CHINA LARGE-CAP ETF	ETF	464287184	1,162	33,613	SH		DFND		33,613	0	0
KIMCO REALTY CORP	Common Stock	49446R109	1,367	65,379	SH		DFND		65,379	0	0
KINDER MORGAN ENERGY PRTNRS	Common Stock	494550106	745,558	9,380,451	SH		DFND		9,380,451	0	0
KINDER MORGAN INC	Common Stock	49456B101	10,636	312,732	SH		DFND		312,732	0	0
KODIAK OIL & GAS CORP	Common Stock	50015Q100	459	43,308	SH		DFND		43,308	0	0
KRAFT FOODS GROUP INC	Common Stock	50076Q106	9,881	188,756	SH		DFND		188,756	0	0
KROGER CO	Common Stock	501044101	439	12,152	SH		DFND		12,152	0	0
LEAPFROG ENTERPRISES INC	Common Stock	52186N106	368	51,702	SH		DFND		51,702	0	0
LEGGETT & PLATT INC	Common Stock	524660107	10,225	340,613	SH		DFND		340,613	0	0
LIBERTY PROPERTY TRUST	Common Stock	531172104	830	22,807	SH		DFND		22,807	0	0
LIGAND PHARMACEUTICALS	Common Stock	53220K504	650	10,494	SH		DFND		10,494	0	0
ELI LILLY & CO	Common Stock	532457108	11,348	210,106	SH		DFND		210,106	0	0
LOCKHEED MARTIN CORP	Common Stock	539830109	10,778	71,421	SH		DFND		71,421	0	0
LORILLARD INC	Common Stock	544147101	9,747	198,038	SH		DFND		198,038	0	0
LOUISIANA-PACIFIC CORP	Common Stock	546347105	484	27,606	SH		DFND		27,606	0	0
MDC HOLDINGS INC	Common Stock	552676108	469	15,198	SH		DFND		15,198	0	0
MACERICH CO/THE	Common Stock	554382101	1,269	22,428	SH		DFND		22,428	0	0
MACY'S INC	Common Stock	55616P104	574	10,793	SH		DFND		10,793	0	0
STEVEN MADDEN LTD	Common Stock	556269108	444	13,639	SH		DFND		13,639	0	0
MAGELLAN MIDSTREAM PARTNERS	Common Stock	559080106	611,466	9,200,510	SH		DFND		9,200,510	0	0
MAIN STREET CAPITAL CORP	Common Stock	56035L104	559	16,505	SH		DFND		16,505	0	0
MANHATTAN ASSOCIATES INC	Common Stock	562750109	718	21,300	SH		DFND		21,300	0	0
MARKET VECTORS RUSSIA ETF	Common Stock	57060U506	551	21,794	SH		DFND		21,794	0	0
MARKWEST ENERGY PARTNERS LP	Common Stock	570759100	555,894	7,919,848	SH		DFND		7,919,848	0	0
MARSH & MCLENNAN COS	Common Stock	571748102	516	11,284	SH		DFND		11,284	0	0
MAXIM INTEGRATED PRODUCTS	Common Stock	57772K101	502	16,578	SH		DFND		16,578	0	0
MAXIMUS INC	Common Stock	577933104	491	11,587	SH		DFND		11,587	0	0
MCDONALD'S CORP	Common Stock	580135101	10,370	110,115	SH		DFND		110,115	0	0
MEDIFAST INC	Common Stock	58470H101	484	18,235	SH		DFND		18,235	0	0
MEDIDATA SOLUTIONS INC	Common Stock	58471A105	638	10,107	SH		DFND		10,107	0	0
MERCK & CO. INC.	Common Stock	58933Y105	10,872	205,256	SH		DFND		205,256	0	0
MERIDIAN BIOSCIENCE INC	Common Stock	589584101	468	20,544	SH		DFND		20,544	0	0
METHODE ELECTRONICS INC	Common Stock	591520200	617	18,332	SH		DFND		18,332	0	0
MICROSOFT CORP	Common Stock	594918104	556	14,694	SH		DFND		14,694	0	0
MICROCHIP TECHNOLOGY INC	Common Stock	595017104	10,725	239,080	SH		DFND		239,080	0	0
MONSANTO CO	Common Stock	61166W101	4,690	44,015	SH		DFND		44,015	0	0
MOSAIC CO/THE	Common Stock	61945C103	1,041	23,301	SH		DFND		23,301	0	0
MOVADO GROUP INC	Common Stock	624580106	432	11,455	SH		DFND		11,455	0	0
MULTIMEDIA GAMES HOLDING CO	Common Stock	625453105	447	14,074	SH		DFND		14,074	0	0
MYLAN INC	Common Stock	628530107	577	12,708	SH		DFND		12,708	0	0
MYRIAD GENETICS INC	Common Stock	62855J104	522	18,906	SH		DFND		18,906	0	0
NIC INC	Common Stock	62914B100	489	22,515	SH		DFND		22,515	0	0
NATURAL RESOURCE PARTNERS LP	Common Stock	63900P103	401	25,430	SH		DFND		25,430	0	0
NELNET INC-CL A	Common Stock	64031N108	495	13,276	SH		DFND		13,276	0	0
NETSCOUT SYSTEMS INC	Common Stock	64115T104	668	18,922	SH		DFND		18,922	0	0
NEWMONT MINING CORP	Common Stock	651639106	9,743	451,061	SH		DFND		451,061	0	0
NEXSTAR BROADCASTING GROUP-A	Common Stock	65336K103	629	13,098	SH		DFND		13,098	0	0
NOBLE ENERGY INC	Common Stock	655044105	638	10,241	SH		DFND		10,241	0	0
NUCOR CORP	Common Stock	670346105	9,604	198,625	SH		DFND		198,625	0	0
NUSTAR ENERGY LP	Common Stock	67058H102	174,087	3,516,899	SH		DFND		3,516,899	0	0
OASIS PETROLEUM INC	Common Stock	674215108	461	11,028	SH		DFND		11,028	0	0
OLD DOMINION FREIGHT LINE	Common Stock	679580100	590	10,871	SH		DFND		10,871	0	0
OMNICELL INC	Common Stock	68213N109	529	20,504	SH		DFND		20,504	0	0
ON ASSIGNMENT INC	Common Stock	682159108	440	14,834	SH		DFND		14,834	0	0
ONEOK PARTNERS LP	Common Stock	68268N103	378,651	7,305,632	SH		DFND		7,305,632	0	0
ORACLE CORP	Common Stock	68389X105	538	14,590	SH		DFND		14,590	0	0
OUTERWALL INC	Common Stock	690070107	647	10,056	SH		DFND		10,056	0	0
OVERSTOCK.COM INC	Common Stock	690370101	358	17,004	SH		DFND		17,004	0	0
PDF SOLUTIONS INC	Common Stock	693282105	541	22,845	SH		DFND		22,845	0	0
PDL BIOPHARMA INC	Common Stock	69329Y104	551	60,570	SH		DFND		60,570	0	0
PGT INC	Common Stock	69336V101	478	44,802	SH		DFND		44,802	0	0
PVR PARTNERS LP	Common Stock	693665101	152,575	5,441,346	SH		DFND		5,441,346	0	0
PAPA JOHN'S INTL INC	Common Stock	698813102	668	13,888	SH		DFND		13,888	0	0
PAYCHEX INC	Common Stock	704326107	9,740	232,914	SH		DFND		232,914	0	0
PEGASYSTEMS INC	Common Stock	705573103	584	12,857	SH		DFND		12,857	0	0
PEOPLE'S UNITED FINANCIAL	Common Stock	712704105	9,697	682,425	SH		DFND		682,425	0	0
PEPCO HOLDINGS INC	Common Stock	713291102	10,383	534,359	SH		DFND		534,359	0	0
PERFICIENT INC	Common Stock	71375U101	581	28,296	SH		DFND		28,296	0	0
PERFORMANT FINANCIAL CORP	Common Stock	71377E105	385	45,122	SH		DFND		45,122	0	0
PETMED EXPRESS INC	Common Stock	716382106	404	30,536	SH		DFND		30,536	0	0
PETROLEO BRASILEIRO S.A.-ADR	Common Stock	71654V408	378	33,701	SH		DFND		33,701	0	0
PFIZER INC	Common Stock	717081103	9,979	328,263	SH		DFND		328,263	0	0
PHILIP MORRIS INTERNATIONAL	Common Stock	718172109	9,163	117,263	SH		DFND		117,263	0	0
PIER 1 IMPORTS INC	Common Stock	720279108	399	20,872	SH		DFND		20,872	0	0
PILGRIM'S PRIDE CORP	Common Stock	72147K108	488	29,164	SH		DFND		29,164	0	0
PITNEY BOWES INC	Common Stock	724479100	11,242	446,462	SH		DFND		446,462	0	0
PLAINS ALL AMER PIPELINE LP	Common Stock	726503105	561,582	11,122,647	SH		DFND		11,122,647	0	0
PLANTRONICS INC	Common Stock	727493108	448	10,444	SH		DFND		10,444	0	0
PRIMORIS SERVICES CORP	Common Stock	74164F103	629	19,786	SH		DFND		19,786	0	0
PROLOGIS INC	Common Stock	74340W103	3,101	79,997	SH		DFND		79,997	0	0
PROSPECT CAPITAL CORP	Common Stock	74348T102	460	42,280	SH		DFND		42,280	0	0
PUBLIC STORAGE	Common Stock	74460D109	3,636	23,070	SH		DFND		23,070	0	0
QUESTAR CORP	Common Stock	748356102	596	25,549	SH		DFND		25,549	0	0
RPC INC	Common Stock	749660106	565	33,160	SH		DFND		33,160	0	0
REALTY INCOME CORP	Common Stock	756109104	1,346	33,007	SH		DFND		33,007	0	0
REGENCY CENTERS CORP	Common Stock	758849103	705	14,650	SH		DFND		14,650	0	0
REGENCY ENERGY PARTNERS LP	Common Stock	75885Y107	226,539	8,258,791	SH		DFND		8,258,791	0	0
RENEWABLE ENERGY GROUP INC	Common Stock	75972A301	318	31,766	SH		DFND		31,766	0	0
REPLIGEN CORP	Common Stock	759916109	746	48,160	SH		DFND		48,160	0	0
REYNOLDS AMERICAN INC	Common Stock	761713106	9,837	202,828	SH		DFND		202,828	0	0
ROBERT HALF INTL INC	Common Stock	770323103	598	14,315	SH		DFND		14,315	0	0
RYLAND GROUP INC/THE	Common Stock	783764103	515	11,540	SH		DFND		11,540	0	0
SEI INVESTMENTS COMPANY	Common Stock	784117103	547	16,066	SH		DFND		16,066	0	0
SL GREEN REALTY CORP	Common Stock	78440X101	1,373	14,637	SH		DFND		14,637	0	0
SLM CORP	Common Stock	78442P106	442	19,430	SH		DFND		19,430	0	0
SPDR S&P 500 ETF TRUST	ETF	78462F103	7,344	41,219	SH		DFND		41,219	0	0
SCHLUMBERGER LTD	Common Stock	806857108	1,514	17,284	SH		DFND		17,284	0	0
MATERIALS SELECT SECTOR SPDR	ETF	81369Y100	13,952	316,814	SH		DFND		316,814	0	0
HEALTH CARE SELECT SECTOR	ETF	81369Y209	14,491	258,949	SH		DFND		258,949	0	0
CONSUMER STAPLES SPDR	ETF	81369Y308	13,626	334,304	SH		DFND		334,304	0	0
CONSUMER DISCRETIONARY SELT	ETF	81369Y407	13,610	216,652	SH		DFND		216,652	0	0
ENERGY SELECT SECTOR SPDR	ETF	81369Y506	13,696	164,264	SH		DFND		164,264	0	0
FINANCIAL SELECT SECTOR SPDR	ETF	81369Y605	13,882	659,170	SH		DFND		659,170	0	0
INDUSTRIAL SELECT SECT SPDR	ETF	81369Y704	13,891	277,650	SH		DFND		277,650	0	0
TECHNOLOGY SELECT SECT SPDR	ETF	81369Y803	14,164	406,786	SH		DFND		406,786	0	0
UTILITIES SELECT SECTOR SPDR	ETF	81369Y886	14,705	376,078	SH		DFND		376,078	0	0
SIMON PROPERTY GROUP INC	Common Stock	828806109	4,341	28,033	SH		DFND		28,033	0	0
SIRIUS XM HOLDINGS INC	Common Stock	82968B103	60	16,817	SH		DFND		16,817	0	0
SKYWORKS SOLUTIONS INC	Common Stock	83088M102	576	19,057	SH		DFND		19,057	0	0
SMITH & WESSON HOLDING CORP	Common Stock	831756101	561	42,855	SH		DFND		42,855	0	0
SOLARWINDS INC	Common Stock	83416B109	495	12,408	SH		DFND		12,408	0	0
SPECTRA ENERGY CORP	Common Stock	847560109	11,114	309,163	SH		DFND		309,163	0	0
SPECTRA ENERGY PARTNERS LP	Common Stock	84756N109	109,911	2,481,069	SH		DFND		2,481,069	0	0
SPIRIT AIRLINES INC	Common Stock	848577102	674	14,362	SH		DFND		14,362	0	0
STAMPS.COM INC	Common Stock	852857200	431	10,919	SH		DFND		10,919	0	0
STANDARD PACIFIC CORP	Common Stock	85375C101	521	59,214	SH		DFND		59,214	0	0
STEWART INFORMATION SERVICES	Common Stock	860372101	525	16,158	SH		DFND		16,158	0	0
STONE ENERGY CORP	Common Stock	861642106	473	15,276	SH		DFND		15,276	0	0
SUNOCO LOGISTICS PARTNERS LP	Common Stock	86764L108	297,615	3,787,413	SH		DFND		3,787,413	0	0
SUNTRUST BANKS INC	Common Stock	867914103	533	14,400	SH		DFND		14,400	0	0
SWIFT TRANSPORTATION CO	Common Stock	87074U101	544	24,967	SH		DFND		24,967	0	0
SYNAPTICS INC	Common Stock	87157D109	673	11,540	SH		DFND		11,540	0	0
SYNERGY RESOURCES CORP	Common Stock	87164P103	444	51,433	SH		DFND		51,433	0	0
TC PIPELINES LP	Common Stock	87233Q108	113,559	2,441,086	SH		DFND		2,441,086	0	0
TECO ENERGY INC	Common Stock	872375100	9,675	590,665	SH		DFND		590,665	0	0
TAIWAN SEMICONDUCTOR-SP ADR	Common Stock	874039100	723	42,717	SH		DFND		42,717	0	0
TANGER FACTORY OUTLET CENTER	Common Stock	875465106	500	14,966	SH		DFND		14,966	0	0
TARGA RESOURCES PARTNERS LP	Common Stock	87611X105	269,643	5,135,075	SH		DFND		5,135,075	0	0
TASER INTERNATIONAL INC	Common Stock	87651B104	561	34,961	SH		DFND		34,961	0	0
TEAM HEALTH HOLDINGS INC	Common Stock	87817A107	555	12,855	SH		DFND		12,855	0	0
TIVO INC	Common Stock	888706108	495	39,914	SH		DFND		39,914	0	0
TRIANGLE CAPITAL CORP	Common Stock	895848109	452	16,748	SH		DFND		16,748	0	0
TRINITY INDUSTRIES INC	Common Stock	896522109	621	10,672	SH		DFND		10,672	0	0
TYSON FOODS INC-CL A	Common Stock	902494103	603	16,136	SH		DFND		16,136	0	0
UDR INC	Common Stock	902653104	974	40,028	SH		DFND		40,028	0	0
US BANCORP	Common Stock	902973304	517	13,020	SH		DFND		13,020	0	0
US SILICA HOLDINGS INC	Common Stock	90346E103	578	19,528	SH		DFND		19,528	0	0
UBIQUITI NETWORKS INC	Common Stock	90347A100	611	14,834	SH		DFND		14,834	0	0
UNITED MICROELECTRON-SP ADR	Common Stock	910873405	57	27,976	SH		DFND		27,976	0	0
URBAN OUTFITTERS INC	Common Stock	917047102	463	12,920	SH		DFND		12,920	0	0
VALE SA-SP ADR	Common Stock	91912E105	901	66,235	SH		DFND		66,235	0	0
VENTAS INC	Common Stock	92276F100	2,923	46,848	SH		DFND		46,848	0	0
VANGUARD S&P 500 ETF	Common Stock	922908363	7,342	44,998	SH		DFND		44,998	0	0
VERA BRADLEY INC	Common Stock	92335C106	589	24,522	SH		DFND		24,522	0	0
VERIZON COMMUNICATIONS INC	Common Stock	92343V104	9,968	207,571	SH		DFND		207,571	0	0
VITAMIN SHOPPE INC	Common Stock	92849E101	532	11,871	SH		DFND		11,871	0	0
VORNADO REALTY TRUST	Common Stock	929042109	2,545	27,710	SH		DFND		27,710	0	0
WABASH NATIONAL CORP	Common Stock	929566107	573	41,788	SH		DFND		41,788	0	0
WASTE MANAGEMENT INC	Common Stock	94106L109	9,508	227,582	SH		DFND		227,582	0	0
WEBSTER FINANCIAL CORP	Common Stock	947890109	581	19,135	SH		DFND		19,135	0	0
WEINGARTEN REALTY INVESTORS	Common Stock	948741103	517	17,836	SH		DFND		17,836	0	0
WELLS FARGO & CO	Common Stock	949746101	10,812	238,470	SH		DFND		238,470	0	0
WESCO AIRCRAFT HOLDINGS INC	Common Stock	950814103	526	23,522	SH		DFND		23,522	0	0
WESTERN ALLIANCE BANCORP	Common Stock	957638109	619	27,598	SH		DFND		27,598	0	0
WESTERN GAS PARTNERS LP	Common Stock	958254104	214,291	3,603,959	SH		DFND		3,603,959	0	0
WESTERN REFINING INC	Common Stock	959319104	665	17,012	SH		DFND		17,012	0	0
WILLIAMS COS INC	Common Stock	969457100	12,147	300,005	SH		DFND		300,005	0	0
WILLIAMS PARTNERS LP	Common Stock	96950F104	383,785	7,660,380	SH		DFND		7,660,380	0	0
WILSHIRE BANCORP INC	Common Stock	97186T108	575	57,723	SH		DFND		57,723	0	0
WINDSTREAM HOLDINGS INC	Common Stock	97382A101	9,330	1,247,379	SH		DFND		1,247,379	0	0
WINNEBAGO INDUSTRIES	Common Stock	974637100	518	21,608	SH		DFND		21,608	0	0
WISDOMTREE INVESTMENTS INC	Common Stock	97717P104	591	41,839	SH		DFND		41,839	0	0
WISDOMTREE INDIA EARNINGS	Common Stock	97717W422	196	12,131	SH		DFND		12,131	0	0
WORLD FUEL SERVICES CORP	Common Stock	981475106	561	13,122	SH		DFND		13,122	0	0
YAHOO! INC	Common Stock	984332106	581	16,136	SH		DFND		16,136	0	0
ZUMIEZ INC	Common Stock	989817101	376	17,482	SH		DFND		17,482	0	0
AMBARELLA INC	Common Stock	G037AX101	881	27,490	SH		DFND		27,490	0	0
BUNGE LTD	Common Stock	G16962105	946	12,487	SH		DFND		12,487	0	0
FABRINET	Common Stock	G3323L100	624	33,760	SH		DFND		33,760	0	0
INVESCO LTD	Common Stock	G491BT108	9,547	287,137	SH		DFND		287,137	0	0
SEADRILL LTD	Common Stock	G7945E105	366	10,246	SH		DFND		10,246	0	0
SEAGATE TECHNOLOGY	Common Stock	G7945M107	10,495	198,545	SH		DFND		198,545	0	0
TEXTAINER GROUP HOLDINGS LTD	Common Stock	G8766E109	456	12,554	SH		DFND		12,554	0	0
THIRD POINT REINSURANCE LTD	Common Stock	G8827U100	567	35,483	SH		DFND		35,483	0	0
GARMIN LTD	Common Stock	H2906T109	9,604	213,195	SH		DFND		213,195	0	0
CNH INDUSTRIAL NV	Common Stock	N20944109	481	45,642	SH		DFND		45,642	0	0
GOLAR LNG PARTNERS LP	Common Stock	Y2745C102	449	14,756	SH		DFND		14,756	0	0
AFLAC INC	Common Stock	001055102	490	7,812	SH		DFND		7,812	0	0
ADVANCE AUTO PARTS INC	Common Stock	00751Y106	696	6,063	SH		DFND		6,063	0	0
AFFILIATED MANAGERS GROUP	Common Stock	008252108	519	2,604	SH		DFND		2,604	0	0
AKAMAI TECHNOLOGIES INC	Common Stock	00971T101	447	9,370	SH		DFND		9,370	0	0
ALASKA AIR GROUP INC	Common Stock	011659109	619	7,834	SH		DFND		7,834	0	0
ALEXION PHARMACEUTICALS INC	Common Stock	015351109	663	4,176	SH		DFND		4,176	0	0
ALLEGIANT TRAVEL CO	Common Stock	01748X102	442	4,852	SH		DFND		4,852	0	0
ALLERGAN INC	Common Stock	018490102	636	5,546	SH		DFND		5,546	0	0
ALLIANCE DATA SYSTEMS CORP	Common Stock	018581108	552	2,302	SH		DFND		2,302	0	0
ALLIANCE HOLDINGS GP LP	Common Stock	01861G100	506	8,099	SH		DFND		8,099	0	0
ALLIANCE RESOURCE PARTNERS	Common Stock	01877R108	522	6,332	SH		DFND		6,332	0	0
AMERCO	Common Stock	023586100	580	2,604	SH		DFND		2,604	0	0
AMERICAN EXPRESS CO	Common Stock	025816109	541	6,368	SH		DFND		6,368	0	0
AMERICAN PACIFIC CORP	Common Stock	028740108	455	9,804	SH		DFND		9,804	0	0
AMGEN INC	Common Stock	031162100	496	4,174	SH		DFND		4,174	0	0
ANSYS INC	Common Stock	03662Q105	443	5,642	SH		DFND		5,642	0	0
APACHE CORP	Common Stock	037411105	270	3,365	SH		DFND		3,365	0	0
APPLE INC	Common Stock	037833100	505	1,008	SH		DFND		1,008	0	0
ARCTIC CAT INC	Common Stock	039670104	359	8,488	SH		DFND		8,488	0	0
ATWOOD OCEANICS INC	Common Stock	050095108	407	8,588	SH		DFND		8,588	0	0
BOK FINANCIAL CORPORATION	Common Stock	05561Q201	493	7,668	SH		DFND		7,668	0	0
BOFI HOLDING INC	Common Stock	05566U108	606	7,322	SH		DFND		7,322	0	0
BAIDU INC - SPON ADR	Common Stock	056752108	495	3,161	SH		DFND		3,161	0	0
BAKER HUGHES INC	Common Stock	057224107	212	3,747	SH		DFND		3,747	0	0
BALLY TECHNOLOGIES INC	Common Stock	05874B107	478	6,515	SH		DFND		6,515	0	0
BANK OF HAWAII CORP	Common Stock	062540109	530	9,330	SH		DFND		9,330	0	0
BARRETT BUSINESS SVCS INC	Common Stock	068463108	535	6,824	SH		DFND		6,824	0	0
BED BATH & BEYOND INC	Common Stock	075896100	404	6,332	SH		DFND		6,332	0	0
BERKSHIRE HATHAWAY INC-CL B	Common Stock	084670702	464	4,162	SH		DFND		4,162	0	0
BIOGEN IDEC INC	Common Stock	09062X103	630	2,014	SH		DFND		2,014	0	0
BOEING CO/THE	Common Stock	097023105	518	4,138	SH		DFND		4,138	0	0
BORGWARNER INC	Common Stock	099724106	522	9,720	SH		DFND		9,720	0	0
BOSTON BEER COMPANY INC-A	Common Stock	100557107	415	1,992	SH		DFND		1,992	0	0
BUCKLE INC/THE	Common Stock	118440106	403	9,092	SH		DFND		9,092	0	0
BUFFALO WILD WINGS INC	Common Stock	119848109	627	4,418	SH		DFND		4,418	0	0
CF INDUSTRIES HOLDINGS INC	Common Stock	125269100	1,651	7,153	SH		DFND		7,153	0	0
CNOOC LTD-ADR	Common Stock	126132109	286	1,856	SH		DFND		1,856	0	0
CAPITAL ONE FINANCIAL CORP	Common Stock	14040H105	503	7,122	SH		DFND		7,122	0	0
CATERPILLAR INC	Common Stock	149123101	528	5,620	SH		DFND		5,620	0	0
CELGENE CORP	Common Stock	151020104	498	3,276	SH		DFND		3,276	0	0
CHINA LIFE INSURANCE CO-ADR	Common Stock	16939P106	235	5,768	SH		DFND		5,768	0	0
CHINA PETROLEUM & CHEM-ADR	Common Stock	16941R108	231	2,934	SH		DFND		2,934	0	0
CHIPOTLE MEXICAN GRILL INC	Common Stock	169656105	617	1,118	SH		DFND		1,118	0	0
CHURCHILL DOWNS INC	Common Stock	171484108	503	5,642	SH		DFND		5,642	0	0
COACH INC	Common Stock	189754104	429	8,962	SH		DFND		8,962	0	0
COGNIZANT TECH SOLUTIONS-A	Common Stock	192446102	576	5,940	SH		DFND		5,940	0	0
COMMVAULT SYSTEMS INC	Common Stock	204166102	388	5,616	SH		DFND		5,616	0	0
COMPUTER PROGRAMS & SYSTEMS	Common Stock	205306103	563	8,428	SH		DFND		8,428	0	0
CONTINENTAL RESOURCES INC/OK	Common Stock	212015101	562	5,098	SH		DFND		5,098	0	0
COOPER COS INC/THE	Common Stock	216648402	454	3,650	SH		DFND		3,650	0	0
CREDIT ACCEPTANCE CORP	Common Stock	225310101	627	4,502	SH		DFND		4,502	0	0
CUMMINS INC	Common Stock	231021106	461	3,628	SH		DFND		3,628	0	0
DAVITA HEALTHCARE PARTNERS I	Common Stock	23918K108	547	8,424	SH		DFND		8,424	0	0
WALT DISNEY CO/THE	Common Stock	254687106	531	7,310	SH		DFND		7,310	0	0
DISCOVER FINANCIAL SERVICES	Common Stock	254709108	502	9,356	SH		DFND		9,356	0	0
DOLLAR GENERAL CORP	Common Stock	256677105	478	8,494	SH		DFND		8,494	0	0
DOLLAR TREE INC	Common Stock	256746108	429	8,492	SH		DFND		8,492	0	0
DORMAN PRODUCTS INC	Common Stock	258278100	507	9,728	SH		DFND		9,728	0	0
DOVER CORP	Common Stock	260003108	469	5,414	SH		DFND		5,414	0	0
DRIL-QUIP INC	Common Stock	262037104	436	4,340	SH		DFND		4,340	0	0
EOG RESOURCES INC	Common Stock	26875P101	853	5,165	SH		DFND		5,165	0	0
EASTMAN CHEMICAL CO	Common Stock	277432100	552	7,082	SH		DFND		7,082	0	0
EDWARDS LIFESCIENCES CORP	Common Stock	28176E108	451	6,922	SH		DFND		6,922	0	0
ENERSYS	Common Stock	29275Y102	579	8,502	SH		DFND		8,502	0	0
ESSEX PROPERTY TRUST INC	Common Stock	297178105	962	6,075	SH		DFND		6,075	0	0
FMC CORP	Common Stock	302491303	488	6,912	SH		DFND		6,912	0	0
FACTSET RESEARCH SYSTEMS INC	Common Stock	303075105	476	4,498	SH		DFND		4,498	0	0
FAMILY DOLLAR STORES	Common Stock	307000109	411	6,655	SH		DFND		6,655	0	0
FASTENAL CO	Common Stock	311900104	424	9,654	SH		DFND		9,654	0	0
F5 NETWORKS INC	Common Stock	315616102	571	5,332	SH		DFND		5,332	0	0
FIRST CASH FINL SVCS INC	Common Stock	31942D107	410	8,342	SH		DFND		8,342	0	0
FIRST FINL BANKSHARES INC	Common Stock	32020R109	514	8,405	SH		DFND		8,405	0	0
FLEETCOR TECHNOLOGIES INC	Common Stock	339041105	477	4,490	SH		DFND		4,490	0	0
FLOWSERVE CORP	Common Stock	34354P105	567	7,838	SH		DFND		7,838	0	0
FOSSIL GROUP INC	Common Stock	34988V106	471	4,210	SH		DFND		4,210	0	0
FRANKLIN RESOURCES INC	Common Stock	354613101	486	9,347	SH		DFND		9,347	0	0
FRESH MARKET INC/THE	Common Stock	35804H106	345	9,877	SH		DFND		9,877	0	0
GNC HOLDINGS INC-CL A	Common Stock	36191G107	475	9,284	SH		DFND		9,284	0	0
G-III APPAREL GROUP LTD	Common Stock	36237H101	638	9,114	SH		DFND		9,114	0	0
GARTNER INC	Common Stock	366651107	600	8,530	SH		DFND		8,530	0	0
GENERAL MILLS INC	Common Stock	370334104	471	9,804	SH		DFND		9,804	0	0
GENUINE PARTS CO	Common Stock	372460105	495	6,016	SH		DFND		6,016	0	0
GEOSPACE TECHNOLOGIES CORP	Common Stock	37364X109	497	6,244	SH		DFND		6,244	0	0
GILEAD SCIENCES INC	Common Stock	375558103	620	7,690	SH		DFND		7,690	0	0
GOOGLE INC-CL A	Common Stock	38259P508	680	576	SH		DFND		576	0	0
GRACO INC	Common Stock	384109104	462	6,654	SH		DFND		6,654	0	0
WW GRAINGER INC	Common Stock	384802104	423	1,802	SH		DFND		1,802	0	0
GREEN MOUNTAIN COFFEE ROASTE	Common Stock	393122106	530	6,542	SH		DFND		6,542	0	0
GREENHILL & CO INC	Common Stock	395259104	478	9,192	SH		DFND		9,192	0	0
HSN INC	Common Stock	404303109	493	9,008	SH		DFND		9,008	0	0
HALLIBURTON CO	Common Stock	406216101	329	6,715	SH		DFND		6,715	0	0
HANESBRANDS INC	Common Stock	410345102	547	7,691	SH		DFND		7,691	0	0
HEICO CORP	Common Stock	422806109	489	9,189	SH		DFND		9,189	0	0
HELMERICH & PAYNE	Common Stock	423452101	624	7,092	SH		DFND		7,092	0	0
JACK HENRY & ASSOCIATES INC	Common Stock	426281101	530	9,504	SH		DFND		9,504	0	0
HERSHEY CO/THE	Common Stock	427866108	519	5,218	SH		DFND		5,218	0	0
HIBBETT SPORTS INC	Common Stock	428567101	534	8,900	SH		DFND		8,900	0	0
HOME DEPOT INC	Common Stock	437076102	484	6,304	SH		DFND		6,304	0	0
HONEYWELL INTERNATIONAL INC	Common Stock	438516106	515	5,642	SH		DFND		5,642	0	0
HUBBELL INC -CL B	Common Stock	443510201	536	4,596	SH		DFND		4,596	0	0
HUNT (JB) TRANSPRT SVCS INC	Common Stock	445658107	497	6,626	SH		DFND		6,626	0	0
HYSTER-YALE MATERIALS	Common Stock	449172105	448	5,226	SH		DFND		5,226	0	0
IPG PHOTONICS CORP	Common Stock	44980X109	550	8,222	SH		DFND		8,222	0	0
IDEXX LABORATORIES INC	Common Stock	45168D104	576	5,042	SH		DFND		5,042	0	0
INFOSYS LTD-SP ADR	Common Stock	456788108	328	5,598	SH		DFND		5,598	0	0
INTL BUSINESS MACHINES CORP	Common Stock	459200101	447	2,528	SH		DFND		2,528	0	0
INTUIT INC	Common Stock	461202103	549	7,494	SH		DFND		7,494	0	0
INTUITIVE SURGICAL INC	Common Stock	46120E602	529	1,298	SH		DFND		1,298	0	0
ISHARES MSCI EAFE ETF	ETF	464287465	535	8,414	SH		DFND		8,414	0	0
ISHARES RUSSELL 1000 ETF	ETF	464287622	770	7,711	SH		DFND		7,711	0	0
ISHARES RUSSELL 2000 ETF	ETF	464287655	473	4,216	SH		DFND		4,216	0	0
JPMORGAN CHASE & CO	Common Stock	46625H100	510	9,220	SH		DFND		9,220	0	0
JOY GLOBAL INC	Common Stock	481165108	489	9,260	SH		DFND		9,260	0	0
J2 GLOBAL INC	Common Stock	48123V102	445	9,818	SH		DFND		9,818	0	0
LAS VEGAS SANDS CORP	Common Stock	517834107	584	7,630	SH		DFND		7,630	0	0
ESTEE LAUDER COMPANIES-CL A	Common Stock	518439104	470	6,836	SH		DFND		6,836	0	0
LEAR CORP	Common Stock	521865204	497	6,874	SH		DFND		6,874	0	0
LIBERTY MEDIA CORP - A	Common Stock	531229102	433	3,294	SH		DFND		3,294	0	0
LINCOLN ELECTRIC HOLDINGS	Common Stock	533900106	496	7,170	SH		DFND		7,170	0	0
LINDSAY CORP	Common Stock	535555106	508	5,978	SH		DFND		5,978	0	0
LUMBER LIQUIDATORS HOLDINGS	Common Stock	55003T107	389	4,376	SH		DFND		4,376	0	0
M & T BANK CORP	Common Stock	55261F104	484	4,340	SH		DFND		4,340	0	0
MAGELLAN HEALTH SERVICES INC	Common Stock	559079207	500	8,359	SH		DFND		8,359	0	0
MARATHON PETROLEUM CORP	Common Stock	56585A102	642	7,380	SH		DFND		7,380	0	0
MARKETAXESS HOLDINGS INC	Common Stock	57060D108	541	8,630	SH		DFND		8,630	0	0
MASTERCARD INC-CLASS A	Common Stock	57636Q104	519	6,860	SH		DFND		6,860	0	0
MCGRAW HILL FINANCIAL INC	Common Stock	580645109	580	7,634	SH		DFND		7,634	0	0
MCKESSON CORP	Common Stock	58155Q103	650	3,728	SH		DFND		3,728	0	0
MEAD JOHNSON NUTRITION CO	Common Stock	582839106	480	6,249	SH		DFND		6,249	0	0
METTLER-TOLEDO INTERNATIONAL	Common Stock	592688105	497	2,016	SH		DFND		2,016	0	0
MIDDLEBY CORP	Common Stock	596278101	559	2,269	SH		DFND		2,269	0	0
MOODY'S CORP	Common Stock	615369105	517	6,938	SH		DFND		6,938	0	0
MORNINGSTAR INC	Common Stock	617700109	483	6,254	SH		DFND		6,254	0	0
NATIONAL OILWELL VARCO INC	Common Stock	637071101	271	3,617	SH		DFND		3,617	0	0
NEUSTAR INC-CLASS A	Common Stock	64126X201	322	9,504	SH		DFND		9,504	0	0
NEWMARKET CORP	Common Stock	651587107	557	1,662	SH		DFND		1,662	0	0
NIKE INC -CL B	Common Stock	654106103	519	7,120	SH		DFND		7,120	0	0
NORDSTROM INC	Common Stock	655664100	490	8,532	SH		DFND		8,532	0	0
NORTHROP GRUMMAN CORP	Common Stock	666807102	581	5,030	SH		DFND		5,030	0	0
NU SKIN ENTERPRISES INC - A	Common Stock	67018T105	442	5,194	SH		DFND		5,194	0	0
O'REILLY AUTOMOTIVE INC	Common Stock	67103H107	505	3,854	SH		DFND		3,854	0	0
OCCIDENTAL PETROLEUM CORP	Common Stock	674599105	591	6,752	SH		DFND		6,752	0	0
OCEANEERING INTL INC	Common Stock	675232102	402	5,900	SH		DFND		5,900	0	0
OPENTABLE INC	Common Stock	68372A104	501	6,656	SH		DFND		6,656	0	0
PNC FINANCIAL SERVICES GROUP	Common Stock	693475105	526	6,588	SH		DFND		6,588	0	0
POSCO-ADR	Common Stock	693483109	243	3,581	SH		DFND		3,581	0	0
PPG INDUSTRIES INC	Common Stock	693506107	531	2,912	SH		DFND		2,912	0	0
PACKAGING CORP OF AMERICA	Common Stock	695156109	521	8,068	SH		DFND		8,068	0	0
PANERA BREAD COMPANY-CLASS A	Common Stock	69840W108	482	2,848	SH		DFND		2,848	0	0
PEPSICO INC	Common Stock	713448108	536	6,665	SH		DFND		6,665	0	0
PETROCHINA CO LTD -ADR	Common Stock	71646E100	234	2,445	SH		DFND		2,445	0	0
PETSMART INC	Common Stock	716768106	421	6,690	SH		DFND		6,690	0	0
PHILLIPS 66	Common Stock	718546104	632	8,650	SH		DFND		8,650	0	0
PIONEER NATURAL RESOURCES CO	Common Stock	723787107	642	3,794	SH		DFND		3,794	0	0
POLARIS INDUSTRIES INC	Common Stock	731068102	486	3,884	SH		DFND		3,884	0	0
PORTFOLIO RECOVERY ASSOCIATE	Common Stock	73640Q105	421	8,379	SH		DFND		8,379	0	0
PRAXAIR INC	Common Stock	74005P104	497	3,984	SH		DFND		3,984	0	0
T ROWE PRICE GROUP INC	Common Stock	74144T108	529	6,740	SH		DFND		6,740	0	0
PRICELINE.COM INC	Common Stock	741503403	513	448	SH		DFND		448	0	0
PROSPERITY BANCSHARES INC	Common Stock	743606105	505	8,068	SH		DFND		8,068	0	0
PROTO LABS INC	Common Stock	743713109	519	6,536	SH		DFND		6,536	0	0
QUAKER CHEMICAL CORP	Common Stock	747316107	485	7,022	SH		DFND		7,022	0	0
QUALCOMM INC	Common Stock	747525103	521	7,026	SH		DFND		7,026	0	0
QUESTCOR PHARMACEUTICALS	Common Stock	74835Y101	502	7,492	SH		DFND		7,492	0	0
RALPH LAUREN CORP	Common Stock	751212101	452	2,882	SH		DFND		2,882	0	0
RANGE RESOURCES CORP	Common Stock	75281A109	530	6,154	SH		DFND		6,154	0	0
RAYTHEON COMPANY	Common Stock	755111507	578	6,076	SH		DFND		6,076	0	0
REGENERON PHARMACEUTICALS	Common Stock	75886F107	456	1,580	SH		DFND		1,580	0	0
RESMED INC	Common Stock	761152107	397	9,102	SH		DFND		9,102	0	0
ROCK TENN COMPANY -CL A	Common Stock	772739207	508	5,010	SH		DFND		5,010	0	0
ROCKWELL AUTOMATION INC	Common Stock	773903109	521	4,538	SH		DFND		4,538	0	0
ROGERS CORP	Common Stock	775133101	496	8,172	SH		DFND		8,172	0	0
ROSETTA RESOURCES INC	Common Stock	777779307	391	9,186	SH		DFND		9,186	0	0
ROSS STORES INC	Common Stock	778296103	459	6,764	SH		DFND		6,764	0	0
ROYAL GOLD INC	Common Stock	780287108	252	4,501	SH		DFND		4,501	0	0
SPDR BARCLAYS INTL TREASURY	ETF	78464A516	271	4,673	SH		DFND		4,673	0	0
SANDERSON FARMS INC	Common Stock	800013104	554	7,456	SH		DFND		7,456	0	0
SANDISK CORP	Common Stock	80004C101	563	8,094	SH		DFND		8,094	0	0
SCRIPPS NETWORKS INTER-CL A	Common Stock	811065101	462	6,368	SH		DFND		6,368	0	0
SHINHAN FINANCIAL GROUP-ADR	Common Stock	824596100	228	5,508	SH		DFND		5,508	0	0
SHUTTERSTOCK INC	Common Stock	825690100	671	8,324	SH		DFND		8,324	0	0
SIGMA-ALDRICH	Common Stock	826552101	525	5,650	SH		DFND		5,650	0	0
SNAP-ON INC	Common Stock	833034101	494	4,928	SH		DFND		4,928	0	0
QUIMICA Y MINERA CHIL-SP ADR	Common Stock	833635105	230	9,247	SH		DFND		9,247	0	0
STARBUCKS CORP	Common Stock	855244109	455	6,398	SH		DFND		6,398	0	0
STURM RUGER & CO INC	Common Stock	864159108	603	7,922	SH		DFND		7,922	0	0
SYNTEL INC	Common Stock	87162H103	527	6,256	SH		DFND		6,256	0	0
TJX COMPANIES INC	Common Stock	872540109	495	8,636	SH		DFND		8,636	0	0
TRW AUTOMOTIVE HOLDINGS CORP	Common Stock	87264S106	502	6,766	SH		DFND		6,766	0	0
TERRA NITROGEN COMPANY LP	Common Stock	881005201	381	2,426	SH		DFND		2,426	0	0
3M CO	Common Stock	88579Y101	517	4,032	SH		DFND		4,032	0	0
TIME WARNER CABLE	Common Stock	88732J207	578	4,340	SH		DFND		4,340	0	0
TORO CO	Common Stock	891092108	566	8,936	SH		DFND		8,936	0	0
TRACTOR SUPPLY COMPANY	Common Stock	892356106	502	7,552	SH		DFND		7,552	0	0
TRIUMPH GROUP INC	Common Stock	896818101	466	6,806	SH		DFND		6,806	0	0
TRIPADVISOR INC	Common Stock	896945201	511	6,616	SH		DFND		6,616	0	0
TUPPERWARE BRANDS CORP	Common Stock	899896104	444	5,660	SH		DFND		5,660	0	0
TYLER TECHNOLOGIES INC	Common Stock	902252105	641	6,076	SH		DFND		6,076	0	0
USANA HEALTH SCIENCES INC	Common Stock	90328M107	338	5,639	SH		DFND		5,639	0	0
ULTA SALON COSMETICS & FRAGR	Common Stock	90384S303	349	4,071	SH		DFND		4,071	0	0
UNDER ARMOUR INC-CLASS A	Common Stock	904311107	688	6,360	SH		DFND		6,360	0	0
UNION PACIFIC CORP	Common Stock	907818108	530	3,040	SH		DFND		3,040	0	0
UNITED RENTALS INC	Common Stock	911363109	688	8,502	SH		DFND		8,502	0	0
UNITED THERAPEUTICS CORP	Common Stock	91307C102	639	6,222	SH		DFND		6,222	0	0
UNITEDHEALTH GROUP INC	Common Stock	91324P102	491	6,796	SH		DFND		6,796	0	0
VALERO ENERGY CORP	Common Stock	91913Y100	231	4,519	SH		DFND		4,519	0	0
VALMONT INDUSTRIES	Common Stock	920253101	495	3,382	SH		DFND		3,382	0	0
VARIAN MEDICAL SYSTEMS INC	Common Stock	92220P105	530	6,516	SH		DFND		6,516	0	0
VERISK ANALYTICS INC-CLASS A	Common Stock	92345Y106	471	7,378	SH		DFND		7,378	0	0
VISA INC-CLASS A SHARES	Common Stock	92826C839	561	2,604	SH		DFND		2,604	0	0
VIRTUS INVESTMENT PARTNERS	Common Stock	92828Q109	554	3,038	SH		DFND		3,038	0	0
VMWARE INC-CLASS A	Common Stock	928563402	493	5,464	SH		DFND		5,464	0	0
WABCO HOLDINGS INC	Common Stock	92927K102	499	5,792	SH		DFND		5,792	0	0
WABTEC CORP	Common Stock	929740108	587	7,950	SH		DFND		7,950	0	0
WADDELL & REED FINANCIAL-A	Common Stock	930059100	607	9,370	SH		DFND		9,370	0	0
WAGEWORKS INC	Common Stock	930427109	557	8,964	SH		DFND		8,964	0	0
WAL-MART STORES INC	Common Stock	931142103	482	6,450	SH		DFND		6,450	0	0
WESTLAKE CHEMICAL CORP	Common Stock	960413102	560	4,604	SH		DFND		4,604	0	0
WEX INC	Common Stock	96208T104	471	5,720	SH		DFND		5,720	0	0
WHITING PETROLEUM CORP	Common Stock	966387102	511	8,758	SH		DFND		8,758	0	0
WILLIAMS-SONOMA INC	Common Stock	969904101	463	8,492	SH		DFND		8,492	0	0
WORLD ACCEPTANCE CORP	Common Stock	981419104	530	5,536	SH		DFND		5,536	0	0
EVEREST RE GROUP LTD	Common Stock	G3223R108	503	3,472	SH		DFND		3,472	0	0
HERBALIFE LTD	Common Stock	G4412G101	432	6,712	SH		DFND		6,712	0	0